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Devon Energy Schedules First-Quarter 2026 Earnings Release and Conference Call
Related Quotes Devon Energy Corporation 47.295 2.655 5.32% Enter Symbols: Devon Energy Schedules First-Quarter 2026 Earnings Release and Conference Call OKLAHOMA CITY, April 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2026 results on Tuesday, May 5, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2026 results will be available on the company's website at www.devonenergy.com. On Wednesday, May 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon's website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. Investor Contact investor.relations@dvn.com 405-228-4450Media ContactMichelle Hindmarch, 405-552-7460
COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS DATE AND CONFERENCE CALL INFORMATION
Related Quotes Comstock Resources Inc 19.32 0.03 0.15% Enter Symbols: COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS DATE AND CONFERENCE CALL INFORMATION FRISCO, TX, April 08, 2026 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its first quarter 2026 results on May 5, 2026 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 6, 2026 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BIfdab657d67b245688283195b41fda6fb. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call. ~~~ The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: https://edge.media-server.com/mmc/p/p77w7mi4. ~~~ A replay of the first quarter 2026 conference call will be available for twelve months beginning at 1:00 p.m. CT on May 6, 2026. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/p77w7mi4. About Comstock Resources: Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas. A slide show presentation on the financial results will be available on Comstock's website at www.comstockresources.com. Click on "Quarterly Results" to view the slide show.
Energy Security in a Shifting World: Why New Supply Frontiers Matter
Related Quotes BP P.L.C. 47.24 0.24 0.51% Chevron Corporation 201.54 2.68 1.35% Greenland Energy Company 7.21 0.70 8.85% Shell Plc American Depositary Shares EA 94.15 0.51 0.55% Exxon Mobil Corporation 163.91 0.54 0.33% Enter Symbols: Energy Security in a Shifting World: Why New Supply Frontiers Matter NEW YORK, April 08, 2026 (GLOBE NEWSWIRE) -- NetworkNewsWire Editorial Coverage: Rising geopolitical tensions and renewed disruptions to global shipping lanes, particularly around the Strait of Hormuz, are once again underscoring a hard truth for policymakers: Energy security remains deeply fragile. The United States and Europe, despite years of diversification efforts, continue to face exposure to supply shocks that can ripple across economies, industries and households. Against this backdrop, companies working to unlock new, politically stable energy resources are drawing increased attention. One such company is Greenland Energy Company (NASDAQ:GLND) (profile), which is advancing exploration in Greenland's Jameson Land Basin. With a potentially significant oil resource and plans to drill key wells, the company is positioning itself within a broader narrative: the urgent push toward greater energy independence for Western economies. With its focus on exploration and oil production, Greenland finds itself among an impressive group of companies focused on providing energy independence, including Exxon Mobile Corporation (NYSE:XOM), Shell PLC (NYSE:SHEL), Chevron Corp. (NYSE:CVX) and BP PLC (NYSE:BP). Greenland Energy Company's core asset lies in the Jameson Land Basin, a region that has long been recognized for its geological potential.Large-scale oil discoveries have historically reshaped regional and even global energy markets.One of the distinguishing features of Greenland Energy Company is its capital structure.Greenland Energy has emphasized its executive team's background in public markets and energy investing.The broader significance of Greenland Energy's project lies in its geopolitical positioning. Click here to view the custom infographic of the Greenland Energy editorial. Geopolitics Reinforces Urgency of Energy Independence Recent instability in the Middle East has renewed focus on the vulnerability of global energy supply chains. The Strait of Hormuz, through which roughly 20% of the world's oil consumption passes, remains one of the most critical chokepoints in global trade. Any disruption in this corridor has historically triggered volatility in oil prices and heightened geopolitical risk. The importance of reducing reliance on such chokepoints has been emphasized by policymakers across both the United States and Europe. The European Commission, for example, has repeatedly emphasized the need to diversify supply sources and strengthen domestic production capacity following recent energy crises. Similarly, U.S. policy discussions have increasingly focused on reshoring or near-shoring energy supply to reduce exposure to global instability. Data from the International Energy Agency (IEA) highlights that while diversification has improved, global oil markets remain interconnected, meaning disruptions anywhere can affect prices everywhere. This interconnectedness reinforces the strategic value of developing new, reliable sources of supply within politically stable regions. In this context, Greenland Energy Company's efforts to develop significant oil resources in Greenland represent part of a broader shift toward energy independence. By targeting large-scale reserves in a region aligned with Western interests, the company's activities align with the growing urgency to secure long-term, stable energy supplies. Unlocking the Potential of Jameson Basin Greenland Energy Company's core asset lies in the Jameson Land Basin, a region that has long been recognized for its geological potential. The basin is estimated to hold up to 13 billion barrels of oil potential, making it one of the more intriguing, underexplored basins worldwide. The scale of this potential is significant when viewed in a global context. For comparison, discoveries exceeding one billion barrels are typically classified as "giant" fields in the oil industry, underscoring how impactful a multi-billion-barrel basin could be if successfully developed. Geological studies conducted over decades have indicated the presence of favorable source rocks, reservoir structures and trapping mechanisms within the region. Recent corporate developments suggest that Greenland Energy is actively moving toward unlocking this potential. Last month, the company announced that it had secured drilling capacity through a strategic agreement, positioning it to advance exploration activities. This step is critical, as access to drilling infrastructure remains a key bottleneck in frontier exploration. Importantly, the company also indicated that after drilling two targeted wells, it will secure rights to 70% of the Jameson Land Basin (two million acres), reinforcing its exposure to the basin's full resource potential. If successful, this could represent a transformational asset with implications not only for the company, but also for broader energy supply dynamics. Scale Suggests Potential World-Class Discovery Large-scale oil discoveries have historically reshaped regional and even global energy markets. From the North Sea to offshore Brazil, major finds have altered supply balances, created new economic hubs and reduced reliance on traditional producing regions. The Jameson Land Basin is increasingly being evaluated through this same lens. Industry coverage has pointed to renewed interest in Greenland's hydrocarbon potential, including agreements tied to drilling and logistics partnerships. These fast-moving developments indicate that exploration momentum in the region is gaining traction with Greenland Energy drilling its first two wells this year. The classification of a "world-class" discovery typically depends on both scale and recoverability. While exploration risk remains inherent, the estimated size of the Jameson Land Basin places it within a category that, if validated through drilling, could rank among the more significant discoveries in recent decades. This is particularly relevant given the relative scarcity of large new onshore discoveries in stable jurisdictions. The global oil industry has faced a decline in major discoveries over the past decade, with analysis showing that annual discovered volumes have fallen sharply from early-2010s levels, while the International Energy Agency highlights the growing need for new discoveries to offset accelerating declines in existing fields. This trend has increased the strategic value of frontier basins that still hold large, untapped resources. In that context, Greenland Energy's exploration program is not just about one project; it represents participation in a broader search for the next generation of large-scale oil supply. The outcome of its drilling efforts could therefore carry implications well beyond the company itself. Clean Balance Sheet Supports Strategic Flexibility One of the distinguishing features of Greenland Energy Company is its capital