Paris (France), February 26, 2026 2025 annual resultsStrong performance driving significant cash generation and deleveraging Segment revenue of $1,165m, up +4% year-on-yearGeoscience revenue up +10% to $444m, driven by all our three core basins as well as the Middle East, and Earth Data revenue up +6% to $406m, fueled by market appetite for high-end data and sector consolidationStrong improvement in profitability, supported by operating efficiency gains across all business lines. Segment adjusted EBITDAs of ...

Core Insights - SBM Offshore's net profit attributable to shareholders for the full year 2025 decreased by 25% to $677 million, down from $907 million in 2024 [1] - Directional earnings per share for 2025 was $3.91, a 23% decline compared to $5.08 in the previous year [1] Revenue Performance - Directional revenue for 2025 stood at $5.1 billion, a 17% year-on-year decline from $6.1 billion in 2024, primarily due to lower turnkey activity following a high base year of FPSO asset sales and completions [2] - Directional turnkey revenue fell by 26% to $2.8 billion from $3.7 billion in 2024, reflecting the non-recurrence of FPSO Prosperity and Liza Destiny asset sales in Q4 2024 [2] - Directional Lease and Operate revenue declined 3% to $2.3 billion from $2.4 billion, partially offset by fleet additions of new FPSOs [3] EBITDA Analysis - Directional EBITDA declined 10% to $1.7 billion from $1.9 billion in 2024, primarily due to weakness in the Turnkey segment, where EBITDA fell 23% to $561 million from $724 million [4] - Directional Lease and Operate EBITDA held relatively steady at $1.2 billion, compared to $1.3 billion in 2024, a 2% decrease [4] - On an International Financial Reporting Standards basis, EBITDA rose 78% to $1.9 billion from $1 billion in 2024, reflecting differing accounting treatments of lease contracts [5] Future Outlook - For 2026, SBM Offshore has set a directional revenue guidance baseline of around $6.5 billion, a projected 28% increase from 2025 [6] - Directional EBITDA guidance for 2026 stands at a baseline of approximately $1.8 billion, a 5% improvement from 2025's Directional EBITDA [7] - Three major construction projects are on track and expected to underpin revenue growth in the coming years [7]

CALGARY, Alberta, Feb. 24, 2026 (GLOBE NEWSWIRE) -- PHX Energy is pleased to announce that its Board of Directors has declared a special cash dividend of $0.20 per common share, designated as an “eligible dividend” within the meaning of subsection 89(1) of the Income Tax Act (Canada), payable on April 1, 2026 to shareholders of record at the close of business on March 16, 2026. This special dividend reflects the Corporation’s track record of rewarding shareholders as intended under its Return of Capital St ...

Operational highlights and financial results Q4 2025 Earnings Presentation February 19, 2026 © 2025 TechnipFMC. All rights reserved. The information contained in this document is company confidential and proprietary property of TechnipFMC and its affiliates. It is to be used only for the benefit of TechnipFMC and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of TechnipFMC. Disclaimer Forward-looking statements This communication contain ...

Core Viewpoint - The oil and gas services industry is experiencing consolidation, highlighted by the acquisition of Valaris by Transocean, which significantly increased Valaris' stock price by over 34% [1][3]. Group 1: Acquisition Details - Valaris shareholders will receive 15.235 shares of Transocean stock for each Valaris share, valuing Valaris at approximately $5.8 billion, representing a premium of over 35% compared to its closing price prior to the announcement [3]. - The transaction is expected to close in the second half of 2026, pending shareholder and regulatory approval [9]. Group 2: Fleet and Operational Strength - The combined entity will have the world's highest-quality offshore drilling fleet, consisting of 73 rigs, including 33 ultra-deepwater drillships and 31 modern jackups [6]. - Valaris CEO Anton Dibowitz emphasized the strategic advantage of combining high-specification deepwater assets with jackup expertise, enabling operations across various offshore environments [7]. Group 3: Financial Implications - The merger is projected to create a combined backlog of about $10 billion and generate estimated cost savings of $200 million, enhancing Transocean's cash flow and supporting debt reduction efforts [8].

