Revenue Performance - Operating revenues for fiscal 2024 totaled $11,565,000, an increase of $2,276,000 or 25% compared to $9,289,000 in 2023[4] - Land development and sales revenues amounted to $520,000, attributed to $320,000 from the Honokeana Homes Relief Housing Project[4] - Leasing revenues increased by $1,160,000 or 14%, totaling $9,621,000 in 2024 compared to $8,461,000 in 2023[4] - Resort amenities revenues rose by $596,000 or 72%, reaching $1,424,000 in 2024[4] Net Loss and EBITDA - Net loss for 2024 was ($7,391,000), or ($0.38) per share, compared to a net loss of ($3,080,000) or ($0.15) per share in 2023[5] - Adjusted EBITDA for 2024 was $492,000, an increase of $1,154,000 from the reported Adjusted EBITDA of ($662,000) in 2023[5] - Adjusted EBITDA improved to a loss of $492,000 in 2024 from a loss of $662,000 in 2023, showing a positive trend[17] Cash and Investments - Cash and investments convertible to cash totaled $9,522,000, an increase of $687,000 from $8,835,000 at the end of 2023[5] - Cash and cash equivalents increased to $6,835,000 in 2024 from $5,700,000 in 2023, reflecting a growth of 19.9%[17] - Total cash and investments convertible to cash reached $9,522,000 in 2024, compared to $8,835,000 in 2023, an increase of 7.8%[17] Operating Costs and Expenses - Operating costs and expenses increased by $4,659,000 to $18,919,000 in 2024, primarily due to a $3,466,000 rise in non-cash stock compensation costs[4] Assets and Liabilities - Total assets increased to $50,139,000 in 2024 from $42,223,000 in 2023, representing a growth of 18.5%[16] - Current assets rose to $15,127,000 in 2024, up from $10,004,000 in 2023, marking a 51.3% increase[16] - Total current liabilities surged to $11,197,000 in 2024, up from $2,480,000 in 2023, an increase of 351.6%[16] - Total stockholders' equity decreased to $33,181,000 in 2024 from $34,704,000 in 2023, a decline of 4.4%[16] - Investments in joint ventures decreased to $968,000 in 2024 from $1,608,000 in 2023, a drop of 39.7%[16] - Long-term liabilities increased to $5,761,000 in 2024 from $5,039,000 in 2023, an increase of 14.3%[16] Strategic Initiatives - The company has identified twelve non-strategic assets for sale, with a combined listing price of $10.9 million for three actively listed parcels[4] - The company aims to maximize the productive use of its landholdings to address housing inventory needs and community development in Maui[3]

Core Insights - Maui Land & Pineapple Company, Inc. reported a net loss of $7,391,000 for the fiscal year 2024, compared to a net loss of $3,080,000 in 2023, primarily due to non-cash stock compensation expenses and increased operating costs [9][14][17] - The company achieved operating revenues of $11,565,000 in 2024, a 25% increase from $9,289,000 in 2023, driven by land sales, leasing, and resort amenities [3][13] - Adjusted EBITDA for 2024 was $492,000, a significant improvement from a loss of $662,000 in 2023, indicating positive operational performance [9][17] Financial Performance - Operating revenues increased by $2,276,000 or 25% from 2023 to 2024, with land development and sales revenues reaching $520,000, attributed to the Honokeana Homes Relief Housing Project [3][9] - Leasing revenues rose to $9,621,000 in 2024, up 14% from $8,461,000 in 2023, due to improved occupancy and new leases [3][9] - Resort amenities revenue increased by 72% to $1,424,000, reflecting new memberships and better collection of dues [3][9] Costs and Expenses - Total operating costs and expenses for 2024 were $18,919,000, an increase of $4,659,000 from 2023, mainly due to non-cash stock compensation costs [3][14] - The increase in operating costs included $3,466,000 in non-cash stock compensation, $509,000 in land development costs, and $586,000 in leasing costs [3][14] Assets and Liquidity - Cash and investments convertible to cash totaled $9,522,000 as of December 31, 2024, an increase of $687,000 from $8,835,000 in 2023 [9][17] - The company identified twelve non-strategic assets for sale, with a combined listing price of $10.9 million [3][9] Strategic Focus - The company aims to maximize the productive use of its landholdings to address housing needs, job opportunities, and food production in Maui [2][8] - The strategic plan includes engaging with local communities to enhance resilience and sustainability [2][8]

Core Points - Millennial Potash Corp. has successfully closed a private placement of units, consisting of common shares and share purchase warrants, raising a total of CDN$4,929,200 [1][2] - The private placement involved the issuance of 8,215,333 units at a price of CDN$0.60 per unit, with each warrant exercisable at CDN$0.85 for a period of two years [2][3] - Proceeds from the private placement will be allocated to exploration and development activities for the Banio Potash Project and for general working capital [3] Shareholder Information - The Quaternary Group Ltd. acquired 2,333,333 units in the private placement, increasing its total holdings to 24,468,833 common shares and 8,166,667 share purchase warrants [5][6] - The Acquiror now holds approximately 26.41% of the outstanding common shares on a non-diluted basis and 32.28% on a partially diluted basis [6] - Prior to the private placement, the Acquiror owned 22,135,500 common shares, representing approximately 26.22% on a non-diluted basis [7]

