Financial Performance & Guidance - Q2 2025 diluted EPS was $1.85[9], compared to $2.07 in Q2 2024, representing a decrease of approximately 10%[11] - Year-to-date diluted EPS decreased by approximately 10% from $3.84 in 2024 to $3.46 in 2025[11] - The company increased its 2025 EPS guidance to a range of $6.06 to $6.46, up from the previous guidance of $5.68 to $6.08, representing an increase of approximately 6% at the midpoint[9, 12] - The company reaffirmed a 7% EPS growth for the Electric segment[9] - The company's Return on Equity (ROE) is 17%[9] Capital Investments & Rate Base - The company anticipates a $1.4 billion capital investment spending plan to remain intact[19] - Significant rate base growth is expected, with a Compound Annual Growth Rate (CAGR) of 9%[26] - The company expects to convert rate base growth into electric EPS growth near a 1:1 ratio[29] Projects & Regulatory Updates - Regulatory approval was obtained for the direct assignment of Abercrombie Solar and Solway Solar projects, totaling 345 MW[9] - A South Dakota rate case was filed, seeking a $5.7 million net revenue increase, representing a 12.5% increase, with a proposed ROE of 10.8%[9, 23] - The company is investing an estimated $230 million in wind repowering projects, with completion dates in 2024 and 2025[30] - The company is investing an estimated $80 million in Solway Solar, with completion dates in 2026-2027[30] - The company is investing an estimated $450 million in Abercrombie Solar, with completion dates in 2028[30] Manufacturing Platform - PVC pipe sales prices have declined since late 2022[48] - Year-over-year trends show sales prices down 15% QTD and 13% YTD, while sales volumes are up 11% QTD and 12% YTD[48]

Financial Performance - Boise Cascade's Q2 2025 sales were $1.7 billion, a decrease of 3% compared to Q2 2024[6] - Net income for Q2 2025 was $62.0 million, or $1.64 per share, compared to $112.3 million, or $2.84 per share, in Q2 2024[6] - Adjusted EBITDA for Q2 2025 was $119.0 million, a decrease of 34% compared to $181.2 million in Q2 2024[8] Segment Performance - Building Materials Distribution (BMD) sales were $1.6149 billion in Q2 2025, down from $1.6552 billion in Q2 2024[8] - Wood Products sales were $447.2 million in Q2 2025, down from $489.8 million in Q2 2024[8] - BMD Adjusted EBITDA was $91.8 million in Q2 2025, compared to $97.1 million in Q2 2024[8] - Wood Products Adjusted EBITDA was $37.3 million in Q2 2025, compared to $95.1 million in Q2 2024[8] Capital Allocation - Capital expenditures year-to-date (YTD) 2025 totaled $132 million, with $70 million allocated to Wood Products and $62 million to BMD[25] - Share repurchases YTD July 2025 amounted to approximately $96 million[25] Outlook for Q3 2025 - Wood Products Adjusted EBITDA is projected to be $20 - $30 million[26] - BMD Adjusted EBITDA is projected to be $70 - $80 million[26] - Total Company Adjusted EBITDA is projected to be $80 - $100 million, net of approximately $10 million of estimated unallocated corporate costs[26]

