Noble (NYSE:NE) Q4 2025 Earnings call February 12, 2026 09:00 AM ET Company ParticipantsBen Summers - Equity Research AssociateEddie Kim - VP of Equity ResearchFredrik Stene - Head of ResearchIan Macpherson - SVP of Investor RelationsRichard Barker - CFORobert Eifler - CEOScott Gruber - DirectorConference Call ParticipantsArun Jayaram - Research AnalystKeith Beckman - AnalystOperatorThank you for standing by. My name is Carrie, and I'll be your conference operator today. At this time, I would like to welcom ...

Noble (NYSE:NE) Q4 2025 Earnings call February 12, 2026 09:00 AM ET Company ParticipantsBen Summers - Equity Research AssociateEddie Kim - VP of Equity ResearchFredrik Stene - Head of ResearchIan Macpherson - SVP of Investor RelationsRichard Barker - CFORobert Eifler - CEOScott Gruber - DirectorConference Call ParticipantsArun Jayaram - Research AnalystKeith Beckman - AnalystOperatorThank you for standing by. My name is Carrie, and I'll be your conference operator today. At this time, I would like to welcom ...

Core Viewpoint - Shares are reaching record highs despite analysts reducing profit forecasts, which increases pressure on Exxon to demonstrate its ability to achieve long-term growth [1] Group 1 - Analysts are trimming profit forecasts for Exxon, indicating potential concerns about future earnings [1] - The current high share prices create expectations for the company to provide a clear strategy for sustainable growth [1]

Passive investors looking to take on a more contrarian position may wish to consider some of the sectors that most investors may be ignoring as the rise of the artificial intelligence (AI) boom continues. Undoubtedly, there's more to this market than just AI or agents! Indeed, valuations on various AI stocks have been getting frothy. And while there may be no AI bubble on the verge of bursting, one has to think that a market correction would likely see the tech sector take on amplified damage. The fastest ...

Chevron Corporation (NYSE:CVX) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer ended his game plan with the oil plays, as he commented: We also have two oils: Chevron and Exxon. Both throw off a lot of cash. I like Chevron, with its big buyback and its 4% yield. It’s been my favorite for a very long time because it’s so darn consistent. And now you have a possible Venezuela kicker as they’re doing business there right now, all through this regime, and they know what needs t ...

As filed with the U.S. Securities and Exchange Commission on December 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EUPEC International Group Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 1389 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...

Final trade time, [music] Tim. Uh, >> good having you, Chris. JP Morgan, I think that's weakness.You're buying from the best of the breed, >> Chris. >> Well, I'll stick with the banks, but how about KRE. The regionals that I think benefit with a [music] steeper curve, >> Dan.>> Yeah. If Exxon looks like it's ready to party, I think you buy the XLE >> guy. >> You know, Strategus [music] is in fact a correct.>> Yeah. Harmony HMY. >> Thank you for watching Fast Funny.See [music] you back here tomorrow. Mad Mon ...

Group 1 - JP Morgan is perceived to be experiencing weakness in the current market environment [1] - There is a suggestion to focus on regional banks that may benefit from a steeper yield curve [1] - ExxonMobil is indicated to be in a favorable position, with a recommendation to buy into the Energy Select Sector SPDR Fund (XLE) [1]

Summary of Standard Lithium and Lithium Royalty Corp Conference Call Company and Industry Overview - **Companies Involved**: Standard Lithium (NYSEAM:SLI) and Lithium Royalty Corp - **Industry Focus**: Lithium and battery materials, particularly for electric vehicles (EVs) and energy storage systems (ESS) Key Points from the Conference Call Standard Lithium Overview - Standard Lithium is a near-commercial lithium company focused on sustainable development of high-grade lithium-ion properties in the U.S. [2] - The company is advancing its Southwest Arkansas project, a $1.5 billion initiative aiming for 22,500 tons of lithium carbonate production, with a target completion date of 2028 [6][7]. Lithium Royalty Corp Overview - Lithium Royalty Corp was established in 2018 and has a portfolio of 37 royalties globally, with a focus on lithium projects [3][4]. - The company raised $150 million during its IPO in March 2023, marking it as the only IPO on the TSX that year [3]. Demand and Market Trends - Lithium demand is projected to grow by 25% in 2026, with potential for 30% growth driven by EVs and ESS [9][11]. - Key indicators for demand health include rising electrolyte prices and seasonal trends in EV sales [9][10]. - Energy storage is expected to account for approximately 27% of the lithium market by the end of the year, with growth rates of 50%-70% anticipated [10]. U.S. Market Dynamics - The U.S. government acknowledges its lag behind China in the battery supply chain and is working to address this issue [15][16]. - Permitting processes are a significant challenge for hard rock mining, but Standard Lithium's projects are on private lands, easing regulatory hurdles [17][18]. Industry Consolidation and Investment - Major energy companies like Equinor are actively involved in lithium projects, indicating a trend of consolidation in the industry [24][26]. - There is a recognition that large public companies are managing cyclical commodity businesses, leading to cost-cutting measures during downturns [28]. Project Milestones and Future Plans - Standard Lithium is finalizing its definitive feasibility study and is in discussions for debt financing and offtake agreements [30][31]. - The company aims to expand production to approximately 150,000 tons per year by 2035, with projects in both Arkansas and East Texas [32][33]. Pricing Trends and Long-term Outlook - Pricing for lithium is expected to be robust in 2026, with potential peak prices ranging from $2,000 to $6,000 per ton [42]. - Long-term pricing needs to be above $18,000 to $20,000 per ton to support new lithium projects [45]. - Standard Lithium maintains a competitive cost structure, with production costs under $6,000 per ton, allowing for resilience in volatile markets [47]. Conclusion - The conference highlighted the growing demand for lithium driven by EVs and energy storage, the strategic partnerships being formed in the industry, and the proactive steps being taken by companies like Standard Lithium to secure their position in the market. The focus on sustainable practices and government support for domestic supply chains is expected to play a crucial role in the future of the lithium industry.

