NewzIntel.com

Category: Natural Disasters

  • MIL-OSI USA: SPC Tornado Watch 182

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL2

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 182
    NWS Storm Prediction Center Norman OK
    400 PM CDT Mon Apr 28 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Western Oklahoma
    West-Central Texas

    * Effective this Monday afternoon and evening from 400 PM until
    1100 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered large hail and isolated very large hail events to 3
    inches in diameter likely
    Scattered damaging winds likely with isolated significant gusts
    to 75 mph possible

    SUMMARY…Thunderstorms will intensify rapidly this afternoon in a
    very unstable environment. Very large hail and damaging winds are
    the primary threat. However, there is some concern for a few
    tornadoes during the early evening.

    The tornado watch area is approximately along and 65 statute miles
    east and west of a line from 60 miles south southeast of Big Spring
    TX to 40 miles north of Oklahoma City OK. For a complete depiction
    of the watch see the associated watch outline update (WOUS64 KWNS
    WOU2).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 180…WW 181…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 3 inches. Extreme turbulence and surface wind
    gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    SEL2

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 182
    NWS Storm Prediction Center Norman OK
    400 PM CDT Mon Apr 28 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Western Oklahoma
    West-Central Texas

    * Effective this Monday afternoon and evening from 400 PM until
    1100 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered large hail and isolated very large hail events to 3
    inches in diameter likely
    Scattered damaging winds likely with isolated significant gusts
    to 75 mph possible

    SUMMARY…Thunderstorms will intensify rapidly this afternoon in a
    very unstable environment. Very large hail and damaging winds are
    the primary threat. However, there is some concern for a few
    tornadoes during the early evening.

    The tornado watch area is approximately along and 65 statute miles
    east and west of a line from 60 miles south southeast of Big Spring
    TX to 40 miles north of Oklahoma City OK. For a complete depiction
    of the watch see the associated watch outline update (WOUS64 KWNS
    WOU2).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 180…WW 181…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 3 inches. Extreme turbulence and surface wind
    gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW2
    WW 182 TORNADO OK TX 282100Z – 290400Z
    AXIS..65 STATUTE MILES EAST AND WEST OF LINE..
    60SSE BGS/BIG SPRING TX/ – 40N OKC/OKLAHOMA CITY OK/
    ..AVIATION COORDS.. 55NM E/W /33W SJT – 27SE END/
    HAIL SURFACE AND ALOFT..3 INCHES. WIND GUSTS..65 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 31410221 35979876 35979644 31410001

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU2.

    Watch 182 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Mod (40%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (20%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Mod (30%)

    Hail

    Probability of 10 or more severe hail events

    High (70%)

    Probability of 1 or more hailstones > 2 inches

    Mod (60%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (>95%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

  • MIL-OSI Security: Virginia Man Sentenced for Firearm and Ammunition Charges

    Source: Office of United States Attorneys

    BOSTON – A Virginia man was sentenced today in federal court in Boston for being a felon in possession of a firearm and ammunition.  

    Ted Therrien, 54, of Newport News, Va., was sentenced by U.S. District Court Judge Nathaniel M. Gorton to time served (356 days) plus two weeks in prison, to be followed by two years of supervised release. In November 2024, Therrien pleaded guilty to one count of being a felon in possession of a firearm and ammunition.

    According to court documents, on or around July 30, 2021, when boarding a commercial fishing vessel in Fairhaven, Mass., Therrien unlawfully possessed a Ruger .40 caliber semi-automatic pistol and at least nine rounds of Remington .40 caliber ammunition. While on board the fishing vessel, after an argument with fellow crew members, Therrien discharged the firearm into the air. The U.S. Coast Guard was called and removed him from the fishing vessel. Therrien is prohibited from possessing a firearm or ammunition due to a prior felony conviction.  

    United States Attorney Leah B. Foley and Steven Firth, Special Agent in Charge of Coast Guard Investigative Service, Northeast Region made the announcement today. Valuable assistance was provided by the United States Marshals Service and the Fairhaven Police Department. Assistant U.S. Attorney Elianna Nuzum of the Criminal Division prosecuted the case. 
     

    MIL Security OSI –

  • MIL-OSI Security: 2 felons sentenced for illegal reentry into the country

    Source: Office of United States Attorneys

    McALLEN, Texas – Two foreign nationals have been ordered to federal prison for returning to the United States without authorization, announced U.S. Attorney Nicholas J. Ganjei.

    Porfirio Martinez-Santos, 55, Mexico, pleaded guilty Dec. 17, 2024, while Juan Esteban Zelaya-Hernandez, 42, Honduras, admitted his guilt Jan. 31.

    Chief U.S. District Judge Randy Crane has now ordered Martinez-Santos and Zelaya-Hernandez to serve 42 and 21 months in federal prison, respectively. At their hearings, the court heard additional evidence regarding both men’s criminal histories. Zelaya-Hernandez has two convictions from 2023 for possession of a firearm by a felon and illegal reentry. In handing down the sentences, Judge Crane noted Martinez-Santos had previously served a 37-month sentence for illegal reentry.

    Both are again expected to face removal proceedings following their prison terms.

    Law enforcement found Martinez-Santos near Cuevitas Oct. 4, 2024, while they discovered Zelaya-Hernandez near La Homa the following month. Both had claimed they had illegally entered the United States on the same day of their respective discoveries near Hidalgo.

    The investigation revealed Zelaya-Hernandez had been ordered removed in August 2024 after serving a federal prison sentence for two felonies. Martinez-Santos was removed in 2023.

    Both men have been and will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    Border Patrol conducted the investigations. Assistant U.S. Attorney Avery Benitez prosecuted the cases.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

    MIL Security OSI –

  • MIL-OSI Security: Saugus Man Sentenced to 15 Years in Prison for Drug Conspiracy Involving Tens of Thousands of Counterfeit Pills and Firearm Offense

    Source: Office of United States Attorneys

    BOSTON – A Saugus man was sentenced today in federal court in Boston for a drug conspiracy involving tens of thousands of counterfeit pills containing methamphetamine, pills containing fentanyl and a firearm offense.

    Aaron Lenardis, 38, was sentenced by U.S. District Court Judge Leo T. Sorokin to 15 years in prison, to be followed by five years of supervised release. In November 2024, Lenardis was convicted by a federal jury of conspiracy to possess with intent to distribute 500 grams or more of methamphetamine and 40 grams or more of fentanyl; one count of possession with intent to distribute 500 grams or more of methamphetamine and 40 grams or more of fentanyl; and one count of being a felon in possession of firearms and ammunition. In February 2023, Lenardis was indicted along with co-conspirator Charles Bates.

    In August 2022, an investigation began into Bates after he ordered 50 kilograms of an orange binding agent commonly used to make counterfeit Adderall pills, which he was observed picking up at a UPS store in Boston. Bates brought the binding agent to Lenardis’s house in Saugus, where he and Lenardis used it to manufacture counterfeit pills using a pill press.

    Throughout September 2022 and October 2022, Bates exchanged text messages with drug customers and associates in which he spoke about pills that are “made to order,” described being physically present at the place where the pills were made—Lenardis’s house—and “watching the guy work so no corners have been cut.” Bates described the pill press being used for 20 hours at a time and producing 5,000 pills per hour. In total, the offense involved at least 136,000 counterfeit pills containing methamphetamine, equivalent to approximately 40 kilograms of such pills.  

    After the pill press broke, Bates traveled to Pawtucket, R.I. to obtain a replacement. Bates and Lenardis were observed carrying the replacement pill press into Lenardis’ residence in Saugus.

    A search of Lenardis’ residence in Saugus on Oct. 25, 2022 resulted in the seizure of an industrial pill press; 14 firearms including a Glock outfitted to operate as a machinegun; at least 1.85 kilograms of pills; powder containing methamphetamine; at least 87.6 grams of pills and powder containing fentanyl and “M30” stamps commonly used to manufacture counterfeit pills.

    In November 2024, Bates was sentenced to 10 years in prison to be followed by five years of supervised release.

    United States Attorney Leah B. Foley and Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Division made the announcement today. Assistant U.S. Attorneys Samuel R. Feldman and Charles Dell’Anno of the Narcotics & Money Laundering Unit prosecuted the case.        

    MIL Security OSI –

  • MIL-OSI Security: Operation Smoke and Mirrors Update: Jackson County Man Sentenced to 10 Years in Prison for Role in Methamphetamine Trafficking Organization

    Source: Office of United States Attorneys

    CHARLESTON, W.Va. – Mark Leslie Lively, 58, of Kenna, was sentenced today to 10 years in prison, to be followed by five years of supervised release, for conspiracy to distribute 50 grams or more of methamphetamine and possession with intent to distribute 50 grams or more of methamphetamine.

    A federal jury convicted Lively on July 17, 2024, following a two-day trial. Evidence at trial proved that Lively participated in a drug trafficking organization (DTO) that operated in the Charleston area from about November 2022 to in or about March 2023. Members of the DTO conspiracy commonly obtained their controlled substances on consignment, paying their suppliers with proceeds from distributing them to customers. On February 2, 2023, law enforcement officers watched Funderburk and Lively meet in an alley near Washington Street West in Charleston, where Funderburk provided approximately 138 grams of methamphetamine to Lively.

    As Lively drove away from the meeting place, a law enforcement officer conducted a traffic stop of Lively’s vehicle and requested the assistance of a police K-9 unit. The police K-9 alerted to the presence of controlled substances in the vehicle. The officer searched Lively’s vehicle and seized the methamphetamine hidden underneath the dashboard.

    The evidence at trial established that Lively intended to distribute the methamphetamine that he received from Funderburk.

    Lively has a long criminal history that now includes 34 criminal convictions, with at least eight of those prior convictions for felony offenses.

    “The defendant is a hardened criminal who has shown time and again that if he is on the streets, he is committing crimes,” said Acting United States Attorney Lisa G. Johnston. “After decades of failing to curb his lawlessness, he participated in a large-scale drug trafficking organization that caused untold harm to the community. Today’s sentence will spare the community further harm by this defendant for an extended period of time.”

    Lively and Funderburk are among 31 individuals convicted as a result of Operation Smoke and Mirrors, a major drug trafficking investigation that has yielded the largest methamphetamine seizure in West Virginia history. Law enforcement seized well over 400 pounds of methamphetamine as well as 40 pounds of cocaine, 3 pounds of fentanyl, 19 firearms and $935,000 in cash.

    Funderburk, 39, of Charleston, was sentenced on October 3, 2024, to 13 years and six months in prison, to be followed by four years of supervised release, for conspiracy to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine, conspiracy to distribute a quantity of cocaine, conspiracy to distribute a quantity of fentanyl, and for violating supervised release. Funderburk is among 30 of the defendants who pleaded guilty.

    Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the U.S. Department of Homeland Security-Homeland Security Investigations (HSI), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the U.S. Postal Inspection Service, the Metropolitan Drug Enforcement Network Team (MDENT), the West Virginia State Police, the West Virginia National Guard Counter Drug program, the Kanawha County Sheriff’s Office, the Charleston Police Department, the Putnam County Sheriff’s Office and the Raleigh County Sheriff’s Office. MDENT is composed of the Charleston Police Department, the Kanawha County Sheriff’s Office, the Putnam County Sheriff’s Office, the Nitro Police Department, the St. Albans Police Department and the South Charleston Police Department.

    United States District Judge Thomas E. Johnston imposed the sentence. Assistant United States Attorney Jeremy B. Wolfe prosecuted the case.

    The investigation was part of the Department of Justice’s Organized Crime Drug Enforcement Task Force (OCDETF). The program was established in 1982 to conduct comprehensive, multilevel attacks on major drug trafficking and money laundering organizations and is the keystone of the Department of Justice’s drug reduction strategy. OCDETF combines the resources and expertise of its member federal agencies in cooperation with state and local law enforcement. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking organizations, transnational criminal organizations and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:23-cr-31.

    ###

     

    MIL Security OSI –

  • MIL-OSI: CVR Energy Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • First quarter net loss attributable to CVR Energy stockholders of $123 million; EBITDA loss of $61 million; adjusted EBITDA of $24 million
    • First quarter loss per diluted share of $1.22 and adjusted loss per diluted share of 58 cents
    • CVR Energy will not pay a cash dividend for the first quarter of 2025
    • CVR Partners announced a cash distribution of $2.26 per common unit

    SUGAR LAND, Texas, April 28, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced first quarter 2025 net loss attributable to CVR Energy stockholders of $123 million, or $1.22 per diluted share, compared to first quarter 2024 net income attributable to CVR Energy stockholders of $82 million, or 81 cents per diluted share. Adjusted loss for the first quarter of 2025 was 58 cents per diluted share, compared to adjusted earnings per diluted share of 4 cents in the first quarter of 2024. Net loss for the first quarter of 2025 was $105 million, compared to net income of $90 million in the first quarter of 2024. First quarter 2025 EBITDA loss was $61 million, compared to first quarter 2024 EBITDA of $203 million. Adjusted EBITDA for the first quarter of 2025 was $24 million, compared to adjusted EBITDA of $99 million in the first quarter of 2024.

    “CVR Energy’s 2025 first quarter earnings results for its refining business were impacted by planned and unplanned downtime at the Coffeyville refinery,” said Dave Lamp, CVR Energy’s Chief Executive Officer. “With the turnaround at Coffeyville now completed, we are well-positioned for the upcoming driving season, and we currently have no planned turnarounds at either refinery until 2027.

    “CVR Partners achieved solid operating results for the first quarter of 2025, with a combined ammonia production rate of 101 percent,” Lamp said. “CVR Partners was pleased to declare a first quarter 2025 cash distribution of $2.26 per common unit.”

    Petroleum Segment

    The Petroleum Segment reported a first quarter 2025 net loss of $160 million and EBITDA loss of $119 million, compared to net income of $127 million and EBITDA of $171 million for the first quarter of 2024. Adjusted EBITDA loss for the Petroleum Segment was $30 million for the first quarter of 2025, compared to adjusted EBITDA of $67 million for the first quarter of 2024.

    Combined total throughput for the first quarter of 2025 was approximately 120,000 barrels per day (“bpd”) compared to approximately 196,000 bpd of combined total throughput for the first quarter of 2024. The decrease in throughput was primarily due to the turnaround at the Coffeyville, Kansas, refinery during the first quarter of 2025.

    Refining margin for the first quarter of 2025 was $(5) million, or (42) cents per total throughput barrel, compared to $290 million, or $16.29 per total throughput barrel, during the same period in 2024. Included in our first quarter 2025 refining margin were unfavorable mark-to-market impacts on our outstanding Renewable Fuel Standard (“RFS”) obligation of $112 million, favorable unrealized derivative impacts of $3 million primarily related to Canadian crude oil positions, and favorable inventory valuation impacts of $20 million. Excluding these items, adjusted refining margin for the first quarter of 2025 was $7.72 per barrel, compared to an adjusted refining margin per barrel of $10.46 for the first quarter of 2024. The decrease in adjusted refining margin per barrel was primarily due to a decrease in the Group 3 2-1-1 crack spread.

    Renewables Segment

    Effective beginning with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and due to the prominence of the renewables business relative to the Company’s overall 2024 performance, we revised our reportable segments to reflect a new reportable segment: Renewables. The Renewables Segment includes the operations of the renewable diesel unit and renewable feedstock pretreater at the refinery in Wynnewood, Oklahoma.

    The Renewables Segment reported first quarter 2025 net income of less than $1 million and EBITDA of $6 million, compared to net loss of $10 million and EBITDA loss of $4 million for the first quarter of 2024. Adjusted EBITDA for the Renewables Segment was $3 million for the first quarter of 2025, compared to adjusted EBITDA loss of $5 million for the first quarter of 2024.

    Total vegetable oil throughput for the first quarter of 2025 was approximately 156,000 gallons per day (“gpd”), compared to approximately 76,000 gpd for the first quarter of 2024.

    Renewables margin was $16 million, or $1.13 per vegetable oil throughput gallon, for the first quarter of 2025 compared to $4 million, or 65 cents per vegetable oil throughput gallon, for the first quarter of 2024. Factors contributing to our first quarter 2025 renewables margin were higher net sales of $33 million resulting from increased production and sales volumes in the current period coupled with increased D4 RIN and LCFS credit prices, partially offset by a decrease in average CARB ULSD prices of 26 cents per gallon. Higher net sales were partially offset by higher cost of sales of $22 million due to an increase in throughput and production volumes.

    Nitrogen Fertilizer Segment

    The Nitrogen Fertilizer Segment reported net income of $27 million and EBITDA of $53 million on net sales of $143 million for the first quarter of 2025, compared to net income of $13 million and EBITDA of $40 million on net sales of $128 million for the first quarter of 2024.

    Production at CVR Partners, LP’s (“CVR Partners”) fertilizer facilities increased compared to the first quarter of 2024, producing a combined 216,000 tons of ammonia during the first quarter of 2025, of which 64,000 net tons were available for sale while the rest was upgraded to other fertilizer products, including 348,000 tons of urea ammonia nitrate (“UAN”). During the first quarter of 2024, the fertilizer facilities produced a combined 193,000 tons of ammonia, of which 60,000 net tons were available for sale while the remainder was upgraded to other fertilizer products, including 305,000 tons of UAN.

    For the first quarter 2025, average realized gate prices for ammonia showed an increase compared to the prior year, up 5 percent to $554 per ton, and UAN was down 4 percent over the prior year to $256 per ton. Average realized gate prices for ammonia and UAN were $528 and $267 per ton, respectively, for the first quarter of 2024.

