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MPLX(MPLX) - 2025 Q4 - Annual Results
2026-02-03 11:35
Exhibit 99.1 MPLX LP Reports Fourth-Quarter and Full-Year 2025 Results FINDLAY, Ohio, Feb. 3, 2026 - MPLX LP (NYSE: MPLX) today reported fourth-quarter 2025 net income attributable to MPLX of $1,193 million, compared with $1,099 million for the fourth quarter of 2024. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,804 million, compared with $1,762 million for the fourth quarter of 2024. During the quarter, MPLX generated $1,496 million in net ca ...
Marathon(MPC) - 2025 Q4 - Annual Results
2026-02-03 11:33
Financial Performance - For Q4 2025, Marathon Petroleum Corp. reported net income of $1.5 billion, or $5.12 per diluted share, compared to $371 million, or $1.15 per diluted share in Q4 2024, representing a significant increase [2]. - Full-year 2025 net income attributable to MPC was $4.0 billion, or $13.22 per diluted share, compared to $3.4 billion, or $10.08 per diluted share in 2024 [4]. - Net income attributable to MPC for Q4 2025 was $1,535 million, compared to $371 million in Q4 2024, representing a significant increase of 313% [33]. - Adjusted net income attributable to MPC for Q4 2025 was $1,220 million, compared to $249 million in Q4 2024 [47]. - Net income attributable to MPC for the twelve months ended December 31, 2025, was $4,047 million, compared to $3,445 million for the same period in 2024, reflecting a year-over-year increase of 17.5% [50]. Operational Performance - Adjusted EBITDA for Q4 2025 was $3,489 million, a significant increase from $2,120 million in Q4 2024, representing a growth of 64.4% [50]. - Adjusted EBITDA for Q4 2025 was $3.5 billion, up from $2.1 billion in Q4 2024, indicating strong operational performance [3]. - Refining & Marketing segment adjusted EBITDA for Q4 2025 was $1,997 million, up from $559 million in Q4 2024, indicating a substantial increase of 257.6% [52]. - The company achieved an adjusted EBITDA of $7.15 per barrel for Q4 2025, compared to $2.03 per barrel in Q4 2024, reflecting enhanced operational performance [35]. - MPC's income from operations for Q4 2025 was $2,694 million, a substantial increase from $1,141 million in Q4 2024, showcasing strong operational results [33]. Revenue and Sales - Total revenues for Q4 2025 were $33,422 million, a slight decrease from $33,466 million in Q4 2024 [33]. - Refining & Marketing refined product sales volume for Q4 2025 was 3,803 mbpd, an increase from 3,747 mbpd in Q4 2024 [36]. - Refining & Marketing margin for Q4 2025 reached $5,214 million, compared to $3,566 million in Q4 2024, marking a 46.2% increase [52]. - The Gulf Coast region contributed $2,111 million to the Refining & Marketing margin in Q4 2025, up from $1,483 million in Q4 2024, a growth of 42.3% [52]. Capital Expenditures and Investments - Capital expenditures for Q4 2025 totaled $1,462 million, up from $921 million in Q4 2024, indicating increased investment in operations [34]. - The company reported a total of $4,693 million in capital expenditures for the full year 2025, compared to $3,076 million in 2024, highlighting a strategic focus on growth [34]. - MPC's 2026 standalone capital spending outlook is $1.5 billion, with 65% focused on value-enhancing capital and 35% on sustaining capital [15]. - The company plans to invest $350 million in 2026 for a distillate hydrotreater at Galveston Bay, aimed at upgrading high-sulfur distillate to ultra-low sulfur diesel [20]. - MPLX's 2026 capital spending outlook is $2.7 billion, with 90% allocated to growth capital and 10% to maintenance capital [20]. Costs and Expenses - Cash provided by operating activities for 2025 was $8.3 billion, slightly down from $8.7 billion in 2024, while adjusted EBITDA for the full year was $12.0 billion, up from $11.3 billion [4]. - The company incurred refining planned turnaround costs of $412 million in Q4 2025, compared to $281 million in Q4 2024, reflecting a 46.6% increase [52]. - Total net interest and other financial costs for the twelve months ended December 31, 2025, were $1,276 million, compared to $839 million in 2024, representing a 52.2% increase [50]. - The company reported a provision for income taxes of $372 million for Q4 2025, significantly higher than $111 million in Q4 2024, an increase of 235.1% [50]. Refining and Marketing Metrics - Refining & Marketing margin increased to $18.65 per barrel in Q4 2025 from $12.93 per barrel in Q4 2024, reflecting improved profitability [35]. - Refining operating costs per barrel are projected to be $5.85 for Q1 2026, with total refinery throughputs expected to be 2,740 mbpd [23]. - Crude oil refining capacity utilization reached 95% in Q4 2025, up from 94% in Q4 2024, demonstrating operational efficiency [36]. - The Mid-Continent Region's refining & marketing margin rose to $18.19 per barrel in Q4 2025, compared to $11.31 in Q4 2024, marking a 60.5% increase [40]. - The West Coast Region reported a refining & marketing margin of $21.94 per barrel in Q4 2025, up from $15.70 in Q4 2024, a 39.8% increase [41]. Cash and Debt Position - Total cash and cash equivalents increased to $3,672 million as of December 31, 2025, compared to $2,654 million at the end of Q3 2025 [44]. - The total consolidated debt as of December 31, 2025, was $32,876 million, slightly up from $32,844 million at the end of Q3 2025 [44].
