Latest news with #Brava
Yahoo
21-05-2025
- Business
- Yahoo
Maha Energy AB (LTS:0GEA) Q1 2025 Earnings Call Highlights: Strong Production Milestones Amid ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Maha Energy AB (LTS:0GEA) achieved a significant production milestone with Brava reaching 21,000 barrels of equivalent per day in Q1, and further expansion in April with Atlanta increasing production to 82,000 barrels per day. The company reported a strong financial position with over $106 million in cash and liquid investments, and it is debt-free. Operational efficiency improved with the lowest OpEx per barrel of $15, reflecting effective cost control measures. Maha Energy AB (LTS:0GEA) has a robust cash flow generation, with Brava delivering almost $500 million in revenue and $182 million in EBITDA. The company is focused on high-return projects, targeting investments with returns higher than 25%, particularly in the Illinois Basin. The company faces challenges in the Venezuelan market due to political uncertainties and is awaiting authorizations and contract negotiations. There is a natural production decline in the Illinois Basin, impacting revenue due to lower oil prices. Despite strong production figures, the stock price of Maha Energy AB (LTS:0GEA) is trading at a significant discount, indicating potential undervaluation. The company has limited ability to aggressively pursue share buybacks due to blackout periods and other financial commitments. Maha Energy AB (LTS:0GEA) is undergoing significant cost-cutting measures, including downsizing management and internal teams, which may impact operations. Warning! GuruFocus has detected 2 Warning Signs with LTS:0GEA. Q: Would Maha Energy be looking into investing in minerals as well? A: Yes, we are keen on exploring opportunities in the mineral space due to the solid track record of our major shareholders in this sector. We see a lot of potential in this area. (Respondent: Unidentified_2) Q: Is Illinois the only net back operator for Maha Energy? A: Yes, currently, Illinois Basin is our main operational asset. We are focusing on cost control and identifying high-return projects within the basin, especially in the current low oil price environment. (Respondent: Unidentified_2) Q: How can production in Brava be counted as Maha production? A: We present Brava's production on a pro forma basis. Although it's not directly our share, we support Brava in governance and expect to benefit through dividends as they deleverage. (Respondent: Unidentified_2) Q: Why doesn't Maha Energy buy back shares more aggressively? A: We believe Maha's share price is undervalued, but restrictions such as blackout periods limit our ability to buy back shares year-round. We plan to discuss and potentially renew the buyback program at the AGM. (Respondent: Unidentified_2) Q: Are you expecting further cash consumption for Brava investments this quarter? A: No, we are focused on cost control and expect to reduce cash consumption significantly. We've downsized management and internal teams to lower G&A expenses. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
CBS News
27-03-2025
- Entertainment
- CBS News
Nonprofit led by San Francisco woman helps revitalize Mission District theater
This week's CBS News Bay Area Icon Award winner is a woman credited with saving and revitalizing a cultural centerpiece in San Francisco's Mission District. Anastacia Powers Cuellar remembers the first time she visited the Brava Theater back in 1983. "I came to see a film about Machito. And John Santos was giving a lecture about the history of Latin jazz and salsa and I was just blown away," Powers Cuellar told CBS News Bay Area. She has never lost that sense of awe. Since 2012, she's led Brava! for Women in the Arts . The nonprofit highlights productions by women, the LGBTQ+ community, people of color, youth and other underrepresented voices. "Whether it was through the movies or live performances, it's always been a vortex of creative energy," Powers Cuellar said. The theater first opened in 1926 as a vaudeville stage and eventually became a movie house with ownership and name changes before Brava bought the building in 1996. But some 15 years later, a recession nearly dropped the curtain on the cultural centerpiece. "It was $2 million in debt; there were 25 liens on the property. It was very sad," she recalled Powers Cuellar was hired to save it. "I knew what this place meant in the community," she explained. Drawing on three decades' experience in the arts and administration, she secured grants and community partnerships. She led the effort to resuscitate the theater center, renovated its storefronts along 24th Street, and carved a new cabaret space. Jose Carrasco, director of the Loco Bloco performing arts group at Brava, had a front row seat to the transformative work of Powers Cuellar, also known as "Stacie." "It takes an important skill set of knowing how to work with people," Carrasco said. "I really couldn't tell you what the secret recipe is for Stacie, but she makes it happen." Today, 30,000 people come to more than 200 events a year at Brava, showcasing local artists in music, theater, dance and more. Brava provides affordable rental space to nonprofits. And it's home to youth performing arts and paid internships for teenagers learning production. Empress Kehinde Koyejo, one of a dozen resident artists at Brava, celebrates Powers Cuellar's gifts of collaboration and innovation. "As an artist, you need someone who can see and believe in you and say without question, 'Let's go ahead and do it,'" Koyejo said, smiling. After more than a dozen years as executive director, Powers Cuellar said she is ready to step down in June 2025. She urges people to continue to support Brava and the arts, especially in today's climate, when costs are rising, and utility bills alone have more than doubled in the last few years. Powers Cuellar said she is proud that she helped usher a new period of stability for the arts community. "And we need it for our heart and soul and well-being," she said. For saving and breathing new life into the Brava Theater Center, this week's CBS News Bay Area Icon Award goes to Anastacia Powers Cuellar.
