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Smackover Lithium Files Definitive Feasibility Study for Its South West Arkansas Project, North America's Highest-Grade Reported Lithium Brine Reserve
Smackover Lithium Files Definitive Feasibility Study for Its South West Arkansas Project, North America's Highest-Grade Reported Lithium Brine Reserve LEWISVILLE, Ark., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Smackover Lithium, a 55:45 owned Joint Venture ("JV") between Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV: SLI) (NYSE.A: SLI) and Equinor ("Equinor"), announced today that the Definitive Feasibility Study ("DFS" or the "Report") for its South West Arkansas ("SWA") project (the "Project" or "SWA Project") has been filed. All figures are in US dollars unless otherwise stated. All terms not otherwise defined have the meaning given to them under the CIM Definition Standards for mineral resources and mineral reserves. The DFS contemplates production capacity of 22,500 tonnes per annum of battery-quality lithium carbonate over a 20-year modeled operating life, producing 447,000 tonnes (Proven Reserves) of lithium carbonate equivalent ("LCE"), or 38% of the in-situ Measured and Indicated Resources of 1,177,000 tonnes LCE. The Project will begin production at an average lithium concentration of 549 mg/L, and will process 0.50 km3 of brine over its modelled 20-year life at an average lithium concentration of 442 mg/L. The Report is highlighted by a 20.2% unlevered pre-tax internal rate of return ("IRR"), with competitive average cash operating costs of $4,516/t and all-in costs of $5,924/t over the operating life, and an all-in Class III capex estimate of $1.45 billion, which includes a 12.3% Monte Carlo risked contingency. The Project maintains strong support from the local community, the state of Arkansas and the U.S. government. The Project would mark the first commercial Direct Lithium Extraction ("DLE") operation in the United States and the first lithium production in the Smackover Formation. It is intended as the first of several projects to be developed by the JV throughout the Smackover Formation, and it is envisaged that the major design decisions and learnings from this first greenfield facility will form the basis for future expansion phases or projects, including in East Texas. The development schedule for the Project is estimated at 34 months from start of construction to the commercial operation date. The principal recommendation from the DFS is that the Project is ready to progress to a final investment decision ("FID"). Construction is expected to commence in 2026 shortly after FID, with first production targeted in 2028. The Report is available for review under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.standardlithium.com/projects/arkansas-smackover. For highlights of this Report, please refer to the Company's press release dated 3 September 2025. Qualified Person All scientific and technical disclosure in this news release was reviewed and approved by Mr. Stephen Ross, P.Geo., British Columbia, Vice President of Resource Development for Standard Lithium and a Qualified Person for purposes of, and as that term is defined in, National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Ross is not independent of the Company. About Smackover Lithium Smackover Lithium is a joint venture between Standard Lithium and Equinor. Formed in May 2024, Smackover Lithium is developing two DLE projects in Southwest Arkansas and East Texas (the "JV Projects"). Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the two JV Projects, with Standard Lithium maintaining operatorship. About Standard Lithium Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company's flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the SWA Project, a greenfield project located in southern Arkansas, and actively advancing a promising lithium brine resource position in East Texas. Standard Lithium trades on both the TSX Venture Exchange (the "TSXV") and the NYSE American under the symbol "SLI". Please visit the Company's website at www.standardlithium.com. About Equinor Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor's portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor's partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects. For more information on Equinor in the US, please visit: Equinor in the US - Equinor. Investor InquiriesDaniel Rosen+1 604 409 8154investors@standardlithium.com Media Inquiriesmedia@standardlithium.com Use of Non-GAAP Measures Certain financial measures referred to in this news release are not measures recognized under International Financial Reporting Standards ("IFRS") and are referred to as non-GAAP financial measures or ratios. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. The definitions established and calculations performed by Smackover Lithium are based on management's reasonable judgement and are consistently applied. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. The non-GAAP financial measures used in this news release are common to the mining industry. All-in operating cost per tonne is a non-GAAP financial measure or ratio and has no standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures used by other issuers. As the SWA Project is not in production, the Company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "could", "should", "schedule", "predict", "budget", "project", "potential" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the cost and timing of any development of SWA, mining recoveries, processing method and rates, production rates, capital and operating cost estimates, the projected life of mine and other expected attributes of SWA, the IRR, regulatory or government requirements or approvals the use of non-GAAP measures in financial performance assessments, changes in exploration costs and government regulation in Canada and the United States, future expansion phases and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Cenovus Energy acquires 8.5% of MEG Energy common shares
