DENVER, April 30, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced its first quarter 2025 financial and operating results.  The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended March 31, 2025.First Quarter 2025 Highlights: Low pressure gathering and processing volumes increased by 1% and 3%, respectively, compared to the prior year quarte ...

Hess Midstream (HESM) Q1 2025 Earnings Call April 30, 2025 12:00 PM ET Company Participants Jennifer Gordon - Director of Investor RelationsJohn Gatling - President & COOJonathan Stein - CFO, CRO, SVP - Strategy & PlanningEli Jossen - Equity Research Vice PresidentNaomi Marfatia - Associate Director - Equity ResearchDoug Irwin - Vice PresidentJohn Mackay - VP - Equity Research Conference Call Participants Praneeth Satish - Analyst Operator Good day, ladies and gentlemen, and welcome to the First Quarter twe ...

ONEOK (OKE) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Good day, everyone, and welcome to the First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Megan Patterson. Ma'am, please go ahead. Speaker1 Thank you, Jamie, and welcome to ONEOK's first quarter twenty twenty five earnings ...

ONEOK (OKE) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Megan Patterson - Vice President, Investor RelationPierce Norton - President, CEO and DirectorWalter Hulse - CFO, Treasurer and EVP, IR & Corporate DevelopmentSheridan Swords - EVP & CCODoug Irwin - Vice PresidentTheresa Chen - MD - Equity ResearchMichael Blum - Managing DirectorJean Ann Salisbury - Managing DirectorManav Gupta - Executive DirectorKeith Stanley - DirectorAJ O'Donnell - Director - Equity ResearchSunil Sibal - M ...

Core Points - DT Midstream, Inc. reported a net income of $108 million, or $1.06 per diluted share, for the first quarter of 2025, with Operating Earnings also at $108 million and Adjusted EBITDA at $280 million [1][2][25] - The company declared a dividend of $0.82 per share, payable on July 15, 2025, to stockholders of record by June 16, 2025 [2] - The integration of new interstate pipelines has progressed well, contributing to a strong start for the year [2][7] Financial Performance - For the first quarter of 2025, the net income attributable to DT Midstream was $108 million, compared to $73 million in the same period of 2024 [25][30] - Adjusted EBITDA increased to $280 million in Q1 2025 from $235 million in Q1 2024 [25][30] - The company reported a Distributable Cash Flow (DCF) of $250 million for Q1 2025, significantly higher than $133 million in Q1 2024 [30] Business Updates - The company has successfully integrated new interstate pipelines into its financial system and commenced construction activities for a new power plant lateral [7] - DT Midstream is advancing on a project backlog valued at approximately $2.3 billion [7] - The company is committed to achieving net zero greenhouse gas emissions by 2050, with a target of 30% reduction in carbon emissions by 2030 [4] Operational Metrics - The company’s Adjusted EBITDA is calculated by adding back interest expense, income tax expense, depreciation and amortization, and other adjustments to net income [6][9] - The reconciliation of net income to Adjusted EBITDA for Q1 2025 shows a significant contribution from equity method investees, with $73 million included in the calculation [25][27]

Group 1: Investment Themes - Warren Buffett's investment decisions are closely monitored due to the strong performance of Berkshire Hathaway [1] - High-yield stocks that align with Buffett's investment themes include midstream energy, utilities, and banks [1] Group 2: Midstream Energy Sector - Berkshire Hathaway has a significant presence in the midstream energy sector, which offers more consistent revenue and earnings compared to oil production [2] - Enbridge (ENB) is highlighted as a midstream investment opportunity, offering a 5.7% dividend yield supported by a $15 billion capital spending plan through 2029 [3][4] Group 3: Utility Sector - Utilities are characterized by regulated growth and monopolistic positions, making them resilient during economic downturns [5] - Black Hills (BKH) is presented as a utility option with a 4.4% yield and a history of 55 annual dividend increases, benefiting from a growing customer base [6] Group 4: Banking Sector - Toronto-Dominion Bank (TD) is suggested as a potential investment, currently yielding approximately 4.8%, despite facing challenges in its U.S. division due to regulatory issues [7][8] - The bank's growth is temporarily limited by an asset cap related to past money laundering issues, but these problems are being addressed [9] Group 5: Investment Strategy - Investors are encouraged to learn from Buffett's strategies rather than replicate them exactly, focusing on high-yield opportunities in midstream and utility sectors, as well as considering TD Bank as a turnaround investment [10]

