Workflow
Transportation services
icon
Search documents
Is Targa Resources Stock Underperforming the Nasdaq?
Yahoo Finance· 2025-09-16 10:01
Core Insights - Targa Resources Corp. (TRGP) is a leading U.S. midstream energy company with a market cap of $35.8 billion, operating in Gathering & Processing and Logistics & Transportation segments [1][2] - The company benefits from fee-based contracts that mitigate exposure to commodity price fluctuations, while ongoing expansion projects enhance growth potential [2] - TRGP shares are currently trading 25.3% below their 52-week high, with a recent decline of 6.6% over the past three months, underperforming the Nasdaq Composite [3][4] Financial Performance - In Q2, TRGP reported a revenue increase of 20% year-over-year to $4.26 billion, driven by higher NGL volumes and stronger natural gas prices [5] - Net income attributable to common shareholders more than doubled to $629.1 million from $298.5 million in the prior year, with adjusted EBITDA rising 18% to $1.16 billion [5] - The company reaffirmed its full-year 2025 adjusted EBITDA guidance of $4.65–$4.85 billion, anticipating growth in Permian gathering and processing operations [6]
Americold Announces Second Quarter 2025 Results
Globenewswire· 2025-08-07 11:00
Core Insights - Americold Realty Trust reported total revenues of $650.7 million for Q2 2025, a 1.5% decrease from $661.0 million in Q2 2024, primarily due to lower volumes in the warehouse segment and a decrease in transportation services revenue [6][11]. - The company delivered an Adjusted FFO of $103.6 million, or $0.36 per diluted share, representing a 5.6% decrease from Q2 2024 [6][15]. - The company launched three innovative development projects during the second quarter, indicating a focus on future growth despite current market challenges [3][4]. Financial Performance - Net income for Q2 2025 was $1.6 million, or $0.01 per diluted share, compared to a net loss of $64.4 million, or $0.23 per diluted share, in Q2 2024 [13]. - Core EBITDA for Q2 2025 was $159.1 million, a decrease of 3.9% from $165.5 million in Q2 2024 [14]. - The Global Warehouse segment's same-store revenues decreased by 1.5% on both actual and constant currency bases compared to Q2 2024 [6][20]. Operational Highlights - The company launched three key projects: a development in Kansas City, an expansion in Allentown, and a flagship build in Dubai, all of which are experiencing strong customer demand [3][4]. - The Global Warehouse segment's same-store services margin increased to 13.3% from 12.4% in Q2 2024, indicating improved efficiency in service delivery [6][21]. - Economic occupancy percentage decreased to 73.8% from 78.1% year-over-year, reflecting challenges in maintaining occupancy levels [19]. 2025 Outlook - The company adjusted its AFFO/share guidance range to $1.39 - $1.45 for the full year 2025, anticipating continued challenges in demand and occupancy levels [3][5]. - The guidance for total selling, general, and administrative expenses is projected to be between $270 million and $280 million, inclusive of share-based compensation [7]. - The company expects the challenging demand environment to persist in the second half of the year, with occupancy and throughput levels remaining below typical seasonal trends [3].
Curious about Americold Realty Trust (COLD) Q2 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2025-08-06 14:16
Core Viewpoint - Wall Street analysts predict that Americold Realty Trust Inc. (COLD) will report a quarterly earnings per share (EPS) of $0.34, reflecting a year-over-year decline of 10.5%, with revenues expected to be $647.54 million, a decrease of 2% compared to the previous year [1]. Revenue Estimates - The average prediction for 'Revenues- Global Warehouse- Rent and storage' is $261.65 million, indicating a year-over-year change of -2.3% [5]. - Analysts estimate 'Revenues- Rent, storage and warehouse services' to be $587.74 million, suggesting a change of -2.1% year over year [5]. - 'Revenues- Global Warehouse- Warehouse services' is projected to reach $326.09 million, reflecting a -2% change from the year-ago quarter [6]. - 'Revenues- Third-party managed services' is expected to be $10.22 million, indicating a year-over-year increase of +2.9% [6]. - 'Revenues- Transportation services' is likely to reach $47.62 million, with an estimated year-over-year change of -6% [6]. Depreciation and Amortization - The consensus estimate for 'Depreciation and amortization' stands at $89.56 million [7]. Stock Performance - Shares of Americold Realty Trust have shown returns of +0.1% over the past month, compared to the Zacks S&P 500 composite's +0.5% change [7]. - With a Zacks Rank 3 (Hold), COLD is expected to perform in line with the overall market in the near future [7].
Total Energy Services Inc. Announces 2025 Second Quarter Conference Call and Webcast
Globenewswire· 2025-07-07 13:54
Company Overview - Total Energy Services Inc. is headquartered in Calgary, Alberta, and provides contract drilling services, equipment rentals, transportation services, well servicing, and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia [4]. Financial Results Announcement - Total Energy will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2025 [1]. - The financial results will be released prior to the conference call, which is scheduled for August 6, 2025, at 9:00 a.m. (Mountain Time) [2]. Access to Conference Call - The conference call can be accessed by dialing (833) 752-3851 or (647) 846-8915 [2]. - A live webcast of the conference call will be available on Total Energy's website, and an archived version will be accessible shortly after the live event [3]. Contact Information - For further information, inquiries can be directed to Yuliya Gorbach, Vice-President Finance and Chief Financial Officer, at (403) 216-3920 or via email at investorrelations@totalenergy.ca [5].