structure. The company looks to have limited leverage based on its recent public filings, which could provide added flexibility as it advances a capital intensive exploration program. In an industry where exploration and development often require significant upfront investment, companies burdened with high debt levels can face constraints on operational flexibility. A debt-free structure allows management to allocate capital more strategically, particularly during early-stage exploration. Reports surrounding the company's market positioning indicate an enterprise value in the range of approximately $200 million to $220 million, with market capitalization late-March estimates around $300 million to $345 million, suggesting a valuation that may be modest relative to the scale of the resource it is targeting. This dynamic - large potential resource versus relatively small valuation - often attracts investor attention, especially in early-stage exploration plays. Additionally, access to strategic agreements, such as drilling capacity partnerships, indicates that the company is actively leveraging its financial position to move projects forward. The ability to secure such agreements without excessive leverage can be viewed as a positive signal in capital markets. Taken together, Greenland Energy's capital structure may provide it with the flexibility needed to advance exploration while preserving optionality for future development or partnerships. Leadership Experience Anchors Execution Strategy Leadership experience is often a critical factor in evaluating early-stage energy companies, particularly those operating in frontier regions. Greenland Energy has emphasized its executive team's background in public markets and energy investing. A notable development includes the appointment of Joe Moglia, former chairman of TD Ameritrade, to a leadership role within the company. Moglia's experience in capital markets and corporate governance may provide strategic guidance as the company navigates both operational and financial milestones. The company noted that Moglia will advise on long-term strategy for Arctic development, capital markets engagement and regulatory stewardship as Greenland Energy pursues opening up a new oil basin while citing environmental and governance priorities. The involvement of executives with experience in scaling public companies can be particularly important for exploration firms. As projects progress from exploration to potential development, companies must manage financial, regulatory and operational milestones. In addition to board-level expertise, the company's broader team is positioned within the oil and gas investment ecosystem. This can be advantageous when securing partnerships, raising capital or navigating industry dynamics. Ultimately, while geology determines the presence of resources, execution determines whether those resources are being successfully developed. Greenland Energy's leadership composition suggests an awareness of this balance and an effort to align expertise with opportunity. Strategic Importance for Western Energy Security The broader significance of Greenland Energy's project lies in its geopolitical positioning. Greenland, as an autonomous territory within the Kingdom of Denmark, is aligned with western political and economic systems. This makes it an attractive location for resource development compared to more geopolitically volatile regions. For the United States and Europe, securing energy supply from politically stable allies is a central component of long-term energy strategy. The European Union, for instance, has emphasized reducing reliance on external suppliers that may pose geopolitical risks. Greenland's geographic location also offers logistical advantages. Proximity to North America and Europe could facilitate integration into existing energy infrastructure, potentially reducing transportation risks associated with distant supply routes such as the Strait of Hormuz. From an investment perspective, Greenland Energy presents what some may view as a high-risk, high-reward opportunity tied directly to one of the most pressing global challenges: energy security. The combination of scale, location and timing positions the company within a narrative that extends beyond traditional exploration. As the company moves forward with its planned drilling program this year, the outcome will be closely watched. Success could not only redefine the company's trajectory but also contribute to a broader shift toward energy independence for Western economies, an objective that has rarely felt more urgent. Energy's Boldest Bets: The Frontier Rush The world's largest energy companies are aggressively pursuing frontier exploration, the pursuit of oil and gas in remote, technically challenging and largely untested regions. This signals a powerful conviction that the next great discovery is still out there. For emerging Arctic explorers, that conviction couldn't come at a better time. Exxon Mobile Corporation (NYSE:XOM) has a century-long Arctic presence and ongoing commitment to the North Slope. The company has explored throughout Alaska including Cook Inlet, the Alaska Peninsula, St. George Basin, Norton Sound, Navarin Basin, Yukon Flats, Beaufort Sea and the North Slope. ExxonMobil is one of the top three producers of oil and the largest holder of discovered gas resources on Alaska's North Slope. Shell PLC (NYSE:SHEL) has stated that exploration plays a key role at the front end of the company's intent to create more value with less emissions. That exploration is focused on performance, discipline, and simplification across the business. "Our exploration programme supports Shell's target to sustain material liquids production through 2030 and grow total production including gas by around 1% per year to 2030 across our combined Upstream and Integrated Gas businesses." Chevron Corp. (NYSE:CVX) has been awarded four offshore leases for Greece exploration blocks. The company, via its four Dutch subsidiaries and with HELLENiQ ENERGY, has signed lease agreements with the Hellenic Republic. "We look forward to working with our partners HELLENiQ ENERGY and the Hellenic Republic to evaluate the hydrocarbon potential of these frontier areas," said VP of exploration at Chevron Kevin Mclachlan. "With our expertise in developing oil and gas projects worldwide, Chevron has the resources, experience, and technology to advance and unlock new energy supplies in this frontier region." BP PLC (NYSE:BP) has announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, underscoring the company's push into frontier exploration. "We are excited to announce this significant discovery at Bumerangue, BP's largest in 25 years," said EVP of production and operations Gordon Birrell. According to the announcement, BP drilled an exploration well at the Bumerangue block, located in the Santos Basin, 404 kilometers from Rio de Janeiro, in a water depth of 2,372 meters; the well was drilled to a total depth of 5,855 meters. The company reports that in 2025 alone, it had 12 new discoveries, representative of the company's focus on exploration. The message from the world's leading energy companies is clear: Frontier exploration is back, and the stakes have never been higher. For those drilling in some of the Arctic's most promising and untested basins, the industry winds are blowing in the right direction. For more information, visit Greenland Energy Company. About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. 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Shell first quarter 2026 update note
Related Quotes Shell Plc American Depositary Shares EA 94.15 0.51 0.55% Enter Symbols: Shell first quarter 2026 update note The following is an update to the first quarter 2026 outlook and gives an overview of our current expectations for the first quarter. Outlooks presented may vary from the actual first quarter 2026 results and are subject to finalisation of those results, which are scheduled to be published on May 7, 2026. