SAN DIEGO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Fermi Inc. (NASDAQ: FRMI): (a) common stock pursuant to the registration statement issued in connection with the Company's October 2025 initial public offering ("IPO"); or (b) securities between October 25, 2025 and December 11, 2025. Fermi purports to be an energy and artificial intelligence (“AI”) infrastructure company. For more informa ...

Core Insights - TC Energy reported a strong fourth quarter with comparable EBITDA growth of 13% year over year, reaching nearly CAD 3 billion, driven by high delivery records in pipeline businesses and a focus on safety and operational excellence [3][8] - The company anticipates continued growth in 2025, with a 9% year-over-year increase in comparable EBITDA attributed to improved operational execution and safety performance [4][5] Financial Performance - EBITDA for Mexico increased by CAD 163 million, a 70% increase year over year, due to the completion of the Southeast Gateway project [2] - U.S. Natural Gas EBITDA rose by CAD 188 million, primarily from a Columbia Gas settlement and higher realized earnings in the natural gas marketing business [2] - TC Energy's fourth-quarter results included a reaffirmation of 2026 guidance of CAD 11.6–11.8 billion and 2028 guidance of CAD 12.6–13.1 billion, alongside a 3.2% increase in dividends [8][22] Project Execution and Capital Management - The company placed CAD 8.3 billion of projects into service in 2025, over 15% under budget, and shifted CAD 500 million of capital into 2026 to optimize returns [7][10] - TC Energy has a growth pipeline of approximately CAD 8 billion in high-conviction pending approval projects and CAD 12 billion in origination, with significant interest in the Columbia Gas project [6][15] Strategic Positioning and Market Demand - The company expects North American natural gas demand to increase by 45 Bcf/d from 2025 to 2035, driven by LNG exports and rising power generation needs [17] - TC Energy serves seven LNG facilities, representing 30% of North American LNG feed gas, and is positioned near 60% of projected U.S. data center growth [18] Bruce Power and Future Outlook - Bruce Power's availability is targeted in the low-90% range for 2026, with each available unit generating approximately CAD 1 million per day in revenue [20] - The company is engaged in pre-FEED work for Bruce C, with federal funding supporting current activities and expectations of significant cash flow post-MCR program completion [21][22]

Core Viewpoint - Enbridge has reaffirmed its 2026 guidance, projecting adjusted EBITDA between CAD 20.2 billion and CAD 20.8 billion, and DCF per share of 570 to 610, driven by new asset service and cost-saving initiatives [1][7]. Financial Performance - The company reported record fourth-quarter and full-year results for 2025, with adjusted EBITDA increasing by CAD 83 million compared to Q4 2024, DCF rising by CAD 0.06, and earnings per share up by CAD 0.13 [2][4]. - Enbridge exceeded the midpoint of its 2025 guidance for both EBITDA and DCF per share, marking its 20th consecutive year of meeting or exceeding financial guidance [3][7]. Operational Highlights - Enbridge's assets were highly utilized, with the liquids mainline averaging 3.1 million barrels per day and record gas flows on key systems [5][12]. - The company advanced major projects, including the sanctioning of Mainline Optimization Phase 1, which will add 150,000 barrels per day of capacity [5][16]. Growth and Investment Strategy - Enbridge has a secured project backlog of CAD 39 billion through 2033 and increased its annual investment capacity to CAD 10–11 billion, with plans for CAD 40–45 billion in distributions over the next five years [6][9]. - The company anticipates achieving 5% growth through the end of the decade, supported by its secured growth capital [27]. Project Developments - Enbridge is advancing over 50 potential data center opportunities that could require up to 10 Bcf per day of natural gas, with initial project sanctioning expected in 2026 [20]. - The company has sanctioned renewable projects, including Cowboy Phase One and Easter Wind, to support data center operations, with total capital expenditures of $1.6 billion [25][26]. Capital Allocation - Enbridge is committed to equity self-funding and maintaining a debt-to-EBITDA ratio of 4.5 to 5.0 times, with a current ratio of 4.8 times at year-end [8][9]. - The sanctioned 2025 organic projects are expected to average an 11% return on capital employed [10].

