Sign in

    Derrick Whitfield • Texas Capital Bank

    Derrick Whitfield's questions to Gevo Inc (GEVO) leadership

    Derrick Whitfield's questions to Gevo Inc (GEVO) leadership • Q2 2025

    Question

    Derrick Whitfield from Texas Capital asked about the depth and contract structure of the CDR market, how Gevo optimizes low-carbon ethanol revenue, and the opportunity for third-party CO2 sequestration.

    Answer

    CBO Paul Bloom described the CDR market as developing, with Gevo focused on longer-term contracts for its high-integrity credits. He explained they balance selling carbon value within fuel markets or separately as CDRs based on returns. COO Chris Ryan and Bloom confirmed they are exploring third-party sequestration, balancing it with their own future capacity needs.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Gevo Inc (GEVO) leadership • Q1 2025

    Question

    Derrick Whitfield of Texas Capital Bank asked about the potential value Gevo could receive for its ethanol and dairy RNG under the proposed 45Z tax credit extension. He also inquired about the bill's outlook in the Senate and the value of credits from the Future Energy Global offtake agreement.

    Answer

    CEO Patrick Gruber stated the 45Z value is significant, as it's based on CI score, and Gevo's is already very low. He noted the dairy RNG pathway was a positive surprise that would be highly beneficial. Chief Business Officer Paul Bloom addressed the offtake value, stating that the credits are valued "well over in the hundreds of dollars a ton," which is substantially higher than LCFS markets.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Mach Natural Resources LP (MNR) leadership

    Derrick Whitfield's questions to Mach Natural Resources LP (MNR) leadership • Q2 2025

    Question

    Derrick Whitfield inquired about the one-time events that led to a lower distribution payout than implied by cash flow and sought confirmation on the company's significant natural gas growth trajectory for 2026.

    Answer

    CFO Kevin White detailed two main factors for the lower distribution: an $8.2 million legal settlement ($0.07/unit impact) and lower-than-expected gas prices, including a widened Panhandle Eastern basis differential ($0.07/unit impact). CEO Tom Ward confirmed the company projects its natural gas mix to exceed 70% by 2026, driven by a strategic shift to gas drilling, and noted a large amount of its gas production is undedicated.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Mach Natural Resources LP (MNR) leadership • Q1 2025

    Question

    Derrick Whitfield asked about the shift in development from the oily Oswego play to gassier assets, questioning if a specific oil-to-gas price ratio or a simple $70 WTI price is the trigger. He also asked if there was potential upside to BOE guidance given the high productivity of deep Anadarko wells.

    Answer

    Executive Tom Ward clarified the decision is driven purely by project rate of return, not a specific price ratio. With current commodity prices, other areas offer returns superior to their 50% IRR target, unlike the Oswego play. Executive Kevin White and Tom Ward confirmed that the shift to deep Anadarko drilling is expected to drive dramatic gas production growth in 2026, suggesting potential upside to total production volumes.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Texas Pacific Land Corp (TPL) leadership

    Derrick Whitfield's questions to Texas Pacific Land Corp (TPL) leadership • Q2 2025

    Question

    Derrick Whitfield of Texas Capital inquired about the second-half outlook for TPL's water business, the strategic implications of the ARRIS acquisition by Western, cost objectives for the new desalination facility, and the potential for more power generation projects in the Permian.

    Answer

    EVP of Texas Pacific Water Resources, Robert Crain, explained that while Q2 water sales were impacted by customer delays and spatial variation, Q3 looks strong. He detailed the desalination project's role in enabling data centers and power generation, noting it's a multiyear effort. President and CEO Tyler Glover added that industry consolidation, like the ARRIS deal, creates more opportunities for TPL as a landowner.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Texas Pacific Land Corp (TPL) leadership • Q2 2025

    Question

    Derrick Whitfield of Texas Capital asked about the second-half outlook for TPL's water business, the strategic implications of the ARRIS acquisition by Western, the cost objectives for the new desalination facility, and the potential for attracting power generation and data center projects to the Permian.