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure. In light of the ongoing situation in the Middle East, the outlook provided is subject to increased uncertainty. For details see the impact of the conflict in the Middle East on Shell's activities on shell.com. Integrated Gas $ billionsQ4'25 Q1'26 OutlookCommentProduction (kboe/d)948880 - 920Reflects the impact of the Middle East conflict on Qatari volumes.LNG liquefaction volumes (MT)7.87.6 - 8.0Reflects the ramp-up of LNG Canada, offset by Australia weather constraints and Qatar LNG outages.Underlying opex1.21.1 - 1.3 Pre-tax depreciation1.51.3 - 1.7 Taxation charge0.80.4 - 0.7 Other Considerations:Trading & Optimisation is expected to be in line with Q4'25. Note: Long-term LNG contracts usually have a pricing lag (e.g. JCC-3). Upstream $ billionsQ4'25Q1'26 OutlookCommentProduction (kboe/d)1,8921,760 - 1,860Includes reduced production following the Adura JV incorporation.Underlying opex2.42.0 - 2.4 Pre-tax depreciation2.72.4 - 3.0 Taxation charge1.71.6 - 2.4Reflects the Nigeria onshore and UK portfolio changes since Q1'25.Other Considerations:- Marketing $ billionsQ4'25Q1'26 OutlookCommentSales volumes (kb/d)2,7012,550 - 2,650 Underlying opex2.62.2 - 2.6 Pre-tax depreciation0.60.5 - 0.7 Taxation charge0.40.4 - 0.7 Other Considerations:Marketing adjusted earnings are expected to be significantly higher than Q1'25. Chemicals and Products $ billionsQ4'25Q1'26 OutlookCommentIndicative refining margin*$14/bbl$17/bbl Indicative chemicals margin*$140/tonne$139/tonneThe Chemicals sub-segment adjusted earnings are expected to be at a similar level as Q1'25. Refinery utilisation95%95% - 99% Chemicals utilisation76%81% - 85% Underlying opex2.21.7 - 2.1 Pre-tax depreciation0.90.8 - 1.0 Taxation charge / (credit)0.20.3 - 0.7 Other Considerations:Trading & Optimisation is expected to be significantly higher than Q4'25. *See appendix Renewables and Energy Solutions $ billionsQ4'25Q1'26 OutlookCommentAdjusted Earnings 0.10.2 - 0.7Trading & Optimisation is expected to be significantly higher than Q4'25. Corporate $ billionsQ4'25Q1'26 OutlookCommentAdjusted Earnings (0.6)(1.0) - (0.8) Shell Group $ billionsQ4'25Q1'26 OutlookCommentCFFO:Tax paid2.62.0 - 2.8 Financial Derivative Instruments movements(0.1)(1) - 4 Working capital 1.3(15) - (10)Reflects impact of unprecedented volatility in commodity prices on inventory and receivables.Other Shell Group Considerations:Non-cash net-debt expected to be impacted by $3-4 billion increase in variable components of long-term shipping leases in the current macro environment. Guidance The `Quarterly Databook' contains guidance on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities. Consensus The company compiled consensus, managed by Vara Research, is expected to be published on April 29, 2026. Appendix Indicative Margins Chemicals & ProductsQ4'25Q1'26 Updated OutlookIndicative refining margin$14/bbl$17/bblIndicative chemicals margin$140/tonne$139/tonne Volume Data Operational MetricsQ4'25Q1'26 QPR OutlookQ1'26 Updated OutlookIntegrated Gas Production (kboe/d)948920 - 980880 - 920LNG liquefaction volumes (MT)7.87.4 - 8.07.6 - 8.0Upstream Production (kboe/d)1,8921,700 - 1.9001,760 - 1,860Marketing Sales volumes (kb/d)2,7012,550 - 2,7502,550 - 2,650Chemicals & Products Refinery utilisation95%90% - 98%95% - 99%Chemicals utilisation76%79% - 87%81% - 85% Underlying Opex Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. For further details see the 4th Quarter 2025 and full year unaudited results. $ billionsQ4'25Q4'25 AdjustedQ1'26 Updated OutlookProduction and manufacturing expenses5.8 Selling, distribution and administrative expenses3.4 Research and development0.3 Operating Expenses (Opex)9.69.6 Less: Identified Items 0.1 Underlying Opex 9.4 of which: Integrated Gas1.21.21.1 - 1.3 Upstream2.52.42.0 - 2.4 Marketing2.72.62.2 - 2.6 Chemicals and Products2.22.21.7 - 2.1 Renewables and Energy Solutions0.60.6 Depreciation, depletion and amortisation $ billionsQ4'25Q4'25 AdjustedQ1'26 Updated OutlookDepreciation, Depletion & Amortisation6.66.6 Less: Identified Items 0.8 Pre-tax depreciation (as Adjusted) 5.8 of which: Integrated Gas1.51.51.3 - 1.7 Upstream2.92.72.4 - 3.0 Marketing0.90.60.5 - 0.7 Chemicals and Products1.10.90.8 - 1.0 Renewables and Energy Solutions0.30.1 Taxation Charge $ billionsQ4'25Q4'25 AdjustedQ1'26 Updated OutlookTaxation Charge2.72.7 Less: Identified Items and Cost of supplies adjustment (0.2) Taxation Charge (as Adjusted) 2.9 of which: Integrated Gas0.90.80.4 - 0.7 Upstream1.71.71.6 - 2.4 Marketing0.30.40.4 - 0.7 Chemicals and Products-0.20.3 - 0.7 Renewables and Energy Solutions0.10.1 Adjusted Earnings The "Adjusted Earnings" measure aims to facilitate a comparative understanding of Shell's financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell's financial results from period to period. This measure excludes earnings attributable to non-controlling interest. For further details see the 4th Quarter 2025 and full year unaudited results. $ billionsQ4'25Q4'25 AdjustedQ1'26 Updated OutlookIncome/(loss) attributable to Shell plc shareholders4.14.1 Add: Current cost of supplies adjustment attributable to Shell plc shareholders 0.3 Less: Identified items attributable to Shell plc shareholders 1.2 Adjusted Earnings 3.3 of which: Renewables and Energy Solutions(0.1)0.10.2 - 0.7 Corporate(0.6)(0.6)(1.0) - (0.8) Working Capital Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Enquiries Media International: +44 (0) 207 934 5550 Media U.S. and Canada: Contact form Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. The numbers presented in this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding.Forward-Looking statementsThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ``anticipate''; "aspire"; "aspiration"; ``believe''; "commit"; "commitment"; ``could''; "desire"; ``estimate''; ``expect''; ``goals''; ``intend''; ``may''; "milestones"; ``objectives''; ``outlook''; ``plan''; ``probably''; ``project''; ``risks''; "schedule"; ``seek''; ``should''; ``target''; "vision"; ``will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, April 8, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensityAlso, in this announcement we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions targetShell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI targets and our oil products ambition over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking Non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings, Cash flow from operating activities excluding working capital movements, Cash capital expenditure, Net debt and Underlying operating expense. Adjusted Earnings are measures used to evaluate Shell's performance in the period and over time.The "Adjusted Earnings" are measures which aim to facilitate a comparative understanding of Shell's financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. Adjusted Earnings is defined as income/(loss) attributable to shareholders adjusted for the current cost of supplies and excluding identified items. All items include the non-controlling interest component. Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period. Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Underlying operating expenses is a measure of Shell's cost management performance and aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. Underlying operating expenses comprises the following items from the Consolidated statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses and removes the effects of identified items such as redundancy and restructuring charges or reversals, provisions or reversals and others. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements.The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
Coterra Energy Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Coterra Energy Inc. - CTRA
Related Quotes Coterra Energy Inc 34.91 0.24 0.69% Devon Energy Corporation 49.95 0.30 0.60% Enter Symbols: Coterra Energy Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Coterra Energy Inc. - CTRA NEW YORK & NEW ORLEANS, Apr. 07 /BusinessWire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Coterra Energy Inc. (NYSE:CTRA) to Devon Energy Corporation (NYSE:DVN). Under the terms of the proposed transaction, shareholders of Coterra will receive 0.70 share of Devon common stock for each share of Coterra that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-ctra/ to learn more.To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedInView source version on businesswire.com: https://www.businesswire.com/news/home/20260407096404/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
Related Quotes Patterson-uti Energy Inc 9.895 1.335 11.89% Enter Symbols: Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESS Newswire / April 7, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 23, 2026, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2026.Participants can access the call by dialing (800) 715-9871 in North America or (646) 307-1963 if International and referencing Conference ID 5526772. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized bit solutions in the United States, Middle East and many other regions around the world. For more information, visit www.patenergy.com.Contact:Michael SabellaVice President, Investor Relations(281) 885-7589SOURCE: Patterson-UTI EnergyView the original press release on ACCESS Newswire
TETRA TECHNOLOGIES, INC. ANNOUNCES DATE FOR FIRST QUARTER 2026 EARNINGS CONFERENCE CALL
SPRING, Texas, April 7, 2026 /PRNewswire/ -- TETRA Technologies, Inc. (NYSE:TTI) will release First Quarter 2026 results after the market closes on April 29, 2026. Brady Murphy, President and CEO, and Matt Sanderson, CFO, will host a conference call to discuss the results and outlook on April 30, 2026, at 10:30am ET. CLICK HERE to pre-register and obtain your dial in number and passcode. A replay will be available for thirty days following the conference call.Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn. View original content to download multimedia:https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-date-for-first-quarter-2026-earnings-conference-call-302736312.htmlSOURCE TETRA Technologies, Inc.
