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.
Gulfport Energy reported adjusted EBITDA of approximately $212 million and adjusted free cash flow of $64.6 million in Q2 2025, exceeding analyst expectations.
Liquidity stood at $885 million, including $3.8 million in cash and $881.1 million in borrowing base availability.
Net cash provided by operating activities before changes in working capital was about $198 million, sufficient to cover capital expenditures and share repurchases while maintaining a strong balance sheet.
The company repurchased approximately 6.2 million shares at an average price of $113.48, reducing share count by about 18%.
Trailing 12-month net leverage decreased to approximately 0.85x as of June 30, 2025, down from the prior quarter.
Adjusted EBITDA totaled $248 million in Q2 2025, in line with expectations, including full quarter contribution from Parker operations and improved U.S. Drilling results.
Adjusted free cash flow improved to $41 million from negative $61 million in Q1, driven by lower cash interest, Parker contribution, and seasonal factors.
Capital expenditures increased to $199 million from $151 million, including $77 million for SANAD newbuilds and $31 million for Parker.
Drilling Solutions EBITDA rose $35.6 million to $76.5 million, with Parker contributing $36.3 million.
Drilling Solutions revenue rose 82.7% to $170.3 million, driven by Parker acquisition.
International Drilling revenue increased 1% to $385 million, with Parker rigs offsetting legacy rig count reductions.
International segment EBITDA increased 1.9% to $117.7 million, supported by Parker rigs and newbuilds in Saudi Arabia and Kuwait.
Revenue from operations was $833 million, up 13% from prior quarter, primarily due to Parker acquisition.
Rig Technologies EBITDA slightly declined to $5.2 million.
Rig Technologies revenue declined $7.6 million sequentially to $36.5 million due to prior quarter capital equipment deliveries.
U.S. Drilling EBITDA increased 9.8% to $101.8 million, with Parker contributing $6 million.
U.S. Drilling revenue increased 11% sequentially to $255 million, driven by stronger activity and Parker contribution.
Dafinchi