Apollo Global Management, Inc.’s Post

LandBridge Raises $246.5 Million in IPO - LandBridge, backed by Five Point Energy, has successfully raised $246.5 million in its initial public offering, although the shares were priced below the marketed range at $17 each, signaling cautious investor sentiment. This pricing gives the company a market valuation of approximately $1.2 billion based on the outstanding shares listed with the SEC. - LandBridge’s significant asset base includes approximately 220,000 surface acres in the Delaware sub-basin of the Permian Basin, the largest oil-producing region in the United States. The company's revenue streams are diversified across surface use royalties, oil and gas royalties, and sales of brackish water. This diversified revenue model positions LandBridge to capitalize on multiple facets of the oil and gas value chain. - In fiscal year 2023, LandBridge demonstrated strong financial performance, with net income of $63.2 million on revenue of $72.9 million, a notable turnaround from a net loss of $6.4 million on $51.8 million in revenue in the previous year. This improvement underscores the company's operational efficiencies and the high-value nature of its asset portfolio. - Post-IPO, Five Point Energy and LandBridge’s management, led by Chairman of the Board David N. Capobianco, will maintain approximately 80% of the voting power, ensuring significant control and alignment with long-term shareholder interests. The proceeds from the IPO will be strategically allocated to repay around $100 million of debt, enhancing the company’s leverage position, and to pay $171.2 million to LandBridge Holdings, providing additional financial flexibility. - The IPO was managed by major financial institutions including Goldman Sachs, Barclays, and Wells Fargo, highlighting the strong institutional support and the credibility of the offering. Trading on the NYSE under the symbol LB, LandBridge is poised to leverage its substantial landholdings and strategic partnerships, particularly with WaterBridge , to drive sustained revenue growth. - The decision to price the IPO below the marketed range reflects the current market dynamics and investor caution, particularly in the energy sector, which is subject to volatility and regulatory scrutiny. However, LandBridge’s robust asset base, strong revenue generation, and significant control by experienced management provide a solid foundation for future growth. #LandBridge #IPO #PermianBasin #OilAndGas #EnergySector #StockMarket #FinancialGrowth #Investment #GoldmanSachs #Barclays #WellsFargo #NYSE

Pantheon Resources Plc (PANR)told investors it has elected to make its quarterly bond payment, including interest, of $2.72 million using equity - through the issue 7.47 million new shares priced at $0.364 each. The company, also, said it has raised $3.36 million of new capital, through a private placing to existing long-term shareholders. It sold 9.23 million new shares, also priced at  $0.364 per share. Proceeds from the share sale will provide additional working capital, and, increase its flexibility in advancing its funding discussions. It comes as the company is making arrangements for field development funding, following its announced gas sales precedent agreement announced earlier this month and opens potential routes for longer-term funding. Pantheon noted that it would be seeking $60 and $85 million in due course, to cover the costs necessary to complete an Environmental Impact Statement,... More at #Proactive #ProactiveInvestors http://ow.ly/PXL5105wK9K

We continue our long series of successful #infrastructure funds of funds and announce the first closing of our flagship infrastructure fund of funds, Golding Infrastructure 2022. The fifth-generation fund again met with great interest from #investors and held its first close in December 2023 with capital commitments of €360 million in a demanding environment. 💬 “As we have seen in recent years, secondaries and co-investments are a sensible addition to the portfolio of a broadly diversified infrastructure fund of funds. They have a positive impact on cash flow and overall performance. At the same time, we are currently seeing record deal flows for both secondary transactions and co-investments. This will benefit Golding Infrastructure 2022 too. We already have several attractive opportunities in the pipeline for the ongoing portfolio construction”, says Dr Thilo Tecklenburg, Partner and Co-Head Infrastructure at Golding. Find out more here ➡ https://lnkd.in/dKbNwy5n #privatemarkets #alternativeinvestments

💰 Woodside's Q1 Earnings Reflect Strategic Growth Amidst Challenges Woodside reports a strategic quarter with a mix of challenges and progress in major projects, including a dip in production and revenue but significant advancements in global energy projects. Read more www.mywealthai.com.au © XTF Pty Ltd 2024 www.MyWealthAI.com.au These insights are generated by Al based upon Announcements released by the company to ASX under their continuous disclosure regulations. We cannot guarantee the accuracy of this information, nor does MyWealthAI consider your personal financial needs, objectives or situation. #globalenergy #asx #q1earnings #smsf #woodside

Done deal! As a first-time issuer you will always be uncertain as to how the market will react. With great guidance and support from our advisors, we have successfully placed $ 300 million in bonds on good terms. You can get a lot of good feedback through non-deal meetings and in various discussions but getting it through a transaction like this is worth so much more. This is a true validation that our story and business model is solid and strong! Now, onto the next chapter of the Shearwater-story. More to explore!

