DT Midstream (NYSE:DTM) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsDavid Slater - Executive Chairman and CEOJeff Jewell - EVP and CFOJohn Mackay - VP of Equity ResearchKeith Stanley - SVP and DirectorRobert Mosca - VP of Equity ResearchSamantha Banerjee - Equity Research AssociateTodd Lohrmann - Director of Investor RelationsZach Van Everen - Director of Infrastructure ResearchConference Call ParticipantsJean Ann Salisbury - Md and Senior Research AnalystJeremy Tonet - Md and Se ...

Quanta Services (NYSE:PWR) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsDuke Austin - President and CEOJayshree Desai - CFOKip Rupp - VP of Investor RelationsConference Call ParticipantsAdam Thalhimer - AnalystAti Modak - AnalystBrian Brophy - AnalystChad Dillard - AnalystJamie Cook - Managing Director and Senior Equity Research AnalystJulien Dumoulin-Smith - AnalystJustin Hauke - AnalystLiam Burke - AnalystManish Somaiya - AnalystMark Strouse - AnalystMike Dudas - AnalystNick Ami ...

Medallion Financial (NasdaqGS:MFIN) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsAndrew Murstein - President and CEOAnthony Cutrone - EVP and CFOChristopher Nolan - Senior Vice PresidentVal Ferraro - Investor RelationsConference Call ParticipantsMike Grondahl - Head of Equity Research and Senior Research AnalystOperatorGood day, and welcome to the Medallion Financial Corp Fourth Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need as ...

Evergy (NasdaqGS:EVRG) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsBryan Buckler - EVP and CFODavid Campbell - Chairman, President, and CEOPeter Flynn - Senior Director, Investor Relations and InsuranceConference Call ParticipantsAndrew Cadavion - VP and Equity Research AnalystAnthony Crowdell - Managing Director and Senior Analyst, U.S. Energy and Electric UtilitiesMichael Sullivan - Managing Director and Equity Research AnalystPaul Fremont - Managing Director and Equity Researc ...

Choice Hotels International (NYSE:CHH) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsAllie Summers - Senior Director of Investor RelationsPatrick Pacious - President and CEOScott Oaksmith - CFOConference Call ParticipantsDan Politzer - AnalystDavid Katz - AnalystLizzy Dove - AnalystMeredith Jensen - AnalystMichael Bellisario - AnalystPatrick Scholes - AnalystRobin Farley - AnalystTrey Bowers - Managing Director and Equity Research AnalystOperatorLadies and gentlemen, thank you for ...

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue of $7.1 billion, representing a 7% increase year-over-year, with adjusted EBITDA growing 11% to $656 million [10][11] - Adjusted earnings per share (EPS) increased by 34% to $1.22, marking the highest total revenue and leasing revenue in company history [5][10] - The company generated over $290 million in free cash flow, achieving a conversion rate of 103%, which is a $126 million improvement compared to 2024 [11] Business Line Data and Key Metrics Changes - Capital Markets revenue grew by 15% globally, with a notable 19% increase in the Americas [12][16] - The leasing business also performed well, growing 5% in the fourth quarter and reaching the highest quarterly level ever for the company [12][14] - Services revenue increased by 6% globally, driven by strong project management revenues [16][55] Market Data and Key Metrics Changes - In the Americas, leasing grew 5%, with strong performance in office and industrial sectors [14] - In APAC, leasing revenue increased by 5%, supported by growth in India and improvements in Greater China [15] - EMEA leasing grew by 7%, led by strong performance in the Netherlands, Belgium, and Poland [15] Company Strategy and Development Direction - The company aims for 15%-20% annual adjusted EPS growth over the next three years, with a focus on moving up the value chain and leveraging AI for operational efficiency [6][17] - The strategic priorities include enhancing cross-selling between business lines and utilizing AI to improve data flow and decision-making processes [35][36] - The company plans to continue deleveraging, targeting a leverage ratio of 2x by 2028 [17][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of Capital Markets and the resilience of the industrial sector, driven by strong e-commerce trends [48][66] - The company anticipates revenue growth of 6%-8% in 2026, with similar service line growth trends as in 2025 [17] - Management believes that AI will enhance the role of trusted advisors rather than replace them, particularly in complex commercial real estate transactions [22] Other Important Information - The company recorded a $177 million impairment related to its Greystone joint venture due to lower future earnings expectations [12][13] - The company has a strong cash position with approximately $800 million in cash and cash equivalents, and $1.8 billion in total liquidity [11] Q&A Session Summary Question: Concerns about AI impacting mid-market brokerage businesses - Management believes concerns about AI disintermediating commercial real estate brokerage are overstated, as complex negotiations will still require trusted advisors [22] Question: EMEA margin growth confidence - Management expressed confidence in EMEA margin growth despite a slight decline in the fourth quarter, attributing it to one-time expenses [23] Question: Risks across different property types due to AI - Management highlighted ongoing research into AI's impact across various sectors and encouraged attendance at an upcoming call to discuss practical tools for clients [25][26] Question: 2026 guidance on leasing and capital markets revenue growth - Management expects 2026 to unfold similarly to 2025, with strong leasing growth and a positive outlook for capital markets [29] Question: Cross-selling initiatives for 2026 - Management is focusing on desiloing the organization and enhancing data flow to support cross-selling efforts [35] Question: Capital allocation strategy and potential for share buybacks - Management is evaluating share buybacks but prioritizes organic growth and deleveraging [51] Question: Exposure to the office sector and its risks - Management noted that they do not operate in Class B office space, which is more vulnerable to disruption, and emphasized their focus on velocity in transactions [43] Question: Hiring strategy for 2026 - Management plans to maintain a substantial budget for recruiting, particularly in institutional capital markets and leasing [61]

ARMOUR Residential REIT (NYSE:ARR) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsDave Storms - Director of Equity ResearchDesmond Macauley - Co-Chief Investment OfficerEric Hagen - Managing DirectorGordon Harper - CFOScott Ulm - CEOSergey Losyev - Co-Chief Investment OfficerConference Call ParticipantsTimothy D'Agostino - Research AnalystTrevor Cranston - Equity Research AnalystOperatorGood day. Welcome to the ARMOUR Residential REIT's fourth quarter 2025 earnings conference call. ...

American Water Works Company (NYSE:AWK) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsAaron Musgrave - VP of Investor RelationsCheryl Norton - COODavid Bowler - Vice President and TreasurerGreg Ory - Senior Vice President Wealth Management, Portfolio ManagerJohn Griffith - President and CEOConference Call ParticipantsJulien Dumoulin-Smith - Research AnalystRu Jai - Equity AnalystOperatorGood morning, and welcome to American Water's fourth quarter 2025 earnings conference call. As a ...

Fourth-Quarter 2025 Review February 18, 2026 Forward-Looking Statements and Ownership Structure This presentation contains forward-looking statements. Western Midstream Partners, LP ("WES") believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this presentation. These fact ...

Cushman & Wakefield (NYSE:CWK) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Speaker8Good day, and welcome to the Cushman & Wakefield fourth quarter and full year 2025 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your questi ...