Financial Performance - Aker Solutions reported revenues of Nkr16.7bn ($1.7bn) for Q4 2025, a 6% increase from Nkr15.7bn in Q4 2024 [1] - Full-year revenues reached Nkr63.2bn, marking a 19% year-on-year growth from Nkr53.2bn in 2024 [1] - The company achieved EBITDA of Nkr1.3bn with a margin of 7.9% in Q4, and for the full year, EBITDA stood at Nkr5.3bn with an 8.4% margin, compared to Nkr4.6bn and 8.7% in 2024 [1] Order Intake and Backlog - Aker Solutions secured order intake of Nkr19.6bn in Q4, bringing the full-year total to Nkr66.4bn [2] - The order backlog stood at Nkr64.8bn at year-end, providing visibility for future operations [2] Project Progress and Future Outlook - The company made significant progress on its Aker BP portfolio, delivering four topsides and jackets with a combined dry weight of about 90,000t [2] - Aker Solutions expects 2026 revenues between Nkr45bn and Nkr50bn, with EBITDA margins of 7.0% to 7.5% excluding SLB OneSubsea income [3] Strategic Agreements - In December 2025, Aker Solutions signed a six-year frame agreement with ConocoPhillips Skandinavia for brownfield maintenance and modification services at the Eldfisk and Ekofisk oil and gas fields offshore Norway [4] Joint Venture Performance - Aker Solutions' 20%-owned joint venture SLB OneSubsea reported revenues of $3.8bn for 2025 with an EBITDA margin of 19.4%, distributing $412m in dividends to shareholders [3]

Core Viewpoint - Select Water Solutions Inc. and LibertyStream Infrastructure Partners Inc. have entered into a definitive agreement to develop commercial lithium carbonate production facilities at Select's water treatment sites in Texas, aiming to leverage existing infrastructure for lithium extraction and enhance profitability [1][2][6]. Group 1: Agreement Details - The agreement includes a three-stage development program for lithium carbonate production, with the first facility (Stage 1) expected to be operational by December 2026, producing up to 1,000 tonnes of lithium carbonate annually [1][3]. - Site preparation for the Stage 1 facility will begin in March 2026, with full construction starting in the latter half of Q2 2026 [3]. - Stage 2 will see the commissioning of a second facility by June 2027, also with a capacity of 1,000 tonnes per year, while Stage 3 will involve at least two additional facilities starting in July 2027 across various counties in Texas [4]. Group 2: Strategic Importance - The project aims to unlock resource value from produced water, integrating lithium extraction into Select's existing water management platform, thereby creating additional revenue streams [2][6]. - Select's water recycling and pre-treatment capabilities will significantly reduce costs for LibertyStream's lithium extraction process, enhancing operational efficiency [5][6]. - This initiative aligns with Select's broader strategy to maximize returns from its asset base by introducing high-margin revenue streams supported by fixed pricing agreements [6][8]. Group 3: Company Background - Select Water Solutions is recognized as a leading provider of sustainable water and chemical solutions to the energy sector, emphasizing environmentally responsible water management throughout the lifecycle of oil and gas operations [9]. - LibertyStream Infrastructure Partners aims to become one of North America's first commercial producers of lithium carbonate from oilfield brine, focusing on leveraging existing infrastructure to minimize capital costs and support clean energy transitions [10].

