Plains is targeting $100 million of identified annual savings through 2027 , with approximately 50% expected to be realized in 2026. Management attributed the opportunity to a simplified post-divestiture business and described planned actions including reducing G&A and operating expenses, consolidating operations, and exiting or optimizing lower-margin businesses.Closing the NGL divestiture near the end of the first quarter of 2026, pending Canadian Competition Bureau approval.Plains said 2026 will be a yea ...

Canada strategic partnership: Invesco announced a deal with CI Global Asset Management under which CI GAM will acquire Invesco’s Canadian mutual fund and ETF complex (100 funds, about $19 billion in AUM). Invesco will remain sub-advisor on 63 funds totaling about $10 billion in AUM. Dukes said the transaction is expected to close toward the end of the second quarter, with an operating income headwind beginning in the third quarter.Asset sales and joint ventures: Invesco completed the sale of Intelliflo to C ...

Group 1 - Nutrien Ltd (NYSE:NTR) is recognized as one of the best fertilizer stocks to invest in, with a price target raised to $65 from $61 by Mizuho analysts, while the stock has rallied approximately 36% in 2025 [1] - The company completed the sale of its 50% equity position in Profertil S.A. for $600 million, marking a significant step in its portfolio simplification strategy [2] - Nutrien's President and CEO, Ken Seitz, stated that the sale enhances earnings quality and cash conversion, with plans to allocate proceeds towards growth investments, share repurchases, and debt reduction [3] Group 2 - Nutrien Ltd is the world's largest provider of crop inputs and services, involved in the entire agricultural value chain, producing potash, nitrogen, and phosphate fertilizers, and distributing them globally [4]

Core Viewpoint - Amplify Energy Corp. has successfully completed the sale of its interests in Oklahoma for a contract price of $92.5 million, which is part of its strategic plan to simplify its portfolio and improve its financial position [1][2]. Group 1: Financial Transactions - The sale of interests in Oklahoma is valued at $92.5 million, subject to customary post-closing adjustments [1]. - Proceeds from the divestitures in East Texas and Oklahoma have allowed the company to eliminate all outstanding debt under its current revolving credit facility [2]. - The company is in the process of amending its credit facility, which is expected to close by December 31 [2]. Group 2: Strategic Focus - The CEO of Amplify Energy expressed excitement about completing the transactions, emphasizing the company's intention to focus resources on its highest upside assets [3]. - Following the transactions, Amplify expects to significantly reduce general and administrative costs [3]. - The company aims to create substantial value at its remaining assets, specifically Beta and Bairoil [3]. Group 3: Company Overview - Amplify Energy Corp. is an independent oil company engaged in the acquisition, development, exploitation, and production of oil, with operations primarily focused in Beta (Pacific Offshore Continental Shelf) and Bairoil (Rockies) [4].

Financial Data and Key Metrics Changes - Sales for Q3 2025 were $485 million, down 12% from Q3 2024, reflecting ongoing market headwinds [5][13] - Adjusted EBITDA for Q3 2025 was $70.9 million, compared to $77.4 million in Q3 2024, with an adjusted EPS of $1.21 per share versus $1.37 last year [5][6] - SG&A expenses were down 14% on an adjusted basis compared to the prior year, equating to over $19 million in savings [6][8] Business Line Data and Key Metrics Changes - RPS sales decreased by $15 million (6%), PC sales were down $32 million (18%), and CM&C sales decreased by $21 million (16%) compared to the prior year [13] - RPS generated adjusted EBITDA of $29 million with a 12.5% margin, while PC delivered $26 million with an 18.1% margin, and CM&C reported $16 million with a 14.4% margin [13][14] Market Data and Key Metrics Changes - The utility and industrial products market saw a 6% increase in volumes year-over-year, while residential demand was down by about 5% [19][20] - The railroad products and services business experienced a 7% decline in treated ties sales units compared to the prior year [22] Company Strategy and Development Direction - The company is focusing on cost control and simplifying its business structure, including the sale of its railroad structures business and the closure of the ThioLignin hydride plant [8][9] - The Catalyst initiative aims to enhance operational efficiency and is expected to deliver approximately $80 million in ongoing benefits by the end of 2028 [28][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 but expressed optimism for future growth, particularly in 2026 [32][33] - The company revised its consolidated sales guidance for 2025 to $1.9 billion, reflecting a soft demand environment across most markets [30][31] Other Important Information - The board declared a quarterly cash dividend of $0.08 per share, representing a 14% increase over the 2024 dividend [17] - The company ended Q3 2025 with a net leverage ratio of 3.4 times and $379 million in available liquidity [18] Q&A Session Summary Question: Concerns about cost management in the Performance Chemicals segment - Management indicated that costs are being managed, but they are cautious about cutting too deeply in PC due to its future potential [34][35] Question: Strategy for growing the utility pole business - The company sees significant market opportunities for growth in the utility pole sector and plans to expand its capabilities [38][39] Question: Outlook for the Performance Chemicals market - Management believes the current market setback is temporary and expects to see growth returning in line with historical trends [41][42]

Core Points - Amplify Energy Corp. has entered into a definitive agreement to sell all its interests in Oklahoma for a total contract price of $92.5 million, expected to close by the end of Q4 2025, marking a complete exit from Oklahoma [1] - The sale is part of a broader strategy to simplify the company's portfolio, strengthen its balance sheet, and focus on high-upside assets, following previous divestitures in East Texas and Eagle Ford [2][3] - The CEO emphasized that these divestitures align with the company's new strategic direction and will position Amplify to create significant upside value at its remaining assets, Beta and Bairoil [3] Company Overview - Amplify Energy Corp. is an independent oil company focused on the acquisition, development, exploitation, and production of oil properties, primarily in federal waters offshore Southern California and the Rockies [4]

Group 1 - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1]

Financial Performance - The company's statutory NPAT increased by 82% to $149.1 million compared to FY24[9] - Underlying EBITA increased by 25% to $474.2 million compared to FY24[9] - The company achieved an EBITA margin of 4.4%, exceeding the management target of 4.2%[9] - The company's cash conversion was 98%, exceeding the target of >90%[9] - The company's leverage ratio improved to 0.9x net debt to EBITDA, compared to 1.3x at Dec-24[9] - The company achieved annualised gross cost out of $213 million, exceeding the upsized target of $200 million[9] Revenue and Work-in-Hand - The company's FY25 revenue was $10.6 billion[101] - The company's work-in-hand is $35.1 billion[53] Shareholder Returns - The company announced an on-market share buy-back of up to $230 million, representing approximately 5% of issued capital[8, 73, 78] - The company's total dividend increased by 46% on FY24[9, 75] - The company's final dividend is 14.1cps, 100% franked[9] Outlook - The company is targeting underlying earnings and EBITA margin improvement in FY26, with underlying revenue forecast to be flat to slightly lower than FY25 pro forma revenue[84]

Core Insights - CTO Realty Growth, Inc. has sold its Main Street properties in Daytona Beach, Florida for $7.1 million, resulting in a gain of approximately $1.1 million from the sale [1] - The company provided seller financing of $5.0 million for 5 years at an annual interest rate of 6.50% as part of the transaction [1] - The company aims to simplify its portfolio and reinvest the proceeds from the sale into larger format shopping centers located in high growth target markets in the Southeast and Southwest [2] Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality, open-air shopping centers in the higher growth Southeast and Southwest markets of the United States [2] - The company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [2]