The Department of Education said it would create a simpler income-driven repayment application in April. However, the enhanced application process hasn't been announced yet. https://t.co/InwJFyRNYu ...

One major student loan servicer has thrown a wrench into the system by announcing that some borrowers who have already submitted an income-driven repayment application may need to reapply.Here’s what you should know: https://t.co/MC6u6em9Lx https://t.co/sjhBHcWCjP ...

ATHENS, Greece, May 28, 2025 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship- owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS First Quarter 2025 Results: Strong profitability continued for the first quarter, with Net income of $14.1 million corresponding to a basic EPS of $0.38, similar to the previou ...

Core Viewpoint - Vermilion Energy Inc. has entered into a definitive agreement to sell its Saskatchewan and Manitoba assets for cash proceeds of $415 million, aimed at debt repayment and strengthening its balance sheet [1][2]. Financial Summary - The net proceeds from the transaction will be used for debt repayment, with an expected net debt of $1.5 billion by the end of 2025, resulting in a trailing net debt to FFO ratio of 1.4 times [2][7]. - The assets being sold currently produce approximately 10,500 boe/d, with 86% being oil and liquids, and are forecasted to generate about $110 million in annual net operating income at current commodity prices [3][4]. - The transaction is expected to close in Q3 2025, subject to regulatory approvals [3]. Production and Capital Expenditure - Assuming a mid-Q3 2025 close, Vermilion anticipates full-year 2025 production to average between 120,000 to 125,000 boe/d, with capital expenditures projected between $680 to $710 million, reflecting a reduction of approximately $50 million due to the divested assets [4][5]. - The company will prioritize free cash flow over production growth during 2025 and 2026 amid increased market volatility [4]. Strategic Direction - The transaction is part of Vermilion's strategic plan to enhance its asset portfolio, focusing on long-duration, scalable assets with high return on capital opportunities [5]. - The company aims to strengthen its balance sheet and provide more capital allocation flexibility for its core Canadian and European assets [5][8]. Operational Insights - Vermilion emphasizes health and safety, environmental protection, and profitability as its top priorities [10]. - The company operates in North America, Europe, and Australia, focusing on the exploitation of light oil and liquids-rich natural gas [9].

The next agency MBS weekly will be published on May 30, 2025. 16 May 2025 12:18:00 ET │ 23 pages Agency MBS Weekly Supply Gets Mowed CITI'S TAKE We project private market supply to be $394bn for 2025, ~$20bn lower than our previous projection. The reduction in private market supply should be a tailwind for the sector, but near-term supply could increase due to summer seasonals. Fed custody holdings data showed another $10bn reduction in Treasury holdings between May 7th and May 14th, and uncertainty remains ...

Financial Data and Key Metrics Changes - The company reduced net debt by $135 million, supported by higher than expected adjusted free cash flow and a non-core asset sale generating $20.5 million [6][10] - Lease operating expenses (LOE) decreased from $121 million in Q4 2024 to an anticipated $115 million per quarter for the remainder of 2025 [8] - General and administrative (G&A) expenses are projected to be below $22 million per quarter for 2025, down from slightly over $23 million in Q4 2024 [8] Business Line Data and Key Metrics Changes - First quarter production volumes were driven by 23 turn-in-line wells, with 21 located in the Southern Delaware [6] - The company achieved a 30% year-over-year improvement in capital efficiency in the Delaware Basin [12] Market Data and Key Metrics Changes - The company hedged 90% of its oil at $70.61 per barrel WTI for the remainder of the year, ensuring returns and reducing risk [13] - The company anticipates generating approximately $265 million in adjusted free cash flow for 2025 [13] Company Strategy and Development Direction - The company shifted focus from acquisitions to optimizing its asset base, successfully reducing costs and enhancing efficiencies [7][9] - Capital allocation is prioritized towards low breakeven packages, with a focus on maximizing cash flow and debt repayment [10][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full year outlook due to high returns expected from upcoming completions and recent cost reductions [9][11] - The company is prepared to adjust activity levels in response to market conditions, with no long-term rig or completion contracts extending beyond early 2026 [14][15] Other Important Information - The company has implemented advanced drilling techniques, such as simulfrac, to improve efficiency and reduce breakeven costs [12][14] - A non-cash impairment was noted, with expectations of a couple hundred million dollars in the next quarter if oil prices remain stable [40][41] Q&A Session Summary Question: Maintenance capital outlook with recent efficiencies - Management plans to maintain flat production year-over-year and aims to remain free cash flow positive, with potential savings of nearly $90 million from reduced service costs [21][22] Question: Cost initiatives and LOE self-help - LOE is expected to be in the range of $110 million to $115 million per quarter for 2025, driven by reduced failure rates and lower workover costs [23][25] Question: Hedging strategy for future years - The company plans to continue layering on hedges as market conditions allow, aiming to lock in free cash flow generation and debt reduction [30][31] Question: Production trajectory and CapEx for 2026 - The 2026 program is estimated to be flat year-over-year for both volume and capital, with flexibility to adapt based on market conditions [33][34] Question: Potential for future pricing weakness and rig upgrades - Management sees opportunities to capture cost efficiencies and improve performance as contracts cycle through [38][39] Question: Non-cash impairments and inventory impact - Non-cash impairments are expected to continue if oil prices remain stable, but this does not affect the underlying reserves [40][41] Question: Breakeven analysis and asset sales - Corporate breakeven is projected to decrease to around $53 per barrel, with ongoing evaluations for additional asset sales [44][48]