    Corporate and Other

    The Company reported an income tax benefit of $49 million, or 31.8 percent of loss before income taxes, for the three months ended March 31, 2025, compared to an income tax expense of $17 million, or 15.9 percent of income before income taxes, for the three months ended March 31, 2024. The decrease in income tax expense was primarily due to a decrease in overall pretax earnings while the change in the effective tax rate was primarily due to changes in pretax earnings attributable to noncontrolling interest and the impact of federal and state tax credits and incentives in relation to overall pretax earnings.

    Cash, Debt and Dividend

    Consolidated cash and cash equivalents were $695 million at March 31, 2025, a decrease of $292 million from December 31, 2024. Consolidated total debt and finance lease obligations were $1.9 billion at March 31, 2025, including $570 million held by the Nitrogen Fertilizer Segment.

    CVR Energy will not pay a cash dividend for the first quarter of 2025.

    Today, CVR Partners announced that the Board of Directors of its general partner declared a first quarter 2025 cash distribution of $2.26 per common unit, which will be paid on May 19, 2025, to common unitholders of record as of May 12, 2025.

    First Quarter 2025 Earnings Conference Call

    CVR Energy previously announced that it will host its first quarter 2025 Earnings Conference Call on Tuesday, April 29, at 1 p.m. Eastern. The Earnings Conference Call may also include discussion of Company developments, forward-looking information and other material information about business and financial matters.

    The first quarter 2025 Earnings Conference Call will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-server.com/mmc/p/uxpz7jf5. A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13752979.

    Forward-Looking Statements
    This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding future: continued safe and reliable operations; drivers of our results; EBITDA and Adjusted EBITDA; impacts of planned and unplanned downtime; our position for the upcoming driving season; timing of turnarounds and impacts thereof on our results; asset utilization, capture, production volume, throughput, product yield and crude oil gathering rates, including the factors impacting same; cash flow generation; operating income and net sales, including the factors impacting same; refining margin; crack spreads, including the drivers thereof; impact of costs to comply with the RFS and revaluation of our RFS liability; inventory levels and valuation impacts; derivative gains and losses and the drivers thereof; renewable feedstocks; production rates and operations capabilities of our renewable diesel unit, including the ability to return to hydrocarbon service; demand trends; RIN generation levels; benefits of our corporate transformation to segregate our renewables business; access to capital and new partnerships; RIN pricing, including its impact on performance and the Company’s ability to offset the impact thereof; LCFS credit and CARB ULSD pricing; carbon capture and decarbonization initiatives; demand for refined products; ammonia and UAN pricing; global fertilizer industry conditions; grain prices; crop inventory levels; crop and planting levels; production levels and utilization at our nitrogen fertilizer facilities; nitrogen fertilizer sales volumes; ability to and levels to which we upgrade ammonia to other fertilizer products, including UAN; income tax expense and benefits, including the drivers thereof; pretax earnings and our effective tax rate; the availability and impact of tax credits and incentives; use of proceeds under our debt instruments; debt levels; cash and cash equivalent levels; dividends and distributions, including the timing, payment and amount (if any) thereof; direct operating expenses, capital expenditures, depreciation and amortization; turnaround expense; cash reserves; labor supply shortages, difficulties, disputes or strikes, including the impact thereof; and other matters. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements, including (among others) the health and economic effects of any pandemic, demand for fossil fuels and price volatility of crude oil, other feedstocks and refined products; the ability of Company to pay cash dividends and of CVR Partners to make cash distributions; potential operating hazards; costs of compliance with existing or new laws and regulations and potential liabilities arising therefrom; impacts of the planting season on CVR Partners; our controlling shareholder’s intention regarding ownership of our common stock or CVR Partners’ common units; general economic and business conditions; political disturbances, geopolitical instability and tensions; existing and future laws, rulings, policies and regulations, including the reinterpretation or amplification thereof by regulators, and including but not limited to those relating to the environment, climate change, and/or the production, transportation, or storage of hazardous chemicals, materials, or substances, like ammonia; political uncertainty and impacts to the oil and gas industry and the United States economy generally as a result of actions taken by a new administration, including the imposition of tariffs or changes in climate or other energy laws, rules, regulations, or policies; impacts of plant outages; potential operating hazards from accidents, fires, severe weather, tornadoes, floods, wildfires, or other natural disasters; and other risks. For additional discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission (“SEC”) filings. These and other risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

    About CVR Energy, Inc.
    Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing business, as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners. CVR Energy subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners.

    Investors and others should note that CVR Energy may announce material information using SEC filings, press releases, public conference calls, webcasts and the Investor Relations page of its website. CVR Energy may use these channels to distribute material information about the Company and to communicate important information about the Company, corporate initiatives and other matters. Information that CVR Energy posts on its website could be deemed material; therefore, CVR Energy encourages investors, the media, its customers, business partners and others interested in the Company to review the information posted on its website.

    Contact Information:

    Investor Relations
    Richard Roberts
    (281) 207-3205
    InvestorRelations@CVREnergy.com

    Media Relations
    Brandee Stephens
    (281) 207-3516
    MediaRelations@CVREnergy.com

    Non-GAAP Measures

    Our management uses certain non-GAAP performance measures, and reconciliations to those measures, to evaluate current and past performance and prospects for the future to supplement our financial information presented in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures are important factors in assessing our operating results and profitability and include the performance and liquidity measures defined below.

    As a result of continuing volatile market conditions and the impacts certain non-cash items may have on the evaluation of our operations and results, the Company began disclosing the Adjusted Refining Margin non-GAAP measure, as defined below, in the second quarter of 2024. We believe the presentation of this non-GAAP measure is meaningful to compare our operating results between periods and better aligns with our peer companies. All prior periods presented have been conformed to the definition below.

    The following are non-GAAP measures we present for the periods ended March 31, 2025 and 2024:

    EBITDA – Consolidated net income (loss) before (i) interest expense, net, (ii) income tax expense (benefit) and (iii) depreciation and amortization expense.

    Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA – Segment net income (loss) before segment (i) interest expense, net, (ii) income tax expense (benefit), and (iii) depreciation and amortization.

    Refining Margin – The difference between our Petroleum Segment net sales and cost of materials and other.

    Adjusted Refining Margin – Refining Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Refining Margin and Adjusted Refining Margin, per Throughput Barrel – Refining Margin and Adjusted Refining Margin divided by the total throughput barrels during the period, which is calculated as total throughput barrels per day times the number of days in the period.

    Direct Operating Expenses per Throughput Barrel – Direct operating expenses for our Petroleum Segment divided by total throughput barrels for the period, which is calculated as total throughput barrels per day times the number of days in the period.

    Renewables Margin – The difference between our Renewables Segment net sales and cost of materials and other.

    Adjusted Renewables Margin – Renewables Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Renewables Margin and Adjusted Renewables Margin, per Vegetable Oil Throughput Gallon – Renewables Margin and Adjusted Renewables Margin divided by the total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

    Direct Operating Expenses per Vegetable Oil Throughput Gallon – Direct operating expenses for our Renewables Segment divided by total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

    Adjusted EBITDA, Petroleum Adjusted EBITDA, Renewables Adjusted EBITDA, and Nitrogen Fertilizer Adjusted EBITDA – EBITDA, Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Adjusted Earnings (Loss) per Share – Earnings (loss) per share adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

    Free Cash Flow – Net cash provided by (used in) operating activities less capital expenditures and capitalized turnaround expenditures.

    We present these measures because we believe they may help investors, analysts, lenders and ratings agencies analyze our results of operations and liquidity in conjunction with our U.S. GAAP results, including but not limited to our operating performance as compared to other publicly traded companies in the refining and fertilizer industries, without regard to historical cost basis or financing methods and our ability to incur and service debt and fund capital expenditures. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. See “Non-GAAP Reconciliations” included herein for reconciliation of these amounts. Due to rounding, numbers presented within this section may not add or equal to numbers or totals presented elsewhere within this document.

    Factors Affecting Comparability of Our Financial Results

    Petroleum Segment

    Our results of operations for the periods presented may not be comparable with prior periods or to our results of operations in the future due to capitalized expenditures as part of planned turnarounds. Total capitalized expenditures were $166 million and $39 million during the three months ended March 31, 2025 and 2024, respectively.

    CVR Energy, Inc.
    (all information in this release is unaudited)

    Consolidated Statement of Operations Data

      Three Months Ended
    March 31,
    (in millions, except per share data)   2025       2024  
    Net sales $ 1,646     $ 1,863  
    Operating costs and expenses:      
    Cost of materials and other   1,517       1,463  
    Direct operating expenses (exclusive of depreciation and amortization)   154       164  
    Depreciation and amortization   66       75  
    Cost of sales   1,737       1,702  
    Selling, general and administrative expenses (exclusive of depreciation and amortization)   37       36  
    Depreciation and amortization   2       1  
    Loss on asset disposal   1       1  
    Operating (loss) income   (131 )     123  
    Other (expense) income:      
    Interest expense, net   (25 )     (20 )
    Other income, net   2       4  
    (Loss) income before income tax benefit   (154 )     107  
    Income tax (benefit) expense   (49 )     17  
    Net (loss) income   (105 )     90  
    Less: Net income attributable to noncontrolling interest   18       8  
    Net (loss) income attributable to CVR Energy stockholders $ (123 )   $ 82  
           
    Basic and diluted (loss) earnings per share $ (1.22 )   $ 0.81  
    Dividends declared per share $ —     $ 0.50  
           
    Adjusted (loss) earnings per share * $ (0.58 )   $ 0.04  
    EBITDA * $ (61 )   $ 203  
    Adjusted EBITDA * $ 24     $ 99  
           
    Weighted-average common shares outstanding – basic and diluted   100.5       100.5  

    _______________
    * See “Non-GAAP Reconciliations” section below.

    Selected Consolidated Balance Sheet Data

    (in millions) March 31, 2025   December 31, 2024
    Cash and cash equivalents $ 695     $ 987  
    Working capital (inclusive of cash and cash equivalents)   395       726  
    Total assets   4,251       4,263  
    Total debt and finance lease obligations, including current portion   1,918       1,919  
    Total liabilities   3,480       3,375  
    Total CVR stockholders’ equity   580       703  
                   

    Selected Consolidated Cash Flow Data

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Net cash used in:      
    Operating activities $ (195 )   $ 177  
    Investing activities   (82 )     (55 )
    Financing activities   (15 )     (664 )
    Net decrease in cash, cash equivalents, and restricted cash $ (292 )   $ (542 )
           
    Free cash flow * $ (285 )   $ 121  

    _______________
    * See “Non-GAAP Reconciliations” section below.

    Selected Segment Data

      Three Months Ended March 31,
        2025       2024
    (in millions) Petroleum   Renewables   Nitrogen Fertilizer   Consolidated   Petroleum   Renewables   Nitrogen Fertilizer   Consolidated
    Net sales $ 1,477     $ 66   $ 143   $ 1,646     $ 1,722   $ 33     $ 128   $ 1,863
    Operating (loss) income   (161 )     —     35     (131 )     118     (10 )     20     123
    Net (loss) income   (160 )     —     27     (105 )     127     (10 )     13     90
    EBITDA *   (119 )     6     53     (61 )     171     (4 )     40     203
                                   
    Capital expenditures (1)                              
    Maintenance $ 41     $ —   $ 4   $ 45     $ 22   $ 1     $ 5   $ 30
    Growth   8       —     2     10       14     7       —     21
    Total capital expenditures $ 49     $ —   $ 6   $ 55     $ 36   $ 8     $ 5   $ 51

    _______________
    * See “Non-GAAP Reconciliations” section below.
    (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures.

    Selected Balance Sheet Data

      March 31, 2025   December 31, 2024
    (in millions) Petroleum   Renewables   Nitrogen Fertilizer   Consolidated   Petroleum   Renewables   Nitrogen Fertilizer   Consolidated
    Cash and cash equivalents (1) $ 434   $ 20   $ 122   $ 695   $ 735   $ 13   $ 91   $ 987
    Total assets   3,297     422     1,014     4,251     3,288     420     1,019     4,263
    Total debt and finance lease obligations, including current portion (2)   352     —     570     1,918     354     —     569     1,919

    _______________
    (1) Corporate cash and cash equivalents consisted of $119 million and $148 million at March 31, 2025 and December 31, 2024, respectively.
    (2) Corporate total debt and finance lease obligations, including current portion consisted of $996 million and $996 million at March 31, 2025 and December 31, 2024, respectively.

    Petroleum Segment

    Key Operating Metrics per Total Throughput Barrel

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Refining margin * $ (0.42 )   $ 16.29  
    Adjusted refining margin *   7.72       10.46  
    Direct operating expenses *   8.58       5.78  

    _______________
    * See “Non-GAAP Reconciliations” section below.

    Refining Throughput and Production Data by Refinery

    Throughput Data Three Months Ended
    March 31,
    (in bpd)   2025       2024  
    Coffeyville              
    Gathered crude   26,728       62,405  
    Other domestic   12,348       45,925  
    Canadian   640       9,532  
    Condensate   —       7,700  
    Other feedstocks and blendstocks   6,330       12,569  
    Wynnewood              
    Gathered crude   58,420       43,059  
    Other domestic   573       —  
    Condensate   10,152       10,262  
    Other feedstocks and blendstocks   5,186       4,340  
    Total throughput   120,377       195,792  
                   
    Production Data Three Months Ended
    March 31,
    (in bpd)   2025       2024  
    Coffeyville      
    Gasoline   18,940       72,723  
    Distillate   20,233       56,007  
    Other liquid products   6,324       4,554  
    Solids   1,321       4,980  
    Wynnewood      
    Gasoline   39,740       31,984  
    Distillate   24,948       19,166  
    Other liquid products   5,058       5,563  
    Solids   11       6  
    Total production   116,575       194,983  
           
    Crude utilization (1)   52.7 %     86.6 %
    Light product yield (as % of crude throughput) (2)   95.4 %     100.6 %
    Liquid volume yield (as % of total throughput) (3)   95.7 %     97.0 %
    Distillate yield (as % of crude throughput) (4)   41.5 %     42.0 %

    _______________
    (1) Total Gathered crude, Other domestic, Canadian, and Condensate throughput (collectively, “Total Crude Throughput”) divided by consolidated crude oil throughput capacity of 206,500 bpd.
    (2) Total Gasoline and Distillate divided by Total Crude Throughput.
    (3) Total Gasoline, Distillate, and Other liquid products divided by total throughput.
    (4) Total Distillate divided by Total Crude Throughput.

    Key Market Indicators

      Three Months Ended
    March 31,
        2025       2024  
    West Texas Intermediate (WTI) NYMEX $ 71.42     $ 76.91  
    Crude Oil Differentials to WTI:      
    Brent   3.56       4.85  
    WCS (heavy sour)   (12.45 )     (16.91 )
    Condensate   (0.64 )     (0.83 )
    Midland Cushing   1.10       1.59  
    NYMEX Crack Spreads:      
    Gasoline   16.83       22.55  
    Heating Oil   28.46       36.87  
    NYMEX 2-1-1 Crack Spread   22.64       29.71  
    PADD II Group 3 Product Basis:      
    Gasoline   (2.81 )     (9.97 )
    Ultra-Low Sulfur Diesel   (7.19 )     (10.35 )
    PADD II Group 3 Product Crack Spread:      
    Gasoline   14.02       12.58  
    Ultra-Low Sulfur Diesel   21.27       26.51  
    PADD II Group 3 2-1-1   17.65       19.55  
                   

    Renewables Segment

    Key Operating Metrics per Vegetable Oil Throughput Gallon

      Three Months Ended
    March 31,
        2025       2024  
    Renewables margin * $ 1.13     $ 0.65  
    Adjusted renewables margin *   0.94       0.47  
    Direct operating expenses *   0.48       0.84  

    _______________
    * See “Non-GAAP Reconciliations” section below.

    Renewables Throughput and Production Data

      Three Months Ended March 31,
    (in gallons per day)   2025       2024  
    Throughput Data      
    Corn Oil   19,503       31,295  
    Soybean Oil   136,440       44,362  
           
    Production Data      
    Renewable diesel   144,189       62,594  
           
    Renewable utilization (1)   61.9 %     30.0 %
    Renewable diesel yield (as % of corn and soybean oil throughput)   92.5 %     82.7 %

    _______________
    (1) Total corn and soybean oil throughput divided by total renewable throughput capacity of 252,000 gallons per day.

    Key Market Indicators

      Three Months Ended
    March 31,
        2025       2024  
    Chicago Board of Trade (CBOT) soybean oil (dollars per pound) $ 0.44     $ 0.47  
    Midwest crude corn oil (dollars per pound)   0.47       0.55  
    CARB ULSD (dollars per gallon)   2.41       2.66  
    NYMEX ULSD (dollars per gallon)   2.38       2.71  
    California LCFS (dollars per metric ton)   66.12       63.53  
    Biodiesel RINs (dollars per RIN)   0.79       0.58  
                   

    Nitrogen Fertilizer Segment

      Three Months Ended
    March 31,
    (percent of capacity utilization)   2025       2024  
    Ammonia utilization rate (1)   101 %     90 %

    _______________
    (1) Reflects our ammonia utilization rate on a consolidated basis. Utilization is an important measure used by management to assess operational output at each of CVR Partners’ facilities. Utilization is calculated as actual tons produced divided by capacity. We present our utilization for the three months ended March 31, 2025 and 2024 and take into account the impact of our current turnaround cycles on any specific period. Additionally, we present utilization solely on ammonia production rather than each nitrogen product as it provides a comparative baseline against industry peers and eliminates the disparity of plant configurations for upgrade of ammonia into other nitrogen products. With our efforts being primarily focused on ammonia upgrade capabilities, this measure provides a meaningful view of how well we operate.

