SAN DIEGO, May 09, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Solaris Energy Infrastructure, Inc. (NYSE: SEI) securities between July 9, 2024 and March 17, 2025. Solaris provides equipment used in the completion of oil and natural gas wells in the United States. On July 9, 2024, Solaris announced that it has entered into an agreement to acquire Mobile Energy Rentals LLC (“MER”). For more i ...

Delek US Holdings, Inc. (DK) reported a first-quarter 2025 adjusted net loss of $2.32 per share, wider than the Zacks Consensus Estimate of a loss of $2.27 and the year-ago quarter’s loss of 41 cents. This decline was mainly due to weaker year-over-year performance in the Refining segment. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Net revenues decreased 18.2% year over year to $2.6 billion.  The figure also missed the Zacks Consensus Estimate by $208 million.The diversified downs ...

Permian Resources Corporation (PR) reported first-quarter 2025 adjusted net income per share of 42 cents, which missed the Zacks Consensus Estimate of 44 cents. This underperformance was due to a 12.6% year-over-year increase in operating expenses and lower oil prices. However, the reported figure was in line with the year-ago period. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Meanwhile, Permian Resources’ oil and gas sales of $1.4 billion rose 10.7% from the year-ago quarter but ...

Core Insights - USA Compression Partners (USAC) reported a first-quarter adjusted net profit of 18 cents per common unit, missing the Zacks Consensus Estimate of 22 cents due to higher costs and expenses, but improved from 16 cents in the same quarter last year [1] - The company generated revenues of $245.2 million, a 7% increase year-over-year, surpassing the Zacks Consensus Estimate of $244 million, driven by a 3.2% rise in Contract operations and a significant 165.5% increase in Related party revenues [1] - Adjusted EBITDA rose by 7.2% to $149.5 million, exceeding the estimate of $146.2 million, while net income decreased to $20.5 million from $23.6 million year-over-year [2] Financial Performance - Adjusted gross operating margin decreased to 66.7% from 67.3% in the previous year [3] - Revenue-generating capacity increased by 2.4% year-over-year to 3.6 million horsepower, although below the estimate of 1.9% [3] - Average monthly revenue per horsepower rose to $21.06 from $19.96, but was below the estimate of $21.62 [3] Utilization and Cash Flow - Average quarterly horsepower utilization rate was 94.4%, slightly down from 94.8% a year ago [4] - Distributable cash flow (DCF) available to limited partners totaled $88.7 million, providing 1.4X distribution coverage, up 2.7% from the previous year [5] - The company declared a cash distribution of 52.5 cents per unit for the first quarter, to be paid on May 9, 2025 [5] Costs and Capital Expenditures - Total costs and expenses were reported at $175.8 million, an 8.3% increase from $162.4 million in the prior-year quarter [6] - Growth capital expenditures amounted to $22.2 million, while maintenance capital expenditures were $10.9 million [6] - As of March 31, 2025, USAC had a net long-term debt of $2.5 billion [6] Guidance - For the full year 2025, USAC expects adjusted EBITDA to be between $590 million and $610 million, with distributable cash flow projected to range from $350 million to $370 million [7] - Expansion capital expenditures are anticipated to be between $120 million and $140 million, while maintenance capital expenditures are expected to total between $38 million and $42 million [7]

