4 June 2025 | 4:10PM EDT GS SUSTAIN: AI/Data Center Power Surge & Reliability How higher costs and US policy shifts impact the Green Reliability Premium Brian Singer, CFA +1(212)902-8259 | brian.singer@gs.com Goldman Sachs & Co. LLC Brendan Corbett +1(415)249-7440 | brendan.corbett@gs.com Goldman Sachs & Co. LLC Carly Davenport +1(212)357-1914 | carly.davenport@gs.com Goldman Sachs & Co. LLC Brian Lee, CFA +1(917)343-3110 | brian.k.lee@gs.com Goldman Sachs & Co. LLC Strong demand and government actions are ...

Core Insights - JinkoSolar has been recognized as a Top Performer across all seven reliability categories in the 2025 PV Module Reliability Scorecard by Kiwa PVEL [1][2] - This achievement marks the 11th consecutive time JinkoSolar has earned this status, making it one of only two manufacturers to do so [2] - JinkoSolar excelled particularly in the Hail Stress Sequence category, being the only manufacturer to achieve Top Performer recognition in both years the test has been conducted [3] Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products to a diverse international customer base [5] - The company operates over 10 production facilities and has more than 20 overseas subsidiaries across various countries, including the United States, Germany, and India [6] - JinkoSolar has a global sales network with teams in multiple countries, enhancing its market reach [6]

Incident Summary - An unauthorized modification was made to the Grok response bot's prompt on X at approximately 3:15 AM PST on May 14 [1] - The modification directed Grok to provide a specific response on a political topic, violating xAI's internal policies and core values [1] Remedial Actions - xAI is publishing Grok system prompts openly on GitHub for public review and feedback [2] - xAI will implement additional checks and measures to prevent unauthorized prompt modifications [2] - xAI is establishing a 24/7 monitoring team to respond to incidents with Grok's answers [3]

Agreement maintains reliable electricity supply in Baltimore through May 2029HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen”) (NASDAQ: TLN) announced today that the Federal Energy Regulatory Commission (the “FERC”) has approved the terms under which Talen will operate units at its Brandon Shores and H.A. Wagner power plants until May 31, 2029, beyond their scheduled May 31, 2025 retirement dates. Talen, PJM Interconnection, L.L.C. (“PJM”), and a broad coalition of the Maryland Pu ...

Sixth Street Specialty Lending (TSLX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Sixth Street Specialty Lending, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' 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. You will then hear automated message if your han ...

PJT Partners (PJT) Q1 2025 Earnings Call April 29, 2025 01:28 PM ET Speaker0 Good day, everyone, and welcome to the TJT Partners First Quarter twenty twenty five Earnings Conference Call. Just a reminder, today's conference is being recorded. And at this time, I would like to turn the conference over to Ms. Sharon Pearson, Head of Investor Relations. Please go ahead, ma'am. Speaker1 Thank you very much, Bo. Good morning, and welcome to the PJT Partners First Quarter twenty twenty five Earnings Call. I'm Sha ...

Audited annual report 2024 of AS Pro Kapital Grupp The Supervisory Board of AS Pro Kapital Grupp has approved the Group’s audited annual report for 2024. In 2024, AS Pro Kapital Grupp (hereafter referred to as the Group) revenue amounted to 18.2 million euros, representing a decrease of 4.9 million euros compared to the previous financial year. The decrease in revenue resulted from lower sales volumes, as most of the available units had already been sold, and the Group’s main focus in 2024 remained on the c ...

PJT Partners (PJT) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Sharon Pearson - Partner & Head - Investor RelationsPaul Taubman - Founder, Chairman & CEOHelen Meates - CFOAlexander Jenkins - Equity Research AssociateBrendan O'Brien - Senior Vice PresidentBenjamin Rubin - Director, Equity Research Conference Call Participants James Yaro - AnalystJames Mitchell - Senior Equity Analyst Operator Good day, everyone, and welcome to the TJT Partners First Quarter twenty twenty five Earnin ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2025 were $540.5 million, down from $651.7 million in Q1 2024, primarily due to reduced coal sales volumes and prices as well as lower transportation revenues [5] - Average coal sales price per ton decreased by 6.9% year-over-year to $60.29, but increased by 0.5% sequentially [5] - Net income for Q1 2025 was $74 million, compared to $158.1 million in Q1 2024, reflecting lower coal sales volumes and realized prices [11] - Adjusted EBITDA for Q1 2025 was $159.9 million [11] - Total debt outstanding was $484.1 million, with total liquidity at $514.3 million [12] Business Line Data and Key Metrics Changes - Total coal production in Q1 2025 was 8.5 million tons, a decrease of 7.2% compared to Q1 2024, while coal sales volumes decreased by 10.4% to 7.8 million tons [5][6] - In the Illinois Basin, coal sales price per ton decreased by 4.2%, while in Appalachia, it decreased by 8.5% [5] - Segment adjusted EBITDA expense per ton sold for coal operations was $42.75, an increase of 4.7% year-over-year [7] Market Data and Key Metrics Changes - The domestic market strengthened in early 2025 due to cold weather, higher natural gas prices, and declining coal inventories, leading to increased coal consumption [19] - The company has secured commitments for an additional 17.7 million tons over the 2025 to 2028 period, with 32.5 million tons committed in price for 2025 [14] - Coal consumption in Q1 2025 was 20% higher than the previous year [69] Company Strategy and Development Direction - The company plans to prioritize domestic market contracts over new export contracts due to strong domestic demand [19] - The company is committed to maintaining a strong balance sheet and disciplined capital allocation while monitoring trade policy impacts [27] - The company expects to see cost improvements in Appalachia as mining conditions improve [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the executive orders from the administration regarding coal and grid reliability are positive for the industry [21][22] - The company anticipates a material improvement in full-year costs to offset lower realized pricing in the coal business for 2025 [15] - Management expressed confidence in achieving cost guidance for Appalachia as operations improve [45] Other Important Information - The company declared a quarterly distribution of $0.70 per unit for Q1 2025, unchanged from previous quarters [12][27] - The company plans to invest in oil and gas minerals and data center infrastructure, depending on market conditions [50][56] Q&A Session Summary Question: Comments on President Trump's executive orders and coal plant retirement delays - Management indicated that most utilities served intend to take advantage of extensions for coal plants and are responsive to increased electricity demand [36][37] Question: Impact of trade policies on business - Management discussed the impact of tariff increases on steel and aluminum and the uncertainty surrounding trade policies, but noted the administration's awareness of the energy sector's importance [41][43] Question: Confidence in achieving cost per ton guidance for Appalachia - Management expressed confidence in achieving cost guidance, with improvements expected in the second half of 2025 as operations stabilize [45][46] Question: Capital allocation strategy in the current environment - Management stated that capital allocation is focused on maintenance capital for coal operations, while also evaluating growth opportunities in data center infrastructure [49][50]

Lazard Inc. (NYSE:LAZ) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Peter Orszag - Chairman, Chief Executive Officer Mary Ann Betsch - Chief Financial Officer Evan Russo - Chief Executive Officer, Asset Management Alexandra Deignan - Head of Investor Relations and Treasury Conference Call Participants Mike Brown - Wells Fargo James Yaro - Goldman Sachs Ben Rubin - UBS Ryan Kenny - Morgan Stanley Alex Jenkins - Citizens JMP Brendan O’Brien - Wolfe Research Operator We stan ...