Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $2.06 for Q1 2026, aligning with expectations and reflecting a solid start to the fiscal year [4][13] - Adjusted EBITDA increased by 29% compared to the prior year, driven by higher production and natural gas prices [4] Business Line Data and Key Metrics Changes - The integrated upstream and gathering segment achieved net production of 109 BCF, a 12% increase over Q1 2025, highlighting the strength of the Tioga Utica program [23] - The utility business filed a new rate case in Pennsylvania requesting a $20 million increase, which, if approved, would raise customer bills by about 11% [9][10] Market Data and Key Metrics Changes - Natural gas prices have shown significant volatility, with the February contract settling at nearly $7.50, a 140% increase from two weeks prior, marking a record move in NYMEX history [15] - The company anticipates a price environment for natural gas in the $3-$5 range, supported by strong structural demand from LNG exports and power generation [27] Company Strategy and Development Direction - The company is focused on operational excellence and growth, with plans to expand Seneca's inventory and improve capital efficiency, targeting a 30% gain since 2023 [6] - The company is optimistic about future pipeline expansion opportunities and is actively engaged in discussions for additional projects [7][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the natural gas market, citing all-time high demand and bipartisan support for an all-of-the-above energy approach [5][11] - The adjusted EPS guidance for the full year remains unchanged at $7.60-$8.10, with expectations for a 14% growth over the previous year [14][21] Other Important Information - The company is progressing with the acquisition of CenterPoint's Ohio LDC, expected to close in Q4 2026, with financing secured through a $350 million private placement [12][18] - Regulatory changes in Ohio are expected to shorten the rate case timeline and provide greater certainty in achieving allowed returns [20] Q&A Session Summary Question: Ability to take advantage of local price spikes - The company has a marketing portfolio that allows it to keep some gas available to take advantage of high local prices during cold weather [32][33] Question: Future growth projects in the pipeline business - Management indicated that there are additional opportunities for pipeline projects beyond the announced Tioga Pathway, with ongoing interest in the area [34][35] Question: Impact of federal permitting reform on pipeline projects - Management believes that permitting reform would expedite project development but does not fundamentally change their view on pipeline development [39] Question: Optimal production growth rate - The company aims for a mid-single digit growth rate, contingent on interstate pipeline capacity and market conditions [48] Question: Plans for further delineation or testing in the Upper Utica zone - The company is actively appraising and delineating additional locations in both the upper and lower Utica, with over 400 locations identified [50][51] Question: Variability of the frac barrier between upper and lower Utica - The company has a good understanding of the thickness of the impermeable barrier across its acreage, which is consistent and effective [72] Question: Incremental takeaway industry-wide from the basin - Management noted ongoing projects that are increasing takeaway capacity and expressed cautious optimism about future developments [76][77]

Origin Bancorp (NYSE:OBK) Q4 2025 Earnings call January 29, 2026 09:00 AM ET Speaker0Good morning and thank you for joining us today. We issue our earnings press release every afternoon, a copy of which is available on our website, along with a slide presentation that we will refer to during this call. We're at page 2 of our slide presentation, which includes our safe harbor statements regarding forward-looking statements and use of non-GAAP financial measures. For those of you joining by the phone, please ...

