All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 05, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson”, or the “Company”) announced today that its Board of Directors has approved a quarterly dividend of $0.43 per common share, payable on July 17, 2025, to shareholders of record at the close of business on June 30, 2025. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividend ...

Core Insights - Gibson Energy Inc. reported strong financial and operational results for Q1 2025, achieving record quarterly Infrastructure EBITDA of $155 million, driven by high volumes at Gateway and Edmonton terminals [3][5][6] - The company is focused on cost savings and has realized approximately $6 million in recurring and non-recurring savings, with a target of over $25 million [5][6] - A strategic long-term partnership with Baytex Energy Corp. was secured, which will enhance cash flow quality through investment in new liquids infrastructure [5][6][7] Financial Highlights - Revenue for Q1 2025 was $2,748 million, a decrease of $541 million from $3,289 million in Q1 2024, primarily due to reduced sales volumes and lower commodity prices [6] - Infrastructure Adjusted EBITDA increased by $4 million or 2% year-over-year, reaching $155 million, attributed to increased throughput and lower operating costs [6] - Marketing Adjusted EBITDA fell to $0, a decrease of $33 million from Q1 2024, due to lower contributions from the Crude Marketing business [6] - Consolidated Adjusted EBITDA was $142 million, a decrease of $28 million or 16% from the previous year [6] - Net income rose to $50 million, a $9 million or 23% increase from Q1 2024, mainly due to lower general and administrative costs [6] - Distributable Cash Flow was $91 million, a decrease of $24 million or 21% from Q1 2024 [6] Operational Developments - The company appointed Riley Hicks as Senior Vice President and Chief Financial Officer and Dave Gosse as Senior Vice President and Chief Operating Officer [5][15] - Gibson surpassed a safety milestone with over 9 million hours worked without a lost time injury [15] - The Gateway dredging project was completed safely, on time, and on budget, enhancing the terminal's capacity [15] Strategic Developments - Gibson entered into a long-term agreement with Baytex, involving an investment of approximately $50 million in new liquids infrastructure [5][6][7] - The company is well-positioned for a strong finish to the year, supported by a revitalized leadership team and disciplined execution [3][5]

NEW YORK, May 05, 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 ...

Energy Transfer LP (NYSE: ET ) stock has not felt quite good since February 12 , when I shared my previous bullish call. The stock is down more than 13%, which is a notable underperformance compared to theAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunities that align with my ri ...

Vertiv (VRT) FY Conference Summary Industry Overview - The critical digital infrastructure industry is projected to experience a compound annual growth rate (CAGR) of 9% to 12% through 2029, with mid-teens growth anticipated in cloud and colocation sectors [3][4][6] - The demand for data center capacity remains strong, driven by AI advancements and the need for enhanced infrastructure [5][9][22] Core Insights - The company maintains that the growth assumptions from the Investor Day remain valid despite market fluctuations, with a potential for even stronger demand than previously anticipated [4][7][9] - The shift from AI training to inference is noted, with inference expected to grow faster due to its monetization potential [15][17] - The company reported a record quarter for orders, with a year-on-year increase of 13% and a 60% increase compared to the previous year [11][12] Demand Dynamics - The demand for large data centers continues, alongside a rise in smaller, distributed edge data centers [18][19] - There are no significant long-term changes in market dynamics, although short-term adjustments may occur due to resource constraints [21][22] - The company is optimistic about long-term demand, supported by a strong pipeline and industry trends [22][23] Competitive Landscape - New entrants in the market, including sovereign and neo cloud providers, are expanding the industry, but the company does not perceive this as an increase in risk [26][27] - The company employs rigorous credit checks and often requires advanced payments to mitigate risks associated with new customers [28][29] Tariff Impact - The company has not observed any material impact from tariffs on demand, as the demand for AI capacity remains robust [31][32] - There is a focus on maintaining competitive lead times, which may provide opportunities for market share gains amidst tariff uncertainties [37][39] Capital Expenditure (CapEx) Strategy - The company plans to maintain a 25% to 30% capacity headroom versus demand, indicating confidence in future growth [47][50] - CapEx allocation is influenced by geopolitical conditions, but no dramatic shifts in strategy are expected [48][49] Product Innovation and Market Share - Recent product launches, including new chillers and modular solutions, are aimed at increasing market share and addressing customer needs [52][56] - The company is particularly focused on expanding its liquid cooling capacity, which has seen significant growth [61][62] Conclusion - Vertiv is positioned to capitalize on the growing demand for critical digital infrastructure, with a strong pipeline, innovative product offerings, and a strategic approach to managing risks associated with market dynamics and tariffs [9][22][37][61]

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 ...

Expands wireless infrastructure capabilitiesTORONTO and CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Colliers Engineering & Design (“Colliers Engineering”) division has acquired Terra Consulting Group, LLC (“Terra”), a specialty telecommunications infrastructure engineering firm based in Chicago, Illinois. This acquisition strengthens Colliers Engineering’s footprint in the Midwes ...

NEW YORK, May 5, 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=146603&from=4CLA ...

Group 1 - Brookfield Infrastructure Partners (BIP) and Brookfield Infrastructure Corporation (BIPC) have five fixed-income securities that have experienced moderate sell-offs due to increased credit spreads following market fluctuations [1] - The equity market serves as a significant mechanism for wealth creation or destruction over the long term, with daily price fluctuations contributing to this dynamic [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - SM Energy Company reported strong first-quarter 2025 results, with adjusted earnings and revenues exceeding expectations, driven by increased production volumes and higher realized prices [1][2][4]. Financial Performance - Adjusted earnings per share for Q1 2025 were $1.76, surpassing the Zacks Consensus Estimate of $1.60 and up from $1.41 in the previous year [1]. - Total revenues reached $845 million, exceeding the Zacks Consensus Estimate of $822 million and significantly higher than $560 million in the year-ago quarter [1]. Operational Performance - Production volumes for Q1 2025 were 197.3 MBoe/d, a 36% increase from 145.1 MBoe/d in the previous year, with oil comprising almost 53% of total production [2]. - Oil production rose approximately 63% year over year to 103.7 MBbls/d, exceeding the Zacks Consensus Estimate of 103 MBbls/d [2]. - Natural gas production was 404.2 million cubic feet per day, an 18% increase year over year, while natural gas liquids production improved 8% to 26.2 MBbls/d [3]. Realized Prices - The average realized price per Boe was $47.29, up from $42.39 in the year-ago quarter [4]. - The average realized oil price decreased by 7% to $70.56 per barrel, while the average realized natural gas price increased by 51% to $3.30 per thousand cubic feet [4]. Costs & Expenses - Unit lease operating expenses increased by 11% year over year to $6.13 per Boe, while general and administrative expenses decreased by 3% to $2.22 per Boe [5]. - Transportation expenses surged by 89% to $3.92 per Boe, with total hydrocarbon production expenses amounting to $225 million compared to $137.4 million in the previous year [5]. Capital Expenditures - Capital expenditures for the quarter totaled $440.8 million, with adjusted free cash flow of $73.8 million [6]. Balance Sheet - As of March 31, 2025, SM Energy had cash and cash equivalents of $54,000 and a net debt of $2.77 billion [7]. Guidance - For Q2 2025, production is expected to be between 197-203 MBoe/d, with oil contributing 54-55% [9]. - Full-year 2025 net production volume is anticipated to be in the range of 200-215 MBoe/d, implying a year-over-year increase of approximately 22% [10].