Peabody Energy (NYSE:BTU) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsJim Grech - President and CEOKala Finklang - Director of Investor RelationsMalcolm Roberts - Chief Commercial OfficerMark Spurbeck - CFOConference Call ParticipantsGeorge Eadie - Metals and Mining AnalystKatja Jancic - Metals and Mining AnalystNathan Martin - Senior Equity Research AnalystNick Giles - Senior Research AnalystOperatorGood day, and welcome to the Peabody Q4 2025 Earnings Conference Call. All parti ...

Helmerich & Payne (NYSE:HP) Q1 2026 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsChris Nickel - Head of Investor RelationsJohn Lindsay - CEOKevin Vann - CFOMike Lennox - SVP of U.S. Land OperationsTrey Adams - PresidentConference Call ParticipantsArun Jayaram - Research AnalystAtidrip Modak - Equity Research AnalystDerek Podhaizer - Director and Senior Research AnalystEddie Kim - Equity Research AnalystKeith Mackey - Managing Director and AnalystSaurabh Pant - Equity Research AnalystScott ...

Ares Management (NYSE:ARES) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsCraig Seigenthaler - Managing DirectorGreg Mason - Co-Head of Public Markets Investor RelationsJarrod Phillips - CFOMichael Arougheti - CEOMichael Cyprys - Managing Director and the Head of U.S. Brokers, Asset Managers, and Exchanges ResearchMitchell Goldstein - Company RepresentativeConference Call ParticipantsAlex Blostein - Managing Director and Senior AnalystBenjamin Budish - Research AnalystBill Katz - M ...

Thermon (NYSE:THR) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsBrian Drab - Co-Group Head of IndustrialsBruce Thames - CEOIvonne Salem - SVP of FP&A and Investor RelationsJan Schott - CFOJustin Ages - Director of Equity ResearchThomas Cerovski - COOConference Call ParticipantsAaron Spychalla - Senior Research AnalystJohn Braatz - Equity AnalystOperatorGreetings and welcome to the Thermon Group Holdings third quarter fiscal 2026 results conference call. At this time, all participa ...

Financial Data and Key Metrics Changes - Proxies were received for 60.98% of the 22,593,069 shares of common stock and 95.33% of the 1,196,487 shares of preferred stock outstanding, indicating strong shareholder engagement [4] - A total of 14,975,788 shares were present in person or by proxy, constituting a quorum for the meeting [4] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed in the meeting Market Data and Key Metrics Changes - No specific market data or key metrics were discussed in the meeting Company Strategy and Development Direction and Industry Competition - The company proposed the election of incumbent directors Michela English and Anthony Parker, indicating continuity in leadership [5] - The ratification of PwC as the independent registered public accounting firm for the fiscal year ending September 30, 2026, suggests a focus on maintaining strong governance and oversight [5] Management's Comments on Operating Environment and Future Outlook - No specific comments from management regarding the operating environment or future outlook were provided in the meeting Other Important Information - The results of the proposals were reported as carried, with a full tally of the votes to be filed with the SEC on Form 8-K within the next four business days [7] Summary of Q&A Session - No Q&A session was conducted during this meeting

NOV (NYSE:NOV) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsAmy D'Ambrosio - Director of Investor RelationsJeff LeBlanc - TPH and CompanyJim Rollyson - DirectorJose Bayardo - CEOMarc Bianchi - Managing DirectorRodney Reed - CFOStephen Gengaro - Managing DirectorConference Call ParticipantsDaniel Kutz - VP and Equity AnalystOperatorday, and thank you for standing by. Welcome to the NOV fourth quarter 2025 earnings conference call. At this time, all participants are on a listen-only ...

First Industrial Realty Trust (NYSE:FR) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsArt Harmon - Senior VP of Investor Relations and MarketingBrendan Lynch - Director and Co-Head of U.S. Equity REIT ResearchCraig Mailman - Managing DirectorJojo Yap - Chief Investment OfficerOmotayo Okusanya - Managing Director and Head of U.S. REIT ResearchPeter Baccile - CEOPeter Schultz - EVPRob Walter - EVP of Capital Markets and Asset ManagementScott Musil - CFOVince Tibone - Managing Directo ...