Financial Performance Highlights - Net income reached $64.2 million, up 24% QoQ and 28% YoY[2] - Return on Equity (ROE) hit 18.5%, a 303 Bps increase QoQ and 222 Bps YoY[2] - Efficiency Ratio improved to 23.1%, down 380 Bps QoQ and 116 Bps YoY[2] Portfolio and Deposit Growth - Commercial portfolio reached $10.8 billion, up 1% QoQ and 18% YoY[2] - Total deposits reached $6.4 billion, up 10% QoQ and 23% YoY[2] - Deposits composition: Corporations 37%, Financial Institutions 21%, Central Banks or designees 12%, Class A shareholders 25%, Brokers 5%, Multilateral 15%[15] Asset Quality and Credit Risk - Non-Performing Loans (NPLs) stood at 0.15%, up 1 Bps QoQ and 6 Bps YoY[2] - Stage 1 exposure represents 97.9% of the total credit portfolio, amounting to $11.923 billion[8] - Total Allowance for Credit Losses to Impaired Credits is 20%[7,8] Margins and Fees - Net Interest Margin (NIM) remained steady at 2.36% QoQ, but decreased 7 Bps YoY[2] - Net fees reached $19.9 million, up 88% QoQ and 59% YoY[2] Capitalization and Dividends - Common Equity Tier 1 (CET1) ratio stood at 150%[19] - Dividend payout ratio is 36%[20] Portfolio Diversification - Loans represent 71% of the credit portfolio, Contingencies 17%, Investment Portfolio 11%[4] - Investment Grade represents 86% of the Investment Portfolio[4] Guidance - Commercial Portfolio Growth: 10% - 12%[42] - Average Deposit Growth: 15% - 17%[42] - NIM: ~2.30%[42] - Efficiency Ratio: ~27%[42] - ROE: 15% - 16%[42] - CET1: 15% - 16%[42]

Financial Performance - Banco Santander Chile's net income attributable to shareholders for 6M25 was Ch$550355 million, a 628% increase year-over-year[65] - Net interest income for 6M25 reached Ch$1033547 million, up 260% year-over-year[65] - Total fees for 6M25 amounted to Ch$2967 billion, reflecting a 132% increase year-over-year[25,65] - Results from financial transactions totaled Ch$1342 billion, a 238% increase year-over-year[25,65] Balance Sheet and Loan Portfolio - Total loans reached Ch$40943 billion in 6M25, showing a 10% increase year-over-year[66] - Mortgage loans totaled Ch$17487 billion, a decrease of 01% year-over-year[66] - Commercial loans amounted to Ch$17545 billion, up 13% year-over-year[66] - Consumer loans reached Ch$5896 billion, increasing by 34% year-over-year[66] Efficiency and Asset Quality - The efficiency ratio was 353% in 6M25, positioning the bank as best in class[32,33,34] - The recurrence rate was 619%[34,35] - The NPL (Non-Performing Loans) ratio was 30%[40,79]

Financial Performance - PSEG's Q2 2025 net income was $585 million, or $1.17 per share, compared to $434 million in Q2 2024[21, 12] - PSEG's Q2 2025 non-GAAP operating earnings were $384 million, or $0.77 per share[21, 12] - For the first half of 2025, PSEG's net income was $1.174 billion, compared to $966 million for the same period in 2024[26] - PSEG reaffirms its full-year 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share, representing approximately a 9% increase at the midpoint over 2024 results[14, 15] Capital Investment and Growth - PSE&G invested approximately $0.9 billion in Q2 2025 and approximately $1.7 billion year-to-date, with a regulated capital investment program of approximately $3.8 billion for 2025 on track[12, 34] - PSEG's regulated capital investment program for 2025-2029 is projected to be $21 billion to $24 billion, driven by infrastructure modernization, energy efficiency, and growing customer demand[12] - PSEG anticipates a long-term non-GAAP earnings growth outlook of 5%-7%, based on the midpoint of the 2025 guidance range[18] - Approximately 90% of PSEG's projected non-GAAP operating earnings over the 2025-2029 period are expected to come from PSE&G[18] PSE&G Operations and Regulatory Updates - PSE&G successfully managed a summer peak load of 10,229 MW on June 24th, the highest system load since 2013[12] - PSE&G's residential electric and gas customer count each grew by approximately 1% for the trailing 12 months ended June 30, 2025[35] - The BPU approved an annual revenue increase of $49 million for investments under the GSMP II Extension, effective August 1, 2025, and $9 million for investments under IAP, effective May 1, 2025[35] PSEG Power and Nuclear Generation - PSEG Nuclear achieved a capacity factor of 88.8% for Q2 2025 and 94.3% year-to-date[12, 37] - Total nuclear generation is forecasted to be 30-32 TWh for 2025[42]

