Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $62,500,000, representing a 17% sequential increase from Q4 2024 [12] - Adjusted EBITDA was positive at $2,700,000 in Q1 2025, compared to a negative $4,800,000 in Q4 2024 [19] - Net loss for Q1 2025 was $500,000, or a loss of $0.01 per diluted share, compared to a net loss of $15,500,000, or a loss of $0.32 per diluted share in Q4 2024 [19] - Selling, general and administrative expenses decreased by approximately 34% sequentially to $6,500,000 in Q1 2025 [19] Business Line Data and Key Metrics Changes - Well Completions Services segment generated revenue of $20,900,000 with an average of 1.3 active pressure pumping fleets, up from $15,800,000 with 1.1 active fleets in Q4 2024 [14] - The Sands segment sold approximately 189,000 tons of sand at an average sales price of $21.49 per ton in Q1 2025, compared to 129,000 tons at $22.54 per ton in Q4 2024 [15] - Infrastructure Services segment revenue was $30,700,000 for Q1 2025, a 10% sequential increase compared to Q4 2024 [17] Market Data and Key Metrics Changes - The company anticipates increased competition in gas basins due to strong fundamental support for natural gas later in 2025 and into 2026 [11] - Macroeconomic uncertainty, tariff implications, and OPEC plus production increases have placed significant pressure on the energy market and commodity prices [15] Company Strategy and Development Direction - The company plans to evaluate strategic opportunities to add accretive assets while maintaining a strong balance sheet [5] - Following the sale of three subsidiaries, the company will focus on engineering and fiber within the Infrastructure Services segment [17] - The company aims to strategically deploy capital to grow existing businesses generating the greatest returns [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the first quarter results and noted incremental growth in key financial metrics [10] - There is recognition of uncertainty in the market stemming from tariffs, economic conditions, and geopolitical events [10] - The company expects to manage costs effectively in response to potential weakness in utilization [27] Other Important Information - As of March 31, 2025, the company had unrestricted cash on hand of approximately $56,700,000, with total liquidity of approximately $79,400,000 [21] - After completing the sale of three subsidiaries and purchasing eight aircraft, unrestricted cash on hand increased to $135,400,000 as of May 2, 2025 [21] Q&A Session Summary Question: Can you talk about the uplift in volumes in the sand business and your outlook for the rest of the year? - Management noted strong demand in Western Canada for sand pricing and expects a stable environment to persist through 2025 [25] Question: What cost actions could be taken in the event of potential weakness in the back half of the year? - Management indicated that the biggest lever for the pressure pumping business is on staffing and repairs and maintenance, and they have historically managed costs effectively [26][27]

Financial Highlights - Mammoth Energy Services reported Q1 2025 revenue of $62.5 million, a 17% sequential increase[15] - The company has a strong balance sheet with approximately $155 million in cash on hand as of May 2, 2025, and is debt-free[15] - The current market capitalization is $125.1 million, with an appraised value of property and equipment at $149 million[18] Segment Performance (Q1 2025) - Well Completions contributed $20.9 million, representing 33.5% of total revenue[23, 24] - Infrastructure Services generated $30.7 million, accounting for 49.2% of total revenue[23, 24] - Natural Sand and Proppant Services brought in $6.7 million, which is 10.8% of the total revenue[23, 24] - Other Services accounted for $5.9 million, or 9.4% of the total revenue[23, 24] Sand Proppant Services - The company sold approximately 189,000 tons of sand in Q1 2025, compared to 129,000 tons in Q4 2024[36]