Cenovus Energy acquires 8.5% of MEG Energy common shares CALGARY, Alberta, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an aggregate of 21,723,540 common shares of MEG Energy Corp. ("MEG") through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over an aggregate of MEG common shares representing 8.5% of the 254,378,035 MEG common shares issued and outstanding, all of which have been acquired by Cenovus since Oct. 8, 2025. The MEG common shares were acquired by Cenovus in furtherance of its previously announced transaction with MEG. To the extent Cenovus is able, the company intends to vote any acquired shares in favour of the transaction. Cenovus may, from time to time, dependent on market or other conditions, and subject to applicable securities laws, either increase or decrease its beneficial ownership in the MEG common shares. This news release is disseminated in accordance with section 5.4 of National Instrument 62-104 Take-Over Bids and Issuer Bids. Advisory Forwardâlooking InformationThis news release contains certain forwardâlooking statements and forwardâlooking information (collectively referred to as "forwardâlooking information") within the meaning of applicable securities legislation. Although Cenovus believes that the expectations represented by such forwardâlooking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forwardâlooking information in this document is identified by words such as "intends" and "may" and includes, but is not limited to, statements regarding: Cenovus's intention to vote acquired shares in favour of its previously announced transaction with MEG; and regarding Cenovus's future ownership in MEG common shares and its intentions related thereto. Developing forwardâlooking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, including those risks identified under "Risk Management and Risk Factors" and "Advisory" in Cenovus's Management's Discussion and Analysis for the periods ended December 31, 2024 and June 30, 2025 and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus's website at cenovus.com). Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forwardâlooking statements, whether as a result of new information, future events or otherwise. Cenovus Energy Inc. Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company's preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com. Find Cenovus on Facebook, LinkedIn, YouTube and Instagram. Cenovus contacts
DHT Holdings, Inc. Business Update
DHT Holdings, Inc. Business Update HAMILTON, BERMUDA, October 14, 2025 - DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today provides the following business update: For the third quarter of 2025, the Company estimates time charter equivalent earnings for its fleet at $40,500 per day, comprising of $38,700 per day for the Company's VLCCs operating in the spot market and $42,800 per day for the Company's VLCCs on time charter. The estimated time charter equivalent earnings are based on 1,951 revenue days for the third quarter, of which 1,068 days are spot days. Thus far in the fourth quarter of 2025, 56% of the available spot days have been booked at an average rate of $64,400 per day on a discharge-to-discharge basis. 76% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $50,600 per day. In September 2025, the Company entered into a secured credit agreement with Nordea Bank Abp for a $64 million reducing revolving credit facility to finance the acquisition announced in June. The vessel, to be named DHT Nokota, built in 2018, is expected to be delivered into DHT's fleet during the fourth quarter. The facility bears interest at a rate equal to SOFR plus a margin of 1.50%, has a final maturity in September 2032, and follows the Company's established approach to financing. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com. Forward Looking StatementsThis press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "will," "may," "should" and "expect" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company's current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company's estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company's Annual Report on Form 20-F, filed with the SEC on March 20, 2025. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company's actual results could differ materially from those anticipated in these forward-looking statements. Contact:Laila C. Halvorsen, CFOPhone: +1 441 295 1422 and +47 984 39 935 E-mail: lch@dhtankers.com
TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2025 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST
TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2025 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST THE WOODLANDS, Texas, Oct. 13, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release third quarter 2025 results after the closing of the market on Tuesday, October 28, 2025 and will host a conference call on Wednesday, October 29, 2025, at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. Participants in the United States can listen to the conference call by dialing 1-800-715-9871. Those based in Canada can dial 1-647-932-3411 and those outside of North America can dial 1-646-307-1963. The conference ID is 97548934. The conference call will also be available via webcast. The news release will be available on the Company's website prior to the conference call. The replay can be accessed by dialing the same numbers and conference ID as above and 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-third-quarter-2025-earnings-release-conference-call-and-webcast-302582530.html SOURCE TETRA Technologies, Inc.
