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Life Time Debuts Series of Complimentary Digital Classes for Moms and Kids Ahead of Mother’s Day

PR Newswire

Newly launched classes on free Life Time app empower moms and kids to stay 
fit and healthy together anywhere and anytime


CHANHASSEN, Minn.
, May 5, 2025 /PRNewswire/ — Just in time for Mother’s Day, Life Time (NYSE: LTH), the nation’s premier healthy lifestyle brand, is launching a new series of On-demand classes created with Mom and Kids in mind and available to everyone on the complimentary Life Time app.

These family centered classes are a great addition to the free, on-demand programming we offer on our Life Time app.

The classes, which range from 10 to 30 minutes long, are built to be taken from anywhere and encourage Moms to move together and build healthy habits with their kids – no matter their ages. The classes include:

  • Pilates Fusion with Jayme and her daughter Zo
  • Mobility with Frances and her sons Boston and Porter
  • Strength and Core with Ashley and her daughter Izzi
  • ARORA Dance with Kaylee and her daughter Daisy
  • DANZE with Becca and her daughters Brinley and Nori

According to the CDC, regular movement for children offers numerous benefits such as improved attention and memory, decreased risk of depression, stronger bones and muscles and setting a healthy body weight. Exercising as a family can also help establish healthy habits by setting yourself as a positive role model.

“These new classes were incredibly rewarding to put together and make a great addition to the more than 100 complimentary on-demand classes we offer on the Life Time app,” said Jayme Zylstra, Executive Producer of Digital Programming at Life Time. “As a mom, I know just how impactful it is to model and share healthy habits, and these classes are an accessible way to do that together.”

To access the Mom and Kids collection, starting May 6, users can download the Life Time app in the Apple or Google Play stores and head to the “On Demand” section. The app also includes Life Time’s “Mindful May” program designed to help individuals create a daily, sustainable mindfulness habit through quick guided meditation sessions throughout the month.

The Life Time app is constantly adding to its already robust offerings featuring a wide range of training programs, classes, recipes, content and more to build healthier routines, including:

  • Access to Classes: Choose from hundreds of on-demand classes and livestream classes ranging from five to 60 minutes, led by top Life Time instructors.
  • Custom Health Programs: Access step-by-step, trackable programs, including Glute Camp, 6-Week Shred, Fit & Focused, D.TOX, and a 12-Week half marathon training plan.
  • Healthy Content: Explore thousands of editorial articles from Experience Life magazine, recipes, product recommendations, podcasts, and pickleball training videos.
  • Life Time’s AI Companion L.AI.C: L.AI.C is being trained in all aspects of Life Time’s athletic country clubs, programs and services to quickly assist members with personalized content and recommendations that enhance their experiences and help them save time. Currently available for club members and coming soon for all users of the Life Time app.

For more information, visit
www.lifetime.life/digital-app
. For more information on Life Time, follow along at
LifeTime.Life
on Facebook and on Instagram at @
LifeTime.Life
and on
LinkedIn
.

About Life Time

Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 180 athletic country clubs across the United States and Canada, the complimentary, comprehensive Life Time app and nearly 30 of the most iconic athletic events in the country. The health and wellness pioneer uniquely serves people 90 days to 90+ years old through its healthy living, healthy aging, healthy entertainment communities and ecosystem, along with a range of healthy way of life programs and information, and the most trusted LTH nutritional supplements and products. Life Time was recently certified as a Great Place to Work®, reinforcing its commitment to fostering an exceptional workplace culture on behalf of its more than 42,000 dedicated team members.

 

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SOURCE Life Time, Inc.

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Bladex announces 1Q25 Net Profit of $51.7 Million, or $1.40 per share, resulting in an annualized return on equity of 15.4%

PR Newswire


PANAMA CITY
, May 5, 2025 /PRNewswire/ — Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”, or “the Bank”), a Panama-based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the Region, announced today its results for the First Quarter (“1Q25”) ended March 31, 2025.

The consolidated financial information in this document has been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).           

Financial & Business Highlights

  • Solid quarterly trend profitability, with Net Profits of $51.7 million in 1Q25 (+1% YoY), fostered by strong top-line performance, as total revenues increased +7% YoY.  Annualized Return on Equity (“ROE”) reached 15.4% in 1Q25.
  • Net Interest Income (“NII”) increased 4% YoY to $65.3 million in 1Q25, mainly driven by the constant increase in business volumes. Net Interest Margin (“NIM”) stood at 2.36% in 1Q25 on the impact of lower market rates coupled with increased USD market liquidity driving competitive pricing.
  • Fee Income remained strong at $10.6 million for 1Q25 (+12% YoY), stemming from the successful cross-sell initiatives, streamlined processes and new client onboardings.
  • Well-managed Efficiency Ratio of 26.9% for 1Q25, despite increased headcount and ongoing investments in technology and business initiatives related to the Bank’s strategy execution.
  • New all-time high Credit Portfolio at $11,950 million as of March 31, 2025 (+22% YoY), resulting from:

    • Commercial Portfolio EoP balances reaching a new record level of $10,686 million at the end of 1Q25 (+23% YoY), as the Bank continued experiencing strong credit demand and business growth from new client onboarding and product cross-selling.
    • Investment Portfolio amounted to $1,264 million (+15% YoY), mostly consisting of investment-grade securities outside of Latin America held at amortized cost to further enhance country and credit-risk exposure diversification and provide contingent liquidity funding.
  • Healthy asset quality, with most of the credit portfolio (97.9%) remains low risk or Stage 1 at the end of 1Q25. Impaired credits or Stage 3 exposures stood at $17 million or 0.1% of total Credit Portfolio, with a robust reserve coverage of 5.3x.
  • Continued expansion of the Bank’s deposit base, reaching all-time high of $5,859 million at the end of 1Q25 (+24% YoY), representing 57% of the Bank’s total funding sources. The Bank also counts on ample and constant access to interbank and debt capital markets.
  • Strong Liquidity position at $1,852 million, or 15% of total assets as of March 31, 2025, mainly consisting of deposits placed with the Federal Reserve Bank of New York (67%) and highly rated U.S. banks (23%).
  • The Bank´s Tier 1 Basel III Capital and Regulatory Capital Adequacy Ratios stood at 15.1% and 13.5%, respectively, enhanced by strong earnings generation and within the Bank’s risk appetite.

