Dafinchi AI

Scorpio Tankers Inc.

STNG

Energy & Utilities

3w

Financial Performance Summary

Cash breakeven is maintained at $12,500 per day, supporting strong cash flow generation potential at various rate levels.
In Q2 2025, Scorpio Tankers generated $144.5 million in adjusted EBITDA and $67.8 million in adjusted net income.
Liquidity stands at approximately $1.4 billion, including cash, undrawn revolving credit, and investment in DHT.
Net debt declined by $2.5 billion since December 31, 2021, to $438 million as of Q2 2025.
Operating cash flow excluding working capital changes was over $130 million for the quarter and approximately $240 million year-to-date.
Vessel operating costs improved quarter-over-quarter due to completed dry docks and enhanced fleet efficiency.

Par Pacific Holdings, Inc.

PARR

Energy & Utilities

2w

Financial Performance Summary

Cash from operations totaled $83 million excluding working capital inflows and deferred turnaround expenditures.
Corporate expenses and adjusted EBITDA totaled $24 million for the quarter.
Gross term debt was $641 million with a leverage ratio of 3x trailing 12-month retail and logistics EBITDA.
Refining segment reported adjusted EBITDA of $108 million in Q2 compared to a loss of $14 million in Q1.
Retail segment adjusted EBITDA increased to $23 million from $19 million in Q1, driven by higher fuel margins and same-store sales growth.
Second quarter adjusted EBITDA was $138 million and adjusted net income was $1.54 per share.
Total liquidity increased 23% to $647 million, supported by strong operating cash flows and expanded ABL facility capacity.

Hawaiian Electric Industries, Inc.

HE

Energy & Utilities

1w

Financial Performance Summary

Excluding special items, consolidated core net income was $35.4 million or $0.20 per share, down from $28.4 million or $0.26 per share in Q2 2024.
HEI maintains strong liquidity with $44 million and $106 million unrestricted cash at holding company and utility levels respectively, plus significant available credit facilities.
HEI reported net income of $26.1 million or $0.15 per share in Q2 2025, including $5.4 million earnings impacts from asset sales and $5.2 million in Maui Wildfire-related expenses.
Holding company core net loss improved to $7.1 million from $15.5 million in Q2 2024, driven by lower interest expense and higher interest income.
Utility core net income was $42.5 million, slightly down from $43.9 million in Q2 2024 due to higher wildfire mitigation and insurance costs, partially offset by higher revenues and better heat rate performance.

The AES Corporation

AES

Energy & Utilities

2w

Financial Performance Summary

Adjusted EPS increased 34% to $0.51 per share versus $0.38 in the prior year, supported by $185 million higher U.S. renewable tax attributes.
AES reported adjusted EBITDA of $681 million for Q2 2025, up from $658 million a year ago, driven by growth in renewables and cost reductions.
Capital allocation includes $500 million returned to shareholders via dividends and $1.8 billion invested in growth, mainly in renewables and utilities.
Energy Infrastructure SBU EBITDA declined due to prior year coal PPA monetization and portfolio changes, partially offset by higher fleet availability.
New Energy Technologies SBU EBITDA was lower, reflecting Fluence's fiscal Q2 results.
Parent free cash flow target of $1.15 billion to $1.25 billion is on track with double-digit year-over-year growth.
Renewables SBU EBITDA grew 56% year-over-year to $240 million, reflecting 3.2 gigawatts of new capacity and improved project returns.
Utilities SBU saw lower adjusted pretax contribution due to planned outages and the sell-down of AES Ohio, but growth is expected from new investments.

ProPetro Holding Corp.

PUMP

Energy & Utilities

3w

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.

Devon Energy Corporation

DVN

Energy & Utilities

1w

Financial Performance Summary

Capital spending was 7% below guidance, contributing to strong free cash flow generation.
Devon delivered core earnings of $0.84 per share and EBITDAX of $1.8 billion in Q2 2025.
Net debt-to-EBITDAX ratio improved to 0.9x, supported by a $500 million debt retirement during the quarter.
Operating cash flow reached $1.5 billion, generating $589 million in free cash flow after capital expenditures.
Returned approximately 70% of free cash flow to shareholders via $156 million in dividends and $249 million in share repurchases.
The company realized a $307 million pretax gain from the divestiture of its equity interest in the Matterhorn pipeline.
Total liquidity stood at $4.8 billion, including $1.8 billion in cash on hand.

EQT Corporation

EQT

Energy & Utilities

4w

Financial Performance Summary

Capital spending was approximately $50 million below the low end of guidance due to midstream spending optimization and lower well costs.
Cumulative free cash flow over the past three quarters totaled nearly $2 billion despite average natural gas prices of $3.30 per MMBtu.
Hedging strategy includes modest winter hedges covering 10% of production with costless collars averaging a floor just above $4 and ceiling around $7 per MMBtu, plus 5% production hedged through Q1 2027 via Olympus acquisition.
Net debt decreased by approximately $350 million in Q2 to $7.8 billion, marking nearly $6 billion reduction over three quarters.
Pro forma Olympus acquisition, EQT remains on track to meet year-end 2025 net debt target of $7.5 billion and plans to operate with a maximum of $5 billion net debt over the medium to long term.
Q2 free cash flow attributable to EQT was approximately $240 million despite a $134 million litigation settlement expense; excluding this, free cash flow would have been about $375 million, exceeding expectations.
Q2 production was at the high end of guidance, driven by strong well productivity and compression project outperformance.