Alectra Raises $185,000 for The Princess Margaret Cancer Foundation in annual Ride to Conquer Cancer
MISSISSAUGA, Ontario, June 11, 2025 (GLOBE NEWSWIRE) -- For the ninth consecutive year, Alectra team members geared up for the Ride to Conquer Cancer, cycling more than 200 kilometres from Toronto to Niagara Falls in support of life-saving cancer research at the Princess Margaret Cancer Foundation.
With a team of 60 riders, Alectra raised $185,000 for the cause, once again demonstrating its ongoing commitment to community and cancer care advancement.
'The passion and perseverance our employees bring to this ride every year is inspiring,' said Brian Bentz, President and Chief Executive Officer, Alectra Inc. 'Cancer affects all of us in some way, and fund-raising for the Princess Margaret Cancer Foundation means supporting hope, innovation and progress toward a cure.'
Ranked among the top five cancer research centres in the world, the Princess Margaret Cancer Centre treats over 200 types of cancer. Funds raised through the Ride directly support breakthrough research, advanced treatments and improved outcomes for patients in Canada and beyond. Since its launch in 2008, the Ride to Conquer Cancer has raised over $300 million.
Since 2017, Alectra and its employees have raised $970,000 in support of the Ride to Conquer Cancer – a testament to the company's enduring commitment to health, hope and community.
To learn more about Alectra's community support initiatives, visit: alectra.com/community.
About Alectra's Family of Companies
Serving more than one million homes and businesses in Ontario's Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions.
Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow's energy future.
X: https://twitter.com/alectranewsFacebook: https://www.facebook.com/alectranews/Instagram: https://www.instagram.com/alectranews/?hl=enLinkedIn: https://www.linkedin.com/company/16178435/admin/YouTube: https://www.youtube.com/alectranewsBluesky: https://bsky.app/profile/alectranews.bsky.social
Media Contact
Ashley Trgachef, Media Spokesperson, ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1-833-MEDIA-LN
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8f3dd71d-2891-455c-beae-bdc64eea6866
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Definitions Organic net sales is defined respectively as net sales excluding the recent acquisitions of Katsa and Kobelt while adjusting for the effects of foreign currency exchange. Earnings before interest, taxes, depreciation, and amortization (EBITDA) is calculated as net earnings or loss excluding interest expense, the provision or benefit for income taxes, depreciation, and amortization expenses. Net debt is calculated as total debt less cash. Free cash flow is calculated as net cash provided (used) by operating activities less acquisition of fixed assets. 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issued: none; no par value - - Common shares authorized: 30,000,000; issued: 14,632,802; no par value 42,269 41,798 Retained earnings 125,414 129,592 Accumulated other comprehensive loss 3,730 (6,905 ) 171,413 164,485 Less treasury stock, at cost (482,181 and 637,778 shares, respectively) 7,402 9,783 Total Twin Disc, Incorporated shareholders' equity 164,011 154,702 Noncontrolling interest 380 352 Total equity 164,391 155,054 Total liabilities and equity $ 355,562 $ 312,058 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands; unaudited) June 30, 2025 June 30, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (1,599 ) $ 11,246 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 14,899 9,981 Gain on sale of assets (98 ) (91 ) Loss on write-down of industrial product inventory 1,579 - Loss on sale of boat management product line and related inventory - 3,099 Gain on Katsa acquisition (3,724 ) Restructuring charges 39 (82 ) Benefit for deferred income taxes (1,581 ) (560 ) Stock compensation expense and other non-cash changes, net 4,107 3,836 Net change in operating assets and liabilities 6,633 10,011 Net cash provided by operating activities 23,979 33,716 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant, and equipment (15,157 ) (8,707 ) Acquisition of Katsa, less cash acquired (17,236 ) - Acquisition of Kobelt, less cash acquired - (23,178 ) Proceeds from sale of property, plant, and equipment 147 - Other, net (653 ) (184 ) Net cash used by investing activities (32,899 ) (32,069 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings under long-term debt agreement 6,500 - Borrowings under revolving loan arrangements 122,264 90,534 Repayments of revolving loan arrangements (122,264 ) (81,109 ) Repayments of other long-term debt (2,500 ) (2,010 ) Dividends paid to shareholders (2,284 ) (1,695 ) Dividends paid to noncontrolling interest (306 ) (254 ) Payments of right-of-use finance lease obligations (1,119 ) (921 ) Payments of withholding taxes on stock compensation (1,256 ) (1,791 ) Net cash (used) provided by financing activities (965 ) 2,754 Effect of exchange rate changes on cash 5,924 2,406 Net change in cash (3,961 ) 6,807 Cash: Beginning of period 20,070 13,263 End of period $ 16,109 $ 20,070 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Enhanced Oil Recovery (EOR) Demand With many oilfields maturing, EOR techniques relying on advanced surfactants, polymers, and chemical mixtures are increasingly utilized to extract more from existing reservoirs and extend their productive lives. 