    Sales and Production Data

      Three Months Ended
    March 31,
        2025       2024  
    Consolidated sales volumes (thousands of tons):      
    Ammonia   60       70  
    UAN   336       284  
           
    Consolidated product pricing at gate (dollars per ton): (1)      
    Ammonia $ 554     $ 528  
    UAN   256       267  
           
    Consolidated production volume (thousands of tons):      
    Ammonia (gross produced) (2)   216       193  
    Ammonia (net available for sale) (2)   64       60  
    UAN   348       305  
           
    Feedstock:      
    Petroleum coke used in production (thousands of tons)   131       128  
    Petroleum coke used in production (dollars per ton) $ 42.43     $ 75.71  
    Natural gas used in production (thousands of MMBtus) (3)   2,159       2,148  
    Natural gas used in production (dollars per MMBtu) (3) $ 4.62     $ 3.10  
    Natural gas in cost of materials and other (thousands of MMBtus) (3)   1,605       1,765  
    Natural gas in cost of materials and other (dollars per MMBtu) (3) $ 4.63     $ 3.49  

    _______________
    (1) Product pricing at gate represents sales less freight revenue divided by product sales volume in tons and is shown in order to provide a pricing measure that is comparable across the fertilizer industry.
    (2) Gross tons produced for ammonia represent total ammonia produced, including ammonia produced that was upgraded into other fertilizer products. Net tons available for sale represent ammonia available for sale that was not upgraded into other fertilizer products.
    (3) The feedstock natural gas shown above does not include natural gas used for fuel. The cost of fuel natural gas is included in direct operating expense.

    Key Market Indicators

      Three Months Ended
    March 31,
        2025       2024  
    Ammonia — Southern plains (dollars per ton) $ 562     $ 567  
    Ammonia — Corn belt (dollars per ton)   618       598  
    UAN — Corn belt (dollars per ton)   324       292  
           
    Natural gas NYMEX (dollars per MMBtu) $ 3.87     $ 2.10  
                   

    Q2 2025 Outlook

    The table below summarizes our outlook for certain operational statistics and financial information for the second quarter of 2025. See “Forward-Looking Statements” above.

      Q2 2025
      Low   High
    Petroleum      
    Total throughput (bpd)   160,000       180,000  
    Crude utilization (1)   82 %     90 %
    Direct operating expenses (in millions) (2) $ 105     $ 115  
    Turnaround (in millions) (3)   15       20  
           
    Renewables      
    Total throughput (in millions of gallons)   16       20  
    Renewable utilization (4)   70 %     87 %
    Direct operating expenses (in millions) (2) $ 8     $ 10  
           
    Nitrogen Fertilizer      
    Ammonia utilization rate   93 %     97 %
    Direct operating expenses (in millions) (2) $ 57     $ 62  
           
    Capital Expenditures (in millions) (3)      
    Petroleum $ 35     $ 40  
    Renewables   2       4  
    Nitrogen Fertilizer   18       22  
    Other   1       3  
    Total capital expenditures $ 56     $ 69  

    _______________
    (1) Represents crude oil throughput divided by consolidated crude oil throughput capacity of 206,500 bpd.
    (2) Direct operating expenses are shown exclusive of depreciation and amortization, turnaround expenses, and inventory valuation impacts.
    (3) Turnaround and capital expenditures are disclosed on an accrual basis.
    (4) Represents renewable feedstock throughput divided by total renewable throughput capacity of 252,000 gallons per day.

    Non-GAAP Reconciliations

    Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Net (loss) income $ (105 )   $ 90  
    Interest expense, net   25       20  
    Income tax (benefit) expense   (49 )     17  
    Depreciation and amortization   68       76  
    EBITDA   (61 )     203  
    Adjustments:      
    Revaluation of RFS liability, unfavorable (favorable)   112       (91 )
    Unrealized (gain) loss on derivatives, net   (3 )     24  
    Inventory valuation impacts, favorable   (24 )     (37 )
    Adjusted EBITDA $ 24     $ 99  
                   

    Reconciliation of Basic and Diluted (Loss) Earnings per Share to Adjusted (Loss) Earnings per Share

      Three Months Ended
    March 31,
        2025       2024  
    Basic and diluted (loss) earnings per share $ (1.22 )   $ 0.81  
    Adjustments: (1)      
    Revaluation of RFS liability, unfavorable (favorable)   0.84       (0.67 )
    Unrealized (gain) loss on derivatives, net   (0.03 )     0.18  
    Inventory valuation impacts, favorable   (0.17 )     (0.28 )
    Adjusted (loss) earnings per share $ (0.58 )   $ 0.04  

    _______________
    (1) Amounts are shown after-tax, using the Company’s marginal tax rate, and are presented on a per share basis using the weighted average shares outstanding for each period.

    Reconciliation of Net Cash (Used In) Provided By Operating Activities to Free Cash Flow

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Net cash (used in) provided by operating activities $ (195 )   $ 177  
    Less:      
    Capital expenditures   (51 )     (47 )
    Capitalized turnaround expenditures   (43 )     (12 )
    Return of equity method investment   4       3  
    Free cash flow $ (285 )   $ 121  
                   

    Reconciliation of Petroleum Segment Net (Loss) Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Petroleum net (loss) income $ (160 )   $ 127  
    Interest (income) expense, net   —       (4 )
    Depreciation and amortization   41       48  
    Petroleum EBITDA   (119 )     171  
    Adjustments:      
    Revaluation of RFS liability, unfavorable (favorable)   112       (91 )
    Unrealized (gain) loss on derivatives, net   (3 )     24  
    Inventory valuation impacts, favorable (1)   (20 )     (37 )
    Petroleum Adjusted EBITDA $ (30 )   $ 67  
                   

    Reconciliation of Petroleum Segment Gross (Loss) Profit to Refining Margin and Adjusted Refining Margin

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Net sales $ 1,477     $ 1,722  
    Less:      
    Cost of materials and other   (1,482 )     (1,432 )
    Direct operating expenses (exclusive of depreciation and amortization)   (93 )     (103 )
    Depreciation and amortization   (41 )     (48 )
    Gross (loss) profit   (139 )     139  
    Add:      
    Direct operating expenses (exclusive of depreciation and amortization)   93       103  
    Depreciation and amortization   41       48  
    Refining margin   (5 )     290  
    Adjustments:      
    Revaluation of RFS liability, unfavorable (favorable)   112       (91 )
    Unrealized (gain) loss on derivatives, net   (3 )     24  
    Inventory valuation impacts, favorable (1)   (20 )     (37 )
    Adjusted refining margin $ 84     $ 186  
           
    Total throughput barrels per day   120,377       195,792  
    Days in the period   90       91  
    Total throughput barrels   10,833,969       17,817,099  
           
    Refining margin per total throughput barrel $ (0.42 )   $ 16.29  
    Adjusted refining margin per total throughput barrel   7.72       10.46  
    Direct operating expenses per total throughput barrel   8.58       5.78  

    _______________
    (1) The Petroleum Segment’s basis for determining inventory value under GAAP is First-In, First-Out (“FIFO”). Changes in crude oil prices can cause fluctuations in the inventory valuation of crude oil, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when crude oil prices increase and an unfavorable inventory valuation impact when crude oil prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

    Reconciliation of Renewables Segment Net Income (Loss) to EBITDA and Adjusted EBITDA

      Three Months Ended March 31,
    (in millions)   2025       2024  
    Renewables net income (loss) $ —     $ (10 )
    Depreciation and amortization   6       6  
    Renewables EBITDA   6       (4 )
    Adjustments:      
    Inventory valuation impacts, favorable (1)   (3 )     (1 )
    Renewables Adjusted EBITDA $ 3     $ (5 )
                   

    Reconciliation of Renewables Segment Gross Profit (Loss) to Renewables Margin and Adjusted Renewables Margin

      Three Months Ended March 31,
    (in millions, except throughput data)   2025       2024  
    Net sales $ 66     $ 33  
    Less:      
    Cost of materials and other   50       29  
    Direct operating expenses (exclusive of depreciation and amortization)   6       5  
    Depreciation and amortization   6       6  
    Gross profit (loss)   4       (7 )
    Add:      
    Direct operating expenses (exclusive of depreciation and amortization)   6       5  
    Depreciation and amortization   6       6  
    Renewables margin   16       4  
    Inventory valuation impacts, favorable (1)   (3 )     (1 )
    Adjusted renewables margin $ 13     $ 3  
           
    Total vegetable oil throughput gallons per day   155,943       75,657  
    Days in the period   90       91  
    Total vegetable oil throughput gallons   14,034,826       6,884,761  
           
    Renewables margin per vegetable oil throughput gallon $ 1.13     $ 0.65  
    Adjusted renewables margin per vegetable oil throughput gallon   0.94       0.47  
    Direct operating expenses per vegetable oil throughput gallon   0.48       0.84  

    _______________
    (1) The Renewables Segment’s basis for determining inventory value under GAAP is FIFO. Changes in renewable diesel and renewable feedstock prices can cause fluctuations in the inventory valuation of renewable diesel, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when renewable diesel prices increase and an unfavorable inventory valuation impact when renewable diesel prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

    Reconciliation of Nitrogen Fertilizer Segment Net Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    March 31,
    (in millions)   2025       2024  
    Nitrogen Fertilizer net income $ 27     $ 13  
    Interest expense, net   8       8  
    Depreciation and amortization   18       19  
    Nitrogen Fertilizer EBITDA and Adjusted EBITDA $ 53     $ 40  
                   

    The MIL Network –

  • MIL-OSI Europe: Russia must provide its response on Ukraine ceasefire

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Excerpts from statements to the press by M. Emmanuel Macron, President of the Republic, from Madagascar (Antananarivo, April 24, 2025)

    (Check against delivery)

    (…)

    A few moments ago, in your speech here, you denounced “the mad armies that want to seize little bits of land”. However, a few minutes ago President Zelenskyy said the pressure on Russia isn’t strong enough, at a time when the United States is obviously preparing to recognize Crimea as Russian. Is peace getting further away today?

    THE PRESIDENT – First of all, I don’t want to speak for anyone. As you know, France’s position is steadfast. It won’t change. We’re in favour of the sovereignty of peoples and territorial integrity, respecting international law. Moreover, there are no double standards for France. That applies to Ukraine, it applies to the Middle East and it applies to the African continent. And I pride myself on that position.

    So we’ll continue to uphold the Ukrainian people’s right to live in peace on their territory and within their internationally-recognized borders. That’s why we’ve always condemned the Russian war of aggression.

    We’re at a moment when I hope peace can be built, and I want to pay tribute to the efforts made by US diplomacy. But I also want to remind you of the facts. There’s an aggressor, Russia, and an aggressee, Ukraine. A few weeks ago, under American impetus, President Zelenskyy made an incredible gesture. He said: “I agree to an unconditional ceasefire”.

    The only thing we have to ensure, the only thing – I repeated this to President Trump, to whom I spoke two days ago during the night – is for President Putin to finally stop lying. When President Putin talks to the US negotiators, he tells them: “I want peace.” When he talks to the whole planet, he says: “I personally want peace.” He continues to bomb Ukraine. He continues to kill people in Ukraine. There’s only one reply we’re waiting for. Does President Putin agree to an unconditional ceasefire? The Americans have proposed it, the Europeans support it, and President Zelenskyy has said yes. If President Putin says yes, the weapons fall silent tomorrow and lives are saved. The international community has just one thing to do, and America’s irritation should focus on only one person: President Putin. He must answer the question he’s asking him. Then we’ll be able to build a just, solid, lasting, robust peace – in other words, a peace that makes it possible to find territorial concessions and solid security guarantees.

    But as I speak, it’s not as if nothing had happened in the past few weeks. The Americans have proposed something, the Ukrainians have said yes, and we support it. Now Russia must provide its response. If Russia says, I’m not ready for a ceasefire, it will have lied to the US President, it will have lied to all those it told it wanted peace, and we’ll have to act accordingly. If it says yes, we’ll have a ceasefire tomorrow. (…)

    Are you going to speak to President Trump?

    THE PRESIDENT – I spoke to him 24 hours ago, the night before yesterday.

    Do you think he can modify his position? Or is he sticking with positions that are difficult to reconcile with those of the Europeans?

    THE PRESIDENT – He wants to find agreements, and I completely respect him. He wants a comprehensive peace agreement – he’s the negotiator too. But let me put things back in the right order. There can be no peace agreement if there isn’t already an agreement on what he’s got from President Zelenskyy, which was a huge step forward by President Zelenskyy.

    I say this very emphatically here: the first step, the one that – if I can put it like this – marks the beginning of everything, is the unconditional ceasefire that the Russians must accept.

    So, no freezing of the ceasefire line, of the current front line?

    THE PRESIDENT – But all the other issues are issues that come under a peace negotiation, which must subsequently be carried out, and they’ll take into account the military positions, the territorial issues and the security issues. But you can’t ask for this or that to be accepted while Russia continues bombing Kyiv. Put yourself in President Zelenskyy’s shoes: do you think he can make gestures of openness when his capital is currently being bombed? Let’s be reasonable. (…)

    When Donald Trump says that Ukraine lost Crimea years ago, is he wrong? Is he playing into Russia’s hands?

    THE PRESIDENT – No, he’s describing a factual situation. But is it our job to describe a factual situation? Since 2014, an army has conquered a territory, totally illegally, through violence and by killing people. That’s describing a factual situation, what he’s saying. Does that mean we should approve of it? No, in any case, not now. And it isn’t for us to do so, as I’ve always said, it’s up to Ukraine and its representatives to say that. So our collective job – which is what President Trump has committed to do – is to say “ceasefire”. (…)./.

    MIL OSI Europe News –

  • MIL-OSI USA: SPC Tornado Watch 181

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 181
    NWS Storm Prediction Center Norman OK
    325 PM CDT Mon Apr 28 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Northern Iowa
    Central and Southeast Minnesota
    Western Wisconsin

    * Effective this Monday afternoon and evening from 325 PM until
    1100 PM CDT.

    * Primary threats include…
    A few tornadoes and a couple intense tornadoes likely
    Widespread large hail and scattered very large hail events to 3
    inches in diameter likely
    Scattered damaging winds likely with isolated significant gusts
    to 75 mph possible

    SUMMARY…A line of intense thunderstorms over western Minnesota
    will track northeastward across the watch area through the evening.
    Very large hail and a few tornadoes are the primary concerns.
    Strong tornadoes are also possible.

    The tornado watch area is approximately along and 65 statute miles
    east and west of a line from 95 miles north northeast of Minneapolis
    MN to 20 miles southeast of Fort Dodge IA. For a complete depiction
    of the watch see the associated watch outline update (WOUS64 KWNS
    WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 180…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 3 inches. Extreme turbulence and surface wind
    gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW1
    WW 181 TORNADO IA MN WI 282025Z – 290400Z
    AXIS..65 STATUTE MILES EAST AND WEST OF LINE..
    95NNE MSP/MINNEAPOLIS MN/ – 20SE FOD/FORT DODGE IA/
    ..AVIATION COORDS.. 55NM E/W /41SSW DLH – 23SE FOD/
    HAIL SURFACE AND ALOFT..3 INCHES. WIND GUSTS..65 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 46149110 42349265 42349520 46149382

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU1.

    Watch 181 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    High (70%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Mod (60%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Mod (30%)

    Hail

    Probability of 10 or more severe hail events

    High (80%)

    Probability of 1 or more hailstones > 2 inches

    High (80%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (>95%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

  • MIL-OSI USA: Honoring Fallen New York State Workers

    Source: US State of New York

    overnor Kathy Hochul today announced the New York State Department of Labor marked Workers’ Memorial Day by holding a ceremony to pay tribute to public service employees who passed away while serving New York State. The New York State Department of Health is launching a social media and awareness campaign in May to remind employers and employees about strategies to stay safe on the job. Additionally, the New York State Department of Transportation and Thruway Authority, joined by State and local partners, will host a Workers Memorial Day ceremony to honor fallen highway and transportation workers Tuesday at the New York State Fairgrounds.

    “Our shared commitment to public service is the foundation of who we are as New Yorkers, and today we pay tribute to the men and women who gave their lives for a better world,” Governor Hochul said. “From laborers to law enforcement, and from firefighters, health care workers to transportation employees, our public servants hold together the fabric of our society. We owe an extraordinary debt of gratitude for their sacrifice to New York State.”

    The New York State Department of Labor (NYSDOL) marked Workers’ Memorial Day by holding a ceremony to pay tribute to public service employees who passed away while serving New York State. The families of the deceased met privately with NYSDOL Commissioner Roberta Reardon prior to the ceremony and then joined her at the event. The names of the fallen workers can be viewed on this online memorial webpage. The memorial serves as a permanent reminder of the importance of NYSDOL’s mission to enforce safety and health protections to all public sector employees.

    New York State Department of Labor Commissioner Roberta Reardon said, “We honor our colleagues who lost their lives while serving the people of New York by vowing to remain vigilant in our work to keep workers safe. The Department of Labor will continue to ensure proper safety precautions and practices are in place to protect our public workers while on the job at worksites across New York State.”

    NYSDOL enforces standards to protect public sector employers, which includes State, county and local governments. It also covers public authorities, school districts and fire departments. Additionally, NYSDOL responds to deaths related to occupational safety and health, accidents that send two or more public employees to the hospital, and investigates complaints from public employees or their representatives. The bureau also inspects public employer work sites and provides technical assistance during statewide emergencies. For more information about services, including its free on-site consultations, visit this webpage. If a public worker or their representatives feel a safety of health violation is present at their workplace, they are encouraged to file a complaint.

