05.08.25 First Quarter Earnings Conference Call CAUTIONARY STATEMENTS 2 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements about Occidental Petroleum Corporation's ("Occidental" or "Oxy") expectations, beliefs, plans or forecasts. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumption ...

OKLAHOMA CITY, May 7, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2025.FIRST QUARTER 2025 AND RECENT HIGHLIGHTS Averaged 24.4 MBoe/d of total equivalent production (oil production of 15.6 MBbls/d) Generated $50 million of operating cash flow or $56 million before changes in working capital(1), $36 million of Total Free Cash Flow(1) and $39 million of Upstre ...

IAMGOLD (IAG) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Thank you for standing by. This is the conference operator. Welcome to the IAMGOLD First Quarter twenty twenty five Operating and Financial Results Conference Call and Webcast. As a reminder today, all participants are in listen only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Graham Jennings, VP, Investor Relati ...

Financial Performance - Revenue for Q1 2025 was $356 million, a decrease of $32 million compared to Q1 2024 [15] - Adjusted EBITDA for Q1 2025 was $17 million, a decrease of $35 million compared to Q1 2024 [15] - Adjusted Free Cash Flow generation was $10 million, an increase of $26 million from Q1 2024 [15] - The company is providing Adjusted EBITDA guidance of $175-$185 million and Adjusted Free Cash Flow guidance of $5-$15 million for 2025 [15] Segment Performance - Cellulose Specialties net sales were $201 million in Q1 2025 [16] - Cellulose Commodities net sales were $75 million in Q1 2025 [22] - Biomaterials net sales were $7 million in Q1 2025 [28] - Paperboard net sales decreased by $4 million, driven by a 4% decline in sales prices and a 3% decline in sales volumes [38] - High-Yield Pulp net sales decreased by $3 million, driven by a 7% decrease in sales prices and a 4% decrease in sales volumes [43] Capital Structure and Liquidity - Adjusted Net Debt was $653 million, a $90 million reduction from Q1 2024 [50] - Net Secured Debt was $624 million, a $97 million reduction from Q1 2024 [50] - Total liquidity was $272 million, including $130 million of cash [48, 50] Tariff Impact and Mitigation - The company faces tariff exposure on Cellulose Specialties (~$160 million revenue), Cellulose Commodities (~$85 million revenue), and Paperboard (~$175 million revenue) [57] - Mitigation strategies include customer advocacy, market diversification, and operational adjustments [52, 56]

Core Viewpoint - WW International, Inc. is expected to announce a significant reduction in debt obligations through an agreement with lenders and noteholders, leading to a voluntary prepackaged filing under Chapter 11 of the U.S. Bankruptcy Code [1] Company Overview - WW International, Inc. is recognized as the global leader in science-backed weight management, offering a holistic model of care through its Points® Program, clinical interventions, and community support [2] - The company has been empowering millions of members since 1963 to build healthy habits and sustain their weight management goals [2]

Financial Data and Key Metrics Changes - Cotera Energy reported pre-hedge revenues of $2 billion, up from $1.4 billion in the previous quarter, with a significant increase in natural gas price realizations contributing to this growth [19] - The company generated net income of $516 million or $0.68 per share, and adjusted net income of $608 million or $0.80 per share [19] - Discretionary cash flow for the quarter was $1.135 billion, significantly up from $776 million in the prior quarter, while free cash flow was $663 million after cash capital expenditures [19] Business Line Data and Key Metrics Changes - Oil production was approximately 2% above the midpoint of guidance, while natural gas production exceeded the high end of guidance [18] - The company reported net turn-in lines of 37 in the Permian, below the guidance midpoint of 40, and zero in the Marcellus as expected [18] - The first quarter included just over two months of results from the recently acquired assets from Franklin Mountain and Avant, which performed in line with or slightly better than expectations [18] Market Data and Key Metrics Changes - The company is experiencing a modest pullback in activity in the Permian Basin while incrementally increasing activity in the Marcellus Shale, resulting in a projected $100 million reduction in 2025 CapEx [9][10] - The outlook for natural gas remains constructive, prompting the company to maintain a second rig in the Marcellus into the second half of 2025 [22] - The company expects to deliver over 1 trillion cubic feet of gas on an annualized basis, providing significant leverage to higher natural gas prices [24] Company Strategy and Development Direction - Cotera Energy emphasizes flexibility in capital allocation, describing its approach as a "guided missile" that can adjust to changing market conditions [11] - The company is committed to debt reduction, particularly focusing on a $1 billion term loan executed in conjunction with recent acquisitions [12] - The company aims to maintain a low reinvestment rate while generating significant free cash flow through various commodity price scenarios [24] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns regarding the oil outlook but remains optimistic about natural gas, indicating a cautious approach to capital spending [9][10] - The company is prepared for potential market volatility and is focused on maintaining a strong balance sheet to navigate through economic uncertainties [12][27] - Management believes that the current operational issues are mechanical and solvable, with a focus on restoring production levels in the affected areas [46][49] Other Important Information - The company announced a quarterly dividend of $0.22 per share, maintaining one of the highest yielding base dividends in the industry at over 3.4% [26] - Cotera Energy repaid $250 million of outstanding term loans during the first quarter and ended the quarter with a cash balance of $186 million [26] - The company is focused on optimizing its investment allocation while lowering the capital range for 2025 by $100 million [22] Q&A Session Summary Question: What is the status of the Harkie shale issues? - Management confirmed that the issues are related to cementing and are temporary, with remediation steps underway to resolve the problem [41][46] Question: How does the change in activity impact future development plans? - Management stated that the three-year plan remains intact and does not foresee any significant changes to long-term inventory due to the current issues [42][45] Question: What are the priorities for the Marcellus plan for the balance of the year? - Management indicated that the Marcellus program is expected to return to a growth profile, with improvements in capital efficiency and a focus on long lateral projects [77] Question: How does the company prioritize between buybacks and debt reduction? - Management emphasized that debt repayment will be the priority in 2025, while buybacks will be opportunistic and back-end weighted [66][68] Question: What is the expected ramp in production for the second half of the year? - Management confirmed that the guidance does not rely on the return of Harkie volumes, but they anticipate significant production growth in the latter half of the year [83][84]

