Pennantpark Floating Rate Capital (NYSE:PFLT) FY 2026 Annual General Meeting February 03, 2026 09:45 AM ET Company ParticipantsArt Penn - CEO and ChairmanThomas Friedmann - SecretaryArt PennGood morning. This is Art Penn, CEO and Chairman of PennantPark Floating Rate Capital. As presiding officer, and in keeping with the digital approach to this year's meeting, it's now 9:45 A.M. Eastern Standard Time on February third, 2026, and I hereby call this virtual meeting to order and welcome you to the 2026 Annual ...

Financial Data and Key Metrics Changes - The company held its annual meeting on February 3, 2026, but specific financial data and key metrics were not disclosed during the meeting [1][11]. Business Line Data and Key Metrics Changes - No specific data or key metrics related to individual business lines were provided during the meeting [1][11]. Market Data and Key Metrics Changes - There was no discussion of market data or key metrics changes during the meeting [1][11]. Company Strategy and Development Direction and Industry Competition - The company ratified the selection of RSM US LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [10]. Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][11]. Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to submit questions through the web portal [5][11]. - The election of two directors, Arthur Penn and Jose A. Briones Jr., for a three-year term was successfully completed [10]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting concluded without any further inquiries from stockholders [11].

Financial Data and Key Metrics Changes - The company held its Annual General Meeting on February 3, 2026, but specific financial data and key metrics changes were not disclosed during the meeting [1][2]. Business Line Data and Key Metrics Changes - No detailed information regarding changes in various business lines was provided during the meeting [1][2]. Market Data and Key Metrics Changes - There was no specific market data or key metrics changes discussed in the meeting [1][2]. Company Strategy and Development Direction - The company ratified RSM U.S. LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [8]. Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][2]. Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to participate through a web portal [1][2]. - The election of two directors, Samuel Katz and Marshall Brozost, was successfully completed, with both elected for a three-year term [8]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting was closed without addressing any inquiries from stockholders [9].

MPLX (NYSE:MPLX) Q4 2025 Earnings call February 03, 2026 09:30 AM ET Company ParticipantsC. Kristopher Hagedorn - VP and ControllerGregory Floerke - EVP of OperationsKristina Kazarian - VP, Finance and Investor RelationsMaryann Mannen - President and CEOShawn Lyon - SVP of Logistics and StorageConference Call ParticipantsElvira Scotto - Managing Director, Senior Equity Research AnalystJohn Mackay - AnalystKeith Stanley - AnalystManav Gupta - AnalystOperatorWelcome to the MPLX fourth quarter 2025 earnings ca ...

Financial Data and Key Metrics Changes - The company held its annual meeting on February 3, 2026, but specific financial data and key metrics changes were not disclosed during the meeting [1][10]. Business Line Data and Key Metrics Changes - No detailed information regarding changes in various business lines was provided during the meeting [1][10]. Market Data and Key Metrics Changes - The meeting did not include specific market data or key metrics changes relevant to the company's performance [1][10]. Company Strategy and Development Direction and Industry Competition - The company ratified the selection of RSM US LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2026, indicating a focus on maintaining strong governance and compliance [9][10]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][10]. Other Important Information - The meeting was conducted virtually, and technical support was available for attendees [1][4]. - The company elected two directors, Samuel Katz and Marshall Brozost, for a three-year term, which reflects ongoing governance and leadership continuity [9][10]. Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting concluded without addressing any inquiries from stockholders [10].

