Kimbell Royalty Partners(KRP) - 2025 Q4 - Annual Results
2026-02-26 12:07
Production and Revenue - Q4 2025 run-rate daily production reached 25,627 Boe/d, exceeding the mid-point of guidance[1] - Q4 2025 total revenues amounted to $82.5 million, with net income of $24.8 million and net income attributable to common units of $19.2 million[11] - For Q4 2025, total revenues increased to $82.453 million, up from $66.715 million in Q4 2024, marking a year-over-year growth of approximately 23%[33] - For the full year 2025, total revenues reached $333.830 million, an increase from $309.307 million in 2024, representing a growth of about 8%[35] - The average realized price per barrel of oil in Q4 2025 was $58.24, with total revenues from oil, natural gas, and NGLs at $76.0 million[11] Financial Performance - The company reported a net income of $24,804 million for Q4 2025, compared to a net loss of $39,259 million in Q4 2024[33] - Kimbell's net income for the year ended December 31, 2025, was $99.651 million, significantly higher than the $11.070 million reported in 2024[35] - The company’s basic earnings per common unit for 2025 was $0.62, compared to a loss of $0.12 per unit in 2024[35] - Consolidated Adjusted EBITDA for Q4 2025 was $64,825,000, compared to $59,776,000 in Q4 2024, reflecting an increase of 8.5%[42] - Adjusted EBITDA attributable to Kimbell Royalty Partners, LP for Q4 2025 was $56,117,000, up from $50,684,000 in Q4 2024, marking an increase of 10.0%[42] Cash Distribution and Debt Management - Q4 2025 cash distribution was announced at $0.37 per common unit, up 6% from Q3 2025, reflecting a payout ratio of 75% of cash available for distribution[9] - Kimbell plans to maintain a payout ratio of 75% of projected cash available for distribution, using the remaining 25% to reduce outstanding borrowings[24] - Kimbell paid down approximately $57.4 million on its credit facility during 2025, allocating 25% of cash available for distribution for debt repayment[5] - As of December 31, 2025, Kimbell had approximately $441.5 million in debt outstanding, with a net debt to trailing twelve-month consolidated Adjusted EBITDA ratio of approximately 1.5x[15] - Long-term debt as of December 31, 2025, was $441,500,000, with net debt at $397,523,000, resulting in a net debt to trailing twelve-month consolidated adjusted EBITDA ratio of 1.5x[46] Operational Insights - Proved developed reserves increased by approximately 8% year-over-year to nearly 73 million Boe, reflecting ongoing development and acquisitions[21] - Kimbell's major properties had 85 active rigs drilling, representing a 16.1% market share of U.S. land rigs as of December 31, 2025[18] - The company initiated 2026 operational guidance with estimated daily production projected at a mid-point of 25,500 Boe/d, unchanged from 2025[8] - Kimbell Royalty Partners projects net production for 2026 to be between 24.0 Mboe/d and 27.0 Mboe/d, with oil production expected to account for 30% to 34% of net production[24] - The company anticipates natural gas production to represent 46% to 50% of net production, while natural gas liquids production is expected to be 18% to 22%[24] Cost Management - Unit costs for marketing and other deductions are projected to range from $1.40 to $2.20 per boe, with depreciation and depletion expenses expected between $13.00 and $20.00 per boe[24] - Net cash provided by operating activities for Q4 2025 was $57,226,000, an increase from $56,571,000 in Q4 2024, representing a growth of 1.2%[40] - Cash available for distribution on common units in Q4 2025 was $46,836,000, compared to $41,502,000 in Q4 2024, indicating a rise of 12.0%[42] - The cash available for distribution per common unit outstanding in Q4 2025 was $0.50, an increase from $0.44 in Q4 2024[42] - The fourth quarter 2025 distribution declared was $0.37 per common unit, compared to $0.40 in Q4 2024[42] Asset Performance - The impairment of oil and natural gas properties was zero in Q4 2025, compared to $56,155,000 in Q4 2024, indicating improved asset performance[40] - Kimbell Royalty Partners owns mineral and royalty interests in over 17 million gross acres across 28 states, including more than 133,000 gross wells[27] - The total common units outstanding increased from 80,969,651 on December 31, 2024, to 93,396,488 on December 31, 2025[42]
Warner Bros. Discovery(WBD) - 2025 Q4 - Annual Results
2026-02-26 12:06
Warner Bros. Discovery Reports Fourth-Quarter and Full-Year 2025 Results | | | | Three Months Ended December 31, | | | | Twelve Months Ended December 31, | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | 2024 | % Change | | 2025 | 2024 | % Change | | | $ in millions | | | | Reported | Ex-FX(') | | | Reported | Ex-FX(') | | Distribution | କି | 4,789 | 49 4,917 | (3)% | $ (3)% | 19,262 | $ 19,701 | (2)% | (2)% | | Advertising | | 1,703 | 1.830 | (7)% | (9)% | 7,306 | 8,090 | (10 ...
