Enterprise Products Partners (EPD) Q1 2025 Earnings Call April 29, 2025 02:52 PM ET Speaker0 Thank you for standing by, and welcome to Enterprise Products Partners LP's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. To remove yourself from the queue, you may press 11 again. I would ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2025 was $2.4 billion with a distribution coverage ratio of 1.7 times and retained DCF of $842 million [6][14] - Net income attributable to common unitholders was $1.4 billion or $0.64 per common unit, compared to $0.66 per common unit in Q1 2024 [14] - Distribution declared was $0.0535 per common unit, a 3.9% increase from Q1 2024 [15] - Total debt principal outstanding was approximately $31.9 billion with a weighted average cost of debt of 4.7% [17] Business Line Data and Key Metrics Changes - The company moved 13.2 million barrels of oil equivalent per day and 2 million barrels per day of liquid hydrocarbon exports [6] - PDH facilities experienced downtime; PDH1 was down for 63 days due to unplanned maintenance, but both PDH plants are now operational [6][7] - Total capital investments in Q1 2025 were $1.1 billion, including $964 million for growth capital projects [16] Market Data and Key Metrics Changes - The company noted a strong demand for U.S. hydrocarbons globally, particularly from China and India, despite tariff uncertainties [8][10] - LPG exports have not been significantly disrupted, with 85% to 90% of LPG exports contracted [22][60] Company Strategy and Development Direction - The company plans to bring online two gas processing plants in the Permian and several other projects throughout 2025 [7][16] - The focus remains on increasing capacity to gather, process, transport, and export hydrocarbons, with a significant backlog of wells expected to be connected [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for U.S. energy production and exports, citing supportive policies from the current administration [12] - The company anticipates continued growth in the Permian Basin, with expectations of connecting a similar number of wells in 2025 as in 2024 [39] Other Important Information - The company has returned approximately $58 billion to unitholders since its IPO in 1998 through distributions and buybacks [16] - The expected range of growth capital expenditures for 2025 is $4 billion to $4.5 billion, with sustaining capital expenditures around $525 million [16] Q&A Session Summary Question: Current U.S. LPG rerouting and competitive landscape - Management indicated that trade flows are balancing, with no disruptions in exports, and highlighted their capital-efficient expansion plans [22][23] Question: Incremental EBITDA from upcoming projects - Management confirmed that many projects are expected to be fully contracted upon coming online, leading to a rapid ramp-up in EBITDA [26][32] Question: Impact of recent market price volatility on buybacks - Management discussed their strategy for excess distributable cash flow and indicated a significant increase in cash flow expected in 2026 [53] Question: Outlook for the petchem and refined product segment - Management noted that both PDH plants are running well and expressed optimism for the segment's performance for the remainder of the year [42][44] Question: Global demand and tariff impacts - Management acknowledged a demand slowdown internationally but emphasized that pricing would adjust to clear the market [61] Question: CapEx plans in light of potential demand slowdown - Management stated that current projects are well contracted and unlikely to slow down despite tariff concerns [70] Question: Update on major capital projects - Management confirmed that major capital projects are progressing well and are expected to come online ahead of schedule [81]

First quarter 2025 reported diluted EPS of $0.49, a 36% increase in diluted EPS over the prior year, and adjusted diluted EPS of $0.50, a 39% increase in adjusted diluted EPS over the prior yearFirst quarter 2025 infrastructure investment was $78.2 million2, on track for full-year capital expenditures of $473 million2 due to seasonality of the construction seasonDeclares $0.42 cash dividend per share of common stock SAN JOSE, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW) today reported ...

根据 Counterpoint 最新发布的 《显示屏资本支出与设备市场份额季度报告》 ，由于 OLED 方面的支出增 加，以及液晶显示器（LCD）方面支出略有上升，该机构已将 2020 年至 2027 年的显示屏设备支出预测 上调了 2%，至 770 亿美元。 OLED方面支出的增加，主要可归因于两条第 6 代（G6）移动面板生产线向柔性面板的转换，以及一条 第 8.7 代（G8.7）信息技术（IT）领域的 OLED生产线额外扩充了 7500 片基板的产能。由于新增了第 8.7 代（G8.7）OLED 制造工厂，进行了柔性 / 低温多晶氧化物（LTPO）面板的转换，还扩充了大于 85 英寸电视品类的产能，预计从 2023 年到 2027 年，OLED 设备支出每年都会有所增加，到 2027 年将达到 83 亿美元。而这些增长反过来又将受到 OLED 在智能手机、平板电脑和笔记本电脑中渗透率不断上升， 以及面板平均尺寸不断增大的推动。 按技术分类的显示屏设备支出 （以设备到位时间为基准） 2020 年至 2027 年显示屏设备支出预测上调了 2%，达到 770 亿美元。 OLED 在智能手机、平板电脑和笔记本电 ...

Northwest Natural Holding Company (NYSE:NWN) Q4 2024 Results Conference Call February 28, 2025 11:00 AM ET Company Participants Nikki Sparley - Director of IR David Anderson - CEO Raymond Kaszuba - SVP & CFO Justin Palfreyman - President Conference Call Participants Christopher Ellinghaus - Siebert Williams Shank Selman Akyol - Stifel Brica Good morning, and thank you all for attending the Northwest Natural Holding Company Q4 2024 earnings call. My name is Brica, and I will be the moderator for today's call ...