Q2 2025 Revenue, Net Income, and Adjusted EBITDA Exceeded Guidance Simplification Continues with Sale of Graduate School USA, Redemption of All Preferred Equity, and Sale of Two Administrative Office Buildings CHARLES TOWN, W.V., Aug. 6, 2025 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI), a portfolio of education companies providing online and campus-based postsecondary education to over 105,000 students through three subsidiary institutions, has reported unaudited financial and operational ...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Q2 2025 Financial Highlights: VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. ("Doman" or "the Company") (TSX:DBM) announced today its second quarter 2025 financial results for the period ended June 30, 2025. For the three-month period ended June 30, 2025, consolidated revenues increased ...

Financial Performance & Metrics - TPL's 2Q 2025 total revenues reached $187.5 million [12] - Adjusted EBITDA for 2Q 2025 was $166.2 million, with an 89% margin [12] - Free cash flow for 2Q 2025 amounted to $130.1 million, representing a 69% margin [12] - The company held $544 million in cash and cash equivalents as of June 30, 2025, with no debt [28, 32] - FY 2024 Adjusted EBITDA was $611 million [26] - FY 2024 Free Cash Flow was $461 million [26] Operational Highlights - Oil and gas royalties contributed $95.0 million to the total revenue in 2Q 2025 [12] - Water sales generated $25.6 million in revenue during 2Q 2025 [12] - Produced water royalties amounted to $30.7 million in 2Q 2025 [12] - Easements and other surface income reached $36.2 million in 2Q 2025 [12] Assets and Strategy - TPL has approximately 874,000 surface acres located in the Permian Basin [28, 38] - The company has ~25,800 net royalty acres [28, 32] - TPL is focused on maximizing shareholder value through active management of surface and royalty interests [38]

Delek Logistics Partners operates as a master limited partnership, with pipeline networks and midstream infrastructure serving oil, gas, and water producers in the Permian Basin and related regions. Its core business revolves around gathering, processing, storing, transporting, and marketing hydrocarbons and water to both affiliate and third-party customers. Recently, the company has focused on expanding its asset footprint in the Delaware and Midland Basins, investing in new gas processing plants and integ ...

Core Insights - Assurant, Inc. (AIZ) reported a strong second-quarter 2025 net operating income of $5.56 per share, exceeding the Zacks Consensus Estimate by 25.5% and reflecting a year-over-year increase of 36.3% [1][11] - Total revenues rose 6.5% year over year to $3.1 billion, slightly surpassing estimates by 0.7% [2][11] - Adjusted EBITDA, excluding reportable catastrophes, increased 12.7% year over year to $415.8 million, also beating estimates [4][11] Revenue Breakdown - Net earned premiums, fees, and other income increased 5.9% year over year to $2.6 billion, driven by growth across both Global Lifestyle and Global Housing segments [2][5] - Global Housing revenues increased 10.2% year over year to $732 million, primarily due to higher net earned premiums and net investment income [5] - Global Lifestyle revenues rose 7.5% year over year to $2.4 billion, driven by higher net earned premiums, fees, and other income [7] Investment Income and Expenses - Net investment income increased 3.2% year over year to $128.7 million, supported by higher yields and assets in fixed maturity securities [3] - Total benefits, losses, and expenses rose 6.5% year over year to $2.9 billion, mainly due to higher policyholders' benefits and administrative expenses [3] Segment Performance - Adjusted EBITDA for Global Housing, excluding catastrophes, increased 18% year over year to $244.2 million, driven by growth in Homeowners [6] - Adjusted EBITDA for Global Lifestyle, excluding catastrophes, was $201.4 million, a 6% year-over-year increase, attributed to growth in Connected Living [8] - Corporate & Other segment reported an adjusted EBITDA loss of $29.8 million, wider than the previous year's loss [9] Financial Position - As of June 30, 2025, liquidity stood at $518 million, significantly above the targeted minimum level of $225 million [12] - Total assets increased 1.4% to nearly $36 billion, while total shareholders' equity rose 7.7% year over year to $5.5 billion [12] Share Repurchase and Dividends - In Q2, Assurant repurchased shares worth $62 million, with an additional $25 million repurchased from July 1 to August 1, 2025 [13] - Total dividends for the quarter amounted to $43 million [13] Guidance for 2025 - Assurant expects adjusted EBITDA, excluding reportable catastrophes, to grow in the mid-to-high single digits [14] - Adjusted earnings per diluted share, excluding reportable catastrophes, is anticipated to grow by 10% [15] - The company plans to return $250 to $300 million in share repurchases, reflecting a strong capital position [16]

