Planned debt reduction enhances financial flexibility to advance U.S. Graphite StrategyGOUVERNEUR, N.Y., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, NYSE-A:TII), (“Titan” or the “Company”) an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer (a key component of the broader rare earths and critical minerals ecosystem), announced that it has made the final scheduled payment of $5.2 million to extinguish its credit facility with Natio ...

2026 Budget & Guidance - Development capital expenditures are budgeted between $180 million and $190 million[10] - The company forecasts average production between 39,000 and 41,000 barrels of oil equivalent per day (boe/d)[10] - Oil and liquids are expected to comprise approximately 81% of the production mix[10] - Adjusted Funds Flow (AFF) is projected to be between $325 million and $375 million, or $1.75 to $2.00 per share[10] - Free Funds Flow (FFF) is forecasted between $120 million and $170 million, or $0.65 to $0.95 per share, resulting in a free funds flow yield of 25% to 35%[10] - Net debt at the end of 2026 is estimated to be between $645 million and $695 million, with a net debt to adjusted EBITDA ratio of 1.4x to 1.7x[10] Sensitivity Analysis - A $5.00 change in WTI oil price is expected to impact AFF by approximately $50 million[13] - A 1,000 barrel per day change in oil production is projected to impact AFF by approximately $25 million[13] - A $0.01 change in the CAD/USD exchange rate is expected to impact AFF by approximately $8 million[13] - A $0.50 change in AECO gas price is projected to impact AFF by approximately $3 million[13] Development Program Highlights - Approximately 33% of the 2026 development capital is allocated to Open Hole Multi-Lateral (OHML) locations in Southeast Saskatchewan (SE SK)[9, 15] - The company plans for 32 OHML locations in 2026 and has identified over 300 OHML locations in SE SK[15] - The company plans for 23 conventional wells[19]

Core Insights - Huntsman Corporation reported third quarter 2025 results with revenues of $1,460 million, a decrease of 5% compared to $1,540 million in the same period of 2024 [2][10] - The net loss attributable to Huntsman was $25 million, an improvement from a net loss of $33 million in the prior year [2][10] - Adjusted EBITDA for the third quarter was $94 million, down from $131 million year-over-year [2][10] Financial Performance - Revenues for the nine months ended September 30, 2025, were $4,328 million, compared to $4,584 million in 2024, reflecting a 6% decline [13] - The diluted loss per share for Q3 2025 was $0.14, compared to a diluted loss per share of $0.19 in Q3 2024 [10] - Free cash flow from continuing operations increased to $157 million in Q3 2025 from $93 million in Q3 2024 [6][10] Segment Analysis - **Polyurethanes**: Revenues decreased by 5% to $956 million due to lower average selling prices, despite higher sales volumes [3][14] - **Performance Products**: Revenues fell by 12% to $246 million, primarily due to lower sales volumes and average selling prices [4][14] - **Advanced Materials**: Revenues increased by 2% to $265 million, driven by higher average selling prices [5][14] Cost Management and Restructuring - The company is on track with restructuring programs expected to yield over $100 million in savings by 2026 [2] - Operating expenses for Q3 2025 were $198 million, slightly higher than $192 million in Q3 2024 [13] Dividend and Capital Allocation - The Board of Huntsman Corporation decided to reset the regular dividend to $0.35 annually, a reduction of 65% from previous levels, to maintain financial flexibility [2][10] - The company anticipates returning to a higher dividend payout when conditions improve [2] Liquidity and Capital Resources - As of September 30, 2025, Huntsman had approximately $1.4 billion in combined cash and unused borrowing capacity [6] - Capital expenditures for Q3 2025 were $43 million, slightly up from $41 million in the same period of 2024 [7]