Vermilion Energy Inc. Reports Strong Q1 2026 Production and Advances Portfolio Repositioning with Germany Strategic Acquisition, Award of New Land Concessions and Croatia SA-07 Divestment
CALGARY, AB, April 7, 2026 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) announces strong first quarter 2026 production, an asset acquisition and award of new land concessions in Germany, and the divestment of a non-producing asset in Croatia. Operations UpdateQ1 2026 production averaged approximately 125,000 boe/d, exceeding the top end of our quarterly guidance range of 122,000 to 124,000 boe/d. Production was comprised of approximately 59% Canadian gas, 13% European gas and 28% liquids. This strong production result is driven by outperformance in both the Deep Basin and Montney, robust production from the Osterheide well in Germany, and new Montney wells brought online sooner than anticipated, partially offset by lower volumes in Australia due to cyclone-related downtime.European gas production in Q1 2026 realized an average sales price of approximately $16/MMBtu, reflecting significantly higher day-ahead gas prices during March 2026 amid heightened geopolitical developments in the Middle East. We remain on track to bring on new production from the first Wisselshorst well in Germany by mid-year, spud the next Netherlands well in the second half of 2026, and spud follow-up Germany Wisselshorst wells on the Bommelsen license in early 2027.In Australia, production operations at Wandoo safely resumed in mid-March 2026 following downtime related to Cyclone Mitchell in February 2026. The facility was subsequently shut-in due to Cyclone Narelle in late March 2026. We are currently assessing the impact of this most recent event and expect to restore production in early Q2 2026. Average production in Australia during the quarter was approximately 1,000 bbl/d, and we exported approximately 300,000 barrels of oil in February 2026.Portfolio RepositioningIn March 2026, we signed agreements to acquire certain producing assets in Germany from BEB Erdgas und Erdöl GmbH & Co. KG ("BEB") and Mobil Erdgas-Erdöl GmbH ("MEEG") in Germany, which are currently producing approximately 1,000 boe/d of low decline production (85% natural gas) with an effective date of January 1, 2025.The acquisition increases Vermilion's European TTF-linked gas and Brent-linked oil production, enhances associated excess free cash flow(1), and provides strategic value through increased control over gathering infrastructure surrounding our Osterheide well. The assets are adjacent to our existing operations and offer future European natural gas development upside. The acquisition is expected to close in the second half of 2026.During Q1 2026, Vermilion successfully added three concessions in the North German Basin that offer potential upside for our deep gas exploration program. These new concessions are located adjacent to existing Vermilion acreage in Germany and double Vermilion's acreage in the country to well over 1 million net acres.Also in March 2026, we signed an agreement to divest our remaining 60% interest in the SA-07 block in Croatia for net proceeds of approximately €15MM ($24MM). The asset has no production. The proceeds will be primarily used for incremental debt reduction, with the transaction expected to close in the second half of 2026. We continue to produce and generate excess free cash flow from our SA-10 block (100% natural gas) in Croatia.Q1 Release Date and Conference Call and Webcast DetailsWe will provide additional details when we release our 2026 first quarter operating and condensed financial results on Wednesday, May 6, 2026, before the open of North American markets. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2026, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.Vermilion will discuss these results in a conference call and webcast presentation on Wednesday, May 6, 2026, at 8:00 AM MT (10:00 AM ET). To participate, call 1-888-510-2154 (Canada and US Toll Free) or 1-437-900-0527 (International and Toronto Area). A recording of the conference call will be available for replay by calling 1-888-660-6345 (Canada and US Toll Free) or 1-289-819-1450 (International and Toronto Area) and using conference replay entry code 81761# from May 6, 2026, at 12:00 PM MT to May 13, 2026, at 12:00 PM MT.To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4lXhj3k to receive an instant automated call back. You may also access the webcast at https://app.webinar.net/Z02K9Bq8g4m. The webcast link will be available on Vermilion's website at https://www.vermilionenergy.com/invest-with-us/events-presentations/ under Upcoming Events prior to the conference call. Participants who would like to submit questions ahead of time may do so by emailing investor_relations@vermilionenergy.com. Annual General MeetingVermilion will hold its Annual General Meeting on May 6, 2026 at 3:00 pm MT. Our Meeting will be held as a virtual only shareholder meeting with participation electronically as explained further in the Management Information Circular. As a reminder, proxies must be received by 3:00 pm MT on Monday, May 4, 2026.Shareholders can participate electronically at https://meetings.lumiconnect.com/400-593-993-161. Please see our Virtual Meeting Guide at https://www.vermilionenergy.com/wp-content/uploads/2026/03/Meeting-Guide.pdf for detailed instructions on how to access the meeting, vote on resolutions and submit questions. Guests may also view the event at https://meetings.lumiconnect.com/400-593-993-161 by registering as a guest. The live webcast link, webcast slides, and archive link will be available on Vermilion's website at https://www.vermilionenergy.com/invest-with-us/events-presentations.Please visit the Annual General Meeting page on our website under Invest with Us for complete details and links to all relevant documents ahead of the Meeting at https://www.vermilionenergy.com/annual-general-meeting.The Board of Directors of Vermilion recommends that Shareholdersvote FOR ALL proposed itemsVermilion encourages shareholders to read the meeting material, which have been filed on SEDAR+ (www.sedarplus.ca) and on the Company's website at www.vermilionenergy.com.(1) Excess free cash flow ("EFCF") is a non-GAAP financial measures most directly comparable to cash flows from operating activities. EFCF is calculated as fund flows from operations less drilling and development costs, exploration and evaluation costs, payments on lease obligations and asset retirement obligations settled. EFCF is used by management to determine the funding available to return to shareholders after costs attributable to normal business operations.About VermilionVermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality.Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET. View original content to download multimedia:https://www.prnewswire.com/news-releases/vermilion-energy-inc-reports-strong-q1-2026-production-and-advances-portfolio-repositioning-with-germany-strategic-acquisition-award-of-new-land-concessions-and-croatia-sa-07-divestment-302736236.htmlSOURCE Vermilion Energy Inc.
SM Energy Schedules First Quarter 2026 Conference Call for May 7, 2026
DENVER, April 7, 2026 /PRNewswire/ -- SM Energy Company (NYSE: SM) (the "Company") today announced that it plans to release first quarter 2026 financial and operating results after market close on May 6, 2026. The Company will hold a conference call to discuss results on May 7, 2026, at 8:00 a.m. MT (10:00 a.m. ET).To join the live conference call, register at: SM Energy 1Q 2026 Earnings Call Registration. Dial-in for domestic toll-free/international is 877-407-6050 / +1 201-689-8022.To access the live webcast and view the related earnings presentation, visit the Company's website at https://www.sm-energy.com/investors. The replay will also be available on the Company's website under the "Investor Relations" section.About SM EnergySM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the states of Colorado, New Mexico, 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.Investor Contacts: Megan Hays, mhays@sm-energy.com, 303-837-2425Meghan Dack, mdack@sm-energy.com, 303-837-2426 View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-schedules-first-quarter-2026-conference-call-for-may-7-2026-302736185.htmlSOURCE SM Energy Company
Excelerate Energy Announces First Quarter 2026 Earnings Conference Call Date
Related Quotes Excelerate Energy Inc Class A 33.34 0.18 0.54% Enter Symbols: Excelerate Energy Announces First Quarter 2026 Earnings Conference Call Date THE WOODLANDS, Texas, Apr. 07 /BusinessWire/ -- Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") will release its first quarter 2026 results on Wednesday, May 6, 2026, following the close of U.S. financial markets. The earnings release and presentation for the first quarter 2026 results will be available on the investor page of the Company's website at www.excelerateenergy.com. On Thursday, May 7, 2026, the Company's management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call. About Excelerate Energy: Excelerate Energy, Inc. is a U.S.-based LNG and power infrastructure company located in The Woodlands, Texas. Excelerate helps countries around the world enhance their energy security by providing reliable energy infrastructure and increasing access to global LNG markets. The Company delivers services along the LNG to power value chain, including floating regasification terminals, downstream infrastructure development, LNG supply, and power generation. Excelerate has a presence in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, Jamaica, Karachi, London, Rio de Janeiro, Singapore, Washington, D.C., and Wilhelmshaven. For more information, please visit www.excelerateenergy.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260407640204/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Borr Drilling Limited - Notice of Annual General Meeting