 


Financial Snapshot 

(US$ million, except percentages and per share amounts)


1Q25


4Q24


1Q24


Key Income Statement Highlights

Net Interest Income (“NII”)

$65.3

$66.9

$62.9

Fees and commissions, net

$10.6

$11.9

$9.5

Gain (loss) on financial instruments, net

$2.0

($0.6)

$0.2

Total revenues

$77.9

$78.4

$72.6

Provision for credit losses

($5.2)

($4.0)

($3.0)

Operating expenses

($21.0)

($22.9)

($18.3)

Profit for the period

$51.7

$51.5

$51.3


Profitability Ratios

Earnings per Share (“EPS”) (1)

$1.40

$1.40

$1.40

Return on Average Equity (“ROE”) (2)

15.4 %

15.5 %

16.8 %

Return on Average Assets (“ROA”) (3)

1.8 %

1.8 %

1.9 %

Net Interest Margin (“NIM”) (4)

2.36 %

2.44 %

2.47 %

Net Interest Spread (“NIS”) (5)

1.65 %

1.69 %

1.80 %

Efficiency Ratio (6)

26.9 %

29.2 %

25.2 %


Assets, Capital, Liquidity & Credit Quality

Credit Portfolio (7)

$11,950

$11,224

$9,789

Commercial Portfolio (8)

$10,686

$10,035

$8,690

Investment Portfolio

$1,264

$1,189

$1,099

Total Assets

$12,395

$11,859

$10,688

Total Equity

$1,371

$1,337

$1,238

Market Capitalization (9)

$1,360

$1,309

$1,082

Tier 1 Capital to Risk-Weighted Assets (Basel III – IRB) (10)

15.1 %

15.5 %

16.3 %

Capital Adequacy Ratio (Regulatory) (11)

13.5 %

13.6 %

13.7 %

Total Assets / Total Equity (times)

9.0

8.9

8.6

Liquid Assets / Total Assets (12)

14.9 %

16.2 %

16.5 %

Credit-impaired Loans to Loan Portfolio (13)

0.2 %

0.2 %

0.1 %

Impaired Credits (14) to Credit Portfolio

0.1 %

0.2 %

0.1 %

Total Allowance for Losses to Credit Portfolio (15)

0.8 %

0.8 %

0.7 %

Total Allowance for Losses to Impaired credits (times) (15)

5.3

5.0

6.9

Recent Events

Quarterly dividend payment: The Board of Directors approved a quarterly common dividend of $0.625 per share corresponding to 1Q25. The cash dividend will be paid on June 3, 2025, to shareholders registered as of May 16, 2025.

Annual Shareholders’ Meeting Results: At the Annual Shareholders’ Meeting held on April 29, 2025, in Panama City, Panama, shareholders:

  • Elected Ms. Tarciana Paula Gomes Medeiros as Director representing the holders of Class “A” shares of the Bank’s common stock,
  • Reelected Mr. Ricardo Manuel Arango and Mr. Roland Holst, and elected Mrs. Angélica Ruiz Celis, as Directors representing the holders of Class “E” shares of the Bank’s common stock,
  • Approved the Bank’s audited consolidated financial statements for the fiscal year ended December 31, 2024,
  • Ratified KPMG as the Bank’s independent registered public accounting firm for the fiscal year ending December 31, 2025,
  • Approved, on an advisory basis, the compensation of the Bank’s executive officers.

Notes

  • Numbers and percentages set forth in this earnings release have been rounded and accordingly may not total exactly.
  • QoQ and YoY refer to quarter-on-quarter and year-on-year variations, respectively.

Footnotes

  1. Earnings per Share (“EPS”) calculation is based on the average number of shares outstanding during each period.
  2. ROE refers to return on average stockholders’ equity which is calculated based on unaudited daily average balances.
  3. ROA refers to return on average assets which is calculated based on unaudited daily average balances.
  4. NIM refers to net interest margin which constitutes to Net Interest Income (“NII”) divided by the average balance of interest-earning assets.
  5. NIS refers to net interest spread which constitutes the average yield earned on interest-earning assets, less the average yield paid on interest-bearing liabilities.
  6. Efficiency Ratio refers to consolidated operating expenses as a percentage of total revenues.
  7. The Bank’s “Credit Portfolio” includes (i) loans – principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees (or the “Loan Portfolio”); (ii) principal balance of securities at FVOCI and at amortized cost, which excludes interest receivable and allowance for expected credit losses (or the “Investment Portfolio”); and (iii) loan commitments and financial guarantee contracts, such as confirmed and stand-by letters of credit and guarantees covering commercial risk and other assets consisting of customers’ liabilities under acceptances.
  8. The Bank’s “Commercial Portfolio” includes loans – principal balance (or the “Loan Portfolio”), loan commitments and financial guarantee contracts, such as issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk and other assets consisting of customers’ liabilities under acceptances.
  9. Market capitalization corresponds to total outstanding common shares multiplied by market close price at the end of each corresponding period.
  10. Tier 1 Capital ratio is calculated according to Basel III capital adequacy guidelines, and as a percentage of risk-weighted assets. Risk-weighted assets are estimated based on Basel III capital adequacy guidelines, utilizing internal-ratings based approach or “IRB” for credit risk and standardized approach for operational risk.
  11. As defined by the Superintendency of Banks of Panama through Rules No. 01-2015, 03-2016 and 05-2023, based on Basel III standardized approach. The capital adequacy ratio is defined as the ratio of capital funds to risk-weighted assets, rated according to the asset’s categories for credit risk. In addition, risk-weighted assets consider calculations for market risk and operating risk.
  12. Liquid assets consist of total cash and due from banks, excluding time deposits with original maturity over 90 days and other restricted deposits, as well as corporate debt securities rated A- or above. Liquidity ratio refers to liquid assets as a percentage of total assets.
  13. Loan Portfolio refers to loans – principal balance, which excludes interest receivable, allowance for loan losses, and unearned interest and deferred fees. Credit-impaired loans are also commonly referred to as Non-Performing Loans or NPLs.
  14. Impaired Credits refers to Non-Performing Loans or NPLs and non-performing securities at FVOCI and at amortized cost.
  15. Total allowance for losses refers to allowance for loan losses plus allowance for loan commitments and financial guarantee contract losses, allowance for investment securities losses and allowance for cash and due from banks losses.

