Core Insights - Kaiser Aluminum Corporation reported a strong financial performance for the third quarter of 2025, with net income reaching $40 million, or $2.38 per diluted share, a significant increase from $9 million and $0.54 in the same period last year [2][5][10] - The company raised its full-year 2025 Adjusted EBITDA outlook, reflecting improved operational performance and rising metal prices, despite incurring approximately $20 million in non-recurring startup costs [3][17] Financial Performance - Third quarter 2025 net sales increased to $844 million from $748 million year-over-year, driven by a 28% rise in the Hedged Cost of Alloyed Metal [10][11] - Shipments decreased by 8% year-over-year to 270 million pounds, primarily due to a planned partial outage at the Trentwood facility [10][11] - Adjusted net income for the quarter was $31 million, or $1.86 per diluted share, up from $5 million and $0.31 in the prior year [2][5] Operational Highlights - The company achieved an Adjusted EBITDA of $81 million with an Adjusted EBITDA margin of 23.2% for the third quarter [5][6] - The net debt leverage ratio improved to 3.6x as of September 30, 2025, down from 4.3x at the end of 2024 [5][14] Market Dynamics - The favorable metal price lag contributed approximately $28 million to earnings in the third quarter, compared to $7 million in the same quarter of the previous year [9][10] - The company expects Conversion Revenue for the full year 2025 to be flat to up 5% year-over-year, with Adjusted EBITDA projected to improve by 20% to 25% [17] Cash Flow and Liquidity - As of October 14, 2025, the company had total liquidity of $602 million, including $42 million in cash and $560 million available under its Revolving Credit Facility [15] - The company declared a quarterly cash dividend of $0.77 per share, payable on November 14, 2025 [16]

Third Quarter 2025 Earnings Release 2 Steadily Increasing Fixed Dividend $0.10 $0.20 $0.40 $0.60 $0.80 $1.25 $1.50 Q1 2021 Q4 2021 Q3 2022 Q1 2023 Q4 2023 Q1 2025 Q4 2025 October 21, 2025 Investor Relations Contact and Disclosure Statements Investor Relations Contact Mac Schmitz Senior Vice President – Investor Relations Phone: (972) 371-5225 E-mail: investors@matadorresources.com Safe Harbor Statement – This presentation and statements made by representatives of Matador Resources Company ("Matador" or the ...

Core Insights - Waste Connections reported better than expected financial results for Q3 2025, driven by superior execution and improved operating trends [1][5] - The company achieved a revenue of $2.458 billion, an increase from $2.338 billion in the same period last year, with adjusted net income rising to $372 million or $1.44 per diluted share [2][5] - The company plans to increase its quarterly cash dividend by 11.1% and continue its acquisition activities, having closed or entered agreements for approximately $300 million in annualized revenue [1][5] Q3 2025 Results - Revenue for Q3 2025 was $2.458 billion, up from $2.338 billion in Q3 2024 [2] - Operating income was $439.6 million, which included $60.1 million in impairments and other operating items [2] - Net income for the quarter was $286.3 million, or $1.11 per diluted share, compared to $308 million or $1.19 per diluted share in the prior year [2] - Adjusted net income was $372 million, or $1.44 per diluted share, compared to $350 million or $1.35 per diluted share in the previous year [2] - Adjusted EBITDA for the quarter was $830.3 million, up from $787.4 million in the prior year [2] Year-to-Date Results - For the nine months ended September 30, 2025, revenue was $7.094 billion, an increase from $6.659 billion in the same period last year [3] - Operating income for the nine months was $1.289 billion, including $70.6 million from impairments and other operating items [3] - Net income for the nine months was $818.1 million, or $3.16 per diluted share, compared to $813.6 million or $3.15 per diluted share in the previous year [3] - Adjusted net income for the nine months was $998.3 million, or $3.86 per diluted share, compared to $938.7 million or $3.63 per diluted share in the prior year [3] Operational Highlights - The company experienced a solid waste margin expansion of approximately 80 basis points in Q3 2025 [1] - Employee turnover decreased, and safety incident rates reached a record low, contributing to improved operational performance [1] - The adjusted EBITDA margin for Q3 2025 was 33.8% of revenue, exceeding expectations [5] Shareholder Returns and Capital Management - The company announced an 11.1% increase in its regular quarterly dividend [5] - Share repurchases accounted for approximately 1% of shares outstanding [1][5] - Waste Connections remains well-positioned to fund its growth strategy while increasing returns to shareholders [1]

