BETHESDA, Md.--(BUSINESS WIRE)--#ElizabethRiverProject--Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, has been recognized as a “Sustained Distinguished Performance River Star Business” by the Elizabeth River Project for its energy savings efforts, metal recycling, and increased oyster gardening programs.

The Elizabeth River Project is a non-profit organization leading the effort to restore the health of the historic urban river to the highest practical level of environmental quality through government, business, and community partnerships. Partner businesses, known as River Star Businesses, contribute by supporting the overall health of the river by improving flood control and restoring crucial wetlands and wildlife habitat.

“Enviva’s Chesapeake Terminal is at the top level in the program and is an important partner as a neighbor to our Paradise Creek Nature Park. We are proud of Enviva’s environmental efforts including results in both pollution prevention and wildlife habitat enhancement,” said Pam Boatwright, Deputy Director of Administration & River Star Businesses Program Manager for The Elizabeth River Project.

The River Restoration Advisory Committee, composed of River Star peers and technical experts, reviews River Star documentation every fall for entry and advancement in the program. On Thursday, January 19, 2023, Enviva was recognized in the ‘Sustained Distinguished Performance’ category at the Elizabeth River Project’s Annual Recognition Luncheon at The Founders Inn in Virginia Beach, VA. The ‘Sustained Distinguished Performance’ category is reserved for existing River Star participants that showcase significant new efforts in cleaning up the river within the last year.

The committee unanimously agreed Enviva’s Port of Chesapeake terminal should be recognized for its achievements in removing more than 217,000 pounds of metal waste, recycling over 79,000 pounds of old conveyor belt, maintaining 20 oyster cages as part of the Bay Foundation’s Oyster Restoration program, as well as upgrading and implementing new energy-saving lighting throughout the port terminal.

“We appreciate the opportunity to be recognized as a River Star Business by the Elizabeth River Project,” said Chris Brown, Senior Manager of Community Relations in the Mid-Atlantic for Enviva. “Our Chesapeake staff, led by Port Managers Aaron Leftwich and Rhandy McGlothlin, has proven over the years that they are committed to being a true River Star with their engagement with the Elizabeth River Project, Paradise Creek Nature Park, and the Chesapeake Bay Foundation. We salute their efforts and would like to express our gratitude to Pam Boatwright for her expertise, guidance, and contagious enthusiasm toward these important projects.”

To learn more about the awards program or to view a full list of 2022 winners, visit: https://elizabethriver.org/river-star-businesses.

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11^th plant in Epes, Alabama. Enviva is planning to commence construction of its 12^th plant, near Bond, Mississippi, in 2023. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

MEDIA CONTACT:
Jacob Westfall
+1-301-657-5560
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HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $400 million aggregate principal amount of 9.250% Senior Notes due 2028 (the “Notes”). The Notes mature on February 15, 2028 and pay interest at the rate of 9.250% per year, payable on February 15 and August 15 of each year. The first interest payment on the Notes will be made on August 15, 2023. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility. The Issuer intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility. This offering is expected to close on February 1, 2023, subject to customary closing conditions.

The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and, unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Issuer plans to offer and sell the Notes only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act.

This communication shall not constitute an offer to sell, or the solicitation of an offer to buy, the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Crescent Energy Company

Crescent Energy Company is a U.S. independent energy company with a portfolio of assets in basins across the lower 48 states.

Cautionary Statement Regarding Forward-Looking Information

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current expectations. The words and phrases “should”, “could”, “may”, “will”, “believe”, “think”, “plan”, “intend”, “expect”, “potential”, “possible”, “anticipate”, “estimate”, “forecast”, “view”, “efforts”, “target”, “goal” and similar expressions identify forward-looking statements and express our expectations about future events. This communication includes statements regarding this private placement and the use of proceeds therefrom that may contain forward-looking statements within the meaning of federal securities laws. We believe that our expectations are based on reasonable assumptions; however, no assurance can be given that such expectations will prove to be correct. A number of factors could cause actual results to differ materially from the expectations, anticipated results or other forward-looking information expressed in this communication, including liquidity and financial market conditions, including rising interest rates and associated policies of the U.S. Federal Reserve, commodity price volatility due to ongoing or new global conflicts such as the ongoing conflict in the Ukraine, adverse market conditions, governmental regulations, including the impact of the Inflation Reduction Act of 2022, and the impact of world health events such as the ongoing COVID-19 pandemic. All statements, other than statements of historical facts, included in this communication that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Consequently, actual future results could differ materially from our expectations due to a number of factors, including, but not limited to, those items identified as such in the most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q and the risk factors described thereunder, filed by Crescent Energy Company with the U.S. Securities and Exchange Commission.

Many of such risks, uncertainties and assumptions are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. We do not give any assurance (1) that we will achieve our expectations or (2) concerning any result or the timing thereof.

All subsequent written and oral forward-looking statements concerning this offering, the use of proceeds therefrom, Crescent Energy Company and the Issuer or other matters and attributable thereto or to any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. We assume no duty to update or revise their respective forward-looking statements based on new information, future events or otherwise.

Emily Newport
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RIYADH, Saudi Arabia--(BUSINESS WIRE)--Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland, last week.

His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, and told the world that geopolitical stability is key to energy security, and the Kingdom has “become the meeting place between East and West.”

During the week, Saudi Arabia hosted a dialogue titled ‘Toward a Resilient Urban Resource Nexus,’ with key international public and private sector stakeholders from regional and global organizations discussing the sustainability of future cities.

His Highness Prince Faisal, Her Royal Highness Princess Reema, His Excellency Alswaha, His Excellency Alkhorayef and His Excellency Alibrahim participated in a multilateral meeting with WEF leadership, Klaus Schwab, Founder and Executive Chairman, and Børge Brende, President, to explore areas of mutual interest.

During the meeting, His Excellency Alswaha, Chairman of the Board of King Abdulaziz City for Science and Technology (KACST) and Chairman of the Board of The Research, Development and Innovation Authority (RDIA) and Brende, signed a Letter of Intent (LoI) to establish a new accelerator program to help ignite innovation in Saudi Arabia.

The Saudi delegates highlighted the Kingdom's role as a Pioneering Partner in the Forum's Global Collaboration Village, which will leverage the Metaverse to serve the global community.

Separately, the Ministry of Investment, in coordination with the Ministry of Energy and the Ministry of Industry and Mineral Resources, organized a high-level dialogue for executives from the energy, petrochemicals and mining sectors to discuss the impact of the energy transition, the role of petrochemical industries and investments needed to achieve net zero by 2060.

Meanwhile, Saudi Arabia’s Ministry of Economy and Planning – in collaboration with the WEF open innovation platform UpLink – launched a challenge to crowdsource transformative solutions to secure local food in countries impacted by low rainfall, drought and desertification.

The Food Ecosystems and Arid Climates Challenge is a global call for food entrepreneurs, start-ups, social ventures, and SMEs to submit solutions that incorporate low or high technologies or ancestral responses.