HAMILTON, Bermuda, April 7, 2026 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (the "Company") will be held on Wednesday, May 20, 2026. The Board of Directors has fixed the close of business on April 7, 2026, as the record date for determination of the shareholders entitled to receive notice of, attend and vote at the Annual General Meeting or any adjournment thereof. A copy of the Notice of the Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this press release. Associated information, including the Company's annual report on Form 20-F for the year ended December 31, 2025 (the "Annual Report"), can be found on the Company's website, www.borrdrilling.com.Shareholders may request a hard copy of the Annual Report, free of charge, by sending an email to ir@borrdrilling.com or by writing to Borr Drilling Limited, S. E. Pearman Building, 2nd Floor, 9 Par-la-Ville Road, Hamilton HM11, Bermuda.CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208This information was brought to you by Cision http://news.cision.comhttps://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---notice-of-annual-general-meeting,c4331689The following files are available for download:https://mb.cision.com/Public/16983/4331689/91032a92246a2b6c.pdfBorr Drilling AGM Notice 2026 View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited---notice-of-annual-general-meeting-302736221.htmlSOURCE Borr Drilling Limited
TEN Ltd. Announces Filing of Form 20-F with the SEC
Related Quotes Tsakos Energy Navigation Ltd Common Shar 38.70 2.01 4.94% Enter Symbols: TEN Ltd. Announces Filing of Form 20-F with the SEC ATHENS, Greece, April 07, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) ("TEN" or the "Company"), a leading diversified crude, product and LNG tanker operator, announced today that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission ("SEC"). The report is available on the Company's website under the Investor Relations - SEC Filings section. Alternatively, shareholders may also receive a hard copy of the Annual Report, free of charge, by contacting Capital Link using the contact information provided at the end of this press release. ABOUT TEN Ltd. Founded in 1993 and celebrating 33 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 83 vessels, including ten DP2 shuttle tankers, three VLCCs, five scrubber-fitted LR1 tankers and one LNG carrier under construction, consisting of a mix of crude tankers, product tankers and LNG carriers totaling approx. 11 million dwt. ABOUT FORWARD-LOOKING STATEMENTSExcept for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For further information, please contact: CompanyTsakos Energy Navigation Ltd.George SaroglouPresident & COO+30210 94 07 710gsaroglou@tenn.gr Investor Relations / MediaCapital Link, Inc.Nicolas Bornozis/ Markella Kara+212 661 7566ten@capitallink.com
Transaction in Own Shares
Related Quotes Shell Plc American Depositary Shares EA 93.62 0.02 0.02% Enter Symbols: Transaction in Own Shares Transaction in Own Shares 07 April 2026 o o o o o o o o o o o o o o o o Shell plc (the `Company') announces that on 07 April 2026 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of PurchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency07/04/2026394,93635.885035.430035.6347LSEGBP07/04/2026174,79335.860035.440035.6364Chi-X (CXE)GBP07/04/202660,87735.840035.430035.6157BATS (BXE)GBP07/04/2026365,22541.135040.605040.8309XAMSEUR07/04/2026228,02741.125040.665040.8326CBOE DXEEUR07/04/202655,88941.100040.665040.8517TQEXEUR These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 05 February 2026. In respect of this programme, Morgan Stanley & Co. International Plc will make trading decisions in relation to the securities independently of the Company for a period from 05 February 2026 up to and including 01 May 2026. The on-market limb will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company's general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ("EU MAR") and EU MAR as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time ("UK MAR") and the Commission Delegated Regulation (EU) 2016/1052 (the "EU MAR Delegated Regulation") and the EU MAR Delegated Regulation as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time. In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Morgan Stanley & Co. International Plc on behalf of the Company as a part of the buy-back programme is detailed below. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html Attachment Shell_PDF_2026-04-07
Sunoco LP and SunocoCorp LLC Announce First Quarter 2026 Earnings Release and Call Timing
Related Quotes Energy Transfer LP Common Units 18.91 0.21 1.10% Sunoco LP Common Units Representing Limi 63.88 2.44 3.68% Sunococorp Llc Common Units Representing 60.77 1.50 2.41% Enter Symbols: Sunoco LP and SunocoCorp LLC Announce First Quarter 2026 Earnings Release and Call Timing DALLAS, Apr. 07 /BusinessWire/ -- Sunoco LP (NYSE:SUN) and SunocoCorp LLC (NYSE:SUNC) announced that they will release their first quarter 2026 financial and operating results before the market opens on Tuesday, May 5, 2026. Management will hold a conference call that same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss results. By Webcast: The conference call will be broadcast live via an internet webcast, which can be accessed on Sunoco LP's website at http://www.sunocolp.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. About Sunoco Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE:ET). SunocoCorp LLC is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP. SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260407529139/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Energy Transfer Announces First Quarter 2026 Earnings Release and Earnings Call Timing
Related Quotes Energy Transfer LP Common Units 19.335 0.375 1.98% Sunoco LP Common Units Representing Limi 65.58 1.13 1.75% Sunococorp Llc Common Units Representing 62.08 0.83 1.35% Usa Compression Partners LP Common Units 27.5744 0.1144 0.42% Enter Symbols: Energy Transfer Announces First Quarter 2026 Earnings Release and Earnings Call Timing DALLAS, Apr. 07 /BusinessWire/ -- Energy Transfer LP (NYSE:ET) today announced that it plans to release earnings for the first quarter of 2026 on Tuesday, May 5, 2026, before the market opens. The company will also conduct a conference call on Tuesday, May 5, 2026 at 8:00 am Central Time/9:00 am Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at energytransfer.com. The call will also be available for replay on Energy Transfer's website for a limited time. Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with approximately 140,000 miles of pipeline and associated energy infrastructure. Energy Transfer's strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids ("NGL") and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns the general partner interests, the incentive distribution rights and approximately 28 million common units (representing 15% of the aggregate outstanding common units and Class D units) of Sunoco LP (NYSE:SUN), the managing member interests in SunocoCorp LLC (NYSE:SUNC), and the general partner interests and approximately 46 million common units (representing 32% of the outstanding common units) of USA Compression Partners, LP (NYSE:USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com. The information contained in this press release is available on our website at energytransfer.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260407472374/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
KNOT Offshore Partners LP Announces 1st Quarter 2026 Cash Distribution
Related Quotes Knot Offshore Partners LP Common Units R 10.25 0.03 0.29% Enter Symbols: KNOT Offshore Partners LP Announces 1st Quarter 2026 Cash Distribution ABERDEEN, Scotland, Apr. 07 /BusinessWire/ -- KNOT Offshore Partners LP (NYSE:KNOP) ("The Partnership") Distribution for 1Q 2026 The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2026, of US$ 0.05 per common unit. This cash distribution will be paid on May 14, 2026, to all unitholders of record as of the close of business on April 27, 2026. The Board has decided on this increase in distribution pending further steps in the coming months in its continual review of capital allocation. About KNOT Offshore Partners LP KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP's common units trade on the New York Stock Exchange under the symbol "KNOP". Forward looking statements This press release includes statements that may constitute forward-looking statements. 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. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. View source version on businesswire.com: https://www.businesswire.com/news/home/20260407689301/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Decisions of Ecopetrol's Board of Directors
BOGOTÁ, Colombia, April 7, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announces that its Board of Directors, at a meeting held on April 6, 2026, approved an unpaid leave of absence requested by the Company's President, Mr. Ricardo Roa Barragán. This unpaid leave of absence was authorized in accordance with Section 3 of Article 23 of the Company's Bylaws and the Decision-Making and Authorities Matrix. The unpaid leave of absence is set to start on May 28, 2026, and is expected to last for 30 calendar days. Additionally, the President requested to use his accrued and entitled vacation days. Mr. Roa's vacation period is scheduled from April 7, 2026, to May 27, 2026.The Board of Directors has appointed Mr. Juan Carlos Hurtado Parra as Acting President. Mr. Hurtado currently serves as Executive Vice President of Hydrocarbons and is the first alternate to the President, a role he has held since November 16, 2025.Mr. Hurtado previously served as Vice President of Exploration, Development, and Production at Ecopetrol and has held executive positions focused on resource management and coordination. He is an electrical engineer, holds a specialization in Project Evaluation and Development, and has a Master of Business Administration (MBA) in International Oil and Gas. He has 28 years of experience in the energy sector, including a long professional career at Ecopetrol and executive roles at Transportadora de Gas Internacional (TGI).Ecopetrol will continue to operate in accordance with its corporate strategy.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations OfficeEmail: investors@ecopetrol.com.co Head of Corporate Communications (Colombia) Marcela Ulloa Email: marcela.ulloa@ecopetrol.com.co View original content to download multimedia:https://www.prnewswire.com/news-releases/decisions-of-ecopetrols-board-of-directors-302735785.htmlSOURCE Ecopetrol S.A.
