Core Insights - DMG Blockchain Solutions Inc. has been awarded a $1.5 million energy efficiency incentive for deploying hydro direct liquid cooled (DLC) server technology at its Christina Lake data center [1][2] - The energy efficiency study conducted by an independent third party indicated significant energy savings from converting to DLC technology [2] - DMG's CEO highlighted the project's importance for future hydro implementations and the company's goal to transform the Christina Lake facility into a world-class AI data center [3] Operational Performance - In January 2026, DMG's hashrate averaged 1.69 EH/s, a decrease from 1.77 EH/s in December 2025, as the company prioritized profitability over hashrate generation [4][9] - The company held 414 bitcoins at the end of January, having liquidated some mined bitcoins to fund operations, compared to 403 bitcoins in December 2025 [4][9] Strategic Developments - DMG faced delays in acquiring a property in Boardman, Oregon, and has suspended guidance on the timing of the transaction [5] - Steven Eliscu has been appointed as Corporate Secretary, in addition to his role as Chief Operating Officer, succeeding Catherine Cox [6] Company Overview - DMG is a vertically integrated blockchain and data center technology company focused on sustainable practices and monetizing the blockchain ecosystem [7]

Financial Data and Key Metrics Changes - The company declared a dividend of $0.70 per share, totaling $29.9 million, marking the eighteenth dividend payment and bringing total dividends distributed to over $725 million since the IPO [5] - The reported adjusted EBITDA for the quarter was $74.2 million, with total cash interest expense of $6.8 million [14] - Free cash at the end of the quarter was $294.5 million, an increase of about $25 million from the prior quarter [15] - The debt balance at quarter end was $516 million, with a debt to total book capitalization ratio of 32.2% and net debt to total capitalization at 13.8% [15] Business Line Data and Key Metrics Changes - The TCE per available day for the quarter was $50,333, with the Helios pool earning a TCE of $50,500 per day for its spot and COA voyages [10][11] - Daily operating expenses for the quarter were $9,558, remaining flat compared to the prior quarter [12] - Time charter expenses for TCN vessels were $18.2 million, consistent with guidance [13] Market Data and Key Metrics Changes - Global seaborne LPG trade reached a new quarterly record of over 37 million tons, with North America exports hitting a record of more than 18.5 million tons [21] - The Middle East exports were the second highest quarterly export volume on record [21] - The freight market faced challenges due to lower than anticipated Saudi Contract Prices and new port service fees in China [22][24] Company Strategy and Development Direction - The company is focused on enhancing energy efficiency and sustainability, operating 16 scrubber-fitted vessels and 5 dual-fuel LPG vessels [31] - The company plans to maintain a balance between dividends, deleveraging, and fleet investment [20] - The delivery of a new 93,000 cubic meter VLEC is expected in March 2026, which will be fitted with energy-saving devices [8][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing strong production levels and a positive outlook for the year despite recent market volatility [46] - The company remains committed to investing in fuel efficiency and reducing greenhouse gas emissions, viewing regulatory changes as an opportunity for improvement [36] Other Important Information - The company completed 12 dry dockings in the past year and has one more scheduled, which will complete the dry-docking cycle for its fleet [7] - The average AER for the fleet in 2025 was 6.24%, which is better than the IMO required target [35] Q&A Session Summary Question: What is driving the counterseasonal strength in the spot market? - Management noted that uncertainties in the previous quarter led to less cargo lifted, but as conditions improved, production levels increased, contributing to a strong outlook for 2026 [45][46] Question: Can you provide details on the time charter rate for the Chaparral? - Management refrained from disclosing specific rates but indicated that the chartering strategy is opportunistic and reflects current market conditions [49] Question: How will the new building be financed? - The company plans to finance the remaining payment for the new building, with more details to be provided later [53] Question: To what extent can the fleet speed up if rates remain solid? - Management indicated that there is limited leeway for older vessels due to environmental regulations, but some eco vessels may have slight speed increases [58] Question: What improvements have the energy-saving devices resulted in? - The energy-saving devices typically provide around a 5% improvement in efficiency, with payback generally within a year [62]

