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 ...

HOUSTON, May 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the  "Company") announced today its financial and operating results for the three months ended March 31, 2025.Highlights First quarter 2025 net income of $4.6 million, adjusted EBITDA of $57.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.5 million Raised $250 million of additional 8.625% Senior Secured Second Lien Notes Due 2029 at an issue price of 103.375% Comp ...

Reported first-quarter 2025 Net income attributable to limited partners of $301.8 million, generating first-quarter Adjusted EBITDA(1) of $593.6 million. Reported first-quarter 2025 Cash flows provided by operating activities of $530.8 million, generating first-quarter Free Cash Flow(1) of $399.4 million. Announced a first-quarter distribution of $0.910 per unit, which is 4-percent higher than the prior quarter's distribution, or $3.64 per unit on an annualized basis, and in-line with prior management comm ...

CALGARY, AB, May 7, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2025.The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2025 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.sh ...

Chord Energy (CHRD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Bob Bakanauskas - VP - Investor RelationsDaniel Brown - President, CEO & DirectorDarrin Henke - Executive VP & COORichard Robuck - Executive VP, CFO & TreasurerOliver Huang - DirectorNoah Hungness - Equity Research AssociateDerrick Whitfield - Managing DirectorJosh Silverstein - Managing DirectorGeoff Jay - PartnerNoel Parks - Managing Director - Energy ResearchMichael Lou - Executive VP, Chief Strategy Officer & Chief C ...

Financial Data and Key Metrics Changes - Chord Energy reported adjusted free cash flow for Q1 2025 of approximately $291 million, maintaining shareholder returns at 100% of free cash flow for the second consecutive quarter [6][28] - The company repurchased $216.5 million worth of shares during the quarter, reducing its share count by approximately 9% since the Enerplus transaction [6][28] - Leverage remained unchanged at about 0.3 times, indicating strong balance sheet strength [7][9] Business Line Data and Key Metrics Changes - First quarter oil volumes exceeded guidance, reflecting strong execution and well performance [5] - Operating expenses were lower than expected, contributing to improved cost structure [5] - The company plans to reduce its frac crew count from two to one by early June, allowing for a more flexible operational approach [10][11] Market Data and Key Metrics Changes - Oil differentials averaged $2.3 below WTI in Q1, slightly weakening from the previous quarter but within guidance [29] - Natural gas realizations were 63%, above the top end of guidance, benefiting from strong regional prices [29] - Production taxes averaged 6.8% of commodity sales in Q1, below expectations, primarily due to a non-recurring refund for stripper wells [30] Company Strategy and Development Direction - The company is focused on increasing free cash flow through cost control and operational efficiencies, targeting approximately $3 billion in controllable costs [12] - Chord Energy aims to convert over 80% of its inventory to long laterals, which are expected to enhance economic returns and lower breakeven pricing [14][15] - The company is committed to sustainability initiatives, planning to publish an updated sustainability report later in the year [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a deteriorating pricing outlook and increased volatility but expressed confidence in the company's operational and financial flexibility [7][8] - The company has a strong foundation and significant flexibility to adjust operations as needed, built around modest mid-cycle oil price expectations [17] - Management emphasized the importance of continuous improvement and innovation to enhance capital productivity and margins [15][16] Other Important Information - The company successfully drilled and completed its first four-mile lateral well, achieving lower costs and encouraging initial production results [20][21] - A $30 million reduction in full-year capital guidance was announced, reflecting program efficiencies without impacting production targets [19][30] Q&A Session Summary Question: Activity levels and frac crew decisions for 2026 - Management indicated that the decision to bring back a second frac crew will depend on various factors, including oil prices and capital allocation opportunities [36][37] Question: Transition to four-mile laterals - Management expressed confidence in moving to a four-mile lateral program quickly, contingent on operational success and permitting processes [40][41] Question: Oil production cadence for Q3 and Q4 - Management anticipates a decline in oil production as the company reduces activity, with a potential recovery in 2026 if conditions improve [44][45] Question: Confidence in increasing four-mile lateral wells - Positive operational results from initial four-mile wells have led to increased confidence in expanding the program [48][50] Question: Maintenance capital and growth sustainability - Management indicated that maintaining production levels would require a specific crew count, with capital implications for future growth [55][56] Question: Marketing contracts and cost reduction opportunities - Management highlighted opportunities to renegotiate marketing contracts and improve operational efficiencies to lower cash costs [60][62] Question: Addressable market for four-mile laterals - Management discussed the potential for expanding inventory and improving breakeven costs through the adoption of longer laterals [66][68] Question: M&A activity and market conditions - Management noted that rapid price movements create challenges for M&A transactions, emphasizing the need for price stability [77][78]

Voya Financial (VOYA) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good morning. Welcome to Voya Financial's First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the call over to May Nie Chew, Head of Investor Relations. Please go ahead. Speaker1 Good morning and thank you for joining us for Voya Financial's first quarter twenty twenty five earnings conference call. As a remind ...

