Financial Data and Key Metrics Changes - Second quarter consolidated revenues were $39.2 million, an 8% increase compared to the prior year period [11] - Adjusted EBITDA for the second quarter declined to $2.1 million from $3.6 million in the prior year, with an adjusted EBITDA margin dropping by 5.3% [12] - Total cash and availability on the credit facility at the end of the second quarter was approximately $15 million, with line of credit borrowings increasing to support a nearly $14 million increase in operating working capital [18] Business Line Data and Key Metrics Changes - Revenue in the Heavy Fabrication segment grew year over year by 27% to $25 million, driven by increased sales of wind power sectors [13] - Gearing orders increased to $6.8 million, up over $2 million compared to the prior year, although segment revenue fell to $7.3 million, down over $3 million year over year [14][15] - Industrial Solutions recorded nearly $14 million in orders, surpassing the previous record of $10 million, with segment revenue up 30% sequentially to $7.4 million [16] Market Data and Key Metrics Changes - Customer activity in the power generation market saw a 14% year-over-year increase in order rates, totaling $21 million [5] - Orders within the industrial solutions business more than tripled year over year, driven by strong demand for new gas turbine units [7] - The company noted robust demand from power generation and increasing demand from oil and gas customers, offsetting softness in wind, industrials, and mining [5] Company Strategy and Development Direction - The company is focusing on high-value precision manufacturing end markets and optimizing its asset footprint through the sale of its industrial fabrication operations in Manitowoc [4][5] - Investments are being made in equipment technology to improve process capabilities and profitability, particularly in the Industrial Solutions segment [8] - The company aims to capitalize on growth opportunities in the natural gas turbine market and is expanding its manufacturing capacity to meet future demand [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the domestic onshore wind power activity continuing at its present rate through 2026, with sustained demand for wind repowering adapters [23] - The company anticipates improved utilization of its manufacturing footprint for the rest of the year and into 2026, positioning itself for steady, profitable growth [25] - Management highlighted the importance of a diverse customer base during periods of trade policy uncertainty, emphasizing the competitive advantage of a 100% domestic manufacturing base [11] Other Important Information - The company is suspending its previously issued financial guidance for the full year 2025 due to the pending asset sale of Manitowoc [18] - The expected completion of the Manitowoc transaction is anticipated to add approximately $13 million in cash to the balance sheet while reducing costs by $8 million annually [5] Q&A Session Summary Question: Guidance uncertainty related to the Manitowoc sale - Management indicated that uncertainty is mostly related to timing, with some transitional costs expected as operations wind down [28][29] Question: Visibility into additional demand for Industrial Solutions - Management noted strong visibility with key customers, particularly GE Vernova, and indicated that they can fulfill increased demand with existing capacity [34][35] Question: Strategies to capitalize on growing demand for power generation - The company has expanded its independent sales rep organizations and is increasing capacity in Industrial Solutions and gearing markets to meet demand [41][42] Question: Demand outlook for wind-related business - Management expects a pull-in of orders in 2026 and 2027 as developers take advantage of recent tax law changes [49] Question: Demand visibility for tower orders - Management confirmed strong visibility for orders through 2026, with a good flow of power and adapter orders expected [53]

Orla Mining (ORLA) Q2 2025 Earnings Call August 12, 2025 10:00 AM ET Company ParticipantsAndrew Bradbury - VP - IR & Corporate DevelopmentJason Simpson - President & CEOAndrew Cormier - COOEtienne Morin - CFOSylvain Guerard - SVP - ExplorationSilvana Costa - Chief Sustainability OfficerWayne Lam - Director - Mining ResearchOperatorGood morning, ladies and gentlemen, and welcome to the Orla Mining's Conference Call for the Second Quarter twenty twenty five Results. My name is Eric, and I'll be your conferenc ...