    New York State Health Commissioner Dr. James McDonald said, “Even though fatality rates are improving, work-related illnesses, injuries and deaths still happen far too often. These preventable tragedies are devastating for the impacted families, friends, coworkers, and communities. By taking proactive safety prevention measures, employers can better ensure the overall health and safety of their workers.

    The New York State Department of Health is launching a social media and awareness campaign in May to remind employers and employees about strategies to stay safe on the job. This year’s campaign focuses on fall prevention and ladder safety. To help prevent injuries, employers are encouraged to take steps to prioritize safety as a core value and establish clear health and safety policies and training programs. Effective worker safety programs identify on-the-job hazards and establish proper controls and comply with New York State Occupational Safety and Health (OSHA) regulations.

    According to the most recent fatality data for New York State for 2023, the fatality rate for workers in New York State continues on the downward trend with 2.8 deaths per 100,000 full-time workers.

    There were a total of 246 fatal traumatic work injuries in New York State in 2023, many of which were preventable. A traumatic work injury is an injury sustained on the job due to an acute, identifiable event, such as a fall, machinery accident, assault or exposure.

    Research data indicates that there were also more than 7,000 deaths that occurred in 2023 from work-related diseases and illnesses, such as work-related cancers, circulatory diseases related to desk work. Additionally, more than 190,000 recordable nonfatal injuries occur each year in New York State workplaces which can potentially become precursors to future fatal incidents.

    The leading events contributing to deaths in all of New York State in 2023 were transportation incidents, which accounted for more than one-third of all work-related deaths. This includes motor vehicle collisions and incidents where pedestrian workers were struck by vehicles. Other major events included falls (especially from heights) and exposures to harmful substances or environments, such as unintentional drug overdoses, exposures to extreme heat or cold, electrocutions and exposures to chemicals.

    Out of the 246 deaths in New York State in 2023, 220 were male (89 percent) and 26 (11 percent) were female. Older workers aged 55 and over made up 40 percent of all fatal occupational injuries in 2023. The fatal injury rate for workers aged 65 and over is almost double that for all workers.

    Foreign-born workers make up almost 35 percent of all worker deaths in New York State. Hispanic and Latino workers represented 26 percent of all worker deaths in New York State in 2023. The fatal injury rate for this group is 1.4 times the rate for all workers.

    The New York State Department of Health collects this information to help researchers gain a better understanding of occupational fatalities and to provide employers and workers with the knowledge they need to stay safe on the job. Staff conduct in-depth investigations of worker deaths to determine what went wrong and to develop better injury prevention guidance and training programs that will assist in hazard identification and assessment procedures.

    Staff at the State Health Department collaborate with vulnerable workers, employers and worker advocates to develop guidelines and training programs to help reduce worker injury and fatalities. Learn more at health.ny.gov/worksafe.

    New York State Department of Transportation Commissioner Marie Therese Dominguez said, “Our dedicated highway and transportation workers perform their jobs in dangerous situations so that all New Yorkers can go about our daily travels safely and efficiently. Tragically, some of them never returned home. It is entirely appropriate that on Workers Memorial Day we honor their service and their sacrifice and recommit ourselves to doing everything we can to keep these public servants safe. Why? Because safety is everyone’s responsibility, and I urge all New Yorkers to please, put your phone down and pay attention when you are driving and slow down and move over in work zones. Lives are literally at stake.”

    New York State Thruway Authority Executive Director Frank G. Hoare said, “In its 70+ year history, the Thruway Authority has lost 22 dedicated employees while on the job, two in the last year. Our Maintenance employees embody the heart and soul of this organization. Roadside workers risk their lives every day to ensure the safety of all drivers on the road, and on this Workers’ Memorial Day, we remember the fallen and honor their commitment and sacrifice to the State of New York.”

    The New York State Department of Transportation and Thruway Authority, joined by State and local partners, will host a Workers Memorial Day ceremony to honor fallen highway and transportation workers Tuesday at the New York State Fairgrounds. A total of 58 members of the NYSDOT family and 22 Thruway employees have been killed while on the job over the course of the history of the two organizations. The memorial event will include the ceremonial unveiling of hat and vest displays for Vincent “Vinny” Giammarva and Stephen “Steve” Ebling, two New York State Thruway Authority employees who lost their lives in highway work zone incidents in 2024.

    The AFL-CIO first declared April 28 “Workers’ Memorial Day” in 1989 in remembrance of the working people killed and injured on the job every year. The Occupational Safety and Health Act of 1970, which established the OSHA, went into effect on April 28, 1971.

    New York State AFL-CIO President Mario Cilento said, “On Workers Memorial Day, we pause to remember and honor the workers who lost their lives on the job and reaffirm our unwavering promise to fight to improve workplace safety. Workers have a fundamental right to a safe job as promised when the Occupational Safety and Health Act was enacted. No worker should lose their life or become ill while performing their job, and no family should have to grieve the loss of a loved one due to preventable and avoidable hazardous working conditions. The New York State AFL-CIO is committed to fighting with every ounce of its existence to ensure that every worker is as safe as possible in every workplace throughout our state. That is the only way we can truly honor those we have lost.”

    Civil Service Employees Association President Mary E. Sullivan said, “Today, all of CSEA stands together to honor the public employees who made the ultimate sacrifice in service to our communities. Their dedication, courage, and commitment to the people of New York will never be forgotten. As we remember them, we renew our promise to fight for safer workplaces, respect for all workers, and the dignity they so deeply deserve. In their memory, we move forward, stronger and more determined than ever.”

    New York State Public Employees Federation President Wayne Spence said, “There is no such thing as a workplace accident – nearly all on-the-job fatalities could and should be prevented. On this Workers’ Memorial Day, we honor and remember those who died or suffered injury or illness while at work, and we continue the call to action to fight for safer jobs. PEF has always been on the front lines of protecting worker health and safety and we remain committed to making sure every worker goes home at the end of their shift.”

    MIL OSI USA News –

  • MIL-OSI Security: Huntington Man Sentenced to Prison for Federal Gun Crime

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    HUNTINGTON, W.Va. – Michael Vernon Pinson Jr., 30, of Huntington, was sentenced today to one year and six months in prison, to be followed by three years of supervised release, for being a felon in possession of a firearm.

    According to court documents and statements made in court, on February 20, 2024, law enforcement officers responding to reports of an unresponsive male in a vehicle in Huntington encountered Pinson in the vehicle’s driver’s seat. Officers searched the vehicle during the encounter and found a loaded Taurus model PT111 Millennium Pro 9mm pistol in the vehicle.

    Federal law prohibits a person with a prior felony conviction from possessing a firearm or ammunition. Pinson knew he was prohibited from possessing a firearm because of his prior felony conviction for unlawful wounding in Cabell County Circuit Court on February 16, 2016.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Huntington Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    United States District Judge Robert C. Chambers imposed the sentence. Assistant United States Attorney Stephanie Taylor prosecuted the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 3:24-cr-149.

    ###

     

    MIL Security OSI –

  • MIL-OSI: Palomar Holdings, Inc. Announces First Quarter 2025 Financial Results Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    LA JOLLA, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its first quarter 2025 results after market close on Monday, May 5, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, May 6, 2025.

    The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the Palomar First Quarter 2025 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on May 6, 2025, and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13752911. The replay will be available until 11:59 p.m. (Eastern Time) on May 13, 2025.

    Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the investor relations section of the Company’s website at https://ir.palomarspecialty.com/. The online replay will remain available for a limited time beginning immediately following the call.

    About Palomar Holdings, Inc.

    Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd. (“PSRE”), Palomar Insurance Agency, Inc. (“PIA”), Palomar Excess and Surplus Insurance Company (“PESIC”), Palomar Underwriters Exchange Organization, Inc (“PUEO”), Palomar Crop Insurance Services, Inc, and First Indemnity of America Insurance Company (acquired 1/1/2025). Palomar’s consolidated results also include Laulima Reciprocal Exchange, a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar’s insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, have a financial strength rating of “A” (Excellent) from A.M. Best.

    To learn more, visit PLMR.com

    Follow Palomar on LinkedIn: @PLMRInsurance

    Contact
    Media Inquiries
    Lindsay Conner
    1-551-206-6217
    lconner@plmr.com

    Investor Relations
    Jamie Lillis
    1-203-428-3223
    investors@plmr.com   
    Source: Palomar Holdings, Inc.

    The MIL Network –

  • MIL-OSI: RBB Bancorp Reports First Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 28, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company,” announced financial results for the quarter ended March 31, 2025.

    First Quarter 2025 Highlights

    • Net income totaled $2.3 million, or $0.13 diluted earnings per share
    • Return on average assets of 0.24%, compared to 0.44% for the quarter ended December 31, 2024
    • Net interest margin expanded to 2.88%, up from 2.76% for the quarter ended December 31, 2024
    • Net loans held for investment growth of $89.8 million, or 12% annualized 
    • Nonperforming assets decreased $16.5 million, or 20.3%, to $64.6 million at March 31, 2025, down from $81.0 million at December 31, 2024
    • Book value and tangible book value per share(1) increased to $28.77 and $24.63 at March 31, 2025, up from $28.66 and $24.51 at December 31, 2024 

    The Company reported net income of $2.3 million, or $0.13 diluted earnings per share, for the quarter ended March 31, 2025, compared to net income of $4.4 million, or $0.25 diluted earnings per share, for the quarter ended December 31, 2024. First quarter of 2025 net income included $6.7 million in pre-tax provision for credit losses mostly related to reducing exposure to nonperforming loans, including higher specific reserves.

    “First quarter net income declined to $2.3 million, or 13 cents per share, as we took decisive action to address our nonperforming loans,” said David Morris, Chief Executive Officer of RBB Bancorp. “We reduced our net exposure to nonperforming loans to $51 million, including specific reserves, or 32% since year end. We remain focused on resolving our nonperforming loans as quickly as possible while minimizing the impact to earnings and capital and we think our actions in the first quarter reflect this.”

    “Our loan production was relatively strong during the first quarter driven by continued execution of our initiatives, which resulted in 12% annualized net loan growth. Our loan prospect pipeline continues to be healthy, and we anticipate loan growth to continue in the second quarter, albeit likely at a more moderate pace,” said Johnny Lee, President of RBB Bancorp and President and Chief Executive Officer of the Bank. “While the market environment is volatile, we have not observed significant signs of financial impact to our clients at this time.”

    (1 ) Reconciliations of the non–U.S. generally accepted accounting principles (“GAAP”) measures included at the end of this press release.

    Net Interest Income and Net Interest Margin

    Net interest income was $26.2 million for the first quarter of 2025, compared to $26.0 million for the fourth quarter of 2024. The $186,000 increase was due to a $2.4 million decrease in interest expense, offset by a $2.2 million decrease in interest income. The decrease in interest income was mostly due to the impact of fewer days in the quarter of $1.2 million and lower average excess liquidity (cash and cash equivalents and investment securities) of $1.5 million. The decrease in interest expense was mostly due to the impact of lower average funding rates of $1.5 million, fewer days in the quarter of $621,000 and lower average interest-bearing liabilities of $336,000. The $1.5 million attributed to lower average funding rates included $1.8 million due to a 29 basis point decrease in the average cost of interest-bearing deposits.

    The net interest margin (“NIM”) was 2.88% for the first quarter of 2025, an increase of 12 basis points from 2.76% for the fourth quarter of 2024. The NIM expansion was due to a 17 basis point decrease in the overall cost of funds, partially offset by a 3 basis point decrease in the yield on average interest-earning assets. The yield on average interest-earning assets decreased to 5.76% for the first quarter of 2025 from 5.79% for the fourth quarter of 2024 due mainly to a decrease in the yield on average cash and cash equivalents of 32 basis points and average loans of 2 basis points, partially offset by the benefit of a change in the mix in average-earning assets. Average loans represented 84% of average interest-earning assets in the first quarter of 2025, as compared to 82% in the fourth quarter of 2024.

    The average cost of funds decreased to 3.15% for the first quarter of 2025 from 3.32% for the fourth quarter of 2024, driven by a 29 basis point decrease in the average cost of interest-bearing deposits, partially offset by a 38 basis point increase in the average cost of borrowings. The average cost of interest-bearing deposits decreased to 3.77% for the first quarter of 2025 from 4.06% for the fourth quarter of 2024. During the first quarter of 2025, $150.0 million in Federal Home Loan Bank (“FHLB”) advances with an average cost of 1.18% matured and were largely replaced with $110.0 million in FHLB advances with various terms at an average rate of 3.88%. The overall funding mix for the first quarter of 2025 remained relatively unchanged from the fourth quarter of 2024 with total deposits representing 90% of the funding mix and average noninterest-bearing deposits representing 17% of average total deposits. The all-in average spot rate for total deposits was 3.06% at March 31, 2025.

    Provision for Credit Losses

    The provision for credit losses was $6.7 million for the first quarter of 2025 compared to $6.0 million for the fourth quarter of 2024. The first quarter of 2025 provision for credit losses was due to an increase in specific reserves of $2.8 million, net charge-offs of $2.6 million and an increase in general reserves of $1.3 million due mainly to net loan growth. The first quarter increase in specific reserves related mostly to two lending relationships. Net charge-offs included $1.4 million related to a bulk sale of $10.8 million in underperforming single-family residential (“SFR”) mortgage loans, of which $6.5 million were on nonaccrual at the end of the year, and $1.2 million related to an $8.8 million loan transferred to other real estate owned (“OREO”) and subsequently sold. Net charge-offs on an annualized basis represented 0.35% of average loans for the first quarter of 2025 compared to 0.26% for the fourth quarter of 2024. The first quarter provision also took into consideration factors such as changes in loan balances, the loan portfolio mix, the outlook for economic conditions and market interest rates, and changes in credit quality metrics, including changes in nonperforming loans, special mention and substandard loans during the period.

    Noninterest Income

    Noninterest income for the first quarter of 2025 was $2.3 million, a decrease of $434,000 from $2.7 million for the fourth quarter of 2024. This decrease was mostly due to the fourth quarter of 2024 including $258,000 of income from a Bank Enterprise Award grant (included in other income) and lower net gain on sale of loans as compared to the fourth quarter of 2024.

    Noninterest Expense

    Noninterest expense for the first quarter of 2025 was $18.5 million, an increase of $873,000 from $17.6 million for the fourth quarter of 2024. This increase was mostly due to higher salaries and employee benefits expense of $716,000 attributed to higher payroll taxes and annual pay increases, which are typically reflected in the first quarter of the year. The annualized noninterest expenses to average assets ratio was 1.90% for the first quarter of 2025, up from 1.76% for the fourth quarter of 2024. The efficiency ratio was 65.1% for the first quarter of 2025, up from 61.5% for the fourth quarter of 2024 due mostly to higher noninterest expense.

    Income Taxes

    The effective tax rate was 28.2% for the first quarter of 2025 and 13.3% for the fourth quarter of 2024. The increase in the effective tax rate for the first quarter was due in part to lower tax credits combined with higher estimated pre-tax net income for the full year of 2025 as compared to the prior quarter.2

    Balance Sheet

    At March 31, 2025, total assets were $4.0 billion, a $16.9 million increase compared to December 31, 2024, and a $131.4 million increase compared to March 31, 2024.

    Loan and Securities Portfolio

    Loans held for investment (“HFI”) totaled $3.1 billion as of March 31, 2025, an increase of $89.8 million, or 12% annualized, compared to December 31, 2024 and an increase of $115.7 million, or 3.8%, compared to March 31, 2024. The first quarter of 2025 net loan growth included $201 million in new production with an average yield of 6.77%. When loan sales, charge-offs, and foreclosures totaling $28.6 million are considered, the annualized first quarter net loan growth rate was 16%. The increase from December 31, 2024 was primarily due to a $51.8 million increase in SFR mortgage loans, a $44.0 million increase in commercial real estate (“CRE”) loans, a $6.0 million increase in commercial and industrial (“C&I”) loans and a $3.4 million increase in Small Business Administration (“SBA”) loans, partially offset by a $14.4 million decrease in construction and land development (“C&D”) loans. The loan to deposit ratio was 98.4% at March 31, 2025, compared to 97.5% at December 31, 2024 and 98.6% at March 31, 2024. 

    As of March 31, 2025, available for sale securities totaled $378.2 million, a decrease of $42.0 million from December 31, 2024, primarily related to the net decrease in short-term commercial paper of $41.4 million due to maturity and purchase activity during the first quarter of 2025. As of March 31, 2025, net unrealized losses totaled $25.0 million, a $4.2 million decrease, when compared to net unrealized losses of $29.2 million as of December 31, 2024.

    Deposits

    Total deposits were $3.1 billion as of March 31, 2025, an increase of $58.8 million, or 7.7% annualized, compared to December 31, 2024 and an increase of $114.3 million, or 3.8%, compared to March 31, 2024. The increase during the first quarter of 2025 was due to a $93.6 million increase in interest-bearing deposits, while noninterest-bearing deposits decreased $34.8 million. The increase in interest-bearing deposits included increases in non-maturity deposits of $58.2 million and time deposits of $35.5 million. Wholesale deposits totaled $158.5 million at March 31, 2025, and $147.5 million at December 31, 2024. Noninterest-bearing deposits totaled $528.2 million and represented 16.8% of total deposits at March 31, 2025 compared to $563.0 million and 18.3% at December 31, 2024.

