Dafinchi AI

Antero Resources Corporation

AR

Energy & Utilities

2w

Financial Performance Summary

Antero has the lowest maintenance capital cost per Mcfe among peers at $0.53, 27% below the peer average of $0.73.
Antero Resources reported $260 million of free cash flow in Q2 2025, using nearly $200 million to reduce debt and repurchasing $150 million of shares year-to-date.
Maintenance capital requirements declined by 26% from $900 million in 2023 to $663 million, while production guidance increased by 5% to over 3.4 Bcf equivalent per day.
NGL realized C3+ cost price averaged $37.92 per barrel in Q2 2025, with C3+ realizations improving to 59% of WTI compared to 50% in Q2 2024.
The company reduced total debt by 30% or $400 million year-to-date.
U.S. propane exports averaged over 1.8 million barrels per day, a 6% increase year-over-year.

OGE Energy Corp.

OGE

Energy & Utilities

2w

Financial Performance Summary

Consolidated net income for Q2 2025 was $108 million or $0.53 per diluted share, compared to $102 million or $0.51 per share in Q2 2024.
Electric company net income was $108 million or $0.53 per diluted share, slightly down from $109 million or $0.54 per share in Q2 2024 due to milder weather and higher interest and depreciation expenses.
Holding company reported a small loss of less than $1 million, flat compared to a $7 million loss in Q2 2024, primarily due to a one-time pretax benefit of $8.7 million from legacy midstream operations.
Industrial and oilfield load showed softness due to unplanned customer outages but future growth is expected.
Year-to-date weather-normalized load grew 6.5% compared to the same period in 2024, with residential and commercial customer growth at 1% and 25%, respectively.

Comstock Resources, Inc.

CRK

Energy & Utilities

2w

Financial Performance Summary

Adjusted net income was $40 million or $0.13 per diluted share, a turnaround from a loss in Q2 2024.
Development spending was $268 million in Q2, drilling 19 wells year-to-date with 24 wells turned to sales averaging 27 million cubic feet per day initial production.
EBITDAX for H1 was $553 million and cash flow was $449 million, with adjusted net income of $94 million or $0.32 per diluted share compared to a loss in H1 2024.
EBITDAX for Q2 was $260 million, with operating cash flow of $210 million or $0.71 per diluted share.
For the first half of 2025, production averaged 1.26 Bcfe per day, 15% lower than the same period in 2024, with oil and gas sales up 22% to $749 million.
In Q2 2025, Comstock Resources reported natural gas and oil sales of $344 million, a 24% increase despite a 14% production decline to 1.23 Bcfe per day compared to Q2 2024.
Operating costs per Mcfe averaged $0.80 in Q2, slightly lower than prior periods, and EBITDAX margin was 74%.
Realized natural gas price in Q2 was $3.10 per Mcf after hedging and marketing gains, with a 56% hedge coverage.

Atmos Energy Corporation

ATO

Energy & Utilities

1w

Financial Performance Summary

Consolidated capital spending rose 22% to $2.6 billion, with 86% dedicated to safety and reliability improvements.
Fiscal year-to-date net income reached $1 billion or $6.40 per diluted share, up from $6.00 per diluted share in the prior year period.
Liquidity remains strong at approximately $5.5 billion, including $1.7 billion from forward sale agreements.
Operating income increased by $322 million due to regulatory outcomes, with additional $22 million from residential customer growth and industrial load increases.
Weighted-average cost of debt stands at 4.17% with a weighted-average maturity of approximately 17 years.

Energy Fuels Inc.

UUUU

Energy & Utilities

1w

Financial Performance Summary

Energy Fuels reported a net loss of $22 million or $0.10 per share in Q2 2025, an improvement from Q1's net loss of $26 million or $0.13 per share.
Finished product inventory was nearly $60 million, with nearly 1 million pounds of Vanadium and significant Rare Earths inventory including 9,000 kilograms of partially separated Rare Earths carbonate and 37,000 kilograms of separated NdPr.
Liquidity at the end of June 30 was approximately $253 million, including cash, cash equivalents, liquid market securities, inventories, and trade receivables.
The company sold 50,000 pounds of Uranium at $77 per pound, achieving a 31% margin on that sale.

COP

Energy & Utilities

1w

Financial Performance Summary

Capital expenditures were $3.3 billion, slightly down quarter-on-quarter.
ConocoPhillips produced 2,391,000 barrels of oil equivalent per day in Q2 2025, exceeding the high end of production guidance.
Ended the quarter with $5.7 billion in cash and short-term investments plus $1.1 billion in long-term liquid investments.
Generated $1.42 per share in adjusted earnings and $4.7 billion of cash flow from operations (CFO) in Q2.
Returned $2.2 billion to shareholders in Q2, including $1.2 billion in buybacks and $1 billion in dividends.

NextEra Energy, Inc.

NEE

Energy & Utilities

3w

Financial Performance Summary

Adjusted earnings from corporate and other decreased by $0.04 per share in Q2 2025.
Energy Resources added 3.2 gigawatts to its backlog, now totaling nearly 30 gigawatts, with 30% from storage projects.
Energy Resources' adjusted earnings per share increased by $0.11 year-over-year, driven by new investments and growth in renewables and storage portfolios.
FPL's earnings per share increased by $0.02 year-over-year in Q2, driven by nearly 8% growth in regulatory capital employed.
FPL's retail sales increased 1.7% year-over-year, or 2.6% on a weather-normalized basis, supported by strong customer growth.
FPL's return on equity for regulatory purposes is approximately 11.6% for the 12 months ending June 2025.
NextEra Energy reported a 9.4% year-over-year increase in adjusted earnings per share for Q2 2025 and a 9.1% increase for the first six months of 2025.
Wind resource was weaker at 97% of long-term average compared to 104% in Q2 2024, impacting existing clean energy portfolio earnings.

ProPetro Holding Corp.

PUMP

Energy & Utilities

2w

Financial Performance Summary

Adjusted EBITDA totaled $50 million, 15% of revenue, and decreased 32% compared to the prior quarter, including $14 million lease expense related to electric fleets.
Capital expenditures paid were $37 million and incurred were $73 million, including $30 million for maintenance and $43 million supporting PROPWR orders.
Cash and liquidity remain strong with $75 million in cash and $178 million total liquidity including $103 million available capacity under the ABL credit facility.
Free cash flow for the Completions business was $26 million, demonstrating sustainable cash flow despite challenging market conditions.
Net loss totaled $7 million or $0.07 loss per diluted share compared to net income of $10 million or $0.09 income per diluted share for the first quarter of 2025.
No shares were repurchased in Q2 2025 as the company prioritized launching and scaling the PROPWR business.
ProPetro generated total revenue of $326 million, a decrease of 9% compared to the prior quarter.

Exxon Mobil Corporation

XOM

Energy & Utilities

2w

Financial Performance Summary

2025 project start-ups are expected to drive more than $3 billion of earnings in 2026 at constant prices and margin.
Chemical earnings showed resilience despite lower sequential margins, supported by feed flexibility, high-value products, and cost control.
ExxonMobil achieved the highest second quarter production since the Exxon and Mobil merger over 25 years ago.
Operating expenses excluding energy costs and production taxes remain lower than 2019 levels despite inflation and growth.
Permian Basin production reached a record 1.6 million oil equivalent barrels per day during the quarter.
The company has realized $1.4 billion in structural cost savings year-to-date, targeting $18 billion by 2030 off a 2019 basis.