Financial Data and Key Metrics Changes - The company reduced net debt by $135 million, supported by higher than expected adjusted free cash flow and a non-core asset sale that generated $20.5 million [6][12] - Lease operating expenses (LOE) were reduced from $121 million in Q4 2024 to an anticipated $115 million per quarter for the remainder of 2025, while general and administrative (G&A) expenses are projected to be below $22 million per quarter [7][8] Business Line Data and Key Metrics Changes - First quarter production volumes were driven by 23 turn-in-line wells, with 21 located in the Southern Delaware, showcasing good well performance and early production from several development packages [6][9] - The company expects significant production ramp-up in the second half of the year, particularly in Q3, with low breakeven costs of about $45 per barrel WTI [9][10] Market Data and Key Metrics Changes - The company hedged 90% of its oil at $70.61 per barrel WTI for the remainder of the year, which is expected to ensure returns and reduce risk [12] - The company anticipates generating approximately $265 million in adjusted free cash flow and reducing net debt by $300 million, including non-core asset sales [12] Company Strategy and Development Direction - The company shifted focus from acquisitions to optimizing its asset base, successfully reducing costs and enhancing efficiencies [7][10] - The strategy includes prioritizing capital allocation to the lowest breakeven packages and leveraging high-quality wells to maximize cash flow and debt repayment [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full-year outlook, citing high returns from upcoming packages and recent cost reductions [8][10] - The company is prepared to adjust activity levels in response to market conditions, with no rig or completion contracts extending beyond early 2026 [13][14] Other Important Information - The company has seen little impact from tariff-related price increases, which have been offset by price concessions in a softening services environment [10] - The company is conducting a full review of its cost structure to continue reducing costs and enhancing margins [14] Q&A Session Summary Question: Maintenance capital outlook with recent efficiencies - Management plans to maintain flat production year over year and aims to remain free cash flow positive, with potential savings of nearly $90 million from reduced service costs [21][22] Question: Cost initiatives and LOE self-help - LOE is expected to be in the range of $110 million to $115 million per quarter for 2025, driven by reduced failure rates and fixed operating costs [23][26] Question: Hedging strategy for future years - The company raised hedges for the rest of the year to lock in free cash flow generation and will continue to monitor the environment for future hedging [30][31] Question: Production and CapEx trajectory into 2026 - The 2026 program is estimated to be flat year over year for both volume and capital, with flexibility to adapt based on market conditions [32][34] Question: Non-cash impairments and inventory impact - Non-cash impairments are expected to continue if oil prices remain stable, with a projected impairment of a couple hundred million dollars next quarter [39][40] Question: Breakeven analysis and asset sales opportunities - The corporate breakeven is projected to be around $53 per barrel, with potential for further reductions through cost efficiencies [43][44] - The company is continuously looking for opportunities for additional asset sales, although the current price environment may make this challenging [46][47]

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Jody Burfening - IREdward Ross - Chairman & CEOShelby Sherard - Chief Financial OfficerMickey Schleien - MD - Equity Research Conference Call Participants Robert Dodd - AnalystSean-Paul Adams - Equity Research Analyst Operator Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opport ...