Financial Data and Key Metrics Changes - The company reported net cash provided by operating activities before changes in working capital of approximately $207 million during the first quarter, exceeding capital expenditures despite a capital program that is roughly 75% weighted to the first half of 2025 [12][15] - Adjusted EBITDA for the quarter was approximately $218 million, with adjusted free cash flow of $36.6 million, supported by strong realized pricing and GAAP differentials better than expectations [12][13] - The average realized price for the first quarter was $4.11 per Mcfe, which is $0.45 or 12% above the NYMEX Henry Hub index price, highlighting the benefits of the company's diverse marketing portfolio [14][15] Business Line Data and Key Metrics Changes - Average daily production totaled 929 million cubic feet equivalent per day, aligning with company expectations and on track to meet full year production guidance of 1.04 to 1.065 billion cubic feet equivalent per day [6] - The company completed drilling on 13 gross wells in Ohio during the first quarter, with seven targeting Ohio Utica, four targeting Ohio Marcellus, and two in the SCOOP targeting the Woodford [7] - The company achieved a 28% improvement in footage drilled per day compared to full year 2024, with average spud to rig release days decreasing by over 30% [10] Market Data and Key Metrics Changes - The company is optimistic about opportunities to increase its leasehold footprint, particularly in dry gas and wet gas areas, while remaining cautious about market volatility [7][28] - The natural gas price differential before hedges was an $0.08 per Mcf premium to the average daily NYMEX settled price during the quarter, ahead of analyst consensus expectations [15] Company Strategy and Development Direction - The company plans to shift capital allocation towards natural gas drilling in the second half of 2025, reaffirming full year guidance driven by a forecasted 20% growth in natural gas volumes by the fourth quarter of 2025 [5][11] - The company is focused on maintaining an attractive balance sheet, generating significant free cash flow, and executing a robust shareholder return program [5][11] - The company is committed to developing assets responsibly and allocating capital to the highest value opportunities, with a focus on operational efficiencies [6][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on a strengthening commodity environment as it enters 2026, improving free cash flow generation and prioritizing capital returns to shareholders [11][16] - The macro environment for natural gas is viewed positively, with expectations for a constructive setup for gas-weighted areas in the portfolio [37][60] Other Important Information - The company repurchased 341,000 shares of common stock for approximately $60 million during the first quarter, with a total of approximately 5.9 million shares repurchased since the inception of the program [16][17] - The company has approximately $356 million available under its $1 billion share repurchase program and plans to return substantially all adjusted free cash flow to shareholders through common stock repurchases [17] Q&A Session Summary Question: Concerns about front-loaded capital program and production decline - Management acknowledged the planned lower volumes in the first quarter and emphasized the shift towards dry gas to stabilize production levels and accelerate cash flows moving forward [21][22] Question: Opportunities in dry gas and wet gas markets - Management indicated a focus on high cash flow opportunities in dry gas and wet gas areas, while remaining cautious about market volatility and ensuring any acquisitions are attractive [26][28] Question: Outperformance of the cage pad compared to the lake pad - Management attributed the outperformance to improved frac design, effective cluster spacing, and better understanding of reservoir dynamics [32][34] Question: Future growth expectations for 2026 - Management noted that while specific guidance for 2026 is not provided, the macro environment for gas is favorable, and the company is shifting towards a more gas-weighted program [37][38] Question: Drilling efficiencies and CapEx guidance - Management confirmed that current efficiencies are modeled into the 2025 CapEx guidance, with potential for further improvements [42][51] Question: Interest in the Borealis pipeline expansion - Management stated that they assess projects like the Borealis pipeline on a netback basis and are open to opportunities that improve netbacks [44][46] Question: Pivot to dry gas Utica acreage - Management explained that the decision to pivot was based on maximizing returns and favorable macro conditions for gas, while still recognizing the economic viability of Marcellus condensate wells [58][60] Question: Changes in hedging strategy with increased liquids exposure - Management indicated that the hedging strategy remains consistent, focusing on protecting downside while maintaining flexibility in decision-making [61][62]

Diebold Nixdorf (DBD) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Christopher Sikora - Vice President of Business Finance OperationsOctavio Marquez - President & CEOThomas Timko - EVP & CFOJustin Ages - Director - Equity Research Conference Call Participants Matt Bryson - AnalystMatt Summerville - Managing Director & Senior Research Analyst Operator Hello, good day, and welcome to Diebold Nextdoor's First Quarter twenty twenty five Earnings Call. My name is Kate, and I'll be coordina ...

Diebold Nixdorf (DBD) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Hello, good day, and welcome to Diebold Nextdoor's First Quarter twenty twenty five Earnings Call. My name is Kate, and I'll be coordinating today's call. Following your speakers' remarks, there will be a question and answer session. I'd now like to turn the call over to our host, Chris Sicora, Vice President of Investor Relations. Chris, please go ahead. Speaker1 Hello, everyone, and welcome to our first quarter twenty twenty fiv ...