Core Insights - PBF Energy Inc. reported a fourth-quarter 2025 adjusted earnings of 49 cents per share, surpassing the Zacks Consensus Estimate of a loss of 15 cents, and improving from a loss of $2.82 per share in the same quarter last year [1][8] - Total quarterly revenues decreased to $7.14 billion from $7.35 billion in the prior-year quarter, but still exceeded the Zacks Consensus Estimate of $6.98 billion [1] Financial Performance - The strong quarterly earnings were attributed to a higher refining margin per barrel of throughput and a reduction in total costs and expenses [2] - PBF Energy's operating income in the Refining segment was $205.7 million, a significant recovery from an operating loss of $362 million a year ago [3] - The Logistics segment generated a profit of $52.7 million, slightly up from $51.7 million in the prior-year quarter [3] Throughput and Margins - Crude oil and feedstock throughput volumes reached 888.9 thousand barrels per day (bpd), an increase from 862 thousand bpd a year ago, with the East Coast contributing 37.2% of the total throughput [4] - The company-wide gross refining margin per barrel of throughput was $11.16, significantly higher than $4.89 in the previous year, with notable increases across all regions [5] Costs and Expenses - Total costs and expenses for the quarter were $7 billion, down from $7.7 billion in the year-ago period, with cost of sales amounting to $7.3 billion [6] Capital Expenditure and Balance Sheet - PBF Energy invested $113.6 million in capital for refining operations and $3.1 million for logistics businesses, ending the quarter with cash and cash equivalents of $527.9 million [7] - The total debt stood at $2.15 billion, resulting in a total debt-to-capitalization ratio of 28% [7] Outlook - For the first quarter of 2026, PBF Energy expects throughput volumes on the East Coast to be between 280,000 bpd and 300,000 bpd, with similar estimates for other regions [9] - The company is also working to restore the full operational capability of the Martinez refinery within the year [9]

Core Insights - TC Energy Corporation has filed its Form 40-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission, in addition to filings with Canadian securities authorities [1] - The company is a leader in North American energy infrastructure, moving over 30% of the cleaner-burning natural gas used across the continent [3] Company Overview - TC Energy operates across Canada, the U.S., and Mexico, focusing on energy infrastructure and power generation [3] - The company emphasizes partnerships with communities and businesses to create long-term opportunities [4] - TC Energy's common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP [4] Financial Information - Shareholders can request a paper copy of the audited Consolidated Financial Statements for free by contacting the company [2][6] - The company has made its financial documents available on its website and through regulatory platforms [2]

Core Insights - Reju, a textile recycling firm owned by Technip Energies, plans to build a polyester recycling plant in southwest France to address fast fashion's waste problem [1] - The new plant aims to convert used textiles into new polyester fibers, with similar projects planned in the Netherlands and the United States [1] - The textile recycling industry is still in its early stages, facing high costs and challenges in scaling operations [1] Company Developments - Reju's new plant in Lacq is expected to target around 50,000 metric tons per year of recycled polyester, with investments estimated between 300 million and 400 million euros ($355-475 million) per site [1] - CEO Patrik Frisk emphasized the mission to transform textile waste into valuable resources, highlighting the need for sustainable practices in the industry [1] - Several brands are reportedly lined up to sign purchase agreements with Reju, indicating potential demand for recycled materials [1] Industry Context - The production of polyester, primarily derived from petrochemicals, has surged in recent years, driven by its low cost and durability [1] - Fast fashion retailers like H&M and Inditex are investing in textile-to-textile recycling startups to enhance sustainability and comply with stricter regulations [1] - Currently, 98% of recycled polyester is sourced from plastic bottles, which has drawn criticism for diverting materials from established recycling loops [1]

Core Insights - Genesis Energy reported fourth-quarter 2025 results that exceeded internal expectations, driven by growth in offshore volumes and a return to normalized performance in marine transportation [4] - The company anticipates a conservative outlook for 2026, factoring in expected offshore downtime and a heavier maintenance schedule for marine operations [6][8] Operational Performance - The Shenandoah floating production unit (FPU) operated at or near its target rate of 100,000 barrels per day from four phase one wells during the quarter [1] - The offshore pipeline transportation segment showed strong sequential growth, with segment margin and total volumes across the CHOPS and Poseidon systems increasing approximately 19% and 16%, respectively, compared to the previous quarter [2][3][7] Financial Highlights - Genesis exited 2025 with effectively zero revolver borrowings and raised the quarterly common distribution to $0.18, reflecting a 9.1% year-over-year increase [5][19] - The company repurchased $25 million of preferred units, demonstrating a disciplined approach to capital allocation [20] 2026 Guidance - Management expects 2026 adjusted EBITDA to be approximately ±15–20% versus a normalized range of $500–510 million, incorporating assumptions of 10 days of offshore downtime and a $5–10 million impact from marine dry-docking [6][9][10] - The company anticipates a stronger performance in 2027 based on current development plans [11] Offshore Projects and Development - At Salamanca, an additional well is scheduled for completion in Q2 2026, with total production expected to reach 50,000 to 60,000 barrels per day [12] - The Monument development at Shenandoah is expected to be completed by late 2026 or early 2027, potentially increasing total throughput to as much as 120,000 barrels per day [13] Market and Customer Dynamics - The Bureau of Ocean Energy Management's recent lease sale generated over $300 million in high bids for 181 tracts, with a significant portion located in the Central Gulf of Mexico, where Genesis has existing pipeline infrastructure [15] - The acquisition of LLOG by Harbour Energy is viewed positively, as Genesis moves approximately 70% of LLOG's operated production through its pipelines [22]