    Credit Quality

    Nonperforming assets totaled $64.6 million, or 1.61% of total assets, at March 31, 2025, down from $81.0 million, or 2.03% of total assets, at December 31, 2024. The $16.5 million decrease in nonperforming assets was due to sales totaling $20.0 million and payoffs or paydowns of $1.8 million, partially offset by the addition of one $5.3 million CRE loan placed on nonaccrual status in the first quarter of 2025. Nonperforming assets included one $4.2 million OREO (included in “Accrued interest and other assets”) at March 31, 2025, which was a nonaccrual loan at December 31, 2024.

    Special mention loans totaled $64.3 million, or 2.05% of total loans, at March 31, 2025, down from $65.3 million, or 2.14% of total loans, at December 31, 2024. The $1.1 million decrease was primarily due to the upgrade of one $1.7 million CRE loan to a pass-rated loan, offset by the addition of one $578,000 C&I loan. All special mention loans are paying current.

    Substandard loans totaled $76.4 million at March 31, 2025, down from $100.3 million at December 31, 2024. This $24.0 million decrease was primarily due to loan sales totaling $11.7 million, transfers to OREO totaling $12.8 million, of which $8.8 million was subsequently sold during the first quarter of 2025, and payoffs and paydowns totaling $5.4 million, partially offset by the downgrade of two loans totaling $6.2 million. Of the total substandard loans at March 31, 2025, there were $16.0 million on accrual status.

    30-89 day delinquent loans, excluding nonperforming loans, totaled $5.9 million, or 0.19% of total loans, at March 31, 2025, down from $22.1 million, or 0.72% of total loans, at December 31, 2024. The $16.2 million decrease was mostly due to $16.3 million in loans returning to current status, $2.9 million in SFR mortgage loans included in the bulk sale of several underperforming SFR mortgage loans and $398,000 in paydowns and payoffs, offset by $3.5 million in new delinquent loans.3

    As of March 31, 2025, the allowance for credit losses totaled $52.6 million and was comprised of an allowance for loan losses of $51.9 million and a reserve for unfunded commitments of $629,000 (included in “Accrued interest and other liabilities”). This compares to the allowance for credit losses of $48.5 million, comprised of an allowance for loan losses of $47.7 million and a reserve for unfunded commitments of $729,000 at December 31, 2024. The $4.1 million increase in the allowance for credit losses for the first quarter of 2025 was due to a $6.7 million provision for credit losses offset by net charge-offs of $2.6 million. Net charge-offs included $1.4 million related to a bulk sale of $10.8 million in underperforming SFR mortgage loans, of which $6.5 million were on nonaccrual at the end of the year, and $1.2 million related to an $8.8 million loan transferred to OREO and subsequently sold. The allowance for loan losses as a percentage of loans HFI increased to 1.65% at March 31, 2025, compared to 1.56% at December 31, 2024, due to an increase in specific reserves. The allowance for loan losses as a percentage of nonperforming loans HFI was 86% at March 31, 2025, an increase from 68% at December 31, 2024. 

        For the Three Months Ended March 31, 2025  
    (dollars in thousands)   Allowance for
    loan losses    		     Reserve for
    unfunded loan
    commitments    		     Allowance for
    credit losses    		  
    Beginning balance   $ 47,729     $ 729     $ 48,458  
    Provision for (reversal of) credit losses     6,846       (100 )     6,746  
    Less loans charged-off     (2,727 )     —       (2,727 )
    Recoveries on loans charged-off     84       —       84  
    Ending balance   $ 51,932     $ 629     $ 52,561  

    Shareholders’ Equity

    At March 31, 2025, total shareholders’ equity was $510.3 million, a $2.4 million increase compared to December 31, 2024, and a $3.7 million decrease compared to March 31, 2024. The increase in shareholders’ equity for the first quarter of 2025 was due to lower net unrealized losses on available for sale securities of $3.0 million, net income of $2.3 million and equity compensation activity of $43,000, offset by common stock cash dividends paid of $2.9 million. The decrease in shareholders’ equity for the last twelve months was due to common stock repurchases of $19.2 million and dividends paid of $11.6 million on common stock, offset by net income of $20.9 million, lower net unrealized losses on available for sale securities of $3.7 million, and equity compensation activity of $2.5 million. Book value per share and tangible book value per share(1) increased to $28.77 and $24.63 at March 31, 2025, up from $28.66 and $24.51 at December 31, 2024 and up from $27.67 and $23.68 at March 31, 2024.

    (1 ) Reconciliations of the non–U.S. generally accepted accounting principles (“GAAP”) measures included at the end of this press release.

    Corporate Overview

    RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominately to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

    Conference Call

    Management will hold a conference call at 11:00 a.m. Pacific time/2:00 p.m. Eastern time on Tuesday, April 29, 2025, to discuss the Company’s first quarter 2025 financial results.

    To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, the Participant ID code is 534591, conference ID RBBQ125. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, the passcode is 52277, approximately one hour after the conclusion of the call and will remain available through May 13, 2025.

    The conference call will also be simultaneously webcast over the Internet; please visit our Royal Business Bank website at www.royalbusinessbankusa.com and click on the “Investors” tab to access the call from the site. This webcast will be recorded and available for replay on our website approximately two hours after the conclusion of the conference call.

    Disclosure

    This press release contains certain non-GAAP financial disclosures for tangible common equity and tangible assets and adjusted earnings. The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. Please refer to the tables at the end of this release for a presentation of performance ratios in accordance with GAAP and a reconciliation of the non-GAAP financial measures to the GAAP financial measures.

    Safe Harbor

    Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements relating to the Company’s current business plans and expectations and our future financial position and operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, the effectiveness of the Company’s internal control over financial reporting and disclosure controls and procedures; the potential for additional material weaknesses in the Company’s internal controls over financial reporting or other potential control deficiencies of which the Company is not currently aware or which have not been detected; business and economic conditions generally and in the financial services industry, nationally and within our current and future geographic markets, including the tight labor market, ineffective management of the United States (“U.S.”) federal budget or debt or turbulence or uncertainly in domestic or foreign financial markets; the strength of the U.S. economy in general and the strength of the local economies in which we conduct operations; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments; possible additional provisions for credit losses and charge-offs; credit risks of lending activities and deterioration in asset or credit quality; extensive laws and regulations and supervision that we are subject to, including potential supervisory action by bank supervisory authorities; compliance with the Bank Secrecy Act and other money laundering statutes and regulations; potential goodwill impairment; liquidity risk; failure to comply with debt covenants; fluctuations in interest rates; risks associated with acquisitions and the expansion of our business into new markets; inflation and deflation; real estate market conditions and the value of real estate collateral; the effects of having concentrations in our loan portfolio, including commercial real estate and the risks of geographic and industry concentrations; environmental liabilities; our ability to compete with larger competitors; our ability to retain key personnel; successful management of reputational risk; severe weather, natural disasters, earthquakes, fires, including direct and indirect costs and impacts on clients, the Company and its employees from the January 2025 Los Angeles County wildfires; or other adverse external events could harm our business; geopolitical conditions, including acts or threats of terrorism, actions taken by the U.S. or other governments in response to acts or threats of terrorism and/or military conflicts, including the conflicts between Russia and Ukraine, in the Middle East, and increasing tensions between China and Taiwan, which could impact business and economic conditions in the U.S. and abroad; tariffs, trade policies, and related tensions, which could impact our clients, specific industry sectors, and/or broader economic conditions and financial market; public health crises and pandemics, and their effects on the economic and business environments in which we operate, including our credit quality and business operations, as well as the impact on general economic and financial market conditions; general economic or business conditions in Asia, and other regions where the Bank has operations; failures, interruptions, or security breaches of our information systems; climate change, including any enhanced regulatory, compliance, credit and reputational risks and costs; cybersecurity threats and the cost of defending against them; our ability to adapt our systems to the expanding use of technology in banking; risk management processes and strategies; adverse results in legal proceedings; the impact of regulatory enforcement actions, if any; certain provisions in our charter and bylaws that may affect acquisition of the Company; changes in tax laws and regulations; the impact of governmental efforts to restructure the U.S. financial regulatory system and increased costs of compliance and other risks associated with changes in regulation, including any amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act; the impact of changes in the Federal Deposit Insurance Corporation (“FDIC”) insurance assessment rate and the rules and regulations related to the calculation of the FDIC insurance assessments; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the SEC, the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; fluctuations in the Company’s stock price; restrictions on dividends and other distributions by laws and regulations and by our regulators and our capital structure; our ability to raise additional capital, if needed, and the potential resulting dilution of interests of holders of our common stock; the soundness of other financial institutions; our ongoing relations with our various federal and state regulators, including the SEC, FDIC, FRB and California Department of Financial Protection and Innovation; our success at managing the risks involved in the foregoing items and all other factors set forth in the Company’s public reports, including its Annual Report as filed under Form 10-K for the year ended December 31, 2024, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.

    RBB BANCORP AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)
    (Dollars in thousands)
     
        March 31,     December 31,     September 30,     June 30,     March 31,  
        2025     2024     2024     2024     2024  
    Assets                                        
    Cash and due from banks   $ 25,315     $ 27,747     $ 26,388     $ 23,313     $ 21,887  
    Interest-earning deposits with financial institutions     213,508       229,998       323,002       229,456       247,356  
    Cash and cash equivalents     238,823       257,745       349,390       252,769       269,243  
    Interest-earning time deposits with financial institutions     600       600       600       600       600  
    Investment securities available for sale     378,188       420,190       305,666       325,582       335,194  
    Investment securities held to maturity     5,188       5,191       5,195       5,200       5,204  
    Loans held for sale     655       11,250       812       3,146       3,903  
    Loans held for investment     3,143,063       3,053,230       3,091,896       3,047,712       3,027,361  
    Allowance for loan losses     (51,932 )     (47,729 )     (43,685 )     (41,741 )     (41,688 )
    Net loans held for investment     3,091,131       3,005,501       3,048,211       3,005,971       2,985,673  
    Premises and equipment, net     24,308       24,601       24,839       25,049       25,363  
    Federal Home Loan Bank (FHLB) stock     15,000       15,000       15,000       15,000       15,000  
    Cash surrender value of bank owned life insurance     60,699       60,296       59,889       59,486       59,101  
    Goodwill     71,498       71,498       71,498       71,498       71,498  
    Servicing assets     6,766       6,985       7,256       7,545       7,794  
    Core deposit intangibles     1,839       2,011       2,194       2,394       2,594  
    Right-of-use assets     26,779       28,048       29,283       30,530       31,231  
    Accrued interest and other assets     87,926       83,561       70,644       63,416       65,608  
    Total assets   $ 4,009,400     $ 3,992,477     $ 3,990,477     $ 3,868,186     $ 3,878,006  
    Liabilities and shareholders’ equity                                        
    Deposits:                                        
    Noninterest-bearing demand   $ 528,205     $ 563,012     $ 543,623     $ 542,971     $ 539,517  
    Savings, NOW and money market accounts     721,216       663,034       666,089       647,770       642,840  
    Time deposits, $250,000 and under     1,000,106       1,007,452       1,052,462       1,014,189       1,083,898  
    Time deposits, greater than $250,000     893,101       850,291       830,010       818,675       762,074  
    Total deposits     3,142,628       3,083,789       3,092,184       3,023,605       3,028,329  
    FHLB advances     160,000       200,000       200,000       150,000       150,000  
    Long-term debt, net of issuance costs     119,624       119,529       119,433       119,338       119,243  
    Subordinated debentures     15,211       15,156       15,102       15,047       14,993  
    Lease liabilities – operating leases     28,483       29,705       30,880       32,087       32,690  
    Accrued interest and other liabilities     33,148       36,421       23,150       16,818       18,765  
    Total liabilities     3,499,094       3,484,600       3,480,749       3,356,895       3,364,020  
    Shareholders’ equity:                                        
    Common stock     260,284       259,957       259,280       266,160       271,645  
    Additional paid-in capital     3,360       3,645       3,520       3,456       3,348  
    Retained earnings     263,885       264,460       262,946       262,518       259,903  
    Non-controlling interest     72       72       72       72       72  
    Accumulated other comprehensive loss, net     (17,295 )     (20,257 )     (16,090 )     (20,915 )     (20,982 )
    Total shareholders’ equity     510,306       507,877       509,728       511,291       513,986  
    Total liabilities and shareholders’ equity   $ 4,009,400     $ 3,992,477     $ 3,990,477     $ 3,868,186     $ 3,878,006  
     
    RBB BANCORP AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
    (In thousands, except share and per share data) 
     
        For the Three Months Ended  
        March 31, 2025     December 31, 2024     March 31, 2024  
    Interest and dividend income:                        
    Interest and fees on loans   $ 45,621     $ 46,374     $ 45,547  
    Interest on interest-earning deposits     2,014       3,641       5,040  
    Interest on investment securities     4,136       3,962       3,611  
    Dividend income on FHLB stock     330       330       331  
    Interest on federal funds sold and other     235       248       266  
    Total interest and dividend income     52,336       54,555       54,795  
    Interest expense:                        
    Interest on savings deposits, NOW and money market accounts     4,468       4,671       4,478  
    Interest on time deposits     19,084       21,361       23,322  
    Interest on long-term debt and subordinated debentures     1,632       1,660       1,679  
    Interest on FHLB advances     989       886       439  
    Total interest expense     26,173       28,578       29,918  
    Net interest income before provision for credit losses     26,163       25,977       24,877  
    Provision for credit losses     6,746       6,000       —  
    Net interest income after provision for credit losses     19,417       19,977       24,877  
    Noninterest income:                        
    Service charges and fees     1,017       988       992  
    Gain on sale of loans     81       376       312  
    Loan servicing fees, net of amortization     588       492       589  
    Increase in cash surrender value of life insurance     403       407       382  
    Gain on OREO     —       —       724  
    Other income     206       466       373  
    Total noninterest income     2,295       2,729       3,372  
    Noninterest expense:                        
    Salaries and employee benefits     10,643       9,927       9,927  
    Occupancy and equipment expenses     2,407       2,403       2,443  
    Data processing     1,602       1,499       1,420  
    Legal and professional     1,515       1,355       880  
    Office expenses     408       399       356  
    Marketing and business promotion     197       251       172  
    Insurance and regulatory assessments     730       677       982  
    Core deposit premium     172       182       201  
    Other expenses     848       956       588  
    Total noninterest expense     18,522       17,649       16,969  
    Income before income taxes     3,190       5,057       11,280  
    Income tax expense     900       672       3,244  
    Net income   $ 2,290     $ 4,385     $ 8,036  
                             
    Net income per share                        
    Basic   $ 0.13     $ 0.25     $ 0.43  
    Diluted   $ 0.13     $ 0.25     $ 0.43  
    Cash dividends declared per common share   $ 0.16     $ 0.16     $ 0.16  
    Weighted-average common shares outstanding                        
    Basic     17,727,712       17,704,992       18,601,277  
    Diluted     17,770,588       17,796,840       18,666,683  
                             
    RBB BANCORP AND SUBSIDIARIES
    AVERAGE BALANCE SHEET AND NET INTEREST INCOME
    (Unaudited)
     
        For the Three Months Ended  
        March 31, 2025     December 31, 2024     March 31, 2024  
    (tax-equivalent basis,    Average     Interest     Yield /     Average     Interest     Yield /     Average     Interest     Yield /  
      dollars in thousands)   Balance     & Fees     Rate     Balance     & Fees     Rate     Balance     & Fees     Rate  
    Interest-earning assets                                                                        
    Cash and cash equivalents (1)   $ 194,236     $ 2,249       4.70 %   $ 308,455     $ 3,890       5.02 %   $ 364,979     $ 5,306       5.85 %
    FHLB Stock     15,000       330       8.92 %     15,000       330       8.75 %     15,000       331       8.88 %
    Securities                                                                        
    Available for sale (2)     390,178       4,113       4.28 %     361,253       3,939       4.34 %     320,015       3,589       4.51 %
    Held to maturity (2)     5,189       49       3.83 %     5,194       48       3.68 %     5,207       46       3.55 %
    Total loans (3)     3,079,224       45,621       6.01 %     3,059,786       46,374       6.03 %     3,018,423       45,547       6.07 %
    Total interest-earning assets     3,683,827     $ 52,362       5.76 %     3,749,688     $ 54,581       5.79 %     3,723,624     $ 54,819       5.92 %
    Total noninterest-earning assets     260,508                       244,609                       246,341                  
    Total average assets   $ 3,944,335                     $ 3,994,297                     $ 3,969,965                  
                                                                             
    Interest-bearing liabilities                                                                        
    NOW     61,222       321       2.13 %   $ 53,879     $ 254       1.88 %   $ 58,946     $ 298       2.03 %
    Money market     463,443       3,625       3.17 %     463,850       3,735       3.20 %     411,751       3,526       3.44 %
    Saving deposits     155,116       522       1.36 %     162,351       682       1.67 %     157,227       654       1.67 %
    Time deposits, $250,000 and under     989,622       10,046       4.12 %     1,034,946       11,583       4.45 %     1,175,804       13,805       4.72 %
    Time deposits, greater than $250,000     864,804       9,038       4.24 %     835,583       9,778       4.66 %     785,172       9,517       4.88 %
    Total interest-bearing deposits     2,534,207       23,552       3.77 %     2,550,609       26,032       4.06 %     2,588,900       27,800       4.32 %
    FHLB advances     176,833       989       2.27 %     200,000       886       1.76 %     150,000       439       1.18 %
    Long-term debt     119,562       1,295       4.39 %     119,466       1,295       4.31 %     119,180       1,295       4.37 %
    Subordinated debentures     15,175       337       9.01 %     15,121       365       9.60 %     14,957       384       10.33 %
    Total interest-bearing liabilities     2,845,777       26,173       3.73 %     2,885,196       28,578       3.94 %     2,873,037       29,918       4.19 %
    Noninterest-bearing liabilities                                                                        
    Noninterest-bearing deposits     520,145                       539,900                       528,346                  
    Other noninterest-bearing liabilities     66,151                       56,993                       55,795                  
    Total noninterest-bearing liabilities     586,296                       596,893                       584,141                  
    Shareholders’ equity     512,262                       512,208                       512,787                  
    Total liabilities and shareholders’ equity   $ 3,944,335                     $ 3,994,297                     $ 3,969,965                  
    Net interest income / interest rate spreads           $ 26,189       2.03 %           $ 26,003       1.85 %           $ 24,901       1.73 %
    Net interest margin                     2.88 %                     2.76 %                     2.69 %
                                                                             