3. Digitalization & Smart Chemical Management Oil and gas producers are integrating digital tools such as real-time monitoring, IoT-enabled dosing systems, and data analytics platforms to optimize chemical usage, reduce waste, and enhance overall operational efficiency. 4. Deepwater & Offshore Market Expansion As exploration and production activity shifts into deeper and more challenging offshore environments, demand for high-performance chemicals (like hydrate inhibitors and corrosion-control agents) that can withstand extreme conditions continues to escalate. ➤ Oilfield Chemicals Market Opportunity: Emergence of Advanced Technologies: There are promising opportunities in the oilfield chemicals market due to the breakthrough in the oil field technologies, such as horizontal drilling, oil field fracturing, and the use of enhanced oil recovery (EOR) methods. Moreover, as more oil and gas companies are concentrated on maximizing production rates and recovery factors on the existing wells and reservoirs, the need for advanced production chemicals will keep increasing. Also, there is an increasing uptake of more environmentally friendly and biodegradable oilfield chemicals to comply with regulatory laws and sustainability targets of the industry. Oilfield Chemicals Market Challenges Stricter Regulations: The changing and tougher chemical regulations put in place by various countries are one of the main limiting factors to the oilfield chemicals market. Compliance with various national regulations involves documentation, testing, and reformation, which proves to be costly in operation and reduces product deployment. Such regulatory complexity has become a significant challenge to manufacturers and suppliers, especially within the context of the costs of finding products and cross-border trade. Scope of Oilfield Chemicals Market Report Attributes Key Statistics Market Size in 2024 USD 32.07 Billion Market Size in 2025 USD 33.42 Billion Market Size in 2031 USD 43.65 Billion Market Size by 2034 USD 50.24 Billion CAGR 2025 to 2034 4.5% Leading Region in 2024 Middle East and Africa Base Year 2024 Forecast Period 2025to 2034 Segments Covered Product, Application, Location and Region Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa Key Players Covered SMC Global, BASF SE, Solvay, BERRYMAN CHEMICAL, Thermax Limited, Oilfield Chemicals, SVS Chemical Corporation LLP, SEATEX LLC, Kemira, Hawkins, Chemiphase, SicagenChem, SAHARA Middle East Petroleum Services, Ltd., and Others. ➡️ Become a valued research partner with us ☎ Oilfield Chemicals Market Key Regional Analysis How Middle East and Africa Dominated the Oilfield Chemicals Market? The Middle East and Africa dominated the oilfield chemicals market in 2024. Saudi Arabia, Iraq, and the UAE are some of the leading oil producers in the world, and their output level always remains high, a factor that necessitates high quantities of oilfield chemicals. The chemicals are essential in maximising the efficiency of the production, ensuring well integrity, and solutions to operational issues such as corrosion, scale, and wax deposition. Investment in strategic projects and technology relationships, and the emphasis on better production rates and lengthening the lifetime of mature fields, also serve to enhance the dominance in the region. Why is North America the Fastest-Growing market in the Oilfield Chemicals Market? North America experiences the fastest growth in the market during the forecast period. Advanced hydraulic fracturing and horizontal drilling have created a drastic increase in shale gas and tight oil production in the region, and especially in the United States. In the U.S., there is also a growth in exploration and production activities in the energy sector, as enabled by government policies and investment by several privately owned enterprises. North America's oilfield operations, due to their innovation and resource endowment, make it the fastest-growing regional market for oilfield chemicals. Oilfield Chemicals Market Segmentation Analysis: Product Analysis: Why did the Biocides Segment Dominate the Oilfield Chemicals Market? The biocides segment dominated the oilfield chemicals market in 2024, owing to the critical functions of such chemicals in preventing certain microbes in the course of drilling, hydraulic fracturing, and production processes. Increased focus on sustainable operations led to the development of eco-friendly, biodegradable formulations of biocides to comply with items requirements in the environment. Further, the development of monitoring/control technologies has made it more appropriate to identify and control microbiological problems more effectively and optimally utilize chemicals. Application Analysis: Which Application Segment Held the Largest Share of the Oilfield Chemicals Market? The workover and completion segment held the largest share in the oilfield chemicals market in 2024. Workover and completion are diverse intervention processes that entail well cleaning, perforating, stimulation, and repairs, among others, which are intended to enhance efficient production and proper functioning of wells. The idea of increasing the lifespan of the mature wells and the maximization of already existing reservoirs strengthens the dominance of this segment. The combination of these factors, together with the advancement in chemical formulations geared to complex interventions. The production chemicals segment experiences the fastest growth in the market during the forecast period, driven by the increase in the