MasterBrand (NYSE:MBC) Q4 2025 Earnings call February 10, 2026 04:30 PM ET Company ParticipantsAndi Simon - EVP and CFODave Banyard - President and CEOGarik Shmois - Managing DirectorHenry Harrison - Senior Director of Corporate Financial Planning and AnalysisMcClaran Hayes - Managing DirectorOperatorGood afternoon and welcome to MasterBrand's fourth quarter and full year 2025 earnings conference call. During the company's prepared remarks, all participants will be in a listen-only mode. Following managemen ...

MasterBrand (NYSE:MBC) Q4 2025 Earnings call February 10, 2026 04:30 PM ET Speaker0Good afternoon and welcome to MasterBrand's fourth quarter and full year 2025 earnings conference call. During the company's prepared remarks, all participants will be in a listen-only mode. Following management's closing remarks, callers are invited to participate in a question-and-answer session. Please note that this conference call is being recorded. I would now like to turn the call over to Henry Harrison, Senior Directo ...

Operationally, BP reported starting up seven new major projects and achieving a record in upstream plant reliability, which supported broadly flat underlying production versus 2024 and exceeded guidance provided a year earlier. The company’s reserves replacement ratio was 90% , up from an average of around 50% over the prior two years.However, Thomson said the board has decided to suspend the share buyback and fully allocate excess cash to accelerate strengthening the balance sheet. She added that the compa ...

Cost reductions were a major theme of the call. Yu said operating expenses declined to $10.3 million for the quarter, compared with $15.1 million in the second quarter of fiscal 2025. The company’s net loss narrowed to $6.6 million from $8.0 million a year earlier. Wang added that for the six months ended December 31, 2025, net loss was reduced by $3.7 million compared with the same period the prior year.Yu said gross profit for the quarter was $3.5 million . He added that gross margins were 17.1% , slightl ...

ConocoPhillips has reported net income of $1.4bn, or $1.17 per share, for the fourth quarter of 2025 (Q4 2025), down by 39% from $2.3bn, or $1.90 per share, in the same period the previous year. On an adjusted basis, earnings for Q4 2025 were $1.3bn, or $1.02 per share, a 46% drop from adjusted earnings of $2.4bn – or $1.98 per share – recorded in Q4 2024. For the full year 2025, ConocoPhillips posted net income of $8bn, equating to $6.35 per share. This is a 13% decrease from the previous year's figure ...

FY2026 Third Quarter Financial Results FY2026 Third Quarter Results Summary Steadfastly advancing product-centered management and region-centered management, we will further increase our ratio of value-added work* and strengthen our "earning power". | | Operating income 3,196.7 billion yen (-482.7 billion yen YoY) | | --- | --- | | Actual (9 months) | - Despite the continued impact of U.S. tariffs, strong demand supported by product competitiveness has led to increased sales volumes, and we achieved a high ...

Yet while these are significant achievements, not stopping there. We will build on this success. Turning to 2026, our primary focus is on delivering a $1 billion combined reduction across our capital spending and operating costs while growing our production on an underlying basis. On shareholder returns, we once again expect to return about 45% of our CFO to shareholders while continuing to grow our base dividend at a top quarterly S&P 500 rate. Top quartile dividend growth is sustainable, as we expect our ...

