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Kodiak Gas Services Announces Pricing of Underwritten Offering of 10,000,000 Shares of Common Stock by Selling Stockholder
Kodiak Gas Services Announces Pricing of Underwritten Offering of 10,000,000 Shares of Common Stock by Selling Stockholder THE WOODLANDS, Texas, Sep. 08 /BusinessWire/ -- Kodiak Gas Services, Inc. (NYSE:KGS) ("Kodiak" or the "Company") today announced the pricing of an underwritten offering (the "Offering") of 10,000,000 shares of its common stock by Frontier TopCo Partnership, L.P. (the "Selling Stockholder"), an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV, at a price to the public of $34.40 per share. Kodiak will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the Selling Stockholder. The Offering is expected to close on September 9, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the underwriter for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an automatic shelf registration statement on Form S-3 (File No. 333-280737), which was filed with the Securities and Exchange Commission (the "SEC") and became effective on July 10, 2024. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained for free on the SEC's website at www.sec.gov or by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com. There shall not be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Kodiak Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high-volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems. Forward-Looking Statements This press release includes "forward-looking statements" for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. They include statements regarding the Offering, including the completion thereof. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. These forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Kodiak's control, including but not limited to, risks and uncertainties related to economic, market or business conditions, and satisfaction of customary closing conditions related to the Offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors discussed from time to time in the Company's filings with the SEC, including, but not limited to, those described under the section entitled "Risk Factors" in Kodiak's Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent filings with the SEC. All forward-looking statements, expressed or implied, included in this press release speak only as of the date of this press release are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by applicable law, Kodiak disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20250908744557/en/ back
Aquafortus and Sunchem Join Halliburton Labs as Newest Participants
Aquafortus and Sunchem Join Halliburton Labs as Newest Participants HOUSTON, Sep. 08 /BusinessWire/ -- Halliburton Labs welcomes two innovative startups to its collaborative ecosystem, Aquafortus and Sunchem, each selected for their high-potential technologies to accelerate The future of energy. Faster.™ "We are excited to collaborate with Aquafortus and Sunchem and bring the Halliburton Labs experience to help them build scale," said Andres Cabada, managing director of Halliburton Labs. "Our hands-on support, global infrastructure, and operational expertise remove barriers that slow commercialization. These resources help them reach industrial scale faster and accelerate the future of energy." Aquafortus is a pioneer in non-thermal desalination for high-salinity industrial brines. The company developed a proprietary solvent exchange process that operates at a fraction of the cost of thermal technologies. It eliminates the energy input associated with the phase change of water. Aquafortus enables economic extraction of fresh water and concentrated mineral streams, which supports a circular economy in multibillion-dollar markets. The company operates a 2,000-barrels-per-day pilot facility in West Texas. That site treats oilfield brines and began operations in 2024. "Joining Halliburton Labs marks a pivotal moment for Aquafortus as we scale our non-thermal desalination technology in the U.S. oil and gas industry and beyond," said Jim Newman, chief executive officer of Aquafortus. "We're excited to collaborate with the extensive Halliburton team and leverage Halliburton's deep expertise and broad infrastructure to accelerate our transformational water recovery solution to industry." Sunchem is a provider of precision metal recovery technologies for industrial processes in the critical metals value chain. It built proof-of-concept systems in metal recycling and mining, launched trials with large industrial organizations, and secured commercial agreements. "We are thrilled to join Halliburton Labs and tap into their deep operational expertise and global network," said Daniel T. Sun, co-founder and CEO of Sunchem. "This collaboration will accelerate the commercialization of our precision metal separation technologies and expand our impact across the critical metals value chain." Join us in September for the next Finalists Pitch Day Halliburton Labs invites energy and decarbonization innovators, startups, and investors to Finalists Pitch Day in Houston on Friday, Sept. 19, 2025. The event takes place during Houston Energy Climate Startup Week. Finalists Pitch Day event features pitches from selected startups with the focus on the Future of Energy, Faster™. Register here to be part of the experience and contribute to the future of sustainable energy. About Halliburton Labs Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster. Halliburton Labs provides access to world-class facilities, a global business network, commercialization expertise, and financing opportunities to help participants scale their business. Visit the company's website at Halliburton Labs. Connect with Halliburton Labs on LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE:HAL). View source version on businesswire.com: https://www.businesswire.com/news/home/20250908434444/en/ back
Antero Midstream Announces Launch of $500 Million Offering of Senior Notes
Antero Midstream Announces Launch of $500 Million Offering of Senior Notes DENVER, Sept. 8, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2033 (the "Notes") in a private placement to eligible purchasers. Antero Midstream intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem in full its 5.75% senior notes due 2027 (the "2027 Notes") at a redemption price of 100% plus accrued but unpaid interest. The redemption of the 2027 Notes is expected to be conditioned on the completion of the offering of the Notes. The offering of the Notes is not contingent upon the completion of such redemption. The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release shall not constitute a notice of redemption of the 2027 Notes. Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties. This release includes "forward-looking statements." Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Midstream's control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Midstream expects, believes or anticipates will or may occur in the future, such as statements regarding the proposed offering and the intended use of proceeds are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although Antero Midstream believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Midstream expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements. Antero Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties incidental to our business, most of which are difficult to predict and many of which are beyond Antero Midstream's control. These risks include, but are not limited to, commodity price volatility, inflation, supply chain or other disruptions, environmental risks, Antero Resources Corporation's drilling and completion and other operating risks, regulatory changes or changes in law, the uncertainty inherent in projecting Antero Resources Corporation's future rates of production, cash flows and access to capital, the timing of development expenditures, impacts of world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading "Item 1A. Risk Factors" in Antero Midstream's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequently filed Quarterly Reports on Form 10-Q. View original content to download multimedia:https://www.prnewswire.com/news-releases/antero-midstream-announces-launch-of-500-million-offering-of-senior-notes-302549052.html SOURCE Antero Midstream Corporation
SM ENERGY ANNOUNCES PLANNED RETIREMENT OF CHIEF EXECUTIVE OFFICER HERBERT S. VOGEL AND APPOINTMENT OF ELIZABETH A. MCDONALD AS PRESIDENT
