Day: May 11, 2022

Company to Host Conference Call at 8:30 AM ET on Thursday, May 12, 2022 BIRMINGHAM, Mich., May 11, 2022 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights (compared to the prior year period)Gross written premium increased 8.5% to $33.0 million Commercial Lines gross written premium increased 5.0% to $28.6 million Personal Lines gross written premium increased 38.9% to $4.4 million Net earned premium increased 4.9% to 24.0 million Expense ratio decreased to 37.5%, down 710 basis points from Q1 2021 Book value per share of $3.13 as of March 31, 2022James Petcoff, Executive Chairman and Co-CEO, commented, “While we are very encouraged by the  strong and sustainable top line growth experienced...

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2022 fiscal year. A 71% Operating Margin1,2 and a 34% Profit Margin3 in the quarter delivered an 9% Return on Capital4 and a 13% Return on Equity5, on a trailing twelve-month basis. Highlights for the quarter included:Funds from operations6 per share up 69%. Funds from Operations (“FFO”) were a Company record $203 million after hedging losses of $53 million in the quarter. Per diluted share FFO were $1.17, up 65% from $0.71 in Q1 2021. FFO in the quarter exceeded capital expenditures and acquisitions, leaving $38 million for dividends and debt reduction.Production per share up 13%. First quarter 2022 production of 101,549...

Robust top-line performance and order intake highlight strong demand for energy storage ARLINGTON, Va., May 11, 2022 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended March 31, 2022. Strategic and Operational Highlights Second Fiscal Quarter Ended March 31, 2022Robust demand trends driving project wins across the organization:Entered into 582 MW of energy storage product contracts during the quarter, illustrating strong demand during a historically low order intake quarter due to seasonality; Entered into 343 MW of energy service contracts during the quarter; and Entered into record 2,791 MW of Fluence...

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended March 31, 2022. The Company is also announcing updated 2022 guidance as well as the declaration of a second quarter 2022 regular dividend of C$0.25 per share. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. HighlightsNet income of $152.7 million and record first quarter 2022 funds flow from operations (“FFO”)(1) of $205.5 million. Quarterly regular dividend increased by 79% to C$0.25 per share. Accelerated share buyback, repurchasing so far in 2022 nearly 50% of our planned 10% share buyback. FY 2022 midpoint production guidance increased from 53,000 boe/d to 55,000 boe/d, with projected...

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2022. Financial Highlights ($000’s except per share data)    Three months ended March 31      2022   2021 ChangeRevenue   $ 161,452 $ 93,190 73%Operating income (loss)     3,690   (5,419) nmEBITDA (1)     24,314   16,717 45%Cashflow     22,551   15,332 47%Net income (loss)     2,467   (3,607) nmAttributable to shareholders     2,472   (3,579) nm             Per Share Data (Diluted)            EBITDA (1)   $ 0.56 $ 0.37 51%Cashflow   $ 0.52 $ 0.34 53%             Attributable to shareholders:            Net income (loss)   $ 0.06 $ (0.08) nm             Common shares (000’s)(4)            Basic     42,713   45,072 (5%)Diluted     43,423   45,231 (4%)                   March...

News Update OTC Markets GroupFirst Quarter 2022 Highlights:Gross revenues of $25.9 million for the quarter, flat versus the prior year period Operating income of $8.6 million for the quarter, up 3% versus the prior year period Operating profit margin of 34.4%, versus 33.2% for the prior year period Net income of $7.6 million, up 11% versus the prior year period, and quarterly diluted GAAP EPS of $0.62, up 9% Total cash returned to shareholders during the quarter of $4.9 million, comprised of dividends of $2.1 million and repurchases of common stock of $2.8 million Announcing second quarter 2022 dividend of $0.18 per share 571 OTCQX® and 1,224 OTCQB® companies at quarter end 101% increase in the number of companies subscribing to our Disclosure & News Service® (DNS) products 24 graduates to a national securities exchange during...

MONTREAL, May 11, 2022 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) today announced financial and operating results for the first quarter ended on April 2, 2022. A strong start to the year, with 12.7% organic net revenue growth, significant increase in backlog and solid improvement in adjusted EBITDA, adjusted EBITDA margin and adjusted net earnings per share. FIRST QUARTER 2022 FINANCIAL HIGHLIGHTSRevenues and net revenues reached $2.7 billion and $2.1 billion, up 28.8% and 26.0%, respectively, compared to the first quarter of 2021. Net revenue grew organically by 12.7%, of which approximately 4.5% is due to more billable days. Backlog as at April 2, 2022 stood at $11.0 billion, representing 12.1 months of revenues. In the twelve-month period ended April 2, 2022, backlog grew organically by 15.8%...

EDMONTON, Alberta and NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) — Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three month period ended March 31, 2022. Unless otherwise indicated, financial figures are expressed in Canadian dollars and comparisons are to the prior period ended March 31, 2021. Stantec delivered solid first quarter earnings on the strength of 19.5% net revenue growth, and reaffirms its guidance for the full year. Every regional and business operating unit delivered organic net revenue growth1 and recent acquisitions generated double-digit growth. Backlog continues to grow, rising to a record $5.4 billion, with continued growing momentum in the US. “The organic growth we achieved in Q1 reflects our ability to capitalize on our sector’s strong market...