CoreCivic (CXW) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the CoreCivic First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated consolidated adjusted EBITDA of approximately $1.9 billion, distributable cash flow of approximately $1.3 billion, and net income of approximately $350 million, reaffirming the full year 2025 guidance provided in the previous call [7][36][42] - Compared to Q1 2024, the results reflect higher total margins due to increased international gas prices and optimization of cargo sales [36][42] Business Line Data and Key Metrics Changes - The company achieved substantial completion on the first train of the Corpus Christi Stage three project ahead of schedule and within budget, with overall project completion at 82.5% [7][8] - The company produced and sold approximately 6 TBtu of LNG attributable to the commissioning of Train one of the Stage three project, which is not recognized in income or EBITDA but offsets CapEx [36] Market Data and Key Metrics Changes - LNG imports into Europe rose 23% year on year in Q1 to 36 million tons, with U.S. deliveries increasing 34% to 20.5 million tons [25] - China's LNG imports declined 25% year on year to 15.1 million tons, influenced by stronger domestic production and increased pipeline gas imports [27] Company Strategy and Development Direction - The company is focused on expanding its LNG platform and developing new production capacity to meet global energy demands, while navigating geopolitical risks and market volatility [6][12] - The company aims to achieve first LNG from Train two by the end of the month and expects Train four to be commissioned by the end of the year [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term LNG demand outlook, emphasizing the importance of U.S. LNG in global energy supply [12][44] - The company remains insulated from short-term market volatility due to its highly contracted business model [12][44] Other Important Information - The company has locked in over $500 million of costs for midscale trains eight and nine, mitigating risks associated with inflation and tariffs [14][41] - The company has repurchased approximately 1.6 million shares for about $350 million, with a remaining buyback authorization of approximately $3.5 billion [37] Q&A Session Summary Question: Current contracting market and trade agreements - Management highlighted the strong position of the company in the LNG market, emphasizing robust commercial engagements and a selective approach to partnerships [52][54] Question: Competitive advantage in the marketplace - Management noted that the company does not compete directly with suppliers like Qatar, focusing instead on differentiated opportunities and strong customer relationships [57][58] Question: Permitting process and future projects - Management discussed the administration's focus on permitting reform and the positive progress made with FERC permits for midscale trains eight and nine [61][63] Question: Vulnerability to LNG supply shocks in 2025 - Management acknowledged Europe's vulnerability due to low inventories and emphasized the company's role in supplying LNG to the region [64][66] Question: 2020 Vision capital allocation update - Management confirmed that the company is on track to exceed the $20 billion deployment target before 2026, with significant progress in debt paydown and share buybacks [70][71] Question: Future contracting strategy in light of global trade realignment - Management reiterated the importance of Chinese counterparties while emphasizing that U.S. volumes to China are not critical to the company's strategy [80][82]

APA (APA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 thank you for standing by. Welcome to the APA Corporation's First Quarter twenty twenty five Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Ben Rogers, Senior Vice President of Finance and Treasur ...

Tetra Tech (TTEK) Q2 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning and thank you for joining the Tetra Tech Earnings Call. As a reminder, Tetra Tech is also simulcasting this presentation with slides in the Investors section of its website at tetratech.com. This call is being recorded at the request of Tetra Tech, and this broadcast is the copyrighted property of Tetra Tech. Any rebroadcast of this information in whole or part without the prior written permission of Tetra Tech is prohibi ...

Murphy USA (MUSA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Murphy USA First Quarter twenty twenty five Earnings Conference Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and answer session. As a reminder, this conference call is being recorded. I would now like to turn the call over to Christian Pikel, Vice President of Investor Relations. Thank you. Please go ahead. Speaker1 Yes. Great. Thank you, Jul ...

Helmerich & Payne (HP) Q2 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Please stand by. Your program is about to begin. Good day, everyone, and welcome to the H and P fiscal second quarter earnings call. At this time, all participants are in a listen only mode. Later, you will have the opportunity to ask questions during the question and answer session. It assistance. It is now my pleasure to turn the conference over to Dave Wilson, Vice President, Investor Relations. Please go ahead. Speaker1 Thank ...

CF Industries (CF) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Mr. Martin Jurassic, Vice President, Treasury and Investor Relations. Please go ahead. Speaker1 Good morning, and thanks for joining the CF Industries earnings conference call. With me today are Tony Will, President and CEO Chris Bohn, Executive Vice President and Chief Operating Officer Bert Frost, Executive Vice President of Sales, Market Deve ...

Monroe Capital (MRCC) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Welcome to Monroe Capital Corporation's First Quarter twenty twenty five Earnings Conference Call. Before we begin, I would like to take a moment to remind our listeners that remarks made during this call today may contain certain forward looking statements, including statements regarding our goals, strategies, beliefs, future potential, operating results and cash flows. Although we believe these statements are reasonable based on ...

Fidelity National Financial (FNF) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to FNF's first quarter twenty twenty five earnings call. During today's presentation, all callers will be placed in listen only mode. Following management's prepared remarks, the conference will be open for questions with instructions to follow at that time. I would now like to turn the call over to Lisa Foxworthy Puck, SVP, Investor and External Relations. Please go ahead. Speaker1 Thanks, op ...

Farmland Partners (FPI) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Thank you for standing by. My name is Amy, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Farmland Partners First Quarter twenty twenty five Earnings a It is now my pleasure to turn the call over to Luca Fabri, the President and CEO with Farmland Partners. You may begin. Speaker1 Thank you, Amy. Good morning, and welcome everybody to Farmland Partners first quarter twenty ...