Track market-moving stories before they get noisy

, /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) today announced that Chris Hacker has been named Head of Corporate Security, succeeding Jane Rhodes, who has announced her retirement.

In this role, Hacker will lead Charter's Corporate Physical Security (CPS) organization, overseeing programs designed to help protect the Company's employees, facilities, and operations. He will also manage key partnerships with law enforcement and public safety agencies and help advance Charter's security strategy across its footprint.

Chris Hacker, Head of Corporate Security, Charter Communications "Chris brings an exceptional combination of security leadership, operational experience and public service," said Paul Marchand, Charter's Chief Human Resources Officer. "His background leading complex security organizations, strengthening partnerships with law enforcement, and building proactive risk management programs makes him the right leader to guide Charter's Corporate Security organization into the future."

Hacker joins Charter with more than two decades of leadership experience in corporate security, investigations, crisis response and law enforcement. Most recently, he served as Director of Corporate Security Programs, Executive Protection & Investigations at Delta Air Lines, where he led global security frameworks supporting more than 200,000 employees and contractors, and oversaw programs spanning executive protection, insider risk, investigations, security technology and crisis management. In that role, he helped modernize security operations, strengthen event and executive security programs, and implement enhanced access control, visitor management, and response capabilities.

Prior to Delta, Hacker spent more than 20 years with the Federal Bureau of Investigation, serving in several senior leadership roles, including Special Agent in Charge in Atlanta, where he led more than 700 personnel across national security, intelligence, criminal investigations, cybercrime and crisis response. During his FBI career, he also served as Deputy Assistant Director / Acting Assistant Director and Chief of Staff, overseeing major investigative operations, advising senior government leaders on criminal policy and strategy, and helping modernize crisis response capabilities.

Hacker holds a bachelor's degree in criminal justice and psychology from Eastern Kentucky University. He is the recipient of the FBI Medal of Excellence and the 2021 Meritorious Rank Award from the President of the United States for sustained performance and leadership as a member of the FBI's Senior Executive Service.

About Charter 
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.  

More information about Charter can be found at corporate.charter.com.

SOURCE Charter Communications, Inc.

On May 13, 2026, we delve into the DCF analysis for Electronic Arts Inc EA , a company that has shown a price performance of +34.9% over the past year, despite a slight decline of -1.9% year-to-date. The current price stands at $200.19, reflecting significant market interest.

DCF Earnings-based intrinsic value of $34.08 vs price of $200.19 (margin of safety: -397.0%) DCF FCF-based intrinsic value of $117.49 vs price (second opinion: modestly overvalued with -70.4% margin of safety) GF Score™ of 93/100 indicates high reliability of the DCF inputs What Is EA Worth? DCF Earnings-Based Model The DCF earnings-based model for Electronic Arts Inc EA utilizes a two-stage approach to estimate the intrinsic value of the stock. The first stage accounts for the growth phase over the next ten years, where we expect the earnings per share (EPS) to grow at a rate of 2.4% annually. This growth is then discounted at a rate of 11%, which is derived from the risk-free rate and equity risk premium. The second stage considers a terminal growth rate of 4% for the subsequent ten years, also discounted at 11%.

Parameter Value Current EPS (TTM, excl. non-recurring) $3.49 10-Year Growth Rate 2.4% 10-Year Treasury Rate 4.33% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 2.4%, discounted at 11% $23.00 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $11.08 Intrinsic Value Growth + Terminal $34.08 Comparing the current price of $200.19 against the intrinsic value of $34.08, we find that EA is significantly overvalued, with a margin of safety of -397.0%. It is important to note that GuruFocus uses EPS without non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further calculations, you can visit the EA DCF Calculator.

What Does the Free Cash Flow DCF Say? In addition to the earnings-based model, we also consider the free cash flow (FCF) DCF model, which yields an intrinsic value of $117.49. When comparing this with the earnings-based intrinsic value of $34.08, we see a divergence in the valuation perspectives. The FCF model suggests that EA is modestly overvalued, with a margin of safety of -70.4%.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Electronic Arts Inc is calculated at $158.06, providing a third perspective on the valuation. GF Value™ is GuruFocus' proprietary measure, derived from historical trading multiples, past business growth, and future performance estimates. When we examine the three models—DCF earnings, DCF FCF, and GF Value™—we find that they all indicate a consensus of overvaluation for EA. For more details, visit the GF Value™ page.

What Does EA's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested from 2006 to 2021). For Electronic Arts Inc, the GF Score™ is 93/100, indicating a strong performance across these metrics. The predictability rank is 2/5 stars, suggesting that the DCF model may be less reliable for this stock.

Metric Rating GF Score™ 93/100 Financial Strength 8/10 Profitability 9/10 Growth 9/10 Valuation 5/10 Momentum 9/10 Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Additionally, stocks with low predictability ratings tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect actual future performance.

What This Means for Investors In synthesizing the findings from the DCF earnings model, the DCF FCF model, and the GF Value™, it is clear that Electronic Arts Inc is currently overvalued. The significant discrepancies between the intrinsic values derived from these models and the current market price suggest caution for potential investors. For the full DCF analysis, visit the EA DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is EA's intrinsic value based on DCF?

[Answer: earnings-based $40.28, FCF-based $117.49]

Is EA overvalued or undervalued?

[Answer using DCF + GF Value™ consensus]

How reliable is the DCF model for EA?

[Answer using predictability rank 2/5]

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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The story continues with the 2026 Season Pack* for EA SPORTS’™ F1® 25, Featuring New Teams, Drivers & Rosters, Rules & Regulations, and MADRING Track

Watch the Reveal Trailer Here

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) invites players to rewrite the grid in the all-new 2026 Season Pack* for EA SPORTS’™ F1® 25, the official video game of the 2026 FIA Formula One World Championship™, coming to PlayStation®5, Xbox Series X|S and PC on June 3, 2026. The 2026 Season Pack welcomes in a groundbreaking new era of F1®, featuring the updated rules and regulations for the 2026 F1® season, the introduction of two teams: Audi & Cadillac, and their driver rosters to the grid, new action-packed gameplay features, and the highly anticipated MADRING circuit; the first new F1® circuit since 2023.

The F1® 25: 2026 Season Pack continues to innovate the iconic racing experience. Implementing real-world regulation changes, the 2026 Season Pack showcases lighter, smaller cars† with active aerodynamics that are more responsive, whether you're using a gamepad or a wheel. Additionally, the all-new Overtake Mode creates extra strategic options for drivers of all abilities, with new assist options available to players for closer racing and a tactical, action-packed experience.

Adding to the excitement, the Spanish Grand Prix™ debuts with the all-new MADRING†† circuit, the first new F1® circuit since 2023, available only in the F1® 25: 2026 Season Pack. Set against the backdrop of Madrid, the hybrid street and purpose-built track gives players a taste of adrenaline-filled, high-speed action, and the opportunity to race on the track before the September 2026 Grand Prix™.

“The F1® 25: 2026 Season Pack marks the beginning of a bold new era for Formula 1,” said Lee Mather, Senior Creative Director at Codemasters. “With sweeping regulation changes and new teams and rivalries redefining the grid, players can experience the most significant evolution of the sport in over a decade. We are thrilled to bring these changes to players, including the incredible opportunity to race virtually on the MADRING circuit before the race, and look forward to sharing more soon.”

The F1® grid expands to eleven teams in 2026†††, with My Team returning for players to take control and become the 12th team on the grid with their custom squad. Audi and Cadillac make their debut in the F1® 25: 2026 Season Pack* lineup, bringing the all-American thrills of Cadillac and introducing Audi’s iconic brand and motorsport heritage. New drivers, adjusted rosters, and returning icons additionally hit the track, with fan favorites Valtteri Bottas and Sergio Perez headlining the all-new Cadillac team and standout Gabriel Bortoleto and Nico Hülkenberg joining the lineup for Audi.

"I'm so pleased to be able to partner with EA SPORTS because games are such an incredible way for fans to experience our sport," said Lewis Hamilton. "This year, we’ve entered a new era in Formula 1, with new regulations which have changed so much about the sport. The EA SPORTS team has done a great job bringing these changes to life in the F1® 25: 2026 Season Pack, from the cars and power units to the new tracks like MADRING. I can't wait for fans out there to get behind the wheel and experience this new season for themselves.”

For those new or returning to the F1 franchise, the brand-new EA SPORTS F1® 25: 2026 Season Edition brings together F1® 25 base game and the 2026 Season Pack in one bundle for the most complete Formula One® experience. Take on the action-packed 2025 season, then launch a new career with the groundbreaking 2026 teams, the next generation of Grand Prix™ racing.

Pricing**
EA SPORTS’™ F1® 25: 2026 Season Pack
CONSOLE SUGGESTED RETAIL PRICE: $29.99 | €29.99 | £24.99
PC SUGGESTED RETAIL PRICE: $24.99 | €24.99 | £21.99

EA SPORTS’™ F1® 25: 2026 Season Edition
CONSOLE SUGGESTED RETAIL PRICE: $49.99 | €59.99 | £49.99
PC SUGGESTED RETAIL PRICE: $49.99 | €49.99 | £44.99

Developed by Codemasters, EA SPORTS’™ F1® 25: 2026 SEASON PACK will be available June 3, 2026 on PlayStation®5, Xbox Series X|S, and PC. Wishlist EA SPORTS’™ F1® 25: 2026 Season Pack now on Steam, Xbox, or the EA App, and EA SPORTS’™ F1® 25: 2026 Season Edition on Xbox.

For more information, visit https://www.ea.com/games/f1/f1-25.

Subscribe to the official YouTube channel for all trailers and videos, and join the EA SPORTS F1® community on TikTok and Instagram. You can also follow us on X at @easportsf1 to stay up to date on the latest news.

PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com

*Requires F1® 25 (sold separately), all game updates, internet connection & EA Account.

**Prices may vary by retailer or change; see retailer sites for details.

†Some final car models will release in a post-launch update; internet connection required.

††MADRING circuit can only be driven with 2026 cars.

†††Custom teams and career saves from the 2025 season do not transfer to the 2026 season. Konnersport or APXGP teams cannot be added to the 2026 season of Driver Career or My Team.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

More News From Electronic Arts Inc.

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Dante Moore, Malachi Toney and Kewan Lacy Appear on the College Football 27 Standard Edition, While Deluxe Edition Features Colin Simmons, Leonard Moore, Jayden Maiava and Coach Curt Cignetti

Fans Can Expect Full Game Reveal This Thursday and Worldwide Launch on July 9

REDWOOD CITY, Calif.--(BUSINESS WIRE)--EA SPORTS™ today revealed the covers of EA SPORTS™ College Football 27 ahead of the game’s full reveal this Thursday. Oregon quarterback Dante Moore, Miami wide receiver Malachi Toney, and Ole Miss running back Kewan Lacy shine on the Standard Edition cover as a trio of electrifying playmakers who stood out in a competitive 2025-2026 college football season. The Deluxe Edition is joined by prominent defenders Texas linebacker Colin Simmons and Notre Dame cornerback Leonard Moore, alongside USC quarterback Jayden Maiava, national championship-winning coach Curt Cignetti, several beloved mascots and iconic gameday gear, celebrating the breadth of successful collegiate programs.

"College Football 27 promises to be an incredible year, one in which we're able to start reflecting the modern era of college football more authentically and with more depth for our players than ever before," said Evan Dexter, VP of Franchise Strategy and Marketing. "Our cover athletes – Kewan Lacy, Malachi Toney, and Dante Moore – represent that modern era by transcending programs and drawing in generations of college football fans, regardless of their school pride. We built the game for those fans and we can't wait for them to see the full reveal of College Football 27 on June 4."

