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Vista Energy Q3 Earnings & Revenues Top Estimates on Higher Production
ZACKS· 2025-10-29 14:55
Key Takeaways Vista Energy's Q3 adjusted EPS rose to $1.48, topping estimates and improving from 55 cents last year.Quarterly revenue jumped to $706M, supported by a 74% production surge to 126,752 Boe/d.The company raised 2025 EBITDA guidance to $1.65-$1.85B amid continued production growth.Vista Energy S.A.B. de C.V. (VIST) reported third-quarter 2025 adjusted earnings per share of $1.48, which beat the Zacks Consensus Estimate of $1.24. The bottom line also improved from the prior-year quarter’s 55 cents ...
XOM Signs MoU With Gabon to Explore Offshore Oil and Gas Prospects
ZACKS· 2025-10-28 13:50
Group 1: Exxon Mobil's MoU with Gabon - Exxon Mobil Corporation has signed a memorandum of understanding (MoU) with the Gabonese government to explore deepwater and ultra-deepwater areas for potential oil and gas reserves [1][9] - This MoU indicates ExxonMobil's increasing presence in Africa, where it already operates in countries such as Nigeria, Mozambique, and Angola [2] - The agreement may signal ExxonMobil's return to Gabon, which is currently facing declining crude production levels, having decreased from a peak of 370,000 barrels per day in 1997 to 240,000 barrels per day in August 2025 [3][9] Group 2: Context of Gabon's Oil Production - Gabon's government is actively seeking to reverse the trend of declining production levels, and the MoU with ExxonMobil could aid in discovering new resources to support these goals [3] - The last significant activity by ExxonMobil in Gabon was a hydrocarbon discovery made in collaboration with Chevron Corporation in 2006, but currently, the company does not hold any exploratory acreage in the country [2] Group 3: Upcoming Financial Results - ExxonMobil is scheduled to release its third-quarter results on October 31, 2025, before market open [4]
Baker Hughes Q3 Earnings & Revenues Surpass Estimates, Increase Y/Y
ZACKS· 2025-10-24 14:26
Core Insights - Baker Hughes Company (BKR) reported third-quarter 2025 adjusted earnings of 68 cents per share, exceeding the Zacks Consensus Estimate of 61 cents and improving from 67 cents in the previous year [1][10] - Total quarterly revenues reached $7,010 million, surpassing the Zacks Consensus Estimate of $6,832 million and increasing from $6,908 million year-over-year [1][10] Segment Performance - The strong quarterly results were primarily driven by the Industrial & Energy Technology business segment [2] - Revenues from the Oilfield Services and Equipment (OFSE) unit were $3,636 million, down 8% from $3,963 million a year ago, but above the estimate of $3,632 million [3] - EBITDA from the OFSE segment totaled $671 million, down 12% from $765 million in the third quarter of 2024, attributed to lower volume, inflation, and shifts in business mix, partially offset by cost-out initiatives and productivity improvements [4] - Revenues from the Industrial & Energy Technology (IET) unit amounted to $3,374 million, up 15% from $2,945 million year-over-year, exceeding the estimate of $3,182.6 million [5] - EBITDA from the IET segment was $635 million, up 20% from $528 million in the previous year, driven by volume, positive pricing, and favorable foreign exchange movements, partially offset by inflation and lower cost productivity [5] Financial Overview - Total costs and expenses for the third quarter were $6,189 million, higher than the year-ago figure of $5,899 million, and above the projection of $6,054.4 million [6] - Orders from all business segments amounted to $8,207 million, up 23% from $6,676 million a year ago, driven by strong order intake growth across both OFSE and IET segments [7][10] - Free cash flow generated was $699 million compared to $754 million a year ago [8] - Net capital expenditure in the second quarter was $230 million [9] - As of September 30, 2025, cash and cash equivalents stood at $2,693 million, with long-term debt of $5,988 million and a debt-to-capitalization ratio of 24.8% [11]