Safe Harbor Statement

This press release contains forward-looking statements of expected future developments within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, “will” and similar references to future periods. The forward-looking statements in this press release include the Bank’s financial position, asset quality and profitability, among others. These forward-looking statements reflect the expectations of the Bank’s management and are based on currently available data; however, actual performance and results are subject to future events and uncertainties, which could materially impact the Bank’s expectations. Among the factors that can cause actual performance and results to differ materially are as follows: the coronavirus (COVID-19) pandemic and geopolitical events; the anticipated changes in the Bank’s credit portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing/decreasing interest rates and of the macroeconomic environment in the Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including its revenue diversification strategy; the adequacy of the Bank’s allowance for expected credit losses; the need for additional allowance for expected credit losses; the Bank’s ability to achieve future growth, to reduce its liquidity levels and increase its leverage; the Bank’s ability to maintain its investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s lending operations; potential trading losses; the possibility of fraud; and the adequacy of the Bank’s sources of liquidity to replace deposit withdrawals. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

About Bladex

Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, and the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries; commercial banks and financial institutions; and institutional and retail investors through its public listing.

Conference Call Information

There will be a conference call to discuss the Bank’s quarterly results on Tuesday, May 6, 2025, at 11:00 a.m.New York City time (Eastern Time). For those interested in participating, please click here to pre-register to our conference call or visit our website at http://www.bladex.com. Participants should register five minutes before the call is set to begin. The webcast presentation will be available for viewing and downloads on http://www.bladex.com. The conference call will become available for review one hour after its conclusion.

For more information, please access http://www.bladex.com or contact:

Mr. Carlos Daniel Raad
Chief Investor Relations Officer
Tel: +507 366-4925 ext. 7925
 E-mail: [email protected] / [email protected]

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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

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Cardinal Health Board of Directors Approves Quarterly Dividend

PR Newswire


DUBLIN, Ohio
, May 5, 2025 /PRNewswire/ — Cardinal Health (NYSE: CAH) announced today that its Board of Directors approved an increase to its quarterly dividend, to $0.5107 per share, out of the Company’s capital surplus. The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on July 1, 2025.

About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. Our company’s customer-centric focus drives continuous improvement and leads to innovative solutions that improve people’s lives every day. Learn more about Cardinal Health at cardinalhealth.com and in our Newsroom. 

Contacts

Media: Erich Timmerman, [email protected] and 614.757.8231
Investors: Matt Sims, [email protected] and 614.553.3661

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SOURCE Cardinal Health

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BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR FIRST QUARTER 2025

PR Newswire


PANAMA CITY
, May 5, 2025 /PRNewswire/ — Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or the “Bank”), announced today its Board of Directors’ approval of a quarterly cash dividend of US$0.625 per share corresponding to the first quarter of 2025.

The cash dividend is payable June 3, 2025 to the Bank’s stockholders as of May 16, 2025 record date.

As of March 31, 2025, Bladex had 37,154,366.86 shares outstanding of all classes.

Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region.  The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public listing. 

For further information on Bladex, please access its website at www.bladex.com or contact:

Carlos Daniel Raad – Chief Investor Relations Officer

E-mail address: [email protected] / [email protected]. Tel.: (+507) 366-4925 ext. 7925

Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este,

Panama, Republic of Panama

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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

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Black Stone Minerals, L.P. Reports First-Quarter Results

Black Stone Minerals, L.P. Reports First-Quarter Results

HOUSTON–(BUSINESS WIRE)–
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM”, or “the Partnership”) today reports its financial and operating results for the first quarter of 2025.

Financial and Operational Highlights

  • Mineral and royalty production for the first quarter of 2025 was 34.2 MBoe/d; total production, including working-interest volumes, was 35.5 MBoe/d for the quarter.
  • Net income for the first quarter was $15.9 million, and Adjusted EBITDA for the quarter totaled $82.2 million.
  • Distributable cash flow was $73.7 million for the first quarter.
  • Black Stone announced a distribution of $0.375 per unit with respect to the first quarter of 2025. Distribution coverage for all units was approximately 0.93x.
  • Total debt at the end of the first quarter was $63.0 million; as of May 2, 2025, total debt was also $63.0 million with approximately $4.3 million of cash on hand.

Management Commentary

Thomas L. Carter, Jr., Black Stone’s Chairman, Chief Executive Officer and President, commented, “Despite recent market volatility, our financial position and asset outlook remain strong, and we are maintaining our quarterly distribution of $0.375 per unit. Distribution coverage for the quarter was 0.93x; however, this lower level of coverage was partially driven by an expenditure related to a seismic license that further bolsters our subsurface evaluation and potential mineral acquisitions in the expanded Shelby Trough area. During the quarter, we continued to progress on our targeted mineral acquisitions and remain confident in the long-term growth opportunities that program provides for our unitholders. Finally, we are staying keenly aware of the current price environment and activity across all of our assets, and we expect to continue to benefit from near-term development activity and production on certain unique, high-interest acreage in both oil- and gas-focused regions.”

