Granite Ridge Resources, Inc. (GRNT) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.Over the last four quarters, t ...

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that at its 2025 annual meeting of shareholders held earlier today, each of the following 13 nominees were elected as directors of TC Energy on a vote by ballot to serve until the next annual meeting of shareholders of TC Energy, or until their successors are elected or earlier appointed: Nominee# Votes For% Votes For# Votes Against% Votes AgainstScott Bonham677 ...

PITTSBURGH, May 08, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the first quarter ended March 31, 2025. First Quarter Highlights: • Revenues of $42.6 million, increased 9.8% compared to the first quarter of 2024 • Net loss of $0.5 million, compared to net income of $1.9 million for the firs ...

Group 1 - ONE Gas, Inc. plans to make a public offering of 2,500,000 shares of its common stock [1][3] - The offering includes an option for the underwriter to purchase up to an additional 375,000 shares [1][3] - J.P. Morgan Securities LLC is acting as the sole underwriter for the offering [2] Group 2 - The forward sale agreement allows ONE Gas to sell shares at a price equal to the underwriter's purchase price [3] - Settlement of the forward sale agreement is expected to occur no later than December 31, 2026 [3] - ONE Gas may elect cash settlement or net share settlement for its obligations under the forward sale agreement [4] Group 3 - Proceeds from the offering will be used for general corporate purposes, including debt repayment and capital expenditures [4] - ONE Gas is a regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas [7][8] - The company operates divisions including Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service [8]

Kimbell Royalty Partners (KRP) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Rick Black - EVPRobert Ravnaas - CO-Founder, Chairman & CEODavis Ravnaas - President, CFO and Co-FounderJohn Annis - Vice PresidentNoah Hungness - Equity Research AssociateMatthew Daly - COO Conference Call Participants Tim Rezvan - Managing Director & Equity Research AnalystPaul Diamond - Analyst Operator Greetings, and welcome to the Kimball Royalty Partners First Quarter Earnings Conference Call. At this ti ...

Kimbell Royalty Partners (KRP) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Greetings, and welcome to the Kimball Royalty Partners First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. And as a reminder, this conference is being recorded. It is now my pleasure to introduce to you Rick Black with Investor Relations. Thank you, Rick. You may begin. Speaker1 Thank you, operator, and good mo ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated consolidated adjusted EBITDA of approximately $1.9 billion, distributable cash flow of approximately $1.3 billion, and net income of approximately $350 million, reaffirming the full year 2025 guidance provided in the previous call [7][36][42] - Compared to Q1 2024, the results reflect higher total margins due to increased international gas prices and optimization of cargo sales [36][42] Business Line Data and Key Metrics Changes - The company achieved substantial completion on the first train of the Corpus Christi Stage three project ahead of schedule and within budget, with overall project completion at 82.5% [7][8] - The company produced and sold approximately 6 TBtu of LNG attributable to the commissioning of Train one of the Stage three project, which is not recognized in income or EBITDA but offsets CapEx [36] Market Data and Key Metrics Changes - LNG imports into Europe rose 23% year on year in Q1 to 36 million tons, with U.S. deliveries increasing 34% to 20.5 million tons [25] - China's LNG imports declined 25% year on year to 15.1 million tons, influenced by stronger domestic production and increased pipeline gas imports [27] Company Strategy and Development Direction - The company is focused on expanding its LNG platform and developing new production capacity to meet global energy demands, while navigating geopolitical risks and market volatility [6][12] - The company aims to achieve first LNG from Train two by the end of the month and expects Train four to be commissioned by the end of the year [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term LNG demand outlook, emphasizing the importance of U.S. LNG in global energy supply [12][44] - The company remains insulated from short-term market volatility due to its highly contracted business model [12][44] Other Important Information - The company has locked in over $500 million of costs for midscale trains eight and nine, mitigating risks associated with inflation and tariffs [14][41] - The company has repurchased approximately 1.6 million shares for about $350 million, with a remaining buyback authorization of approximately $3.5 billion [37] Q&A Session Summary Question: Current contracting market and trade agreements - Management highlighted the strong position of the company in the LNG market, emphasizing robust commercial engagements and a selective approach to partnerships [52][54] Question: Competitive advantage in the marketplace - Management noted that the company does not compete directly with suppliers like Qatar, focusing instead on differentiated opportunities and strong customer relationships [57][58] Question: Permitting process and future projects - Management discussed the administration's focus on permitting reform and the positive progress made with FERC permits for midscale trains eight and nine [61][63] Question: Vulnerability to LNG supply shocks in 2025 - Management acknowledged Europe's vulnerability due to low inventories and emphasized the company's role in supplying LNG to the region [64][66] Question: 2020 Vision capital allocation update - Management confirmed that the company is on track to exceed the $20 billion deployment target before 2026, with significant progress in debt paydown and share buybacks [70][71] Question: Future contracting strategy in light of global trade realignment - Management reiterated the importance of Chinese counterparties while emphasizing that U.S. volumes to China are not critical to the company's strategy [80][82]

Stocks scrambled for direction on Wednesday in a choppy trading session as volatility returned to Wall Street after the Federal Reserve left interest rates unchanged at the end of its two-day policy meeting.Inflation is still high, and the uncertainty over President Donald Trump’s tariffs has raised concerns over the economy’s health. Also, the U.S. economy shrank in the first quarter of 2025. This could keep markets volatile for a longer period.Given this situation, it would be wise to invest in defensive ...

Core Insights - The potential changes in sanctions on Russian gas could significantly impact U.S. LNG investments, with a possible effect on up to $120 billion and 29 MMtpa of future projects [1][4][5] Scenario Analysis - **Current Trend Scenario**: U.S. LNG liquefaction project final investment decisions (FIDs) are projected at 33.7 MMtpa, with a direct expenditure of $138 billion from 2025 to 2040 [7] - **Opening the Taps Scenario**: If sanctions on Russian gas are lifted, U.S. LNG FIDs would drop to 16.5 MMtpa, leading to a $67 billion investment reduction [8] - **Phasing Down Scenario**: This scenario anticipates U.S. LNG FIDs increasing to 45.5 MMtpa, resulting in a direct expenditure of $186 billion from 2025 to 2040 [9] Investment Implications - The "Opening the Taps" scenario could curtail over 17 MMtpa in new U.S. LNG projects, equating to a $70 billion investment loss compared to the "Current Trend" scenario [2][4] - Conversely, the "Phasing Down" scenario could enable an additional 12 MMtpa in U.S. LNG projects, representing an extra $48 billion in investment [3][4] Market Dynamics - U.S. LNG is positioned as a balancing supply in global markets, making it particularly sensitive to changes in price signals and market share due to shifts in Russian gas flows [5] - The study indicates that new LNG contracts are essential to address the growing European gas supply gap, driven by demand recovery and declining domestic production [7]

UGI (UGI) Q2 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Hello, and welcome to the UGI Corporation Fiscal twenty twenty five Second Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer Thank you. I would like to turn the conference over to Tamika Morris, Vice President of Investor Relations and ESG. You may begin. Speaker1 Good morning, everyone. Thank you for joining our fiscal twenty twent ...