Financial Data and Key Metrics Changes - In 2025, ConocoPhillips produced 2,320,000 barrels of oil equivalent per day, consistent with production guidance [12] - Adjusted earnings per share were $1.02, with cash from operations (CFO) amounting to $4.3 billion [12] - Capital expenditures for the year totaled $12.6 billion, with $3 billion spent in the fourth quarter [12] - The company returned $9 billion to shareholders in 2025, representing 45% of CFO [12][13] - Cash and short-term investments increased to $7.4 billion, with net debt reduced by nearly $2 billion [13] Business Line Data and Key Metrics Changes - Production grew by 2.5% in 2025, with significant reductions in capital and operating costs [7] - The company improved drilling and completion efficiencies by over 15% in 2025 [16] - The Lower 48 segment is expected to deliver more production for less capital, benefiting from high-quality asset bases [15] Market Data and Key Metrics Changes - The company anticipates a production guidance of 2.23 million to 2.26 million barrels of oil equivalent per day for 2026 [15] - The cash flow breakeven is expected to decline into the low $30 per barrel WTI range by the end of the decade [9] Company Strategy and Development Direction - ConocoPhillips aims to achieve a $1 billion reduction in capital spending and operating costs in 2026 while growing production [9] - The company is focused on organic growth rather than mergers and acquisitions, emphasizing its strong resource position [22][23] - Major projects are expected to drive a $7 billion free cash flow inflection by 2029, with incremental free cash flow anticipated from 2026 through 2028 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and ability to return capital to shareholders while maintaining an investment-grade balance sheet [8][13] - The company is optimistic about the long-term demand for oil and gas, particularly with upcoming LNG projects and the Willow development [63] Other Important Information - The company successfully integrated Marathon Oil, exceeding acquisition case metrics and realizing $1 billion in one-time benefits [8] - The organic reserve replacement ratio was just under 100% for 2025, with a three-year average of 106% [13][87] Q&A Session Questions and Answers Question: Industry consolidation and Conoco's role - Management indicated that the company has completed its major M&A activities and is now focused on organic growth opportunities within its portfolio [22][23] Question: Update on Venezuela and Citgo sale - Management emphasized the priority of recovering owed amounts from Venezuela and noted no changes regarding the Citgo sale [25][26] Question: Evaluation of international opportunities - Management discussed ongoing efforts to improve fiscal conditions in Libya and the potential for new opportunities in Equatorial Guinea [31][33] Question: Alaska exploration program objectives - The exploration program aims to identify resource opportunities that can tie back into existing infrastructure, enhancing production capacity [36][39] Question: Well productivity trends in Lower 48 - Management highlighted strong productivity improvements in the Delaware Basin and Eagle Ford, driven by technology and optimization strategies [42][45] Question: Breakeven trajectory and capital expenditure assumptions - Current breakeven is in the mid-$40s, with expectations to lower it to the low $30s by 2030 as new projects come online [48][52] Question: Free cash flow contributions from LNG projects - Management expects significant contributions from LNG projects in 2027 and 2028, with a focus on maintaining competitive pricing [77][79]

Core Viewpoint - Shell has demonstrated strong operational performance under CEO Wael Sawan, consistently beating market expectations despite a significant drop in oil prices [1][2]. Financial Performance - Shell reported better-than-expected earnings in five of the last eight quarters, with a notable third-quarter earnings of $5.4 billion, surpassing the forecast of $5.1 billion [2]. - The company anticipates a year-on-year decline in headline earnings for 2025 by around 20%, attributed to a nearly 19% drop in Brent crude prices [4]. - For the fourth quarter, earnings are expected to decrease by approximately 10% year-on-year, with lower performance in downstream and chemicals divisions [5]. Production and Capital Returns - Shell's upstream business remains robust, with production expected between 1.84-1.94 million barrels of oil equivalent per day, an increase from 1.832 million in the previous quarter [6]. - The company has announced plans for $3.5 billion in share buybacks for the last two quarters, marking the 16th consecutive quarter of buybacks exceeding $3 billion [7][8]. Cost Management and Capital Deployment - Shell has raised its cost reduction target to a cumulative $5-7 billion by the end of 2028 and reduced its capital expenditure target to $20-22 billion between 2025 and 2028 [9]. - The company is considering selling its Vaca Muerta shale assets in Argentina, which could generate several billion dollars, aligning with Sawan's strategy to reshape Shell's portfolio [11]. Regional Focus and Investments - Shell is increasing its investments in Nigeria, with $5 billion allocated to the Bonga North deepwater project and $2 billion to the HI gas field, alongside plans for the Bonga Southwest project potentially involving up to $20 billion [13][14]. Strategic Considerations - Shell has ruled out a takeover bid for BP, which has seen a 25% increase in share price since the announcement [15]. - There are speculations about Shell potentially moving its main stock listing to New York to improve its market valuation compared to U.S. rivals [16].

I have a deep appreciation for the role we play not just in protecting products or reducing costs, but in shaping and enhancing brand perception. Enabling sustainability goals, and delivering exceptional quality and reliability. That perspective is what attracted me to Graphic Packaging. And it will shape how I approach the business and manage towards the substantial opportunities we have ahead. Today, I will spend some time on how I am assessing the business. What excites me about the foundation we have an ...