Core Insights - The company reported sequential and year-over-year revenue growth for Q2 2025, with Treatment Segment revenue increasing by approximately 37% compared to the same period last year [2][6] - Waste receipts more than doubled in Q2 2025, reaching approximately 14 million, which is expected to contribute to a strong backlog for the remainder of 2025 [3] - The company is optimistic about its long-term growth strategy, particularly in scaling its PFAS destruction platform and has begun construction of a next-generation system [5][6] Financial Performance - Revenue for Q2 2025 was approximately $14.6 million, up from approximately $14.0 million in Q2 2024, driven entirely by the Treatment Segment, which saw revenue rise to $11.4 million from $8.4 million [6][19] - The Services Segment revenue decreased to $3.2 million from $5.6 million, attributed to project delays and procurement issues [6][19] - Gross profit for Q2 2025 was $1.5 million, compared to a gross loss of $1.3 million in Q2 2024, with gross margin improving to 13.7% from (14.3%) in the Treatment Segment [7][19] Operational Highlights - The company faced technical challenges that limited production early in Q2 2025 but believes these issues have been resolved through automation and process enhancements [2] - The Services Segment is seeing renewed momentum, highlighted by being awarded a position on the Navy's RADMAC III IDIQ contract, which aligns with the company's core competencies [4] - The company continues to focus on cost discipline and margin improvement, positioning itself for better results in the second half of 2025 [6]

Core Viewpoint - Perma-Fix Environmental Services, Inc. will host a conference call on August 7, 2025, to discuss company updates and performance [1]. Company Information - Perma-Fix Environmental Services, Inc. is a nuclear services company specializing in nuclear and mixed waste management services, catering to hospitals, research labs, federal agencies, and the commercial nuclear industry [4]. - The company provides a range of services including project management, waste management, environmental restoration, decontamination and decommissioning, and radiological protection [4]. - Perma-Fix operates four nuclear waste treatment facilities and offers services at various Department of Energy (DOE), Department of Defense (DOD), and commercial facilities across the United States [4]. Conference Call Details - The conference call will be led by key executives including the CEO, Executive Vice President of Strategic Initiatives, and Chief Financial Officer [2]. - A webcast of the call will be available on the company's website, and a telephone replay will be accessible for a limited time after the call [3].

Financial Data and Key Metrics Changes - The company reported funds from operations (FFO) of $371 million or $0.56 per unit, representing a 10% year-over-year increase driven by strong hydro generation and growth initiatives [16] - FFO per unit is expected to continue growing at a target rate of over 10% for the year [6] - The company ended the quarter with $4.7 billion of available liquidity, indicating strong financial flexibility [18] Business Line Data and Key Metrics Changes - The hydroelectric segment saw FFO increase by over 50% from the prior year, attributed to strong performance from U.S. and Colombian fleets [16] - The Distributed Energy, Storage, and Sustainable Solutions segments delivered FFO growth of almost 40% year-over-year, driven by Westinghouse's performance in the nuclear sector [18] - Wind and solar segments experienced flat FFO compared to the prior year due to asset dispositions and gains from the previous year [17] Market Data and Key Metrics Changes - The company has commissioned 2.1 gigawatts of new renewable energy capacity in the quarter and anticipates bringing on approximately 8 gigawatts in 2025, a record for the business [7] - The company is witnessing a significant supply-demand imbalance for energy across its operational regions, necessitating substantial expansion in energy generation [5] Company Strategy and Development Direction - The company is focusing on a safe harboring strategy to secure tax credit eligibility for nearly all U.S. projects through 2029 [5] - The company aims to deepen relationships with large power buyers, leveraging its diversified portfolio across hydro, wind, solar, nuclear, and battery storage [8] - The company is actively pursuing M&A opportunities to enhance its hydro capabilities and meet growing energy demand [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the robust demand for power, which is expected to drive the development of all forms of energy [8] - The company is well-positioned to meet exponential energy demand with a pipeline of over 230 gigawatts of projects, including significant battery storage solutions [6] - Management highlighted the increasing sophistication of large tech companies in seeking baseload power solutions, indicating a shift in procurement strategies [30] Other Important Information - The company successfully executed its largest project financing, raising EUR 6.3 billion for an offshore wind development project in Poland [19] - The company is committed to delivering long-term total returns of 12% to 15% for investors while maintaining disciplined capital allocation [20] Q&A Session Summary Question: Can you accelerate the pace of development in light of recent capacity auction results? - Management indicated that the supply-demand imbalance is a persistent issue and they are pulling forward projects as quickly as possible while leveraging M&A capabilities and partnerships with large power buyers [23][25] Question: What is the hydro M&A environment in the U.S.? - Management noted that the hydro market is becoming more liquid and they are positioned to pursue opportunities that fit their framework agreements with confidence [36][37] Question: How are discussions with tech companies changing regarding new facilities? - Management observed an increased appetite for diverse energy solutions beyond wind and solar, with a focus on integrated relationships that span multiple energy sources [77][78] Question: What are the key milestones for nuclear development? - Management highlighted the U.S. government's intention to start construction on 10 new reactors by the end of the decade, positioning Westinghouse as a key player in this initiative [70][73]

