Market Signal Briefing

In the latest trading session, Lithium Americas Corp. (LAC - Free Report) closed at $4.50, marking a +2.51% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.47%.

Heading into today, shares of the lithium producer had lost 5.18% over the past month, outpacing the Basic Materials sector's loss of 6.73% and lagging the S&P 500's loss of 1.88%.

The investment community will be closely monitoring the performance of Lithium Americas Corp. in its forthcoming earnings report. In that report, analysts expect Lithium Americas Corp. to post earnings of -$0.04 per share. This would mark year-over-year growth of 63.64%.

LAC's full-year Zacks Consensus Estimates are calling for earnings of -$0.98 per share and revenue of $0 million. These results would represent year-over-year changes of -366.67% and 0%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Lithium Americas Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lithium Americas Corp. is currently sporting a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $37.33, marking a +1.61% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq gained 0.47%.

Shares of the poultry producer witnessed a loss of 15.19% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 6.18%, and the S&P 500's loss of 1.88%.

The upcoming earnings release of Pilgrim's Pride will be of great interest to investors. The company is expected to report EPS of $0.76, down 41.98% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.5 billion, reflecting a 0.83% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.3 per share and a revenue of $18.5 billion, representing changes of -16.83% and +0.01%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pilgrim's Pride. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.59% lower. Currently, Pilgrim's Pride is carrying a Zacks Rank of #5 (Strong Sell).

With respect to valuation, Pilgrim's Pride is currently being traded at a Forward P/E ratio of 8.54. For comparison, its industry has an average Forward P/E of 12.76, which means Pilgrim's Pride is trading at a discount to the group.

The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Coupang, Inc. (CPNG - Free Report) ended the recent trading session at $20.80, demonstrating a +1.71% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.25%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.47%.

Prior to today's trading, shares of the company had gained 20.44% outpaced the Retail-Wholesale sector's loss of 1.69% and the S&P 500's loss of 1.88%.

Investors will be eagerly watching for the performance of Coupang, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.56, showcasing a 1033.33% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.69 billion, indicating a 9.93% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.78 per share and revenue of $37.02 billion, indicating changes of -750% and +7.18%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Coupang, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 13.14% downward. Right now, Coupang, Inc. possesses a Zacks Rank of #3 (Hold).

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 34% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Amgen (AMGN - Free Report) closed at $361.13 in the latest trading session, marking a -1.4% move from the prior day. This change lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.47%.

The world's largest biotech drugmaker's shares have seen a decrease of 0.8% over the last month, surpassing the Medical sector's loss of 4.79% and the S&P 500's loss of 1.88%.

The investment community will be paying close attention to the earnings performance of Amgen in its upcoming release. It is anticipated that the company will report an EPS of $4.74, marking a 3.27% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $8.51 billion, up 4.42% from the prior-year quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.22 per share and revenue of $37.86 billion. These totals would mark changes of +1.74% and +3.02%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Amgen. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. Amgen is holding a Zacks Rank of #3 (Hold) right now.

With respect to valuation, Amgen is currently being traded at a Forward P/E ratio of 16.48. This represents a discount compared to its industry average Forward P/E of 18.95.

Also, we should mention that AMGN has a PEG ratio of 3.65. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.54 at yesterday's closing price.

The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 43% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Item 1 of 2 NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. REUTERS/Fred Greaves

[1/2]NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. REUTERS/Fred Greaves Purchase Licensing Rights, opens new tab

SAN JOSE, California, March 17 (Reuters) - Nvidia is preparing a ​version of its Groq artificial-intelligence chips that can be sold to ‌the Chinese market, two sources familiar with the matter told Reuters on Tuesday.

Nvidia acquired Groq, an AI chip startup, late last year in a $17 billion deal and showed ​a new lineup of products based around its chips at its ​annual developer conference in San Jose, California, this week.

The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.

The move ⁠to develop a version of the chips for the Chinese market comes ​as Nvidia CEO Jensen Huang said that the company has restarted production of ​its H200 chips, the predecessor to its current flagship chip, after obtaining export licenses from U.S. President Donald Trump's administration and purchase orders from Chinese customers.

Nvidia plans to tap ​Groq's chips for what is known as inference, where AI systems answer ​questions, write code or carry out tasks for users. In the products Nvidia showed this ‌week, ⁠the company plans to use its forthcoming Vera Rubin chips, which cannot be sold in China, in combination with the Groq chips.

