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ExxonMobil Announces Third-Quarter 2025 Results
Businesswire· 2025-10-31 10:30
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Results Summary Oct 31, 2025 6:30 AM Eastern Daylight Time ExxonMobil Announces Third-Quarter 2025 Results Share Assuming dilution. Based on comparison to periods within the last 10 years, when actual historical Brent ranged from $65/bbl to $75/bbl. Expand | | | Change | | | | Change | | --- | --- | --- | --- | --- | --- | --- | | | | | Dollars in millions (except per share data) | YTD | YTD | vs YTD | | 3Q25 | 2Q25 | vs | | | | | | | | | | ...
Flowco Holdings Inc. Declares Quarterly Cash Dividend
Businesswire· 2025-10-31 10:00
Core Points - Flowco Holdings Inc. has declared a quarterly cash dividend of $0.08 per share of Class A common stock, payable on November 26, 2025, to stockholders of record as of November 14, 2025 [1] - The company intends to continue paying regular quarterly cash dividends, but future declarations will depend on various factors including operational results, cash flows, and financial position [2] - Flowco is a leading provider of production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry, offering a full range of equipment and technology solutions [3] Company Information - Flowco Holdings Inc. is headquartered in Houston, Texas, and trades on the NYSE under the ticker symbol "FLOC" [5][10] - The company has over 1,200 employees and is involved in the energy sector, specifically focusing on oil and gas [5][10] - Flowco will report its third quarter 2025 financial results on November 5, 2025, and will participate in the Barclays 2025 CEO Energy-Power Conference on September 3, 2025 [5][6] Stock Listing - Flowco has announced a dual listing of its Class A common stock on NYSE Texas, maintaining its primary listing on the New York Stock Exchange [9]
NextDecade Provides Third Quarter 2025 Business Update
Businesswire· 2025-10-30 21:10
Oct 30, 2025 5:10 PM Eastern Daylight Time NextDecade Provides Third Quarter 2025 Business Update Share HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2025 and early fourth quarter 2025. CEO Commentary "The last few months have been transformative for NextDecade, as we completed financing and achieved positive Final Investment Decisions (FIDs) on Rio Grande LNG Train 4 and Tr ...
Cactus Announces Third Quarter 2025 Results
Businesswire· 2025-10-29 21:30
Core Insights - Cactus, Inc. reported third quarter 2025 financial results, showing a decline in revenues but improved operating income margins due to cost control measures and lower legal expenses [1][3][4]. Financial Summary - Revenues for Q3 2025 were $263.954 million, down from $273.575 million in Q2 2025 and $293.181 million in Q3 2024 [3][5]. - Operating income increased to $61.234 million, compared to $60.805 million in Q2 2025 and $76.792 million in Q3 2024, with an operating income margin of 23.2% [3][5]. - Net income was $50.188 million, slightly up from $49.047 million in Q2 2025 but down from $62.437 million in Q3 2024, resulting in a net income margin of 19.0% [3][5]. - Adjusted net income was $53.719 million, with an adjusted net income margin of 20.4% [3][5]. - Adjusted EBITDA was $86.943 million, with an adjusted EBITDA margin of 32.9% [3][5]. Segment Performance Pressure Control - Pressure Control revenue decreased by $11.1 million, or 6.2%, sequentially, primarily due to lower sales of wellhead and production-related equipment [8]. - Operating income increased by $2.2 million, or 5.2%, with margins improving by 290 basis points due to cost reduction initiatives [8]. Spoolable Technologies - Spoolable Technologies revenues decreased by $1.0 million, or 1.0%, sequentially, attributed to lower domestic activity levels, although international sales were strong [9]. - Operating income decreased by $2.2 million, or 8.0%, with margins declining by 210 basis points [9]. Corporate and Other Expenses - Corporate and Other expenses declined by $0.5 million sequentially, primarily due to lower transaction and integration expenses related to the acquisition of Baker Hughes' Surface Pressure Control business [10]. Liquidity and Capital Expenditures - As of September 30, 2025, the company had $445.6 million in cash and cash equivalents, with no bank debt outstanding [11]. - Net capital expenditures for Q3 2025 were $8.2 million, with expectations for full-year capital expenditures in the range of $40 to $45 million [12]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.14 per Class A share, payable on December 18, 2025 [14].
Gregory C. Garland Named to ExxonMobil Board of Directors
Businesswire· 2025-10-29 21:00
Oct 29, 2025 5:00 PM Eastern Daylight Time Gregory C. Garland Named to ExxonMobil Board of Directors Share SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) announced today that Gregory C. Garland has been elected to its board of directors, effective November 3, 2025. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs. The corporation's primary bus ...
