This Isn’t Rare. It’s Just Overlooked. Let’s Do Better for Kids with Prenatal Substance Exposure

By Mary Kirchoff, CEO of Wonderland Child & Family Services / Hope Rising Clinic

BOTHELL, Wash., July 30, 2025 /PRNewswire/ — A recent article highlighted a child navigating life with Fetal Alcohol Spectrum Disorder (FASD), and like so many stories, it was framed as something rare or unusual. But the truth is—it’s not.

In fact, it’s not even close to rare.

Right here in Washington State, over 165,000 children are estimated to be living with the effects of Fetal Alcohol Spectrum Disorders (FASD) or Prenatal Substance Exposure (PSE). PSE refers to the exposure of a developing fetus to alcohol or other substances during pregnancy, a reality that cuts across all socioeconomic lines, affecting families in every corner of our communities.  PSE is statistically four times more prevalent than and often misdiagnosed as autism.

These are not isolated cases. These are students in our schools, children in our neighborhoods, and caregivers doing everything they can to find answers and support.

Diagnoses related to FASD are often delayed or missed entirely, sometimes not formally recognized until adolescence or adulthood. And while there is no cure for this brain-based disability, what we do know is that early intervention changes outcomes. With the right support, children impacted by PSE can build strong relationships, develop skills, and thrive alongside their peers.

We have to start by changing the conversation.

In a world where stigma, shame, and blame still shape much of the media coverage around PSE, we must center our focus not on why it happened, but on what children and families need now. At Hope Rising Clinic, a division of Wonderland Child & Family Services, we know deeply that the cause of a child’s disability is secondary to their right to compassionate care, critical services, and long-term support.

Sensationalizing someone’s diagnosis does not create change. What does? Recognizing that PSEs are brain-based disabilities that, like so many others, deserve appropriate education, funding, and system-wide support to positively change the lives of those affected.

Every day, we work with children who have experienced PSE and families navigating complex and often siloed systems of care. What they need is understanding—not judgment. Connection—not confusion. What they deserve is a coordinated system of support that sees the whole child, not just the diagnosis.

It is our responsibility—as a community, as a state, and as a society—to provide that.

PSE isn’t rare. It’s a very real “silent” epidemic. And it’s growing in a post-pandemic, cuts-to-Medicaid world

We urge funders, policymakers, health systems, and community leaders to step forward—to invest in early identification, fund trauma-informed care, train professionals across sectors, and listen to families who are too often overlooked.

These children are not problems to be solved. They are full of possibilities. And we owe it to them—and to each other—to do better.

Hope RISING Clinic  
Hope RISING Clinic, founded in 2019 by Wonderland Child & Family Services, provides specialized care for children and families affected by prenatal substance exposure. Through a comprehensive, trauma-informed service model, the clinic addresses the developmental, emotional, and behavioral needs of children impacted by PSE, while offering family-focused support programs to ensure lasting positive outcomes. For more information, visit hoperisingclinic.org.

Contact: 
Claire Lee  
Sr. Marketing Specialist 
425-281-5653 
clee@wonderlandkids.org 

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SOURCE Hope Rising Clinic

KIA AMERICA ANNOUNCES 2026 SPORTAGE HEV PRICING

–  2026 Kia Sportage Hybrid has a starting MSRP of $30,2901
–  Standard and X-Line models blend comfort and functionality
–  Styling enhancements further elevate the Sportage Hybrid’s distinctly modern and sleek design
–  Robust suite of advanced driver assistance systems (ADAS)2 include available Highway Drive Assist 2 with Lane Change Assist technology3

IRVINE, Calif., July 30, 2025 /PRNewswire/ — Today, Kia America announced pricing on the 2026 Sportage Hybrid. This year’s Sportage HEV features exterior design enhancements accompanied by upgraded interior technology, providing users with greater functionality across the board.

Trim Levels/Pricing – MSRP
(excludes $1,395 destination)1

Sportage HEV LX

$30,290

Sportage HEV S

$32,590

Sportage HEV EX

$33,590

Sportage HEV X-Line

$35,490

Sportage HEV SX-Prestige

$40,390

The 2026 Sportage HEV provides an updated appearance with modernized front and rear bumper designs, a unique front grill design and eye-catching black trim. Aside from its attractive outer appearance, the Sportage HEV continues to blend dynamism and strength.

A Cabin Aimed at Connectivity, Comfort and Convenience

Accompanying the confident and rugged exterior, the cutting-edge interior boasts an available 12.3-in Digital TFT Cluster + 12.3-in. ccNC Navigation, an available head-up display (HUD)4 and multiple standard USB accessibility points. Sleek accent trim with reduced smudging, ambient lighting design and available SynTex seating creates a premium space with enhanced technology and state-of-the-art comfort.

Available interior technology includes:

  • Connected Car Navigation Cockpit (ccNC): Standard 12.3-in. ccNC Lite + OTA w/ wireless Apple CarPlay5 and Android Auto6
  • Digital Key 2.07: Allows for keyless entry and lets you share your keys virtually with family & friends through the Kia Access app
  • Head-up Display4: 10-in. display projects ADAS, vehicle information, and turn-by-turn directions for navigation

Advanced Driver Assistance Systems2

The 2026 Sportage HEV provides advanced technology to help keep drivers alert when operating the vehicle:

  • Forward Collision Avoidance Assist: Auto Emergency Braking with Pedestrian, Cyclist, and Car Detection uses sensors and camera to scan the road ahead for potential hazards and is designed to automatically apply brakes when a potential collision is detected.
  • Standard Front & Rear Parking Distance Warning: Parking feature that is designed to detect obstacles and pedestrians in front and rear.
  • Hands-On Detection: Using capacitive touch sensor that detects the driver’s hands on the steering wheel, it issues a warning if it’s not detecting the driver’s hands touching the steering wheel.

Additionally, available driver assistance technology can be included in the 2026 Sportage HEV.

  • Forward Collision Avoidance Assist 2: Auto Emergency Braking w/ Pedestrian, Cyclist, and Car Detection uses sensors, camera, and navigation data. Assists w/ braking with oncoming vehicles at intersections and can assist w/ evasive steering when a potential collision is detected.
  • Side Parking Distance Warning: Parking feature that is designed to detect obstacles on both sides.
  • Highway Driving Assist 28: Maintains a predetermined speed and distance from the vehicle detected ahead using sensors, camera and navigation data, assists w/ steering wheel control when changing lanes.

Hybrid Powertrain

The 2026 Sportage HEV powertrain is defined by:

  • 1.6-liter turbo gasoline direct injection (GDI) and 47.7kW motor (revised system)
  • 6-speed automatic transmission
  • Standard FWD and AWD9 in available trims (S, EX, X-Line, X-Line Prestige)
  • 232 horsepower est. (+5 HP over previous model year)
  • 2000 lb. towing capacity10

Kia America – about us

Headquartered in Irvine, California, Kia America continues to top automotive quality surveys. Kia is recognized as one of the TIME World’s Most Sustainable Companies of 2024. Kia serves as the “Official Automotive Partner” of the NBA and WNBA and offers a range of gasoline, hybrid, plug-in hybrid, and electric vehicles sold through a network of nearly 800 dealers in the U.S., including several cars and SUVs proudly assembled in America*. 

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert

* Select trims of the 2025 all-electric EV6 and EV9 all-electric three-row SUV, Sportage (excludes HEV and PHEV models), Sorento (excludes HEV and PHEV models), and Telluride are assembled in the United States from U.S. and globally sourced parts.

1 MSRP excludes destination and handling, taxes, title, license fees, options and retailer charges.  Actual prices set by retailer and may vary.
2 Advanced driver assistance systems are not substitutes for safe driving and may not detect all objects around the vehicle. Always drive safely and use caution.
3 Highway Driving Assist 2 is not a substitute for safe driving, may not detect all objects around the vehicle, and only functions on certain federal highways.  Always drive safely and use caution.
4 Failure to pay attention to travel conditions and vehicle operation could result in loss of vehicle control. Always drive safely and use caution.
5 Apple® and Apple CarPlay® are trademarks of Apple, Inc., registered in the U.S. and other countries. Apple CarPlay® runs on your smartphone cellular data service. Normal data rates may apply.
6 Vehicle user interface is a product of Google and its terms and privacy statements apply. Requires the Android Auto app on Google Play store and an Android compatible.
7 Kia Digital Key 2 Touch requires an eligible Kia Connect subscription and a compatible smart device with an active data plan. Normal cellular service rates may apply when using a smart device.
8 Distracted driving can result in the loss of vehicle control. When operating a vehicle, never use a vehicle system that takes your focus away from safe vehicle operation.
9 No system, no matter how advanced, can compensate for all driver error and/or driving conditions. Always drive safely.
10 Towing required additional equipment. See Owner’s Manual for towing capacity, additional instruction and warning. Always use caution while towing.

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SOURCE Kia America

Mondelēz 2024 Snacking Made Right Report: Climate Change

Our approach to climate change is comprehensive, interconnecting our goals across areas like responsible sourcing, social sustainability, and human rights.

FIND OUT MORE ABOUT OUR:

HIGHLIGHTS

  • Approximately (37)% CO2e emissions reductions across our manufacturing operations in 2024 (vs. 2018) (2)
  • Approximately (12)% GHG emissions reduction across our value chain (vs. 2018) (1)

STRATEGIC APPROACH

At Mondelēz International, we are part of a broad movement across our sector that aims to bring about more sustainable ways of growing and operating business. For us, this involves aiming to reduce our environmental impact while helping to support resilience across our supply chains and the communities our business touches.

Our approach also links our carbon emission-reduction goals, our leadership in sourcing ingredients more responsibly, and our commitment to social sustainability and human rights across our value chain. Every element of our approach reinforces the other. Our ingredient sourcing programs are where most of our carbon emissions reduction work and social sustainability efforts live. So as part of our signature sourcing programs for our key ingredients, such as Cocoa Life for cocoa and Harmony Wheat for wheat, we are working towards supporting more resilient landscapes, communities, and robust human rights to help provide lasting economic, environmental, and social benefits for the communities involved.

We focus on areas where we believe we can make the greatest positive difference for the long term. This is why we focus on limiting our environmental impact by contributing to climate change mitigation, across key focus areas within our operations and supply chain. Similarly, we work to identify and manage climate change-related risks which helps us to shape our adaptation strategies as we seek to reduce the impact of climate change both on our organization and on the communities we touch.

CLIMATE RISK MITIGATION -OUR NET ZERO PATHWAY

We’ve been on a path to reduce our carbon emissions for several years and took a key step in 2021 when we set our long-term goal of net-zero GHG emissions across our full value chain by 2050.

We have signed the SBTi’s Business Ambition for 1.5°C, aligning our long-term emissions mitigation goals with the Paris Agreement’s aim of limiting temperature rise. We’ve also joined the United Nations “Race to Zero” campaign to help build momentum toward a decarbonized economy.