SM ENERGY SCHEDULES THIRD QUARTER 2025 EARNINGS RELEASE AND LIVE Q&A CALL
SM ENERGY SCHEDULES THIRD QUARTER 2025 EARNINGS RELEASE AND LIVE Q&A CALL DENVER, Oct. 13, 2025 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it plans to release its third quarter 2025 financial and operating results after market hours on November 4, 2025. See schedule below: November 4, 2025 - After market close, the Company plans to issue its third quarter 2025 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing third quarter 2025 financial and operating results, and an associated presentation, all of which will be posted to the Company's website at http://www.sm-energy.com/investors. November 5, 2025 - Please join SM Energy management at 8:00 a.m. Mountain time/10:00 a.m. Eastern time for the third quarter 2025 financial and operating results Q&A session. This discussion will be accessible via: Webcast (available live and for replay) - on the Company's website at http://www.sm-energy.com/investors (replay accessible approximately 1 hour after the live call); or Telephone - join the live conference call by registering at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=M2QTXycV. Dial-in for domestic toll free/International is 877-407-6050 / +1 201-689-8022. ABOUT THE COMPANY SM 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 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 http://www.sm-energy.com. SM ENERGY INVESTOR CONTACT Pat Lytle, plytle@sm-energy.com, 303-864-2502 Meghan Dack, mdack@sm-energy.com, 303-837-2426 View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-schedules-third-quarter-2025-earnings-release-and-live-qa-call-302582452.html SOURCE SM Energy Company
ProPetro Announces Third Quarter 2025 Earnings Call
ProPetro Announces Third Quarter 2025 Earnings Call MIDLAND, Texas, Oct. 13 /BusinessWire/ -- ProPetro Holding Corp. ("ProPetro" or the "Company") (NYSE:PUMP) today announced that it will issue its third quarter of 2025 earnings release on Wednesday, October 29, 2025, before the opening of trading. ProPetro will also host a conference call on Wednesday, October 29, 2025, at 8:00 AM Central Time to discuss its third quarter results. To access the conference call, U.S. callers may dial toll free 800-715-9871 and international callers may dial 1-646-307-1963. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro's website, www.propetroservices.com. A replay of the conference call will be available for one week following the call and may be accessed toll free by dialing 1-800-770-2030 for U.S. and Canada callers, as well as 1-609-800-9909 for international callers. The access code for the replay is 4592428. About ProPetro ProPetro Holding Corp. is a Midland, Texas-based provider of premium completion and power services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. We help bring reliable energy to the world. For more information visit www.propetroservices.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251013393196/en/ back
Talos Energy to Announce Third Quarter 2025 Results on November 5, 2025 and Host Earnings Conference Call on November 6, 2025
Talos Energy to Announce Third Quarter 2025 Results on November 5, 2025 and Host Earnings Conference Call on November 6, 2025 HOUSTON, Oct. 13, 2025 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) intends to release third quarter 2025 results for the period ended September 30, 2025, on Wednesday, November 5, 2025, after the U.S. financial market closes. In addition to this release, Talos will host a conference call, broadcast live over the internet, on Thursday, November 6, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time). Listeners can access the conference call through a webcast link on the Company's website at: Talos Third Quarter 2025 Webcast. Alternatively, the conference call can be accessed by dialing (800) 836-8184 (North American toll-free) or (646) 357-8785 (international). Please dial in approximately 15 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. A replay of the call will be available one hour after the conclusion of the conference until November 13, 2025 and can be accessed by dialing (888) 660-6345 and using access code 13769#. ABOUT TALOS ENERGY Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. For more information, visit www.talosenergy.com . INVESTOR RELATIONS CONTACTS Clay JeansonneClay.Jeansonne@talosenergy.com Kyle SahniKyle.Sahni@talosenergy.com View original content to download multimedia:https://www.prnewswire.com/news-releases/talos-energy-to-announce-third-quarter-2025-results-on-november-5-2025-and-host-earnings-conference-call-on-november-6-2025-302582460.html SOURCE Talos Energy
Noble Corporation plc to announce third quarter 2025 results
Noble Corporation plc to announce third quarter 2025 results HOUSTON, Oct. 13, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to report financial results for the third quarter 2025 on Monday, October 27, 2025 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com. Noble will host a conference call related to its third quarter 2025 results on Tuesday, October 28, 2025 at 8:00 a.m. U.S. Central Time. Interested parties may dial (800) 715-9871 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time. Alternatively, participants may register for the conference call ahead of time at https://registrations.events/direct/Q4I313919091. A live webcast link will be available on the Investor Relations section of the Company's website, and a webcast replay will be accessible for a limited time following the scheduled call. About Noble CorporationNoble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. For further information visit www.noblecorp.com or email investors@noblecorp.com. View original content:https://www.prnewswire.com/news-releases/noble-corporation-plc-to-announce-third-quarter-2025-results-302582170.html SOURCE Noble Corporation plc
Solaris Energy Infrastructure Schedules Third Quarter 2025 Results Conference Call
