Aramco has announced the commencement of production at the Jafurah unconventional gas field and the start of operations at the Tanajib Gas Plant in Saudi Arabia. The developments form part of Aramco’s plan to boost sales gas production capacity by around 80% by 2030, compared to 2021 levels. The plan targets approximately six million barrels of oil equivalent per day from total gas and associated liquids. Aramco expects these projects to generate additional operating cash flow of $12bn–15bn in 2030, dep ...

Core Insights - Eni reported a 35% year-on-year increase in adjusted net profit for Q4, driven by strong growth in its exploration and production division [1] - The adjusted net profit for the fourth quarter reached 1.2 billion euros ($1.4 billion), up from 885 million euros in the same period last year, surpassing analyst expectations of 960 million euros [1] Financial Performance - Adjusted net profit for Q4: 1.2 billion euros ($1.4 billion) [1] - Year-on-year growth: 35% increase from 885 million euros [1] - Analyst consensus: Expected profit of 960 million euros [1]

The share price of National Energy Services Reunited Corp. (NASDAQ:NESR) surged by 17.14% between February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week. National Energy Services Reunited (NESR) Hits a New High Following Q4 2025 Results National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region. National Energy Services Reunited Corp. (NASDAQ:NESR) hit a new high after announcing its Q4 2025 re ...

Core Insights - The company has seen significant improvements in rig commitments and operational performance, indicating a recovery in the jackup market fundamentals, particularly in the Middle East and Mexico [1][5][20] Operational Performance - In Q4 2025, the company achieved a technical utilization rate of 98.8% and an economic utilization rate of 97.8%, with operational revenues totaling $259.4 million [2][6] - The adjusted EBITDA for Q4 was $105.4 million, bringing the full-year adjusted EBITDA to $470.1 million, which was at the top end of the guidance range [2][8] Fleet and Contracting - The company has expanded its fleet by acquiring five premium rigs from Noble, which are expected to enhance operational capabilities and support near-term opportunities [5][20] - As of now, the fleet coverage for 2026 stands at 64%, with the first half coverage at 80% due to new rig acquisitions and contract extensions [15][16] Market Outlook - The company anticipates a gradual recovery in day rates and earnings visibility into 2027, driven by increasing demand and a robust tender pipeline, particularly in the Middle East [6][20] - There are approximately 120 rig-years in the tender and pre-tender phase for opportunities commencing within the next 12 months, with expectations for awards by mid-2026 [16][29] Financial Position - The company reported a net loss of $1 million for Q4, with total operating expenses increasing to $192.1 million, primarily due to higher rig operating and maintenance costs [7][8] - Cash and cash equivalents as of December 31 were $379.7 million, with total liquidity of $613.7 million, providing a solid financial foundation for future operations [10][20] Customer Relationships - The company has secured several new contracts and extensions, including a two-year contract extension for the Njord in Mexico, highlighting strong customer relationships and operational reliability [12][14] - Improved payment terms with Pemex are expected to enhance cash flow stability moving into 2026 [50][51]

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $259.4 million, a decrease of $17.7 million or 6.4% from Q3 2025, primarily due to a $16 million decrease in day rate revenue [8] - Adjusted EBITDA for Q4 2025 was $105.4 million, bringing full year adjusted EBITDA to $470.1 million, which was at the top end of the guidance range [4][9] - The company recorded a net loss of $1 million for Q4 2025, while full year net income was $45 million, with a 7% decrease in adjusted EBITDA compared to 2024 [9][18] Business Line Data and Key Metrics Changes - Technical utilization for Q4 2025 was 98.8% and economic utilization was 97.8%, indicating strong operational performance [3] - The company secured new commitments for 7 rigs since the last quarterly report, with a focus on filling idle space in the 2026 schedule [13][16] Market Data and Key Metrics Changes - The jackup market utilization remains steady at approximately 90%, with expectations for market conditions to firm as tenders are awarded [6] - In the Middle East, multi-year tenders are in progress for an estimated 13 rigs, and Pemex announced a 34% year-on-year increase in upstream CapEx [5][6] Company Strategy and Development Direction - The company is focused on expanding its fleet and has acquired 5 premium rigs from Noble, which are expected to enhance operational flexibility and scale [6][19] - The strategy includes a mix of short and long-term contracts to optimize fleet utilization while being mindful of market conditions [49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of market fundamentals and expects improvements in the second half of 2026, with a clear recovery in day rates anticipated in 2027 [19] - The company is actively pursuing contracting opportunities and expects to secure commitments that will bring contract coverage above 70% [16][19] Other Important Information - Cash and cash equivalents as of December 31, 2025, were $379.7 million, with total liquidity of $613.7 million [11] - The company plans to return to the Oslo Stock Exchange with a full uplisting expected in the first half of 2026 [12] Q&A Session Summary Question: Outlook for idle rigs Sif and Freya - Management is confident about securing contracts for Sif in the coming months, while Freya may take longer, potentially by late 2026 or early 2027 [22][23] Question: Achievability of EBITDA consensus of $440 million - Management indicated that while it is early for formal guidance, the outlook for 2026 suggests a pathway to achieve activity levels modestly higher than 2025 [24][26] Question: Market conditions in the Middle East - Management noted that tenders from Aramco and KOC are in progress, with awards expected around mid-year, which could tighten the market [31][32] Question: Potential for further acquisitions - Management stated that while they are open to M&A opportunities, they are selective and focused on complementary assets rather than individual rigs [39] Question: Rate development trajectory - Management anticipates that higher activity levels will start impacting bidding levels in Q3 2026, following the conclusion of current tenders [45][46] Question: Contracting strategy - Management aims for a mix of short and long-term contracts, with flexibility based on market conditions and specific tender requirements [49][50]