    Total cost of deposits   $ 3,054,352     $ 23,552       3.13 %   $ 3,090,509     $ 26,032       3.35 %   $ 3,117,246     $ 27,800       3.59 %
    Total cost of funds   $ 3,365,922     $ 26,173       3.15 %   $ 3,425,096     $ 28,578       3.32 %   $ 3,401,383     $ 29,918       3.54 %
    (1 ) Includes income and average balances for interest-earning time deposits and other miscellaneous interest-earning assets.
    (2 ) Interest income and average rates for tax-exempt securities are presented on a tax-equivalent basis.
    (3 ) Average loan balances relate to loans held for investment and loans held for sale and include nonaccrual loans. Interest income on loans includes the effects of discount accretion and net deferred loan origination fees and costs accounted for as yield adjustments.
    RBB BANCORP AND SUBSIDIARIES
    SELECTED FINANCIAL HIGHLIGHTS
    (Unaudited)
     
        At or for the Three Months Ended  
        March 31,     December 31,     March 31,  
        2025     2024     2024  
    Per share data (common stock)                        
    Book value   $ 28.77     $ 28.66     $ 27.67  
    Tangible book value (1)   $ 24.63     $ 24.51     $ 23.68  
    Performance ratios                        
    Return on average assets, annualized     0.24 %     0.44 %     0.81 %
    Return on average shareholders’ equity, annualized     1.81 %     3.41 %     6.30 %
    Return on average tangible common equity, annualized (1)     2.12 %     3.98 %     7.37 %
    Noninterest income to average assets, annualized     0.24 %     0.27 %     0.34 %
    Noninterest expense to average assets, annualized     1.90 %     1.76 %     1.72 %
    Yield on average earning assets     5.76 %     5.79 %     5.92 %
    Yield on average loans     6.01 %     6.03 %     6.07 %
    Cost of average total deposits (2)     3.13 %     3.35 %     3.59 %
    Cost of average interest-bearing deposits     3.77 %     4.06 %     4.32 %
    Cost of average interest-bearing liabilities     3.73 %     3.94 %     4.19 %
    Net interest spread     2.03 %     1.85 %     1.73 %
    Net interest margin     2.88 %     2.76 %     2.69 %
    Efficiency ratio (3)     65.09 %     61.48 %     60.07 %
    Common stock dividend payout ratio     123.08 %     64.00 %     37.21 %
                             
    (1 ) Non-GAAP measure. See Non–GAAP reconciliations set forth at the end of this press release.
    (2 ) Total deposits include non-interest bearing deposits and interest-bearing deposits.
    (3 ) Ratio calculated by dividing noninterest expense by the sum of net interest income before provision for credit losses and noninterest income.
    RBB BANCORP AND SUBSIDIARIES
    SELECTED FINANCIAL HIGHLIGHTS
    (Unaudited)
    (Dollars in thousands)
     
        At or for the quarter ended  
        March 31,     December 31,     March 31,  
        2025     2024     2024  
    Credit Quality Data:                        
    Special mention loans   $ 64,279     $ 65,329     $ 20,580  
    Special mention loans to total loans     2.05 %     2.14 %     0.68 %
    Substandard loans HFI   $ 76,372     $ 89,141     $ 57,170  
    Substandard loans HFS   $ —     $ 11,195     $ —  
    Substandard loans HFI to total loans HFI     2.43 %     2.92 %     1.89 %
    Loans 30-89 days past due, excluding nonperforming loans   $ 5,927     $ 22,086     $ 20,950  
    Loans 30-89 days past due, excluding nonperforming loans, to total loans     0.19 %     0.72 %     0.69 %
    Nonperforming loans HFI   $ 60,380     $ 69,843     $ 35,935  
    Nonperforming loans HFS   $ —     $ 11,195     $ —  
    OREO   $ 4,170     $ —     $ 1,071  
    Nonperforming assets   $ 64,550     $ 81,038     $ 37,006  
    Nonperforming loans HFI to total loans HFI     1.92 %     2.29 %     1.19 %
    Nonperforming assets to total assets     1.61 %     2.03 %     0.95 %
                             
    Allowance for loan losses   $ 51,932     $ 47,729     $ 41,688  
    Allowance for loan losses to total loans HFI     1.65 %     1.56 %     1.38 %
    Allowance for loan losses to nonperforming loans HFI     86.01 %     68.34 %     116.01 %
    Net charge-offs   $ 2,643     $ 2,006     $ 184  
    Net charge-offs to average loans     0.35 %     0.26 %     0.02 %
                             
    Capital ratios (1)                        
    Tangible common equity to tangible assets (2)     11.10 %     11.08 %     11.56 %
    Tier 1 leverage ratio     12.07 %     11.92 %     12.16 %
    Tier 1 common capital to risk-weighted assets     17.87 %     17.94 %     19.10 %
    Tier 1 capital to risk-weighted assets     18.45 %     18.52 %     19.72 %
    Total capital to risk-weighted assets     24.41 %     24.49 %     25.91 %
    (1 ) March 31, 2025 capital ratios are preliminary.
    (2 ) Non-GAAP measure. See Non-GAAP reconciliations set forth at the end of this press release.
    RBB BANCORP AND SUBSIDIARIES
    SELECTED FINANCIAL HIGHLIGHTS
    (Unaudited)
     
    Loan Portfolio Detail   As of March 31, 2025   As of December 31, 2024     As of March 31, 2024  
    (dollars in thousands)   $   %   $     %     $     %  
    Loans:                                          
    Commercial and industrial   $ 135,538   4.3 %   $ 129,585       4.2 %   $ 121,441       4.0 %
    SBA     50,651   1.6 %     47,263       1.5 %     54,677       1.8 %
    Construction and land development     158,883   5.1 %     173,290       5.7 %     198,070       6.5 %
    Commercial real estate (1)     1,245,402   39.6 %     1,201,420       39.3 %     1,178,498       38.9 %
    Single-family residential mortgages     1,545,822   49.2 %     1,494,022       48.9 %     1,463,497       48.4 %
    Other loans     6,767   0.2 %     7,650       0.4 %     11,178       0.4 %
    Total loans (2)   $ 3,143,063   100.0 %   $ 3,053,230       100.0 %   $ 3,027,361       100.0 %
    Allowance for loan losses     (51,932 )       (47,729 )             (41,688 )        
    Total loans, net   $ 3,091,131       $ 3,005,501             $ 2,985,673          
    (1 ) Includes non-farm and non-residential loans, multi-family residential loans and non-owner occupied single family residential loans.
    (2 ) Net of discounts and deferred fees and costs of $808, $488, and $474 as of March 31, 2025, December 31, 2024, and March 31, 2024, respectively.
    Deposits   As of March 31, 2025   As of December 31, 2024     As of March 31, 2024  
    (dollars in thousands)   $   %   $     %     $     %  
    Deposits:                                          
    Noninterest-bearing demand   $ 528,205   16.8 %   $ 563,012       18.3 %   $ 539,517       17.8 %
    Savings, NOW and money market accounts     721,216   22.9 %     663,034       21.5 %     642,840       21.2 %
    Time deposits, $250,000 and under     863,962   27.5 %     882,438       28.6 %     901,738       29.8 %
    Time deposits, greater than $250,000     870,708   27.8 %     827,854       26.8 %     746,611       24.7 %
    Wholesale deposits (1)     158,537   5.0 %     147,451       4.8 %     197,623       6.5 %
    Total deposits   $ 3,142,628   100.0 %   $ 3,083,789       100.0 %   $ 3,028,329       100.0 %
    (1 ) Includes brokered deposits, collateralized deposits from the State of California, and deposits acquired through internet listing services.

    Non-GAAP Reconciliations

    Tangible Book Value Reconciliations

    Tangible book value per share is a non-GAAP disclosure. Management measures tangible book value per share to assess the Company’s capital strength and business performance and believes this is helpful to investors as additional tools for further understanding our performance. The following is a reconciliation of tangible book value to the Company shareholders’ equity computed in accordance with GAAP, as well as a calculation of tangible book value per share as of March 31, 2025, December 31, 2024, and March 31, 2024.

                           
    (dollars in thousands, except share and per share data)   March 31, 2025     December 31, 2024     March 31, 2024  
    Tangible common equity:                        
    Total shareholders’ equity   $ 510,306     $ 507,877     $ 513,986  
    Adjustments                        
    Goodwill     (71,498 )     (71,498 )     (71,498 )
    Core deposit intangible     (1,839 )     (2,011 )     (2,594 )
    Tangible common equity   $ 436,969     $ 434,368     $ 439,894  
    Tangible assets:                        
    Total assets-GAAP   $ 4,009,400     $ 3,992,477     $ 3,878,006  
    Adjustments                        
    Goodwill     (71,498 )     (71,498 )     (71,498 )
    Core deposit intangible     (1,839 )     (2,011 )     (2,594 )
    Tangible assets   $ 3,936,063     $ 3,918,968     $ 3,803,914  
    Common shares outstanding     17,738,628       17,720,416       18,578,132  
    Common equity to assets ratio     12.73 %     12.72 %     13.25 %
    Tangible common equity to tangible assets ratio     11.10 %     11.08 %     11.56 %
    Book value per share   $ 28.77     $ 28.66     $ 27.67  
    Tangible book value per share   $ 24.63     $ 24.51     $ 23.68  

    Return on Average Tangible Common Equity

    Management measures return on average tangible common equity (“ROATCE”) to assess the Company’s capital strength and business performance and believes this is helpful to investors as an additional tool for further understanding our performance. Tangible equity excludes goodwill and other intangible assets (excluding mortgage servicing rights) and is reviewed by banking and financial institution regulators when assessing a financial institution’s capital adequacy. This non-GAAP financial measure should not be considered a substitute for operating results determined in accordance with GAAP and may not be comparable to other similarly titled measures used by other companies. The following table reconciles ROATCE to its most comparable GAAP measure:

        Three Months Ended  
    (dollars in thousands)   March 31, 2025     December 31, 2024     March 31, 2024  
    Net income available to common shareholders   $ 2,290     $ 4,385     $ 8,036  
    Average shareholders’ equity     512,262       512,208       512,787  
    Adjustments:                        
    Average goodwill     (71,498 )     (71,498 )     (71,498 )
    Average core deposit intangible     (1,951 )     (2,129 )     (2,726 )
    Adjusted average tangible common equity   $ 438,813     $ 438,581     $ 438,563  
    Return on average common equity, annualized     1.81 %     3.41 %     6.30 %
    Return on average tangible common equity, annualized     2.12 %     3.98 %     7.37 %

    The MIL Network –

  • MIL-OSI Canada: Making every drop of water count

    Demand for water is rising and Alberta is looking at ways to make more water available for farmers, ranchers, businesses and growing communities. The Water Act has not been updated in 25 years and with more families, agri-businesses, food processing plants and many others coming to Alberta, it is important that the system makes every drop count.

    While most of the Water Act is working well, government recently heard from over a thousand Albertans who suggested improvements that could potentially help make the system stronger. Alberta’s government is now seeking public feedback on some of the targeted changes put forward by Albertans to maximize the water supply and make more water available to those who need it.

    “We need to ensure we have the water we need for people, our environment and our major industries for today, tomorrow and for generations to come. Albertans have given us clear feedback on the Water Act, that it can and should be reviewed, and suggested specific updates for further discussion. We know there are many different views and perspectives, and we’re grateful for the participation and engagement to help us get this right.”

    Rebecca Schulz, Minister of Environment and Protected Areas

    Critical areas are not up for discussion

    The foundation of Alberta’s water management system is already working successfully. For example, Alberta’s priority system will continue to be based on principles of first-in-time, first-in-right – a system that has worked well for more than 100 years. There will be no changes considered that reduce anyone’s current water allocations, nor add any new royalties, bulk or volumetric pricing for water.

    Alberta’s Water for Life strategy will keep guiding the province’s water system, ensuring healthy, secure and sustainable water supply for communities, economy and aquatic ecosystems. Alberta will also continue to support water allocation transfers in basins with approved water management plans and will continue to require a special act of the legislature for any high-risk inter-basin transfers.

    Targeted improvements proposed by Albertans

    Having heard from Albertans directly, government is seeking feedback on some of the most commonly raised, or practical, changes that were proposed. The updates could:

    • Streamline regulatory decisions on licence amendments and transfers.
    • Enhance water use information to support licence and transfer decisions.
    • Enable lower risk inter-basin transfers where it is safe and appropriate to do so.
    • Enable management of alternative water sources, such as rainwater, stormwater and wastewater reuse.

    Albertans can provide feedback on the specific proposals until June 30.  

    There will also be targeted in-person sessions across the province with Indigenous communities and water using sectors in May. No decisions have been made, and government will review all the feedback before determining what changes, if any, move forward.

    This engagement builds off the first phase undertaken in fall 2024 and winter 2025, but there is more work to do. Engagement on other ideas for regulatory, policy and program changes put forward by Albertans to improve water availability may also take place in the future as government works to strengthen the water management system.

    Quick facts

    • Alberta’s government engaged with Albertans to hear ideas about how to strengthen and modernize the water system.
      • Phase one occurred October 2024 through January 2025 with more than 1,400 people participating and sharing ideas.
    • Alberta continues to improve water management across the province, including:
      • $5 million over three years for the Alberta Water Storage Assessment Program.
      • $12 million over two years for Bow River Reservoir (with Transportation and Economic Corridors).
      • $25 million investment this year through the Drought and Flood Protection Program.
      • $8.7 million for wetlands through the Wetlands Replacement Program
      • $3.5 million through the Watershed Resiliency and Restoration Program.

    Related information

    • Water availability engagement

    MIL OSI Canada News –

  • MIL-OSI Global: Juggling dynamite? At 100 days in office, Donald Trump is no Franklin D. Roosevelt

    Source: The Conversation – Canada – By Ronald W. Pruessen, Emeritus Professor of History, University of Toronto

    Watching United States President Donald Trump weave and chainsaw his way through the first 100 days of his second term in office, I’ve been reminded of what Anthony Eden, the United Kingdom’s foreign secretary in the 1930s and later its prime minister, once said about Franklin D. Roosevelt.

    FDR, Eden recalled in his memoirs, was “too like a conjurer, skilfully juggling balls of dynamite, whose nature he failed to understand.”

    The image fits the 47th president much better than the 32nd.

    The dynamite-wielding Trump

    Dynamite has certainly been exploding regularly since Trump took office in January. His actions include:



    Read more:
    How Project 2025 became the blueprint for Donald Trump’s second term

    For non-MAGA enthusiasts, it is easy to surmise — similar to Eden’s remarks on FDR — that Trump does not understand the potential damage of the dynamite he is not just juggling, but hurling.

    A case might be made that some lobs align with Trump’s personal penchant for retribution, or that the chainsaw is being wielded to make room in the federal budget for new tax cuts for the one per cent.

    But such calculations disregard deeply rooted American values like respect for the rule of law and the separation of powers.

    Trump’s actions could suggest a lust for mayhem apparently aimed at dismantling a century of efforts to shape a government that serves global security while also meeting the economic, social and health care needs of American citizens, including safety net provisions for senior citizens, children, farmers, veterans and others.

    Threats today, damage tomorrow

    His apparent fondness for dynamite is already having negative consequences, with seemingly little grasp of the likelihood of worse to come: today, he’s upending the lives of civil servants; tomorrow’s disruptions will likely include an attack on the services provided by agencies like the Social Security Administration and disruption of the flow of funds to many poor school districts.

    Today, the U.S. is struggling with a measles outbreak. But the personal beliefs of Health and Human Services Director Robert F. Kennedy, Jr., a notorious vaccination and public health skeptic, doesn’t bode well for a fight against a rapidly evolving avian flu threat on the near horizon.

    Today’s stock and bond market volatility creates the possibility of a trade war catastrophe and damage to economic stability as the U.S. appears poised to disregard its longtime status as the world economy’s “safe haven.”

    The current tensions in what were once ironclad partnerships with allies that include Canada, the European Union and Ukraine — along with the whiplash reversal of American-Russian dynamics — are reminiscent of the global disruption in the 1930s that featured the Great Depression and the eruption of the Second World War.

    How FDR coped with explosions around him

    If Eden’s image of FDR as a dangerous juggler of dynamite might also apply to Trump, it fails to capture the essential attributes of the 32nd president’s White House career. Eden’s ego seems to have undercut his appraisal of FDR — compounded by his own failure to understand the historical developments that profoundly weakened the British Empire and brought his own career to an end.

    There’s no question dynamite was exploding in 1933, the start of FDR’s 12 years in the White House. But the Depression and its evolving consequences, not FDR’s personal impulses and misconceptions, created a tinderbox decade.

