Market Newsdesk

Investcorp Credit Management BDC, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2025

NEW YORK–(BUSINESS WIRE)–
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) (“ICMB” or “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2025 on Tuesday, May 13, 2025, after the close of the financial markets.

The Company will host an earnings conference call at 10:00 am (Eastern Time) on Wednesday, May 14, 2025 to review its financial results and conduct a question-and-answer session. All interested parties may participate in the conference call by dialing (800) 550-9893 5-10 minutes prior to the call; international callers should dial (858) 609-8959. Participants should enter 872058# as the passcode, then press 2 when prompted. For those who are not able to listen to the call, a replay will be available shortly after the call by visiting our website at http://icmbdc.com/earnings-calls/.

About Investcorp Credit Management BDC, Inc.

The Company is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing in debt and related equity investments of privately held middle-market companies. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation, and amortization of at least $15 million. The Company’s investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com.

Forward-Looking Statements

Statements included herein or on the conference call may contain “forward-looking statements,” which relate to future performance or ICMB’s financial condition, are based upon current expectations and are inherently uncertain. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of assumptions, risks and uncertainties and other factors, some of which are beyond the Company’s control, including the impact of significant market volatility on the Company’s business, its portfolio companies, its industry and the global economy. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein, except as required by law. All forward-looking statements speak only as of the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250509876815/en/

Investcorp Credit Management BDC, Inc.

Investor Relations

Email: [email protected]

Phone: 212-703-1154

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

Posted on May 9, 2025 4:19 pm

TDS TO WEBCAST 2025 ANNUAL MEETINGS OF SHAREHOLDERS

PR Newswire

CHICAGO
, May 9, 2025 /PRNewswire/ — Telephone and Data Systems, Inc. [NYSE: TDS] is webcasting its 2025 Annual Meeting of Shareholders at 9:00 a.m. Central time on May 22, 2025.

To listen to the meeting, please visit the Events & Presentations page of investors.tdsinc.com. The meeting will be webcast both live and on-demand. It is recommended that you register at least 15 minutes before the beginning of the meeting to register, download and install any necessary multimedia streaming software.

About TDS
Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video and voice to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom. Founded in 1969 and headquartered in Chicago, TDS employed approximately 7,800 associates as of March 31, 2025.

View original content:https://www.prnewswire.com/news-releases/tds-to-webcast-2025-annual-meetings-of-shareholders-302451433.html

SOURCE Telephone and Data Systems, Inc.

Posted on May 9, 2025 4:18 pm

BNY to Report Second Quarter 2025 Results on July 15, 2025

PR Newswire

NEW YORK
, May 9, 2025 /PRNewswire/ — The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, will report financial results for the second quarter 2025 on Tuesday, July 15, 2025. Materials will be posted to BNY’s website at approximately 6:30 a.m. ET, and management will host a conference call and simultaneous live audio webcast at 9:30 a.m. ET that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.

Conference Call and Audio Webcast Access

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International), and using the passcode: 200200, or by logging onto www.bny.com/investorrelations. The company’s earnings release along with the quarterly update presentation and other earnings-related documents will be available at www.bny.com/investorrelations beginning at approximately 6:30 a.m. ET on July 15, 2025.

Conference Call and Audio Webcast Replays

An archived version of the second quarter conference call and audio webcast will be available beginning on July 15, 2025, at approximately 2:00 p.m. ET through August 15, 2025, at www.bny.com/investorrelations.

About BNY

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of March 31, 2025, BNY oversees $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. 

Contacts:

Investors


Marius Merz

+1 212 298 1480
[email protected]

Media


Garrett Marquis

+1 949 683 1503
[email protected]

View original content:https://www.prnewswire.com/news-releases/bny-to-report-second-quarter-2025-results-on-july-15-2025-302450785.html

SOURCE BNY

Posted on May 9, 2025 4:18 pm

Navigator Gas Announces 2025 Annual Meeting

LONDON, May 09, 2025 (GLOBE NEWSWIRE) — Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, today announces that its 2025 Annual Meeting will be held at 09:00 A.M. local time on June 16, 2025, at the offices of Baker Botts LLP, 30 Rockefeller Plaza, New York, New York, 10112, U.S.A.