Solaris Energy Infrastructure Schedules Third Quarter 2025 Results Conference Call HOUSTON, Oct. 13 /BusinessWire/ -- Solaris Energy Infrastructure, Inc. (NYSE:SEI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its third quarter 2025 results on Tuesday, November 4, 2025 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its third quarter earnings release after the market closes on November 3, 2025. Participants can join the third quarter 2025 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Energy Infrastructure, Inc. To listen via live webcast, please visit the Investor Relations section of the Company's website, solaris-energy.com. An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 2695983. The replay will also be available in the Investor Relations section of the Company's website shortly after the conclusion of the call and will remain available for approximately seven days. About Solaris Energy Infrastructure, Inc. Solaris Energy Infrastructure, Inc. (NYSE:SEI) provides mobile and scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including energy, data centers, and other commercial and industrial sectors. For more details, visit solaris-energy.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251013891507/en/ back
Leonardo DRS and KNDS Sign Strategic Teaming Agreement to Offer High-Performance Self-Propelled Howitzer to U.S. Army
Leonardo DRS and KNDS Sign Strategic Teaming Agreement to Offer High-Performance Self-Propelled Howitzer to U.S. Army New Capability Will Support Service Needs for Greater Range and Improved Mobility for Artillery Systems. ARLINGTON, Va., Oct. 13 /BusinessWire/ -- Leonardo DRS and KNDS announced today that they have entered into a strategic teaming agreement to offer a high-performance, self-propelled howitzer system to the U.S. defense market. The team intends to present the U.S. Army with the CAESAR® Self-Propelled Howitzer, a combat-proven and reliable system that addresses the U.S. Army's needs for greater range and improved mobility. It is a powerful and combat-proven system built for accuracy, adaptability and rapid worldwide deployment. The agreement brings together two leading defense companies with deep experience in developing and delivering mobile tactical capabilities: Leonardo DRS, a global leader in platform integration, which will be the prime contractor, and KNDS, a global leader in developing mobile artillery systems and complete range of ammunition. "The ability for soldiers to rapidly and reliably put artillery on target is a crucial mission the U.S. Army is addressing, and we are proud to use our deep experience in integrating best-of-breed capabilities to support this future mission," said Aaron Hankins, senior vice president and general manager of the Leonardo DRS Land Systems business unit. "By teaming with KNDS, we are offering the service a mature, accurate, and high-performing solution." The CAESAR® Self-Propelled Howitzer's advantages can fulfill the Army's immediate need for more capable artillery systems. The platform is engineered to deliver effective, longer-range artillery support with precision and responsiveness. Its rapid firing capability offers sustained support during engagements while its high mobility provides users the ability for quick positioning in virtually any terrain. "KNDS is proud to team with Leonardo DRS to offer the U.S. Army an affordable solution based on a very robust, accurate, and combat-proven artillery system," said Olivier Travert, chief sales officer of KNDS France. "This weapon is particularly suited to address the challenges that warfighters will face in the coming decades. CAESAR®'s 52 caliber ordnance has a superb, demonstrated safety record in combat conditions, in all climates, after firing hundreds of thousands of rounds. The lessons learned in three years of combat in Ukraine - where 120 CAESAR® are now deployed, provides us an outstanding position to offer the United-States Army a state-of-the-art weapon which can be integrated on a U.S. tactical truck." Teaming to pursue this emerging U.S. Army requirement underscores Leonardo DRS's leadership and proven experience in identifying, developing and delivering innovative, integrated systems for new critical-need markets. The company's deep complex integration capability spans all domains to support force protection, computer networking, C5I, and naval power and propulsion systems. About Leonardo DRS Leonardo DRS Inc. (NASDAQ:DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers' most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com. About KNDS KNDS is a European land defense systems leader with more than 10,000 employees, 2024 turnover of 3.8 billion-euro, order backlog of around 23.5 billion euro and order intake of 11.2 billion euro in 2024. As prime contractor and lead system integrator KNDS develops, delivers and sustains state of the art manned and unmanned `system-of-systems', and completes mission solutions and their main systems and sub-platforms, including the related ammunitions and services. Its product portfolio encompasses main battle tanks, armored vehicles, artillery systems, weapons systems, ammunition, robotics, military bridges, customer services, battle management systems, training solutions, protection solutions and a wide range of equipment. The alliance between Krauss-Maffei Wegmann (now KNDS Deutschland) and Nexter (now KNDS France) has been a step forward in the consolidation of the land defense systems industry in Europe. It positions KNDS as a key contributor to European sovereignty by meeting the needs of the respective national armies and offering European and NATO customers the opportunity of increased standardization and interoperability for their defense equipment, with a dependable and resilient European industrial base. KNDS, as a major international leader, is the trusted partner of dozens of armed forces worldwide. KNDS headquarters are based in Amsterdam. Forward-Looking Statements This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20251013330042/en/ back
Valaris Announces Contract Award for Drillship VALARIS DS-12