In April 2024, the SBTi successfully validated our full value chain goal to reduce absolute end-to-end CO2e emissions by about 35% by 2030 and to reach net-zero by 2050 from a 2018 base year, including the reduction of absolute gross scope 1 and 2 GHG emissions by 50.4% within the same timeframe, in line with the 1.5oC reduction pathway.(1) (2) This followed a thorough review of our carbon accounting documentation, in line with both the GHG Protocol and SBTi standards and guidelines, as well as our commitment to continue transforming our operations and supply chains while transparently reporting progress. This exercise was developed with the input of multiple functions throughout the business – including Manufacturing, Logistics, Finance and Procurement – as well as collaboration with our external partners and suppliers in building a framework for more consistent carbon reporting across our Scope 1, 2 and 3 emissions.

For Scope 1, we identify and report on the combustion of fuels taking place in our own facilities and mobile operations, as well as any fugitive emissions from our sites.

For Scope 2, measuring emissions involves assessing indirect emissions associated with the electricity, heat and steam we buy for our own facilities.

For Scope 3, we measure the indirect emissions generated within our value chain, such as the emissions generated from materials and services we buy, emissions generated from activities associated with fuel and energy, and emissions generated from finished goods storage and transportation, as well as business travel and investments.

We also strive to support cross sector sharing and collaboration when it comes to common challenges in decarbonizing supply chains. We actively participate in a number of global organizations focused on supply chain improvements, including the Toward Net Zero Coalition of Action (TNZ) and the Forest Positive Coalition of Action (FPC) as part of our membership with the CGF.

We are implementing the SBTi reduction pathway following distinct phases as shown in Figure 1 above. (Find out more on SBTi’s website.)

STRATEGIES FOR REDUCING CARBON

At Mondelēz International, we focus our strategic efforts on three prominent drivers of carbon emissions at play in the food and beverage sector: the changing use of land, including deforestation; emissions related to farming; and use of fossil fuels. That’s why we regard deforestation-free, regenerative agriculture and the avoidance of fossil fuels as key focus areas to help cut our emissions.

To effectively bring these three strategies to life, we have identified our main focus areas and created reduction roadmaps for each which includes, shifting our ingredient supply chains away from sources where deforestation occurs; focusing on regenerative agriculture that uses ecological principles to sustain and restore degraded soils; and embracing renewable energy sources and low- impact, more sustainable packaging.

Completeness & Consistency in Determining Carbon Footprint Reporting (1)

To help make our carbon footprint reporting more consistent, we expose our data to external verification and align our internal processes with the GHG Protocol standards. As part of this, we published our formalized Carbon Accounting Manual during 2023. And we continued to increase the internal processes we use to promote consistency of approach, in the form of a growing range of Standard Operating Procedures.

We continue to keep our carbon inventory up to date, now including the recently acquired Chipita Global S.A. and Ricolino. Starting in 2024, Mondelēz International partnered with Watershed to improve the GHG accounting process allowing for greater data granularity and streamlined calculation.

Overall, our emissions continue to reduce over the years as we continue transitioning our materials to a number of new customized emissions factors, allowing us to reflect the strategic efforts following our three focus areas to reduce our emissions.

Our end-to-end emissions are aligned with SBTi guidelines where we focus our initiatives on our most impactful and actionable GHG emissions across the value chain (approximately 90% of our end-to- end CO2e emissions in base year 2018).(1)

CLIMATE RISKS & RESILIENT COMMUNITIES

Operating at a global scale means we can have a meaningful positive impact by encouraging practices that respect land rights, and by investing in innovation and technology to increase transparency and measure impact at scale across our supply chain.

Identifying and managing climate change-related risks is part of our ERM process, enabling us to expand and deepen our understanding of our impact on the planet, informing our strategies and ultimately sharpening and enhancing our approaches.

We are in the process of reviewing our approach to assessing environmental dependencies, impacts, risks, and opportunities in alignment with evolving standards and regulations. For this, we collaborate with third-party expert Risilience and their partner, the Centre for Risk Studies at the University of Cambridge. Risilience specializes in providing the methodology and climate modelling platform that, in combination with their own data and assumptions, drives informed decision-making and impact analysis through climate-related risk assessment and scenario analysis.

The platform offered by Risilience provides several configurable models that quantify the impact of various physical and transition risks under different emission pathways. These emission pathways range from a 1.5oC of warming to >4oC of warming as compared with pre-industrial levels. Physical risks include the increasing frequency of extreme weather events and natural disasters, effects on water availability and quality, and biodiversity loss. These can increase risks to the global food production and distribution system, and to the safety and resilience of the communities where we live, work, and source our ingredients. They could also further decrease food security for communities around the world. Transition risks include increased focus by federal, state, and local regulatory and legislative bodies around the world regarding environmental policies relating to climate change, regulating GHG emissions (including carbon pricing or a carbon tax), energy policies, disclosure obligations and sustainability, including single use plastics.

The analytical output results of this tool are aligned with TCFD’s (and similar) reporting requirements, which may be used as a foundation for future climate-related regulatory disclosure requirements.

We continue to monitor this space so that our approach remains relevant and transparent, and we continue to strive to provide our stakeholders with relevant information on climate-related issues. We report on our metrics and goals annually in our Snacking Made Right reports and CDP questionnaire disclosures.

For more details please read our Annual Report

STRATEGIES FOR CLIMATE RISK ADAPTATION

Looking at climate physical and transition risks, we strive to help support communities and landscapes to adapt and become more resilient. We do this through three key strategies :

  1. Enhancing social sustainability and respecting Human Rights 
    Resilient communities are better positioned to drive their own development. We strive to make sure that the rights of people in our value chain are respected and promoted, and that the communities where we operate are more resilient. To this end, we focus on key areas for greater impact, including addressing Human Rights risks in sourcing key commodities, and working to improve living wages and due diligence in our own operations.
  2. Aiming to seek no deforestation across primary commodities by 2025
    Deforestation is a risk because of its contribution to global climate change as well as its impact on indigenous peoples
    and local communities, and ecosystem services in affected areas. Therefore, we believe it is important to take action to help reduce deforestation and promote more sustainable land use practices which respect human rights, including land rights, in line with our Human Rights Policy

    Our goal is to seek no deforestation across our primary commodities following an approach starting with our European business in accordance with EU regulations and rolling out to our other regions by December 31, 2025, in accordance with SBTi guidance. The cutoff date was December 31, 2020, in accordance with EU regulations and SBTi guidance. This is the date after which deforestation is counted against a company’s supply chain, meaning that products have to be produced on land that has not been subject to deforestation or forest degradation after December 31, 2020. In specific cases, e.g., where specific certification standards exist, we may apply cut-off dates set by those respective standards if they are the same or earlier in time. For cocoa and palm oil, two commodities we source that are considered at-risk when it comes to deforestation, we engage with our key suppliers to supply only deforestation-free cocoa and palm oil to Mondelēz International. We also call on our suppliers to take efforts to end deforestation in their supply chains. While focus lies on cocoa and palm oil, we also consider soy1, pulp, and paper in our deforestation-free approach.

    Ending deforestation needs sector-level transformation. We support an approach in which key players along the value chain work collaboratively to tackle systemic issues at the industry, country and landscape-level.

    Our full deforestation position is available on our website.

  3. Increasing regenerative agricultural practices

    To help improve agricultural resilience, we’re working to transform agricultural production into regenerative systems while reducing carbon. We focus on agroforestry landscapes, biodiversity, and regenerative farming practices across our key ingredients, including cocoa and wheat. This involves participation in sector- wide initiatives and coalitions with multiple stakeholders.

ACTION PLANS AND PROGRESS

ENVIRONMENTAL IMPACT THROUGH OUR OPERATIONS & INGREDIENT SOURCING

RAW MATERIALS – COCOA

We engage with key suppliers to promote sourcing of deforestation-free cocoa.

  • Read more about our deforestation position on our website

We also address challenges of climate change and deforestation in the cocoa supply chain through Cocoa Life by working with partners to advance the ambitions of the Cocoa and Forests Initiative.

Particularly as supply of cocoa has been hindered largely due to weather with lower production causing a rise in the price of this important ingredient, we have continued our Cocoa Life focus to support our goal of a thriving cocoa sector that collaborates to tackle interrelated system issues.

Cocoa Life Actions to Protect and Restore Forests

As part of Cocoa Life, we believe in conserving the land and forests for today and for tomorrow. As part of our integrated approach, we focus on helping to protect and restore forests and seek no deforestation on Cocoa Life farms.

Two key elements drive our cocoa emissions reduction: agroforestry and farming practices. Therefore, through Cocoa Life, we are working with partners and governments to help farmers grow more resilient farms through trainings on agricultural and environmental practices. These trainings are delivered to raise awareness, to build farming skills and to encourage activities that help increase cocoa yields while avoiding farm expansion into protected areas. We also help promote agroforestry techniques through planting non-cocoa trees to protect crops from excessive sun and heat. These trees also promote biodiversity and can provide farmers with additional income. By the end of 2024, we distributed ~10,665,000 economic shade trees, trained ~178,000 farmers in Good Agricultural Practices and trained ~571,000 community members in Good Environmental practices.(4)

We are also applying farm mapping to monitor deforestation for communities. Farm mapping enables us to assess deforestation risks in our supply chain and gain a deeper understanding of farming community needs and farm boundaries. By the end of 2024, we have mapped more than 237,000 Cocoa Life farms.(29)

Promoting Cocoa Agroforestry

Carbon removals are key to meeting our carbon objectives as we cannot rely only on carbon reduction. We continue to remain in line with the GHG protocol and continue our efforts while we wait for the GHG Protocol’s Land Sector and Removals (LSR) guidance. We have started a carbon booster project focusing on carbon removals to help sequester carbon from the atmosphere and have a bigger positive climate impact. This project focuses on agroforestry and in particular tree planting to sequester carbon. In some countries, this project also includes financial incentives (Payments for Environmental Services – PES) paid to farmers for the number of trees planted (Cameroon) or the survival rate of trees (Indonesia).

Generally, research and practitioners expect agroforestry to provide a wide range of environmental, social and economic ecosystem services:

  • Income diversification for farmers: Trees planted are usually a mix of fruit and timber trees. If the tree is a source of income it is less likely the farmer will cut it down for wood.
  • Soil conservation (improves soil quality and reduces soil erosion, increases soil fertility).
  • Biodiversity preservation.
  • Natural barrier to pests (when planting along the borders of the plot).
  • Helps crops become more resilient to climate change and extreme climatic events.

We launched the carbon booster project in Côte d’Ivoire, Ghana, India, Indonesia and Brazil in 2023 and in Nigeria and Cameroon in 2024. While we continue to plant trees, we also see climate challenges – low rainfalls in India or El Niño in Brazil pose a higher risk of tree mortality.