Also during the week, Saudi Arabia – represented by the Ministry of Economy and Planning – joined the WEF Jobs Consortium, a coalition of CEOs, IOs, ministers and other leaders with a common aim to promote a better future of work for all by enabling job creation and job transitions.

The Saudi Arabian delegation also engaged in a wide range of bilateral meetings, dialogues with global leaders, ministers and CEOs and – for the first time – public panel sessions as part of WEF’s Open Forum. These included discussions with high-level public and private sector representatives from several countries and were an opportunity to share the Kingdom’s vision while exploring potential partnerships and areas of collaboration.

*Source: AETOSWire

Wauod Alquaied
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HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its fourth quarter and full year 2022 earnings conference call for Wednesday, March 8, 2023 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter and full year ended December 31, 2022, which are expected to be released prior to the conference call.

Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call.” Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.

For those who cannot listen to the live call, a telephonic replay of the call will be available through March 22, 2023 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13735415.

About Nine Energy Service

Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.

For more information on the Company, please visit Nine’s website at nineenergyservice.com.

Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, announced today that Stacy Smith has been appointed to the Company’s Board of Directors, effective January 23, 2023. Mr. Smith is the Executive Chairman of Kioxia Corporation (formerly Toshiba Memory Corporation), a leading flash memory company, and Non-Executive Chair of the Board at Autodesk, Inc., a global leader in design and make technology.

“With his vast experience in the technology and semiconductor industries, Stacy will be an invaluable asset for Wolfspeed as we work to capitalize on the steepening demand for Silicon Carbide power devices across the e-mobility, industrial and renewable markets,” said Wolfspeed Chairman of the Board Darren Jackson. “It is our honor to welcome Stacy to the Board, and we look forward to his contributions and expertise as Wolfspeed continues to lead the transition from silicon to Silicon Carbide.”

“I am really excited to join the Wolfspeed Board and work to help Wolfspeed scale and grow their leadership position in a fast-growing and important market,” said Mr. Smith.

Prior to his Board positions, Mr. Smith worked at Intel Corporation for three decades in a variety of roles including as Group President of Sales, Manufacturing and Operations, Chief Financial Officer, Chief Information Officer, and Head of Europe Middle East and Africa.

Mr. Smith’s management positions with Intel Corporation, including his finance and executive roles, provide him with critical insight into the operational requirements of a global company and the management and consensus-building skills necessary to serve on Wolfspeed’s Board of Directors. He also holds positions on the California Chapter of The Nature Conservancy Board of Trustees and University of Texas McCombs School of Business Advisory Board. Prior Board roles include serving on the Board of Virgin America Airlines and GEVO, a biofuels company.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Twitter: @Wolfspeed

LinkedIn: @Wolfspeed

Wolfspeed Investor Relations Contact:
Tyler Gronbach
Vice President, Investor Relations
919-407-4820
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Wolfspeed Media Contact:
Melinda Walker
Director, Corporate Communications
818-261-4585
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DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today fourth quarter and full year 2022 financial and operational results.

Summary Results and Highlights

• Revenue of $4.1 billion, a 68% increase over the prior year, and net income¹ of $400 million, or $2.11 fully diluted earnings per share, for the year ended December 31, 2022
• Adjusted EBITDA² of $860 million for the year ended December 31, 2022
• Fourth quarter revenue of $1.2 billion, a 3% sequential increase, and net income¹ of $153 million, or $0.82 fully diluted earnings per share, for the quarter ended December 31, 2022
• Adjusted EBITDA² of $295 million for the quarter ended December 31, 2022, a 7% sequential increase
• Initiated the commercial deployment of high-performance, low-emission digiFrac™ pumps, the industry’s first purpose-built fully integrated electric frac pump with high power density
• Returned $134 million to shareholders in the second half of 2022 through a combination of share repurchases and a quarterly cash dividend reinstated in the fourth quarter of 2022
• Repurchased 4.4% of outstanding shares at an average price of $15.29, or $125 million in total, since July 2022
• Increased share repurchase authorization to $500 million, with $375 million of authorization remaining

“Liberty achieved outstanding returns in 2022 with the highest earnings per share in company history. Full-year Adjusted Pre-Tax Return on Capital Employed (“ROCE”)³ and Cash Return on Capital Invested (“CROCI”)⁴ were each at 31%, and both accelerated as the year progressed. These results demonstrate the enhanced earnings power of our diversified platform and technology portfolio and the profitability potential over the longer duration cycle ahead,” commented Chris Wright, Chief Executive Officer. “Our strong conviction in the outlook and growing free cash flow led us to launch and expand a sector-leading return of capital strategy in 2022 with a share repurchase program and the reinstatement of our quarterly cash dividend. During the second half of 2022, we returned a combined $134 million in share repurchases and dividend payments to shareholders, retiring 4.4% of outstanding shares. Our confidence continues today spurring us to double the size of our share repurchase authorization.

“Our 2022 financial performance illustrated the value creation of our actions over the pandemic years, including transformative transactions, technology innovation, and investment in the extraordinary talent at Liberty for future success,” continued Mr. Wright. “Together, the Liberty team achieved new operational records in the midst of tight labor and supply chain markets. We always strive to raise the bar of elite service quality and performance in the industry.

“Our relentless focus on maximizing total return for shareholders reflects our team’s commitment to expanding our competitive advantages by investing in technology and vertical integration, balanced with returning capital to shareholders,” said Mr. Wright. “In late 2022, we began the commercial deployment of digiFrac electric pumps, developed over the past few years with a technically superior engineering design for the operational conditions of the frac site. We are thrilled to bring our customers the highest quality and efficiency frac services with the lowest emissions profile.”

Outlook

The frac market is currently tight in all the shale basins. To date there has not been any significant reduction in activity in the natural gas regions despite a significant drop in gas prices. We do expect to see some industry pullback in response to gas prices and, if necessary, Liberty would move any spare capacity to oilier areas where demand for our services significantly outstrips our current supply.

While markets are preparing for the most widely anticipated recession in nearly 50 years, tumult in global oil supply coupled with today’s rather low spare global production capacity imply a strong need for North American barrels in the coming years. Today’s low spare production capacity is the inevitable result from years of underinvestment in upstream oil and gas production. The gradual reopening of China and rising global travel are expected to drive incremental demand for oil, even if balanced against slowing economic activity. Oil supply growth remains challenged as the release of U.S. strategic petroleum reserves subsides, the impact of the Russian oil products export embargo hits next month, and reduced investment across the Russian industry gradually impacts production.

The fundamental outlook for North American hydrocarbons is the healthiest Liberty has seen in our 12-year history. Against this strong backdrop, we expect many possible bumps in the road like softening natural gas activity and an elevated recession risk. However, the multi-year outlook for North American activity is robust. Currently our customers and competitors are investing with discipline, keeping capacity flat to only very modest growth.

