First Quarter 2025 Earnings Supplement We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.targaresources.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures. Q1 2025 EARNINGS SUPPLEMENT PRESENTATION 2 Finan ...

HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2025 results. First quarter 2025 net income attributable to Targa Resources Corp. was $270.5 million compared to $275.2 million for the first quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”)(1) of $1,178.5 million for the first quarter of 2025 compared to $ ...

Enterprise Products Partners (EPD -1.22%) has a distribution yield of around 6.8% today. Energy Transfer (ET -3.08%) has a higher yield at 7.5%, and USA Compression Partners (USAC -2.48%) is even higher at 8.3%.But if you are looking for a high-yield midstream stock, you need to think about more than just the yield. Here's why Enterprise Products Partners could be the best high-yield midstream option despite a lower yield.What does Enterprise Products Partners do?Like most midstream players, Enterprise owns ...

Core Viewpoint - The article discusses three ultra-high-yield dividend stocks that investors should consider, highlighting their strong performance and growth potential in the current market environment. Group 1: Ares Capital - Ares Capital has a forward yield of 9.3% and has maintained stable or growing payouts for 15 consecutive years [3][5] - The company has the highest regular dividend growth over the last 10 years among externally managed business development companies with a market cap over $700 million [3] - Ares Capital primarily provides capital to middle-market businesses, representing a $3 trillion opportunity, with an additional $2.4 trillion from companies with revenues over $1 billion [4] - The company is well-positioned to capture market share, being the largest publicly traded business development company with a strong balance sheet and deep industry relationships [5] - Concerns regarding the CEO transition are mitigated by the new CEO's extensive experience within the company and industry [6] Group 2: Enterprise Products Partners - Enterprise Products Partners offers a forward yield of 6.9% and has increased its distribution for 26 consecutive years [7] - The company has demonstrated resilience in its cash flows during economic downturns, including the Great Recession and the COVID-19 pandemic [8] - Global demand for liquid hydrocarbons is expected to grow, with the U.S. maintaining a competitive advantage due to low production costs, positively impacting Enterprise's growth prospects [9] Group 3: Verizon Communications - Verizon Communications has a forward dividend yield of 6.3% and has increased its payouts for 18 straight years [10] - Despite a declining stock market, Verizon's share price has risen due to limited exposure to tariffs and strong business performance [11][12] - The company is expanding its offerings through the acquisition of Frontier Communications, expected to close in Q1 2026, which will enhance its products and services for consumers and small businesses [13]

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 ...

Amplify Energy Corporation (AMPY) , a U.S.-based exploration and production company, recently announced that it has signed a termination agreement with Juniper Capital Advisors, L.P., for their previously announced merger deal. Both parties mutually agreed upon the decision. The decision was primarily influenced by extreme market volatility, likely resulting from recent disruptions in the energy sector.Per the terms of the Termination Agreement, Juniper Capital Advisors is expected to receive $800,000 in ca ...

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 ...

Financial Data and Key Metrics Changes - For Q1 2025, net income was $161 million, down from $172 million in Q4 2024 [11] - Adjusted EBITDA for Q1 2025 was $292 million, compared to $298 million in Q4 2024, primarily due to lower volumes and revenues [11] - Total revenues, excluding pass-through revenues, decreased by approximately $13 million, driven by lower throughput volumes [11] - Adjusted free cash flow for Q1 2025 was approximately $191 million [12] Business Line Data and Key Metrics Changes - Gas processing throughput averaged 424 million cubic feet per day, crude terminaling averaged 125,000 barrels per day, and water gathering averaged 126,000 barrels per day [5] - Processing revenues decreased by approximately $7 million, and gathering revenues decreased by approximately $6 million due to lower throughput volumes [11] Market Data and Key Metrics Changes - Hess reported first quarter net production for the Bakken averaged 195,000 barrels of oil equivalent per day, with expectations for Q2 production to be in the range of 210,000 to 215,000 barrels, reflecting a 9% increase at the midpoint compared to Q1 [5] Company Strategy and Development Direction - The company remains focused on disciplined, low-risk investments to meet basin demand while maintaining reliable operations and strong financial performance [7] - Capital expenditures for 2025 are expected to total approximately $300 million, unchanged from previous guidance [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong recovery in volumes following challenging weather conditions in January and February [42] - The company anticipates adjusted EBITDA in the second half of 2025 to be approximately 11% higher than in the first half [13] Other Important Information - The company has returned $1.95 billion to shareholders since the beginning of 2021 through share repurchases and has increased distributions per Class A share by approximately 57% since 2021 [9] - The company expects to generate over $1.25 billion of financial flexibility through 2027 for incremental shareholder returns [10] Q&A Session Summary Question: Bakken outlook in light of ongoing macroeconomic volatility - Management noted that activity levels remain stable, with no changes in Hess's plans to run four rigs for the rest of the year, supported by established MVCs through 2027 [19][20] Question: Volumes in excess of MVCs and performance against MVCs - Management indicated that MVCs are set at approximately 80% of nomination, with third parties expected to represent about 10% of total volume [24] Question: Risk of rig reduction in the current macro environment - Management reaffirmed that they are looking past short-term volatility and expect consistent activity levels in the Bakken [30][31] Question: Buybacks and secondaries - Management clarified that there is no specific plan for secondaries and expects to continue multiple repurchases per year, with flexibility for $1.25 billion through 2027 [36][37] Question: Gas processing volumes recovery - Management reported a strong recovery in volumes and expressed optimism about meeting guidance for the year [42][43] Question: Impact of oil prices on rig count - Management stated that they are prepared for price volatility and expect to maintain the four-rig program, with improved well economics reducing breakeven costs [45][48] Question: Gas growth in the basin and egress - Management anticipates gas volumes to continue increasing over time, supported by existing export agreements [55][66]

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 ...