    Answer

    EVP of Texas Pacific Water Resources, Robert Crain, explained that Q2 water sales were impacted by commodity prices and spatial variation, but he anticipates a strong Q3. President and CEO Tyler Glover viewed the ARRIS acquisition as a positive development that supports TPL's water thesis. Robert Crain further detailed that the desalination project is 'research and development at scale,' crucial for enabling beneficial reuse and attracting new industries like data centers. He also expressed confidence that recent power generation announcements are the first of many, given the Permian's abundant resources.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Texas Pacific Land Corp (TPL) leadership • Q1 2025

    Question

    Derrick Whitfield of Stifel Financial Corp. inquired about the water business fundamentals in the Delaware Basin, the impact of major new water pipeline projects on TPL, and the current M&A landscape for mineral and surface assets.

    Answer

    CEO Tyler Glover confirmed that produced water volumes are growing rapidly as operators target deeper formations, a trend that benefits TPL's water segment. He explained that new pipeline projects, particularly the Western Pathfinder pipeline, are a net positive for the basin and will generate direct revenue for TPL. Regarding M&A, Glover described the environment as friendly with a strong backlog of opportunities, though he noted the bid-ask spread could widen if commodity prices fall further. EVP Robert Crain added that Delaware produced water volumes are forecasted to grow from ~12-15 million barrels per day to 18-20 million by 2028-2030, underscoring the need for TPL's water infrastructure and solutions.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Texas Pacific Land Corp (TPL) leadership • Q4 2024

    Question

    Derrick Whitfield asked about synergies between desalination, data centers, and power generation, as well as progress on the company's desalination cost and efficiency targets. He also inquired about the M&A landscape for royalties versus surface assets, potential federal policy impacts on New Mexico pore space, and the expected 2025 turn-in-line rate for oil and gas royalties.

    Answer

    Executive Robert Crain detailed the significant synergies between behind-the-grid power, data centers, and desalination, stating the company is on track with its efficiency goals and that the $0.75/barrel cost target is '100% achievable' at scale. CEO Tyler Glover described the 2025 M&A pipeline for both surface and mineral assets as very strong. CFO Chris Steddum projected that, based on current inventory, 14-15 net wells could be turned online in 2025, contingent on oil prices and operator activity levels.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to LandBridge Co LLC (LB) leadership

    Derrick Whitfield's questions to LandBridge Co LLC (LB) leadership • Q2 2025

    Question

    Derrick Whitfield from Texas Capital sought management's perspective on the acquisition of ARRIS by Western Midstream (WES) and its implications for the valuation of pore space. He also asked for clarification on the new power partner (IPP), questioning if it was a new developer in the Delaware Basin and if they had secured a combined cycle gas turbine.

    Answer

    CFO Scott McNeely stated that from LandBridge's perspective, the WES/ARRIS transaction underscores the critical importance of pore space, reinforcing LandBridge's core thesis. Regarding the independent power producer (IPP), McNeely confirmed it is a brand-name partner but declined to provide further details, citing a joint press release planned for the coming weeks.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to LandBridge Co LLC (LB) leadership • Q1 2025

    Question

    Derrick Whitfield from Texas Capital asked about the underlying growth in produced water volumes given the shift to deeper intervals and inquired about the company's perspective on desalination opportunities.

    Answer

    CEO Jason Long confirmed that a shift to deeper, more water-heavy benches, coupled with flatter PDP declines in their core area, means water growth is expected to 'meaningfully eclipse' oil growth for the foreseeable future. On desalination, Long clarified it is primarily a WaterBridge initiative. While LandBridge is supportive, he noted the technology's cost curve still needs to improve for large-scale feasibility. He stressed that LandBridge remains agnostic, as any such projects would require their land and generate royalties.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to LandBridge Co LLC (LB) leadership • Q4 2024

    Question

    Derrick Whitfield from Texas Capital asked about the strategy behind acquiring BLM and state leases in Lea County and for a broader perspective on the potential for more data centers in the Permian Basin.

