Wingstop (NasdaqGS:WING) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Company ParticipantsAlex Kaleida - SVP and CFOAndy Barish - Managing DirectorChris O'Cull - Managing DirectorChristine Cho - VP of Equity ResearchGregory Francfort - Managing DirectorJon Tower - Director of Equity ResearchMichael Skipworth - President and CEOPeter Saleh - Managing DirectorSarah Niehaus - Senior Director of Investor RelationsConference Call ParticipantsBrian Harbour - Equity AnalystDanilo Gargiulo - Senior Research ...

Financial Data and Key Metrics Changes - In 2025, EQT generated $2.5 billion of free cash flow, significantly outperforming both consensus and internal expectations, with NYMEX natural gas prices averaging approximately $3.40 per million BTU for the year [9][17] - The company exited the year with net debt of just under $7.7 billion, including $425 million of working capital usage during the quarter [17] - Free cash flow attributable to EQT in the fourth quarter was nearly $750 million, approximately $200 million above consensus expectations [17] Business Line Data and Key Metrics Changes - Production consistently exceeded expectations throughout 2025, driven by compression project outperformance and robust well productivity, with compression projects generating a 15% greater than expected base production uplift [7][8] - Average well cost per lateral foot was 13% lower year-over-year and 6% below internal forecasts, while per unit lease operating expenses (LOE) were nearly 15% below expectations and approximately 50% lower than the peer average [8][9] Market Data and Key Metrics Changes - The natural gas market has tightened significantly, with winter to date being 5% colder than normal, driving significant demand and reducing inventories below the 5-year average [21] - Eastern storage levels are now 13% below the 5-year average, indicating a structural demand growth in the market [22] Company Strategy and Development Direction - EQT's strategy focuses on capital efficiency and cost structure while making smart investments at the right time to maximize per-share value creation [6] - The company plans to allocate the first $600 million of post-dividend free cash flow to high-return growth projects in 2026, including compression projects and strategic leasing [15][16] - EQT is investing in infrastructure to connect low-cost natural gas supply to demand centers, emphasizing the need for more pipeline infrastructure [11][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of reliability and operational strength during extreme weather events, such as Winter Storm Fern, which showcased the company's integrated operations [10][27] - The company anticipates generating approximately $6.5 billion in Adjusted EBITDA and $3.5 billion in Free Cash Flow attributable to EQT in 2026, with a projected cumulative free cash flow of over $16 billion over the next five years [15][16] Other Important Information - EQT's position as the second-largest marketer of natural gas in the U.S. is expected to have recurring positive impacts on financial performance due to persistent price volatility [8] - The company is focused on maintaining a disciplined maintenance capital program while investing in growth projects to strengthen its platform [14][15] Q&A Session Summary Question: Can you provide insight into the trend in your portfolio breakeven and sustaining capital for 2026? - Management indicated that the levered breakeven cost structure is around $2.20 and is rapidly decreasing as debt is repaid [32] Question: Can you quantify the uplift associated with Winter Storm Fern and lessons learned? - Management noted that uptime during the storm was 97.2%, showcasing a two-times factor outperformance compared to peers, and emphasized the importance of being opportunistic during volatility [36][38] Question: How do you see your strategic growth CapEx evolving over the next couple of years? - Management highlighted a focus on Mountain Valley projects and emphasized the importance of creating structural demand for volumes before considering upstream growth [52][56] Question: What is your gas sales strategy in light of market volatility? - Management explained that they aim to sell a significant portion of gas at first-of-month pricing to de-risk operations while maintaining flexibility to capture value during volatile periods [60][66] Question: When do you expect to see growth emerge in your production? - Management suggested that sustainable upstream growth discussions may begin around 2027, contingent on infrastructure development and demand visibility [81]

