Core Insights - Green Plains Inc. reported significant profitability improvements in Q4 2025, driven by operational execution and tax credit benefits, despite revenue falling short of expectations [1][4] - The company is focusing on carbon capture and low-carbon initiatives, with a target of at least $188 million in adjusted EBITDA from carbon-related activities in 2026 [2][3] Financial Performance - Revenue for Q4 2025 was $428.8 million, down approximately 26.6% from $584.0 million in Q4 2024, partly due to the sale of the Obion plant and the end of third-party ethanol marketing [2][4] - Net income attributable to Green Plains was $11.9 million, or $0.17 per diluted share, exceeding analyst estimates [4] - Adjusted EBITDA improved to $49.1 million for the quarter, a significant turnaround from a negative $18.2 million in Q4 2024, aided by operational performance and tax credits [4] Valuation and Financial Ratios - The price-to-sales ratio is low at around 0.4, indicating the stock is trading at a discount relative to revenue [5] - The debt-to-equity ratio stands at a moderate 0.60, while the current ratio of 1.79 suggests solid liquidity [5]

Energy Partnership with the US - Indian oil and gas companies are exploring investments in natural gas liquefaction facilities in the US to deepen energy partnership amid geopolitical volatility [1] - Indian firms are evaluating equity infusion in US gas liquefaction projects that are under construction or nearing final investment decision [2] - The US is India's sixth largest energy trade partner, with hydrocarbon trade exceeding $13.7 billion in fiscal year 2024-25, and both countries aim to increase bilateral energy trade to $20 billion [5] Collaboration with Japan - Indian oil and gas producers are exploring collaborations with Japanese E&P companies for joint bidding under the Open Acreage Licensing Policy (OALP) [4] - India invited Japanese oil companies to participate in the ongoing tenth round of auctions under the OALP, with ethanol and biofuels identified as key areas for partnership [6] - Major Japanese E&P companies such as INPEX Corporation, JAPEX, and JX Nippon Oil & Gas Corp are involved in these discussions [7] Technological Advancements - India and Japan discussed collaboration opportunities in automation, digitalization, AI-enabled predictive analytics, SCADA systems, and advanced instrumentation to enhance efficiency in oil and gas and new energy segments [8] - Yokogawa Electric Corporation has shown strong interest in enhancing investment in India [8] Investor Confidence - Global and domestic companies have expressed strong confidence in India's growth trajectory and are keen to expand their business presence in the country [9] - Prime Minister Narendra Modi interacted with CEOs of about 27 global and domestic energy giants, indicating strong engagement in the energy sector [10]

Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the United States, and Canada [4] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [4] Upcoming Financial Results - Mercer International will release its fourth quarter results for the period ending December 31, 2025, on February 12, 2026, after the market closes [1] - A conference call to discuss the results will be hosted by Juan Carlos Bueno, President and CEO, and Richard Short, CFO and Secretary, on February 13, 2026, at 10:00 am ET [1] Conference Call Details - The conference call will be available live over the Internet through a webcast [2] - Participants must register to join the live call and ask questions, with registration available via a specific URL [3] - A replay of the webcast will be archived and accessible through the company's website for those unable to participate live [2]

Core Insights - BP announced a $4–$5 billion hit to its Q4 earnings due to winding down its energy transition business, following Ford's announcement of $19.5 billion losses from curtailed EV plans, indicating broader struggles in the energy transition sector [1][2] Group 1: Company-Specific Developments - BP's low-carbon business has underperformed, leading to plans to exit Lightsource BP and divest from its onshore wind power business in the U.S., with impairment charges reported at $5.7 billion in 2023, $5.1 billion in 2024, and a total of $6.9 billion for 2025 [2] - Shell is also reducing its presence in the energy transition space, suspending a biofuels plant in the Netherlands and reporting an impairment of $800 million to $1.2 billion from its low-carbon business [3] Group 2: Industry Trends - The energy transition industries, once seen as profitable investments, are facing skepticism as major companies like Ford, BP, and Shell express doubts about their viability without subsidies [4] - While global low-carbon energy investment reached an all-time high in the first half of 2025, specific investments in utility-scale solar power and onshore wind have declined, particularly in Europe, where growth has slowed due to economic pressures [5]