We currently use field monitoring for tree survival rates to confirm they are still sequestrating carbon. As we scale tree planting in the coming years, we intend to assess how to monitor tree survival leveraging remote sensing data to support the field monitoring.

Understanding Our Impact on Forests

We work with Satelligence, a remote sensing company, to help us understand the impact on natural forests of Cocoa Life farmers and communities. Satelligence applies satellite imagery to detect forest cover changes that can indicate likely deforestation events, and machine-learning to measure deforestation rates. Following sector practices in 2024, the methodology was adjusted to expand the scope to secondary forests in addition to primary forests. The new definition improves forest detection and helps us better protect already degraded area where forests have newly regrown in addition to primary forests.

In alignment with our Cocoa and Forests Initiative ambitions, we look at deforestation signals from 2018 until the latest available data (2024). In 2024, the analysis focused on our impact on forests in Ghana, Côte d’Ivoire and Nigeria.

Overall results in West Africa (Côte d’Ivoire, Ghana, Nigeria) show approximately 2.5% deforestation on or closely around Cocoa Life registered farms.(3) The satellite monitoring results show near no deforestation on or closely around Cocoa Life registered farms in Côte d’Ivoire (~0.6%) and Ghana (~2.2%) since 2018. In Nigeria, the new detection approach indicates a level of approximately 19% with most detected occurrences located on potential secondary forest or agroforestry areas versus primary forest which was the focus of our 2023 analysis. We are in the process of engaging with supply chain partners to better understand what triggers the occurrences and, if required, follow up to do checks on the ground and assess the opportunity to rehabilitate impacted areas as appropriate.

Understanding the Carbon Emissions Impact

Building on our work from 2022, we’re continuing to expand our list defining customized emission factors that will help us to understand our carbon emissions intensity, which helps to quantify the carbon reductions resulting from the Cocoa Life program.
In doing so, we’re using data to translate our interventions in deforestation prevention and agroforestry as well as farming practices into custom emission factors. In our major sourcing countries, this approach is resulting in lower emissions per tonne of product than we would obtain with generic emission factors.

Working in Collaboration Across Landscapes

As we seek forest protection and restoration, we work with farming communities, peers, sector partners and governments to drive solutions on a landscape level. This includes the CFI and multistakeholder landscape initiatives, such as the Asunafo-Asutifi landscape partnership in Ghana.

As part of Cocoa Life Indonesia’s activities in Aceh and North Sumatra, we help protect and restore forests in the Leuser Ecosystem landscapes.

RAW MATERIALS – DAIRY

To better maximize our efforts, we have taken a two-pronged approach to help reduce carbon intensity in dairy: We work directly with farmers supplying our core brands Cadbury Dairy Milk, Milka and Philadelphia, and we closely collaborate with strategic processors. Thanks to first tracking their CO2e emissions and then developing action plans to reduce them, some strategic suppliers have successfully completed their baselines and are delivering lower carbon intensity compared to their base year.

Europe at the Helm of Dairy GHG Reduction Programs

We are working with several of our dairy suppliers in Europe on ambitious farm-level GHG reduction programs with the goal of reducing CO2e emissions from baselines that Mondelēz International began establishing in 2018.

Our goal is to gain a clear picture of GHG emissions and sustainability efforts across our shared value chain. We work with dairy suppliers, industry experts, and our carbon accounting partner, Quantis, to review the tools and methodologies used for measuring GHG emissions. This helps us to accurately assess our baseline and measure progress. A robust baseline, based on farm-level data, highlights environmental hotspots and solutions most relevant for our supply chain.

In 2024, we kicked off phase 2 of our baselining efforts to cover more of our Europe supplier base and began to track annual progress for the baselines validated in phase 1.

In Italy, our local supplier Fattorie Osella has taken another significant step forward in dairy sustainability. After becoming the first dairy company in Italy to obtain animal welfare certification for ~100% of its milk suppliers since 2016, Fattorie Osella has launched a three-year carbon reduction journey with xFarm Technologies. Through this collaboration, 17 farmers are expected to gain access to their on-farm carbon footprints, enabling them to design a tailored roadmap for reducing on-farm CO2e emissions. Farmers will have access to an online platform that helps digitalize their operations and make informed sustainability decisions.

Australia on Its Way

Australia is on the dairy emissions-reduction journey, partnering directly with Cadbury dairy farmers in Tasmania. In 2024 Mondelēz Australia completed baselines for on-farm carbon footprints and are now looking at ways to partner with farmers to develop reduction strategies for the short, medium, and long term.

Emerging Technologies & Innovations in Dairy

Our Research & Development (R&D) organization continued our collaboration with the Scienta Group, a science and innovation consultancy, to stay informed on developments and support us in achieving our ambitions. This partnership has been instrumental in exploring the longer-term technical landscape, assessing the implementation readiness and efficacy of existing technologies,
and identifying new areas for exploration through opportunities in academia and industry collaboration. Moreover, our work with Scienta has identified early Technology Readiness Level (TRL) technologies, which we will explore during 2025 to better understand how they can be leveraged to deliver against our plan.

As part of our efforts with the Scienta Group, we are proud to have supported and secured approval for a European Institute of Innovation & Technology (EIT) Food-funded project. This initiative focuses on exploring the application of the Marginal Abatement Cost Curve (MACC) to better understand the environmental and economic impacts of various dairy farm typologies across Europe.

In addition, we have secured a Knowledge Transfer Partnership (KTP) with Queen’s University Belfast, further enhancing our internal expertise in assessing end-to-end emissions on farms as technology interventions are implemented. These collaborations reflect our commitment to innovation and progress as we work towards a more sustainable future.

Collaborating Across the Dairy Sector

In 2024, we continued our partnership with the Sustainable Agriculture Initiative Platform (SAI Platform) and its Sustainable Dairy Partnership (SDP) to collaborate within the industry. This includes our efforts to scale the adoption of the SDP in Latin America.

Through the SDP, we have worked to promote sector alignment on the reporting of sustainability topics and continuous improvement on key dairy issues. Along with a variety of stakeholders, processors and national programs (altogether representing about 30% of the global dairy volume), we are working to raise the bar in dairy sustainability. By recognizing existing programs, we are striving to avoid duplicating efforts, allowing more resources to help create positive impact at farm level. In 2024 we began to explore the option of using SDP data for baselining eligible suppliers. We intend to continue this work in 2025.

By collaborating with producers, processors, and buyers like ourselves, we hope to support a more sustainable future for dairy.

RAW MATERIALS – PALM OIL

Our aim to seek no deforestation is building upon the company’s POAP, which was first issued in 2014. We take into account learnings and experience realized in our Company’s efforts to collaborate with suppliers to source deforestation-free palm oil and applies those learnings across primary commodities. In the future, this plan will also take into account current and impending regulation, as well as insights from external frameworks such as the SBTi and collaborative organizations such as CGF FPC and CGF POCG.

Sourcing palm oil more sustainably means for us switching from broadly RSPO credit sourcing in prior years to sourcing RSPO physical certified starting in 2025. In conjunction we are also adopting NDPE’s IRF and require our suppliers to submit NDPE IRF profiles annually.

Shifting to deforestation-free sourcing supports our carbon footprint reduction.

RAW MATERIALS – WHEAT

We also work to help curb our supply chain footprint through our Harmony sustainable wheat program.

Our strengthened charter, Harmony Ambition 2030, includes 20 mandatory farming practices plus 17 best practices, built in close collaboration with agronomic experts, NGOs and, of course, our wheat supply chain. To help mitigate climate change, our Harmony Regenerative Charter focuses on the following objectives:

  • Optimizing the use of nitrogen fertilizers, the main source of greenhouse gas emissions in wheat production, and a source of soil health degradation;
  • Diversifying crop rotation by introducing leguminous crops;
  • Keeping the soil covered between crops to help improve soil structure, store carbon and reduce the need for fertilizers; and
  • Reducing tillage to limit erosion, improve water retention and enhance soil health.

We kick-started Harmony Ambition 2030 with a test-and-learn model in France. Participating farmers sowed Harmony wheat under our Regenerative Charter for harvest 2023. Encouraging results in France helped us to apply learnings to a wider European roll-out over the coming years, starting with Belgium for harvest 2024, Central Europe for harvest 2025 and finishing with Spain and Italy for harvest 2026.

Strong Data Reporting System to Measure Our Impact

Harmony has developed a strong and unique data reporting system on farming practices that allows for full traceability from Harmony wheat storage to factory. Our aim is to calculate and monitor a set of economic and agro-environmental performance indicators, such as nitrogen use efficiency, greenhouse gas emissions and pesticide use. Key results are shared with wheat supply chain partners to fuel a continuous improvement approach, and our charter is reworked to further reduce our environmental footprint.

To confirm our Harmony-labeled products comply with requirements of the charter, certified third-party organizations (SGS, Bureau Veritas) conduct annual verifications. All mills and storage bodies as well as about 10% of partner farmers are audited every year with over 285 audits performed in 2024.

In 2024, we decided to go further and kicked off a project to launch a new digital platform, developed by the technology company Improvin’. With the detailed farm-level data in the Harmony data platform, we will be able to more effectively track the overall progress of the program including factors such as reduction of greenhouse gas emissions. Designed with user simplicity in mind, the Harmony data platform features an intuitive interface and built- in compatibility with many Harmony partners’ existing tools, including Farm Management Systems.

The platform’s advanced machine learning capabilities, using modeled data from sources such as satellite imagery, streamline the reporting process, allowing farmers to validate information rather than having to enter data manually. Furthermore, the Harmony data platform offers farmers valuable feedback on their performance and tailored support to enhance their regenerative practices.

This Harmony data platform will be rolled out across Europe starting in 2025, covering more than 1,260 farms in seven markets by 2026: France, Belgium, Spain, Italy, Poland, Czechia and Hungary. In 2025, the French and Belgian Harmony partners will be the first to gain access to the new platform.

MANUFACTURING

We’re focusing on increasing both our energy efficiency and our use of renewable energy (with a focus on electricity), so that we can go further in reducing our carbon emissions and our costs. In 2024, about 54% of the electricity we used in our manufacturing sites was renewable, compared to around 45% in 2023.(5)

We are also continuing to make adjustments to how we operate. We are leveraging improved processing designs for enhanced efficiency. For example, we are replacing some natural gas baking ovens with low-carbon fuels or electricity.

LOGISTICS OPERATIONS

Outbound logistics activities (from manufacturing plants to customers) represent about 4% of our total company CO2e emissions.(1) Most of our operations are outsourced, thus partnering with our suppliers is crucial to help deliver our net-zero emissions ambition. The main contributor to our emissions is truck transportation.

