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    Tarek Hamid

    Research Analyst at JPMorgan Chase & Co.

    Tarek Hamid is the Head of North American High Yield Research at J.P. Morgan, specializing in the analysis of high yield credit with an extensive focus on sectors such as Energy, Power & Utilities, Chemicals, and Paper & Packaging. He covers major companies including New Fortress Energy, Talos Energy, and others, and has been consistently recognized for his research performance, ranking in the top three by Institutional Investor 22 times and earning the number one ranking in Energy in 2019. Tarek’s career at J.P. Morgan is marked by leadership of the firm’s high yield research team, which has maintained the number one ranking in North America for over a decade; prior to this, he completed an MBA at NYU Stern and an AB with honors from Harvard College. He holds advanced credentials in financial research and is highly regarded across the industry for his expertise and results.

    Tarek Hamid's questions to New Fortress Energy (NFE) leadership

    Tarek Hamid's questions to New Fortress Energy (NFE) leadership • Q1 2025

    Question

    Tarek Hamid asked for clarification on the company's liquidity picture, specifically regarding the gross CapEx needs for the remainder of the year. He also inquired if certain covenant language on the term loan B and other notes would apply given the company's capital spending.

    Answer

    CFO Christopher Guinta clarified that remaining CapEx for the Brazil projects is fully funded by restricted cash. The only other significant spend is for Nicaragua ($50-60M) and FLNG 2, for which spending will be paced and disciplined to solve near-term maturities first. He also stated that the company would use cash on the balance sheet and from operations, not asset sale proceeds, to pay off other debt instruments.

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    Tarek Hamid's questions to New Fortress Energy (NFE) leadership • Q2 2024

    Question

    Tarek Hamid asked about the expected capital intensity of the new 'Conde' data center power business and the strategy for financing it. He also requested an update on the company's plans and timing for addressing its 2025 and 2026 senior notes.

    Answer

    Chairman and CEO Wesley Edens explained that the Conde business is expected to have very low capital intensity, as long-term offtake contracts with high-credit tenants will allow for highly efficient, low-cost financing. Regarding the debt, executive Andrew Dete confirmed the company has a commitment to backstop the 2025 notes refinancing and intends to address it in the 'very near term' to extend the maturity.

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    Tarek Hamid's questions to TALOS ENERGY (TALO) leadership

    Tarek Hamid's questions to TALOS ENERGY (TALO) leadership • Q1 2025

    Question

    Devin, on behalf of Tarek Hamid, asked for quantification of the hurricane-related downtime built into production guidance and the potential upside if the season is modest.

    Answer

    EVP and CFO Sergio Maiworm explained that the weather disruption bucket is based on a conservative view of historical averages and declined to speculate on potential upside, noting the season hasn't started and downside risk also exists. President and CEO Paul Goodfellow added that significant planned maintenance at facilities like Katmai, Pompano, Prince, and Brutus is also factored into the guidance.

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    Tarek Hamid's questions to Crescent Energy (CRGY) leadership

    Tarek Hamid's questions to Crescent Energy (CRGY) leadership • Q3 2024

    Question

    An analyst on behalf of Tarek Hamid asked how Crescent thinks about capital allocation between the Eagle Ford and Uinta basins in the current environment.

    Answer

    An executive, Clay, responded that they are excited about the scale and execution in the Eagle Ford while also seeing great resource potential in the Uinta. He indicated they will remain prudent with capital in the Uinta, using creative tools like JVs for delineation, suggesting 'more of the same' and no significant change to their established allocation strategy.

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