Americold Realty Trust(COLD) - 2019 Q1 - Earnings Call Presentation
2025-06-26 09:24
Financial Performance - Total revenue reached $393.1 million, a 0.5% increase year-over-year, or a 2.8% increase on a constant currency basis[14] - Global Warehouse segment revenue was $289.6 million, up 1.1% from the previous year, or 3.4% on a constant currency basis[14] - Total contribution (NOI) amounted to $98.7 million, a 1.4% increase compared to last year, or 3.0% on a constant currency basis[14] - Core FFO reached $39.9 million, or $0.26 per diluted common share, compared to $34.8 million in the same quarter last year[14] - AFFO was $44.3 million, or $0.29 per diluted common share, compared to $39.9 million in the same quarter last year[14] Acquisitions and Expansions - The company acquired Cloverleaf Cold Storage for $1.24 billion, adding 22 temperature-controlled facilities with 132 million refrigerated cubic feet[32] - Lanier Cold Storage was acquired for $82 million, adding two temperature-controlled facilities with 14 million refrigerated cubic feet[32] - PortFresh was acquired for approximately $35.9 million, including a temperature-controlled operator and 163 acres of land[14, 27] - Plans to build a new 15 million cubic foot temperature-controlled storage facility in Savannah, Georgia, with anticipated spending of $55 to $65 million[14, 27] Operational Metrics - The company operated a global network of 179 temperature-controlled warehouses encompassing over 1 billion cubic feet[5] - Global Warehouse segment same store revenue grew 0.4%, or 2.7% on a constant currency basis[14] - Fixed commitment rent and storage revenue accounted for 43.0% of total rent and storage revenues[25]
Americold Realty Trust(COLD) - 2022 Q4 - Earnings Call Presentation
2025-06-26 09:15
Financial Performance Highlights - Total revenue for Q4 2022 increased by 0.7% to $721.5 million compared to the same quarter of the prior year[13] - Total NOI for Q4 2022 increased by 16.6% to $188.2 million year-over-year[16] - Core EBITDA for Q4 2022 increased by 10.6% to $136.8 million, or 13.6% on a constant currency basis[17] - Global Warehouse segment revenue increased by 8.0% to $598.7 million in Q4 2022[14] - Global Warehouse segment NOI increased by 14.2% to $172.3 million in Q4 2022[14] - Global Warehouse segment same-store revenue increased by 8.3%, or 10.9% on a constant currency basis, in Q4 2022[14] - Global Warehouse segment same-store NOI increased by 13.1%, or 15.4% on a constant currency basis, in Q4 2022[14] Operational Metrics - As of December 31, 2022, the company operated 242 temperature-controlled warehouses encompassing approximately 1.4 billion cubic feet[4] - Total liquidity as of December 31, 2022, was approximately $681.6 million[31] - Total debt outstanding was $3.3 billion, with 93% in an unsecured structure[31] - Economic occupancy for the total warehouse segment was 83.8% for Q4 2022, a 601 bps increase compared to Q4 2021[23, 29] - Economic occupancy for the warehouse segment same store pool was 85.0% for Q4 2022, a 634 bps increase compared to Q4 2021[23, 29] Future Outlook - The company announced its 2023 annual AFFO per share guidance to be within the range of $1.14 - $1.24[33]
Americold Realty Trust(COLD) - 2023 Q2 - Earnings Call Presentation
2025-06-26 09:14
Financial Performance Highlights - Total revenue decreased by 11% to $649.6 million[11] - Total NOI increased by 9.4% to $184.1 million[11] - Core EBITDA increased by 12.1% to $134.7 million, or 13.5% on a constant currency basis[11] - AFFO was $75.6 million, or $0.28 per diluted share[11] - The company is increasing its full year 2023 AFFO per share guidance to the range of $1.20 to $1.30[10, 32] Global Warehouse Segment Performance - Global Warehouse segment revenue increased by 3% to $581.2 million[11] - Global Warehouse segment NOI increased by 14.5% to $172.8 million[11] - Global Warehouse segment same store revenue increased by 2.8%, or 3.9% on a constant currency basis[11] - Global Warehouse segment same store NOI increased by 12.7%, or 13.8% on a constant currency basis[11] - Same store economic occupancy increased by 687 basis points over prior year to 84.8%[10] - 48.5% of rent and storage revenue was derived from fixed commitment storage contracts[10] Portfolio and Capitalization - The company operated a global network of 242 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet as of June 30, 2023[3, 36] - Total debt outstanding was $3.6 billion, of which 93% was in an unsecured structure[30] - As of June 30, 2023, the Company had total liquidity of approximately $454.6 million[30] - 80% of the company's total debt outstanding was at a fixed rate[30]