E&P customers continue to see attractive drilling returns, particularly in oil, even as breakeven prices have increased from the pandemic lows. The majors are redirecting capital spending to North America and domestic E&P operators’ pronouncements of returns targets infer a continuation of resource development to at least offset natural production declines. As North American oil and gas production reaches new heights, there is a rising level of frac activity required to simply keep our customers’ production flat.

Two factors summarize today’s frac market: full utilization of existing frac capacity and strong demand for gas-powered fleets that significantly reduce fuel costs – natural gas is much cheaper than diesel – while driving down frac fleet emissions. This transition to natural gas-powered fleets is happening at a measured pace, roughly aligned with the attrition of the industry’s older generation diesel frac capacity.

Today’s tight frac market creates a sense of urgency among E&P operators to align with top tier partners for both differential long-term technology and outstanding service quality required to deliver on their production goals. Over the past few years, Liberty’s team has rapidly innovated to develop the most technically advantaged frac fleet with digiFrac, and 2022 marks the first commercial deployment of these game changing pumps. Liberty continues to diversify its offering with an exciting suite of new technology developments that offer fit-for-purpose scale and technologies for customers with differing needs.

“Looking ahead, we see a multi-year cycle where Liberty’s technology and culture can thrive. Our 11-year annual average Cash Return on Capital Invested (CROCI)⁴ of 23% since our company founding was achieved during a relatively tough period for our industry, and before we had developed the suite of differential technologies and services that we are now rolling out. Today, Liberty is creating opportunity through ingenuity and innovation not just in frac fleet technologies, but also in wet sand handling equipment, logistics software and systems to optimize supply chains, predictive software generating operational efficiencies, and so much more,” commented Mr. Wright. “We enter 2023 with significant competitive advantages that enable strong partnerships with the best producers and drive demand for Liberty services far beyond our capacity to supply. These factors are likely to deliver rising free cash flow and strong returns to our shareholders in the years ahead.”

Share Repurchase Program

On January 24, 2023, the Board approved an increase to Liberty’s existing share repurchase authorization announced July 25, 2022 to $500 million, a $250 million increase from the originally authorized amount.

During the year ended December 31, 2022, Liberty repurchased and retired 8,185,890 shares of Class A common stock, representing 4.4% of shares outstanding at program commencement, for approximately $125 million. With this program expansion, total remaining authorization for future common share repurchases is approximately $375 million.

The shares may be repurchased from time to time in open market transactions, through block trades, in privately negotiated transactions, through derivative transactions or by other means in accordance with federal securities laws. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including management’s assessment of the intrinsic value of the Company’s common stock, the market price of the Company’s common stock, general market and economic conditions, available liquidity, compliance with the Company’s debt and other agreements, applicable legal requirements, and other considerations. The exact number of shares to be repurchased by the Company is not guaranteed, and the program may be suspended, modified, or discontinued at any time without prior notice. The Company expects to fund the repurchases by using cash on hand, borrowings under its revolving credit facility and expected free cash flow to be generated through the authorization period.

Quarterly Cash Dividend

During the quarter ended December 31, 2022 the Company paid a quarterly cash dividend of $0.05 per share of Class A common stock, or approximately $9 million in aggregate to shareholders.

On January 24, 2023, the Board declared a cash dividend of $0.05 per share of Class A common stock, to be paid on March 20, 2023 to holders of record as of March 6, 2023.

Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on market conditions and capital availability.

2022 Full Year Results

For the year ended December 31, 2022, revenue grew to $4.1 billion, an increase of 68% from $2.5 billion for the year ended December 31, 2021.

Net income before income taxes totaled $400 million for the year ended December 31, 2022 compared to a net loss before income taxes of $178 million for the year ended December 31, 2021. Net income before income taxes for the year ended December 31, 2022 included non-recurring transaction, severance and other costs of $6 million compared to $15 million for the year ended December 31, 2021.

Net income¹ (after taxes) totaled $400 million for the year ended December 31, 2022 compared to a net loss¹ (after taxes) of $187 million for the year ended December 31, 2021.

Adjusted EBITDA² of $860 million for the year ended December 31, 2022, increased 612% from $121 million for the year ended December 31, 2021. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release.

Fully diluted earnings per share was $2.11 for the year ended December 31, 2022 compared to a fully diluted loss per share of $1.03 per share for the year ended December 31, 2021.

In 2021, cumulative net losses due to the Covid downturn resulted in the recognition of a valuation allowance on certain deferred tax assets and a related remeasurement of the liability under the tax receivable agreements (TRA Liability) resulting in a non-cash gain of $19 million. In 2022, recent cumulative earnings resulted in the release of the valuation allowance recorded in 2021 and a related remeasurement of the TRA Liability for a non-cash loss of $76 million.

Fourth Quarter Results

For the fourth quarter of 2022, revenue grew to $1.2 billion, an increase of 3% from $1.2 billion in the third quarter of 2022.

Net income before income taxes totaled $149 million for the fourth quarter of 2022 compared to $150 million for the third quarter of 2022.

Net income¹ (after taxes) totaled $153 million for the fourth quarter of 2022 compared to $147 million in the third quarter of 2022.

Adjusted EBITDA² of $295 million for the fourth quarter of 2022 increased 7% from $277 million in the third quarter of 2022. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release.

Fully diluted earnings per share was $0.82 for the fourth quarter of 2022 compared to $0.78 for the third quarter of 2022.

Balance Sheet and Liquidity

As of December 31, 2022, Liberty had cash on hand of $44 million, an increase from third quarter levels, and total debt of $218 million including $115 million drawn on the secured asset-based revolving credit facility (“ABL Facility”), net of deferred financing costs and original issue discount. Total liquidity, including availability under the credit facility, was $351 million as of December 31, 2022.

In January 2023, Liberty amended its ABL Facility to provide for a $100 million increase in aggregate commitments to $525 million. Availability under the amended ABL Facility is subject to a borrowing base, supported by receivables and inventory. In conjunction with the credit facility amendment, Liberty retired its $105 million term loan due September 2024, with cash and ABL Facility availability.

Conference Call

Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 26, 2023. Presenting Liberty’s results will be Chris Wright, Chief Executive Officer; Ron Gusek, President; and Michael Stock, Chief Financial Officer.

Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 3034644. The replay will be available until February 2, 2023.

About Liberty

Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

Non-GAAP Financial Measures

This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA, ROCE, and CROCI. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock-based compensation, new fleet or new basin start-up costs, fleet lay-down costs, costs of asset acquisitions, gain or loss on the disposal of assets, bad debt reserves, transaction, severance, and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements, the gain on investments, and other non-recurring expenses that management does not consider in assessing ongoing performance.

Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion, and amortization) and other items that impact the comparability of financial results from period to period. We present EBITDA and Adjusted EBITDA because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP.