Core Insights - 3 E Network Technology Group Limited has announced the implementation of its "AI Smart Energy Plan" for the AI Data Center in Mikkeli, Finland, focusing on optimizing energy efficiency through advanced technology [1][2] - The initiative aims to transition from traditional "passive consumption" to "active management" of energy usage, enhancing operational performance and resilience against energy price fluctuations [2][3] Company Overview - 3 E Network Technology Group Limited is a B2B IT solutions provider, specializing in next-generation AI infrastructure solutions and committed to energy efficiency in data center operations [3][4] - The company operates two main portfolios: data center operation services and software development [4] AI Smart Energy Plan Details - The plan includes five core technical modules designed to optimize Power Usage Effectiveness (PUE) and enhance energy management through algorithm-driven approaches [1][2] - Key components of the plan include: - **Omni-Domain High-Frequency Sensing System**: Utilizes IoT sensors for real-time data aggregation to improve operational visibility [3] - **AI-Adaptive Closed-Loop Tuning**: Employs machine learning for dynamic cooling management, reducing energy waste [3] - **High-Precision Price Prediction Models**: Uses time-series forecasting to inform economic workload scheduling based on regional power market trends [3] - **Economic Workload Dispatch Mechanism**: Automates task orchestration to optimize operational expenditure by migrating workloads to off-peak pricing [3] - **Demand Response Modules**: Supports bidirectional regulatory capabilities to assist in grid balancing and integrate with local green energy ecosystems [3]

Financial Data and Key Metrics Changes - Orders increased nearly 40%, building on a strong 16% growth from the previous year [6][23] - Revenue grew 6%, with adjusted EBIT margins expanding 190 basis points to 12.4% [6][22] - Adjusted EPS rose nearly 40%, exceeding guidance [6][23] - Record backlog increased by 20% to $18 billion, indicating strong demand visibility [25] Business Line Data and Key Metrics Changes - Organic revenue growth was 6%, with service growth at 9% year-over-year [22][24] - Segment margins increased, with Americas at 16.4%, EMEA at 13%, and APAC at 16.9% [25] - Demand was led by data center projects, with significant contributions from life sciences [23][31] Market Data and Key Metrics Changes - The Americas saw a 56% growth in orders, driven by large-scale data center projects [23] - EMEA grew 8%, with balanced growth in service and systems [24] - APAC orders increased 10%, with double-digit growth in systems [24] Company Strategy and Development Direction - The company is focusing on energy efficiency and decarbonization, particularly in data centers and advanced manufacturing [9][12] - A proprietary business system is being deployed to enhance operational efficiency and alignment across teams [15][16] - The strategy includes investing in technology and service-based solutions to meet customer needs in mission-critical environments [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to support customers and capitalize on market opportunities, particularly in data centers and life sciences [31][40] - The company anticipates continued organic growth and is raising full-year EPS guidance to approximately $4.70 per share, reflecting a 25% increase [27] Other Important Information - The company is actively working on portfolio optimization and has closed the disposition of a residential monitoring security system [90] - There is a focus on improving gross margins and reducing SG&A costs through operational efficiencies [96][97] Q&A Session Summary Question: Order strength and duration - Management confirmed record orders, with significant contributions from life sciences and data centers, indicating a healthy pipeline [31][32] Question: Backlog and organic growth - Management noted that while backlog is strong, not all larger orders are shippable within the next nine months, but organic growth is expected to strengthen over time [34] Question: Market evolution and order growth - Management highlighted broad-based growth in data centers and life sciences, with significant investments in new manufacturing environments [39][40] Question: North America margin trends - Management acknowledged a slight headwind in North America margins but expects improvement in the coming quarters [52][53] Question: Data center lead times - Management reported good progress in reducing lead times and emphasized the importance of predictable delivery in maintaining competitive advantage [76] Question: BMS growth and opportunities - Management characterized BMS growth as solid, with a strong backlog and pipeline of opportunities aligning with mission-critical strategies [80] Question: New product development and market sensitivity - Management discussed ongoing collaboration with major customers to innovate and prepare for future market demands [84][86] Question: Portfolio review and retail business - Management confirmed ongoing strategic review of the portfolio, focusing on creating shareholder value [88][90] Question: Long-term margin opportunities - Management sees potential for gross margin improvement through operational efficiencies and cost reductions [96][97] Question: Labor availability and service business - Management acknowledged tight labor markets but emphasized efforts to enhance productivity and leverage a larger technician base [99][100]

Johnson Controls International (NYSE:JCI) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsJoakim Weidemanis - CEOMarc Vandiepenbeeck - EVP and CFOMike Gates - Senior Director of Investor RelationsConference Call ParticipantsAmit Mehrotra - AnalystAndrew Obin - AnalystAndy Kaplowitz - AnalystChris Snyder - AnalystJeff Sprague - AnalystJoe O'Dea - AnalystJoe Ritchie - AnalystJulian Mitchell - AnalystNigel Coe - AnalystScott Davis - AnalystSteve Tusa - AnalystOperatorWe'll now hand the ...