Core Insights - Tenaz Energy Corp. reported significant financial and operational improvements for Q3 2025, including a 48% increase in production volumes and a substantial rise in funds flow from operations [5][10][15] Financial Performance - Production volumes averaged 11,832 boe/d in Q3 2025, up 48% from Q2 2025, attributed to contributions from Tenaz Energy Netherlands [5][10] - Funds flow from operations for Q3 was $40.2 million ($1.42/share), compared to $17.2 million ($0.61/share) in Q2 2025, driven by the TEN acquisition [5][10] - Operating netback improved to $49.08/boe in Q3 2025, a 62% increase from the previous year, due to higher margins from TEN assets [5][10] - Net income for Q3 2025 was $24.8 million ($0.87/share), a turnaround from a loss of $2.5 million in Q3 2024 [5][10] - Tenaz ended Q3 2025 with a net debt position of $55.0 million, down from $100.2 million at the end of Q2 2025 [5][10] Corporate Developments - On October 6, 2025, Tenaz announced the acquisition of Hansa Hydrocarbons Limited, enhancing its interests in the GEMS project in the North Sea [18][19] - The GEMS acquisition was valued at $232 million in cash and $12 million in Tenaz shares, with potential additional payments based on future exploration success [19][20] - Production guidance for 2025 was increased to 9,500 to 10,000 boe/d, reflecting contributions from TEN and GEMS [36] Operational Highlights - The company successfully completed two offshore turnarounds in Q3 2025, with net production for Netherlands assets averaging 9,506 boe/d [22] - Canadian production reached a record level, up 2% from Q2 2025 and 51% from Q3 2024, with strong performance from recent wells [26] - Significant capital expenditure guidance was revised to a range of $100 to $110 million for D&D CAPEX [36] Resource Evaluation - The Resource Report for TEN assets indicated contingent resources of 11.8 million boe (1C) to 29.0 million boe (3C), with a risked best estimate of 12.9 million boe [11][44] - Prospective resources were estimated at 81.9 million boe (low) to 412.3 million boe (high), with a risked mean of 60.7 million boe [11][45] Market Environment - TTF gas prices averaged €32.43/MWh ($15.30/Mcf) in Q3 2025, supported by increased LNG imports into Europe [27][28] - The company has hedged approximately 56% of its Q4 2025 TTF gas production at an average price of €34.21/MWh ($16.31/Mcf) [29]

Core Insights - The Bouygues Group reported strong results for the first nine months of 2025, with sales reaching €41.9 billion, a 0.9% increase year-on-year, primarily driven by construction businesses [4][7][13] - Current operating profit from activities (COPA) increased by €95 million to €1,814 million, reflecting growth in construction and Equans [4][7][24] - Net profit attributable to the Group, excluding exceptional income tax surcharge, rose by €48 million to €735 million [4][7][64] Financial Performance - Sales for 9M 2025: €41,857 million, compared to €41,492 million in 9M 2024, representing a 0.9% increase [4][63] - Current operating profit from activities (COPA): €1,814 million, up from €1,719 million, a 5.5% increase [4][63] - Net profit attributable to the Group: €675 million, down from €687 million, while excluding exceptional income tax surcharge, it was €735 million, up from €687 million [4][64] Debt and Cash Position - Net debt at end-September 2025 was €7.6 billion, an improvement of €856 million compared to €8.5 billion at end-September 2024 [6][41] - The Group maintained a high liquidity level of €14.4 billion, including €3.1 billion in cash and equivalents [40] Business Segments Performance - Construction businesses reported sales of €20.6 billion, a 2% increase year-on-year, with COPA rising to €591 million, up €115 million [24][66] - Equans' sales decreased by 2% to €13.8 billion, but COPA increased by €91 million to €565 million, reflecting successful execution of its strategic plan [28][29] - Bouygues Telecom's sales increased by 4% to €5.9 billion, with a stable EBITDA after leases of €1.5 billion [33][34] Outlook and Guidance - The Group targets a slight increase in COPA and sales at constant exchange rates for 2025 compared to 2024 [2][9][10] - Bouygues Telecom aims for stable sales, with a focus on maintaining customer satisfaction and managing costs effectively [30][36] Sector-Specific Insights - The construction backlog at end-September 2025 was €32.1 billion, up 1% year-on-year, indicating strong future activity visibility [18][54] - Bouygues Construction's order intake was €6.8 billion, with a significant portion from contracts under €100 million [23][57] - TF1 group's sales remained stable at €1.6 billion, with a slight decrease in COPA to €191 million [37][38]

