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Phillips 66 to announce third-quarter financial results
Businesswire· 2025-09-17 20:30
Core Viewpoint - Phillips 66 will announce its third-quarter financial results for 2025 during a webcast scheduled for October 29, 2025 [1][8]. Company Overview - Phillips 66 is a leading integrated downstream energy provider, involved in manufacturing, transporting, and marketing energy products that support the global economy [3]. - The company's business segments include Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels [3]. - Headquartered in Houston, Texas, Phillips 66 employs approximately 12,900 individuals globally [4][3]. Webcast Details - The webcast will take place at noon ET on October 29, 2025, and will discuss the financial results released earlier that day [1]. - A replay of the webcast will be available approximately two hours after the event, with a transcript to follow at a later date [2].
Mesa Royalty Trust Announces Trust Income for September 2025
Businesswire· 2025-09-16 20:20
Core Viewpoint - Mesa Royalty Trust announced its income distribution for September 2025, with unitholders receiving $0.001723157 per unit, payable on October 31, 2025, primarily from its San Juan Basin properties operated by Hilcorp San Juan LP [1][2]. Group 1: Trust Income Distribution - The Trust's income for September 2025 totaled $20,029, all derived from the New Mexico portion of its San Juan Basin properties [1]. - After administrative expenses, the distributable net profits amounted to $3,211 for the month [1]. - The distribution amount is subject to fluctuation based on production, oil and natural gas prices, and administrative expenses [2]. Group 2: Trust Structure and Operations - Mesa Royalty Trust holds an overriding royalty interest in oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado [2]. - Monthly distributions are expected to be materially reduced until the Trust increases its cash reserves to $2.0 million for added liquidity [2]. Group 3: Future Projections and Risks - Proceeds reported by working interest owners may not be indicative of future net proceeds for the Trust [3]. - Accumulated excess production costs may lead to reduced distributions or no distributions in certain periods [3]. - The Trust's ability to pay distributions is directly affected by industry volatility and reported revenues and expenses from working interest owners [3].
Kolibri Global Energy Inc. Announces Corporate Update
Businesswire· 2025-09-15 10:45
Corporate Update - Kolibri Global Energy Inc. is providing updates on upcoming investor conferences and its Normal Course Issuer Bid [1] - The company has repurchased 267,637 common shares at an average price of US$6.38 per share in 2025 [4] Investor Conferences - Mr. Regener will present at the Sidoti September Virtual Investor Conference on September 18, 2025, at 3:15 PM Eastern Time [2] - Mr. Regener is also scheduled to present at the Lytham Partners Investor Conference on September 30, 2025, at 12:30 PM ET [3] Operations Update - The initial thirty-day average production rates for the Lovina wells in Oklahoma are as follows: Lovina 9-16-1H at 565 BOEPD, Lovina 9-16-2H at 629 BOEPD, and Lovina 9-16-3H at 510 BOEPD [8] - Average production for the second quarter of 2025 was 3,220 BOEPD, a 3% increase from 3,128 BOEPD in the second quarter of 2024 [9]
New Fortress Energy Announces Second Quarter 2025 Results
Businesswire· 2025-09-05 23:46
Core Insights - New Fortress Energy Inc. reported a net loss of $557 million for the second quarter of 2025, with significant non-cash impairments of assets and goodwill totaling $699 million [4][24] - The company is exploring strategic alternatives to improve its capital structure, including asset sales and capital raising, with the assistance of financial and legal advisors [2][4] - Adjusted EBITDA for the second quarter of 2025 was $(4) million, a decline from previous quarters, indicating operational challenges [4][19] Financial Performance - Total revenues for the second quarter of 2025 were $301.7 million, a decrease from $470.5 million in the first quarter of 2025 [5][26] - The company reported an EPS of $(2.02) on a fully diluted basis for the second quarter of 2025 [4][24] - The total cash balance as of June 30, 2025, was $821 million, with $551 million being unrestricted [4][24] Operational Developments - New Fortress Energy is in negotiations for a long-term gas sale agreement with PREPA to provide gas across Puerto Rico, extending the current agreement on a weekly basis [4][24] - The commissioning of the 624 MW CELBA plant has begun, with expectations for it to be operational by the end of the year [4][24] - The company has made significant progress on the PortoCem power plant in Brazil, which is over 70% complete and fully funded [4][24] Strategic Initiatives - The company has retained Houlihan Lokey Capital, Inc. and Skadden, Arps, Slate, Meagher & Flom LLP to assist in evaluating strategic alternatives [2][4] - Discussions are ongoing with various stakeholders and potential investors to explore options for improving liquidity and capital structure [2][4] - New Fortress Energy is optimistic about upcoming power auctions in Brazil, which could be larger than initially expected, potentially reaching 15 GW [4][24]