While Nvidia dominates the market for training AI systems, it faces much more competition in the inference ​market. Several major ​Chinese firms, including ⁠AI heavyweights such as Baidu (9888.HK), opens new tab, already produce their own inference chips.

The chips being readied for China are not downgraded ​versions or made specifically for the Chinese market, one ​of the ⁠sources told Reuters. But the new variant can be adapted to work with other systems, the source said, adding that the Groq chip is expected to ⁠be available ​in May.

Nvidia did not immediately respond to ​a request for comment.

Reporting by Stephen Nellis and Max A. Cherney in San Jose, California; Additional ​reporting by Yelin Mo in Beijing; Editing by Peter Henderson and Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Max A. Cherney is a correspondent for Reuters based in San Francisco, where he reports on the semiconductor industry and artificial intelligence. He joined Reuters in 2023 and has previously worked for Barron’s magazine and its sister publication, MarketWatch. Cherney graduated from Trent University with a degree in history.

A2A S.p.A. (AEMMY) Q4 2025 Earnings Call March 17, 2026 10:00 AM EDT

Company Participants

Marco Porro - Head of Investor Relations
Renato Mazzoncini - CEO, MD & Executive Director
Luca Moroni - Chief Financial Officer

Conference Call Participants

Roberto Letizia - Equita SIM S.p.A., Research Division
Javier Suarez Hernandez - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Francesco Sala - Banca Akros S.p.A., Research Division
Emanuele Oggioni - Kepler Cheuvreux, Research Division
Sarah Lester - Morgan Stanley, Research Division
Alberto de Antonio Gardeta - BNP Paribas, Research Division
Davide Candela - Intesa Sanpaolo Equity Research

Presentation

Operator

Hello, and welcome to the A2A Full Year 2025 Results Presentation. Please note, this conference is being recorded. [Operator Instructions] I will now turn you over to your host, Marco Porro, Head of Investor Relations, to begin today's conference. Please go ahead.

Marco Porro
Head of Investor Relations

Good afternoon, everyone, and thank you for joining us for full year 2025 performance presentation. Today, as speakers, we have Renato Mazzoncini, our CEO; and Luca Moroni, our CFO. So I'll leave immediately the floor to Renato for the first part of the presentation, and then he will pass to Luca. Thank you.

Renato Mazzoncini
CEO, MD & Executive Director

Okay. Thank you, Marco, and good afternoon, everyone. Thank you for joining us. We report another year of strong performance and value creation. The key message that we wish to share today is that we are on track, on trend and on target for shareholder returns.

So let's start from the slides that you can see, Slide #2. Highlights. Full year '25 results once again demonstrate our strong execution across all our strategic priorities, reinforcing A2A's positioning for sustainable growth and shareholder remuneration. From an industrial standpoint in '25, we delivered on a series of key new milestone fully aligned with our long-term infrastructure investment plan. Our electricity

NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of GoDaddy Inc. (“GoDaddy” or the “Company”) (NYSE: GDDY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether GoDaddy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 24, 2026, GoDaddy issued a press release announcing its fourth quarter and full year 2025 financial results. Among other items, GoDaddy provided 2026 revenue guidance in the range of $5.195 billion - $5.275 billion, missing analyst expectations. Discussing the impact of promotional pricing, GoDaddy also said that it “anticipate[s] a modest impact on reported revenue growth rates for the year in both Core Platform and A&C segments as the promotional price is allocated to all products included in the initial purchase.” 

On this news, GoDaddy’s stock price fell $13.18 per share, or 14.28%, to close at $79.12 per share on February 25, 2026. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

CHELMSFORD, Mass.--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers, and retailers of cannabis products in the United States, today announced that the ad hoc group of noteholders of the Company's 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028 (collectively, the “Notes”), which are parties to t.

CALGARY, Alberta, March 17, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that it has signed a contract (collectively, “the Contract”) whereby the Company is expected to earn, subject to regulatory approvals and other conditions precedent, a 49 percent working interest (“WI”) in the Tisquirama block located in the Middle Magdalena Valley Basin of Colombia (“the Block”) which contains the Tisquirama and San Roque fields (“the Fields”). Production is expressed in barrels of oil equivalent (“boe”) per day (“boepd”).