Financial Data and Key Metrics Changes - The company is guiding for EBITDA of approximately $1 billion for the current year, with expectations for stronger growth in 2027 and 2028 to reach a long-term target of $1.2 billion [19][21] - The company expects to see same-store volume pressure of 1%-3% in a lower-price environment, necessitating competitive pricing strategies [33][36] Business Line Data and Key Metrics Changes - The company anticipates that each new class of 50 stores will generate between $35 million and $40 million of EBITDA at maturity after a three-year ramp [58] - The company has seen strong performance in the nicotine category, particularly in pouches and other products, despite some volume declines in cigarettes [67] Market Data and Key Metrics Changes - Competitive pressures vary by market, with some states like Texas showing higher margins and volumes, while others like Colorado and Florida are experiencing lower metrics [7][8] - The company is experiencing a relatively stable and low fuel price environment, which impacts customer price sensitivity [27][28] Company Strategy and Development Direction - The company is focusing on a culture shift towards quicker collaboration and more nimble decision-making, while maintaining its core strategies [80] - The company aims to reduce reliance on fuel and tobacco while exploring innovation opportunities in its portfolio, customer engagement, and advanced technology [81][82] Management's Comments on Operating Environment and Future Outlook - Management believes that competition, while disruptive, ultimately leads to higher margins as markets stabilize [9] - The company is preparing for potential volatility in the fuel environment, which could impact same-store performance [21][27] Other Important Information - The company is proactively investing in maintenance to enhance uptime and customer experience, expecting to save approximately $6 million to $8 million in maintenance costs [12] - The company has a modest exposure to SNAP changes, which are expected to have a limited impact on overall sales [70][72] Q&A Session Summary Question: Competitive pressure compared to 6-8 months ago - Management indicated that competitive pressures vary by market and that new entrants typically price low initially, impacting same-store volumes [5][6] Question: Maintenance capital spending and its impact - Management clarified that increased maintenance capital spending is a proactive measure to avoid future disruptions and enhance customer experience [10][11] Question: Long-term EBITDA growth drivers - Management discussed the importance of sustaining 50+ new store openings annually and the impact of a normalized fuel environment on EBITDA growth [20][21] Question: Fuel margins outlook - Management expects fuel margins to remain stable, with a target of around $0.30 per gallon, despite low volatility [27][28] Question: Nicotine environment outlook - Management believes the company is well-positioned to take share in the nicotine market and will continue to be promotion-driven [37][38] Question: Per-store expense growth drivers - Management highlighted successful expense management strategies and expects per-store expense growth to be around 4% going forward [42][44] Question: Impact of winter storms on operations - Management acknowledged higher maintenance costs due to winter storms but also noted higher margins leading into those storms [46][47] Question: QuickChek brand performance - Management reported stronger sales at QuickChek but acknowledged margin pressures and the need to refocus on core offerings [84][85]

Financial Data and Key Metrics Changes - The company reported consolidated net sales of $318.2 million, a 4.6% increase compared to the previous year [11] - Gross profit increased by 16.3% to $119.8 million, with gross margin expanding by 380 basis points to 37.6% [11] - Adjusted EBITDA reached a record $72.1 million, up 13.5% year-over-year, with adjusted EBITDA margin expanding by 180 basis points to 22.7% [13] - Free cash flow for the quarter was $44 million, representing 96% of adjusted net income [16] Business Line Data and Key Metrics Changes - WFS (Water Flow Solutions) net sales decreased by 0.9% to $173 million, while adjusted operating income increased by 28% to $49.4 million [14] - WMS (Water Management Solutions) net sales increased by 12% to $145.2 million, but adjusted operating income decreased by 11.2% to $24.5 million [15] Market Data and Key Metrics Changes - The company anticipates healthy municipal repair and replacement activity, with strong growth in project-related work using specialty valves, offsetting slower new residential construction activity [9] - The residential construction market is expected to see a high single-digit decrease, while municipal repair and replacement growth is projected in the low to mid-single-digit range [57] Company Strategy and Development Direction - The company is focused on operational execution and strengthening relationships with stakeholders, aiming for sustained margin expansion and long-term value creation [10] - Strategic capital expenditures are expected to increase capacity and drive efficiencies, particularly in domestic capabilities related to iron foundries [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the resilience of end markets, raising fiscal 2026 guidance based on strong first-quarter results [9][18] - The company expects to maintain a price-cost positive position for the full year, despite inflationary pressures and tariffs impacting costs [35] Other Important Information - The company has a strong balance sheet with no debt maturities until June 2029 and $623 million of total liquidity [17] - The leadership transition is structured to ensure continuity and stability, with the outgoing CEO remaining as a senior advisor [6] Q&A Session Summary Question: Can you quantify how much you guys have raised prices so far this year? - The majority of the increased growth in guidance is predominantly price-related, with the annual price increase not included in prior guidance [24] Question: Can you break down the impacts from manufacturing efficiencies and pricing on margins? - The closure of the legacy brass foundry provided significant benefits, impacting margins positively in the first quarter [25] Question: Can you size the inflation pressures? - The company expects a 3% impact from tariffs, with inflation typically in the low single-digit range [35] Question: What is the expectation for residential construction activity? - A high single-digit range of slowdown in residential construction is anticipated, but there is potential for increased land and housing activity if rates lower [36] Question: What are the next steps in the company's transformation? - The company aims to continue improving commercial and operational investments, focusing on capital expenditures to drive further capacity and efficiencies [42] Question: What is the focus for capital deployment? - The company is prioritizing acquisitions in drinking water and wastewater infrastructure, evaluating opportunities that can drive synergies with operations [45]

Murphy USA (NYSE:MUSA) Q4 2025 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsBobby Griffin - Managing DirectorBonnie Herzog - Managing DirectorBrad Thomas - Managing DirectorChristian Pikul - VP of of Investor RelationsCorey Tarlowe - Senior VP of Equity ResearchEd Kelly - Managing DirectorIrene Nattel - Managing DirectorJacob Aiken-Phillips - Director of Consumer and Retail ResearchMindy West - President and CEOPooran Sharma - Managing Director of Equity ResearchOperatorThank you for stan ...