Prenetics Global (NasdaqGM:PRE) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Company ParticipantsDanny Yeung - Co-Founder and CEOStephen Lo - CFOConference Call ParticipantsAlex Hantman - AnalystGeorge Kelly - Managing Director and Senior Research AnalystThomas Forte - Managing Director and Senior Consumer Internet AnalystOperatorWelcome to the Prenetics' Fourth Quarter and Full-Year 2025 Earnings Conference Call. As a reminder, this call is being recorded. Your hosts today are Danny Yeung, Chief Exe ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 increased by 11% to $242.1 million, compared to $217.2 million in Q4 2024 [15] - Adjusted EBITDA rose to $31.2 million from $26.7 million in Q4 2024, marking a significant increase [20] - For the fiscal year, total revenue reached $961 million, a 7% increase from $895 million in the previous year [21] - Adjusted net income increased by 15% to $102.9 million, or $0.99 per diluted share, compared to $89.7 million, or $0.85 per diluted share in 2024 [21] Business Line Data and Key Metrics Changes - The company operated health and wellness centers on 206 ships at year-end, up from an average of 188 ships in fiscal 2024 [5] - MedSpa services were available on 153 ships, an increase from 147 ships at the end of fiscal 2024 [8] - Revenue per passenger per day and other key operating metrics showed across-the-board increases, reflecting enhanced productivity [8] Market Data and Key Metrics Changes - The company experienced a 2% increase in revenue days and a 1% increase in average guest spend, contributing significantly to revenue growth [16] - The maritime total revenue growth was partially offset by a $1.3 million decrease in destination resorts total revenue due to hotel closures [16] Company Strategy and Development Direction - The company is focusing on innovation and efficiency, including the introduction of AI technologies to enhance operations and revenue generation [10][15] - Strategic decisions included exiting land-based health and wellness centers in Asia and reorganizing operations in the UK and Italy to concentrate on higher growth areas [11][12] - The company plans to introduce health and wellness centers on six new ship builds in 2026, further solidifying its market leadership [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another year of outstanding performance in 2026, supported by strong financial results and strategic initiatives [5][10] - The outlook for 2026 includes expectations for total revenues to exceed $1 billion for the first time, with adjusted EBITDA projected to increase [23] Other Important Information - The company returned nearly $93 million to shareholders through stock buybacks and dividends while reducing outstanding debt [9] - Total cash at year-end was $17.5 million, with total debt net of deferred financing costs at $84 million, down from $98.6 million the previous year [21] Q&A Session Summary Question: Insights on AI integration and its impact on margins - Management confirmed that current guidance does not include potential impacts from AI initiatives, which are expected to show meaningful results in the second half of 2026 [26][27] Question: Consumer trends and pricing strategies - Management noted that while there may be slight additional discounting, overall higher prices are being accepted by consumers, indicating a positive trend in spending [28][29] Question: Dynamic pricing model rollout - The dynamic price optimization model will initially focus on pre-booking across 94% of vessels, with a broader rollout planned for later in the year [32][33] Question: Spa menu reformats - Management confirmed a proactive approach to condensing the spa menu to focus on popular items, aiming to enhance customer choice and increase conversion rates [34][36]

Analog Devices (NasdaqGS:ADI) Q1 2026 Earnings call February 18, 2026 10:00 AM ET Company ParticipantsChris Caso - Managing DirerctorHarlan Sur - Executive Director of Equity ResearchJeff Ambrosi - Senior Director and Head of Investor RelationsJoe Moore - Managing DirerctorJoshua Buchalter - Managing Director of Equity ResearchMatt Pan - AVP of Equity ResearchRichard Puccio - EVP and CFORoss Seymore - Managing DirerctorTimothy Arcuri - Managing DirerctorVincent Roche - CEO and ChairmanVivek Arya - Managing ...

