Franco-Nevada (NYSE:FNV) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsFahad Tariq - SVP of Equity ResearchJohn Tumazos - PrincipalCase Bongirne - Equity Research AssociateSathish Kasinathan - VPSandip Rana - CFOCosmos Chiu - Executive Director of Institutional Equity ResearchEaun Gray - Chief Investment OfficerPaul Brink - President and CEOConference Call ParticipantsDerick Ma - Equity Research AnalystDaniel Major - Metals and Mining AnalystTanya Jakusconek - Research AnalystCandi ...

Apple Hospitality REIT (NYSE:APLE) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsLiz Perkins - CFOJay Kornreich - VP of Equity ResearchAri Klein - Director of Equity ResearchCooper Clarke - Equity ResearchJustin Knight - CEOKelly Clarke - VP of Investor RelationsConference Call ParticipantsAustin Wurschmidt - Director and Equity Research AnalystMichael Bellisario - Managing Director and Senior Research AnalystChris Darling - Senior Analyst and Head of U.S. Lodging and Gaming Resear ...

Marathon Petroleum (NYSE:MPC) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsTheresa Chen - Managing Director of Midstream and Refining Equity ResearchManav Gupta - Executive DirectorJason Gabelman - Director of Energy Equity ResearchKristina Kazarian - Head of Investor RelationsJohn Quaid - CFONeil Mehta - Managing DirectorRick Hessling - CCOMaryann Mannen - CEOMichael Henschen - EVP of RefiningMatthew Blair - Managing Director of Refiners, Chemicals, and Renewable FuelsPaul Cheng ...

Marathon Petroleum (NYSE:MPC) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsTheresa Chen - Managing Director of Midstream and Refining Equity ResearchManav Gupta - Executive DirectorJason Gabelman - Director of Energy Equity ResearchKristina Kazarian - Head of Investor RelationsJohn Quaid - CFONeil Mehta - Managing DirectorRick Hessling - CCOMaryann Mannen - CEOMichael Henschen - EVP of RefiningMatthew Blair - Managing Director of Refiners, Chemicals, and Renewable FuelsPaul Cheng ...

Colliers International Group (NasdaqGS:CIGI) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsMaxim Sytchev - Managing Director, Research - Industrial ProductsFrederic Bastien - Managing Director and Head of Industrials ResearchJimmy Shan - Managing Director, Global Equity ResearchJay Hennick - Global Chairman and CEOMichelle Germain - Managing Director, Real Estate ResearchChristian Mayer - CFOConference Call ParticipantsDaryl Young - Managing Director and Equity Research AnalystAnth ...

Apple Hospitality REIT (NYSE:APLE) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsLiz Perkins - CFOJay Kornreich - VP of Equity ResearchAri Klein - Director of Equity ResearchCooper Clarke - Equity ResearchJustin Knight - CEOKelly Clarke - VP of Investor RelationsConference Call ParticipantsAustin Wurschmidt - Director and Equity Research AnalystMichael Bellisario - Managing Director and Senior Research AnalystChris Darling - Senior Analyst and Head of U.S. Lodging and Gaming Resear ...

Eaton (NYSE:ETN) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsPaulo Ruiz - CEOAndrew Kaplowitz - Managing Director of Equity ResearchNigel Coe - Managing Director of Equity ResearchJoseph Ritchie - Managing Director of Equity ResearchAndrew Obin - Managing Director of Equity ResearchDeane Dray - Managing Director of Equity ResearchOlivier Leonetti - EVP and CFOScott Davis - Founding PartnerStephen Tusa - Managing Director of Equity ResearchJeffrey Sprague - Managing Partner of Equ ...

Colliers International Group (NasdaqGS:CIGI) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Company ParticipantsMaxim Sytchev - Managing Director, Research - Industrial ProductsFrederic Bastien - Managing Director and Head of Industrials ResearchJimmy Shan - Managing Director, Global Equity ResearchJay Hennick - Global Chairman and CEOMichelle Germain - Managing Director, Real Estate ResearchChristian Mayer - CFOConference Call ParticipantsDaryl Young - Managing Director and Equity Research AnalystAnth ...

Financial Data and Key Metrics Changes - The company generated $1.86 of diluted earnings per share in Q3 2025, an 8% decrease from the same time last year, primarily due to declining plastics segment sales prices and earnings [5][19] - The midpoint of the 2025 earnings guidance was increased to $6.47 from $6.26 per share, driven by better-than-expected plastics segment financial results [6][20] - The balance sheet remains strong with $325 million in cash on hand and a leading return on equity of 16% [20] Business Line Data and Key Metrics Changes - Electric segment earnings decreased by $0.03 per share in Q3, primarily due to unfavorable weather and seasonal rate differences [17] - Manufacturing segment earnings increased by $0.04 per share, driven by a lower cost structure and enhanced production efficiencies [18] - Plastics segment earnings decreased by $0.26 per share, with average sales prices of PVC pipe declining 17% compared to the previous year [19] Market Data and Key Metrics Changes - The lawn and garden and agricultural end markets continue to face demand-related headwinds, while recreational vehicle and construction markets show signs of improvement [13][14] - The plastics segment's sales prices have steadily declined, but sales volumes increased by 4% due to capacity added to VinylTech [16] Company Strategy and Development Direction - The updated five-year capital spending plan totals $1.9 billion, targeting a rate base compounded annual growth rate of 10% [5][23] - The company aims to increase its long-term earnings per share growth rate to 7% to 9% from 6% to 8% [5][26] - The company is focused on customer-oriented growth, with plans to attract large loads to its electric utility [12][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage costs and maintain low electric rates despite economic challenges [13][12] - The company anticipates that the current low-demand environment will continue through most of 2026, with expectations for a rebound in the manufacturing segment thereafter [14][25] - Management noted that the plastics segment remains crucial for overall strategy, providing enhanced returns and cash flow to support utility growth [25][27] Other Important Information - The company filed a request for a net revenue increase of $44.8 million with the Minnesota Public Utilities Commission [6][7] - The South Dakota rate case is progressing, with interim rates expected to commence on December 1, 2025 [9] Q&A Session Summary Question: Long-term EPS growth rate expectations - Management expects utility earnings to grow in line with the rate base, with fluctuations year-to-year but a long-term target of 7%-9% growth post-2028 [28][30] Question: Update on antitrust case - There are ongoing civil litigation and investigations, with no specific deadline for court decisions anticipated until 2026 [31] Question: Long-term cash usage strategy - The primary focus is on investing in utility growth and returning capital to shareholders through dividends, with no external equity needs [32][33] Question: Structure of the large load customer agreement - The 155-megawatt customer is an interruptible load with minimal capacity needs, expected to reduce fixed costs without significant investment [35]

Franco-Nevada (NYSE:FNV) Q3 2025 Earnings Call November 04, 2025 11:00 AM ET Speaker4Good morning and welcome to Franco-Nevada Corporation's Third Quarter 2025 Results Conference Call. This call is being recorded on November 4, 2025. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a Q&A session where you may ask a question through the phone line. If you require immediate assistance during this call, please press star zero at any time for the operator. I would now ...