Financial Data and Key Metrics Changes - The company reported a net income of $580 million for Q2 2025, which is double the amount reported a year ago and 30% higher than the previous quarter [21] - Return on equity (ROE) reached approximately 21%, reflecting strong year-over-year recovery [15][21] - Cost of risk stood at 2.5%, which is 150 basis points lower than the previous year, indicating improved asset quality [15][33] - Total loans grew by 6% year over year, outperforming the system by a multiple of around 3x [29] Business Line Data and Key Metrics Changes - The Wealth Management segment, through Intelligo, saw assets under management grow by 14% year over year, reaching new highs [12][44] - Interseguro reported a 77% increase in written premiums year over year, driven by growth in private annuities and life insurance [15][44] - The commercial banking segment gained 90 basis points in market share, supported by a focus on mid-sized companies and synergies with EasyPay [10][29] Market Data and Key Metrics Changes - The Peruvian economy showed an accumulated growth of 3.1% as of May 2025, with private investment projected to grow by 5% this year [7][8] - Inflation remains under control, with the reference rate at 4.5%, contributing to a stable economic environment [17] - Consumer confidence is improving, supporting domestic consumption, although loan growth remains below 2% year over year [19][20] Company Strategy and Development Direction - The company aims to achieve digital excellence, focusing on becoming the leading digital platform in Peru with a comprehensive suite of services [12][13] - There is a strategic emphasis on strengthening the payment ecosystem through Plin and EasyPay, enhancing transactional volumes and customer engagement [31] - The company is investing in technology to support long-term growth, with a focus on resilience, user experience, and advanced analytics [25][39] Management's Comments on Operating Environment and Future Outlook - Management expressed moderate optimism about Peru's growth outlook, despite potential volatility from international contexts and upcoming elections [8][9] - The company expects a more dynamic second half for the financial system, with total loans projected to grow around 5% [20] - Management highlighted the importance of maintaining a cautious approach to ensure healthy growth in the consumer portfolio [28] Other Important Information - The company reported a 10% year-over-year growth in retail primary banking customers, indicating a strengthening of primary banking relationships [15][40] - The cost of funds remained stable, with an improvement of 40 basis points year over year due to a better funding mix [15][37] - The company is focused on sustainability, with a sustainable loan portfolio reaching $400 million and various initiatives to promote inclusive growth [52][53] Q&A Session Summary Question: NIM expectations and asset quality trends - Management expects NIM to improve in the second half of the year, driven by a shift in portfolio mix towards more consumer loans [62] - Cost of risk is expected to remain below guidance, with a slight increase anticipated as the consumer loan book resumes growth [65][66] Question: OpEx growth trends for the second half and next year - OpEx is expected to continue increasing, but at a slower rate compared to the current year, aligning more closely with business growth [76][77] - Investments in technology and analytics will contribute to OpEx growth, but the focus remains on maintaining efficiency [72][75]

Financial Data and Key Metrics Changes - For fiscal year 2025, the company reported revenues exceeding $1 billion and adjusted operating income of $38 million, driven by strong demand for the Knicks and Rangers [6][15] - The fourth quarter revenues were $204 million, a decrease from $227.3 million in the prior year, with event-related revenues down 8% year over year [16][18] - Adjusted operating income for the fourth quarter decreased to an operating loss of $16.8 million, primarily due to higher direct operating expenses [17][18] Business Line Data and Key Metrics Changes - Ticketing revenue increased due to higher average ticket yield and attendance, with a combined average season ticket renewal rate of approximately 90% [8][15] - Merchandise revenues, including online sales, did not reach last year's levels, attributed to the absence of New Jersey launches for the Rangers [9] - Suite revenues reached record levels, benefiting from expanded event-level club space and renovated suites [13] Market Data and Key Metrics Changes - The Knicks' playoff run to the Eastern Conference finals generated the highest per game gate revenues in team history [7] - The company expects an increase in overall media rights revenue in fiscal 2026, despite a $24 million decrease in local media rights fees due to amended agreements [40] Company Strategy and Development Direction - The company aims to drive long-term value for shareholders through its marquee assets and strong business fundamentals [6][14] - There is a focus on enhancing fan engagement through tailored local content and marketing partnerships, with several new partnerships established [12][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the value of owning two iconic sports franchises and noted that recent franchise transactions indicate strong market valuations [14][28] - The company anticipates revenue growth across all in-arena categories in fiscal 2026, supported by new national media deals and continued investment in teams [18][40] Other Important Information - The company ended the fiscal year with approximately $145 million in cash and $291 million in debt, indicating a strong liquidity position [18][24] - The NBA's new national media deals are expected to positively impact revenues starting in the upcoming season [11][40] Q&A Session Summary Question: Impact of MSG Networks media rights on capital returns - Management indicated a strong liquidity position and potential for future capital returns, but no immediate plans were disclosed [23][26] Question: Potential for minority stake sales in Knicks or Rangers - Management acknowledged the value of the teams but stated there are no current plans for minority stake sales [27][28] Question: Participation in NBA's national RSN possibilities - Management is monitoring changes in media rights but did not comment on hypothetical scenarios [31][32] Question: Financial impact of Knicks playoff games - Playoff runs significantly increase demand for tickets and corporate partnerships, with a notable increase in social media engagement [42][43] Question: Outlook on operating expenses and team compensation - Higher team operating expenses are expected due to increased personnel compensation and luxury tax, with the NBA salary cap also rising [50][51] Question: Sponsorship growth outlook - Management is optimistic about marketing partnerships and expects continued growth following a successful fiscal year [52][53]

