Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [3] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [3] - Vivakor's integrated facilities provide crude oil gathering, storage, transportation, reuse, and remediation services under long-term contracts [3] - The company also operates oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [3] Shareholder Meeting - Vivakor's Annual Shareholder Meeting is scheduled for September 11, 2025, at 9:00 a.m. CST, to be held in-person only at 2278 Monitor Street, Dallas, Texas [1] - Shareholders as of the August 13, 2025 record date can vote in person or by proxy, with assistance available via email [2]

Core Viewpoint - Star Equity Holdings, Inc. will release its financial results for Q2 2025 on August 13, 2025, before market opens, followed by a conference call to discuss the results and management's outlook [1]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [3]. Building Solutions Division - The Building Solutions division includes three businesses: modular building manufacturing, structural wall panel and wood foundation manufacturing (including building supply distribution), and glue-laminated timber (glulam) column, beam, and truss manufacturing [4]. Energy Services Division - The Energy Services division focuses on the rental, sale, and repair of downhole tools used in various industries, including oil and gas, geothermal, mining, and water-well [5]. Investments Division - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [6].

Dallas, TX, July 31, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced the record date of August 20, 2025 for its previously disclosed plan to issue a special dividend to Vivakor shareholders. Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc. (OTCID: ADTI), a company that manages the marketing of products, data and co ...

Core Viewpoint - Subsea 7 reported strong financial performance for Q2 and H1 2025, with significant growth in profitability driven by effective project execution across Subsea, Conventional, and Renewables sectors [4][5]. Financial Performance - Q2 2025 revenue reached $1.756 billion, slightly up from $1.739 billion in Q2 2024, while H1 2025 revenue was $3.285 billion compared to $3.134 billion in H1 2024 [3]. - Adjusted EBITDA for Q2 2025 was $360 million, a 23% increase from $292 million in Q2 2024, resulting in an adjusted EBITDA margin of 21% [3][4]. - Net income for Q2 2025 was $131 million, up from $63 million in Q2 2024, with earnings per share increasing to $0.45 from $0.20 [3][10]. Backlog and Order Intake - The backlog as of June 30, 2025, stood at $11.823 billion, up from $10.819 billion at the end of Q1 2025, indicating strong future revenue visibility [3][4]. - The book-to-bill ratio for Q2 2025 was 1.4x, with order intake of $2.5 billion, including $2.0 billion in new awards and $0.5 billion in escalations [3][12]. Operational Highlights - The company successfully executed projects in various regions, including Angola and the US, with significant activities in both Subsea and Renewables sectors [7][8][9]. - In Renewables, projects at Dogger Bank C and East Anglia THREE in the UK were highlighted, showcasing the company's commitment to offshore wind initiatives [9]. Guidance and Future Outlook - The company reaffirmed its full-year 2025 revenue guidance, expecting between $6.8 billion and $7.2 billion, with an adjusted EBITDA margin projected between 18% and 20% [13]. - A merger agreement with Saipem was signed on July 23, 2025, aimed at creating a global leader in energy services, which is expected to enhance the company's market position [4].

Financial Performance - TETRA Technologies reported a second quarter 2025 revenue of $173.9 million, an 11% sequential increase from $157.1 million in the first quarter of 2025 [4][5] - Adjusted EBITDA for the second quarter was $35.9 million, up from $32.3 million in the previous quarter, reflecting a margin of 20.6% [2][5] - Net income before taxes for the second quarter was $19.4 million, a significant increase of $14.4 million sequentially [5][4] Segment Performance - Completion Fluids & Products segment revenue increased by 18% sequentially and 9% year-over-year, with adjusted EBITDA margins rising to 36.7% [6][7] - Water & Flowback Services revenue remained flat despite a 14% decline in U.S. frac activity, with adjusted EBITDA margins decreasing to 10% [8][9] Cash Flow and Balance Sheet - The company generated $48.3 million in net cash from operating activities during the second quarter, with total adjusted free cash flow of $26.5 million [20][5] - As of June 30, 2025, TETRA had cash and cash equivalents of $69 million and a net leverage ratio of 1.2 times adjusted EBITDA [22][21] Growth Initiatives - TETRA is advancing its Arkansas bromine processing facility project, having invested $44 million since 2024, with expectations to generate incremental revenue of $200 million to $250 million at full production [11][10] - The company is also focusing on emerging growth markets, including energy storage and produced water recycling, with significant potential for reshaping its business profile [13][19] Full Year Guidance - For the full year 2025, TETRA expects GAAP net income before taxes to be between $21 million and $34 million, with adjusted EBITDA projected between $100 million and $110 million [3]

Group 1 - Energy Services of America (NASDAQ: ESOA) experienced significant exogenous headwinds in Q2'25 due to adverse weather conditions in its serviced region, leading to a substantial net loss [1] - Despite the near-term challenges, the market served by the company remains robust with substantial investment outlay [1] - The analyst, Michael Del Monte, has over 5 years of experience in the investment management industry and has worked across various sectors including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary [1]

