Helix Energy Solutions Group (HLX) Q1 2025 Earnings Call April 24, 2025 10:00 AM ET Company Participants Brent Arriaga - Vice President - Finance & Accounting and Chief Accounting OfficerKen Neikirk - Executive Vice President, General Counsel and Corporate SecretaryOwen Kratz - President & CEOScotty Sparks - Executive Vice President and Chief Operating OfficerErik Staffeldt - EVP & CFODavid Smith - DirectorGregory Lewis - Managing Director Conference Call Participants Jim Rollyson - Director & Equity Resear ...

Group 1 - The Zacks Rank emphasizes earnings estimates and revisions to identify strong stocks, while also considering value, growth, and momentum trends [1] - Value investing is a popular strategy that relies on traditional analysis of key valuation metrics to find undervalued stocks [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category [3] Group 2 - Helix Energy Solutions Group (HLX) has a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating it is a strong value stock [4] - HLX's P/E ratio is 8.33, significantly lower than the industry average P/E of 10.90, suggesting it may be undervalued [4] - The P/B ratio for HLX is 0.64, compared to the industry's average P/B of 1.73, further indicating attractive valuation [5] - HLX's P/CF ratio is 5.03, which is lower than the industry's average P/CF of 5.87, suggesting solid cash outlook [6] - These valuation metrics indicate that HLX is likely undervalued and has a strong earnings outlook, making it an impressive value stock [7]

Core Insights - Two stocks are highlighted for investors: ENGIE - Sponsored ADR and AerSale, both with strong buy rankings and positive momentum characteristics [1][3] Company Summaries ENGIE - Sponsored ADR - ENGIE operates in the power, natural gas, and energy services sectors, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for ENGIE's current year earnings has increased by 10.6% over the last 60 days [1] - ENGIE's shares have gained 24.8% over the last three months, contrasting with the S&P 500's decline of 14.3% [2] - The company has a Momentum Score of A [2] AerSale - AerSale provides integrated, diversified aviation aftermarket products and services aimed at helping aircraft owners and operators save on operation, maintenance, and monetization [3] - AerSale also holds a Zacks Rank 1 (Strong Buy), with the Zacks Consensus Estimate for its current year earnings increasing by 62.5% over the last 60 days [3] - The company's shares have gained 11.1% over the last three months, while the S&P 500 has declined by 14.3% [4] - AerSale has a Momentum Score of B [4]

Core Viewpoint - Energy Services of America Corporation (NASDAQ: ESOA) recently reported its Q1 '25 earnings, prompting an analysis of its performance over the past year, highlighting both positive and negative aspects of the company's operations [1]. Financial Performance - The company’s Q1 '25 earnings report serves as a basis for evaluating its financial health and operational efficiency over the last year [1]. Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a diversified portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Financial Data and Key Metrics Changes - Consolidated gross profit for Q4 2024 was $21.6 million, flat compared to Q4 2023. For fiscal 2024, gross profit was $79.8 million, up from $76.7 million in fiscal 2023 [30] - Adjusted EBITDA for Q4 2024 was $6.3 million, down from $8.9 million in Q4 2023. For fiscal 2024, adjusted EBITDA was $25.9 million, compared to $26.6 million in fiscal 2023 [31] - Adjusted EPS for fiscal 2024 was $2.03, slightly down from $2.04 in fiscal 2023 [31] Business Line Data and Key Metrics Changes - In Engineering, Q4 2024 gross profit was $5.2 million, down from $6.1 million in Q4 2023. Fiscal 2024 gross profit was $22.5 million, up from $20.6 million in fiscal 2023 [35] - In IT, Life Sciences, and Data Solutions, Q4 2024 gross profit was $3.9 million, down from $4.5 million in Q4 2023. Fiscal 2024 gross profit was $14.7 million, down from $16.2 million in fiscal 2023 [36] - In Health Care, Q4 2024 gross profit was $12.5 million, up from $11.0 million in Q4 2023. Fiscal 2024 gross profit was $42.5 million, compared to $39.9 million in fiscal 2023 [37] Market Data and Key Metrics Changes - School revenue for Q4 2024 was $34.9 million, compared to $29.8 million in Q4 2023. Non-School revenue for Q4 2024 was $6.2 million, down from $6.9 million in Q4 2023 [38] - Days Sales Outstanding (DSOs) improved from 114 in Q3 2023 to 92 in Q4 2024 [39] Company Strategy and Development Direction - The company aims for smart growth, operational excellence, and delivering unparalleled service to clients as it moves into 2025 [11] - The focus on behavioral health services in schools is a key growth driver, addressing the mental health crisis among students [9] - The company is transitioning to AI and ML tools in its IT services, indicating a shift in primary markets [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, citing a strong employee base and strategic positioning for success despite macroeconomic uncertainties [6] - The company aims for double-digit growth in adjusted EBITDA for each quarter in 2025, viewing any failure to meet this as a disappointing outcome [73] Other Important Information - The company faced several material expenses in Q4 2024, including a canceled industrial process equipment order and high medical costs, which negatively impacted gross profit [32][33] - A class action lawsuit settlement added approximately $450,000 in SG&A expenses [33] Q&A Session Summary Question: Was any of the extra costs realized in the tax rate? - The tax rate for Q4 was influenced by the overall effective tax rate for the year, which was 34.0%, considered high and abnormal [45][46] Question: What is the normal tax rate range? - The normal tax rate range is expected to be between 26% to 29% [48][49] Question: Can you elaborate on the specific costs in Engineering? - The $900,000 reduction in gross profit was due to a canceled order and significant rework on a project, both resulting in lower revenue [52][56] Question: Did the canceled order relate to any political factors? - No, the canceled order was due to nuances with a particular client, not political factors [62] Question: Is there any impact from DOGE or related headlines? - There is no direct impact from DOGE on the company, although general IT environment changes could occur [66][70] Question: What is the growth expectation for adjusted EBITDA? - The company aims for low double-digit growth in adjusted EBITDA every quarter in 2025 [73]