Valaris Announces Contract Award for Drillship VALARIS DS-12 HAMILTON, Bermuda, Oct. 13 /BusinessWire/ -- Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") announced today that it has been awarded a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt. The contract is expected to commence in the second quarter 2026 and has an estimated duration of 350 days. The estimated total contract value, inclusive of a mobilization fee, is approximately $140 million. The contract also includes three option wells. President and Chief Executive Officer Anton Dibowitz said, "We are pleased that DS-12 will return to Egypt with bp, building on our successful exploration campaign together. With this award, we continue to execute our commercial strategy, having now contracted all four drillships that have near-term availability. Looking ahead, we expect to secure additional attractive work for our high-specification drillships." About Valaris Limited Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com. Cautionary Statements Statements contained in this press release that are not historical facts are 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. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "likely," "outlook," "plan," "project," "could," "may," "might," "should," "will" and similar words and specifically include statements regarding expected financial performance; expected utilization, day rates, revenues, operating expenses, cash flows, contract status, terms and duration, contract backlog, capital expenditures, insurance, financing and funding; the offshore drilling market, including supply and demand, customer drilling programs and the attainment of requisite permits for such programs, stacking of rigs, effects of new rigs on the market and effect of the volatility of commodity prices; expected work commitments, awards, contracts and letters of intent; scheduled delivery dates for rigs; performance and expected benefits of our joint ventures, including our joint venture with Saudi Aramco; timing of the delivery of the Saudi Aramco Rowan Offshore Drilling Company ("ARO") newbuild rigs and the timing of additional ARO newbuild orders; the availability, delivery, mobilization, contract commencement, availability, relocation or other movement of rigs and the timing thereof; rig reactivations; suitability of rigs for future contracts; divestitures of assets; general economic, market, business and industry conditions, trends and outlook; general political conditions, including political tensions, conflicts and war; cybersecurity attacks and threats; uncertainty around the use and impacts of artificial intelligence applications; impacts and effects of public health crises, pandemics and epidemics; future operations; ability to renew expiring contracts or obtain new contracts; increasing regulatory complexity; targets, progress, plans and goals related to sustainability matters; the outcome of tax disputes; assessments and settlements; and expense management. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including cancellation, suspension, renegotiation or termination of drilling contracts and programs; our ability to obtain financing, service our debt, fund capital expenditures and pursue other business opportunities; adequacy of sources of liquidity for us and our customers; future share repurchases; actions by regulatory authorities, or other third parties; actions by our security holders; internal control risk; commodity price fluctuations and volatility, customer demand, loss of a significant customer or customer contract, downtime and other risks associated with offshore rig operations; adverse weather, including hurricanes; changes in worldwide rig supply; and demand, competition and technology; supply chain and logistics challenges; consumer preferences for alternative fuels and forecasts or expectations regarding the global energy transition; increased scrutiny of our sustainability targets, initiatives and reporting and our ability to achieve such targets or initiatives; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties, including recessions, inflation, volatility affecting financial markets and the banking system, changing tariff policies, trade disputes, and adverse changes in the level of international trade activity; terrorism, piracy and military action; risks inherent to shipyard upgrade, repair, maintenance, enhancement or rig reactivation; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; the cancellation of letters of intent or letters of award or any failure to execute definitive contracts following announcements of letters of intent, letters of award or other expected work commitments; the outcome of litigation, legal proceedings, investigations or other claims or contract disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to attract and retain skilled personnel on commercially reasonable terms; the use of artificial intelligence by us, third-party service providers or our competitors; environmental or other liabilities, risks or losses; compliance with our debt agreements and debt restrictions that may limit our liquidity and flexibility, including in any return of capital plans; cybersecurity risks and threats; and changes in foreign currency exchange rates. In addition to the numerous factors described above, you should also carefully read and consider "Item 1A. Risk Factors" in Part I and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission's website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to update or revise any forward-looking statements, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20251012466699/en/ back
Evolution Petroleum to Present at the LD Micro Main Event XIX
Evolution Petroleum to Present at the LD Micro Main Event XIX HOUSTON, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced that its management team will participate in the upcoming LD Micro Main Event Conference on October 19-21, 2025, at the Hotel Del Coronado in San Diego, CA. The team will hold one-on-one meetings with investors on October 20-21, and the Company's presentation will be at 10:30 a.m. PT on October 21. Investors are invited to watch the live presentation online at ldmicrocasts.com. To sign up for the conference or schedule a one-on-one meeting with the Evolution Petroleum team, please contact your LD Micro representative or the Company's investor relations team at ir@evolutionpetroleum.com. About Evolution Petroleum Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Visit www.evolutionpetroleum.com for more information. Contact Investor Relations(713) 935-0122ir@evolutionpetroleum.com This press release was published by a CLEAR® Verified individual.
