Vermilion Energy (NYSE:VET) Q3 2025 Earnings Call November 06, 2025 11:00 AM ET Speaker1Good morning, ladies and gentlemen, and welcome to the Vermilion Q3 2025 conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, November 6, 2025. I will now turn the conference call over to ...

Saga Communications (NasdaqGM:SGA) Q3 2025 Earnings Call November 06, 2025 11:00 AM ET Speaker2Thank you, Matt, and thank you to your dulcet tones. Thank you to everyone who has taken the time to join Saga's 2025 Q3 earnings call. We appreciate your continued interest and support and your participation in Saga Communications, what we believe is the best media company on the planet. I'm here with Sam Bush, and today represents Sam, 28 years of Sam doing Saga earnings calls. Sam, congratulations. With that, I ...

Gold Royalty (NYSEAM:GROY) Q3 2025 Earnings Call November 06, 2025 11:00 AM ET Speaker1Good day and welcome to the Gold Royalty Corp third quarter 2025 results conference call. Today, all participants will be in a listen-only mode. Should you need assistance during today's call, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note that today's event is being recorded. I would now like to turn t ...

财务数据和关键指标变化 - 公司第三季度GAAP每股收益为0.01美元，但受到非现金衍生品市场调整影响；调整后每股收益为0.14美元 [7] - 第三季度总收入约为7.83亿美元，其中包括根据黄金预付款义务交付的66,000盎司黄金，价值1.44亿美元 [7] - 第三季度运营现金流为1.71亿美元，在营运资本调整前为1.8亿美元 [8] - 季度末现金及现金等价物为3.67亿美元，期间动用了2亿美元的循环信贷额度以管理营运资本 [8] 各条业务线数据和关键指标变化 - Fekola、Masbate和Otjikoto矿场第三季度运营表现强劲，产量均超预期，现金运营成本低于预期 [2] - Goose矿场于10月2日实现商业化生产，但第三季度产量受到破碎能力不足和暂时无法获取Umwelt地下高品位矿石的影响 [2][10] - Fekola地下矿于7月30日提前投产，表现超预期 [12] - Masbate矿场处理量在2025年显著超预期，预计第四季度产量稳定 [12] - Otjikoto矿场露天和地下开采在第三季度进展顺利，产量超预期 [12] 各个市场数据和关键指标变化 - 马里Fekola矿场运营未受当地政治局势影响，矿场持续良好运行，距离首都巴马科500公里 [4][5][6] - 公司预计将很快获得Fekola区域开采和矿石运输至Fekola选矿厂的许可，以及Fekola地下开采的许可 [6] 公司战略和发展方向和行业竞争 - 在当前强劲的金价环境下，公司年黄金产量约100万盎司，且Goose矿的主要资本支出已完成，为未来几年创造股东价值奠定基础 [3][4] - 公司批准了Otjikoto矿场Antelope地下矿床的开发决策，预计可将预生产资本成本从1.29亿美元降至1.05亿美元 [13] - Antelope地下矿的生产有望将Otjikoto矿的黄金产量提高约110,000盎司，延长矿山寿命至2030年代 [3][13][14] - Goose矿的长期产量目标保持不变：2026年约250,000盎司，2027年约330,000盎司，初期6年年均产量约300,000盎司 [11] 管理层对经营环境和未来前景的评论 - 管理层认为关于马里恐怖组织即将接管巴马科的媒体报道是完全错误且夸大其词的，强调矿场运营未受影响 [4][5][6] - 公司对在马里持续生产并与政府合作的能力充满信心，并注意到国际社会对马里的支持 [5][6] - 公司财务状况良好，有足够灵活性履行预付款义务、完成维保和增长计划、资助勘探项目并继续执行股票回购计划 [8][9] 其他重要信息 - Goose矿正通过使用移动破碎设备作为临时措施来解决破碎能力问题，永久性优化方案正在设计中，预计2026年实施 [3][10] - Goose矿2025年黄金产量指引下调至50,000至80,000盎司 [10] - Umwelt地下矿床的开采于2025年10月下旬开始，预计将快速提升 [3][10][11] - 公司预计在年底前达到Goose矿每天4,000吨的设计产能 [3] 问答环节所有提问和回答 问题: Fekola地下矿2026年的预期品位和产量目标 - 预计Fekola地下矿的目标品位约为4.5克/吨，日处理量目标约为1,500吨 [17] - 开发进度由承包商Byrnecut负责，进展顺利，按计划或略有提前，对2026年生产充满信心 [18] 问题: Fekola区域许可的现状及前期准备工作 - Fekola区域许可正在马里政府审批的最后阶段，预计在2025年底前获得，可能很快 [35] - 在等待许可期间，公司已获准进行一些清理工作，并已开始进行前期剥离和人员设备准备，承担较小风险 [19][36] 问题: Goose矿地下开采品位提升和开发进度 - Goose矿地下开采品位正在按计划提升，公司已配备合适的人员和设备，开发进度预计将按计划进行 [20] 问题: Goose矿第四季度成本上升的原因及对未来成本的展望 - 第四季度成本上升是由于产量指引下调（至约45,000盎司）以及无法按计划获取高品位矿石所致，这些是爬坡期的临时成本，不应 extrapolate 到未来 [24][25] - 成本上升的具体原因是设备零件（Sandvik）和操作人员到位延迟，但问题已解决 [27] - 对2026年25万盎司及以后的成本指引目前没有变化 [25] 问题: Goose矿破碎问题的优化方案及资本支出影响 - 公司已聘请第三方顾问研究破碎问题的永久解决方案，报告将于2025年12月完成，预计资本支出影响较小 [31][32] - 解决方案的决策将与后续项目（如CLIF）的决策顺序协调 [33] 问题: 马里区域许可发放延迟的原因 - 许可延迟主要是由于马里政府的官僚审批流程，但目前已在最终批准阶段 [34][35] 问题: 公司对循环信贷额度的使用计划 - 如果金价在第四季度维持当前水平，公司预计在年底前偿还大部分或全部循环贷款 [37] - 公司可能在2026年第一季度和第二季度为管理预付款交付的现金流 timing 而少量使用该额度，之后将偿还 [37] 问题: Goose矿第三和第四季度的资本支出情况 - 第三季度资本支出为1.57亿美元，部分原计划计入运营成本的场地管理费和调试费因爬坡期 timing 被资本化，纯资本支出基本符合预算 [38] - 第四季度Goose矿资本预算增加了1,500万美元，从4,500万增至6,000万美元，主要用于维持现场人员的时间比预期略长 [39] - 总体而言，第三季度的资本和运营成本基本符合预算，只是成本分类有所调整 [39]