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $259.4 million, a decrease of $17.7 million or 6.4% from Q3 2025, primarily due to a $16 million decrease in day rate revenue [8][9] - Adjusted EBITDA for Q4 2025 was $105.4 million, bringing full year adjusted EBITDA to $470.1 million, which was at the top end of the guidance range [4][9] - The company recorded a net loss of $1 million for Q4 2025, while full year net income was $45 million, representing a 7% decrease compared to 2024 [9][10] Business Line Data and Key Metrics Changes - Technical utilization for Q4 2025 was 98.8% and economic utilization was 97.8%, indicating strong operational performance [3] - The company secured new commitments for seven rigs since the last quarterly report, enhancing fleet contract visibility [4][13] Market Data and Key Metrics Changes - In the Middle East, multi-year tenders are in progress for an estimated 13 rigs, with Pemex announcing a 34% year-on-year increase in upstream CapEx [5][6] - Overall jackup market utilization remains steady at approximately 90%, with expectations for market conditions to firm as tenders are awarded [6] Company Strategy and Development Direction - The company believes the jackup market has bottomed out and anticipates gradual recovery in fundamentals as demand increases [4] - The company plans to return to the Oslo Stock Exchange through a listing on Euronext Growth, with a full uplisting to the main list expected in the first half of 2026 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving market dynamics in the second half of 2026, with expectations for a recovery in day rates and earnings visibility into 2027 [7][19] - The company highlighted the importance of filling idle space in the 2026 schedule while positioning the fleet to capitalize on improving market conditions [13][16] Other Important Information - The company completed a five-rig acquisition from Noble, which is expected to be immediately accretive to adjusted EBITDA and reduce debt per rig [19] - Cash and cash equivalents as of December 31, 2025, were $379.7 million, with total liquidity of $613.7 million [11] Q&A Session Summary Question: Outlook for idle rigs Sif and Freyja - Management is confident about securing contracts for Sif in the coming months, while Freyja may take longer to find work [22][23] Question: Achievability of EBITDA consensus of $440 million - Management indicated that while it is early for formal guidance, the outlook for 2026 suggests a pathway to achieve activity levels modestly higher than 2025 [24][25][26] Question: Middle East tender timeline - Management expects major tenders from Aramco and KOC to be awarded around mid-year, which could tighten the market [31][32] Question: Strategy for contract lengths - Management aims for a mix of short and long-term contracts, focusing on securing a baseline of backlog while being flexible with contract durations based on market conditions [47][49] Question: Payment normalization from Pemex - Management reported improved payment terms with Pemex, with expectations for continued normalization into 2026 [56][57] Question: Market dynamics and day rates - Management noted that day rates have been stable, with expectations for improvement following the awarding of tenders in the Middle East [42][45]

