Core Insights - Westwood Holdings Group, Inc. (WHG) reported a significant increase in assets under management (AUM), reaching $18.3 billion, up from $16.8 billion a year ago [2][3] - The company achieved several milestones, including its addition to the Russell 2000 Index, enhancing institutional accessibility [2] - The Enhanced Midstream Energy ETF (MDST) surpassed $100 million in assets with a distribution rate of 10.2% per annum [1][2] Financial Performance - Second quarter net income was $1.0 million, compared to a net income of $0.5 million in the first quarter and a loss of $2.2 million in the same quarter last year [3][4] - Diluted earnings per share (EPS) for the second quarter was $0.12, an increase from $0.05 in the first quarter and a loss of $0.27 in the second quarter of 2024 [3][4] - Non-GAAP Economic Earnings for the second quarter were $2.8 million, or $0.32 per share, compared to $2.5 million, or $0.29 per share, in the first quarter [3][4][6] Revenue and Expenses - Quarterly revenues totaled $23.1 million, slightly down from $23.3 million in the first quarter but up from $22.7 million a year ago [6] - Total expenses for the second quarter were $22.3 million, down from $23.3 million in the first quarter and significantly lower than $26.9 million in the second quarter of 2024 [6] - The company held $33.1 million in cash and liquid investments as of June 30, 2025, an increase of $6.0 million from the first quarter [6] Dividends and Equity - Westwood declared a cash dividend of $0.15 per common share, payable on October 1, 2025, to stockholders of record on September 2, 2025 [6] - Stockholders' equity totaled $120.3 million, with no debt reported [6]