Core Viewpoint - Baker Hughes is positioning itself to benefit from the increasing interconnection between energy infrastructure, digital automation, and defense spending, particularly in areas like unmanned systems and energy resilience [1][5]. Group 1: Company Overview - Baker Hughes is primarily known for providing energy and oilfield services, making its earnings sensitive to oil and natural gas prices [2]. - The company is transforming into a technology-driven industrial player, focusing on digital infrastructure, industrial AI, and process optimization [3][9]. Group 2: Financial Performance - Baker Hughes reported revenue of $6.8 billion, with a 130-basis-point increase in operating margin, indicating strong financial performance [8]. - The Industrial & Energy Technology (IET) segment generated $2.8 billion in revenue, growing 13% year over year, driven by demand for electrification and automation tools [13]. Group 3: Market Position and Strategy - The U.S. defense budget for fiscal 2025 is projected to exceed $900 billion, with significant allocations towards unmanned systems and energy resilience, creating potential opportunities for Baker Hughes [4][5]. - Baker Hughes is pivoting towards technologies that support electrification and energy efficiency, which aligns with the U.S. Department of Defense's increasing focus on tech-forward industrial partners [10]. Group 4: Stock Performance and Valuation - Baker Hughes stock has seen a year-to-date increase of approximately 6.8%, with a notable jump of over 9.5% following its second-quarter earnings report [6]. - The stock is currently trading at a forward P/E ratio of 16.8x, which is reasonable relative to the sector average, and the company has approved a $3 billion share repurchase authorization [16].

Financial Data and Key Metrics Changes - Revenues for Q2 2025 were $302 million, down from $278 million in Q1 2025, with a gross profit of $15 million compared to $28 million in Q1 [7][6] - The company reported a net loss of $3 million in Q2, contrasting with a net income of $3 million in Q1 [7] - Adjusted EBITDA for Q2 was $42 million, with a negative operating cash flow of $17 million, leading to negative free cash flow of $22 million [7][6] - Year-to-date revenues reached $518 million, with gross profits of $42 million and breakeven net income [7] Business Line Data and Key Metrics Changes - The Well Intervention segment faced challenges due to the regulatory docking of the Q5000 and the demobilization of the Q4000, impacting overall performance [6][9] - Robotics had a strong quarter, operating seven vessels and achieving high utilization, particularly in trenching and ROV support [12][14] - Shallow water abandonment activity increased, but the segment still faced pressure due to market conditions and competition [16][61] Market Data and Key Metrics Changes - The UK North Sea market has experienced a temporary standstill, affecting expected results, with several major producers announcing intentions to exit the market [32][33] - The Gulf of America intervention market is also softening, with customers deferring work due to lower oil prices and regulatory uncertainties [19][71] - Brazil's market remains strong, with three vessels operating on long-term contracts [7][39] Company Strategy and Development Direction - The company is focusing on mitigating impacts from slower markets by adjusting maintenance schedules and pursuing international opportunities [20][35] - A multi-year trenching contract in the North Sea has been secured, indicating a strategic move towards long-term contracts [14][25] - The company anticipates a gradual recovery in 2026 and a return to full strength by 2027, despite current market challenges [39][38] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns over geopolitical uncertainties and lower oil prices affecting customer spending [19][71] - The outlook for the second half of 2025 has been adjusted, with expected revenues between $1.2 billion and $1.3 billion, and EBITDA between $225 million and $265 million [21][22] - Management remains optimistic about the long-term fundamentals and cash flow outlook, despite the current market softness [31][39] Other Important Information - The company has a strong balance sheet with $320 million in cash and liquidity of $375 million at quarter-end [18] - A three-year framework agreement for decommissioning services with Exxon has been secured, enhancing future revenue potential [16][97] - The company repurchased $30 million worth of shares during the second quarter, indicating confidence in its financial position [30] Q&A Session Summary Question: What should be focused on regarding shallow water abandonment? - Management believes the market is at a bottom, with significant bidding activity expected leading up to 2027 [42][44] Question: How does competition affect well intervention in the Gulf of America? - Management indicated that competition is not the main hurdle; rather, it is the overall market demand and customer spending that are impacting results [46][48] Question: What are the drivers behind the decline in robotics EBIT? - The decline is attributed to a shift from providing full trenching spreads to only the trencher, resulting in lower revenue [57][58] Question: Why not remediate the Thunder Hawk well this year? - The decision is based on the need for long lead items and partner preferences for timing, with interventions planned for early 2026 [65][66] Question: What are the main challenges driving customer work pushes? - Factors include lower oil prices, regulatory uncertainties, and overall market indecision, leading to deferred spending [71][72]

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW Transaction structure and terms confirmed in line with Memorandum of Understanding Creating a global leader in energy services Milan, Luxembourg, 24 July 2025 - Saipem and Subsea7 announce that they have entered into a binding merger agreement, on terms and conditions in line with what previously communicated at the time of the signing of the Memorandum of Under ...

Core Viewpoint - OGE Energy is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with the market closely watching how actual results compare to consensus estimates [1][3]. Earnings Expectations - The consensus estimate for OGE Energy's quarterly earnings is $0.55 per share, reflecting a year-over-year increase of 7.8% [3]. - Revenues are anticipated to reach $745.49 million, representing a 12.5% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.42%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for OGE Energy is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.22%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [8][9]. - A combination of a positive Earnings ESP and a strong Zacks Rank (1-3) has historically led to a positive surprise nearly 70% of the time [9]. Historical Performance - In the last reported quarter, OGE Energy exceeded the expected earnings of $0.22 per share by delivering $0.31, resulting in a surprise of 40.91% [12]. - Over the past four quarters, OGE Energy has beaten consensus EPS estimates twice [13]. Conclusion - Despite the potential for an earnings beat, OGE Energy does not currently appear to be a compelling candidate for such an outcome, and investors should consider other influencing factors before making decisions [16].