Prairie Operating Co. Announces Agreement to Further Extend Series F Anniversary Warrant Issuance Date
Related Quotes Prairie Operating CO 2.19 0.22 9.13% Enter Symbols: Prairie Operating Co. Announces Agreement to Further Extend Series F Anniversary Warrant Issuance Date HOUSTON, TX, April 07, 2026 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the "Company" or "Prairie"), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced that the holder of its Series F Convertible Preferred Stock has agreed to further extend the anniversary warrant issuance date from April 7, 2026 to April 9, 2026, while the parties continue to work together. The extension has been provided to allow the parties additional time to continue their discussions. There can be no assurance that these discussions will result in a definitive agreement or any other outcome. About Prairie Operating Co. Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company's assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com. Investor Relations Contact: Wobbe Ploegsmainfo@prairieopco.com832.274.3449 Cautionary Statement about Forward-Looking Statements The information included in this press release and in any oral statements made in connection herewith include "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. These forward-looking statements include, without limitation, statements regarding future financial performance, business strategies, expansion plans, future results of operations, estimated revenues, losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on our management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this Press release, words such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained herein are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks are not exhaustive. Other sections of this press release could include additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, and it is not possible for our management to predict all risk factors nor can we assess the effects of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in, or implied by, any forward-looking statements. Our SEC filings are available publicly on the SEC website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Accordingly, forward-looking statements in this press release should not be relied upon as representing our views as of any subsequent date, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. All forward-looking statements expressed or implied, included in this Press release are expressly qualified in their entirety by this cautionary statement.
North American Construction Group Closes Strategic Acquisition of Iron Mine Contracting, a Diversified Mining Services Contractor
Related Quotes North American Construction Group Ltd 19.285 0.025 0.13% North American Construction Group LTD. C 13.64 0.15 1.09% Enter Symbols: North American Construction Group Closes Strategic Acquisition of Iron Mine Contracting, a Diversified Mining Services Contractor ACHESON, Alberta, April 07, 2026 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ("NACG" or the "Company") (TSX:NOA) today announced the closing of its acquisition of Iron Mine Contracting ("IMC"), with a closing date of April 7, 2026 and an economic effective date of January 1, 2026 (the "Transaction"). Total expected consideration is approximately $125 million (the "Consideration"), with the final Consideration amount to be determined based on IMC's financial statements as of December 31, 2025, which will be reflected in the Company's financial statements for the quarter ended June 30, 2026. IMC provides NACG with an established operating platform in Western Australia, including a diversified, blue-chip customer base and exposure to gold, iron ore and lithium, further aligning the Company with structural demand tied to rare earth and critical minerals. The combination of IMC with NACG's existing MacKellar operations is expected to enhance scale and deepen local expertise while establishing a Tier 1 platform in the overall Australian market. Since the Transaction was announced on December 18, 2025, IMC has progressed well in its growth plans with increasing scopes at key mine sites. Notably, scopes commenced as expected late in the first quarter of 2026 at a gold-copper mine in the Pilbara region. Amended Credit Facility and Prudent Transaction Funding StructureConcurrent with closing the Transaction, the Company amended its senior secured credit facility (the "Credit Facility") with direct lending capacity of $535 million provided by Canadian dollar and Australian dollar tranches. The facility also permits incurrence of $500 million of secured equipment financing from third party providers resulting in total senior secured capacity of over $1.0 billion. For reference, continued access to the bond market further enhances liquidity capacity. As part of the amendment, the maturity date of the Credit Facility was further extended to April 7, 2029. The Credit Facility remains comprised of a revolver with no scheduled repayments. Financial covenants are consistent with the previous agreement and are tested quarterly on a trailing four-quarter basis. Cash funding for the upfront payment of $41.5 million was provided by draws from the Credit Facility. Equipment financing of approximately $45 million was assumed at closing with remaining Consideration, approximately one-third of the total, being provided by earn-out and deferred payment mechanisms payable to the sellers over four years based on performance of the business. National Bank Capital Markets is acting as financial advisor to NACG on this Transaction. Fasken Martineau DuMoulin LLP is acting as Canadian legal advisor and MinterEllison is acting as Australian legal advisor to NACG. About Iron Mine ContractingIMC is a diversified mining services contractor headquartered in Western Australia offering a full suite of services, including contract mining and civil construction services to a blue-chip customer base. IMC operations span key commodity sectors such as gold, iron ore and lithium and are backed by an established safety track record. For more information, please refer to the IMC website at www.imcpl.com.au. About the CompanyNorth American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets. For further information contact:Jason Veenstra, CPA, CAChief Financial OfficerNorth American Construction Group Ltd.(780) 960-7171IR@nacg.cawww.nacg.ca Forward-Looking InformationThe information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "anticipate", "believe", "estimate", "expect", "intend", "plan," "potential", "should", "target", "will", "may" or the negative of those terms or other variations of them or comparable terminology. Forward-looking information in this includes, but is not limited to, statements with respect to: the expected proforma contractual backlog; the estimated Consideration; the Transaction being accretive and expected accretion on incremental earnings per share; sustaining capital on a combined company basis and the incremental impact of IMC on such figure; free cash flow on a combined company basis and the incremental impact of IMC on such figure; and expected growth in NACG's exposure to rare earth and critical minerals and its recognition as a Tier 1 contractor in Australia; the anticipated financial performance for the full year 2026, including projections for combined revenue, adjusted EBITDA, adjusted earnings per share, sustaining capital spending, free cash flow, and growth capital spending. The material factors or assumptions used to develop the above forward-looking statements and the risks and uncertainties to which such forward-looking statements are subject, are highlighted in the Management Discussion and Analysis for the three months and year ended December 31, 2025 ("MD&A"). There can be no assurance that the forward-looking information will prove to be accurate. Actual results could differ materially from those contemplated by the forward-looking information including: general market performance including capital market conditions and availability and cost of credit; foreign currency and exchange risk; performance of the market sectors that the Company and the IMC serve; impact of factors such as increased pricing pressure and possible margin compression; the regulatory and tax environment; the ability of the Company to execute its financing plans in connection with the Transaction; unanticipated difficulties or expenditures relating to the Transaction; the response of the Company's and IMC's business partners, customers and suppliers to the announcement of the Transaction; the impact of competitive responses to the announcement of the Transaction; the diversion of management time on Transaction-related issues; risks associated with greater than anticipated tax liabilities or expenses; the prompt and effective integration of IMC; the ability to achieve the anticipated synergies and value creation-contemplated by Transaction within the expected timeframe or at all; that one or more customers, or other persons with which IMC has contracted, experience insolvency or bankruptcy with resulting delays, costs or losses; political, labour or supplier disruptions; imposition of new duties, tariffs or other legal barriers that impact the IMC's markets; that growth in markets the IMC serves is less than expected; risks relating to legal proceedings to which the Company or the IMC is or may become a party; and other risks detailed from time to time in the Company's filings with the Canadian securities regulators. Actual results could differ materially from those contemplated by such forward-looking statements because of any number of factors and uncertainties, many of which are beyond NACG's control. Undue reliance should not be placed upon forward-looking statements and NACG undertakes no obligation, other than those required by applicable law, to update or revise those statements. For more complete information about NACG, please read our disclosure documents filed with the SEC and the CSA. These free documents can be obtained by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedarplus.com.