    Answer

    Executives Jason Long and Scott McNeely clarified that the primary value in New Mexico acquisitions is the fee surface, with government leases being an incidental part of the land package. Jason Long expressed increased bullishness on Permian data centers, noting that hyperscalers are growing more comfortable with remote locations and that LandBridge's access to surface, power, and gas provides a significant competitive advantage.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Vital Energy Inc (VTLE) leadership

    Derrick Whitfield's questions to Vital Energy Inc (VTLE) leadership • Q2 2025

    Question

    Derrick Whitfield inquired about Vital Energy's production trajectory into 2026, considering the capital efficiency gains expected in the second half of 2025. He also asked for details on the assumptions behind the LOE projections and other cost-saving initiatives not yet reflected in guidance.

    Answer

    Katie Hill, SVP & COO, explained that cost reductions from improved casing design, fluid management, and larger well packages in H2 2025 will provide strong momentum into 2026. She noted that expiring service contracts offer further opportunities. For LOE, Hill detailed that savings stem from shifting to high-line power, optimizing chemical use, and consolidating routes, with future reductions expected from converting wells to more efficient gas lift systems.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Vital Energy Inc (VTLE) leadership • Q1 2025

    Question

    Derrick Whitfield asked about the company's forward-looking maintenance capital requirements, considering recent D&C efficiencies and the roll-off of higher-priced service contracts. He also requested details on successful lease operating expense (LOE) reduction initiatives and areas for further improvement.

    Answer

    CEO Mikell Pigott stated the goal is flat year-over-year production and positive free cash flow in 2026. He noted service contracts expiring by March 2026 could yield significant savings, potentially lowering the corporate breakeven from $57/bbl toward $50/bbl. COO Katie Hill added that Q1 LOE was $103 million, reflecting a run rate closer to $110 million after a prior-period adjustment, and detailed successes in reducing failure rates and fixed costs.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Chord Energy Corp (CHRD) leadership

    Derrick Whitfield's questions to Chord Energy Corp (CHRD) leadership • Q2 2025

    Question

    Derrick Whitfield from Texas Capital asked about the potential for lowering corporate-level breakeven costs, driven by four-mile laterals and other cost initiatives. He also inquired about the materiality of cost savings from AI and machine learning and which applications are the biggest needle-movers.

    Answer

    CEO Daniel Brown estimated that shifting 50% of inventory to four-mile laterals could improve breakevens by approximately $5 per barrel, which is amplified by other cost-saving initiatives. Regarding AI, Brown stated it's still early but highlighted numerous organic projects underway. He emphasized that empowering employees with data analytics is permeating every aspect of the business, driving efficiency and improving capital allocation.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Chord Energy Corp (CHRD) leadership • Q1 2025

    Question

    Derrick Whitfield of Texas Capital inquired about the maintenance capital required to sustain production in 2026 and the potential materiality of cost-saving opportunities from lease operating expenses (LOE) and marketing contracts.

    Answer

    CEO Daniel Brown stated that a single frac crew program would likely result in a one-third reduction in operated activity and associated capital in 2026, which would not sustain the current production rate. Both Brown and COO Darrin Henke emphasized significant opportunities to lower cash costs by renegotiating expiring marketing contracts and leveraging scale to improve LOE efficiency and well run times.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Chord Energy Corp (CHRD) leadership • Q4 2024

    Question

    Derrick Whitfield asked for details on 3-mile laterals, specifically when their production curves per foot converge with 2-mile wells and if cycle times are improving. He also inquired about the first 4-mile lateral, asking about any operational challenges and the expected cost-benefit versus 3-mile wells.