Core Insights - Core Laboratories reported fourth-quarter revenue of $138.3 million, reflecting a 3% sequential increase and a 7% year-over-year growth, driven by demand for reservoir rock and fluid analysis as well as completion diagnostic services [2][6] - The company expects first-quarter 2026 revenue to be between $124 million and $130 million, with operating income guidance of $9.7 million to $12.2 million, indicating anticipated seasonal softness and weather disruptions [4][18] Financial Performance - Fourth-quarter segment operating income for Reservoir Description was $12.7 million, up from $11.6 million in the third quarter, with an operating margin of 14%, an increase of 60 basis points sequentially [1] - Full-year EBIT excluding items was $58.7 million, down 10% from $65.3 million in 2024, while net income excluding items for the fourth quarter was $9.7 million, with EPS of $0.21 [5][11] - The company generated $8.1 million of operating cash flow in Q4, resulting in free cash flow of $5.1 million after capital expenditures [12] Revenue Breakdown - Service revenue in Q4 was $107.0 million, up 6% sequentially and 11% year-over-year, while product sales fell to $31.3 million, down 6% sequentially and 4% year-over-year [8][9] - For the full year, service revenue rose to $399.4 million, a 3% increase from 2024, while product sales decreased to $127.1 million, down 6% from the previous year [9] Shareholder Returns - The company continued to return cash to shareholders, repurchasing over 363,000 shares for $5.7 million in Q4 and a total of 1.2 million shares for $15.5 million in 2025 [15] - Management remains opportunistic regarding buybacks while maintaining a comfortable leverage ratio, having reduced net debt by 70% since late 2019 [13][16] Market Conditions - Management noted that geopolitical tensions, sanctions, and commodity price volatility have created challenges for certain laboratory services related to crude oil [3][18] - The company is facing tariff-related cost pressures on imported raw materials, particularly affecting the Production Enhancement segment [18] Operational Highlights - Core Laboratories emphasized the strength of its proprietary technologies in offsetting seasonal softness in the U.S. land market, with ongoing international demand for long-cycle projects [3][19] - The company received recognition for its Pulverizer system in a Middle East plug-and-abandonment program, highlighting its innovative capabilities in the industry [20]

Core Viewpoint - Kodiak Gas Services is acquiring Distributed Power Solutions (DPS) for $675 million, aiming to expand into distributed power generation and address the growing demand for behind-the-meter power solutions, particularly from data centers [3][4][6]. Acquisition Details - The acquisition will add a fleet of 384 MW of distributed power equipment, including turbines and reciprocating engines, enhancing Kodiak's flexibility across various applications [1][6]. - The total cost of the transaction, including estimated fees and expenses, is approximately $690 million, with a valuation of about 7.4 times DPS's expected 2026 adjusted EBITDA [3][5]. Strategic Rationale - Kodiak's management views DPS as an ideal asset base for entering the distributed power market, which has been under study for some time [2][4]. - The acquisition is expected to be accretive to both discretionary cash flow and earnings, while allowing Kodiak to maintain its commitment to shareholder returns [2][6]. Market Context - The U.S. power market is at an inflection point, with electricity demand for data centers expected to double by 2035, accounting for over 50% of U.S. power demand growth during that period [9][11]. - Grid interconnection delays are pushing large power consumers toward on-site generation, with estimates indicating that over 40% of data centers expected to be online by 2035 will not connect to the grid [10][11]. Customer Exposure - Approximately two-thirds of DPS's active fleet is currently contracted to data centers, with a multi-year agreement in place for primary power to a large data center operator in Virginia, achieving 99.9% reliability [8][6]. - Kodiak is also involved in behind-the-meter microgrid projects, indicating a growing pipeline of additional data center opportunities [8][6]. Financing and Capital Allocation - Kodiak plans to finance the acquisition with approximately $590 million drawn from its ABL facility and $100 million in stock, equating to about 2.4 million shares [5][19]. - The company aims to honor its balance sheet while maintaining a disciplined capital approach, with expectations for organic investment returns in power and compression to outweigh share repurchases [16][14].

Core Viewpoint - Kodiak has announced its agreement to acquire Distributed Power Solutions, indicating a strategic move to enhance its capabilities in the energy sector [2]. Group 1: Acquisition Details - The acquisition of Distributed Power Solutions is expected to strengthen Kodiak's position in the market [2]. - A press release and presentation regarding the acquisition have been made available on Kodiak's Investor Relations website [2]. Group 2: Forward-Looking Statements - Management has indicated that the comments made during the call may contain forward-looking statements, reflecting current views and assumptions based on available information [2]. - There are various risks and uncertainties that could lead to actual results differing from the forward-looking statements made by management [3].