Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q1May 01, 2025 9:25 AM EDT | Source: Reportable, Inc. Dallas, Texas--(Newsfile Corp. - May 1, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo reported negative free cash flow of ($13.5M) in 1Q25, down from $7.2M in the prior-year period, primarily due to negative operating cash flow of ($8.4M) and $5.3M in capital expenditures. Despite near-term hea ...

May 1, 2025 Definitions: Non-GAAP Financial Measures Non-GAAP Financial Measures This information should not be considered in isolation or as a substitute for related GAAP measures. Additionally, these measures as calculated by the Company may not be comparable to similarly titled measures used by other companies. ADJUSTED EPS OR DILUTED EARNINGS PER SHARE EXCLUDING SPECIAL ITEMS We use diluted earnings per share excluding special items (adjusted EPS) as an underlying operational performance measure of the ...

NCS Multistage (NCSM) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Thank you. I would now like to turn over the call to Mike Morrison, Chief Financial Officer. Please go ahead. Speaker1 Thank you, Janice, and thank you for joining the NCS Multistage First Quarter twenty twenty five Conference Call. Our call today will be led by our CEO, Ryan Hummer, and I will also provide comments. I want to remind listeners that some of today's comments include forward looking statements such as our financial g ...

Group 1 - The article provides a buy rating for Phillips Edison (NASDAQ: PECO), highlighting its strong positioning in the current uncertain environment, with 71% of its rent derived from necessity-driven tenants [1] - The investment approach focuses on fundamental and valuation-driven analysis, emphasizing the importance of understanding a business's core economics, competitive moat, unit economics, reinvestment runway, and management quality [1] - The author aims to share investment insights and foster feedback from fellow investors, emphasizing the importance of long-term equity value drivers [1]

Loan Interest Revenue up 31% and Recurring Free Cash Flow up 88% in the yearTORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the for the three-months (Q4 2024) and year ended December 31, 2024. Q4 2024 Performance Highlights 44% increase in Loan Interest Revenue to $2.7 million. 61% increase in Recurring Free Cash Flow to $545,591 $0.018 in Recurr ...

First quarter 2025 earnings per share of $1.33Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay daysKirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025Acquired 14 barges, including four specialty barges, and four high horsepower boats from undisclosed seller for $97.3 millionQuarterly earnings and free cash flow expected to stre ...

HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2025 results. First quarter 2025 net income attributable to Targa Resources Corp. was $270.5 million compared to $275.2 million for the first quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”)(1) of $1,178.5 million for the first quarter of 2025 compared to $ ...

Group 1 - Antero Midstream (NYSE: AM) is reporting better results than previously anticipated, particularly in terms of free cash flow, which has allowed the company to repurchase common stock [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The analysis provided in the article focuses on the balance sheet, competitive position, and development prospects of oil and gas companies, highlighting the search for undervalued names in the sector [1]

Meta Earnings Presentation Q1 2025 investor.atmeta.com Advertising Revenue by User Geography In Millions $12,710 $14,131 $14,956 $17,784 $15,451 $16,593 $17,389 $20,982 $18,259 $6,269 $7,268 $7,721 $9,159 $8,327 $9,135 $9,358 $11,154 $9,527 $5,893 $6,435 $6,829 $7,316 $7,338 $7,721 $8,050 $9,012 $8,224 $3,229 $3,664 $4,137 $4,447 $4,519 $4,880 $5,088 $5,635 $5,382 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Rest of World Asia-Pacific Europe US & Canada $28,101 $31,498 $41,392 $33,643 $38,706 $35,6 ...

Financial Data and Key Metrics Changes - Revenue from operations for Q1 2025 was $736 million, a slight increase of $6 million or 1% from the previous quarter [40] - Total adjusted EBITDA for the quarter was $206.3 million, down from $220.5 million in the fourth quarter, reflecting a decline of $14 million [45][46] - U.S. drilling revenue decreased by $11 million or 4.5% sequentially to $231 million [41] - Average daily rig margins in the Lower 48 came in just under $14,300, down $660 or 4% from the fourth quarter [47] Business Line Data and Key Metrics Changes - The international drilling segment generated revenue of $382 million, an increase of $10.3 million or 3% from the prior quarter, driven by activity increases in key markets [44] - Drilling Solutions revenue increased by $17.2 million or 22.6% to $93.2 million, benefiting from the addition of Parker operations [44][52] - Rig Technologies segment revenue declined by $12 million sequentially to $44.2 million, primarily due to lower capital equipment deliveries in the Middle East [45] Market Data and Key Metrics Changes - The Lower 48 market average quarterly rig count remained stable, with Nabors exiting Q1 with 62 rigs operating [41][39] - The international rig count increased slightly from 84.8 to 85 rigs during the quarter, aided by Parker's contribution [44] - The survey of 14 operators indicated a projected 4% reduction in rig count from the end of Q1 through the end of 2025 [29] Company Strategy and Development Direction - The company is focused on achieving $40 million in cost synergies from the Parker acquisition during 2025 [6][31] - There is a strategic emphasis on international markets, particularly in Saudi Arabia and Kuwait, where new rigs are expected to contribute positively to earnings [19][50] - The company aims to reduce debt and improve free cash flow, with a target of generating free cash in 2025 despite cash consumption [28][54] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment is challenging due to OPEC+ output adjustments and high U.S. shale production, but there are signs of recovery in natural gas activity [7][8] - The company expects a slight increase in rig count in Q2, driven by deployments in Saudi Arabia and Kuwait [39] - Management expressed confidence in the company's ability to navigate through short-term disruptions while positioning for future growth [59] Other Important Information - The company suspended operations in Russia due to U.S. sanctions and does not expect to resume activities there [11][38] - The company has made significant progress in capturing planned synergies from the Parker acquisition, with a focus on corporate cost reductions [57][80] Q&A Session Summary Question: Has the company started accruing any debt in the SANAD joint venture? - Management confirmed that there is no current plan to accrue debt in the SANAD joint venture [64] Question: Is Saudi Aramco finished with rig releases, or are more expected this quarter? - Management provided details on rig suspensions and additions, indicating a wait-and-see approach regarding future releases [65][66] Question: Which business segment is most affected by tariffs? - Management indicated that the impact of tariffs is more significant on spare parts and pumps rather than drill pipe, with mitigation strategies in place [72] Question: How does the company view the potential for an IPO of SANAD? - Management acknowledged that an IPO is a potential path for value realization, especially given the attractive valuations in the Middle East [77] Question: What is the expected corporate run rate for the second quarter with Parker's full contribution? - Management indicated that Parker's contribution should be in the mid-40s for the second quarter, with ongoing synergy capture [90]