“Managing energy consumption while sustaining performance is essential, and that is exactly where our technologies remain critical,” Weidemanis said. “Against that backdrop, our data center momentum reflects not only strong demand from existing customers but also success in reaching new customers as our differentiated solutions gain traction.”Johnson Controls’ systems orders grew 84% year over year in its Americas region, leading to a 26% increase in its systems backlog in the quarter. A sharp increase in t ...

Core Insights - Johnson Controls International plc reported fiscal Q1 2026 GAAP earnings per share (EPS) of $0.90, with adjusted EPS at $0.89, reflecting a strong start to the year with solid revenue growth and margin expansion [2][4][9] - Total sales for Q1 increased by 7% to $5.8 billion, with organic sales growth of 6% [2][9] - The company experienced a significant order growth of nearly 40%, indicating strong customer demand in core markets [4][9] Financial Performance - GAAP net income from continuing operations attributable to Johnson Controls was $555 million, while adjusted net income was $547 million [3][9] - Cash provided by operating activities was $611 million, with free cash flow at $531 million and adjusted free cash flow at $428 million [19][42] - The company paid dividends totaling $245 million and completed the sale of its ADT Mexico Security business for net proceeds of $207 million, recognizing a pre-tax gain of $70 million [19] Segment Results - **Americas**: Sales reached $3.8 billion, a 6% increase year-over-year, with a gross margin of $1.375 billion [7][10] - **EMEA**: Sales increased by 9% to $1.3 billion, with a gross margin of $448 million and a segment EBITA margin of 12.5% [10][11] - **APAC**: Sales grew by 8% to $693 million, with a segment EBITA margin of 16.9%, reflecting strong performance in products and systems [12] Orders and Backlog - Excluding M&A and adjusted for foreign currency, orders increased by 56% year-over-year, with a backlog of $13.3 billion, up 22% year-over-year [8][9] - The overall backlog increased to $18.2 billion, reflecting a 20% organic growth year-over-year [9] Corporate Expenses - Corporate expenses decreased to $156 million from $171 million year-over-year, with adjusted corporate expenses at $107 million [13][19] Guidance and Future Outlook - The company provided guidance for fiscal 2026, indicating expectations for continued organic revenue growth and operating leverage improvements [20][15]

Core Insights - The Midwest Energy Efficiency Alliance (MEEA) awarded the Inspiring Efficiency Marketing Award to Walker-Miller Energy Services and ComEd for their collaborative Energy Saving Kits program aimed at promoting clean energy access [1][7]. Company Initiatives - Walker-Miller Energy Services and ComEd developed a unique outreach strategy to distribute free energy-efficient product kits, utilizing market segmentation data for targeted email outreach [3][5]. - The Energy Saving Kits include LED light bulbs, night lights, and weatherization products, designed to enhance household energy efficiency and reduce monthly energy bills for income-eligible customers [4][3]. Marketing and Engagement - ComEd's email marketing campaign effectively informed customers about the Energy Saving Kits, leading to increased engagement and requests from previously unaware customers [5]. - The campaign prioritized income-eligible households, ensuring that energy-saving resources reached those most in need, resulting in a significant increase in kit requests [5][6]. Program Impact - Since its launch in 2008, ComEd's energy-efficiency program has saved customers over $12 billion on energy bills and reduced electricity consumption by 103 million megawatt-hours, equivalent to preventing over 77 billion pounds of carbon emissions [8][9]. - The impact of these savings is comparable to planting more than 35 million acres of trees, highlighting the environmental benefits of the program [9]. Organizational Background - Walker-Miller Energy Services is a Certified B Corporation focused on clean energy, diversity, equity, and inclusion, while ComEd serves over 10.7 million customers in northern Illinois [10][11]. - MEEA promotes energy efficiency as a pathway to a clean, affordable, and sustainable future, serving as a resource for members and policymakers [12].