The record date for voting at the Annual Meeting is set as May 5, 2025. At the Annual Meeting, shareholders will vote on the election of the members of the Board of Directors and the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent public accounting firm. The notice, agenda and associated material will be distributed prior to the meeting.

The Company’s Notice of the Meeting and Proxy Statement will be mailed on or about May 9, 2025 and will be furnished to the U.S. Securities and Exchange Commission (the “Commission”) and available on the Commission’s website at www.sec.gov. The Notice of the Meeting and Proxy Statement is also available on the Company’s website by following the relevant links below.

The Company has filed its Form 20-F for the year ended December 31, 2024 (the “2024 Form 20-F”) with the U.S. Securities and Exchange Commission. The 2024 Form 20-F is available on our website (www.navigatorgas.com) in the ‘Investors Centre’ section under ‘Financials’ then ‘Annual Reports’. Shareholders may receive a hard copy of the 2024 Form 20-F free of charge, upon request.

6-K NVGS 2025 AGM Filing

–

Proxy Statement

–

Proxy Card

–

2024 Form 20-F Annual Report

About Navigator Gas

Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. Navigator Gas’ fleet consists of 59 semi- or fully-refrigerated liquefied gas carriers, 28 of which are ethylene and ethane capable. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties, connecting the world today, creating a sustainable tomorrow.

Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.

For media enquiries or further information, please contact:

Alexander Walster
Head of ESG & Communications
Email: [email protected]
Verde, 10 Bressenden Place, London, SW1E 5DH, UK
Tel: +44 (0)7857 796 052, +44 (0)20 7045 4114

Navigator Gas Investor Relations
Email: [email protected], [email protected]
333 Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002
Tel: +1 713 373 6197, +44 (0)20 7340 4850

Investor Relations / Media Advisors
Nicolas Bornozis / Paul Lampoutis
Capital Link – New York
Tel: +1-212-661-7566
Email: [email protected]

Category: General

Posted on May 9, 2025 4:18 pm

Okeanis Eco Tankers Corp. – Invitation to Q1 2025 Results Conference Call and Webcast

ATHENS, Greece, May 09, 2025 (GLOBE NEWSWIRE) — Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed results for the first quarter of 2025, after market close on the NYSE, on Wednesday, May 14, 2025, and a webcast/teleconference will be held at 14:30 CET, on Thursday, May 15, 2025.

Participants may access the webcast using the following link:

https://events.q4inc.com/attendee/905340409

Or via conference call using the below dial-in details:

Standard International Access: +44 20 3936 2999
USA: +1 646 664 1960
Norway: +47 815 03 308
Password: 435257

The presentation material, which will be used in the webcast/teleconference, will be available for download from the Investor Relations section at www.okeanisecotankers.com prior to the live webcast/teleconference.

Contacts

Company:

Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
[email protected]

Investor Relations / Media Contact:

Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
[email protected]

About OET

OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.

Forward Looking Statements

This communication contains “forward-looking statements”, including as defined under U.S. federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, 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. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.

Posted on May 9, 2025 4:18 pm

Aspen Announces Closing of Upsized Initial Public Offering

Aspen Announces Closing of Upsized Initial Public Offering

HAMILTON, Bermuda–(BUSINESS WIRE)–
Aspen Insurance Holdings Limited (“Aspen”) announced today the closing of its upsized initial public offering of 13,250,000 of its Class A ordinary shares, par value $0.001 per share (“ordinary shares”), at a price to the public of $30.00 per ordinary share. The ordinary shares were sold by certain entities managed by affiliates of Apollo Global Management, Inc. (the “selling shareholders”). In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,987,500 ordinary shares. The ordinary shares began trading under the ticker symbol “AHL” on the New York Stock Exchange on May 8, 2025.