“Gran Tierra views the Contract as a strategic opportunity to obtain operatorship of assets, upon completion of the initial work program, and subject to Executive Committee approval of the corresponding plans with significant original oil in place (“OOIP”) that has historically seen limited development or secondary recovery and currently has a relatively low recovery factor. We believe this creates a compelling opportunity to apply Gran Tierra’s proven operating model and waterflood expertise to enhance recovery and extend field life. The Fields are adjacent to our Acordionero field and share similar geological characteristics, in which we have successfully implemented waterflood development to maximize recovery. By leveraging the technical expertise and operational efficiencies demonstrated at Acordionero, we believe there is a clear opportunity to waterflood the assets and significantly improve the recovery factor. In addition, we see potential to apply modern technologies, including potential application of horizontal and multi-lateral drilling techniques utilized in our Canadian operations, to increase reservoir contact and improve recovery. The proximity of these assets to our existing operations would also create meaningful synergies, including the ability to integrate water management across the fields and to utilize natural gas to implement a gas to power project, thereby lowering operating costs across the area. Operating these Fields alongside Acordionero would allow Gran Tierra to manage the area as a single operating hub, improving efficiency and maximizing long-term value for all stakeholders. The transaction further strengthens the longstanding partnership between Ecopetrol and Gran Tierra” said Gary Guidry, President and Chief Executive Officer of Gran Tierra.

The Contract is subject to the satisfaction of certain conditions precedent including regulatory approval by the Superintendence of Industry and Commerce of Colombia (“SIC”). The satisfaction of such conditions precedent will determine the Contract’s effective date.

Key Terms

Phase 1 capital activity is expected to focus initially on waterflood expansion from Gran Tierra’s operated Acordionero field into the adjoining Fields before accelerating development through wellbore optimization and low-risk infill drilling of the identified OOIP across the Block. Completion of Phase 1 is achieved with a minimum of $15 million, and previous approval of the Executive Committee, gross capital expenditures and implementation of continuous water injection which is currently anticipated to be achieved in the first quarter of 2027.Upon completion of Phase 1, Gran Tierra will receive 49 percent of existing base production in addition to 49 percent of incremental production. The Fields averaged 2,500 boepd on a gross basis in 2025. Upon completion of the carry commitment, ongoing capital expenditures would be shared between the parties, with Gran Tierra continuing as operator and applying its waterflood expertise to further expand secondary recovery and accelerate development, with anticipated potential production levels in excess of 13,000 boepd (gross) if development proceeds as expected.Expenditure commitment for a $92.4 million carry capital by Gran Tierra of approximately $47.1 million on a gross capital program over 40 months.In addition to development opportunities, there are near-field exploration prospects in proven plays on the Block.The contract term extends until the economic limit of the Fields, providing long-term development visibility and allowing Gran Tierra and Ecopetrol to fully develop the Block’s resource potential. Refer here for a map of the Block.

The reservoirs share similar geological characteristics to Gran Tierra’s adjoining Acordionero field, where the Company has successfully applied waterflood techniques to enhance recovery. Management will utilize a similar development strategy as at Acordionero, with active waterflood development and efficient low-cost infill drilling. There are greater than 60 unbooked drilling locations across the Block and Gran Tierra and Ecopetrol will evaluate the potential use of multi-leg horizontal drilling techniques to increase reservoir contact and optimize capital efficiencies. 
The development wells will be targeting the same formations and depths in Acordionero which we are currently drilling and completing for less than $2.0 million. We have drilled over 100 wells in the Acordionero field.Proximity to Acordionero will provide operational synergies including optimizing water management and injection across the Fields. Natural gas from the blocks may support gas-to-power infrastructure, enabling self-generated electricity and lowering operating costs across the area. Contact Information

For investor and media inquiries please contact:

Gary Guidry, Chief Executive Officer

Ryan Ellson, Executive Vice President & Chief Financial Officer

+1-403-265-3221
[email protected] 

About Gran Tierra Energy Inc.

Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador; however, we have recently entered into an exploration, development and production sharing agreement with SOCAR and may eventually expand our operations into Azerbaijan and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company’s website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to [email protected] or (403) 265-3221.

Gran Tierra’s filings with the U.S. Securities and Exchange Commission (the “SEC”) are available on the SEC website at http://www.sec.gov. Gran Tierra’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 

Forward Looking Statements and Legal Advisories:

This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”), which can be identified by such terms as “expect,” “plan,” “can,” “will,” “should,” “guidance,” “estimate,” “forecast,” “signal,” “progress,” “believes,” and “remains subject to,” derivations thereof and similar terms are intended to identify forward-looking statements. Such forward-looking statements include, but are not limited to, statements regarding the satisfaction of the conditions precedent to, and the timing of the effectiveness of, the Contract, including receipt of regulatory approvals from the SIC; Gran Tierra’s ability to earn its working interest in the Block; the expected timing, cost and scope of the committed work program and Phase 1 capital activities, including the capital carry and social investment; the expected timing of obtaining operatorship and entitlement to base production; the expected allocation of capital and operating expenditures following completion of the Phase 1 carry commitment; OOIP relating to the Block and the Acordionero field, planned waterflood expansion, drilling, development and water injection activities; potential production levels, recovery factors and development potential; the potential use of multi-leg horizontal drilling techniques; and anticipated operational synergies, including water management integration and the potential use of natural gas to support gas-to-power infrastructure.

