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Clearway Energy, Inc. Reports First Quarter 2025 Financial Results
Globenewswire· 2025-04-30 20:02
Strong quarterly operational performance with availability and capacity factors up YoY in all segmentsRepowering program accelerating with PPA signed at Mt. Storm and awarded PPA at Goat MountainSponsor-enabled growth continuing forward with 2025 projects initially funded and 2026 projects on trackProgressed growth by M&A also with Tuolumne closed and signed acquisition of California solar projectReaffirming 2025 financial guidanceIncreasing quarterly dividend by 1.7% to $0.4384 per share in Q2 2025, or $1. ...
Turbo Energy Partners with Chilean Utility Saesa to Expand Smart Battery Storage Systems in Latin America
Globenewswire· 2025-04-30 12:30
Core Insights - Turbo Energy S.A. has partnered with Saesa to expand smart battery systems in Chile, marking a significant step in its Latin American expansion [1][2] - The first joint project involves a smart battery energy storage system at Bayas del Sur, enhancing energy optimization and reducing fuel dependence [2][3] - The project features lithium batteries with 200 kW power and 880 kWh storage capacity, designed to support operations during peak demand and grid outages [3] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies, aiming to reduce dependence on traditional energy sources [5] - The company has launched Turbo Energy Solutions, focusing on photovoltaic generation, energy storage, and smart energy management in Latin America [4] - Turbo Energy's flagship product, the SUNBOX, is a high-performance solar energy storage system with EV charging capability [5]
Digital Utilities Ventures Finalizes Full Ownership of Technology Integration Subsidiary
Globenewswire· 2025-04-30 12:30
100% ownership of Easy Energy Systems Technologies, LLC supports DUTV’s platform unification and reinforces long-term value strategyMANKATO, Minn., April 30, 2025 (GLOBE NEWSWIRE) -- Digital Utilities Ventures, Inc. (OTC: DUTV), now doing business as Easy Environmental Solutions Inc., a leader in regenerative agriculture and clean water technologies, today announced that it now holds 100% ownership of Easy Energy Systems Technologies, LLC, previously a majority-owned subsidiary. Energy Systems Technologies ...
4月30日早间新闻精选
news flash· 2025-04-30 00:17
智通财经4月30日早间新闻精选 1、习近平29日在上海考察时强调,上海承担着建设国际科技创新中心的历史使命,要抢抓机遇,以服 务国家战略为牵引,不断增强科技创新策源功能和高端产业引领功能,加快建成具有全球影响力的科技 创新高地。 2、据《南华早报》报道,江苏省和浙江省的部分制造商已接到沃尔玛等美国主要零售商的通知,要求 其近日恢复发货。据报道,周一宁波一家大型文具和办公用品出口商收到沃尔玛的通知,恢复对美国的 正常发货。该公司表示,新进口关税的成本将由美国客户承担。 3、针对全球最新变化,港交所与香港证监会已根据特区政府的指示做好准备,并已与部分相关企业接 触。若仍未在香港市场上市的"中概股"希望回流,会为其香港上市提供适当的指引与协助。 4、新华保险公告,拟与中国人寿合计出资200亿元认购私募基金份额,投资于中证A500指数成分股中 符合条件的大型上市公司A+H股。 5、48家券商及上市主体已悉数披露一季报,其中26家今年一季度归母净利同比增速超过50%。 6、浪潮信息一季度净利润同比增长53%;长江电力一季度净利润同比增长30.56%;美的集团第一季度 净利润同比增长38.02%,拟分拆安得智联至香港联交 ...
CVR Energy(CVI) - 2025 Q1 - Earnings Call Transcript
2025-04-29 21:59
Financial Data and Key Metrics Changes - For the first quarter of 2025, the company reported a consolidated net loss of $105 million and a loss per share of $1.22, with EBITDA also reflecting a loss of $61 million [5][13] - Adjusted EBITDA for the quarter was $24 million, while adjusted loss per share was $0.58 [13] - The negative mark to market impact on outstanding RFS obligations was $112 million, with a favorable inventory valuation impact of $24 million [13] Business Line Data and Key Metrics Changes - In the Petroleum segment, total throughput for Q1 2025 was approximately 125,000 barrels per day, with a light product yield of 95% [5][6] - Adjusted EBITDA for the Petroleum segment was a loss of $30 million, driven by reduced throughput volumes due to planned and unplanned downtime [13] - The Renewables segment achieved an adjusted EBITDA of $3 million, an improvement from a negative $5 million in the prior year, primarily due to higher throughput volumes and increased RIN prices [11][14] - The Fertilizer segment reported an adjusted EBITDA of $53 million, supported by higher UAN sales volumes and ammonia sales prices [14] Market Data and Key Metrics Changes - Group 3 2-1-1 benchmark cracks averaged $17.65 per barrel in Q1 2025, down from $19.55 per barrel in the same period last year [6] - Average RIN prices were approximately $0.84, an increase of over 25% from the previous year [6] - Days of gasoline supply were reported to be 12% below the five-year average, while diesel supply was 17% below [19] Company Strategy and Development Direction - The company plans to ramp up refinery operations to full rates over the second quarter of 2025, with no additional turnarounds planned until 2027 [6][17] - The company is focusing on reducing debt and restoring balance sheet leverage ratios while looking for ways to improve capture and reduce costs [25] - The company is optimistic about the potential for increased jet fuel production, which is not subject to RVO, thereby reducing annual RIN obligations [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted that refining market conditions began to improve in Q1 2025, driven by a heavy spring maintenance season and refinery closures [18] - The company expressed confidence in recovering strong margins post-turnaround, despite challenges faced during the Coffeyville turnaround [46][47] - Management highlighted the importance of government support for renewable