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Amplify Energy to End Merger Deal Amid Extreme Market Volatility
ZACKS· 2025-04-30 18:15
Group 1 - Amplify Energy Corporation (AMPY) has signed a termination agreement with Juniper Capital Advisors, L.P. regarding their merger deal due to extreme market volatility in the energy sector [1] - Juniper Capital Advisors will receive $800,000 in cash as part of the termination agreement, and Amplify Energy has cancelled its planned special stockholder meeting [2] - AMPY plans to provide updates on its business and financial performance during its first-quarter earnings release scheduled for May 12, 2025, focusing on capital allocation and free cash flow projections [3] Group 2 - AMPY currently holds a Zacks Rank 4 (Sell), while better-ranked stocks in the energy sector include Archrock Inc. (Rank 1), Nine Energy Service, and Kinder Morgan (both Rank 2) [4] - Archrock focuses on midstream natural gas compression services and is expected to see sustained demand due to the role of natural gas in the energy transition [5] - Nine Energy Service provides onshore completion and production services across key U.S. basins and is positioned for growth due to anticipated demand for oil and gas [6] - Kinder Morgan operates a stable midstream business model driven by take-or-pay contracts, which protects it from commodity price volatility, and recently increased its quarterly cash dividend to 29.25 cents, reflecting a 2% increase from the previous year [7]
3 Dividend Kings Outshining the Market in 2025
MarketBeat· 2025-04-30 13:11
Market Overview - The S&P 500 is down 5.5% year-to-date due to uncertainty, tariffs, fears of an economic slowdown, and concerns over stretched valuations, particularly in technology stocks [1] - Investors are seeking safety in defensive sectors and reliable dividend payers as a result of the risk-off environment [2] Dividend Stocks Performance - Dividend stocks with strong yields and relative outperformance have become increasingly attractive, with some dividend aristocrats and kings emerging as top performers [2] Philip Morris International - Philip Morris has seen a 41% increase in stock price year-to-date, making it the fourth-best-performing stock in the S&P 500 [4] - The company offers a 3.17% dividend yield and has a history of 17 consecutive years of dividend increases [4] - The strategic pivot towards smoke-free products is driving growth, with a goal to generate two-thirds of revenue from these products by 2030 [5] - Q1 2025 earnings were reported at $1.69 per share, beating estimates by $0.08, with revenue growing 5.8% to $9.3 billion [5][6] AT&T - AT&T's stock has surged 20% year-to-date and 65% over the past year, with a current dividend yield of 4.07% [8] - The company reported Q1 2025 earnings of $0.51 per share, slightly missing consensus estimates, but revenue grew 2% year-over-year to $30.63 billion [9] - AT&T holds a Moderate Buy consensus rating from analysts, with a price target implying nearly 5% upside from current levels [10] Williams Companies - Williams Companies has seen a 10% increase in stock price year-to-date, with a 3.35% dividend yield supported by a three-year dividend growth rate of 5% [12][13] - The company is set to report Q1 2025 earnings on May 5, with previous EPS expectations met at $0.47 [14] - Analysts have raised price targets for Williams, maintaining a Moderate Buy consensus rating [14]
Westwood Celebrates One-Year Anniversary of Westwood Salient Enhanced Energy Income ETF (NYSE: WEEI)
Globenewswire· 2025-04-30 12:00
Core Viewpoint - Westwood Holdings Group celebrates the one-year anniversary of the Westwood Salient Enhanced Energy Income ETF (WEEI), which has achieved an annualized distribution rate of 11.9% as of March 28, 2025, indicating strong investor demand for income-focused investment solutions [1][2][3]. Company Overview - Westwood Holdings Group (NYSE: WHG) is a boutique asset management firm that provides a range of actively-managed investment strategies and wealth services to various clients, emphasizing a client-first approach and innovative investment solutions [7][8]. Fund Performance - WEEI has delivered a year-to-date net asset value (NAV) performance of 8.63% and a market price performance of 8.86% since its inception on April 30, 2024, with an expense ratio of 0.85% [4]. - The fund's structure aims to provide tax efficiency, transparency, and accessibility, aligning with Westwood's commitment to investor-focused strategies [3]. Investment Strategy - WEEI employs a covered-call strategy to enhance income, allowing investors to benefit from the cash flow generation of energy companies while also gaining additional yield through options premiums [2][3]. - The fund targets the energy sector, contrasting with its sister ETF, the Westwood Salient Enhanced Midstream Income ETF (MDST), which focuses on the midstream segment [2][3]. Market Position - WEEI has resonated with advisors and investors seeking reliable income solutions in a dynamic market environment, reflecting strong demand for income-generating investment options [2][3]. - The fund's performance and strategy have positioned it as a valuable tool for income-focused investors across various market cycles [3].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Solaris Energy Infrastructure, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SEI
GlobeNewswire News Room· 2025-04-30 02:04
Group 1 - The Rosen Law Firm is reminding purchasers of Solaris Energy Infrastructure, Inc. securities of a lead plaintiff deadline on May 27, 2025, for a class action lawsuit [1] - Investors who purchased Solaris Energy securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit alleges that Solaris Energy made false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC, including the lack of corporate history and diversified earnings [5] - Specific claims include that Solaris Energy overstated the commercial prospects of the MER acquisition and inflated profitability metrics by failing to properly depreciate its turbines [5] - The misleading statements led to investor damages when the true details about Solaris Energy's business and operations were revealed [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements for investors, including over $438 million in 2019 and has been recognized as a leader in the field of securities class action litigation [4]