MPLX (NYSE:MPLX) Q4 2025 Earnings call February 03, 2026 09:30 AM ET Company ParticipantsC. Kristopher Hagedorn - VP and ControllerGregory Floerke - EVP of OperationsKristina Kazarian - Head of Investor RelationsMaryann Mannen - President and CEOShawn Lyon - SVP of Logistics and StorageConference Call ParticipantsElvira Scotto - Managing Director, Senior Equity Research AnalystJohn Mackay - AnalystKeith Stanley - AnalystManav Gupta - AnalystOperatorWelcome to the MPLX fourth quarter 2025 earnings call. My n ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for 2025 reached just over $7 billion, reflecting a mid-single-digit three-year growth CAGR [4] - Adjusted EBITDA for the fourth quarter increased by 2% year-over-year to $1.8 billion, while Distributable Cash Flow decreased by 4% to $1.4 billion due to increased interest expenses [16][18] - Total returns for 2025 amounted to $4.4 billion, with a distribution increase of 12.5% [4][18] Business Line Data and Key Metrics Changes - In the crude oil and products logistics segment, adjusted EBITDA increased by $52 million year-over-year, driven by a revised FERC tariff and higher rates, despite a 2% decrease in terminal volumes [13] - The natural gas and NGL services segment saw adjusted EBITDA decrease by $10 million year-over-year, primarily due to the divestiture of non-core assets and lower NGL prices, although gathered volumes increased by 2% [14] Market Data and Key Metrics Changes - Natural gas demand in the U.S. is expected to grow over 15% through 2030, driven by LNG export capacity expansion and rising power needs [5] - The company is experiencing higher gas-to-oil ratios in key shale basins, which is increasing supplies of NGL-rich gas [5] Company Strategy and Development Direction - The company plans to invest $2.4 billion in 2026, focusing on capital projects that support long-term structural growth, particularly in the natural gas and NGL services segment [5] - The strategy includes optimizing the portfolio through divestitures of non-core assets to align future capital deployment with the strongest return opportunities [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the energy market and the company's ability to capture value from growth opportunities [7] - The company anticipates growth in 2026 to exceed that of 2025, driven by increased throughput on existing assets and new assets coming online [19] Other Important Information - The company has secured key construction permits for its projects, reflecting strong regulatory and stakeholder engagement [10] - The Titan Treating Complex is expected to treat over 400 million cubic feet per day of sour gas by the end of 2026 [7] Q&A Session Summary Question: Can you talk about your confidence in the mid-teens return target for the project backlog? - Management emphasized strict capital discipline and the expectation of mid-teens returns from capital investments, supporting mid-single-digit growth [22][23] Question: Can you provide an update on the commercialization of Northwind synergy projects? - Management confirmed that the Northwind sour gas facility is critical for future growth and will support both legacy and new volumes [26][27] Question: How do recent trends in the upstream community affect your growth outlook? - Management indicated that recent consolidations among upstream customers do not pose immediate risks to contract renegotiations [46] Question: What are the expectations for growth in 2026 compared to 2025? - Management stated that growth in 2026 is expected to be stronger than in 2025, inclusive of headwinds from the Rockies asset sale [50][51] Question: How does the new FERC index change impact your outlook? - Management noted that the negative FERC adder was anticipated and is already factored into their growth plans [52] Question: Can you comment on new growth projects in the Marcellus? - Management highlighted the importance of the Harmon Creek III project and its expected contribution to capacity and returns [55]

Financial Data and Key Metrics Changes - The company held its FY 2026 Annual General Meeting on February 3, 2026, where it reported on its financial performance and key metrics [1][10] - The results of the voting indicated that the proposals for the election of directors and the ratification of the independent registered public accounting firm were accepted by the stockholders [9][10] Business Line Data and Key Metrics Changes - Specific financial data and performance metrics for individual business lines were not disclosed during the meeting [10] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed in the meeting [10] Company Strategy and Development Direction - The company is focused on maintaining strong governance with the election of two directors for a three-year term, indicating a commitment to stable leadership [7][9] - The ratification of RSM US LLP as the independent registered public accounting firm suggests a focus on compliance and transparency in financial reporting [9] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [10] Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to participate through a web portal [1][5] - The company emphasized the importance of technical support for participants experiencing difficulties during the meeting [1] Q&A Session Summary - No questions were submitted during the Q&A session, and the meeting was closed without addressing any inquiries from stockholders [10]

Merck & Co (NYSE:MRK) Q4 2025 Earnings call February 03, 2026 09:00 AM ET Company ParticipantsCaroline Litchfield - CFODean Li - President of Research LaboratoriesEvan Seigerman - Managing Director and Head of Healthcare ResearchPeter Dannenbaum - SVP of Investor RelationsRob Davis - Chairman and CEOUmer Raffat - Senior Managing Director and Head of Large Cap Therapeutics ResearchConference Call ParticipantsAkash Tewari - Managing Director and Senior Equity Research AnalystAlex Hammond - Senior Biopharma Eq ...

RPC (NYSE:RES) Q4 2025 Earnings call February 03, 2026 09:00 AM ET Company ParticipantsBen Palmer - President and CEOJohn Daniel - Founder and Managing PartnerMike Schmidt - CFOConference Call ParticipantsCharles Minervino - Equity Research AnalystDerek Podhaizer - Senior Equity Research AnalystDon Crist - Equity Research AnalystOperatorGood morning, and thank you for joining us for RPC Inc.'s fourth quarter 2025 earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO, and Mik ...