Financial Performance - Ovintiv Inc. reported first-quarter 2025 adjusted earnings per share of $1.42, exceeding the Zacks Consensus Estimate of $1.20, but slightly down from $1.44 in the previous year due to lower realized oil prices and increased total expenses [1] - Total revenues for the quarter were $2.4 billion, a 1.1% increase from the prior year, and surpassed the Zacks Consensus Estimate by 3.3%, driven by higher product and service sales [1] Dividend and Asset Management - The board of directors declared a quarterly dividend of 30 cents per share, payable on June 30 to shareholders of record as of June 31 [2] - The company completed the divestiture of its Uinta assets for approximately $1.9 billion during the quarter [2] Share Buyback and Debt Management - The share buyback program was paused in Q4 2024 to allocate $377 million from the Montney acquisition and Uinta divestiture [3] - By the end of Q1, approximately $368 million was redirected toward debt reduction due to the buyback pause, with plans to resume buybacks in Q2 [4] Production and Pricing - Total first-quarter production was 588,300 barrels of oil equivalent per day (BOE/d), an increase from 573,800 BOE/d year-over-year, but below the estimate of 591,500 BOE/d [5] - Natural gas production rose to 1,764 million cubic feet per day (MMcf/d) from 1,648 MMcf/d in the prior year, but missed the estimate of 1,798.1 MMcf/d [5] - Realized natural gas price was $3.16 per thousand cubic feet, up from $2.56 year-over-year, while realized oil price decreased to $71.79 per barrel from $75.66 [6] Costs and Capital Expenditures - Total expenses increased to $2.5 billion from $1.9 billion year-over-year, exceeding the estimate of $1.9 billion [7] - Capital investments were $617 million compared to $591 million in the previous year, with a non-GAAP free cash flow of $1 billion for the quarter [8] Production Outlook - For Q2 2025, total production is expected to be between 585 MBOE/d and 605 MBOE/d, with capital investment projected between $550 million and $600 million [13] - For the full year 2025, total production is anticipated to average between 595 MBOE/d and 615 MBOE/d, with capital investment expected to be between $2.15 billion and $2.25 billion [14] Regional Production Insights - In the Permian Basin, production averaged 217 MBOE/d, with plans to invest $1.2 billion to $1.3 billion to drill 130-140 net wells in 2025 [10] - Montney production averaged 272 MBOE/d, with an investment plan of approximately $575 million to $625 million for 75-85 net wells [11] - Anadarko production averaged 91 MBOE/d, with an expected investment of $300 million to $325 million for 25-35 net wells [12]

Core Insights - The Williams Companies, Inc. (WMB) reported first-quarter 2025 adjusted earnings per share of 60 cents, exceeding the Zacks Consensus Estimate of 55 cents and increasing from 59 cents in the prior year [1] - Revenues for the quarter were $3 billion, missing the Zacks Consensus Estimate by $93 million, but up from $2.8 billion year-over-year, driven by increased service revenues and product sales [2] - Adjusted EBITDA for the quarter totaled $1.9 billion, reflecting a 2.8% year-over-year increase, supported by growth in natural gas demand and contributions from acquisitions and expansion projects [4] Segment Performance - Transmission & Gulf of Mexico segment reported adjusted EBITDA of $862 million, up 2.7% year-over-year, but below the Zacks Consensus Estimate of $898 million due to higher costs [5] - West segment's adjusted EBITDA was $354 million, a 7.9% increase from $328 million in the prior year, but below the consensus estimate of $366 million due to lower gathering volumes [6] - Northeast G&P segment achieved adjusted EBITDA of $514 million, up about 2% from $504 million, beating the Zacks Consensus Estimate by 3.8% due to higher rates and volumes [7] - Gas & NGL Marketing Services reported adjusted EBITDA of $155 million, down from $189 million year-over-year, but above the consensus mark of $119 million [8] Financial Overview - Total costs and expenses for the quarter were $1.9 billion, an increase of nearly 11.1% from the previous year [10] - Total capital expenditure (Capex) was $1 billion, with cash and cash equivalents of $100 million and long-term debt of $24.1 billion, resulting in a debt-to-capitalization ratio of 61.9% [10] Future Guidance - The company raised its 2025 adjusted EBITDA forecast to $7.7 billion, indicating a $50 million increase to the guidance midpoint [11] - Capital expenditure plans for 2025 include growth Capex ranging from $2.575 billion to $2.875 billion and maintenance Capex between $650 million and $750 million [11] - The company improved its leverage ratio for 2025 to a midpoint of 3.65x and raised its dividend by 5.3% to $2 per share for 2025 [12]

DNOW (DNOW) Q1 2025 Earnings Call May 07, 2025 09:00 AM ET Speaker0 Good morning. My name is Janine, and I will be your conference operator for today. At this time, I would like to welcome everyone to the DN Now First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Mr. Brad Weiss, Vice President of Digital Strategy and Investor Relations, you may begin your confe ...