The three Standard Edition athletes delivered standout performances to earn them the coveted cover spot. Moore capped the season with over 3,500 yards and 30 touchdowns, leading the Ducks deep into the playoffs. Toney, who began his collegiate career at just 17 years old, shattered the Hurricanes’ all-time single-season receptions record with 109 catches for more than 1,200 yards and starred in the National Championship Game. Lacy was a force during his first season with the Rebels, rushing more than 1,500 yards and earning 24 touchdowns.

“Being on the cover of EA SPORTS College Football 27 is an absolute privilege after growing up a fan of the game,” said Moore. “Coach Lanning and The Duck were on last year's Deluxe Edition, and now to carry that legacy forward and represent Oregon myself makes me really proud.”

“Having this opportunity after only my freshman year means everything to me. I’m incredibly grateful for the support of the Miami community, and this honor of knowing EA believes in what I’m capable of deepens my drive to show up for the program and the fans who have believed in me from day one,” said Toney.

“I would play this game for hours with my family growing up, so now being on the cover of EA SPORTS College Football 27 representing Ole Miss feels surreal,” said Lacy. “It’s truly a once-in-a-lifetime opportunity.”

The Deluxe Edition cover celebrates some of the most notable programs in College Football today. The Longhorns’ edge rusher Colin Simmons headlines one of the most dominant defenses in the country after recording 43 tackles, 12 sacks and three forced fumbles last season, while Notre Dame standout Leonard Moore became an All-American cornerback in just his second season with the Fighting Irish. Jayden Maiava is one of the most anticipated quarterbacks to watch this season after scoring 30 touchdowns for the Trojans in 2025. Joining the athletes is Coach Curt Cignetti, who guided the Indiana Hoosiers to their first-ever national championship, representing coaching brilliance and vision that carries beyond the field. Mascots from several colleges and iconic gameday imagery from across the country also appear on the Deluxe Edition cover, honoring the traditions and pageantry that make the game unlike any other sport.

More College Football 27 details will be shared this Thursday, June 4, on the @EAMaddenNFL YouTube channel. Fans can stay up to date by visiting the official website or following along on social media (Instagram, X, YouTube, and TikTok) for all the latest announcements.

EA Play members can step into the modern era in EA SPORTS™ College Football 27 with the EA Play* 10-hour Early Access trial, starting July 2, 2026. EA Play Pro members can play the EA Play Pro Edition starting July 6, 2026. Members also score recurring monthly College Ultimate Team™ Packs, as well as receive 10% off EA digital content including pre-orders, game downloads, Season Passes, College Football Points, and DLC. For more information on EA Play, please visit the EA Play website.

*Conditions, limitations and exclusions apply. See tos.ea.com/legalapp/eaplay/US/en/PC/ for details.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

More News From Electronic Arts Inc.

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Radulovic-Nastic brings more than two decades of experience scaling AI and engineering at one of the world's largest interactive entertainment companies.

VANCOUVER, British Columbia, June 2, 2026 – TheNewswire — Yocale.ai Inc. (CSE: YAI), an AI-powered operating system for the global beauty and wellness industry, today announced the appointment of Marija Radulovic-Nastic, former Chief Technology Officer of Electronic Arts, to its Advisory Board as Data and Intelligence Advisor.

The appointment reinforces the central role of applied AI in Yocale.ai's product strategy and long-term platform roadmap.

Radulovic-Nastic served as Chief Technology Officer of Electronic Arts (NASDAQ: EA) from 2022 to 2025, capping a 21-year career at EA leading the engineering and applied research organizations behind some of the world's most widely played interactive entertainment experiences. Earlier at EA, she held the roles of Senior Vice President of Development Technology and Solutions and Vice President of Central Development Services. She is currently CEO of Adriatic Intelligence Group, where she advises boards and executive teams on AI strategy, technology governance, and enterprise adoption.

"Marija led large-scale engineering, data, and applied AI capabilities in one of the world’s most demanding consumer technology environments," said Aydin Asli, Chief Executive Officer of Yocale.ai. "EA reaches hundreds of millions of players, with AI threaded through every layer of the experience. That is the operating mindset we want shaping how Yocale.ai turns the underlying Yocale platform's decade of operating foundation into practical intelligence that beauty and wellness businesses feel in their day-to-day. Her involvement raises the bar for what we build next."

"In beauty and wellness, the craft is the business," said Marija Radulovic-Nastic. "What drew me to Yocale.ai is simple. Yocale builds the business around people. This is one of the largest service economies in the world, built on relationships between operators and the clients they serve, and for years it has been digitized at the surface while the intelligence layer underneath has been missing. Yocale.ai is rebuilding the category around that intelligence, with AI built around the people doing the work so the team stays focused on what they are great at. When you do that well, the platform stops being a tool the operator picks up and starts being the infrastructure the industry runs on. That is the future of applied AI in service industries, and it is the kind of company I want to be helping build."

As Data and Intelligence Advisor, Radulovic-Nastic will work closely with Yocale.ai's executive team on the Company's AI and data strategy, applied research priorities, and technology assessment of acquisition opportunities.  The Company expects to continue expanding its Advisory Board as part of its growth and technology strategy.

About Marija Radulovic-Nastic

Marija Radulovic-Nastic is a senior technology executive, board director, and strategic advisor based in Vancouver, British Columbia. She served as Chief Technology Officer of Electronic Arts (NASDAQ: EA) from 2022 to 2025, capping a 21-year career at EA spent leading the engineering and applied research organizations behind some of the world's most widely played interactive entertainment experiences. She now advises select AI, technology, and growth companies, has served as a director of Purebread Brands Inc. (TSXV: BRED), and was a member of the Fast Company Impact Council. She holds an M.Sc. in Electrical Engineering from the University of Belgrade and has completed executive programs at Stanford Graduate School of Business. She has been recognized with the Minerva Foundation's Women in Technology Award for Leadership and Excellence.

About Yocale.ai

Yocale.ai Inc. (CSE: YAI) is an AI-powered operating system for the global beauty and wellness industry, built to power the next generation of service-based businesses. Combining SaaS, embedded fintech, and intelligent automation, Yocale.ai gives businesses of every size, from independent salons and med-spas to multi-location wellness brands, a single platform to run and grow their entire revenue engine. The platform applies AI to automate administrative work, strengthen follow-up and rebooking, and surface insights that improve retention and utilization. Built on more than a decade of development through the Yocale platform, which has supported thousands of businesses across more than 22 countries, Yocale.ai is headquartered in Vancouver, Canada. Learn more at www.yocale.ai.

Yocale.ai Contact:

Aydin Asli

Chief Executive Officer & Director

350-889 Harbourside Drive

North Vancouver, British Columbia V7P 3S1

Tel: 1 855-996-2253

Email: [email protected]

Website: www.yocale.ai

  CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION  

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements include, but are not limited to, statements relating to:; Yocale.ai’s software platform, AI and data strategy, advisory board development, acquisition strategy, business plans, expectations, operations and growth.”

The forward-looking information reflect Yocale.ai’s beliefs and assumptions with respect to, but not limited to: management's perceptions of historical trends, current conditions and expected future developments, success of the Company's business; currency exchange rates; availability of funds for the Company's business plans and strategy; no unplanned delays or interruptions in the Company’s business and operations; and the ability to comply with applicable laws.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks include, but are not limited to; the inherent risks involved in the general securities markets; risks related to our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses; currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties risks inherent to Yocale.ai’s business generally and relating to historical and future financial results as it relates to Yocale.ai’s financial condition or results; Yocale.ai’s ability to meet capital raising and investment targets; the effect of reductions or increases in Yocale.ai’s borrowing costs; exposure to counterparties and partners, including ability and willingness of such parties to satisfy contractual obligations in a timely manner; future capital expenditures; demand for Yocale.ai’s services; the development and execution of Yocale.ai’s plans; the availability and cost of labour, materials, services and infrastructure; applicable laws and government policies; and the risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA) invites players to hop into the driver's seat for the definitive new era of Formula 1® Racing: the F1® 25: 2026 Season Pack*, available today on PlayStation®5, Xbox Series X|S, and PC. To mark the launch, EA SPORTS™ F1 has released a special video of the brand-new MADRING Circuit featuring seven-time World Champion Lewis Hamilton and global football icon Zlatan Ibrahimović going head-to-head in-game, giving fans an exclusive first look at the action. Watch the video HERE.

As the official video game of the FIA Formula One World Championship, the F1® 25: 2026 Season Pack ushers in the next chapter of the beloved racing game, with all-new rules and regulations, cars, drivers, teams and gameplay features for the 2026 F1® Season, including the highly anticipated arrival of the FORMULA 1 TAG HEUER GRAN PREMIO DE ESPAÑA 2026. This year, the F1® grid expands to eleven teams, introducing Cadillac, the first major American car manufacturer to join the ranks of F1®, and introducing Audi’s iconic brand and motorsport heritage. The competition heats up even more this year with all-new Overtake Mode and Active Aerodynamics, which will have drivers racing wheel-to-wheel to the finish line.

“We designed the F1® 25: 2026 Season Pack to truly embody a new era of F1,” said Lee Mather, Senior Creative Director, Codemasters. “We’re putting players in the driver’s seat to rewrite the grid their way, from strategically leveraging Overtake Mode and Active Aerodynamics to propel yourself to the finish line, to becoming the first to put the pedal to the metal on the new MADRING Circuit, there are so many ways to make the competition your own this year.”

EA SPORTS™ F1® 25: 2026 Season Pack introduces the following new gameplay features for the authentic racing experience of the 2026 F1® season, with new teams, drivers, and enhanced vehicles for unmatched competition:

The Spanish Grand Prix Debuts With The All-New MADRING Circuit - Get ready to race at MADRING, the first new F1® circuit since 2023, available only in the F1®25: 2026 Season Pack. Set in Madrid, this hybrid street and purpose-built track will challenge players in high-speed action across 5.4 km and 22 adrenaline-filled corners. The MADRING circuit is only available to drive with the 2026 cars, as this track was designed specifically for the new season. Hit The Track With The New Cadillac and Audi Revolut F1® Teams - The F1® grid expands to eleven teams in 2026, and EA SPORTS™ F1® 25: 2026 Season Pack gives players the opportunity to get behind the wheel with the new challengers. Experience the all-American thrills of Cadillac, the first major American car manufacturer to join the ranks of F1®, or jump into the Audi Revolut machines, introducing Audi’s iconic brand and motorsport heritage. New Drivers and Returning Fan Favorites - Dive into the latest driver line-ups, with fan favorites Valtteri Bottas and Sergio Perez headlining the all-new Cadillac team to bring the US team invaluable experience in its inaugural year. At Racing Bulls, Arvid Lindblad joins Liam Lawson, while Isack Hadjar steps in to partner Max Verstappen at Oracle Red Bull Racing. Drive the Next-Generation of F1® - Whether using a gamepad or a wheel, players will feel the thrill of the 2026 F1® grid with lighter, smaller cars** and cutting-edge active aerodynamics for a more responsive drive. This year, players have a bigger role to play than ever before in making even more tactical and strategic decisions throughout a race. Choose when to deploy the new Overtake Mode for a jaw-dropping boost of power, perfect for strategic overtakes and intense battles. Plus enjoy real-time adjustments to your front and rear wings with Active Aerodynamics, optimizing your speed in every corner and straight. For added immersion on the track, the 2026 Season Pack’s new assists can help manage everything behind the scenes. Players will experience new features for the 2026 season across Driver Career, My Team, Grand Prix, Time Trial, Split-Screen, and Unranked Multiplayer modes. In Driver Career and My Team, players can start a new 2026 save to get the latest teams, drivers, rules, fresh objectives, and an updated calendar featuring the new Spanish Grand Prix. In My Team, players can customize their squad to be the twelfth on the grid, as the official grid expands to eleven teams in 2026, with the introduction of the all-new Cadillac and Audi teams.†

As part of the launch of the F1® 25: 2026 Season Pack, all F1® 25 players will see a new in-game takeover and key art highlighting the new content available to purchase from June 3, 2026.

