Financial Performance & Fleet Statistics - Fleet TCE / Available Day 为 $39,726[6] - Fleet OpEx (reported) / Calendar Day 为 $11,466[6] - Fleet OpEx (ex drydock) / Calendar Day 为 $10,108[6] - Helios Pool TCE / Available Day 为 $38,870[9] - Helios Pool Spot + COA TCE / Available Day 为 $37,718[9] - 公司拥有现金和限制性现金总额为 $278 million[7] - 公司总债务为 $543.5 million[8] - 截至2025年6月30日，公司净收入为 $10.082101 million，去年同期为 $51.288140 million[24] Environmental & Sustainability Initiatives - 公司有16艘安装了洗涤器的船舶和5艘双燃料LPG船舶[23] - Calendar 2Q25 (公司 1Q FY26) 洗涤器船舶每日节省的 HSFO 与 LSFO 之间的差额为 $813/日，扣除所有洗涤器运营支出后[23] Global Seaborne Volumes - 全球海运量环比增长3%，同比增长8%[16]

Financial Performance and Guidance - Q2 2025 operating earnings per share was $075, which includes $002 from RNG 45Z income and $001 from favorable weather impact[8] - The company reaffirmed its 2025 guidance midpoint of $340 per share, including approximately $010 per share from RNG 45Z income[8] - The long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS, excluding RNG 45Z income ($330)[8] - The 2025 dividend is expected to be $267 per share[8] Capital Activities - Dominion Energy Virginia is expected to issue $20-$25 billion in fixed income, with $13 billion already issued YTD[10] - Dominion Energy South Carolina has issued $05 billion in fixed income YTD, completing its guidance[10] - The company plans to issue $10 billion in 2025 and $06 billion in 2026 through At-The-Market (ATM) common equity offerings, with both amounts already issued YTD[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 60% complete and remains on schedule for full completion by the end of 2026[16, 18] - The project is expected to deliver nearly 3 GW to Virginia's grid[16] - The total project costs, including financing, are estimated at $715 million[25] - The current capital budget for CVOW is $109 billion, which includes $193 million of estimated tariffs[30]

Operational Performance - Vale's iron ore production increased by 18% from 79 Mt in 2Q24 to 93 Mt in 2Q25[13] - Nickel production saw a significant increase of 44%, rising from 28 kt in 2Q24 to 40 kt in 2Q25[13] - Copper production experienced a modest increase of 4%, growing from 81 kt in 2Q24 to 84 kt in 2Q25[13] - The company's high-potential recordable injuries decreased by 55% from 1H24 to 1H25, showcasing improved safety[10] Cost Competitiveness - Iron ore C1 cash costs decreased by 11% from US$24.9/t in 2Q24 to US$22.2/t in 2Q25[28] - Demurrage costs decreased by 39% in 2Q25 due to enhanced shipping planning[20] - Copper all-in costs decreased significantly by 60% from US$3,700/t in 2Q24 to US$1,500/t in 2Q25[33] - Nickel all-in costs decreased by 30% from US$17,700/t in 2Q24 to US$12,400/t in 2Q25[35] Financial Performance - Proforma EBITDA decreased from US$3,997 million in 2Q24 to US$3,424 million in 2Q25, impacted by lower iron ore prices[26] Strategic Initiatives - The Bacaba project is expected to start up in the first half of 2028, with a capacity of approximately 50 ktpa and a CAPEX of around US$290 million[15] - Vale invested US$1.4 billion in decarbonization since 2020[22]

