Latest news with #JeffreyMiller
Yahoo
04-05-2025
- Yahoo
Sunday marks 55th observance of Kent State shootings
[Attached video: Peace mural unveiled ahead of 55th observance of Kent State shootings] KENT, Ohio (WJW) — Kent State University is holding its annual commemoration ceremony Sunday to honor the memory of May 4, 1970 and the victims who died and were injured during the tragic event. Peace mural unveiled ahead of 55th observance of Kent State shootings Fifty-five years ago this day, the Ohio National Guard opened fire on Kent State students protesting the Vietnam War. Four students were killed and nine were hurt. For years, the university attempted to distance itself from that event, but in recent decades, it has welcomed visitors to the May 4 Visitors Center and invited them to visit historical sites around campus, hoping to learn from the legacy of that event. At noon Sunday, the campus community and visitors will gather on the May 4 site for the annual commemoration which will include remarks from university students and administrators, the ringing of the Victory Bell and a moment of silence at 12:24 p.m. The commemoration remembers those killed – Allison Krause, Jeffrey Miller, Sandra Scheuer and William Schroeder – and those wounded – Alan Canfora, John Cleary, Thomas Grace, Dean Kahler, Joseph Lewis, Donald Mackenzie, James Russell, Robert Stamps and Douglas Wrentmore. International visas reinstated for 7 KSU graduates On Thursday, at the beginning of the days-long observance of the events of May 4, 1970, a mural was unveiled in the School of Peace and Conflict Studies, entitled 'Visualizing Peace, a work in progress.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-04-2025
- Business
- Yahoo
Halliburton Co (HAL) Q1 2025 Earnings Call Highlights: Navigating Revenue Declines and ...
Total Revenue: $5.4 billion for Q1 2025, a decrease of 7% compared to Q1 2024. Adjusted Operating Margin: 14.5% for Q1 2025. International Revenue: $3.2 billion, a decrease of 2% year over year. North America Revenue: $2.2 billion, a 12% decrease year over year. Cash Flow from Operations: $377 million for Q1 2025. Free Cash Flow: $124 million for Q1 2025. Net Income per Diluted Share: Reported at $0.24; Adjusted at $0.60. Completion and Production Division Revenue: $3.1 billion, a decrease of 8% compared to Q1 2024. Drilling and Evaluation Division Revenue: $2.3 billion, a decrease of 6% compared to Q1 2024. Capital Expenditures: $302 million for Q1 2025. Share Repurchase: Approximately $250 million of common stock repurchased in Q1 2025. Pre-tax Charge: $356 million due to severance costs, asset impairments, and other items. Warning! GuruFocus has detected 4 Warning Signs with IVZ. Release Date: April 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Halliburton Co (NYSE:HAL) delivered total company revenue of $5.4 billion and an adjusted operating margin of 14.5% for the first quarter of 2025. The company generated $377 million of cash flow from operations and $124 million of free cash flow, while repurchasing approximately $250 million of its common stock. Halliburton Co (NYSE:HAL) won significant contracts, including work with Shell in Brazil and exploration projects in Suriname and West Africa, showcasing its strong value proposition and service quality. The ZEUS IQ closed-loop autonomous fracturing operation was successfully completed, highlighting Halliburton Co (NYSE:HAL)'s technological advancements in the North American market. The company expects to return at least $1.6 billion of cash to shareholders through buybacks and dividends in 2025, demonstrating a commitment to shareholder returns. International revenue decreased by 2% year over year, primarily due to lower activity in Mexico, which remains a challenging market with no immediate recovery in sight. North America revenue was down 12% compared to the first quarter of 2024, driven by lower stimulation activity and decreased completion tool sales. The company recognized a pretax charge of $356 million due to severance costs, asset impairments, and other items, impacting financial results. There is increased uncertainty in the market due to recent economic concerns and the faster-than-expected return of OPEC production, which could affect future performance. Tariff impacts are expected to affect margins, with an estimated $0.02 to $0.03 per share impact in the second quarter, and further clarity on the full-year impact is pending. Q: How do you view US activity for the rest of the year given the current commodity price environment, and what oil price would significantly change customer behavior? A: Jeffrey Miller, Chairman, President, and CEO, stated that customers are currently digesting recent changes in the market, including commodity prices and tariffs. He noted that activity in the 60s range could impact production if it slows