EA Play Pro members unlock unlimited access to the F1 25: 2026 Season Season Pack. Additionally, EA Play members score a monthly 5000 XP boost, and can save 10% on EA digital purchases, including PitCoin, and the F1 25: 2026 Season Pack. More details are available on EA Play.

For more information, visit https://www.ea.com/games/f1/f1-25.

Subscribe to the official YouTube channel for all trailers and videos, and join the EA SPORTS F1® community on TikTok and Instagram. You can also follow us on X at @easportsf1 to stay up to date on the latest news.

PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com

*Requires F1® 25 (sold separately), all game updates, internet connection & EA Account. Internet connection & all game updates required to access certain content.

**Some final car models will release in a post-launch update; internet connection required.

†Custom teams and career saves from the 2025 season do not transfer to the 2026 season. Konnersport or APXGP teams cannot be added to the 2026 season of Driver Career or My Team.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

F1® 2025 Game - an official product of the FIA FORMULA ONE WORLD CHAMPIONSHIP. © 2025 Electronic Arts Inc. EA, EA SPORTS, the EA SPORTS logo, and Codemasters are trademarks of Electronic Arts Inc. The F1 FORMULA 1 logo, F1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. The F2 FIA FORMULA 2 CHAMPIONSHIP logo, FIA FORMULA 2 CHAMPIONSHIP, FIA FORMULA 2, FORMULA 2, F2 and related marks are trademarks of the Federation Internationale de L’Automobile and used exclusively under license. All rights reserved.

More News From Electronic Arts Inc.

Fans worldwide can experience The World’s Game like never before with the latest international football update, available at no additional cost* in EA SPORTS FC™ 26 and EA SPORTS FC™ Mobile.

Plus, fans yet to jump into the action in EA SPORTS FC™ 26 can pick up The World’s Game Edition to receive a Gold Starting XI Pack and three untradeable Player Picks.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--As the summer of international football begins, EA SPORTS FC™ brings fans closer to the drama, intensity, and passion of global competition with The World’s Game Update, available now at no additional cost in EA SPORTS FC™ 26 and EA SPORTS FC™ Mobile. History is playable in EA SPORTS FC™, as fans can play, celebrate, and engage with football culture across multiple modes in an experience inspired by the global game.

WATCH THE WORLD’S GAME TRAILER FEATURING JUDE BELLINGHAM, ENDRICK, PEDRI, WESTON MCKENNIE, ZLATAN IBRAHIMOVIĆ, AND DAVID BECKHAM

With 53 fully licensed national teams, including 41 qualified nations such as England, Germany, Mexico, Canada, USA, Uruguay, Korea Republic, Saudi Arabia, Australia, and more, The World’s Game gives fans the opportunity to lead their nation to glory, create their own football lore, and rewrite history. Newly announced licensing partnerships with Brazil, Turkey, Spain, and Portugal further enhance in-game authenticity, allowing players to represent some of the world’s most iconic footballing nations with official kits, crests, and player likenesses.

“I’m excited for fans to be able to cheer us on and stay connected to the team through The World’s Game,” said England Midfielder and FC 26 Cover Star Jude Bellingham. “I know the game holds a special place in everyone’s heart during these moments, and that fans all over the globe and back home will be playing along throughout the tournament. I’m really grateful for their support as we compete this summer.”

“Representing Brazil on the global stage is something that I’ve dreamed of since I was a kid. To wear the national team shirt and see myself in FC 26 and FC Mobile is incredible,” said Brazil forward Endrick. “It’s a special opportunity for me and for fans worldwide to connect with their national teams in EA SPORTS FC, and I hope they enjoy The World’s Game as much as I enjoy playing for Brazil.”

The EA SPORTS FC 26 update introduces a new 48-team standalone tournament mode that follows the journey from the Group Stage through the Knockout Rounds, culminating in the final. One-off international matchups will also be playable in Kick Off, allowing players to choose from 60 nations and create their own international football stories.

EA SPORTS FC™ 26: THE WORLD’S GAME EDITION

For fans who have yet to jump into the action on console or PC, they can kick off the summer of international football with EA SPORTS FC™ 26: The World’s Game Edition, featuring a Gold Starting XI Pack and three untradeable Player Picks from select EA SPORTS FC™ 26 FUT™ campaigns.

The World’s Game Edition includes:

3,000 Season Points Receive 3,000 Season Points for use in the FC Season Pass One Gold Starting XI Pack (rated 84 OVR or higher, with at least one guaranteed 86+ rated player) Contains 1 Goalkeeper, 4 Defenders, 3 Midfielders, and 3 Attackers. All Items are untradeable 1 of 5 Elite Campaign Player Pick (untradeable) Choose from 1 of 5 Elite Campaign Players rated 90–93 OVR, from a selection of EA SPORTS FC™ 26 FUT™ campaigns § 1 of 5 ICONs or Heroes Player Pick (untradeable) Choose from 1 of 5 ICONs or Heroes, rated 90–94 OVR from a selection of EA SPORTS FC™ 26 FUT™ campaigns §§ 1 of 12 International TOTS Player Pick (untradeable) Choose from 1 of 12 International Team of the Season Players rated up to 95 OVR §§§ HISTORY IS PLAYABLE IN FC 26 FOOTBALL ULTIMATE TEAM AND CAREER

The World’s Game Update celebrates one of football’s greatest talents, Pelé. Fans who log in to Ultimate Team during the Festival of Football event will receive a 93 OVR Festival of Football ICON Pelé and three ‘Choose Your Journey’ Evolutions** celebrating his international achievements in 1970.

International football also arrives in FC 26 Football Ultimate Team™ as the new Journey of Nations introduces an Event Hub for the Festival of Football Season. Travelling across all five continents, fans can return each week for new campaigns, earning rewards inspired by iconic players, historic nations, and emerging stars from every region.

Alongside The World’s Game Update, Football Ultimate Team™ in FC 26 introduces new Tokens tied to events and campaigns, offering greater choice over how fans play and what they earn, completing challenges and redeeming themed rewards in a dedicated store.

The World’s Game Update also extends to FC 26 Manager Career through the addition of the International Men’s Tournament, following the same structure and rules as ‘The World’s Game’ mode. Player Career also benefits from Festival of Football-themed ICONs and Heroes, new Manager Live Challenges, and Season Objectives tied to national teams.

Read the FC 26 Pitch Notes for more information on what’s coming to FC 26 with The World’s Game update. For more information on EA SPORTS FC™ 26, please visit easports.com/fc26. Stay up-to-date on all upcoming news and announcements for EA SPORTS FC on our social channels.

PLAY THE WORLD’S GAME ANYWHERE ON FC MOBILE

In EA SPORTS FC™ Mobile, players can compete for international glory with the new fully immersive Tournament Mode. ‘The World’s Game’ Tournament features more than 50 national teams to choose from, with each team matchday-ready featuring national kits, team history, star ratings, flag-themed Player Items, and ICONs and Heroes.

The World’s Game Update for FC Mobile also introduces Quick Match, letting players create a dedicated game room and share the code for a seamless, fast setup with friends or new challengers. Choose from your personal squad, or any club or national team, as you compete in Head-to-Head or VS Attack modes.

See more information available in the FC Mobile The World’s Game Update Patch Notes. For more news and information on EA SPORTS FC™ Mobile, stay tuned to the official website and social channels across Facebook, Instagram, X, and YouTube. Download the game on the App Store and Google Play Store to play Anywhere For the Club.

*Requires base game (sold separately) and internet connection. EA Account and/or platform may also be required.

**Conditions & restrictions apply. See ea.com/games/ea-sports-fc/fc-26/game-disclaimers for details.

§ Picks pulled from Knockout Royalty, Fantasy FC, FUT Birthday, Answer the Call and UEFA Road to the Final.

§§ Picks pulled from Knockout Royalty, Fantasy FC, FUT Birthday and Trophy Titans.

§§§ Picks include 1 player from each of; Argentina, Brazil, Canada, England, France, Germany, Mexico, Netherlands, Portugal, Saudi Arabia, Spain, USA.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

Category: EA SPORTS

More News From Electronic Arts Inc.

As the summer of international football begins, EA SPORTS FC™ brings fans closer to the drama, intensity, and passion of global competition with The World’s Game Update, available now at no additional cost in EA SPORTS FC™ 26 and EA SPORTS FC™ Mobile. History is playable in EA SPORTS FC™, as fans can play, celebrate, and engage with football culture across multiple modes in an experience inspired by the global game.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604134359/en/

EA SPORTS FC The World's Game Edition - Play Now

WATCH THE WORLD’S GAME TRAILER FEATURING JUDE BELLINGHAM, ENDRICK, PEDRI, WESTON MCKENNIE, ZLATAN IBRAHIMOVIĆ, AND DAVID BECKHAM

With 53 fully licensed national teams, including 41 qualified nations such as England, Germany, Mexico, Canada, USA, Uruguay, Korea Republic, Saudi Arabia, Australia, and more, The World’s Game gives fans the opportunity to lead their nation to glory, create their own football lore, and rewrite history. Newly announced licensing partnerships with Brazil, Turkey, Spain, and Portugal further enhance in-game authenticity, allowing players to represent some of the world’s most iconic footballing nations with official kits, crests, and player likenesses.

“I’m excited for fans to be able to cheer us on and stay connected to the team through The World’s Game,” said England Midfielder and FC 26 Cover Star Jude Bellingham. “I know the game holds a special place in everyone’s heart during these moments, and that fans all over the globe and back home will be playing along throughout the tournament. I’m really grateful for their support as we compete this summer.”

“Representing Brazil on the global stage is something that I’ve dreamed of since I was a kid. To wear the national team shirt and see myself in FC 26 and FC Mobile is incredible,” said Brazil forward Endrick. “It’s a special opportunity for me and for fans worldwide to connect with their national teams in EA SPORTS FC, and I hope they enjoy The World’s Game as much as I enjoy playing for Brazil.”

The EA SPORTS FC 26 update introduces a new 48-team standalone tournament mode that follows the journey from the Group Stage through the Knockout Rounds, culminating in the final. One-off international matchups will also be playable in Kick Off, allowing players to choose from 60 nations and create their own international football stories.

EA SPORTS FC™ 26: THE WORLD’S GAME EDITION

For fans who have yet to jump into the action on console or PC, they can kick off the summer of international football with EA SPORTS FC™ 26: The World’s Game Edition, featuring a Gold Starting XI Pack and three untradeable Player Picks from select EA SPORTS FC™ 26 FUT™ campaigns.

