Core Points - Enterprise Products Partners L.P. has elected Michael C. "Tug" Hanley as executive vice president and chief commercial officer effective December 1, 2025 [1][2] - Hanley has been with Enterprise since 2006 and has nearly twenty years of experience in various commercial roles [2] - The commercial leadership team will report to Hanley, who will report to co-CEO A.J. "Jim" Teague [2][3] Company Overview - Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, including natural gas, NGLs, crude oil, refined products, and petrochemicals [3] - The company operates over 50,000 miles of pipelines and has a storage capacity of over 300 million barrels for various products, along with 14 billion cubic feet of natural gas storage capacity [3]

Core Points - Mesa Royalty Trust announced a distribution of $0.029620472 per unit for November 2025, payable on January 30, 2026, with total income received amounting to $57,503 from its San Juan Basin properties [1] - The Trust's income is primarily derived from oil and gas properties in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado, with distributions expected to fluctuate based on production and market conditions [2][3] Financial Summary - For November 2025, after administrative expenses, the distributable net profits amounted to $55,200 [1] - The Trust's income for November 2025 was solely from the New Mexico portion of its properties, with no income from other working interest owners [1] Operational Insights - The Trust's distributions are subject to fluctuations based on oil and natural gas prices, production levels, and administrative expenses, with expectations of material reductions in distributions until cash reserves reach $2.0 million [2] - Historical operating data and financial management by working interest owners significantly influence the Trust's future income and distributions [3]

Core Viewpoint - LandBridge Company LLC has announced a secondary public offering of 2,500,000 Class A shares, with no proceeds going to the company itself, as the shares are being sold by LandBridge Holdings LLC, the selling shareholder [1][3]. Offering Details - The offering will be underwritten, and the selling shareholder may grant the underwriter a 30-day option to purchase an additional 375,000 Class A shares [1]. - The Class A shares may be sold through various methods, including direct sales, brokerage transactions, or negotiated transactions, at fixed or market prices [2]. Management and Conditions - Goldman Sachs & Co. LLC is the sole book-running manager for the offering, which is subject to market conditions [3]. - LandBridge has an effective shelf registration statement on file with the SEC and will file a prospectus supplement for this offering [4]. Company Background - LandBridge owns over 300,000 surface acres in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin, a key area for oil and gas exploration [6]. - The company is managed by Five Point Infrastructure LLC, which focuses on energy and sustainable infrastructure investments [6]. - Following the offering, the selling shareholder will retain approximately 63% of the issued and outstanding shares of LandBridge [6].

Core Points - Superior Plus Corp. announced a quarterly dividend of CAD $0.045 per common share, payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025, with an annualized cash dividend rate of CAD $0.18 per share [1][12] - The company is a leading North American distributor of propane, compressed natural gas, renewable energy, and related products, servicing approximately 750,000 customer locations in the U.S. and Canada [2] - Superior Plus focuses on delivering low carbon fuels to various sectors, contributing to the energy transition and helping customers reduce operating costs and improve environmental performance [2] Company Overview - Superior Plus is involved in propane distribution and the distribution of compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen, targeting residential, commercial, utility, agricultural, and industrial customers not connected to a pipeline [2] - The company defines 'low carbon' and 'lower carbon' fuels as those with lower carbon intensity than fossil fuels, applicable in similar uses [3] Future Outlook - The company has made significant progress in implementing changes within its business, particularly through its "Superior Delivers" propane transformation initiative [9] - Forward-looking statements regarding future dividends and their timing are based on current expectations and assumptions, including operational success and market conditions [4][5]

Core Insights - TechnipFMC's CEO Doug Pferdehirt will present at the TD Cowen 2 Annual Energy Conference on November 18, 2025 [1] - The company is a leading technology provider in the energy sector, focusing on integrated projects and services [3][4] - TechnipFMC emphasizes its commitment to reducing carbon intensity and supporting energy transition [3] Company Overview - TechnipFMC operates in two business segments: Subsea and Surface Technologies, and is known for its integrated ecosystems and digital innovation [4] - The company employs approximately 21,000 individuals dedicated to client success and innovation [4] Recent Financial Announcements - TechnipFMC announced a quarterly cash dividend of $0.05 per share, payable on December 3, 2025, with an ex-dividend date of November 18, 2025 [8] - The Board has authorized an additional $2 billion for share repurchases [8] Recent Contracts - TechnipFMC has secured a substantial contract from ExxonMobil Guyana Limited for subsea production systems for the Hammerhead development in Guyana's Stabroek Block [9]

Core Viewpoint - Oil States International has announced a dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange, reflecting its commitment to the Texas energy sector [1][2]. Company Overview - Oil States International, Inc. is a global provider of manufactured products and services to the energy, industrial, and military sectors, with headquarters in Houston, Texas [3][4]. - The company was founded in Texas in 1942 and has a long-standing commitment to the Texas economy and energy industry [2]. Recent Developments - The dual listing on NYSE Texas aligns with Oil States' operational presence in Texas, where it has significant operations and personnel [2]. - The company continues to offer technology-differentiated products and services aimed at advancing the production of affordable and reliable energy [2]. Leadership and Operations - Cindy B. Taylor serves as the President and Chief Executive Officer of Oil States International [5][8]. - The company employs approximately 2,000 individuals and has strategically located manufacturing and service facilities worldwide [3][8].

