Radian Group (NYSE:RDN) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBob Lally - VP of FinanceBose George - Managing DirectorDan Kobell - Senior Executive Vice President and Interim CFORick Thornberry - CEOConference Call ParticipantsMihir Bhatia - Director and Senior Equity Research AnalystTerry Ma - Director and Equity Research AnalystOperatorToday, and thank you for standing by. Welcome to the Q4 2025 Radian Group conference call. At this time, all participants are in a listen- ...

Cenovus Energy (NYSE:CVE) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsDrew Dahlin - EVP and Chief Operating OfficerEric Nuttall - EVPGreg Pardy - Managing Director and Head of Global Energy ResearchJeff Murray - EVPJon McKenzie - CEOKam Sandhar - CFOManav Gupta - Executive DirectorNeil Mehta - Head of Americas Natural Resources Equity ResearchPatrick Read - VP of Investor Relations and Internal AuditTravis Wood - Managing Director of Equity ResearchConference Call ParticipantsDen ...

Invitation Homes (NYSE:INVH) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsDallas Tanner - President and CEOJason Wayne - VP of Equity ResearchJon Olson - CFOScott Eisen - Chief Investment OfficerScott McLaughlin - SVP of Investor RelationsTimothy Lobner - COOConference Call ParticipantsAmy Lo - AnalystAustin Wurschmidt - Equity Research AnalystBrad Heffern - Equity Research AnalystEmily White - Director and Equity Research AnalystEric Wolfe - VP and Equity Research AnalystHaendel ...

ONE Gas (NYSE:OGS) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsChris Sighinolfi - CFOCurtis Dinan - President and COOErin Dailey - VP of Investor RelationsSid McAnnally - CEOConference Call ParticipantsDavid Arcaro - AnalystGabe Moreen - AnalystPaul Zampardo - AnalystOperatorGood day, everyone. ONE Gas fourth quarter and year-end 2025 earnings conference call and webcast will begin shortly. Good day, and welcome to the ONE Gas fourth quarter and year-end 2025 earnings conference ...

Financial Data and Key Metrics Changes - Distributable Earnings for Q4 2025 were reported at $4.6 million, or $0.28 per share, with an adjusted figure of $0.31 per share when accounting for the rights offering dilution [4][16] - The company raised $61.5 million in net proceeds from a rights offering, increasing investment capacity by over $200 million [4][5] - For the full year of 2025, distributable earnings were $1.21 per share, with a run rate annual dividend of $1.12 per share, representing a 93% payout ratio [16][19] Business Line Data and Key Metrics Changes - The loan portfolio increased by $83 million year-over-year, reaching total commitments of $724.5 million across 24 floating-rate first mortgage loans [8] - The weighted average all-in yield was reported at 7.92%, with a weighted average risk rating improving to 2.8 [8] - The company invested in three new loans totaling $101.3 million during Q4 2025, including loans secured by student housing, a hotel, and an industrial property [5][7] Market Data and Key Metrics Changes - Market conditions improved in Q4 2025, with two additional 25 basis point rate cuts, bringing the target Fed funds rate to 350-375 basis points [11] - Office transaction volume increased by 25% year-over-year, indicating a recovery in the market [12] - Demand for short-term floating rate bridge loans remains strong, with a broad range of transactions being evaluated [13][14] Company Strategy and Development Direction - The company aims to capitalize on middle-market lending opportunities with enhanced liquidity following the rights offering [9] - There is a focus on deploying capital selectively into attractive opportunities across various property types and geographies [13] - The strategy remains centered on senior secured positions, avoiding riskier junior tranches for the time being [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about transaction activity continuing to increase in 2026, driven by improving market conditions and increased financing activity [12][13] - The company expects first quarter distributable earnings to be in the range of $0.22 to $0.24 per share, with a temporary drag on earnings due to the rights offering [18] - The expectation is to reach close to $1 billion in total loan portfolio size by year-end 2026, with quarterly new originations targeted at $200 million [34] Other Important Information - The company ended Q4 2025 with $123 million in cash and extended the maturities of two secured financing facilities, increasing capacity to $377 million [19][20] - The CECL reserve remains modest at 130 basis points of total loan commitments, indicating a conservative risk profile [19] Q&A Session Summary Question: How is the company finding pockets of inefficiency in the current competitive environment? - Management noted that while multifamily contributes significantly to activity, they are focusing on sectors like storage, industrial, and medical office for better risk-adjusted returns [24][25] Question: Are there opportunities outside of the first lien space being evaluated? - Management confirmed that the focus remains on senior secured positions, with no current plans to explore mezzanine or preferred equity [26] Question: Does the distributable EPS guidance assume full deployment of the rights offering capital? - Management clarified that the guidance does not assume full deployment by the end of Q1, but expects earnings to recover by year-end [29] Question: Is the current dividend secure through the end of 2026? - Management affirmed commitment to the $0.28 per quarter dividend, despite temporary earnings drag from the rights offering [33] Question: What is the expected portfolio growth following the rights offering? - Management anticipates reaching close to $1 billion in total loan portfolio size by year-end, with significant new originations expected in the coming quarters [34]

Taseko Mines (NYSEAM:TGB) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBrian Bergot - VP of Investor RelationsBryce Hamming - CFODalton Baretto - Managing Director of Equity ResearchRichard Tremblay - COOStuart McDonald - CEOConference Call ParticipantsNone - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Jericho, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Taseko Mines 2025 Q4 Earnings Conference Ca ...

CF Industries (NYSE:CF) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBert Frost - SVP of Sales and Market DevelopmentChris Bohn - President and CEOMartin Jarosick - Vice President of Investor RelationsRich Hoker - VP of Interim CFO and Chief Accounting OfficerConference Call ParticipantsAndrew Wong - Equity Research AnalystBen Theurer - Equity Research AnalystChristopher Parkinson - Equity Research AnalystDavid Simmons - Equity Research AnalystEdlain Rodriguez - Equity Research An ...

Farmland Partners (NYSE:FPI) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsChristine Garrison - General CounselLuca Fabbri - President and CEOPaul Pittman - Executive ChairmanSusan Landi - CFOConference Call ParticipantsCraig Cassera - AnalystStephen Massocca - Senior Research AnalystTelsey Hyde - AnalystOperatorLadies and gentlemen, thank you for standing by. Hello, and welcome to Farmland Partners Incorporated Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. All line ...

Teekay Tankers (NYSE:TNK) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBrody Speers - CFOChristian Waldegrave - Director of ResearchEdward Lee - Director of Investor RelationsJonathan Chappell - Senior Managing DirectorKen Hoexter - Managing DirectorKenneth Hvid - President and CEOConference Call ParticipantsOmar Nokta - Managing Director and Equity AnalystOperatorWelcome to the Teekay Group, a fourth quarter and fiscal 2025 earnings results conference call. During the call, all p ...

Taseko Mines (NYSEAM:TGB) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBrian Bergot - VP of Investor RelationsBryce Hamming - CFODalton Baretto - Managing Director of Equity ResearchRichard Tremblay - COOStuart McDonald - CEOConference Call ParticipantsNone - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Jericho, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Taseko Mines 2025 Q4 Earnings Conference Ca ...