We are working to reduce the emissions across our logistics operations across a range of activities. Efforts include investing
in new and energy-efficient mobility solutions, as well as switching to renewable energy sources in our warehouses. We’re also optimizing routes, reducing travel distances and improving the ways in which we use trucks and containers.

Electric transportation continues to be piloted in a variety of markets, including China, the U.S.and Brazil and also in 2024 piloted for the first time in Czechia.

In Europe, we run a program called Design to Transport which aims to enhance our transportation efficiency by improving vehicle utilization. Three pillars of this program are pallet height optimization, pallet loading optimization (e.g. double stacking) and our Pack Light Right program, which optimizes truck space utilization and drives air reduction in transport. The program initiated in 2023 and continued to thrive into 2024, successfully eliminating over 1,000 trucks annually that transit between our manufacturing facilities and distribution centers.

PACKAGING

We continue to strive to make our packaging more efficient in line with our strategy. This means working toward reducing the virgin plastic material used in our packaging, while not compromising the quality and integrity of our products. We have deployed packaging sustainability design requirements across our global business.

These requirements are aligned with industry guidelines – such as the CGF’s Golden Design Rules – to promote consistency with latest leading practices. By designing our packaging to be recyclable, evolving to more sustainable materials and increasing our use of recycled content, we are working toward improving carbon intensity across our packaging portfolio.

SUPPLIER PARTNERSHIP PROGRAMS

In the last year, we have continued to build two major partnerships that are helping us better understand our broader Scope 3 emissions, while recognizing their level of alignment with our net- zero plans.

First, we continue working with EcoVadis, a leading provider of business sustainability ratings and second, we continue to partner with the Supplier Leadership on Climate Transition (Supplier LOCT), a consortium of world-leading businesses aiming to reduce supply chain emissions. Through this approach we are supporting our top suppliers in evolving or (where applicable) creating their Scope 3 footprint, setting CO2e reduction goals, and reporting outcomes in line with the SBTi.

INNOVATION

During 2024, we’ve worked on many areas of innovation, which are aimed at helping us reduce our carbon emissions. Key examples include:

  • Conservation in Cocoa: We completed the first, comprehensive study of biochar’s potential as a carbon dioxide removal technology in a smallholder cocoa farming in collaboration with the Alliance of Biodiversity International and CIAT (Centro Internacional de Agricultura Tropical). The results showed potential to simultaneously achieve decarbonization of cocoa, while also improving soil fertility, water retention, fertilizer use efficiency, and productivity. The most viable technologies and scaling models were identified and evaluated. Also, the community-based Payment for Ecosystems Services (PES) model developed under the Landscape for Sustainable Livelihoods (C4SL) pilot project in Ghana, has reduced the deforestation growth curve by over 70% compared to business-as-usual which means the conservation of about 7,000 tonnes of CO2 equivalent together with improved water recharge and hectares of biodiversity. Additionally, we registered two high-yielding, resilient cocoa clones in Indonesia and established 4 budwood gardens in Sumatra, each with a capacity to distribute approximately 35,000 – 50,000 seedlings.
  • Wheat Regen Ag Pilot: Developing a three-year baseline alongside Michigan State University Extension to initiate a regenerative agriculture program in the 2025 planting season, looking at the use of regenerative agriculture in wheat for Triscuit recipes. Also, Mondelēz International enlisted a Monitor, Reporting and Verification (MRV) partner to monitor, record and verify regenerative agricultural practices, as well as a crop warranty provider to help decrease risk during the transition to regenerative practices once the program begins.
  • Wheat Breeding Program: We have been able to register two new soft wheat varieties in China, marking a significant milestone in our sustainability journey. Local sourcing is a critical enabler for our initiatives in China, and these varieties not only meet
    our quality standards but also lay the foundation for working towards our longer-term goal of net zero emissions by 2050.
  • Sustainable Futures Investment: Through our Sustainable Futures platform we have invested in eAgronom, a start up company that supports the transition to regenerative agriculture by helping farmers improve soil health, reduce carbon emissions and enhance financial resilience through sustainable practices. With over 1 million hectares already under sustainable farming practices, eAgronom enables farmers to access carbon credit markets, helping create additional revenue streams while helping strengthen their ability to adapt to climate-related challenges.
  • EcoDesign Development: R&D colleagues throughout our business now have access to a digital EcoDesign tool to help them build reduced environmental impact into product and process innovations, reformulations and portfolio shifts. We also use our eQoPack, a packaging assessment tool developed by Quantis to help us design more sustainable packaging.
  • Reformulation Research: We are piloting a digital dashboard to help us capture the carbon-reduction potential available through reformulation. We also funded a project with The National Food Lab, Inc. to test the potential for taking dairy ingredients out of selected baked products with minimal impact on cost, taste or nutrition.

WHERE OUR CARBON FOOTPRINT COMES FROM

Similar to other food manufacturers, we see about 70% of our footprint driven by raw materials.(1) Cocoa and dairy are the two largest contributors to our footprint driven by our portfolio followed by: palm oil, sugar, wheat, other oils, nuts, and all other ingredients.

The remaining approximately 30% is broken out across internal manufacturing linked to the production of our products plus related upstream fuel and energy related activities, packaging used to keep our products safe and protected during transportation and handling, logistics operations linked to storage and transportation of finished goods, and various other categories including emissions related to external manufacturing, investments, services, business travel, and small categories.

Our end-to-end footprint has reduced by approximately (12)% compared to our 2018 baseline or approximately (9)% compared to emissions in the prior year.(1) Our Scope 1 and 2 emissions continue to decrease, reflecting our progress in renewable electricity and energy efficiency. We reduced our Scope 1 and 2 (market-based) emissions by approximately (28)% compared to our 2018 baseline and approximately (2)% compared to emissions in the prior year.(1)

In the past we have been focused on reducing the carbon emissions across our manufacturing operations by 10% from a 2018 base year which has been successfully achieved thanks to our strategic approach in our operations though electrification, transitioning to renewable energy, and efforts towards more energy efficient processes. Our focus moving forward will be shifting to the reduction of absolute Scope 1 & 2 emissions by 50.4% by 2030 against a 2018 base year.

Our Scope 3 emissions have decreased by approximately (11)% compared to our 2018 baseline, or approximately (9)% compared to emissions in the prior year as we continue to capture the positive effects of our various roadmaps, with the biggest impact coming from cocoa.(1) Our carbon reduction strategy is based on our focus areas, which each have a distinct roadmap.

View the full 2024 Snacking Made Right Report. 
 

(1) In the reporting year 2024, our annual GHG emissions were accounted following the GHG Protocol Corporate Standards and using the operational control approach. Reported information following Science Based Targets initiative (SBTi) guidelines for near-term target excludes Capital Goods, Upstream Transportation and Distribution of Raw Materials, Employee Commuting, Downstream Transportation at Customer, and End of Life Treatment.The long-term target excludes these same categories, except for Upstream Transportation and Distribution of Raw Materials and Employee Commuting. We have recalculated our base year 2018 and most recent years (2023 and 2024) inventory following the GHG Protocol Corporate Standards. Recent updates incorporate acquisitions Chipita and Ricolino. The footprint includes all acquisitions and divestitures to date except for Evirth. For more details, please see the Carbon Accounting Manual. Reported information is verified by an independent third-party and available in our ESG Reporting & Disclosure Reporting Archive. In the context of the Science Based Targets initiative (SBTi), an “absolute target” refers to a reduction in total greenhouse gas (GHG) emissions by a specific percentage or amount, measured against a baseline year, rather than a reduction per unit of production or activity.

(2) Our near-term goal aligns with the latest standards and guidelines including the current SBTi Net Zero Standard (from March 2024) and the current SBTi FLAG (Forest, Land and Agriculture) Guidance (from December 2023) by setting near-term targets in line with limiting warming to 1.5°C.

(3) Reported information for the period from January 1, 2024 to December 31, 2024 for West Africa includes Côte d’Ivoire, Nigeria and Ghana.

(4) Reported information for the period from January 1, 2024 to December 31, 2024 covers Brazil, Cameroon, Côte d’Ivoire, Ecuador, Ghana, Indonesia, India, and Nigeria unless otherwise stated (which differs from prior years).

(5) Reported information includes all divestitures to date and the following acquisitions (which were not included in previous years): Chipita, Clif bar, Give & Go, Gourmet Foods, Ricolino and Tate’s Bake Shop except for Evirth (subject to future data integration). We have recalculated our base year 2018 (where applicable) and most recent years (2023 and 2024) for year-over-year comparison. Reported information is verified by an independent third-party and available in our ESG Reporting & Disclosure Reporting Archive. 

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Antero Midstream Announces Second Quarter 2025 Financial and Operating Results and Increased Guidance

DENVER, July 30, 2025 /PRNewswire/ — Antero Midstream Corporation (NYSE: AM) (“Antero Midstream” or the “Company”) today announced its second quarter 2025 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Midstream’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025.

Second Quarter 2025 Highlights:

  • Low pressure gathering and processing volumes increased by 6% compared to the prior year quarter
  • Net Income was $125 million, or $0.26 per diluted share, a 44% per share increase compared to the prior year quarter
  • Adjusted Net Income was $138 million, or $0.29 per diluted share, a 26% per share increase compared to the prior year quarter (non-GAAP measure)
  • Adjusted EBITDA was $284 million, an 11% increase compared to the prior year quarter (non-GAAP measure)
  • Capital expenditures were $45 million, a 13% decrease compared to the prior year quarter
  • Free Cash Flow after dividends was $82 million, an 89% increase compared to the prior year quarter (non-GAAP measure)
  • Leverage was 2.8x as of June 30, 2025 (non-GAAP measure)

2025 Guidance Updates:

  • Increasing net income, Adjusted Net Income and Adjusted EBITDA guidance by $10 million (non-GAAP measure)
  • Decreasing interest expense, current income tax expense, and capital expenditures each by $5 million
  • Increasing Free Cash Flow before and after dividends by $25 million (non-GAAP measure)

Paul Rady, Chairman and CEO said, “During the quarter Antero Midstream gathered 3.5 Bcf/d of production, which was a 6% increase year-over-year and a new company record. This growth coincides with the significant demand growth seen along the U.S. Gulf Coast LNG facilities over the last year. Looking ahead, we continue to see significant demand growth from Gulf Coast LNG facilities as well as natural gas fired power demand from data center growth in Appalachia. As the critical first link to delivering gas to LNG and power demand, Antero Midstream is well positioned for future growth opportunities.”

Brendan Krueger, CFO of Antero Midstream, said “The record gathering and processing volumes in the second quarter led to an 11% year-over-year increase in EBITDA, while capital expenditures declined by 13%. This capital efficiency drove an 89% increase in Free Cash Flow compared to the second quarter of 2024.”