Financial Data and Key Metrics Changes - Total revenue increased from $29.3 million in Q4 2024 to $30.9 million in Q4 2025, representing a 5.6% annual growth [11] - FFO in Q4 2025 was $13.3 million, a 4.6% increase year-over-year compared to $12.7 million in Q4 2024 [13] - AFFO totaled $14.9 million in Q4 2025, a 2.1% increase year-over-year from $14.6 million in Q4 2024 [14] - Interest expense decreased slightly to $7 million in Q4 2025, primarily due to recent FOMC interest rate cuts [12] Business Line Data and Key Metrics Changes - Occupancy increased from 90.1% to 90.6% during the quarter, with a weighted average lease term rising from 6.7 to 7 years [6] - The company sold an inpatient rehab facility at a 7.9% cap rate, resulting in a gain of approximately $11.5 million [7] - Acquired three properties totaling 113,000 sq ft for $64.5 million, all 100% leased with anticipated annual returns of 9.3%-9.5% [8] Market Data and Key Metrics Changes - The company received a 7.9% cap rate on the sale of the inpatient rehab facility and expects similar pricing on other dispositions [27] - Opportunities on the buy side are seen in the 9%-10% cap rate range [27] Company Strategy and Development Direction - The company is focused on capital recycling and selective acquisitions, with plans to maintain modest leverage levels [9] - Future acquisitions are expected to be funded through selected asset sales and revolver capacity [9] - The company anticipates significant growth from redevelopment projects expected to come online in mid-2026 and late 2026 [28] Management's Comments on Operating Environment and Future Outlook - Management noted that the transaction with the behavioral hospital operator is expected to occur all at once, with no plans for a staged closing [20] - The company expects leased occupancy to remain stable in the low nineties for the next couple of quarters, with potential growth in the second half of the year [33] - Management remains optimistic about the investment pipeline, indicating that opportunities still exist despite recent challenges [36] Other Important Information - The company declared a dividend of $0.4775 per common share for Q4 2025, marking a continuous increase since the IPO [10] - The company has signed definitive purchase and sale agreements for five properties expected to close between 2026 and 2027 [9] Q&A Session Summary Question: Update on the JRF Behavioral Hospital operator transaction - Management indicated that the transaction is expected to happen all at once, with significant progress anticipated in the first quarter [20] Question: Balancing transactions and potential increase in debt levels - Management aims to sequence dispositions and acquisitions effectively, maintaining current leverage levels without adding more [22][24] Question: Changes in cap rates for acquisitions or dispositions - Management noted a high demand for assets and expects similar cap rates for future dispositions, with opportunities in the 9%-10% range for acquisitions [27] Question: Expectations for occupancy rates - Management expects occupancy to remain stable in the low nineties for the next couple of quarters, with potential increases in the second half of the year [33] Question: Investment pipeline and opportunities - Management confirmed that opportunities still exist in the market, with a focus on both client business and brokered deals [36]

OptimumBank (NYSEAM:OPHC) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker3I will now hand the conference over to Seth Denison, Managing Director of Investor Relations. Please go ahead.Speaker4Good morning, everybody, and welcome to OptimumBank Holdings, Inc.'s fourth quarter 2025 earnings call. I'm joined here today with our CFO, Elliot Nunez, the chairman of our bank, Moishe Gubin, and the CEO of our bank, Tim Terry. Today, we're going to spend some time going over some of the details for the l ...

Constellium (NYSE:CSTM) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker1Constellium achieved strong results in 2025 that were ahead of our own expectations coming into the year, and despite the uncertain macroeconomic and end market environment. I want to thank each of our 11,500 employees for their commitment and relentless focus on safety and serving our customers. We delivered strong execution and demonstrated our ability to control costs throughout the year in 2025, and we believe we are wel ...

Huntsman (NYSE:HUN) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker14Greetings, and welcome to the Huntsman fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. You may be placed in the question queue at any time by pressing star one on your telephone keypad, and we ask you please ask one question and one follow-up, then return to the queue. As a reminder, this conference is being ...

Wingstop (NasdaqGS:WING) Q4 2025 Earnings call February 18, 2026 10:00 AM ET Speaker11Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Wingstop Inc.'s fiscal fourth quarter and full year 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please note that this conference is being recorded today, Wednesday, February 18th, 2026. On the call today ...