RT Bloomberg New Economy (@BBGNewEconomy)"We have traditionally relied on the European and US market for so long because of AGOA...but all these trade schemes are getting to an end. So now we have to invest more in diversifying our market." @RwandaGov @P_Sebahizi #BloombergNewEconomy⏯️ https://t.co/Sqkf8dKmnN https://t.co/GR67JDdU1d ...

CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to report operating and financial results for the third quarter of 2025 and a preliminary capital budget for 2026. Highlights: Peyto reported $198.9 million in funds from operations1,2 ("FFO"), or $0.98/diluted share, and generated $69.1 million of free funds flow3 in the quarter. Strong FFO was driven by the Company’s industry-leading low cash costs4 and realized natural gas price ...

Milestone Marks Diversification into the Liquified Petroleum Gas (LPG) Market Dallas, TX, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today is pleased to announce that its commodities trading platform, Vivakor Supply & Trading (“VST”), has initiated its first major commodity transaction utilizing the Company’s previously announced $40 Million Intermediation Credit Facil ...

Core Insights - Kelso Technologies Inc. reported its third consecutive profitable quarter with a net income of $182,851 for Q3-2025, and gross revenue increased by 11.3% year-over-year to $2.81 million [5][12][15] - The company has successfully reduced total expenses by 20% year-to-date, amounting to $766,486, demonstrating a commitment to cost management and operational efficiency [5][13] - Kelso is diversifying its operations beyond rail markets into sectors such as Water & Wastewater, Oil & Gas, Chemicals, Paper & Pulp, and Irrigation, leveraging existing assets for minimal capital investment [5][13][14] Financial Performance Summary - For Q3-2025, revenues were $2,808,144 compared to $2,523,282 in Q3-2024, with a gross profit of $1,166,259 and a gross profit margin of 42% [6] - Year-to-date revenues for 2025 reached $8,609,426, up from $8,067,477 in 2024, with a gross profit of $3,651,459 [6] - The company reported a profit from continuing operations of $762,806 for the nine months ended September 30, 2025, compared to a loss of $414,402 in the same period of 2024 [6] Liquidity and Capital Resources - As of September 30, 2025, the company had cash of $835,098 and working capital of $2,893,240, an increase from $2,125,386 at the end of 2024 [9][10] - The total assets were $6,516,637, slightly down from $6,570,345 at the end of 2024, while net equity increased to $4,896,343 [10] - The company increased its line of credit from $500,000 to $1,000,000, enhancing its financial flexibility [11] Outlook - Kelso anticipates sales growth of 0% to 5% for FY2025 compared to 2024, with new tank car production expected to decline in 2026 but recover in 2027 [14] - The company is focused on securing AAR approvals for its Angle Valve and Bottom Outlet Valve, which are in service trials, to unlock new revenue streams [14] - Kelso's proactive measures, including market diversification and strengthening liquidity, position it well for long-term success despite modest near-term growth expectations [15]

Core Insights - SOGECLAIR reported a turnover of €117.4 million for the first nine months of 2025, reflecting a growth of 1.4% compared to the same period in 2024, and 1.8% when adjusted for constant exchange rates [1][2] - The third quarter turnover was €36.9 million, showing a slight increase of 0.4% year-on-year, and 2.2% at constant exchange rates [1][2] Financial Performance - The commercial aviation sector, which accounts for 35.6% of turnover, grew by 3.4%, while business aviation, making up 34.2% of turnover, saw a decline of 7% due to reduced manufacturing activities in North America [3] - The defense sector, contributing 14% of turnover, experienced significant growth of 30.8% [3] - The automotive sector declined by 2.9%, and the rail sector saw a decrease of 11.8%, while the space sector grew by 18.7% [4] Geographical Breakdown - Turnover in France increased by 6.3%, representing 69% of total turnover, while turnover in Europe (excluding France) rose sharply by 22.3% [7][8] - The Americas saw a decline of 10.1%, and the Asia-Pacific region experienced a significant drop of 27% [8] Business Unit Performance - The Engineering Business Unit (BU) generated €60.7 million, accounting for 51.7% of total turnover, with an increase of 8.2% [9][10] - The Solutions BU reported a turnover of €56.7 million, down 5% due to unfavorable base effects and negative exchange rate fluctuations [12] Future Outlook - The company anticipates that ongoing improvement plans will yield positive results in 2026, despite the current complex economic and geopolitical environment [15]

