
Intermap Announces Date for Second Quarter Earnings
Intermap's CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar on Thursday, August 14, 2025 at 5:00 pm ET to review the results, provide Company updates and answer investor questions following the presentation.

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What does the future hold for N.W.T.'s Ekati diamond mine?
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Montreal Gazette
6 hours ago
- Montreal Gazette
Accord Announces Banking Facility Update
By Accord Announces Banking Facility Update For further information, please visit or contact: Irene Eddy Senior Vice President, Chief Financial Officer Accord Financial Corp. 602 – 40 Eglinton Avenue East Toronto, ON M4P 3A2 (416) 961-0304 ieddy@ Accord Financial Corp. ("Accord" or the "Company") (TSX– ACD) today announced that it has reached an agreement with its lending syndicate on a second short-term extension of its main credit facility to August 15, 2025, following the initial extension from July 26, 2025 to August 8, 2025. The Company and its lenders are in discussions relating to an amendment to the credit facility which is expected to extend the maturity date to December 2025; the extension will provide additional time for the amendment to be finalized. About Accord Financial Corp. Accord Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions for including asset-based lending, factoring, inventory finance, equipment leasing (Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. Forward-Looking Statements This news release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company, and the extension of the Company's credit facilities. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the fact that there is no assurance on the ability of the Company to enter into arrangements with its lenders to further extend the maturity date of its credit facilities on reasonable terms, or at all, and the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due, and those risks identified in the Accord's periodic filings with Canadian securities regulators. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. This story was originally published


Globe and Mail
11 hours ago
- Globe and Mail
Energy Transfer's Mixed Q2 2025 Earnings Call Insights
Energy Transfer Equity ((ET)) has held its Q2 earnings call. Read on for the main highlights of the call. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Energy Transfer's recent earnings call painted a mixed picture of the company's financial health. While the company celebrated record EBITDA and announced significant new projects, particularly in the natural gas sector, there were also areas of concern. Segments like NGL and crude oil experienced declines, and the adjusted guidance due to weaker than anticipated performance in certain areas suggests a cautious outlook. Record Adjusted EBITDA Energy Transfer reported an adjusted EBITDA of $3.9 billion for Q2 2025, marking an increase from $3.8 billion in Q2 2024. This growth trend highlights the company's robust financial performance, despite challenges in some segments. Desert Southwest Pipeline Project In a significant development, Energy Transfer announced a new 516-mile, 42-inch pipeline project. This $5.3 billion investment is expected to enhance system reliability by transporting 1.5 Bcf/day from the Permian Basin to Phoenix, Arizona, underscoring the company's commitment to expanding its infrastructure. Permian Basin Processing Expansion The successful commissioning of the Lenorah II and Badger processing plants has led to record processing volumes of nearly 5 Bcf/day. This expansion in the Permian Basin is a testament to Energy Transfer's strategic focus on increasing capacity and efficiency. Lake Charles LNG Project Progress Energy Transfer has made substantial progress with the Lake Charles LNG project. The company has secured HOAs with MidOcean Energy and long-term SPAs with Kyushu Electric Power Company and Chevron USA, indicating strong demand and strategic partnerships. Hyperscaler Agreement for Data Centers In a move to boost its gas supply capabilities, Energy Transfer signed a significant agreement with a hyperscaler. This agreement increases the gas supply from 80,000 to 380,000 a day, with potential for further growth, highlighting the company's adaptability and forward-thinking approach. NGL and Refined Products EBITDA Decline The NGL and refined products segment reported a decline in adjusted EBITDA to $1 billion from $1.1 billion in Q2 2024. This decrease was attributed to lower gains from the optimization of hedged NGL and refined product inventories, reflecting challenges in this segment. Crude Oil Segment Revenue Decline The crude oil segment also faced challenges, with adjusted EBITDA falling to $732 million from $801 million in Q2 2024. This decline was mainly due to lower transportation revenues on the Bakken pipeline, indicating a need for strategic adjustments. Guidance Adjustment Energy Transfer adjusted its guidance to be at or slightly below the lower end of the range of $16.1 billion to $16.5 billion. This adjustment reflects weaker than expected performance in the Bakken and Permian crude businesses, highlighting the company's cautious outlook for the future. In conclusion, Energy Transfer's earnings call revealed a company navigating through both achievements and challenges. While there is optimism with record EBITDA and new projects, the declines in certain segments and adjusted guidance suggest a need for strategic focus and adaptability. Investors will be keen to see how Energy Transfer addresses these challenges moving forward.