Mr. Krueger continued, “Antero Midstream’s consistent Free Cash Flow generation has enabled the Company to reduce debt by approximately $170 million over the past year, including nearly $100 million year-to-date. This debt reduction, combined with double-digit year-over-year EBITDA growth resulted in leverage declining to 2.8x as of June 30, 2025. In addition to the debt reduction, Antero Midstream has purchased approximately $83 million of shares year-to-date through July 30, 2025.” 

For a discussion of the non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, Free Cash Flow before and after dividends and Leverage please see “Non-GAAP Financial Measures and Definitions.”

Share Repurchase Program

During the second quarter of 2025, Antero Midstream repurchased 1.0 million shares for $17 million. Antero Midstream had approximately $426 million of remaining capacity under its $500 million authorized share repurchase program as of June 30, 2025. During the quarter, Antero Midstream also purchased $9 million of shares related to satisfying tax withholding obligations incurred upon the vesting of equity awards. Year-to-date through June 30, 2025, total shares purchased under the share repurchase program and for tax withholding obligations have totaled 4.4 million shares at a weighted average price of $16.62 per share. In addition, July month-to-date the Company has repurchased 0.6 million shares for $11 million.

2025 Guidance Update

Antero Midstream is increasing its Net Income, Adjusted Net Income, and Adjusted EBITDA guidance. The company is decreasing its interest expense, capital expenditures, and current income tax guidance. These changes result in a $25 million increase in Free Cash Flow before and after dividends. 

The following is a summary of Antero Midstream’s updated 2025 guidance ($ in millions, except per share amounts):

Twelve Months Ended
December 31, 2025

Change vs.
Prior
Guidance

Low

High

(At midpoint)

Net Income

$455

$495

$10

Adjusted Net Income

510

550

10

Adjusted EBITDA

1,090

1,130

10

Capital Expenditures

170

190

(5)

Interest Expense

190

200

(5)

Current Income Tax Expense

(5)

Free Cash Flow Before Dividends

715

755

25

Dividend Per Share

$0.90

Free Cash Flow After Dividends

275

325

25

 

2024 ESG Report

Antero Midstream published its 2024 ESG Report. This year’s report highlights the Company’s emissions reduction progress, increased water recycling rate, and continued commitment to safety across our operations. The report can be found at www.anteromidstream.com/esg.

Second Quarter 2025 Financial Results

Low pressure gathering volumes for the second quarter of 2025 averaged 3,460 MMcf/d, a 6% increase compared to the prior year quarter. Compression volumes for the second quarter of 2025 averaged 3,447 MMcf/d, a 6% increase compared to the second quarter of 2024. High pressure gathering volumes averaged 3,221 MMcf/d, an 8% increase compared to the prior year quarter. Fresh water delivery volumes averaged 98 MBbl/d during the quarter, a 21% increase compared to the second quarter of 2024. 

Gross processing volumes from the processing and fractionation joint venture (the “Joint Venture”) averaged 1,687 MMcf/d for the second quarter of 2025, a 6% increase compared to the prior year quarter. Joint Venture processing capacity was over 100% utilized during the quarter based on nameplate processing capacity of 1.6 Bcf/d. Gross Joint Venture fractionation volumes averaged 40 MBbl/d, in line with the prior year quarter. Joint Venture fractionation capacity was 100% utilized during the quarter based on nameplate fractionation capacity of 40 MBbl/d.

Three Months Ended

June 30,

Average Daily Volumes:

2024

2025

%
Change

Low Pressure Gathering (MMcf/d)

3,258

3,460

6 %

Compression (MMcf/d)

3,246

3,447

6 %

High Pressure Gathering (MMcf/d)

2,994

3,221

8 %

Fresh Water Delivery (MBbl/d)

81

98

21 %

Gross Joint Venture Processing (MMcf/d)

1,588

1,687

6 %

Gross Joint Venture Fractionation (MBbl/d)

40

40

*

* Not meaningful or applicable.

 

For the three months ended June 30, 2025, revenues were $305 million, comprised of $239 million from the Gathering and Processing segment and $66 million from the Water Handling segment, net of $18 million of amortization of customer relationships. Water Handling revenues include $35 million from wastewater handling and high rate water transfer services.

Direct operating expenses for the Gathering and Processing and Water Handling segments were $26 million and $37 million, respectively, for a total of $63 million. Water Handling operating expenses include $32 million from wastewater handling and high rate water transfer services. General and administrative expenses excluding equity-based compensation were $11 million during the second quarter of 2025. Total operating expenses during the second quarter of 2025 included $11 million of equity-based compensation expense and $33 million of depreciation expense.

Net Income was $125 million, or $0.26 per diluted share, a 44% per share increase compared to the prior year quarter. Net Income adjusted for amortization of customer relationships, loss on early extinguishment of debt, and loss on asset sale, net of tax effects of reconciling items, or Adjusted Net Income, was $138 million. Adjusted Net Income was $0.29 per diluted share, a 26% per share increase compared to the prior year quarter.

The following table reconciles Net Income to Adjusted Net Income (in thousands):

Three Months Ended

June 30,

2024

2025

Net Income

$

86,037

124,513

Amortization of customer relationships

17,668

17,668

Loss on early extinguishment of debt

13,691

Loss on asset sale

1,379

Tax effect of reconciling items (1)

(8,430)

(4,564)

Adjusted Net Income

$

110,345

137,617

(1)       The statutory tax rate for each of the three months ended June 30, 2024 and 2025 was approximately 25.8%.

 

Adjusted EBITDA was $284 million, an 11% increase compared to the prior year quarter. Interest expense was $48 million, an 8% decrease compared to the prior year quarter, driven primarily by lower outstanding average total debt. Capital expenditures were $45 million, a 13% decrease compared to the second quarter of 2024. Current income tax expense was $2 million. Looking forward, the Company expects a reversal of substantially all of the cash paid for income taxes during the first half of the year. Free Cash Flow before dividends was $190 million, a 25% increase compared to the prior year quarter. Free Cash Flow after dividends was $82 million, an 89% increase compared to the prior year quarter.

The following table reconciles Net Income to Adjusted EBITDA and Free Cash Flow before and after dividends (in thousands):

Three Months Ended

June 30,

2024

2025

Net Income

$

86,037

124,513

 Interest expense, net

52,186

47,962

 Income tax expense

28,436

43,985

 Depreciation expense

37,576

33,364

 Amortization of customer relationships

17,668

17,668

 Equity-based compensation

11,599

11,407

 Equity in earnings of unconsolidated affiliates

(27,597)

(30,016)

 Distributions from unconsolidated affiliates

33,970

35,355

 Loss on early extinguishment of debt

13,691

 Other operating expense (1)

1,426

50

Adjusted EBITDA

$

254,992

284,288

 Interest expense, net

(52,186)

(47,962)

 Capital expenditures (accrual-based)

(51,276)

(44,847)

  Current income tax expense

(1,908)

Free Cash Flow before dividends

$

151,530

189,571

Dividends declared (accrual-based)

(108,284)

(107,678)

Free Cash Flow after dividends

$

43,246

81,893

(1)       Other operating expense represents accretion of asset retirement obligations and loss on asset sale.

 

The following table reconciles net cash provided by operating activities to Free Cash Flow before and after dividends (in thousands):

Three Months Ended

June 30,

2024

2025

Net cash provided by operating activities

$

215,806

265,183

Amortization of deferred financing costs

(1,495)

(1,314)

Settlement of asset retirement obligations

250

48

Changes in working capital

(11,755)

(29,499)

Capital expenditures (accrual-based)

(51,276)

(44,847)

Free Cash Flow before dividends

$

151,530

189,571

Dividends declared (accrual-based)

(108,284)

(107,678)

Free Cash Flow after dividends

$

43,246

81,893

 

Second Quarter 2025 Operating Update

During the second quarter of 2025, Antero Midstream connected 18 wells to its gathering system and serviced 11 wells with its fresh water delivery system.  

Capital Investments

Capital expenditures were $45 million during the second quarter of 2025. The Company invested $22 million in gathering and compression, $20 million in water infrastructure and $3 million in the Stonewall Joint Venture. 

Conference Call

A conference call is scheduled on Thursday, July 31, 2025 at 10:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference “Antero Midstream.” A telephone replay of the call will be available until Thursday, August 7, 2025 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13750399. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream’s website at www.anteromidstream.com. The webcast will be archived for replay until Thursday, August 7, 2025 at 10:00 am MT.

Presentation

An updated presentation will be posted to the Company’s website before the conference call. The presentation can be found at www.anteromidstream.com on the homepage. Information on the Company’s website does not constitute a portion of, and is not incorporated by reference into this press release.

Non-GAAP Financial Measures and Definitions

Antero Midstream uses certain non-GAAP financial measures. Antero Midstream defines Adjusted Net Income as Net Income adjusted for certain items. Antero Midstream uses Adjusted Net Income to assess the operating performance of its assets. Antero Midstream defines Adjusted EBITDA as Net Income adjusted for certain items.

Antero Midstream uses Adjusted EBITDA to assess:

  • the financial performance of Antero Midstream’s assets, without regard to financing methods, capital structure or historical cost basis;
  • its operating performance and return on capital as compared to other publicly traded companies in the midstream energy sector, without regard to financing or capital structure; and
  • the viability of acquisitions and other capital expenditure projects.

Antero Midstream defines Free Cash Flow before dividends as Adjusted EBITDA less net interest expense, accrual-based capital expenditures, and current income tax expense. Capital expenditures include additions to gathering systems and facilities, additions to water handling systems, and investments in unconsolidated affiliates. Capital expenditures exclude acquisitions. Free Cash Flow after dividends is defined as Free Cash Flow before dividends less accrual-based dividends declared for the quarter. Antero Midstream uses Free Cash Flow before and after dividends as a performance metric to compare the cash generating performance of Antero Midstream from period to period.

Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow before and after dividends are non-GAAP financial measures. The GAAP measure most directly comparable to these measures is Net Income. Such non-GAAP financial measures should not be considered as alternatives to the GAAP measures of Net Income and cash flows provided by (used in) operating activities. The presentations of such measures are not made in accordance with GAAP and have important limitations as analytical tools because they include some, but not all, items that affect Net Income and cash flows provided by operating activities. You should not consider any or all such measures in isolation or as a substitute for analyses of results as reported under GAAP. Antero Midstream’s definitions of such measures may not be comparable to similarly titled measures of other companies.

The following table reconciles cash paid for capital expenditures and accrued capital expenditures during the period (in thousands):

Three Months Ended

June 30,

2024

2025

Capital expenditures (as reported on a cash basis)

$

43,399

40,064

Change in accrued capital costs

7,877

4,783

Capital expenditures (accrual basis)

$

51,276

44,847

 

Antero Midstream defines Net Debt as consolidated total debt, excluding unamortized debt premiums and debt issuance costs, less cash and cash equivalents. Antero Midstream views Net Debt as an important indicator in evaluating Antero Midstream’s financial leverage. Antero Midstream defines Leverage as Net Debt divided by Adjusted EBITDA for the last twelve months. The GAAP measure most directly comparable to Net Debt is total debt, excluding unamortized debt premiums and debt issuance costs.

