Core Insights - ATN International, Inc. reported steady financial performance in Q3 2025, with revenues of $183.2 million, a 3% increase from $178.5 million in Q3 2024, driven by growth in fixed and carrier services despite a decline in mobility revenues [4][6][9] - The company achieved an operating income of $9.8 million, a significant recovery from a loss of $(38.4) million in the previous year, aided by cost containment measures and a reduction in depreciation and amortization expenses [5][6] - Adjusted EBITDA rose by 9% to $49.9 million compared to $45.7 million in Q3 2024, reflecting improved operational efficiency and margin expansion [6][9] Financial Performance - Consolidated revenues for Q3 2025 were $183.2 million, up 3% from $178.5 million in Q3 2024, primarily due to growth in fixed and carrier services [4][9] - Operating income improved to $9.8 million from a loss of $(38.4) million in the prior year, which included a $35.3 million goodwill impairment charge [5][9] - Net income attributable to ATN stockholders was $4.3 million, or $0.18 per diluted share, compared to a net loss of $(32.7) million, or $(2.26) per diluted share, in Q3 2024 [6][9] Segment Performance - The company operates in three segments: International Telecom, US Telecom, and Corporate and Other, with total revenue for Q3 2025 reported at $183.2 million [7][36] - International Telecom revenue was $95.1 million, while US Telecom revenue was $88.0 million, indicating a diversified revenue stream [10][36] - Mobility revenues showed a slight decline, while fixed and carrier services contributed positively to overall revenue growth [4][9] Operational Metrics - High-speed broadband homes passed increased by 8% year-over-year, with total high-speed subscribers growing by 1% [9][14] - The company reported a net cash provided by operating activities of $97.7 million for the year-to-date period, slightly up from $97.4 million in the prior year [17][34] - Capital expenditures for the year-to-date period were $60.9 million, down from $85.7 million in the previous year [17][34] Business Outlook - The company is refining its full-year 2025 Adjusted EBITDA expectations while maintaining its outlook for revenue, capital expenditures, and Net Debt Ratio [20][21] - Revenue, excluding construction revenue, is expected to align with last year's result of $725 million, with Adjusted EBITDA anticipated to be flat to slightly above last year's result of $184 million [28][21] - Capital expenditures are projected to be in the range of $90 to $100 million, down from $110.4 million in 2024, with a Net Debt Ratio expected to remain flat at approximately 2.54x [28][21]

Q3 2025 Performance - Total revenue reached $773 million, approaching the high end of guidance[6] - Adjusted EBITDA exceeded guidance, reaching $100 million[6] - Core advertising revenue increased by 7% year-over-year[9] Station Portfolio Optimization - 11 partner station acquisitions have closed as of November 5[12] - These acquisitions are expected to contribute at least $30 million in incremental annualized adjusted EBITDA[12] 2026 Political Revenue Outlook - The company anticipates exceeding $333 million in political revenue in 2026[17] Capital Structure - Total Sinclair Television Group (STG) debt at the end of 3Q25 was $4.1 billion[23] - Consolidated cash at the end of 3Q25 was $526 million ($122 million at SBG, $404 million at Ventures)[23] - On October 6, STG redeemed $89 million of Senior Unsecured Notes due 2027[23] Q4 2025 Guidance - Media revenue is projected to be in the range of $809 million to $845 million[33] - Core advertising is expected to be up over 10% at the midpoint of the range compared to 4Q24[37] - Distribution revenue is expected to be lower by 1% at the midpoint of the range compared to 4Q24[37] - Adjusted EBITDA is projected to be between $132 million and $154 million[37]

Q3 2025 Financial Performance - System-wide sales decreased by 55%[7] - Same-store sales declined by 35%[7] - Total revenue was $1400 million[7] compared to $1434 million in Q3 2024[10] - Adjusted EBITDA was $131 million[7] compared to $141 million in Q3 2024[10] - Net loss attributable to FAT Brands Inc was $(58219) thousand[21] compared to $(44755) thousand in Q3 2024[21] Store Development - 13 new stores opened in Q3 2025[7] Strategic Focus - The company aims to accelerate the build-out of a 1,000+ unit new store pipeline[13] - The company plans to grow factory production to utilize ~55% excess capacity[13] - The company intends to re-franchise Fazoli's 57 company-owned restaurants[13] Non-GAAP Measures - Adjusted net loss was $(45437) thousand[24] compared to $(38017) thousand in Q3 2024[24]