Financial Performance - Revenues for Q1 2025 were $2.1 billion, representing a 13% increase year-over-year, driven by growth across both segments and the LinkWest acquisition [27] - Adjusted EBITDA was $243 million, up 17% from the previous year, with an adjusted EBITDA margin of 11.8%, an increase of 40 basis points [27][28] - Adjusted EPS for the quarter was $0.98, reflecting a 27% increase, primarily due to a lower share count from repurchases [27][28] - Operating cash flow was $98 million, an 8% increase year-over-year, with expectations for increased cash flow in subsequent quarters [28] Business Segment Performance - Mission Technology Solutions (MTS) revenues were $1.5 billion, up 14% year-over-year, with adjusted EBITDA of $145 million, an 11% increase [30] - Sustainable Technology Solutions (STS) revenues reached $550 million, a 12% increase, with adjusted EBITDA of $124 million, up 20% [31] - MTS margins were slightly lower at 9.6%, while STS margins improved to 22.5%, up 60 basis points [30][31] Market Dynamics - The company ended the quarter with a 1.1 times trailing twelve-month book-to-bill ratio and over $20 billion in backlog and options [18] - There is a growing pipeline of LNG and energy security projects, with strong demand for ammonia noted [18][95] - The company is experiencing a shift in some geographies from energy transition projects to energy security initiatives due to affordability issues [43] Strategic Direction - The company is focused on executing its growth strategy, increasing bid volumes, and winning new contracts [39] - KBR is leveraging its strong balance sheet to return capital to shareholders through buybacks and dividends, with over $150 million in buybacks in Q1 [8][33] - The company is committed to maintaining a disciplined approach to capital allocation, targeting a leverage ratio below 2.5 times [33] Management Commentary - Management expressed confidence in the financial outlook for 2025, reaffirming guidance for revenues between $8.7 billion and $9.1 billion and adjusted EBITDA of $950 million to $990 million [36] - The company is monitoring geopolitical situations, particularly troop support in Eastern Europe, but has not observed significant impacts on operations [37][89] - Management emphasized the importance of customer satisfaction and operational excellence in the HomeSafe program, achieving a customer satisfaction rate of nearly 90% [76] Other Important Information - The company is transitioning to a new supplemental financial disclosure format, providing revenues by customer type and phasing out business unit disclosures by the end of 2025 [35] - KBR's extensive experience in LNG and advantageous commercial business model are contributing to strong financial performance [12] Q&A Session Summary Question: Insights on energy transition and backlog growth - Management noted a global shift towards energy security projects, particularly in regions like Europe, while still engaging in energy transition initiatives [43][44] Question: Confidence in mid-single-digit organic growth - Management highlighted alignment with defense budget priorities and increased funding for human space exploration, indicating strong positioning for growth [46][48] Question: Status of awards under protest - Management confirmed $2 billion in awards under protest, with expectations for resolution in the second half of the year [51][52] Question: HomeSafe program performance - Management reported strong customer satisfaction and effective synchronization with Transcom, with expectations for increased volumes in the peak moving season [53][76] Question: LNG project timelines - Management indicated that various LNG projects are at different stages, with ongoing work in the U.S., Indonesia, and Oman [80][82] Question: Ammonia industry outlook - Management confirmed a strong ammonia market, with a focus on fertilizer usage in the pipeline [95]

Financial Data and Key Metrics Changes - Xpro's Q1 2025 revenue was $391 million with an adjusted EBITDA of $76 million, representing 20% of revenue, marking the highest first quarter performance since merging with Frank's in October 2021 [6][32] - Revenue decreased by $46 million or about 11% compared to Q4 2024, but increased by $7 million or approximately 2% year-over-year [30][31] - Adjusted EBITDA decreased by approximately $24 million or 24% sequentially but increased by $9 million or 13% year-over-year [32] Business Line Data and Key Metrics Changes - In North and Latin America (NLA), Q1 revenue was $134 million, down $5 million quarter-over-quarter, with an EBITDA margin improvement to 23% [33] - Europe and Sub-Saharan Africa (ESA) saw Q1 revenue of $112 million, a sequential decrease of $30 million, with an EBITDA margin at 26%, down 11 percentage points [34] - The Middle East and North Africa (MENA) reported Q1 revenue of $94 million, up 1% sequentially, with an EBITDA margin of 37%, up 1% quarter-over-quarter [35] - Asia Pacific (APAC) revenue was $51 million, a decrease of $12 million, with an EBITDA margin at 21%, down from the prior quarter [36] Market Data and Key Metrics Changes - The macro outlook indicates significant near-term uncertainty and volatility in global oil markets due to tariff announcements and OPEC+ production increases [8][9] - Global oil consumption is forecasted to increase by 900,000 barrels per day in 2025, with demand reaching an average of 103.6 million barrels per day [13] - The EIA projects global liquids production to grow by 1.3 million barrels per day in 2025, reaching 104.1 million barrels per day [14] Company Strategy and Development Direction - Xpro's strategy focuses on organic investment and M&A to enable margin expansion and improve customer relevance [7][21] - The company aims to maintain cost and capital discipline while adjusting CapEx based on awarded projects [21][29] - Xpro is positioned to benefit from long-term offshore project sanctioning, with about two-thirds of greenfield CapEx expected to be allocated to offshore developments [16] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive multiyear outlook for energy services despite expected near-term moderation in upstream investment [5][9] - The company anticipates that 2025 will be a transition year, with a return to healthy sanctioning activity in 2026 and beyond [16][45] - Management noted that current macro conditions are influenced more by global trade issues than energy fundamentals, which remain strong [12] Other Important Information - Xpro's backlog at the end of Q1 was approximately $2.2 billion, in line with expectations [8] - The company has a zero net debt balance sheet, providing strategic and financial flexibility [21] - Xpro's Drive 25 efficiency campaign aims to achieve significant cost savings and improve operating leverage [36][37] Q&A Session Summary Question: Insights on MENA segment growth and margin sustainability - Management highlighted strong anchor contracts in Saudi Arabia and Algeria, indicating stability and growth potential in the MENA region [50][51] Question: Thoughts on equity valuation and buyback strategy - Management acknowledged the depressed equity valuation and indicated a willingness to utilize share repurchase authorization while considering other capital allocation opportunities [54][56] Question: Factors influencing full-year guidance and sensitivity - Management noted cautious customer sentiment and ongoing engagement to assess project timelines, indicating a wait-and-see approach [60][61] Question: Impact of tariffs on business - Management clarified that while tariffs may affect activity, the overall impact on financial results is expected to be minimal, with preliminary estimates suggesting less than a $5 million impact [78][82] Question: Automation and safety technology impact - Management emphasized that technologies like Centrify enhance safety and operational efficiency, allowing for reduced personnel on rig floors [87][90] Question: M&A market dynamics - Management indicated ongoing efforts to identify suitable M&A opportunities, emphasizing patience and strategic alignment with Xpro's goals [93]