down significantly. The market is not building new equipment, which is a positive sign, and any decline in activity is quickly underpinned by its impact on production. Q: Can you provide an update on the situation in Mexico and its impact on margins? A: Jeffrey Miller explained that the situation in Mexico remains unsettled, with no immediate recovery expected. The new administration and Pemex are working through their plans, but significant decline rates in the market are expected to drive recovery eventually. However, the timing of this recovery is uncertain. Q: What is the outlook for Saudi Arabia within Halliburton's portfolio, and how does it fit into the flat international outlook for the year? A: Jeffrey Miller highlighted Saudi Arabia as a significant market with expected growth in 2025. He mentioned exciting opportunities, including tenders for Jafurah and other projects, where Halliburton's technology and growth engines, such as unconventional intervention and artificial lift, are expected to perform well. Q: How do you view the margin progression for the rest of the year, especially considering the white space in North America? A: Eric Carre, CFO, explained that Q2 margins are expected to be impacted by tariffs, mobilization costs, and a mix issue with software sales. However, he anticipates that margins in the second half of 2025 will be in the same range as 2024, driven by growth in international markets and the performance of growth engines. Q: Can you elaborate on the impact of tariffs and how you plan to mitigate them? A: Eric Carre stated that the tariff impact is expected to be $0.02 to $0.03 per share in Q2, with 60% affecting the Completion and Production division and 40% the Drilling and Evaluation division. Halliburton is working on mitigating the impact through a diversified supply chain and other levers, but more clarity is needed to fully understand the overall impact. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
18-04-2025
- Politics
- Yahoo
Former Pennsylvania State Police Commissioner to conduct security review after Governor's Residence attack
HARRISBURG, Pa. (WHTM) – Jeffrey Miller, the former Commissioner of the Pennsylvania State Police, will conduct the independent security review of the attack on Governor Josh Shapiro's Residence in Harrisburg on Sunday. State Police say Miller, who now operates a consulting group, will visit the Governor's Residence and conduct interviews next week. He previously served as the NFL's first director of Strategic Security Programs and led the State Police from 2003 to 2008, with 24 total years of experience with the State Police. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The review of the Governor's Residence will examine monitoring systems, duty assignments of the security detail, and response protocols. A written report will be provided to the State Police and the Governor's Office. 'The public expects and deserves an independent examination of the events that transpired during this unprecedented attack on our government leadership,' said State Police Commissioner Colonel Christopher Paris. 'The Pennsylvania State Police values the trust of the people we serve. By entrusting this review to an independent examiner with first-hand knowledge of our Commonwealth government, I believe we will continue to earn that trust and, more importantly, the public's confidence that we are doing everything possible to prevent anything like this attack from ever happening again.' Cody Balmer, the man accused of lighting several Molotov Cocktails inside the residence, is facing charges in Dauphin County, including arson and terrorism. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Reuters
12-03-2025
- Business
- Reuters
CERAWEEK Next-generation nuclear company TerraPower eyes Texas expansion
HOUSTON, March 12 (Reuters) - TerraPower, the new nuclear power company backed by Bill Gates, is interested in expanding into Texas, an executive said at the CERAWeek energy conference in Houston on Wednesday. TerraPower began construction of its first small modular reactor in Wyoming last year, aiming to usher in a next generation of nuclear plants to meet growing global power demand from the proliferation of data centers and the electrification of sectors like transportation. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. "We would like to put a flagpole down here," said Jeffrey Miller, vice president of business development at TerraPower, in response to an invitation to do business in the Lone Star state by Texas Public Utility Commissioner Jimmy Glotfelty. "We are very bullish on Texas," said Miller, who added that he was interested in moving into the state in some capacity this year. It was unclear what type of expansion into Texas TerraPower was considering. The state is trying to create incentives to build new reactors.