Coterra Energy (CTRA) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Daniel Guffey - Vice President of Finance, Planning & Analysis and Investor RelationsThomas Jorden - CEO, President & ChairmanShane Young - EVP & CFOBlake Sirgo - Senior Vice President of OperationsBetty Jiang - Managing DirectorMichael Deshazer - Senior Vice President of Business UnitsJosh Silverstein - Managing DirectorMatthew Portillo - Partner & Head of ResearchDerrick Whitfield - Managing DirectorKevin MacCurdy - ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated $274 million of EBITDA, representing a 3% year-over-year increase, driven by higher gathering and processing volumes, with processing volumes setting a record at 1.65 Bcf per day [12][13] - Free cash flow after dividends was $79 million, a 7% increase year-over-year, marking the eleventh consecutive quarter of positive free cash flow after dividends [13] - Leverage declined to approximately 2.9 times as of March 31, 2025, indicating improved financial health [13][14] Business Line Data and Key Metrics Changes - The company reported an increase in gathering and processing volumes, with expectations for low to mid single-digit year-over-year growth in gathering volumes for 2025 compared to 2024 [12] - The capital expenditures as a percentage of EBITDA stood at 17%, showcasing the company's capital efficiency compared to peers in the midstream industry [14] Market Data and Key Metrics Changes - The Appalachian region has seen a surge in natural gas demand, particularly for power generation and data centers, with expectations for significant gas supply requirements for decades to come [8][10] - The percentage of data centers expected to be powered by natural gas increased from 50% to 70%, indicating a growing market opportunity [10] Company Strategy and Development Direction - The company is focused on capital efficiency and returning capital to shareholders, with plans to allocate approximately 65% of its EBITDA for dividends, debt reduction, and share repurchases [14][15] - The strategy includes a flexible capital allocation approach to direct funds to the highest return opportunities, with a focus on maintaining low debt levels [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for natural gas demand, particularly in the context of data centers and industrial uses in the Appalachian region [21][22] - The company is well-positioned to capitalize on growth opportunities due to its significant infrastructure and investment-grade upstream counterparties [9][10] Other Important Information - The company has achieved substantial reuse savings from compressor station projects, totaling approximately $30 million at the Torrey's Peak station and over $50 million across three stations [6] - The company has secured materials and pricing for pipelines through 2026, mitigating potential impacts from tariffs and macroeconomic factors [7] Q&A Session Summary Question: Potential for in-basin demand growth - Management noted ongoing discussions about local power demand, particularly for data centers, and expressed confidence in the company's infrastructure to support this growth [21][22] Question: Outlook for propane and risk mitigation strategy - Management reiterated confidence in the long-term outlook for propane, emphasizing its unique position in the residential and commercial markets [23][26] Question: Joint venture outlook and liquid-rich production - Management indicated comfort with current production levels and noted that future evaluations would depend on market prices and long-term outlooks [27][29] Question: Data centers commercialization and AM's benefits - Management stated that conversations are ongoing regarding infrastructure build-out to meet demand, but specifics are still early [34] Question: Capital allocation strategy and M&A opportunities - Management confirmed a continued focus on debt reduction and share buybacks while remaining open to strategic M&A opportunities [35][36] Question: LPG market impact on AM's volumes - Management indicated that current natural gas prices would not significantly impact production levels, maintaining a stable operational approach [40][41] Question: Cost optimization strategies - Management acknowledged potential opportunities for cost optimization but noted that discussions are still in early stages [42][43] Question: Water service expectations - Management confirmed expectations to service 70 to 75 wells as previously guided, anticipating similar volumes in Q2 [46]