Group 1: Constellation Energy (CEG) - Constellation Energy is trading over 30% below its October records, despite being up 220% over the past three years, significantly outperforming the benchmark [1][4] - The company is positioned as a leader in the nuclear energy sector, with a strong outlook supported by a $27 billion acquisition of Calpine, enhancing its role in the AI energy landscape [8] - CEG's adjusted EPS is projected to grow by approximately 8% in 2025 and 22% in 2026, with a consistent dividend increase plan, raising dividends by 10% in 2025 after a 25% increase in 2024 [11][12] Group 2: Quanta Services (PWR) - Quanta Services has experienced a 75% increase in stock price over the past year, with a 24% year-to-date rise, driven by its involvement in the AI energy boom and grid expansion [3][16] - The company has doubled its revenue from $11.20 billion in 2020 to $23.67 billion in 2024, with a record backlog of $32.64 billion as of Q3 [22][23] - PWR is projected to grow its revenue by 18% in FY25 and 10% in 2026, reaching $30.84 billion, while also expanding its adjusted earnings by 18% and 17% respectively [24][27]

Core Insights - Antero Resources reported Q4 2025 adjusted earnings of 42 cents per share, missing the Zacks Consensus Estimate of 52 cents, and down from 58 cents in the same quarter last year [1][2][9] - Total revenues for the quarter were $1,412 million, exceeding the Zacks Consensus Estimate of $1,309 million, and up from $1,169 million year-over-year [1][3] Production Overview - Total production in Q4 was 323 billion cubic feet equivalent (Bcfe), an increase from 316 Bcfe a year ago, and above the estimate of 319 Bcfe [3] - Natural gas production accounted for 64% of total production, reaching 208 Bcf, a 6% increase from 196 Bcf year-over-year, slightly below the estimate of 210 Bcf [3] - Oil production decreased to 756 thousand barrels (MBbls), down 11% from 850 MBbls in the previous year, and below the estimate of 841 MBbls [4] - C2 Ethane production was 7,668 MBbls, a 10% decrease from 8,518 MBbls year-over-year, while C3+ NGLs production increased by 1% to 10,678 MBbls [4] Price Realizations - Weighted natural-gas-equivalent price realization was $3.97 per thousand cubic feet equivalent (Mcfe), up from $3.64 year-over-year [5] - Realized prices for natural gas rose 34% to $3.71 per Mcf from $2.77 a year ago [5] - Oil price realization was $45.99 per barrel (Bbl), down from $57.80 year-over-year [5] - Realized price for C3+ NGLs decreased to $35.41 per Bbl from $44.29, while C2 Ethane's realized price increased to $12.54 per Bbl from $10.31 [6] Operating Expenses - Total operating expenses rose to $1,122 million from $1,111 million in the previous year [7] - Average lease operating costs remained flat at 10 cents per Mcfe, while gathering and compression costs increased by 6% to 75 cents per Mcfe [7] - Transportation expenses rose 12% year-over-year to 67 cents per Mcfe, and processing costs increased by 6% to 90 cents per Mcfe [7] Capital Expenditures and Financials - Antero Resources spent $159 million on drilling and completion operations in Q4 [10] - As of December 31, 2025, the company had a long-term debt of $1.4 billion [10] Future Outlook - The company expects Q1 2026 production to average 3.8 Bcfe/d and net production for 2026 to be 4.1 Bcfe/d [11] - Drilling and completion capital for 2026 is projected to be $1 billion [11]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Investment Opportunity - A specific company is highlighted as a potential investment opportunity, possessing critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI data centers [3][7] - This company is not a chipmaker or cloud platform but is positioned to benefit significantly from the anticipated surge in electricity demand driven by AI technologies [3][6] Energy Demand and Infrastructure - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The company in focus is involved in nuclear energy infrastructure and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7][8] Financial Position - The company is noted for being debt-free and holding a substantial cash reserve, which is approximately one-third of its market capitalization, positioning it favorably compared to other energy firms burdened with debt [8] - It also has a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities in the AI sector [9] Market Trends - The current market environment is characterized by a push for onshoring and increased U.S. LNG exports, driven by political support for American energy independence [5][14] - The company is strategically positioned to capitalize on these trends, making it an attractive option for investors looking to engage with the evolving energy landscape [6][7] Valuation and Investor Interest - The stock is described as undervalued, trading at less than seven times earnings when excluding cash and investments, which is appealing for investors seeking value [10] - There is growing interest from hedge funds, indicating that this company is gaining attention as a hidden gem in the investment community [9][10]