Financial Data and Key Metrics Changes - In the third quarter of 2025, the company reported a profit of $40.3 million, or $0.18 per share, with an adjusted profit of $42.5 million, or $0.19 per share. This adjusted profit decreased by $37.8 million compared to the previous quarter, primarily due to a decline in time charter earnings from $283 million to $248 million [4][5] - Ship operating expenses increased by $3.1 million from the previous quarter, attributed to a decrease in supply rate and costs related to a change in ship management for seven LR2 tankers [5] - The company has strong liquidity with $819 million in cash and cash equivalents as of September 30, 2025, and no meaningful debt maturities until 2030 [6][7] Business Line Data and Key Metrics Changes - The company achieved $83,300 per day on VLCC fleet, $60,600 per day on Suezmax fleet, and $42,200 per day on LR2/Aframax fleet for the third quarter of 2025, showing significant increases compared to the previous year [3] - The average cash-based breakeven rates for the next 12 months are estimated at approximately $26,000 per day for VLCCs, $23,300 for Suezmax tankers, and $23,600 for LR2 tankers [8] Market Data and Key Metrics Changes - Oil in transit has reached record highs, with year-on-year increases in export volumes, particularly from the Americas and the Atlantic Basin [10] - The company noted logistical challenges around the trade of sanctioned export oil, which has been amplified by sanctions on companies like Lukoil and Rosneft [11] - The demand for compliant crudes, especially in the Middle East, has increased, leading to higher crude price levels [12] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet while generating cash flow, with a strategy that emphasizes efficient fleet management and capitalizing on market opportunities [6][20] - The management highlighted a shift back to a VLCC-centric trade pattern, driven by positive export numbers from Brazil, Guyana, and Canada [12][20] - The company is cautious about expanding its fleet due to the current market dynamics and is considering focusing on VLCCs for future growth [55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the tanker market, citing high utilization rates, strong oil exports, and limited growth in the compliant tanker fleet [20] - The company anticipates a prolonged period of tight physical shipping markets, with key fundamentals supporting continued demand [66] - Management acknowledged the volatility of the market but indicated that current conditions suggest a strong outlook for Q1 2026 [66] Other Important Information - The company has converted existing credit facilities into revolving reducing credit facilities, allowing for greater financial flexibility [7] - The average age of the fleet is seven years, consisting entirely of ECO vessels, with 56% fitted with scrubbers [7] Q&A Session Summary Question: Will the company focus on deleveraging the balance sheet while maintaining dividends? - Management indicated that they are different from peers and prefer not to operate with low loan-to-value ratios, focusing instead on generating cash quickly without aggressive debt reduction [24][25] Question: How do older ships become less efficient without being scrapped? - Management explained that older ships face high insurance costs and limited trading options, making them less efficient in the compliant oil market, which could lead to a wall of scrapping in the future [26][30] Question: What is the outlook for the dark fleet and its impact on the market? - Management noted an increase in vessels sitting idle and discussed potential solutions for recycling sanctioned vessels, indicating that the dark fleet's dynamics are complex and evolving [34][36] Question: How does the current market environment affect vessel demand? - Management highlighted that the current contango in oil pricing could extend trade lanes, positively impacting vessel demand, although they noted that floating storage is not currently a commercial strategy [41][62] Question: What is the outlook for Q1 2026 compared to Q4 2025? - Management expressed confidence that Q1 2026 could sustain strong rates due to favorable market conditions and key drivers that were not present in Q4 of the previous year [66]