Core Insights - BrightSpring Health Services, Inc. reported preliminary financial results for Q3 2025, showing significant revenue growth and improved Adjusted EBITDA guidance [1][2][5] Financial Performance - Total revenue for Q3 2025 reached approximately $3,334 million, a 28.2% increase from $2,601 million in Q3 2024 [5][4] - Gross profit for Q3 2025 was approximately $392 million, up 21.3% from $323 million in Q3 2024 [5][4] - The company achieved a net income of approximately $37.5 million in Q3 2025, compared to a net loss of approximately $25.7 million in Q3 2024 [5][4] - Adjusted EBITDA for Q3 2025 was approximately $160 million, reflecting a 37.2% increase from $117 million in Q3 2024 [5][4] Segment Performance - Pharmacy Solutions revenue for Q3 2025 was $2,967 million, a 31% increase from $2,266 million in Q3 2024 [4][5] - Provider Services revenue for Q3 2025 was $367 million, a 9% increase from $336 million in Q3 2024 [4][5] - Total Adjusted EBITDA for the company was $202 million for Q3 2025, up 33% from $151 million in Q3 2024 [6][5] Future Guidance - The company increased its 2025 revenue guidance to between $12,400 million and $12,700 million, representing a growth of 23.1% to 26.1% compared to 2024 [5][4] - Adjusted EBITDA guidance for 2025 is set between $605 million and $615 million, indicating a growth of 31.5% to 33.7% [5][4] Upcoming Events - BrightSpring will announce full Q3 results on October 28, 2025, and will host a conference call at 4:30 p.m. Eastern Time on the same day [3][1]

Core Insights - CorMedix Inc. reported preliminary unaudited net revenue for Q3 2025 exceeding $125 million, with DefenCath contributing more than $85 million to this total [1][4] - The company has raised its full-year 2025 pro forma net revenue guidance to at least $375 million, up from the previous range of $325-$350 million [1][4] - CorMedix anticipates achieving approximately $30 million in operating synergies on a go-forward run-rate basis before the end of 2025 [1][4] Financial Performance - Preliminary Q3 2025 unaudited net revenue is reported to be over $100 million, with DefenCath revenue growth driven by higher utilization from LDO customers and other clients [4] - The company expects adjusted EBITDA for Q3 2025 to be at least $70 million [4] - As of September 30, 2025, cash, cash equivalents, and short-term investments totaled approximately $56 million, with a projected year-end balance of around $100 million [4] Business Developments - CorMedix has made significant progress in integrating the recently acquired Melinta portfolio, with expected cost synergies of $30 million before Q4 2025 and an additional $5-$15 million targeted for 2026 [4] - The company has completed enrollment in the Phase III ReSPECT study for Rezzayo, aimed at preventing fungal infections in patients undergoing allogeneic blood and marrow transplants, with clinical data expected in Q2 2026 [4][6] - The total addressable market for prophylaxis is estimated to exceed $2 billion [4] Product Portfolio - CorMedix is focused on developing and commercializing therapeutic products for life-threatening conditions, including DefenCath for preventing catheter-related bloodstream infections [5] - Following the acquisition of Melinta Therapeutics, the company is also commercializing a range of anti-infective products, including MINOCIN, REZZAYO, VABOMERE, ORBACTIV™, BAXDELA, and KIMYRSA [5]