The following table reconciles consolidated total debt to Net Debt as used in this release (in thousands):

June 30,

2024

2025

Bank credit facility

$

555,700

389,300

5.75% senior notes due 2027

650,000

650,000

5.75% senior notes due 2028

650,000

650,000

5.375% senior notes due 2029

750,000

750,000

6.625% senior notes due 2032

600,000

600,000

Consolidated total debt

3,205,700

3,039,300

Less: Cash and cash equivalents

Consolidated net debt

$

3,205,700

3,039,300

 

The following table reconciles Net Income to Adjusted EBITDA for the last twelve months ended June 30, 2025 (in thousands):

Twelve Months Ended

June 30, 2025

Net Income

$

456,179

Interest expense, net

197,905

Income tax expense

162,886

Depreciation expense

131,441

Amortization of customer relationships

70,672

Impairment of property and equipment

1,149

Equity-based compensation

47,215

Equity in earnings of unconsolidated affiliates

(113,482)

Distributions from unconsolidated affiliates

135,460

Loss on early extinguishment of debt

341

Other operating income, net (1)

(464)

Adjusted EBITDA

$

1,089,302

(1)       Other operating income, net represents accretion of asset retirement obligation and gain on asset sale.

 

Antero Midstream has not included a reconciliation of Adjusted Net Income, Adjusted EBITDA and Free Cash Flow before and after dividends to the nearest GAAP financial measures for 2025 because it cannot do so without unreasonable effort and any attempt to do so would be inherently imprecise. Antero Midstream is able to forecast the following reconciling items between such measures and Net Income (in millions):

Twelve Months Ended
December 31, 2025

Low

High

Depreciation expense

$130

$140

Equity based compensation expense

40

45

Amortization of customer relationships

70

75

Distributions from unconsolidated affiliates

135

145

 

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation’s (NYSE: AR) (“Antero Resources”) properties.

This release includes “forward-looking statements.” Words such as “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Midstream’s control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Midstream expects, believes or anticipates will or may occur in the future, such as statements regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management, Antero Resources’ expected production and development plan, natural gas, NGLs and oil prices, Antero Midstream’s ability to realize the anticipated benefits of its investments in unconsolidated affiliates, Antero Midstream’s ability to execute its share repurchase and dividend program, Antero Midstream’s ability to execute its business strategy, impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East, and world health events, information regarding long-term financial and operating outlooks for Antero Midstream and Antero Resources, information regarding Antero Resources’ expected future growth and its ability to meet its drilling and development plan and the participation level of Antero Resources’ drilling partner, the impact on demand for Antero Midstream’s services as a result of incremental production by Antero Resources, the impact of recently enacted legislation, and expectations regarding the amount and timing of litigation awards are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. All forward-looking statements speak only as of the date of this release. Although Antero Midstream believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Midstream expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Antero Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties incidental to our business, most of which are difficult to predict and many of which are beyond Antero Midstream’s control. These risks include, but are not limited to, commodity price volatility, inflation, supply chain or other disruptions, environmental risks, Antero Resources’ drilling and completion and other operating risks, regulatory changes or changes in law, the uncertainty inherent in projecting Antero Resources’ future rates of production, cash flows and access to capital, the timing of development expenditures, impacts of world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading “Risk Factors” in Antero Midstream’s Annual Report on Form 10-K for the year ended December 31, 2024.

ANTERO MIDSTREAM CORPORATION

Condensed Consolidated Balance Sheets

 (In thousands, except per share amounts)

(Unaudited)

December 31,

June 30,

2024

2025

Assets

Current assets:

Accounts receivable–Antero Resources

$

115,180

111,623

Accounts receivable–third party

832

774

Other current assets

2,052

2,080

Total current assets

118,064

114,477

Long-term assets:

Property and equipment, net

3,881,621

3,892,547

Investments in unconsolidated affiliates

603,956

598,340

Customer relationships

1,144,759

1,109,423

Other assets, net

13,348

12,215

Total assets

$

5,761,748

5,727,002

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable–Antero Resources

$

4,114

4,330

Accounts payable–third party

12,308

14,798

Accrued liabilities

83,555

90,303

Other current liabilities

635

1,737

Total current liabilities

100,612

111,168

Long-term liabilities:

Long-term debt

3,116,958

3,023,800

Deferred income tax liability, net

413,608

490,101

Other

15,399

14,544

Total liabilities

3,646,577

3,639,613

Stockholders’ equity:

Preferred stock, $0.01 par value: 100,000 authorized as of December 31, 2024 and June 30,
      2025

Series A non-voting perpetual preferred stock; 12 designated and 10 issued and
      outstanding as of December 31, 2024 and June 30, 2025

Common stock, $0.01 par value; 2,000,000 authorized; 479,422 and 479,011 issued and
      outstanding as of December 31, 2024 and June 30, 2025, respectively

4,794

4,790

Additional paid-in capital

2,019,830

1,970,769

Retained earnings

90,547

111,830

Total stockholders’ equity

2,115,171

2,087,389

Total liabilities and stockholders’ equity

$

5,761,748

5,727,002

 

ANTERO MIDSTREAM CORPORATION

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

(In thousands, except per share amounts)

Three Months Ended June 30,

2024

2025

Revenue:

Gathering and compression–Antero Resources

$

228,993

248,901

Water handling–Antero Resources

58,056

73,773

Water handling–third party

414

466

Amortization of customer relationships

(17,668)

(17,668)

Total revenue

269,795

305,472

Operating expenses:

Direct operating

56,409

63,114

General and administrative (including $11,599 and $11,407 of equity-based compensation
      in 2024 and 2025, respectively)

21,219

22,125

Facility idling

412

375

Depreciation

37,576

33,364

Other operating expense, net

1,426

50

Total operating expenses

117,042

119,028

Operating income

152,753

186,444

Other income (expense):

Interest expense, net

(52,186)

(47,962)

Equity in earnings of unconsolidated affiliates

27,597

30,016

Loss on early extinguishment of debt

(13,691)

Total other expense

(38,280)

(17,946)

Income before income taxes

114,473

168,498

Income tax expense

(28,436)

(43,985)

Net income and comprehensive income

$

86,037

124,513

Net income per common share–basic

$

0.18

0.26

Net income per common share–diluted

$

0.18

0.26

Weighted average common shares outstanding:

Basic

481,103

479,083

Diluted

484,778

482,451

 

ANTERO MIDSTREAM CORPORATION

Selected Operating Data (Unaudited)

Amount of

Three Months Ended June 30,

 Increase

Percentage

2024

2025

or Decrease

Change

Operating Data:

Gathering—low pressure (MMcf)

296,489

314,826

18,337

6

%

Compression (MMcf)

295,400

313,706

18,306

6

%

Gathering—high pressure (MMcf)

272,447

293,146

20,699

8

%

Fresh water delivery (MBbl)

7,362

8,941

1,579

21

%

Other fluid handling (MBbl)

5,144

5,330

186

4

%

Wells serviced by fresh water delivery

19

11

(8)

(42)

%

Gathering—low pressure (MMcf/d)

3,258

3,460

202

6

%

Compression (MMcf/d)

3,246

3,447

201

6

%

Gathering—high pressure (MMcf/d)

2,994

3,221

227

8

%

Fresh water delivery (MBbl/d)

81

98

17

21

%

Other fluid handling (MBbl/d)

57

59

2

4

%

Average Realized Fees(1):

Average gathering—low pressure fee ($/Mcf)

$

0.36

0.36

*

Average compression fee ($/Mcf)

$

0.21

0.22

0.01

5

%

Average gathering—high pressure fee ($/Mcf)

$

0.22

0.23

0.01

5

%

Average fresh water delivery fee ($/Bbl)

$

4.31

4.37

0.06

1

%

Joint Venture Operating Data:

Processing—Joint Venture (MMcf)

144,520

153,560

9,040

6

%

Fractionation—Joint Venture (MBbl)

3,640

3,640

*

Processing—Joint Venture (MMcf/d)

1,588

1,687

99

6

%

Fractionation—Joint Venture (MBbl/d)

40

40

*

*

Not meaningful or applicable.

(1)

The average realized fees for the three months ended June 30, 2025 include annual CPI-based adjustments of approximately 1.6%.

 

ANTERO MIDSTREAM CORPORATION

Condensed Consolidated Results of Segment Operations (Unaudited)

(In thousands)

Three Months Ended June 30, 2025

Gathering and

Water

Consolidated

Processing

Handling

Unallocated

Total

Revenues:

Revenue–Antero Resources

$

248,901

73,773

322,674

Revenue–third-party

466

466

Amortization of customer relationships

(9,272)

(8,396)

(17,668)

Total revenues

239,629

65,843

305,472

Operating expenses:

Direct operating

25,662

37,452

63,114

General and administrative (excluding equity-based
      compensation)

5,132

3,996

1,590

10,718

Equity-based compensation

7,229

3,893

285

11,407

Facility idling

375

375

Depreciation

19,336

14,028

33,364

Other operating expense, net

50

50

Total operating expenses

57,359

59,794

1,875

119,028

Operating income

182,270

6,049

(1,875)

186,444

Other income (expense):

Interest expense, net

(47,962)

(47,962)

Equity in earnings of unconsolidated affiliates

30,016

30,016

Total other income (expense)

30,016

(47,962)

(17,946)

Income before income taxes

212,286

6,049

(49,837)

168,498

Income tax expense

(43,985)

(43,985)

Net income and comprehensive income

$

212,286

6,049

(93,822)

124,513

 

ANTERO MIDSTREAM CORPORATION

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

Six Months Ended June 30,

2024

2025

Cash flows provided by (used in) operating activities:

Net income

$

189,963

245,250

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

74,671

66,112

Impairment of property and equipment

817

Deferred income tax expense

64,924

76,493

Equity-based compensation

20,926

23,809

Equity in earnings of unconsolidated affiliates

(55,127)

(58,036)

Distributions from unconsolidated affiliates

68,930

68,730

Amortization of customer relationships

35,336

35,336

Amortization of deferred financing costs

3,150

2,621

Settlement of asset retirement obligations

(414)

(258)

Loss on early extinguishment of debt

13,750

Other operating activities

1,470

94

Changes in assets and liabilities:

Accounts receivable–Antero Resources

(12,641)

3,557

Accounts receivable–third party

755

304

Other current assets

452

(195)

Accounts payable–Antero Resources

(353)

166

Accounts payable–third party

3,387

1,750

Income taxes payable

989

Accrued liabilities

17,188

(3,414)

