CALGARY, ALBERTA--(Newsfile Corp. - December 17, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce its 2026 production and capital guidance. Our Board of Directors has approved a capital expenditure budget of $250 to $275 million. Production guidance for 2026 is 19,500 to 22,500 boe/d1, reflecting year-over-year production growth (at mid-point of guidance) of approximately 115% from 2025. 2026 Guidance Average production volume19,500 to 22,500 boe/dC ...

The first mountain was of course after co where inflation went up to almost 10% and now it's come down again to around 3%. The risk is that there's another mountain because you could have growth coming partly because of AI. There's also the one big beautiful bill.One of the important laws in the one big beautiful bill is that you could do immediate expensing of your capital expenditures if you're a company. Normally you have to do that over several years. If that's the case you should expect to see a boom c ...

Core Insights - Nabors Industries Ltd. (NBR) has significantly underperformed compared to its peers and relevant benchmarks, with a share price decline of 12.4% over the past year, while the Oil and Gas – Drilling sub-industry grew by 4.8% [1][8] - The company faces operational challenges, market volatility, and ineffective business strategies, impacting its market position [3] Financial Performance - NBR's adjusted EBITDA decreased from $248 million in Q2 2025 to $236 million in Q3 2025, indicating pressure on profitability despite divesting a high-margin business [4] - The company is projected to have breakeven adjusted free cash flow for the full year 2025, limiting its capacity for debt reduction or shareholder returns [10] Market Challenges - The U.S. Lower 48 drilling market is experiencing muted activity and ongoing pressure, with a decline in average rig count and daily margins due to labor inefficiencies and harsh drilling conditions [5] - Operations in Mexico are facing significant uncertainty, with potential suspensions of offshore platform rigs and collection issues from PEMEX, leading to cash flow challenges [6][9] Capital Expenditures and Debt Management - NBR's capital expenditures are high, estimated at $715-$725 million for 2025, with no expected decline in 2026, consuming cash and limiting financial flexibility [10] - The reduction in net debt to a decade low was primarily due to a one-time asset sale, raising questions about the sustainability of leverage improvement without further divestitures [11] Segment Performance - The Drilling Solutions segment's EBITDA showed only modest growth, with competitive pressures limiting pricing power in a challenging market [12] - The Rig Technologies segment reported a decline in EBITDA due to reduced demand for aftermarket offerings, reflecting a broader slowdown in capital equipment spending [16] Future Outlook - Management's guidance for Q4 2025 indicates stagnation in total EBITDA, with expectations of a decline in specific segments, suggesting a lack of operational momentum [15] - The company's dependence on the SANAD joint venture in Saudi Arabia raises concentration risk, as its success is tied to the capital spending plans of a single national oil company [14]

Capital Expenditures Overview - Capital expenditures reached $194 billion, driven by investments in servers, data centers, and network infrastructure [1] - Cash capex was $342 billion in Q3, with $899 billion spent year-to-date, primarily related to AWS investments [1] - Third quarter capex was $24 billion, with the vast majority invested in technical infrastructure [2] - Capital expenditures were $349 billion, driven by growing demand for cloud and AI offerings [3] Investment Allocation - Approximately 60% of technical infrastructure investment was in servers, and 40% in data centers and networking equipment [2] - Roughly half of the spend was on short-lived assets, primarily GPUs and CPUs [3] - The remaining spend was for long-lived assets supporting monetization for the next 15 years and beyond [3] Strategic Focus - The company will continue to make significant investments, especially in AI [2] - Investments support demand for AI and core services, custom silicon like tranium, and tech infrastructure [1] - Investments also support increasing Azure platform demand, growing first-party apps and AI solutions, and R&D [3]

Core Viewpoint - Petrobras anticipates annual capital expenditures to be at the midpoint to the upper end of its current estimates due to accelerated investment rollout [1] Company Summary - The chief financial officer of Petrobras indicated that the company is increasing its investment pace beyond initial expectations [1]