The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will obtain the required regulatory approvals and satisfy the conditions precedent for the Contract to become effective, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates), rig availability, the effects of drilling down-dip, the effects of waterflood and multi-stage fracture stimulation operations, the extent and effect of delivery disruptions, and the general continuance of current or, where applicable, assumed operational, regulatory and industry conditions in Canada, Colombia, Ecuador and Azerbaijan and areas of potential expansion, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned. Gran Tierra believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that these factors, expectations and assumptions will prove to be correct.

Among the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements in this press release are: certain of Gran Tierra’s operations are located in South America and the Company is pursuing activities in other international jurisdictions, including Azerbaijan, and unexpected problems can arise due to guerilla activity, strikes, local blockades or protests, civil unrest, sanctions-related restrictions, or other political instability; risks associated with the Company’s potential entry into Azerbaijan, including the risk that the EDPSA may not become effective or may be delayed due to failure to obtain required legislative or governmental approvals, and political, regulatory or legal risks associated with operating in a new jurisdiction and the risk that exploration activities may not result in commercial discoveries; technical difficulties and operational difficulties may arise which impact the production, transport or sale of Gran Tierra’s products; other disruptions to local operations; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and natural gas, including inflation and changes resulting from a global health crisis, geopolitical events, including the ongoing conflicts in Ukraine, the Middle East and Venezuela, or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and resulting company or third-party actions in response to such changes; changes in commodity prices, including volatility or a prolonged decline in these prices relative to historical or future expected levels; the risk that current global economic and credit conditions may impact oil and natural gas prices and oil and natural gas consumption more than Gran Tierra currently predicts, which could cause Gran Tierra to further modify its strategy and capital spending program; prices and markets for oil and natural gas are unpredictable and volatile; the effect of hedges, the accuracy of productive capacity of any particular field; geographic, political and weather conditions can impact the production, transport or sale of Gran Tierra’s products; the ability of Gran Tierra to execute its business plan, which may include acquisitions, and realize expected benefits from current or future initiatives; the risk that unexpected delays and difficulties in developing currently owned properties may occur; the ability to replace reserves and production and develop and manage reserves on an economically viable basis; the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates); the risk profile of planned exploration activities; the effects of drilling down-dip; the effects of waterflood and multi-stage fracture stimulation operations; the extent and effect of delivery disruptions, equipment performance and costs; actions by third parties; the timely receipt of regulatory or other required approvals for Gran Tierra’s operating activities; the failure of exploratory drilling to result in commercial wells; unexpected delays due to the limited availability of drilling equipment and personnel; volatility or declines in the trading price of Gran Tierra’s common stock or bonds; the risk that Gran Tierra does not receive the anticipated benefits of government programs, including government tax refunds; Gran Tierra’s ability to comply with financial covenants in its credit agreement and indentures and make borrowings under its credit agreement; and the risk factors detailed from time to time in Gran Tierra’s periodic reports filed with the SEC, including, without limitation, under the caption “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year ended December 31, 2025 filed on March 4, 2026 and its other filings with the SEC. These filings are available on the SEC’s website at http://www.sec.gov and on SEDAR+ at www.sedarplus.ca.

The forward-looking statements contained in this press release are based on certain assumptions made by Gran Tierra based on management’s experience and other factors believed to be appropriate. Gran Tierra believes these assumptions to be reasonable at this time, but the forward-looking statements are subject to risks and uncertainties, many of which are beyond Gran Tierra’s control, which may cause actual results to differ materially from those implied or expressed by the forward looking statements. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Actual results may vary materially from the expected results expressed in forward-looking statements. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable.