Goldman Sachs & Co. LLC, Citigroup and Jefferies acted as lead book-running managers for the offering. Apollo Global Securities, BMO Capital Markets, Deutsche Bank Securities, Morgan Stanley, RBC Capital Markets, Wells Fargo Securities, Citizens Capital Markets, Dowling & Partners Securities, LLC, Natixis, Piper Sandler & Co. and Raymond James acted as book-running managers for the offering. Academy Securities and Siebert Williams Shank acted as co-managers for the offering.

The offering of Aspen’s ordinary shares was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-800-831-9146; and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected].

A registration statement on Form F-1 relating to the ordinary shares was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 7, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy ordinary shares, and shall not constitute an offer, solicitation or sale 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 that state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, that are made under the “safe harbor” provisions of The Private Securities Litigation Reform Act of 1995. In particular, statements using words such as “expect,” “intend,” “plan,” “believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “predict,” “potential,” “on track” or their negatives or variations and similar terminology and words of similar import generally involve future or forward-looking statements. Forward-looking statements reflect Aspen’s current views, plans or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive and other risks, uncertainties and contingencies. Aspen’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including, but not limited to uncertainties related to market conditions and the SEC’s review process, and other factors relating to Aspen’s business described in the section entitled “Risk Factors” in the registration statement on Form F-1 filed with the SEC. The inclusion of forward-looking statements in this press release or any other communication should not be considered as a representation by Aspen or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Aspen undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250509345716/en/

Media Contact

Jo Scott

Head of Corporate Communications

[email protected]

+44 7843 060406

KEYWORDS: Caribbean United States Bermuda North America

INDUSTRY KEYWORDS: Professional Services Insurance Finance

MEDIA:

Posted on May 9, 2025 4:18 pm

Westlake Corporation Declares Quarterly Dividend

Westlake Corporation Declares Quarterly Dividend

$0.525 per share dividend declared payable on June 5, 2025

HOUSTON–(BUSINESS WIRE)–
The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of $0.525 per share for the first quarter of 2025. This dividend will be payable on June 5, 2025 to stockholders of record on May 20, 2025.

Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 20 years.

The statements in this release that are not historical facts, including statements regarding future payment of dividend, are forward-looking statements. These forward-looking statements are subject to significant risks and uncertainties. For more detailed information about the factors that could cause actual results to differ materially, please refer to Westlake’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC in February 2025, and Westlake’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC in May 2025, respectively.

About Westlake

Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions — from housing and construction, to packaging and healthcare, to automotive and consumer. For more information, visit the Company’s web site at www.westlake.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250508604226/en/

Media Inquiries:

Westlake Corp.

Ben Ederington, 713-960-9111

or

Investor Inquiries:

Westlake Corp.

Steve Bender, 713-960-9111

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Chemicals/Plastics Other Manufacturing Manufacturing

MEDIA:

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Brown-Forman and Korbel Champagne Cellars Conclude Relationship

LOUISVILLE, Ky.–(BUSINESS WIRE)–
Brown-Forman Corporation (NYSE: BFA, BFB) and Korbel Champagne Cellars today announced the end of their sales, marketing, and distribution relationship, effective June 30, 2025. This transition concludes its business relationship spanning multiple decades.

“We deeply value the rich history and collaborative spirit that has characterized our relationship with Korbel and its owner, Gary Heck,” said Lawson Whiting, President and Chief Executive Officer, Brown-Forman Corporation. “Going forward, we will each pursue our respective long-term growth objectives.”

Gary Heck, President and Owner of Korbel Champagne Cellars, remarked “Korbel deeply appreciates the decades of successful partnership with Brown-Forman. As we embark on this new chapter, we are excited to continue connecting with our consumers and further elevate our iconic brand nationwide.”

Both companies are committed to ensuring a smooth and orderly transition for their customers and stakeholders during this period.

