Financial Performance - Alphabet's Q2 2025 revenues reached $96428 million, a 14% increase year-over-year compared to $84742 million in Q2 2024 [5] - Net income for Q2 2025 was $28196 million, up 19% from $23619 million in Q2 2024 [5] - Diluted EPS increased by 22% to $231 in Q2 2025, compared to $189 in Q2 2024 [5] - Income from operations increased by 14% to $31271 million in Q2 2025 from $27425 million in Q2 2024 [5] Costs and Expenses - Total costs and expenses increased by 14% to $65157 million in Q2 2025, matching the revenue growth rate [5] - Research and Development expenses increased by 16% to $13808 million [5] - General and Administrative expenses saw a significant increase of 65% to $5209 million [5] Segment Performance - Google Services revenues increased to $82543 million, with a 12% year-over-year growth [11] - Google Cloud revenues grew by 32% year-over-year, reaching $13624 million [13] - Google Cloud operating income increased significantly to $2826 million, with an operating margin of 207% [13] Cash Flow and Capital Expenditures - Capital expenditures for Q2 2025 were $22446 million, a 70% increase year-over-year [15] - Free cash flow for Q2 2025 was $5301 million, a (61)% decrease year-over-year [16] - Trailing twelve months free cash flow was $66728 million, a 10% increase year-over-year [16]

2025 SECOND QUARTER CONFERENCE CALL 7.23.2025 Forward Looking Disclosure This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and ob ...

Financial Highlights - Net income reached $135.2 million, with diluted earnings per share at $1.42 for the three months ended June 30, 2025, marking a 21.1% increase compared to Q2 2024[6] - The company's assets totaled $38.4 billion, with total loans amounting to $22.2 billion and deposits at $27.5 billion as of June 30, 2025[6] - Noninterest-bearing deposits stood at $9.4 billion, representing 34.3% of total deposits[6] - Net interest margin increased by 24 basis points to 3.18% compared to the second quarter of 2024[6] - The allowance for credit losses on loans and off-balance sheet credit exposures was $383.7 million, with the allowance for credit losses on loans to total loans, excluding the Warehouse Purchase Program, at 1.66%[6] Capital and Ratios - The common equity tier 1 ratio was 17.10%, and the leverage ratio was 11.62% as of June 30, 2025[6] - Return on second quarter average assets was 1.41% annualized, and return on average tangible common equity was 13.44% in the second quarter of 2025[6] Strategic Developments - A cash dividend of $0.58 was declared for the third quarter of 2025[6] - The company announced a definitive merger agreement with American Bank Holding Corporation on July 18th, 2025[6] Market Presence - The company has a strong presence in Texas and Oklahoma, operating 283 full-service locations[7, 8] - The company is ranked 2 in deposit market share in Texas[10]

Financial Performance - Matador achieved record quarterly oil equivalent production of 209,013 BOE/d in Q2 2025[8, 14] - The company's leverage ratio stood at 096x as of June 30, 2025[26] - Adjusted Free Cash Flow for Q2 2025 was $1327 million[46, 90] - Matador bought back 11 million shares in Q2 2025 at an average repurchase price of $4037, representing approximately 1% of shares outstanding[31] Capital Expenditure and Efficiency - Q2 2025 D/C/E CapEx was $3453 million, $15 million less than the midpoint of guidance[14] - Q2 2025 Midstream CapEx was $562 million, $4 million less than the low end of guidance[14] - Drilling and Completion Cost decreased to $825 per completed lateral foot in Q2 2025[20] Production and Guidance - Oil production guidance for Q3 2025 is 1165 to 1180 MBbl/d, and natural gas production is 4920 to 4980 MMcf/d[62] - Total production guidance for Q3 2025 is 1985 to 2010 MBOE/d[62] - The company expects to turn to sales 135 gross (1063 net) operated horizontal wells in 2025, with an average completed lateral length of approximately 10,300 feet[60, 64] Midstream Operations - San Mateo's Adjusted EBITDA for 2025 is estimated at $285 million[70] - The Marlan Plant expansion was completed on time and on budget in May 2025, with a gas processing capacity of 720 MMcf per day and a water disposal capacity of 475,000 Bbl per day[23]

Financial Performance - Revenue growth accelerated to 13% year-over-year[5], reaching $23.9 million in Q2 2025 compared to $21.1 million in Q2 2024[6] - Operating profit decreased to $2.1 million in Q2 2025 from $4.0 million in Q2 2024 due to increased investment in member growth[5][6] - Non-GAAP operating profit was $2.4 million, representing 10% of revenue[31] - Cash flow from operations was $1.3 million[37], with a cash balance of $11.2 million at the end of Q2 2025[39] Membership & Investment - The company substantially increased investments in acquiring Club Members, observing a favorable payback[8] - The average acquisition cost of annual Club Members in the US market in Q2 2025 was -$38[9] - Direct member acquisition costs in Q2 2025 amounted to -$2.8 million, expected to generate $3.0+ million in revenue in future periods[15] - Membership fees are driving revenue growth and are expected to account for around 25% of revenue next year[19] Segment Performance - Jack's Flight Club revenue increased by 33%[17]

Financial Performance - Net income for Q2 2025 was $210 million, an increase of $32 million compared to Q1 2025 and Q2 2024[8] - Net interest income increased by $26 million to $632 million[8, 24] - Earnings per share (EPS) increased by $053 to $309[8] - Return on average tangible common equity (ROTCE) was 1326%[8] Balance Sheet - Loans held in portfolio grew by $931 million or 25%[8, 10] - Total deposits increased by $14 billion or 21%[10] - Tangible book value per share increased by $339 to $7541[8, 10] - Total assets reached $76065 million[8] Credit Quality - Non-performing loans (NPLs) decreased by $2 million to $312 million[8, 10] - NPL ratio improved to 082% compared to 084% in Q1 2025[8, 10] - Net charge-off (NCO) ratio was 045% compared to 053% in Q1 2025[8, 10] Capital Actions - The company repurchased $1120 million in common stock at an average price of $9854 per share[10, 44] - A new common stock repurchase program of up to $500 million was announced[10, 44]