The estimates of future production may be considered to be future-oriented financial information or a financial outlook for the purposes of applicable Canadian securities laws. Financial outlook and future-oriented financial information contained in this press release about prospective operational performance are provided to give the reader a better understanding of the potential future performance of the Company in certain areas and are based on assumptions about future events, including economic conditions and proposed courses of action, based on management’s assessment of the relevant information currently available, and to become available in the future. In particular, this press release contains projected operational information for the Block. These projections contain forward-looking statements and are based on a number of material assumptions and factors set out above. Actual results may differ significantly from the projections presented herein. The actual results of Gran Tierra’s operations for any period could vary from the amounts set forth in these projections, and such variations may be material. See above for a discussion of the risks that could cause actual results to vary. The future-oriented financial information and financial outlooks contained in this press release have been approved by management as of the date of this press release. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management’s best estimates and judgments, and represent, to the best of management’s knowledge and opinion, the Company’s expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results.

Presentation of Oil and Gas Information

Boes have been converted on the basis of six thousand cubic feet (“Mcf”) natural gas to 1 boe of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 boe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a boe conversion ratio of 6 Mcf: 1 boe would be misleading as an indication of value.

References to a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume. Gran Tierra’s reported production is a mix of light crude oil and medium heavy crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids for which there is no precise breakdown since the Company’s sales volumes typically represent blends of more than one product type. Well test results should be considered as preliminary and not necessarily indicative of long-term performance or of ultimate recovery. Well log interpretations indicating oil and gas accumulations are not necessarily indicative of future production or ultimate recovery. If it is indicated that a pressure transient analysis or well-test interpretation has not been carried out, any data disclosed in that respect should be considered preliminary until such analysis has been completed. References to thickness of “oil pay” or of a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume.

The drilling locations disclosed in this press release are unbooked locations. Unbooked locations are internal estimates based on Gran Tierra’s assumptions as to the number of wells that can be drilled per section based on industry practice and internal review. Unbooked locations do not have attributed reserves or resources. Unbooked locations have been identified by management as an estimation of Company’s multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that Gran Tierra will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations considered for future development will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. While certain of the unbooked drilling locations have been derisked by the drilling of existing wells in relative close proximity to such unbooked drilling locations, other unbooked drilling locations are farther away from existing wells where management has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.

Figure 1 Gran Tierra Energy Inc. Announces Strategic Partnership with Ecopetrol for The Development of Fields...

, /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) announced today it will be reporting its second quarter 2026 results after market on Tuesday, April 7, 2026. Shareholders and other interested parties are invited to listen to its financial results conference call at 2:00 p.m. PDT, live, either over the Internet or via dial in.

Listeners can access the webcast and earnings release at the Greenbrier website, www.gbrx.com. To register for or access the webcast, click on the announcement shown on the home page of the website. The webcast will be archived for 30 days.

Alternatively, dial-in numbers for the Conference Call are 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers; the entry number is "6357300". Please call in 10-15 minutes ahead of time to ensure proper connection.

About Greenbrier

Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America through our maintenance services business unit. Greenbrier owns a lease fleet of approximately 17,000 railcars that originate primarily from Greenbrier's manufacturing operations. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and other railcar owners in North America. Learn more about Greenbrier at www.gbrx.com.

SOURCE The Greenbrier Companies, Inc.

NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether AeroVironment and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On December 9, 2025, AeroVironment reported its financial results for the second quarter of its 2026 fiscal year.  Among other items, the Company reported earnings per share of only $0.44, falling well short of the consensus estimate of $0.80.  Gross margins fell to 20.9% from 43% in the prior-year quarter, as cost of goods sold surged to 79% of revenue.  AeroVironment reported a loss of $67.4 million for the quarter, compared to a $21.2 million profit for the same period in the prior year. 

On this news, AeroVironment’s stock price fell $36.17 per share, or 12.85%, to close at $245.25 per share on December 10, 2025. 

Then, on March 2, 2026, Raymond James cut its rating on AeroVironment from Strong Buy to Underperform, citing uncertainty around the U.S. Space Force’s Satellite Communications Augmentation Resource (“SCAR”) program, which had been AeroVironment’s largest contract at roughly $1.4 billion in expected value.  Work on the SCAR program is now under review and may be split among new vendors or paused entirely, putting that revenue at risk. 

On this news, AeroVironment’s stock price fell $43.93 per share, or 17.42%, to close at $208.32 per share on March 2, 2026. 

Then, on March 10, 2026, AeroVironment announced its financial results for the third quarter of fiscal year 2026.  Among other items, AeroVironment reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025.  The result included the impact of a $151.3 million goodwill impairment in the Company’s space division after a stop-work order tied to the Space Force’s SCAR program. 