    Answer

    CEO Daniel Brown stated that 3-mile well production curves per foot start to converge with 2-mile wells after about six months and are fully converged within a year. COO Darrin Henke added that the first 4-mile well has gone "without a hitch," setting a basin record for spud to rig release time. Henke expects a similar economic uplift moving from 3-mile to 4-mile wells as was seen moving from 2-mile to 3-mile wells.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to NGL Energy Partners LP (NGL) leadership

    Derrick Whitfield's questions to NGL Energy Partners LP (NGL) leadership • Q1 2026

    Question

    Derrick Whitfield asked for clarification on the quarter's produced water volumes, which appeared lighter than expected, and also sought management's perspective on the acquisition of Arris by Western Midstream Partners.

    Answer

    Doug White, EVP of Water Solutions, clarified that water volumes were close to internal expectations and slightly above their budget, with some recycling jobs expected to boost takeaway volumes in the next quarter. H. Michael Krimbill, CEO & Director, added that reported volumes do not include all MVC deficiency volumes that will be recognized later. Regarding the Arris deal, Krimbill stated NGL would not have paid such a premium and highlighted NGL's different model, which is not focused on recycling. White viewed the consolidation as a positive for the industry, leading to greater efficiency and less duplicative capital spending.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to NGL Energy Partners LP (NGL) leadership • Q4 2025

    Question

    Derrick Whitfield of Texas Capital inquired about NGL's fiscal 2026 guidance, the macro environment for the water business, and the impact of new regulatory guidelines for Permian water disposal.

    Answer

    EVP & CFO Brad Cooper clarified that the FY26 guidance accounts for a $20 million headwind from lower crude prices and nearly $10 million from recent asset sales. EVP of Water Solutions Doug White addressed the macro questions, stating that NGL is well-positioned with its existing contracts and permits. He expressed skepticism that announced competitor pipelines would proceed quickly given market uncertainty and noted that new Texas Railroad Commission guidelines do not impact NGL's operations due to its portfolio of legacy permits.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to NGL Energy Partners LP (NGL) leadership • Q3 2025

    Question

    Derrick Whitfield of Texas Capital inquired about the future EBITDA of the remaining Liquids Logistics assets, the growth path for the Grand Mesa pipeline to its 100,000 bpd target, and whether the recent dip in water logistics volumes was due to seasonality.

    Answer

    Executive Brad Cooper estimated the divested businesses represented 15-20% of historical segment EBITDA. CEO H. Krimbill deferred specific guidance on crude oil growth until fiscal '26 but noted a 50% volume increase could imply a similar EBITDA lift. Regarding water volumes, Brad Cooper and Executive Douglas White attributed the Q3 slowdown to increased customer recycling and a return to a typical holiday slowdown, noting volumes were already recovering.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Coterra Energy Inc (CTRA) leadership

    Derrick Whitfield's questions to Coterra Energy Inc (CTRA) leadership • Q2 2025

    Question

    Derrick Whitfield of Texas Capital asked about the drivers of Coterra's success in securing power sales agreements in the Permian. He also inquired about the potential for further cost compression in the Anadarko basin, its highest-cost asset, through greater capital allocation or longer wells.

    Answer

    EVP of Operations Blake Sirgo attributed the power deal success to 'a lot of really hard work,' finding a good partner, and structuring a differentiated deal not tied to local gas prices. CEO Thomas Jorden added that Coterra's investment-grade balance sheet is critical. On Anadarko costs, EVP Michael Deshazer noted that while lateral extensions will help, the lack of a consistent frac crew, unlike in the Permian, is a key factor limiting further cost reductions at current scale.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Coterra Energy Inc (CTRA) leadership • Q1 2025

    Question

    Derrick Whitfield from Texas Capital asked if a persistently low oil-to-gas price ratio would alter development plans within the Delaware Basin over the three-year forecast. He also inquired about the oil price level that would act as a tipping point for further activity reductions.

    Answer

    Chairman, CEO and President Thomas Jorden stated that the current strip price would not significantly change capital allocation within the Permian's different areas. He also indicated that a price below $50 per barrel would be a tipping point where the company would seriously re-evaluate its oil activity levels.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Coterra Energy Inc (CTRA) leadership • Q4 2024

    Question

    Derrick Whitfield asked if both the Anadarko and Marcellus basins could return to growth over the next three years given a constructive gas market, and sought more detail on downstream partnership conversations for data centers.