Great to get a mention of EnergyPathways in The Times again today (two days in a row!). Although, we are raising a minimum of £2 million not £2 billion! 😁 Extract (last paragraph of article): "The London market was given a rare boost this week when an energy minnow announced plans to list on Aim. EnergyPathways, which is seeking to develop a gas field in the Irish Sea, has announced its intention to float to raise at least £2 billion. The number of flotations on Aim has fallen to the lowest level in 20 years. Only about ten new companies went to the junior stock market to raise investment." https://lnkd.in/eT3gXCux #gas #energytransition #netzero #energysecurity #ipo Ben Clube Ben Hodges Graeme Marks Mark Steeves Horácio Carvalho Stephen West

🚀 **Big Moves in the Energy Sector!** 🚀 Crescent Energy just made headlines with its $2.1 billion acquisition of SilverBow Resources, creating a powerhouse in the Eagle Ford! 🛢️💥 Crescent CEO David Rockecharlie said, "This combo with SilverBow, expected to boost all key metrics, solidifies us as a leading Eagle Ford operator." 🌟 What does this mean?  - 🌍 Crescent becomes the second-largest operator in the Eagle Ford. - 💸 Focus on free cash flow and disciplined capital allocation. - 💪 Significant cost savings and efficiencies, with estimated annual synergies of $65-$100 million. - 📈 A balanced portfolio with high-quality, long-life assets, geared for sustainable growth. SilverBow shareholders will get 3.125 shares of Crescent Class A stock per SilverBow share or can opt for cash at $38 per share (up to $400 million). 💰 John Goff, Crescent's Chairman, said, "This is a compelling transaction for both companies' shareholders, positioning Crescent as a leading growth business." 🏆 Sean Woolverton, SilverBow's CEO, added, "This marks an exciting chapter for SilverBow, offering our shareholders an attractive premium and significant value creation." 🚀 The deal has unanimous board approval and is expected to close by the end of Q3 2024. Crescent’s board will expand to include two SilverBow directors, with John Goff as Non-Executive Chairman and David Rockecharlie as CEO. The HQ stays in Houston. 🌆 Exciting times ahead! 🎉 #Energy #Acquisition #EagleFord #CrescentEnergy #SilverBowResources #OilAndGas #Innovation #Growth

📢2023 Year end results are here: ➡️Record average net production 821 MMcfepd ➡️Total revenue growth to $1 billion ➡️Accretive acquisition with meaningful cost efficiencies  ➡️Achieved 2030 Scope 1 methane intensity goal (-50% from 2020) six years ahead of schedule   Looking ahead: We're launching a “Focus Five” approach to unlock further growth. Read more ⤵️

Salt River Project's Kevin Nielsen shares how Copperleaf has helped #SRP transform its capital planning process, make more transparent, objective, and informed decisions, and deliver the most value for every dollar spent. Read the full case study: https://lnkd.in/gf5nwP-5 #clientsuccess #clientsuccessstory #assetmanagement #decisionmaking #utilities #powergeneration #value

🤝 𝗪𝗲𝗲𝗸𝗹𝘆 𝗪𝗿𝗮𝗽 𝗼𝗳 𝗠&𝗔 𝗱𝗲𝗮𝗹𝘀 🤝 Mineral Resources Limited sold a 49% stake in its Onslow Iron project's haul road to Morgan Stanley for $1.3b. ERM acquired Energetics, a leading provider of climate risk and energy transition advice. Sonic Healthcare is eyeing Healius Limited's diagnostic imaging business which could be up for grabs for $800m. Australian clothing brand Assembly Label is up for sale. Generation Development Group will acquire the remaining shares of investment research and consultancy Lonsec for $197.4m. DIF Capital Partners is auctioning off $1b in Australian solar and wind assets. APM recommended its shareholders accept a $1.3b takeover offer from its largest shareholder, Madison Dearborn Partners, LLC. Crescent Capital Partners is in advanced talks to buy Quantum Radiology Radiology from The Growth Fund for $200m. Regal Partners is buying Merricks Capital for $235m. Get a full round-up of the day’s deals in your inbox each morning — sign up at letterofintent.com.au