desire to maximize the efficiency of oil and gas production. The chemicals used as part of production are also known as production chemicals; they include those used as demulsifiers, corrosion inhibitors, scale inhibitors, and biocides, which are vital in ensuring that there is flow assurance, protection of infrastructure, and minimization of downtimes in the operation. The development of this sector closely relates to growing energy demand across the globe and an increase in both traditional and non-traditional production of oil and gas, especially in shale gas and tight oil plays. Global Oilfield Chemicals Market Size (USD Million) By Application, 2022 to 2024 Application 2022 2023 2024 Drilling Fluid 5,574.9 5,761.5 5,965.6 Production Chemicals 5,990.0 6,254.4 6,542.9 Cementing 3,232.2 3,342.9 3,463.9 Workover & Completion 14,856.4 15,451.2 16,100.8 Location Analysis: How the Onshore Segment Dominates the Oilfield Chemicals Market? The onshore segment dominated the oilfield chemicals market in 2024 because of the large number of new and ongoing onshore oil and gas projects in the world. Onshore activity often needs the use of chemicals like demulsifiers, corrosion inhibitors, and scale removers to guarantee the best oil recovery and productivity of the production. These chemicals have proven beneficial in achieving a quick separation rate in crude oil through the elimination of water, thereby making the downstream water treatment expensive and complicated. The growing world energy demand and the development of new technology in onshore drilling and extraction. Global Oilfield Chemicals Market Size (USD Million) By Location, 2022 to 2024 By Location 2022 2023 2024 Onshore 20,787.1 21,613.2 22,515.4 Offshore 8,866.4 9,196.8 9,557.8 ➡️ Related Topics You May Find Useful: ✚ Specialty Oilfield Chemicals Market See how advanced formulations are enhancing drilling efficiency and sustainability ✚ Oilfield Equipment Market Track investments in rigs, drilling systems, and next-gen extraction technologies ✚ Specialty Chemicals Market Discover how tailored formulations are reshaping industrial performance and innovation ✚ Paraffin Inhibitors Market Understand how wax control solutions are ensuring flow assurance in oilfields ✚ Digital Oilfield Market Explore how IoT, AI, and data analytics are redefining oil and gas operations ✚ Detergent Chemicals Market Analyze shifting consumer preferences for eco-friendly and high-performance cleaning agents ✚ Textile Chemicals Market Gain insight into how sustainability and innovation are transforming fabric processing ✚ Pharmaceutical Chemicals Market See how drug development and biotech growth are fueling chemical demand ✚ Cosmetic Chemicals Market Track rising consumer demand for safe, natural, and functional beauty ingredients ✚ Biosurfactants Market Discover how bio-based alternatives are reshaping the future of surfactants ✚ Basic Chemicals Market Understand the backbone role of bulk chemicals in industrial and consumer sectors ✚ Pine Derived Chemicals Market Explore demand growth for natural resins, adhesives, and sustainable additives ✚ Crop Protection Chemicals Market Analyze how farmers are adopting advanced solutions to boost agricultural yields ✚ Produced Water Treatment Market See how oil and gas operators manage water sustainability and regulatory compliance ✚ Oil and Gas Infrastructure Market Track investments in pipelines, storage, and energy transport networks ✚ Aroma Chemicals Market Discover how fragrances and flavors are driving growth across food, cosmetics, and wellness Oilfield Chemicals Market Leading Companies SMC Global BASF SE Solvay BERRYMAN CHEMICAL Thermax Limited Oilfield Chemicals SVS Chemical Corporation LLP SEATEX LLC Kemira Hawkins Chemiphase SicagenChem SAHARA Middle East Petroleum Services, Ltd. Recent Developments: In July 2025, Versalis Eni was introduced on the stock market, the chemical company that recently transferred to a group company called Versalis Oilfield Solutions S.r.l. The move unifies knowledge, scientific research, and activities related to strategic direction under a single unit, which increases the effectiveness of using time to improve performance and strength in the development and marketing of sophisticated chemical formulas to the oil drilling sector. In March 2024, BASF announced that it was going to increase the capacity of its Basoflux paraffin inhibitors produced at its La Canonja plant. The newly ventured investment will satisfy the growing demand for the advanced paraffin inhibitors in the oil and gas sector globally, hence it will have enhanced supply capabilities and future market growth. In February 2024, Kraton Corporation introduced a new range of bio-based hydrocarbon oils, SYLVASOLV, that provides high performance and environmental advantages. With an industrial focus such as agrochemicals, adhesives, and lubricants, SYLVASOLV fits in with the rising need for sustainability, but at the same time provides the solution of higher functionality to customers with a focus on sustainability in industry. Oilfield Chemicals Market Segments Covered in the Report By Product Demulsifiers Inhibitors Rheology Modifiers Friction Reducers Biocides Surfactants Foamers Others By Application Drilling Fluid Production Chemicals Cementing Workover & Completion By Location Onshore Offshore By Region North America Europe Asia-Pacific Latin America Middle East and Africa Thank you for reading. 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