ARKO (ARKO) - 2025 Q4 - Annual Results
2026-02-03 11:30
Exhibit 99.1 ARKO Corp. Reports Preliminary Estimated Fourth Quarter and Full Year 2025 Results Based on preliminary, unaudited financial data, fourth quarter 2025 net income is expected to be between a net loss of $1.8 million and net income of $0.4 million and fourth quarter 2025 Adjusted EBITDA is expected to be between $63.1 million and $66.1 million. Based on preliminary, unaudited financial data, full year 2025 net income is expected to be between $19.1 million and $21.3 million, and full year 2025 Ad ...
Fabrinet(FN) - 2026 Q2 - Quarterly Report
2026-02-03 11:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 26, 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: 001-34775 FABRINET (Exact name of registrant as specified in i ...
Ingredion(INGR) - 2025 Q4 - Annual Results
2026-02-03 11:09
Exhibit 99 NEWS RELEASE Ingredion Incorporated 5 Westbrook Corporate Center CONTACTS: Westchester, IL 60154 Investors: Noah Weiss, 773-896-5242 Media: Rick Wion, 708-209-6323 INGREDION INCORPORATED REPORTS 2025 FOURTH QUARTER AND FULL-YEAR RESULTS WESTCHESTER, Ill., February 3, 2026 – Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported its fourth quarter 2025 and full-year 2025 results. "We delivered record fu ...
NXP(NXPI) - 2025 Q4 - Annual Results
2026-02-03 11:05
Financial Performance - Fourth quarter revenue was $3.34 billion, up 7% year-on-year, while full-year revenue was $12.27 billion, down 3% year-on-year[2] - Fourth quarter GAAP gross margin was 54.2%, with a GAAP operating margin of 22.3% and GAAP diluted net income per share of $1.79; full-year GAAP gross margin was 54.7%[2] - Fourth quarter non-GAAP gross margin was 57.4%, with a non-GAAP operating margin of 34.6% and non-GAAP diluted net income per share of $3.35; full-year non-GAAP gross margin was 56.8%[2] - NXP Semiconductors reported revenue of $12.27 billion for the full year 2025, a decrease from $12.61 billion in 2024, representing a decline of approximately 2.7%[16] - The gross profit for Q4 2025 was $1.807 billion, compared to $1.678 billion in Q4 2024, reflecting an increase of 7.7% year-over-year[20] - Operating income for Q4 2025 was $744 million, down from $893 million in Q3 2025, indicating a decrease of 16.7%[20] - Net income attributable to stockholders for Q4 2025 was $455 million, compared to $631 million in Q3 2025, a decline of 28%[20] - NXP's GAAP net income for Q4 2025 was $468 million, a decrease of 27.6% from $646 million in Q3 2025 and a decrease of 7.4% from $505 million in Q4 2024[22] - The diluted GAAP net income per share attributable to stockholders for Q4 2025 was $1.79, a decrease from $2.48 in Q3 2025 and $1.93 in Q4 2024[24] Cash Flow and Capital Management - Cash flow from operations for the fourth quarter was $891 million, resulting in non-GAAP free cash flow of $793 million, or 23.8% of revenue; full-year cash flow from operations was $2.82 billion[2] - Capital return during the fourth quarter was $592 million, representing 74.7% of non-GAAP free cash flow, with share buybacks totaling $338 million[2] - Cash flows from operating activities for the full year 2025 were $2,820 million, slightly up from $2,782 million in 2024[22] - Non-GAAP free cash flow for Q4 2025 was $793 million, an increase from $509 million in Q3 2025 and $292 million in Q4 2024, representing 20% of revenue[30] - Total net cash provided by operating activities for Q4 2025 was $891 million, up from $585 million in Q3 2025 and $391 million in Q4 2024[30] - Cash and cash equivalents as of December 31, 2025, were $3.267 billion, down from $3.454 billion as of September 28, 2025[21] - NXP's total cash and cash equivalents at the end of Q4 2025 were $3,267 million, down from $3,454 million at the end of Q3 2025[22] Strategic Initiatives and Acquisitions - NXP announced the completion of the acquisitions of Aviva Links for $243 million and Kinara for $307 million in cash[2] - The company completed the sale of its MEMS sensors business line for $900 million in cash, with an additional contingent payment of up to $50 million[2] - NXP's strategic focus includes advancements in software-defined vehicles and physical AI, alongside disciplined investment and margin expansion[1] - The company emphasizes its commitment to innovation in automotive, industrial, IoT, mobile, and communications infrastructure markets[16] Future Guidance - The company expects first quarter 2026 total revenue guidance between $3.05 billion and $3.25 billion, reflecting a quarter-on-quarter decline of 3% to 9%[6] - NXP's guidance for first quarter 2026 includes a gross margin expectation of 55.2% to 56.3%[6] Research and Development - Research and development expenses for the full year 2025 totaled $2.36 billion, slightly up from $2.35 billion in 2024, marking an increase of 0.6%[20] - The company plans to continue investing in research and development, with GAAP R&D expenses of $665 million in Q4 2025, up from $575 million in Q3 2025[23] Risks and Challenges - NXP's forward-looking statements highlight potential risks including market demand fluctuations and global trade policy changes, which could impact future performance[17]
ADM(ADM) - 2025 Q4 - Annual Results
2026-02-03 11:03
Exhibit 99.1 ADM Reports Fourth Quarter and Full-year 2025 Results; Provides 2026 Guidance Reports fourth quarter 2025 EPS of $0.94 and adjusted EPS of $0.87, with full-year 2025 EPS of $2.23 and adjusted EPS of $3.43 2 1,2 2 1,2 Provides 2026 outlook underpinned by an expected increasingly constructive operating environment as global trade policies evolve and U.S. biofuel policy clarity progresses Announces increase in quarterly dividend, marking 53 consecutive years of dividend growth CHICAGO, February 3, ...