Portfolio Composition - As of September 30, 2025, the total portfolio comprised 417 properties, including 414 in service, 3 completed developments not in service, and 6 properties under construction[32] - The in-service portfolio's gross leasable area (GLA) totaled 68,526,496 square feet with an occupancy rate of 940%[32] - The company's same-store pool consisted of 395 properties, representing 63,390,096 square feet, which is 93% of the in-service square footage[34] Financial Performance - For the three months ended September 30, 2025, lease revenue was $179424 thousand, compared to $165909 thousand for the same period in 2024[15] - Net income available to common stockholders for the three months ended September 30, 2025, was $65306 thousand, compared to $99363 thousand for the same period in 2024[15] - Funds From Operations (FFO) for the three months ended September 30, 2025, was $103514 thousand, compared to $92479 thousand for the same period in 2024[16] - Same Store Revenues increased by 82% for the three months ended September 30, 2025, reaching $165101 thousand[34] Debt Analysis - As of September 30, 2025, total debt outstanding was $2412834 thousand, with a weighted average maturity of 38 years[21,22] - The weighted average interest rate on total debt was 411% for the three months ended September 30, 2025[22] Acquisitions and Dispositions - Total property acquisitions in 2025 amounted to $1463 million, including the purchase of Camelback 303 Buildings A & B in Phoenix for $1200 million[48] - Property sales in 2025 totaled $269 million, including the sale of 28435 Automation Blvd & 47711 Clipper Street in Detroit for $119 million[62]

Core Insights - First Industrial Realty Trust, Inc. reported a diluted net income per share of $0.49 for Q3 2025, down from $0.75 in the same quarter last year, while funds from operations (FFO) increased to $0.76 per share/unit from $0.68 a year ago [2][6][20] Financial Performance - Total revenues for Q3 2025 were $181.43 million, compared to $167.65 million in Q3 2024, marking an increase of approximately 8.5% [17] - Property expenses increased to $46.19 million from $44.88 million year-over-year [17] - Net income available to common stockholders was $65.31 million in Q3 2025, down from $99.36 million in Q3 2024 [17][20] Leasing and Occupancy - The company signed 772,000 square feet of new leases during Q3 2025, with a cash rental rate increase of 32% on leases commencing in 2025 and 31% for those starting in 2026 [6][7] - In-service occupancy was reported at 94.0% at the end of Q3 2025, slightly down from 94.2% in Q2 2025 and 95.0% in Q3 2024 [7] Development and Investment Highlights - The company acquired an income-producing land site in Northern California for $11 million and sold a 60,000 square-foot building in Denver for $13 million [6][7] - The company has increased its 2025 NAREIT FFO guidance by $0.04 at the midpoint to a range of $2.94 to $2.98 per share/unit [6][9] Market Outlook - The CEO noted that industrial fundamentals are firming, with vacancy rates stabilizing and new starts remaining moderate, indicating a positive outlook for leasing and growth opportunities [3][9]

Financial Performance - Q3 2025 - Martin Midstream Partners (MMLP) reported an Adjusted EBITDA of $19.3 million for Q3 2025[3] - This is a decrease compared to the $25.1 million Adjusted EBITDA in Q3 2024[3,4] - Net loss for Q3 2025 was $8.4 million[3] Segment Performance - Q3 2025 vs Q3 2024 (Adjusted EBITDA) - Transportation segment decreased from $11.6 million in Q3 2024 to $5.3 million in Q3 2025[3] - Terminalling & Storage segment increased from $8.4 million in Q3 2024 to $9.7 million in Q3 2025[3] - Sulfur Services segment decreased from $4.2 million in Q3 2024 to $3.9 million in Q3 2025[3] - Specialty Products segment decreased from $4.6 million in Q3 2024 to $3.9 million in Q3 2025[3] Financial Performance - Year-to-Date (YTD) Q3 2025 - MMLP's YTD Q3 2025 Adjusted EBITDA was $74.3 million[5] - This is a decrease compared to the $87.3 million Adjusted EBITDA for YTD Q3 2024[5,6] - Net loss for YTD Q3 2025 was $11.9 million[5] Segment Performance - YTD Q3 2025 vs YTD Q3 2024 (Adjusted EBITDA) - Transportation segment decreased from $36.0 million in YTD Q3 2024 to $21.8 million in YTD Q3 2025[5] - Terminalling & Storage segment increased from $25.4 million in YTD Q3 2024 to $25.8 million in YTD Q3 2025[5] - Sulfur Services segment increased from $21.4 million in YTD Q3 2024 to $25.1 million in YTD Q3 2025[5] - Specialty Products segment decreased from $15.7 million in YTD Q3 2024 to $12.8 million in YTD Q3 2025[5]

