Adjusted EBITDA for the quarter was approximately $514 million, with capital expenditures of $265 million.
Crescent Energy posted an exceptional Q2 2025 with record production of 263,000 barrels of oil equivalent per day, including 108,000 barrels of oil per day.
Crescent repaid approximately $200 million of debt during the quarter, increasing liquidity to $1.75 billion.
Dividend of $0.12 per share was declared, equating to an attractive 7% annualized yield.
The company generated approximately $171 million of free cash flow, exceeding Wall Street expectations on all key metrics.
The company repurchased $28 million of stock at an average price of $7.88, about 12% below the current share price.
AmeriGas operating loss remained stable at $28 million, with higher retail margins offsetting lower volumes.
Midstream & Marketing EBIT declined by $16 million to $27 million due to lower margins and asset divestitures.
UGI International EBIT decreased by $14 million to $43 million, impacted by lower LPG volumes and margins but partially offset by cost reductions and currency translation benefits.
UGI reported a fiscal 2025 Q3 adjusted diluted EPS of negative $0.01, down from positive $0.06 in the prior year, reflecting typical seasonal weakness and warmer weather in some territories.
Utilities segment EBIT was $30 million in Q3, down from $39 million prior year, with margin gains offset by higher operating and administrative expenses.
Year-to-date adjusted diluted EPS reached a record $3.55, up $0.33 from the prior year, driven by contributions from all segments including natural gas infrastructure investments, operational efficiencies, and tax credits.
Adjusted earnings from ongoing operations were $0.32 per share, a $0.06 decrease compared to Q2 2024, impacted by timing of expenses, favorable weather last year, and higher interest expense.
Adjusted earnings from ongoing operations were $0.32 per share, a $0.06 decrease compared to Q2 2024, primarily due to timing of operating costs, favorable weather in Q2 2024, and higher interest expense.
Kentucky segment results were flat year-over-year; Pennsylvania segment results decreased by $0.02 per share; Rhode Island segment results decreased by $0.03 per share; Corporate and Other decreased by $0.01 per share.
PPL issued $180 million of equity through ATM in the quarter, totaling $350 million for the year so far.
PPL reported second quarter GAAP earnings of $0.25 per share, down slightly from $0.26 per share in Q2 2024.
Special items of $0.07 per share were recorded, mainly due to IT transformation costs and Rhode Island integration expenses.
Special items of $0.07 per share were recorded, mainly related to IT transformation costs and Rhode Island integration.
The company remains confident in achieving at least the midpoint of its 2025 ongoing earnings forecast of $1.81 per share.
EOG completed the $5.6 billion Encino acquisition, adding 1.1 million net acres in the Utica, which now forms a core part of its portfolio alongside the Delaware Basin and Eagle Ford.
The company sees the Utica as a growth asset with a resource potential of over 2 billion barrels of oil equivalent, offering high returns (over 55% at bottom cycle prices and over 200% at mid-cycle prices).
Early integration efforts are exceeding expectations, with initial synergies of at least $150 million annually within the first year, mainly from well cost reductions and G&A efficiencies.
EOG plans to operate 5 rigs and 3 completion crews in the Utica through the rest of 2025, leveraging its proprietary technology and operational model to unlock additional value.
The company expects to bring well costs in line with its existing operations, with a focus on infrastructure, location construction, and midstream agreements to optimize production and costs.
Dafinchi