Murphy USA Inc. Announces CEO Transition and Reaffirms Capital Allocation Strategy
Businesswire· 2025-10-29 20:31
Oct 29, 2025 4:31 PM Eastern Daylight Time Murphy USA Inc. Announces CEO Transition and Reaffirms Capital Allocation Strategy Share Appoints Mindy K. West as President and Chief Operating Officer Immediately; Ms. West will succeed Andrew Clyde Who is Set to Retire December 31, 2025 After 13 Years as Chief Executive Officer 'Mindy's proven leadership and deep expertise in our business and industry make her uniquely qualified to guide Murphy USA into its next chapter.' Share In addition, the Board also reaffi ...
Valaris Reports Third Quarter 2025 Results
Businesswire· 2025-10-29 20:15
President and Chief Executive Officer Anton Dibowitz said, "The Valaris team continues to deliver safe and efficient operations, which led to another quarter of strong financial results. We also continue to execute our commercial strategy having recently secured an attractive contract for VALARIS DS-12 with bp offshore Egypt. With this award, all four of our active drillships with near-term availability are now contracted for work beginning next year.†Dibowitz added, "Despite near-term commodity price unc ...
Valero Energy Corporation Announces CFO Transition
Businesswire· 2025-10-29 10:38
Oct 29, 2025 6:38 AM Eastern Daylight Time Valero Energy Corporation Announces CFO Transition Share Jason Fraser to Retire as CFO December 31 Homer Bhullar to Assume CFO Position SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, "Valero†) announced today that Homer Bhullar, who has served as Valero's Vice President-Investor Relations and Finance since April 29, 2021, has been appointed by Valero's Board of Directors to serve as Senior Vice President and Chief Financial Officer, effective ...
Aramco and Yokogawa Achieve a Major Milestone with Commissioning of Multiple Autonomous Control AI Agents at Major Gas Facility
Businesswire· 2025-10-29 02:00
Core Insights - Yokogawa Electric Corporation has successfully deployed multiple autonomous control AI agents at Aramco's Fadhili Gas Plant, marking a significant advancement in industrial AI solutions aimed at optimizing operational efficiency [1][4]. Technology Implementation - The AI solution utilizes multiple coordinated AI agents based on the Factorial Kernel Dynamic Policy Programming (FKDPP) reinforcement learning algorithm to autonomously control and optimize acid gas removal operations [2][6]. - The deployment was executed in three phases, progressively optimizing different sections until achieving autonomous control of the core process in the acid gas removal unit [3]. Performance Outcomes - Initial results from the Fadhili Gas Plant indicate a reduction of 10% to 15% in amine and steam usage, approximately 5% reduction in power usage, improved process stability, and a notable decrease in manual operator intervention despite changes in ambient conditions [4]. Strategic Vision - Aramco's senior leadership emphasizes the company's commitment to leveraging industrial AI applications to enhance efficiency, sustainability, and shareholder value, positioning itself as a technology leader in the energy sector [5]. - Yokogawa's leadership expresses pride in being entrusted with this groundbreaking technology and highlights the transition from industrial automation to industrial autonomy as a key focus for future developments [5][6].
Luxfer Reports Strong Profitablity and Cash Generation in Third Quarter
Businesswire· 2025-10-28 20:30
Core Insights - Luxfer Holdings PLC reported strong profitability and cash generation in the third quarter of 2025, driven by continued demand in defense and aerospace sectors [1][2]. Financial Performance - Net sales decreased by 6.5% to $92.9 million from $99.4 million, while adjusted net sales increased by 1.6% [4]. - Net income was $2.5 million, or $0.09 per diluted share, compared to $12.6 million and $0.47 per diluted share in the prior year [4]. - Adjusted EBITDA rose by 0.7% to $13.6 million, with adjusted diluted EPS increasing by 11.1% to $0.30 from $0.27 [4]. - The company generated strong free cash flow of $10.3 million, reducing net debt to $37.3 million [4]. Strategic Focus - Luxfer sharpened its focus on core and high-value markets following the completion of the Graphic Arts sale [4]. - The company announced the establishment of a Powders Center of Excellence within Elektron, expected to enhance growth and deliver approximately $2 million in annual savings [4]. Guidance - Luxfer raised its full-year 2025 guidance to an adjusted EPS of $1.04 to $1.08, with adjusted EBITDA projected between $50 million and $51 million [4].