Core Insights - Albemarle Corporation reported strong third-quarter results for 2025, with adjusted EBITDA increasing year-over-year despite lower lithium prices, highlighting the company's operational strength and cost management efforts [3][6][8]. Financial Performance - Net sales for Q3 2025 were $1.3 billion, a decrease of 3% from $1.4 billion in Q3 2024, primarily due to lower pricing in Energy Storage, although volumes increased [4][6]. - Adjusted EBITDA for Q3 2025 was $226 million, up $14 million from the previous year, driven by lower input costs and ongoing cost reduction initiatives [6][8]. - The net loss attributable to Albemarle was $161 million, a significant improvement from a loss of $1.07 billion in the prior year, mainly due to restructuring charges recorded in the previous period [4][6][8]. - The diluted loss per share attributable to common shareholders was $(1.72), compared to $(9.45) in Q3 2024, reflecting an 81.8% improvement [4][8]. Segment Performance - Energy Storage segment net sales were $709 million, down 8% year-over-year, with a 16% decrease in pricing offset by an 8% increase in volumes [7][8]. - Specialties segment net sales increased slightly to $345 million, a 0.8% rise, with adjusted EBITDA rising 34.2% to $76 million due to reduced manufacturing costs [10][11]. - Ketjen segment net sales were $254 million, up 3.7% year-over-year, with adjusted EBITDA decreasing slightly to $34 million due to lower prices and higher input costs [11][12]. Cash Flow and Capital Expenditures - Cash from operations for Q3 2025 was $356 million, a 57% increase year-over-year, contributing to a year-to-date total of $894 million, up 29% [8][19]. - The company reduced its full-year 2025 capital expenditures outlook to approximately $600 million, down from $1.7 billion in 2024, reflecting a focus on sustaining existing assets [19][20]. Outlook - Albemarle is enhancing its full-year 2025 outlook, expecting results to be towards the higher end of previously published scenarios due to better-than-expected performance in Energy Storage and lithium market pricing [12][14]. - The company anticipates achieving positive free cash flow of $300 to $400 million for the full year 2025 [8][19].

Core Insights - Twin Hospitality Group Inc. reported a solid performance in Q3 2025, with a restaurant-level contribution margin of 17.0% and year-over-year sales growth in core markets despite regional challenges [2][10] - The company is focusing on a conversion strategy that has shown significant results, with Twin Peaks locations outperforming former Smokey Bones operations [3] Financial Performance - Total revenue decreased by $1.3 million, or 1.6%, to $82.3 million compared to $83.7 million in Q3 2024, primarily due to the closure of 11 underperforming Smokey Bones locations and lower same-store sales [6][10] - Twin Peaks same-store sales declined by 4.1%, while system-wide sales decreased by 1.4% [10] - The company reported a loss from operations of $13.4 million, compared to a loss of $3.6 million in the same period last year [10] Costs and Expenses - Food and beverage costs decreased by $0.5 million, or 2.3%, to $20.3 million, representing 27.4% of restaurant sales, slightly down from 27.5% in the previous year [7][10] - Labor and benefits costs decreased by $0.9 million, or 3.5%, to $23.9 million, accounting for 32.1% of restaurant sales, down from 32.8% [8][10] - General and administrative expenses surged by $12.3 million, or 172.1%, to $19.5 million, largely due to store closure costs and higher non-cash share-based compensation [9][10] Profitability Metrics - The restaurant contribution margin was reported at 9.6%, with Twin Peaks at 17.0% and Smokey Bones at (0.3%) [10][28] - Adjusted EBITDA for the quarter was $3.0 million, an increase from $2.3 million in the same period last year [10][26]