Financial Performance - Total revenue for 2Q25 was $1645 million, an increase of 11.9% year-over-year[14, 18] - Adjusted EBITDA for 2Q25 was $170 million, a 38.9% increase year-over-year[14, 18] - Adjusted EBITDA margin for 2Q25 was 10.3%, a 200 bps expansion[14, 18] - For the first half of 2025, total revenue reached $3143 million, reflecting an 8.0% year-over-year growth[14] - Adjusted EBITDA for YTD 2Q25 was $268 million, up 22.9% year-over-year[14] - Adjusted EBITDA margin for YTD 2Q25 was 8.5%, a 100 bps increase[14] Operating Metrics - Admissions increased by 6.6% year-over-year in 2Q25[14, 26] - Adjusted admissions increased by 1.6% year-over-year in 2Q25 and 2.2% year-to-date[14, 16, 22] - Net patient service revenue per adjusted admission increased by 10.2% year-over-year[14, 25, 27] Payor Mix - Managed Care accounted for 44.7% of Net Patient Service Revenue in 2Q25, an increase of 80 bps year-over-year[29, 30] - Medicare accounted for 40.0% of Net Patient Service Revenue in 2Q25[29, 32] - Medicaid accounted for 10.7% of Net Patient Service Revenue in 2Q25[29, 33]

Financial Data and Key Metrics Changes - Same store RevPAR declined 3.6%, driven by a 3.3% decline in average daily rate [5][9] - Second quarter occupancy was 78%, representing the second highest nominal occupancy in the past five years [6] - Year-to-date operating expenses increased 1.5% on relatively flat occupancy, limiting EBITDA margin contraction to 160 basis points year over year [11][27] - Second quarter adjusted EBITDA was $50.9 million, and adjusted FFO was $32.7 million or $0.27 per share [27][33] Business Line Data and Key Metrics Changes - RevPAR index grew by nearly 150 basis points to 115%, with the NCI portfolio achieving a 114% index, reflecting successful revenue strategies [10] - Food and beverage revenues increased 93% due to re-concepting efforts and new fee implementations [24] - Contract labor costs declined by 13% on both a nominal and per occupied room basis compared to the previous year [26] Market Data and Key Metrics Changes - San Francisco and Chicago saw RevPAR increases of 18% and 10% respectively, driven by resilient group and business transient demand [19] - Orlando's RevPAR increased by 9%, supported by leisure demand following the opening of a new theme park [20] - Government-related demand declined over 20% year over year, impacting overall performance [8] Company Strategy and Development Direction - The company plans to continue share repurchase activities funded by asset sales, with two hotels under contract for sale [12][74] - Emphasis on managing expenses aggressively to mitigate the effects of lost revenue on per share metrics [15][65] - The company is optimistic about future demand stabilization and pricing environment due to limited new hotel supply growth [17][51] Management's Comments on Operating Environment and Future Outlook - Management expects operating trends to improve in the fourth quarter, driven by demand stabilization and a stronger convention calendar [15][63] - Current forecasts for the third quarter reflect a RevPAR decline of approximately 3%, with expectations for improvements in August and September [14][33] - Management remains confident in the long-term outlook for the industry despite near-term macroeconomic uncertainties [33] Other Important Information - The company has reduced its full-year capital expenditure guidance to $60 million to $65 million on a pro-rata basis [33] - The Board of Directors declared a quarterly common dividend of $0.08 per share, representing a dividend yield of over 6% [32] Q&A Session Summary Question: Inquiry about buybacks in the quarter - Management indicated that the timing of buybacks was influenced by cash flow management and market conditions, with a focus on opportunistic usage going forward [38][39] Question: Transition of management and its impact - Management confirmed that the economics remain similar post-transition, primarily aimed at focusing operations [40] Question: Changes in demand segmentation - Management noted pressure in higher-rated segments, with a shift towards advanced purchase business to build demand [45][46] Question: Stability of government demand - Management observed stabilization in government demand after a rapid contraction, expecting it to remain stable at lower levels [79] Question: Lower CapEx guidance - Management explained that the reduction is related to timing and the decision to sell assets needing significant renovations rather than renovating them [80] Question: Future pricing power and demand trends - Management emphasized that overall better demand trends across all segments are necessary for improved pricing power [82][83]