Financial Data and Key Metrics Changes - The company reported second quarter adjusted EBITDA of $61 million, slightly below expectations due to underperformance of some wells and lower realized commodity prices [6][12] - Capital expenditures totaled $26.4 million, including approximately $5.5 million of maintenance CapEx [12] - Net debt was approximately $944 million, with available borrowing capacity of $359 million at the end of the quarter [12] Business Line Data and Key Metrics Changes - The Rockies segment generated adjusted EBITDA of $25.2 million, an increase of $400,000 from the first quarter, driven by a 5.4% increase in liquids volume throughput and a 14% increase in natural gas volume throughput [13] - The Permian Basin segment reported adjusted EBITDA of $8.3 million, a slight increase due to higher volume throughput [15] - The PON segment recorded adjusted EBITDA of $10.5 million, a decrease of $1.3 million due to higher operating expenses and a 1.1% decrease in volume throughput [15] - The Mid Con segment reported adjusted EBITDA of $24.9 million, an increase of $2.4 million due to a 2.9% increase in volume throughput [16] Market Data and Key Metrics Changes - Realized residue gas prices decreased approximately 40%, realized NGL prices decreased approximately 10%, and realized condensate prices decreased approximately 15% compared to the first quarter [13] - The company connected six new wells in the Arkoma and four new wells in the Barnett in July, indicating ongoing development activity [17] Company Strategy and Development Direction - The company executed a new ten-year extension of gathering agreements with a key customer in the Williston, increasing the weighted average contract life from four to eight years [8] - The company is preparing for a 20-well development program in the Arkoma, with completions expected to begin in the fourth quarter [9] - The company signed a new ten-year agreement for $100 million a day of firm capacity on the Double E pipeline, contingent on the customer's final investment decision [10] Management's Comments on Operating Environment and Future Outlook - Management expects to end the year towards the low end of the original adjusted EBITDA guidance range, attributing this to timing-related factors [18] - The company remains optimistic about the outlook, citing strong development activity and commercial progress across its segments [18] Other Important Information - The company was added to the Russell 3000, Russell 2000, and Russell Microcap indices during the June reconstitution, enhancing visibility among institutional investors [11] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without any inquiries from participants [19]