About Brown-Forman

Brown-Forman Corporation has been building exceptional spirits brands for more than 150 years, responsibly upholding our founding promise of “Nothing Better in the Market.” Our portfolio of premium brands includes the Jack Daniel’s Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. With a team of approximately 5,400 employees worldwide, we proudly share our passion for premium beverages in more than 170 countries. Discover more about us at brown-forman.com and stay connected through LinkedIn, Instagram, and X.

About Korbel Champagne Cellars

Established in 1882 in Sonoma County’s Russian River Valley, Korbel Champagne Cellars produces the United States’ most popular méthode champenoise champagne. But the true measure of Korbel’s success during its 143 years can be seen in the impact it’s had on American consumers and its presence at various celebrations throughout the years. Owned and managed by the Heck family since 1954, Korbel currently makes eleven California champagnes and a limited amount of still wine. Korbel also produces one of the country’s most respected brandies.

Important Information on Forward-Looking Statements:

This press release contains statements that are “forward-looking statements” as defined under U.S. federal securities laws. These forward-looking statements reflect management’s expectations or projections regarding future events and speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections.

For further information on factors that could cause our actual results to differ materially from our historical experience or from our current expectations or projections, please refer to our public filings, including the “Risk Factors” section of our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250509428448/en/

Elizabeth Conway

Director

Corporate Communications

[email protected]

Sue Perram

Vice President

Investor Relations

[email protected]

KEYWORDS: United States North America Kentucky

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage Wine & Spirits

MEDIA:

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Sable Offshore Corp. Reports First Quarter 2025 Financial and Operational Results

HOUSTON–(BUSINESS WIRE)–
Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced its first quarter 2025 financial and operational results.

First Quarter 2025 Financial Highlights

• Reported a net loss of $109.5 million, primarily attributable to production restart related operating expenses, non-cash interest expense, and a non-cash change in fair value of warrant liabilities.
• Ended the quarter with 89,338,358 shares of Common Stock outstanding.
• Concluded the quarter with outstanding debt of $854.6 million, inclusive of paid-in-kind interest, additional principal incurred from the debt amendment, and debt issuance costs.
• Ended the quarter with cash and cash equivalents balance of $189.0 million, exclusive of restricted cash balance of $35.5 million.

About Sable

Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California.

Forward-Looking Statements

The information in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “continue,” “plan,” “forecast,” “predict,” “potential,” “future,” “outlook,” and “target,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements will contain such identifying words. These statements are based on the current beliefs and expectations of Sable’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause Sable’s actual results to differ materially from those described in the forward-looking statements include: the ability to recommence production of the SYU assets and the cost and time required therefor; global economic conditions and inflation; increased operating costs; lack of availability of drilling and production equipment, supplies, services and qualified personnel; geographical concentration of operations; environmental and weather risks; regulatory changes and uncertainties; litigation, complaints and/or adverse publicity; privacy and data protection laws, privacy or data breaches, or loss of data; our ability to comply with laws and regulations applicable to our business; and other one-time events and other factors that can be found in Sable’s Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on Sable’s website (www.sableoffshore.com) and on the Securities and Exchange Commission’s website (www.sec.gov). Except as required by applicable law, Sable undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.

Disclaimers

Non-Producing Assets

The SYU assets have not produced commercial quantities of hydrocarbons since such assets were shut in during June of 2015 when the only pipeline transporting hydrocarbons produced from such assets to market ceased operations. There can be no assurance that the necessary permits will be obtained that would allow the pipeline to recommence transportation and allow the assets to recommence production. If Restart Production is not achieved by March 1, 2026, the terms of the asset acquisition with ExxonMobil Corporation would potentially result in the assets being reverted to ExxonMobil Corporation without any compensation to Sable therefor.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250508855240/en/

Investor Contact:

Harrison Breaud

Vice President, Finance & Investor Relations

[email protected]

713-579-8111

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Professional Services Oil/Gas Legal Energy Finance Banking

MEDIA: