Latest news with #Offshore
Yahoo
2 days ago
- Business
- Yahoo
Butterfield Bank (NTB) Q2 Earnings: What To Expect
Offshore banking group Butterfield Bank (NYSE:NTB) will be announcing earnings results this Monday after the bell. Here's what you need to know. Butterfield Bank beat analysts' revenue expectations by 4.4% last quarter, reporting revenues of $147.8 million, up 3.7% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' net interest income estimates and a solid beat of analysts' EPS estimates. Is Butterfield Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Butterfield Bank's revenue to grow 3.1% year on year to $147.6 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Butterfield Bank has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average. Looking at Butterfield Bank's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts' expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking's stock price was unchanged. Read our full analysis of Atlantic Union Bankshares's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. Butterfield Bank's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $51.75 (compared to the current share price of $44.37). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Butterfield Bank (NTB) Q2 Earnings: What To Expect
Offshore banking group Butterfield Bank (NYSE:NTB) will be announcing earnings results this Monday after the bell. Here's what you need to know. Butterfield Bank beat analysts' revenue expectations by 4.4% last quarter, reporting revenues of $147.8 million, up 3.7% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' net interest income estimates and a solid beat of analysts' EPS estimates. Is Butterfield Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Butterfield Bank's revenue to grow 3.1% year on year to $147.6 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Butterfield Bank has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average. Looking at Butterfield Bank's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts' expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking's stock price was unchanged. Read our full analysis of Atlantic Union Bankshares's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. Butterfield Bank's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $51.75 (compared to the current share price of $44.37). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Reuters
5 days ago
- Business
- Reuters
Italy's Saipem sees Mozambique LNG project restarting by end of summer
MILAN, July 24 (Reuters) - Italy's Saipem ( opens new tab is confident that a $20-billion liquefied natural gas project in Mozambique for TotalEnergies ( opens new tab will restart by the end of the summer, the CEO of the energy contractor said on Thursday. Covered by force majeure since 2021 following insurgent attacks, the Mozambique LNG project includes developing the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and building a two-train liquefaction plant. The contract for Saipem is worth around 3 billion euros ($3.5 billion). "The restart is made of a progression of activities that will take place this summer ... lifting the force majeure is one of these steps," Saipem's Alessandro Puliti said in a press briefing after second-quarter results. TotalEnergies CEO Patrick Pouyanne said last month that he expected the project to resume development "this summer". Puliti played down media reports that the project site would be accessible to workers only by sea due to security reasons. "Much of the equipment needed for the project is transported to the site where the LNG plant is being built by sea for logistical rather than security reasons," Puliti said. Milan-based Saipem and its Norwegian rival Subsea7 ( opens new tab confirmed earlier in the day that they would merge to form a leading global player in offshore energy services. The merger terms align with those outlined in February's memorandum of understanding, the companies said. The combination is expected to be completed in the second half of 2026, Puliti confirmed, adding that getting approval from all the relevant authorities would take around 12 months from now. Britain's competition regulator said on Thursday it was considering whether the merger could affect competition within the oil services market. Saipem reported on Wednesday a 39% year-on-year rise in second-quarter core earnings to 413 million euros. New contracts acquired in the period dropped to 2.2 billion euros, compared to 5.085 billion euros in the same period of last year, but the group confirmed its expectations for order intake in the full-year worth around 12 billion euros. ($1 = 0.8513 euros)
Yahoo
16-07-2025
- Business
- Yahoo
Ireland Oil and Gas On-shore/Off-shore Exploration Map 2025
Explore Ireland's offshore and onshore exploration with our biannual 1:1,000,000 scale map. Available in digital print and PDF, it details all . Includes a concession guide and highlights all sedimentary basins by name. Ireland - Oil and Gas Exploration Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Ireland - Oil and Gas Exploration - 1st Edition 2025" map from La Tene Maps has been added to offering. The full color map is a concession map and shows all exploration licences onshore and offshore Ireland (north and south) together with the operator's name and licence type (Lease, licence and option). The map shows all quads, blocks, wells drilled with results and total depth. A detailed concession guide outlining the operator and consortia member interest is included. A feature of all our exploration maps is that the sedimentary basins are shown and named. For more information about this map visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Ireland - Oil and Gas Exploration CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Here is Why Hess Corporation (HES) Gained This Week
The share price of Hess Corporation (NYSE:HES) surged by 6.91% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week. An oil tanker sailing across the horizon, conveying the importance of crude oil transportation for the company. Hess Corporation (NYSE:HES) is a leader in deepwater development and production, with top-quartile performance in offshore drilling and project delivery. Hess Corporation (NYSE:HES) received a boost this week after the analysts at Scotiabank adjusted the stock's price target from $146.58 to $155, while maintaining a 'Sector Perform' rating on its shares. The adjustment comes as Scotiabank is updating its price targets of the U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage. Moreover, it was also reported this week that Chevron is preparing to close its $53 billion acquisition of Hess Corporation (NYSE:HES), even as the two still await the decision of the arbitration court on the dispute filed by Exxon and China's CNOOC – Hess' partners in Guyana. While we acknowledge the potential of HES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None.
