Black Hills (BKH) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q1 twenty twenty five Black Hills Corporation Earnings Conference Call. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question and answer session. I would now like to hand the conference over to your speaker today, Sal Diaz, Director of Investor Relations. Sp ...

Farmland Partners (FPI) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Thank you for standing by. My name is Amy, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Farmland Partners First Quarter twenty twenty five Earnings a It is now my pleasure to turn the call over to Luca Fabri, the President and CEO with Farmland Partners. You may begin. Speaker1 Thank you, Amy. Good morning, and welcome everybody to Farmland Partners first quarter twenty ...

Lifetime Brands (LCUT) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to Lifetime Brands First Quarter twenty twenty five Earnings Conference Call. At this time, I would like to inform all participants that their lines will be in listen only mode. After the speakers' remarks, there will be a question and answer portion of the call. I would now like to introduce your host for today's conference, Jamie Kirchen. Mr. Kirchen, you may begin. Speaker1 With ...

Teekay (TK) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Welcome to the Teekay Group First Quarter twenty twenty five Earnings Results Conference Call. During the call, all participants will be in a listen only mode. Afterwards, you will be invited to participate in a question and answer session. At that time, if you have a question, participants will be asked to press 1 to register for a question. For assist assistance during the call, please press 0 on your touch tone phone. As a reminder, this ...

Financial Data and Key Metrics Changes - The company's gross profit increased by 68% to CAD 10.1 million compared to Q1 2024 [5] - Adjusted EBITDA rose by 38% to CAD 8.7 million [5] - Cash and cash equivalents grew to CAD 68.5 million from CAD 17.5 million [6] - Consolidated working capital improved to CAD 61 million from a negative CAD 6.5 million [6] - Total debt increased to CAD 130 million from CAD 40 million, while the debt cost of service decreased from 9.5% to 6% [6] - Net debt currently stands at just over CAD 42 million [6] Business Line Data and Key Metrics Changes - Gold Bar produced 10% more gold than budgeted at a cash cost 24% below the low end of annual guidance, with a cash cost of CAD 1,146 [4] - However, Gold Bar's all-in sustaining cost per ounce was approximately CAD 2,200 due to accelerated stripping costs [4] Market Data and Key Metrics Changes - The company reported a positive outlook due to higher prices of gold, silver, and copper [3] Company Strategy and Development Direction - The majority of funds from a capped call convertible note will be used to advance the development of the Fox Complex, with expected consolidated annual production reaching 225,000 to 255,000 ounces by 2030, an increase of over 80% from current production [3] - The company is focusing on exploration and development at both the Fox Complex and Gold Bar, with updates expected throughout the year [7] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing improved liquidity and the potential for higher gold prices [34] - The company anticipates that operational performance will improve in the coming quarters [33] Other Important Information - The company received a permit to construct a ramp to the underground at the Stock Mine, which is crucial for the Stock Complex expansion [7] - The feasibility study for Los Azules is expected to be published this summer, which will improve the company's income statement by capitalizing expenses related to McEwen Copper [29][30] Q&A Session Summary Question: How much cash or cash plus investments is held within the copper subsidiary? - Currently, the treasury for McEwen Copper is below GBP 10 million, and additional financing is expected as the feasibility study approaches [10][11] Question: Is the $10 million enough to complete the feasibility study? - Additional runway will likely be needed to complete the feasibility study by July [11] Question: What is the status of dividends from San Jose? - Regular dialogue with Hochschild is ongoing, focusing on balancing reinvestment in the mine and returning value to shareholders [14][16] Question: What is the expected production timeline for the Stock Mine? - First production from the underground portion of the Stock Mine is anticipated in the last quarter of this year [18][20] Question: What is the timeframe and cost for bringing the Grey Fox mine back into production? - A study is underway to determine capital and operating costs, with a focus on the best access method for the mine [21][22]

