Core Insights - Phillips 66 (PSX) reported fourth-quarter 2025 adjusted earnings of $2.47 per share, exceeding the Zacks Consensus Estimate of $2.11, and improved from an adjusted loss of 15 cents per share in the same quarter last year [1][10] - Total quarterly revenues reached $36.3 billion, surpassing the Zacks Consensus Estimate of $30.2 billion, and increased from $34 billion year-over-year [1][10] Segmental Performance - **Midstream**: Adjusted pre-tax quarterly earnings were $717 million, slightly up from $708 million in the prior year, driven by higher volumes [3] - **Chemicals**: Adjusted pre-tax earnings fell to $19 million from $72 million in the previous year, primarily due to weaker margins [4] - **Refining**: Adjusted pre-tax earnings improved to $542 million from a loss of $759 million in the year-ago quarter, attributed to higher realized refining margins and the acquisition of WRB Refining [5] - **Marketing & Specialties**: Adjusted pre-tax earnings increased to $439 million from $185 million in the prior year, benefiting from higher marketing fuel margins [7] - **Renewable Fuels**: The segment reported an adjusted pre-tax loss of $19 million, down from adjusted pre-tax earnings of $28 million in the previous year [8] Refining Margins - Realized refining margins worldwide rose to $12.48 per barrel from $6.08 in the year-ago quarter, with significant increases in various regions: Central Corridor ($13.06 from $6.68), Gulf Coast ($12.48 from $5.58), West Coast ($8.85 from $5.74), and Atlantic Basin/Europe ($12.60 from $6.09) [6] Financial Overview - Total costs and expenses decreased to $32.9 billion from $34 billion year-over-year, mainly due to lower purchased crude oil and products [11] - The company generated $2.75 billion in net cash from operations, up from $1.2 billion in the previous year, with capital expenditures totaling $682 million and dividends paid out amounting to $482 million [12] - As of December 31, 2025, cash and cash equivalents stood at $1.1 billion, with total debt at $19.7 billion, reflecting a debt-to-capitalization ratio of 39% [12]

Financial Data and Key Metrics Changes - Sales increased by 10% year-over-year, with organic growth also at 10% and a favorable foreign currency exchange impact of 1% [14] - Adjusted EBITDA margin improved to 17.1% from 13.9% in the prior year quarter, while adjusted EPS rose to $0.47 from $0.25 [8][15] - The company raised its sales and EPS outlook for fiscal 2026, now expecting sales between $2.19 billion and $2.25 billion and adjusted EPS in the range of $2.05-$2.45 [24][25] Business Line Data and Key Metrics Changes - Infrastructure segment sales increased by 11% organically, while Metal Cutting sales grew by 9% [14][19] - Aerospace and Defense in Metal Cutting saw a 19% increase year-over-year, driven by improved build rates and easing supply chain pressures [17] - In the Infrastructure segment, Aerospace and Defense sales surged by 33% due to defense orders, while Earthworks grew by 18% [19] Market Data and Key Metrics Changes - Transportation market outlook improved slightly from a previous estimate of low single digits down to flat [9] - Aerospace and Defense continues to show growth, with OEM build rates improving [9] - General Engineering in the Americas showed slight improvement, while other regions remained unchanged [10][51] Company Strategy and Development Direction - The company is focusing on strategic growth initiatives, including pricing actions in response to rising tungsten costs and cost improvement measures [5][6] - Kennametal is well-positioned to capitalize on the rising global demand for electricity, with a broad range of products supporting energy generation and transmission [10][12] - The company aims to strengthen its portfolio while executing lean transformation and structural cost improvements [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to offset rising tungsten costs through pricing actions and noted a modest improvement in certain end markets [5][8] - The outlook for fiscal 2026 reflects additional pricing actions related to increasing tungsten costs, with expectations of continued organic growth [24][25] - Management highlighted the importance of maintaining a healthy balance sheet and the absence of near-term refinancing requirements [23] Other Important Information - The company realized $8 million in restructuring savings during the quarter and continues to execute plans to lower structural costs [6] - Free Operating Cash Flow decreased to $38 million from $57 million in the prior year, primarily due to working capital changes [22] Q&A Session Summary Question: Discussion on tungsten price increases and customer behavior - Management confirmed a modest price increase in January and noted that customers are buying ahead of price increases due to rising tungsten costs [31][35] Question: Concerns about tungsten supply - Management reassured that they have multiple sources for tungsten and long-term agreements in place, minimizing supply risks [39][40] Question: Volume trends and market outlook - Management indicated that volume projections have improved, with expectations for slight growth in the second half of the fiscal year [48][49] Question: Competitive dynamics in various markets - Management acknowledged competition but emphasized their core competencies in material science and application engineering as key advantages [60][61] Question: Impact of tariffs and trade agreements - Management stated that current tariffs have not significantly impacted operations and that they are prepared to adjust pricing if tariffs change [85][87]

