MGP Ingredients (NasdaqGS:MGPI) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAmit Sharma - VP of Investor RelationsBrandon Gall - CFOJulie Francis - CEOMitchell Pinheiro - SVP and Director of ResearchSeamus Cassidy - Equity Research AssociateConference Call ParticipantsBen Klieve - Senior Research AnalystMarc Torrente - AnalystSean McGowan - Managing Director and Senior Research AnalystOperatorGood day, welcome to the MGP Ingredients Fourth Quarter 2025 Financial Results Conferenc ...

Starwood Property Trust (NYSE:STWD) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsBarry Sternlicht - Co-Founder, Chairman, and CEOJeffrey DiModica - President and Managing DirectorRina Paniry - CFOSean Murdock - President of Starwood Infrastructure FinanceZachary Tanenbaum - COO and Head of Investor RelationsConference Call ParticipantsDon Fandetti - Managing Director and Senior Equity Research AnalystGabe Poggi - Senior Equity Research AnalystJade Rahmani - Managing Director and S ...

Federal Signal (NYSE:FSS) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsFelix Boeschen - Vice President of Corporate Strategy and Investor RelationsIan Hudson - SVP and CFOJennifer Sherman - President and CEOSteve Barger - Managing Director for Equity ResearchConference Call ParticipantsChris Moore - Senior Research AnalystGreg Burns - Senior Equity Research AnalystMike Shlisky - Managing Director and Senior Equity Research AnalystRoss Sparenblek - Research AnalystTim Thein - Manag ...

Volaris (NYSE:VLRS) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsEnrique Beltranena - Founder and CEOHolger Blankenstein - Executive Vice PresidentJaime Pous - CFOLiliana Juárez - Investor Relations ManagerConference Call ParticipantsNone - AnalystNone - AnalystNone - AnalystOperatorGood morning, everyone. Thank you for joining Volaris' Q4 and full year 2025 financial results conference call. All lines are currently in a listen-only mode. After the company's remarks, we'll open th ...

EOG Resources (NYSE:EOG) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAnn Janssen - CFODerrick Whitfield - Managing DirectorEzra Yacob - Chairman and CEOJeff Leitzell - COOKeith Trasko - SVP of Exploration and ProductionMatthew Portillo - Partner and Head of ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchPearce Hammond - VP of Investor RelationsPhillip Jungwirth - Managing DirectorScott Hanold - Managing DirectorSteve Richardson - Senior Managing DirectorCo ...

Financial Data and Key Metrics Changes - Passenger traffic decreased by 0.9% in Q4 2025 compared to Q4 2024, with a notable decline in Jamaica due to Hurricane Melissa [3][4] - Combined aeronautical and non-aeronautical service revenues increased by 12.8%, with aeronautical revenues growing by 12.6% and non-aeronautical revenues by 13.3% [5][6] - EBITDA increased by 7.5% to MXN 5.1 billion, with an EBITDA margin of 63.8%, reflecting higher concession fees and increased operational costs [6][7] - Net income declined due to higher financial expenses and lower interest income, alongside deferred tax adjustments [7] Business Line Data and Key Metrics Changes - In Mexico, commercial revenues were strong, particularly in cargo and warehouse operations, with significant contributions from food and beverage, retail, and ground transportation [6] - Non-aeronautical revenue per passenger increased to MXN 152 in 2025 from MXN 123 in 2024, indicating improved commercial execution and pricing optimization [8] Market Data and Key Metrics Changes - The impact of Hurricane Melissa led to a nearly 35% decrease in traffic in Jamaica during the quarter, although recovery is expected by the 2026 winter season [4][5] - The company anticipates passenger traffic growth of 2% to 5% in 2026, with aeronautical revenues projected to increase by 9% to 12% [14] Company Strategy and Development Direction - The company is focused on four growth pillars: strengthening connectivity, expanding commercial revenues, disciplined execution of infrastructure programs, and maintaining a long-term leverage strategy [15] - The business combination with CBX is expected to enhance operational efficiency and expand service capabilities, contributing positively to long-term value creation [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the Jamaican market despite recent challenges, with expectations for hotel capacity recovery [5][10] - The company remains disciplined in capital allocation, focusing on projects that align with strategic and financial return criteria [10][36] Other Important Information - The company closed 2025 with MXN 10.5 billion in cash and cash equivalents, having strengthened its capital structure through bond issuance [8][9] - CapEx for 2025 was MXN 12.4 billion, focusing on major terminal expansions and capacity enhancements [9] Q&A Session Summary Question: Can you provide details on Guadalajara and Puerto Vallarta cancellations and bookings? - Management reported significant cancellations initially but noted a recovery with only four cancellations in Puerto Vallarta and eleven in Guadalajara the following day [18][19] Question: Will there be an expansion in the U.S. beyond CBX? - Management indicated that the CBX platform opens opportunities for new investments in the U.S., with a focus on projects that generate shareholder value [20] Question: What is the expected timing for pending tariff adjustments? - Management outlined a series of tariff increases implemented throughout 2025, with additional increases expected in the summer [26][27] Question: Can you break down traffic increase expectations for Mexico and Jamaica? - Management expects a traffic increase of 2% to 5% in Mexico, while Jamaica is projected to see a recovery with a potential increase of -2% to 0% in passenger numbers [30][33] Question: What are the priorities for capital allocation now that the Turks and Caicos process is over? - Management emphasized a focus on the CBX project and exploring other opportunities in the cargo facilities business, maintaining a disciplined approach to capital allocation [36][37]

