CAMBRIDGE, Mass., May 13, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM) ("Akamai"), the cybersecurity and cloud computing company that powers and protects business online, today announced that it proposes to offer, subject to market factors and other conditions, $1.35 billion in aggregate principal amount of convertible senior notes due 2033. The notes are to be sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1 ...

Financial Data and Key Metrics Changes - The company reduced net debt by $135 million, supported by higher than expected adjusted free cash flow and a non-core asset sale that generated $20.5 million [6][12] - Lease operating expenses (LOE) were reduced from $121 million in Q4 2024 to an anticipated $115 million per quarter for the remainder of 2025, while general and administrative (G&A) expenses are projected to be below $22 million per quarter [7][8] Business Line Data and Key Metrics Changes - First quarter production volumes were driven by 23 turn-in-line wells, with 21 located in the Southern Delaware, showcasing good well performance and early production from several development packages [6][9] - The company expects significant production ramp-up in the second half of the year, particularly in Q3, with low breakeven costs of about $45 per barrel WTI [9][10] Market Data and Key Metrics Changes - The company hedged 90% of its oil at $70.61 per barrel WTI for the remainder of the year, which is expected to ensure returns and reduce risk [12] - The company anticipates generating approximately $265 million in adjusted free cash flow and reducing net debt by $300 million, including non-core asset sales [12] Company Strategy and Development Direction - The company shifted focus from acquisitions to optimizing its asset base, successfully reducing costs and enhancing efficiencies [7][10] - The strategy includes prioritizing capital allocation to the lowest breakeven packages and leveraging high-quality wells to maximize cash flow and debt repayment [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full-year outlook, citing high returns from upcoming packages and recent cost reductions [8][10] - The company is prepared to adjust activity levels in response to market conditions, with no rig or completion contracts extending beyond early 2026 [13][14] Other Important Information - The company has seen little impact from tariff-related price increases, which have been offset by price concessions in a softening services environment [10] - The company is conducting a full review of its cost structure to continue reducing costs and enhancing margins [14] Q&A Session Summary Question: Maintenance capital outlook with recent efficiencies - Management plans to maintain flat production year over year and aims to remain free cash flow positive, with potential savings of nearly $90 million from reduced service costs [21][22] Question: Cost initiatives and LOE self-help - LOE is expected to be in the range of $110 million to $115 million per quarter for 2025, driven by reduced failure rates and fixed operating costs [23][26] Question: Hedging strategy for future years - The company raised hedges for the rest of the year to lock in free cash flow generation and will continue to monitor the environment for future hedging [30][31] Question: Production and CapEx trajectory into 2026 - The 2026 program is estimated to be flat year over year for both volume and capital, with flexibility to adapt based on market conditions [32][34] Question: Non-cash impairments and inventory impact - Non-cash impairments are expected to continue if oil prices remain stable, with a projected impairment of a couple hundred million dollars next quarter [39][40] Question: Breakeven analysis and asset sales opportunities - The corporate breakeven is projected to be around $53 per barrel, with potential for further reductions through cost efficiencies [43][44] - The company is continuously looking for opportunities for additional asset sales, although the current price environment may make this challenging [46][47]

Star Group (SGU) Q2 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Chris Witty - Managing DirectorJeff Woosnam - President and CEORichard Ambury - CFO, Executive VP, Treasurer & Secretary of Kestrel Heat, LLCTimothy Mullen - Founder Conference Call Participants Michael Prouting - Equity Analyst Operator Good day, and welcome to the Star Group Fiscal twenty twenty five Second Quarter Results Conference Call. All participants will be in a listen only mode. Please note this event is being rec ...

Berry (BRY) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Hello, and welcome to the Berry Corporation Q1 twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Thank you. I would like to turn the conference over to Chris Dennison, Director of Investor Relations. You may begin. Speaker1 Thank you, Tricia, and welcome, everyone. Thank you for joining us for Berry's first quarter twenty ...

STAMFORD, Conn., May 07, 2025 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2025 second quarter, the three month period ended March 31, 2025. Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024For the fiscal 2025 second quarter, Star reported an 11.6 percent increase in total revenue to $743.0 million compared with $666.0 million in the prior-year per ...

California Resources (CRC) Q1 2025 Earnings Call May 07, 2025 01:00 PM ET Speaker0 Good day, and welcome to the California Resources Corporation First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Joanna Park, Vice President of Investor Relations and Treasurer. Please go ahead. Speaker1 Good morning, and welcome to California Resources Corporation's first quarter twenty twent ...

Group 1: Bitcoin Price Forecasts - Gautam Chhugani and Geoff Kendrick predict Bitcoin will reach $200,000 by 2025, implying a 110% upside from its current price of $95,000 [2][4] - The price of Bitcoin is closely linked to demand, which is expected to rise as retail investors shift from gold to Bitcoin due to economic uncertainties [4] Group 2: Institutional Investment Trends - Several hedge fund billionaires increased their positions in the iShares Bitcoin Trust, with notable purchases including 6.3 million shares by Israel Englander (27% increase), 7.4 million shares by David Shaw (345% increase), and 3.6 million shares by Paul Tudor Jones (82% increase) [6][8] - The approval of spot Bitcoin ETFs by the SEC in January 2024 has led to rapid adoption by institutional investors, with the number of large asset managers holding Bitcoin exposure nearly doubling in the last two quarters [8] Group 3: Advantages of Spot Bitcoin ETFs - Spot Bitcoin ETFs like the iShares Bitcoin Trust simplify the investment process by eliminating the need for separate cryptocurrency exchange accounts and reducing transaction fees [9][10] - The iShares Bitcoin Trust has a low annual expense ratio of 0.25%, making it more cost-effective compared to traditional cryptocurrency transaction fees [10] Group 4: Bitcoin's Performance Comparison - Bitcoin has seen a price increase of 240% since May 2023, outperforming gold (45% increase) and the S&P 500 (40% increase) during the same period [11] - Despite its strong performance, Bitcoin remains the most volatile asset, with price drops exceeding 25% from record highs, contrasting with gold and the S&P 500's lower volatility [11]

President Donald Trump's first 100 days proved tumultuous for the stock market. Trump instituted tariffs in his bid to bring more manufacturing jobs back to the U.S. and shake up global trade. The broader S&P 500 would go on to shed about 8% during that time period, the worst performance during a president's first 100 days since 1974.But not all stocks in the broader benchmark index have struggled. In fact, some have done quite well. Three, in particular, have done the unthinkable and blasted at least 45% t ...

Strategy (MSTR -0.48%) just bought more than $1.4 billion of Bitcoin on April 28 (BTC 0.93%), and it isn't the first time. With such a purchase, the company is sending an unambiguous signal that it thinks the coin's value is going to continue increasing.But that doesn't mean you should follow in Strategy's footsteps blindly. Let's evaluate its approach and its rationale so that you will know whether it makes sense to invest in Bitcoin too, or if it would be better to allocate your capital elsewhere.Your fin ...

近期，全球资本市场犹如乘坐"过山车"，美股科技股集体回调，A股市场震荡分化，美债收益率波动不 定……然而，在这一片动荡之中，日元、瑞士法郎等外币汇率却悄然走强，黄金价格更是突破历史高 位，直逼2400美元/盎司！当传统避险资产与新兴替代选项同台竞技，如何精准捕捉下一个"黄金机 会"？ 全球政策转向下的"避风港"逻辑 国际环境剧变，催生了两大核心需求：抗通胀与对冲地缘风险。 黄金：在央行购金潮和去美元化浪潮的双重推动下，其硬核保值属性愈发凸显； 部分外币：日本加息预期推升日元价值，瑞士的中立国地位则为瑞郎增添了额外的安全保障； 另类资产：比特币ETF的获批、稀土资源战略价值的重估…… 关键点在于，避险资产需具备"低相关性+高流动性+抗衰减性"三大要素！ 5月潜力候选：哪些资产在蓄力？ 1、日元：低利率时代的"最后洼地" 4月比特币期货ETF通过审批，MicroStrategy等企业疯狂囤币，华尔街逐渐认可其抗通胀属性。长期 看，比特币可能分流黄金份额，但波动率仍是双刃剑！ 4、稀土资源：技术博弈下的"战略筹码" 中国稀土出口配额收紧，美国重启采矿法案，供需缺口下镨钕氧化物价格飙升。这类"工业黄金"更适合 长线资 ...