Core Insights - SM Energy Company reported record production for the third quarter of 2025, achieving net production volumes of 19.7 million barrels of oil equivalent (MMBoe), with over 53% being oil [4][10] - The company maintained strong cash production margins despite lower oil prices, demonstrating operational efficiencies and disciplined capital allocation [3][10] - The company returned $35.1 million to stockholders through dividends and share repurchases, reflecting its commitment to stockholder returns [3][17] Financial Performance - Net income for the third quarter of 2025 was $155.1 million, or $1.35 per diluted share, down from $240.5 million, or $2.09 per diluted share, in the same period of 2024 [7][10] - Net cash provided by operating activities increased by 33% year-over-year to $557.5 million, driven by higher production volumes and a favorable net derivative settlement gain [8][10] - Adjusted EBITDAX for the third quarter was $588.2 million, a 22% increase from $481.5 million in the same period of 2024 [12] Production and Pricing - The company’s oil production averaged 113.9 thousand barrels per day (MBbl/d), with total production comprising 39% from the Midland Basin, 40% from South Texas, and 21% from the Uinta Basin [4][10] - Realized prices for oil were $63.83 per barrel before hedges, while natural gas averaged $2.19 per thousand cubic feet (Mcf) [5][11] - The company experienced a 26% increase in total net daily production and a 47% increase in net daily oil production compared to the third quarter of 2024 [10] Capital Expenditures and Activity - Capital expenditures for the third quarter totaled $397.7 million, with $323.2 million after adjustments, including investments in high-return wells expected to come online in 2026 [14][16] - The company drilled 24 net wells during the quarter, with significant activity in the Midland Basin, South Texas, and Uinta Basin [14][15] Guidance and Future Outlook - For the fourth quarter of 2025, the company expects production between 207-208 MBoe/d, with approximately 50% of expected net oil production hedged at an average price of $63.14 per barrel [23] - Full-year capital expenditures are projected to range from $1.375 billion to $1.395 billion, reflecting ongoing investments in high-quality assets [23]

Core Insights - Baytex Energy Corp. reported solid third-quarter results for 2025, showcasing record production in the Pembina Duvernay and strong free cash flow generation, alongside continued debt reduction efforts [2][18][19] Financial Performance - Total petroleum and natural gas sales reached CAD 927.6 million in Q3 2025, compared to CAD 886.6 million in Q2 2025 and CAD 1.1 billion in Q3 2024 [10] - Adjusted funds flow was CAD 422 million (CAD 0.55 per basic share) for Q3 2025, down from CAD 537.9 million (CAD 0.68 per basic share) in Q3 2024 [10][18] - Free cash flow generated was CAD 143 million (CAD 0.19 per basic share), a significant increase from CAD 3.2 million in Q2 2025 [10][18] - Net income for the quarter was CAD 32 million (CAD 0.04 per basic share), a decrease from CAD 151.5 million in Q2 2025 and CAD 185.2 million in Q3 2024 [10][18] Production Highlights - Average production was 150,950 boe/d (86% oil and NGL), reflecting a 1% increase in production per basic share compared to Q3 2024 [7][20] - Pembina Duvernay production reached a record 10,185 boe/d (77% oil and NGL), up 53% from Q2 2025 [7][25] - Heavy oil production averaged 47,280 boe/d (96% oil and NGL), a 5% increase from Q2 2025 [30] Capital Expenditures and Debt Management - Exploration and development expenditures for Q3 2025 totaled CAD 270 million, with a full-year plan anticipating approximately CAD 1.2 billion [4][20] - Net debt decreased by 2% (CAD 50 million) to CAD 2.2 billion, supported by strong free cash flow [19][20] - The company plans to allocate 100% of free cash flow to debt repayment after funding quarterly dividends, targeting net debt of approximately CAD 2.1 billion by year-end [5][19] Strategic Developments - A strategic property swap in the Pembina Duvernay has consolidated the company's position, facilitating full-scale development [2][28] - The company has expanded its heavy oil development fairway and consolidated acreage through targeted land acquisitions [7][30] Dividend Declaration - The Board of Directors declared a quarterly cash dividend of CAD 0.0225 per share, payable on January 2, 2026 [33]

Financial Performance - The company reported revenues of €738.3 million for the first half of 2025, representing a 5.0% increase compared to €702.9 million in the same period of 2024. At constant exchange rates, revenue growth was 7.8% [1][7] - Current operating profit before amortization of assets from acquisitions decreased to €135.0 million, down 10.2% from €150.4 million in the first half of 2024, resulting in a margin of 18.3% of revenue [1][9] - Consolidated net income fell to €82.2 million, a decrease of 13.3% compared to €94.9 million in the first half of 2024 [1][10] Growth Drivers - The integration of Sasaeah, acquired in April 2024, contributed 2.2 percentage points to revenue growth. Organic growth at constant exchange rates and scope reached 5.6%, driven by a volume increase of approximately 2.1 points and price growth of about 3.5 points [7][8] - Regional performance varied, with Europe achieving a notable growth of 7.1% at constant exchange rates, particularly in Western Europe with a 9.4% increase, while North America grew by 5.9% [8] Financial Outlook - The company confirmed its 2025 revenue growth target of 4% to 6% at constant rates and scope, with the Sasaeah acquisition expected to contribute an additional 1 percentage point to growth [3][13] - The ratio of adjusted recurring operating income to revenue is anticipated to stabilize around 16% for 2025, reflecting ongoing investments in R&D [3][13] Debt and Cash Flow - As of June 30, 2025, net debt was reported at €201.4 million, a reduction of 21.0% from €254.9 million in the previous year [1][12] - Operating cash flow before interest and taxes was €164.0 million, down 5.0% from €172.6 million in the first half of 2024 [1][5]