SM ENERGY ANNOUNCES PLANNED RETIREMENT OF CHIEF EXECUTIVE OFFICER HERBERT S. VOGEL AND APPOINTMENT OF ELIZABETH A. MCDONALD AS PRESIDENT DENVER, Sept. 8, 2025 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) today announced that Chief Executive Officer Herbert S. Vogel has advised the Board of Directors of SM Energy (the "Board") of his intention to retire as Chief Executive Officer on March 1, 2026, and that he has resigned as President of the Company effective September 4, 2025. Mr. Vogel intends to remain a member of the Board until the Company's next annual meeting of stockholders, scheduled to be held in May 2026, and is expected to take on an executive advisor role for a period of time. The Company also announced that Elizabeth A. McDonald has been appointed to the position of President, her new title being President and Chief Operating Officer. The Board currently intends to promote Ms. McDonald to President and Chief Executive Officer, effective upon Mr. Vogel's retirement. Chairman of the Board Julio Quintana said, "Speaking on behalf of the Board of Directors, the SM Energy team and our stockholders, we thank Herb for his years of dedication and outstanding leadership. Herb's successful tenure is highlighted by significant portfolio expansion and bottom-line growth driven by his leadership culture that encouraged technology, innovation and collaboration and prioritized safety, integrity and stewardship. Our succession planning process sought continuity of these critical values, and we are delighted to have Beth in place. We congratulate Beth on her appointment to President knowing that her background, leadership strength and commitment to SM Energy's long-term values will deliver continued success." Mr. Vogel comments: "My time with SM Energy has certainly been the highlight of my career, and it has been a true privilege to work with such talented and dedicated people at the forefront of the oil and gas industry. I am very proud of all of the accomplishments of the SM Energy team over the years, including our repeated ability to use our technical strengths to unlock value not recognized by others, and am highly confident that under Beth's leadership the future will see continued value creation and great things to come." Ms. McDonald adds: "I am honored to have the opportunity to serve as SM Energy's President and Chief Operating Officer. This is an exciting time for SM Energy as we embrace a step-change in scale in reserves, production and cash flow, which are complemented by a strong balance sheet. We look forward to building upon this success with continued emphasis on our differential expertise in technology, geosciences and engineering." FORWARD LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address events, or developments that we expect, believe, or anticipate will or may occur in the future are forward-looking statements. The words "intend," "expect," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include Mr. Vogel's intention to retire as Chief Executive Officer on March 1, 2026, his intention to remain a member of the Board of Directors of the Company until the Company's next annual meeting of stockholders, the expectation that he will take on an executive advisor role, the expectation that Ms. McDonald will be appointed to the role of Chief Executive Officer, and future expectations for the Company under Ms. McDonald's leadership. Such forward-looking statements are based on assumptions and analyses made by SM Energy in light of its perception of current conditions, expected future developments, and other factors that SM Energy believes are appropriate under the circumstances. These statements are subject to a number of known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and actual events may be materially different from those expressed or implied in the forward-looking statements. The forward-looking statements in this press release speak as of the date of this press release. ABOUT THE COMPANY SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, gas, and NGLs in the states of Texas and Utah. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com. SM ENERGY INVESTOR CONTACTS Patrick Lytle, plytle@sm-energy.com, 303-864-2502 Meghan Dack, mdack@sm-energy.com, 303-837-2426 View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-announces-planned-retirement-of-chief-executive-officer-herbert-s-vogel-and-appointment-of-elizabeth-a-mcdonald-as-president-302548631.html SOURCE SM Energy Company
Gulfport Energy Announces Completion of Preferred Stock Redemption
Gulfport Energy Announces Completion of Preferred Stock Redemption OKLAHOMA CITY, Sep. 08 /BusinessWire/ -- Gulfport Energy Corporation (NYSE:GPOR) ("Gulfport" or the "Company") today announced that it has completed the redemption of its Series A Convertible Preferred Stock (the "Preferred Stock"). On September 5, 2025 (the "Redemption Date"), the Company redeemed a total of 2,449 shares of Preferred Stock at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends through the Redemption Date. No shares of Preferred Stock remain outstanding following the transaction. Since June 30, 2025 and prior to the Redemption Date, 28,907 shares of Preferred Stock were converted into approximately 2.1 million shares of Gulfport common stock. About Gulfport Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. Investors should note that Gulfport announces financial information in SEC filings, press releases and public conference calls. Gulfport may use the Investors section of its website (www.gulfportenergy.com) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on Gulfport's website is not part of this filing. View source version on businesswire.com: https://www.businesswire.com/news/home/20250908607930/en/ back
Expro Sets Offshore World Record with Heaviest Casing String Deployment
Expro Sets Offshore World Record with Heaviest Casing String Deployment Record-breaking cementing technology enhances rig safety and efficiency pushing the boundaries of deepwater well construction. HOUSTON, Sep. 08 /BusinessWire/ -- Expro (NYSE:XPRO), a leading provider of energy services, achieved a world record by deploying the heaviest casing string to date, using its advanced Blackhawk® Gen III Wireless Top Drive Cement Head with SKYHOOK® technology. The record was achieved on a significant project in the Gulf of America for a super major. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250908908019/en/Expro's GEN III Cement Head Record The operation, conducted aboard the Transocean Deepwater Titan - an 8th-generation ultra-deepwater drillship - set a new benchmark in deepwater well construction. With a maximum hook load of 2.849 million pounds, the casing deployment exceeded all prior offshore records. This deployment reaffirms Expro's commitment to innovation and excellence in offshore well construction. The Gen III cement head with SKYHOOK® now stands as the only three million pound combined rated cementing system in the industry, designed to deliver unmatched safety, efficiency, and reliability in the most extreme offshore environments. The Expro BLACKHAWK® Gen III Top-Drive Cement Head is optimal for rotating while cementing drill pipe-deployed casing strings or liners. When combined with the SKYHOOK® Cement Line Make-Up Device, the wireless cement heads enhance the safety of cementing operations by eliminating the need for personnel above the rig floor and improves rig efficiency. Expro's Blackhawk® Gen III cement head, engineered for full pressure and tensile capacity - 15,000 psi and three million pounds, respectively - was instrumental in enabling this feat. Unlike other systems that require derating under high-pressure conditions, the Gen III system maintained full performance and structural integrity throughout the operation. The operator's project stands among the world's most technically demanding well construction campaigns. Facing casing high tensile hook loads resulting from deep casing set points, the operation demanded a cementing solution engineered for extreme conditions. Expro leveraged its engineering expertise to deliver a bespoke, high-capacity cement head purpose-built for the operator's campaign. "This deployment marks a step-change in offshore cementing, setting a new standard for ultra deep high pressure targets," said Jeremy Angelle, VP of Well Construction of Expro. "We are extremely proud to have supported this operator in achieving this critical milestone with a robust, high-performance cement head that delivered safely and reliably under record-setting loads." Notes to Editors Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what Expro considers to be best-in-class safety and service quality. Expro's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries. For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success, safety and efficiency of the Company's well construction technologies, and future growth, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20250908908019/en/ back
New Fortress Energy Announces Second Quarter 2025 Results
New Fortress Energy Announces Second Quarter 2025 Results NEW YORK, Sep. 05 /BusinessWire/ -- New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the second quarter of 2025. Adjusted EBITDA(1) of $(4) million in the second quarter of 2025 Net loss of $557 million in the second quarter of 2025 Significant non-cash impairments of assets and goodwill totaling $699 million Gain on sale of our Jamaican operations of $473 million EPS of $(2.02) on a fully diluted basis in the second quarter of 2025 Total cash balance of $821 million, of which $551 million is unrestricted as of June 30, 2025 We believe there are a number of substantial commercial opportunities to improve our results of operations and liquidity position by the end of 2025, including: We continue to negotiate a long-term gas sale agreement ("GSA") with PREPA to provide gas island-wide in Puerto Rico. During these negotiations we are extending the current island-wide GSA on a weekly basis as we work towards a long-term agreement that is in the best interests of both parties and achieves our mutual goal of sustained, efficient, and economical power generation for the people of Puerto Rico. We continue to be in active dialogue with FEMA and the US Army Corps of Engineers on our Request for an Equitable Adjustment related to the temporary power solution in Puerto Rico and are increasingly confident the matter will be resolved by the end of this year. We have begun the commissioning of our 624 MW CELBA plant, and we expect the power plant to be operational(3) before the end of the year. We continue to optimize our shipping portfolio; we executed a 10 year charter for the Energos Eskimo with the Egyptian Natural Gas Holding Company ("EGAS") in Q4 2024, and we have executed a 3 year charter for the Energos Freeze with Energia 2000 S.A. in Q2 2025. Furthermore, we executed a 5 year charter for the Energos Winter with EGAS in July. We are encouraged by a recent announcement in Brazil of an intention to hold power auctions on March 13, 2026. We think the ultimate size of the auction could be larger than initially expected, potentially as large as 15 GW. We believe our critical infrastructure assets, including our terminal in Santa Catarina, positions us well to either develop our own power projects or provide reliable service to others. We expect our core earnings to increase as our developments in Brazil, Nicaragua and expansions in Puerto Rico, come online(3), and we have the following positive developments across our business: We continue to make substantial progress on our PortoCem power plant in Brazil that is over 70% complete(3). The project is on-time, on-budget and is fully funded with asset-level debt already in place. FLNG 1 performed at or above nameplate capacity for all of Q2.