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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].
SLB Misses on Q1 Earnings and Revenues Amid Weak Activity
ZACKS· 2025-04-25 15:26
Core Viewpoint - SLB reported weaker-than-expected earnings and revenues for the first quarter of 2025, primarily due to reduced drilling activity in key regions [1][2]. Financial Performance - Earnings per share (EPS) for Q1 2025 were 72 cents, missing the Zacks Consensus Estimate of 74 cents and down from 75 cents in the previous year [1]. - Total quarterly revenues were $8.49 billion, below the Zacks Consensus Estimate of $8.59 billion and down from $8.71 billion year-over-year [1]. Segmental Performance - **Digital & Integration**: Revenues increased by 6% year-over-year to $1,006 million, with pre-tax operating income rising 21% to $306 million, surpassing estimates [3][4]. - **Reservoir Performance**: Revenues decreased by 1% to $1.7 billion, with pre-tax operating income falling 17% to $282 million, missing estimates [5]. - **Well Construction**: Revenues fell 12% to $2.98 billion, with pre-tax operating income down 15% to $589 million, aligning closely with estimates [6]. - **Production Systems**: Revenues rose 4% to $2.94 billion, with pre-tax operating income improving 19% to $475 million, exceeding estimates [7]. Cash Flow & Financials - SLB reported free cash flow of $103 million for the first quarter [8]. - As of March 31, 2024, the company had approximately $3.89 billion in cash and short-term investments, with long-term debt at $10.53 billion [8]. Outlook - SLB maintained its full-year 2025 capital investment guidance at approximately $2.3 billion, lower than the 2024 level of $2.6 billion [9].
Levi & Korsinsky Notifies Solaris Energy Infrastructure, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SEI
Prnewswire· 2025-04-25 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 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].
Levi & Korsinsky Notifies Shareholders of Solaris Energy Infrastructure, Inc.(SEI) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-04-24 16:29
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- 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 me ...