The World’s Game Edition includes:

3,000 Season Points Receive 3,000 Season Points for use in the FC Season Pass One Gold Starting XI Pack (rated 84 OVR or higher, with at least one guaranteed 86+ rated player) Contains 1 Goalkeeper, 4 Defenders, 3 Midfielders, and 3 Attackers. All Items are untradeable 1 of 5 Elite Campaign Player Pick (untradeable) Choose from 1 of 5 Elite Campaign Players rated 90–93 OVR, from a selection of EA SPORTS FC™ 26 FUT™ campaigns § 1 of 5 ICONs or Heroes Player Pick (untradeable) Choose from 1 of 5 ICONs or Heroes, rated 90–94 OVR from a selection of EA SPORTS FC™ 26 FUT™ campaigns §§ 1 of 12 International TOTS Player Pick (untradeable) Choose from 1 of 12 International Team of the Season Players rated up to 95 OVR §§§ HISTORY IS PLAYABLE IN FC 26 FOOTBALL ULTIMATE TEAM AND CAREER

The World’s Game Update celebrates one of football’s greatest talents, Pelé. Fans who log in to Ultimate Team during the Festival of Football event will receive a 93 OVR Festival of Football ICON Pelé and three ‘Choose Your Journey’ Evolutions** celebrating his international achievements in 1970.

International football also arrives in FC 26 Football Ultimate Team™ as the new Journey of Nations introduces an Event Hub for the Festival of Football Season. Travelling across all five continents, fans can return each week for new campaigns, earning rewards inspired by iconic players, historic nations, and emerging stars from every region.

Alongside The World’s Game Update, Football Ultimate Team™ in FC 26 introduces new Tokens tied to events and campaigns, offering greater choice over how fans play and what they earn, completing challenges and redeeming themed rewards in a dedicated store.

The World’s Game Update also extends to FC 26 Manager Career through the addition of the International Men’s Tournament, following the same structure and rules as ‘The World’s Game’ mode. Player Career also benefits from Festival of Football-themed ICONs and Heroes, new Manager Live Challenges, and Season Objectives tied to national teams.

Read the FC 26 Pitch Notes for more information on what’s coming to FC 26 with The World’s Game update. For more information on EA SPORTS FC™ 26, please visit easports.com/fc26. Stay up-to-date on all upcoming news and announcements for EA SPORTS FC on our social channels.

PLAY THE WORLD’S GAME ANYWHERE ON FC MOBILE

In EA SPORTS FC™ Mobile, players can compete for international glory with the new fully immersive Tournament Mode. ‘The World’s Game’ Tournament features more than 50 national teams to choose from, with each team matchday-ready featuring national kits, team history, star ratings, flag-themed Player Items, and ICONs and Heroes.

The World’s Game Update for FC Mobile also introduces Quick Match, letting players create a dedicated game room and share the code for a seamless, fast setup with friends or new challengers. Choose from your personal squad, or any club or national team, as you compete in Head-to-Head or VS Attack modes.

See more information available in the FC Mobile The World’s Game Update Patch Notes. For more news and information on EA SPORTS FC™ Mobile, stay tuned to the official website and social channels across Facebook, Instagram, X, and YouTube. Download the game on the App Store and Google Play Store to play Anywhere For the Club.

*Requires base game (sold separately) and internet connection. EA Account and/or platform may also be required.

**Conditions & restrictions apply. See ea.com/games/ea-sports-fc/fc-26/game-disclaimers for details.

§ Picks pulled from Knockout Royalty, Fantasy FC, FUT Birthday, Answer the Call and UEFA Road to the Final.

§§ Picks pulled from Knockout Royalty, Fantasy FC, FUT Birthday and Trophy Titans.

§§§ Picks include 1 player from each of; Argentina, Brazil, Canada, England, France, Germany, Mexico, Netherlands, Portugal, Saudi Arabia, Spain, USA.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

Category: EA SPORTS

View source version on businesswire.com: https://www.businesswire.com/news/home/20260604134359/en/

Electronic Arts Inc. (NASDAQ: EA) today announced that Star Wars Zero Company™, a single-player turn-based tactics game, developed by Bit Reactor in collaboration with Lucasfilm Games, will be available on PC, PlayStation® 5 and Xbox Series X|S starting August 27, 2026. Pre-Orders are now available on all platforms.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260605316929/en/

Star Wars Zero Company Key Art

A new gameplay trailer delivers an action-packed look at the game’s gritty, cinematic take on turn-based tactics while previewing an original Star Wars™ story featuring new and returning Clone Wars characters.

Star Wars Zero Company’s visual storytelling and gameplay will immerse players in a tense, clandestine conflict taking place in the shadows of the Clone Wars. Players will step into the shoes of former Galactic Republic officer Hawks and current leader of Zero Company. Zero Company is an unconventional outfit of professionals for hire hailing from across the galaxy, including a Clone Trooper, a Mandalorian of the ancient Clan Verminoth, a Jedi Padawan and more. Together, Zero Company must hunt down and stop Kundri Fathom, leader of the Separatist-aligned cult, the Infinite Coil.

“Our team has poured everything we love about Star Wars into Zero Company,” said Greg Foertsch, CEO and Creative Director at Bit Reactor. “The bold characters, powerful storytelling, striking settings and the sense of heart beneath the battles in Star Wars has helped us create an experience that pushes the tactics genre forward by combining deep gameplay with cinematic elegance. We’ve worked hand-in-hand with Lucasfilm Games to create an authentic Star Wars story packed with unique new characters, robust character customization, a new ship, Separatist Droids and much more, all rooted in the conflict of The Clone Wars.”

“Star Wars Zero Company delivers an entirely new experience in the galaxy and for our fans,” said Douglas Reilly, VP and GM of Lucasfilm Games. “It pairs cinematic storytelling with strategic gameplay in a way that feels fresh for the franchise. Some of the most interesting stories come from new perspectives, and Zero Company explores the Clone Wars from deep within the shadows of the conflict, through a lens we haven’t seen before, while still feeling completely authentic to the world fans know.”

From Zero Company’s base of operations, The Den, players will recruit and progress skills of Operators, upgrade facilities, purchase new equipment and select their next mission from the holotable. On the battlefield, players will develop bonds between authored characters and player-created Operators, unlocking new support abilities, including cross-training benefits that improve their abilities and stats. Players will navigate an ever-changing galaxy map featuring more than 150 planets where each choice can change how their journey unfolds.

In Star Wars Zero Company customization is central to the experience. Hawks and recruited Operators can be created from eight iconic Star Wars species: Devaronian, Human, Neimoidian, Ovissian, Togruta, Twi’lek, Weequay and Zabrak. Voices, outfits and many other aspects of Hawks and an Operator's appearance can be customized along with specializations and talents over time. It’s up to players to unite their Operators and form the best squad for the mission at hand.

Players can pre-order* Star Wars Zero Company Standard Edition for $49.99 SRP on PC and $59.99 SRP on PlayStation® 5 and Xbox Series X|S. The Deluxe Edition is available for $59.99 SRP on PC and $69.99 SRP on consoles and unlocks two additional unique cosmetic packs and five painted weapon themes inspired by the Clone Wars era. All pre-orders grant access to the Crystalline Astromech Cosmetic Pack, which includes an R3 droid, translucent “crystalline” astromech heads for the R4 and R5 droid variants, and the BR-1 droid, originating in Star Wars Zero Company. Deluxe Edition pre-orders include all pre-order bonus content in addition to the Deluxe Edition exclusive content.

Alongside the game’s launch, the soundtrack for Star Wars Zero Company, featuring an original score by GRAMMY® award-winning composer Gordy Haab, will be released August 27 via Walt Disney Records.

Follow EA Star Wars on X, Facebook, YouTube, and Instagram to stay up to date as more information is revealed.

PRESS ASSETS ARE AVAILABLE AT EAPressPortal.com

About Bit Reactor

Bit Reactor, LLC was created by longtime strategy game developers as an independent, developer-first game studio creating and perfecting experiences that blend game design, art and technology with a passion for making something great. The talented team is composed of some of the minds behind decorated titles like XCOM, Civilization, Gears of War, Elder Scrolls Online, and more. Follow Bit Reactor on X, Facebook, and Instagram for more.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.

EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.

Lucasfilm, the Lucasfilm logo, STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM 2026 Lucasfilm Ltd. All rights reserved.

* Conditions and restrictions apply. See https://www.ea.com/games/starwars/zero-company/disclaimers for details.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260605316929/en/

People Inc. offers $48.30 per share for the MGM stake it does not already own. Summary

MGM shares jumped 13% after the cash proposal.

Barry Diller is making another big move, and this time the target is MGM Resorts International MGM . People Inc., his renamed business empire, has proposed buying the 73.9% of MGM it does not already own for $48.30 per share in cash, a deal that would value the casino and entertainment operator at $18.8 billion, including debt.

The offer lands at a 10.6% premium to MGM's Friday closing price and more than 30% above its volume-weighted average price over the past 90 days. Investors moved fast on the news, sending MGM shares up 13% Monday morning in New York to $49.18, pushing the shares to a roughly 35% gain this year, compared with an 11% rise in the S&P 500 Index.

For Diller, the logic is simple: MGM owns real-world assets that AI may struggle to replicate or disintermediate, while still offering digital growth opportunities. People expects to fund the transaction through cash, additional debt and equity commitments, with People owning just over 50.1% of the equity and other investors, possibly including existing MGM shareholders, holding minority stakes.

HomeIndustriesHotels/Restaurants/CasinosLas Vegas has suffered from uneven tourism trends as well as sports-betting competition, but analysts say there’s reason to believe things are looking up for Sin CityLast Updated: June 1, 2026 at 4:40 p.m. ET
First Published: June 1, 2026 at 3:03 p.m. ET

Higher travel costs have dinged the Las Vegas tourism industry recently, but some analysts say media mogul Barry Diller’s roughly $12.4 billion offer for MGM Resorts International offers up fresh optimism that Vegas may be due for a rebound.

Diller’s People Inc., the publishing giant previously known as IAC, said Monday that it had submitted a proposal to acquire all outstanding shares of casino and resort operator MGM Resorts and take it private in a deal that would value the company at around $12.4 billion, or $48.30 per share in cash.

Ten grand prize winners to experience star–studded SI Beyond the Pitch event during soccer's biggest summer weekend

, /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy are teaming up to send 10 grand prize winners and their guests to New York City for VIP access to SI Beyond the Pitch, a VIP Event Series produced by Authentic Live and Medium Rare and one of the most anticipated soccer celebrations of the summer.

Now through Sunday, June 21, 2026, eligible BetMGM players who link their BetMGM and Marriott Bonvoy accounts and wager a minimum of $10 can enter the Marriott Bonvoy & BetMGM World's Game Sweepstakes for a chance to win an unforgettable soccer-inspired getaway featuring exclusive event access, travel, dining, hotel accommodations and Marriott Bonvoy points.

"At BetMGM, we're always looking for ways to reward our players with legendary experiences they simply can't get anywhere else," said Matt Prevost, Chief Revenue Officer, BetMGM. "Partnering with Marriott Bonvoy for this event allows us to bring fans inside the velvet ropes during a once–in–a–generation moment on the global sports stage."

Jamie Russo, Vice President, Global Financial Partnerships, Marriott International, said, "This summer is going to be historic for soccer fans, and through our collaboration with BetMGM, we're bringing members to one of the most coveted events of the season. SI Beyond the Pitch in New York City puts them right at the center of the action, and it's exactly the kind of experience this partnership was built to deliver."

Marriott Bonvoy & BetMGM World's Game Sweepstakes

The culmination of the SI Beyond the Pitch nationwide event series takes place in New York City on Saturday, July 18 for a star–studded celebration at the iconic Cipriani restaurant, featuring headline performances by 50 Cent and Diplo.