Company Overview - BP is a premier European integrated oil giant involved in natural gas production and trading, biofuels, and renewable energy generation, offering a substantial dividend of 5.80% [1] - Chevron, an American multinational energy company, focuses on oil and gas, providing a 4.17% dividend, which was raised by 5% last year [8] - ConocoPhillips is an exploration and production company with a dividend yield of 3.20%, having completed a $22.5 billion acquisition of Marathon Oil [13] - Exxon Mobil is one of the world's largest integrated oil and gas companies, trading at 18% below fair value with a dividend yield of 3.27% [18] - TotalEnergies, a French integrated energy company, offers a massive 6.04% dividend and operates through four segments including exploration and production [21][22] Market Dynamics - Oil prices recently fell below $60 per barrel but have rallied back above this key level, driven by oversupply and weak demand, with global oil inventories rising [5] - Concerns about global economic growth and potential recession have weighed on demand expectations, but some worries are fading, allowing investors to buy mega-cap dividend-paying giants at bargain prices [3] - Geopolitical hotspots are contributing to the uptick in oil prices, with West Texas Intermediate trading above $60 for the first time since early December [4] Recent Transactions and Developments - Chevron announced a definitive agreement to acquire Hess Corp. for $53 billion, enhancing its portfolio and boosting third-quarter earnings [11] - Exxon completed its acquisition of Pioneer Natural Resources for $59.5 billion, creating the largest U.S. oilfield producer [20] - BP sold a majority stake in Castrol to Stonepeak for $6 billion, forming a joint venture [6] Analyst Ratings and Price Targets - Wolfe Research has a Buy rating on BP with a target price of $51 [7] - UBS has a Buy rating on Exxon with a target price of $145 [20] - Jefferies has a Buy rating on TotalEnergies with a target price of $74.82 [24]

Company Overview - Darling Ingredients is a global leader in producing and distributing collagens and gelatins, operating 16 factories worldwide [1] - The company has diversified its business into three branches: feed, food, and fuel, with the rendering business being the largest globally [2] - Darling's core operations involve recycling waste products from animal husbandry, agriculture, and food industries into feedstock, food products, and biofuels [3] Recent Developments - Darling has entered into a definitive agreement with Belgium-based Tessenderlo to combine their collagen and gelatin segments into a new firm named Nextida, with Darling holding an 85% stake [6] - The new venture will not require cash investment from either parent company [6] Financial Performance - In the third quarter of 2025, Darling reported a revenue of $1.6 billion, exceeding forecasts by $62 million and reflecting a 14% year-over-year increase [8] - The GAAP EPS for the same quarter was 12 cents, which was 11 cents lower than expected, while available liquid assets increased to $91.5 million from $75.9 million at the end of December 2024 [8] Market Outlook - Analysts have a positive outlook on Darling, with expectations of structural growth in sustainable fuels and pivotal regulatory catalysts on the horizon [9] - The stock is viewed as nearing a trough for fundamentals and sentiment, with expectations for a solid recovery in earnings and trading multiples into 2026 and beyond [9] Investment Ratings - Analyst Justin Jenkins has given Darling a Strong Buy rating with a price target of $60, indicating a potential gain of 53.5% [10] - The consensus rating for Darling is a Strong Buy, with a current trading price of $39.08 and an average target price suggesting a 25% gain over the next year [10]

Core Insights - Benjamin Edwards Inc. increased its stake in Valero Energy Corporation by 17.3% during Q3, owning 18,440 shares valued at $3,140,000 after acquiring an additional 2,721 shares [2] - Institutional investors and hedge funds own 78.69% of Valero Energy's stock, with several firms adjusting their positions in the company during the third quarter [3] Institutional Activity - Private Trust Co. NA raised its holdings by 2.0%, now owning 3,381 shares worth $576,000 after buying 65 additional shares [3] - Highline Wealth Partners LLC boosted its holdings by 70.2%, now owning 160 shares valued at $27,000 after purchasing 66 shares [3] - Salomon & Ludwin LLC increased its position by 17.0%, owning 476 shares worth $76,000 after acquiring 69 shares [3] - Sowell Financial Services LLC increased its stake by 0.6%, now owning 11,467 shares valued at $1,952,000 after purchasing 70 shares [3] Insider Activity - CFO Jason W. Fraser sold 9,933 shares at an average price of $174.02, totaling $1,728,540.66, resulting in a 6.89% decrease in his ownership [4] Analyst Ratings - Erste Group Bank initiated coverage with a "buy" rating [5] - Morgan Stanley downgraded from "overweight" to "equal weight" but raised the target price from $160.00 to $175.00 [5] - JPMorgan Chase & Co. increased the target price from $197.00 to $200.00 with an "overweight" rating [5] - Wells Fargo & Company raised the target price from $216.00 to $220.00, maintaining an "overweight" rating [5] - Jefferies Financial Group increased the target price from $181.00 to $194.00 with a "buy" rating [5] - The average rating is "Moderate Buy" with a consensus target price of $183.00 [5] Financial Performance - Valero Energy reported Q3 EPS of $3.66, exceeding the consensus estimate of $3.15 by $0.51 [7] - Revenue for the quarter was $32.17 billion, surpassing expectations of $28.80 billion, but down 2.2% year-over-year [7] - Analysts predict an EPS of 7.92 for the current fiscal year [7] Dividend Information - Valero Energy declared a quarterly dividend of $1.13, representing an annualized dividend of $4.52 and a yield of 2.4% [8] Company Overview - Valero Energy Corporation is an integrated downstream energy company based in San Antonio, Texas, focusing on refining crude oil into finished fuels and producing petrochemical feedstocks [9] - The company also has significant operations in renewable fuels, including ethanol and biofuels, and manages a logistics network for moving feedstocks and finished products [10]