We define Adjusted Pre-Tax Return on Capital Employed (“ROCE”) as the ratio of pre-tax net income (adding back income tax and tax receivable agreement impacts) for the twelve months ended December 31, 2022 to Average Capital Employed. Average Capital Employed is the simple average of total capital employed (both debt and equity) as of December 31, 2022 and December 31, 2021. Cash Return on Capital Invested (“CROCI”) is defined as the ratio of Adjusted EBITDA to the average of the beginning and ending period Gross Capital Invested (total assets plus accumulated depreciation and depletion less non-interest bearing current liabilities). ROCE and CROCI are presented based on our management's belief that these non-GAAP measures are useful information to investors when evaluating our profitability and the efficiency with which management has employed capital over time. Our management uses ROCE and CROCI for that purpose. ROCE and CROCI are not a measure of financial performance under U.S. GAAP and should not be considered an alternative to net income, as defined by U.S. GAAP

Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures for a reconciliation or calculation of the non-GAAP financial or operational measures to the most directly comparable GAAP measure.

Forward-Looking and Cautionary Statements

The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included herein concerning, among other things, statements about our expected growth from recent acquisitions, expected performance, future operating results, oil and natural gas demand and prices and the outlook for the oil and gas industry, future global economic conditions, improvements in operating procedures and technology, our business strategy and the business strategies of our customers, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “outlook,” “project,” “plan,” “position,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “likely,” “should,” “could,” and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on February 22, 2022 and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.

Michael Stock
Chief Financial Officer

Anjali Voria, CFA
Strategic Finance & Investor Relations Lead

303-515-2851
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading Energy as a Service (EaaS) provider, announced today it will release its fourth quarter and full year 2022 results after the markets close on February 22, 2023, to be followed by a conference call to discuss the results at 8:00 a.m. Eastern Time on February 23, 2023.

The conference call can be accessed live over the phone by dialing 844-200-6205, or for international callers, 929-526-1599. The access code for the live call is 598836.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at https://investors.sunnova.com.

About Sunnova

Sunnova Energy International Inc. (NYSE: NOVA) is a leading Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.

For more information, visit www.sunnova.com, follow us on Twitter @SunnovaEnergy and Instagram @SunnovaEnergy .

Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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(281) 971-3323

Press & Media Contact
Matt Dallas
Media Relations
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917-363-1333

RENNES, France--(BUSINESS WIRE)--Sphering announces the most important acquisition in the Group history with eka-edelstahlkamine, founded 37 years ago and located in Untersteinach, Germany.

This new acquisition, mastered with success only a few weeks after the acquisition of SFL in the UK, highlights the capacity of the Group to be an undisputed market maker on its domestic territories.

With the addition of two new production plants, the Group now employs +1000 people operating in France, Belgium, Germany, Italy, Poland, the UK and the Czech Republic.

With EKA, the business volume step changes by 25% and gives the Group a leading position in the largest European market. EKA brings to the Sphering Group an unrivalled combination of technology and processes for great flue and air-care deliveries from high runners to specials on the German speaking countries.

Sphering demonstrates once again the power of its winning operating model as an EU industrial collider. Based on the autonomy of its operations and brands, this unique combination of local and global enables a better grip and grit to answer local specific needs and regulations.

Coupled to the recent acquisitions, the constant investments in R&D at our WeLab and production capabilities position Sphering as a vivid EU market maker, to match any requirement in flues & chimneys.

Sphering Group is now present in most of the European territories and continues to push back the boundaries of its operations.

About Sphering Group

Sphering is the main flues and chimneys industrial player on the European market with a turnover of 190 million euros and more than 1000 employees.

Sphering expands its industrial presence with leader brands and wide product ranges, powered by its internal innovation and test laboratories “WeLab”. The Group’s brands are: Apros, Eurotip, Joncoux, Lorflex, MK, SFL, and EKA.

Sphering celebrated a century of existence in 2019. Faithful to its historical values, Sphering has implemented its CARE policy with customers, employees, secured and efficient product, environment, and society. Supported by committed local teams and backed by a controlled financial stability, the Group has demonstrated its ability to carry out rapid, structured, and profitable growth.

Learn more : www.sphering-group.com

Charlène Salmon
Corporate Communication Manager
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+33 6 07 66 59 70

Year-over-year Quarterly Revenue Growth of 25 Percent; Design-Ins Totaling $1.5 Billion

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2023.

Quarterly Financial Highlights (all comparisons are to the second quarter of fiscal 2022, unless otherwise noted)

• Revenue of $216.1 million, compared to $173.1 million
• GAAP gross margin of 31.0%, compared to 32.9%
• Non-GAAP gross margin of 33.6%, compared to 35.4%
• GAAP net loss of $90.9 million, or $0.73 per diluted share, compared to $96.7 million, or $0.82 per diluted share
• Non-GAAP net loss of $14.2 million, or $0.11 per diluted share, compared to $18.6 million, or $0.16 per diluted share
• Quarterly design-ins of $1.5 billion

"We are pleased to report another quarter of more than $1 billion of design-ins, highlighting the continued demand for our Silicon Carbide technology," said Wolfspeed Chief Executive Officer, Gregg Lowe. "Though there has been some demand pressure on 5G that has impacted our RF product line, our power devices continue to penetrate more of the market, with strong customer demand and new partnerships with large multinational auto manufacturers, such as Jaguar Land Rover and Mercedes, and automotive Tier-1s, such as BorgWarner and ZF."

Lowe continued, "We are capitalizing on the immense opportunity in next-generation power devices by expanding our capacity footprint. During the quarter we made great strides in both financing and facility development. We closed on a convertible note offering of $1.75 billion, which will directly support our expansion efforts, while continuing to make progress on the construction of the new materials factory in Siler City, North Carolina and the ramp of our Mohawk Valley device fab. Related to Mohawk Valley, a first-of-its-kind fab, we anticipate recognizing revenue from the facility in the second half of fiscal 2023 and we are in the final stages of scaling production. We remain on a trajectory to meet this target, but that will largely depend on both our ability to complete qualifications and ramp up the supply of 200mm wafers, which we believe we will achieve. We are confident that the investments we are making today in Silicon Carbide capacity will generate solid returns for customers and investors over the long run."

Business Outlook:

For its third quarter of fiscal 2023, Wolfspeed targets revenue in a range of $210 million to $230 million. GAAP net loss is targeted at $81 million to $88 million, or $0.65 to $0.71 per diluted share. Non-GAAP net loss is targeted to be in a range of $15 million to $20 million, or $0.12 to $0.16 per diluted share. Targeted non-GAAP net loss excludes $66 million to $68 million of estimated expenses, net of tax, related to stock-based compensation expense, amortization or impairment of acquisition-related intangibles, factory start-up and underutilization costs, amortization of debt issuance costs, net of capitalized interest, project, transformation and transaction costs and loss on Wafer Supply Agreement.

Quarterly Conference Call:

Wolfspeed will host a conference call at 5:00 p.m. Eastern time today to review the highlights of its second quarter results and the fiscal third quarter 2023 business outlook, including significant factors and assumptions underlying the targets noted above.

The conference call will be available to the public through a live audio web broadcast via the Internet. For webcast details, visit Wolfspeed's website at investor.wolfspeed.com/events.cfm.

