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Business Wire
15 hours ago
- Business
- Business Wire
Woodside Energy Releases Second Quarter Report for Period Ended 30 June 2025
1 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025. 2 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $10 million in Q2 2024 and -$14 million in YTD 2024. These amounts will be included within other income/(expenses) in the Financial Statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 3 Q2 2025 includes 0.28 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector. 4 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.19 MMboe in Q2 2024 and -0.09 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 5 Includes capital additions on property plant and equipment, evaluation capitalised and other corporate spend. Exploration capitalised has been reclassified from capital expenditure to other expenditure. 6 Capital expenditure for Louisiana LNG is presented as a net figure inclusive of cash contributions received from Stonepeak representing their share of the project's capital expenditure to date. Q2 2025 includes a $1,870 million cash contribution. 7 Completion of the transaction is subject to conditions precedent. 8 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025. 9 The project has received funding from the Hydrogen Fuelled Transport Project Funding Process as part of the Western Australian Government's Renewable Hydrogen Strategy. 10 Energy supply may include hydrogen, natural gas and/or electricity. 11 Woodside uses this term to describe the characteristic of having lower levels of associated potential greenhouse gas emissions when compared to historical and/or current conventions or analogues, for example relating to an otherwise similar resource, process, production facility, product or service, or activity. When applied to Woodside's strategy, please see the definition of lower-carbon portfolio in Woodside's 2024 Annual Report. 12 Major Project Status is the Australian Government's recognition of a project's national significance through its contribution to strategic priorities, economic growth, employment, or to regional Australia. 13 Targets are for net equity Scope 1 and 2 greenhouse gas emissions relative to a starting base of 6.32 Mt CO 2 -e which is representative of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets. 14 This means net equity for the 12-month period ending 31 December 2025 are targeted to be 15% lower than the starting base. 15 Gas hub indices include Japan Korea Marker (JKM), TTF and National Balancing Point (NBP). It excludes Henry Hub. 16 Capital expenditure includes the following participating interests; Scarborough (74.9%), Pluto Train 2 (51%) and Trion (60%). It excludes the remaining Beaumont New Ammonia acquisition expenditure and Louisiana LNG expenditure. This guidance assumes no change to these participating interests in 2025. This excludes the impact of any subsequent asset sell-downs, future acquisitions or other changes in equity. 17 Q2 2025 includes 1.69 MMboe of LNG, 0.09 MMboe of condensate and 0.05 MMboe of NGL processed at the Karratha Gas Plant (KGP) through the Pluto-KGP Interconnector. 18 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 19 Q2 2025 includes 0.28 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector. 20 Overriding royalty interests held in the USA for several producing wells. 21 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.19 MMboe in Q2 2024 and -0.09 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 22 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 23 Overriding royalty interests held in the USA for several producing wells. 24 Purchased volumes sourced from third parties. 25 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $10 million in Q2 2024 and -$14 million in YTD 2024. These amounts will be included within other income/(expenses) in the financial statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements. 26 Includes the impact of periodic adjustments related to the production sharing contract (PSC). 27 Overriding royalty interests held in the USA for several producing wells. 28 Values include revenue generated from purchased LNG and Liquids volumes, as well as the marketing margin on the sale of Woodside's produced LNG and Liquids portfolio. Marketing revenue excludes hedging impacts and cargo swaps where a Woodside produced cargo is sold and repurchased from the same counterparty to optimise the portfolio. The margin for these cargo swaps is recognised net in other income. 29 Referred to as 'Revenue from sale of hydrocarbons' in Woodside financial statements. Total sales revenue excludes all hedging impacts. 30 Excludes any additional benefit attributed to produced volumes through third-party trading activities. 31 Project final investment decisions result in amounts of previously capitalised exploration and evaluation expense (from current and prior years) being transferred to property plant & equipment. This table does not reflect the impact of such transfers. 32 Other primarily incorporates corporate spend including SAP build costs, other investments and other capital expenditure. 33 Capital expenditure for Louisiana LNG is presented at 100% working interest equity. 34 Cash contributions received from Stonepeak represent their share of the project's capital expenditure since the effective date of 1 January 2025. 35 Exploration capitalised has been reclassified from capital expenditure to other expenditure. Exploration capitalised represents expenditure on successful and pending wells, plus permit acquisition costs during the period and is net of well costs reclassified to expense on finalisation of well results. 36 Includes seismic and general permit activities and other exploration costs. 37 Woodside share reflects the net realised interest for the period. 38 The Wheatstone asset processes gas from several offshore gas fields, including the Julimar and Brunello fields, for which Woodside has a 65% participating interest and is the operator. 39 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects. 40 Woodside share reflects the net realised interest for the period. 41 Operations governed by production sharing contracts.
