Latest news with #WilliamHickey
The Guardian
a day ago
- Sport
- The Guardian
Boomers power into Asia Cup final with dominant win over Iran
Australia have reached the Asia Cup final after extending their unbeaten run to five games with a convincing 92-48 defeat of Iran in Jeddah. The victory set up a Sunday showdown with similarly undefeated 16-time champions China, who defeated New Zealand in their semi-final. For Australia, the result means a shot at a third straight Asia Cup title and an opportunity to keep their perfect record in the competition intact. Boomers star William Hickey, who was named player of the game, praised his teammates after the win. 'We are proud of how, down to the last man, we handled ourselves well,' he said. 'If you can play defence, you can always win games. I'm proud of just everyone down the line contributing today.' Every Boomers player got on the scoreboard in a performance that showcased depth and discipline. Jack McVeigh led the way with 17 points and three triples, while Harry Wessels had 16 points and Hickey chipped in 14 as Australia dominated proceedings in Saudi Arabia. TCL Player of the Game William Hickey showed up BIG in the Semi Final 🫡#AsiaCup Hickey added six rebounds and as many assists in an all-around display, while Wessels provided a steady defensive presence. Owen Foxwell set the tone early with steals and a key three-pointer, and Jack White delivered highlight-reel slams to keep the energy high. For Iran, Sina Vahedi top-scored with 11 points including two triples, while Mobin Sheikhi had eight points, four rebounds and three assists. Star forward Mohammad Amini was limited to just two points as the Boomers defence smothered his usual offensive spark. Australia weathered Iran's early punches in the first quarter, answering with back-to-back triples from McVeigh and Reyne Smith plus a technical foul free throw to close the period up 27-20. Sign up to Australia Sport Get a daily roundup of the latest sports news, features and comment from our Australian sports desk after newsletter promotion From there, the Boomers found another gear. The second quarter saw a 24-9 burst led by Foxwell's perimeter shooting and inside dominance from White, Will Magnay and Wessels, giving the Australians a 51-29 half-time cushion. If the first half had Iran scrambling, the third quarter finished the job. McVeigh's quick five points, punishing runs from Hickey and Wessels, and relentless defensive pressure resulted in a staggering 29-8 frame that pushed the margin to 80-37. By the time Joshua Bannan's corner triple dropped, the game was long decided. The final quarter was about managing minutes and maintaining focus, with Wessels continuing to score inside and Australia's defence ensuring Iran never threatened. The Boomers' balanced attack, rim protection and transition efficiency proved too much for a young Team Melli still finding their identity after earlier comeback wins in the tournament.
ABC News
2 days ago
- Sport
- ABC News
Australia beats Iran 92-48 in Jeddah to reach FIBA Asia Cup final against China
The Boomers have reached the Asia Cup final after extending their unbeaten run to five games with a convincing 92-48 defeat of Iran at the King Abdullah Sports City in Jeddah. Victory has set up a Sunday showdown with similarly undefeated 16-time champion China which defeated New Zealand in their semi-final. Semi-finals Australia to play China in final, Iran to play New Zealand in bronze medal game For Australia the result means a shot at a third straight Asia Cup title and an opportunity to keep their perfect record in the competition intact. Boomers star William Hickey, who was named player of the game, lavished praise on his teammates, saying "we are proud of how, down to the last man, we handled ourselves well". "If you can play defence you can always win games. I'm proud of just everyone down the line contributing today," he said. Every Boomers player got on the scoreboard in a performance that showcased depth, discipline and dominance. Jack McVeigh led the way with 17 points and three triples, while Harry Wessels had 16 and Hickey 14 as Australia dominated proceedings in Saudi Arabia. Hickey added six rebounds and as many assists in an all-around display, while Wessels provided a steady defensive presence. Owen Foxwell set the tone early with steals and a key three-pointer, and Jack White delivered highlight-reel slams to keep the energy high. For Iran, Sina Vahedi top-scored with 11 points including two triples, while Mobin Sheikhi had eight points, four rebounds and three assists. Star forward Mohammad Amini was limited to just two points on 1-of-9 shooting as the Boomers' defence smothered his usual offensive spark. Australia weathered Iran's early shots in the first quarter, answering with back-to-back triples from McVeigh and Reyne Smith plus a technical foul free throw to close the period up 27-20. From there, the Boomers found another gear. The second quarter saw a 24-9 burst led by Foxwell's perimeter shooting and inside dominance from White, Will Magnay and Wessels, giving the Aussies a 51-29 half-time cushion. If the first half had Iran scrambling, the third quarter finished the job. McVeigh's quick five points, punishing runs from Hickey and Wessels, and relentless defensive pressure resulted in a staggering 29-8 frame that pushed the margin to 80-37. By the time Joshua Bannan's corner triple dropped, the game was long decided. The final quarter was about managing minutes and maintaining focus, with Wessels continuing to score inside and Australia's defence ensuring Iran never threatened. The Boomers' balanced attack, rim protection and transition efficiency proved too much for Iran's young Team Melli, still finding their identity after earlier comeback wins in the tournament. AAP
Yahoo
27-02-2025
- Business
- Yahoo
Permian Resources Corp (PR) Q4 2024 Earnings Call Highlights: Record Production and Strategic ...