Core Viewpoint - TotalEnergies has partnered with DelAgua to distribute improved cookstoves to 200,000 households in Rwanda, aiming to provide clean cooking solutions to over 800,000 people by 2030, aligning with Rwanda's clean cooking ambitions and TotalEnergies' sustainability goals [1][2][5]. Summary by Relevant Sections Partnership and Initiative - TotalEnergies and DelAgua will distribute 200,000 high-performance cookstoves within one year, benefiting over 800,000 Rwandans in rural areas [2]. - The initiative aims to reduce harmful smoke emissions by 81% and wood consumption by 71% compared to traditional cooking methods [2]. Environmental Impact - The project is expected to prevent the emission of over 2.5 million tons of CO2 equivalent over the next ten years [2]. - Universal access to clean cooking solutions could save up to 1.5 billion tons of CO2 equivalent by 2030, with 900 million tons in Africa alone [6]. Health and Social Benefits - Clean cooking solutions will improve air quality, reducing the risk of respiratory complications and cardiovascular diseases [6]. - The initiative aims to reduce gender inequality by facilitating access to education and employment for women, saving significant time otherwise spent collecting wood for cooking [6]. Carbon Credits - The carbon credits generated from this project will be acquired by TotalEnergies and certified by VERRA, pending approval under the Paris Agreement [3][4].

Core Viewpoint - Kodiak Gas Services, Inc. has announced the pricing of an underwritten offering of 10,000,000 shares of common stock at a price of $33.60 per share, with no proceeds going to the company from this sale [1][8]. Offering Details - The offering is being conducted by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and EQT Infrastructure IV [1]. - Kodiak will not sell any shares in the offering and will not receive any proceeds from the sale [1]. - The offering is expected to close on November 13, 2025, subject to customary closing conditions [1]. Share Repurchase - Kodiak has agreed to purchase 1,000,000 shares from the underwriter at the same price per share as the offering [2]. - The share repurchase is conditioned upon the closing of the offering but is not dependent on the offering's completion [2]. Underwriter Information - Goldman Sachs & Co. LLC is acting as the underwriter for the offering [3]. - The offering is being made through a prospectus supplement and accompanying base prospectus filed with the SEC [3]. Company Overview - Kodiak is a leading provider of contract compression services in the United States, facilitating the production and transportation of natural gas and oil [5]. - The company is headquartered in The Woodlands, Texas, and serves oil and gas producers as well as midstream customers [5].

Core Insights - Kolibri Global Energy Inc. reported a 40% increase in production and a 15% increase in net revenues for Q3 2025 compared to Q3 2024 [1][3][5] - The company achieved an average production of 4,254 BOEPD in Q3 2025, up from 3,032 BOEPD in Q3 2024 [3][6] - Adjusted EBITDA for Q3 2025 was $11.1 million, reflecting a 9% increase from $10.1 million in Q3 2024 [3][19] Financial Performance - Revenue net of royalties for Q3 2025 was $15.0 million, compared to $13.0 million in Q3 2024, marking a 15% increase [3][20] - Net income for Q3 2025 was $3.6 million, down from $5.1 million in Q3 2024, with Basic EPS decreasing from $0.14 to $0.10 [3][20] - Average price per BOE in Q3 2025 was $48.38, an 18% decrease from $59.09 in Q3 2024 [3][19] Production and Operating Costs - Production and operating expenses increased to $2.5 million in Q3 2025, a 64% rise due to higher production levels [7][20] - Operating expense per barrel averaged $7.37 in Q3 2025, up 11% from $6.63 in Q3 2024 [3][7] - Average netback from operations was $30.84 per BOE, a 23% decrease from the prior year [3][19] Capital Expenditures and Investments - Capital expenditures for Q3 2025 were $17.4 million, a significant increase of 77% from $9.8 million in Q3 2024 [3][19] - The company expects to exit 2025 with production at an all-time high, driven by the completion of four additional wells [4][5] Natural Gas and NGL Performance - Natural gas revenues increased by $0.7 million or 345% in Q3 2025, attributed to a 124% rise in natural gas prices and a 98% increase in production [5][11] - NGL revenues rose by $0.6 million or 67% in Q3 2025, with production increasing by 74% [5][11] First Nine Months Performance - For the first nine months of 2025, oil and gas gross revenues totaled $53.7 million, a 3% increase from $52.4 million in the same period of 2024 [11][14] - Average production per day for the first nine months of 2025 was 3,851 BOEPD, a 22% increase from 3,154 BOEPD in the prior year [12][14] - Adjusted EBITDA for the first nine months of 2025 was $31.6 million, up 3% from $30.5 million in the same period of 2024 [11][14]

Core Insights - Venture Global and Mitsui & Co. have signed a 20-year LNG Sales and Purchase Agreement for 1.0 million tonnes per annum starting in 2029 [1][2][10] - This agreement marks Venture Global's third long-term contract with a Japanese company, contributing to a total of 6.75 million tonnes per annum of long-term contracts signed by the company to date in 2025 [2][6] Company Overview: Venture Global - Venture Global is a prominent American producer and exporter of low-cost U.S. LNG, with over 100 million tonnes per annum of capacity in production, construction, or development [4] - The company began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States [4] - Venture Global's operations include LNG production, natural gas transport, shipping, and regasification, with key projects located in Louisiana [4] Company Overview: Mitsui - Mitsui & Co. is a global trading and investment company operating in over 60 countries, with a diverse business portfolio across various industries [5] - The company focuses on identifying, developing, and growing businesses in partnership with a global network of trusted partners [5]