Americold Realty Trust(COLD) - 2023 Q3 - Earnings Call Presentation
2025-06-26 09:13
Financial Performance - Total revenue decreased by 11.9% to $667.9 million in Q3 2023[12] - Total NOI increased by 4.4% to $189.1 million in Q3 2023[12] - Core EBITDA increased by 9.2% to $144.0 million in Q3 2023[12] - AFFO was $88.2 million, or $0.32 per diluted common share in Q3 2023[12] - The company raised its full year 2023 AFFO per share guidance to a new range of $1.24 to $1.30[11] Global Warehouse Segment - Global Warehouse segment revenue increased 0.6% to $602.6 million in Q3 2023[18] - Global Warehouse segment NOI increased 6.7% to $177.8 million in Q3 2023[18] - Global Warehouse segment same store NOI increased by 4.5%, or 5.3% on a constant currency basis in Q3 2023[18] - Same store economic occupancy increased 345 basis points over prior year to 84.0% in Q3 2023[11] Capital & Debt - The company successfully raised $419 million in common equity by issuing 13.2 million shares at a weighted average price of $31.63 per share through its ATM program[11] - Total debt outstanding was $3.2 billion, of which 93% was in an unsecured structure as of September 30, 2023[32] - As of September 30, 2023, 89.0% of the company's total debt outstanding was at a fixed rate[32]
Americold Realty Trust(COLD) - 2024 Q1 - Earnings Call Presentation
2025-06-26 09:12
Financial Performance - Total revenue for Q1 2024 was $665 million, a 1.7% decrease compared to $676.5 million in Q1 2023 [12, 18] - Total NOI increased by 12.4% to $210.8 million in Q1 2024 from $187.6 million in Q1 2023 [12, 19] - Core FFO for Q1 2024 was $77.3 million, or $0.27 per diluted share, compared to $60.8 million, or $0.22 per diluted share, in Q1 2023 [12, 20] - AFFO for Q1 2024 was $104.9 million, or $0.37 per diluted share, compared to $79.9 million, or $0.29 per diluted share, in Q1 2023 [12, 21] Warehouse Segment Performance - Global Warehouse segment revenue was $597.7 million in Q1 2024, a 0.4% increase from $595.1 million in Q1 2023 [23, 25] - Global Warehouse contribution (NOI) was $197.1 million in Q1 2024, a 12.8% increase from $174.8 million in Q1 2023 [23, 26] - Global Warehouse same store revenue decreased 0.7% on an actual basis but increased 0.8% on a constant currency basis [12] - Global Warehouse same store NOI increased 8.6% on an actual basis and 10.1% on a constant currency basis [12] - Global Warehouse services margins delivered record first quarter margins of 10.7% [11] Occupancy and Fixed Commitments - Economic occupancy for the total warehouse segment was 79.4%, while the same store pool was 80.9% [23, 29] - Approximately 54.2% of rent and storage revenue was generated from fixed commitment storage contracts [28] - Fixed commitment rent and storage revenue was $597.9 million [27] 2024 Outlook - Warehouse segment same store revenue growth (constant currency) is projected at 2.5% - 5.5% [14] - AFFO per share is guided to be between $1.38 and $1.46 [14]
Americold Realty Trust(COLD) - 2024 Q2 - Earnings Call Presentation
2025-06-26 09:11
Financial Performance Highlights - Total revenue for Q2 2024 reached $661 million, a 1.7% increase compared to $649.6 million in Q2 2023 [12] - Total Company NOI increased by 17.1% to $215.5 million in Q2 2024, up from $184.1 million in Q2 2023 [12] - Global Warehouse same store NOI increased 17.3% in Q2 2024, or 19.3% on a constant currency basis [12] - Core EBITDA for Q2 2024 was $165.5 million, a 22.9% increase from $134.7 million in Q2 2023 [12] - AFFO for Q2 2024 was $109.4 million, or $0.38 per diluted share, compared to $75.6 million, or $0.28 per diluted share, for Q2 2023 [12] Warehouse Segment Performance - Global Warehouse segment revenue for Q2 2024 was $600.4 million, a 3.3% increase from $581.2 million in Q2 2023 [29] - Global Warehouse segment contribution (NOI) was $204.5 million for Q2 2024, an 18.3% increase compared to $172.8 million for Q2 2023 [30] - Global Warehouse segment margin was 34.1% for Q2 2024, a 433 basis point increase compared to Q2 2023 [30] - As of June 30, 2024, $618 million of annualized rent and storage revenues were derived from fixed commitment storage contracts, representing 56.6% of rent and storage revenue on a pro forma basis [31] 2024 Outlook - The company projects warehouse segment same store revenue growth (constant currency) of 2.0% - 4.0% [14] - The company anticipates warehouse segment same store NOI growth (constant currency) to be 900 - 1000 bps higher than associated revenue [14]