Shares of New Fortress Energy (NFE -3.39%) were in free fall this week. The company's stock plummeted 62.7% as of 1:55 p.m. on Friday. The collapse came as the S&P 500 and the Nasdaq Composite both saw major gains.The liquefied natural gas (LNG) company reported its first-quarter numbers this week, revealing a staggering loss much more significant than Wall Street expected.New Fortress is deep in the redNew Fortress Energy reported a Q1 2025 loss of $0.73 per share, much worse than analysts had expected and ...

Energy stocks are beginning to reassert their strength as macro conditions improve and demand drivers multiply. With recession fears easing as tariff negotiations show signs of progress, the market backdrop is turning more favorable, and energy names are catching a bid.Adding to the bullish case is the continued global buildout of data centers, which is expected to drive a massive increase in electricity demand. AI infrastructure, cloud computing, and high-performance servers all require significant power, ...

Longanesi First Gas Sales Have Been AchievedFirst Quarter 2025 and Recent Company Highlights: AleAnna reported basic and diluted net loss per common share of ($0.05) for the quarter ended March 31, 2025, compared with ($3.41) for the same period in 2024.AleAnna ended the quarter with cash and cash equivalents of approximately $27.8 million DALLAS, May 15, 2025 (GLOBE NEWSWIRE) -- AleAnna, Inc. (“AleAnna” or “the Company”) (NASDAQ: ANNA) today announced financial results for the first quarter of 2025. While ...

Core Points - EverGen Infrastructure Corp. has received final approval from the TSX Venture Exchange for a purchase and sale agreement related to the disposition of a property in Abbotsford, B.C. for a total purchase price of CAD$2,620,000 [1][2] - The transaction includes a deferred payment of CAD$870,000 to be paid upon the completion of the sale of a separate property owned by the purchasers, expected by the end of May 2025 [2] - The vendor has leased a portion of the property back from the purchasers for up to 20 years, with an annual rent of CAD$186,000, reduced to CAD$124,236 while the deferred amount is outstanding [3] - The transaction is classified as a related party transaction due to the involvement of James Betts, the Chief Operating Officer of the company, and the company is relying on exemptions from certain requirements under Multilateral Instrument 61-101 [4] - EverGen is also updating on a share purchase and reorganization agreement with Ask America, LLC, anticipating gross proceeds of up to CAD$7,000,000, with all material conditions satisfied prior to closing [5] - EverGen is focused on renewable energy projects in Canada and aims for continued growth across North America and beyond [6]

Core Viewpoint - Orca Energy Group Inc. reported its Q1 2025 financial results, highlighting operational performance amidst challenges, including a decrease in gas deliveries and ongoing uncertainties regarding license extensions [2][3]. Financial Performance - Revenue for Q1 2025 increased by 2% to $25.4 million compared to $24.9 million in Q1 2024, primarily due to a higher current income tax adjustment [3][8]. - Net income attributable to shareholders decreased by 89% to $102,000 from $969,000 in the same period last year, mainly due to higher depletion and administrative expenses [3][8]. - Net cash flows from operating activities improved significantly to $20.3 million from a negative $6.2 million in Q1 2024, driven by the settlement of receivables and changes in working capital [3][8]. - Capital expenditures decreased by 63% to $548,000 from $1.47 million in Q1 2024, reflecting reduced investment in the Songo Songo gas field [3][8]. Operational Highlights - Daily average gas delivered and sold decreased by 3% to 72.0 MMcfd from 74.3 MMcfd in Q1 2024, with a notable decline in power sector deliveries [3][8]. - The Songas Power Plant remains shut down, contributing to reduced gas liftings for the power sector [3][8]. - The company is focused on maintaining its capital returns policy while reviewing the commercial environment [3]. License and Regulatory Issues - The Tanzanian Petroleum Development Corporation (TPDC) submitted a request for a license extension, but uncertainties remain regarding the timing and terms of the extension [3][4]. - A dispute arose regarding the interpretation of gas agreements, with the Ministry of Energy directing TPDC to continue producing Protected Gas despite contractual agreements [3][4]. Settlement Agreement - On April 15, 2025, a settlement agreement was signed with TANESCO for $52.0 million in unpaid amounts, with payments structured in installments [3][8]. - TANESCO has already made a payment of $10.0 million under the settlement agreement [3][8]. Cash Position - As of March 31, 2025, the company had $70.2 million in cash and cash equivalents, down from $90.1 million at the end of 2024 [3][8]. - Working capital increased to $26.8 million from $21.9 million at the end of 2024, indicating improved liquidity [3][8].

May 2025 Q1 2025 Investor Presentation NewFortr 1. Business Overview 2 2. Financial Results 3. Appendix | Jamaica sale | $1.055bn sale, ~$800mm net, ~$430mm gain | | | | | --- | --- | --- | --- | --- | | FEMA claim | $659mm claim(6), high degree of engagement & expect resolution near-term | | | | | | Leasing surplus FSRUs results in significant income: | | | | | FSRU sub-charters | Eskimo | Freeze | FSRU 3 & 4(7) | Total | | | $143mm | $59mm | $110mm | $312mm (PV 10 = ~$236mm) | | Q4 excess cargo sale | $12 ...

