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RYAM Announces Executive Transition
Businesswire· 2025-12-10 21:14
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (NYSE: RYAM) (the "Company†), a global leader of cellulose-based technologies, announced that President and Chief Executive Officer De Lyle W. Bloomquist has informed the Board of Directors of his intention to retire by the time of the Company's 2026 Annual Meeting of Stockholders, expected in May 2026. Mr. Bloomquist also confirmed he will not stand for re-election to the Company's Board of Directors. To ensure continuity and a smooth ...
Piper Sandler Adjusts TotalEnergies (TTE) Price Target to $70 Amid Mixed Q3 Results
Yahoo Finance· 2025-11-20 03:34
Core Insights - TotalEnergies SE (NYSE:TTE) is recognized as one of the 12 Best European Dividend Stocks to Buy Now [1] - Piper Sandler has adjusted the price target for TotalEnergies to $70 from $69 while maintaining a Neutral rating [2] Financial Performance - In Q3 2025, TotalEnergies reported revenue of $43.8 billion, a decrease of over 7.5% compared to the same period last year [3] - Despite the revenue decline, the company achieved adjusted net income consistent with the previous year and generated $7.1 billion in cash flow, reflecting a 4% increase [3] - The Exploration & Production segment reported adjusted net operating income of $2.2 billion and generated $4.0 billion in cash flow, marking increases of 10% and 6% quarter over quarter [4] Strategic Developments - On November 17, TotalEnergies announced an agreement to acquire a 50% stake in EPH's flexible power generation platform in Western Europe, valued at €5.1 billion ($5.92 billion) [5] - This acquisition will more than double TotalEnergies' net gas-fired generation capacity, reinforcing its strategy to become a major integrated electricity provider in Europe [5]
Mercer International Inc. to Present at Upcoming Investor Conferences
Globenewswire· 2025-11-18 21:30
Core Insights - Mercer International Inc. will have its CFO Richard Short attending and hosting meetings at two upcoming conferences in December 2025 [1] - The company is a global forest products entity with significant production capacities across various product lines [3] Conference Details - Richard Short will present at the BofA Securities 2025 Leveraged Finance Conference on December 2, 2025, at 10:10 a.m. (EST) [1] - The UBS Global Industrials & Transportation Conference will take place on December 4, 2025 [1] - A copy of the presentation will be available on the company's website prior to the events [2] Company Overview - Mercer International Inc. has operations in Germany, the United States, and Canada [3] - 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 - 230,000 metric tonnes of biofuels [3]
BP – Among the Best High Yield Energy Stocks to Buy Now
Yahoo Finance· 2025-11-04 00:59
Core Insights - BP p.l.c. is recognized as one of the best high-yield energy stocks to buy, with a notable annual dividend yield of 5.52% [1][5] - The company has made a significant hydrocarbon discovery at the Bumerangue block offshore Brazil, confirming a gross hydrocarbon column of approximately 1,000 meters, which includes a 100-meter oil column and a 900-meter gas-condensate column [3][4] Company Developments - BP's executive vice president for Production & Operations highlighted the strategic progress in 2025, including record plant reliability and multiple project start-ups, alongside exploration successes like Bumerangue [4] - The company anticipates an increase in Q3 upstream production, sales volumes, and refining margins compared to the previous quarter, with financial results expected to be released on November 4 [4]
Mercer International Inc. Announces Conference Call for Third Quarter 2025 Results
Globenewswire· 2025-10-20 20:53
Core Points - Mercer International will release its third quarter results for the period ending September 30, 2025, on November 6, 2025, after market close [1] - A conference call to discuss the results will be hosted by the President and CEO, Juan Carlos Bueno, and CFO, Richard Short, on November 7, 2025, at 10:00 am ET [1] 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]
NewMarket Corporation (NEU) to Acquire Mars TopCo, Boosting Aerospace and Defense Presence
Yahoo Finance· 2025-10-02 06:33
Group 1 - NewMarket Corporation (NYSE:NEU) has finalized a deal to acquire Mars TopCo, LLC from AE Industrial Partners, enhancing its position in the specialty chemicals sector [1][2] - The acquisition will allow NewMarket to expand its footprint in the aerospace and defense industries, particularly in mission-critical chemicals [2] - This agreement is expected to finalize in 2025 and marks NewMarket's second recent acquisition in the aerospace and defense sectors [2] Group 2 - NewMarket Corporation is a significant player in the petroleum additives market, supplying essential components for hydraulic fluids, engine oils, and biofuels across various sectors [3]
TotalEnergies SE (TTE) Announces the Start of Construction of the Final Two Major Components of Its $10-Billion Gas Growth Integrated Project (GGIP) in Iraq
Yahoo Finance· 2025-09-22 01:21
Group 1 - TotalEnergies SE has commenced construction on the final two major components of its $10 billion Gas Growth Integrated Project (GGIP) in Iraq, which includes the Common Seawater Supply Project and the Full Field Development of the Ratawi oil field [2][3] - The Ratawi development is expected to achieve a production rate of 210,000 barrels per day by 2028, with no routine flaring, and will capture and process all 160 million cubic feet per day of associated gas to generate approximately 1.5 GW of electricity for 1.5 million Iraqi households [3] - The project aims to replace freshwater usage with 5 million barrels per day of treated seawater, thereby conserving about 250,000 cubic meters of freshwater daily for agricultural purposes [2] Group 2 - TotalEnergies SE is recognized as a leading multi-energy company, involved in the production and marketing of oil, natural gas, biofuels, biogas, low-carbon hydrogen, renewables, and electricity [4] - The company is listed among the best clean energy stocks, indicating its strong position in the clean energy sector [4]