Through the sweepstakes, participants will have the opportunity to win a trip to attend the event, with prizes including:

Grand Prizes (10 winners, plus one (1) guest each):

VIP access to the SI Beyond the Pitch Party Round–trip travel to New York City or $1,000 in withdrawable bonus funds toward travel (varies by entry period) Three–night hotel stay at Moxy Lower East Side in New York, NY  Dinner at L'Artusi Supper Club Secondary Prizes (30 winners):

$100 Bonus Bet All Participants:

2,500 Marriott Bonvoy points awarded for earning at least one (1) entry per entry period Players who have linked their BetMGM and Marriott Bonvoy accounts can enter by opting in on the BetMGM Sportsbook app or at BetMGM.com. A minimum $10 wager earns one (1) entry, with participants able to earn up to 25 entries per entry period. Winners will be selected weekly throughout the promotional period.

Additional terms and eligibility requirements apply. Bonus bets expire in seven (7) days and are non-withdrawable. This offer is not available in Nevada, New York, Ontario or Puerto Rico.

In 2024, BetMGM and Marriott Bonvoy launched a first-of-its-kind rewards collaboration which allows players in licensed states to link their Marriott Bonvoy and BetMGM accounts and earn BetMGM Rewards points when they wager using the sports betting app or play at the award-winning online casino. Players can exchange BetMGM Rewards points for Marriott Bonvoy points, up to 1 million points annually, to redeem extraordinary experiences, including future free nights with Marriott Bonvoy's more than 30 hotel brands and 10,000 destinations globally.

BetMGM currently operates in 30 markets with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android, as well as via desktop at www.betmgm.com.

As BetMGM continues to expand into new markets and introduce new features, responsible gambling remains a key focus. Additionally, BetMGM is proud to provide resources to help customers play responsibly, including GameSense, an industry-leading program developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to rely on at MGM Resorts properties nationwide. This complements BetMGM's existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

For more information, follow @BetMGM on X.

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US), 877-8-HOPENY or text HOPENY (467369) (NY), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. Subject to eligibility requirements. In partnership with Kansas Crossing Casino and Hotel.

About BetMGM
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://www.betmgminc.com.

About Marriott Bonvoy®
Marriott Bonvoy, Marriott International's award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy's portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

About MGM Collection with Marriott Bonvoy
MGM Collection with Marriott Bonvoy creates unforgettable, larger-than-life memories with exhibitions of brilliance and extraordinary service for the reveler in all of us. With an unrivaled portfolio of hotels and resorts, MGM Collection includes Las Vegas icons such as Mandalay Bay Resort and Casino, MGM Collection, and gaming paradises across the United States, such as MGM Springfield. Of the 17 MGM resorts comprising MGM Collection with Marriott Bonvoy, five of the properties also are affiliated with existing Marriott collection brands: Bellagio, a Luxury Collection Resort & Casino, Las Vegas; W Las Vegas; ARIA Resort & Casino, Autograph Collection; Park MGM Las Vegas, a Tribute Portfolio Resort; and continuing its affiliation with Autograph Collection is The Cosmopolitan of Las Vegas, Autograph Collection. MGM Collection with Marriott Bonvoy is the groundbreaking strategic alliance between MGM Resorts International and Marriott International, and participates in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

About Sports Illustrated
For 70 years, Sports Illustrated (SI) has been recognized for shaping modern culture at the intersection of sports, lifestyle, and entertainment. SI is a 360-degree platform that unites athletes, teams and fans worldwide through quality content, innovative digital experiences, unforgettable events, and original products. SI brings its unique perspective to marquee events including SI The Party, Club SI, the Sportsperson of the Year Awards, SI Swimsuit Launch Weekend, and the SI Circuit Series. For more information, visit SI.com.

About Authentic Brands Group
Authentic Brands Group (Authentic) is a unified platform that integrates M&A, brand strategy, creativity and digital innovation to unlock the power of its global portfolio. Generating more than $32 billion in global annual retail sales, Authentic's brands have an expansive retail footprint in 150 countries, including 13,000-plus freestanding stores and shop-in-shops and 400,000 points of sale. For more information, visit authentic.com.

About Medium Rare
Medium Rare is a leading event, experiential, and management company operating at the intersection of sports and entertainment, known for developing cultural touchstones by partnering with iconic personalities to create unforgettable live event properties. Medium Rare's portfolio includes Shaq's Fun House, Kelce Jam, Dave Portnoy's One Bite Pizza Festival, Guy Fieri's Flavortown Tailgate, Gronk Beach, and more. For more information, visit Medium-Rare.com.

Forward-Looking Statements
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts and BetMGM have based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts and BetMGM's expectations regarding launch of the sweepstakes and prizes available to participating customers in connection with the sweepstakes. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risk that the sweepstakes or related prizes are not available in the manner described herein, risks related to the effects of economic conditions and market conditions in the markets in which MGM Resorts and BetMGM operate and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, neither MGM Resorts nor BetMGM is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts or BetMGM update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

SOURCE BetMGM

On June 02, 2026, MGM Resorts International MGM shares fell 4.6% to $48.36. This move comes after a strong performance over the past weeks, with the stock up 25.8% over the last week and 32.5% year-to-date. The shares have experienced significant volatility in the past year, with a 52-week high of $51.59 and a low of $29.19.

GF Value™ verdict: Current price is $48.36 compared to a GF Value™ of $46.79, indicating the stock is 3.4% overvalued.GF Score™: MGM has a score of 81/100, suggesting it is a strong investment opportunity based on GuruFocus' metrics.Most notable signal: Insiders have bought $37.2 million worth of shares while selling $1.5 million in the last three months, indicating positive sentiment among those closest to the company. Is MGM Overvalued or Undervalued? According to the GF Value™, MGM Resorts International's current price of $48.36 is slightly above its intrinsic value of $46.79, resulting in a 3.4% overvaluation. This suggests that there is limited margin of safety for potential investors, as the stock is trading at a price that may not fully reflect its underlying business fundamentals. The GF Valuation label indicates that MGM is fairly valued, yet the current overvaluation presents a risk for investors who may be looking for a bargain.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. As the market fluctuates, investors should take into account the inherent risks associated with purchasing shares at a premium to their estimated intrinsic value.

How Does MGM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 67.2x 14.5x Forward P/E 25.4x N/A MGM's current P/E ratio of 67.2x is significantly above its 5-year median P/E of 14.5x, reflecting a 364% premium compared to its historical valuation. This assessment aligns with the GF Value™ verdict of overvaluation, indicating that the stock is trading at a premium relative to its historical valuation metrics.

What Does MGM's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).

Metric Rating GF Score™ 81 Financial Strength 3/10 Profitability 7/10 Growth 8/10 Valuation 7/10 Momentum 8/10 The GF Scores indicate that MGM has a strong growth rank of 8/10 and a solid profitability rank of 7/10, suggesting that the company is performing well in terms of generating profits and growth. However, its financial strength score of 3/10 is a notable weakness, indicating potential concerns regarding its balance sheet and overall financial health. Investors may want to consider these factors when assessing the stock's overall attractiveness.

What Are Insiders Doing with MGM Stock? In the last three months, insiders have demonstrated a bullish stance towards MGM Resorts International, purchasing $37.2 million worth of shares while only selling $1.5 million. This pattern of buying suggests that those with the most intimate knowledge of the company believe in its future prospects. Such insider activity can often be a positive signal, indicating confidence in the company's performance and potential growth.

What This Means for Investors Based on the GF Value™ assessment, MGM Resorts International is currently overvalued, trading at a premium relative to its estimated intrinsic value. Investors should exercise caution and conduct further research before making any investment decisions, given the risks associated with purchasing shares at elevated valuations.

For the complete analysis, visit the MGM Resorts International MGM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is MGM's GF Score™?

MGM's GF Score™ is 81/100, indicating a strong investment based on various metrics that assess company performance and potential.

Is MGM overvalued or undervalued?

MGM is currently overvalued, with a GF Value™ of $46.79 compared to its market price of $48.36.

What is MGM's P/E ratio?

MGM's P/E ratio is 67.2x (TTM), which is significantly above its 5-year median P/E of 14.5x, indicating a premium valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Iconic Strip destinations heat up the season with a dynamic lineup of soccer watch parties, high-energy sporting events, holiday fireworks, poolside events and limited-time travel offers

, /PRNewswire/ -- MGM Resorts International is turning up the heat on summer travel with a lineup of vacation deals, high-energy entertainment and destination-wide events across its Las Vegas properties. From poolside fun and major sports event-viewing to patriotic celebrations and vacation packages, guests can live it up with a season-long slate of offerings designed for the ultimate escape.

MGM Resorts Sets Ultimate Summer Stage for Spectacle, Sports and Sun in Las Vegas. MGM Resorts destinations across Las Vegas will turn up the energy throughout the summer with experiences ranging from Dive In Movies at The Cosmopolitan of Las Vegas and world soccer championship viewing parties to Flavor Flav's SHE Weekend celebrations and America250 fireworks spectaculars. MGM Resorts also recently introduced a new all-inclusive vacation experience, along with special offers for military members and veterans, creating even more ways for guests to experience Las Vegas this season.

For additional information and reservations, visit mgmresorts.com.

Summer Travel Offers and All-Inclusive Vacation Experiences

All-Inclusive Vacation Experience. MGM Resorts' new all-inclusive vacation experience bundles hotel accommodations, daily resort fees, dining, entertainment and parking into a single upfront price – starting at $330 plus tax for a two-night stay for two guests – at Luxor Hotel & Casino and Excalibur Hotel & Casino. Dates: Available now Military & Veterans Program Offer. MGM Resorts will honor active-duty military members, veterans and eligible spouses with a special Military & Veterans Program available for stays through July 7. The limited-time offer includes room upgrades based on availability, spa and salon savings, and discounts at participating bars and restaurants, entertainment and retail outlets. Dates: Now through July 7 Semi-Annual Summer Sale. MGM Resorts' Semi-Annual Summer Sale will give guests exclusive seasonal savings for bookings made now through July 7. MGM Rewards members can receive up to 45% off room rates or up to 35% off plus a food and beverage credit, while non-members can access savings up to 30% off room rates or up to 20% off plus a food & beverage credit. Dates: Now through July 7 Summer of Entertainment. MGM Resorts invites guests to experience an unforgettable lineup of entertainment and attractions all summer long with exclusive limited-time offers available now through September 7. From headlining performances by New Kids On The Block and Sammy Hagar at Dolby Live at Park MGM to special events such as Las Vegas Songwriters Festival at Mandalay Bay, along with savings on select shows and attractions across the Las Vegas Strip including Cirque du Soleil productions, comedy, magic and family-friendly experiences. For additional information and to purchase tickets, visit mgmresorts.com/entertainment. Summer Soccer Viewing Experiences / June 11 – July 19
Throughout the summer, MGM Resorts destinations across the Las Vegas Strip will unite fans for the season's biggest international soccer matches with themed events, specialty food and beverage offerings and high-energy viewing experiences. Fans will have the opportunity to watch all of the tournament games at BetMGM Sports Books along with participating locations at Bellagio (COMO Poolside Cafe & Bar); ARIA (Proper Eats Food Hall and Lift Bar); The Cosmopolitan of Las Vegas (Clique Bar & Lounge, China Poblano and Zuma); MGM Grand (Level Up and TAP Sports Bar); Mandalay Bay (Tailgate Beach Club and Rhythm & Riffs); Park MGM (Eataly Bar and Pool); New York-New York (Nine Fine Irishmen, Beerhaus, Tom's Watch Bar, Coyote Ugly, Bar at Times Square, Center Bar, The Chocolate Bar, Pour 24 and a Brooklyn Bridge viewing area); Luxor (Centra and Public House); and Excalibur (TAP Sports Bar).

