Kinder Morgan(KMI) - 2025 Q1 - Quarterly Results
2025-04-16 20:13
Exhibit 99.1 KINDER MORGAN REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS Approves Cash Dividend of $0.2925 per share ($1.17 annualized) Added $900 Million to Project Backlog Closed $640 Million Outrigger Acquisition HOUSTON, April 16, 2025 - Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2925 per share for the first quarter ($1.17 annualized), payable on May 15, 2025 to stockholders of record as of the close of business on April 30, 2025. This dividend is a 2% incre ...
Alcoa(AA) - 2025 Q1 - Quarterly Results
2025-04-16 20:11
PITTSBURGH--(BUSINESS WIRE)--April 16, 2025--Alcoa Corporation (NYSE: AA; ASX: AAI) today reported results for the first quarter 2025, a period that included sequential increases in Net income, Adjusted net income and Adjusted EBITDA excluding special items and the announced joint venture to support the San Ciprián (Spain) operations. Financial Results and Highlights | M, except per share amounts | | 1Q25 | 4Q24 | 1Q24 | | --- | --- | --- | --- | --- | | Revenue | $ | 3,369 $ | 3,486 $ | 2,599 | | Net incom ...
TRIUMPH FINCL(TFINP) - 2025 Q1 - Quarterly Results
2025-04-16 20:10
Exhibit 99.1 April 16, 2025 Fellow Shareholders, For the first quarter, we recorded a net loss to common stockholders of $(0.8) million, or $(0.03) per diluted share. These results include certain non-core expenses totaling just under $3.0 million, partially offset by $0.8 million in non-core gains. Those items negatively impacted EPS by $0.07. Here are a few things I think investors should note for the first quarter: • We foresaw a quarter like this was possible, even if we hoped against it. Our product st ...
Triumph Financial(TFIN) - 2025 Q1 - Quarterly Results
2025-04-16 20:10
Exhibit 99.1 April 16, 2025 Fellow Shareholders, For the first quarter, we recorded a net loss to common stockholders of $(0.8) million, or $(0.03) per diluted share. These results include certain non-core expenses totaling just under $3.0 million, partially offset by $0.8 million in non-core gains. Those items negatively impacted EPS by $0.07. and integrations to expedite our go-to-market strategy. This is why we have gone down this road, and why we intend to see it through. Discussion of the Core Transact ...
United(UAL) - 2025 Q1 - Quarterly Report
2025-04-16 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission File Number | Exact Name of Registrant as Specified in its Charter | Principal Executive Office Address | | | Telephone Number | State of Incorporation | I.R.S. Employer Identif ...
Diamondback Energy(FANG) - 2025 Q1 - Quarterly Results
2025-04-16 20:04
Exhibit 99.1 DIAMONDBACK ENERGY, INC. PROVIDES OPERATIONAL UPDATE FOR THE FIRST QUARTER OF 2025 MIDLAND, Texas, April 16, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") provided an operational update for the first quarter of 2025. The Company is releasing this information to provide flexibility to opportunistically continue its stock repurchase program given the current market volatility. FIRST QUARTER 2025 HIGHLIGHTS 2025 OPERATING PLAN UPDATE Given recent ...
Viper(VNOM) - 2025 Q1 - Quarterly Results
2025-04-16 20:03
FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 16, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 VIPER ENERGY, INC. (Exact Name of Registrant as Specified in Charter) DE 001-36505 46-5001985 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 500 West Texas Ave. Suite 100 Not Applicable (Former name or former addres ...
Martin Midstream Partners(MMLP) - 2025 Q1 - Quarterly Results
2025-04-16 20:02
EXHIBIT 99.1 MARTIN MIDSTREAM PARTNERS REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS AND DECLARES QUARTERLY CASH DISTRIBUTION KILGORE, Texas, April 16, 2025 (BUSINESS WIRE) -- Martin Midstream Partners L.P. (Nasdaq: MMLP) ("MMLP" or the "Partnership") today announced its financial results for the first quarter of 2025. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, "The Partnership had a good start to 2025 as we generated adjus ...
CSX(CSX) - 2025 Q1 - Quarterly Report
2025-04-16 20:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR (☐) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-8022 CSX CORPORATION Indicate by a check mark whether the registrant is a shell company (as defin ...
CSX(CSX) - 2025 Q1 - Quarterly Results
2025-04-16 20:01
Financial Performance - CSX Corp. reported first quarter 2025 operating income of $1.04 billion, a decrease of 22% from $1.34 billion in the prior year period[2]. - Net income for the quarter was $646 million, or $0.34 per diluted share, down 27% from $880 million, or $0.45 per diluted share, in the same period last year[2][14]. - Total revenue for the quarter was $3.42 billion, representing a 7% decline year-over-year from $3.68 billion[2][14]. - Total revenue decreased by 7% in Q1 2025 compared to Q1 2024, primarily due to declines in coal revenue and merchandise volume[28]. - Operating income for Q1 2025 was $1,041 million, down 22.1% from $1,337 million in Q1 2024[63]. - Gross cash earnings decreased to $1,269 million in Q1 2025 from $1,509 million in Q1 2024, reflecting a decline of 17.9%[63]. - Economic profit (non-GAAP) fell to $320 million in Q1 2025, a decrease of 46% compared to $594 million in Q1 2024[63]. - Free cash flow before dividends remained stable at $559 million in Q1 2025, slightly down from $560 million in Q1 2024[68]. - Net cash provided by operating activities increased to $1,255 million in Q1 2025, up 17.7% from $1,066 million in Q1 2024[68]. Volume and Revenue Declines - Total volume decreased by 1% year-over-year to 1.52 million units in the first quarter of 2025[2]. - Coal volume decreased by 8%, with domestic coal tonnage down 4% and export coal tonnage down 12%[35]. - Merchandise volume decreased by 2%, with notable declines in automotive (down 7%) and forest products (down 4%) segments[31]. - Fuel surcharge revenue decreased to $217 million from $277 million, reflecting a 22% decrease[30]. - The company reported a decrease in other revenue by $28 million, primarily due to prior year payments from customers not meeting volume commitments[37]. Operational Challenges - CSX is addressing operational challenges and network constraints due to ongoing infrastructure projects to improve performance[3]. - Train velocity decreased by 3% and dwell time increased by 19% compared to the prior year, indicating operational challenges[45]. Safety Improvements - The personal injury frequency index improved by 22% to 0.95, and the FRA train accident rate improved by 16% to 3.43, highlighting safety improvements[46]. Capital Expenditures and Investments - CSX's capital expenditures for property additions in the first quarter of 2025 included $133 million related to rebuilding efforts from Hurricane Helene[24]. - Property additions rose to $719 million in Q1 2025, compared to $517 million in Q1 2024, indicating a 38.9% increase[68]. Cash and Liquidity - Cash and cash equivalents increased to $1.14 billion as of March 31, 2025, up from $933 million at the end of 2024[16]. - Total expenses increased by $38 million, or 2%, to $2.4 billion in Q1 2025, driven by inflation and higher union employee benefits[39]. - Estimated locomotive fuel expense decreased to $225 million from $276 million, a reduction of $51 million due to a 15% decrease in fuel prices[42]. Share Repurchase - The company repurchased 24 million shares at a cost of $751 million during the first quarter of 2025, compared to 7 million shares for $247 million in the same period last year[22].