Nov 5, 2025 4:17 PM Eastern Standard Time CareTrust REIT Announces Third Quarter 2025 Operating Results Share Conference Call Scheduled for Thursday, November 6, 2025 at 2:00 pm ET SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2025, as well as other recent events. For the quarter, CareTrust REIT reported: Since quarter end, CareTrust REIT reports: CareTrust's President and Chief Executive Officer, Dave Sedgwick, c ...

Core Insights - Yangaroo reported its twelfth consecutive quarter of positive Normalized EBITDA, demonstrating strong operational focus despite challenging market conditions [2][5] - Total revenue for Q2 2025 declined by $298,248, or approximately 15% year-over-year, attributed to geopolitical tensions and protectionist trade measures [3][9] Financial Performance - Revenue for Q2 2025 was $1,651,441, compared to $1,949,689 in Q2 2024 and $1,782,058 in Q1 2025 [6][9] - Operating loss for Q2 2025 was $18,777, with Normalized EBITDA at $220,909, down from $337,818 in Q2 2024 [4][9] - Operating expenses decreased to $1,670,218 in Q2 2025 from $1,838,985 in Q2 2024, reflecting cost control measures [9] Revenue Breakdown - Advertising revenue decreased by $222,360, or 16%, and Entertainment revenue decreased by $75,888, or 14% year-over-year [9] - Compared to Q1 2025, revenue decreased by $130,617, or 7%, primarily due to lower Advertising revenue [9] Strategic Focus - The company emphasized operational efficiency and disciplined cost control, which mitigated the negative impact on operating income [3][5] - Management remains focused on executing growth strategies, expanding the customer base, and investing in platforms for future opportunities [5] Legal and Corporate Developments - The company reached a settlement agreement of $60,000 related to ongoing legal proceedings from the 2021 acquisition of Digital Media Services Inc. [11] - A second settlement agreement for $150,000 was reached with the accounting firm involved in the same lawsuit [11]

Core Viewpoint - South Bow Corp. reported its second-quarter 2025 financial and operational results, highlighting stable performance despite challenges in the market and ongoing projects related to its spinoff from TC Energy [1]. Financial Performance - Revenue for Q2 2025 was $524 million, with a net income of $96 million, translating to $0.46 per share [8]. - Normalized EBITDA for Q2 2025 was $250 million, a 6% decrease from Q1 2025, primarily due to lower contributions from the Marketing segment [5][8]. - Distributable cash flow reached $167 million in Q2 2025 [5]. - The company maintained total long-term debt of $5.8 billion and net debt of $4.9 billion, with a net debt-to-normalized EBITDA ratio of 4.6 times as of June 30, 2025 [5][8]. Operational Performance - Average throughput on the Keystone Pipeline was approximately 544,000 barrels per day (bbl/d) in Q2 2025, with the U.S. Gulf Coast segment averaging about 760,000 bbl/d [5]. - The company completed construction of a 150,000-barrel crude oil storage tank as part of the Blackrod Connection Project, which is expected to be operational in early 2026 [5]. - South Bow successfully completed cleanup and reclamation of the Milepost 171 incident site, with costs estimated at $58 million, largely recoverable through insurance [5][12]. Returns to Shareholders - The company declared dividends totaling $104 million, or $0.50 per share, during Q2 2025, with the next dividend payment scheduled for October 15, 2025 [5][8]. - South Bow's capital allocation priorities include paying a sustainable base dividend and strengthening its investment-grade financial position [23]. Outlook - The demand for uncommitted capacity on the Keystone Pipeline is expected to remain low in the near term due to excess pipeline egress capacity in the Western Canadian Sedimentary Basin [13]. - South Bow anticipates a modest increase in its net debt-to-normalized EBITDA ratio through 2025, with expectations to begin reducing leverage once the Blackrod Connection Project starts generating cash flow in 2026 [14].