Financial Data and Key Metrics Changes - The company reported a net profit of $13.5 million for Q4 2025, compared to a net income of $1.1 million for Q4 2024, representing a significant increase [5] - EBITDA for Q4 2025 was $33.3 million, up from $21.3 million in Q4 2024 [5] - Operating revenues increased to $42.1 million in Q4 2025 from $29.6 million in Q4 2024, driven by higher time charter equivalent earnings [5] - Time charter equivalent earnings rose from $27,800 per day in Q4 2024 to $39,600 per day in Q4 2025 [5] - Cash distributions for the quarter totaled $0.30 per share [7] Business Line Data and Key Metrics Changes - The company converted index-linked time charters for 4 vessels to fixed rates at an average of $27,700 per day for the period from January 1 to March 31, 2026 [2] - A new time charter agreement for the Mount Elbrus was established at a fixed rate of $30,000 per day until June 30, 2026, with a subsequent conversion to an index-linked rate [3] Market Data and Key Metrics Changes - The Capesize and Newcastlemax market experienced the best start since 2010, attributed to large iron ore export volumes from Brazil and favorable weather conditions [10][11] - Year-over-year iron ore exports from Brazil and Australia increased by 18% and 9% respectively in Q4 [12] - The ton-mile for Capesize increased by 9% year-over-year, driven by a 21% increase in bauxite from Guinea and a 12% increase in iron ore trades [11] Company Strategy and Development Direction - The preferred commercial strategy is to charter out the majority of vessels on index-linked charters to capture market upside [8] - The company aims to maintain flexibility in converting to fixed rates when advantageous, with a focus on maximizing fleet performance [9] - The fleet of 12 modern Newcastlemaxes is positioned in the top 1% emission rating for large bulk dry carriers, emphasizing sustainability [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the structural changes in the Capesize and Newcastlemax trades, which could drive market growth [11] - The company noted that the current low order book and aging fleet present favorable supply dynamics for the next few years [16] - There is a clear visibility of supply for the next 3-4 years, making it challenging to add significant dry bulk capacity [16] Other Important Information - Cash and cash equivalents stood at $32.4 million at the end of Q4 2025, with a minimum cash requirement of $12.3 million under sale leaseback financing [6] - The outstanding balance on sale leaseback financing was approximately $700 million, down from $707 million at the end of Q3 2025 [6] Q&A Session Summary Question: Pricing power for upcoming renewals and average premium expectations - Management indicated that historically, higher premiums are easier to achieve in lower market conditions, and they are trying to time vessel renewals to capture better premiums in high markets [19][20] Question: Transition to new Capesize benchmark - Management confirmed that they will continue using the old index for now, as it is still linked to current FFAs, but acknowledged that changes may occur over time [21]

RGC Resources (NasdaqGM:RGCO) Q1 2026 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsKelsie Davenport - Director of FinancePaul Nester - President and CEOTim Mulvaney - VP, Treasurer, and CFOTommy Oliver - SVP of Regulatory and External AffairsOperatorThe host is recording this meeting. Line muted. Press pound pound 1 or hash hash 1 to speak.Kelsie DavenportGood morning, and thank you for joining us as we discuss RGC Resources 2026 first quarter results. I am Kelsie Davenport, Director of F ...

Danaos (NYSE:DAC) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsCliment Molins - Head of Shipping ResearchEvangelos Chatzis - VP, CFO, and Treasurer and SecretaryJohn Coustas - Chairman, President, and CEOOmar Nokta - Managing DirectorOperatorGood day and welcome to the Danaos Corporation conference call to discuss the financial results for the three-month-ended December 31st, 2025. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Exe ...