Yahoo
7 days ago
- Business
- Yahoo
Altima Energy Provides Bi-Weekly MCTO Status Update and Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Altima Energy Inc. (TSXV: ARH) (OTCID: ARSLF) ("Altima" or the "Company") is providing a bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") as well as a corporate update on its proposed target acquisitions in Northern Alberta and the status of the previously announced private placement for up to $5,500,000 (the "Financing"). MCTO UpdateOn July 2, 2025, the Company announced that it had applied for a management cease trade order ("MCTO") with the British Columbia Securities Commission ("BCSC") in connection with the delay in filing of its audited annual financial statements for the year ended February 28, 2025, related management discussion and analysis, and CEO and CFO certificates in addition to its NI 51-101 Disclosure for Oil & Gas Activities for the financial year ended February 28, 2025 (collectively, the "Required Documents") by the prescribed filing deadline (the "Original Announcement"). At that time, based on information then-available, the Company expected to file the Required Documents by August 29, 2025. The MCTO was issued on July 2, 2025 and restricts its Chief Executive Officer and Chief Financial Officer from trading in securities of the Company, whether direct or indirect, until the Company files the Required Documents and the BCSC revokes the MCTO. The Company's management continues to work diligently to complete the Required Documents. The Company still expects that the Required Documents will be filed by August 29, 2025. Deposit on Property AcquisitionThe Company would also like to announce that it has paid an additional non-refundable deposit of $150,000 for the advancement of the prospective acquisition of a Red Earth Property in Northern Alberta (the "Red Earth Asset") which is located in close proximity to the Company's existing Red Earth assets. The total consideration in the Non Binding Proposal dated January 23, 2025 to acquire the Red Earth Asset is $1,050,000 CAD (the "Acquisition"). This is an arms-length acquisition. While the Company has not entered into a binding agreement with respect to this acquisition at this time and there is no guarantee that the acquisition will be completed, however, the Company anticipates entering into a final binding agreement with respects to the Acquisition upon the closing of the Financing. Private Placement UpdateOn July 8, 2025 the Company announced that it has negotiated a private placement for gross proceeds of up to $5,500,000, subject to acceptance by the TSX Venture Exchange (see news release dated July 8, 2025). The Company anticipates to close the private placement on or about Friday, July 18, 2025. The Company confirms that since the date of the Original Announcement: (i) other than as described above and in its Original Announcement, there have been no changes to the information set out in the Original Announcement that would be expected to be material to an investor; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203, and, no such other default is anticipated; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Documents. About Altima Energy Inc. Altima Energy is a Vancouver-headquartered oil and gas exploration and production company with a strategic focus on unlocking the potential of hydrocarbon assets across North America. Committed to efficient resource development, Altima combines cutting-edge technology and industry expertise to drive operational excellence and deliver sustainable growth. With a focus on long-term value creation, Altima is dedicated to enhancing returns for its shareholders while maintaining a disciplined approach to asset management. ON BEHALF OF THE BOARD, SIGNED: "Richard Barnett" Richard Barnett; CFOEmail: info@ 1-604-336-8610 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Statements:Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the timing of filing of the Company's Required Filings, and Company's compliance with the MCTO and NP 12-203, the expected closing of the private placement and the expected acquisition of a Red Earth property. In particular, this news release contains forward-looking information relating to the anticipated date for filing the annual financial statements for the year ended February 28, 2025, related management's discussion and analysis, and related certifications for the financial year ended February 28, 2025, in addition to its NI 51-101 Disclosure for Oil & Gas Activities for the financial year ended February 28, 2025. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis under the heading "Risk and Uncertainties", a copy of which is filed on SEDAR Plus, at and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements. 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Cision Canada
