Pembina Pipeline (NYSE:PBA) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker8Hello, everyone. Thank you for joining us, and welcome to the Pembina Pipeline Corporation Q4 2025 Results digital conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdraw your question, press star 1 again. I will now hand the call over to Dan McNeil, Vice President of Capital Markets. Please ...

Financial Data and Key Metrics Changes - The company reported distributable earnings of $46.3 million or $0.22 per share for Q4 2025, excluding one-time realized losses of $12.4 million and $7.3 million from reduced tax expenses [23][24] - Total non-performing assets were approximately $1.1 billion, down by over $130 million from the last quarter, representing an 11% reduction [5][25] - The company estimates that non-performing assets are creating a temporary drag of $80 million-$100 million annually, translating to $0.40-$0.48 per share [26] Business Line Data and Key Metrics Changes - The agency platform had a strong fourth quarter with $1.6 billion in origination volume, totaling $5 billion for the year, a 13.5% increase from 2024 [13] - The servicing portfolio grew by 8% in 2025 to over $36 billion, generating predictable annual income of over $128 million [14][30] - The balance sheet lending operation originated $340 million in Q4, closing 2025 at $1.2 billion in production [14] Market Data and Key Metrics Changes - The company is optimistic about reducing REO assets to $250 million-$300 million by the end of 2026, despite adding $100 million-$200 million of REO assets along the way [7][28] - The average yield on the investment portfolio was 7.08% at December 31, 2025, compared to 7.27% at September 30, 2025 [31] - The all-in cost of debt decreased to approximately 6.45% at December 31, 2025, from 6.72% at September 30, 2025 [32] Company Strategy and Development Direction - The company aims to resolve non-performing loans to improve income, estimating an addition of $100 million to annual run rate upon resolution [4][5] - The focus is on legacy assets, with a strategy to reset interest rates on current loans to market spreads to enhance performance [9][10] - The company plans to continue its buyback strategy, having purchased approximately $20 million of stock at an average price of $7.40, or 64% of book value [12] Management's Comments on Operating Environment and Future Outlook - Management believes the company is at the bottom of the cycle and is optimistic about resolving delinquencies and improving income streams [4][21] - The outlook for the interest rate environment has improved, which is expected to support growth in origination volume and returns on capital [21] - Management acknowledges potential headwinds but sees signs of stabilization in property performance and liquidity returning to the market [51] Other Important Information - The company has a large pipeline for 2026, with expectations to produce similar origination volumes as in 2025 [20] - The agency business generates approximately 50% of net revenues, with most income occurring before daily operations begin [14] - The company is closely monitoring the performance of its assets and is prepared to address any new delinquencies as they arise [9][51] Q&A Session Summary Question: How are you thinking about 2026 GSE originations relative to the $5 billion number? - Management indicated that 2026 GSE originations will depend on interest rates and the GSE's cap increase, feeling comfortable targeting similar levels as 2025 [35] Question: Do you expect servicing fee compression to continue into 2026? - Management explained that servicing fee compression is driven by changes in loan products and expects this dynamic to level off towards the end of the year [36][37] Question: Have you seen any credit issues in your build-to-rent borrowers? - Management reported that the SFR book is performing exceptionally well, with no delinquent loans in this category [42][43] Question: Can you provide geographic color on delinquent/REO book weaknesses? - Management noted softness in markets like Houston and Atlanta, primarily due to economic factors and immigration issues [45][46] Question: What are your thoughts on maintaining the dividend in 2026? - Management emphasized the importance of resolving delinquencies quickly to restore earnings and maintain the dividend, with a focus on long-term perspectives [53][55]

Grupo Televisa (NYSE:TV) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker6Good morning, everyone, welcome to Grupo Televisa's fourth quarter and full year 2025 conference call. Before we begin, I would like to draw your attention to the press release, which explains the use of forward-looking statements and applies to everything we discuss in today's call and in the earnings release. I will now turn the call over to Mr. Alfonso de Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ...

Main Street Capital (NYSE:MAIN) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker6Greetings, welcome to the Main Street Capital fourth quarter earnings conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Zach Vaughan. Tha ...

RLJ Lodging Trust (NYSE:RLJ) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker6Welcome to the RLJ Lodging Trust fourth quarter 2025 earnings call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. I would now like to turn the call over to John Paul Austin, Director of ...

FEBRUARY 27, 2026 Fourth Quarter and Year End 2025 Results Keephills, Alberta Forward-looking Statements and Non-IFRS Measures This presentation includes "forward-looking information," within the meaning of applicable Canadian securities laws, and "forward-looking statements," within the meaning of applicable United States securities laws, including the Private Securities Litigation Reform Act of 1995 (collectively referred to herein as "forward-looking statements"). Forward-looking statements are not facts ...

NYSE: DK Exhibit 99.2 NYSE: DKL Fourth Quarter 2025 Earnings Conference Call February 27, 2026 Disclaimers Forward Looking Statements: Delek US Holdings, Inc. ("Delek US") and Delek Logistics Partners, LP ("Delek Logistics"; and collectively with Delek US, "we" or "our") are traded on the New York Stock Exchange in the United States under the symbols "DK" and "DKL", respectively. These slides and any accompanying oral or written presentations contain forward-looking statements within the meaning of federal ...

National Health Investors (NYSE:NHI) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker8Greetings, welcome to the NHI 4th Quarter 2025 Earnings Webcast and Conference Call. At this time, all participants are on a listen-only mode, and a question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note, this conference is being recorded. I will now turn the conference over ...

Nexa Resources (NYSE:NEXA) Q4 2025 Earnings call February 27, 2026 10:00 AM ET Speaker4Good morning, ladies and gentlemen, and welcome to Nexa Resources fourth quarter and full year 2025 earnings conference call. Please note that today's event is being recorded and broadcast live via Zoom, with access also through Nexa's Investor Relations website. A slide presentation accompanying the webcast is available for download, as well as a replay of the conference call following its conclusions. As a reminder, all ...

Red Cat (NasdaqCM:RCAT) Update / briefing February 27, 2026 09:30 AM ET Company ParticipantsBarry Hinckley - President of Blue OpsChris Ericson - COOChristian Morrison - CFOGeoff Hitchcock - Chief Revenue OfficerJeff Thompson - CEOStan Nowak - VP of MarketingConference Call ParticipantsAlex Latimore - AnalystAustin Bohlig - AnalystCraig Irwin - AnalystJason Ader - AnalystJosh Bennett - AnalystJosh Sullivan - AnalystMike Glick - AnalystMike Latimore - AnalystNed Morgan - AnalystStan NowakWelcome to West Palm ...