Net cash provided by operating activities

426,367

464,125

Cash flows provided by (used in) investing activities:

Additions to gathering systems, facilities and other

(62,330)

(43,094)

Additions to water handling systems

(16,142)

(24,168)

Additional investments in unconsolidated affiliate

(5,078)

Acquisition of gathering systems and facilities

(70,634)

Other investing activities

684

6

Net cash used in investing activities

(148,422)

(72,334)

Cash flows provided by (used in) financing activities:

Dividends to common stockholders

(220,736)

(224,134)

Dividends to preferred stockholders

(275)

(275)

Repurchases of common stock

(45,340)

Issuance of Senior Notes

600,000

Redemption of Senior Notes

(560,862)

Payments of deferred financing costs

(7,274)

Borrowings on Credit Facility

1,006,400

567,500

Repayments on Credit Facility

(1,080,800)

(662,500)

Employee tax withholding for settlement of equity-based compensation awards

(14,464)

(27,042)

Net cash used in financing activities

(278,011)

(391,791)

Net decrease in cash and cash equivalents

(66)

Cash and cash equivalents, beginning of period

66

Cash and cash equivalents, end of period

$

Supplemental disclosure of cash flow information:

Cash paid during the period for interest

88,672

93,416

Cash paid during the period for income taxes

2,600

Increase in accrued capital expenditures and accounts payable for property and equipment

2,576

9,795

 

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SOURCE Antero Midstream Corporation

Fermi America™ to Partner with Hyundai Engineering & Construction to Develop Nuclear Component of World’s Largest, First-of-its Kind, Private Grid for Next-Generation AI

  • Hyundai E&C has successfully completed 22 nuclear projects to date with four additional ongoing projects
  • Partnership to expedite timelines given Hyundai E&C’s experience and proven track record
  • Signals Fermi America’s ability to deliver on audacious private grid plan

AMARILLO, Texas, July 30, 2025 /PRNewswire/ — Fermi America, in partnership with the Texas Tech University System, took a significant step today announcing it has entered into a memorandum of understanding (MOU) with South Korea’s Hyundai Engineering & Construction to plan and develop the nuclear component of what is designed to be the world’s largest, first-of-its kind private grid to power next-generation AI.

Hyundai E&C boasts an impressive track record, having built 18 reactors in Korea as well as four reactors at the Barakah Nuclear Power Plant in the United Arab Emirates. Two more reactors are currently under construction in Korea and two additional reactors are in the engineering phase in Bulgaria. The Barakah project stands as one of the most successful and timely international nuclear programs in recent history, delivering all four units safely, within budget, and ahead of global expectations.

The two companies signed the MOU in Seoul, South Korea, setting forth the material terms under which the parties will jointly design and execute the delivery of safe, clean new nuclear power within the world’s largest private grid project offering combined-cycle natural gas, grid power, solar power, and battery energy storage including data center infrastructure to deliver up to 11 GW of power.

This MOU provides for the joint planning of a nuclear-based hybrid energy project, development of a detailed business package by project stage, feasibility studies, basic design (FEED) and EPC projects.

“We couldn’t be more pleased to partner with the team at Hyundai E&C to power the future of AI,” stated Fermi America co-founder Toby Neugebauer. “America doesn’t have time to practice – we need to work with proven partners like Hyundai, who have a successful track record of planning and building safe, clean, new nuclear energy. Welcome to Texas!”

“We have been impressed by the executive team Fermi America has assembled, bringing together seasoned leaders in their respective fields,” said Hyundai E&C CEO Hanwoo Lee. “We are especially pleased to see familiar faces in nuclear leadership from one of the most successful recent new build projects, and we look forward to working together to bring this ambitious vision to life.”

On June 17th, Fermi America submitted its Combined Operating License Application (COLA) to build AP1000 nuclear units in the U.S. The application was accepted for review in record time. With Hyundai E&C on board, Fermi America plans to begin construction on the nuclear power complex next year and aims to have the first reactor operational by 2032.

For media inquiries, please contact:
Lexi Swearingen
Media@FermiAmerica.com

About Fermi America ™

Fermi America ™ is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, Fermi combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world’s largest, next-gen private grid. The behind-the-meter campus is expected to integrate the largest nuclear power complex in America, the nation’s biggest combined-cycle natural gas project, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.

About Hyundai Engineering & Construction

Hyundai E&C, founded in 1947, is one of Korea’s leading construction companies, with a strong track record in delivering major infrastructure and nuclear power projects worldwide. With experience constructing 26 nuclear power units globally, Hyundai E&C has established itself as a trusted and proven player in the global nuclear industry. The company is actively enhancing its capabilities in next-generation nuclear technologies and is expanding its portfolio to include Small Modular Reactors (SMRs). In addition, Hyundai E&C is broadening its expertise across renewable energy, hydrogen infrastructure, and low-carbon construction, positioning itself as a reliable Energy Transition Leader committed to building a more sustainable and resilient energy future.

About the Texas Tech University System

Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.

Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).

In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook,” or “continue” or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management’s current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. The MOU referenced in this release is non-binding, and the parties intend to enter into a definitive agreement in the coming weeks.

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SOURCE Fermi America

USA and UN Face-off on Climate and Energy Ideology in New Reports says Friends of Science Society

The US Department of Energy (DOE) issued a new climate science report while the US EPA plans to rescind the “CO2 endangerment” finding which is a key pillar in climate dogma and the push for decarbonization through EVs and renewables, says Friends of Science Society.  At the same time, the UN issued a report on “supercharging” the new era of renewables and electrification.

CALGARY, AB, July 30, 2025 /PRNewswire/ — As the COP30 Climate Conference in Belem, Brazil approaches in November, the United States continues to dismantle climate dogma by this week issuing a new climate report that challenges the ‘consensus’ and taking steps to rescind the “CO2 endangerment” finding, a key pillar of Net Zero policies, says Friends of Science Society.  In a new video, Friends of Science Society advocates for a “Race FROM Net Zero.”

The US will garner a competitive edge in world trade and manufacturing by rescinding the EPA finding, which reportedly was “used to justify over $1 trillion in regulations,” says Friends of Science.  According to the announcement today by Lee Zedlin, EPA Administrator, the US auto industry will shake off 16 years of uncertainty and will save more than $54 billion per year in hidden taxes. Consumers will be able to choose a gas-fuelled or EV – unlike Canadian consumers who face a target of 100% zero-emission vehicles by 2035.

This year is the 10th anniversary of the 2015 Paris Agreement, to which most countries of the world are signatory. They agreed to reduce greenhouse gas emissions in order to keep global average temperatures well below 2 degrees Celsius above pre-industrial temperatures and pursue efforts to limit the increase to 1.5 degrees Celsius.  Subsequently, the Race to Net Zero became popularized at COP 26. Further analysis has shown that Net Zero is not possible, as discussed by Prof. Michael J. Kelly.

Far from being a year of celebration, Friends of Science Society says climate advocates were shocked at the Trump administration’s immediate withdrawal of the US from the Paris Agreement and his Declaration of an Energy Emergency.

Two recent reports, one from the US DOE on climate science and another from the UN on “Supercharging clean energy to repair humankind’s relationship with climate,” couldn’t be more different in their climate and energy world views, says Friends of Science Society.

The US DOE report featured a handful of scientists, some of whom Friends of Science Society has hosted over the years as guest speakers for their annual events.  Past speakers include John ChristyRoy Spencer and Ross McKitrick.

Two other scientists, who authored the new US report, are Judith Curry and Steve Koonin. They have recently authored new books on climate science and policy. 

US Energy Secretary Chris Wright opens the US Climate Science report, noting that “What I’ve found is that media coverage often distorts the science. Many people walk away with a view of climate change that is exaggerated or incomplete. To provide clarity and balance, I asked a diverse team of independent experts to critically review the current state of climate science, with a focus on how it relates to the United States.”

By contrast, the UN report titled “Seizing the moment of opportunity; Supercharging the new energy era of renewables, efficiency and electrification” is filled with hyperbole and faulty logic, says Friends of Science Society.  For instance, the UN report pushes for tripling renewables while phasing out fossil fuels.  As Vaclav Smil pointed out in IEEE Spectrum, “To get wind power, you need oil.”

The UN report improbably advises artificial intelligence (AI) data centre companies that they must employ 100% renewables.  Wind and solar are expensive and unreliable, completely unsuited for the high energy demand of AI says Friends of Science Society.

The challenges of AI for a Net Zero focussed country are brought home in, “Big Tech’s Climate Performance and Policy Implications for the UK.”  The UK has the highest electricity prices in the world, largely due to the massive addition of renewables.  According to the report, the UK also lacks capacity to hook up consumers.  By contrast, Secretary Chris Wright is proactively establishing AI sites on federal land with appropriate infrastructure development, determined to provide “secure, reliable baseload power,” says Friends of Science Society.

 About

Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).

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SOURCE Friends of Science Society

Arup announces new leaders as the firm kicks off plans to accelerate growth across the Americas

New Americas leadership team appointed to drive strategic expansion and deepen impact across the United States, Canada, and Colombia

LOS ANGELES, July 30, 2025 /PRNewswire/ — Arup, a global leader in engineering, consulting, and design for the built environment, today announced the appointment of Scott Russell as Managing Director of the firm’s Americas region. “As Managing Director, my focus is winning and delivering the kind of work that solves our clients’ hardest problems and embodies our values and purpose,” said Scott Russell. “I look forward to partnering with our teams across the Americas to ensure we’re delivering meaningful, future-focused solutions for our clients and communities.”

Russell’s appointment is part of a broader evolution in the region’s leadership team. Joining him are Melissa Burton as Americas Total Design Leader and Jenny Buckley as Americas Business and Markets Leader, among others. These new appointments and roles reflect the firm’s commitment to technical excellence and innovation through Total Design, Arup’s integrated approach to solving complex challenges and creating lasting impact.

Melissa Burton, Americas Total Design Leader, said:
“Total Design encourages us to consider the challenges our clients are facing from multiple perspectives and enables us to integrate those perspectives to develop effective, practical, and affordable solutions. Our greatest strength lies in the breadth of talent across Arup, and I’m committed to deepening our technical expertise so we can continue to lead with creativity and purpose.”

Jenny Buckley, Americas Business and Markets Leader, said:
“My focus is ensuring Arup remains a differentiated, trusted partner in a rapidly evolving marketplace. By leveraging our multidisciplinary strengths, we can deliver bold, forward-thinking solutions that meet the diverse needs of our clients and set new standards across the industry.”

The new leaders will drive Arup’s continued impact across the Americas, shaping key infrastructure and services for cities across the region. With a focus on growth and innovation, the firm is expanding its presence across key sectors, including energy, water, transportation, healthcare, science, industry, technology, commercial real estate, arts, culture, entertainment, sports, leisure, and public works.