Financial Performance - Mirion's Q2 2025 revenue reached $222.9 million, reflecting a 7.6% total increase, including a 5.4% organic growth compared to Q2 2024[11] - Adjusted EBITDA for Q2 2025 was $51.2 million, a 4.9% increase compared to Q2 2024, with the Medical segment's margin expansion offsetting impacts in the Nuclear & Safety segment[11] - Adjusted Free Cash Flow generation for Q2 was +$6 million, with $35 million generated Year-To-Date (YTD), representing a 35% YTD conversion rate[11] - Adjusted diluted EPS increased by 10% to $0.11, excluding impacts from warrants, founders' shares, and convertible notes, reaching $0.13 per share[36] Orders and Backlog - Total orders increased by 1.6% in Q2 2025 compared to Q2 2024, driven by higher orders in the Medical segment, while the Nuclear & Safety segment faced a tough comparison and timing impacts[11] - The company anticipates accelerating order rates in the second half of 2025[23] - The backlog reached $825 million, a 10.2% increase compared to adjusted Q2 2023 and a 1.9% increase compared to adjusted Q2 2024[60] Segment Performance - Nuclear & Safety segment revenue increased by 5.8% to $141.7 million in Q2 2025, with 2.9% organic growth[39] - Medical segment revenue increased by 10.9% to $81.2 million in Q2 2025, with 10.1% organic growth[46] Strategic Initiatives and Outlook - Mirion successfully completed a $400 million convertible note offering and refinanced its Term Loan B, improving its capital structure[12] - The company updated its 2025 guidance, projecting organic revenue growth of 5.0-7.0% and total revenue growth of 7.0-9.0%, including an FX tailwind of approximately 125 basis points and acquisition-related tailwind of approximately 100 basis points[55] - The company expects Adjusted EBITDA to be in the range of $223-$233 million, with a margin of 24.0-25.0%, and Adjusted Free Cash Flow to be in the range of $95-$115 million, representing a 43-49% conversion rate[55]

Financial Performance - Adjusted operating income, excluding notable items, was $4.72 per diluted share[15] - The trailing twelve-month adjusted operating ROE, excluding notable items, was 14.3%[15] - The company's total adjusted operating income before taxes was $421 million[20] Capital Management - Estimated deployable capital is $3.4 billion[15] - Estimated excess capital increased to $3.8 billion, or $2.3 billion pro forma for the EQH transaction[15] - The company has access to an $850 million syndicated credit facility[56] Business Growth - Traditional premium growth was 11.0% year-to-date on a constant currency basis[15] - U S and Latin America Traditional premiums increased by 11.2% to $3.940 billion[23] - Global Financial Solutions premiums decreased by 67.8% to $866 million, primarily due to a decrease in single premium pension risk transfer transactions[23] Investment Portfolio - Assets under management are approximately $115 billion[30] - Over 94% of fixed maturity securities are rated investment-grade[30] - The Q2 new money rate was 6.53%[38]

Financial Performance & Guidance - Ameren's adjusted diluted EPS for the second quarter of 2025 was $1.01, compared to $0.97 in 2024[16] - For the first six months of 2025, the adjusted diluted EPS was $2.08, compared to $1.99 in 2024[16] - The company reaffirmed its 2025 diluted EPS guidance range of $4.85 to $5.05[18, 51] - The company expects a compound annual EPS growth of 6% to 8% from 2025-2029, using the midpoint of the 2025 EPS guidance range ($4.95) as the base[43, 68] Capital Investments & Rate Base - The company invested over $2 billion YTD in electric, natural gas, and transmission infrastructure[8] - Planned infrastructure investment from 2025-2029 is $26.3 billion[43, 37] - The company expects a rate base CAGR of approximately 9.2% from 2024-2029[43, 41, 68] - The company has a strong long-term infrastructure pipeline of over $63 billion from 2025-2034[38, 68] Ameren Missouri Growth & Initiatives - Ameren Missouri expects approximately 5.5% sales CAGR from 2025-2029, primarily driven by data centers[23] - The 2025 Preferred Resource Plan assumes load growth of 1 GW by the end of 2029 and 1.5 GW by the end of 2032[23] - The company filed for MoPSC approval of a proposed rate structure for large load customers requesting 100+ MW of load[31] Regulatory & Legislative Matters - The company expects to sell and transfer additional energy tax credits worth approximately $300 million per year on average to benefit customers[79] - In July 2025, an updated request for a $60 million reconciliation adjustment to the 2024 revenue requirement was made for electric distribution in Illinois[63] - In July 2025, an updated request to a $135 million annual base rate increase was made for natural gas distribution in Illinois[66]

Franklin Resources, Inc. Third Quarter 2025 Results August 1, 2025 | Investor Presentation Jenny Johnson President Chief Executive Officer Matthew Nicholls Executive Vice President Chief Financial Officer Chief Operating Officer Adam Spector Executive Vice President Head of Global Distribution Forward-looking statements and non-GAAP financial information This commentary contains forward-looking statements that involve a number of known and unknown risks, uncertainties and other important factors. This comme ...