Quarterly Financial and Operating Results

Production

Black Stone reported mineral and royalty volumes of 34.2 MBoe/d (78% natural gas) for the first quarter of 2025, compared to 34.8 MBoe/d for the fourth quarter of 2024 and 38.1 MBoe/d for the first quarter of 2024.

Working-interest production was 1.3 MBoe/d in the first quarter of 2025, 1.3 MBoe/d in the fourth quarter of 2024, and 2.2 MBoe/d in the first quarter of 2024. The continued year-over-year decline in working-interest volumes is consistent with the Partnership’s decision to farm out its working-interest participation to third-party capital providers.

Total reported production averaged 35.5 MBoe/d (96% mineral and royalty, 78% natural gas) for the first quarter of 2025, compared to 36.1 MBoe/d and 40.3 MBoe/d for the fourth quarter of 2024 and the first quarter of 2024, respectively.

Realized Prices, Revenues, and Net Income

The Partnership’s average realized price per Boe, excluding the effect of derivative settlements, was $33.94 for the first quarter of 2025. This is an increase of 10% from $30.81 per Boe in the fourth quarter of 2024 and a 10% increase from $30.87 in the first quarter of 2024.

Black Stone reported oil and gas revenue of $108.3 million for the first quarter of 2025, an increase of 6% from $102.3 million in the fourth quarter of 2024. Oil and gas revenue in the first quarter of 2024 was $113.2 million.

The Partnership reported a loss on commodity derivative instruments of $56.0 million for the first quarter of 2025, composed of a $3.6 million loss from realized settlements and a non-cash $52.4 million unrealized loss due to the change in value of Black Stone’s derivative positions during the quarter. Black Stone reported losses of $20.6 million and $11.3 million on commodity derivative instruments for the fourth quarter of 2024 and the first quarter of 2024, respectively.

Lease bonus and other income was $6.9 million for the first quarter of 2025. Lease bonus and other income for the fourth quarter of 2024 and the first quarter of 2024 was $2.0 million and $3.5 million, respectively.

The Partnership reported net income of $15.9 million for the first quarter of 2025, compared to net income of $46.3 million in the preceding quarter. For the first quarter of 2024, the Company reported net income of $63.9 million.

Adjusted EBITDA and Distributable Cash Flow

Adjusted EBITDA for the first quarter of 2025 was $82.2 million, which compares to $90.1 million in the fourth quarter of 2024 and $104.1 million in the first quarter of 2024. Distributable cash flow for the first quarter of 2025 was $73.7 million. For the fourth quarter of 2024 and the first quarter of 2024, distributable cash flow was $81.9 million and $96.4 million, respectively.

FinancialPosition and Activities

As of March 31, 2025, Black Stone had $2.4 million in cash, with $63.0 million drawn under its credit facility. As of May 2, the Partnership had approximately $4.3 million in cash, and $63.0 million of debt was outstanding under the credit facility.

On April 30, 2025, Black Stone’s borrowing base under the credit facility was reaffirmed, and total commitments under the credit facility were maintained at $375.0 million. Black Stone is in compliance with all financial covenants associated with its credit facility.

First Quarter 2025 Distributions

As previously announced, the Board approved a cash distribution of $0.375 for each common unit attributable to the first quarter of 2025. The quarterly distribution coverage ratio attributable to the first quarter of 2025 was approximately 0.93x. The distribution will be paid on May 15, 2025 to unitholders of record as of the close of business on May 8, 2025.

Activity Update

Development Activity

At the end of the first quarter, EXCO was operating one rig, and Aethon was operating three rigs on the Partnership’s Angelina, Nacogdoches, and San Augustine acreage in the Shelby Trough. During the quarter, Aethon successfully turned to sales 11 gross (0.7 net) wells, with the majority of the wells showing improved results compared to older offsets. Aethon’s development program remains on track, with an estimated 17 gross (1.0 net) additional wells expected to turn to sales during the remainder of 2025.

In the Louisiana Haynesville, development continued under the Partnership’s Accelerated Drilling Agreements (“ADAs”). These agreements provide greater near-term certainty by accelerating development and associated revenue in BSM’s high-interest areas in exchange for a modest reduction in royalty burden. During the first quarter, two gross (0.2 net) wells in De Soto Parish were turned to sales under BSM’s ADAs.

In the Permian Basin, the Partnership continues to monitor several large-scale development projects expected to generate meaningful liquids volumes in 2025 and beyond. As previously disclosed, a large operator has planned more than 35 gross (1.25 net) wells in Culberson County, Texas. To date, 24 of these wells have been spud. We anticipate nine gross wells to turn to sales in the fourth quarter of 2025, with the remainder expected in the first half of 2026.

Acquisition Activity

Black Stone’s commercial strategy since 2021 has been focused on attracting capital and securing drilling commitments in areas where the Partnership already owns significant minerals. Management made the decision to expand this growth strategy by adding to the Partnership’s mineral portfolio through strategic, targeted efforts primarily in the Shelby Trough area. In the first quarter of 2025, Black Stone acquired $14.2 million of additional (primarily non-producing) mineral and royalty interests. From September 2023 through today, the Partnership has completed $160.6 million of mineral and royalty acquisitions. Black Stone’s commercial strategy includes the continued evaluation of meaningful, targeted mineral and royalty acquisitions to complement the Partnership’s existing positions.