Financial Performance - Revenues reached ₹8,545 Cr, showing an 11% YoY growth[9] - EBITDA stood at ₹2,278 Cr with a margin of 26.7%[9] - Profit Before Tax (PBT) was ₹1,905 Cr, representing 22%[9] - Profit After Tax (PAT) amounted to ₹1,418 Cr, which is 17%[9] Segment Performance - Global Generics contributed ₹7,562 Cr, with a 10% YoY increase[13] - North America generated ₹3,412 Cr in revenue, up by 11% YoY[13] - India's revenue was ₹1,471 Cr, marking an 11% YoY growth[13] - Europe reported revenue of ₹1,274 Cr, a significant 142% YoY increase, including revenues from the acquired NRT business[13] - Pharmaceutical Services & Active Ingredients (PSAI) achieved ₹818 Cr in revenue, a 7% YoY increase[13] - Emerging Markets reached ₹1,404 Cr in revenue, showing an 18% YoY increase[13] Financial Position - Net Cash surplus at ₹2,922 Cr as of June 30, 2025[11, 22]

Financial Performance - Net income was $1 million with diluted EPS of $001, impacted by merger expenses of $205 million and Day 1 acquisition provision for credit losses of $666 million; adjusted diluted EPS was $069[11] - Net interest margin was 385%, up 40 basis points linked quarter; adjusted net interest margin was 358%, up 16 basis points linked quarter[11] - The company generated net organic loan growth of $3116 million for the quarter, or 69% annualized, and net organic deposit growth of $3613 million, or 68% annualized[11] Balance Sheet - Assets reached $266 billion[6] - Loans totaled $186 billion[6] - Deposits amounted to $216 billion[6] - Equity stood at $38 billion[6] Capital and Liquidity - The company has a $100 million stock repurchase program, with no buyback activity in the second quarter of 2025[30] - Available liquidity sources totaled $136 billion, while uninsured and uncollateralized deposits were $63 billion[64] Asset Quality - The ratio of allowance for credit losses on loans to total loans increased 1 basis point to 157%[11] - Nonperforming loans to total loans held constant at 076%[11] Merger and Acquisition - On April 1, 2025, the company completed its merger with The First Bancshares, Inc, which had $79 billion in assets, $52 billion in loans, and $64 billion in deposits[11] - The company acquired $15 billion in securities from The First and sold $6865 million of The First securities and reinvested at higher rates[71] Noninterest Income and Expense - Noninterest income increased $119 million linked quarter, primarily due to the merger with The First and a gain on sale of MSRs of $15 million[57] - Noninterest expense increased $693 million linked quarter, primarily related to the merger with The First; merger and conversion expenses increased $197 million linked quarter[61]

Financial Performance - The company reported a net loss of $354 million, or ($053) per diluted share, which includes a CECL provision of $50 million, or ($074) per diluted share[9, 10] - Distributable loss was ($29) million, or ($004) per diluted share, including a realized loss of $20 million, or ($030) per diluted share[9, 10] - Book Value per Share (BVPS) is $1384, which includes a CECL allowance of $174 million, or ($264) per share as of June 30, 2025, representing 300 basis points of loan principal balance[9] Portfolio Activity - Originated and funded $211 million and $210 million, respectively, relating to two floating-rate loans[9] - The company's loan portfolio is predominantly senior, totaling $58 billion, with a weighted average unlevered all-in yield of 76%[8, 9] - Multifamily and industrial assets represent 62% of the loan portfolio[8, 9] - Received $450 million in loan repayments and funded $20 million for existing loans[9] - The company collected 100% of interest payments[9, 21] Liquidity and Capitalization - Available liquidity is $757 million, including $108 million of cash and $620 million of undrawn capacity on the corporate revolver[8, 9] - Diversified financing sources total $82 billion, with $32 billion of undrawn capacity[8, 9, 34] - 78% of secured financing is fully non-mark-to-market, with the remaining balance marked-to-credit only[8, 9, 35] - Repurchased 2 million shares at an average price of $921 per share, totaling $20 million[9]

Financial Performance - EQT's 2Q25 total sales volumes reached 568 Bcfe[8] - The average realized price was $2.81 per Mcfe[8] - Adjusted EBITDA attributable to EQT was $1,033 million[8] - Free cash flow attributable to EQT was $240 million[8] - Capital expenditures amounted to $554 million[8] Operational Efficiency and Cost Reduction - Capital spending was 15% below guidance midpoint due to efficiency gains[9] - Per unit operating costs were below the low-end of guidance due to lower LOE and SG&A expense[9] - Updated guidance increases annual production by 100 Bcfe and lowers operating cost guidance by 6 cents per Mcfe[9] Strategic Growth and Infrastructure Projects - Working to finalize agreements for Shippingport Power Station (800 MMcf/d) and Homer City Redevelopment project (665 MMcf/d)[10] - Launched open season for MVP Boost, providing 500 MMcf/d of incremental takeaway capacity[10] - Closed on the Olympus Acquisition on July 1st[10] Debt Management - Total debt was ~$8.3 billion and net debt was ~$7.8 billion, down ~$1.4 billion from YE24 and nearly $6 billion below 3Q24 levels[9]