Core Insights - Apparel exports from Sri Lanka rose by 1.58% in September 2024, reaching just over $403 million, despite declines in shipments to the US and UK [1] - Total apparel exports for the first nine months of 2025 amounted to $3.79 billion, reflecting a 6.83% increase compared to $3.55 billion in the same period last year [2] - The Sri Lankan apparel sector demonstrated adaptability through efficiency, innovation, and market diversification, even amid global challenges [3] Export Trends - Exports to the US decreased by 4.71%, while exports to the UK fell by 15.06%, but these declines were offset by a 10.75% increase in exports to the EU and a 19.49% rise to other markets [1] - US-bound exports grew by 1.73% to $1.46 billion, and exports to the EU increased by 14.24% to $1.17 billion during the first nine months of 2025 [2] Market Dynamics - The UK market experienced a modest growth of 2.31%, totaling $533.73 million, alongside a 10.45% expansion in other markets, resulting in $630.29 million [3] - The World Bank warned that a 20% tariff imposed on Sri Lankan freight could reduce garment exports to the US by up to 12%, potentially impacting employment, especially for low-skilled workers and women [4] Labor Concerns - Approximately 500 employees from a garment factory protested against a perceived decrease in employee rights following a recent 10% reduction in tariffs on Sri Lankan exports to the US [5]

Financial Performance Highlights - HKEX achieved record half-yearly revenue and other income of HK$14.1 billion, a 33% year-over-year increase[9] - Profit attributable to shareholders reached HK$8.5 billion in 1H 2025, up 39% year-over-year[11] - Core business revenue increased by 34% year-over-year to HK$13.0 billion in 1H 2025[16] - EBITDA increased by 43% year-over-year to HK$10.9 billion in 1H 2025[16] - Headline Average Daily Turnover (ADT) increased by 118% year-over-year[12] Business Segment Performance - Stock Connect revenue reached a record high of HK$1.813 billion, a 51% year-over-year increase[38] - Northbound Stock Connect ADT increased by 32% year-over-year[12] - Southbound Stock Connect ADT nearly tripled compared to 1H 2024[12] - Derivatives Average Daily Volume (ADV) reached a record half-yearly high of 1.7 million contracts, up 11% year-over-year[12] - LME ADV increased by 3% year-over-year[12] Strategic Initiatives and Market Dynamics - IPO funds raised reached HK$109.4 billion, more than 8 times that of 1H24[38]

Core Insights - Peyto Exploration & Development Corp. reported strong operating and financial results for Q2 2025, with production averaging 131.8 Mboe/d, an 8% increase year over year, and a significant rise in funds from operations (FFO) to $191.3 million, or $0.95 per diluted share [3][5][11]. Production and Operations - Production volumes for Q2 2025 averaged 131,754 boe/d, consisting of 696,619 Mcf/d of natural gas and 15,650 bbl/d of NGLs, reflecting an 8% increase year over year [4][5]. - The company operated four drilling rigs in the Greater Sundance and Brazeau areas, with minor operational delays due to wet spring conditions [3][5]. - Peyto drilled 19 gross (17.7 net) wells and completed 19 gross (16.9 net) wells during the quarter, with total capital expenditures of $104.6 million [7][8]. Financial Performance - Funds from operations (FFO) increased by 24% year over year to $191.3 million, driven by low cash costs and a realized natural gas price after hedging of $3.53/Mcf, which is 57% higher than the AECO 7A benchmark [5][11]. - Earnings for the quarter totaled $87.8 million, a 71% increase compared to the previous year, with dividends to shareholders amounting to $66.0 million [5][6]. - Net debt was reduced by $39.9 million during the quarter, totaling $1.24 billion at the end of Q2 2025 [5][6]. Commodity Prices and Realizations - The realized natural gas price after hedging was $3.53/Mcf, significantly higher than the AECO 7A average of $1.96/GJ, due to effective hedging and market diversification [11][12]. - The average realized NGL price was $58.43/bbl, which included a realized hedging gain of $3.68/bbl [12][13]. Cost Management - Total cash costs for the quarter were $1.31/Mcfe, a 13% decrease from the previous year, attributed to lower royalties and interest costs [13][14]. - Operating costs increased slightly to $0.54/Mcfe, primarily due to higher property taxes and government expenses [13][14]. Capital Expenditures and Future Plans - Peyto's capital guidance for 2025 remains unchanged at $450 to $500 million, with plans to ramp up production in Q4 2025 in anticipation of higher winter natural gas prices [24][23]. - The company is actively pursuing drilling in profitable locations, including Notikewin and Falher formations, and has commenced construction of a new compressor station to enhance operational efficiency [20][21]. Market Outlook - The company maintains a bullish outlook on long-term natural gas prices, supported by the start-up of LNG Canada and increasing demand from AI-driven data centers [23][24]. - Peyto's diversified market exposure and hedging strategies are expected to provide revenue security and mitigate price risks [18][23].