Update to Hedge Position

Black Stone has commodity derivative contracts in place covering portions of its anticipated production for 2025 and 2026. The Partnership’s hedge position as of May 2, 2025 is summarized in the following tables:

Oil Hedge Position

 

 

 

Oil Swap

Oil Swap Price

 

MBbl

$/Bbl

2Q25

555

$71.22

3Q25

555

$71.22

4Q25

555

$71.22

1Q26

390

$64.89

2Q26

390

$64.89

3Q26

390

$64.89

4Q26

390

$64.89

Natural Gas Hedge Position

 

Gas Swap

Gas Swap Price

 

BBtu

$/MMbtu

2Q25

10,920

$3.36

3Q25

11,040

$3.45

4Q25

11,040

$3.45

1Q26

11,700

$3.67

2Q26

11,830

$3.67

3Q26

11,960

$3.67

4Q26

11,960

$3.67

More detailed information about Black Stone’s existing hedging program can be found in the Quarterly Report on Form 10-Q for the first quarter of 2025, which is expected to be filed on or around May 6, 2025.

Conference Call

Black Stone will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2025 on Tuesday, May 6, 2025 at 9:00 a.m. Central Time. Black Stone recommends participants who do not anticipate asking questions to listen to the call via the live broadcast available at http://investor.blackstoneminerals.com. Analysts and investors who wish to ask questions should dial (800) 715-9871 for domestic participants and (646) 307-1963 for international participants, the conference ID for the call is 8003975. A recording of the conference call will be available on Black Stone’s website.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Partnership owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Forward-Looking Statements

This news release includes forward-looking statements. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “will,” “may,” “should,” “expect,” “anticipate,” “plan,” “project,” “intend,” “estimate,” “believe,” “target,” “continue,” “potential,” the negative of such terms, or other comparable terminology often identify forward-looking statements. Except as required by law, Black Stone Minerals undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by these cautionary statements. These forward-looking statements involve risks and uncertainties, many of which are beyond the control of Black Stone Minerals, which may cause the Company’s actual results to differ materially from those implied or expressed by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those summarized below:

  • the Company’s ability to execute its business strategies;
  • the volatility of realized oil and natural gas prices;
  • the level of production on the Company’s properties;
  • overall supply and demand for oil and natural gas, as well as regional supply and demand factors, delays, or interruptions of production;
  • domestic and foreign trade policies, including tariffs and other controls on imports or exports of goods, including energy products;
  • conservation measures and general concern about the environmental impact of the production and use of fossil fuels;
  • the Company’s ability to replace its oil and natural gas reserves;
  • general economic, business, or industry conditions including slowdowns, domestically and internationally, and volatility in the securities, capital or credit markets;
  • cybersecurity incidents, including data security breaches or computer viruses;
  • competition in the oil and natural gas industry;
  • the availability or cost of rigs, equipment, raw materials, supplies, oilfield services or personnel; and
  • the level of drilling activity by the Company’s operators, particularly in areas such as the Shelby Trough where the Company has concentrated acreage positions.

BLACK STONE MINERALS, L.P. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per unit amounts)
 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

REVENUE

 

 

 

 

Oil and condensate sales

 

$

50,093

 

 

$

71,224

 

Natural gas and natural gas liquids sales

 

 

58,235

 

 

 

42,011

 

Lease bonus and other income

 

 

6,925

 

 

 

3,548

 

Revenue from contracts with customers

 

 

115,253

 

 

 

116,783

 

Gain (loss) on commodity derivative instruments

 

 

(56,001

)

 

 

(11,290

)

TOTAL REVENUE

 

 

59,252

 

 

 

105,493

 

OPERATING (INCOME) EXPENSE

 

 

 

 

Lease operating expense

 

 

2,162

 

 

 

2,432

 

Production costs and ad valorem taxes

 

 

10,185

 

 

 

13,038

 

Exploration expense

 

 

5,110

 

 

 

3

 

Depreciation, depletion, and amortization

 

 

9,130

 

 

 

11,639

 

General and administrative

 

 

15,172

 

 

 

14,090

 

Accretion of asset retirement obligations

 

 

332

 

 

 

317

 

TOTAL OPERATING EXPENSE

 

 

42,091

 

 

 

41,519

 

INCOME (LOSS) FROM OPERATIONS

 

 

17,161

 

 

 

63,974

 

OTHER INCOME (EXPENSE)

 

 

 

 

Interest and investment income

 

 

64

 

 

 

670

 

Interest expense

 

 

(1,397

)

 

 

(629

)

Other income (expense)

 

 

120

 

 

 

(88

)

TOTAL OTHER EXPENSE

 

 

(1,213

)

 

 

(47

)

NET INCOME (LOSS)

 

 

15,948

 

 

 

63,927

 

Distributions on Series B cumulative convertible preferred units

 

 

(7,366

)

 

 

(7,367

)

NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS

 

$

8,582

 

 

$

56,560

 

ALLOCATION OF NET INCOME (LOSS):

 

 

 

 

General partner interest

 

$

—

 

 

$

—

 

Common units

 

 

8,582

 

 

 

56,560

 

 

 

$

8,582

 

 

$

56,560

 

NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:

 

 

 

 

Per common unit (basic)

 

$

0.04

 

 

$

0.27

 

Per common unit (diluted)

 

$

0.04

 

 

$

0.27

 

WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:

 

 

 

 

Weighted average common units outstanding (basic)

 

 

211,253

 

 

 

210,654

 

Weighted average common units outstanding (diluted)

 

 

211,253

 

 

 

210,654

 

The following table shows the Company’s production, revenues, pricing, and expenses for the periods presented:

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

 

 

 

(Unaudited)

(Dollars in thousands, except for realized prices and per Boe data)

Production:

 

 

 

 

 

Oil and condensate (MBbls)

 

 

 

716

 

 

 

923

 

Natural gas (MMcf)1

 

 

 

14,853

 

 

 

16,470

 

Equivalents (MBoe)

 

 

 

3,192

 

 

 

3,668

 

Equivalents/day (MBoe)

 

 

 

35.5

 

 

 

40.3

 

Realized prices, without derivatives:

 

 

 

 

 

Oil and condensate ($/Bbl)

 

 

$

69.96

 

 

$

77.17

 

Natural gas ($/Mcf)1

 

