Third Quarter 2025 Earnings Supplement Claros Mortgage Trust, Inc. (CMTG) November 5, 2025 The properties above are not representative of all transactions. The information provided herein is as of September 30, 2025 unless otherwise noted. Third Quarter 2025 Highlights | $ | $ | $ | $ | G | A | A | P | los | f | 9. | i | l | l | ion | 0. | 0 | ha | d | is | i | bu | b | le | los | f | 2 | 1. | i | l | l | ion | 0. | 1 | ha | d | d | is | i | bu | b | le | ing | ior | t | 5 | 7 | tr | ta | 5 | 5 | tr | ta | ...

业绩总结 - 2025年第三季度总生产量为410.2 MBoe/d，其中油生产量为186.9 MBbls/d，NGLs为105.8 MBbls/d，自然气为704.8 MMcf/d[13] - 2025年第三季度调整后的EBITDAX为10.19亿美元，调整后的运营现金流为9.49亿美元，调整后的自由现金流为4.69亿美元，创下公司历史最高季度自由现金流[14] - 2025年第三季度的总石油和天然气收入为13.218亿美元，调整后的净收入为3.151亿美元[65] 用户数据 - 2025年预计净日均产量为398,000 Boe/d，净日均原油产量为182,000 Bbls/d[67] - 2025年剩余时间，原油对冲覆盖约30%的预期生产，平均WTI价格约为70.99美元/桶[76] - 2025年剩余时间，天然气对冲覆盖约36%的预期生产，平均价格约为2.20美元/MMBtu[76] 财务状况 - 截至2025年9月30日，总债务为35.75亿美元，净债务为34.63亿美元，净债务与LQA EBITDAX比率为0.8x[13] - 现金及现金等价物为1.12亿美元，流动性超过26亿美元[14] - 2025年总可控现金成本预计为每Boe 8.25美元，较之前的7.25美元有所上调[67] 未来展望 - 全年油生产指导中点提高3.0 MBbls/d至181.5 MBbls/d，总生产量提高9.0 MBoe/d至394.0 MBoe/d，较初始指导提高5%[14] - 2025年自由现金流预计将增加超过1亿美元，主要得益于与Gulf Coast和DFW市场的定价协议[53] - 2025年公司计划进行约550笔交易，新增超过20,000净英亩[54] 新产品和新技术研发 - 2025年预计现金资本支出为20.2亿美元，其中约80%用于钻探和完井[67] - 2025年第三季度的钻探和完井成本每英尺低于2025年指导的3%[14] 市场扩张和并购 - 通过约250笔交易增加了约5,500净英亩和2,400净特许权英亩，交易总额约为1.8亿美元[14] - 2025年第三季度完成约250笔交易，总交易金额约为1.8亿美元，涉及约5500净英亩和2400净特许权英亩，日产量约为800 Boe/d（67%为原油）[40] 负面信息 - 2024年第三季度的净现金流为766,486千美元，较2024年同期的954,358千美元下降[84] - 2025年第三季度的基本和稀释后调整净收入分别为315,136千美元和315,136千美元[86]

3Q 2025 Financial Results Group lost time injury frequency rate (LTIFR)1 0.68 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M'25 Improvement in serious injuries and fatalities this year compared to last year 1. LTIFR = Lost time injury frequency rate defined as Lost Time Injuries (LTI) per 1,000,000 worked hours (own personnel and contractors); A LTI is an incident that causes an injury that prevents the person from returning to hi ...

Third Quarter 2025 Earnings November 6, 2025 This presentation discusses Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Free Cash Flow and Adjusted Operating Expenses. These financial measures are not prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). These financial measures are presented as supplemental measures of operating performance because the Company believes they provide meaningful information regarding the Company's performance and pr ...

International Seaways Inc. Third Quarter 2025 Earnings Presentation November 6, 2025 Disclaimer Forward-Looking Statements During the course of this presentation, the Company (International Seaways, Inc. (INSW)) may make forward-looking statements or provide forward-looking information. All statements other than statements of historical facts should be considered forward-looking statements. Some of these statements include words such as ''outlook,'' ''believe,'' ''expect,'' ''potential,'' ''continue,'' "gui ...

3Q25 Earnings Presentation November 2025 Disclaimer This presentation may contain estimates and projections that are not statements of historical fact but reflect the beliefs and expectations of our management and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believes," "may," "can," "estimates," "continues," "anticipates," "intends," "expects," and simi ...