Flavor Flav's SHE Weekend Celebrates Women's Sports / July 16 - 19
In partnership with Flavor Flav, MGM Resorts will celebrate SHE Weekend, a multi-day event honoring female world-class athletes. The weekend will feature appearances and activations tied to athletes and personalities from across women's sports, highlighted by a Las Vegas Strip parade culminating with a celebration in Toshiba Plaza.

Summer of Sports at MGM Resorts
As the premier destination for world-class sports and entertainment on the Las Vegas Strip, MGM Resorts is set to deliver an unparalleled summer of high-stakes action. Fans can experience the thrill of UFC 329 at T-Mobile Arena (July 11); witness the WNBA's defending champion Las Vegas Aces take on Caitlin Clark and the Indiana Fever at T-Mobile Arena (July 5); feel the energy of Power Slap 21 at The Cosmopolitan (July 10); and catch the inaugural Players Era Volleyball tournament at T-Mobile Arena (August 29 – 30). For event information and tickets, visit mgmresorts.com.

Patriotic Celebrations / June 6 – July 25
The Las Vegas skyline will light up throughout the summer in honor of America250 with synchronized fireworks spectaculars from multiple locations including ARIA and MGM Grand. Guests also can experience patriotic-themed moments including illuminated Fountains of Bellagio shows, holiday-inspired lighting displays at Luxor and Mandalay Bay and themed Dive In Movie nights at The Cosmopolitan on select dates throughout the summer.

Citywide Fireworks: June 6 – July 25 (Every Saturday) Fountains of Bellagio Patriotic Lights: July 3 - 5 Mandalay Bay & Luxor Building Lights: June 13, July 3 – 5 and July 11 New York-New York Bridge Bash: Celebrate July 4th with the New York-New York Bridge Bash featuring live entertainment, food and beverage carts and family-friendly activities. The action kicks off at 3 p.m. and leads up to the spectacular fireworks viewing at 9 p.m. Dive In Movies Under the Stars / June 8 – August 17
Every Monday throughout the summer, guests of all ages are invited to enjoy fan-favorite films at The Cosmopolitan of Las Vegas' Boulevard Pool. Featuring a 65-foot digital marquee set against the dazzling backdrop of the Las Vegas skyline, this unique cinematic setting blends the laid-back vibe of a Las Vegas pool with the thrill of the big screen, creating the ultimate night under the stars. Scheduled films range from family-friendly comedies to action-packed blockbusters, including A Minecraft Movie, Clueless, Rush Hour, National Treasure, Space Jam and Ferris Bueller's Day Off. Movies begin at 8 p.m. In addition to the Monday movie series, guests can enjoy special fireworks evenings on select Saturdays throughout the summer.

Dive In Movies: June 8 – August 17 (Every Monday) Summer Fireworks Nights: June 13, July 4 and July 11 Summer Prix Fixe Program – Taste of Summer / June 14 – September 1
Guests are invited to enjoy the Taste of Summer featuring a variety of menu options showcasing some of The Strip's hottest restaurants. Participating venues range from Harvest and The Mayfair Supper Club at Bellagio to China Poblano and Amaya at The Cosmopolitan of Las Vegas as well as Orla and Strip Steak at Mandalay Bay and Primrose at Park MGM. For a full selection of restaurants, menus and pricing, visit MGM Resorts Food & Beverage.

Forward Looking Statements
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the events and offers described herein. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the events or offers described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the economic and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of conversion or expansion projects, risks relating to domestic and international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Media Contacts
MGM Resorts International Public Relations
[email protected]

Kirvin Doak Communications for MGM Resorts International
[email protected]

SOURCE MGM Resorts International

Key Takeaways CVX applied for RIGI approval for a $13.8B unconventional oil project in El Trapial, Vaca Muerta.Chevron said that RIGI offers regulatory stability, tax benefits and investment protections.Chevron holds key El Trapial concessions and a 50% interest in Loma Campana and Narambuena. Chevron Corporation (CVX - Free Report) , a Houston-based multi-national energy corporation and the second-largest oil company in the United States, has reportedly submitted an application to participate in Argentina’s Large Investment Incentive Regime (RIGI, for its Spanish acronym) for a groundbreaking $13.8-billion (19.69 trillion pesos) unconventional oil initiative in the El Trapial area of the Vaca Muerta shale formation. According to Reuters, Chevron disclosed the filing on Tuesday, indicating that the project could rank among the largest new investments in Argentina’s rapidly expanding shale industry, subject to government approval.

The Vaca Muerta region is internationally known for its vast shale oil and gas resources and is a key pillar of Argentina’s efforts to boost energy exports and strengthen foreign currency earnings. Chevron’s engagement reinforces its long-standing commitment to Argentina, primarily through its subsidiary Chevron Argentina, which has concentrated efforts on crude oil and natural gas production in Neuquén province.

Chevron’s Strategic Presence in El Trapial & Vaca MuertaChevron Argentina’s operations in El Trapial date back to 1999, with it holding a substantial footprint in both conventional and unconventional hydrocarbon resources. In 2022, Chevron Argentina secured a 35-year concession from the Neuquén province for unconventional oil and gas development in El Trapial East, granting full ownership and operational control of two blocks: El Trapial-Curamched for conventional resources and El Trapial-Este for unconventional extraction. Together, these blocks encompass 111,000 net acres, representing a significant strategic asset in Argentina’s shale industry.

In addition to El Trapial, Chevron maintains a non-operated 50% interest in the Loma Campana and Narambuena concessions, managed through a partnership with Argentina-based integrated oil and gas company, YPF Sociedad Anonima (YPF - Free Report) , diversifying its portfolio in Argentina’s hydrocarbon sector.

RIGI Incentive Scheme: Unlocking Argentina’s Energy PotentialThe Large Investment Incentive Regime (“RIGI”), promoted by president Javier Milei’s administration, is designed to attract international capital to Argentina’s energy, mining and infrastructure sectors. Established by Law No. 27,742 in July 2024 and implemented through Decree No. 749/2024, RIGI focuses on large-scale projects exceeding $200 million, offering a framework for regulatory predictability, investment stability and legal security.

The incentive program provides multiple advantages, including tax relief, customs benefits and foreign exchange protections, positioning Argentina as a highly attractive destination for global energy investors. Chevron emphasized that frameworks like RIGI are important for Argentina’s energy sector because they provide regulatory stability and encourage long-term investment.

Economic & Strategic Implications of Chevron’s InvestmentChevron’s proposed investment reaches a transformative milestone for Argentina’s shale oil sector, creating opportunities for economic growth and energy independence. The project is expected to stimulate local employment, enhance technological expertise and strengthen Argentina’s capacity to export crude oil and natural gas to international markets.

El Trapial’s unconventional resources could play an important role in increasing Argentina’s foreign currency inflows, aligning with the government’s broader economic priorities. By advancing large-scale development, Chevron positions itself as a pivotal partner in the country’s energy expansion, leveraging advanced extraction technologies and decades of operational experience.

Chevron’s Global Strategy & Regional PartnershipsBeyond Argentina, Chevron has been actively expanding its Latin American energy portfolio. In April, Chevron entered an asset exchange agreement with Petróleos de Venezuela, aiming to grow its participation in Venezuela’s heavy oil sector while divesting certain gas assets. This strategic maneuver aligns with Chevron’s broader objective of optimizing its regional energy holdings and capitalizing on high-potential hydrocarbon reserves across the continent.

Chevron’s commitment to Argentina is further demonstrated by its long-term concessions, robust infrastructure and technical expertise applied to sustainable resource development, ensuring that projects such as El Trapial meet international operational standards while maximizing the economic benefit to the local community.

Outlook for Argentina’s Shale IndustryThe approval of Chevron’s RIGI application could catalyze substantial growth in the Vaca Muerta region, attracting additional foreign investment and reinforcing Argentina’s position as a global energy hub. As one of the world’s largest shale formations, Vaca Muerta offers unmatched potential for unconventional oil and gas production, making Chevron’s involvement a pivotal moment in the country’s energy trajectory.

The project emphasizes the importance of predictable regulatory frameworks and targeted incentives in promoting large-scale energy investments, while also laying the groundwork for sustainable economic development. By leveraging Chevron’s expertise and the legal protections offered under RIGI, Argentina is poised to unlock the full potential of its unconventional resources, driving long-term growth and regional energy leadership.

ConclusionChevron’s proposed billion-dollar investment in El Trapial, Vaca Muerta represents a historic opportunity for it and Argentina’s energy sector. With the support of RIGI, Chevron is set to play a transformative role in developing one of the largest shale oil and gas reserves globally, boosting exports, generating employment and advancing the country’s energy infrastructure. The initiative exemplifies the synergy between multi-national expertise and government-led incentives, paving the way for sustained energy growth in Argentina and establishing a blueprint for future large-scale projects.

CVX's Zacks Rank & Other Key PicksCurrently, CVX carries a Zacks Rank #2 (Buy) and YPF sports a Zacks Rank #1 (Strong Buy). YPF Sociedad Anonima is Argentina’s leading energy company, engaged in the exploration, production, refining and distribution of oil and natural gas. YPF plays a central role in the country’s energy sector and is a key driver of domestic fuel supply and hydrocarbon development.

Investors interested in the energy sector might look at some other top-ranked stocks like  Imperial Oil (IMO - Free Report) and Marathon Petroleum (MPC - Free Report) , sporting a Zacks Rank #1 each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Imperial Oil is valued at $58.86 billion. It is a major Canadian petroleum company involved in crude oil production, refining and fuel distribution, with operations concentrated in Canada. A majority-owned subsidiary of ExxonMobil, Imperial Oil benefits from advanced technology and expertise while maintaining a strong presence in Canada's energy sector.

Marathon Petroleum is valued at $76.49 billion. It is one of the largest downstream energy companies in the United States, operating extensive refining, transportation and fuel marketing networks. Through its refining assets and retail fuel brands, Marathon Petroleum supplies gasoline, diesel and other petroleum products to consumers and businesses nationwide.

Around 20 million barrels of oil per day (BPD) traversed the Strait of Hormuz before the war with Iran. That accounted for about 25% of the global seaborne oil trade and around 20% of the total global supply. According to tanker tracking data, oil flows through the Strait of Hormuz have slowed to a trickle since the war with Iran began.

However, that trickle might be bigger than first thought. Some ships are paying tolls to Iran while others are quietly escaping the Strait at night with their transponders off. These additional flows are helping keep oil prices down. Here’s a look at what it means for oil stocks.

Image source: Getty Images.

The “ghost” fleetAccording to a JPMorgan estimate, visible traffic through the Strait of Hormuz is only about 15% of the pre-war level. That suggests there’s a massive energy supply gap. Pipelines bypassing the Strait of Hormuz (Saudi Arabia’s 7 million BPD East-West Pipeline and the 1.8 million BPD Abu Dhabi Crude Oil Pipeline) are helping offset some of this gap. Meanwhile, higher oil prices are causing some demand destruction. The world is making up the remaining shortfall by drawing down excess inventory and tapping emergency stockpiles, such as the U.S. Strategic Petroleum Reserve.

