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Brookfield Infrastructure: Investment Grade Securities For 64 Cents On The Dollar
Seeking Alpha· 2025-05-04 15:50
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]
SM Energy Q1 Earnings Surpass Estimates on Higher Production Volumes
ZACKS· 2025-05-02 18:25
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].
MasTec Q1 Earnings & Revenues Beat, 2025 Guidance Raised
ZACKS· 2025-05-02 15:55
Core Insights - MasTec, Inc. reported strong financial results for Q1 2025, with earnings and revenues exceeding expectations, leading to a 3.7% increase in share price post-earnings release [1][2][4] Financial Performance - Adjusted EPS reached 51 cents, surpassing the Zacks Consensus Estimate of 34 cents by 50%, compared to a loss of 17 cents per share in the same quarter last year [4] - Revenues totaled $2.85 billion, exceeding the consensus mark of $2.72 billion by 4.7%, and increased by 6% year-over-year, driven by double-digit growth in non-pipeline segments [4] - Adjusted EBITDA was reported at $164 million, reflecting a 7.1% increase from the prior year, with an adjusted EBITDA margin of 5.7% [10] Backlog and Growth - As of March 31, 2025, MasTec's backlog stood at $15.88 billion, up 23.7% year-over-year and 11% sequentially, with significant contributions from the Pipeline Infrastructure segment, which more than doubled its backlog [5][2] Segment Performance - Communications segment revenues rose 34.7% to $680.9 million, supported by increased activity in wireless and wireline projects, despite a decline in install-to-the-home projects [6] - Clean Energy and Infrastructure revenues increased by 21.5% to $915.8 million, driven by higher project volumes in renewables and infrastructure initiatives [7] - Power Delivery segment revenues increased to $899.7 million, up from $797.9 million year-over-year, although adjusted EBITDA margin contracted by 60 bps to 5.7% [8] - Pipeline Infrastructure revenues fell 43.8% to $356.5 million, with an adjusted EBITDA margin of 12.5%, down 210 bps year-over-year [9] Cash Flow and Debt - The company generated $78.4 million in cash from operating activities, down from $107.8 million a year ago, and maintained net debt leverage at 1.9x [3][12] - Cash and cash equivalents decreased to $345.7 million from $399.9 million at the end of 2024, while long-term debt slightly increased to $2.041 billion [12] Future Guidance - For Q2 2025, MasTec expects revenues of approximately $3.4 billion, up from $3 billion in Q2 2024, with adjusted EBITDA estimated between $270-$280 million [13] - The company anticipates full-year revenues of about $13.65 billion, an increase from the previous estimate of $13.45 billion, and adjusted EPS is expected to be between $5.90 and $6.25 [14][15]
May 27, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against SEI
Prnewswire· 2025-05-02 09:45
NEW YORK, May 2, 2025 /PRNewswire/ -- 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 member of ...
Dow finalizes strategic partnership with Macquarie Asset Management as an investor in Diamond Infrastructure Solutions, its dedicated infrastructure company
Prnewswire· 2025-05-01 20:30
Dow sold an initial 40% equity stake in Diamond Infrastructure Solutions, a dedicated infrastructure company with assets across the U.S. Gulf Coast, to a fund managed by Macquarie Asset Management Macquarie Asset Management has an option to increase its equity stake to 49% within six months of closing Dow received initial cash proceeds of approximately $2.4 billion, with potential to receive up to approximately $3.0 billion in total if the option is exercised Proceeds will be used to support Dow's balanced ...
Uniti Group Inc. to Present at Upcoming Conferences
Globenewswire· 2025-05-01 20:15
Core Points - Uniti Group Inc. announced that its President and CEO, Kenny Gunderman, will present at two upcoming conferences in May 2025 [1] - The conferences include the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference and the MoffettNathanson 2025 Media, Internet & Communications Conference [1] - Uniti is a real estate investment trust focused on communications infrastructure, owning approximately 145,000 fiber route miles and 8.8 million fiber strand miles as of December 31, 2024 [3] Company Overview - Uniti is engaged in the acquisition and construction of mission-critical communications infrastructure [3] - The company is a leading provider of fiber and wireless solutions for the communications industry [3] - Additional information about Uniti can be accessed on its official website [3]
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 27, 2025 in Solaris Energy Infrastructure, Inc. Lawsuit – SEI
GlobeNewswire News Room· 2025-05-01 16:54
Core Viewpoint - Solaris Energy Infrastructure, Inc. (NYSE: SEI) is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business operations and the acquisition of Mobile Energy Rentals LLC (MER) [1][3]. Allegations - The complaint alleges that during the class period from July 9, 2024, to March 17, 2025, the defendants failed to disclose critical information about MER, including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which was not disclosed, leading to an overstatement of the commercial prospects of the acquisition [3]. - The lawsuit also alleges that Solaris inflated its profitability metrics by not properly depreciating its turbines, resulting in misleading positive statements about the company's business and operations [3]. Class Action Details - Shareholders who purchased SEI shares during the specified class period are encouraged to register for the class action, with a deadline set for May 27, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [4]. Law Firm Information - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect investors' rights against deceit and fraud [5].
Why Nebius Group Stock Soared Today
The Motley Fool· 2025-05-01 16:33
Shares of Nebius Group (NBIS 6.25%) are flying today. After surging more than 13%, the artificial intelligence (AI) cloud infrastructure company was holding on to a gain of 8.3% as of 11:38 a.m. ET.News from the company, combined with some strong sector tailwinds, provided the boost. Word from several big tech companies that capital investments for AI infrastructure are continuing is big news for Nebius.Nebius counts on AI spendingNebius was created from the restructuring that came after Russian search engi ...
Compared to Estimates, Quanta Services (PWR) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-05-01 14:35
Quanta Services (PWR) reported $6.23 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 23.9%. EPS of $1.78 for the same period compares to $1.41 a year ago.The reported revenue represents a surprise of +6.11% over the Zacks Consensus Estimate of $5.87 billion. With the consensus EPS estimate being $1.66, the EPS surprise was +7.23%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...
Belden(BDC) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:32
Belden (BDC) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Aaron Reddington - VP, IRAshish Chand - President and CEOJeremy Parks - Senior VP of Finance & CFORobert Jamieson - Industrial Tech Equity ResearchSteven Fox - Founder & CEO Conference Call Participants William Stein - Managing Director/Senior Research Analyst - TechnologyDavid Williams - Equity Research AnalystMark Delaney - Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden Repo ...