(4) NFE has initiated a process to evaluate its strategic alternatives to improve its capital structure. It has retained Houlihan Lokey Capital, Inc. as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor to assist NFE in this evaluation. The Company, along with its advisors, is considering all options available, including asset sales, capital raising, debt amendments and refinancing transactions, and other strategic transactions that seek to provide additional liquidity and relief from acceleration under its debt agreements. As part of this process, NFE is engaging in discussions with various existing stakeholders and potential investors. There are inherent uncertainties as the outcome of these negotiations and potential transactions described above are outside management's control, and therefore there are no assurances that management will be successful in these negotiations and that any of these potential transactions will occur. In addition, there can be no assurances that these transactions will sufficiently improve the Company's liquidity or that the Company will otherwise realize the anticipated benefits. Financial Detail 1) For a definition and reconciliation of "Adjusted EBITDA," a non-GAAP measure, see the exhibits to this press release. 2) "Total Segment Operating Margin" is the total of our Terminals and Infrastructure Segment Operating Margin and Ships Segment Operating Margin, each as reported in our financial statements. Our segment measure also excludes unrealized mark-to-market gains or losses on derivative instruments, certain contract acquisition costs and deferred earnings from contracted sales for which a prepayment has been received. 3) "Completed", "Placed into service" "Online" or similar statuses (either capitalized or lower case) with respect to a particular project means we expect gas to be made available in the near future, gas has been made available to the relevant project, or that the relevant project is in full commercial operations. Where gas is going to be made available or has been made available but full commercial operations have not yet begun, full commercial operations will occur later than, and may occur substantially later than, our reported Operational, Completion or Deployment date, and we may not generate any revenue until full commercial operations have begun. We cannot assure you if or when such projects will reach full commercial operation. Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies. No assurance can be given that we will receive required permits, approvals and authorizations from governmental and regulatory agencies in connection with the exportation of liquefied natural gas on a timely basis or at all or that, once received, we will be able to maintain in full force and effect, renew or replace such permits, approvals and authorizations. 4) The FLNG 1 unit performed at or above name plate capacity for all of the second quarter excluding scheduled and planned maintenance periods during the quarter. Additional Information For additional information that management believes to be useful for investors, please refer to the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, posted on New Fortress Energy's website, www.newfortressenergy.com. Nothing on our website is included or incorporated by reference herein. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world. Cautionary Statement Concerning Forward-Looking Statements This press release contains certain statements and information that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as "expects," "may," "will," "can," "could," "should," "predicts," "intends," "plans," "estimates," "anticipates," "believes," "schedules," "progress," "targets," "budgets," "outlook," "trends," "forecasts," "projects," "guidance," "focus," "on track," "goals," "objectives," "strategies," "opportunities," "poised," or the negative version of those words or other comparable words. Forward-looking statements include statements regarding our expectations in the remainder of 2025, including the impact on our results, core earnings, the process to evaluate our strategic alternatives, and any potential asset sales, capital raising, debt amendments and refinancing and other transactions. These forward-looking statements are based upon current information and involve a number of risks, uncertainties and other factors, many of which are outside of the Company's control. Actual results or events may differ materially from the results anticipated in these forward-looking statements. Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: our strategy and plans for the Company, including the structure, form, timing and nature of the Company's business in the future and characteristics of the business going forward; risks related to the development, construction, completion or commissioning schedule for the facilities; risks related to the operation and maintenance of our facilities and assets; failure of our third-party contractors, equipment manufacturers, suppliers and operators to perform their obligations for the development, construction and operation of our projects, vessels and assets; our ability to implement our business strategy; our capital allocation plans, as such plans may change including with respect to de-leveraging actions; operational execution by our businesses; changes in law, economic and financial conditions, including the effect of enactment of U.S. tax reform or other tax law changes, trade policy and tariffs, interest and exchange rate volatility, commodity and equity prices and the value of financial assets; the other factors that are described in "Forward-Looking Statements" in the Company's most recent earnings release or SEC filings; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, as updated in our Quarterly Reports on Form 10-Q. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of the Company's forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no duty to update or revise any forward-looking statements, even though our situation may change in the future or we may become aware of new or updated information relating to such forward-looking statements. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.'s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement. Source: New Fortress Energy Inc. Exhibits - Financial Statements Adjusted EBITDA For the three months ended June 30, 2025 (Unaudited, in thousands of U.S. dollars) Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered in isolation or as an alternative to income from operations, net income, cash flow from operating activities or any other measure of performance or liquidity derived in accordance with GAAP. We believe this non-GAAP measure, as we have defined it, offers a useful supplemental view of the overall operation of our business in evaluating the effectiveness of our ongoing operating performance in a manner that is consistent with metrics used for management's evaluation of our overall performance and to compensate employees. We believe that Adjusted EBITDA is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, depreciation, and amortization which vary substantially from company to company depending on capital structure, the method by which assets were acquired and depreciation policies. Further, we exclude certain items from our SG&A not otherwise indicative of ongoing operating performance. We calculate Adjusted EBITDA as net income, plus transaction and integration costs, contract termination charges and loss on mitigations sales, depreciation and amortization, asset impairment expense, loss on asset sales, interest expense, net, other (income) expense, net, loss on extinguishment of debt, changes in fair value of non-hedge derivative instruments and contingent consideration, tax expense, and adjusting for certain items from our SG&A not otherwise indicative of ongoing operating performance, including non-cash share-based compensation and severance expense, non-capitalizable development expenses, cost to pursue new business opportunities and expenses associated with changes to our corporate structure, certain non-capitalizable contract acquisition costs plus our pro rata share of Adjusted EBITDA from certain unconsolidated entities, less the impact of equity in earnings (losses) of certain unconsolidated entities. Adjusted EBITDA is mathematically equivalent to our Total Segment Operating Margin, as reported in the segment disclosures within our financial statements, minus Core SG&A, including our pro rata share of such expenses of certain unconsolidated entities, minus deferred earnings for which a prepayment was received. Core SG&A is defined as total SG&A adjusted for non-cash share-based compensation and severance expense, non-capitalizable development expenses, cost of exploring new