Supplemental financial information, including the non-GAAP reconciliation attached to this press release, is available on Wolfspeed's website at investor.wolfspeed.com/results.cfm.

About Wolfspeed, Inc.

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and gallium nitride (GaN) technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide and GaN materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Non-GAAP Financial Measures:

This press release highlights the Company's financial results on both a GAAP and a non-GAAP basis. The GAAP results include certain costs, charges and expenses that are excluded from non-GAAP results. By publishing the non-GAAP measures, management intends to provide investors with additional information to further analyze the Company's performance, core results and underlying trends. Wolfspeed's management evaluates results and makes operating decisions using both GAAP and non-GAAP measures included in this press release. Non-GAAP results are not prepared in accordance with GAAP and non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in accordance with GAAP. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures attached to this press release.

Forward Looking Statements:

The schedules attached to this release are an integral part of the release. This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our plans to grow the business and our ability to achieve our targets for the third quarter of fiscal 2023 and periods beyond. Actual results could differ materially due to a number of factors, including but not limited to, ongoing uncertainty in global economic and geopolitical conditions, including the ongoing military conflict between Russia and Ukraine, infrastructure development or customer or industrial demand that could negatively affect product demand, including as a result of an economic slowdown or recession, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks related to international sales and purchases; risks associated with our expansion plans, including design and construction delays and cost overruns, timing and amount of government incentives actually received, issues in installing and qualifying new equipment and ramping production, poor production process yields and quality control, and potential increases to our restructuring costs; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs, lower yields and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; product mix; risks associated with the ramp-up of production of our new products, and our entry into new business channels different from those in which we have historically operated; our ability to convert customer design-ins to sales of significant volume, and, if customer design-in activity does result in such sales, when such sales will ultimately occur and what the amount of such sales will be; the risk that the economic and political uncertainty caused by the tariffs imposed by the United States on Chinese goods, and corresponding Chinese tariffs and currency devaluation in response, may negatively impact demand for our products; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that our investments may experience periods of significant market value and interest rate volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; risks relating to the ongoing COVID-19 pandemic, including the risk of new and different government restrictions and regulations that limit our ability to do business, the risk of infection in our workforce and subsequent impact on our ability to conduct business, the risk that our supply chain, including our contract manufacturers, or customer demand may be negatively impacted, the risk posed by vaccine resistance and the emergence of fast-spreading variants, the risk that the COVID-19 pandemic will contribute to a global recession and the potential for costs associated with our operations during the fiscal 2023 third quarter and future quarters to be greater than we anticipate as a result of all of these factors; the risk we may be required to record a significant charge to earnings if our remaining goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs; risks associated with strategic transactions; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10-K for the fiscal year ended June 26, 2022, and subsequent reports filed with the SEC. These forward-looking statements represent Wolfspeed's judgment as of the date of this release. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC, Wolfspeed disclaims any intent or obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

Wolfspeed^® is a registered trademark of Wolfspeed, Inc.

Wolfspeed, Inc.
Non-GAAP Measures of Financial Performance

To supplement the Company's consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, Wolfspeed uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross margin, non-GAAP operating (loss) income, non-GAAP non-operating income (expense), net, non-GAAP net (loss) income, non-GAAP diluted (loss) earnings per share and free cash flow.

Reconciliation to the nearest GAAP measure of all historical non-GAAP measures included in this press release can be found in the tables included with this press release.

Non-GAAP measures presented in this press release are not in accordance with or an alternative to measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Wolfspeed's results of operations as determined in accordance with GAAP. These non-GAAP measures should only be used to evaluate Wolfspeed's results of operations in conjunction with the corresponding GAAP measures.

Wolfspeed believes that these non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, enhance investors' and management's overall understanding of the Company's current financial performance and the Company's prospects for the future, including cash flows available to pursue opportunities to enhance shareholder value. In addition, because Wolfspeed has historically reported certain non-GAAP results to investors, the Company believes the inclusion of non-GAAP measures provides consistency in the Company's financial reporting.

For its internal budgeting process, and as discussed further below, Wolfspeed's management uses financial statements that do not include the items listed below and the income tax effects associated with the foregoing. Wolfspeed's management also uses non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the Company's financial results.

Wolfspeed excludes the following items from one or more of its non-GAAP measures when applicable:

Stock-based compensation expense. This expense consists of expenses for stock options, restricted stock, performance stock awards and employee stock purchases through its Employee Stock Purchase Program. Wolfspeed excludes stock-based compensation expenses from its non-GAAP measures because they are non-cash expenses that Wolfspeed does not believe are reflective of ongoing operating results.

Amortization or impairment of acquisition-related intangibles. Wolfspeed incurs amortization or impairment of acquisition-related intangibles in connection with acquisitions. Wolfspeed excludes these items because they arise from Wolfspeed's prior acquisitions and have no direct correlation to the ongoing operating results of Wolfspeed's business.

Factory start-up and underutilization costs. The Company has incurred and will incur start-up costs relating to the Company's new device fabrication facility in Marcy, New York. Additionally, as part of the factory optimization plan, the Company incurred start-up costs relating to the Company's materials factory expansion in Durham, North Carolina. Wolfspeed does not believe these costs are reflective of ongoing operating results.

In the second half of fiscal 2023, Wolfspeed expects to start incurring factory underutilization costs associated with the ramping of production at the Marcy, New York facility. These costs represent significant fixed and indirect operating costs of the facility incurred after production begins but before the facility is able to produce at its full utilization. Wolfspeed does not believe these costs are reflective of ongoing operating results.

In fiscal 2023, the Company targets approximately $125 million of start-up and underutilization costs primarily related to ramping of production at the Marcy, New York facility.

Project, transformation and transaction costs. The Company has incurred professional services fees and other costs associated with completed and potential acquisitions and divestitures, as well as internal transformation programs focused on optimizing the Company's administrative processes. Wolfspeed excludes these items because Wolfspeed believes they are not reflective of the ongoing operating results of Wolfspeed's business.

Restructuring costs. The Company has incurred restructuring costs in connection with various operating plans, including a multi-year factory optimization plan anchored by a state-of-the-art, automated 200mm Silicon Carbide device fabrication facility in Marcy, New York to complement a factory expansion at its U.S. campus headquarters in Durham, North Carolina. Because these charges relate to assets which had been retired prior to the end of their estimated useful lives, Wolfspeed does not believe these costs are reflective of ongoing operating results. Similarly, Wolfspeed does not consider the realized net losses on sale of assets relating to the restructuring to be reflective of ongoing operating results.

Non-restructuring related executive severance. The Company has incurred costs in conjunction with the termination of key executive personnel. Wolfspeed excludes these items because Wolfspeed believes they have no direct correlation to the ongoing operating results of Wolfspeed's business.

Gain on arbitration proceedings. In the first quarter of fiscal 2023, Wolfspeed received an arbitration award in relation to a former customer failing to fulfill contractual obligations to purchase a certain amount of product over a period of time. A final payment was received in the second quarter of fiscal 2023. Wolfspeed excludes this item because Wolfspeed believes it is not reflective of the ongoing operating results of Wolfspeed's business.