Core Insights - Epsilon Energy Ltd. reported its third quarter 2025 financial and operational results, highlighting a decrease in production and revenues compared to the previous quarter, but an increase year-over-year in certain metrics [1][2]. Financial Performance - NRI production for gas was 2,136 MMcf, down 22% quarter-over-quarter (QoQ) but up 64% year-over-year (YoY) [2]. - Oil production decreased to 39 Mbbl, an 11% decline QoQ and a 26% drop YoY [2]. - Total revenues for Q3 2025 were $8.98 million, a 23% decrease QoQ but a 23% increase YoY [2][12]. - Adjusted EBITDA was reported at $4.37 million, down 41% QoQ but up 17% YoY [2][19]. Production and Operational Updates - Capital expenditures for the quarter were $2.9 million, primarily for the completion of one well in Texas, which is performing as expected with a 30-day gross initial production rate of over 870 Boe/d [3][4]. - The company experienced shut-ins in the Marcellus region due to lower gas prices, impacting production by approximately 110 MMcf [4]. - Epsilon announced the acquisition of an operated business in the Powder River Basin, which is expected to close in November 2025, enhancing its operational scale and inventory [6]. Market and Pricing - Realized gas prices were $2.23 per Mcf, down 11% QoQ but up 53% YoY [2]. - Oil prices realized were $63.73 per Bbl, a 3% increase QoQ but a 14% decrease YoY [2]. - The company noted a strong increase in net wellhead pricing in the Marcellus as it exits the shoulder season, indicating potential for improved cash flows in upcoming quarters [5]. Shareholder Returns - The company maintained its dividend at $1.38 million for the quarter, consistent with the previous quarter [2]. - No share buybacks were reported during the quarter, contrasting with $628,000 in buybacks in Q3 2024 [2]. Cash Position - Cash and short-term investments totaled $13.24 million, a 28% increase from the previous quarter and a 51% increase YoY [2].

Core Insights - Greif, Inc. reported significant financial results for the two-month fourth quarter and eleven-month fiscal year 2025, highlighting a substantial decrease in net income and changes in operational performance due to the divestment of its Containerboard Business [1][2][3]. Financial Performance - For the two-month fiscal fourth quarter of 2025, net income decreased by 227.4% to $(43.3) million, or $(0.73) per diluted Class A share, compared to $34.0 million, or $0.58 per diluted Class A share in the same period of 2024 [6]. - Adjusted EBITDA for the fourth quarter increased by 7.4% to $98.9 million, while combined Adjusted EBITDA decreased by 3.7% to $122.7 million [6]. - For the eleven-month fiscal year, net income decreased by 93.2% to $15.1 million, or $0.28 per diluted Class A share, compared to $220.5 million, or $3.81 per diluted Class A share in the previous year [6]. - Adjusted EBITDA for the eleven-month period increased by 3.1% to $511.3 million, while combined Adjusted EBITDA rose by 10.9% to $702.6 million [6]. Operational Changes - The company divested its Containerboard Business for $1.8 billion, which is now classified as discontinued operations starting in Q3 2025 [2][3]. - The fiscal year-end was changed to September 30, resulting in an 11-month fiscal year for 2025 [3]. Debt and Cash Flow - Total debt decreased by $1,538.1 million to $1,202.5 million, and net debt decreased by $1,597.1 million to $945.8 million, leading to a leverage ratio reduction to 1.63x from 3.48x [7]. - Net cash provided by operating activities decreased by $376.5 million to a use of $244.7 million for the fourth quarter, while adjusted free cash flow increased by $24.0 million to $122.6 million [6]. Strategic Actions - The company achieved cost optimization run-rate savings of approximately $50 million by the end of fiscal year 2025 and increased its anticipated cost optimization commitment to $120 million [15]. - Plans for share repurchases in 2026 reflect confidence in the company's earnings power and operational leverage [9]. Market Outlook - The company noted a multi-year period of industrial contraction with no compelling demand inflection identified, leading to conservative guidance for fiscal 2026 [31][32]. - The low-end guidance for fiscal 2026 includes an estimated Adjusted EBITDA of $630 million and Adjusted Free Cash Flow of $315 million [32].

Accessibility StatementSkip Navigation PHOENIX, Nov. 5, 2025 /PRNewswire/ -- Grand Canyon Education, Inc. (NASDAQ: LOPE), ("GCE" or the "Company"), is a publicly traded education services company that currently provides services to 20 university partners. Â GCE provides a full array of support services in the post-secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior services in these areas on a large scale. Â GCE today ...