Core Viewpoint - Coterra Energy Inc. reported strong operational performance in Q1 2025, with adjusted earnings per share of 78 cents, surpassing estimates and the previous year's performance, despite missing revenue expectations due to weaker oil prices. Financial Performance - Adjusted earnings per share for Q1 2025 were 78 cents, beating the Zacks Consensus Estimate of 76 cents and up from 50 cents in the year-ago quarter [1] - Operating revenues were $1.9 billion, missing estimates by $37 million but significantly higher than $1.4 billion from the previous year [2] - Cash flow from operations increased by 33.6% to $1.1 billion, with free cash flow for the quarter amounting to $663 million [13] Production and Pricing - Average daily production rose 8.8% to 746.8 thousand barrels of oil equivalent (Mboe), exceeding the Zacks Consensus Estimate of 740 Mboe [7] - Oil production increased 37.8% to 141.2 thousand barrels (MBbl) per day, although it missed the estimate of 144 MBbl [8] - Average realized crude oil price was $69.73 per barrel, down 7.2% from $75.16 a year ago, slightly missing the estimate of $70 [9] Shareholder Returns - The board declared a quarterly dividend of 22 cents per share, representing a 3.4% annualized yield [3] - Total shareholder returns for the quarter reached $192 million, including $168 million in dividends and $24 million in share repurchases [5] - The company repurchased 0.9 million shares for $24 million at an average price of $27.54 per share [4] Debt Management - Coterra is focused on debt reduction, repaying approximately $250 million during the quarter and planning to retire $750 million in term loans maturing in 2027 and 2028 [6][5] - As of March 31, 2025, the company had $186 million in cash and cash equivalents and a total liquidity of about $2.2 billion [14] Guidance - For Q2 2025, Coterra expects total equivalent production between 710 to 760 thousand barrels of oil equivalent per day [16] - The company has lowered its full-year 2025 capital expenditures range to $2-$2.3 billion [15] - Estimated discretionary cash flow for 2025 is approximately $4.3 billion, with free cash flow around $2.1 billion based on commodity price assumptions [17]

Core Viewpoint - Targa Resources Corp. (TRGP) reported disappointing first-quarter 2025 results, with adjusted earnings per share of 91 cents, missing the Zacks Consensus Estimate of $2.04, primarily due to lower volumes in the Permian Basin and increased operating expenses [1][2]. Financial Performance - Total quarterly revenues were $4.6 billion, matching the prior-year quarter but missing the Zacks Consensus Estimate of $5.3 billion, attributed to lower commodity sales [2] - Adjusted EBITDA for the first quarter was $1.2 billion, an increase from $966.2 million in the prior-year period [2]. Dividend and Share Repurchase - Targa raised its quarterly cash dividend to $1 per common share, totaling approximately $217 million to be distributed on May 15, 2025 [3]. - The company repurchased 651,163 shares for about $124.9 million at an average price of $191.86 per share, with $890.5 million remaining in its share repurchase program as of March 31, 2025 [4]. Operational Updates - Ongoing projects include construction at several plants in the Permian Basin, with the Pembrook II plant expected to begin operations by the third quarter of 2025 [5][6]. - The Gathering and Processing segment reported an operating margin of $602.2 million, up 8% year over year but below the consensus estimate [6][7]. - The Logistics and Transportation segment's operating margin increased 22% year over year to $646.7 million, also missing the consensus estimate [8]. Volume and Cost Analysis - Gathering and Processing volumes increased 11.3% year over year to an average of 6,006 MMcf/d, but fell short of the consensus mark [7]. - Fractionation volumes rose 23% year over year to 979.9 thousand barrels per day, while NGL pipeline transportation volumes increased 18% [9]. - Product costs were $3.3 billion, up 1% year over year, and operating expenses rose 9% to $303.6 million [11]. Capital Expenditures and Guidance - Targa's growth capital expenditures for 2025 are projected between $2.6 billion and $2.8 billion, with maintenance capital expenditures at $250 million [14]. - The company anticipates full-year adjusted EBITDA of $4.65-$4.85 billion, expecting significant growth in the second half of 2025 [13].

TC Energy Corporation (TRP) reported first-quarter 2025 adjusted earnings of 66 cents per share, which missed the Zacks Consensus Estimate of 70 cents. Moreover, the bottom line decreased from 92 cents in the year-ago period. This underperformance could be attributed to weak Power and Energy Solutions segment results. (See the Zacks Earnings Calendar to stay ahead of market-making news.)This energy infrastructure provider's quarterly revenues of $2.5 billion also missed the Zacks Consensus Estimate by $18 m ...