Financial Data and Key Metrics Changes - In 2025, Brookfield Infrastructure generated funds from operations (FFO) of $2.6 billion, reflecting a 10% increase compared to 2024 when normalized for asset sales and foreign exchange [4] - The fourth quarter FFO reached a record of $0.87 per unit, leading to a 6% increase in quarterly distribution to $1.82 per unit, marking the 17th consecutive year of distribution increases of at least 5% [4][5] Business Line Data and Key Metrics Changes - The transport segment generated FFO of $1.1 billion, consistent with the prior year after normalizing for $1.8 billion of capital recycling initiatives, with revenue growth in rail and toll road segments averaging 2% and 3% respectively [5] - The midstream segment's FFO increased by 7% year-over-year to $668 million, driven by higher volumes in Canadian natural gas operations and a newly acquired US refined products pipeline [6] - The data segment saw FFO of $502 million, a more than 50% increase compared to the previous year, attributed to new investments and strong organic growth in data storage [6] Market Data and Key Metrics Changes - The company reported record liquidity of $6 billion at the end of 2025, bolstered by $3.1 billion in asset sale proceeds [8] - The global data center platform has development potential of approximately 3.6 gigawatts, with contracted capacity exceeding 2.3 gigawatts [7] Company Strategy and Development Direction - Brookfield Infrastructure is focusing on AI infrastructure investing, leveraging sector tailwinds to create durable value for unitholders [2][10] - The company is applying a risk-focused approach to AI infrastructure, emphasizing long-term contracts and selective investment in strong counterparties [11][12] - The strategic initiatives include deploying approximately $1.5 billion into new investments and maintaining a robust pipeline of opportunities across sectors and geographies [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a constructive backdrop for infrastructure in 2026, driven by digitalization, decarbonization, and deglobalization trends [19] - The company anticipates returning to a growth target of 10% or higher per unit in 2026, supported by resilient cash flows and a strong capital deployment outlook [20] Other Important Information - The company completed approximately $16 billion in financings to de-risk operating company balance sheets [3] - The company has secured two transactions expected to generate attractive returns, including a sale of a Brazilian electricity transmission concession and a capital partnership for data centers in North America [9] Q&A Session Summary Question: Can you elaborate on your contract approach to mitigate technology risk in data centers? - Management explained that long-term contracts (15 years) help manage technology risk by ensuring that any necessary infrastructure changes are not at their cost, allowing them to focus on core infrastructure [24][28] Question: Can you provide details on the KKR acquisition of a stake in a portfolio of data centers? - Management stated they cannot disclose specific transaction details but confirmed joint ventures with institutional investors, including KKR, across various markets [32][34] Question: What is the expected inflation indexation across geographies in 2026? - Management indicated that inflation indexation in OECD markets is expected to average between 2% and 3%, while emerging markets like India and Brazil may see inflation pass-through in the range of 2%-4% [45] Question: Can you provide an update on the capital backlog and its drivers? - Management noted that the data center platform saw significant growth, with a backlog increase driven by new contracts and acquisitions, particularly in North America and Europe [49][51] Question: How does the Canada-Alberta MOU impact midstream investments? - Management stated it is too early to determine the MOU's impact but noted existing growth initiatives and a strong operational environment in Canada [64][66]

Financial Data and Key Metrics Changes - Revenues for Q4 2025 were $16.9 million, a 17% increase from $14.5 million in Q4 2024, exceeding guidance of $15 to $16 million [8][20] - Gross profit for Q4 2025 was $5.1 million, with a gross margin of 30.2%, compared to a gross profit of $4.2 million and a gross margin of 29.1% in Q4 2024 [21] - Net loss for Q4 2025 was $1.9 million, an improvement from a net loss of $5.1 million in Q4 2024, with loss per share decreasing from $0.87 to $0.34 [22][23] Business Line Data and Key Metrics Changes - The company achieved eight major new design wins in 2025 across edge systems, SmartNIC, and FPGA solutions, indicating strong demand for core products [9][10] - The opportunity pipeline is broader than ever, with expectations for 7 to 9 design wins in the current year, supporting continued growth [10][18] Market Data and Key Metrics Changes - Geographical revenue breakdown for the last 12 months: North America 74%, Europe and Israel 17%, Far East and rest of the world 9% [20] - One customer accounted for approximately 14% of revenues, indicating reliance on a limited number of customers for substantial revenue growth [20] Company Strategy and Development Direction - The company is focusing on three major growth areas: AI inference, post-quantum cryptography, and white label switching, which are expected to drive significant revenue growth [11][12][16] - The strategy includes leveraging existing customer relationships and IP to capitalize on new market opportunities while maintaining a strong balance sheet [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for accelerated double-digit revenue growth in 2026 and beyond, supported by a solid foundation of design wins and customer engagements [10][17] - The company anticipates that the core business will remain strong, with new opportunities expected to contribute to growth in the future [25][26] Other Important Information - The company reported a strong balance sheet with $111 million in working capital and marketable securities, including $74 million in cash and no debt [10][23] - Management emphasized the importance of early positioning in emerging markets and the need for credibility and execution to capitalize on growth opportunities [12][18] Q&A Session Summary Question: Timeline comparison for new opportunities - Management indicated that all three new opportunities are in initial stages, with core business expected to remain strong in 2026 [25] Question: Sales cycles and design processes - Management expects faster sales cycles due to leveraging existing IP and know-how, which should facilitate quicker revenue generation [26] Question: Changes to sales process or investments - Management believes the current team structure is adequate to support growth and plans to maintain existing investments without significant increases [27] Question: Specifics on AI inference use cases - Management clarified that AI inference challenges involve connectivity bottlenecks across various deployment types, creating opportunities for their solutions [30][31] Question: R&D spending for new opportunities - Management does not foresee the need for increased R&D spending at this time but has the capability to do so if necessary [32]