Additional members of the new Americas leadership team include:

  • Nigel Nicholls, Americas Performance and Operations Leader
  • Sarah Rosen, Americas People and Culture Leader
  • Carolyn Poirier, Americas Chief Financial Officer
  • Gillian Blake, Americas Transport Market Portfolio Leader (including Rail, Roads and streets, Aviation, and Maritime)
  • Omid Nakhaei, Americas Property, Science and Industry and Manufacturing Market Portfolio Leader (including also Data centers, Healthcare, Arts and Culture, Sport, and Education)
  • Brian Raine, Americas Energy, Water, and Resources Market Portfolio Leader
  • Gregory Giammalvo, Americas East Leader (overseeing offices in New York, New Jersey, Boston, Washington DC, and Chicago)
  • Alex Lofting, Americas West Leader (overseeing offices in Los Angeles, San Francisco, Oakland, and Seattle)
  • Sean Meadows, Canada Leader (overseeing offices in Toronto, Montréal, Ottawa, and Calgary)
  • Federico Torres Jimenez, Americas South Leader (overseeing offices in Houston, Dallas, and Bogotá)

For more information on the leaders, please visit www.arup.com/news/arup-announces-new-leaders-as-the-firm-kicks-off-plans-to-accelerate-growth-across-the-americas/.

About Arup
Arup is a global built environment consultancy providing advisory and technical expertise across more than 150 disciplines. With over 18,000 members – from engineers to planners – we create safe, resilient and regenerative spaces where people can thrive. We bring Total Design, a creative and collaborative approach that is helping us shape a better world, to our work. https://www.arup.com/

CONTACT: Jackie Wei Green, Jackie.Wei-Green@arup.com

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SOURCE Arup

See’s Candies® Brings Joy to Dogs in Need Through New Partnership with 15/10 Foundation

New and Limited-Edition Treats and Toys to Honor Furry Friends

SAN FRANCISCO, July 30, 2025 /PRNewswire/ — Shelter dogs are getting their moment to shine this August, with the help of See’s Candies. For the third year running, the company is celebrating DOGust, the universal birthday for shelter dogs observed on August 1, with a heartwarming charitable collaboration. This year, See’s is teaming up with the 15/10 Foundation to launch a month-long campaign that will raise awareness to find forever homes for shelter dogs while directly funding medical care for pups who might otherwise be overlooked due to their health conditions.

“Our mission is: ‘We bring Joy.’ Dogs bring joy, and adopting dogs gives joy, so partnering to support adopting dogs was an obvious choice,” said Pat Egan, President and CEO of See’s. “I’ve always been passionate about rescue dogs, so I know firsthand that these amazing animals just need someone to give them a chance.”

See’s was spurred to participate in DOGust in 2022 and have had great feedback and engagement from both customers and employees.

“We are proud to support the 15/10 Foundation and give those with medical needs the same shot at happiness that rescue dogs bring every day. There’s nothing better than seeing a pet who was overlooked find the loving home they’ve been waiting for.” Egan also volunteers when he can at his local shelter, the Peninsula Humane Society and See’s has supported animal rescue programs with volunteer time and contributions for several years.

Adding even more bark to the bite, See’s is introducing NEW DOGust packaging with a festive, pup-themed design available in shops for one-pound boxes and online with one-pound Assorted Chocolates or Nuts & Chews. The purchase of See’s one-pound boxes with this special design also contributes to See’s donation to 15/10 Foundation, plus customers can include an additional donation in shops if desired.

This year’s donation will directly sponsor shelter dogs through the 15/10 Foundation, covering their complete medical and behavioral care, and helping them find permanent homes. Fans can follow the transformation stories of Jennie, Beau, Kam and an adorable litter of puppies on social media.

The DOGust celebration extends beyond donations, with limited-edition products designed to spread joy to both customers and their four-legged friends. Starting August 1, exclusive products will be available both online and in See’s shops. Customers can fetch the NEW Doggie-ettes plush squeaky toy, inspired by See’s iconic Toffee-ettes® tin, for $6 with the purchase of a one, two, three or five-pound box of candy, or of course, See’s classic one-pound Toffee-eettes® tin. The Plush Squeaky Dog Toy will also be sold separately for $12.

Because treats are better shared, customers that visit a shop for their free sample with their loyal companions will also receive a complimentary “S” Medallion dog biscuit. Customers can also participate online and are encouraged to spread awareness of DOGust by sharing photos of their pups and tagging @seescandies and @1510foundation for a chance to win a special giveaway bundle.

Together, See’s and 15/10 Foundation are bringing joy this DOGust—one piece of chocolate, one dog, one smile at a time.

About See’s Candies
For over 100 years, See’s Candies has been dedicated to making candy Mary See’s way. American made, famous for deliciousness, with the friendliest customer service—since 1921. Founded and headquartered in sunny California, See’s Candies has expanded from one candy shop to over 250 shops across America and a flourishing online store. For more information visit https://www.sees.com. 

About 15/10 Foundation
The 15/10 Foundation partners with rescue organizations who are already identifying dogs in shelters with medical issues. Once sponsorship is granted, the Foundation will cover all basic medical expenses (i.e. vaccines, microchip, spay/neuter) and their sponsored pre-existing condition(s) for the remainder of the dog’s life.15/10 raises funds primarily through weekly fundraisers, individual donors, and a monthly membership program. Our goal is to ensure that dogs with medical and behavioral needs, often the most vulnerable of the shelter population, have the best opportunity to live a happy and healthy life. We aim to remove the hurdles for rescues to take on these cases, and the impediments to adoption due to financial constraints.

 


See’s Candies® Brings Joy to Dogs in Need Through New Partnership with 15/10 Foundation

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SOURCE See’s Candies

AMERICA’S TRUE SIGNING DAY GETS NATIONAL RECOGNITION IN MAJOR 250TH ANNIVERSARY EVENT

Ohio’s Perry’s Victory Memorial Hosts Declaration 250 Event

PUT-IN-BAY, Ohio, July 30, 2025 /PRNewswire/ — As the United States prepares to celebrate the 250th anniversary of its founding, the Lake Erie Heritage Foundation (LEHF), in cooperation with the Perry Group, announces a national event spotlighting a pivotal yet overlooked moment in American history. On August 2, 2026, thousands will gather at Perry’s Victory and International Peace Memorial on South Bass Island in Ohio for “Declaration 250,” a national signing ceremony honoring the actual date, August 2, 1776, when 56 patriots signed the Declaration of Independence, transforming words into personal pledges of liberty.

July 4 declared our independence, but August 2 enacted it,” said David Zavagno, LEHF spokesperson. “August 2 is the day America signed its name to freedom, and it’s time we commemorate one of the most important dates in our nation’s history.”

August 2 is America’s signature moment,” Zavagno stated. “As we honor our past, we’re inviting every American to make history again by standing up and signing on. This is more than a resigning celebration; it is a reaffirmation of the ideals that forged our nation. There is no more fitting place than Perry’s Monument to gather, reflect and recommit to the promise of the Declaration.”

Perry’s Memorial commemorates the 1813 Battle of Lake Erie, a crucial victory that helped America defend the independence first declared in 1776, representing the ongoing fight to preserve liberty. 

The two-day celebration in the village of Put-In-Bay will feature living history performances, keynote speakers and community leaders from across the nation. Nationally syndicated radio host, Hugh Hewitt, will be the master of ceremonies, and The Ohio State University Marching Band will perform. All members of the United State Congress will be invited to physically sign the ceremonial 250th anniversary Declaration of Independence. The event will culminate with a fireworks display. Schools, veterans, historical groups and civic organizations are encouraged to participate in this once-in-a-generation event.

By signing the Declaration of Independence – an act of high treason against the British Crown – the 56 signers risked their lives. Benjamin Franklin captured the gravity when he warned, “We must, indeed, all hang together, or most assuredly we shall all hang separately.” The cost proved real: five signers were captured, tortured and killed. Nine died from war wounds or hardships, and all faced violence, ravaged homes and endangered families. They starved, lost battles and likely questioned whether their ideals were worth plunging a nation into suffering. Then, unexpectedly, they won.

Ohio stands as a symbol of the enduring spirit of freedom, unity and resolve. It is the birthplace of eight U.S. presidents and has long served as a bellwether for the nation’s conscience and commitment to democracy. In the historic defense of liberty, Ohio contributed more soldiers per capita to the Union cause during the Civil War than any other state. “Declaration 250” continues this legacy by bringing the nation together at Perry’s Memorial to honor the courage that founded our republic and the resolve that has preserved it.

For more information or to get involved, visit https://lakeerieheritage.org/.

About America250
America250’s mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America’s semi-quincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country and renew our commitment to the ideals of democracy through programs that educate, engage and unite us as a nation.

About Lake Erie Heritage Foundation
The Lake Erie Heritage Foundation is committed to preserving and promoting the rich cultural legacy of Lake Erie together with surrounding communities. Leading with information, educational experiences, environmental updates, engaging events and meaningful commemorations, the organization strives to encourage all generations to explore the history that shaped the region-from the fight for American independence to the defining moments of the War of 1812 and beyond.

Media Contact:
Joe Mosbrook
216-375-2141
mosbrook@acclaimllc.com 

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SOURCE Lake Erie Heritage Foundation

FedEx Team Members Inspire Creativity and Environmental Stewardship in Children Through Nature Art

TOKYO, July 30, 2025 /3BL/ – Federal Express Corporation, one of the world’s largest express transportation companies, has helped bring the beauty of nature and the power of creativity to children from care homes in the Greater Tokyo Area. The Back to Nature program, organized by the local nonprofit Mirai no Mori and held in Mitake in western Tokyo, offered FedEx volunteers a unique opportunity to connect with children through a day of immersive, nature-based craft activities.

During this one-day program, participants worked collaboratively to gather materials along the Tama River, and brainstorm ideas to create distinctive works of nature art. The volunteers encouraged the children to explore their creativity while sharing insights on the importance of environmental stewardship.

“At FedEx, we are committed to investing in the well-being of our communities, and enhancing the local environment,” said Kei Alan Kubota, managing director of FedEx Japan. “We believe that experiences in nature not only boost creativity and teamwork but also instill a lasting sense of environmental responsibility. These values will benefit these children throughout their lives, nurturing them into thoughtful and engaged members of society.”

In Japan, about 23,000 children live in care homes due to various circumstances. [1] The Back to Nature program is designed to provide empowering experiences and learning opportunities for these children through outdoor activities such as hiking, forestry, and rafting. These activities aim to equip the children with the confidence and resilience needed for a successful transition into adulthood, particularly after they leave the care system and must navigate life independently. This initiative is part of the FedEx Cares global community engagement program.

To learn more about FedEx Cares initiatives, visit here.

[1] Japan Children and Families Agency

Click here to learn about FedEx Cares, our global community engagement program.

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