Day: May 9, 2023

CALGARY, Alberta, May 09, 2023 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce strong financial and operating results for the three months ending March 31, 2023, and to provide an update on a number of key strategic initiatives. Commodity prices were volatile in the first quarter, but the quality and capacity of our asset base allowed us to continue to deliver outsized returns. We continued to invest in a disciplined manner in new high-return wells to fill and optimize existing facilities. We made meaningful progress on returning capital to shareholders under our existing Normal Course Issuer Bid (“NCIB”) while continuing with the reduction of debt. We have also achieved another new corporate milestone, improving our financial flexibility further by moving to a covenant-based...

LONDON, May 09, 2023 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the first quarter 2023. FINANCIAL HIGHLIGHTSQ1 2023 revenue of $400.9 million, down 11% over the prior quarter Q1 2023 adjusted EBITDA of $44.8 million, down 66% over the prior quarter Q1 2023 adjusted EBITDA margins were down at 11.2% versus 29.1% in the prior quarter and 33.7%% in Q1 2022 Q1 2023 Adjusted EPS was $.05 versus $.39 in Q4 and $.88 in Q1-22 Gross debt declined to $400 million, down from $450 million in Q4 and $518 in Q1-22 Net debt declined to $55 million, down from $127 million in Q4 and $342 in Q1-22         $100 million available from our ABL facility completely...

HOUSTON, TX, May 09, 2023 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported first quarter 2023 net income of $15.6 million, or $0.42 per diluted share, compared to $16.3 million, or $0.50 per diluted share, for the same 2022 period. Adjusted operating income(1) for the first quarter of 2023 was $15.5 million, or $0.42 per diluted share, compared to $19.8 million, or $0.61 per diluted share, for the same 2022 period. Highlights for the quarter included:Gross written premiums increased 27.5%. Underwriting income(1) of $17.8 million compared to $11.4 million for the first quarter of 2022. Combined ratio of 90.2% compared to 91.9% for the first quarter of 2022. Current accident year non-cat loss and LAE ratio of 61.1% compared to 63.5% for the first quarter...

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2023 (“Q1-2023”). For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated May 9, 2023 and available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All amounts are presented in Canadian dollars unless otherwise stated. DLCG includes the Corporation and its three main subsidiaries: MCC Mortgage Centres Canada Inc. (“MCC”), MA Mortgage Architects Inc. (“MA”), and Newton Connectivity Systems Inc. (“Newton”). Q1-2023 SummaryQ1-2023 funded volumes of $9.4 billion, representing a 41% decrease as compared to the three...

CALGARY, Alberta, May 09, 2023 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (“Wilmington” or the “Corporation”) reported net loss for the three months ended March 31, 2023 of $0.6 million or $(0.05) per share compared to net income of $0.08 million or $0.07 per share for the same period in 2022. OPERATIONS REVIEW – For the Quarter Ended March 31, 2023 As at March 31, 2023, Wilmington had assets under management in its operating platforms of approximately $429 million ($100 million representing Wilmington’s share). A summary of the Corporation and the operations of its investees is set out below. MarinasMaple Leaf Partnerships In Q1 2023, the Maple Leaf Partnerships successfully completed the acquisition of two marquee marinas in Ontario and now own 20 marinas with over 8,000 boat slips and dry rack slips, all within 2...

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, and Net Debt, which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.” Key highlights for the first quarter of 2023 and through the date of this press release include:Reported first quarter 2023 production of 32.5 thousand barrels of oil equivalent per day (“MBoe/d”) (56% liquids), or 2.9 million barrels of oil equivalent (“MMBoe”);Production during the quarter was impacted by several planned periodic facility and pipeline maintenance projects at...

HighlightsRecord first quarter revenue of $2.3 billion, up 12% year over year; organic revenue growth1 of 7%; net income attributable to GXO of $25 million; adjusted EBITDA1 of $158 million; diluted EPS of $0.21 and adjusted diluted EPS1 of $0.49 Full-year 2023 profit guidance raised:Adjusted diluted EPS raised $0.10, now expected to be $2.40–$2.60 Adjusted EBITDA raised $15 million, now expected to be $715–$745 millionBusiness HighlightsSales pipeline grows to approximately $2.3 billion, up from fourth quarter 2022 Strong first half momentum in new wins, including signing GXO’s largest-ever annual revenue contract Incremental 2023 revenue of $782 million secured through the first quarter Revenue retention rate remains in the mid-to-high 90s First quarter e-commerce revenue up 34% year over year; reverse logistics...

    Completed the acquisition of Arq Limited’s subsidiaries Initiated growth capital projects to expand and diversify product portfolio GREENWOOD VILLAGE, Colo., May 09, 2023 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”),a leader in environmental solutions for power generation, industrial and municipal water purification markets, today filed its Quarterly Report on Form 10-Q and reported financial results for the quarter ended March 31, 2023. Business HighlightsAs previously announced on February 1, the Company completed its acquisition of the subsidiaries of Arq Limited (“Arq”) to combine their respective businesses on updated terms and structure. The Company has initiated growth capital projects at both manufacturing facilities during the quarter,...

Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the three months of 2023. Net result and net rental incomeThe Group recorded a net profit of EUR 22 thousand against EUR 1,996 thousand for Q1 2022. The net result was mainly impacted by the one-off sale of BH Domus Pro UAB, which owns a retail park and an office building in Vilnius, Lithuania. The net profit was also impacted by the increased financial expenses. The positive impact of the increase in net rental income was partly offset by temporary vacancy related non-recoverable property costs. The Group earned net rental income of EUR 4.2 million in both Q1 2023 and Q1 2022. The results for 2023 include only two months’ net rental income of Domus Pro Retail and Office property (EUR...