Core Insights - Nabors Industries reported third quarter 2025 operating revenues of $818 million, a decrease from $833 million in the previous quarter. However, net income attributable to shareholders was $274 million, a significant recovery from a net loss of $31 million in the second quarter. This resulted in earnings per diluted share of $16.85, compared to a loss of $2.71 in the prior quarter. The quarter included a one-time after-tax gain of $314 million from the sale of Quail Tools, equating to $20.52 per diluted share [1][2][3]. Financial Performance - The third quarter adjusted EBITDA was $236 million, down from $248 million in the previous quarter [1][2]. - The sale of Quail Tools was highlighted as a transformative event, with $330 million used to reduce gross debt, expected to decrease by over 20% compared to June 30, 2025, leading to an annual interest expense reduction of approximately $45 million [3][14]. - Consolidated adjusted free cash flow for the third quarter was $6 million, down from $41 million in the prior quarter, impacted by lower collections in Mexico and reduced cash flow from the Quail Tools operation [11][13]. Segment Performance - International Drilling adjusted EBITDA increased to $127.6 million from $117.7 million in the previous quarter, driven by an increase in average rig count and improved daily margins [7][8]. - The U.S. Drilling segment reported adjusted EBITDA of $94.2 million, a decrease from $101.8 million, attributed to moderating industry demand [8][9]. - Drilling Solutions adjusted EBITDA was $60.7 million, down from $76.5 million, with a notable contribution from Quail Tools in the second quarter [9][10]. Operational Highlights - The company successfully deployed additional rigs in the Eastern Hemisphere, including 13 new builds in Saudi Arabia, with daily drilling margins approaching $18,000 [5][6]. - The integration of Parker Wellbore businesses has shown a sequential increase in adjusted EBITDA contribution by over 70%, with further cost synergies expected [16][20]. Outlook - For the fourth quarter of 2025, Nabors anticipates a Lower 48 average rig count of 57-59 rigs and a daily adjusted gross margin of approximately $13,000 [17][20]. - Adjusted free cash flow is projected to be around $10 million, with capital expenditures estimated at $180-190 million [20].

FTAI AVIATION Q3 2025 Earnings Supplement OCTOBER 2025 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this Presentation. FORWARD-LOOKING S ...

EXHIBIT 99.2 | 3 | Highlights | | --- | --- | | 4 | Customer Metrics | | 7 | Financial Metrics | | 13 | Capital Structure | | 14 | Guidance | | 15 | Contacts | | 16 | Financial and Operational Tables | 2 (1) AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus expectations if results are not yet reported. (2) Core Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Free Cash Flo ...

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 - Ionik Corporation reported record quarterly revenue of $53.5 million for Q2 2025, representing a 20% increase compared to Q2 2024 and a 28% increase over Q1 2025 [1][4] - The company achieved a record adjusted EBITDA of $9.3 million, which is a 58% increase from Q2 2024 and a 47% increase from Q1 2025 [1][4] - Ionik generated adjusted free cash flow of $7.3 million, with a conversion rate of 79%, up from $3.9 million and a 67% conversion rate in Q2 2024 [1][4] Financial Performance - Revenue growth was primarily driven by the acquisitions of Nimble5, LLC and Rise4 Inc. in 2024 [4] - Gross profit increased by 28% to $21.4 million, resulting in a gross profit margin of 40%, compared to 37% in Q2 2024 [4] - The net loss after tax from continuing operations was $2.8 million, compared to a net income of $0.1 million in Q2 2024 [4] Debt and Cash Position - Cash as of June 30, 2025, was $5.1 million, down from $12.7 million at the end of Q1 2025 [4] - Total undiscounted debt decreased by $5 million to $117.5 million, with senior lender debt at $79.7 million [4] - Senior debt net of cash was $74.6 million, compared to $71.4 million at the end of Q1 2025 [4] Management Commentary - The CEO of Ionik highlighted the company's strong performance in a dynamic market and emphasized the successful integration of its two platforms, which has improved service to customers and gross profit margins [5]