business opportunities and expenses associated with changes to our corporate structure. Core SG&A excludes certain items from our SG&A not otherwise indicative of ongoing operating performance. The principal limitation of this non-GAAP measure is that it excludes significant expenses and income that are required by GAAP to be recorded in our financial statements. Investors are encouraged to review the related GAAP financial measures and the reconciliation of the non-GAAP financial measure to our GAAP net income, and not to rely on any single financial measure to evaluate our business. Adjusted EBITDA does not have a standardized meaning, and different companies may use different Adjusted EBITDA definitions. Therefore, Adjusted EBITDA may not be necessarily comparable to similarly titled measures reported by other companies. Moreover, our definition of Adjusted EBITDA may not necessarily be the same as those we use for purposes of establishing covenant compliance under our financing agreements or for other purposes. Adjusted EBITDA should not be construed as alternatives to net income and diluted earnings per share attributable to New Fortress Energy, which are determined in accordance with GAAP. The following table sets forth a reconciliation of net income to Adjusted EBITDA for the three months ended June 30, 2024, March 31, 2025 and June 30, 2025: Segment Operating Margin (Unaudited, in thousands of U.S. dollars) Performance of our two segments, Terminals and Infrastructure and Ships, is evaluated based on Segment Operating Margin. Segment Operating Margin reconciles to Consolidated Segment Operating Margin as reflected below, which is a non-GAAP measure. We define Consolidated Segment Operating Margin as GAAP net income, adjusted for selling, general and administrative expense, transaction and integration costs, contract termination charges and loss on mitigation sales, depreciation and amortization, asset impairment expense, (gain) loss on sales, interest expense, other (income) expense, loss on extinguishment of debt, net, (income) loss from equity method investments and tax (benefit) provision. Consolidated Segment Operating Margin is mathematically equivalent to Revenue minus Cost of sales minus Operations and maintenance minus Vessel operating expenses, each as reported in our financial statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20250905014433/en/ back
AppLovin, Robinhood Markets and Emcor Group Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
AppLovin, Robinhood Markets and Emcor Group Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600 NEW YORK, Sept. 5, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 22, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space. Uber Technologies Inc. (NYSE: UBER) will replace Charter Communications Inc. (NASD: CHTR) in the S&P 100. Charter Communications will remain in the S&P 500.AppLovin Corp. (NASD: APP), Robinhood Markets Inc. (NASD: HOOD) and S&P MidCap 400 constituent Emcor Group Inc. (NYSE: EME) will replace MarketAxess Holdings Inc. (NASD: MKTX), Caesars Entertainment Inc. (NASD: CZR), and Enphase Energy Inc. (NASD: ENPH) in the S&P 500, respectively. S&P SmallCap 600 constituents MP Materials Corp. (NYSE: MP) and Kratos Defense & Security Solutions Inc. (NASD: KTOS) will replace Emcor Group and The Wendy's Company (NASD: WEN) in the S&P MidCap 400, respectively. MarketAxess Holdings, Caesars Entertainment, Enphase Energy and The Wendy's Company will replace ProPetro Holdings Corp. (NYSE: PUMP), Xerox Holdings (NASD: XRX), MP Materials Corp, and Kratos Defense & Security Solutions in the S&P SmallCap 600, respectively.Nutanix Inc. (NASD: NTNX) and TransUnion (NYSE: TRU) will replace Acadia Healthcare Company Inc. (NASD: ACHC) and ManpowerGroup Inc. (NYSE: MAN) in the S&P MidCap 400, respectively. Acadia Healthcare and ManpowerGroup will replace TechTarget Inc. (NASD: TTGT) and Mesa Laboratories Inc. (NASD: MLAB) in the S&P SmallCap 600, respectively.Noble Corporation plc (NYSE: NE), Q2 Holdings Inc. (NYSE: QTWO), Waystar Holding Corp. (NASD: WAY) and Hecla Mining Co. (NYSE: HL) will replace Owens & Minor Inc. (NYSE: OMI), B&G Food Inc. (NYSE: BGS), Jack in the Box Inc. (NASD: JACK) and Simulations Plus Inc. (NASD: SLP) in the S&P SmallCap 600, respectively.Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Sept 22, 2025 S&P 100 Addition Uber Technologies UBER Industrials Sept 22, 2025 S&P 100 Deletion Charter Communications CHTR Communications Services Sept 22, 2025 S&P 500 Addition AppLovin APP Information Technology Sept 22, 2025 S&P 500 Addition Robinhood Markets HOOD Financials Sept 22, 2025 S&P 500 Addition Emcor Group EME Industrials Sept 22, 2025 S&P 500 Deletion MarketAxess Holdings MKTX Financials Sept 22, 2025 S&P 500 Deletion Caesars Entertainment CZR Consumer Discretionary Sept 22, 2025 S&P 500 Deletion Enphase Energy ENPH Information Technology Sept 22, 2025 S&P MidCap 400 Addition Nutanix NTNX Information Technology Sept 22, 2025 S&P MidCap 400 Addition TransUnion TRU Industrials Sept 22, 2025 S&P MidCap 400 Addition MP Materials MP Materials Sept 22, 2025 S&P MidCap 400 Addition Kratos Defense & Security Solutions KTOS Industrials Sept 22, 2025 S&P MidCap 400 Deletion Emcor Group EME Industrials Sept 22, 2025 S&P MidCap 400 Deletion The Wendy's Company WEN Consumer Discretionary Sept 22, 2025 S&P MidCap 400 Deletion Acadia Healthcare Company ACHC Health Care Sept 22, 2025 S&P MidCap 400 Deletion ManpowerGroup MAN Industrials Sept 22, 2025 S&P SmallCap 600 Addition MarketAxess Holdings MKTX Financials Sept 22, 2025 S&P SmallCap 600 Addition Caesars Entertainment CZR Consumer Discretionary Sept 22, 2025 S&P SmallCap 600 Addition Enphase Energy ENPH Information Technology Sept 22, 2025 S&P SmallCap 600 Addition The Wendy's Company WEN Consumer Discretionary Sept 22, 2025 S&P SmallCap 600 Addition Acadia Healthcare Company ACHC Health Care Sept 22, 2025 S&P SmallCap 600 Addition ManpowerGroup MAN Industrials Sept 22, 2025 S&P SmallCap 600 Addition Noble Corporation NE Energy Sept 22, 2025 S&P SmallCap 600 Addition Q2 Holdings QTWO Information Technology Sept 22, 2025 S&P SmallCap 600 Addition Waystar Holding WAY Health Care Sept 22, 2025 S&P SmallCap 600 Addition Hecla Mining HL Materials Sept 22, 2025 S&P SmallCap 600 Deletion MP Materials MP Materials Sept 22, 2025 S&P SmallCap 600 Deletion Kratos Defense & Security Solutions KTOS Industrials Sept 22, 2025 S&P SmallCap 600 Deletion ProPetro Holding PUMP Energy Sept 22, 2025 S&P SmallCap 600 Deletion Xerox Holdings XRX Information Technology Sept 22, 2025 S&P SmallCap 600 Deletion TechTarget TTGT Communication Services Sept 22, 2025 S&P SmallCap 600 Deletion Mesa Laboratories MLAB Health Care Sept 22, 2025 S&P SmallCap 600 Deletion Owens & Minor OMI Health Care Sept 22, 2025 S&P SmallCap 600 Deletion B&G Foods BGS Consumer Staples Sept 22, 2025 S&P SmallCap 600 Deletion Jack in the Box JACK Consumer Discretionary Sept 22, 2025 S&P SmallCap 600 Deletion Simulations Plus SLP Health Care For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com. FOR MORE INFORMATION: S&P Dow Jones Indicesindex_services@spglobal.com Media Inquiriesspdji.comms@spglobal.com View original content:https://www.prnewswire.com/news-releases/applovin-robinhood-markets-and-emcor-group-set-to-join-sp-500-others-to-join-sp-100-sp-midcap-400-and-sp-smallcap-600-302548140.html SOURCE S&P Dow Jones Indices
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GES, CRGY, GNTY on Behalf of Shareholders
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GES, CRGY, GNTY on Behalf of Shareholders NEW YORK, Sept. 5, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Guess?, Inc. (NYSE: GES)'s sale to Authentic Brands Group LLC and Guess? insiders for $16.75 per share in cash. If you are a Guess? shareholder, click here to learn more about your legal rights and options. Crescent Energy Company (NYSE: CRGY)'s merger with Vital Energy, Inc. If you are a Crescent shareholder, click here to learn more about your legal rights and options. Guaranty Bancshares, Inc. (NYSE: GNTY)'s sale to Glacier Bancorp, Inc. for 1.0000 share of Glacier stock for each Guaranty share (subject to adjustment under certain circumstances). If you are a Guaranty shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060sadeh@halpersadeh.comzhalper@halpersadeh.comhttps://www.halpersadeh.com View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-investigation-halper-sadeh-llc-investigates-ges-crgy-gnty-on-behalf-of-shareholders-302547604.html SOURCE Halper Sadeh LLP
Sunoco LP Announces Pricing of Upsized Preferred Equity Offering
