Toby, how does the action uh in the Middle East right now, the attack from Israel on Iran, Iran's counter strike, how does that impact the natural gas market. Well, it it will just highlight the importance of American energy and why this is so important on the world stage. You know, natural gas, American natural gas is going to play a huge role in providing energy security to the world.And every bit of natural gas that we put on the world stage, uh, every cargo that we put in the world is going to replace e ...

Forum Energy (FET) Conference June 11, 2025 10:00 AM ET Speaker0 Morning, everyone, and welcome to Sidoti Small Cap Virtual Conference. I'm Steve Ferrizani, an analyst at Sidoti. So pleased to be joined this morning by CEO Neil Lux of Forum Energy Technologies. The ticker is FET. We launched coverage just a month ago. If you haven't seen the report, please reach out to your sales institutional sales rep. Otherwise, it's on our website. You can find it on Bloomberg or fax that we did initiate with a $24 pric ...

Financial Data and Key Metrics Changes - The company reported first quarter operating earnings of $0.93 per share, which includes $0.03 from better than normal weather, $0.02 from RNG 45Z income, and $0.02 from better than expected sales [4] - GAAP results for the first quarter were $0.75 per share, and the company affirmed its financial guidance for 2025 operating earnings per share of $3.28 to $3.52, with a midpoint of $3.4 [4][5] - The company sold approximately $1 billion of forward settled common equity under its existing ATM program at a weighted average price of approximately $57 [5] Business Line Data and Key Metrics Changes - The Coastal Virginia offshore wind project is 55% complete and is on schedule for first electricity delivery in early 2026 and full completion by the end of next year [9][10] - The project has created approximately 2,000 direct and indirect jobs and generated $2 billion in economic activity [10] - The project’s updated cost is $10.8 billion, which is expected to increase residential customer bills by an average of $0.04 per month over the life of the project [15] Market Data and Key Metrics Changes - The company has approximately 40 gigawatts of data center capacity in various stages of contracting, with about 10 gigawatts contracted under electric service agreements [6] - There has been no observed evidence of slowing demand from data center customers across the service area [6] Company Strategy and Development Direction - The company focuses on three priorities: achieving financial commitments, timely construction milestones for the Coastal Virginia offshore wind project, and constructive regulatory outcomes [3][22] - The company aims to provide reliable, affordable, and increasingly clean energy to its customers [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver on the financial plan, emphasizing a conservative approach to guidance to weather unforeseen challenges [6][7] - The company continues to achieve constructive outcomes in all regulated service areas, with ongoing discussions regarding energy legislation in South Carolina [18][19] Other Important Information - The company is actively engaged in discussions regarding a new proposed rate class for high energy users, including data centers, to ensure fair cost recovery and protect other customer classes [17][72] - The company is preparing for the Chesterfield Energy Reliability Center, a gas-fired electric generating facility expected to cost approximately $1.5 billion and be operational by 2029 [18] Q&A Session Summary Question: Can you provide insights on the Coastal Virginia offshore wind project and tariff impacts? - Management confirmed that suppliers are performing well, and there are no changes to delivery schedules due to tariffs [30] Question: What is the status of permitting for the Coastal Virginia offshore wind project? - The project is fully permitted, and management feels comfortable that it will continue moving forward [41] Question: How is data center demand looking? - Demand remains high, with customers planning for expansions well into the 2030s [62] Question: Can you elaborate on the new tariff structure for high energy users? - The new rate class will focus on minimum demand charges and includes a fourteen-year contract term for new customers [72] Question: What are the expectations regarding residential sales? - Residential sales showed slight weakness, but overall sales trends are strong, particularly in the commercial segment [80]

Expro Group Holdings (XPRO) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Hello, everybody, and welcome to the Xpro q one twenty twenty five earnings presentation. My name is Elliot, and I'll be your coordinator today. I'd now like to hand over to Chad Stephenson, Director, Investor Relations. Please go ahead. Speaker1 Welcome to Xpro's first quarter twenty twenty five conference call. I'm joined today by Xpro's CEO, Mike Jarden and Xpro's CFO, Quinn Fanning. First, Mike and Quinn will have some ...

Luxembourg – 30 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2025. Highlights First quarter Adjusted EBITDA of $236 million, up 46% on the prior year, equating to a margin of 15%Strong operational and financial performance from both Subsea and Conventional and Renewables, with Adjusted EBITDA margins of 18% and 10% respectivelyGuidance for full year 2025 reaf ...