Revenue Performance: Revenue for QQ1 2025 was $2.636 billion, a 35.11% rise from the same quarter last year, although it decreased by 2.80% sequentially. This reflects the ongoing recovery in oil prices and improved sales volumes.
Profitability: Gross profit increased slightly by 0.32% Year-over-Year (YoY) to $939 million, yet fell by 14.56% quarter-over-quarter (QoQ). The operating income saw a significant YoY growth of 25.12%, resulting in an operating income margin of 29.1%. In contrast, net income soared by 162.88% YoY to $347 million, but decreased by 1.98% QoQ. The EBITDAR ratio stood strong at 56.64%, reinforcing the effectiveness of cost management strategies in place.
Balance Sheet Health: Total assets are reported at $18.531 billion, with total liabilities of $12.068 billion, resulting in a manageable debt-to-equity ratio of 1.010. The current ratio of 0.885 indicates some liquidity constraints, but cash flow metrics suggest adequate operational liquidity.
Cash Flow: Operating cash flow was robust at $1.096 billion, while free cash flow stood at $306 million, affirming solid cash generation capabilities amidst capital expenditures of $790 million for the quarter.