Financial Performance - Q2 2025 revenue decreased by 0.8% year-over-year to CHF 732 million, while H1 2025 revenue decreased by 2.1% year-over-year to CHF 1,454 million[40] - Q2 2025 Adjusted EBITDAaL increased by 1.9% year-over-year to CHF 254 million, representing 34.7% of revenue, while H1 2025 Adjusted EBITDAaL increased by 1.1% year-over-year to CHF 494 million, representing 34.0% of revenue[40] - Q2 2025 CAPEX decreased by 7.9% year-over-year to CHF 116 million, representing 15.9% of revenue[40] - Q2 2025 Adjusted Free Cash Flow was CHF 153 million[40] - Sunrise reconfirmed its FY 2025 guidance, expecting broadly stable revenue, stable to low-single digit growth in Adjusted EBITDAaL, CAPEX/Revenue between 15-16%, and Adjusted FCF between CHF 370-390 million[13, 61] Commercial Developments - Sunrise completed the 3G switch-off, becoming the first operator in Europe with a modern 4G/5G Standalone only network[13] - Sunrise launched new product offerings, including a refresh of the Yallo Portfolio and completion of the UPC customer base migration[13] - Fixed Mobile Convergence continued to increase, up by 1.4% year-over-year[35] - Sunrise extended Swiss National League hockey rights until 2035[25] Customer Metrics - Mobile ARPU trend is improving as subscription revenue stabilizes due to price increases[35] - Fixed ARPU is declining year-over-year but showing an upward trend due to price increases[35] - Net additions growth in Q2 2025 was softer due to reduced commercial activity and price increases[35] Debt and ADS - Sunrise priced new EUR 550 million Senior Secured Notes due 2032 to refinance existing Term Loans[13] - Sunrise Class A American Depositary Shares were delisted from Nasdaq on August 15, 2025, with termination of the sponsored ADS programs planned for around mid-November 2025[13]

Financial Performance - Q2 2025 - Net sales for the quarter were $1.54 billion[5], a decrease of $96.1 million compared to the same period in 2024[15] - Adjusted EBITDA was $202.2 million, representing 13.2% of sales[5] - Adjusted Free Cash Flow for the quarter was $48.7 million[5] - Net income was $39.3 million, or $0.32 diluted EPS[15] Financial Outlook - 2025 - Full year sales are projected to be between $5.75 billion and $5.95 billion[13] - Adjusted EBITDA is targeted between $695 million and $745 million[13] - Adjusted Free Cash Flow is expected to be between $175 million and $215 million[13] Business Updates - AAM and Dowlais stockholders approved the proposed combination on July 15 and 22, 2025, respectively[9] - AAM completed the divestiture of its commercial vehicle business in India to Bharat Forge Limited (BFL) for approximately $65 million[11] - AAM will supply front electric drive units (EDUs) and rear e-Beam axles for Scout Motors' new SUV and pickup truck[10] Liquidity and Debt - Net debt stood at $2.0 billion[22] - The net leverage ratio was 2.8x[22] - The company maintains strong liquidity of over $1.5 billion[22]

Financial Performance & Outlook - Vital Energy reported 2Q-25 Adjusted Free Cash Flow of $36 million[10] - 2Q-25 Consolidated EBITDAX was $338 million[10] - The company is reaffirming its 2025 outlook for Adjusted Free Cash Flow of approximately $305 million[19] - Vital Energy anticipates reducing net debt by approximately $310 million by year-end 2025[36] Production & Capital Investments - 2Q-25 total production was 137900 MBOE/d, exceeding the midpoint of guidance[10] - 2Q-25 oil production was 62100 MBO/d[10] - Capital investments for 2Q-25 totaled $257 million[10] - The company expects FY-25 total production to be between 136500 and 139500 MBOE/d, with oil production between 63300 and 65300 MBO/d[7] Cost Optimization & Efficiency - Vital Energy has optimized its cost structure, reducing ongoing expenses by approximately 6% versus initial expectations[12] - The company reduced employee/contractor headcount by approximately 10% in June 2025[17] - The company is improving capital efficiency in the second half of 2025 with reduced DC&E capital costs[24, 25, 26] Hedging & Debt Management - Approximately 95% of expected 2H-25 oil production is hedged at approximately $69 per barrel WTI[55] - The company's total liquidity as of June 30, 2025, was $685 million[33] Inventory & Development - Vital Energy has approximately 920 inventory locations[7] - The company is enhancing capital efficiency with Horseshoe and J-Hook well designs[55] - The company has approximately 11 years of high-quality Permian Basin inventory[47]