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $259.4 million, a decrease of $17.7 million or 6.4% from Q3 2025, primarily due to a $16 million decrease in day rate revenue [8][9] - Adjusted EBITDA for Q4 2025 was $105.4 million, bringing full-year adjusted EBITDA to $470.1 million, which was at the top end of the guidance range [4][9] - The company recorded a net loss of $1 million for Q4 2025, while full-year net income was $45 million, with adjusted EBITDA decreasing by 7% compared to 2024 [9][10] Business Line Data and Key Metrics Changes - Technical utilization for the fleet was 98.8% and economic utilization was 97.8% in Q4 2025 [3] - The company secured new commitments for 7 rigs since the last quarterly report, with expectations for further coverage gains in the coming months [4][13] Market Data and Key Metrics Changes - In the Middle East, multi-year tenders are in progress for an estimated 13 rigs, and Pemex announced a 34% year-on-year increase in upstream CapEx [5] - Overall jackup market utilization remains steady at approximately 90%, with expectations for market conditions to firm as tenders are awarded [5] Company Strategy and Development Direction - The company believes the jackup market has bottomed out and sees gradual recovery in fundamentals as demand increases [4] - The company plans to return to the Oslo Stock Exchange through a listing on Euronext Growth, with a full uplisting to the main list expected in the first half of 2026 [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the tendering pipeline, indicating that significant awards are expected by mid-2026, which could lead to improved market conditions [18][34] - The company anticipates that market conditions will continue to improve through the second half of 2026, with a clear recovery in day rates expected in 2027 and beyond [20] Other Important Information - Cash and cash equivalents as of December 31, 2025, were $379.7 million, with total liquidity of $613.7 million [11] - The company completed an equity offering raising gross proceeds of $84 million and an additional bond offering of $165 million [11][12] Q&A Session Summary Question: Outlook for idle rigs Sif and Freya - Management is confident that Sif will secure a contract in the coming months, while Freya may take longer, potentially going to work in late 2026 or early 2027 [22][24] Question: Thoughts on EBITDA for 2026 - Management indicated that while it is early for formal guidance, the outlook for 2026 suggests a modest increase in contracting days compared to 2025 [25][27] Question: Status of tenders in the Middle East - Management confirmed that major tenders from Aramco and KOC are in progress, with awards expected around mid-year [32][34] Question: Potential for further rig acquisitions - Management stated that while they are open to M&A opportunities, they are focused on complementary acquisitions rather than growth for its own sake [39][40] Question: Rate development trajectory - Management expects that higher activity levels will start impacting bidding levels in Q3 2026, following the awarding of tenders [46][47] Question: Contracting strategy for the fleet - Management emphasized the importance of a mix of short and long-term contracts, with flexibility based on market conditions [50][51] Question: Current status of rigs without contracts - Management indicated that rigs like Var and Freya may take longer to secure contracts, with a focus on developments in the Middle East as a potential catalyst [66]

Tenaris (NYSE:TS) Q4 2025 Earnings call February 19, 2026 07:30 AM ET Company ParticipantsCarlos Gómez Álzaga - CFOGabriel Podskubka - COOGiovanni Sardagna - Investor Relations OfficerGuillermo Moreno - President, U.S. OperationsPaolo Rocca - Chairman and CEOConference Call ParticipantsAlessandro Pozzi - Senior Equity Research AnalystArun Jayaram - Senior Equity Research AnalystJamie Franklin - VP of Energy Equity Research and Senior AnalystKévin Roger - Head of Energy Equipment & Services and Senior Equity ...

السلام عليكم جميعا مجددا وعودا حميدا اتمنى ان اخذتوا استراحه لطيفه وصليت من الله خير ان شاء الله متحدثتنا اليوم تتكلم عن الموارد البشريه لان الموارد البشريه مش بس وظائف بل قصص بشريه تصنع النجاح ضيفتنا اليوم من اسره الرقيب الكريمه يمثلهم الاستاذه مي الفيحين السلام عليكم ا تشترون اغراض مكتبه من وين؟ طبعا طلاب الطالبات اللي قدام راحت عليكم من وين؟ وبالصيف والحين اليوم ما شاء الله كان صيف تحتاجون نظارات شمسيه وين تروحون؟ حلو تاثون بيتكم من وين؟ طيب ممتاز ا بقول لكم مين انا انا شخصي وبدايتي بسيطه لا تعتقدون البد ...

شكرا الاستاذه اغاليد على الكلمات القيمه والتجربه المث اما الان ضيفنا اليوم ترك اكبر شركه نفطيه ترك رامكو عشان العمل داخل شركه عائليه قصه ملهمه مع الملهم الاستاذ احمد الفنيس >> السلام عليكم اسعد الله صباحكم بكل خير شكرا على حسن الاستضافه ا ما شاء الله يعني طاقه شبابيه عظيمه في هذا المسرح انا اخوكم احمد الفنيس مدير الاتصالات المؤسسيه في مجموعه المجدوعي اليوم ما راح اتكلم ا كشركه عائليه راح اتكلم كشخص يعمل في شركه عائليه السبب انه قصه مريت فيها مثلكم الان بتمرون فيها واعتقد ان فيها دروس بتختصر عليكم مسافات اخط ...