However, many oil market analysts believe that there’s additional oil flowing out of the Persian Gulf through “ghost” fleets. According to an estimate by Piper Sandler, around 2.9 million BPD made it through the Strait of Hormuz last month. That includes about 2.1 million BPD from tankers that paid tolls to Iran and another 900,000 BPD of “ghost” transits, tankers that quietly escaped in the dark with their transponders off.

These workarounds have helped keep oil prices from getting out of hand. While Brent oil, the global benchmark, surged from its pre-war level of around $70 a barrel to a high of about $114, it was recently in the low $90s.

Time is tickingDespite some leakage, Iran has impeded oil flows out of the Strait of Hormuz for more than 100 days. While this supply issue hasn’t yet caused the nightmare scenario that many initially envisioned with crude prices spiking to record levels, that risk remains. Global crude oil inventories are draining fast due to an estimated supply loss of over 1 billion barrels since the war began. 

Some key oil storage hubs are approaching their operational minimum. For example, the Cushing, Oklahoma, oil storage hub -- one of the largest in the world -- had 22.4 million barrels in inventory at the end of May, down 4 million barrels compared to the pre-war level (and well below its 78.5 million barrel capacity). Cushing could face operational challenges when its inventory drops below 20 million barrels.

As inventory levels fall towards operational minimums, it could spark a surge in oil prices. Piper Sandler is already predicting that oil will average $130 a barrel in July and August, given the unlikelihood of a full reopening of the Strait of Hormuz anytime soon. Meanwhile, JPMorgan sees a risk of oil surging above $150 a barrel.

The bull case for oil stocksWhile more oil is likely escaping the Strait of Hormuz than tracking data suggests, it’s not enough to offset the looming supply crisis. Oil prices will likely start surging as global oil inventories drop below operational minimums.

This outlook bodes well for oil stocks. For example, while shares of oil giants ExxonMobil (XOM +0.28%) and Chevron (CVX +0.63%) are already up over 20% this year, they currently sit more than 10% below their recent peaks because crude prices have fallen from their highs. However, their shares will likely surge if oil prices start moving higher again, which is increasingly likely due to the lack of progress towards a peace deal between the U.S. and Iran. Meanwhile, oil prices would likely remain elevated even if there’s a peace deal, given the time it will take to rebuild depleted global oil stockpiles.

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This scenario of higher oil prices for longer will enable Exxon and Chevron to generate more cash flow going forward. Chevron initially expected to grow its free cash flow at a 10% annual rate through 2030 at $70 oil, while ExxonMobil anticipated producing $145 billion in cumulative free cash flow during that period at $65 oil. Both will likely exceed those targets. That makes them look like even better long-term investments.

Amid growing concerns about the reliability of oil supplies due to heightened tensions in the Strait of Hormuz, the strength and durability of multinational oil companies have come under scrutiny.

ExxonMobil (XOM +0.28%) announced yesterday that its operations in Guyana generated $4.7 billion in profit last year, highlighting the significance of the South American nation’s offshore oil boom as a buffer against the geopolitical crisis in the Middle East.

Incidentally, another supermajor, Chevron (CVX +0.63%), through its acquisition of Hess, had disclosed a $2.89 billion profit in 2025 from Guyana. It’s no secret that oil companies and investors are looking to diversify their energy investments away from any single region.

Image source: Getty Images.

The world's best oilfield nobody is talking aboutAt 6.6 million acres, the Stabroek block is a giant, low-cost, high-margin oil discovery located in deepwater territory. While ExxonMobil has a 45% working interest, Chevron has a 30% interest through Hess. The Chinese state-owned oil company CNOOC holds the remaining 25%.

Since ExxonMobil discovered this oilfield in 2015, the consortium has identified more than 11 billion barrels of recoverable oil, making it the largest crude oil discovery over the last decade.

What sets Stabroek apart is its economics. On some projects, including ExxonMobil's Yellowtail development, breakeven costs are as low as $25 per barrel, far below the global average and roughly half the onshore breakeven of many U.S. shale plays. EBITDA margins for ExxonMobil Guyana Limited hit 58% in 2024.

It’s difficult to dispute these numbers in an era when big oil's critics argue the sector faces structural decline.

Chevron's $53 billion bet is paying offFor Chevron, the acquisition of Hess, which closed in July 2025, was essentially a gamble to gain a foothold in Guyana, a move critical to the company’s long-term growth ambitions.

The timing now appears to favor Chevron. Production from the block reached 900,000 barrels per day in November 2025, a milestone achieved just a decade after the first discovery here. Given the complexity of deepwater projects, industry experts see this as an extraordinary achievement.

A fourth floating production, storage, and offloading (FPSO) vessel, the ONE GUYANA, was commissioned in mid-2025, ramping up Chevron's overall production to a record high.

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The growth runway looks lucrativeBut beyond the companies' profits last year, the oilfield is expected to generate far greater profits in the coming years.

ExxonMobil intends to develop seven major projects on the Stabroek block with a combined investment exceeding $60 billion. The fifth and sixth projects, Uaru and Whiptail, are anticipated to begin production in 2026 and 2027, respectively, at approximately 250,000 barrels per day each.

The company is also expecting production from its seventh development, the $6.8 billion Hammerhead project, to begin in 2029.

Currently, ExxonMobil is awaiting regulatory approval for its eighth development, Longtail. Once approved, the total installed production capacity of the Stabroek block would reach 1.7 million barrels per day — more than the current output of OPEC members Libya and Nigeria.

The company estimates production capacity could exceed 1.2 million barrels per day by 2027, reaching 1.7 million barrels per day by 2030.

A project that boosts dividend growth Guyana is emerging as perhaps one of the most influential upstream stories globally within energy – a place where two American supermajor oil companies are already generating billions in profit from an oilfield that is still very much in the early stages of its productive life.

However, there is an essential fact that investors need to recognize: Guyana is not an isolated trade. A share of profit from this lucrative oilfield is via two of the most investor-friendly balance sheets in the S&P 500.

ExxonMobil, for example, has delivered 43 consecutive years of annual dividend increases and plans to repurchase $20 billion worth of shares this year. Chevron, on the other hand, has increased its dividend payments for 39 consecutive years, and its dividend currently yields 3.81%. Both ExxonMobil and Chevron are essentially ideal candidates for income-seeking investors.

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147.01

What’s in it for investors?The investor takeaway is this: Guyana is a long-duration, low-cost oilfield that‌’s profitable for both companies across a wide range of oil price scenarios.

ExxonMobil's 2030 corporate plan targets $25 billion in earnings growth and $35 billion in cash flow growth versus 2024 levels without raising capital spending, with Guyana, the Permian Basin, and liquified natural gas (LNG) projects in Papua New Guinea and Mozambique expected to make up about 65% of company-wide production volumes by 2030 — which means retail investors are buying a portfolio, not a single asset.

Investors looking to build a diversified portfolio of energy investments that are structurally advantaged amid volatile oil prices should consider ExxonMobil and Chevron. These two are arguably the best dividend oil stocks to invest in, with Guyana becoming increasingly central to their investment cases.

Key Takeaways Chevron's Tengiz expansion added about 260,000 barrels/day, lifting capacity to roughly 1M BOE/d.CVX expects TCO to support production growth in 2025 and 2026 and free cash flow through 2030.Chevron received a $1B TCO loan repayment in Q1 2026 and expects more repayments this year. Chevron Corporation’s (CVX - Free Report) 50% stake in Tengizchevroil (TCO), which operates the giant Tengiz and Korolev oil fields in Kazakhstan, is one of the company’s most valuable international upstream investments. TCO is a key contributor to Chevron’s reserve base, with Kazakhstan accounting for nearly 11% of the company’s proved reserves. The asset recently entered a new growth phase following the completion of the Future Growth Project (FGP) and Wellhead Pressure Management Project in 2025.

The FGP increased Tengiz crude production capacity by approximately 260,000 barrels per day, lifting total gross production capacity to around 1 million barrels of oil equivalent per day (BOE/d). This expansion has become a major driver of Chevron’s production growth, contributing significantly to the company’s 2025 output increase and expected growth in 2026. Management views TCO as a cornerstone asset supporting long-term production and free cash flow growth through 2030.

TCO is also transitioning from a capital-intensive project to a cash-generating asset. Chevron has provided substantial financing for its expansion and received a $1 billion loan repayment in the first quarter of 2026. It also expects additional repayments during the year, further boosting cash flow.

Although higher depreciation expenses and weaker commodity realizations temporarily pressured earnings in 2025, TCO’s long-term value proposition remains strong. The project provides large-scale, low-cost production growth, high-margin barrels, rising free cash flow and meaningful capital returns. As a result, TCO is expected to be one of Chevron’s largest contributors to cash generation and shareholder value creation over the remainder of the decade.

Other Oil Majors Operating in KazakhstanExxon Mobil Corporation (XOM - Free Report) is a major international investor in Kazakhstan’s energy industry, playing a key role in the development of the country’s vast oil and gas resources. Through its local subsidiaries, including ExxonMobil Kazakhstan Inc., the company collaborates closely with the Kazakh government and national oil company, KazMunayGas, to advance exploration, production and transportation activities. A cornerstone of ExxonMobil’s presence in the country is its 25% stake in the TCO joint venture, which operates the world-class Tengiz oil field located along the northeastern coast of the Caspian Sea, one of Kazakhstan’s most significant energy assets.

TotalEnergies SE (TTE - Free Report) has established a strong presence in Kazakhstan through a balanced energy strategy that combines large-scale oil and gas operations with growing investments in renewable energy. The company is a key contributor to the nation’s hydrocarbon production and supports Kazakhstan’s position as a major global energy supplier. TotalEnergies owns a 16.81% interest in the North Caspian Project’s Kashagan field, one of the world’s largest offshore oil developments in the Caspian Sea. At the same time, TTE is advancing Kazakhstan’s energy transition through the Mirny Project, a major renewable energy initiative aligned with the country’s 2060 net-zero emissions target.

CVX’s Price Performance, Valuation & EstimatesShares of Chevron have gained 26% in the past six months compared with the Oil/Energy sector’s growth of 20.6%.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CVX’s 2026 earnings is pegged at $15.74 per share, indicating 115.9% year-over-year growth. The positive earnings estimate outlook makes the stock attractive for investors.

Image Source: Zacks Investment Research

From a valuation perspective — in terms of forward price-to-earnings ratio — Chevron is trading at a premium compared with the industry average.

Image Source: Zacks Investment Research

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Chevron is continuing to look at new ​opportunities in the Middle ‌East and may have more exposure to the region in ​the future, Chief Executive Officer ​Mike Wirth said on Friday.

Key Takeaways Chevron, YPF and Pluspetrol are expected to ink contracts for TGS' $3B Argentina NGL project.The partners are expected to take up about 80% of the project's capacity, lifting FID prospects.TGS' project could support Vaca Muerta growth and Argentina's push to reduce energy imports. Chevron Corporation (CVX - Free Report) is reportedly set to partner with two Argentine energy players, namely YPF and Pluspetrol, to ink new contracts with Transportadora de Gas del Sur (TGS - Free Report) for a natural gas liquids (NGLs) project in Argentina. The contract entails supplying natural gas for the proposed $3 billion project led by TGS.

The report mentioned that Chevron, YPF and Pluspetrol are expected to take up approximately 80% of the project’s capacity. The signing of these contracts significantly increases the likelihood of the project reaching a final investment decision. The project involves converting natural gas, including the gas extracted alongside oil from the producing wells, into high-value liquids such as butane and propane. The higher value natural gas liquids produced can then be exported to international markets.