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $29 million, representing a 13% year-over-year increase, driven by enhanced contract terms and a 9% growth in average selling price (ASP) [22][6][5] - Adjusted EBITDA was approximately $3.7 million, compared to $1.1 million in the prior year, marking a more than 3x increase [23][6] - Gross margin for the quarter was approximately 33%, slightly higher than in 2024 [22] Business Line Data and Key Metrics Changes - The PAC (Powdered Activated Carbon) business has shown a successful turnaround, with all sales contracts now being net contributors in 2025, a significant improvement from 24% of volumes being loss-making as of December 2022 [24][6] - The GAC (Granular Activated Carbon) line has been successfully commissioned, with a nameplate capacity of 25 million pounds expected to be reached within six months [5][12] Market Data and Key Metrics Changes - The company has reduced its exposure to the mercury emissions market to under 40% of volumes, diversifying into new markets for both PAC and GAC, which improves margins and overall financial performance [8][9] - The granular activated carbon market is experiencing persistent supply shortages, with demand expected to grow significantly due to regulatory changes related to PFAS [10][11] Company Strategy and Development Direction - The company aims to enhance profitability through operational optimization and cost reduction initiatives while expanding into higher growth, higher margin GAC business [7][29] - Plans for a second GAC line are underway, with a final investment decision expected by the end of 2025 [14][29] Management's Comments on Operating Environment and Future Outlook - Management views the current regulatory environment as favorable, with the EPA's pragmatic approach to PFAS regulation seen as beneficial for the business [18][19] - The company is confident in its ability to finance future growth through cash flow generation and existing debt facilities, without the need for further equity issuance [66][68] Other Important Information - The company is engaged in testing programs for asphalt emulsion, which could represent a significant future revenue source [20][78] - The company has reiterated its 2025 capital expenditure forecast of between $8 million and $12 million [26] Q&A Session Summary Question: Can you elaborate on the key milestones in the commissioning process at Red River? - Management confirmed that the operations team is focused on reaching full nameplate capacity of 25 million pounds as quickly as possible, with ongoing tweaks to improve production rates [35][36] Question: What is the expected cost for the second GAC line? - Management indicated that costs are being evaluated and enhancements from the first line will likely reduce expenses for the second line [39][40] Question: What is the timeline for moving from initial sales to contracts in the RNG market? - The timeline varies from one to eight months depending on customer testing requirements, with a focus on maintaining a balanced customer mix across different industries [41][43] Question: What impact did commissioning have on gross margins? - Approximately $1.9 million in costs associated with preproduction inventory were reclassified to R&D expenses, with gross margins expected to remain above 33% going forward [46][47] Question: How confident is the company in financing the second line without issuing equity? - Management expressed confidence in financing through cash flow generation and debt availability, emphasizing a gradual investment approach [66][68]

Core Insights - inTEST reported Q2 2025 results with adjusted earnings per share (Non-GAAP) of $0.03, exceeding the $(0.03) consensus, while revenue reached $28.1 million, slightly above the $28.0 million estimate, despite a 17.2% decline year-over-year [1][2] Financial Performance - Q2 2025 adjusted EBITDA was $1.3 million, marking a return to positive after a loss in the previous quarter [5] - Gross margin improved to 42.6%, up 2.0 percentage points from the previous year, driven by better product mix and cost containment [5][2] - Total orders increased by 6.0% year-over-year and 9.5% sequentially to $27.76 million, with significant growth in automotive/electric vehicle and life sciences sectors [6] Market and Product Focus - inTEST specializes in automated testing and processing technology for various sectors, including semiconductor, automotive, life sciences, and defense/aerospace [3] - The company is focusing on innovation and market diversification, with new products like the SCAiLX Edge AI platform and acquisitions such as Alfamation to drive growth [4] Segment Performance - Semiconductor revenue increased by 0.7% year-over-year to $10.2 million, but orders in this segment fell by 33.9% year-over-year, indicating cautious capital spending [7] - Automotive/EV revenue dropped by 50.0% year-over-year to $6.0 million, affected by customer order timing [7] - Life sciences orders surged by 179.3% year-over-year, reflecting strong performance in that segment [6] Operational Developments - The company is undergoing restructuring to enhance efficiency, with operating expenses projected between $12.6 million and $13.1 million for Q3 2025 [10] - Cash and undrawn term loan capacity stood at $19.2 million at the end of Q2 2025, despite a cash outflow of $2.8 million during the period [10] Future Outlook - Management projects Q3 2025 revenue in the range of $28 million to $30 million, indicating stable or slightly improved sales [12] - Key watch points include the recovery pace of semiconductor orders, execution of cost reductions, and progress in automotive/EV and life sciences segments [13]