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Smartkem and Jericho Energy Ventures Extend Letter Of Intent for Proposed All-Stock Merger to Form U.S.-Owned, AI-Focused Infrastructure Company
Prnewswire· 2025-11-20 21:10
Accessibility StatementSkip Navigation Proposed all-stock transaction aims to align JEV's scalable energy platform with Smartkem's semiconductor innovations to power next generation AI data centers Anthony Amato, Strategic Advisor to Smartkem "This extension indicates the significant potential that both parties see in combining the complementary capabilities of JEV's energy platform with Smartkem's semiconductor technology to meet the power and performance needs of next-generation AI infrastructure." The LO ...
Calumet to Attend T.D. Cowen Conference
Prnewswire· 2025-11-11 12:00
Group 1 - Calumet, Inc. plans to attend the T.D. Cowen 2nd Annual Energy Conference in New York on November 18, 2025, and will hold one-on-one investor meetings throughout the day [1] - Calumet, Inc. manufactures, formulates, and markets a diversified range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [2] - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [2] Group 2 - Calumet, Inc. also announced plans to attend the Bank of America Global Energy Conference in Houston [3] - The company reported its results for the third quarter ended September 30, 2025 [4]
Nabors Comments on Upgrades to Credit Ratings
Prnewswire· 2025-11-04 23:41
Core Insights - Nabors Industries Ltd. has received credit rating upgrades from two major agencies, reflecting the company's efforts to improve its balance sheet and reduce debt [1][4]. Group 1: Credit Ratings Actions - S&P Global Ratings upgraded Nabors' issuer credit rating to 'B' from 'B-' with a stable outlook and assigned a 'B+' rating to the recently issued Senior Priority Guaranteed Notes (SPGN) [4]. - Fitch Ratings also upgraded Nabors' Long Term Issuer Default Rating to 'B' from 'B-' with a stable outlook and assigned a 'BB-' rating to the recently issued SPGN [4]. - Moody's Investors Service assigned a rating of 'Ba3' to Nabors' recent SPGN issue, consistent with its rating on existing SPGN [4]. Group 2: Company Performance and Strategy - The company has made significant progress in deleveraging and strengthening its balance sheet, which has been recognized by credit rating agencies [2]. - Nabors aims to leverage its core competencies in drilling, engineering, automation, data science, and manufacturing to innovate in the energy sector and support the transition to a lower-carbon world [2].
Flotek Reports 95% Gross Profit Growth in Third Quarter
Prnewswire· 2025-11-04 21:08
Core Insights - Flotek Industries, Inc. reported strong financial results for Q3 2025, demonstrating successful execution of its transformational strategy and robust growth across its segments [1][4]. Financial Performance - Total revenues for Q3 2025 reached $56.0 million, a 13% increase from $49.7 million in Q3 2024. For the nine months ended September 30, 2025, revenues were $169.7 million, up 25% from $136.3 million in the same period last year [2][7]. - Gross profit for Q3 2025 was $17.8 million, reflecting a 95% increase from $9.1 million in Q3 2024. The gross profit margin improved to 32% from 18% year-over-year [2][8]. - Net income surged to $20.4 million, or $0.53 per diluted share, compared to $2.5 million, or $0.08 per diluted share, in Q3 2024. This included a $12.6 million tax benefit [2][10]. - Adjusted EBITDA increased by 142% to $11.7 million in Q3 2025, marking the twelfth consecutive quarter of growth [2][11]. Segment Performance - The Chemistry Technologies segment saw external revenues grow by 43% year-over-year, with total revenues for the segment increasing by 17% to $152.3 million for the nine months ended September 30, 2025 [5][18]. - The Data Analytics segment achieved a remarkable 232% revenue increase in Q3 2025, with service revenues growing 625% to $7.2 million, driven by the adoption of advanced analytics solutions [5][18]. Guidance and Outlook - Flotek has revised its 2025 guidance, increasing total revenue expectations to a range of $220-$225 million and Adjusted EBITDA to $35-$40 million, based on strong year-to-date performance [4][7]. Operational Highlights - The company reported a gross profit margin of 32% for Q3 2025, attributed to the high-margin Data Analytics revenue, which constituted 16% of total revenues, up from 5% in Q3 2024 [7][8]. - The acquisition of mobile gas conditioning assets contributed $6.1 million to Q3 2025 revenue, enhancing overall performance [7][12].