Financial Performance - Second Quarter 2025 adjusted EBITDA reached approximately $2 billion[13], reflecting a 12% increase compared to the previous quarter[14] - Net income for 2Q 2025 increased by 23% to $853 million[14] - The company repaid nearly $600 million of senior notes[14] - 2025 adjusted EBITDA guidance is in the range of $8 billion to $845 billion[19] Operational Highlights - NGL volumes increased by 18% in 2Q 2025[14] - Refined products volumes increased by 7% in 2Q 2025[14] - Natural gas processed volumes increased by 6% in 2Q 2025[14] - NGL raw feed throughput volumes increased across all regions, with Gulf Coast/Permian and Mid-Continent regions each experiencing a 20% increase, and the Rocky Mountain region a 13% increase[32] Growth and Strategy - The company anticipates additional synergies beyond 2025, building on the $250 million included in the 2025 guidance[16] - Refined products pipeline expansion to the Denver area is expected to increase system capacity by 35000 bpd with completion expected in mid-2026[37] - The company is strategically positioned to capitalize on industrial demand growth, particularly from data centers, LNG, and ammonia facilities[47, 50]

Financial Performance - Crescent Energy's Q2 2025 Adjusted EBITDAX was approximately $514 million[17] - The company generated approximately $171 million in Levered Free Cash Flow during Q2 2025[17] - Crescent Energy repurchased approximately $28 million of shares at an average price of $788 per share during Q2 2025[13] - The company has ~$110 million of non-core divestitures YTD[15] Production and Operations - Q2 2025 production averaged approximately 263 Mboe/d, with approximately 41% oil and approximately 59% liquids[17] - Eagle Ford net production was approximately 173 Mboe/d with approximately 42% oil[33] - Uinta net production was approximately 23 Mboe/d with approximately 62% oil[39] - Drilling and completions efficiency gains of ~15% and ~33%, respectively, since 2023 in Eagle Ford[34] Outlook and Strategy - Capital Expenditures are expected to be between $910 million and $990 million for FY'25[20, 64] - Cash taxes are now projected to be 0% of Adjusted EBITDAX for FY'25, a decrease from the prior outlook of 20%-50%[20, 64] - The company closed acquisition of minerals and royalty assets for ~$72 million[15, 46]

Financial Performance & Guidance - Q2 2025 revenue was $833.8 million[42], while adjusted EBITDA was $140.8 million[42], and adjusted EBITDA margin was 16.9%[8] - 2025 full-year revenue guidance is $3.10 billion to $3.30 billion[8], revised down from the previous guidance of $3.25 billion to $3.45 billion[8] - 2025 full-year adjusted EBITDA guidance is $475 million to $525 million[8], revised down from the previous guidance of $530 million to $580 million[8] - 2025 adjusted EBITDA margin guidance is 15.6%[8], revised down from the previous guidance of 16.6%[8] Factors Affecting Results - Wet weather impacted volumes and margins in Q2 2025, particularly in the Central and Mountain regions[7, 12] - The Oregon economy's reduced demand impacted results, with DOT construction budget diverted from asphalt paving to megaprojects[7, 15, 20] Backlog & Infrastructure Funding - Record backlog driven by infrastructure investment, with a 27% increase from Q2 2024 to Q2 2025, reaching $1.3 billion[22] - Secured backlog includes 91% dedicated public funding[22] - DOT budgets in KNF states are growing 14% for fiscal year 2026[32] Segment Performance - West segment revenue was $317.4 million, down 5%[42], with adjusted EBITDA of $60.7 million[42] and a TTM adjusted EBITDA margin of 17.6%[42] - Mountain segment revenue was $176.1 million, down 9%[42], with adjusted EBITDA of $30.9 million[42] and a TTM adjusted EBITDA margin of 14.0%[42] - Central segment revenue was $255.2 million, up 19%[42], with adjusted EBITDA of $44.4 million[42] and a TTM adjusted EBITDA margin of 15.5%[42] - Energy Services revenue was $97.4 million, up 28%[42], with adjusted EBITDA of $17.1 million[42] and a TTM adjusted EBITDA margin of 17.6%[42] Capital Management - Net debt is $1.3434 billion[51], with a net leverage ratio of 3.1x[51] - Available liquidity is $321 million, including $294 million from the revolver[51] Product Line Results - Aggregates volume decreased by 6% from 9.408 million tons in Q2 2024 to 8.826 million tons in Q2 2025, but average selling price increased by 12% from $16.84 per ton to $18.80 per ton[45] - Asphalt volume decreased by 9% from 1.813 million tons in Q2 2024 to 1.643 million tons in Q2 2025, but average selling price increased by 3% from $65.82 per ton to $67.45 per ton[45]

