Advancing the Future of Energy • With Capital Discipline, Innovation and Unmatched Execution Leading Producer of Liquid Transportation Fuels C A P I TA L D I S C I P L I N E I N N O VAT I O N U N M ATC H E D E X E C U T I O N I N V E S T O R P R E S E N T A T I O N | M A R C H 2 0 2 5 Cautionary Statement This presentation contains forward-looking statements made by Valero Energy Corporation ("VLO" or "Valero") within the meaning of federal securities laws. These statements discuss future expectations, cont ...

Commodities Oil Drilling Report Lifting 2026 supply growth forecast amid reported surge in hedging activity Table 1: Baker Hughes rig count Total rigs by basin | | Anadarko | Bakken | Eagle Ford | Niobrara | Permian | Total Oil | Haynesville Marcellus/ | | Total Gas | Total US | Total US | Total US | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | Basins | | Utica | Basins | Oil Rigs | Gas Rigs | Rigs | | 20-Jun-25 | 47 | 31 | 50 | 25 | 271 | 424 | 39 | 35 | 74 ...

Shares of SandRidge Energy, Inc. (SD) have gained 12% since reporting results for the first quarter of 2025. This compares with the S&P 500 index’s 4.6% growth over the same time frame. Over the past month, the stock has risen 12% compared with the S&P 500’s 11.3% rally.Revenue & EPS GrowthFor the quarter ended March 31, 2025, SandRidge reported total revenues of $42.6 million, marking a 41% increase from $30.3 million in the year-ago period, driven by a 17% increase in total production and a 30% jump in oi ...

Core Viewpoint - HighPeak Energy, Inc. reported strong financial and operational results for the first quarter of 2025, exceeding production guidance and consensus estimates, while also providing an updated development outlook and increased production guidance for the year [1][3][4]. Financial Performance - The company achieved a net income of $36.3 million, or $0.26 per diluted share, with EBITDAX of $197.3 million, or $1.40 per diluted share [7][13]. - Adjusted net income for the first quarter was $42.7 million, or $0.31 per diluted share [7][13]. - Sales volumes averaged approximately 53.1 MBoe/d, representing a 6% increase from the fourth quarter of 2024 [10][12]. - Average realized prices were $71.64 per barrel of crude oil, $24.21 per barrel of NGL, and $2.34 per Mcf of natural gas, resulting in an overall realized price of $53.84 per Boe [14][39]. Operational Efficiency - HighPeak drilled over 25% faster than previous expectations, completing four additional wells during the first quarter [4][12]. - The company maintained lease operating expenses at an average of $6.61 per Boe, a 3% decrease compared to the previous quarter [7][14]. - Capital expenditures for the first quarter totaled $179.8 million, with expectations for lower quarterly capital expenditures moving forward [15][6]. Capital Discipline - The company moderated its development program by laying down one rig for four months due to global economic uncertainty impacting oil prices, yet remains on track to meet its 2025 guidance [5][6]. - HighPeak reduced long-term debt by $30 million during the quarter and generated free cash flow of $10.7 million [7][21]. Shareholder Value - The Board of Directors declared a quarterly dividend of $0.04 per share, amounting to approximately $5.0 million, payable in June 2025 [7][21]. - Management emphasized alignment with shareholders and a long-term outlook on value creation despite market volatility [9]. Production Guidance - The company updated its 2025 production guidance range to 48,000 – 50,500 Boe/d, narrowing the range and increasing the midpoint [11][12].

Core Viewpoint HighPeak Energy, Inc. reported strong financial and operational results for the first quarter of 2025, exceeding production guidance and consensus estimates, while also providing an updated development outlook and increased production guidance for the year. Financial Performance - Sales volumes averaged approximately 53.1 MBoe/d, a 6% increase from Q4 2024 [8][10] - Net income was $36.3 million, or $0.26 per diluted share, with adjusted net income of $42.7 million, or $0.31 per diluted share [13][43] - EBITDAX was $197.3 million, or $1.40 per diluted share [13] - Lease operating expenses averaged $6.61 per Boe, a 3% decrease compared to Q4 2024 [8][14] - Free cash flow generated was $10.7 million, with long-term debt reduced by $30 million [8][12] Operational Efficiency - HighPeak drilled over 25% faster than previous expectations, completing four additional wells in Q1 2025 [4][12] - The company maintained capital discipline by laying down one rig for four months while still on track to meet 2025 guidance [5][6] - The majority of 2025 infrastructure capital expenditures were completed in the first quarter, leading to lower expected quarterly capital expenditures for the remainder of the year [6] Capital Structure and Shareholder Value - The company is committed to optimizing its capital structure and is in a healthy financial position with no near-term debt maturities [7] - A quarterly dividend of $0.04 per share was declared, amounting to approximately $5 million [21][39] - Management is aligned with shareholders and focused on long-term value creation despite market volatility [9] Production Guidance - The 2025 production guidance range has been updated to 48,000 – 50,500 Boe/d, with an increased midpoint reflecting strong well performance [11][12]