Company Overview - Par Pacific is a growing energy company focused on renewable and conventional fuels in the western United States[10] - The company has an integrated logistics network with 13 million barrels (MMbbls) of storage and marine, rail, and pipeline assets[10] - The company's system-wide refining capacity is 219,000 barrels per day (bpd)[10] - Par Pacific has 119 fuel retail locations in Hawaii and the Pacific Northwest[10] - The company holds a 46% ownership interest in Laramie Energy, a natural gas E&P company[10] - As of December 31, 2024, Par Pacific had approximately $1 billion in federal tax attributes[10] Refining Segment - Par Pacific's system-wide distillate & LSFO yield is 52%[22] - The company has a 21% system-wide exposure to Western Canadian Select (WCS) heavy crude[22] - Hawaii refinery crude capacity is 94,000 bpd, Montana is 63,000 bpd, Washington is 42,000 bpd, and Wyoming is 20,000 bpd[19] Retail and Logistics Segments - The Retail and Logistics segments are showing growing Adjusted EBITDA contribution through various market cycles[38] - The Trending Retail & Logistics Adjusted EBITDA for the Last Twelve Months (LTM) ending June 30, 2025, was $211 million[40] - The company is targeting gross term debt of 3-4x Retail and Logistics annual Adjusted EBITDA[41] Capital Expenditure and Turnaround - The company's 2024 actual capital expenditures were $209 million[44] - The company's 2025 capital expenditure guidance is $210-240 million[43] - The company expects a normalized annual turnaround outlay of $8-9 million for Hawaii, $7-8 million for Washington, $4-5 million for Wyoming, and $18-22 million for Montana[44] Hawaii Renewables Project - Par Pacific is executing a project in Hawaii to produce 61 million gallons per year capacity for renewable fuels, including Renewable Diesel (RD) and Sustainable Aviation Fuel (SAF)[51] - Mitsubishi and ENEOS will contribute $100 million to Hawaii Renewables through Alohi Renewable Energy for a 36.5% equity interest[51] Financial Position - As of June 30, 2025, the company's term debt was $641 million[99]

Financial Performance - Second quarter Adjusted EBITDA was $282 million[6, 10], compared to $338 million in the prior quarter[10] - Free cash flow for the second quarter was $107 million[6, 10], down from $173 million in the first quarter[10] - Capital expenditures, net of insurance proceeds, were $110 million in the second quarter[10], compared to $98 million in the previous quarter[10] - The company returned over $1.1 billion to shareholders since Q4 2022, including a Q3 dividend of $0.50 per share[6] Contract Backlog and Fleet - Current contract backlog stands at $6.9 billion[10, 12], a decrease from $7.5 billion in the previous quarter[10] - Approximately $380 million in new contracts were secured[6] - 62% of floater rig days are committed for 2025, 49% for 2026, and 36% for 2027[13] - 20% of floater rig days are committed for 2028, and 5% for 2029-2031[13] Guidance and Fleet Rationalization - Full year 2025 Adjusted EBITDA guidance is $1.075 billion to $1.15 billion[32] - Full year 2025 capital additions, net of reimbursements, are guided at $400 million to $450 million[32] - Revenue guidance for 2025 is $3.2 billion to $3.3 billion[32] - The company completed the retirement of Meltem and Scirocco rigs and plans to retire Globetrotter II, Highlander, and Reacher rigs[8]

Financial Performance - Q3 2025 sales decreased to $349.4 million from $427.8 million in Q3 2024 [17] - Q3 2025 diluted EPS increased to $0.49 from $0.06 in Q3 2024 [17] - Q3 2025 Non-GAAP Adjusted EPS decreased to $0.28 from $0.56 in Q3 2024 [17] - Q3 2025 Adjusted EBITDA decreased slightly to $44.6 million from $44.7 million in Q3 2024 [17] - Year-to-date sales decreased to $1,178.8 million from $1,349.0 million [17] - Year-to-date Non-GAAP Adjusted EPS decreased to $0.76 from $1.62 [17] - Year-to-date Adjusted EBITDA decreased to $136.0 million from $147.0 million [17] Segment Performance - Memorialization Q3 sales slightly increased to $203.7 million from $202.7 million [23] - Industrial Technologies Q3 sales decreased to $87.9 million from $91.7 million [28] - Brand Solutions Q3 sales decreased to $57.7 million from $133.4 million [33] Outlook - The company maintains adjusted EBITDA guidance of at least $190 million for fiscal year 2025, including the estimated 40% share of Propelis [14] - Customer quotes for energy storage solutions since early February 2025 have exceeded $150 million [14]