
In today’s briefing:
- [ETP 2025/13] WTI Climbs on Trade Disruptions, Moderate Weather Forecasts Cap Henry Hub
- Gevo, Inc: 4Q24 Results
- LYB US: Circular Plastics Initiative As a Significant Factor to Influence Future Performance!
- Packaging Corporation of America: An Insight Into Its Market Adaptability
- SKYQ: Co-Founder on How to Profit from Recycling Waste Asphalt Shingles into Fuel
- Valaris Limited: Can It Capitalize On Offshore Expansion Opportunities?
- Amaroq Minerals — Amaroq ‘n’ roll
- Valero Energy Corporation’s Biofuel Strategy Is Turning Waste Into Gold—Can It Outrun Regulatory Shocks?

[ETP 2025/13] WTI Climbs on Trade Disruptions, Moderate Weather Forecasts Cap Henry Hub
- For the week ending 21/Mar, U.S. crude inventories fell by 3.3m barrels (vs. expectations of 1.5m build), gasoline and distillate stockpiles fell less than expected.
- US natural gas inventories rose by 37 Bcf for the week ending 21/Mar, in line with analyst expectations. Inventories are 6.5% below the 5-year seasonal average.
- Shell to boost shareholder distributions to 40-50% of CFFO and cut costs by USD 5-7 billion by 2028. Exxon plans 250 layoffs in the UK by 2026.
Gevo, Inc: 4Q24 Results
- During the 2024 annual results briefing yesterday, Gevo management remained highly focused on the company’s strategy to: (1) develop and commercialize technologies to convert ethanol and other alcohols into hydrocarbon fuels and chemicals, including SAF and RNG
- (2) establishing the carbon value of products by tracking and verifying sustainability attributes with Gevo’s Verity software
- (3) monetizing the carbon abatement benefits of the company’s fuels and chemicals,
LYB US: Circular Plastics Initiative As a Significant Factor to Influence Future Performance!
- LyondellBasell Industries N.V. showcased resilience in its financial performance over the challenging 2024 fiscal year, navigating a difficult macroeconomic environment.
- The company’s full-year earnings per share stood at $6.40, with an EBITDA of $4.3 billion.
- Despite facing significant industry headwinds, including sluggish global growth, high energy costs, and regulatory impacts, LyondellBasell successfully generated $3.8 billion in cash from operations, demonstrating a strong 90% cash conversion ratio.
Packaging Corporation of America: An Insight Into Its Market Adaptability
- Packaging Corporation of America (PCA) demonstrated strong performance in their fourth quarter and throughout 2024.
- The earnings call highlighted both positive accomplishments and challenges faced by the company.
- PCA reported a notable increase in net income for the fourth quarter of 2024, amounting to $221 million, or $2.45 per share, compared to $192 million, or $2.13 per share, in the previous year.
SKYQ: Co-Founder on How to Profit from Recycling Waste Asphalt Shingles into Fuel
- On the latest WTR Small-Cap Spotlight, we were joined by Marcus Laun, Co-Founder and VP Executive of Sky Quarry (SKYQ), and our host, Tim Gerdeman, Vice-Chair & Co-Founder, and Chief Marketing Officer at WTR.
- SKYQ is an integrated energy solutions company created to address the environmental issues caused by the landfill disposal of waste asphalt roofing shingles.
- According to SKYQ, millions of tons of waste asphalt shingle are generated annually in the US, which, if recycled, would equate to the recovery of 20-22 million barrels of oil and 9-11 million tons of valuable materials, and for a market valued at up to $4.4 billion.
Valaris Limited: Can It Capitalize On Offshore Expansion Opportunities?
- Valaris plc reported its fourth quarter 2024 results, presenting a mixed performance.
- While the company demonstrated strong operational execution and safety achievements, there were some financial challenges and strategic decisions that could impact future performance.
- On the positive side, Valaris continued its track record of high operational efficiency, achieving fleet-wide revenue efficiency of 96% for the quarter and 97% for the entire year.
Amaroq Minerals — Amaroq ‘n’ roll
Amaroq’s results to December 2024 were essentially just a pro-rata extrapolation of its earlier, nine-month results to September. More important was the fact that Nalunaq poured its first gold (39oz – although this was evidently not sold during the quarter) and that, post period end, it recorded a 51% increase in its mineral resource estimate (including a maiden contribution in the indicated category). The company will spend the remainder of FY25 ramping up to full capacity of 300tpd by Q425 and will update the market on progress on 14 May. Once achieved, it will look to further increase throughput from FY26 to 450tpd.
Valero Energy Corporation’s Biofuel Strategy Is Turning Waste Into Gold—Can It Outrun Regulatory Shocks?
- Valero Energy Corporation’s fourth quarter of 2024 performance reflects a mix of operational achievements and financial challenges.
- The company reported a significant decrease in net income attributable to stockholders, down to $281 million ($0.88 per share) from $1.2 billion ($3.55 per share) in the same period of the previous year.
- Adjusted net income also fell to $207 million ($0.64 per share) from $1.2 billion ($3.57 per share), indicating a challenging financial landscape amidst a weaker margin environment.