ONEOK(OKE) - 2025 Q1 - Earnings Call Presentation
2025-04-30 01:54
Financial Performance & Guidance - First quarter 2025 adjusted EBITDA was approximately $1.8 billion[25] - The company reported net income attributable to ONEOK of $636 million, or $1.04 per diluted share[26] - ONEOK reaffirmed its 2025 adjusted EBITDA guidance midpoint of $8.225 billion[12, 23] - The company anticipates >15% EPS growth in 2026 and is approaching 10% adjusted EBITDA growth[23] Segment Performance (Q1 2025 vs Q4 2024) - Natural Gas Liquids adjusted EBITDA decreased, including an $82 million decrease from unconsolidated affiliates and a $72 million decrease in transportation and storage[30] - Natural Gas Gathering and Processing adjusted EBITDA increased, including a $13 million increase due to adjusted EBITDA from EnLink[31] - Refined Products and Crude adjusted EBITDA decreased[28] - Natural Gas Pipelines adjusted EBITDA decreased, including a $264 million decrease due to the interstate natural gas pipeline divestiture in 2024[31] Operational Highlights - Natural Gas Liquids: Gulf Coast/Permian NGL raw feed throughput increased by 13% compared to the fourth quarter of 2024[37] - Refined Products and Crude: Crude oil volume shipped increased to 1,846,000 bpd in the first quarter of 2025[40] - Natural Gas Gathering and Processing: Total processed volumes reached 5,250 MMcf/d in the first quarter of 2025[45] Growth Projects & Opportunities - The company is focused on high-return organic growth projects, including expansions of the West Texas NGL Pipeline (capacity to 740,000 bpd) and Elk Creek NGL Pipeline (capacity to 435,000 bpd)[56] - ONEOK sees opportunities in natural gas pipelines driven by industrial demand growth from data centers, LNG, and ammonia facilities[52, 55]
Archrock Announces Timing for First Quarter 2025 Results
Globenewswire· 2025-04-29 20:15
Core Viewpoint - Archrock, Inc. will host a conference call on May 6, 2025, to discuss its first quarter 2025 financial and operating results, with the earnings report released prior to the call [1]. Group 1: Conference Call Details - The conference call is scheduled for 10:30 a.m. Eastern Time on May 6, 2025 [1]. - The call can be accessed via a live webcast on Archrock's website or by dialing specific phone numbers for U.S. and international participants [2]. - A replay of the webcast will be available for 90 days on Archrock's website after the call [2]. Group 2: Company Overview - Archrock is an energy infrastructure company focused on midstream natural gas compression, emphasizing safe and environmentally responsible operations [3]. - The company is headquartered in Houston, Texas, and is a leading provider of natural gas compression services in the U.S. [3]. - Archrock also offers aftermarket services to customers owning compression equipment [3].
Solaris Energy Infrastructure, Inc. (SEI) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-04-29 17:57
Solaris Energy Infrastructure, Inc. (NYSE:SEI) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Yvonne Fletcher - SVP of Finance and IR William Zartler - Chairman & CEO Kyle Ramachandran - President & CFO Conference Call Participants Stephen Gengaro - Stifel Derrick Whitfield - Texas Capital Derek Podhaizer - Piper Sandler Thomas Meric - Janney Montgomery Scott Jeff LeBlanc - Tudor, Pickering, Holt & Co. Don Crist - Johnson Rice Bobby Brooks - Northland Capital Markets Sean Mi ...
SEI LAWSUIT ALERT: Levi & Korsinsky Notifies Solaris Energy Infrastructure, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-04-29 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that the defendants made false statements regarding Mobile Energy Rentals LLC (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 misled investors about Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].
The Gross Law Firm Reminds Solaris Energy Infrastructure, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 27, 2025 – SEI
GlobeNewswire News Room· 2025-04-28 16:43
NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- 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=145090 ...
Phillips 66 Posts Wider-Than-Expected Q1 Loss on Lower Refining Volumes
ZACKS· 2025-04-25 18:20
Core Viewpoint - Phillips 66 reported a wider-than-expected adjusted loss in Q1 2025, with total revenues declining from the previous year, primarily due to lower refining volumes and margins [1][2]. Financial Performance - The adjusted loss per share was 90 cents, compared to a consensus estimate of a 77-cent loss, and a decline from earnings of $1.90 in the same quarter last year [1]. - Total quarterly revenues were $32 billion, exceeding the consensus estimate of $31 billion but down from $36 billion year-over-year [1]. Segmental Results - **Midstream**: Adjusted pre-tax earnings increased to $683 million from $613 million year-over-year, surpassing estimates due to higher margins and NGL transportation volumes [3]. - **Chemicals**: Adjusted pre-tax earnings fell to $113 million from $205 million in the prior-year quarter, missing estimates [4]. - **Refining**: Reported an adjusted pre-tax loss of $937 million, a significant decline from earnings of $313 million in the previous year, primarily due to lower refining volumes and higher turnaround costs [5]. - **Marketing & Specialties**: Adjusted pre-tax earnings decreased to $265 million from $307 million, but exceeded projections [7]. - **Renewable Fuels**: Reported an adjusted pre-tax loss of $185 million, worsening from a loss of $55 million in the prior-year quarter, impacted by changes in tax credits and weak international results [8]. Refining Margins - Realized refining margins dropped to $6.81 per barrel from $11.01 year-over-year, with declines noted across various regions including the Central Corridor and Gulf Coast [6]. Costs and Expenses - Total costs and expenses decreased to $31.1 billion from $35.5 billion in the previous year, better than projections [9]. Financial Condition - The company generated $187 million in net cash from operations, an improvement from a net cash outflow of $236 million in the prior year [10]. - Capital expenditures totaled $423 million, with dividends paid out amounting to $469 million [10]. - As of March 31, 2025, cash and cash equivalents stood at $1.5 billion, with total debt at $18.8 billion, reflecting a debt-to-capitalization ratio of 40% [10].