DNOW Announces Future Leadership Team for Combined Company
DNOW Announces Future Leadership Team for Combined Company HOUSTON, Oct. 13 /BusinessWire/ -- DNOW Inc. (NYSE:DNOW) ("DNOW" or "the Company") today announced its future leadership team effective upon the completion of the pending transaction with MRC Global Inc. (NYSE:MRC) ("MRC Global"). The team will be comprised of leaders from both companies who bring expertise and proven track records in customer service, operational excellence, and supply chain management across the energy and industrial sectors. They collectively possess deep industry knowledge, have strong financial discipline, and the leadership experience needed to successfully guide integration efforts to help drive sustainable long-term growth. "Our organizations have a wealth of talent, and these future leadership team members share a vision for creating a premier solutions provider to the energy and industrial markets," said DNOW President and CEO David Cherechinsky. "This team brings an extensive understanding of our industry and a commitment to developing talent, serving our customers, accelerating growth and expanding our scale and scope of products, services and supply chain solutions. I look forward to working together to unlock new opportunities to deliver growth and drive greater value for our customers, partners and shareholders." Leadership Team As previously announced, David Cherechinsky, President and Chief Executive Officer of DNOW, will serve as President and Chief Executive Officer of the combined company, and Mark Johnson, Chief Financial Officer of DNOW, will serve as Senior Vice President and Chief Financial Officer. The additional members of the future leadership team announced today include: Kelly Youngblood, Chief Financial Officer of MRC Global, will serve as Executive Advisor to the CEO, providing guidance on business strategy, delivering operational efficiencies, capturing merger synergies, and identifying opportunities to achieve the most critical objectives of preserving top talent and maximizing revenue growth. Clent Rawlinson, Senior Vice President at DNOW, will serve as Senior Vice President of North America Sales and Operations with responsibility for the Energy Centers and Process Solutions businesses. Jack McCarthy, Senior Vice President - Supply Chain, Quality and Technical Sales at MRC Global, will be Senior Vice President of U.S. Sales and Operations, primarily focused on the Company's business in the Gas Utilities and Downstream sectors. Steve Smith, Senior Vice President - International at MRC Global, will serve as Senior Vice President of International Sales and Operations. Raymond Chang, Vice President and General Counsel of DNOW, will serve as Vice President and General Counsel with responsibility for legal, regulatory, compliance and HSE matters. Kelly Munson, Chief Administrative and Information Officer of DNOW, will serve as Chief Administrative and Information Officer, with oversight of Human Resources, Organizational Development, and Information Technology functions. Timm Bohnert, Vice President of Supply Chain of DNOW, will serve as Vice President of Supply Chain, overseeing end-to-end supply chain activities. Brad Wise, Vice President of Digital Strategy and Investor Relations of DNOW, will serve as Vice President of Digital Strategy and Investor Relations. Gillian Anderson, Vice President and Chief Accounting Officer of MRC Global, will serve as Vice President and Chief Accounting Officer, reporting to Mark Johnson. On June 26, 2025, DNOW and MRC Global agreed to combine in an all-stock transaction valued at approximately $1.5 billion to create a premier solutions provider to the energy and industrial markets. The transaction is currently on track to close in the fourth quarter of 2025, having received both DNOW and MRC Global shareholder approval and is still subject to obtaining the remaining regulatory clearances and satisfaction of other customary closing conditions. About DNOW DNOW is a supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of over 160 years. Headquartered in Houston, Texas, with approximately 2,500 employees and a network of locations, we offer a broad set of supply chain solutions combined with a suite of digital offerings branded as DigitalNOW® that provide customers access to highly complementary digital commerce, data and information management channels. Our locations provide products and solutions to exploration and production, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction as well as companies operating in the decarbonization, energy evolution and renewables end markets. Forward-Looking Statements This press release includes "forward-looking statements" as defined under the federal securities laws. All statements other than statements of historical fact included or incorporated by reference in this press release, including, among other things, statements regarding the proposed business combination transaction between DNOW and MRC Global, future events, plans and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company's business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of DNOW's or MRC Global's operations or operating results are forward-looking statements. Words and phrases such as "ambition," "anticipate," "estimate," "believe," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, DNOW or MRC Global expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond DNOW's or MRC Global's control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in forward-looking statements: DNOW's ability to successfully integrate MRC Global's businesses and technologies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the expected benefits and synergies of the proposed transaction may not be fully achieved in a timely manner, or at all; the risk that DNOW or MRC Global will be unable to retain and hire key personnel; the risk that the conditions to the transaction are not satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction; unanticipated difficulties, liabilities or expenditures relating to the transaction; the effect of the announcement, pendency or completion of the proposed transaction on the parties' business relationships and business operations generally; the effect of the announcement or pendency of the proposed transaction on the parties' common stock prices and uncertainty as to the long-term value of DNOW's or MRC Global's common stock; risks that the proposed transaction disrupts current plans and operations of DNOW or MRC Global and their respective management teams and potential difficulties in hiring or retaining employees as a result of the proposed transaction; and other economic, business, competitive and/or regulatory factors affecting DNOW's or MRC Global's businesses generally as set forth in their filings with the Securities and Exchange Commission (the "SEC"). The registration statement on Form S-4 (No. 333-288909) (the "Registration Statement") and joint proxy statement/prospectus that was filed with the SEC describes additional risks in connection with the proposed transaction. While the list of factors presented here is, and the list of factors presented in the Registration Statement and joint proxy statement/prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Except as required by law, neither DNOW nor MRC Global undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20251012163336/en/ back
Civitas Resources, Inc. Schedules Third Quarter 2025 Conference Call and Webcast
Civitas Resources, Inc. Schedules Third Quarter 2025 Conference Call and Webcast DENVER, Oct. 10 /BusinessWire/ -- Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2025 operating and financial results after market close on Thursday, November 6, 2025. A conference call and webcast are planned for 7:00 a.m. MT (9:00 a.m. ET) on Friday, November 7, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the Permian Basin in Texas and New Mexico and the DJ Basin in Colorado. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit www.civitasresources.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251010793657/en/ back
Nabors Industries Announces Receipt of Funds in Repayment of Seller Note from Superior Energy
Nabors Industries Announces Receipt of Funds in Repayment of Seller Note from Superior Energy HAMILTON, Bermuda, Oct. 9, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that it has received prepayment in full of the $250 million seller financing note issued earlier this year, in connection with the sale of Quail Tools, LLC to Superior Energy Services, Inc. ("Superior"). The seller note was prepaid by Superior ahead of its scheduled maturity, further strengthening Nabors' financial liquidity. The Company intends to use the proceeds to continue reducing gross debt, concentrating on its outstanding notes maturing in 2028, and reiterating the Company's commitment to deleveraging and enhancing long-term shareholder value. About Nabors Industries Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world. Learn more about Nabors and its energy technology leadership: www.nabors.com Forward-looking Statements The information included in this press release includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to a number of risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements. The forward-looking statements contained in this press release reflect management's estimates and beliefs as of the date of this press release. Nabors does not undertake to update these forward-looking statements. Investor Contacts: William C. Conroy+1 281-775-2423william.conroy@nabors.com Kara K. Peak+1 281-775-4954kara.peak@nabors.com View original content:https://www.prnewswire.com/news-releases/nabors-industries-announces-receipt-of-funds-in-repayment-of-seller-note-from-superior-energy-302580189.html SOURCE Nabors Industries Ltd.
Clean Energy to Report Third Quarter 2025 Financial Results on November 4; Conference Call to Follow at 1:30 p.m. Pacific Time
Clean Energy to Report Third Quarter 2025 Financial Results on November 4; Conference Call to Follow at 1:30 p.m. Pacific Time NEWPORT BEACH, Calif., Oct. 09 /BusinessWire/ -- Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the third quarter of 2025 on November 4, 2025 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.267.6316 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9783. (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through December 4, 2025 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 11160162. There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days. About Clean Energy Fuels Corp. Clean Energy Fuels Corp. is the country's largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X. View source version on businesswire.com: https://www.businesswire.com/news/home/20251009120548/en/ back
NOG Schedules Third Quarter Earnings Release and Conference Call
NOG Schedules Third Quarter Earnings Release and Conference Call MINNEAPOLIS, Oct. 09 /BusinessWire/ -- Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") announced today that it plans to issue its third quarter 2025 financial and operating results on Thursday, November 6, 2025, after the market closes. Additionally, the Company will host a conference call on Friday, November 7, 2025, at 8:00 a.m. Central Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. An archive of the conference call webcast will also be available on NOG's website through November 6, 2026. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States. More information about NOG can be found at www.noginc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20251009187882/en/ back
APA Corporation Provides Third-Quarter 2025 Supplemental Information and Schedules Results Conference Call for Nov. 6 at 10 a.m. Central Time