Hilton Grand Vacations (HGV) - 2025 Q4 - Annual Results
2026-02-26 12:06
Exhibit 99.1 Investor Contact: Mark Melnyk 407-613-3327 mark.melnyk@hgv.com Media Contact: Lauren George 407-613-8431 lauren.george@hgv.com FOR IMMEDIATE RELEASE Hilton Grand Vacations Reports Fourth Quarter and Full Year 2025 Results ORLANDO, Fla. (Feb. 26, 2026) – Hilton Grand Vacations Inc. (NYSE: HGV) ("HGV" or "the Company") today reports its fourth quarter and full year 2025 results. Fourth quarter of 2025 highlights 1 Full Year 2026 Outlook • The Company expects full-year 2026 Adjusted EBITDA attribu ...
Frontdoor(FTDR) - 2025 Q4 - Annual Results
2026-02-26 12:05
Financial Performance - Total revenue for 2025 increased 14% to $2.09 billion, with organic revenue growth of 3.7%[1][12] - Net income rose 9% to $255 million, with diluted earnings per share increasing 14% to $3.42[1][4] - Adjusted EBITDA increased 25% to $553 million for the year[1][4] - Revenue for the year ended December 31, 2025, was $2,093 million, an increase of 13.6% from $1,843 million in 2024[40] - Net income for 2025 was $255 million, compared to $235 million in 2024, representing an increase of 8.5%[40] - Adjusted EBITDA for the year ended December 31, 2025, reached $553 million, a rise of 25% from $443 million in 2024[49] Profitability Metrics - Gross profit margin expanded by 150 basis points to 55%[1][4] - Gross profit for 2025 was $1,157 million, up from $991 million in 2024, reflecting a gross margin improvement[40] - Free cash flow for the year ended December 31, 2025, was $390 million, compared to $231 million in 2024, indicating a significant increase of 69%[48] Cash Flow and Liquidity - Net cash provided from operating activities increased 54% to $416 million for the year[1][17] - Cash provided from operating activities increased to $416 million in 2025, up from $270 million in 2024, representing a growth of 54%[44] - Cash and cash equivalents increased to $566 million in 2025 from $421 million in 2024, enhancing liquidity position[41] - Cash and cash equivalents at the end of the period increased to $566 million in 2025, up from $421 million in 2024[44] Shareholder Actions - The company repurchased $280 million of shares in 2025, representing 7% of total shares[1][3] - The company repurchased $283 million worth of common stock in 2025, compared to $161 million in 2024, marking a 76% increase[44] Future Projections - For 2026, revenue is projected to be between $2.155 billion and $2.195 billion, reflecting a 3% to 5% increase over 2025[1][22] - The company aims for a long-term adjusted EBITDA margin outlook in the mid-20% range[1][3] - Home warranty member count is expected to turn positive in 2026, driven by a projected 5% increase in first-year home warranty members[1][22] - Non-warranty and other revenue is anticipated to be between $220 million and $240 million in 2026[1][22] Debt Management - Long-term debt decreased to $1,144 million in 2025 from $1,170 million in 2024, indicating improved debt management[41] Customer Metrics - The number of home warranties as of December 31, 2025, was 2.11 million, slightly down from 2.12 million in 2024, reflecting a 0% change[51] - Customer retention rate decreased to 79.2% in 2025 from 79.9% in 2024[51] Acquisition Impact - The acquisition of 2-10 Home Buyers Warranty is expected to enhance market position, though risks remain regarding its integration[29] Depreciation and Amortization - The company reported a depreciation and amortization expense of $89 million for the year ended December 31, 2025, compared to $39 million in 2024[44] Loss on Debt Extinguishment - The company experienced a loss on extinguishment of debt of $3 million in 2024, with no such loss reported in 2025[44]
BlackSky Technology (BKSY) - 2025 Q4 - Annual Results
2026-02-26 12:05
BLACKSKY REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS "Growing demand and new Gen-3 contract awards drove a strong Q4 and delivered a second consecutive year of positive adjusted EBITDA," said Brian E. O'Toole, BlackSky CEO. "With the exceptional performance of Gen-3, we're converting early customer pilots into long-term subscription contracts worldwide. Significant international demand drove the majority of our backlog growth and is further diversifying our customer base. We enter 2026 with strong mom ...