Financial Performance - SM Energy's Q2 2025 total net production reached 2091 MBoe/d, with 55% oil[10] - Adjusted EBITDAX for Q2 2025 was $5696 million[10] - Adjusted net income per share for Q2 2025 was $150[10] - Net debt was reduced by approximately $140 million in Q2 2025[8] Operational Highlights - The company paid a cash dividend of $020 per share in Q2 2025, representing an annualized dividend yield of 3%[8] - Uinta Basin integration is complete, leading to optimization and efficiency gains[10] - Average per foot drilling and completion cost decreased by 15%[37] - Completed footage increased by 64% on average per day[37] Reserves and Production Growth - Estimated net proved reserves increased by 68% from December 31, 2020, to December 31, 2024[12, 14] - Average total net daily production is estimated to increase by 76% from 2020 to 2025[12, 14] Hedging Strategy - Approximately 9600 MBbls of expected 3Q25-4Q25 net oil production is hedged at a weighted-average price of $6507/Bbl to $7042/Bbl[49] - Approximately 36000 BBtu of expected 3Q25-4Q25 net natural gas production is hedged at a weighted-average price of $367/MMBtu to $431/MMBtu[49]

Financial Performance - Mercer's Operating EBITDA decreased significantly from $47 million in Q1 2025 to -$21 million in Q2 2025[6] - The pulp segment experienced a substantial decrease in EBITDA, from $50 million in Q1 2025 to -$10 million in Q2 2025[6] - The solid wood segment's EBITDA also decreased, from -$0 million in Q1 2025 to -$5 million in Q2 2025[6] - Net loss increased from -$22 million in Q1 2025 to -$86 million in Q2 2025[27] Pulp Market - NBSK (Northern Bleached Softwood Kraft) list price was $1,000 per tonne[10] - NBSK China (net) price decreased from $793 per tonne in Q1 2025 to $734 per tonne in Q2 2025[10] - NBHK (Northern Bleached Hardwood Kraft) China (net) price decreased from $578 per tonne in Q1 2025 to $533 per tonne in Q2 2025[10] Lumber and Mass Timber - Lumber production decreased by 6% from 128 mmfbm in Q1 2025 to 120 mmfbm in Q2 2025[43] - Mass timber revenue decreased from $17 million in Q1 2025 to $11 million in Q2 2025[25] Strategic Initiatives - Mercer aims to improve profitability by $100 million by the end of 2026, using 2024 as a baseline[30] - The company realized $5 million in cost savings to date and anticipates $25 million for 2025[30]

Financial Performance Highlights - Net income attributable to Unitholders was $26 million, or $0.12 per limited partnership unit, compared to a net loss of $20 million, or a loss of $0.10 per unit, in the prior period[19] - Adjusted EBITDA increased to $591 million from $524 million in the prior period, which included $71 million of tax benefits from advanced energy storage operation[19] - Adjusted EFO was $234 million, or $1.11 per unit, compared to $289 million, or $1.33 per unit, in the prior period[19] - Corporate liquidity stood at $2,333 million, including $2,230 million of availability on credit facilities, and pro forma liquidity is approximately $2,900 million[19] Strategic Initiatives and Transactions - The company invested $56 million to repurchase 2.2 million units and shares at an average price of approximately $25 per unit and share[22] - Brookfield Business Partners completed the acquisition of Antylia Scientific for approximately $1.3 billion, with BBU investing $168 million for a 26% interest[22] - The company completed the sale of a partial interest in three businesses for units of a new evergreen fund with an initial redemption value of approximately $690 million, representing an 8.6% discount to NAV[22] - The company entered into a partnership to privatize First National Financial Corporation for $2.7 billion, with BBU's share expected to be approximately $145 million for an 11% interest[22] Balance Sheet and Liquidity - Total assets were $75,335 million as of June 30, 2025[23] - Non-recourse borrowings in subsidiaries of the partnership were $42,493 million[23] - Corporate borrowings were $1,116 million[23] - Total equity was $15,321 million[23]