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FTAI Infrastructure Inc. Reports First Quarter 2025 Results, Declares Dividend of $0.03 per Share of Common Stock
Globenewswire· 2025-05-08 20:15
Financial Overview - FTAI Infrastructure reported a net income attributable to stockholders of $109.724 million for Q1 2025, compared to a net loss of $56.582 million in Q1 2024, marking a significant turnaround [2][14] - Basic earnings per share (EPS) for common stock was $0.95, while diluted EPS was $0.89 [2][14] - Adjusted EBITDA for the quarter was $155.219 million, with the four core segments contributing $164.512 million [2][21] Revenue and Expenses - Total revenues for Q1 2025 were $96.161 million, an increase from $82.535 million in Q1 2024 [13] - Operating expenses rose to $67.045 million from $64.575 million year-over-year [13] - Total expenses increased to $104.602 million from $93.884 million in the previous year [13] Dividends - The Board of Directors declared a cash dividend of $0.03 per share for the quarter ended March 31, 2025, payable on May 27, 2025 [4] Business Highlights - The company completed refinancing and increased ownership at Long Ridge, executed new contracts and letters of intent at Repauno, and commenced the first of three contracts at Jefferson on April 1, 2025 [9][10] Cash Flow - The net cash used in operating activities was $85.651 million, while net cash provided by investing activities was $164.299 million [19] - The company reported a net increase in cash and cash equivalents and restricted cash of $76.111 million, ending the period with $223.407 million [19] Balance Sheet - Total assets as of March 31, 2025, were $4.142 billion, up from $2.374 billion at the end of 2024 [16][17] - Total liabilities increased to $3.275 billion from $1.918 billion [17] Key Performance Measures - Adjusted EBITDA is utilized as a key performance measure, providing insights into operational performance and resource allocation decisions [21][22]
MARA Announces First Quarter 2025 Results
Globenewswire· 2025-05-08 20:05
Revenues increased 30% YoY to $214 millionBitcoin holdings increased 174% YoY to 47,531 from 17,320 at the end of Q1 2024 Fort Lauderdale, FL, May 08, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin mining, to monetize excess energy and optimize power management, today announced its first quarter 2025 financial results in a letter to shareholders. In ...
Lost Money on Solaris Energy Infrastructure, Inc.(SEI)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-08 17:56
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a memb ...
Enerflex Ltd. Announces First Quarter 2025 Financial and Operational Results
Globenewswire· 2025-05-08 10:00
ADJUSTED EBITDA OF $113 MILLION AND FREE CASH FLOW OF $85 MILLION EI CONTRACT BACKLOG AND ES BACKLOG OF $1.5 BILLION AND $1.2 BILLION, RESPECTIVELY, PROVIDING SOLID OPERATIONAL VISIBILITY REDUCED BANK ADJUSTED NET DEBT-TO-EBITDA RATIO TO 1.3x1 AT THE END OF Q1/25 CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three months ended March 31, 2025. All amounts presented are in U.S. ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 27, 2025 in Solaris Energy Infrastructure, Inc. Lawsuit - SEI
Prnewswire· 2025-05-08 09:45
NEW YORK, May 8, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI).Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=147311&from=4 CL ...
Enerflex Ltd. Announces Voting Results of The Annual Meeting of Shareholders
Globenewswire· 2025-05-07 23:34
CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) ("Enerflex" or the "Company"), announces that at its Annual Meeting of Shareholders (the "Meeting") held virtually on May 7, 2025, Enerflex’s shareholders approved the election of all 8 nominee directors presented in the Company’s Management Information Circular dated March 21, 2025. The shares represented at the Meeting voting on individual nominee directors were as follows: ApprovalAgainstDirectorVotes ForPercenta ...
Compared to Estimates, HA Sustainable Infrastructure Capital (HASI) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-05-07 23:30
Core Insights - HA Sustainable Infrastructure Capital (HASI) reported a revenue of $28.45 million for the quarter ended March 2025, reflecting a decline of 32.1% year-over-year and a surprise of -13.78% compared to the Zacks Consensus Estimate of $33 million [1] - The company's earnings per share (EPS) was $0.64, consistent with the consensus estimate but down from $0.68 in the same quarter last year [1] Revenue Breakdown - Gain on sale of assets was reported at $18.67 million, exceeding the average estimate of $13.56 million by four analysts, but showing a year-over-year decline of 34.8% [4] - Rental income was $0.08 million, surpassing the average estimate of -$0.09 million from three analysts, representing a significant year-over-year decrease of 95.5% [4] - Interest income was $66.39 million, slightly below the estimated $67.66 million by three analysts, with a year-over-year decline of 3.4% [4] - Other income was reported at $4.80 million, exceeding the average estimate of $4.24 million from two analysts [4] - Securitization asset income was $7 million, surpassing the average estimate of $5.19 million from two analysts, indicating a year-over-year increase of 42.9% [4] Stock Performance - Over the past month, shares of HA Sustainable Infrastructure Capital have returned +6.5%, compared to a +10.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights – SEI
GlobeNewswire News Room· 2025-05-07 16:35
NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI). Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=147132&f ...
Valaris Wins Major Contract Offshore West Africa Worth $135 Million
ZACKS· 2025-05-07 16:10
Valaris Limited (VAL) , an offshore drilling contractor, has secured an award for its ultra-deepwater Valaris DS-15 drillship for work offshore West Africa. The estimated duration of the contract is 250 days, with a total contract value of $135 million.The contract involves drilling five wells for an undisclosed operator and does not include any additional services. The assignment is expected to begin in the third quarter of 2026. Additionally, the contract includes priced options for up to five wells. Thes ...
Mammoth Energy Services(TUSK) - 2025 Q1 - Earnings Call Transcript
2025-05-07 16:02
Mammoth Energy Services (TUSK) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Zach Vaughan - Vice PresidentPhil Lancaster - CEO & DirectorMark Layton - CFOJoshua Jayne - Managing Director Operator a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Zach Phong. Thank you. You may begin. Zach Vaughan Thank you, operator, and good morning, everyone. We appreciate you joining us for the Mammoth Energy conference call to review twenty twenty five firs ...