Financial Data and Key Metrics Changes - In Q1 2025, the company's revenue was $391 million, with adjusted EBITDA of $76 million, representing 20% of revenue, marking the highest first-quarter performance since merging with Frank's in October 2021 [6][32] - Revenue decreased by $46 million or approximately 11% compared to Q4 2024, but increased by $7 million or approximately 2% year-over-year compared to Q1 2024 [31][32] - Adjusted EBITDA decreased by $24 million or 24% sequentially from Q4 2024, but increased by $9 million or 13% year-over-year compared to Q1 2024 [32] Business Line Data and Key Metrics Changes - The North and Latin America (NLA) segment reported revenue of $134 million, down $5 million quarter-over-quarter, with an EBITDA margin improvement to 23% from 22% in Q4 2024 [33][34] - The Europe and Sub-Saharan Africa (ESA) segment saw revenue of $112 million, a sequential decrease of $30 million or 21%, with an EBITDA margin at 26%, down 11 percentage points sequentially [35] - The Middle East and North Africa (MENA) segment delivered revenue of $94 million, up 1% sequentially, with an EBITDA margin of 37%, up 1% quarter-over-quarter [36] - The Asia Pacific (APAC) segment reported revenue of $51 million, a decrease of $12 million, with an EBITDA margin at 21%, down from the prior quarter [36] Market Data and Key Metrics Changes - The company secured $272 million in new contract awards in Q1 2025, with a backlog of approximately $2.2 billion at the end of the quarter [7][8] - The macro outlook indicates significant near-term uncertainty and volatility in global oil markets due to tariff announcements and OPEC+ production increases [9][10] - Global oil consumption is forecasted to increase by 900,000 barrels per day in 2025, with demand reaching an average of 103.6 million barrels per day [14] Company Strategy and Development Direction - The company is focused on organic investment and a successful M&A strategy to enable margin expansion and improve customer relevance [7][22] - The long-term outlook for international onshore and offshore markets remains positive, with a shift towards offshore activities expected due to cost and carbon advantages [12][16] - The company plans to maintain cost and capital discipline while adjusting CapEx based on customer-sanctioned projects [22][30] Management's Comments on Operating Environment and Future Outlook - Management anticipates a transition year in 2025, with expectations for revenue to be generally flat compared to 2024, but with improved activity mix and operating efficiency gains [45][46] - The geopolitical and oil supply disruptions have introduced market uncertainty, but the company remains bullish on long-cycle development driven by economic growth and energy security considerations [46] - Management acknowledges that while there is uncertainty in the market, they believe 2025 will be a better year than many investors currently assume [29][30] Other Important Information - The company has a zero net debt balance sheet, providing strategic and financial flexibility [22] - The Drive 25 efficiency campaign is expected to help protect margins and improve operating leverage [37][38] - The company plans to use about one-third of its annual free cash flow for share repurchases, with approximately $66 million available under the current repurchase program [39] Q&A Session Summary Question: Insights on MENA segment growth and margin sustainability - Management highlighted strong anchor contracts in Saudi Arabia and Algeria, indicating stability and growth potential in the MENA region [50][52] Question: Thoughts on buybacks versus inorganic opportunities - Management is considering share repurchases due to depressed valuations but remains open to exploring inorganic growth opportunities [56][58] Question: Factors influencing full-year guidance and sensitivity - Management noted cautious customer sentiment and ongoing engagement to assess project timelines, indicating a wait-and-see approach [63][64] Question: Potential delays in offshore FIDs - Management clarified that anticipated delays in FID sanctioning are based on customer caution rather than explicit indications from clients [78][79] Question: Impact of tariffs on business - Management believes the potential impact of U.S. tariffs will likely affect activity more than costs, estimating a less than $5 million impact from tariffs [85]