In recent years, Argentina’s Vaca Muerta shale has gained significant recognition as one of the world’s largest unconventional gas reserves, and several companies, including Chevron, are planning to expand their presence in the shale basin. The liquids project, developed by TGS, is one of many processing and export ventures expected to boost production from the Vaca Muerta shale and help the country become an energy supplier over the coming years.

Notably, these projects will help Argentina reduce its dependence on energy imports and boost foreign exchange reserves. TGS has previously stated that it will finance a part of this multi-million dollar project using its own capital. For Chevron, this deal stands to expand its footprint in Argentina’s booming shale industry and benefit from the shale basin's significant resource potential.

Zacks Rank and Key PicksCVX currently carries a Zacks Rank #3 (Hold) while TGS carries a Zacks Rank #2 (Buy).

Some better-ranked stocks from the energy sector are Cenovus Energy (CVE - Free Report) and W&T Offshore (WTI - Free Report) . While Cenovus sports a Zacks Rank #1 (Strong Buy) at present, W&T Offshore carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cenovus Energy Inc. is a Canadian integrated energy company with operations spanning the upstream, midstream and downstream sectors. The company is involved in exploration and production from its low-cost oil sands and heavy oil assets in Canada. The strategic MEG Energy acquisition is expected to boost Cenovus Energy's production levels in 2026.

W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s recent acquisition of six shallow-water fields in the Gulf of America boosts its future production prospects, which is expected to enhance its revenues. 

The Zacks Oil and Gas - Refining & Marketing industry looks well placed for continued strength. U.S. refiners are benefiting from reliable access to domestic and Canadian crude supplies, which gives them an edge when global oil flows face disruptions. Product inventories also remain tight, especially for diesel, gasoline and jet fuel, while demand from travel, freight, agriculture and exports stays firm. That mix can support pricing power and refining margins. The industry’s outlook is further backed by a strong Zacks Rank, improving earnings estimates and solid one-year performance versus the broader energy sector and the S&P 500. Valuation also remains reasonable, with the group trading below both the sector and market on EV/EBITDA. In this favorable setting, flexible refiners with strong operations and shareholder-friendly strategies stand out. Valero Energy (VLO - Free Report) , Phillips 66 (PSX - Free Report) and HF Sinclair (DINO - Free Report) look especially attractive, making them excellent investment options.

Industry Overview The Zacks Oil and Gas - Refining & Marketing industry consists of companies involved in selling refined petroleum products (including heating oil, gasoline, jet fuel, residual oil, etc.) and a plethora of non-energy materials (like asphalt, road salt, clay and gypsum). Some companies operate refined product terminals, storage facilities and transportation services. The primary activity of these firms involves purchasing crude or other feedstocks and processing them into a wide variety of refined products. Refining margins are extremely volatile and generally reflect the state of petroleum product inventories, demand for refined products, imports, regional differences and capacity utilization in the industry. Other major determinants of refining profitability are the light/heavy and sweet/sour spreads. Refining companies are also prone to unplanned outages.

3 Trends Defining the Oil and Gas - Refining & Marketing Industry's Future Reliable U.S. Supply is Becoming a Bigger Advantage: Refiners with access to secure North American crude supplies are in a better position when global oil flows are disrupted. While some overseas refineries may struggle with crude availability or shipping delays, many U.S. refiners can keep running because they are linked to domestic and Canadian supply networks. This matters because steady operations help the industry meet demand for gasoline, diesel and jet fuel when global markets are tight. In simple terms, a reliable supply can turn market stress into an opportunity for stronger margins.

Low Product Inventories Can Support Refining Margins: Demand for transportation fuels remains fairly resilient, even with higher prices. At the same time, inventories of products like diesel, gasoline and jet fuel are tight in several markets. This creates a favorable setup for refiners because buyers still need fuel, but supply is not easy to rebuild quickly. Jet fuel and distillates appear especially strong, helped by travel, freight, agriculture and export demand. When inventories are low and replacement supply is limited, refiners usually have better pricing power. That can support industry earnings through the current cycle.

Flexibility is Becoming More Valuable Than Size Alone: The best-positioned refiners are not just running large plants. They are also adjusting what they produce based on market needs. When jet fuel is short, they can shift more output toward jet. When gasoline demand improves, they can raise gasoline yields. When heavy crude is discounted, complex refineries can process more of it and capture better economics. This flexibility helps the industry respond quickly to changing crude prices, product shortages and regional imbalances. In a volatile market, the ability to change the product mix can protect margins and improve cash generation.

Zacks Industry Rank Indicates Positive Outlook The Zacks Oil and Gas - Refining & Marketing is a 16-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #7, which places it in the top 3% of 245 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates fairly strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

The industry’s position in the top 50% of the Zacks-ranked industries is a result of improving earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are becoming optimistic about this group’s earnings growth potential. As a matter of fact, the industry’s earnings estimates for 2026 have gone up 65.7% in the past year.

Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.

Industry Outperforms Sector & S&P 500 The Zacks Oil and Gas - Refining & Marketing industry has fared better than the broader Zacks Oil - Energy Sector as well as the Zacks S&P 500 composite over the past year.

The industry has gone up 72.3% over this period compared with the broader sector’s increase of 50.7%. Meanwhile, the S&P 500 has gained 33.2%.

One-Year Price Performance

Industry's Current Valuation Since oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of noncash expenses.

On the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA), the industry is currently trading at 6.40X, significantly lower than the S&P 500’s 17.61X. It is also below the sector’s trailing 12-month EV/EBITDA of 7.19X.

Over the past five years, the industry has traded as high as 6.42X and as low as 1.77X, with a median of 3.61X, as the chart below shows.

Trailing 12-Month Enterprise Value-to-EBITDA (EV/EBITDA) Ratio (Past Five Years)

3 Stocks to Buy Valero Energy: Valero Energy is a major independent energy company focused on liquid transportation fuels. It operates 14 refineries with about 3 million barrels per day of high-complexity throughput capacity, supported by logistics and wholesale networks across key markets. The Zacks Rank #1 (Strong Buy) company also runs 12 ethanol plants with 1.7 billion gallons of annual capacity.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Beyond refining, Valero is growing in low-carbon fuels through Diamond Green Diesel, which produces renewable diesel and sustainable aviation fuel from recycled feedstocks such as used cooking oil and animal fats. Its strategy centers on disciplined spending, reliable operations, cost control and steady shareholder returns.

The Zacks Consensus Estimate for 2026 earnings of VLO indicates 126.3% growth. It beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 28%. The company’s shares have increased 116.7% in a year.

Price and Consensus: VLO

Phillips 66: Phillips 66 is an integrated energy company with operations spanning midstream, chemicals, refining, marketing, specialties and renewable fuels. Its asset base connects supply from the wellhead to end consumers, supported by reliable feedstocks, strong operations and access to premium markets across more than 80 countries.

This #1 Ranked company trades large volumes of crude, clean products, NGLs, renewable feedstocks and natural gas, helped by a broad commercial network and global shipping reach. In first-quarter 2026, PSX reported earnings of $207 million and returned $778 million to its shareholders, while staying focused on disciplined spending, debt reduction and steady dividends.

Phillips 66’s expected EPS growth rate for three to five years is currently 38.6%, which compares favorably with the industry's growth rate of 26.4%. The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 67.8%. Shares of the company have gained 70.8% in a year.

Price and Consensus: PSX

HF Sinclair: HF Sinclair is a Dallas-based energy company operating across refining, marketing, midstream, lubricants and renewables. It runs seven refineries with 678,000 barrels per day of capacity across the Mid-Continent, West and Pacific Northwest regions. The Zacks Rank #1 company also owns a broad pipeline, storage and terminal network that supports fuel movement across key U.S. markets.

Its well-known Sinclair brand reaches over 1,700 branded retail sites, while its lubricants business sells products in more than 80 countries. HF Sinclair is also building scale in renewable diesel, with about 380 million gallons of annual capacity, supporting cleaner fuel demand and long-term growth.

HF Sinclair has a market capitalization of nearly $13 billion. DINO beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 203.6%. The Zacks Consensus Estimate for HF Sinclair’s 2026 earnings per share indicates 40.5% year-over-year growth. Shares of DINO have gained 127.8% in a year.

Price and Consensus: DINO

Phillips 66 is well-positioned for a significant windfall from elevated crack spreads driven by global supply disruptions and the Iran War. Refining margins surged to $10.11/barrel, with spreads near $60, potentially delivering $7B+ cumulative windfall through 2027, or ~$20/share. Operational improvements and cost reductions, alongside a 50% capital return policy, support robust shareholder returns and accelerated debt reduction.

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately.

“We are pleased to have Greg step into the role of Lead Independent Director," said Mark Lashier, Chairman and Chief Executive Officer of Phillips 66. “His distinguished leadership experience and deep knowledge of Phillips 66 position him well for this responsibility. I look forward to his leadership.”

As previously disclosed, Glenn Tilton and Marna Whittington did not stand for re-election at Phillips 66’s Annual Meeting of Shareholders and accordingly retired from the Board at the end of their terms. Doug Terreson will succeed Whittington as Chair of the Audit and Finance Committee.

Tilton, who served as Lead Independent Director, echoed Lashier’s praise for Hayes, “Greg’s sound and practical perspectives have been valuable assets to the Board over the past four years. I have enjoyed working with him and have full confidence in his ability to serve as Lead Independent Director.”

“I want to thank Glenn and Marna for their substantial contributions to the Board and for their years of dedicated service to Phillips 66,” said Hayes. “Looking ahead, the Board is confident in our strategy and ability to drive consistent, compelling value for our shareholders.”

About Phillips 66

Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

Phillips 66 is rated Buy, with all business segments generating strong profits and benefiting from a favorable refining upcycle. PSX's operational improvements, supply rationalizations, and global inventory depletion position it for higher and more sustainable cash generation than previous cycles. Despite recent debt accumulation from commodity volatility, PSX expects normalization and plans to retire $8B in debt, targeting $17B net debt by 2027.

CompaniesMay 18 (Reuters) - Refiner Phillips 66 (PSX.N), opens new tab said on Monday it would move ahead with the ​Zeus Gas Plant in the Permian Basin and a ‌third Coastal Bend Fractionator in Texas, expanding its network to capture growing volumes of gas and natural gas liquids from the top U.S. shale field.

Shares ​of the company were up 2.3% in premarket trading.

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The ​Zeus Gas Plant will have the capacity to process ⁠300 million cubic feet per day of gas and will include ​the new Midland Express pipeline, the company said.

The roughly 45-mile, 20-inch ​pipeline will connect Phillips 66's Permian Basin gathering systems and move up to 230 million cubic feet per day of raw natural gas from the field.

The ​third Coastal Bend Fractionator, previously called Corpus Christi Fractionator, will have a capacity ​of 100,000 barrels per day.

Both projects are expected to start operations in 2028.

A ‌fractionator ⁠separates mixed natural gas liquids into individual products such as ethane, propane and butane, allowing them to be marketed, transported or exported separately.

The projects are expected to support rising production from the Permian ​Basin by adding ​gas processing ⁠and NGL fractionation capacity. Phillips 66 said they would help move growing volumes through its integrated system ​and connect supply to downstream assets and premium ​markets.

Phillips ⁠66 has been pushing to expand its midstream footprint as rising Permian Basin production drives demand for more gas processing, pipeline and natural liquids ⁠infrastructure.

Setting ​up the Zeus Gas Plant and the third ​Coastal Bend Fractionator fall within the range of the company's previously announced capital spending plan of $2.0 billion ​to $2.5 billion.

Reporting by Dharna Bafna in Bengaluru; Editing by Leroy Leo

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