    One of Roosevelt’s great strengths, in fact, was his ability to recognize the acute dangers emanating from a fearful cortege of flaming fuses. Another was his success in turning insights into meaningful actions.

    Roosevelt knew — far better than his predecessor, Herbert Hoover — that the onset of the Depression would require dramatic actions and fundamental reforms.

    His New Deal expanded the government’s role in stimulating the economy (for example, the Public Works Administration), regulation (the Securities Exchange Commission), social welfare initiatives (the Social Security program) and infrastructure development (for example, the Tennessee Valley Authority).

    The Depression wasn’t fully eradicated — that didn’t happen until after war broke out — but the lives of millions of Americans still improved significantly.

    Of equal importance, FDR’s creative thinking and government transformations created building blocks for further post-war reforms, including Lyndon Johnson’s Great Society efforts three decades later.



    Read more:
    The Great Society: the forgotten reform movement

    Roosevelt also knew that the devastation of the Depression and the unparalleled destruction of the Second World War required a transformation of the global arena. He believed technology — air power especially — had created an integrated world. In his January 1943 State of the Union address, he said:

    “Wars grow in size, in death and destruction, and in the inevitability of engulfing all nations, in inverse ratio to the shrinking size of the world as a result of the conquest of the air.”

    Sharing responsibilities

    FDR believed the world he worked to create would be safer and more prosperous because multilateral organizations would encourage greater emphasis on shared resources and responsibilities. The United Nations, the International Monetary Fund and the World Bank took shape during FDR’s presidency — as did long-term plans for decolonization and human rights initiatives.

    Roosevelt knew too — better than many of his White House successors — that the U.S. needed to share leadership responsibilities. He believed emphatically in multilateralism, recognizing the limits of American resources and power, and the pragmatism of compromising with the priorities of others, whether they were powerful states or colonial peoples.

    His “Four Policemen” approach to maintaining peace — comprising the U.S., the U.K., the Soviet Union and China — would sometimes create unpalatable situations. He was criticized harshly, for example, for naively opening the door to Soviet domination of eastern Europe via the Yalta agreement. Nonetheless, FDR focused on efforts he believed would avert another destructive cataclysm.

    FDR was an imperfect leader in various ways — in not appreciating, for example, how global leadership could result in arrogance. He did, however, understand the explosive domestic and international developments of the 20th century and sought constructive solutions to grave challenges.

    Trump, on the contrary, is seemingly prioritizing destruction over construction. Propelled by a “move fast and break things” mantra, there’s little evidence that he understands its pain nor the damaging consequences of his impulses.

    Ronald W. Pruessen has received funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Juggling dynamite? At 100 days in office, Donald Trump is no Franklin D. Roosevelt – https://theconversation.com/juggling-dynamite-at-100-days-in-office-donald-trump-is-no-franklin-d-roosevelt-254773

    MIL OSI – Global Reports –

  • MIL-OSI Security: California Truck Driver Sentenced to Eleven Years in Prison for Trafficking $2.5 Million Worth of Cocaine

    Source: Office of United States Attorneys

    ROCKFORD — A California truck driver was sentenced today to eleven years in federal prison for trafficking $2.5 million worth of cocaine that was destined for Chicago. 

    RONALD COLEMAN, 45, of Barstow, Calif., pleaded guilty earlier this year to one count of possession with intent to distribute five kilograms or more of cocaine.  U.S. District Judge Iain D. Johnston imposed the sentence during a hearing in federal court in Rockford.

    Coleman admitted in a plea agreement that in April 2023 he was the driver of a semi-truck and trailer traveling through Whiteside County, Ill. on Interstate 88. Inside his semi-trailer, he knowingly and intentionally possessed with the intent to distribute more than 91 kilograms of cocaine with a street value of $2.5 million. Coleman was transporting the cocaine to a warehouse in Chicago, where he was to exchange the drugs for cash and transport the money back to California.  Inside his semi-truck, Coleman also possessed a firearm to protect himself, the cocaine, and the cash during the transport.  Coleman expected to be paid for transporting the cocaine from California to Chicago.

    The sentence was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Sheila G. Lyons, Special Agent-in-Charge of the Chicago Field Division of the U.S. Drug Enforcement Administration. The Illinois State Police provided assistance in the investigation.

    The government was represented by Assistant U.S. Attorneys Robert S. Ladd.

    MIL Security OSI –

  • MIL-OSI Security: Repeat Felon who Fought Police Sentenced to 14 Years in Federal Prison for Firearm Possession

    Source: Office of United States Attorneys

    NEWNAN, Ga. – Arthur Gene Young, a multi-convicted felon with a history of violence, has been sentenced to federal prison for unlawfully possessing a firearm while resisting police officers in a small west Georgia city.                                                                                                                                      

    “Armed felons cannot be allowed to terrorize the citizens of our district,” said Acting U.S. Attorney Richard S. Moultrie, Jr. “After Young was arrested with a firearm for the third time in two years, local law enforcement wisely sought federal assistance to ensure he would be removed from the community. We will continue to work with our partners at all levels to protect the public from gun violence and repeat violent offenders.”

    “The law-abiding citizens of this community are safer because of today’s sentence which will ensure the incarceration of a dangerous criminal and contribute to the restoration of order and peace to this area,” said ATF Special Agent in Charge Benjamin Gibbons.  “This sentence sends a direct message to criminals that ATF and our local law enforcement partners will investigate violent criminals and protect citizens.”

    “The partnership of local, state and federal law enforcement agencies is imperative to help local communities stay safe,” said Bremen Police Department Lieutenant Joshua Newman. “The Bremen Police Department would like to thank all the agencies and law enforcement officers that were involved in this case.”

    According to Acting U.S. Attorney Moultrie, the charges and other information presented in court: On May 2, 2023, less than a month after his release from state prison for other criminal conduct, Arthur Gene Young shoplifted from a pharmacy located in Bremen, Georgia. He returned to the pharmacy the following morning and argued with the store manager. Police officers responded and, upon learning of the earlier shoplifting incident, escorted Young from the store to arrest him. Young refused to obey the officers’ commands and shouted that he would not go back to prison as he fled the scene. 

    As officers pursued Young through the center of town and towards a church preschool, Young exclaimed that he was armed and demanded to be left alone. As additional officers responded, Young crossed a highway, scaled a berm, and walked onto an active train track. There, he grabbed the wrist and arm of a deputy sheriff who attempted to detain him. Ultimately, Young tripped, giving officers an opportunity to place handcuffs around one of his wrists. But Young fought the officers and refused to comply as the officers attempted to fully cuff him. During the struggle, one of the officers noticed the grip of a loaded 7.65mm semiautomatic pistol in Young’s right pants pocket. The officer managed to secure the weapon before Young was finally handcuffed. 

    As a multi-convicted felon, Young was legally prohibited from possessing firearms. Young’s decade-long criminal record included convictions for crimes of violence, such as attempted robbery by intimidation and terroristic threats, as well as other offenses. Additionally, at the time of his arrest following the incident at the Bremen pharmacy, Young was under indictment and on pretrial release in three cases brought in 2021 and 2022 charging him with attempted armed robbery, attempted robbery by intimidation, and two counts each of felon in possession of a firearm, aggravated assault, and simple assault.

    Arthur Gene Young, 34, of Bremen, Georgia, was sentenced on April 22, 2025, by Chief U.S. District Judge Timothy C. Batten, Sr. to 14 years in prison to be followed by three years of supervised release. Young was convicted of possession of a firearm by a prohibited person on January 14, 2025, after he pleaded guilty in the middle of a jury trial.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Bremen Police Department. The Haralson County Sheriff’s Office, Carroll County Sheriff’s Office, and Georgia State Patrol provided valuable assistance.

    Assistant United States Attorneys Theodore S. Hertzberg and Amy M. Palumbo prosecuted the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6280. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI –

  • MIL-OSI Security: Boston Man Pleads Guilty to Possession of Machinegun

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BOSTON – A Boston man pleaded guilty today in federal court in Boston to unlawful possession of a machinegun.  

    James Thelwell-Mullen, 32, pleaded guilty to one count of unlawful possession of a machinegun before U.S. District Court Judge Allison D. Burroughs who scheduled sentencing for July 29, 2025. In July 2024, Thelwell-Mullen was indicted by a federal grand jury.

    On or around April 28, 2023, Thelwell-Mullen unlawfully possessed a machinegun conversion device, commonly referred to as a “Glock switch” – a device designed to enable a Glock semi-automatic pistol to fire automatically. According to court documents, a machinegun conversion device, as well as two privately made firearms, ammunition, firearm magazines, other firearm accessories, and one plastic bag of fentanyl, were recovered during a search of Thelwell-Mullen’s Boston residence. Messages on Thelwell-Mullen’s phone indicated that he was also selling machinegun conversion devices.

    The charging statute provides for a sentence of up to 10 years in prison, three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.

    United States Attorney Leah B. Foley; James M. Ferguson, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives, Boston Field Division; and Boston Police Commissioner Michael Cox made the announcement today. The case is being prosecuted by Assistant U.S. Attorney Elianna J. Nuzum of the Criminal Division.

    MIL Security OSI –

  • MIL-OSI USA: Cornyn Meets with DEA Administrator Nominee Terry Cole

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senator John Cornyn (R-TX), who serves as chair of the U.S. Senate Caucus on International Narcotics Control for the 119th Congress, made the following remarks to media after meeting with Terry Cole, whom President Trump has nominated to serve as Administrator of the Drug Enforcement Administration (DEA):
    “The single biggest challenge DEA faces is the flood of fentanyl and other synthetic opioids across the border.”
    “I look forward to visiting with him and our new ambassador down in Mexico City in the coming weeks to try to figure out what we can do more to try to help deal with this challenge, which has taken the lives of so many Americans here on this on this side of the border.”
    “I’m the Chairman of the International Narcotics Caucus this session, and we will be holding a variety of hearings about policy changes that we can do – additional resources, better authorities – to not only go after the threat and to stop it before it gets to our neighborhoods and communities across Texas and across the country.”
    “I look forward to introducing the nominee and supporting his confirmation.”

    This image is in the public domain, but those wishing to do so may credit the Office of U.S. Senator John Cornyn.
    Senator John Cornyn, a Republican from Texas, is a member of the Senate Finance, Judiciary, Intelligence, Foreign Relations, and Budget Committees.

    MIL OSI USA News –

  • MIL-OSI USA: AFSCME’s Saunders: A historic and relentless assault on working people and unions underscore the first 100 days of this administration

    Source: American Federation of State, County and Municipal Employees Union

    WASHINGTON – AFSCME President Lee Saunders released the following statement marking the first 100 days of the second Trump administration this week:

    “During the campaign, Trump promised to put working people first, lower rising costs on groceries and gas and preserve our earned benefits and health care. Instead, the first one 100 days of this billionaire-run administration have been fueled by lies, broken promises, and a relentless assault on working people and unions.

    “He has handed over the reins of government to billionaires — appointing the wealthiest cabinet in American history, kicking off a trade war that is raising prices on everyday goods, attacking Social Security and Medicaid, cutting wages for workers, and stripping collective bargaining rights from more than 1 million federal employees. The White House claimed it had nothing to do with Project 2025, yet it has already implemented over one-third of the anti-worker agenda, often sidestepping Congress and the courts to do so.

    “The fallout has been immediate. Retirees are left wondering how to navigate Social Security as staff are laid off, offices are closed, and services are cut. People are watching their retirement savings shrink. Lifesaving health and safety regulations have been put on hold. Students with disabilities are losing vital support from the Department of Education. The Department of Health and Human Services is clawing back funding from states, cities and towns to fight infectious diseases as measles is on the rise, and it’s just the beginning. It is clear that Medicaid cuts are next on the agenda, kicking millions of retirees, children and working people off their health care and upending our entire health care system.

    “This administration refuses to reverse course, because its No. 1 goal is to hand out massive tax breaks to billionaires by robbing our communities of public services and workers of our power. Make no mistake — this will devastate our economy.

    “In response, workers across the country are organizing with AFSCME to build real people power. Tens of thousands of public service workers have joined AFSCME since the start of the year. They are getting organized — hosting town halls, mobilizing their co-workers, and flooding Congress with thousands of letters, calls and petitions demanding action to rein in this hostile takeover.

    “In the courts, AFSCME is fighting to stop the mass firings of federal employees, safeguard Americans’ Social Security data, block the unlawful shutdown of federal agencies, challenge cuts of federal grants to state and local governments that fund essential public services, contest the elimination of collective bargaining rights, and more.

    “No matter how this administration attempts to reframe and erase history, we will never forget: It is working people who are the backbone of this nation. We built the middle-class. We built this country, and we will fight to protect our freedom to thrive.”

    MIL OSI USA News –

  • MIL-OSI USA: Don’t wait! Today is the last day for West Virginians to apply for FEMA disaster assistance

    Source: US Federal Emergency Management Agency

    Headline: Don’t wait! Today is the last day for West Virginians to apply for FEMA disaster assistance

    Don’t wait! Today is the last day for West Virginians to apply for FEMA disaster assistance

    CHARLESTON, W

    Va

     – Today is the last day for West Virginia residents to apply for FEMA Assistance if they had damages from the Feb

    15-18, 2025, floods

    THE DEADLINE TO APPLY IS 11:59 P

    M

    TODAY, APRIL 28, 2025

    FEMA assistance for individuals and families in Logan, McDowell, Mercer, Mingo, Raleigh, Wayne and Wyoming counties affected by the flooding can cover home repairs, personal property losses and other disaster-related needs not covered by insurance

    Survivors can visit the Disaster Recovery Center (DRC) to apply and talk face-to-face with FEMA staff

    Disaster Recovery Centers are open in McDowell, Mingo, Raleigh, and Wyoming counties

    You can visit a center to talk face-to-face with FEMA staff, apply for assistance, check the status of your application, and learn about recovery resources

     McDowell County Disaster (Bradshaw) Recovery Center Mingo County Disaster Recovery CenterBradshaw Town Hall10002 Marshall HwyBradshaw, WV 24817 Hours of operation:Monday to Friday: 8 a

    m

    to 6 p

    m

    Closed weekendsWilliamson Campus1601 Armory DriveWilliamson, WV 25661 Hours of operation:Monday to Friday: 8 a

    m

    to 6 p

    m

    Closed weekendsRaleigh County Disaster Recovery CenterWyoming County Disaster Recovery CenterBeckley-Raleigh County Emergency Services1224 Airport RoadBeaver WV 25813 Hours of operation:Monday to Friday: 8 a

    m

    to 6 p

    m

    Closed weekendsWyoming Court House24 Main AvePineville, WV 24874 Hours of operation:Monday to Friday: 8 a

    m

    to 6 p

    m

    Closed weekendsDRCs are accessible to all, including survivors with mobility issues, impaired vision, and those who are who are Deaf or Hard of Hearing

    Residents who live in one of the seven designated counties can register at any Disaster Recovery Center, regardless of the county it is in

     PLEASE NOTE: While the deadline to apply for FEMA assistance is April 28, centers will stay open past that date to allow residents to visit and check on their cases, add needed documents or appeal decisions

    Even after the DRCs are closed at 6 p

    m

    , an easy way to apply for FEMA assistance is by phone at 800-621-3362

    The toll-free telephone line operates from 7 a

    m

    to 11 p

    m

    If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA your number for that service

     Residents can apply online until 11:59 p

    m

    today at DisasterAssistance

    gov or download the FEMA app to their smartphone or tablet

    Monday, April 28, 2025, is also the final deadline for homeowners, renters and business owners to apply for a U

    S

    Small Business Administration physical disaster loan

    Applicants can apply online at sba

    gov/disaster, call SBA’s Customer Service Center at (800) 659-2955, or email disastercustomerservice@sba

    gov for more information on SBA disaster assistance

    For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay service

    For more information on West Virginia’s disaster recovery, visit emd

    wv

    gov, West Virginia Emergency Management Division Facebook page, www

    fema

    gov/disaster/4861 and www

    facebook

    com/FEMA

    ###FEMA’s mission is helping people before, during and after disasters

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    Also, follow on X FEMA_Cam

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    lianza

    yap
    Mon, 04/28/2025 – 17:53

    MIL OSI USA News –

  • MIL-OSI USA: FEMA Teams Hit Streets in Kentucky To Help Those Affected by April 2025 Severe Weather

    Source: US Federal Emergency Management Agency 2

    strong>FRANKFORT, Ky. – Kentucky residents will start to see FEMA’s crews in the community, helping those affected by the April 2025 severe weather to apply for federal disaster assistance and to identify needs within communities.  
    FEMA Disaster Survivor Assistance (DSA) teams are out in impacted areas of Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties to help residents navigate the federal disaster assistance process. DSA personnel can help homeowners and renters apply with FEMA and quickly identify and address immediate and emerging needs. They also can provide application status updates and referrals to additional community resources.
    FEMA teams will never ask for or accept money and will always be wearing a FEMA identification badge with a photograph. A FEMA shirt, vest or jacket is not proof of identity. While helping someone apply, they will ask for personal information, including social security number, annual income and bank information. Residents are encouraged to ask for identification before providing any personal information. They can also call the FEMA Helpline at 800-621-3362 to verify if a FEMA visit is legitimate.
    If you believe you are the victim of a scam, report it immediately to your local police or sheriff’s department, or contact the Office of the Attorney General by calling 502-696-5485 or visit its website at Natural Disaster Scams – Kentucky Attorney General. To file a fraud complaint, go online to Scam Report (kentucky.gov).
    If you suspect fraudulent activity involving FEMA, you can report it to the FEMA Fraud Branch at:  StopFEMAFraud@fema.dhs.gov, fax: 202- 212-4926 or write to: FEMA Fraud and Internal Investigation Division, 400 C Street SW Mail Stop 3005, Washington, DC 20472-3005.
    The first step to receive FEMA assistance is to apply. There are four ways to apply: you can apply online at DisasterAssistance.gov, by using the FEMA mobile app, visiting a Disaster Recovery Center or calling 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service.
    Survivors have 60 days from the date of the presidential disaster declaration to apply for individual assistance. 
    For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.
    For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860 and www.fema.gov/disaster/4864. Follow the FEMA Region 4 X account at x.com/femaregion4.