Higher Year-Over-Year Rocky Mountain Region Volumes TULSA, Okla., April 29, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher first quarter 2025 results and affirmed full-year 2025 financial guidance.Higher First Quarter 2025 Results, Compared With First Quarter 2024: ONEOK announces higher first quarter 2025 earnings and affirms 2025 financial guidance. Net income of $691 million (includes noncontrolling interests). Net income attributable to ONEOK of $636 million, resulting in $1 ...

Enterprise Products Partners (EPD) Q1 2025 Earnings Call April 29, 2025 02:52 PM ET Speaker0 Thank you for standing by, and welcome to Enterprise Products Partners LP's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. To remove yourself from the queue, you may press 11 again. I would ...

Forward-Looking Statements This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team (including information published by third parties). When used in this presentation, words such as "anticipate," "project," "expect," "plan," "seek," "goal," "estimate," "forecast," "intend," "could," "should," "would," "will," "believe," "may," "scheduled," "pending," "potential" and similar expression ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2025 was $2.4 billion with a distribution coverage ratio of 1.7 times and retained DCF of $842 million [6][14] - Net income attributable to common unitholders was $1.4 billion or $0.64 per common unit, compared to $0.66 per common unit in Q1 2024 [14] - Distribution declared was $0.0535 per common unit, a 3.9% increase from Q1 2024 [15] - Total debt principal outstanding was approximately $31.9 billion with a weighted average cost of debt of 4.7% [17] Business Line Data and Key Metrics Changes - The company moved 13.2 million barrels of oil equivalent per day and 2 million barrels per day of liquid hydrocarbon exports [6] - PDH facilities experienced downtime; PDH1 was down for 63 days due to unplanned maintenance, but both PDH plants are now operational [6][7] - Total capital investments in Q1 2025 were $1.1 billion, including $964 million for growth capital projects [16] Market Data and Key Metrics Changes - The company noted a strong demand for U.S. hydrocarbons globally, particularly from China and India, despite tariff uncertainties [8][10] - LPG exports have not been significantly disrupted, with 85% to 90% of LPG exports contracted [22][60] Company Strategy and Development Direction - The company plans to bring online two gas processing plants in the Permian and several other projects throughout 2025 [7][16] - The focus remains on increasing capacity to gather, process, transport, and export hydrocarbons, with a significant backlog of wells expected to be connected [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for U.S. energy production and exports, citing supportive policies from the current administration [12] - The company anticipates continued growth in the Permian Basin, with expectations of connecting a similar number of wells in 2025 as in 2024 [39] Other Important Information - The company has returned approximately $58 billion to unitholders since its IPO in 1998 through distributions and buybacks [16] - The expected range of growth capital expenditures for 2025 is $4 billion to $4.5 billion, with sustaining capital expenditures around $525 million [16] Q&A Session Summary Question: Current U.S. LPG rerouting and competitive landscape - Management indicated that trade flows are balancing, with no disruptions in exports, and highlighted their capital-efficient expansion plans [22][23] Question: Incremental EBITDA from upcoming projects - Management confirmed that many projects are expected to be fully contracted upon coming online, leading to a rapid ramp-up in EBITDA [26][32] Question: Impact of recent market price volatility on buybacks - Management discussed their strategy for excess distributable cash flow and indicated a significant increase in cash flow expected in 2026 [53] Question: Outlook for the petchem and refined product segment - Management noted that both PDH plants are running well and expressed optimism for the segment's performance for the remainder of the year [42][44] Question: Global demand and tariff impacts - Management acknowledged a demand slowdown internationally but emphasized that pricing would adjust to clear the market [61] Question: CapEx plans in light of potential demand slowdown - Management stated that current projects are well contracted and unlikely to slow down despite tariff concerns [70] Question: Update on major capital projects - Management confirmed that major capital projects are progressing well and are expected to come online ahead of schedule [81]