Financial Data and Key Metrics Changes - The company reported a net loss of $7.1 million for Q1 2025, an improvement from a net loss of $17.5 million in Q1 2024, driven by ongoing class of trade conversions and real estate rationalization efforts [23] - Adjusted EBITDA for Q1 2025 was $24.3 million, a 3% increase from $23.6 million in Q1 2024 [24] - Distributable cash flow decreased to $9.1 million in Q1 2025 from $11.7 million in Q1 2024, primarily due to higher cash interest expense and sustaining capital expenditures [24] Business Line Data and Key Metrics Changes - Retail segment gross profit increased by 16% to $63.2 million in Q1 2025 compared to $54.4 million in Q1 2024, driven by increases in both motor fuel and merchandise gross profit [8] - Wholesale segment gross profit declined by 1% to $26.7 million in Q1 2025, primarily due to a decline in fuel volume and rental income [17] - Inside sales on a same-site basis were down approximately 1.5% year over year, while inside sales excluding cigarettes declined by 1% [13] Market Data and Key Metrics Changes - Retail same-store fuel volume was approximately in line with the overall market, while same-store merchandise sales, excluding cigarettes, outperformed the market but were still below prior year results [7] - National gasoline demand was down approximately 4% for the quarter, reflecting broader market trends [10] - The company’s retail fuel margin increased by 10% year over year to 33.9 cents per gallon in Q1 2025, compared to 30.8 cents per gallon in Q1 2024 [8] Company Strategy and Development Direction - The company continues to focus on converting lessee dealer sites to company-operated retail sites, increasing overall retail site count by 64 sites year over year [16] - The strategy includes optimizing class of trade operations and ongoing real estate rationalization to generate additional capital for strategic investments [31] - The company aims to grow motor fuel and merchandise gross profit and overall segment profitability through site conversions and increased retail exposure [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging start to the year due to subdued demand for fuel and merchandise, significant winter weather, and inflationary pressures [21] - Despite these challenges, management expressed optimism about the execution of their strategy and the potential for improved performance in the upcoming summer driving season [22] - The company remains focused on maintaining a strong balance sheet and generating value for unitholders [32] Other Important Information - The company divested seven sites for $8.6 million in proceeds during the quarter, with expectations to continue this momentum throughout 2025 [21] - Operating expenses for the retail segment increased by approximately 20% year over year, primarily due to an increase in average site count [26] - The company spent a total of $10.1 million on capital expenditures in Q1 2025, with $7.4 million allocated to growth-related projects [28] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing comments from the CEO [34][35]

Core Insights - ConocoPhillips reported first-quarter 2025 adjusted earnings per share of $2.09, exceeding the Zacks Consensus Estimate of $2.06 and up from $2.03 in the prior year [1] - Quarterly revenues reached $17.1 billion, an increase from $14.48 billion year-over-year, and also surpassed the Zacks Consensus Estimate of $16.54 billion [1] Production - Total production averaged 2,389 thousand barrels of oil equivalent per day (MBoe/d), up from 1,902 MBoe/d in the same quarter last year, and exceeded the estimate of 2,340 MBoe/d [3] - Crude oil production rose to 1,166 thousand barrels per day (MBbls/d) from 944 MBbls/d year-over-year, also above the estimate of 1,119 MBbls/d [4] - Natural gas production increased to 4,070 million cubic feet per day (MMcf/d) from 3,302 MMcf/d in the prior year [4] Realized Prices - The average realized oil equivalent price decreased to $53.34 per barrel from $56.60 a year ago [5] - The average realized crude oil price was $71.65 per barrel, down from $78.64 year-over-year [5] - The average realized natural gas price increased to $5.62 per thousand cubic feet from $5.02 in the prior year [6] Expenses - Total expenses rose to $12.6 billion from $10.7 billion in the same period of 2024, but were below the projection of $12.8 billion [7] - The cost of purchased commodities increased to $6.2 billion from $5.3 billion year-over-year [7] Balance Sheet & Capital Spending - As of March 31, 2025, ConocoPhillips had $6.3 billion in cash and cash equivalents, with total long-term debt of $23.2 billion and short-term debt of $608 million [8] - Capital expenditure and investments totaled $3.38 billion, with net cash provided by operating activities at $6.1 billion [8] Guidance - For Q2 2025, production is expected to be in the range of 2.34-2.38 MBoe/d, with full-year production guidance unchanged at 2.34-2.38 MBoe/d [10] - Full-year capital expenditure guidance has been lowered to $12.3-$12.6 billion from approximately $12.9 billion [10]