Willis Towers Watson(WTW) - 2025 Q4 - Annual Results
2026-02-03 11:02
EXHIBIT 99.1 WTW Reports Fourth Quarter and Full Year 2025 Earnings LONDON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) (the "Company"), a leading global advisory, broking and solutions company, today announced financial results for the fourth quarter and full year ended December 31, 2025. "WTW had strong performance across our businesses driven by our team's relentless focus and consistent execution of our strategy" said Carl Hess, WTW's Chief Executive Officer. "We delivered on our financial targe ...
Gartner(IT) - 2025 Q4 - Annual Results
2026-02-03 11:01
Financial Performance - Fourth quarter revenues were $1.8 billion, representing a 2% increase as reported and unchanged FX neutral[5] - Net income for the fourth quarter was $242 million, a decrease of 39% year-over-year[5] - Adjusted EBITDA for the fourth quarter was $436 million, up 5% as reported and 1% FX neutral[5] - Full year revenues reached $6.5 billion, a 4% increase as reported and 3% FX neutral[5] - GAAP net income for Q4 2025 was $242 million, down from $399 million in Q4 2024, resulting in a diluted EPS of $3.36 compared to $5.11[28] - Total revenues for Q4 2025 reached $1,752.6 million, a slight increase from $1,715.1 million in Q4 2024, driven by growth in the Insights segment[28] - Adjusted net income for Q4 2025 was $284 million, with an adjusted EPS of $3.94, compared to $425 million and $5.45 in Q4 2024[24] - Operating income for Q4 2025 was $334.2 million, up from $317.8 million in Q4 2024, indicating improved operational efficiency[28] Share Repurchase and Stock Information - The company repurchased $2 billion of its stock in 2025, reducing the outstanding share count by 8% year-over-year[5] - The Board of Directors increased the share repurchase authorization by $500 million in January 2026[5] Contract Value and Sales Performance - Global Technology Sales Contract Value (GTS CV) was $3.9 billion, flat year-over-year FX neutral[9] - Global Business Sales Contract Value (GBS CV) was $1.2 billion, reflecting a 3% increase year-over-year FX neutral[9] - The company expects contract value to accelerate throughout 2026[3] Segment Performance - Segment revenues for Insights were $1.283 billion, a 3% increase, while Consulting revenues decreased by 13% to $134 million[7] Cash Flow and Expenses - Free cash flow for Q4 2025 was $311 million, an increase from $271 million in Q4 2024, while GAAP cash provided by operating activities was $295 million[25] - The company reported a total of $1,290 million in GAAP cash provided by operating activities for the year ended December 31, 2025, down from $1,485 million in 2024[25] - The cost of services and product development for Q4 2025 was $572.6 million, slightly lower than $574.9 million in Q4 2024[28] - The company incurred $78 million in workforce reduction expenses for the year ended December 31, 2025, compared to $35 million in 2024[24] - The effective tax rate on adjustments for Q4 2025 was approximately 3%, compared to 32% in Q4 2024[24] - The company’s total costs and expenses for Q4 2025 were $1,418.4 million, compared to $1,397.3 million in Q4 2024[28]
Teradyne(TER) - 2025 Q4 - Annual Results
2026-02-03 11:01
Teradyne Reports Fourth Quarter and Full Year 2025 Results | | | Q4'25 | | Q4'24 | | Q3'25 | | FY 2025 | | FY 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue (mil) | $ | 1,083 | $ | 753 | $ | 769 | $ | 3,190 | $ | 2,820 | | GAAP EPS | $ | 1.63 | $ | 0.90 | $ | 0.75 | $ | 3.47 | $ | 3.32 | | Non-GAAP EPS | $ | 1.80 | $ | 0.95 | $ | 0.85 | $ | 3.96 | $ | 3.22 | NORTH READING, Mass. – February 2, 2026 – Teradyne, Inc. (NASDAQ: TER) reported revenue of $1,083 million for the ...