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Hardin County

    Source: US Federal Emergency Management Agency 2

    strong>FRANKFORT, Ky. –A Disaster Recovery Center has opened in Hardin County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides. The new Disaster Recovery Center in Hardin County is located at:
     
    Kentucky State Police Post #4, 954 Cameron Ponder Drive, Elizabethtown, KY 42701 
    Working hours are 9 a.m. to 7 p.m. Eastern Time, Monday through Saturday and 1 – 7 p.m. Eastern Time, Sunday.
    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs. Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will also be available at the recovery centers to assist survivors.
    Click here to find centers that are already open in Kentucky. You can visit any open center to meet with representatives of FEMA, the Commonwealth of Kentucky and the U.S. Small Business Administration. No appointment is needed. 
    To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 
    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible. 
    If you are unable to visit a center, there are other ways to apply: online at DisasterAssistance.gov, use the FEMA app for mobile devices or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service.
    When you apply, you will need to provide:

    A current phone number where you can be contacted.
    Your address at the time of the disaster and the address where you are now staying.
    Your Social Security Number.
    A general list of damage and losses.
    Banking information if you choose direct deposit.
    If insured, the policy number or the agent and/or the company name.

    Apply Separately for Each Disaster

    When two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits. Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster. 
    When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number.

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7. Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible. The deadline to apply under DR-4860-KY is May 25.
    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing. Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible. Survivors have 60 days from the date of the presidential major disaster declaration to apply for individual assistance under DR-4864-KY. 

    Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY. If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications.
    For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860 and www.fema.gov/disaster/4864. Follow the FEMA Region 4 X account at x.com/femaregion4.

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Hopkins County

    Source: US Federal Emergency Management Agency 2

    strong>FRANKFORT, Ky. –A Disaster Recovery Center has opened in Hopkins County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides. The new Disaster Recovery Center in Hopkins County is located at:
     
    Hopkins County Fairground, 605 E. Arch St., Madisonville, KY 42431 
    Working hours are 9 a.m. to 7 p.m. Central Time, Monday through Saturday and 1 – 7 p.m. Central Time, Sunday.
    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs. Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will also be available at the recovery centers to assist survivors.
    Click here to find centers that are already open in Kentucky. You can visit any open center to meet with representatives of FEMA, the Commonwealth of Kentucky and the U.S. Small Business Administration. No appointment is needed. 
    To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 
    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible. 
    If you are unable to visit a center, there are other ways to apply: online at DisasterAssistance.gov, use the FEMA app for mobile devices or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service.
    When you apply, you will need to provide:

    A current phone number where you can be contacted.
    Your address at the time of the disaster and the address where you are now staying.
    Your Social Security Number.
    A general list of damage and losses.
    Banking information if you choose direct deposit.
    If insured, the policy number or the agent and/or the company name.

    Apply Separately for Each Disaster

    When two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits. Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster. 
    When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number.

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7. Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible. The deadline to apply under DR-4860-KY is May 25.
    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing. Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible. Survivors have 60 days from the date of the presidential major disaster declaration to apply for individual assistance under DR-4864-KY. 

    Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY. If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications.
    For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860 and www.fema.gov/disaster/4864. Follow the FEMA Region 4 X account at x.com/femaregion4.

    MIL OSI USA News –

  • MIL-OSI USA: How To Apply for FEMA Assistance Following April Severe Storms in Kentucky

    Source: US Federal Emergency Management Agency

    Headline: How To Apply for FEMA Assistance Following April Severe Storms in Kentucky

    How To Apply for FEMA Assistance Following April Severe Storms in Kentucky

    FRANKFORT, Ky

    –FEMA is supporting recovery efforts for multiple disasters in Kentucky, including a new major disaster that was just declared on April 25, for severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides that occurred on April 2 and are continuing

    How To Apply for FEMA AssistanceSurvivors in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties who have disaster-caused damage or loss from the April 2 storm can apply for federal disaster assistance under the major disaster declaration DR-4864 in several ways:Online at DisasterAssistance

    gov

    Visit any Disaster Recovery Center

    To find a center close to you, visit fema

    gov/DRC, or text DRC along with your Zip Code to 43362 (Example: “DRC 29169”)

    Use the FEMA mobile app

    Call the FEMA Helpline at 800-621-3362

    It is open 7 a

    m

    to 10 p

    m

    Eastern Daylight Time

    Help is available in many languages

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service

     Assistance from FEMA may include grants for temporary housing while you are unable to live in your home, such as temporary housing assistance or reimbursement for hotel costs for both owners and renters, and grants for disaster-caused expenses and serious needs, such as repair or replacement of personal property and vehicles, funds for moving and storage, medical, dental, childcare and other miscellaneous items

    FEMA assistance may also be provided for repair or replacement of owner-occupied homes that serve as the household’s primary residence, including privately owned access routes, such as driveways, roads or bridges

     Applicants should keep their current contact information on file with FEMA as the agency may need to schedule a home inspection or get additional information

    Disaster assistance is not a substitute for insurance and cannot compensate for all losses caused by a disaster

    The assistance is intended to meet basic needs and supplement disaster recovery efforts

    Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

    The deadline to apply under DR-4864-KY is 60 days from the date of the presidential disaster declaration

     Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Mon, 04/28/2025 – 11:49

    MIL OSI USA News –

  • MIL-OSI USA: Important maintenance work begins this week in southwest Washington

    Source: Washington State News 2

    More work and more delays ahead to improve roads

    VANCOUVER – As summer gets closer, travelers in southwest Washington can expect smoother, safer highways thanks to ongoing road repair work.

    Starting Monday, April 28, Washington State Department of Transportation maintenance crews will begin work across Clark, Cowlitz, Klickitat, Lewis, Pacific, Skamania, and Wahkiakum counties. Due to collisions, storm damage and normal wear and tear on roads and bridges, crews will use the warmer, drier weather to fix roads and improve safety.

    Over the next several months, crews will patch potholes, repair guardrails and lights, repaint lane stripes, replace signs, and clean up litter in work zones.

    “There’s never a good time to close a lane or slow down traffic,” said Maintenance Manager, Brad Clark. “But safety is our top priority. This work helps keep travelers safe by improving the roads. We appreciate everyone’s patience while we complete this work.”

    What can travelers expect

    People should plan for daytime lane closures and slower travel speeds. While these short-term delays may be inconvenient, they lead to long-term improvements, better visibility, and safer roads.

    WSDOT will try to reduce delays and share updates about planned work before it starts, especially while maintaining our busiest highways: Interstate 5, I-205, State Route 14 and SR 500.

    MIL OSI USA News –

  • MIL-OSI USA: ALLEGHENY COUNTY – Shapiro Administration Highlights Recruitment and Retention Efforts of Volunteer Fire Company

    Source: US State of Pennsylvania

    April 29, 2025 – Pittsburgh, PA

    ADVISORY – ALLEGHENY COUNTY – Shapiro Administration Highlights Recruitment and Retention Efforts of Volunteer Fire Company

    Lieutenant Governor Austin Davis and Pennsylvania State Fire Commissioner Thomas Cook will visit the Berkeley Hills Fire Company to tour their facility and learn about the measures they are taking to address their recruitment and retention needs, including their live-in program where participants are offered housing and training in exchange for a commitment to volunteer.

    Governor Josh Shapiro’s 2025-26 proposed budget aims to strengthen fire companies throughout the Commonwealth, including a new $30 million competitive grant program aimed at helping fire companies make transformational changes, including investments in recruitment and retention.

    WHO:
    Lieutenant Governor Austin Davis
    State Fire Commissioner Thomas Cook
    Berkeley Hills Fire Company Chief Dillon Coleman

    WHEN:
    Tuesday, April 29, 2025, at 2:00 PM

    WHERE:
    Berkeley Hills Fire Company, Station 247
    235 Siebert Rd.
    Pittsburgh, PA 15237

    RSVP:
    Press attending should RSVP to Jeff Jumper, jejumper@pa.gov

    MIL OSI USA News –

  • MIL-OSI Video: One Month After Myanmar Earthquakes: Humanitarian Assistance Still Needed | United Nations

    Source: United Nations (Video News)

    One month after two powerful earthquakes struck Myanmar on 28 March 2025, millions are still grappling with the devastating impacts. Even before the disaster, nearly 20 million people across the country needed humanitarian assistance — and the earthquakes have pushed an additional 2 million into urgent need. The UN and partners are delivering critical aid and supporting communities on the long road to recovery.

    https://www.youtube.com/watch?v=_zpnpMxiOXo

    MIL OSI Video –

  • MIL-OSI Global: ‘White Lotus’ music: When talented creators strive to realize their visions, differences and chattering can erupt

    Source: The Conversation – Canada – By James Deaville, Professor of Music, Carleton University

    After the first two seasons of The White Lotus (set respectively in Hawaii and Sicily), the buzz in the media and on social media typically focused on the selection of the next site for the award-winning show.

    Not so much in 2025, after the close of Season 3’s Thailand-based episodes. Instead, the internet and social media have been alive with chatter over the announcement by Canadian Chilean composer Cristóbal Tapia de Veer that he was quitting the mega-hit franchise to the shock and disappointment of many of the show’s fans.

    Tapia de Veer revealed his intention in an interview with the New York Times published April 2, just four days before the season’s finale, which aired to a series-record viewership. His departure announcement, twinned with criticism of White Lotus writer, creator and showrunner Mike White, has highlighted issues with creative tensions behind such collaborative productions.

    ‘The White Lotus’ Season 3 opening theme song.

    Acclaimed music

    The Québec-trained composer’s 2022 and 2023 music-related White Lotus Emmy awards recognize his aural contributions to the highly awarded hit series. The music’s idiosyncratic mixture of a recognizable theme, bizarre vocalizations and site-based instrumentation has received a lot of popular attention and acclaim.



    Read more:
    HBO’s ‘The White Lotus’: Eerie music heightens drama of rich people’s bad behaviour and emotional dysfunction

    In contrast, some members of the public reacted with hostility toward this season’s theme music. This was partly because it did not use the identifiable thematic material that bound together the first seasons: a four-note theme that has been transliterated as “ooh-loo-loo-loos” and was the basis for the title theme music in the first two seasons.

    The Season 3 theme nevertheless sounds familiar due to Tapia de Veer’s ongoing quirky use of the voice. Novel ways of using it have been the foundations of all the Lotus themes, and in Season 3, it imitated monkey sounds.

    As White said in a statement about the show: “There’s this kind of conflict between wanting to be this spiritual creature that has an idealism and working towards something that’s some semblance of goodness, and then there’s this antic monkey side that keeps putting you in situations that are compromised.”

    ‘Ooh-loo-loos’ and creative differences

    Still, Tapia de Veer said he knew his novel Season 3 approach was a “kind of a risk,” to the extent that he produced an extended version with the traditional “ooh-loo-loo-loos” for insertion later in the show, but White rejected the idea.

    According to the composer, White wanted “more of a ‘chill, sexy vibe’” compared to Tapia de Veer’s more experimental tracks. On the Howard Stern Show, when asked what happened, White had a different perspective, saying: “I honestly don’t know what happened. Reading the interviews … I just don’t think he respected me.”

    The director said he didn’t think they had fought, and expressed dismay that Tapia de Veer brought criticisms and perceived differences to the media.

    To this, Tapia de Veer told the BBC he went public because White hadn’t handled the news “in a normal business manner,” and he said White’s comments on the Stern show demonstrated the director doesn’t fully appreciate the importance of the music on the show.

    On his YouTube channel, Tapia de Veer has uploaded another variant of the theme (“Enlightenment”) under the track title “Full Moon Party,” as well as a 45-minute loop of the 11-note theme.

    What unites the Season 3 tracks is the leaping, non-melodic theme, repeated over and over in changing synthesizer settings. The composer has said no soundtrack album for Season 3 will be forthcoming.



    Read more:
    HBO’s ‘The White Lotus’: Eerie music heightens drama of rich people’s bad behaviour and emotional dysfunction

    Scores gives unity through themes

    The positions of White and Tapia de Veer equally suggest a lack of effective communication, and as named or all but named by both parties, a lack of respect. Both are crucial elements behind the interpersonal relationships required in audiovisual production.

    In the traditional collaboration, the composer falls under the leadership of the director or showrunner, not least because the music is the final audiovisual element added to the mix.

    ‘The White Lotus’ music making, video from Cristóbal Tapia de Veer.

    By the time the film text reaches the composer, the visual track and dialogue have been locked — shooting is completed — yet it lacks the decisive contribution the score makes in defining characters, establishing moods and atmospheres, and giving unity to the whole through recurring themes.

    The composer may work at their own keyboard or digital audio workstation, yet customarily in collaboration with the project’s other creative forces, especially the director.

    Notorious score differences

    Differences between film directors or television producers and composers are not new, the most notorious being Stanley Kubrick’s rejection of Alex North’s score for 2001: A Space Odyssey. This was in favour of the music Kubrick had chosen to temporarily accompany the visual track.

    In another well-known instance, Alfred Hitchcock — under pressure from executives at Universal — replaced the Torn Curtain score (1966) by long-term collaborator Bernard Herrmann with more contemporary-sounding music by John Addison, which ended the decade-long association of composer and director.

    More recently, Gabriel Yared’s score for Troy (2004), directed by Wolfgang Petersen, was replaced with one by James Horner, because test audiences disapproved of Yared’s music.

    Composer withdrawls rare

    With The White Lotus, however, we have a composer walking away from a job in a very public way. A composer’s resignation is not without precedent, yet it remains considerably rarer than their firing. Major film scorer Dmitri Tiomkin withdrew from two early 1960s projects directed by Robert Aldrich, but because of other commitments rather than any disagreement.

    In contrast, Leonard Bernstein did threaten to walk away from West Side Story in 1949 over creative tensions with writer Arthur Laurents — still, this was communicated privately.

    Canadian composer Howard Shore withdrew from Peter Jackson’s King Kong (2005), but in this case, Shore said the parting was amicable and related to “differing creative aspirations.”

    Future seasons?

    The drama around White Lotus music is unique because both director and composer have talked with the press.

    If we look beyond the specifics of the music, however, we realize that this is not just about a (new) theme song and its use (or non-use) in the series. Rather, the “differences” cut to the heart of the often fraught working relationship between highly talented creators who strive to realize their visions.

    What does this mean for the music for Season 4 of The White Lotus? White has not suggested a successor, so commentators have fixated on the disagreements over Season 3 rather than speculating about a future sound. We will have to wait and listen.

    James Deaville does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. ‘White Lotus’ music: When talented creators strive to realize their visions, differences and chattering can erupt – https://theconversation.com/white-lotus-music-when-talented-creators-strive-to-realize-their-visions-differences-and-chattering-can-erupt-254032

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Answer to a written question – Reconstruction of Gaza in the context of the EU Strategy for the Middle East – E-000745/2025(ASW)

    Source: European Parliament

    The European External Action Service and the Commission are currently carrying out preparatory work for the EU Strategy for the Middle East.

    Given the huge shifts in the region over the last months, and the significant changes still occurring, the EU aims to avoid publishing a strategy which would become rapidly obsolete.

    The EU aims first to finalise work on the New Pact for the Mediterranean, before pushing ahead with the strategy. The High Representative/Vice-President will be working very closely with the Commissioner for the Mediterranean and other members of the College in preparing the strategy.

    The EU welcomed the Gaza Recovery, Reconstruction and Development Plan by the Arab states as a good basis for future cooperation.

    The international community must work with the Palestinians to rebuild the Gaza strip. The EU firmly rejects any proposal to displace Palestinians from Gaza. The EU will work closely with its international partners and key players in the region to build on this initiative.

    In the short-term, the EU’s priority remains a resumption of the ceasefire in Gaza, to allow the release of all the hostages, the restarting of humanitarian aid deliveries at scale to the people of Gaza and a permanent end to hostilities.

    Last updated: 28 April 2025

    MIL OSI Europe News –

  • MIL-OSI Security: Hammonds Plains — RCMP Halifax Regional Detachment investigates vehicle crash

    Source: Royal Canadian Mounted Police

    RCMP Halifax Regional Detachment is investigating a vehicle crash involving a fatality in Hammonds Plains.

    Yesterday, at approximately 8:40 p.m., RCMP officers, fire services, and EHS responded to a report of a vehicle crash at the intersection of Kingswood Dr. and Terradore Ln. Investigators learned that a Ford Edge travelling on Terradore Ln. went through the intersection, struck a fire hydrant, and came to rest in the tree line.

    The driver, a 72-year-old Hammonds Plains man, who was pronounced deceased at the scene, is believed to have suffered a medical incident.

    The passenger, a 70-year-old Hammonds Plains woman, suffered non-life-threatening injuries and was transported to hospital by EHS.

    The investigation remains ongoing.

    Our thoughts are with the man’s loved ones at this difficult time.

    File #: 25-58591

    MIL Security OSI –