Company Overview - Energy Services of America Corporation (NASDAQ: ESOA) is headquartered in Huntington, WV, and operates primarily in the mid-Atlantic and Central regions of the United States [2] - The company provides services to various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [2] - Energy Services employs over 1,300 employees regularly, emphasizing core values of safety, quality, and production [2] Upcoming Events - Management will host one-on-one investor meetings as part of the 37th Annual ROTH Conference on March 17, 2025 [1] - Interested investors can contact their ROTH representative or submit a request to schedule a meeting [1]

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Q4 2024 Earnings Conference Call March 7, 2025 11:00 AM ET Company Participants Rick Black - Investor Relations Phil Lancaster - Chief Executive Officer Mark Layton - Chief Financial Officer Operator Greetings, and welcome to the Mammoth Energy Services 2024 fourth quarter and full year results. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being record ...

Core Insights - Pembina Pipeline Corporation (PBA) reported fourth-quarter 2024 earnings per share of 66 cents, exceeding the Zacks Consensus Estimate of 59 cents, driven by strong performance in facilities and marketing & new ventures segments [1][2] - The company's quarterly revenues of $1.5 billion decreased by approximately 15.4% year over year, missing the Zacks Consensus Estimate of $1.8 billion [3] - Operating cash flow increased by 2.5% to C$902 million, while adjusted EBITDA reached a record C$1,254 million compared to C$1,033 million in the prior-year period [3] Financial Performance - PBA's facilities volume for the fourth quarter was 877 thousand barrels of oil equivalent per day (mboe/d), surpassing the consensus mark of 860 mboe/d [1][3] - Earnings from the pipelines segment decreased by about 21% year over year to C$534 million, attributed to the reversal of a previous impairment related to the Nipisi Pipeline [6] - Facilities segment earnings increased by 24% year over year to C$177 million, driven by unrealized gains on interest rate derivative financial instruments [7] - Marketing & New Ventures segment earnings rose by 20% year over year to C$245 million, also benefiting from unrealized gains on interest rate derivative financial instruments [8] Volume and Sales - Total volumes for the fourth quarter reached 4,016 mboe/d, up from 3,752 mboe/d in the prior-year quarter [3] - Natural gas liquids (NGL) sales volumes totaled 252 mboe/d, reflecting a 16% increase compared to the year-ago quarter, supported by higher sales of ethane, propane, and butane [9] Capital Expenditure and Balance Sheet - Pembina's capital expenditure for the quarter was C$242 million, an increase from C$177 million a year ago [11] - As of December 31, 2024, the company had cash and cash equivalents of C$141 million and long-term debt of C$10.5 billion, with a debt-to-capitalization ratio of 37.6% [11] Future Guidance - For 2025, Pembina expects adjusted EBITDA to be in the range of C$4.2 billion to C$4.5 billion and aims to maintain a debt-to-adjusted EBITDA ratio between 3.3 and 3.6 times [12]

Core Insights - Cordia has completed the acquisition of Duquesne University's plant distribution system assets for $50 million, enhancing their long-term partnership [1][2] - The acquisition includes a 35-year energy service agreement, allowing Cordia to provide energy services to the University [1][2] - This transaction builds on a previous acquisition in 2019, where Cordia acquired Duquesne's district energy cogeneration utility plant for $102 million [2] Company and Industry Developments - The interconnection of Duquesne's district energy system with Cordia's Uptown district energy system has improved operational efficiency and redundancy, ensuring uninterrupted service [3] - The partnership has enabled the monetization of excess steam capacity from Duquesne's campus plant, generating additional economic value for the University [3] - In 2022, Cordia and Duquesne expanded their partnership through a steam line interconnection agreement, facilitating steam delivery to multiple buildings in downtown Pittsburgh [4] Commitment to Sustainability - Cordia emphasizes its commitment to providing reliable, sustainable, and efficient energy solutions, supporting Pittsburgh's energy infrastructure and community sustainability goals [5] - Cordia serves over 700 customers across the U.S. with heating, cooling, and electricity, aiming for a more resilient and sustainable energy future [5]

Group 1 - SAIHEAT Limited, formerly known as SAI.TECH Global Corporation, announced the adoption of all shareholder proposals at its extraordinary general meeting held on February 26, 2025 [1][3] - The company provides integrated energy services specifically for next-generation data centers, focusing on thermal and power modules [2][3] Group 2 - SAIHEAT's thermal module, HEATWIT, offers solutions for data center liquid cooling and computing heat recycling [2] - The power module, HEATNUC, is aimed at global power resource development and modular nuclear power joint development [2]