Core Insights - Ring Energy, Inc. reported strong operational and financial performance for Q2 2025, achieving record oil sales and adjusted free cash flow despite a challenging pricing environment [3][5][8] - The company successfully reduced capital expenditures by 48% compared to Q1 2025, while maintaining a 2% year-over-year production growth [3][5] - Management emphasized a value-focused strategy that allows for adaptability in fluctuating market conditions, prioritizing debt reduction in the current low-price landscape [3][5] Financial Performance - Average daily sales volumes reached 21,295 Boe/d, a 16% increase from Q1 2025 and an 8% increase year-over-year [5][24] - Net income for Q2 2025 was $20.6 million, a 126% increase from Q1 2025, while adjusted net income was $11.0 million [5][21] - Adjusted EBITDA for the quarter was reported at $51.5 million, an 11% increase from Q1 2025 [5][21] Capital Expenditures and Cash Flow - Capital expenditures for Q2 2025 were $16.8 million, down 48% from the previous quarter and 53% year-over-year [5][21] - The company generated a record adjusted free cash flow of $24.8 million, a 328% increase from Q1 2025 [5][21] - Total liquidity as of June 30, 2025, was approximately $137.0 million, with $448 million in borrowings outstanding on its credit facility [8][27] Production and Sales - The company sold a record 14,511 barrels of oil per day, exceeding guidance, and total sales on a Boe basis were near the mid-point of guidance [5][24] - Realized prices for crude oil decreased by 11% to $62.69 per barrel compared to Q1 2025, reflecting a broader decline in commodity prices [5][24] - The company reaffirmed production and capital expenditure guidance for the second half of 2025, with a focus on maximizing cash flow and controlling costs [11][12] Operational Efficiency - Lease operating expenses (LOE) were reported at $10.45 per Boe, which is 9% below the low end of guidance due to cost reduction efforts [5][24] - The company successfully drilled and completed two new wells in Q2 2025, contributing to its production growth [9][10] - The operational strategy focuses on oil-rich assets with low operating costs, ensuring resilience against price volatility [3][5]

Core Insights - Vital Energy reported a net loss of $582.6 million for Q2 2025, primarily due to a non-cash impairment loss of $427 million on oil and gas properties and a valuation allowance against federal net deferred tax assets of $237.9 million [5][6][11] - The company achieved an Adjusted Net Income of $76.1 million, with cash flows from operating activities amounting to $252.3 million and Consolidated EBITDAX of $338.1 million [5][11] - Production averaged 137,864 BOE/d, with oil production at 62,140 BO/d, slightly impacted by weather and temporary curtailments [7][9] Financial Results - The net loss per diluted share was $(15.43), while Adjusted Net Income per adjusted diluted share was $2.02 [5][11] - Total revenues for Q2 2025 were $429.6 million, down from $476.4 million in Q2 2024 [36] - Lease operating expenses (LOE) were reported at $107.8 million, which was 6% lower than the midpoint of guidance [9][10] Production and Operations - Vital Energy's total production for the quarter was 137,864 BOE/d, with oil production at 62,140 BO/d, both within guidance [9][10] - The company commenced production from its first two J-Hook wells and is on schedule to TIL all 38 second-half 2025 wells by early October [9][10] - The average daily production was negatively impacted by 780 BOE/d due to weather and equipment installation [7] Capital Investments - Total capital investments for Q2 2025 were $257 million, exceeding guidance of $215-$245 million [9][10] - The company allocated $216 million for drilling and completions, $27 million for infrastructure, and $6 million for land and exploration costs [8][9] G&A and Operating Expenses - General and administrative (G&A) expenses were reported at $23.8 million, which is 7% below the midpoint of guidance [10] - The company reduced its employee and contractor headcount by approximately 10%, leading to sustainably lower G&A expenses [16] Outlook - For full-year 2025, production is expected to range between 136.5-139.5 MBOE/d and 63.3-65.3 MBO/d for oil [13] - Capital investment expectations for Q3 2025 have been reduced to $235-$265 million, while full-year expectations are narrowed to $850-$900 million [14] - The company anticipates generating approximately $305 million of Adjusted Free Cash Flow at current oil prices and reducing Net Debt by approximately $310 million [18]