    Answer

    Chairman, CEO and President Thomas Jorden expressed hope for growth, emphasizing that capital allocation is driven by competition for the best returns. SVP of Operations Blake Sirgo added that growth would be a result of returns, not a target itself. Sirgo also noted that while Permian gas is attracting the most interest for data centers, the commercial models are still developing.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Viper Energy Inc (VNOM) leadership

    Derrick Whitfield's questions to Viper Energy Inc (VNOM) leadership • Q2 2025

    Question

    Derrick Whitfield asked for management's view on why Viper's stock has underperformed since the Sitio acquisition announcement and what aspects of the deal investors might be underappreciating, including potential synergies from Sitio's royalty underpayment identification systems.

    Answer

    CEO Kaes Van’t Hof suggested the market misunderstands the combined company's scale and the growth visibility provided by Diamondback. He expressed confidence that execution will prove the deal's value over time. He also praised Sitio's back-office automation for royalty tracking, noting excitement about integrating this technology to enhance revenue collection.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Viper Energy Inc (VNOM) leadership • Q1 2025

    Question

    Derrick Whitfield from Texas Capital asked about Viper's potential exposure to a 10% industry activity reduction and sought clarity on quarter-over-quarter changes in work-in-progress and line-of-sight wells, including recent acquisitions.

    Answer

    CEO Kaes Van't Hof noted that the immediate impact on Viper is minimal as high-interest projects are prioritized, though a prolonged downturn would have an effect. President Austen Gilfillian added that overall activity is increasing, driven by both Diamondback and key third-party operators like Exxon, EOG, and Occidental.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Viper Energy Inc (VNOM) leadership • Q4 2024

    Question

    Derrick Whitfield inquired about the economic competitiveness of deeper intervals versus traditional zones and any related leasing tailwinds. He also asked about the opportunity for surface ownership in the Midland Basin, particularly for water sourcing and royalties.

    Answer

    CEO Kaes Van’t Hof stated that deeper intervals are expected to become competitive with core development in the next 2-3 years. Outgoing CEO Travis Stice added that deep rights leasing provides a 'slight tailwind'. Regarding surface rights, Travis Stice reiterated that the core strategy is to own the best rock and let activity come to them, rather than bundling surface/water assets.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Diamondback Energy Inc (FANG) leadership

    Derrick Whitfield's questions to Diamondback Energy Inc (FANG) leadership • Q2 2025

    Question

    Derrick Whitfield of Texas Capital asked about the industry response to Diamondback's cautious Q1 commentary and sought details on the performance differences between their record-setting fast wells and the average.

    Answer

    CEO Kaes Van't Hof stated that most of the industry and investors were supportive of their Q1 macro view, and the subsequent drop in rig count proved their assessment correct. COO Danny Wesson explained that their record four-day wells are in the top decile of performance, and the key to improving the average is consistency and eliminating issues like extra trips, which they are optimizing through data analysis.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Diamondback Energy Inc (FANG) leadership • Q1 2025

    Question

    Derrick Whitfield asked for the specific oil price that would serve as the next 'tipping point' to further reduce activity and how much non-D&C capital could be removed in a prolonged downturn.

    Answer

    President Kaes Van’t Hof provided a 'traffic light' analogy: oil prices with a '4' handle are a red light (cut more), a '5' handle is yellow, and mid-to-high $60s to $70 is green (accelerate). He also mentioned that after an initial $50 million cut to the non-D&C budget, another $50-60 million could potentially be removed if needed.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Comstock Resources Inc (CRK) leadership

    Derrick Whitfield's questions to Comstock Resources Inc (CRK) leadership • Q2 2025

    Question

    Derrick Whitfield from Texas Capital sought clarification that the increased capital allocation to the legacy Haynesville does not signal a change in the perceived value of the Western Haynesville. He also inquired about the rationale for testing restricted choke management.