businesses, indicating a cautious approach to further investments in renewables without assurance of stable credits [56] Other Important Information - The company ended Q1 2025 with a consolidated cash balance of $695 million and total liquidity of approximately $894 million [16] - Significant cash uses included $94 million for capital and turnaround spending, and $113 million for working capital, primarily associated with inventory buildup during the turnaround [16] Q&A Session Summary Question: Understanding refining macro and demand resilience - Management indicated that days of supply have shrunk, suggesting a correcting supply-demand balance, with expectations for summer demand to influence gasoline and diesel markets [28] Question: RVO and SRE implications - Management believes decoupling D4 from D6 is important and criticized the government's handling of RFS, emphasizing the need for lower RIN prices to benefit consumers [31][32][33] Question: Renewable diesel EBITDA expectations - Management noted that RIN prices and feedstock costs are favorable, but emphasized the need for clarity on PTC rules before making further investments [36][37] Question: Jet expansion at Coffeyville - Management expressed confidence in securing contracts with major airlines as existing contracts expire, indicating a positive outlook for jet fuel demand [52] Question: Insider activity at the company - Management refrained from commenting on insider activity, suggesting inquiries should be directed to the individuals involved [80]
Q1 2025 turnover
Globenewswire· 2025-04-29 16:05
Core Viewpoint - Voltalia reported a resilient start to Q1 2025 with a turnover increase of +2% to 113 million euros, driven by strong growth in Services, which offset a temporary decline in Energy Sales [2][6]. Financial Performance - Q1 2025 turnover reached 113.3 million euros, up +2% compared to Q1 2024, and +7% at constant exchange rates [3][6]. - Energy Sales decreased by -6% to 70.4 million euros, but increased by +1% at constant exchange rates [3][9]. - Services for third-party clients saw a significant growth of +19% to 42.9 million euros, both at current and constant exchange rates [3][12]. Operational Indicators - Energy production increased by +15% to 1.1 terawatt hours (TWh) [5][7]. - Capacity in operation reached 2.5 gigawatts (GW), with total capacity in operation and under construction at 3.3 GW, reflecting a +10% increase compared to 2024 [5][25]. - The company aims for operational objectives of 3.6 GW in operation and construction, and 5.2 TWh of production [5][25]. Strategic Initiatives - The SPRING transformation plan is currently in its diagnostic phase, expected to be completed by June 2025, aiming to enhance sustainable profitability and operational agility [5][17][19]. - The conclusions of the SPRING plan will be presented alongside the 2025 half-year results, with an action plan to follow [18][19]. Geographic Performance - Turnover distribution: 60% in Europe, 35% in Latin America, and 5% in Africa [6]. - In Brazil, production increased by +16%, while production in France fell by -14% due to resource challenges [11][27].
DECISIONS OF THE ANNUAL GENERAL MEETING OF DOVRE GROUP PLC
Globenewswire· 2025-04-29 14:45
Dovre Group Plc Stock Exchange Release April 29, 2025, at 5:45 pm DECISIONS OF THE ANNUAL GENERAL MEETING OF DOVRE GROUP PLC Dovre Group Plc’s Annual General Meeting held today on April 29, 2025, adopted the financial statements and consolidated financial statements for 2024 and discharged the members of the Board of Directors and the CEO from liability for the financial year ending on December 31, 2024. The Annual General Meeting also decided on the composition and remuneration of the Board of Directors, ...
Brookfield Renewable Partners to Post Q1 Earnings: What to Expect?
ZACKS· 2025-04-29 14:10
Brookfield Renewable Partners (BEP) is scheduled to release first-quarter 2025 results on May 2, before market open. The company delivered an earnings surprise of 50% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That Might Have Impacted BEP's Q1 PerformanceBrookfield Renewable Partners’ first-quarter earnings are expected to have continued to benefit ...
VCI Global to Announce Fiscal Year 2024 Financial Results on May 13, 2025
Globenewswire· 2025-04-29 12:30
KUALA LUMPUR, Malaysia, April 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced that it will release its financial results for fiscal year 2024, ended December 31, 2024, before markets open on May 13, 2025. VCI Global’s management team will hold an earnings call at 8:00 a.m. Eastern Time on May 13, 2025, to discuss the Company’s financial and business outlook. Please call the conference telephone number 10 minutes prior to the start time. To acce ...
Aemetis to Benefit From EPA’s Approval of 15 Percent Ethanol Blend
Globenewswire· 2025-04-29 12:00
Consumers are expected to save up to $0.20 per gallon at the pump "The EPA's action allowing nationwide E15 sales to continue is a significant step toward increasing the demand for ethanol and has broad support for permanent approval from the President, as well as numerous members of Congress," stated Eric McAfee, Chairman and CEO of Aemetis. "Permanent national approval of E15 would allow the demand for ethanol to grow as consumers nationwide benefit from lower-cost, domestic, renewable fuel that lowers th ...