 

 

3.92

 

 

 

2.55

 

Equivalents ($/Boe)

 

 

$

33.94

 

 

$

30.87

 

Revenue:

 

 

 

 

 

Oil and condensate sales

 

 

$

50,093

 

 

$

71,224

 

Natural gas and natural gas liquids sales1

 

 

 

58,235

 

 

 

42,011

 

Lease bonus and other income

 

 

 

6,925

 

 

 

3,548

 

Revenue from contracts with customers

 

 

 

115,253

 

 

 

116,783

 

Gain (loss) on commodity derivative instruments

 

 

 

(56,001

)

 

 

(11,290

)

Total revenue

 

 

$

59,252

 

 

$

105,493

 

Operating expenses:

 

 

 

 

 

Lease operating expense

 

 

$

2,162

 

 

$

2,432

 

Production costs and ad valorem taxes

 

 

 

10,185

 

 

 

13,038

 

Exploration expense

 

 

 

5,110

 

 

 

3

 

Depreciation, depletion, and amortization

 

 

 

9,130

 

 

 

11,639

 

General and administrative

 

 

 

15,172

 

 

 

14,090

 

Other expense:

 

 

 

 

 

Interest expense

 

 

 

1,397

 

 

 

629

 

Per Boe:

 

 

 

 

 

Lease operating expense (per working-interest Boe)

 

 

$

18.66

 

 

$

12.22

 

Production costs and ad valorem taxes

 

 

 

3.19

 

 

 

3.55

 

Depreciation, depletion, and amortization

 

 

 

2.86

 

 

 

3.17

 

General and administrative

 

 

 

4.75

 

 

 

3.84

 

1

As a mineral-and-royalty-interest owner, Black Stone Minerals is often provided insufficient and inconsistent data on natural gas liquid (“NGL”) volumes by its operators. As a result, the Company is unable to reliably determine the total volumes of NGLs associated with the production of natural gas on its acreage. Accordingly, no NGL volumes are included in reported production; however, revenue attributable to NGLs is included in natural gas revenue and the calculation of realized prices for natural gas.

Non-GAAP Financial Measures

Adjusted EBITDA and Distributable cash flow are supplemental non-GAAP financial measures used by Black Stone’s management and external users of the Company’s financial statements such as investors, research analysts, and others, to assess the financial performance of its assets and ability to sustain distributions over the long term without regard to financing methods, capital structure, or historical cost basis.

The Company defines Adjusted EBITDA as net income (loss) before interest expense, income taxes, and depreciation, depletion, and amortization adjusted for impairment of oil and natural gas properties, if any, accretion of asset retirement obligations, unrealized gains and losses on commodity derivative instruments, non-cash equity-based compensation, and gains and losses on sales of assets, if any. Black Stone defines Distributable cash flow as Adjusted EBITDA plus or minus amounts for certain non-cash operating activities, cash interest expense, distributions to preferred unitholders, and restructuring charges, if any.

Adjusted EBITDA and Distributable cash flow should not be considered an alternative to, or more meaningful than, net income (loss), income (loss) from operations, cash flows from operating activities, or any other measure of financial performance presented in accordance with generally accepted accounting principles (“GAAP”) in the United States as measures of the Company’s financial performance.

Adjusted EBITDA and Distributable cash flow have important limitations as analytical tools because they exclude some but not all items that affect net income (loss), the most directly comparable U.S. GAAP financial measure. The Company’s computation of Adjusted EBITDA and Distributable cash flow may differ from computations of similarly titled measures of other companies.

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

 

 

 

(Unaudited)

(In thousands, except per unit amounts)

Net income (loss)

 

 

$

15,948

 

 

$

63,927

 

Adjustments to reconcile to Adjusted EBITDA:

 

 

 

 

 

Depreciation, depletion, and amortization

 

 

 

9,130

 

 

 

11,639

 

Interest expense

 

 

 

1,397

 

 

 

629

 

Income tax expense (benefit)

 

 

 

(85

)

 

 

135

 

Accretion of asset retirement obligations

 

 

 

332

 

 

 

317

 

Equity–based compensation

 

 

 

3,055

 

 

 

2,383

 

Unrealized (gain) loss on commodity derivative instruments

 

 

 

52,390

 

 

 

25,087

 

Adjusted EBITDA

 

 

 

82,167

 

 

 

104,117

 

Adjustments to reconcile to Distributable cash flow:

 

 

 

 

 

Change in deferred revenue

 

 

 

(1

)

 

 

(1

)

Cash interest expense

 

 

 

(1,123

)

 

 

(361

)

Preferred unit distributions

 

 

 

(7,366

)

 

 

(7,367

)

Distributable cash flow

 

 

$

73,677

 

 

$

96,388

 

 

 

 

 

 

 

Total units outstanding1

 

 

 

211,636

 

 

 

210,704

 

Distributable cash flow per unit

 

 

 

0.348

 

 

 

0.457

 

1

The distribution attributable to the three months ended March 31, 2025 is estimated using 211,636,423 common units as of May 2, 2025; the exact amount of the distribution attributable to the three months ended March 31, 2025 will be determined based on units outstanding as of the record date of May 8, 2025. Distributions attributable to the three months ended March 31, 2024 were calculated using 210,703,884 common units as of the record date of May 10, 2024.

 

Black Stone Minerals, L.P. Contact

Taylor DeWalch

Senior Vice President, Chief Financial Officer, and Treasurer

Telephone: (713) 445-3200

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Other Natural Resources Other Energy Mining/Minerals Oil/Gas Energy Natural Resources

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Cantor Equity Partners II, Inc. Announces Closing of $240 Million Initial Public Offering

Cantor Equity Partners II, Inc. Announces Closing of $240 Million Initial Public Offering

NEW YORK–(BUSINESS WIRE)–
Cantor Equity Partners II, Inc. (Nasdaq: CEPT) (the “Company”) announced today that it closed its initial public offering of 24,000,000 Class A ordinary shares at $10.00 per share, which was upsized. The shares began trading on the Nasdaq Global Market under the symbol “CEPT” on May 2, 2025.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of shares, $240,000,000 was placed into the Company’s trust account. An audited balance sheet of the Company as of May 5, 2025, reflecting receipt of the proceeds from the consummation of the initial public offering and such private placement, will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.