Core Insights - The AI buildout is experiencing unprecedented growth, likened to one of the largest investment booms since World War II, as tech giants expand their infrastructure for AI [1] - There is a significant surge in capital expenditures (capex) among major tech companies, driven by the soaring demand for AI capabilities [4][5] Company Summaries - Alphabet's Google Cloud sales increased by 33.5% year over year to $15.2 billion, with a cloud backlog rising 46% to $155 billion. The company anticipates capital spending of $91 to $93 billion in 2025, up from $85 billion, with further increases expected in 2026 [6] - Meta Platforms raised its capex range to $70 to $72 billion for the year due to stronger-than-expected demand, with plans for "notably larger" spending in 2026 compared to 2025 [7] - Microsoft’s Azure AI exceeded internal targets despite capacity constraints, with commercial remaining performance obligations increasing to $400 billion, a 50% year-over-year rise, excluding a $250 billion deal with OpenAI [8]

With respect to investors have short memories because Matter told us in the prior quarter that capital expenditures would be higher in the next fiscal year. They used a different language this time around, which was notably larger in fiscal 26 and 25. But maybe it's what they didn't say.They didn't tell us what top line or bottom line growth directly from investments looks like. What's your read. Well, actually, for less, the investments look more riskier than they are for Microsoft or Amazon.We do have the ...

Core Viewpoint - Roblox shares fell 10% due to expectations of increased capital expenditures that may pressure margins [1] Financial Performance - Roblox's third-quarter revenue increased by 48% year-over-year to $1.36 billion, while bookings surged by 70% to $1.92 billion, surpassing LSEG estimates of $1.65 billion [3] - The company reported a loss of 37 cents per share, which was better than analyst expectations of a loss of 49 cents per share [3] Capital Expenditures and Margins - The company anticipates capital expenditures of $468 million, an increase of $158 million from previous guidance [1] - Operating margin may decline slightly year-over-year due to higher Developer Exchange (DevEx) rates and investments in infrastructure and safety [2]

Financial Performance - Meta's Q3 earnings per share missed Wall Street's expectation of $672% [1] - The company reported a $15 earnings per share, attributed to a one-time tax charge [1] Capital Expenditure - Meta initially projected 2025 capital expenditures between $66 billion and $72 billion [2] - The updated capital expenditure forecast for 2025 is now between $70 billion and $72 billion [2] - CFO Susan Lee indicated a meaningful increase in capital expenditures for 2026 [3] Strategic Direction - CEO Mark Zuckerberg stated the increased capital expenditure is to proactively address future AI demand by ensuring sufficient GPU capacity [3] - Wall Street does not appear to agree with Meta's increased capital expenditure strategy at this time [3]

Core Insights - The article discusses the significant capital expenditures (capex) by major tech companies in response to the growing demand for artificial intelligence infrastructure, with a focus on the hyperscalers like Microsoft, Alphabet, Meta, and Amazon [1][2][3] Capital Expenditures Overview - Microsoft is expected to increase its capex by 42% to $91.3 billion this fiscal year, following a 45% growth in the previous year, with a projected $30 billion in the current quarter [11][12] - Alphabet anticipates a capex of $85 billion for the year, up from a previous target of $75 billion, with plans for further increases in 2026 [13][15] - Meta has raised its 2025 capex forecast to $69 billion, reflecting a strong commitment to AI infrastructure despite not having a cloud service [16][17] - Amazon plans to spend over $100 billion on capex this year, with a focus on AI chips and data centers, expecting a 41% growth to $117 billion [20][22] - Apple, while spending significantly less than its competitors, is projected to increase its capex by 28% to $12.1 billion for fiscal 2025, indicating a shift in strategy [23][24] AI Infrastructure and Market Dynamics - The article highlights a critical shortage of compute capacity as a major bottleneck for AI development, prompting companies to invest heavily in supercomputing data centers [4][7] - OpenAI has announced plans for $1 trillion in future infrastructure developments, setting a high benchmark for other companies [4] - Analysts expect total hyperscaler capital expenditures to grow by 24% next year, reaching nearly $550 billion, indicating a robust investment climate in AI [7] Revenue Growth and Competitive Landscape - Companies are under pressure to demonstrate revenue growth alongside their capital investments, particularly in their cloud units [8][9] - Microsoft and Google are focusing on how their AI features are enhancing growth in other business areas, while Meta claims its AI technology improves ad targeting [9][10]