Upland Software (NasdaqGM:UPLD) Q3 2025 Earnings Call November 06, 2025 11:00 AM ET Speaker1Thank you for standing by and welcome to the Upland Software third quarter 2025 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions for that will be given at that time. The conference call will be recorded and simultaneously webcast at investor.uplandsoftware.com, and a replay will be available there for 12 months. By now, eve ...

Texas Pacific Land (NYSE:TPL) Q3 2025 Earnings Call November 06, 2025 10:30 AM ET Company ParticipantsShawn Amini - Head of Investor RelationsChris Steddum - CFOTy Glover - CEORobert Crain - EVP of Water ResourcesConference Call ParticipantsDerrick Whitfield - Equity Research AnalystOliver Huang - Research AnalystOperatorThanks. Welcome to Texas Pacific Land Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. The question-and-answer session wi ...

Texas Pacific Land (NYSE:TPL) Q3 2025 Earnings Call November 06, 2025 10:30 AM ET Company ParticipantsShawn Amini - Head of Investor RelationsChris Steddum - CFOTy Glover - CEORobert Crain - EVP of Water ResourcesConference Call ParticipantsDerrick Whitfield - Equity Research AnalystOliver Huang - Research AnalystOperatorThanks. Welcome to Texas Pacific Land Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. The question-and-answer session wi ...

US Physical Therapy (NYSE:USPH) Q3 2025 Earnings Call November 06, 2025 10:30 AM ET Speaker5Thank you. Good morning, everyone, and welcome to US Physical Therapy second quarter 2025 earnings call. With me on the call include Carey Hendrickson, our Chief Financial Officer, Eric Williams, our President and Chief Operating Officer in the East, Graham Reeve, the Chief Operating Officer in the West, Rick Binstein, our Executive Vice President and General Counsel, and Jason Curtis, our Senior Vice President, Acco ...

ScanSource (NasdaqGS:SCSC) Q1 2026 Earnings Call November 06, 2025 10:30 AM ET Speaker1Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session. Today's call is being recorded. If anyone has any objections, you may disconnect at this time. I would now like to turn the call over to Mary Gentry, Senior Vice President, Finance and Treasurer. Please go ahead.Speaker5Good morning, and thank you for joining us. Our call wi ...

ScanSource (NasdaqGS:SCSC) Q1 2026 Earnings Call November 06, 2025 10:30 AM ET Speaker0Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen only mode until the question and answer session. Today's call is being recorded. If anyone has any objections, you may disconnect at this time. I would now like to turn the call over to Mary Gentry, Senior Vice President, Finance and Treasurer.Please go ahead.Speaker1Good morning and thank you for joining us. Our call will ...