    Answer

    CEO M. Jay Allison and President/CFO Roland Burns emphatically stated the legacy rig addition is not due to any doubts about the Western Haynesville. It is to stabilize legacy production, leverage lower service costs, and accelerate high-return Horseshoe wells within budget. COO Daniel Harrison explained that testing restricted chokes is based on observations that a more conservative drawdown in the deep, high-pressure environment is expected to improve long-term EURs.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Comstock Resources Inc (CRK) leadership • Q1 2025

    Question

    Derrick Whitfield asked about the reservoir quality of the new Olajuwon well compared to southern wells and how much of the Western Haynesville position has now been delineated. He also inquired about the structure and strategic value of the BKV carbon capture partnership.

    Answer

    COO Daniel Harrison stated the Olajuwon's reservoir quality is "every bit as good" as the core area and greatly derisks a substantial portion of the northeast acreage. CEO Miles Allison added that the well was deepened to test the Haynesville, which showed "exemplary" rock quality. Regarding the BKV partnership, President and CFO Roland Burns explained the aim is to create a low-carbon footprint asset ideal for power generation and data centers, with BKV leading the development. Allison noted BKV's proven track record and the potential for zero-emission gas to be more attractive for exports.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Bunge Global SA (BG) leadership

    Derrick Whitfield's questions to Bunge Global SA (BG) leadership • Q2 2025

    Question

    Derrick Whitfield from Texas Capital inquired about the interplay between soybean oil and other seed oils for food use in the U.S. and asked about the materiality of the ILUC removal in the 45Z policy.

    Answer

    CEO Greg Heckman explained that Bunge is well-positioned to offer a full suite of oils as food customers may switch based on price and functionality. CFO John Neppl described the removal of the indirect land use charge (ILUC) as significant, making soybean and canola oil more competitive with lower carbon-intensity feedstocks. He also noted bonus depreciation is a helpful tailwind.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Bunge Global SA (BG) leadership • Q1 2025

    Question

    Derrick Whitfield inquired about the potential feedstock mix for the Repsol biorefinery and the outlook for a favorable assessment of certain seed oils under the 45Z tax credit.

    Answer

    CEO Greg Heckman explained it's too early for a specific feedstock mix, as the strategy is to provide Repsol with optionality across various low-carbon feedstocks, with economics ultimately driving the choice, as CFO John Neppl noted. Regarding 45Z, Heckman stated that Bunge is optimistic and actively engaged in advocating for policies beneficial to farmers and the value chain.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Bunge Global SA (BG) leadership • Q4 2024

    Question

    Derrick Whitfield asked for an outlook on where the collapsed spread between refined and crude soybean oil might stabilize and questioned the rationale behind canola's higher carbon intensity score compared to soybean oil.

    Answer

    CEO Gregory Heckman noted the margin shift from refined to crude oil was expected as renewable diesel capacity grew, and highlighted Bunge's resilient specialty oils portfolio. CFO John Neppl added that soft demand from the energy sector represents future upside. Regarding carbon scores, Neppl distinguished between spring canola (assessed in the policy) and winter canola, expressing hope the latter will be reviewed and treated differently.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Sitio Royalties Corp (STR) leadership

    Derrick Whitfield's questions to Sitio Royalties Corp (STR) leadership • Q1 2025

    Question

    Derrick Whitfield inquired about Sitio's production trajectory for the next two quarters, the comparative value of share repurchases versus M&A, and whether the company is observing any changes in well productivity relative to its underwriting assumptions, referencing a less constructive outlook from Diamondback.