Core Insights - Ferrellgas Partners, L.P. reported growth in annual sales volume, revenue, gross profit, and adjusted EBITDA for fiscal year 2025, despite a decrease in adjusted EBITDA for the fourth quarter [2][5]. Financial Highlights - For the fourth fiscal quarter, adjusted EBITDA decreased by $10.5 million, or 31%, to $23.1 million compared to $33.6 million in the prior year quarter, primarily due to increased general and administrative expenses and operating expenses [3][4]. - For fiscal 2025, adjusted EBITDA increased by $13.3 million, or 4%, to $330.7 million compared to $317.4 million in fiscal 2024, driven by a $39.7 million increase in gross profit [5][6]. - Gross profit for fiscal 2025 reached over $1.0 billion, a 4% increase, attributed to a $101.2 million increase in revenues, partially offset by a $61.5 million increase in cost of product [6][10]. Operational Highlights - Gallons sold for the fourth fiscal quarter decreased by 3.3 million gallons, or 2%, but increased by 20.4 million gallons, or 3%, for fiscal 2025 [12]. - Retail sales increased by $2.9 million, or 2%, for the fourth fiscal quarter and $48.3 million, or 4%, for fiscal 2025, with growth across all customer types except agricultural customers [13]. - Wholesale sales increased by $0.4 million, or 0.2%, for the fourth fiscal quarter and $41.6 million, or 8%, for fiscal 2025 [14]. Expense Analysis - The increase in operating expenses for fiscal 2025 was $24.7 million, driven by increases in plant and other expenses and personnel costs [5][7]. - Interest expense increased by $9.8 million, primarily due to higher amortization of debt issuance costs and other interest charges [8]. Net Loss - The company recognized a net loss attributable to Ferrellgas Partners, L.P. of $26.8 million for the fourth fiscal quarter and $15.6 million for fiscal 2025, compared to net earnings of $110.2 million in fiscal 2024 [9][22].

Core Insights - Dragonfly Energy Holdings Corp. reported preliminary third quarter 2025 Net Sales of $16.0 million, representing a 26% year-over-year growth, and Adjusted EBITDA loss of $(2.2) million, which is an improvement from the previous guidance [2][3] Financial Performance - The anticipated third quarter 2025 Net Sales of $16.0 million exceeded the guidance of $15.9 million, while the Adjusted EBITDA loss of $(2.2) million was better than the guidance of $(2.7) million [2][3] - The results indicate a $3.3 million reduction in Adjusted EBITDA loss compared to the previous year [2] Management Commentary - The CEO emphasized the focus on driving near-term revenue growth and executing strategic actions, including a recent equity raise, to enhance financial flexibility and position the company for sustained growth and profitability [3] Upcoming Events - A conference call to discuss the third quarter 2025 financial and operational results is scheduled for November 14 at 4:30 PM Eastern Time, accessible via webcast and telephone [5][6] Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is recognized for its Battle Born Batteries® brand [7][8] - The company aims to advance clean energy through its proprietary, nonflammable, all-solid-state battery cells [8]