Financial Data and Key Metrics Changes - In Q1 2025, the company generated consolidated adjusted EBITDA of approximately $1.9 billion, distributable cash flow of approximately $1.3 billion, and net income of approximately $350 million, reaffirming the full year 2025 guidance provided in the previous call [7][36][42] - Compared to Q1 2024, the results reflect higher total margins due to increased international gas prices and optimization of cargo sales [36][42] Business Line Data and Key Metrics Changes - The company achieved substantial completion on the first train of the Corpus Christi Stage three project ahead of schedule and within budget, with overall project completion at 82.5% [7][8] - The company produced and sold approximately 6 TBtu of LNG attributable to the commissioning of Train one of the Stage three project, which is not recognized in income or EBITDA but offsets CapEx [36] Market Data and Key Metrics Changes - LNG imports into Europe rose 23% year on year in Q1 to 36 million tons, with U.S. deliveries increasing 34% to 20.5 million tons [25] - China's LNG imports declined 25% year on year to 15.1 million tons, influenced by stronger domestic production and increased pipeline gas imports [27] Company Strategy and Development Direction - The company is focused on expanding its LNG platform and developing new production capacity to meet global energy demands, while navigating geopolitical risks and market volatility [6][12] - The company aims to achieve first LNG from Train two by the end of the month and expects Train four to be commissioned by the end of the year [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term LNG demand outlook, emphasizing the importance of U.S. LNG in global energy supply [12][44] - The company remains insulated from short-term market volatility due to its highly contracted business model [12][44] Other Important Information - The company has locked in over $500 million of costs for midscale trains eight and nine, mitigating risks associated with inflation and tariffs [14][41] - The company has repurchased approximately 1.6 million shares for about $350 million, with a remaining buyback authorization of approximately $3.5 billion [37] Q&A Session Summary Question: Current contracting market and trade agreements - Management highlighted the strong position of the company in the LNG market, emphasizing robust commercial engagements and a selective approach to partnerships [52][54] Question: Competitive advantage in the marketplace - Management noted that the company does not compete directly with suppliers like Qatar, focusing instead on differentiated opportunities and strong customer relationships [57][58] Question: Permitting process and future projects - Management discussed the administration's focus on permitting reform and the positive progress made with FERC permits for midscale trains eight and nine [61][63] Question: Vulnerability to LNG supply shocks in 2025 - Management acknowledged Europe's vulnerability due to low inventories and emphasized the company's role in supplying LNG to the region [64][66] Question: 2020 Vision capital allocation update - Management confirmed that the company is on track to exceed the $20 billion deployment target before 2026, with significant progress in debt paydown and share buybacks [70][71] Question: Future contracting strategy in light of global trade realignment - Management reiterated the importance of Chinese counterparties while emphasizing that U.S. volumes to China are not critical to the company's strategy [80][82]

Sila Realty Trust (SILA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to Sealant Realty Trust First Quarter twenty twenty five Earnings Conference Call and Webcast. All participants will be in listen only mode. I will now turn the conference over to your host, Miles Callahan, Senior Vice President, Capital Markets and Investor Relations for CELA. You may begin. Speaker1 Good morning, and welcome to Silo Realty Trust's first quarter twenty twenty five earnings conference ...

Financial Data and Key Metrics Changes - The company reported total revenue of $3.6 million for the quarter, translating to 1,249 gold equivalent ounces [5] - Operating cash flow reached a record of $2.5 million, an increase of over 180% compared to the previous quarter [5] - Adjusted EBITDA was $1.7 million, representing an increase of over 30% compared to the previous quarter [5] - General and administrative costs were $1.8 million during the quarter, indicating effective cost management [5] Business Line Data and Key Metrics Changes - Production in Q1 represented approximately 20% of the midpoint of the full-year guidance range of 5,700 to 7,000 gold equivalent ounces [6] - The ramp-up of the Verus, Cote, and Bobarima mines is expected to contribute significantly to production growth throughout the year [6][10] Market Data and Key Metrics Changes - Spot gold prices reached record highs, recently exceeding $3,300 per ounce, which positively impacted revenue and cash flow [3] - The company assumes a gold price of $2,212 per ounce and a copper price of $4.24 per pound in its five-year outlook [7] Company Strategy and Development Direction - The company is focused on debt reduction while considering capital returns to shareholders and pursuing strategic growth opportunities [4] - Capital allocation remains a strategic priority, with an emphasis on maintaining a scalable business model that keeps costs flat [4] - The company aims to report positive free cash flows later this year for the first time [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a transformative year ahead, driven by strong gold prices and increased production from key mines [3] - The company anticipates steady improvement in production as projects ramp up and derisk [6] - Management highlighted the potential for a significant increase in production volumes, projecting a 360% increase over the next five years [14] Other Important Information - The company maintains a clear focus on capital discipline and is exploring opportunities for new royalties and streams, particularly in earlier-stage assets [30] - The upcoming Capital Markets Day on June 12 is expected to provide further insights into the company's portfolio and strategic direction [14] Q&A Session Summary Question: What should be modeled for ounces in the second quarter? - Management indicated that Q1 production was lighter than expected, and a significant step-up in Q2 is anticipated as assets ramp up towards commercial production [22] Question: Where do you see the most variability in the long-term outlook? - Management noted variability could stem from Canadian Malartic and Odyssey, with potential upside from Bulbarema due to ongoing developments [24][26] Question: How has the market for new transactions changed with high gold prices? - The company is seeing more opportunities for new royalties on earlier-stage assets, emphasizing a disciplined capital allocation strategy [30]

CoreCivic (CXW) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the CoreCivic First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press ...

RCM Technologies Inc (RCMT) Q1 2025 Earnings Call May 08, 2025 10:30 AM ET Company Participants Kevin Miller - CFOBradley Vizi - Executive Chairman & President Conference Call Participants Liam Burke - MD - Research Analyst Kevin Miller Good morning, and thank you for joining us. This is Kevin Miller, chief financial officer of RCM Technologies, and I am joined today by Brad Deazey, RCM's Executive Chairman. Our presentation in this call will contain forward looking statements. The information contained in ...