Group 1 - Millennial Potash Corp. is conducting a private placement of 5,833,333 units at a price of $0.60 per unit, with each unit consisting of one common share and one-half of a share purchase warrant exercisable at $0.85 for two years [1] - The proceeds from the private placement will be allocated to further exploration and development of the Banio Potash Project and for general working capital purposes [2] - An insider is participating in the private placement for 2,333,334 units, which qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [3] Group 2 - The private placement is subject to approval from the TSX Venture Exchange [4]

Core Viewpoint - Millennial Potash Corp. has initiated preliminary environmental baseline studies at its Banio Potash Project in Gabon, engaging Terea Environmental to conduct soil and water sampling, which will inform an Environmental Social Impact Assessment (ESIA) necessary for a mining license application [1][2]. Group 1: Environmental Studies - The company has completed soil and water sampling at various locations within the exploration license to gather baseline data for the ESIA [1]. - Water sampling will assess multiple locations in the lagoon area, including upstream and downstream of the company's camp, while soil sampling will focus on previous exploration sites and access roads [2]. - Preliminary testwork by Terea is expected to be completed in Q1 2025, with laboratory results anticipated in early Q2 2025, and sampling will continue throughout 2025 [2]. Group 2: Company Initiatives - The company emphasizes environmental protection and aligns its efforts with the Gabonese government, with ongoing consultations with the Ministry of the Environment [2]. - The company is granting a total of 1,850,000 incentive stock options, exercisable for five years at an exercise price of $0.51 per share [3].

Core Insights - The Zacks Oil and Gas - Refining & Marketing MLP industry is facing significant challenges due to a 5% decline in gasoline demand in Q3 2024, driven by fuel efficiency improvements, rising electric vehicle adoption, and changing consumer habits [1][3] - Rising interest rates are increasing debt costs, which may limit investment in infrastructure and acquisitions, thereby slowing overall industry momentum [1][5] - Companies with stable, fee-based revenue models, such as Targa Resources, Global Partners LP, and CrossAmerica Partners LP, are better positioned to withstand market volatility [1] Industry Overview - Master Limited Partnerships (MLPs) are unique entities that combine the tax benefits of limited partnerships with the liquidity of publicly traded securities, typically focusing on oil and natural gas pipelines and storage facilities [2] - The Zacks Oil and Gas - Refining & Marketing MLP industry operates refined product terminals, storage facilities, and transportation services, selling various refined petroleum products and non-energy materials [2] Trends Impacting the Industry - The continued decline in gasoline demand poses a long-term challenge for fuel retailers, with same-store retail volume remaining flat [3] - MLPs provide a reliable investment avenue in an unpredictable oil market, generating stable, fee-based revenue through long-term contracts [4] Financial Pressures - Rising interest rates are making debt more expensive, impacting profitability and limiting growth initiatives for MLP operators [5] - The Zacks Oil and Gas - Refining & Marketing MLP industry currently holds a Zacks Industry Rank of 220, placing it in the bottom 11% of 248 Zacks industries, indicating dull near-term prospects [6][7] Performance Metrics - The industry has outperformed the broader Zacks Oil - Energy Sector and the S&P 500 over the past year, gaining 62.3% compared to the sector's 6.4% increase and the S&P 500's 24.4% rise [9] - The industry is currently trading at an EV/EBITDA ratio of 11.78X, lower than the S&P 500's 17.75X but above the sector's 4.44X [10] Company Highlights - **Targa Resources**: A leading provider of integrated midstream services, with a projected 28.2% EPS growth for 2025 and a 33% increase in its common dividend [13] - **Global Partners LP**: Focused on gasoline and renewable fuels distribution, with a 17.8% year-over-year earnings growth estimate for 2025 and a 4.9% yield [16] - **CrossAmerica Partners LP**: A wholesale distributor of motor fuels, with a projected 69.2% earnings growth for 2025 and a 9% yield [17]

Group 1 - The service offers features such as a model portfolio with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and dividend and portfolio trackers [1] - The service emphasizes community and education, promoting the idea that investors should not invest alone [1] Group 2 - The article mentions that recommendations are closely monitored, and buy/sell alerts are exclusive to members [3] - Contributors to the service include various analysts who provide insights and support [3]

DENVER, Feb. 12, 2025 /PRNewswire/ -- The Alerian MLP ETF (NYSE Arca: AMLP) declared its first quarter 2025 distribution of $0.97 on Tuesday, February 11, 2025. The dividend is payable on February 18, 2025 to shareholders of record on February 12, 2025.AMLP Distributions: Ex-Date: Wednesday, February 12, 2025 Record Date: Wednesday, February 12, 2025 Payable Date: Tuesday, February 18, 2025ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the AL ...

West Vancouver, British Columbia--(Newsfile Corp. - February 12, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") has applied to the TSX Venture Exchange for approval of an amendment to certain share purchase warrants issued pursuant to a private placement by extending the expiry date for three additional years.The warrants affected are 3,591,500 share purchase warrants issued on February 28, 2023, with an expiry date of February 28, 2025, and exe ...

Millennial Announces Closing of Second Tranche of Private Placement for Total Proceeds of $3,793,200February 10, 2025 8:00 AM EST | Source: Millennial Potash Corp.West Vancouver, British Columbia--(Newsfile Corp. - February 10, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has closed the second tranche (the "Second Tranche") of its private placement (the "Private Placement") of units (the "Units") com ...