Financial Data and Key Metrics Changes - The company reported a net income of $105 million or $1.23 per diluted share, with an adjusted basis of $0.39 per share [27] - Combined adjusted EBITDAX attributable to the company was $88 million, driven by strong production and lower than forecasted lease operating expenses [27] - Accrued capital expenditures in the second quarter were $79 million, which was 12% below the midpoint of guidance [27] Business Line Data and Key Metrics Changes - The upstream segment delivered net production of 811 million cubic feet equivalent per day, exceeding the high end of guidance [14] - The company increased its 2025 production guidance midpoint to 800 million cubic feet equivalent per day, a nearly 4% increase over the previous midpoint [17] - The power business achieved a combined average capacity factor of 59% with total generation exceeding 1,900 gigawatt hours [25] Market Data and Key Metrics Changes - The ERCOT power market is projected to grow over 20% between 2024 and 2026, driven by various sectors including AI and data centers [6] - The macro backdrop for natural gas remains bullish, with new LNG facilities coming online [5] - Power prices averaged $4,634 per megawatt hour, with an average natural gas cost of $2.98 per MMBtu, resulting in an average spark spread of $25.15 [26] Company Strategy and Development Direction - The company is focused on expanding its leadership position in the Barnett Shale through the acquisition of Bedrock's assets, which will enhance reserve life and production capacity [9] - Continued investment in carbon capture and utilization (CCUS) is a strategic priority, with multiple projects progressing towards final investment decisions [20] - The company aims to leverage its unique combination of gas, power, and carbon capture to create premium value in the Texas energy market [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term strength of the ERCOT power market and the expected ramp in Gulf Coast natural gas demand [6] - The passage of the One Big Beautiful Bill Act, which solidifies the 45Q tax credit, is seen as a significant win for the company and the industry [21] - The company is confident in achieving a million tons per year of CO2 injection run rate by 2027 [22] Other Important Information - The company has signed definitive agreements to acquire Bedrock's Barnett Shale assets for $370 million, expected to close in the third or early fourth quarter [18] - The acquisition is anticipated to add over 100 million cubic feet equivalent per day of production and nearly one trillion cubic feet of 1P reserves [19] - The company has reserved manufacturing slots for natural gas turbines, enhancing its ability to meet power needs for large data center companies [10] Q&A Session Summary Question: Can you provide insights on the benefits of purchasing adjacent acreage? - The acquisition allows for lengthening laterals and improving economics, with 50 Tier one and 20 Tier two lateral additions expected [41] Question: How do you see cost per foot evolving with longer laterals? - The company has reduced cost per foot by 11% and expects further improvements through enhanced completion designs and data analytics [44] Question: What are the initial focus areas of the CIP partnership? - The partnership focuses on advancing CCUS projects and leveraging relationships with emitters for project sourcing [58] Question: Can you elaborate on the carbon sequestered gas deal with Gunvor? - The initial volume is structured to establish a market, with potential for significant scaling in the future [66] Question: How do you see the power business performing for the remainder of the year? - The company remains confident in its guidance despite a slow start to the third quarter, with strong long-term demand dynamics expected [77]

SKYX Platforms (SKYX) Q2 2025 Earnings Call August 12, 2025 10:00 AM ET Speaker0Please be advised that this conference call will contain statements that are forward looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated.Please note this event is being recorded. I would now like to turn the conference over to Ronnie Cohen, Founder and Executive Chairman. Please go ahead.Speaker1Good afternoon, everyone. We're happy to have you al ...

Financial Data and Key Metrics Changes - Service revenue for Q2 2025 was over $2,000,000, more than four times the prior year period, with total revenue for the quarter recognized at $2,100,000, up $1,600,000 year-over-year [6][10] - Operating expenses for the quarter were $8,400,000, an increase of $2,400,000 sequentially and $1,900,000 from Q2 2024 [11] - Net loss for the quarter was $7,400,000, a decrease of $100,000 sequentially but an increase of $12,000,000 from Q1 2024 [11][12] - Cash at the end of Q2 2025 was $2,700,000, down from $10,100,000 last quarter, primarily due to the acquisition of SeaTrepid and cash used in operations [12] Business Line Data and Key Metrics Changes - The acquisition of SeaTrepid significantly contributed to revenue growth and service capacity, expanding the customer base to nine clients [6][10] - The company completed more commercial revenue in Q2 than all of 2024 combined, diversifying its client base across offshore oil and gas, offshore wind, and commercial offshore government markets [16][21] Market Data and Key Metrics Changes - In offshore wind, the company is executing a major project in the Northeast U.S., while the oil and gas sector remains robust, allowing the company to capture demand where it is strongest [22][23] - The company is close to signing a multi-month contract with a super major oil company, which is expected to provide off-season revenue and improve earnings visibility into 2026 [23] Company Strategy and Development Direction - The company aims to drive service revenue with an expanded fleet, scale autonomy products like Aquanaut and Toolkit, and convert inbound interest into long-term recurring contracts [8] - The focus remains on disciplined cost control and prioritizing value-added activities that enhance profitability and support long-term growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong operational results for Q3, with expectations of sequential revenue growth over Q2 [14][23] - The company is optimistic about the upcoming testing of the Aquanaut system and the potential for significant revenue growth in the second half of 2025 [66] Other Important Information - The company is actively working on diversifying its supplier base to mitigate risks associated with extended lead times for components [32] - Management highlighted the importance of customer satisfaction and operational success as key focuses moving forward [60] Q&A Session Summary Question: How does the company approach different growth areas and opportunity sets? - The company prioritizes opportunities based on which sector generates the highest margin, while ensuring asset utilization to avoid idle time [39][42] Question: Has there been any change in discussions related to carbon capture and sequestration? - While there is excitement around carbon capture, the company is still in early stages and does not forecast immediate revenue from this area [44][46] Question: Are there implications for the aquatic drone market related to recent drone dominance discussions? - There is significant interest in the underwater defense market, and the company is excited about its strategic alliance with Leidos to explore these opportunities [49] Question: Is the SeaTrepid acquisition fully paid off? - The acquisition is not fully paid off, with another cash payment due in September and an earn-out based on performance yet to be determined [53] Question: What is the outlook for revenue projections for 2025? - Revenue projections are slightly softer than anticipated due to delays in equipment deployment, but the company remains focused on scaling service revenue and software opportunities [56][57] Question: How does the company view its cash position moving forward? - The cash position is considered secure, with strong lender support, and the company aims to minimize debt while increasing revenues and margins [60][61]

