AT&T Inc. (NYSE:T) Mizuho Technology Conference 2025 June 10, 2025 8:15 AM ET Company Participants Pascal Desroches - Senior EVP & CFO Conference Call Participants Jennifer Murtaugh Fritzsche - Greenhill & Co., Inc. Jennifer Murtaugh Fritzsche [indiscernible] I think I found [indiscernible] safe harbor. It's the perfect way to start this conference. So many of the business panel we're going to hear about the next few days are really [indiscernible]. We'll get into that. But I think [indiscernible] the safe ...

Summary of AT&T (T) 2025 Conference Call Company Overview - **Company**: AT&T Inc. (T) - **Date of Conference**: June 10, 2025 - **Key Speaker**: Pascal, Senior EVP and CFO of AT&T since February 2021 Key Points Industry and Market Position - AT&T is recognized as the largest player in the telecommunications industry, particularly in fiber and wireless services [1][2] - The company has achieved a leverage target of 2.5 times, allowing for capital allocation towards share buybacks and strategic acquisitions [3][31] Strategic Transactions - AT&T announced a significant transaction with Lumen, acquiring 4 million additional fiber passings, aiming to reach 60 million homes passed with fiber by 2030 [4][11] - The acquisition is viewed as both a defensive and offensive strategy to expand AT&T's footprint in 11 states where it previously had no broadband infrastructure [7][8] - The penetration rate of the acquired fiber footprint is currently at 25%, with expectations to increase it to 40% through AT&T's distribution network [9][10] Financial Strategy - AT&T plans to maintain a capital expenditure of $22 billion annually through 2027, which is among the highest in the industry [21] - The company is exploring partnerships with private capital to finance the Lumen acquisition, which is valued at approximately $5.75 billion [33] - AT&T aims to balance capital allocation while delivering attractive returns to shareholders [22][36] Wireless and Fiber Integration - The company emphasizes the importance of integrating fiber and wireless services to enhance customer experience and drive revenue growth [45][50] - AT&T's strategy includes offering guarantees to customers, ensuring technical issues are addressed promptly, and providing competitive pricing [45][46] - The company believes that having both wired and wireless networks allows for better service delivery and customer retention [49][50] Competitive Landscape - The telecommunications market is described as highly competitive, with cable companies gaining market share in recent years [51][60] - AT&T is confident in its ability to compete effectively against cable providers, citing the superior quality and pricing of its fiber products [63][64] - The company acknowledges the need for more spectrum but currently does not see an immediate requirement for additional spectrum acquisition [39][42] Economic Outlook - AT&T has not observed significant negative impacts from tariffs, as most of its capital spending is labor-related [70][73] - Consumer demand remains strong, with higher activity levels noted in Q1 and Q2 of 2025 [76][78] - The company anticipates a robust growth profile by the end of the decade, with a focus on fiber and modern wireless networks [81][85] Future Vision - By the end of the decade, AT&T expects to have completed its fiber build and modernized its wireless network, positioning itself as a leader in both sectors [81][85] - The company aims to eliminate legacy systems, such as copper and DSL, which currently incur significant costs [84] Additional Insights - AT&T is open to exploring satellite connectivity solutions, such as Starlink, to serve underserved populations, while maintaining a focus on its fiber and wireless networks [88][90] - The company views the current competitive landscape as an opportunity to enhance its service offerings and customer loyalty [60][63]

Celanese (CE) FY Conference June 05, 2025 11:50 AM ET Speaker0 Thank you and good morning. My name is Dave Begleiter of the U. S. Pembos team here at Deutsche Bank. Next up is the team from Celanese led by Scott Richardson. Scott became CEO January first. He spent over twenty years at Celanese in various roles in Asia and U. S. Driving value and outcomes. So a lot of happiness in Celanese the last couple of years. We'll have Scott make a few brief comments around where they are today. We'll go into the fire ...

CALGARY, AB, June 5, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its United States assets (the "Assets") for cash proceeds of $120 million (the "Transaction"). View PDF Vermilion Energy Inc. Announces Agreement to Sell United States Assets and Provides Updated 2025 Guidance (CNW Group/Vermilion Energy Inc.) Net proceeds from the Transaction will be directed towards ...

Driven Brands (DRVN) 2025 Conference June 03, 2025 10:50 AM ET Speaker0 Everyone, my name is Justin Klabur. I cover retail consumer products and services here at Baird. Pleased to introduce our next session with Driven Brands. For those of you not familiar with the company, Driven is the largest automotive services platform in North America, just around 4,800 locations today. They provide needs based essential services such as oil chains, maintenance, paint, collision and glass work. Roughly 80% of those lo ...

Core Viewpoint - Vermilion Energy Inc. has announced the divestment of its Saskatchewan and Manitoba assets for $415 million in cash, aiming to strengthen its balance sheet and improve financial position through debt repayment and deleveraging processes [1] Asset Overview: Production, Reserves and Liabilities - The divested assets produce approximately 10,500 barrels of oil equivalent per day (boe/d) and are expected to yield about $110 million of annual net operating income at current strip commodity prices [2] - The assets include Proved Developed Producing reserves of approximately 30 million boe and have undiscounted future abandonment liabilities worth $250 million [3] Revised 2025 Outlook - Following the asset sale, Vermilion expects its full-year average daily production to be in the range of 120,000-125,000 boe, with capital expenditures projected between $680 million and $710 million, reflecting a $50 million reduction due to the divestment [4] - The company plans to focus on increasing free cash flow rather than growing production in 2025 and 2026, amid extreme volatility in the energy market [4]

StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...

StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...

Ashford Hospitality Trust, Inc. (AHT) has taken another step in its strategic plan to deleverage and optimize its portfolio. The Dallas, TX-based REIT announced a definitive agreement to sell the 242-room Hilton Houston NASA Clear Lake in Houston, TX, for $27 million. The transaction, subject to closing conditions, is expected to be completed in June 2025.The sale represents an attractive exit for Ashford, yielding a capitalization rate of 3.2% on net operating income (NOI) or 23.6X Hotel EBITDA after adjus ...

Household Deleveraging: International Practices Thailand Ying Xu SIP/2025/055 IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed on January 27, 2025. This paper is also published separately as IMF Country Report No 25/46. 2025 MAY © 2025 International Monetary Fund SIP/2025/055 IMF Selected Issues Paper Asia and Pacific Department Household Deleveraging: Inter ...