10-07-2025
- Business
- Cision Canada
ATCO TO RELEASE SECOND QUARTER 2025 RESULTS ON JULY 31, 2025
ATCO Ltd. (ATCO) will release its financial results for the quarter ended June 30, 2025, on Thursday, July 31, 2025. The news release will be distributed via Cision ( and the results, including Financial Statements and Management's Discussion & Analysis, will be posted on View PDF ATCO will hold a live teleconference and webcast with Katie Patrick, Executive Vice President, Chief Financial & Investment Officer and Adam Beattie, President, Structures at 10:00 am Mountain Time (12:00 pm Eastern Time) on Thursday, July 31, 2025 at 1-833-821-0222. No pass code is required. Opening remarks will be followed by a question and answer period with investment analysts. Participants are asked to please dial-in 10 minutes prior to the start and request to join the ATCO teleconference. Management invites interested parties to listen via live webcast at: A replay of the teleconference will be available approximately two hours after the conclusion of the call until August 31, 2025. Please call 1-855-669-9658 and enter pass code 2903671. As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 21,000 employees and assets of $27 billion. ATCO is committed to future prosperity by working to meet the world's essential energy, housing, security and transportation challenges. ATCO Structures designs, builds and delivers products to service the essential need for housing and shelter around the globe. ATCO Frontec provides operational support services to government, defence and commercial clients. ATCO Energy Systems delivers essential energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. ATCO Energy provides retail electricity and natural gas services, home maintenance services and professional home advice that bring exceptional comfort, peace of mind and freedom to homeowners and customers. ATCO also has investments in ports and transportation logistics, the processing and marketing of ash, retail food services and commercial real estate. More information can be found at Investor & Analyst Inquiries: Colin Jackson Senior Vice President, Financial Operations [email protected] (403) 808 2636 Media Inquiries: Kurt Kadatz Director, Corporate Communications [email protected] (587) 228 4571 Subscription Inquiries: To receive ATCO Ltd. news releases, please click here. SOURCE ATCO Ltd.
Business Insider
03-07-2025
- Business
- Business Insider
Beta Glass 51st AGM: Doubles dividend to ₦1.76bn as PAT surges 112% in 2024
Beta Glass Plc, a member of Frigoglass Group and the leading glass packaging manufacturer in West and Central Africa, announced a 1.76Bn dividend at the company's Annual General Meeting (AGM), which held recently at Landmark Event Centre in Lagos. The event, which was attended by shareholders, institutional investors and regulators, offered a platform to review the company's Annual Report and Financial Statements for the year ended December 31, 2024 and set the course for future expansion and sustainability. Chairman of the Board, Dr. Vitus Ezinwa, welcomed shareholders and commended the company's resilient performance in an increasingly complex macroeconomic environment. He announced a dividend of ₦1.76 billion Naira, a 111% increase from the previous year. In his address, the Chairman also noted, 'The results we share today reflect a business that has remained steadfast, agile and deeply committed to delivering value. Despite inflationary pressures, exchange rate fluctuations and rising costs, Beta Glass' 2024 fiscal performance exceeded our expectations. We appreciate our shareholders' invaluable support and trust in our long-term vision.' For the full year, Beta Glass Plc recorded an 87% increase in revenue, while Profit After Tax (PAT) rose by 112% compared to the previous financial year. This exponential growth was primarily driven by a 61% increase in pricing and a 16% increase in sales volume, reflecting the increase in market demand. The company's dividend per share rose from 1.4 Naira in 2023 to 2.95 Naira per share in 2024. Chief Executive Officer of Beta Glass, Alexander Gendis, attributed the company's robust performance to strategic decisions around capacity utilisation, operational efficiency and customer-centricity. 'For us, 2024 was a continuation of a journey of transformation and consolidation,' said Mr. Gendis. 