Financial Data and Key Metrics Changes - The company reported a net income of $580 million for Q2 2025, which is double the amount reported a year ago and 30% higher than the previous quarter, resulting in a return on equity (ROE) of approximately 21% [16][22][55] - The cost of risk stood at 2.5%, which is 150 basis points lower than the previous year, indicating improved asset quality [16][34] - The cost of funds remained stable this quarter, showing an improvement of 40 basis points year over year, primarily due to a better funding mix [16][38] Business Line Data and Key Metrics Changes - Interbank showed solid momentum in commercial banking, gaining 90 basis points in market share within the mid-sized companies segment [11][30] - The Wealth Management segment through Intelligo delivered strong results, with assets under management growing 14% year over year [13][45] - Interseguro reported significant growth in private annuities and life insurance, with written premiums increasing by 77% year over year [16][48] Market Data and Key Metrics Changes - The Peruvian economy experienced an accumulated growth of 3.1% as of May 2025, driven by increased consumption and private investment projected to grow by 5% this year [8][9] - The Central Bank revised its internal demand forecast for 2025 from 3.5% to 4.4%, indicating strong private consumption and investment [20][19] - Total loans grew 6% year over year, outperforming the system by a multiple of around 3x, resulting in a gain of 30 basis points in total market share [30][52] Company Strategy and Development Direction - The company aims to achieve digital excellence for customers, focusing on becoming the leading digital platform in the country with a comprehensive suite of services [13][14] - There is a strategic focus on strengthening the payment ecosystem with Plin and EasyPay, enhancing transactional volumes and customer engagement [32][40] - The company is investing in technology to support long-term growth, with a focus on resilience, user experience, and advanced analytics [26][72] Management's Comments on Operating Environment and Future Outlook - Management expressed moderate optimism about Peru's growth outlook, despite potential volatility from international contexts and upcoming presidential elections [9][10] - The company expects an improvement in NIM in the second half of the year, driven by a recovery in the consumer loan portfolio [63][64] - The cost of risk is anticipated to remain below guidance, supporting profitability despite lower margins [52][66] Other Important Information - The company reported a 10% growth in retail primary banking customers over the last year, reflecting strengthened primary banking relationships [16][41] - The digital customer base increased, with retail digital customers reaching 83% and commercial digital clients at 74% [43][44] - The company continues to focus on sustainability, with a sustainable loan portfolio reaching $400 million and various initiatives supporting environmental and social goals [53][54] Q&A Session Summary Question: NIM expectations and asset quality trends - Management indicated that NIM is expected to improve in the second half of the year, with a potential close to the target of 5.4% as the consumer portfolio resumes growth [63][64] - The cost of risk is expected to increase slightly as the consumer loan book grows, with guidance around 3% for the year [66] - OpEx growth is anticipated to continue but at a slower rate, aligning more closely with inflation [76][78]

Eagle Point Credit Company (ECC) Q2 2025 Earnings Call August 12, 2025 10:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by. The Eagle Point Credit Company conference call will begin in two minutes. Once again, we thank you for standing by. Our conference will begin in two minutes. Greetings, and welcome to the Eagle Point Credit Company, Inc.Second Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. A question and answer ses ...