Financial Data and Key Metrics Changes - The company reported a net profit of $13.5 million for Q4 2025, compared to a net income of $1.1 million for Q4 2024, representing a significant increase [5] - EBITDA for Q4 2025 was $33.3 million, up from $21.3 million in Q4 2024 [5] - Operating revenues increased to $42.1 million in Q4 2025 from $29.6 million in Q4 2024, driven by higher time charter equivalent earnings [5] - Time charter equivalent earnings rose from $27,800 per day in Q4 2024 to $39,600 per day in Q4 2025 [5] - Cash distributions for the quarter totaled $0.30 per share [7] Business Line Data and Key Metrics Changes - The company converted index-linked time charters for 4 vessels to fixed rates at an average of $27,700 per day for the period from January 1 to March 31, 2026 [2] - A new time charter agreement for the Mount Elbrus was established at a fixed rate of $30,000 per day until June 30, 2026, with a subsequent conversion to an index-linked rate [3] Market Data and Key Metrics Changes - The Capesize market experienced a strong start in 2026, attributed to increased iron ore export volumes from Brazil and a lack of significant weather disruptions [11] - Year-over-year iron ore exports from Brazil and Australia increased by 18% and 9% respectively in Q4 2025 [12] - The ton-mile for Capesize vessels increased by 9% year-over-year, driven by a 21% increase in bauxite from Guinea and a 12% increase in iron ore trades [11] Company Strategy and Development Direction - The company aims to charter out the majority of its vessels on index-linked charters to capture market upside and maintain flexibility [8] - The fleet has traded at an average of 48% premium to the Baltic Capesize Index since inception, indicating strong commercial performance [9] - The company maintains a clear capital allocation structure and has achieved 27 consecutive monthly dividends [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the structural changes in the Capesize and Newcastlemax trades, which could drive market growth [11] - The company noted that the current Capesize and Newcastlemax fleet is aging, with 50% built between 2009 and 2015, leading to a favorable supply dynamic for the next few years [16] Other Important Information - Cash and cash equivalents stood at $32.4 million at the end of Q4 2025, with a minimum cash requirement of $12.3 million under sale leaseback financing [6] - The outstanding balance on sale leaseback financing decreased to approximately $700 million, down from $707 million in the previous quarter [6] Q&A Session Summary Question: Pricing power for upcoming renewals and average premium expectations - Management acknowledged that premiums tend to be higher in softer markets, and while they expect some discount in a $30,000-$40,000 market, they aim to time vessel renewals strategically [19][20] Question: Transition to new Capesize benchmark - Management confirmed that they will continue using the old index for now, as it is still linked to current FFAs, but acknowledged that a transition to new indexes will occur over time [21]

Medpace (NasdaqGS:MEDP) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Company ParticipantsAugust Troendle - CEOJesse Geiger - PresidentKevin Brady - CFOLauren Morris - Director of Investor RelationsConference Call ParticipantsAnn Hynes - Managing Director and Senior Healthcare Services Equity AnalystCharles Rhyee - Managing Director and Senior Equity Research AnalystChristine Raines - Healthcare Equity Research AnalystDan Clark - VP and Equity Research AnalystDan Leonard - Managing Director and Health ...

Danaos (NYSE:DAC) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker4Good day and welcome to the Danaos Corporation conference call to discuss the financial results for the three-month-ended December 31st, 2025. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Executive Officer of Danaos Corporation, and Mr. Evangelos Chatzis, Chief Financial Officer of Danaos Corporation. Dr. Coustas and Mr. Chatzis will be making some introductory comments, and then ...

LiveWire Group (NYSE:LVWR) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker6Thank you for standing by, and welcome to the Harley-Davidson 2025 fourth quarter investor and analyst conference call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Shawn Collins. Thank you. Please go ahead.Speaker8Thank you. Good morning. This is Shawn Collins, the Director of Investor Relations at Harley-Davidson. You can access the slides supporting today' ...

Pennantpark Floating Rate Capital (NYSE:PFLT) Q1 2026 Earnings call February 10, 2026 09:00 AM ET Speaker3It's now my pleasure to turn the call over to Mr. Art Penn, Chairman and Chief Executive Officer of PennantPark Floating Rate Capital. Mr. Penn, you may begin your conference.Speaker0Thank you, and good morning, everyone. Welcome to PennantPark Floating Rate Capital's first fiscal quarter 2026 earnings conference call. I'm joined today by Rick Allorto, our Chief Financial Officer. Rick, please start off ...

Himalaya Shipping (NYSE:HSHP) Q4 2025 Earnings call February 10, 2026 09:00 AM ET Speaker2Hello and welcome to Himalaya Shipping Q4 for 2025 conference call. For the first part of this call, all participants are in a listen-only mode. Afterwards there'll be a question-and-answer session. To ask a question during the Q&A, please press 5-star on your telephone keypad. This call is being recorded. I'll now turn the call over to CEO Lars-Christian Svensen. Please begin.Speaker1Thank you, operator. Welcome to th ...

Prospect Capital (NasdaqGS:PSEC) Q2 2026 Earnings call February 10, 2026 09:00 AM ET Speaker1day and welcome to the Prospect Capital second fiscal quarter 2026 earnings release and conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your ...