    Answer

    CEO Christopher Conoscenti expressed confidence in the near-term production outlook, noting it's underpinned by already spud wells. He highlighted the compelling value of share repurchases as a unique, long-term call option on commodities with a current yield, while also noting the M&A market remains active. Regarding well productivity, Mr. Conoscenti and executive Jarret Marcoux stated that their forecasts are based on achieved results and current geologic facts, not future improvements, and cautioned against underestimating the innovation of U.S. E&P companies.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Sitio Royalties Corp (STR) leadership • Q4 2024

    Question

    Derrick Whitfield from Texas Capital sought clarity on the 2025 production guidance, questioning the trajectory given line-of-sight activity, and asked about potential outsized Q4 contributions. He also explored how the natural gas outlook and Sitio's AI-driven asset management system might influence future M&A strategy, particularly regarding diversified asset packages.

    Answer

    CEO Christopher Conoscenti clarified that missing revenue recovery adds to cash but not incremental revenue, as it's already accrued. He stated that 2025 production growth is primarily from the Permian and DJ Basins. Executive Jarret Marcoux added details on asset concentration in the Texas Delaware Basin. Conoscenti explained that their proprietary systems provide an advantage of scale, not necessarily geographic diversification. He also noted the favorable long-term macro tailwinds for natural gas. Marcoux highlighted that the AI tools enhance post-acquisition value by recovering previously missed revenue, improving the return on all deals.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Kodiak Gas Services Inc (KGS) leadership

    Derrick Whitfield's questions to Kodiak Gas Services Inc (KGS) leadership • Q1 2025

    Question

    Derrick Whitfield of Texas Capital asked how customer behavior has evolved in the current environment compared to prior industry down cycles. He also questioned at what point the industry might lose pricing power amid a potential Permian slowdown.

    Answer

    CEO Mickey McKee explained that today's customer base is more consolidated with stronger balance sheets, making them more resilient. He emphasized that the compression industry has never been more highly utilized, which protects against pricing pressure from 'bad actors.' CFO John Griggs added that large horsepower utilization is near 99%, creating a significant buffer before any meaningful pricing weakness would occur.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Aris Water Solutions Inc (ARIS) leadership

    Derrick Whitfield's questions to Aris Water Solutions Inc (ARIS) leadership • Q1 2025

    Question

    Derrick Whitfield from Texas Capital inquired if the cost for desalination could be brought under $1 per barrel and asked which minerals beyond iodine appear most promising for future extraction.

    Answer

    President and CEO Amanda Brock confirmed that achieving an OpEx below $1 per barrel for desalination is a goal and is possible. Regarding other minerals, she cautiously mentioned lithium, noting price volatility, and identified magnesium as another attractive possibility that the company is looking at, suggesting it would be the next focus after iodine.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Aris Water Solutions Inc (ARIS) leadership • Q4 2024

    Question

    Derrick Whitfield asked about the commercial strategy for attracting non-disposal activities to the McNeill Ranch and questioned the cost and ramp-up plan for the beneficial reuse desalination project.

    Answer

    President and CEO Amanda Brock noted that interest in the ranch for activities like solar and power has been inbound due to its strategic location and infrastructure, and the company is now allocating resources to manage these opportunities. For beneficial reuse, she stated that significant progress has been made on cost-effective desalination technology and that the project will be modular, allowing for a phased ramp-up with partners.

    Ask Fintool Equity Research AI

    Derrick Whitfield's questions to Permian Resources Corp (PR) leadership

    Derrick Whitfield's questions to Permian Resources Corp (PR) leadership • Q4 2024

    Question

    Derrick Whitfield of Texas Capital inquired about the potential for the company's grassroots leasing program to consistently add acreage and reduce the need for larger M&A. He also asked for the company's perspective on a capital efficiency metric concerning the oil price needed in 2025 to match 2024's free cash flow.

    Answer

    Co-CEO William Hickey stated that a sustainable base case for the grassroots program is likely 4,000-6,000 acres per year, making 10,000 acres a high-end target. Executive Hays Mabry addressed capital efficiency, stating that due to significant operational improvements, the company could generate the same absolute free cash flow as 2024 at a much lower oil price, around $63 per barrel compared to last year's $75.

    Ask Fintool Equity Research AI