Financial Data and Key Metrics Changes - The company reported NFE of $118.2 million or $1.17 per share for the quarter, reflecting disciplined execution and solid performance across its businesses [31] - The fiscal 2026 NFEPS guidance was raised by $0.25 to a range of $3.28-$3.43 per share, marking the sixth consecutive year of raising guidance [24][33] - The company expects to invest approximately $5 billion over the next five years, representing a 40% increase compared to the previous five years of capital expenditures [6][16] Business Line Data and Key Metrics Changes - New Jersey Natural Gas is positioned for high single-digit rate-based growth through 2030, with significant investments directed towards strengthening core infrastructure and enhancing system safety [7][8] - Storage and Transportation (S&T) is expected to more than double net financial earnings by 2027, driven by favorable recontracting of both Adelphia and Leaf River [9][28] - Clean Energy Ventures (CEV) anticipates a 50% increase in in-service capacity over the next two years, supported by a robust pipeline of projects [11][30] Market Data and Key Metrics Changes - The company reported record send-outs during a recent cold weather event, highlighting the critical role of natural gas services in the local economy [25] - New Jersey Natural Gas was over 87% hedged going into the winter, with an average hedged price of approximately $2.20 per dekatherm, compared to much higher spot prices during the event [26] Company Strategy and Development Direction - The company emphasizes consistency in execution and targeted capital deployment, with a focus on maintaining a healthy balance sheet and strong credit metrics [6][7] - The company is actively pursuing organic growth opportunities in its S&T segment and has filed a FERC application to increase working gas capacity by over 70% at Leaf River [10][29] - The company aims to work with the new administration in New Jersey to address affordability issues and promote clean energy solutions [19][35] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of affordability and energy efficiency programs in mitigating customer costs, especially during extreme weather events [25][26] - The company remains optimistic about its growth prospects, with clear visibility into capital spending and a balanced, diversified energy infrastructure [19][36] Other Important Information - The company achieved 30 consecutive years of dividend increases, underscoring confidence in its long-term plan [13] - The company’s Energy Services segment outperformed expectations, contributing significantly to cash flow generation [33] Q&A Session Summary Question: Energy Services performance and weather impact - Management noted that the guidance revision reflects performance through January and cannot incorporate future weather events [39] Question: S&T capacity expansion and contracts - Management confirmed contracts for initial capacity expansion but indicated that further expansion opportunities are being explored [40][41] Question: Regulatory backdrop and affordability efforts - Management emphasized ongoing efforts to drive affordability and work with the administration on regulatory strategies [46][47] Question: CEV plans and regulatory impact - Management discussed the potential for permit reform to accelerate project development and enhance capacity [48][49] Question: Solar pipeline and geographic diversity - Management indicated that about 50% of future projects are outside New Jersey, with ongoing efforts to pursue favorable regulatory environments [59] Question: Hedging strategy and regulatory recognition - Management confirmed that regulators are aware of the benefits of the hedging strategy, which has helped mitigate costs for customers [67]

Core Insights - ComEd, in collaboration with Walker-Miller Energy Services, received the Inspiring Efficiency Marketing Award for its Energy Saving Kits portal and marketing program at the Midwest Energy Solutions Conference [1][7] Company Initiatives - ComEd aims to expand access to energy-saving programs, particularly for income-eligible customers, to reduce energy use and environmental impact [2] - The Energy Saving Kits program has been available for approximately 10 years, providing complimentary kits with energy-saving products to eligible customers [2] Program Impact - Approximately 20,000 Energy Saving Kits were delivered, resulting in over 12,300 megawatt hours of electricity savings and 724,200 therms of natural gas savings, equating to nearly $3 million in customer savings on energy bills [3][4] - Since its launch in 2008, ComEd's energy-efficiency program has saved customers over $12 billion on energy bills and reduced electricity consumption by 103 million megawatt-hours, preventing over 77 billion pounds of carbon emissions [8] Marketing and Outreach - ComEd and Walker-Miller utilized targeted email outreach based on market segmentation data to effectively distribute the Energy Saving Kits [4][5] - The campaign prioritized income-eligible households, significantly increasing kit requests and ensuring resources reached those most in need [5] Recognition and Awards - The Inspiring Efficiency Marketing Award recognizes impactful campaigns that enhance participation in energy efficiency programs and promote energy-efficient product adoption [6][8]