Tecnoglass(TGLS) - 2025 Q4 - Annual Results
2026-02-26 12:05
Exhibit 99.1 Tecnoglass Reports Fourth Quarter and Full Year 2025 Results - Full Year Revenues Increased 10.5% to a Record $983.6 Million Through Market Share Gains, Geographical Expansion and Increased Demand for Vinyl Products - - Full Year Single-Family Residential Revenue Grew to a Record $403.4 Million - - Record Full Year Gross Profit of $421.4 Million, Representing 42.8% of Revenues - - Full Year Net Income of $159.6 Million, or $3.42 Per Diluted Share; Full Year Adjusted Net Income of $167.0 Million ...
Vital Farms(VITL) - 2025 Q4 - Annual Results
2026-02-26 12:05
Vital Farms Reports Fourth Quarter and Fiscal Year 2025 Financial Results Fiscal Year 2025 Net Revenue of $759.4 million, up 25.3% versus Fiscal Year 2024 Fiscal Year 2026 Guidance of $900 to $920 million for Net Revenue, representing up to 21% Growth from 2025; Guidance of $105 to $115 million for Adjusted EBITDA and $140 to $150 million for Capital Expenditures; Remains on Track to Reach $2 Billion Net Revenue Target by 2030 $100 Million 2-year Stock Repurchase Program Authorization Successful Remediation ...
Ligand(LGND) - 2025 Q4 - Annual Results
2026-02-26 12:05
Financial Performance - Ligand reported total revenues of $59.7 million for Q4 2025, a 39% increase from $42.8 million in Q4 2024, primarily driven by a 45% increase in royalty revenue to $50.5 million[3]. - For the full year 2025, total revenues were $268.1 million, up from $167.1 million in 2024, with royalties increasing to $161.0 million from $108.8 million[7]. - GAAP net income for Q4 2025 was $44.8 million, or $2.12 per diluted share, compared to a net loss of $31.1 million, or $1.64 per share, in Q4 2024[5]. - Adjusted net income for Q4 2025 was $42.7 million, or $2.02 per diluted share, up from $25.2 million, or $1.27 per diluted share, in Q4 2024[6]. - Ligand's full year 2025 GAAP net income was $124.5 million, or $6.13 per diluted share, compared to a net loss of $4.0 million, or $0.22 per share, in 2024[9]. - Total revenues and income for Q4 2025 reached $59.666 million, a 39.4% increase from $42.812 million in Q4 2024[31]. - Net income for the year ended December 31, 2025, was $124.453 million, compared to a net loss of $4.032 million in 2024[31]. - Adjusted net income for the year was $165.058 million, compared to $156.041 million in 2024, showing consistent profitability[35]. Guidance and Future Outlook - The company is reaffirming its 2026 financial guidance, expecting total revenues between $245 million and $285 million, with adjusted earnings per diluted share of approximately $8.00 to $9.00[10]. - Ligand's forward-looking statements include guidance regarding projected 2026 financial results, with actual results subject to various risks and uncertainties[24]. Research and Development - Research and development expenses for the full year 2025 were $81.2 million, significantly up from $21.4 million in 2024, primarily due to one-time charges related to royalty financing agreements[8]. - Research and development expenses for the year increased to $81.182 million, up from $21.425 million in 2024, reflecting a focus on innovation[31]. - R&D funding expenses increased to $3.25 million, indicating a focus on innovation and development[36]. Cash and Assets - As of December 31, 2025, Ligand had cash, cash equivalents, and short-term investments totaling $733.5 million[6]. - Cash, cash equivalents, and short-term investments rose to $733.521 million as of December 31, 2025, compared to $256.165 million in 2024[33]. - Total assets increased to $1.561 billion in 2025, up from $941.774 million in 2024, indicating strong growth[33]. - Total liabilities were $543.425 million in 2025, compared to $111.335 million in 2024, reflecting increased financial commitments[33]. Business Model and Strategy - Ligand's business model focuses on generating value through a diversified portfolio of biotech and pharmaceutical product revenue streams supported by a low corporate cost structure[22]. - Ligand operates two royalty-generating technology platforms: Captisol and NITRICIL, aimed at optimizing drug solubility and stability[22]. Transactions and Partnerships - Captisol sales for Q4 2025 were $7.8 million, slightly down from $7.9 million in Q4 2024, while full year Captisol sales increased to $40.2 million from $30.9 million in 2024[3][7]. - The company recognized a total income of $53.1 million from the divestiture of its Pelthos subsidiary, which included $24.5 million from the out-license of Zelsuvmi and a $28.6 million gain on the sale of the business[39]. - On November 7, 2025, Pelthos Therapeutics acquired U.S. commercialization rights to Xepi, with Ligand entitled to a low single-digit royalty on net sales[19]. - On December 18, 2025, Athira, now Leona Bio, acquired rights to lasofoxifene, with Ligand entitled to a tiered 6-10% royalty on future net sales[19]. Impairments and Losses - Financial royalty asset impairment for the full year 2025 was $6.2 million, down from $30.6 million in 2024, reflecting changes in partnered programs[8]. - Impairment of financial royalty assets amounted to $1.62 million, primarily related to Agenus returned partner programs and the discontinuation of Takeda's soticlestat program[36][37]. - The company reported a loss from equity method investment in Primrose Bio of $0.37 million, reflecting challenges in that investment[36]. - The company experienced a downward adjustment of $25.8 million in the price of the Primrose Bio Series A Preferred Shares, highlighting volatility in equity investments[38]. Tax and Adjustments - The income tax effect of adjusted reconciling items was $0.11 million, showing the impact of tax adjustments on net income[36]. - The company excluded $28.6 million related to the gain on the sale of the Pelthos business from adjusted net income to enhance transparency[39].
Bentley(BSY) - 2025 Q4 - Annual Results
2026-02-26 12:04
Exhibit 99.1 Bentley Systems Announces Fourth Quarter and Full Year 2025 Results and 2026 Financial Outlook Declares Quarterly Dividend EXTON, PA – February 26, 2026 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended December 31, 2025 and its financial outlook for 2026. Fourth Quarter 2025 Results • Total revenues were $391.6 million, up 11.9% or 9.7% on a constant currency basis, year-over-year; • Subscriptions reven ...
Entrada Therapeutics(TRDA) - 2025 Q4 - Annual Results
2026-02-26 12:04
Entrada Therapeutics Reports Fourth Quarter and Full Year 2025 Financial Results -- Company on track to report ELEVATE-44-201 data from Cohort 1 in Q2 2026 and Cohort 2 by year-end 2026 -- Expanding Preclinical Pipeline: The Company has generated compelling preclinical data from programs focused on ocular and metabolic diseases. The pipeline includes the advancement of two novel oligonucleotide-based programs for the potential treatment of inherited retinal diseases, where there exists high unmet need. The ...