Financial Data and Key Metrics Changes - Kenvue's special meeting confirmed the approval of the Merger Proposal, indicating a significant strategic move for the company [4][6] - The Advisory Compensation Proposal was also approved, reflecting shareholder support for management's compensation related to the merger [6] Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided in the meeting [1][2] Market Data and Key Metrics Changes - The meeting did not present detailed market data or metrics [1][2] Company Strategy and Development Direction - The company is pursuing a merger with Kimberly-Clark, which is seen as beneficial for Kenvue and its shareholders [4][5] - The board unanimously recommended the merger, indicating a strong strategic alignment with Kimberly-Clark [5] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [1][2] Other Important Information - The meeting was conducted with a quorum of 78.2% of shares represented, ensuring that decisions made were valid [3] - The final vote results will be reported in a current report on Form 8-K filed with the SEC [6] Q&A Session Summary - There were no questions or answers recorded during this special meeting [1][2]

Financial Data and Key Metrics Changes - The company reported net income of $22.7 million or $0.79 per share for Q4 2025, a 21.5% increase compared to Q4 2024, resulting in record earnings per share for the year of $3.13 [3] - Loan outstandings grew by $129.3 million during Q4 2025, with solid loan growth as early payoffs and paydowns eased back to normal levels [3][4] - The reported net interest margin (NIM) decreased by 7 basis points to 3.10% compared to Q3 2025, while core NIM increased by 4 basis points to 3.37% [5] Business Line Data and Key Metrics Changes - Loans grew by $129.3 million during Q4 2025, or 7.6% annualized, while total loans for the full year increased by $88.2 million, or 1.3% [5][6] - Non-interest expense increased by $2.1 million, or 4.1% compared to Q4 2024, with full-year expenses rising by $5 million, or 2.5% [7] Market Data and Key Metrics Changes - Deposits decreased by $130.8 million in Q4 2025, primarily due to a $198.8 million decrease in public funds, partially offset by an $84 million increase in consumer balances [6] - Total deposits grew by $328.1 million, or 4.9%, for the full year of 2025 [6] Company Strategy and Development Direction - The company plans to target repurchases of $10 million-$12 million per quarter in 2026, with 2.3 million shares available for repurchase under the plan [8][9] - For 2026, the company expects loan growth of approximately 2%-3% and modest NIM expansion, resulting in net interest income growth of approximately 4%-6% [9][10] Management Comments on Operating Environment and Future Outlook - Management noted that the provision for credit losses is expected to be in the range of $11 million-$13 million for 2026, driven by changes in economic forecasts and credit performance [10] - The effective tax rate is expected to be in the range of 20%-21% based on current statutory rates [10] Other Important Information - The company repurchased approximately 400,000 shares of common stock at an average cost of $32.17 per share during Q4 2025 [7][8] - The company recorded a provision for credit losses of $3.1 million in Q4 2025, with a coverage ratio of 1.28% [6] Q&A Session Summary Question: What is the seasonality for deposits in Q1? - Management expects $100 million-$150 million per quarter in public funds to flow out in Q1 and Q2, with a significant portion of excess liquidity deployed during that time [15][16] Question: How should we think about the NIM trajectory over the course of the year? - Management expects NIM to be relatively in line to slightly up by the end of 2026 compared to Q4 2025, with overall expansion anticipated [18][19] Question: What are you seeing in terms of deposit competition? - Competition remains, with some slight increases noted. The company has been successful in CD retention and is working to change the mix of deposits [21][22] Question: Can you review your ag farmland portfolio? - The ag book consists of smaller family farms diversified across various sectors, with a conservative underwriting approach and a diversified business underlying the loans [23] Question: Can you discuss the margin and incremental loan yields? - Management noted some compression on the commercial side, with new loan rates down by 40-50 basis points, but no true spread compression observed [28][29] Question: What is the expected provision level for next year? - The provision is expected to normalize in the 12-13 basis point range, with guidance provided for the year [40] Question: Can you talk about the deposit pipeline and initiatives? - The company is making progress with various initiatives aimed at capturing deposits from small businesses and other targeted programs [42][44]