Financial Performance - Adjusted EPS for YTD Q2 2025 was $2.28, compared to $1.60 in the prior year[15] - NWN Gas Utility's net income increased by $4.5 million in Q2 2025, primarily due to new rates in Oregon effective November 1, 2024[21] - SiEnergy Gas Utility reported a net income increase of $1.0 million in Q2 2025, reflecting its first year of results after acquisitions[21] - NWN Water Utility's net income increased by $1.8 million in Q2 2025, mainly due to new rates at Foothills and incremental earnings from ICH utilities[21] - NW Natural Holdings reaffirms its 2025 adjusted EPS guidance of $2.75 - $2.95[15,30] Growth and Expansion - The company added over 92,000 gas and water utility connections in the last 12 months, representing a combined growth rate of 10.6% as of June 30, 2025, largely driven by Texas acquisitions[15] - Strong first half 2025 organic customer growth of 1.9% (annualized) on a consolidated basis[15] - SiEnergy's combined customer backlog has grown to more than 217,000[16] - Consolidated customer growth of 2.0% – 2.5% is expected in 2025[30] Strategic Initiatives - NW Natural Holdings expects to issue $65 – $75 million in equity for the full year 2025[31] - The company completed the acquisition of Pines gas utility (formerly Hughes), adding scale to SiEnergy[15] - A settlement was reached in NW Natural's Oregon general rate case, providing a $21.3 million revenue requirement increase and a 9.5% ROE[16]

Financial Performance - Record adjusted earnings per share of $2.95 in Q2 2025, up 8% versus 2Q24, with segment margins of 23.9%, up 20 bps versus 2Q24[4] - Sales reached $7.028 billion in 2Q 2025, an 11% increase compared to $6.350 billion in 2Q 2024[23] - Adjusted earnings increased by 5% from $1.096 billion in 2Q 2024 to $1.155 billion in 2Q 2025[23] Growth and Orders - Organic growth of 8%, driven by 12% growth in Electrical Americas, 11% in Aerospace and 7% in Electrical Global[4] - Electrical Americas data center orders are up approximately 55% and revenue up approximately 50% versus 2Q24[5] - Order acceleration in Electrical Americas up 2% and strong Aerospace growth up 10% on a rolling 12-month basis[4] Segment Performance - Electrical Americas sales increased by 16% to $3.350 billion in 2Q 2025 from $2.877 billion in 2Q 2024[24] - Aerospace sales increased by 13% to $1.080 billion in 2Q 2025 from $955 million in 2Q 2024[29] - Vehicle segment sales decreased by 8% to $663 million in 2Q 2025 from $723 million in 2Q 2024[31] Guidance and Outlook - Raising 2025 guidance for organic growth, segment margin and adjusted EPS at the midpoint[6] - Full year 2025 adjusted earnings per share guidance is $11.97 - $12.17 and organic growth is 8.5% - 9.5%[39] - Full year 2025 free cash flow guidance is $3.7 billion - $4.1 billion and share repurchases are $2.0 billion - $2.4 billion[39]