Core Insights - Greif, Inc. reported fiscal third quarter 2025 results, highlighting a significant decrease in net income primarily due to a prior year gain from divestiture [1][6] - The company is in the process of divesting its containerboard business for $1.8 billion, which will be classified as discontinued operations starting Q3 2025 [2][6] Financial Highlights - Net income decreased by 49.6% to $39.3 million or $0.67 per diluted Class A share compared to $78.0 million or $1.35 per diluted Class A share in Q3 2024 [6] - Adjusted EBITDA increased by 2.4% to $160.7 million compared to $157.0 million in the prior year [6] - Combined Adjusted EBITDA rose by 11% to $220.9 million from $199.4 million [6] - Net cash provided by operating activities increased by $123.1 million to $199.9 million [6] - Adjusted free cash flow increased by $136.4 million to $170.7 million [6] Segment Performance - Customized Polymer Solutions net sales increased by $25.1 million to $339.8 million, driven by higher volumes and selling prices [10] - Durable Metal Solutions net sales decreased by $24.3 million to $399.8 million, primarily due to lower volumes [14] - Sustainable Fiber Solutions net sales decreased by $17.6 million to $308.0 million, impacted by lower volumes [16] - Integrated Solutions net sales decreased by $13.4 million to $87.1 million, affected by the Delta Divestiture [18] Strategic Actions - The company achieved run-rate savings of $20 million from cost optimization initiatives by the end of Q3 2025, already at the midpoint of its $15 - $25 million target range [6] - A definitive agreement was signed for the sale of the timberlands business for $462 million, expected to close on October 1, 2025 [6] Dividend Information - The Board of Directors declared quarterly cash dividends of $0.56 per share for Class A Common Stock and $0.84 per share for Class B Common Stock, reflecting an increase from the previous quarter [22]

Core Insights - Brightstar Lottery PLC reported a second quarter revenue of $631 million, reflecting a 3% increase year-over-year, stable at constant currency [4][3] - The company experienced a loss from continuing operations of $60 million compared to an income of $84 million in the prior year, primarily due to foreign exchange losses and restructuring charges [5][9] - Brightstar secured a nine-year Lotto operator license in Italy and completed the sale of its Gaming & Digital business for approximately $4 billion, which will be used for debt reduction and shareholder returns [2][7][20] Financial Performance - Revenue for the second quarter was $631 million, up 3% from $613 million in the same quarter last year [4][3] - Operating income decreased to $139 million, down 22% from $179 million year-over-year, with an operating income margin of 22.0% [3][19] - Adjusted EBITDA was $274 million, a decrease of 5% from $290 million in the prior year, with an adjusted EBITDA margin of 43.5% [8][3] Cash Flow and Liquidity - Net cash provided by operating activities was $265 million, a 6% increase from $250 million in the previous year [3][41] - The company reported total liquidity of $2.9 billion, including $1.3 billion in cash and cash equivalents [15][41] - Free cash flow for the quarter was $167 million, down 21% from $210 million in the prior year [6][42] Shareholder Returns - The Board of Directors declared a special cash dividend of $3.00 per share, payable on July 29, 2025, and announced a $250 million accelerated share repurchase program [20][16] - The company plans to return approximately $1.1 billion to shareholders following the sale of its Gaming & Digital business [20][17] Market Dynamics - Global same-store sales growth for instant ticket and draw games was 2.6%, with product sales revenue increasing by 59% [6][7] - The U.S. multi-state jackpot wager-based revenue decreased by 35%, reflecting elevated jackpot activity in the prior year [38][39] - Instant ticket and draw same-store sales increased across various geographies, with Italy showing a 3.7% increase and the Rest of the World climbing 8.4% [7][39]