Q4 Oil Production: 171,000 barrels of oil per day. Total Q4 Production: 368,000 barrels of oil equivalent per day. Q4 CapEx: $504 million. Adjusted Operating Cash Flow: $904 million in Q4. Adjusted Free Cash Flow: $400 million in Q4. Q4 LOE: $5.42 per BOE. Cash G&A: $0.93 per BOE in Q4. GP&T: $1.49 per BOE in Q4. 2024 Free Cash Flow Per Share Growth: Nearly 50% increase compared to 2023. 2024 Oil Production Increase: 8% higher than original guidance. 2024 Acquisitions: $1.2 billion for 50,000 net acres and 20,000 BOE per day. 2025 Expected Total Production: 360,000 to 380,000 BOE per day. 2025 Expected Oil Production: 170,000 to 175,000 barrels of oil per day. 2025 Capital Program: Approximately $2 billion. 2025 Controllable Cash Cost: Approximately $7.75 per BOE. 2024 Liquidity Increase: Approximately $1 billion. 2024 Leverage: Maintained at 1x. 2025 Expected Leverage: Approximately 0.5x. 2025 Base Dividend Yield: Over 4%. Post-Dividend Free Cash Flow Breakeven: Approximately $40. Warning! GuruFocus has detected 5 Warning Signs with PR. Release Date: February 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Permian Resources Corp (NYSE:PR) reported a record quarter in both production and free cash flow per share in Q4 2024. The company achieved a nearly 50% increase in free cash flow per share compared to 2023 without increasing leverage. PR's 2025 plan is expected to continue generating significant free cash flow per share growth. The company executed approximately $1.2 billion of acquisitions in 2024, effectively replacing drilled inventory with high-return assets. PR maintained a strong financial position with $3 billion in liquidity, including $500 million in cash, allowing for opportunistic actions in commodity price cycles. Despite strong performance, PR's stock trades at a two-turn discount compared to some peers. The company faces potential challenges in maintaining low D&C costs due to factors like tariffs and service cost fluctuations. PR's gas strategy improvements are expected to materialize more in 2026 and beyond, indicating a delay in optimizing gas netbacks. The company anticipates becoming a full cash taxpayer by 2026, which could impact future cash flows. PR's focus on smaller M&A deals may limit opportunities for larger scale acquisitions that could enhance scale and inventory duration. Q: Can you provide more details on your 2025 plan and the sustainability of your economics? A: William Hickey, Co-CEO, explained that the 2025 plan is similar to previous years, focusing on the same zones in New Mexico, Texas, and the Midland Basin. The company has successfully replaced its drilled inventory for two consecutive years, maintaining a high-confidence 15-year inventory with minimal degradation. Q: What is your view on larger scale M&A, and how does it fit into your strategy? A: James Walter, Co-CEO, stated that while the company has focused on smaller deals, they are open to larger acquisitions if they align with their long-term business improvement goals. The current focus remains on smaller, high-quality inventory deals. Q: How are you achieving operational efficiencies, and what drives these improvements? A: William Hickey emphasized that the company's culture of continuous improvement drives operational efficiencies. M&A allows them to leverage their cost structure, but the core improvements come from a motivated team focused on optimizing operations. Q: Can you discuss your approach to shareholder returns and the sustainability of your dividend strategy? A: James Walter highlighted the importance of a strong base dividend, which was first paid in November. The company aims to increase the base dividend annually, with additional capital allocation decisions based on the highest return opportunities, including potential buybacks or strategic acquisitions. Q: What are the drivers behind your D&C cost reductions, and how sustainable are these improvements? A: William Hickey noted that over 50% of the cost reductions come from efficiency gains, particularly in drilling. The remaining reductions are due to material cost deflation. The company is currently achieving $750 per foot in D&C costs and aims to maintain or improve this level. 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
