Dafinchi AI

Kosmos Energy Ltd.

KOS

Energy & Utilities

2w

Gimi LNG Project Achieves Commercial Operations Date (COD) with 6.5 Cargoes Lifted in 2025

Gimi FLNG achieved COD in late June, marking a key milestone for the GTA project.
Targeting full capacity of 2.7 million tonnes per annum in Q4 2025.
Lifted 6.5 gross cargoes year-to-date, with expected increase in production during winter months.

Kosmos Energy Ltd.

KOS

Energy & Utilities

2w

Financial Performance Summary

CapEx in the first half of 2025 was approximately $170 million, down 65% from the first half of 2024, with full year guidance reduced from $400 million to $350 million.
Equatorial Guinea production was just under 8,000 barrels per day, lower than expected due to subsea pump failures.
Free cash flow generation has started with production increases and CapEx reductions, supporting debt paydown and balance sheet resilience.
Ghana net production was around 29,100 barrels of oil equivalent per day, with Jubilee gross production at approximately 55,000 barrels per day, impacted by planned shutdowns and riser instability.
GTA net production was just over 7,000 barrels of oil equivalent per day with 3.5 gross LNG cargoes lifted in the quarter.
Gulf of America net production was about 19,600 barrels of oil equivalent per day, at the upper end of guidance.
Operating expenses per barrel of oil equivalent (OpEx/BOE) excluding GTA were higher in the quarter due to lifting timing, while general and administrative expenses (G&A) were lower due to overhead savings.
Second quarter production increased sequentially due to GTA coming online and strong Gulf of America performance, partially offset by lower Jubilee and Equatorial Guinea production.

International Seaways, Inc.

INSW

Energy & Utilities

1w

Fleet renewal through vessel sales and purchases

Sold or agreed to sell 6 of the oldest vessels with an average age of 17.5 years, generating proceeds of around $85 million.
Purchased a 2020-built scrubber-fitted VLCC, delivering in Q4 2025.
Fleet renewal strategy includes executing sales and purchases throughout the tanker cycle to maintain a modern fleet.

Golar LNG Limited

GLNG

Energy & Utilities

5d

Financial Performance Summary

Declared a dividend of $0.25 per share for the quarter, with payment scheduled for early September.
Historical shareholder returns include $787 million in dividends, share, and asset buybacks over 4.5 years.
Last 12 months EBITDA totaled $208 million, with expectations to grow EBITDA more than 4x upon full delivery of vessels.
Net debt stood at just under $1.2 billion with a net debt-to-EBITDA ratio of approximately 3.4x.
Net income reported was $31 million, including a $30 million gain from the Gimi sales-type lease recognition.
Raised $575 million through convertible bonds issuance, strengthening cash position to just under $900 million.
Total EBITDA for the quarter was $49 million, with FLNG operations alone contributing $57 million after project development expenses.
Total operating revenues reached $75 million in Q2 2025, driven by FLNG tariffs of $82 million following Gimi's commercial operations date.

UGI Corporation

UGI

Energy & Utilities

1w

Operational Performance Amid Seasonal Variations

UGI reported a Q3 adjusted EPS of negative $0.01, reflecting typical seasonal patterns, with warmer weather and lower midstream margins impacting results.
The Utilities segment saw a decline in EBIT due to higher operating expenses but benefited from infrastructure investments and customer growth.
AmeriGas EBIT was stable, with lower volumes offset by higher margins, and the full-year performance remains resilient despite seasonal challenges.

NRG Energy, Inc.

NRG

Energy & Utilities

1w

Long-term Data Center Power Agreements Validating Growth Strategy

Announced 295 MW retail power agreement with data center operator, initial 10-year term with options to extend to 20 years.
Pricing above target range midpoint with protected margins, operations expected to reach full capacity in 2030.
Active efforts to expand agreement to 500 MW with a long-term path to 1 GW across additional sites.
Over 4 GW of joint development agreements and LOIs with multiple data center sites.
Natural gas turbines reserved for future development supporting long-term data center contracts.
Highlights the strategic importance of data center demand for growth and recurring cash flow.

GWH

Energy & Utilities

5d

Strategic Pivot to Long-Duration Energy Storage and Market Focus

ESS has shifted its strategic focus towards long-duration energy storage solutions, emphasizing the Energy Base product as a core growth driver.
The company highlighted the limitations of short-duration storage and lithium-ion technologies, positioning itself as a leader in scalable, safe, and sustainable long-duration storage.
Management noted a significant increase in market demand, with proposal activity exceeding 1.1 gigawatt hours since the Energy Base launch in February.
The company’s relationships with Tier 1 customers and utilities are foundational to its long-term growth strategy in the evolving energy transition market.
ESS’s pivot includes a focus on building a commercial pipeline with a growing number of RFPs and strategic partnerships, signaling a shift from project-based to pipeline-based revenue.
The company aims to convert commercial momentum into multiyear agreements, targeting revenue growth starting in 2026.