Financial Performance - TETRA Technologies reported a record first-quarter Adjusted EBITDA of $32.3 million, a 41% increase sequentially and year-over-year, driven by strong performance in Completion Fluids and Products [2][3] - Total revenue for the first quarter was $157 million, reflecting a 17% sequential increase and a 4% increase compared to the previous year [2][8] - Net income before taxes and discontinued operations was $5.1 million, down from $7.4 million in the prior quarter due to unrealized mark-to-market gains [8] Segment Performance - Completion Fluids & Products generated revenue of $93 million, with adjusted EBITDA margins increasing to 35.7% from 27.3% in the previous quarter, supported by stronger deepwater activity [3][9] - Water & Flowback Services experienced a 2% decline in revenue sequentially, but adjusted EBITDA margins improved year-over-year by 340 basis points despite lower frac activity levels [3][11] Outlook and Guidance - The company anticipates a strong second quarter, expecting to benefit from seasonal peaks in European industrial chemicals and the completion of multiple deepwater projects [4] - Adjusted EBITDA guidance for the first half of 2025 has been revised to between $57 million and $65 million, with revenue guidance adjusted to between $315 million and $345 million [4] Cash Flow and Capital Expenditures - TETRA generated $3.9 million in cash from operating activities and $4.2 million in free cash flow during the first quarter, after investing $11.2 million in the Arkansas bromine project [5][18] - Total capital expenditures for the quarter were $18 million, with significant investments directed towards the Arkansas bromine facility [18][20] Balance Sheet and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $41 million and long-term debt of $180 million, resulting in a net leverage ratio of 1.5X [20][19] - Liquidity improved to $220 million as of April 28, 2025, including an unused $75 million delayed draw feature under the Term Credit Agreement [19] Emerging Growth Initiatives - TETRA is advancing its desalination project, TETRA Oasis TDS, in collaboration with EOG Resources, targeting the recycling of produced water for beneficial reuse [13] - The company is positioned to benefit from increased sales of battery electrolytes to Eos Energy Enterprises as they ramp up production [14]

Company Announcement - Mammoth Energy Services, Inc. will disclose its 2025 first quarter financial results before the market opens on May 7, 2025 [1] - A conference call and webcast to discuss the first quarter results is scheduled for the same day at 11:00 a.m. Eastern Time [1] Conference Call Details - The conference call can be accessed by dialing 1-201-389-0872 or via the internet at the provided link [1] - A replay of the call will be available until May 14, 2025, and can be accessed using the specified passcode [1] Company Overview - Mammoth Energy Services is an integrated, growth-oriented energy services company focused on North American onshore unconventional oil and natural gas reserves [2] - The company offers a suite of services including well completion services, infrastructure services, and natural sand and proppant services [2]

HOUSTON, April 28, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek") (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac") today jointly announced Flotek's acquisition of power generation assets and related intellectual property (the "Acquired Assets") from ProFrac GDM, LLC ("ProFrac GDM"), a subsidiary of ProFrac, for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the Acquired Assets with ProFrac GDM (the "Lease Agreement"). ESD Skid for Gas Con ...

Group 1 - Halliburton Company's shares have declined by 50% over the past year [1] - The slowdown in US oil production activity has significantly impacted Halliburton, which derives over 40% of its revenues from this sector [1]

Core Viewpoint - The market anticipates New Jersey Resources (NJR) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - NJR is expected to post quarterly earnings of $1.65 per share, reflecting a year-over-year increase of +17.9%, and revenues are projected to be $731.72 million, up 11.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 750% lower in the last 30 days, indicating a significant reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.21%, indicating a likelihood of beating the consensus EPS estimate [10][11]. Historical Performance - In the last reported quarter, NJR exceeded the expected earnings of $1.14 per share by delivering $1.29, resulting in a surprise of +13.16%. Over the last four quarters, the company has beaten consensus EPS estimates two times [12][13]. Investment Considerations - While NJR appears to be a strong candidate for an earnings beat, other factors should also be considered when making investment decisions [14][16].