FRP Holdings, Inc. Q3'25 Earnings Presentation NOVEMBER 2025 Safe Harbor Disclosures Investors are cautioned that any statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include, but are not limited to: the possibility that we may be unable to find appropriate investment opportunities; levels of construction activity i ...

业绩总结 - 2025年第三季度生产总量为200 MBOEPD，其中Eagle Ford Shale贡献49,000 BOEPD，Offshore贡献68,000 BOEPD，Onshore Canada贡献83,000 BOEPD[23] - 2025年第三季度总收入为681百万美元，其中Eagle Ford Shale收入232百万美元，Offshore收入376百万美元，Onshore Canada收入72百万美元[25] - 2025年第三季度实现的油价为每桶66.18美元，天然气液体价格为每桶19.36美元，天然气价格为每千立方英尺1.50美元[26] - 2025年第三季度的调整后EBITDA为390.6百万美元，较前一季度的334.9百万美元增长16.6%[83] - 2025年第三季度的净现金流为3.394亿美元，较2024年同期的4.290亿美元有所下降[81] - 2025年第三季度的调整后自由现金流为1.244亿美元，较2024年同期的1.018亿美元有所增长[81] - 2025年第三季度的净收入为-3.0百万美元，较前一季度的22.3百万美元下降[83] 用户数据 - 2025年第三季度的天然气生产占总生产的65%，油占29%，天然气液体占6%[30] - 2025年Eagle Ford Shale的日产油量为25,000 BOPD，天然气液体日产量为6,100 BOPD[56] - 2025年Tupper Montney的日产气量为403,700 MCFD，日产油量为200 BOPD[56] 未来展望 - 2025年第四季度生产总量预计为176,000至184,000 BOEPD，其中48%为原油，55%为液体[56] - 2025年全年生产量预计为174,500至182,500 BOEPD[56] - 预计2025年将有10%至15%的年度资本支出分配用于勘探[63] - 预计2026年至2030年，年均海上生产将超过90千桶油当量每日（MBOEPD），年均资本支出约为4.5亿美元[132] 新产品和新技术研发 - Lac Da Vang开发项目预计在2026年第四季度实现首次油气生产，预计总可回收资源为1亿桶油当量[38] - Murphy计划在2025年第四季度启动Hai Su Vang-2X评估井，预计将达到2500桶/日的流量[99] 市场扩张和并购 - 截至2024年12月31日，海上项目组合中有22个项目的总资源为193百万桶油当量（MMBOE），其 breakeven 价格低于每桶40美元WTI[127] - 确定的海上项目组合中，80%的资源位于美国墨 Gulf，11%位于东南亚，9%位于加拿大[131] 负面信息 - 2025年第三季度的资产减值费用为92.0百万美元，较2024年第四季度的28.4百万美元显著增加[83] - Murphy在2025年第三季度的外汇损益为-13.4百万美元，较前一季度的34.3百万美元大幅波动[83] 其他新策略和有价值的信息 - 截至2025年9月30日，公司的流动性为约16亿美元，债务杠杆维持在1.0倍[12][16] - 2025年迄今自由现金流为192百万美元，已向股东返还240百万美元，其中第三季度返还46百万美元[15][16] - 公司将继续专注于资本效率和持续改进的文化，以实现价值增值[125]

Supplemental Financial Information SEPTEMBER 30, 2025 FOUR SEASONS RESORT AND RESIDENCES JACKSON HOLE TABLE OF CONTENTS | 3 | OVERVIEW | | | --- | --- | --- | | | About Host Hotels & Resorts | 4 | | | Analyst Coverage | 5 | | | Forward-Looking Statements | 6 | | | Non-GAAP Financial Measures | 6 | | 7 | PROPERTY LEVEL DATA AND CORPORATE MEASURES | | | | Comparable Hotel Results by Location | 8 | | | Historical Comparable Hotel Results | 16 | | | Comparable Hotel Results 2025 Forecast and Full Year 2024 | 18 ...

Active Rig Count by Location 3 6 1 3 Rig Name Location West Capella S.E. Asia West Carina Brazil Sevan Louisiana U.S. Gulf Sonangol Quenguela2 Angola West Neptune U.S. Gulf West Vela U.S. Gulf West Gemini Angola West Saturn Brazil Sonangol Libongos2 Angola West Auriga Brazil West Polaris Brazil West Elara Norway West Jupiter Brazil West Tellus Brazil 2025 2026 2027 2028 2029 O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J Out-of-service time1 Contract preparation Fi ...