Group 1 - TotalEnergies and Tikehau Capital have established a joint investment platform to enhance electric vehicle charging infrastructure in urban areas of Belgium and the Netherlands [1][2] - The platform is equally owned by both companies, with TotalEnergies contributing its expertise in developing, operating, and maintaining public charging infrastructure powered by certified renewable energy [2][3] - TotalEnergies currently operates 9,500 charging points in Belgium and 18,000 in the Netherlands, positioning itself as a market leader in both countries [7] Group 2 - The partnership aims to support municipal authorities in the transition to electric vehicles and solidify TotalEnergies' role in public charging within the Benelux region [1][3] - Tikehau Capital's involvement will provide capital contributions and facilitate shared investments, costs, and risks, enhancing TotalEnergies' business model in electric mobility [2][3] - The joint platform will promote access to efficient and sustainable charging solutions, contributing to the reduction of carbon emissions in the transport sector [3]

Core Insights - Orrön Energy AB will release its financial report for Q4 and full year 2025 on February 18, 2026, at 07:30 CET, followed by a Capital Markets Day presentation at 14:00 CET [1] - The presentation will feature CEO Daniel Fitzgerald and CFO Espen Hennie discussing the report and future growth strategies, along with a Q&A session [1] Company Overview - Orrön Energy is an independent, publicly listed renewable energy company under the Lundin Group, with a focus on high-quality, cash flow-generating assets in the Nordics and growth opportunities in the UK, Germany, and France [2] - The company has significant financial capacity for further growth and acquisitions, supported by a major shareholder and a management team with a proven track record in successful business investments [2]

As filed with the Securities and Exchange Commission on February 3, 2026 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STARDUST POWER INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 (I.R.S. Employer Identification Number) 15 E. Putnam Ave, Suite 378 Greenwich, CT 06830 (800) 742 3095 (Address, Including Zip Code, and Telep ...

Core Insights - GE Vernova Inc. has completed the acquisition of the remaining 50% stake in Prolec GE for a purchase price of $5.275 billion, funded with an equal mix of cash and debt [1][2][3] - Prolec GE is a leader in the electric industry in North America, employing approximately 10,000 people across seven manufacturing sites, including five in the U.S., and specializes in transformers and transformer components [2][3] - The acquisition is expected to enhance GE Vernova's capacity to meet increasing grid demand in North America and is projected to drive profitable growth, reflected in the company's financial guidance for 2026 and outlook for 2028 [3][4] Company Integration - Prolec GE will operate under the GE Vernova brand within its Electrification segment, with current leadership retained, including CEO Ricardo Suarez reporting to Philippe Piron [4][5] - The integration aims to maintain service quality and customer expectations while leveraging the combined manufacturing capabilities and innovation pipeline of both companies [4][5] Strategic Importance - This acquisition marks a significant milestone for GE Vernova as its first major acquisition as a standalone public company, reinforcing its commitment to electrification and decarbonization efforts [3][5] - GE Vernova's mission is to electrify and decarbonize the world, and the acquisition of Prolec GE is seen as a critical step in achieving sustained growth in the Electrification sector [3][4]

Core Insights - Duke Energy expresses gratitude to customers for reducing electricity usage during extreme cold, which helped alleviate strain on the electric grid [1][2] - The company is well-positioned to meet customer demand for the remainder of the week and is focused on diversifying its energy mix to support economic growth in the Carolinas [2] Customer Engagement - Duke Energy encourages customers to maintain energy-saving habits and provides low- and no-cost tips for energy conservation [3] - The company offers various tools and programs to assist customers in managing their energy bills, including flexible payment options and additional assistance [3][6] Company Overview - Duke Energy is a major energy holding company serving approximately 8.6 million customers across multiple states, with a significant electric capacity of 55,100 megawatts [4] - The company is actively pursuing an energy transition, investing in electric grid upgrades and cleaner energy sources such as natural gas, nuclear, renewables, and energy storage [5]

Core Insights - Homerun Resources Inc. has signed a purchasing agreement for the Fazenda Conjunto São José e Nova Esperança, covering 582 hectares in the Santa Maria Eterna Silica Sand District, Brazil, completing its District Control Strategy initiated in Q1 2023 [2][5][6] Group 1: Acquisition Details - The acquisition of Fazenda Conjunto São José e Nova Esperança is contiguous with Homerun's existing 99-year renewable surface rights over Fazenda São José, aimed at establishing a silica sand industrial complex [4][5] - The total purchase price for the land is US$ 1,100,000, to be paid in installments, including US$ 500,000 via wire transfer and US$ 600,000 in common shares priced at CA$1.00 [6][9] Group 2: Strategic Importance - The completion of the District Control Strategy provides Homerun with effective control over a unique high-purity silica resource, ensuring long-term supply for industrial applications [3][5] - The company aims to develop a high-efficiency solar glass plant and capitalize on the silica resource for advanced energy materials, supporting the energy transition [10][12] Group 3: Company Vision - Homerun is focused on building a vertically integrated platform for clean energy manufacturing, leveraging its high-purity silica resource to accelerate clean power adoption [7][12] - The company is committed to best-in-class ESG practices and aims to convert milestones into market opportunities within the energy sector [12][16]

Core Viewpoint - Northern Graphite Corporation, along with partners, has launched the USE-G initiative to develop environmentally friendly graphite extraction technologies for Europe's battery industry, funded primarily by the German Federal Ministry for Economic Affairs and Energy [1][2][8] Group 1: Project Overview - The USE-G initiative aims to create new graphite processing technologies that are cleaner, less energy-intensive, and independent of Chinese supply chains, with a total project budget of €1.70 million, of which €1.14 million is contributed by the Ministry [2][3] - The project will focus on the purification of natural graphite without hydrofluoric acid, the development of sustainable coating materials, and the recovery of graphite from battery recycling [3][5] Group 2: Roles and Contributions - Northern Graphite will supply natural graphite from its Canadian mine and potentially from its Namibian mine, and will conduct milling, shaping, and battery testing in Germany [4][6] - H.C. Starck Tungsten will provide technology to extract graphite from spent lithium-ion batteries, enabling the recycling of materials typically lost in conventional processes [4][9] - Friedrich Schiller University Jena will lead the development of a novel chlorine gas purification method, which is cleaner and less energy-intensive than current methods [5][9] Group 3: Goals and Timeline - The project will initially process natural and recycled graphite separately to establish performance and purity benchmarks, followed by evaluations for blending these materials into a unified anode product [6][9] - The USE-G program commenced on January 1, 2026, and will run until December 31, 2029, aiming to demonstrate a complete European-controlled graphite processing flow sheet by the end of the program [9]

Group 1 - The recent sell-off in metals, particularly gold, has raised questions about the sustainability of the previous rally, with significant drops observed, including a more than 5% decline in gold prices [1][2] - There is a focus on potential buying opportunities as investors, especially in China, are expected to start buying the dip in metals like gold, silver, and copper [2][3] - Trading activity in copper has reached unprecedented levels, with the Shanghai Futures Exchange experiencing its busiest month on record, indicating strong market engagement despite recent sell-offs [4] Group 2 - Long-term investment sentiment remains bullish for copper, driven by its critical role in the energy transition and electrification, despite short-term demand headwinds [5]