Pembina Business Update Highlights Strategic Focus and Growth Outlook
Related Quotes Pembina Pipeline Corp Ordinary Shares 44.43 0.19 0.43% Ppl Corporation 38.72 0.08 0.21% Pembina Pipeline Corporation 61.80 0.27 0.43% Enter Symbols: Pembina Business Update Highlights Strategic Focus and Growth Outlook This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including fee-based adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") per share. For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta, Apr. 07 /BusinessWire/ -- Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE:PBA) will hold a webcast and conference call on Tuesday, April 7, 2026, at 8:00 a.m. MT (10:00 a.m. ET). During the call, Pembina's officer team will present a business update that reaffirms the Company's longstanding commitment to disciplined execution; outlines the 3Cs Strategy - Capture, Connect, and Catalyze; and provides a financial outlook to the end of the decade, including 5-7 percent compound annual fee-based adjusted EBITDA per share growth through 2030. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260407573776/en/ Foundation Built on Execution: Doing What We Say Over more than 70 years as a leading North American energy infrastructure company, Pembina has built trust with customers, communities, employees and investors by consistently delivering on its commitments. This track record is highlighted by strong execution against financial targets, placing billions of dollars of capital projects into service on time and on or under budget, and adhering to disciplined financial guardrails. Pembina has consistently operated within its leverage targets, maintained its investment grade credit rating, and delivered a reliable, growing dividend without interruption. This execution discipline continues to guide Pembina's approach to project development, capital allocation, and risk management. The 3Cs Strategy: Capture, Connect and Catalyze Pembina's strategy is underpinned by energy fundamentals and the advantages of its differentiated platform. The Company is poised to benefit from growing global energy demand, increasing strategic relevance of Canadian energy, and emerging demand drivers such as LNG, petrochemicals, and data centre power demand. The advantages of Pembina's integration, scale, superior market access, entrepreneurial approach, and track record of execution uniquely position it to further strengthen and extend its unmatched, industry-leading value chain. Pembina's strategy includes three priorities: Capture - Growing and strengthening Pembina's core franchise in premier resource plays through expansions of pipeline, gas processing, and fractionation capacity aligned with customer demand and basin fundamentals. Connect - Providing pathways for commodities to reach higher value domestic and global markets through expanded egress, including LNG and LPG exports, and infrastructure that improves market access from constrained basins. Catalyze - Developing new demand platforms in the markets where Pembina operates, including gas-to-power solutions for data centres, supply for petrochemicals, and other initiatives that create incremental demand for products and services across Pembina's business. Visible Growth Through 2030 and Beyond Supported by its strategy and operational and financial excellence, Pembina is committed to delivering 5-7 percent compound annual fee-based adjusted EBITDA per share growth through 2030. This outlook is underpinned by higher utilization across existing assets, contributions from sanctioned projects entering service, and a portfolio of development opportunities designed to extend the franchise. Beyond 2030, Pembina's growth ambitions include continued investments in the core business to respond to volume growth and customer demand, as well as additional investments in LNG, LPG, gas-to-power, and emissions reductions infrastructure. Pembina is moving forward from a position of strength, with a differentiated asset base, visible growth runway, and a proven operating and financial framework. The Company remains focused on executing its strategy with discipline, maintaining strong financial guardrails, and creating long-term value for shareholders. A live webcast of the conference call can be accessed on Pembina's website at Pembina - Presentations & Events or using the following online link: https://events.q4inc.com/attendee/792471380. A copy of the presentation will be available prior to the call, and an archive of the webcast will be available following the call, on Pembina's website at www.pembina.com. 2026 Frac Spread Hedging Update Pembina has ratably entered into incremental hedges for 2026 to capture recent commodity price movements. Currently, approximately 65 percent of Pembina's 2026 frac spread exposure has been hedged. On a quarterly basis, Pembina has hedged approximately 40 percent in the first and fourth quarters and approximately 90 percent in the second and third quarters. The weighted average price of Pembina's current frac spread hedges, excluding transportation and processing costs, is approximately C$35.40 per barrel. About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com. Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com. Forward-Looking Information and Statements This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "project", "plan", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements, including certain financial outlooks, pertaining to, without limitation, the following: Pembina's strategy and the development and expected timing of new business initiatives and growth opportunities and the impact thereof; statements regarding Pembina's financial and operational performance; expectations regarding the future performance of the Company's assets and factors impacting the Company's future financial and operational performance; expectations about future demand for Pembina's infrastructure and services and the drivers thereof; Pembina's growth outlook to 2030 and beyond; and expectations and outlooks regarding fee-based adjusted EBITDA per share growth. The forward-looking statements are based on certain factors and assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates, exchange rates and inflation rates; the ability of Pembina to maintain current credit ratings; the availability and cost of capital to fund future capital requirements relating to existing assets, projects and the repayment or refinancing of existing debt as it becomes due; future operating costs; geotechnical and integrity costs; that any third-party projects relating to Pembina's growth projects will be sanctioned and completed as expected; assumptions with respect to our intention to complete share repurchases, including the funding thereof, existing and future market conditions, including with respect to Pembina's common share trading price, and compliance with respect to applicable securities laws and regulations and stock exchange policies; that any required commercial agreements can be reached in the manner and on the terms expected by Pembina; that all required regulatory and environmental approvals can be obtained on acceptable terms and in a timely manner; that counterparties will comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts or the completion of the relevant projects; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; the amount of future liabilities relating to lawsuits and environmental incidents; and the availability of coverage under Pembina's insurance policies (including in respect of Pembina's business interruption insurance policy). Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions, including the outcome of regulatory hearings, and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; reliance on key relationships, joint venture partners and agreements; labour and material shortages; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by contractual counterparties; actions by governmental or regulatory authorities, including changes in laws and treatment, changes in royalty rates, regulatory decisions, changes in regulatory processes or increased environmental regulation; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; Pembina's ability to realize the anticipated benefits of recent acquisitions; fluctuations in operating results; adverse general economic and market conditions, including potential recessions in Canada, North America and worldwide resulting in changes, or prolonged weaknesses, as applicable, in interest rates, foreign currency exchange rates, inflation, commodity prices, supply/demand trends and overall industry activity levels; new Canadian and/or U.S. trade policies or barriers, including the imposition of new tariffs, duties or other trade restrictions; constraints on the, or the unavailability of, adequate supplies, infrastructure or labour; the political environment in North America and elsewhere, including changes in trade relations between Canada and the U.S., and public opinion thereon; the ability to access various sources of debt and equity capital; adverse changes in credit ratings; counterparty credit risk; technology and cyber security risks; natural catastrophes; and certain other risks detailed in Pembina's Annual Information Form and Management's Discussion and Analysis, each dated February 26, 2026 for the year ended December 31, 2025 and from time to time in Pembina's public disclosure documents available at www.sedarplus.ca, www.sec.gov and through Pembina's website at www.pembina.com. This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected by forward-looking statements contained herein. The forward-looking statements contained in this news release speak only as of the date of this news release. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. Management approved the fee-based adjusted EBITDA per share outlook herein as of the date of this news release. The purpose of such financial outlook is to assist readers in understanding Pembina's expected and targeted financial results, and such information may not be appropriate for other purposes. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Non-GAAP and Other Financial Measures Throughout this news release, Pembina has disclosed certain financial measures and ratios that are not specified, defined or determined in accordance with GAAP and which are not disclosed in Pembina's financial statements. Non-GAAP financial measures either exclude an amount that is included in, or include an amount that is excluded from, the composition of the most directly comparable financial measure specified, defined and determined in accordance with GAAP. Non-GAAP ratios are financial measures that are in the form of a ratio, fraction, percentage or similar representation that has a non-GAAP financial measure as one or more of its components. These non-GAAP financial measures and non-GAAP ratios, together with financial measures and ratios specified, defined and determined in accordance with GAAP, are used by management to evaluate the performance and cash flows of Pembina and its businesses and to provide additional useful information respecting Pembina's financial performance and cash flows to investors and analysts. In this news release, Pembina has disclosed the following non-GAAP ratio: fee-based adjusted EBITDA per share. The non-GAAP financial measure that is used as a component of this non-GAAP ratio is fee-based adjusted EBITDA. The non-GAAP financial measure that is used as a component of this non-GAAP ratio is fee-based adjusted EBITDA, which has earnings as its most directly comparable financial measure specified, defined, and determined in accordance with GAAP. The non-GAAP financial measures and non-GAAP ratios disclosed in this news release do not have any standardized meaning under International Financial Reporting Standards ("IFRS") and may not be comparable to similar financial measures or ratios disclosed by other issuers. Such financial measures and ratios should not, therefore, be considered in isolation or as a substitute for, or superior to, measures and ratios of Pembina's financial performance, or cash flows specified, defined or determined in accordance with IFRS, including earnings, cash flow from operating activities and cash flow from operating activities per share. Except as otherwise described herein, these non-GAAP financial measures and non-GAAP ratios are calculated on a consistent basis from period to period. Specific reconciling items may only be relevant in certain periods. Additional information relating to such non-GAAP financial measures and non-GAAP ratios, including disclosure of the composition of each non-GAAP financial measure and non-GAAP ratio, an explanation of how each non-GAAP financial measure and non-GAAP ratio provides useful information to investors and the additional purposes, if any, for which management uses each non-GAAP financial measure and non-GAAP ratio; an explanation of the reason for any change in the label or composition of each non-GAAP financial measure and non-GAAP ratio from what was previously disclosed; and a description of any significant difference between forward-looking non-GAAP financial measures and the equivalent historical non-GAAP financial measures, is contained in the "Non-GAAP & Other Financial Measures" section of the management's discussion and analysis of Pembina dated February 26, 2026 for the year ended December 31, 2025 (the "MD&A"), which information is incorporated by reference in this news release. The MD&A is available on SEDAR+ at www.sedarplus.ca, EDGAR at www.sec.gov and Pembina's website at www.pembina.com. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization Adjusted EBITDA is a non-GAAP financial measure and is calculated as earnings before net finance costs, income taxes, depreciation and amortization (included in operations and general and administrative expense) and unrealized gains or losses on commodity-related derivative financial instruments. The exclusion of unrealized gains or losses on commodity-related derivative financial instruments eliminates the non-cash impact of such gains or losses. Adjusted EBITDA also includes adjustments to earnings for losses (gains) on disposal of assets, transaction costs incurred in respect of acquisitions, dispositions and restructuring, impairment charges or reversals in respect of goodwill, intangible assets, investments in equity accounted investees and property, plant and equipment, certain non-cash provisions and other amounts not reflective of ongoing operations. In addition, Pembina's proportionate share of results from investments in equity accounted investees with a preferred interest is presented in adjusted EBITDA as a 50 percent common interest. These additional adjustments are made to exclude various non-cash and other items that are not reflective of ongoing operations. The most directly comparable GAAP measure is earnings (loss) before income tax. Management believes that adjusted EBITDA provides useful information to investors as it is an important indicator of an issuer's ability to generate liquidity through cash flow from operating activities and equity accounted investees. Management also believes that adjusted EBITDA provides an indicator of operating income generated from capital invested, which includes operational finance income from lessor lease arrangements. Adjusted EBITDA is also used by investors and analysts for assessing financial performance and for the purpose of valuing an issuer, including calculating financial and leverage ratios. Management utilizes adjusted EBITDA to set objectives and as a key performance indicator of the Company's success. Pembina presents adjusted EBITDA as management believes it is a measure frequently used by analysts, investors and other stakeholders in evaluating the Company's financial performance. ($ millions, except as noted) Year Ended December 31, 2024 Year Ended December 31, 2025 Earnings (loss) 1,874 1,694 Income tax (recovery) expense (154) 513 Adjustments to share of profit from equity accounted investees and other 516 535 Net finance costs 561 602 Depreciation and amortization 862 987 Unrealized (gain) loss from derivative instruments 170 37 Non-controlling interest (12) - Restructuring costs - 15 Transaction and integration costs incurred in respect of acquisitions 25 5 Loss on Alliance/Aux Sable Acquisition 616 - (Gain) loss on disposal of assets (21) (113) Derecognition of insurance contract provision (34) - Impairment charges (reversals) and non-cash provisions 5 14 Adjusted EBITDA 4,408 4,289 Adjusted EBITDA From Equity Accounted Investees In accordance with IFRS, Pembina's jointly controlled investments are accounted for using equity accounting. Under equity accounting, the assets and liabilities of the investment are presented net in a single line item in the Consolidated Statement of Financial Position, "Investments in Equity Accounted Investees". Net earnings from investments in equity accounted investees are recognized in a single line item in the Consolidated Statement of Earnings and Comprehensive Income "Share of Profit from Equity Accounted Investees". The adjustments made to earnings, in adjusted EBITDA above, are also made to share of profit from investments in equity accounted investees. Cash contributions and distributions from investments in equity accounted investees represent Pembina's share paid and received in the period to and from the investments in equity accounted investees. To assist in understanding and evaluating the performance of these investments, Pembina is supplementing the IFRS disclosure with non-GAAP proportionate consolidation of Pembina's interest in the investments in equity accounted investees. The most directly comparable GAAP measure is share of profit (loss) from equity accounted investees - operations. Pembina's proportionate interest in equity accounted investees has been included in adjusted EBITDA, described above. ($ millions, except as noted) Year Ended December 31, 2024 Year Ended December 31, 2025 Pipelines Facilities Marketing and New Ventures Total Pipelines Facilities Marketing and New Ventures Total Share of profit (loss) from equity accounted investees - operations 42 231 55 328 1 134 74 209 Net finance costs 7 175 (23) 159 1 113 (16) 98 Income tax expense - 73 - 73 - 46 - 46 Depreciation and amortization 39 221 7 267 2 254 - 256 Unrealized loss on commodity-related derivative financial instruments - 2 - 2 - 4 - 4 Transaction costs incurred in respect of acquisitions and other non-cash provisions - 15 - 15 - 2 - 2 Impairment expense - - - - - 193 - 193 Gain on disposal of assets - - - - - (2) (62) (64) Total adjustments to share of profit from equity accounted investees 46 486 (16) 516 3 610 (78) 535 Adjusted EBITDA from equity accounted investees 88 717 39 844 4 744 (4) 744 Fee-Based Contribution to Adjusted EBITDA Fee-based contribution to adjusted EBITDA is a non-GAAP measure defined as the portion of adjusted EBITDA derived from the fee-based, non commodity exposed, parts of Pembina's business and excludes adjusted EBITDA attributable to the Corporate segment and the Marketing & New Ventures Division. The most directly comparable GAAP measure is earnings (loss) before income tax. ($ millions, except as noted) Year Ended December 31, 2025 Adjusted EBITDA 4,289 Adjusted EBITDA - Marketing & New Ventures (499) Fee-Based Contribution to Adjusted EBITDA 3,790 View source version on businesswire.com: https://www.businesswire.com/news/home/20260407573776/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.