Financial Data and Key Metrics Changes - The company reported funds from operations (FFO) of $371 million or $0.56 per unit, representing a 10% year-over-year increase driven by strong hydro generation and growth initiatives [18][20] - FFO per unit is expected to continue growing at a target rate of over 10% for the year [8] - The company has $4.7 billion of available liquidity, indicating strong financial flexibility [20] Business Line Data and Key Metrics Changes - The hydroelectric segment saw FFO increase by over 50% year-over-year, attributed to strong performance from U.S. and Colombian fleets [18][19] - The Distributed Energy, Storage, and Sustainable Solutions segments delivered nearly 40% year-over-year FFO growth, driven by Westinghouse's performance in the nuclear sector [20] - Wind and solar segments reported flat FFO compared to the prior year due to asset dispositions and gains from the previous year [19] Market Data and Key Metrics Changes - The company has commissioned 2.1 gigawatts of new renewable energy capacity in the quarter and anticipates bringing on approximately 8 gigawatts in 2025, a record for the business [8][9] - The company is experiencing a significant supply-demand imbalance for energy across its operating regions, necessitating substantial expansion of energy generation [7] Company Strategy and Development Direction - The company is focusing on a safe harboring strategy to secure tax credit eligibility for nearly all U.S. projects through 2029 [6][39] - The recent Hydro Framework Agreement with Google aims to deliver up to 3 gigawatts of hydroelectric capacity, reflecting a shift in procurement strategies among large tech companies [11][12] - The company is actively investing in critical technologies, including hydro, nuclear, and battery storage, to support growing energy demand and grid reliability [13][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate changes in tax credit eligibility and maintain development margins [37][39] - The outlook for the business remains robust, driven by strong demand for power and the need for diverse energy solutions [9][20] - Management highlighted the increasing sophistication of large tech companies in their energy procurement strategies, emphasizing the importance of long-term partnerships [79] Other Important Information - The company has successfully completed $19 billion of financings year-to-date, optimizing its capital structure and extending maturities [21][23] - The company is well-positioned to benefit from the growing nuclear capacity in the U.S. and globally, with Westinghouse playing a leadership role [70][74] Q&A Session Summary Question: Can the company accelerate development in light of recent capacity auction results? - Management noted that the supply-demand imbalance is evident and they are pulling projects forward as quickly as possible while leveraging M&A capabilities and partnerships with large power buyers [26][28] Question: What is the outlook for the hydro M&A environment in the U.S.? - Management indicated that the hydro market is becoming more liquid, and they are well-positioned to pursue opportunities that fit their framework agreements [40][41] Question: How is the company adapting to challenges in the U.S. market? - Management emphasized the importance of interconnection speed in development activities and has been prioritizing regions with better connection capabilities [46][48] Question: What are the key milestones for nuclear development in the Westinghouse business? - Management highlighted the focus on new build nuclear projects in the U.S. and Europe, with significant government interest in expanding nuclear capacity [72][74] Question: How have discussions with tech companies changed regarding new facilities? - Management noted an increased appetite for diverse energy solutions beyond wind and solar, with a focus on broader relationships with tech companies [78][79]

Core Viewpoint - Perma-Fix Environmental Services, Inc. will host a conference call on May 8, 2025, to discuss company updates and performance [1]. Company Information - Perma-Fix Environmental Services, Inc. is a nuclear services company specializing in nuclear and mixed waste management services, catering to hospitals, research labs, federal agencies, and the commercial nuclear industry [4]. - The company provides a range of services including project management, waste management, environmental restoration, decontamination and decommissioning, and radiological protection [4]. - Perma-Fix operates four nuclear waste treatment facilities and offers services at various Department of Energy (DOE), Department of Defense (DOD), and commercial facilities across the United States [4]. Conference Call Details - The conference call will be accessible via telephone for U.S. callers at 888-506-0062 and for international callers at +1 973-528-0011, with an access code of 146674 [2]. - A webcast of the call can be accessed through the company's investor section on their website [2]. - An archived version of the webcast will be available on the company's website, and a telephone replay will be accessible until May 15, 2025, using the numbers 877-481-4010 for U.S. callers and +1 919-882-2331 for international callers, with access code 52435 [3].