APA Corporation Provides Third-Quarter 2025 Supplemental Information and Schedules Results Conference Call for Nov. 6 at 10 a.m. Central Time HOUSTON, Oct. 08, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2025 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2025. It is provided to assist investors, analysts and others in formulating their own estimates and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2025 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for third-quarter 2025. *Includes the impact of realized gain/loss from commodity derivatives Egypt payments and impact on net debt and free cash flow Based on the strong, longstanding partnership with the Government of Egypt, APA received substantial payments from the Egyptian General Petroleum Corporation (EGPC) during the third quarter. Egypt receivables have now returned to normalized levels. Following the payments from EGPC, APA made proportional distributions to its non-controlling interest partner in Egypt. Total distributions to the partner were $173 million during the third quarter, compared to $126 million and $91 million in the first and second quarters respectively. As a reminder, APA's definition of free cash flow excludes changes in working capital, thus, these payments from Egypt do not increase APA's free cash flow for the quarter. However, the definition of free cash flow does include partner distributions, which reduces free cash flow. As a result of these positive developments, net debt and free cash flow were both lower than previously expected. Production update APA curtailed approximately 20 MMcf/d of U.S. natural gas production and 1,400 barrels per day of U.S. natural gas liquids production in the third quarter in response to weak or negative Waha hub prices. Weighted-average shares outstanding The estimated weighted-average basic common shares for the third quarter is 357 million. APA repurchased 3.1 million shares at an average price of $20.78 per share during the third quarter. Third-quarter 2025 earnings call APA will host a conference call to discuss its third-quarter 2025 results at 10 a.m. Central time, Thursday, Nov. 6. The conference call will be webcast from APA's website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "continues," "could," "estimates," "expects," "goals," "guidance," "may," "might," "outlook," "possibly," "potential," "projects," "prospects," "should," "will," "would," and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in APA's Form 10-K for the year ended December 31, 2024, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. Contacts APA-F
Antero Midstream Announces Third Quarter 2025 Return of Capital and Earnings Release Date and Conference Call
Antero Midstream Announces Third Quarter 2025 Return of Capital and Earnings Release Date and Conference Call DENVER, Oct. 8, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the third quarter of 2025. The Company also repurchased approximately 2.3 million shares during the third quarter. In addition, Antero Midstream announced plans to issue its third quarter 2025 earnings on Wednesday, October 29, 2025 after the close of trading on the New York Stock Exchange. Third Quarter 2025 Return of Capital The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the third quarter of 2025, or $0.90 per share on an annualized basis. The dividend will be payable on November 5, 2025 to stockholders of record as of October 22, 2025. This represents the 44th consecutive quarterly dividend or distribution paid since Antero Midstream Partners LP's initial public offering in November 2014. In addition, during the third quarter of 2025, Antero Midstream repurchased approximately 2.3 million shares for approximately $41.3 million. Antero Midstream had approximately $385 million of remaining share repurchase capacity under its $500 million authorized share repurchase program as of September 30, 2025. Third Quarter 2025 Earnings Release Date and Conference Call Antero Midstream plans to issue its third quarter 2025 earnings on Wednesday, October 29, 2025 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, October 30, 2025 at 10:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference "Antero Midstream." A telephone replay of the call will be available until Thursday, November 6, 2025 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13750400. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream's website at www.anteromidstream.com. The webcast will be archived for replay until Thursday, November 6, 2025 at 10:00 am MT. Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties. View original content to download multimedia:https://www.prnewswire.com/news-releases/antero-midstream-announces-third-quarter-2025-return-of-capital-and-earnings-release-date-and-conference-call-302578892.html SOURCE Antero Midstream Corporation
Antero Resources Announces Third Quarter 2025 Earnings Release Date and Conference Call
Antero Resources Announces Third Quarter 2025 Earnings Release Date and Conference Call DENVER, Oct. 8, 2025 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its third quarter 2025 earnings release on Wednesday, October 29, 2025 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, October 30, 2025 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or 201-493-6746 (International) and reference "Antero Resources." A telephone replay of the call will be available until Thursday, November 6, 2025 at 9:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13750397. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at www.anteroresources.com. The webcast will be archived for replay until Thursday, November 6, 2025 at 9:00 am MT. Antero Resources is an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. In conjunction with its affiliate, Antero Midstream (NYSE: AM), Antero is one of the most integrated natural gas producers in the U.S. The Company's website is located at www.anteroresources.com . View original content to download multimedia:https://www.prnewswire.com/news-releases/antero-resources-announces-third-quarter-2025-earnings-release-date-and-conference-call-302578814.html SOURCE Antero Resources Corporation