Loss on debt extinguishment related to the conversion of 2023 Notes. In the second quarter of fiscal 2022, all outstanding 0.875% convertible senior notes due 2023 (2023 Notes) and issued in August 2018 were surrendered for conversion, resulting in the settlement of the 2023 Notes in approximately 7.1 million shares of the Company's common stock. This conversion resulted in a loss on extinguishment of convertible notes. Wolfspeed excludes this item because Wolfspeed believes it is not reflective of the ongoing operating results of Wolfspeed's business.

Amortization of discount and debt issuance costs, net of capitalized interest. The issuance of the Company's convertible senior notes in April 2020, February 2022 and November 2022 results in amortization of the convertible notes' issue costs and, in the prior period before our adoption of ASU 2020-06, interest accretion of the convertible notes' discount.

Tyler Gronbach
Wolfspeed, Inc.
Vice President, Investor Relations
Phone: 919-407-4820
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LONDON--(BUSINESS WIRE)--Ricardo plc, a global strategic, environmental and engineering consulting company, today announces the acquisition of a 93% shareholding of E3-Modelling S.A., a consultancy specialising in delivering advanced empirical modelling of the energy-economy-environment nexus.

E3M’s 34-strong team develops and maintains large-scale models across the energy, environment and transport sectors. Its expertise focuses on the design and impact analysis of the transition of all possible types of power generation technologies, several types of alternative green fuels, energy demand efficiency and mobility restructuring, taking into account the impact of major energy policies on the economies of European countries and globally, with details for more than 50 economic activities. Its integrated modelling tools provide informed, transparent and robust analysis as well as recommendations for its high-profile clients which include the European Commission, national governments, energy regulators and a number of private companies in the energy and transport sectors, financial institutions and strategic consultancies.

Over the past 30 years, E3-Modelling has carried out consultancy on all major European energy and climate policy initiatives, and its large-scale energy, economy and transport models have been applied at the very heart of European Commission policymaking.

“Ricardo’s acquisition of E3-Modelling is fully aligned with our ambition to become a global leader in strategy and engineering consultancy for environmental and energy-transition solutions.” said, Graham Ritchie, Ricardo CEO. “It provides an opportunity to deliver repeatable digital models focused on energy markets, climate change and the decarbonisation of transport to governments and corporate clients globally. We already have a strong working relationship with E3-Modelling having worked together for over 10 years, and this acquisition is a natural advancement, combining our skillsets to offer a transformational contribution to Ricardo’s energy and environmental services portfolio.”

Prof. Emeritus Pantelis Capros and Dr. Leonidas Paroussos of E3-Modelling S.A. added: "We are very excited to be joining an energy & environmental consultancy of Ricardo’s pedigree and to see the business we've built embark on its next stage of growth. By leveraging Ricardo’s scale and resources, we will be able to expand our reach beyond Europe and broaden our modelling services as we assess the implications of energy, climate and sustainable development policies for our clients.”

E3M provides digital modelling capabilities right across the markets that Ricardo serves, making the acquisition highly complementary to Ricardo’s unique position at the intersection of the energy, environment and mobility agendas. To date, the use of E3M’s models has largely focused on Europe and neighbouring countries. The combination of E3M’s capabilities and expertise with Ricardo’s global footprint, services and diversified market expansion will support the Group in creating additional value for its global client base that are focused on their transition towards a low-carbon future.

~ENDS~

About Ricardo

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 colleagues in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com

About E3-Modelling

E3-Modelling is a société anonyme (S.A.) company, established in Greece, as a knowledge-intensive consulting company. We deliver consulting services based on the large-scale empirical modelling of the economy-energy-environment nexus: PRIMES, GEM-E3 and Prometheus. We focus on the design of transition in the energy market and systems, both demand and supply of energy, towards green and climate-friendly structures and technologies. With the modelling, we help to assess the transitions from economic, policy and implementation perspectives putting emphasis on the functioning of the system and the markets as a whole when policy instruments influence behaviours and market outcomes. Visit www.e3modelling.com

Media contacts:
Natasha Perfect, Ricardo This email address is being protected from spambots. You need JavaScript enabled to view it.
Elisabeth Cowell, SECNewgate This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release fourth quarter and full year 2022 financial results after the market closes on Wednesday, February 22, 2023. A conference call will be held on Thursday, February 23, 2023 at 7:30 a.m. Central Time.

Webcast:
A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13734727
The playback can be accessed through March 9, 2023.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases, and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at texaspacific.com.

Investor Relations
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• Oklo has submitted a licensing project plan to the U.S. Nuclear Regulatory Commission, outlining Oklo's plans for pre-application engagement activities that support the submission of a license application for its commercial-scale fuel recycling facility.
• The first-of-a-kind fuel recycling facility will produce fuel to support the deployment of Oklo's advanced fission power plants.
• Used fuel (also called "spent nuclear fuel" or "nuclear waste") from existing plants has over 90% of its energy content remaining. Existing inventories of used fuel in the U.S. could power the country’s energy needs for over 150 years.
• Oklo's commitment to supporting and building domestic infrastructure will enable secure and economical fuel supplies for advanced reactors.

SANTA CLARA, Calif.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. has submitted a Licensing Project Plan (LPP) to the U.S. Nuclear Regulatory Commission (NRC), outlining Oklo's plans for pre-application engagement activities that support the future licensing of a first-of-a-kind fuel recycling facility. Conducting these activities provides early identification and reconciliation of regulatory requirements, enabling efficient and effective NRC license application review through a process which is equivalent to a staged licensing approach with the benefits of flexibility and customization. Oklo's commercial-scale fuel recycling facility will support the deployment of Oklo's advanced fission power plants.

Oklo has a unique position within the nuclear fuel cycle by being able to recycle used fuel from other reactors as well as its own reactors. "The ability to economically recycle fuel is an important attribute for developing domestic fuel supplies, and offering recycling services also presents a sizeable opportunity," said Jacob DeWitte, co-founder and CEO of Oklo. Used nuclear fuel can be transformed into an energy resource since used fuel is nearly 95% recyclable. The energy content in today's used fuel can produce the country's power needs for over 150 years. "We are taking a major step forward in bringing meaningful fuel recycling capabilities domestically that will produce cost-competitive fuel," added DeWitte. Oklo and its partners have been selected by the U.S. Department of Energy for four cost-share projects to commercialize advanced recycling technologies to produce fuel from used fuel, exemplifying its leadership while working towards deploying an NRC-licensed fuel recycling facility.

Oklo's commitment to domestic fuel supply infrastructure will help ensure advanced reactor fuel is produced economically and efficiently for its power plants. Used nuclear fuel recycling will help accelerate how quickly we decarbonize while facilitating a more sustainable and secure energy future for the country.

