Dafinchi AI

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.

DNOW

Energy & Utilities

2w

Financial Performance Summary

DNOW ended the quarter debt-free with a cash balance of $232 million and total liquidity of $582 million.
DNOW reported second quarter 2025 revenue of $628 million, up 5% sequentially and 3% year-over-year in the U.S. segment.
Free cash flow for the quarter was $41 million, with $27 million spent on share repurchases year-to-date.
Gross margins remained resilient at 22.9%, slightly down sequentially but up 110 basis points year-over-year.
Inventory turnover improved to 5.1x from 4.8x in the prior quarter, and days sales outstanding improved by 3 days to 64.
Net income attributable to DNOW was $25 million or $0.23 per diluted share, with non-GAAP net income at $29 million or $0.27 per diluted share.
Second quarter EBITDA reached a record $51 million, representing 8.1% of revenue and an 11% sequential increase.

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.

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.

Expro Group Holdings N.V.

XPRO

Energy & Utilities

3w

Financial Performance Summary

EBITDA was $94 million, beating guidance of $80 million to $90 million, representing a 24% sequential increase and a 22% EBITDA margin, up 200 basis points quarter-over-quarter and year-over-year.
Expro reported revenue of $423 million in Q2 2025, up $32 million or about 8% from Q1 2025, exceeding guidance of $400 million to $410 million.
Expro repurchased $5 million in shares in Q2, totaling $15 million year-to-date, with $61 million remaining under the $100 million authorization.
Free cash flow on an adjusted basis was $36 million, or 9% of revenue, marking the third consecutive quarter of financial results above expectations.
Liquidity at quarter-end was approximately $343 million, including $207 million cash and $136 million available under revolving credit facility, with new credit facilities increasing total commitments to $500 million.
Segment EBITDA margins: ESSA 30% (up 400 bps), MENA 36% (down 70 bps), APAC 26% (up 500 bps).
Segment revenues: North and Latin America (NLA) $143 million, Europe and Sub-Saharan Africa (ESSA) $132 million, Middle East and North Africa (MENA) $91 million, Asia Pacific (APAC) $57 million.

Riley Exploration Permian, Inc.

REPX

Energy & Utilities

1w

Financial Performance Summary

Adjusted EBITDAX margin was 66%, down from 71% a year ago, reflecting resiliency despite lower prices.
Barrels of oil equivalent production increased 1% quarter-over-quarter and 14% year-over-year to 2.22 million barrels.
Cash flow from operations in Q2 2025 was $33.6 million, down quarter-over-quarter due to lower oil prices and working capital changes.
Debt increased to $284 million at quarter end, primarily due to Silverback acquisition funding, with total debt at $401 million as of August 1.
Net production declined slightly from 1.41 million to 1.38 million barrels of oil quarter-over-quarter but increased 3% year-over-year.
Operating expenses (LOE and cash G&A per BOE) decreased by 5% to 7% compared to prior periods.
Realized oil prices before hedges fell 11% quarter-over-quarter and 22% year-over-year; prices after hedges fell 7% quarter-over-quarter and 14% year-over-year, showing effective risk management.

Clean Energy Fuels Corp.

CLNE

Energy & Utilities

1w

Financial Performance Summary

Adjusted EBITDA for Q2 2025 was $17.5 million, slightly down from $18.9 million in Q2 2024, but improved when excluding noncomparable income from 2024.
Clean Energy Fuels reported $102 million in revenue for Q2 2025, with over 61 million gallons of renewable natural gas (RNG) sold.
GAAP net loss for Q2 2025 was $20.2 million compared to $16.3 million in Q2 2024, impacted by the expiration of a $6 million alternative fuel tax credit.
Operating cash and investments increased to $241 million at the end of June 2025, up from $217 million at the start of the year.
RNG volumes increased 21% compared to Q1 2025, recovering from production challenges due to cold weather earlier in the year.

W&T Offshore, Inc.

WTI

Energy & Utilities

2w

Financial Performance Summary

Adjusted EBITDA grew by 9% to $35 million compared to Q1 2025.
Capital expenditures in Q2 2025 were $10 million; asset retirement costs totaled $12 million.
Liquidity increased to $171 million as of June 30, 2025.
Midyear 2025 SEC proved reserves were 123 million barrels of oil equivalent, slightly down from 127 million at year-end 2024 due to production but partially offset by 1.8 million barrels of positive revisions.
Pretax PV-10 value of midyear 2025 proved reserves was flat at $1.2 billion compared to year-end 2024.
Total debt reduced from $393 million at year-end 2024 to $350 million at the end of Q2 2025; net debt reduced from $284 million to $229 million.
Total lease operating expenses were $77 million, within guidance.
Unrestricted cash grew to over $120 million while net debt was lowered by about $15 million to under $230 million.
W&T Offshore increased production by 10% quarter-over-quarter to 33,500 barrels of oil equivalent per day in Q2 2025, within guidance range.

Permian Resources Corporation

PR

Energy & Utilities

1w

Financial Performance Summary

Adjusted operating cash flow was $817 million and adjusted free cash flow was $312 million with $505 million cash CapEx.
Leverage maintained at approximately 1x with liquidity around $3 billion.
Q2 production exceeded expectations with 176.5k barrels of oil per day including 900 barrels from the Apache acquisition, totaling 385,000 BOE per day.
Repurchased $43 million of shares at an average price of $10.52 per share during Q2.

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.