Core Insights - Stonepeak is pursuing a stake of up to 15% in AM Green, valued at approximately $1.4 billion, marking a significant move in India's green energy sector [1][2] - The deal is expected to conclude within a month and will help AM Green repay $650 million in private credit while funding various projects [2] - Mitsui & Co. is also exploring a stake in AM Green, indicating strong interest from multiple investors in the company [3] Investment Details - AM Green plans to utilize part of the investment to repay a $650 million loan taken to acquire a 17.5% stake in Greenko Energy Holdings, which was valued at $7.5 billion [2] - The remaining funds will support AM Green's $20 billion capital expenditure strategy, focusing on bio-fuel, aluminium, and ammonia projects [2][6] - AM Green is constructing a 1 million tonnes per annum primary aluminium smelter and expanding its alumina refining and mining operations [6] Strategic Collaborations - AM Green has signed a memorandum of understanding with Mitsui for strategic collaboration on energy transition initiatives [3] - The company is also partnering with global logistics major DP World to enhance logistics and storage for green hydrogen and ammonia exports [11] Production Plans - AM Green aims to produce 5 million tonnes per annum of green ammonia, with the first project expected to be operational by 2026 [12] - The company has secured offtake agreements with major buyers, including Uniper, Yara, and Keppel, for its green ammonia production [12] Market Context - The investment landscape in India's green energy sector remains robust, with significant investments and projects underway despite challenges such as costly coal power agreements [14] - India's renewable energy sector has seen a dramatic increase in investment, totaling over $4.66 billion in the last quarter of the previous year, reflecting a 91.5% year-on-year growth [15]

Group 1 - BP p.l.c. has appointed Meg O'Neill as its new CEO, marking the first external hire for the position in over a century and the first woman to lead a Western oil major [3][4] - O'Neill previously led Woodside Energy and will officially take over in April, with Carol Howle serving as interim CEO until then [3] - The company is undergoing a significant strategic shift, reducing billions in planned renewable energy initiatives and refocusing on traditional oil and gas [4] Group 2 - BP aims to optimize operations by cutting up to $5 billion in costs and divesting $20 billion in assets by 2027 [4] - This strategic refocus on fossil fuels has positively impacted investor sentiment, with BP shares increasing by over 15% since the beginning of 2025 [4]

Core Insights - Shell plc (NYSE:SHEL) is recognized as one of the best crude oil stocks for dividends and is also included in the list of best non-US stocks favored by hedge funds [1][5] Group 1: Oil Discovery - Shell, in partnership with INEOS, has made a new oil discovery in the Gulf of America, confirming hydrocarbons at the Nashville exploration well in the Norphlet region [3] - Shell operates the Nashville well with a 79% working interest, while INEOS holds the remaining 21% [3] Group 2: New Contract and Project - Shell has selected the Valaris drillship, VALARIS DS-8, for operations off the coast of Brazil, with a multi-year contract valued at approximately $300 million [4] - The drillship will be deployed at Shell's Orca project, which is designed to produce up to 120,000 barrels of oil per day, with production start-up scheduled for 2029 [4] - The contract with Valaris is set to commence in the first quarter of 2027 and has an estimated duration of approximately 800 days, with an option to extend by about one year [4]