Core Insights - CNX Resources Corporation has released its updated Corporate Sustainability Report for 2024, emphasizing a shift from static annual reports to continuous updates on its website and quarterly ESG Performance Scorecard data [1][2] Environmental Stewardship - CNX has achieved significant milestones in compressed natural gas (CNG) usage, reducing emissions by 30% and operating costs by 50% through the deployment of CNG-fueled water-hauling trucks [4] - The company reported a nearly 30% reduction in methane intensity in its production segment compared to 2023, supported by a $5 million investment in new technologies [5] - CNX captured approximately 9.1 million metric tons of waste methane CO₂e, which is recognized by the U.S. Treasury for its potential in clean hydrogen production [5] Water Stewardship - In 2024, CNX recycled and reused more produced water than it generated, minimizing freshwater consumption and reducing the need for water transportation in local communities [6] Community and Workforce Engagement - CNX opened a new office in North Apollo, enhancing access for local residents and businesses, and established a regional headquarters in Richlands, Virginia, to support mine methane capture operations [8][9] - The company completed the $20 million Kiski Water Line project, improving water resource options for local residents and reducing community impact [10] Commitment to Transparency - CNX's Radical Transparency program includes continuous monitoring of emissions, with data shared in real-time with stakeholders and the Pennsylvania Department of Environmental Protection [5][10] - The company has committed to providing real-time updates on its ESG performance, reinforcing its dedication to transparency and accountability [13] Community Investments - In 2024, CNX Foundation contributed $3.7 million through 144 initiatives focused on community support, with employees volunteering over 3,500 hours [11] - The CNX Mentorship Academy saw a 44% increase in student participation, with over half of the graduates securing employment or internships in targeted industries [11]

Natural Gas Services Group (NGS) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Company Participants Anna Delgado - Executive & Investor Relations AssistantJustin Jacobs - CEOIan Eckert - CFOTim Opler - Managing Director Conference Call Participants Rob Brown - Founding Partner & Senior Research AnalystJim Rollyson - Director & Equity Research AnalystTate Sullivan - Managing Director & Senior Industrials Analyst Operator Good morning, ladies and gentlemen, and welcome to the Natural Gas Services Group Incor ...

Financial Data and Key Metrics Changes - Rental revenue reached a quarterly record of $38.9 million, a 15% increase year-over-year and a 2% sequential increase [6][20] - Adjusted EBITDA for the quarter was $19.3 million, marking a 14% increase compared to the first quarter of the previous year and a 7% sequential increase [7][22] - Net income for the quarter was $4.9 million, or $0.38 per diluted share, compared to $5.1 million, or $0.41 per diluted share in the prior year [21] - Total revenue for Q1 2025 was $41.4 million, a 12% increase from $36.9 million in Q1 2024 [20] Business Line Data and Key Metrics Changes - Adjusted rental gross margin was 61.9%, an increase of 80 basis points year-over-year and 150 basis points sequentially [21] - Rented adjusted gross margin reached 61.9%, marking one of the highest levels achieved in the past decade [21] Market Data and Key Metrics Changes - Natural gas prices are currently hovering in the mid-threes after peaking above four, with forecasts showing potential upside due to LNG export growth and new pipeline projects [10] - The company has observed modest CapEx reductions from customers, but these have not materially impacted its business [9] Company Strategy and Development Direction - The company is focusing on three growth and value drivers: asset utilization, fleet expansion, and mergers and acquisitions [11] - There is a strong emphasis on customer diversification, with the largest customer accounting for 46% of revenue, down from 54% in the previous fiscal year [15] - The company is maintaining its growth CapEx guidance of $95 million to $120 million, heavily weighted towards the second half of the year [29] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the ability to perform despite market volatility and has not seen significant changes in the demand environment [35] - The company is cautiously optimistic about the future, with ongoing discussions about growth in 2026 and a strong pipeline of contracted units [5][9] - Management is closely monitoring macroeconomic conditions and their potential impact on the business [28] Other Important Information - The company ended the quarter with $168 million outstanding on its revolving credit facility, with a leverage ratio of 2.18 times [23] - Significant progress has been made in monetizing an $11 million income tax receivable, which is expected to be collected in the near future [12] Q&A Session Summary Question: Current demand environment and volatility - Management indicated that there has not been a significant change in the demand environment, with 2025 contracts essentially locked in and ongoing discussions for 2026 growth [35] Question: Gross margins and unusual factors - Management explained that the increase in gross margins is consistent with the mix of high horsepower units and that some natural volatility is expected [38][40] Question: Plans for monetization of assets - Proceeds from monetization efforts will primarily be used to pay down debt and fund organic growth initiatives [47] Question: Impact of crude oil volatility on smaller compression providers - Management noted that while crude oil prices primarily affect large horsepower, there are modest positive trends for small horsepower driven by natural gas prices [54] Question: Lead times for engines and frames - Lead times remain unchanged, with engines taking approximately six to nine months and compressor frames taking up to twelve months [58]

Midland, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended March 31, 2025. The Company also raised the high-end of its full-year 2025 Adjusted EBITDA guidance to $79 million, citing continued strength in its business and growing demand across its fleet. First Quarter 2025 Highlights R ...