Group 1: S&P 500 Additions - DoorDash and Expand Energy were added to the S&P 500 during the Q1 rebalancing, alongside TKO Group Holdings and Williams-Sonoma [1][2] - Both DoorDash and Expand Energy are highlighted as compelling investment opportunities due to their strong fundamentals [2] Group 2: DoorDash Overview - DoorDash's total orders increased by 18% year-over-year to 732 million in Q1 2025, with marketplace gross order value growing by 20% to $23.1 billion [3] - Revenue for DoorDash rose by 21% to $3 billion, maintaining a net revenue margin of 13.1% [3] - The company is expanding into new verticals and partnerships, including collaborations with Ibotta, Walmart Canada, and The Home Depot [4][5] Group 3: Expand Energy Overview - Expand Energy is one of the largest natural gas producers in the U.S., with adjusted earnings per share of $2.02, beating estimates by $0.16, and revenue of $2.3 billion, exceeding forecasts by $57 million [7][8] - The company plans to increase its rig count to 15 and invest $2.7 billion to boost output to 7.2 Bcfe/d by year-end, targeting 7.5 Bcfe/d by 2026 [8] - Expand Energy aims for synergy savings of $400 million in 2025 and $500 million in 2026, alongside a $1 billion share buyback program and rising dividends [9][10]

Plains All American Pipeline (PAA) Q1 2025 Earnings Call May 09, 2025 10:00 AM ET Company Participants Blake Fernandez - Vice President - Investor RelationsWillie Chiang - Chairman, Director & CEOAl Swanson - EVP and CFOHarry Pefanis - President & Director of Plains All American GP LLCGabriel Moreen - Managing DirectorManav Gupta - Executive DirectorChris Chandler - EVP and COOJeremy Goebel - EVP and CCONone - ExecutiveSunil Sibal - Managing DirectorAJ O’Donnell - Director - Equity ResearchJohn Mackay - VP ...

1Q25 Earnings Call May 9, 2025 Forward-Looking Statements & Non-GAAP Financial Measures Disclosure Investor Relations Contacts Blake Fernandez Vice President, Investor Relations Blake.Fernandez@plains.com Michael Gladstein Director, Investor Relations Michael.Gladstein@plains.com Investor Relations 866-809-1291 plainsIR@plains.com 2 ▪ This presentation contains forward-looking statements, including, in particular, statements about the performance, plans, strategies and objectives for future operations of Pl ...

Archrock (AROC) Q1 2025 Earnings Call May 06, 2025 10:30 AM ET Company Participants Megan Repine - VP - IRBradley Childers - President & CEODoug Aron - SVP & CFOGabriel Moreen - Managing DirectorDoug Irwin - Vice PresidentEli Jossen - Equity Research Vice PresidentSelman Akyol - Managing Director - Energy & Power sectorNate Pendleton - Vice President Conference Call Participants Jim Rollyson - Director & Equity Research AnalystSteve Ferazani - Senior Equity Analyst Operator Good morning. Welcome to Archrock ...

Talos Energy (TALO) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Clay Jeansonne - VP - Investor RelationsPaul Goodfellow - President & CEOSergio Maiworm - Executive VP & CFONate Pendleton - Vice PresidentPhu Pham - Equity Research AssociateMichael Scialla - Managing DirectorMichael Furrow - Vice PresidentNoel Parks - Managing Director - Energy ResearchJeffrey Robertson - Managing Director Conference Call Participants Greta Drefke - Equity Research AnalystTim Rezvan - Managing Director ...