Sunoco LP Announces Pricing of Upsized Preferred Equity Offering DALLAS, Sept. 4, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced the pricing of a private offering (this "offering") of 1.5 million of its 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") at an offering price of $1,000 per unit. Sunoco will receive gross proceeds of $1.5 billion from the sale of the Series A Preferred Units before deducting the initial purchasers' discount and other estimated offering expenses. This offering was upsized from an initial offering size of 1 million Series A Preferred Units. This offering is expected to settle on September 18, 2025, subject to the satisfaction of customary closing conditions. Use of Proceeds Sunoco intends to use the net proceeds from this offering (i) on the closing date (the "Effective Date") of Sunoco's acquisition of all of the issued and outstanding common shares of Parkland Corporation ("Parkland" and such acquisition, the "Parkland Acquisition"), together with the net proceeds of the previously announced private offering of its senior notes due 2031 in an aggregate principal amount of $1 billion (the "2031 notes") and senior notes due 2034 in an aggregate principal amount of $900 million (the "2034 notes," and collectively with the 2031 notes, the "notes," and such offering, the "Notes Offering"), to fund a portion of the cash consideration for the Parkland Acquisition and related transaction costs, with the remaining proceeds, if any, to be used for general corporate purposes, and (ii) prior to the Effective Date, to temporarily reduce the borrowings outstanding under Sunoco's revolving credit facility and pay interest and fees in connection therewith. This offering is not contingent on the completion of the Parkland Acquisition or the Notes Offering, and neither the Parkland Acquisition nor the Notes Offering is conditioned on the completion of this offering. If (i) the Parkland Acquisition has not been completed on or prior to May 5, 2026 (the "Special Mandatory Redemption Date"), or (ii) prior to the Special Mandatory Redemption Date, (a) the Arrangement Agreement, dated as of May 4, 2025, among Sunoco, Parkland and certain of their respective affiliates, is terminated or (b) Sunoco will not pursue the completion of the Parkland Acquisition or has determined in its sole discretion that the completion of the Parkland Acquisition cannot or is not reasonably likely to be satisfied by the Special Mandatory Redemption Date, the Series A Preferred Units will be subject to a special mandatory redemption at a price equal to $1,000 per Series A Preferred Unit plus, in each case, an amount equal to all accumulated and unpaid distributions thereon to, but excluding, the Special Mandatory Redemption Date, whether or not declared. Details on the Series A Preferred Units Distributions on the Series A Preferred Units, which will be paid semi-annually on March 18 and September 18 each year beginning March 18, 2026, will accrue and be cumulative from and including the date of original issue to, but excluding, September 18, 2030 (the "First Reset Date"), at a rate of 7.875% per annum of the stated liquidation preference of $1,000. On and after the First Reset Date, distributions on the Series A Preferred Units will accumulate at a percentage of the $1,000 liquidation preference equal to an interest rate equal to the Five-Year U.S. Treasury Rate (as described in the offering memorandum relating to this offering), plus a spread of 4.230% per annum. The Series A Preferred Units are redeemable, in whole or in part, on one or more occasions, at Sunoco's option on or after the First Reset Date at a redemption price of $1,000 per Series A Preferred Unit, plus, in each case, an amount equal to all accumulated and unpaid distributions thereon to, but excluding, the date of redemption. The Series A Preferred Units are not convertible into or exchangeable for any other securities of Sunoco and will have limited voting rights. The Series A Preferred Units may be redeemed at the option of Sunoco in certain circumstances. This offering of the Series A Preferred Units has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, the Series A Preferred Units may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Sunoco plans to offer and sell the Series A Preferred Units only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. This news release is neither an offer to sell nor a solicitation of an offer to buy the Series A Preferred Units or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Series A Preferred Units or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About Sunoco LP Sunoco LP (NYSE: SUN) is an energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico with an extensive network of approximately 14,000 miles of pipeline and over 100 terminals for midstream operations. Sunoco's general partner is owned by Energy Transfer LP (NYSE: ET). Forward-Looking Statements This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law, including without limitation statements regarding this offering. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in Sunoco's Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and other documents filed from time to time with the Securities and Exchange Commission. Sunoco undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. ContactsScott GrischowTreasurer, Senior Vice President - Finance(214) 840-5660, scott.grischow@sunoco.com Brian BrungardtDirector - Investor Relations(214) 840-5437, brian.brungardt@sunoco.com View original content to download multimedia:https://www.prnewswire.com/news-releases/sunoco-lp-announces-pricing-of-upsized-preferred-equity-offering-302547206.html SOURCE Sunoco LP
Nextracker Introduces NX PowerMerge, a Transformative Electrical Balance of Systems (eBOS) Trunk Connector
Nextracker Introduces NX PowerMerge, a Transformative Electrical Balance of Systems (eBOS) Trunk Connector DC power connector provides greater reliability and energy yield with lower cost for ground mount solar power plants FREMONT, Calif., Sep. 04 /BusinessWire/ -- Nextracker (NASDAQ:NXT), a leading solar technology platform provider, today announced the launch of its proprietary NX PowerMerge™ trunk connector, a next generation DC power component designed to streamline electrical balance of systems (eBOS) installation and boost long-term reliability. With NX PowerMerge, Nextracker has reimagined DC architectures to deliver a field flexible, cost efficient, and reliable solution to aggregate DC power collection to meet the needs of engineering procurement and construction (EPC) providers and owners. This innovative solution marks the first product introduction to the Nextracker eBOS portfolio since its acquisition of Bentek earlier this year and reinforces its commitment to delivering high performance solar plant solutions at scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250904591641/en/Nextracker introduces its next generation NX PowerMerge™ electrical balance of systems (eBOS) trunk connector for greater reliability and energy yield with lower cost for ground mount solar power plants (Photo: Nextracker) "We are excited to introduce NX PowerMerge to advance the electrical architecture of solar power plants," said Dan Shugar, founder and CEO of Nextracker. "Customers will appreciate faster and more flexible construction, greater reliability, and alignment with the attributes of a modern grid. This is the kind of highly scalable technology that can help solar power continue to grow its share of the global power generation market." Compared to traditional trunk systems, NX PowerMerge provides field flexibility with fewer connections and a simplified installation process, establishing a more secure, stable power distribution path across the tracker array. Built for compatibility with all solar trackers and fixed systems, NX PowerMerge accelerates installation and commissioning, and enhances long-term reliability and energy production yield. NX PowerMerge is available for purchase now with deliveries beginning in spring 2026 with a manufactured in the U.S.A. option. Developed to meet the demands of today's high-voltage, high-density solar arrays, Nextracker's NX PowerMerge trunk connector delivers a robust, 2kV-ready solution for PV string-to-trunk bus connections. With 400A+ ampacity, support for up to eight tap wires (6-8 AWG), and compatibility with trunk conductors up to 1000 kcmil, NX PowerMerge enables developers to reduce the number of connection points, simplify inverter block layouts, and streamline project designs. NX PowerMerge trunk connector key features include: Field adaptable installation that aligns flexibly with diverse solar field layouts and site conditions Expanded contact surface area, lowering electrical resistance and enhancing connection stability Maintenance-free operation that reduces long-term O&M and enhances energy production As labor costs rise and skilled field resources tighten, NX PowerMerge™ helps EPCs to accelerate timelines through simplified installation and standardized, scalable architecture designed for long-term field performance. This solution also supports the industry's shift toward more centralized testing, standardization, and greater visibility for operators with fewer units to monitor in the field. For sales queries related to NX PowerMerge trunk connector, contact insidesales@nextracker.com or visit Nextracker's booth V9223 at RE+ 2025 at The Venetian in Las Vegas from September 8-11. Nextracker will be showcasing its full technology platform spanning solar tracker systems, foundations, yield management and control systems, and eBOS technologies. About Nextracker Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun's movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, visit Nextracker. Follow us on LinkedIn, YouTube, Instagram, X and Facebook. View source version on businesswire.com: https://www.businesswire.com/news/home/20250904591641/en/ back
Epsilon Energy Ltd. Announces Quarterly Dividend
Epsilon Energy Ltd. Announces Quarterly Dividend HOUSTON, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. ("Epsilon" or the "Company") (NASDAQ:EPSN) today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock (annualized $0.25/sh) to the stock holders of record at the close of business on September 15, 2025, payable on September 30, 2025. All dividends paid by the Company are "eligible dividends" as defined in subsection 89(1) of the Income Tax Act (Canada), unless indicated otherwise. About Epsilon Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, Alberta CA, New Mexico, and Oklahoma. Contact Information: 281-670-0002 Jason StabellChief Executive OfficerJason.Stabell@EpsilonEnergyLTD.com Andrew Williamson Chief Financial Officer Andrew.Williamson@EpsilonEnergyLTD.com