Financial Data and Key Metrics Changes - The fourth quarter net asset value (NAV) decreased by $654 million compared to the third quarter, despite an 11% increase in fund performance for the quarter [4] - For the year, the funds were approximately flat including refining hedges and up 7% excluding refining hedges [5] - The company maintained a cash balance of approximately $750 million at year-end, which has since increased to over $1.2 billion [9] Business Line Data and Key Metrics Changes - Energy segment's adjusted EBITDA was $51 million for Q4 2025, down from $99 million in Q4 2024, primarily due to low utilization in the fertilizer business [11] - Automotive service revenues decreased by $1 million compared to the prior year quarter, but same-store sales increased by 5% [11] - Real Estate's Q4 2025 adjusted EBITDA increased by $6 million, driven by intercompany income from the auto segment [12] - Food Packaging's adjusted EBITDA decreased by $8 million due to lower volume and higher manufacturing inefficiencies [12] - Home Fashion's adjusted EBITDA decreased by $5 million due to softening demand in the U.S. retail and hospitality business [13] - Pharma's adjusted EBITDA decreased by $4 million due to reduced sales from generic competition [13] Market Data and Key Metrics Changes - The refining outlook remains optimistic due to limited global capacity expansions and new pipeline projects that should improve regional profitability [4] - The automotive segment is focusing on product, pricing, labor, and distribution strategy to enhance revenue [11] Company Strategy and Development Direction - The company is taking a more cautious view of the market, preferring defensive names that benefit from AI build-out [9] - The board declared an unchanged distribution at $0.50 per depository unit, indicating a stable approach to shareholder returns [10] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the medium-term refining outlook despite share price declines in CVI [4] - The company is focused on building asset value and maintaining liquidity to capitalize on opportunities [14] Other Important Information - The company has taken steps to reduce corporate debt by calling in the remaining balance of the 2026 maturities [10] - A new CEO was appointed for the Food Packaging segment to lead through a transformative period [12] Q&A Session Summary - No specific questions or answers were recorded in the provided content, indicating a lack of engagement during the Q&A segment [15][16]

Financial Data and Key Metrics Changes - In Q4 2025, total operating revenues reached $882 million, a 5.6% increase compared to the same quarter in 2024, driven by a recovery in cross-border travel and diversification of revenues [20][21] - The full-year total operating revenues for 2025 were $3 billion, reflecting a 3% decrease from 2024 [24] - EBITDA for Q4 was $328 million with a margin of 37.2%, while full-year EBITDA totaled $988 million, a 13% decrease with an EBITDA margin of 32.5% [24][25] - CASM (Cost per Available Seat Mile) was $0.0829, a 3.2% increase, while CASM ex-fuel was $0.0576, up 1.4% year-over-year [22] Business Line Data and Key Metrics Changes - Ancillary revenues comprised 56% of total operating revenues, indicating a strong performance in this area [4] - The international load factor reached 79% in Q4, up from 77.5% in the first nine months of the year, while the domestic load factor was 89.8% [5][12] Market Data and Key Metrics Changes - The cross-border market showed stable recovery, with improved travel sentiment and positive results from capacity deployment [5][12] - The company plans to allocate most of its incremental capacity to international markets, which now represent approximately 42% of total capacity [19] Company Strategy and Development Direction - The company aims to stimulate demand through its low-fare model, focusing on profitable growth and capital efficiency [6] - A proposed airline group with Viva is expected to enhance access to low-fare travel in domestic and cross-border markets while preserving brand identity [9][10] - The company anticipates a 7% ASM (Available Seat Mile) growth for 2026, with a focus on disciplined capacity deployment [6][31] Management's Comments on Operating Environment and Future Outlook - Management noted that the Mexican economy is showing signs of improvement, with better-than-expected inflation and recovery in consumption trends [6] - The company expects to see a reduction in grounded aircraft and improved fleet productivity as it moves into 2026 [30] Other Important Information - The company ended Q4 with a liquidity position of $774 million, representing 25.5% of the last twelve months' total operating revenues [26] - The average age of the fleet is 6.6 years, with 66% being fuel-efficient newer models [27] Q&A Session Summary Question: What were the key drivers behind the reported tax rate of 89% in the quarter? - The tax rate reflects the application of the actual tax rate for the year, with an effective tax rate of 11.8% for the full year [42][43] Question: How should the 7% capacity growth for 2026 be viewed in terms of domestic versus international mix? - The capacity growth will be skewed towards international markets, with domestic growth expected to be in the low to mid-single digits [45][46] Question: What does the flat fleet count through 2030 mean for multi-year capacity growth and potential CapEx? - The company expects to grow capacity by 7% over the next five years, with growth coming from unproductive fleet being put into service [49][50]

SLR Investment (NasdaqGS:SLRC) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker4Please note this call is being recorded. It is now my pleasure to turn the meeting over to Mr. Michael Gross, Chairman and Co-CEO. Please go ahead, sir.Speaker3Thank you very much, and good morning. Welcome to SLR Investment Corp.'s earnings call for the quarter and year-ended December 31st, 2025. I'm joined today by my long-term partner, Bruce Spohler, our Co-Chief Executive Officer, as well as our Chief Financial Of ...

Par Pacific (NYSE:PARR) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker5Please note this event is being recorded. I would now like to turn the conference over to Ashimi Patel, Vice President of Investor Relations. Please go ahead.Speaker1Thank you, Drew. Welcome to Par Pacific's fourth quarter earnings conference call. Joining me today are Will Monteleone, President and Chief Executive Officer, Richard Creamer, EVP of Refining and Logistics, and Sean Flores, SVP and Chief Financial Officer. Befo ...