Sunoco LP and SunocoCorp LLC Announce Completion of Acquisition of Parkland Corporation and Start Date for Trading in SunocoCorp LLC Common Units; Publication of Updated Investor Presentation
Prnewswire· 2025-11-03 13:00
Core Points - Sunoco LP has completed the acquisition of Parkland Corporation on October 31, 2025 [1] - Parkland shares will be delisted from the Toronto Stock Exchange on November 4, 2025, and SunocoCorp Common Units will begin trading on the NYSE on November 6, 2025 [2] Company Overview - Sunoco LP operates as a leading energy infrastructure and fuel distribution master limited partnership across 32 countries and territories, with approximately 14,000 miles of pipeline and over 160 terminals [4] - The company distributes over 15 billion gallons of fuel annually to around 11,000 retail locations and commercial customers [4] - SunocoCorp is a publicly traded limited liability company that holds a direct limited partner interest in Sunoco LP [5]
Sunoco LP Announces Expected Closing Date for Acquisition of Parkland Corporation and NYSE Listing Information for SunocoCorp LLC ("SUNC")
Prnewswire· 2025-10-27 11:45
Core Points - Sunoco LP is set to close its acquisition of Parkland Corporation on October 31, 2025, pending customary closing conditions [1] - Common Units of SunocoCorp LLC, to be issued to Parkland shareholders, will begin trading on November 3, 2025, under the ticker symbol "SUNC" [2] - Post-transaction, SunocoCorp will hold approximately 27% limited partner interest in Sunoco LP's outstanding common units [2] Company Overview - Sunoco is a prominent energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [3] - The partnership's midstream operations include around 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution to approximately 7,400 branded locations and additional independent dealers [3] - Sunoco's general partner is owned by Energy Transfer LP [3]
Nabors Industries Ltd. 3rd Quarter 2025 Earnings Conference Call Invitation
Prnewswire· 2025-10-02 20:15
Core Points - Nabors Industries Ltd. will discuss its third-quarter operating results on October 29, 2025, at 10:00 a.m. Central Time [1] - The earnings release will occur after market close on October 28, 2025 [1] Conference Call Details - The conference call can be accessed via US Toll Free number (888) 317-6003, Canada Toll Free (866) 284-3684, and International (412) 317-6061 [2] - Participants are advised to call 10 to 15 minutes early for proper connection [2] Replay Information - The conference call will be recorded and available for replay until November 5, 2025, at 4:00 p.m. CT [3] - Replay can be accessed using the North America number (877) 344-7529 or International (412) 317-0088 with Conference Replay Entry Number: 9724612 [3] Webcast Information - A live audio webcast of the conference call will be available on Nabors' website [4] - The earnings release and any supplemental presentation will also be downloadable from the website [4] Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries [5] - The company focuses on drilling, engineering, automation, data science, and manufacturing to innovate energy solutions and support the transition to a lower-carbon world [5]
Nabors Industries Issues Statement on Superior Energy Announcement
Prnewswire· 2025-09-30 21:48
Core Viewpoint - Nabors Industries Ltd. expresses support for Superior Energy Services, Inc. following its successful senior secured notes offering, which includes a repayment of $250 million in seller financing related to the acquisition of Quail Tools, LLC. Nabors plans to use these funds for its own debt reduction and is focused on addressing remaining balances on its 2027 and 2028 senior notes to enhance long-term shareholder value [1]. Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries. The company focuses on delivering safe, efficient, and responsible energy production through its expertise in drilling, engineering, automation, data science, and manufacturing [2].
DESERT MOUNTAIN ENERGY TO SUPPORT CARBON CAPTURE AT ROSWELL DATA CENTRE; CEO APPOINTED TO ADVISORY BOARD
Prnewswire· 2025-09-24 13:00
Core Insights - Desert Mountain Energy Corp. has appointed CEO Robert Rohlfing to the Advisory Board of Roswell Information Park LLC, collaborating with Sustany LLC on a new AI-focused data center campus in Roswell, New Mexico [1][2][3] - The company will also participate in developing carbon capture solutions for the data center, aligning with its strategy to integrate sustainable practices into energy operations [2][3] - The Roswell Information Park project is a significant investment aimed at supporting AI and high-performance computing, featuring a dedicated natural gas supply and advanced infrastructure [3] Company Overview - Desert Mountain Energy Corp. is focused on the exploration, development, and production of helium, hydrogen, and natural gas, emphasizing environmentally and economically sustainable helium extraction [5] - The company aims to supply critical elements for the renewable energy and high technology industries [5]
Blue Water Advances in CITGO Bidding Process
Prnewswire· 2025-09-15 21:27
Core Viewpoint - Blue Water Venture Partners has received court approval to access confidential data related to the CITGO sale and asserts that its $10 billion bid is the most advantageous for stakeholders, emphasizing U.S. energy security and creditor treatment [1][2]. Group 1: Proposal Highlights - Blue Water's $10 billion bid exceeds current offers and aims to protect U.S. energy security while ensuring fair treatment of creditors [2][6]. - The proposal includes transforming CITGO into a publicly traded U.S. company, promoting transparency and broad market participation [6]. - Bondholders and creditors would have the opportunity to own shares in the public company, preserving long-term value [6]. - The bid intends to prevent private hedge funds or foreign entities from controlling critical U.S. energy assets [6]. - The proposal ensures stable energy delivery to U.S. consumers, particularly focusing on the Midwest region [6]. Group 2: Company Background - Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to identify and complete business combinations with high-potential companies across various sectors [3].