About Cantor Equity Partners II, Inc.

Cantor Equity Partners II, Inc. is a blank check company sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Brandon Lutnick. Cantor Equity Partners II, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, but the Company intends to focus on a target in an industry where it believes the Company’s management teams’ and affiliates’ expertise will provide the Company with a competitive advantage, including the financial services, healthcare, real estate services, technology and software industries.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on May 1, 2025. The offering has been made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor New York, New York 10022; Email: [email protected]. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the anticipated use of the net proceeds of the offering as described in the offering prospectus, are subject to risks and uncertainties, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

MEDIA

Erica Chase

[email protected]

+1 212-610-2419

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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U.S. Gold Corp. to Participate in a Virtual Mining Conference Presented by Maxim Group LLC

PR Newswire


Tuesday, May 6, 2025 at 1:30 pm EST

CHEYENNE, Wyo., May 5, 2025 /PRNewswire/ — U.S. Gold Corp. (“U.S. Gold,” the “Company,” “we,” “our” or “us”) (Nasdaq: USAU) is pleased to announce that its President and CEO, Mr. George Bee, will participate as a panelist in a discussion focused on developing and operating mines in the United States.

The virtual mining conference, presented by Maxim Group LLC (“Maxim Group”), will take place on Tuesday, May 6, 2025. The event is part of a full-day program beginning at 9:00 a.m. ET and concluding at 5:00 p.m. ET, featuring presentations from 18 publicly traded mining companies.

The conference will be streamed live via M-Vest. Attendees may register by becoming an M-Vest member.

Click here to learn more and reserve your seat 

About Maxim Group LLC  

Maxim Group is a full-service investment banking, securities and wealth management firm headquartered in New York. The firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB), and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold and copper exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Our CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Samuel Engineering, Inc. Our Keystone exploration property is on the Cortez Trend in Nevada. Our Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please https://www.usgoldcorp.com/.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “proposed,” “aims,” “anticipates”, “forecast,” “estimated,” “believes,” “continues” and “intend,” among others.  These forward-looking statements include statements related to George Bee’s attendance at the live panel discussion and the topics to be discussed in the live panel discussion. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company undertakes no duty to correct or update any information contained herein.

For further information
U.S. Gold Corp.
Investor Relations
+1 800 557 4550
[email protected]
http://www.usgoldcorp.com/

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SOURCE U.S. Gold Corp.

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General Motors Prices $2.0 Billion of Senior Unsecured Notes

PR Newswire


DETROIT
, May 5, 2025 /PRNewswire/ –General Motors (NYSE: GM) announced today the pricing of three series of senior unsecured fixed rate notes for a total of $2.0 billion. These notes include $750.0 million of 5.350% notes due in 2028, $750.0 million of 5.625% notes due in 2030 and $500.0 million of 6.250% notes due in 2035. The offering is expected to settle on May 7, 2025.

GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and fund a portion of the $1.8 billion five-year term loan it has agreed to make to Ultium Cells LLC, its joint venture with LG Energy Solution, to facilitate full voluntary prepayment of loans Ultium Cells LLC received under the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing program.

Additionally, GM has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the Securities and Exchange Commission (SEC) for this offering. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents GM has filed with the SEC for more complete information about GM and this offering. The documents are publicly available free of charge by visiting EDGAR on the SEC website at sec.gov. 

Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by contacting the joint book-running managers:

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at 1-800-831-9146 or email at [email protected]

Goldman Sachs & Co. LLC
Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected] 

Wells Fargo Securities, LLC
608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Telephone: +1-800-645-3751, Email: [email protected] 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.

General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM’s Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry’s widest range of EVs, as we move to an all-electric future.  

