CALGARY, AB, Feb. 26, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty to Pembina Pipeline Corporation for contravening the Public Lands Act. A copy of the decision is on the AER’s Compliance Dashboard. Following an investigation by the AER, it was determined that between January 23 and 28, 2023, Pembina contravened section 56 (1) (n) of the Public Lands Act by commencing various activities near Saddle Hills County without completing a wildlife sweep, which w ...

AerCap (AER) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $3.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.30%. A quarter ago, it was expected that this airplane leasing company would post earnings of $2.41 per share when it actually produced earnings of $2.41, delivering no surprise.Over the last four quarters, the company ha ...

Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. AERCAP | FOURTH QUARTER 2024 FINANCIAL RESULTS AERCAP HOLDINGS N.V. FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, f ...

Core Insights - AerCap Holdings N.V. reported strong financial results for Q4 and the full year 2024, highlighting record operating cash flow and earnings per share, driven by high demand for leased aircraft, engines, and helicopters [2][4][8] Financial Performance - Total revenues for Q4 2024 reached $2.072 billion, a 9% increase from $1.899 billion in Q4 2023, with full-year revenues of $7.997 billion, up 5% from $7.580 billion in 2023 [4][39] - Basic lease rents for Q4 2024 were $1.619 billion, a 3% increase from $1.576 billion in Q4 2023, while full-year basic lease rents rose 2% to $6.377 billion [4][39] - Net gain on sale of assets for Q4 2024 was $260 million, a significant increase of 176% from $94 million in Q4 2023, with total asset sales of $869 million [6][39] Shareholder Returns - The company announced a new $1 billion share repurchase program and increased its quarterly dividend to $0.27 per share, up from $0.25 per share in 2024 [2][8][18] Key Metrics - Net income for Q4 2024 was $671 million, or $3.56 per share, while full-year net income was $2.1 billion, or $10.79 per share [8][39] - Adjusted net income for Q4 2024 was $624 million, or $3.31 per share, with full-year adjusted net income of $2.3 billion, or $12.01 per share [8][22] - Return on equity was 16% for Q4 2024, with an adjusted return on equity of 15% [9][22] Operational Highlights - Cash flow from operating activities was $1.3 billion for Q4 2024 and $5.4 billion for the full year [9] - The company ordered over $2 billion of CFM LEAP engines in Q4 2024, bringing total new engine orders to over $5 billion for the year [9] Financial Position - As of December 31, 2024, total assets were $71.442 billion, with total liabilities of $54.257 billion and shareholders' equity of $17.185 billion [15][37] - Book value per share increased to $94.57, a 13% rise from $83.81 as of December 31, 2023 [15][9] Market Context - The positive operating environment and high demand for aviation leasing services contributed to AerCap's strong performance, reflecting broader trends in the aviation industry [2][4]

Group 1 - AerCap (NYSE: AER) is considered one of the most compelling values in the market today, with a projected compound book value growth of 15-20% for at least the next five years [1] Group 2 - The article reflects a favorable outlook on AerCap, indicating strong potential for investment based on fundamental analysis [2] - The author has a beneficial long position in AerCap shares, indicating confidence in the company's future performance [3]

Core Viewpoint - AerCap Holdings N.V. will host a conference call and webcast on February 26, 2025, to discuss its fourth quarter 2024 financial results [1][2]. Group 1: Conference Call Details - The earnings press release for the fourth quarter 2024 will be released before the U.S. financial markets open on February 26, 2025 [2]. - The conference call can be accessed by dialing specific numbers for U.S./Canada and international participants, with a reference code provided [3]. - A replay of the webcast will be available on AerCap's website for one year [3]. Group 2: Company Overview - AerCap is recognized as the global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [4]. - The company is listed on the New York Stock Exchange (AER) and is headquartered in Dublin, with multiple offices globally [4].

Group 1 - AerCap Holdings N.V. primarily engages in leasing aircraft to airlines globally, acquiring units directly from manufacturers like Boeing [1] - The company operates under a business model that focuses on sustained free cash flows, low leverage, and sustainable debt [1] - AerCap is positioned to capitalize on opportunities in emerging markets, particularly in sectors like oil & gas, metals, and mining [1] Group 2 - The company emphasizes a pro-shareholder attitude, maintaining consistent buyback programs and dividend distributions [1] - AerCap's strategy includes targeting companies that are undervalued by the market but show high recovery potential [1] - The focus on companies with solid margins and investment opportunities in the medium to long term is a key aspect of AerCap's investment philosophy [1]

Issuance of Senior Notes - AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust priced an offering of senior notes totaling $1.5 billion, consisting of $750 million in 4.875% Senior Notes due 2028 and $750 million in 5.375% Senior Notes due 2031 [1] - The notes are fully and unconditionally guaranteed on a senior unsecured basis by AerCap Holdings N.V. and certain subsidiaries [1] Use of Proceeds - The net proceeds from the notes will be used for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets, and repaying indebtedness [2] Underwriters and Registration - Citigroup, Deutsche Bank Securities, Barclays, Credit Agricole CIB, and TD Securities are serving as joint book-running managers for the offering [2] - A registration statement on Form F-3 was filed with the SEC and became effective on October 18, 2024 [3] Company Overview - AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry [6] - The company serves approximately 300 customers worldwide and is listed on the New York Stock Exchange (AER) [6]

Full Year 2024 Transactions - AerCap signed 496 lease agreements, completed 150 purchases, and executed 166 sale transactions [4] - The company signed financing transactions totaling approximately $17.5 billion [4] - AerCap repurchased approximately 16.8 million shares at an average price of $87.80 per share, totaling around $1.5 billion [4] Fourth Quarter 2024 Transactions - In Q4, AerCap signed 92 lease agreements, which included 14 widebody aircraft, 14 narrowbody aircraft, 33 engines, and 31 helicopters [4] - The company completed 41 purchases for 27 aircraft, including various models from Airbus and Boeing, as well as 10 engines and 4 helicopters [4] - AerCap executed 55 sale transactions for 26 aircraft and 25 engines, along with 4 helicopters [4] - Financing transactions in Q4 amounted to approximately $1.8 billion [4] - The company repurchased approximately 3.1 million shares at an average price of $94.74 per share, totaling around $297 million [4] - A quarterly cash dividend of $0.25 per share was paid on ordinary shares [4] Company Overview - AerCap is recognized as the global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [2] - The company is listed on the New York Stock Exchange (AER) and is headquartered in Dublin, with multiple offices globally [2]

Company Overview - AerCap is the global leader in aviation leasing with a strong order book and serves approximately 300 customers worldwide [1][6] - The company is listed on the New York Stock Exchange (AER) and is headquartered in Dublin, with multiple offices globally [1] Recent Developments - AerCap has signed a sale and leaseback agreement for one new Boeing 787-9 aircraft with TAAG Angola Airlines, scheduled for delivery in February 2025 [6] - This agreement marks a significant milestone for TAAG as part of its fleet modernization program [7] Customer Insights - TAAG Angola Airlines is recognized as the leading airline in Angola, operating 12 domestic and 11 international destinations [5] - The introduction of the Boeing 787-9 is expected to enhance TAAG's operational efficiency and sustainability, improving passenger experience and reducing operational costs [7]