Latest news with #Tanager-1
Yahoo
17 hours ago
- Business
- Yahoo
Planet Labs Rides 50% Rally, Sets $265 Million-$280 Million Outlook
Planet Labs (NYSE:PL) continues its fine form from yesterday's superb earnings report, and is up 50% in regular trading Thursday as it outlines a strong fiscal 2026 outlook. The company generated $66.3 million in Q1 revenue, up about 10% year-over-year and beating expectations, with a non-GAAP gross margin of 59%. Adjusted EBITDA turned positive at $1.2 million for the second straight quarter, and free cash flow was a record $8 million. Warning! GuruFocus has detected 3 Warning Signs with PL. Backlog ballooned to roughly $527 millionup 140% YoYand remaining performance obligations reached $451.9 million. Planet's customer count dipped to 919 as it prioritized larger accounts, but net dollar retention stayed healthy at 103%. CEO Will Marshall highlighted robust demand from defense and intelligence customers, noting an 8-figure ACV expansion in Europe and a 7-figure boost for maritime domain awareness. He also touted product advances: the new Aircraft Detection Analytic Feed and progress on Tanager-1 and Pelican-2 satellites, which are already servicing clients across energy, agriculture, and government. On the AI front, Marshall said Planet is fine-tuning foundation models with Anthropic to speed time to value for clients. CFO Ashley Johnson confirmed Q2 revenue guidance of $65 million to $67 million, non-GAAP gross margins of 56%57%, and an adjusted EBITDA loss of $2 million to $4 million. For full-year fiscal 2026, Planet targets $265 million to $280 million in revenue, raising the lower end to reflect momentum, with gross margins of 55%57% and an adjusted EBITDA loss of $7 million to $12 million. Capital expenditures are expected to total $50 million to $65 million for the year. As government budgets shift and geographies like Europe seek low-cost, efficient satellite solutions, Planet's AI-enabled data services and expanding backlog position it for accelerated growth. Investors should care because achieving positive free cash flow and raising guidance signal durable momentum, and upcoming Q2 results will reveal if Planet can sustain this trajectory amid evolving defense budgets. Planet Labs (NYSE:PL) has seen a bumpy ride in the last year, and analysts now peg its 12-month price target at $5.71 about 8% below current levels. The range is wide, with some expecting it to climb to $8, while others see it falling to $3.50. That spread shows there's still a lot of uncertainty around the stock. For now, it looks like expectations are cooling a bit. This article first appeared on GuruFocus. 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
New Indian Express
09-05-2025
- Business
- New Indian Express
Methane emissions remain high, 120 million tonnes released in 2024
The IEA's data, drawn from satellite observations, measurement campaigns and scientific studies, indicates that global energy-related methane emissions are approximately 80% higher than those reported to the UN Framework Convention on Climate Change (UNFCCC). The gap is the smallest in Europe, where measurement-based reporting is more prevalent. In 2024, oil operations emitted about 45 Mt, natural gas 35 Mt, and coal 40 Mt, with abandoned wells and mines adding 8 Mt—a new metric in this year's tracker. These abandoned facilities alone would rank as the world's fourth-largest fossil fuel methane emitter. Satellites are revolutionising methane monitoring, with over 25 now in orbit, including MethaneSAT and Tanager-1, launched in 2024. These tools detected a record high in large methane leaks from oil and gas facilities last year, despite reduced coverage. GHGSat's 16,400 observations in 2024 identified nearly 11,700 leaks, 9,600 from oil and gas. 'Satellites are game-changers, exposing persistent leaks and guiding regulatory action,' said Jane Ellis, a senior IEA analyst. The economic case for methane abatement is compelling. About 30% of 2024's fossil fuel methane emissions could have been avoided at no net cost, as captured gas often offsets abatement costs. Leak detection and repair (LDAR) programmes and equipment upgrades, like swapping wet compressor seals for dry ones, can yield returns exceeding 25% within a year. In India, where oil and gas upstream methane intensities are double the global average, such measures could be transformative. 'The financial logic is clear, yet awareness and investment barriers persist,' analysts say. Methane abatement could also strengthen energy security. The IEA estimates that capturing methane could have added 100 billion cubic metres (bcm) of natural gas to global markets in 2024—matching Norway's total gas exports. Additionally, 150 bcm of gas is flared annually, much of it unnecessarily. 'This is gas that could power industries or heat homes,' Birol said. In India, where energy demand is rising, capturing flared gas could support economic growth while reducing emissions. India, a major methane emitter in South and Southeast Asia, contributed significantly to the region's 10 Mt of fossil fuel methane emissions in 2024, with half from coal mines. The country plans to double coal output by 2030, potentially exacerbating emissions. Unlike most regional peers, India has not joined the Global Methane Pledge, though its national oil company, ONGC, participates in the Oil and Gas Decarbonization Charter (OGDC). 'India's coal reliance poses a challenge, but its oil and gas sector has abatement potential,' Indian experts say. Surface mines, dominant in India, limit coal abatement options, but LDAR and gas utilisation could cut oil and gas emissions significantly. Sabina Assan, methane analyst at global energy think tank Ember, said 'Coal, one of the biggest methane culprits, is still being ignored. There are cost-effective technologies available today, so this is a low-hanging fruit of tackling methane. We can't let coal mines off the hook any longer.' Globally, methane pledges, including the Global Methane Pledge (GMP) and OGDC, cover 80% of oil and gas production, but only 5% meets near-zero emissions standards. The GMP, with 159 countries, aims for a 30% methane cut by 2030—equivalent to eliminating the transport sector's CO2 emissions. Yet, only half of these pledges have detailed policies. Regionally, performance varies. China, the largest emitter at 25 Mt, focuses on coal mine methane recovery. North America emitted 23 Mt, with Canada targeting a 75% reduction by 2030. In the Middle East and North Africa, flaring drives 25% of 20 Mt emitted. The IEA's Methane Abatement Model highlights pathways to cut oil and gas emissions by 75% and coal by 50% by 2030. "The tools exist, the data is improving, and the economics make sense,' Birol urged.