Monkey Island LNG Selects ConocoPhillips' Optimized Cascade(R) Process Technology
Monkey Island LNG Selects ConocoPhillips' Optimized Cascade(R) Process Technology HOUSTON, TX / ACCESS Newswire / September 4, 2025 / Monkey Island LNG today announced that it has selected ConocoPhillips' (NYSE:COP) Optimized Cascade Process liquefaction technology for its planned 26 MTPA natural gas liquefaction and export facility in Cameron Parish, Louisiana."After an extensive technology selection study and analysis on multiple technologies, Monkey Island LNG selected the Optimized Cascade process based on its operational flexibility, quick restart capabilities, high efficiency, and proven performance above nameplate capacity. The ConocoPhillips Optimized Cascade Process will enable Monkey Island LNG to provide customers with long-term, secure, and competitively priced LNG supply. The decision marks a major milestone in advancing Monkey Island LNG's mission to deliver TrueCost LNG a radically transparent, cost-efficient model that eliminates hidden fees and aligns incentives across the LNG value chain," stated Greg Michaels, CEO of Monkey Island LNG.Darren Meznarich, who leads ConocoPhillips LNG Technology and Licensing, added "ConocoPhillips is pleased to support Monkey Island LNG with our new, mega-module Optimized Cascade template, designed to reduce costs, plot size and overall project risks for our clients."The 246-acre project site, located on Monkey Island in Cameron Parish, Louisiana, is strategically positioned with access to both deepwater shipping channels and abundant U.S. natural gas supply. With the integration of Optimized Cascade technology, MILNG is reinforcing its commitment to provide customers and investors with a highly reliable and efficient LNG solution.For more information, visit monkeyislandlng.com.About Monkey Island LNGMonkey Island LNG ("MILNG") is a private company addressing the global energy crisis and growing demand for LNG through the development of critically needed U.S. natural gas infrastructure. Its flagship project, located on Monkey Island in Cameron Parish, Louisiana, sits just 2 miles inland from the Gulf of Mexico near abundant gas supply and features a proven and stable liquefaction technology of COP, an innovative commercial structure, and a low-cost construction plan leveraging an industry-proven EPC contractor. For more information, go to www.monkeyislandlng.com.About ConocoPhillipsAs a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at www.conocophillips.com.Optimized Cascade is a registered trademark of ConocoPhillips Company in the United States and certain other countries.Press ContactsFor Monkey Island LNG:Greg Michaels, CEO, Monkey Island LNGGreg.m@mkyisland.com949-636-5900For ConocoPhillips:Dennis Nuss, Media Relationsdennis.nuss@conocophillips.com281-293-1149CONOCOPHILLIPS CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995This release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events which may or may not be accurate or realized, and involve risks and uncertainties, many of which are beyond ConocoPhillips' control. A discussion of factors that may affect future results is included in ConocoPhillips' filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.SOURCE: Monkey Island LNGView the original press release on ACCESS Newswire
Plains All American Announces Pricing of Public Offering of $1.25 Billion of Senior Notes
Plains All American Announces Pricing of Public Offering of $1.25 Billion of Senior Notes HOUSTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the "Offering") of $1.25 billion aggregate principal amount of debt securities, consisting of $700 million aggregate principal amount of 4.70% senior unsecured notes due 2031 and $550 million aggregate principal amount of 5.60% senior unsecured notes due 2036, at a price to the public of 99.865% and 99.798% of their face value, respectively. The Offering is expected to close on September 8, 2025, subject to the satisfaction of customary closing conditions. PAA intends to use the proceeds, after the underwriter discounts and our expenses, of approximately $1,236.5 million from the Offering to redeem the 4.65% Senior Notes due October 2025 (the "Redemption") and to use the remaining net proceeds to fund a portion of the purchase price of the acquisition of a 55% non-operated interest in EPIC Crude Holdings, LP (the "EPIC Acquisition") and, pending such uses, for general partnership purposes, which may include, among other things, intra-group lending and related transactions, repayment of indebtedness, acquisitions, capital expenditures and additions to working capital. If we do not complete the EPIC Acquisition, we expect to use the portion of the net proceeds from the Offering related thereto for general partnership purposes as described above. The closing of the Offering is not conditioned on the consummation of either the Redemption or the EPIC Acquisition. In addition, the consummation of the Offering is not a condition to the consummation of either the Redemption or the EPIC Acquisition. No assurance can be given that the Redemption or the EPIC Acquisition will ultimately be completed on the terms currently contemplated or at all. BofA Securities, Inc., Barclays Capital Inc., PNC Capital Markets LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the Offering. The Offering is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (the "SEC") and may only be made by means of a base prospectus and accompanying prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, copies of which may be obtained from the underwriters as follows: This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Additionally, this news release shall not constitute an offer to purchase or the solicitation of an offer to sell any 4.65% Senior Notes due October 2025, nor does it constitute a notice of redemption under the indenture governing the 4.65% Senior Notes due October 2025. Forward-Looking StatementsThis news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law, including without limitation statements regarding the Offering, the Redemption and the EPIC Acquisition. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in PAA's Annual Report on Form 10-K, the registration statement as discussed herein and other documents filed from time to time with the SEC. PAA undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. About PlainsPAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles over 8 million barrels per day of crude oil and NGL. PAA is headquartered in Houston, Texas. Investor Relations Contacts:Blake FernandezMichael GladsteinplainsIR@plains.com(866) 809-1291
EQT Signs 20-Year Deal with NextDecade for 1.5 MTPA of LNG from Rio Grande LNG Train 5
EQT Signs 20-Year Deal with NextDecade for 1.5 MTPA of LNG from Rio Grande LNG Train 5 PITTSBURGH, Sept. 3, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) announced today that it has secured 1.5 million tonnes per annum (MTPA) of liquefaction capacity under a 20-year Sale and Purchase Agreement (SPA) with NextDecade Corporation (NextDecade) at Train 5 of the Rio Grande LNG export facility in Texas. The agreement will be on a free-on-board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision (FID) on Train 5. Toby Z. Rice, EQT President and Chief Executive Officer, commented: "The execution of this agreement represents continued momentum of EQT's LNG strategy, which is focused on further diversifying the company's end-market exposure into the rapidly growing global gas markets and accelerating long-term earnings growth. Consistent with our existing LNG deals, EQT will market and optimize its own cargos, providing structuring flexibility and downside protection. Our growing LNG exposure, combined with the unique attributes that have made EQT the supplier of choice for end users of natural gas domestically - our low-cost structure, unmatched scale and resource depth, investment grade balance sheet, and peer leading emissions profile - position the company to expand its market reach and become the supplier of choice for end users of natural gas worldwide. We believe the rapidly growing international market will increasingly covet EQT's gas supply to advance economic growth, while replicating America's leading emission reduction progress through the replacement of coal with clean-burning natural gas." Matt Schatzman, NextDecade Chairman and Chief Executive Officer, added: "We are pleased to have EQT, one of the largest producers of natural gas in the United States, as a customer of Rio Grande LNG Train 5. Liquefied natural gas exported from the United States will continue to play a critical role in enhancing the energy security of our allies around the world." About EQT Corporation EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors and communities and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day - trust, teamwork, heart and evolution are at the center of all we do. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the plans and expectations associated with EQT Corporation's (EQT) SPA with NextDecade for natural gas liquefaction capacity from the Rio Grande LNG facility, including the proposed timing of in-service of Train 5 at the Rio Grande LNG facility, the final scope, infrastructure, and available liquefaction capacity at such facility, and whether Train 5 will be completed at all - all of which could impact the volume of LNG EQT will receive as set forth in the SPA, if at all. The forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. EQT has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by EQT. While EQT considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond EQT's control. These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; EQT's ability to appropriately allocate capital and other resources among its strategic opportunities; access to and cost of capital; EQT's hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting, storing and processing natural gas, natural gas liquids and oil; operational risks and hazards incidental to the gathering, transmission and storage of natural gas as well as unforeseen interruptions; cyber security risks and acts of sabotage; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and pipe, sand and water required to execute EQT's exploration and development plans, including as a result of inflationary pressures or tariffs; risks associated with operating primarily in the Appalachian Basin; the ability to obtain environmental and other permits and the timing thereof; construction, business, economic, competitive, regulatory, judicial, environmental, political and legal uncertainties related to the development and construction by EQT or its joint ventures of pipeline and storage facilities and transmission assets and the optimization of such assets; EQT's ability to renew or replace expiring gathering, transmission or storage contracts at favorable rates, on a long-term basis or at all; risks relating to EQT's joint venture arrangements; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to EQT's business due to recently completed or pending divestitures, acquisitions and other significant strategic transactions. These and other risks and uncertainties are described under the "Risk Factors" section and elsewhere in EQT's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents EQT subsequently files from time to time with the Securities and Exchange Commission. In addition, EQT may be subject to currently unforeseen risks that may have a materially adverse impact on it. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, EQT does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise. EQT Corporation Contacts Investors Cameron HorwitzManaging Director, Investor Relations and StrategyCameron.Horwitz@eqt.com412-445-8454 Media Amy RogersHead of Strategic CommunicationsAmy.Rogers@eqt.com410-703-6968 View original content to download multimedia:https://www.prnewswire.com/news-releases/eqt-signs-20-year-deal-with-nextdecade-for-1-5-mtpa-of-lng-from-rio-grande-lng-train-5--302545515.html SOURCE EQT Corporation
NextDecade Announces 1.5 MTPA LNG Sale and Purchase Agreement with EQT from Rio Grande LNG Train 5
NextDecade Announces 1.5 MTPA LNG Sale and Purchase Agreement with EQT from Rio Grande LNG Train 5 HOUSTON, Sep. 03 /BusinessWire/ -- NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with EQT Corporation (NYSE:EQT) for offtake from Rio Grande LNG Train 5. EQT will purchase 1.5 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision (FID) on Train 5. "We have made great strides in the commercialization of Rio Grande LNG Train 5, and today we are announcing a long-term SPA with EQT, one of the largest producers of natural gas in the United States," said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. "The LNG we are selling from our project to EQT will play a critical role in enhancing the energy security of our allies around the world." NextDecade has also extended the price validity period under its lump-sum turnkey engineering, procurement, and construction (EPC) contract with Bechtel Energy Inc. for Train 5 until November 15, 2025. The total costs for Rio Grande LNG Train 5 and related infrastructure are expected to be approximately $6.7 billion1. NextDecade has now announced a total of 3.5 MTPA of LNG from Train 5 sold under 20-year LNG SPAs and is targeting an additional 1.0 MTPA sold under a long-term SPA to support a positive FID on Train 5. The Company expects to complete commercialization of Train 5 in the third quarter of 2025, and subject to obtaining adequate financing, NextDecade expects to achieve a positive FID on Train 5 in the fourth quarter of 2025, prior to expiry of the revised EPC price validity period. NextDecade also continues to expect to achieve a positive FID on Rio Grande LNG Train 4 by September 15, 2025, subject to obtaining adequate financing. 1.Includes estimated final EPC cost, owner's cost, contingencies, financing fees, interest during construction and a payment for Train 5's proportionate use of the common facilities at the Rio Grande LNG facility. About NextDecade Corporation NextDecade is committed to providing the world access to reliable, lower carbon energy. We are focused on delivering secure, low-cost, and sustainable energy solutions through the safe and efficient development and operation of natural gas liquefaction and carbon capture and storage infrastructure. Through our subsidiaries, we are developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, with approximately 48 MTPA of potential liquefaction capacity currently under construction or in development. We are also developing a potential carbon capture and storage project at the facility that is expected to make meaningful impacts toward a lower carbon future. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol "NEXT." NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words "anticipate," "contemplate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "might," "will," "would," "could," "should," "can have," "likely," "continue," "design," "assume," "budget," "guidance," "forecast," and "target," and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NextDecade's periodic reports that are filed with and available from the Securities and Exchange Commission. The taking of a final investment decision on Trains 4 and 5 at the Rio Grande LNG Facility is subject to, among other things, maintaining requisite governmental approvals, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure. Additionally, any development of additional expansion trains at the Rio Grande LNG Facility or CCS projects remains contingent upon receipt of requisite governmental approvals, execution of definitive commercial and financing agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20250902121219/en/ back
World Kinect Corporation to Acquire Universal Weather and Aviation's Trip Support Services Business
World Kinect Corporation to Acquire Universal Weather and Aviation's Trip Support Services Business MIAMI, Sep. 03 /BusinessWire/ -- World Kinect Corporation (NYSE:WKC) today announced that a wholly owned subsidiary of the company has signed a definitive agreement with Universal Weather and Aviation to acquire their Trip Support Services (TSS) division. The total purchase price is approximately $220 million, consisting of $160 million of cash payable at closing and $60 million payable over four years. Universal Weather, headquartered in Houston, Texas, is a pioneer in trip support services with deep expertise in international travel regulations, logistics, and supply chain management. It serves business and general aviation customers globally. "We're excited to announce the agreement to acquire Universal Weather's TSS division, which will significantly expand our trip support services business," said John P. Rau, Chief Operating Officer. "This strategic move complements our fuel business and enhances our ability to deliver comprehensive flight operations support-including flight planning, overflight permits, and ground support services-at more than 3,000 airports worldwide. We look forward to welcoming Universal's team and believe this acquisition will bring immediate value to our customers while positioning us for continued success." "This acquisition aligns with our disciplined approach to capital allocation and strengthens a core capability within our aviation segment," said Ira M. Birns, President and Chief Financial Officer. "This investment complements our ongoing commitment to shareholder returns through share repurchases and dividends, while also demonstrating our focus on strategically driving growth in our core business activities." The transaction is expected to be approximately 7% accretive to the company's adjusted earnings per share in the first year after closing, with further accretion expected over time as synergies are realized. The company expects to achieve approximately $15 million in annual net cost synergies by the end of the second year after closing, driven by operational efficiencies and integrated platforms. The transaction is subject to customary closing conditions and is expected to be completed within 60 to 90 days. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along with a broad suite of sustainability-related products and services. Information Relating to Forward-Looking Statements This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "project," "could," "would," "will," "will be," "will continue," "plan," or words or phrases of similar meaning. Specifically, this release includes forward-looking statements regarding the expected impact of the acquisition on our trip support business, earnings per share, and cost structure, as well as the timing for the closing of the acquisition. Our forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in our Securities and Exchange Commission ("SEC") filings, including our most recent Annual Report on Form 10-K filed with the SEC. Our actual results may differ materially from the future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from the results and events anticipated or implied by such forward-looking statements include, but are not limited to: the effects of tariffs and other trade restrictions, which can lead to continuing uncertainty and volatility in global financial and commodity markets, declining consumer confidence, lower personal and business travel and consequent demand for our fuel products; customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts; changes in the market prices of energy or commodities or extremely high or low fuel prices that continue for an extended period of time; adverse conditions in the industries in which our customers operate; our inability to effectively mitigate certain financial risks and other risks associated with derivatives and our physical fuel products; our ability to achieve the expected level of benefit from our restructuring activities and cost reduction initiatives; relationships with our employees and potential labor disputes associated with employees covered by collective bargaining agreements; our failure to comply with restrictions and covenants governing our outstanding indebtedness; the impact of cyber and other information technology or security related incidents on us, our customers or other parties; changes in the political, economic or regulatory environment generally and in the markets in which we operate, including as a result of geopolitical conflicts, including the current conflicts in Eastern Europe and the Middle East and the actions of the U.S. presidential administration; greenhouse gas reduction programs and other environmental and climate change legislation adopted by governments around the world, including cap and trade regimes, carbon taxes, increased efficiency standards and mandates for renewable energy, each of which could increase our operating and compliance costs as well as adversely impact our sales of fuel products; changes in credit terms extended to us from our suppliers; non-performance of suppliers on their sale commitments and customers on their purchase commitments; non-performance of third-party service providers; our ability to effectively integrate and derive benefits from acquired businesses; our ability to meet financial forecasts associated with our operating plan; lower than expected cash flows and revenues, which could impair our ability to realize the value of recorded intangible assets and goodwill; the availability of cash and sufficient liquidity to fund our working capital and strategic investment needs; currency exchange fluctuations; inflationary pressures and their impact on our customers or the global economy, including sudden or significant increases in interest rates or a global recession; our ability to effectively leverage technology and operating systems and realize the anticipated benefits; failure to meet fuel and other product specifications agreed with our customers; environmental and other risks associated with the storage, transportation and delivery of petroleum products; reputational harm from adverse publicity arising out of spills, environmental contamination or public perception about the impacts on climate change by us or other companies in our industry; risks associated with operating in high-risk locations, including supply disruptions, border closures and other logistical difficulties that arise when working in these areas; uninsured or underinsured losses; seasonal variability that adversely affects our revenues and operating results, as well as the impact of natural disasters, such as earthquakes, hurricanes and wildfires; declines in the value and liquidity of cash equivalents and investments; our ability to retain and attract senior management and other key employees; changes in U.S. or foreign tax laws, including changes resulting from the One Big Beautiful Bill Act, interpretations of such laws, changes in the mix of taxable income among different tax jurisdictions, or adverse results of tax audits, assessments, or disputes; our failure to generate sufficient future taxable income in jurisdictions with material deferred tax assets and net operating loss carryforwards; changes in multilateral conventions, treaties or other arrangements between or among sovereign nations; our ability to comply with U.S. and international laws and regulations, including those related to anti-corruption, economic sanction programs and environmental matters; the outcome of litigation, regulatory investigations and other legal matters, including the associated legal and other costs; and other risks described from time to time in our SEC filings. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events, or otherwise, except as required by law. For more information, visit www.world-kinect.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250903995964/en/ back
ONEOK to Participate in Investor Conference
ONEOK to Participate in Investor Conference TULSA, Okla., Sept. 2, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in an investor conference this week and in a fireside chat session at 2:25 p.m. Eastern Time (1:25 p.m. Central Time) on Wednesday, Sept. 3. The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. ONEOK's latest investor materials are available at www.oneok.com. At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. Analyst Contact: Megan Patterson 918-561-5325 Media Contact: Alicia Buffer 918-861-3749 View original content to download multimedia:https://www.prnewswire.com/news-releases/oneok-to-participate-in-investor-conference-302544030.html SOURCE Oneok, Inc.
Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin
Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today the launch of a non-binding open season for its proposed Forza Pipeline Project ("Forza Project"), a new interstate natural gas pipeline that will support increasing natural gas production in the Delaware Basin in Southeast New Mexico. The open season begins at 8:00 a.m. Central Standard Time September 2, 2025, and is scheduled to end at 5:00 p.m. Central Standard Time on October 2, 2025. The Forza Project consists of 36 miles of 36-inch diameter pipe, providing 750 dekatherms per day ("Dth/d") of primary firm transportation service from receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, and will connect new and existing gas processing facilities to in-basin demand and other demand markets. Pending shipper interest and necessary regulatory approvals, the project is scheduled for completion in mid-2028. Interested parties are invited to participate in the open season to secure firm transportation capacity on the Forza Project. More detailed information about the open season is available on the Natural Gas Pipelines page on Targa's website, at https://www.targaresources.com/natural-gas-pipelines. Pro forma agreements will be made available to prospective shippers upon execution of a confidentiality agreement. Inquiries about the Open Season or this notice should be directed to:JB SmithVice President, Commercial Gas PipelinesTarga Resources Corp.john.smith@targaresources.com214-420-4936 About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company's assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Targa is a FORTUNE 500 company and is included in the S&P 500. For more information, please visit the Company's website at www.targaresources.com. Targa Investor RelationsInvestorRelations@targaresources.com(713) 584-1133
Diamondback Energy, Inc. Announces the Sale of Its Equity Interest in Epic Crude Holdings, LP
Diamondback Energy, Inc. Announces the Sale of Its Equity Interest in Epic Crude Holdings, LP MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American Pipeline, L.P. and Plains GP Holdings (collectively "Plains") for approximately $500 million in net upfront cash and an additional $96 million contingent cash payment due should a capacity expansion of EPIC Crude be formally sanctioned before year-end 2027 ("Contingent Consideration"). The transaction terms imply an upfront valuation for 100% of EPIC Crude at $2.85 billion and $350 million for the Contingent Consideration. The transaction is expected to be completed by early 2026, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. "This is a great outcome for Diamondback, generating a meaningful return on our invested capital," stated Kaes Van't Hof, Chief Executive Officer and Director of Diamondback. "We look forward to maintaining our strong commercial relationship with the EPIC Crude and Plains teams as an anchor shipper on the EPIC Crude pipeline." AdvisorsAkin Gump Strauss Hauer & Feld LLP served as legal counsel to Diamondback. About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com. Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback's: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits of strategic transactions (including acquisitions and divestitures); and plans and objectives of management (including plans for future cash flow from operations and for executing environmental strategies) are forward-looking statements. When used in this news release, the words "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "model," "outlook," "plan," "positioned," "potential," "predict," "project," "seek," "should," "target," "will," "would," and similar expressions (including the negative of such terms) as they relate to Diamondback are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Diamondback believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Diamondback's control. Accordingly, forward-looking statements are not guarantees of future performance and Diamondback's actual outcomes could differ materially from what Diamondback has expressed in its forward-looking statements. Information concerning these risks and uncertainties and other factors can be found in Diamondback's filings with the Securities and Exchange Commission ("SEC"), including its reports on Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the SEC's web site at http://www.sec.gov. Diamondback undertakes no obligation to update or revise any forward-looking statement unless required by applicable law. Investor Contact:Adam Lawlis+1 432.221.7467alawlis@diamondbackenergy.com