Core Insights - Bandwidth (BAND) reported revenue of $174.24 million for the quarter ended March 2025, reflecting a year-over-year increase of 1.9% and surpassing the Zacks Consensus Estimate of $168.87 million by 3.18% [1] - The company's EPS was $0.36, up from $0.27 in the same quarter last year, resulting in an EPS surprise of 24.14% compared to the consensus estimate of $0.29 [1] Financial Performance Metrics - Net retention rate was reported at 116%, exceeding the average estimate of 115.3% from three analysts [4] - Geographic Revenue from International markets was $22.45 million, significantly higher than the average estimate of $14.79 million, marking a year-over-year increase of 4.1% [4] - Geographic Revenue from North America was $151.79 million, slightly below the average estimate of $154.45 million, with a year-over-year change of 1.6% [4] - Revenue from Messaging surcharges reached $40.78 million, surpassing the four-analyst average estimate of $37.29 million [4] - Revenue from Cloud communications was $133.46 million, exceeding the four-analyst average estimate of $131.64 million [4] Stock Performance - Over the past month, Bandwidth's shares have returned +5.3%, while the Zacks S&P 500 composite has seen a +10.6% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Murphy Oil reported revenue of $665.71 million for Q1 2025, a year-over-year decline of 16.4% and a slight miss of 0.31% against the Zacks Consensus Estimate of $667.76 million [1] - The company's EPS for the same period was $0.56, down from $0.85 a year ago, but exceeded the consensus estimate of $0.48 by 16.67% [1] Financial Performance - Revenue from exploration and production in Canada was $165.70 million, surpassing the three-analyst average estimate of $158.14 million, reflecting a year-over-year increase of 21% [4] - Revenue from exploration and production in the United States was $509.50 million, compared to the average estimate of $494.29 million, showing a year-over-year decline of 22.8% [4] - Total revenue from sales to customers was $672.73 million, exceeding the three-analyst average estimate of $653.43 million, but representing a 15.4% decline compared to the previous year [4] Production Metrics - Total net crude oil and condensate production was 84.26 thousand barrels per day, below the estimated 85.84 thousand barrels per day [4] - Total net natural gas liquids production was 8.41 thousand barrels per day, compared to the estimated 9.16 thousand barrels per day [4] - Total net natural gas production was 424.23 million cubic feet per day, slightly below the estimated 426.47 million cubic feet per day [4] Stock Performance - Murphy Oil's shares returned +7% over the past month, while the Zacks S&P 500 composite increased by +10.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Permian Resources reported revenue of $1.38 billion for Q1 2025, reflecting a year-over-year increase of 10.7% [1] - The company's EPS remained stable at $0.42, matching the previous year's figure, but fell short of the consensus estimate of $0.44, resulting in an EPS surprise of -4.55% [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $1.39 billion, leading to a revenue surprise of -1.22% [1] Financial Performance Metrics - Average daily net production totaled 373,209 BOE/D, exceeding the six-analyst average estimate of 368,855 BOE/D [4] - Natural gas production averaged 673,388 Mcf/D, surpassing the five-analyst average estimate of 640,427.8 Mcf/D [4] - Oil production reached 174,967 BBL/D, which was above the five-analyst average estimate of 171,776 BBL/D [4] - Average sales price for oil, including derivative cash settlements, was $71.45, slightly below the four-analyst average estimate of $71.63 [4] - Net revenues from oil sales were reported at $1.11 billion, aligning with the two-analyst average estimate [4] Stock Performance - Shares of Permian Resources have increased by 15.5% over the past month, outperforming the Zacks S&P 500 composite's increase of 10.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - GoodRx Holdings, Inc. reported revenue of $202.97 million for Q1 2025, a year-over-year increase of 2.6% and an EPS of $0.09, compared to $0.08 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $202.59 million, resulting in a surprise of +0.19% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.09 [1] Performance Metrics - GoodRx's shares returned +4.2% over the past month, while the Zacks S&P 500 composite increased by +10.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3] Key Company Metrics - Monthly Active Consumers: 6 million, below the estimated 7 million [4] - Subscription plans: 680 thousand, slightly below the estimated 685 thousand [4] - Revenue from Prescription transactions: $148.92 million, exceeding the estimate of $146.53 million, representing a +2.4% year-over-year change [4] - Revenue from Other sources: $4.38 million, below the estimate of $5.47 million, reflecting a year-over-year decline of -18.5% [4] - Revenue from Pharma manufacturer solutions: $28.65 million, slightly below the estimate of $29.90 million, but showing a +16.9% year-over-year increase [4] - Revenue from Subscription: $21.02 million, above the estimate of $20.79 million, but down -7% year-over-year [4]

Core Insights - EPR Properties reported revenue of $146.36 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.9% but a slight miss against the Zacks Consensus Estimate of $146.95 million, resulting in a revenue surprise of -0.40% [1] - The company's earnings per share (EPS) for the quarter was $1.21, significantly higher than the $0.75 reported in the same quarter last year, and exceeded the consensus estimate of $1.19 by 1.68% [1][4] - EPR Properties' stock has outperformed the Zacks S&P 500 composite, returning +15.3% over the past month compared to the composite's +10.6% [3] Revenue Breakdown - Rental revenue for EPR Properties was reported at $146.36 million, slightly below the average estimate of $146.95 million from three analysts, marking a year-over-year increase of 2.9% [4] - Mortgage and other financing income reached $17.04 million, surpassing the estimated $15.03 million by two analysts, and showing a significant year-over-year increase of 31.9% [4] - Other income was reported at $11.64 million, which fell short of the estimated $28.60 million from two analysts, representing a year-over-year decrease of 3.3% [4] - The diluted net earnings per share was $0.78, exceeding the average estimate of $0.63 from three analysts [4]

Core Viewpoint - MKS Instruments reported strong financial results for the quarter ended March 2025, with revenue and EPS exceeding both year-over-year figures and Wall Street expectations [1][3]. Financial Performance - Revenue for the quarter was $936 million, reflecting a year-over-year increase of 7.8% and a surprise of +0.27% over the Zacks Consensus Estimate of $933.5 million [1]. - EPS was reported at $1.71, compared to $1.18 in the same quarter last year, resulting in a surprise of +20.42% against the consensus estimate of $1.42 [1]. Segment Performance - Semiconductor segment revenues were $413 million, exceeding the average estimate of $403.45 million, with a year-over-year increase of 17.7% [4]. - Electronics and Packaging segment revenues reached $253 million, surpassing the average estimate of $242.64 million, marking a year-over-year growth of 21.6% [4]. - Specialty Industrial segment revenues were $270 million, slightly above the average estimate of $268.58 million, but showing a year-over-year decline of 12.6% [4]. - Total product revenues were $819 million, compared to the average estimate of $798.27 million, indicating an 8.6% year-over-year increase [4]. - Service revenues were $117 million, slightly below the average estimate of $118.75 million, with a year-over-year increase of 2.6% [4]. Stock Performance - MKS Instruments shares have returned +23.6% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3]. - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3].

Core Viewpoint - Waters Corporation reported strong first-quarter 2025 results, with non-GAAP earnings and net sales exceeding expectations, driven by robust demand across key sectors and regions [1][2][10]. Financial Performance - Non-GAAP earnings for Q1 2025 were $2.25 per share, surpassing the Zacks Consensus Estimate by 1.35% and increasing 1.8% year over year [1]. - Net sales reached $662 million, exceeding the Zacks Consensus Estimate by 1.08%, with a reported increase of 4% and a 7% increase on a constant currency basis year over year [1][11]. Segment Performance - The Waters segment accounted for 88.8% of net sales, generating $587.3 million, up 4.5% year over year and 8% at constant currency [3]. - The TA segment contributed $74.4 million (11.2% of net sales), reflecting a slight decline of 0.7% year over year but a 1% increase at constant currency [3]. Product and Service Breakdown - Instruments sales (39.7% of net sales) were $262.9 million, increasing 8.7% year over year and 11% at constant currency [4]. - Services sales (39.5% of net sales) totaled $261.2 million, with a modest increase of 0.2% year over year and 3% at constant currency [4]. - Chemistry sales (20.8% of net sales) reached $137.6 million, growing 2.6% year over year and 5% at constant currency [4]. Market Analysis - The Pharmaceutical market (59.1% of net sales) generated $391.1 million, up 4.5% year over year and 8% at constant currency [5]. - The Industrial market (27.5% of net sales) saw sales of $203.4 million, increasing 4.1% year over year and 6% at constant currency [5]. - The Government & Academic market (10.2% of net sales) generated $67.3 million, remaining flat year over year but increasing 3% at constant currency [6]. Geographic Performance - Asia (33.4% of net sales) generated $220.8 million, up 6.4% year over year and 13% at constant currency [6]. - Sales in the Americas (38.6% of net sales) were $255.5 million, increasing 6% year over year and at constant currency [6]. - Europe (28% of net sales) generated $185.4 million, decreasing 1.4% year over year but increasing 1% at constant currency [7]. Operating Details - Non-GAAP selling and administrative expenses were $170.1 million, up 6% year over year, expanding 50 basis points as a percentage of net sales [8]. - Research and development spending was $46 million, increasing 7.7% year over year, with a 20 basis point expansion as a percentage of net sales [8]. - The adjusted operating margin was 25.5%, contracting 150 basis points year over year [8]. Balance Sheet and Cash Flow - As of March 29, 2025, cash and cash equivalents were $382.9 million, up from $325.4 million as of December 31, 2024 [9]. - Cash generated from operations was $259.6 million, down from $262.9 million in the year-ago quarter [9]. - Free cash flow for Q1 2025 was $233.8 million [9]. Guidance - For Q2 2025, Waters expects non-GAAP earnings of $2.88-$2.98 per share, with a Zacks Consensus Estimate of $2.93 per share, indicating 11.4% growth year over year [10]. - Total sales growth is anticipated to be in the range of 4-6% on a reported basis, with constant currency sales growth expected to be between 5% and 7% [11][12].

Serve Robotics (SERV) is set to report first-quarter 2025 results on May 8.For first-quarter 2025, the Zacks Consensus Estimate for revenues is pegged at $0.50 million, indicating a 47.37% decline from the figure reported in the year-ago quarter. The consensus mark for loss has been unchanged at 21 cents per share over the past 30 days and much narrower than a loss of 37 cents reported in the year-ago quarter.In fourth-quarter 2024, Serve Robotics reported revenues of $0.176 million compared with $0.43 mill ...