Core Insights - Talen Energy Corporation reported third quarter 2025 results with Adjusted EBITDA of $363 million and Adjusted Free Cash Flow of $223 million, while narrowing its 2025 guidance and reaffirming 2026 guidance [3][8][10] Financial Performance - For Q3 2025, GAAP Net Income attributable to stockholders was $207 million, an increase from $168 million in Q3 2024 [6][9] - Adjusted EBITDA increased by $133 million year-over-year, driven by higher capacity revenues and energy revenues, net of fuel and energy purchases [9][36] - Adjusted Free Cash Flow rose by $126 million compared to the same quarter last year, primarily due to increased revenues, despite higher capital expenditures [9][36] Guidance and Acquisitions - The company has narrowed its 2025 guidance for Adjusted EBITDA to a range of $975 million to $1 billion and for Adjusted Free Cash Flow to $470 million to $490 million [10][38] - Talen is set to acquire Freedom and Guernsey, two combined-cycle gas-fired plants totaling approximately 3 GW, with expected closure in Q1 2026 [10][13] Capital Structure and Financing - Talen successfully raised $3.9 billion to fund the acquisitions, including a $1.2 billion senior secured term loan B and $2.7 billion in senior unsecured notes [4][12] - The share repurchase program was increased to $2 billion, with the expiration extended to December 31, 2028 [14] Operational Metrics - Total generation for Q3 2025 was 11.1 TWh, with carbon-free generation at 42%, slightly down from 43% in Q3 2024 [8][9] - The company maintained a net leverage target below 3.5x net debt-to-Adjusted EBITDA, with a projected ratio of approximately 2.6x as of October 31, 2025 [16] Index Inclusion - Talen was added to the S&P 400 Index during Q3 2025, enhancing its visibility and credibility in the market [15]

Financial Data and Key Metrics Changes - Targa Resources reported adjusted EBITDA for Q3 2025 at $1.275 billion, representing a 19% increase year-over-year and a 10% sequential increase [18] - The company expects full-year 2025 adjusted EBITDA to be around the top end of the guidance range of $4.65 billion to $4.85 billion [18] - Available liquidity at the end of Q3 was $2.3 billion, with a pro forma consolidated leverage ratio of approximately 3.6x, within the long-term target range of 3x-4x [18] Business Line Data and Key Metrics Changes - Permian natural gas inlet volumes averaged a record 6.6 billion cubic feet per day in Q3, an 11% increase year-over-year [11] - NGL volumes increased by about 180,000 barrels per day compared to the previous year, driven by growth in the Permian [6] - NGL pipeline transportation volumes averaged a record 1.02 million barrels per day, and fractionation volumes averaged 1.13 million barrels per day in Q3 [14][15] Market Data and Key Metrics Changes - The company noted that October volumes were impacted by producer shut-ins due to low commodity prices and storms, but these volumes have largely returned [11] - The outlook for NGL supply growth remains strong, supported by ongoing projects and expansions in the Permian [15] Company Strategy and Development Direction - Targa Resources is focused on executing large capital projects while investing in high-return projects to transform into a large investment-grade integrated NGL infrastructure company [9] - The company announced several new growth projects, including the Speedway NGL transportation expansion and the Yeti gas processing plant, to accommodate continued volume growth [7] - The strategy emphasizes maintaining a strong investment-grade balance sheet while increasing common dividends and reducing share count [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued Permian volume growth, supported by customer success and a favorable industry trend of rising gas-to-oil ratios [8] - The company anticipates a durable increase in free cash flow, even in a strong growth environment [9] - Management acknowledged some conservatism in Q4 guidance due to potential headwinds from maintenance and commodity price fluctuations [51] Other Important Information - Targa plans to recommend an increase in the annual common dividend to $5 per share, a 25% increase from the previous level, effective Q1 2026 [19] - The company repurchased $156 million in common shares during Q3, bringing year-to-date repurchases to $642 million [18] Q&A Session Summary Question: How have things unfolded versus original expectations? - Management noted that volumes have largely materialized consistent with or better than initial forecasts, driven by producer performance and some volatility providing additional marketing opportunities [24] Question: What is the outlook for growth in the Permian? - Management expressed confidence in continued growth, supported by bottom-up forecasts from producers and a strong commercial position [27] Question: Can you discuss operational leverage and future expansions? - Management indicated that downstream spending will be modest post-2027, focusing on rateable fracs as projects come online [34] Question: What is the rationale behind recent project announcements? - Management emphasized a capital-efficient approach, leveraging existing volumes and ensuring operational reliability for producers [42] Question: How do you view the competitive landscape in the Permian? - Management acknowledged ongoing competition but highlighted Targa's unique capabilities and strong commercial relationships as key advantages [105]