'Our company achieved margin expansion without compromising volume growth which is a clear demonstration of the strength of our business model. In 2025, we are cautious, yet optimistic. We're not only expanding our footprint in various sectors but also our export focus on West and Central Africa. In addition to this, 2025 will see an increase in our sustainable energy efforts with our investment in a solar power plant at our Agbara plant.' At the end of the 2024 financial year, Beta Glass Plc delivered a gross profit of 30.75 billion Naira, up by 148 % from 12.38 billion Naira recorded in the previous year. Profit Before Tax increased to 19.90 billion naira representing 111% increase from 9.45 billion recorded in 2023. While Profit After Tax rose by 112% to close the year at N13.63 billion Naira from N6.44 billion Naira in 2023. Key resolutions presented at the AGM, including approval of the 2024 financial statements and the ratification of board appointments, were approved by shareholders. As Beta Glass Plc enters a new fiscal year, the company is expanding its export footprints and investing in alternative sustainable energy sources to boost efficiency and support growing domestic and international demand. About Beta Glass Plc Beta Glass Plc is a leading manufacturer of premium glass packaging solutions for beverage, pharmaceutical and food industries. Headquartered in Lagos, Nigeria, the company operates across nine other African countries, including Ghana, Côte d'Ivoire, Sierra Leone, Liberia, Cameroon, South Africa, and Burkina Faso. Beta Glass also exports to markets such as Ghana, Burkina Faso, Ivory Coast, Angola, Benin, Gabon, Mauritius, and Togo, serving both regional and international clients with a strong commitment to quality, innovation, and sustainability.
Scoop
03-07-2025
- Business
- Scoop
Interim Financial Statements Of The Government Of New Zealand For The Eleven Months Ended 31 May 2025
Press Release – The Treasury Core Crown expenses, at $128.7 billion, were $0.3 billion (0.2%) above forecast. The interim Financial Statements of the Government of New Zealand for the eleven months ended 31 May 2025 were released by the Treasury today. The May results are reported against forecasts based on the Budget Economic and Fiscal Update 2025 (BEFU 2025), published on 22 May 2025, and the results for the same period for the previous year. The majority of the key fiscal indicators for the eleven months ended 31 May 2025 were slightly better than forecast. The Government's main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit of $7.9 billion. This was $0.2 billion smaller than forecast. While the core Crown results were favourable to forecast this was largely offset by weaker results from State-owned Enterprises. Net core Crown debt was close to forecast at $180.3 billion, or 41.8% of GDP. Core Crown tax revenue, at $111.2 billion, was $0.6 billion (0.6%) higher than forecast. The largest variances related to corporate tax at $0.7 billion (4.4%) above forecast and other individuals' tax at $0.3 billion (3.2%) higher than forecast, which were partially offset by lower than forecast GST revenue of $0.2 billion (0.6%) and other direct tax revenue of $0.1 billion (3.0%). Core Crown expenses, at $128.7 billion, were $0.3 billion (0.2%) above forecast. The OBEGALx was a deficit of $7.9 billion, $0.2 billion less than the forecast deficit. When including the revenue and expenses of ACC, the OBEGAL deficit was $12.3 billion, $0.2 billion lower than the forecast deficit. The operating balance deficit of $3.9 billion was close to the $4.1 billion forecast deficit. This reflected both the slightly favourable OBEGAL result, and offsetting valuation movements. Net gains on financial instruments were $1.8 billion lower than forecast, driven by New Zealand Superannuation Fund (NZS Fund) and ACC's investment portfolio. The majority of this unfavourable variance was offset by net gains on non-financial instruments being $1.6 billion higher than the forecast loss. This was largely owing to the net actuarial gain on the ACC outstanding claims liability being $1.3 billion higher than forecast. The core Crown residual cash deficit of $4.9 billion was $0.4 billion lower than forecast. While net operating cash outflows were $0.5 billion higher than forecast, net core Crown capital cash outflows were $0.9 billion lower than forecast. Net core Crown debt at $180.3 billion (41.8% of GDP) was broadly in line with forecast. The favourable residual cash position was partially offset by non-cash items, contributing to the net core Crown debt result. Gross debt at $202.5 billion (47.0% of GDP) was $7.2 billion lower than forecast, largely owing to lower than forecast derivatives in loss and issuances of Euro Commercial Paper. Net worth at $184.3 billion (42.7% of GDP) was broadly in line with forecast largely reflecting the year-to-date operating balance result as well as movements in reserves.