About Oklo Inc.: Oklo Inc. (Oklo) is developing advanced fission power plants to provide emission-free, reliable, and affordable energy. Oklo received a Site Use Permit from the U.S Department of Energy, has performed successful prototypic fuel fabrication, was awarded fuel material from Idaho National Laboratory, developed the first advanced fission combined license application accepted and docketed by the U.S. Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories.

Media Contact for Oklo:
Bonita Chester
Director of Communications and Media
Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN RAMON, Calif.--(BUSINESS WIRE)--The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable March 10, 2023, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2023. This increase puts Chevron on track to make 2023 the 36^th consecutive year with an increase in annual dividend payout per share.

The Board also authorized the repurchase of the company’s shares of common stock in an aggregate amount of $75 billion. The $75 billion authorization takes effect on April 1, 2023, and does not have a fixed expiration date. It replaces the Board’s previous repurchase authorization of $25 billion from January 2019, which will terminate on March 31, 2023, after the completion of the company’s repurchases in the first quarter 2023.

Repurchases of shares of the company’s common stock may be made from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined by the company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

NOTICE As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Randy Stuart
+1 713-283-8609

TROY, Mich.--(BUSINESS WIRE)--OWL Services™, a premier sales, installation, program management, compliance, and service partner to industrial, commercial fleet, and electrical vehicle charging and fueling companies, today announced that it is a proud recipient of an award for Deployment Excellence from EVgo in the first-ever class of awardees in the National EV Charging Recognition Program. OWL has been recognized as an ‘EV Charging Hero’ for the category of Contractors and Design/Build Partners.

The National EV Charging Recognition Program, presented by Connect the Watts, celebrates leaders in the EV charging ecosystem for their work and achievements in driving the electrification of transportation. The program recognizes ‘EV Charging Heroes’ across the different sectors that work alongside EV charging companies to develop charging infrastructure, including site hosts, utilities, local and state governments, engineers, contractors, and equipment vendors.

“With the Inflation Reduction Act recently signed into law, the development of a nationwide EV charging network has more momentum than ever. EVgo recognizes that turning this momentum into results will require key players throughout the charging ecosystem to rise to the occasion,” said Cathy Zoi, CEO of EVgo. “EVgo created the National EV Charging Recognition Program to honor trailblazers in the EV charging industry and inspire others to join our efforts to accelerate the deployment of fast charging infrastructure.”

“We are thrilled to receive this award from a partner like EVgo,” said Greg Ergenbright, CEO OWL Services. “EVgo’s National EV Charging Recognition Program embodies our commitment to enabling the energy transition in America. As the leading turnkey services company to EV charging and fueling companies, we are deeply committed to keeping people powered up and on the go in a reliable and sustainable way. We sincerely thank EVgo for this honor and look forward to working with others in the Connect the Watts community to make even more progress in transportation electrification.”

About EVgo

EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through renewable energy certificates.

As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel and play.

About OWL Services

Headquartered in the Metro Detroit area with over 21 offices and 1,400 field service professionals, OWL Services™ is the premier sales, installation, program management, compliance and service provider to industrial, commercial fleet, and electrical vehicle charging and fueling companies across North America.

OWL Services was created by combining the long-standing industry expertise of Oscar W. Larson Company, WildcoPES, CBE, Crompco, e-Structure Solutions, Great Dane Petroleum, and JBI Electrical Systems.

Learn more at owlservices.com. Connect with us on LinkedIn.

Audra Hession
EVP Marketing & Communications
OWL Services
(E) This email address is being protected from spambots. You need JavaScript enabled to view it.
(M) +1 203 918 5987

Distribution Represents Approximate 75 Percent Increase Compared to Prior Year

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.305 per Energy Transfer common unit ($1.22 on an annualized basis) for the fourth quarter ended December 31, 2022, which will be paid on February 21, 2023 to unitholders of record as of the close of business on February 7, 2023.

The distribution per unit is an approximate 75 percent increase over the fourth quarter of 2021 and is a 15 percent increase over the third quarter of 2022. This distribution increase represents another step in Energy Transfer’s plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Future distributions will be evaluated, while balancing the partnership’s leverage target, growth opportunities and unit buy-backs.

In addition, as previously announced, Energy Transfer plans to release earnings for the fourth quarter and full year 2022 on Wednesday, February 15, 2023, after the market closes. The company will also conduct a conference call on Wednesday, February 15, 2023 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update including an outlook for 2023. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels and leverage ratio, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Qualified Notice

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

The information contained in this press release is available on our website at energytransfer.com.

Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795

Media Relations:
Vicki Granado
214-840-5820

DUBLIN--(BUSINESS WIRE)--The "Solar Thermal Market By Collector Type, By System, By Application, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The global solar thermal market size was valued at $21.5 billion in 2021, and projected to reach $35.3 billion by 2031, with a CAGR of 5.1% from 2022 to 2031.

Solar thermal is an energy source, which is free of emissions. Solar thermal systems use sunrays to produce heat, which is subsequently used to operate different systems. They are usually composed of panels that absorb the sunrays. The panels utilized can be concentrating solar panels that are photovoltaic.

Concentrating solar panels are the most recommended panels for solar thermal systems, as they generate larger volume of energy and caters to increasing energy need as compared to photovoltaic panels. Increase has been witnessed in the adoption of solar thermal systems, owing to rise in need to meet renewable energy goals of various countries. Solar thermal systems are relatively low in maintenance, as they use simplified technologies and passive systems without relocating components.

Introducing clean fuel substitutes to curb carbon emissions is one of the factors responsible for the market growth. Solar thermal systems can be installed for a range of applications, which vastly reduce the consumption of fossil fuels. This is expected to act as a remunerative opportunity for the solar thermal market, along with operational and economic benefits for both the user and the service provider.

In addition, rise in demand for continuous power supply and increase in adoption of decentralized power systems are projected to boost the growth of the solar thermal market. The ability to generate power round the clock in line with energy storage capability is expected to further increase demand for the product. However, insufficient rewards for investment may pose a market challenge. Taxation policies could increase costs that would lead to high energy prices. Economical and technical viability further serves as a key concern, as the costs of the equipment is high.

Impact of Covid-19 on Global Solar Thermal Market

The global COVID-19 pandemic had a negative impact on the solar thermal market. The major problems being it might be possible that companies may not be able to meet project delivery timelines that could alter tax treatment or eligibility for state incentives for such projects.

In November 2020, the City of Albuquerque Parks and Recreation announced the temporary closure of the Highland Pool to limit the spread of the virus to employees. Such disruptions across the swimming pool facilities may create an indirect impact on the deployment of solar thermal heating systems.

Post pandemic outbreak, the gradual surge in the construction sector and tourism industry has led to increase in the demand for solar thermal systems. The government of various developing and developed countries has invested in the development of solar thermal power plants in order to reduce their imports of fossil fuels, and other energy resources.

