Allegiant Travel Company (NasdaqGS:ALGT) Q4 2025 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsCatherine O'Brien - VPConor Cunningham - DirectorDrew Wells - Chief Commercial OfficerDuane Pfennigwerth - Senior Managing DirectorGreg Anderson - CEOJohn Godyn - Managing DirectorRavi Shanker - Managing DirectorRobert Neal - President and CFOSavanthi Syth - Managing DirectorSherry Wilson - Managing Director of Investor RelationsConference Call ParticipantsAndrew Didora - Senior Equity Research A ...

Allegiant Travel Company (NasdaqGS:ALGT) Q4 2025 Earnings call February 04, 2026 04:30 PM ET Speaker2Hello and welcome to the Allegiant Travel Company fourth quarter and full year 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, please press star one on your telephone keypad. I would now like to turn the conference over to Sherry Wilson, Manag ...

Core Insights - Titan Logix Corp. announced its interim results for the three- and twelve-month periods ended August 31, 2025, highlighting a slight revenue decrease and a net loss for the fiscal year [1][6]. Financial Performance - Revenues for fiscal 2025 decreased by $103 thousand or 2% to $6,754 thousand compared to $6,857 thousand in fiscal 2024 [6][7]. - Gross profit decreased by $359 thousand to $3,104 thousand, representing 46% of revenue in fiscal 2025, down from 51% in fiscal 2024 [6][7]. - Operating EBITDA reported at $929 thousand for fiscal 2025, down from $1,148 thousand in fiscal 2024 [6][7]. - The company incurred a net loss of $436 thousand in fiscal 2025, a decrease of $982 thousand compared to net income of $546 thousand in fiscal 2024 [6][7]. - Basic and diluted loss per share was $0.02 in fiscal 2025, compared to earnings per share of $0.02 in fiscal 2024 [6][7]. Product Development and Market Strategy - The company launched a new product line for the refined petroleum market, aiming to diversify its business into new liquid verticals beyond crude oil [2][3]. - Titan's new product line is expected to enhance sales through Dealer & OEM channels, leveraging their expertise across North America [3]. - The launch of connected apps, Titan Install and Titan Portal, has reduced installation complexity and improved product reliability [4][5]. - The company plans to shift focus from R&D investments to market penetration and adoption in the new fiscal year [5]. Share Repurchase Program - Titan implemented a Normal Course Issuer Bid (NCIB) in April 2025 to repurchase and cancel up to 1,759,649 common shares, representing approximately 10% of the public float [6]. - As of August 31, 2025, the company repurchased and cancelled 970,000 common shares at an average price of $0.76 per share [6]. Company Overview - Titan Logix Corp. specializes in mobile liquid measurement solutions and has been a market leader for over 25 years [12]. - The company serves various industries, including petroleum, environmental solutions, chemical, and agriculture [12].

Core Insights - Trican Well Service Ltd. reported strong third-quarter results for 2025, driven by the acquisition of Iron Horse Coiled Tubing Inc. and increased operating activity despite weak commodity prices [5][29]. Financial Performance - Revenue for Q3 2025 was $300.6 million, up from $221.6 million in Q3 2024, marking a 35.5% increase [5][7]. - Adjusted EBITDAS for Q3 2025 was $66.9 million, compared to $53.1 million in Q3 2024, reflecting a 25.5% increase [5][7]. - Free cash flow for Q3 2025 was $35.4 million, up from $32.4 million in Q3 2024, with free cash flow per share increasing to $0.19 from $0.16 [5][7]. - Profit for Q3 2025 was $28.9 million, compared to $24.5 million in Q3 2024, with profit per share rising to $0.15 from $0.12 [5][7]. Acquisition Details - The acquisition of Iron Horse was completed on August 27, 2025, for $77.25 million in cash and 33.76 million common shares, enhancing Trican's service capabilities in key plays [3][29]. - The acquisition added four fracturing spreads and 10 coiled tubing units, significantly expanding Trican's operational capacity [30]. Capital Management - Trican's balance sheet remains strong, with positive working capital of $209.4 million as of September 30, 2025, compared to $101.7 million at the end of 2024 [5][16]. - The company has been active in its Normal Course Issuer Bid (NCIB) program, repurchasing 13.2 million shares at an average price of $4.27 per share [6][37]. - A quarterly dividend of $0.055 per share was approved, reflecting a 22.2% increase from the previous year [8][36]. Market Conditions - Commodity prices have been challenging, with oil prices trending downwards, affecting customer capital programs [19][20]. - The commencement of LNG exports from the LNG Canada facility is expected to improve natural gas pricing and support growth in drilling and completions activity [21][24]. Strategic Initiatives - Trican is investing in technology modernization, including an integrated ERP platform and enhancements in artificial intelligence and data analytics [11][34]. - The company is upgrading its hydraulic fracturing fleet with Tier 4 Dynamic Gas Blending engine technology and electric ancillary equipment to reduce emissions and fuel costs [13][15].

Core Viewpoint - Trican Well Service Ltd. reported a marginal increase in revenue and profit for Q2 2025, driven by slight operational activity despite weak natural gas prices. The company also announced a strategic acquisition of Iron Horse Coiled Tubing Inc. to enhance its service capabilities in the Western Canadian Sedimentary Basin [3][5][22]. Financial Performance - Revenue for Q2 2025 was $213.8 million, up from $211.8 million in Q2 2024, reflecting a 0.9% increase [5]. - Adjusted EBITDAS for Q2 2025 was $47.3 million, compared to $45.2 million in Q2 2024, indicating a 4.6% increase [5]. - Profit for Q2 2025 was $19.5 million, up from $16.2 million in Q2 2024, representing a 20.3% increase [5]. - Free cash flow for Q2 2025 was $24.4 million, compared to $20.9 million in Q2 2024, marking a 16.8% increase [5]. Strategic Initiatives - The company entered into an agreement to acquire Iron Horse for approximately $77.35 million in cash and 33.76 million common shares, enhancing its operational expertise in coiled tubing and fracturing services [3][22]. - Trican's NCIB program resulted in the purchase and cancellation of 8,061,062 common shares in Q2 2025, representing about 4% of outstanding shares [6]. Capital Expenditures and Technology - Capital expenditures for Q2 2025 totaled $16.2 million, primarily for maintenance and electric ancillary fracturing equipment [10]. - A significant technology modernization initiative is underway, with an investment of $10 million anticipated for 2025 to enhance operational efficiency and incorporate advanced technologies [11][24]. Market Outlook - The commencement of LNG exports from Canada is expected to increase natural gas demand and prices, benefiting the industry [18]. - The Trans Mountain Pipeline expansion is now operational, improving oil export capacity and narrowing price differentials for Canadian crude [19]. - The Montney and Duvernay resource plays are anticipated to see increased activity due to attractive well economics and demand from LNG exports [21]. Dividend and Return of Capital - The company paid a cash dividend of $0.050 per share in Q2 2025, totaling $9.0 million, and plans to increase the quarterly dividend to $0.055 per share following the acquisition [9][25].