Financial Data and Key Metrics Changes - IAMGOLD reported revenues of $477.1 million from sales of 174,000 gold ounces at an average realized price of $2,731 per ounce, with adjusted EBITDA of $204.5 million compared to $152.5 million in Q1 2024 [17][18] - Cash costs averaged $14.59 per ounce and all-in sustaining costs averaged $19.08 per ounce in Q1 2025, with expectations for costs to decline as production ramps up [12][33] - Mine site free cash flow increased to $140 million in Q1 2025 from $46 million in the same period last year [12] Business Line Data and Key Metrics Changes - Cote produced 73,000 ounces in Q1 2025, with a focus on ramping up to full production capacity of 36,000 tons per day by year-end [22][28] - Westwood's production decreased to 24,000 ounces, impacted by temporary equipment challenges, but is expected to improve as mining sequencing changes [31] - Essakane saw attributable production of 86,000 ounces, with cash costs of $15.57 per ounce and all-in sustaining costs of $18.46 per ounce [35] Market Data and Key Metrics Changes - IAMGOLD's cash and cash equivalents stood at $316.6 million, with net debt of $882.3 million, indicating a liquidity position of approximately $745.8 million [13] - The company is expected to declare a dividend in Q2 2025, similar to the $180 million declared in the previous year [14][15] Company Strategy and Development Direction - IAMGOLD aims to complete a significant drill program in the Kothi and Gosselin zones to support a technical report in 2026, targeting a unified super pit operation [8][29] - The company is focused on reducing debt levels and costs, with plans to repay a $400 million term loan in installments [15][81] - IAMGOLD is confident in its organic growth potential, particularly in the Nelligan and Monster Lake projects, which combined have nearly 9 million ounces of resources [37][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2025 production guidance of 735,000 to 820,000 ounces, with expectations for stronger quarterly production [7][39] - The company remains optimistic about the operational improvements at Cote and the potential for increased production at Westwood and Essakane in the second half of the year [39][76] Other Important Information - IAMGOLD's total recordable injury frequency rate was 0.627 in Q1 2025, indicating a slight increase from the prior quarter [10] - The company released its 2024 sustainability report, emphasizing its commitment to responsible mining practices [11] Q&A Session Summary Question: Congratulations on getting Cote up to the 96% throughput rate. Can you provide details on stockpile levels and grade expectations? - Management indicated that the lower grade of 0.78 was planned for the first half of the year, with expectations to increase grades as mining progresses [40][41][45] Question: What are the expectations for Essakane's grade reconciliation in the second half of the year? - Management expects a flat grade profile for the remainder of the year, with grades above 1 gram per ton anticipated [46][48] Question: Can you comment on the impact of lower fuel prices on Essakane's costs? - Management noted that fuel costs in Burkina Faso take time to adjust, and the cost improvements were primarily due to higher throughput rates [56][57] Question: What is the outlook for Westwood's grades in Q2? - Management expects grades to improve, targeting around 9 to 10 grams per ton as mining sequencing changes [59][60] Question: Can you provide insights on the security situation in Burkina Faso? - Management remains confident in the security situation, stating that operations continue without disruptions and relationships with the government are strong [61][63] Question: How does the company plan to return value to shareholders? - Management emphasized the priority of reducing debt levels before considering share buybacks or dividends, with a target net debt to EBITDA ratio of 1 or less [80][84]

Cherry Hill Mortgage Investment Corporation (CHMI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Garrett Edson - Managing DirectorJay Lown - President and CEOJulian Evans - Chief Investment OfficerMichael Hutchby - Chief Financial OfficerRandy Binner - Managing DirectorJason Stewart - Director - Mortgage FinanceMikhail Goberman - VP - Equity ResearchRaymond Slater - Senior VP & MSR Portfolio Manager Operator Good day, and welcome to the Cherry Hill Mortgage Investment Corporation First ...