Dafinchi AI

Exxon Mobil Corporation

XOM

Energy & Utilities

2w

Financial Performance Summary

2025 project start-ups are expected to drive more than $3 billion of earnings in 2026 at constant prices and margin.
Chemical earnings showed resilience despite lower sequential margins, supported by feed flexibility, high-value products, and cost control.
ExxonMobil achieved the highest second quarter production since the Exxon and Mobil merger over 25 years ago.
Operating expenses excluding energy costs and production taxes remain lower than 2019 levels despite inflation and growth.
Permian Basin production reached a record 1.6 million oil equivalent barrels per day during the quarter.
The company has realized $1.4 billion in structural cost savings year-to-date, targeting $18 billion by 2030 off a 2019 basis.

The Williams Companies, Inc.

WMB

Energy & Utilities

2w

Financial Performance Summary

Growth CapEx is expected near the high end of guidance at just under $2.9 billion, reflecting accelerated project timelines.
Northeast Gathering & Processing (G&P) business increased by $22 million or 5%, despite the negative impact of the Aux Sable divestiture.
Overall volumes increased across segments, with Gulf gathering volumes up 17% and NGL production up 77%.
The company expects a 9% CAGR in adjusted EBITDA from 2020 through 2025.
Transmission and Gulf business segment improved by $91 million or 11%, driven by expansion projects and higher revenues.
Upstream business showed a $7 million increase, partially offset by lower oil prices.
West segment grew by $22 million or 7%, supported by higher Haynesville volumes and the Rimrock acquisition.
Williams raised its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, representing a cumulative $350 million increase since 2024 guidance.
Williams reported an 8% increase in adjusted EBITDA for Q2 2025, reaching $1.808 billion compared to $1.667 billion in Q2 2024.

Occidental Petroleum Corporation

OXY

Energy & Utilities

1w

Financial Performance Summary

Adjusted profit was $0.39 per diluted share, with reported profit at $0.26 per share.
Debt repayment of $7.5 billion achieved within 13 months of CrownRock acquisition, reducing interest expense by $410 million annually.
Free cash flow before working capital was approximately $700 million despite lower realized oil prices and market volatility.
Midstream & Marketing segment outperformed guidance, generating approximately $206 million above midpoint.
OxyChem pre-tax income came in below guidance due to weaker caustic and PVC pricing amid oversupply.
Oxy generated $2.6 billion of operating cash flow in Q2 2025, exceeding first half 2024 cash flow despite $11 per barrel lower WTI prices.

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.

Essential Utilities, Inc.

WTRG

Energy & Utilities

2w

Financial Performance Summary

Earnings per share increased 35.7% year-over-year, partially offset by higher O&M, depreciation, interest, and taxes.
Net income for the Gas business was $17.5 million for the quarter.
O&M expenses rose 4.2% year-over-year, mainly due to increased employee-related costs, bad debt expense, and legal expenses.
Purchased gas costs increased $23 million due to higher commodity prices and usage.
Revenues increased $80.5 million from $434.4 million to $514.9 million, with $44 million attributed to rates and surcharges.
Revenues increased 18.5% year-over-year, driven by favorable rate case outcomes, higher purchased gas costs, and increased gas volumes.
The company expects GAAP EPS to exceed the guidance range of $2.07 to $2.11 for 2025, largely due to several nonrecurring benefits.
The company reported GAAP earnings per share of $0.38 for Q2 2025, a 35% increase over the same quarter last year.

OGS

Energy & Utilities

1w

Financial Performance Summary

Interest expense decreased by $1.3 million compared to Q2 2024, driven by lower weighted average interest rates on commercial paper.
ONE Gas reported net income of $32 million or $0.53 per diluted share for Q2 2025, up from $27.2 million or $0.48 per diluted share in Q2 2024.
Operating and maintenance expenses rose 7.5% year-over-year, primarily due to higher labor costs and timing of expenses.
Revenue increased by approximately $21.1 million from new rates and $1.5 million from customer growth.
The company declared a quarterly dividend of $0.67 per share, unchanged from the previous quarter.

MDU Resources Group, Inc.

MDU

Energy & Utilities

1w

Financial Performance Summary

Electric utility earnings decreased to $10.4 million from $15.5 million due to higher payroll and outage costs, partially offset by increased commercial sales and rate relief.
MDU maintains a strong balance sheet with no equity needs in 2025 but plans to reestablish an ATM program to support a $3.1 billion capital investment over five years.
MDU Resources reported Q2 2025 income from continuing operations of $14.1 million or $0.07 per diluted share, down from $20.2 million or $0.10 per share in Q2 2024.
Natural gas utility posted a seasonal loss of $7.4 million, worsened by warmer weather and higher operating expenses, partially offset by rate relief and higher transportation revenue.
Pipeline segment earnings were $15.4 million, down from a record $17.3 million in 2024, impacted by higher operating expenses but supported by expansion projects and strong transportation demand.
Second quarter earnings were $13.7 million or $0.07 per share compared to $60.4 million or $0.30 per share in the prior year, impacted by the separation of Everus in October 2024.

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.

Unitil Corporation

UTL

Energy & Utilities

2w

Financial Performance Summary

Depreciation and amortization expenses rose by $7.4 million due to higher depreciation rates, increased utility plant, and amortization of storm and deferred costs.
Electric adjusted gross margin for the first half of 2025 was $53.3 million, up 2.5% or $1.3 million, driven by higher distribution rates and customer growth.
For the first six months of 2025, adjusted net income was $33.1 million or $2.03 per share, an increase of $1.6 million or $0.07 per share compared to the same period in 2024.
Gas adjusted gross margin increased 17.1% to $108.1 million for the first half of 2025, reflecting higher rates, customer growth including 8,800 customers from Bangor Natural Gas acquisition, and return to normal winter weather.
Income taxes increased slightly by $0.2 million reflecting higher pretax earnings.
Interest expense increased by $3.7 million due to higher long-term debt and regulatory liabilities, partially offset by lower short-term borrowing costs.
Operation and maintenance expenses increased by $7.1 million, including $1.7 million related to Bangor Natural Gas and $2.2 million in transaction costs (excluded from adjusted earnings).
Other expenses decreased by $1 million due to lower retirement benefit costs.
Unitil reported adjusted net income of $4.7 million and adjusted earnings of $0.29 per share for Q2 2025, up $0.4 million and $0.02 per share from Q2 2024.

ProPetro Holding Corp.

PUMP

Energy & Utilities

2w

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.

Oil States International, Inc.

OIS

Energy & Utilities

2w

Financial Performance Summary

Capital expenditures were $10 million, elevated due to construction of a new manufacturing facility in Batam, Indonesia.
Cash flow from operations grew 61% sequentially to $15 million; free cash flow was $8 million.
Completion and Production Services segment revenues were $29 million with adjusted EBITDA of $8 million and a 28% margin, benefiting from facility and equipment sale gains.
Downhole Technologies segment revenues were $29 million with $1 million adjusted EBITDA, impacted by noncash lease and impairment charges.
Net income was $3 million or $0.05 per share, including $3 million of charges and credits; adjusted net income was $5 million or $0.09 per share.
No borrowings were outstanding on the revolving credit facility as of June 30, 2025.
Offshore/Manufactured Products segment revenues were $107 million with adjusted EBITDA of $21 million and a 20% margin, up from 19% in Q1.
Oil States generated revenues of $165 million and adjusted consolidated EBITDA of $21 million in Q2 2025.
The company repurchased $7 million of common stock and $15 million of convertible senior notes during the quarter.