Cautionary Note on Forward-Looking Statements: This press release and related comments by management, may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgment about possible future events and are often identified by words like “aim,” “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions. In making these statements, we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, many of which are beyond our control. These factors, which may be revised or supplemented in subsequent reports we file with the SEC, include, among others, the following: (1) our ability to deliver new products, services, technologies and customer experiences in response to increased competition and changing consumer needs and preferences; (2) our ability to attract and retain talented and highly skilled employees; (3) our ability to timely fund and introduce new and improved vehicle models, including EVs, that are able to attract a sufficient number of consumers; (4) our ability to profitably deliver a strategic portfolio of EVs; (5) adoptions of EVs by consumers; (6) the success of our current line of ICE vehicles, particularly our full-size SUVs and full-size pickup trucks; (7) our highly competitive industry, which has been historically characterized by excess manufacturing capacity and the use of incentives, and the introduction of new and improved vehicle models by our competitors; (8) the unique technological, operational, regulatory and competitive risks related to our refocused AV strategy on personal vehicles; (9) risks associated with climate change, including increased regulation of GHG emissions, our transition to EVs and the potential increased impacts of severe weather events; (10) global automobile market sales volume, which can be volatile; (11) inflationary pressures and persistently high prices and uncertain availability of raw materials and commodities used by us and our suppliers, and instability in logistics and related costs; (12) our business in China, which is subject to unique operational, competitive, regulatory and economic risks; (13) the success of our ongoing strategic business relationships, particularly with respect to facilitating access to raw materials necessary for the production of EVs, and of our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (14) the international scale and footprint of our operations, which expose us to a variety of unique political, economic, competitive and regulatory risks, including the risk of changes in government leadership and laws (including labor, trade, tax and other laws), political uncertainty or instability and economic tensions between governments and changes in international trade policies, new barriers to entry and changes to or withdrawals from free trade agreements, introduction of new or changes to announced tariffs directly and indirectly applicable to our industry, changes in foreign exchange rates and interest rates, economic downturns in the countries in which we operate, differing local product preferences and product requirements, changes to and compliance with U.S. and foreign countries’ export controls and economic sanctions, differing labor regulations, requirements and union relationships, differing dealer and franchise regulations and relationships, difficulties in obtaining financing in foreign countries, and public health crises, including the occurrence of a contagious disease or illness; (15) any significant disruption, including any work stoppages, at any of our manufacturing facilities; (16) the ability of our suppliers to deliver parts, systems and components without disruption and at such times to allow us to meet production schedules; (17) pandemics, epidemics, disease outbreaks and other public health crises; (18) the possibility that competitors may independently develop products and services similar to ours, or that our intellectual property rights are not sufficient to prevent competitors from developing or selling those products or services; (19) our ability to manage risks related to security breaches, cyberattacks and other disruptions to our information technology systems and networked products, including connected vehicles; (20) our ability to manage security breaches and other disruptions to our in-vehicle systems; (21) our ability to comply with increasingly complex, restrictive and punitive regulations relating to our enterprise data practices, including the collection, use, sharing and security of the personal information of our customers, employees or suppliers; (22) our ability to comply with extensive laws, regulations and policies applicable to our operations and products, including those relating to fuel economy, emissions and AVs; (23) costs and risks associated with litigation and government investigations; (24) the costs and effect on our reputation of product safety recalls and alleged defects in products and services; (25) any additional tax expense or exposure or failure to fully realize available tax incentives; (26) our continued ability to develop captive financing capability through GM Financial; and (27) any significant increase in our pension funding requirements. For a further discussion of these and other risks and uncertainties, refer to our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as updated by our subsequent filings with the SEC. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except where we are expressly required to do so by law.

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SOURCE General Motors

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Halozyme to Participate in the BofA Securities 2025 Healthcare Conference

PR Newswire


SAN DIEGO
, May 5, 2025 /PRNewswire/ — Halozyme Therapeutics, Inc. (NASDAQ: HALO) (“Halozyme”) today announced that Dr. Helen Torley, president and chief executive officer, will present and host investor meetings at the BofA Securities 2025 Healthcare Conference.

The presentation is scheduled for Tuesday, May 13 at 4:20pm PT / 7:20pm ET.

A live audio webcast will be available on the Investor Relations section of the Company’s website. Replays of the audio webcasts will be available for 90 days following the conference.

About Halozyme

Halozyme is a biopharmaceutical company advancing disruptive solutions to improve patient experiences and outcomes for emerging and established therapies. As the innovators of ENHANZE® drug delivery technology with the proprietary enzyme rHuPH20, Halozyme’s commercially-validated solution is used to facilitate the subcutaneous delivery of injected drugs and fluids, with the goal of improving the patient experience with rapid subcutaneous delivery and reduced treatment burden. Having touched one million patient lives in post-marketing use in ten commercialized products in at least one major region and across more than 100 global markets, Halozyme has licensed its ENHANZE® technology to leading pharmaceutical and biotechnology companies including Roche, Takeda, Pfizer, Janssen, AbbVie, Eli Lilly, Bristol-Myers Squibb, argenx, ViiV Healthcare, Chugai Pharmaceutical and Acumen Pharmaceuticals.

Halozyme also develops, manufactures and commercializes, for itself or with partners, drug-device combination products using its advanced auto-injector technologies that are designed to provide commercial or functional advantages such as improved convenience, reliability and tolerability, and enhanced patient comfort and adherence. The Company has two commercial proprietary products, Hylenex® and XYOSTED®, partnered commercial products and ongoing product development programs with Teva Pharmaceuticals and McDermott Laboratories Limited, an affiliate of Viatris Inc.

Halozyme is headquartered in San Diego, CA and has offices in Ewing, NJ and Minnetonka, MN.Minnetonka is also the site of its operations facility.

For more information visit www.halozyme.com and connect with us on LinkedIn and Twitter.

Contacts:

Tram Bui
VP, Investor Relations and Corporate Communications
609-359-3016
[email protected]

Samantha Gaspar

Teneo
212-886-9356
[email protected]

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SOURCE Halozyme Therapeutics, Inc.

Posted on

Brookfield Asset Management Announces Results of Annual Meeting of Shareholders

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) —  Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all 12 nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on May 5, 2025 in New York, NY, with the option to attend virtually. Detailed results of the vote for the election of directors are set out below.

Management received the following proxies from holders of each of the Class A Shares and Class B Shares in regard to the election of the 12 directors nominated:

Director Nominee         Votes For % Votes Withheld %
Barry Blattman 1,469,065,906 98.06 29,116,643 1.94
Angela F. Braly 1,497,842,984 99.98 339,565 0.02
Marcel R. Coutu 1,493,075,700 99.66 5,106,849 0.34
Scott Cutler 1,497,385,561 99.95 796,988 0.05
Bruce Flatt 1,483,290,876 99.01 14,891,673 0.99
Oliva (Liv) Garfield 1,470,059,798 98.12 28,122,751 1.88
Nili Gilbert 1,492,194,908 99.60 5,987,641 0.40
Keith Johnson 1,497,481,331 99.95 701,218 0.05
Brian W. Kingston 1,468,891,524 98.04 29,291,025 1.96
Cyrus Madon 1,466,656,179 97.90 31,526,370 2.10
Diana Noble 1,492,236,614 99.60 5,945,935 0.40
William Powell 1,469,081,070 98.06 29,101,479 1.94

A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

For more information, please visit our website at bam.brookfield.com or contact:

Media:

Simon Maine
Tel: +44 739 890 9278
Email: [email protected]		   Investor Relations:

Jason Fooks
Tel: (866) 989-0311
Email: [email protected]