Furthermore, increase in awareness among people regarding the impact of conventional water heating systems in residential applications will drive the demand for solar thermal systems. The trend is expected to continue during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar thermal market analysis from 2021 to 2031 to identify the prevailing solar thermal market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the solar thermal market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global solar thermal market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

• Hot Water Systems
• Type
• Domestic
• Large
• Solar Combi Systems
• Swimming Pool Heating
• Others

By End Use

• Residential
• Commercial
• Industrial

By Collector Type

• Evacuated Tube Collector
• Flat Plate Collector
• Unglazed Water Collector
• Air Collector

By System

• Thermosiphon Solar Heating System
• Pumped Solar Heating System

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Italy
• Spain
• UK
• France
• Rest Of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest Of Asia-Pacific
• LAMEA
• Brazil
• Chile
• South Africa
• Rest Of LAMEA

Key Market Players

• Solareast Holdings Co. Ltd,
• Greenonetec Solarindustrie GmbH,
• BTE solar Co. Ltd,
• Linuo Ritter International Co. Ltd,
• Photon Energy Systems Limited.
• BrightSource Energy
• Abengoa Solar
• Siemens AG
• Acciona
• SolarReserve
• Torresol Energy
• Trivelli Energy
• Sener
• Lointek
• SCHOTT
• Abors green GmbH
• Liontek

For more information about this report visit https://www.researchandmarkets.com/r/2axvzm-thermal?w=4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--#energyexploration--Geospace Technologies (NASDAQ: GEOS) today announced that it will release first quarter 2023 financial results on Wednesday, February 8, 2023 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, February 9, 2023 at 10:00 a.m. Eastern Time (9:00 a.m. Central).

WHAT:

Geospace Technologies First Quarter 2023 Results Conference Call

WHEN:

Thursday, February 9 at 10:00 a.m. Eastern Time (9:00 a.m. Central)

HOW:

Live via phone – U.S. participants can dial toll free (800) 274-8461. International participants can dial (203) 518-9843. Please reference the Geospace Technologies conference ID: GEOSQ123 prior to the start of the conference call.

For those who cannot listen to the live call, a replay will be available for approximately 60 days and may be accessed through the Investor Relations page.

Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government, and commercial customers worldwide. The company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, Geospace’s more than 500 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange as GEOS. For more information, visit www.Geospace.com.

Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.39 per share. The dividend will be payable on April 3, 2023, to shareowners of record as of March 15, 2023.

The Company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 569,300 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 386 megawatts, providing residential and commercial customers with low-carbon solutions.
• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The Sunlight Advantage^®.

For more information about NJR: www.njresources.com.

Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

Media:
Mike Kinney
732-938-1031
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Investor:
Adam Prior
732-938-1145
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) announced today that it expects to announce its 2022 fourth quarter and year-end financial results after the close of North American markets on Thursday February 16, 2023.

A conference call and webcast to discuss the 2022 fourth quarter and full year financial results will be held at 10:30 AM EDT on Friday February 17, 2023. To listen to the live webcast, please use the following link: Register Here. The webcast will be available for replay on Superior's website at: www.superiorplus.com under the Events section.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).

Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran, Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587)

Announces $20 million endowment of charitable foundations with funding provided over the past two years

WALL, N.J.--(BUSINESS WIRE)--In conjunction with its 70^th Annual Shareowners Meeting, New Jersey Resources (NYSE: NJR) released its fiscal 2022 Corporate Sustainability Report, highlighting progress on its sustainability agenda spanning environmental, social and governance initiatives — including emission reduction goals and decarbonization priorities — across the company.

“As a leader in the energy industry and sustainability, New Jersey Resources continues to deliver strong results for our stakeholders,” said Steve Westhoven, President and CEO of New Jersey Resources. “This past year has seen an immense change in the conversation about energy in America and how to ensure it remains accessible, reliable, affordable and clean. As we move into 2023, we are optimistic and sharply focused on a path forward that will advance sustainability goals and drive more innovation, action and positive impacts in our communities.”

Highlights within NJR’s 2022 Corporate Sustainability Report include:

• Achieved a 59% reduction in operational emissions in New Jersey from the 2006 baseline, advancing NJR’s goal to reach a 60% reduction by 2030.
• Eliminated both unprotected bare steel and cast iron from New Jersey Natural Gas’ (NJNG) distribution system. NJNG is the first natural gas utility in New Jersey to achieve this and currently operates the most environmentally sound natural gas delivery system with the fewest leaks per mile in the state.
• Completed the first year of operation of NJNG’s milestone green hydrogen blending facility, which showcases the real-world value of its pipeline infrastructure to integrate, store, transport and deliver blended green hydrogen. Clean hydrogen has emerged as a critical tool in achieving emissions reduction goals in a variety of sectors and is a key focus of federal policy and recently passed legislation.
• Continued its track record of energy-efficiency leadership with over $53 million in energy-efficiency initiatives, which was NJNG’s largest annual investment to date in The SAVEGREEN Project^®. The energy-efficiency offerings help provide immediate emissions reduction by lowering energy consumption, regardless of fuel type, and reducing energy bills — creating a win-win proposition for participating homeowners and businesses. The program is an essential component of NJNG’s decarbonization strategy and critical to reaching New Jersey’s 2050 carbon reduction goals.
• Advanced NJR’s leadership in renewable energy through the development of two projects of national significance: Mount Olive, one of North America’s largest capped landfill installations, and Canoe Brook floating solar, the nation’s largest floating solar array, both located in New Jersey.

NJR also announced $20 million in funding provided to its charitable foundations over the past two years will establish an endowment that will support the company’s philanthropic work long into the future with a focus on community impact and environmental stewardship.

Through its charitable foundations, NJR is solidifying its commitment to the environment with plans to invest up to $2 million over the next five years to support initiatives such as environmental conservation, restoration, enhancement, education and research. Through its Coastal Climate Initiative, NJR will focus its support for nature-based climate solutions that improve local ecosystems and add resiliency to local communities.

“We all have a role to play in addressing climate change and strengthening our communities,” Mr. Westhoven said. “With this dedicated funding, we will continue to take this challenge head-on to help ensure a better, more resilient and more sustainable future for us all.”

To read the full sustainability report, please visit our website: www.njrsustainability.com.

Forward-looking Statements:
Certain statements within this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on NJR will be those anticipated by management. Forward-looking statements in this release include, but are not limited to, certain statements regarding NJR’s environmental, sustainability, emission reduction and clean energy goals, future capital expenditures, including charitable endowments, infrastructure programs and developments, including Mount Olive and Canoe Brook, improvements and initiatives through programs including the Coast Climate Initiative, improvements and investments in decarbonized fuels, such as renewable natural gas and green hydrogen.

Additional information and factors that could cause actual results to differ materially from NJR’s expectations are contained in NJR’s filings with the U.S. Securities and Exchange Commission (“SEC”), including NJR’s Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR’s results of operations and financial condition in connection with its preparation of management’s discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 569,300 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 386 megawatts, providing residential and commercial customers with low-carbon solutions.
• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The Sunlight Advantage^®.

For more information about NJR:
www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

Media:
Mike Kinney
732-938-1031
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors:
Adam Prior
732-938-1145
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