TotalEnergies (TTE) Secures New Exploration Permit off Congo Coast
Yahoo Finance· 2025-09-11 15:32
Group 1 - TotalEnergies SE has received the Nzombo exploration permit in the Republic of the Congo, enhancing its exploration portfolio [1][3] - The Nzombo permit covers an area of 1,000 km², with TotalEnergies operating 50% of it, while QatarEnergy and SNPC hold 35% and 15%, respectively [2] - Drilling for one exploration well is scheduled to commence before the end of 2025, indicating a strategic timeline for the project [2] Group 2 - The award of the Nzombo permit aligns with TotalEnergies' strategy to grow its exploration portfolio by leveraging existing facilities [3] - TotalEnergies continues its long-term collaboration with the Republic of the Congo, where it operates existing production facilities [3] - TotalEnergies is a global energy company involved in the production and sale of various energy sources, including oil, biofuels, natural gas, and renewable energy [4]
Mercer (MERC) Q2 Revenue Falls 9%
The Motley Fool· 2025-08-01 18:57
Core Insights - Mercer International reported a wider net loss and a year-over-year decline in both earnings and revenue for Q2 2025, with GAAP EPS at $(1.29) and revenue at $453.5 million, below estimates of $476.7 million [1][2] - The company suspended its regular dividend to preserve cash amid worsening profitability and uncertain market recovery [1][9] Financial Performance - Q2 2025 GAAP EPS was $(1.29), a decline of 27.7% from Q2 2024's $(0.96) [2] - Revenue for Q2 2025 was $453.5 million, down 9.2% from $499.4 million in Q2 2024 [2] - Operating EBITDA turned negative at $(20.9) million, a significant drop from a gain of $30.4 million in the previous year, indicating serious cost and pricing pressures [2][5] Segment Performance - Pulp segment revenue fell approximately 10% year-over-year to $332.3 million, with NBSK pulp prices declining 7% to $758 per air-dry metric ton [2][6] - Solid Wood segment revenue decreased by 10%, with a notable 65% drop in revenue from mass timber products due to reduced project activity [2][7] Strategic Focus - The company focuses on producing Northern Bleached Softwood Kraft (NBSK) pulp and solid wood products, with a strategy centered on cost-efficient manufacturing and sustainability [3][4] - Mercer holds a monopoly as Germany's only NBSK producer and is investing in products linked to global carbon-reduction trends [4] Challenges and Outlook - The company faces challenges from currency movements, high input costs, and weak demand in key markets, particularly China [8][12] - Management did not provide formal financial guidance but indicated that softwood pulp prices are likely to decrease, while lumber prices may rise [11]
Eni Q2 Earnings & Revenues Beat Estimates on Higher Liquids Production
ZACKS· 2025-07-28 14:25
Core Insights - Eni S.p.A reported second-quarter 2025 adjusted earnings of 79 cents per American Depository Receipt, exceeding the Zacks Consensus Estimate of 67 cents, but down from 98 cents in the same quarter last year [1][10] - Total revenues for the quarter were $21.7 billion, surpassing the Zacks Consensus Estimate of $20.7 billion, although this represents a decline from $24.8 billion a year ago [1][10] Operational Performance - Eni operates through four business segments: Exploration & Production, Global Gas & LNG Portfolio and Power, Refining and Chemicals, and Enilive and Plenitude [3] Exploration & Production - Total oil and gas production was 1,668 thousand barrels of oil equivalent per day, a decrease of 3% from 1,712 Mboe/d in the prior-year quarter [4] - Liquids production increased by 6% to 825 thousand barrels per day, while natural gas production fell to 4,415 million cubic feet per day, down from 4,888 mmcf/d a year ago [4] - The average realized price of liquids was $62.77 per barrel, down 19% from $77.25 a year ago, and the realized natural gas price was $7.14 per thousand cubic feet, down 2% from $7.26 [5] - The Exploration & Production segment reported a pro-forma adjusted EBIT of €2.4 billion, a decline of 33% from €3.6 billion in the second quarter of 2024, impacted by asset divestitures and natural declines in mature fields [6] Global Gas & LNG Portfolio and Power - Worldwide natural gas sales totaled 9.01 billion cubic meters, down 4% year over year, primarily due to lower wholesale segment sales [7] - The segment reported a pro-forma adjusted EBIT of €387 million, reflecting a 9% increase from €356 million in the prior year [8] Refining and Chemicals - Total refinery throughputs were 6.38 million tons, up from 5.82 million tons in the corresponding period of 2024 [9] - Petrochemical product sales decreased by 5% year over year to 0.72 million tons [9] - The segment reported a pro-forma adjusted negative EBIT of €193 million, flat year over year, affected by lower throughput volumes and refining margins [11] Enilive & Plenitude - Retail gas sales managed by Plenitude declined by 7% year over year to 0.68 billion cubic meters [12] - Plenitude's installed renewable capacity increased to 4.5 GW from 3.1 GW a year ago [12] - The segment reported a pro-forma adjusted EBIT of €262 million, down from €278 million a year ago, impacted by weaker biofuel margins [12] Financials - As of June 30, 2025, Eni had long-term debt of €19.8 billion and cash and cash equivalents of €9.2 billion [13] - Net cash generated by operating activities was €3.5 billion, with capital expenditures totaling €1.95 billion [13] Outlook - Eni expects full-year gross capital expenditures to be below €8.5 billion, down from prior guidance of approximately €9 billion [14] - Oil and gas production for 2025 is projected to be around 1.7 million barrels of oil equivalent per day, with third-quarter production expected in the range of 1.70-1.72 million boe/d [14]