Financial Data and Key Metrics Changes - The company reported production of 3.4 Bcfe per day, aligning with guidance, and generated $337 million in free cash flow, benefiting from strong natural gas and NGL premiums [22][23] - Drilling and completion capital was $157 million, representing 23% of the full-year guidance [22] - Total debt was reduced by over $200 million during the first quarter, with a total debt of $1.3 billion, the lowest among peers [23][26] Business Line Data and Key Metrics Changes - The average completed feet per day increased by 15% to 2,452 feet compared to 2023 [5] - The company averaged 12.3 completion stages per day, with a record of 18 stages achieved in March [6] - The NGL pricing outlook remains strong, with a projected premium of $1.5 to $2.5 per barrel to Mont Belvieu, an improvement from $1.41 in 2024 [10] Market Data and Key Metrics Changes - U.S. propane exports are at record high levels, 7% above the previous year, indicating no impact on U.S. propane demand [16] - The faster-than-expected ramp-up at the Venture Global Plaquemines LNG facility has led to higher demand and pricing along the TGP 500 L transport [18] - The global LPG market is expected to adjust trade patterns, with increased U.S. LPG volumes heading to Europe and Asia [14] Company Strategy and Development Direction - The company is focused on maintaining a lean program with just two rigs and one completion crew to sustain production levels [7] - Antero is positioned to benefit from both LNG export growth and regional power demand through data center expansions [20] - The company has a strong organic leasing program, adding locations at low costs, and sees no immediate need for M&A [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of the business, highlighting the ability to pivot between share buybacks and debt reduction based on market conditions [23][24] - The company remains bullish on natural gas demand growth, citing low rig counts and muted associated gas growth from other basins [89] - Management noted that local demand would need to increase significantly for the company to consider growing production beyond maintenance capital [60] Other Important Information - The company has hedged approximately 9% of expected natural gas volumes through 2026, locking in attractive rates [8] - Antero's capital efficiency is highlighted by the lowest maintenance capital per Mcfe among peers at $0.54 [24] Q&A Session Summary Question: Clarification on LPG marketing agreements - The 90% figure refers to export volumes, with domestic sales also locked in at a high level [30] Question: Thoughts on M&A opportunities in U.S. shale - The company has a strong organic leasing program and sees no immediate need for M&A unless it is opportunistic and accretive [36] Question: Buyback strategy and future plans - The company is adopting a flexible approach, balancing between debt reduction and share buybacks based on market conditions [40][70] Question: Hedging strategy for 2026 - The company remains bullish and plans to continue hedging opportunistically while capturing premium pricing [46] Question: In-basin demand and local pricing dynamics - The company is focused on maintaining pricing based on NYMEX Henry Hub and is cautious about committing to local basis pricing without strong demand [84]

Financial Data and Key Metrics Changes - The company reported production of 3.4 Bcfe per day, aligning with guidance [21] - Free cash flow generated was $337 million, benefiting from strong natural gas and NGL premiums [21] - Total debt was reduced by over $200 million during the first quarter, with total debt at $1.3 billion, the lowest among peers [22][25] Business Line Data and Key Metrics Changes - Completed feet per day increased to an average of 2,452 feet, a 15% increase from 2023 [4] - Average completion stages per day reached 12.3, with a record of 18 stages achieved in March [5] - The company hedged approximately 9% of expected natural gas volumes through 2026 with new collars locking in a floor price of $3.7 and a ceiling of $5.96 [6] Market Data and Key Metrics Changes - Antero's NGL pricing outlook remains strong, with guidance for a $1.5 to $2.5 per barrel premium to Mont Belvieu, an improvement from $1.41 in 2024 [8] - U.S. propane exports are at record high levels, 7% above the previous year [15] - The faster-than-expected ramp-up at the Venture Global Plaquemines LNG facility has led to higher demand and pricing along the TGP 500 L transport [16] Company Strategy and Development Direction - The company is focused on organic growth through a strong leasing program, with no immediate need for M&A due to substantial inventory and low-cost production [32] - Antero is uniquely positioned to benefit from both LNG export growth and regional power demand through data center expansions [20] - The company plans to maintain a flexible approach between share buybacks and debt reduction based on market conditions [22][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the natural gas demand growth, citing low rig counts and muted associated gas growth from the Permian [90] - The company is pursuing a maintenance capital plan to maximize returns while monitoring local demand for potential growth opportunities [78] - Management highlighted the importance of local demand in driving future production growth, emphasizing the need for substantial demand before increasing volumes [58] Other Important Information - The company has entered into firm sales agreements on 90% of LPG volumes for 2025 at double-digit premiums to Mont Belvieu [9] - Antero's marketing strategy limits the impact of tariffs, with minimal exposure to the Chinese market [11][12] Q&A Session Summary Question: Clarification on LPG marketing agreements - The 90% figure refers to export volumes, with domestic sales also locked in at a high percentage [28] Question: Thoughts on M&A opportunities in U.S. shale - The company has a strong organic leasing program and sees no immediate need for M&A, although it remains open to opportunistic deals [32] Question: Buyback strategy and future plans - The company is adopting a flexible approach to capital allocation, balancing between debt reduction and share buybacks based on market conditions [68] Question: Hedging strategy for 2026 - The company remains bullish and plans to continue hedging, with no significant changes to the strategy anticipated [42] Question: In-basin demand and local pricing dynamics - The company is focused on maintaining pricing linked to NYMEX Henry Hub and is cautious about committing to local basis pricing without substantial demand [84]