Financial Data and Key Metrics Changes - The company reported a net income increase of $675,000 in the fourth quarter, driven by the TC Federal acquisition and improved margins [3][15] - Operating pre-provision net revenue improved significantly compared to the fourth quarter of 2024 [15] - Net interest income increased by approximately $3.2 million compared to the prior quarter, with net interest margin rising 15 basis points to 3.32% [15][16] - The tangible common equity (TCE) ratio at the end of the quarter was 8.30%, up from 8% in the prior quarter [25] Business Line Data and Key Metrics Changes - Core loan growth for 2025 was reported at 10.5%, with expectations for 2026 to be closer to the lower end of the 8%-12% target [5][23] - Operating non-interest income for the fourth quarter was $11.1 million, reflecting strong performance in mortgage and SBSL [17] - The company executed a portfolio mortgage pool sale of around $10 million, generating a gain of over $100,000 [7] Market Data and Key Metrics Changes - Deposits increased for the quarter and were organically flat year-over-year, excluding the TC Federal acquisition [6][24] - The company noted increased competition in lending across its footprint, impacting loan growth expectations [5][36] Company Strategy and Development Direction - The company is focused on integrating the TC Federal acquisition and expects to realize cost savings post-systems conversion in the second quarter of 2026 [8][26] - There is an ongoing strategy to enhance performance through disciplined execution and improvement, with a focus on M&A opportunities [12][13] - The company aims to maintain a disciplined approach to pricing and credit while growing core customer relationships [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic environment in the Southeast and the potential for M&A activity to drive growth [39][48] - The company anticipates a modest increase in net interest margin throughout 2026, supported by loan repricing and deposit growth [24][45] - Management acknowledged the competitive landscape and the need to balance growth with margin improvement [36][40] Other Important Information - The board declared an increase in the quarterly dividend to $0.12 per share, marking another consecutive year of dividend increases [11] - The company was recognized as one of American Banker's 2025 Best Banks to Work For, highlighting its commitment to culture and team members [12] Q&A Session Summary Question: Concerns about small business lending and charge-offs - Management acknowledged that small business lending is high-risk but can offer better returns, and they expect it to improve from current levels [28][29] Question: M&A competition and strategy - Management hopes for negotiated transactions rather than competitive bidding, focusing on partnerships that align with their goals [31][33] Question: Organic growth and competitive environment - Management noted increased competition but emphasized a disciplined approach to pricing and maintaining margins [36][38] Question: Deposit growth and funding loan growth - Management is optimistic about organic deposit growth and plans to leverage non-interest-bearing accounts to fund loans [42][44] Question: Future M&A targets and geographic expansion - Management is open to pursuing larger targets and expanding into contiguous states, while also considering the competitive landscape [46][48] Question: Effective tax rate and expense management - Management expects the effective tax rate to remain around 21% and aims to reduce net operating expenses to historical averages later in the year [50]

Murphy Oil (NYSE:MUR) Q4 2025 Earnings call January 29, 2026 09:00 AM ET Speaker6Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Fourth Quarter 2025 Earnings Conference Call and Webcast. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, January 29, 2026. We re ...

Financial Data and Key Metrics Changes - The stockholders approved the issuance of shares of common stock as part of a merger agreement dated November 2, 2025, with Kenvue and other entities [4][7]. Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided in the meeting [1]. Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting [1]. Company Strategy and Development Direction and Industry Competition - The meeting focused on the approval of the issuance proposal, indicating a strategic move towards a merger that may enhance the company's market position [4][5]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [1]. Other Important Information - The meeting was conducted virtually, and stockholders were encouraged to submit questions via the meeting portal [3][4]. - The final voting results will be reported in a current report on Form 8-K to be filed with the SEC within four business days [7]. Q&A Session Summary - No questions were posed during the meeting, and all inquiries were to be addressed via email after the meeting concluded [4][7].

Hexcel (NYSE:HXL) Q4 2025 Earnings call January 29, 2026 09:00 AM ET Speaker9Hello everyone, and welcome to Hexcel fourth quarter and full year 2025 earnings call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press Star, followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Kurt Goddard, Vice President of Investor Relations. Please ...