On this news, AeroVironment’s stock price fell $13.84 per share, or 16.25%, to close at $207.73 per share on March 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

New York, New York--(Newsfile Corp. - March 17, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Camping World Holdings, Inc. (NYSE: CWH) between April 29, 2025 and February 24, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026.

SO WHAT: If you purchased Camping World securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Camping World Holdings' business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) Camping World overstated its ability to "surgically manage [its] inventory" to optimize profit using "data analytics;" (2) Camping World overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, Camping World would require "strict, corrective inventory management objectives," negatively impacting gross profit and margins; (4) Camping World's inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage Selling, General & Administrative ("SG&A") expenses; and (5) as a result of the foregoing, defendants' positive statements about Camping World's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288858

Source: The Rosen Law Firm PA

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Key Takeaways AI-favorite Micron reports this week. Following its Zacks Rank would've led to huge gains for investors. Massive growth is expected yet again, with its role in the broader AI frenzy being realized. Micron (MU - Free Report) is a world leader in innovative memory and storage solutions that accelerate the transformation of information into intelligence. Shares have been red hot on the back of the AI frenzy, with its solutions a massively important piece of the infrastructure given the common issue of memory bottlenecks.

The stock is a perfect example of the Zacks Rank in action, as shown below. The company was thrust into the highly-coveted Zacks Rank #1 (Strong Buy) in August of last year thanks to rising EPS revisions, with shares soaring since.

Image Source: Zacks Investment Research

Zacks Rank Leads to Huge GainsMicron’s latest results were stellar, posting a double-beat relative to our consensus expectations and being lifted by accelerating demand for AI services. Sales were up more than 55% YoY to a new record, whereas adjusted EPS climbed an even more impressive 185%.

Its cash-generating abilities have also been amplified during the favorable demand environment, reflecting yet another massive positive. Specifically, operating cash flow of $8.4 billion in the above-mentioned period also reflected a record, crushing the $5.7 billion print in the same period last year.

As shown below, Micron’s EPS and sales expectations continue to rise bullishly heading into its upcoming release, with Zacks Consensus Estimates suggesting 460% EPS growth on 140% higher sales.

Image Source: Zacks Investment Research

Can Momentum Sustain After Massive Gains?While many AI-related companies will face heavy scrutiny in 2026, Micron (MU - Free Report) reflects a much clearer play on the buildout overall. Memory is often a big bottleneck, with MU capitalizing in a big way on the issue. The company even recently announced its exit of the consumer memory market, further displaying its commitment to maximizing its sales through large enterprises.

Disney's entertainment chairman Alan Bergman is "miserable" and "sad" after getting the news that he will report directly to his C-suite rival, Dana Walden, the Mouse House's new president and chief creative officer, insiders told The Post.

SUGAR LAND, Texas, March 17, 2026 (GLOBE NEWSWIRE) -- Applied Optoelectronics Inc. (NASDAQ: AAOI), a leading provider of advanced optical and HFC networking products that power AI, today announced plans for the Optical Fiber Communications Conference ‘OFC’, at the Los Angeles Convention Center, March 17-19, where it will demonstrate how its solutions support modern data centers with the bandwidth, power and density needed for future AI systems.

Over the past few years, AOI has strategically enhanced its portfolio to provide the high-performance optical sources required for the industry’s shift toward silicon photonics, Near-Packaged Optics (NPO), and co-packaged optics (CPO) architectures. The company recently celebrated plans to expand its domestic manufacturing capacity with a groundbreaking ceremony at the new 210,000 square foot facility near its headquarters in Sugar Land, Texas, where it expects to have the largest production capacity for AI-focused datacenter transceivers in the U.S.

OFC attendees can see AOI’s technology in action in the South Hall, Booth #739, where it will showcase its comprehensive transceiver range —from 100G to 1.6T, alongside a live 6.4T On-Board Optics (OBO) demonstration, powered by AOI’s 400mW external laser small form-factor pluggable (ELSFP).

The Foundation of AI Connectivity: AOI’s 25dBm Ultra-High Power ELSFP

At the heart of AOI’s next-generation showcase is the 400mW laser Continuous Wave (CW) for 25dBm ELSFP. This industry-leading laser source provides the critical high-link-budget foundation required for CPO/NPO architectures. By combining extreme power with a hot-swappable, highly serviceable design, AOI ensures the unwavering reliability essential for mission-critical GPU clusters.

"Reliability and performance are non-negotiable as the industry shifts toward more demanding GPU fabrics," said Fred Chang, Senior Vice President and North American General Manager at AOI. "Our 25dBm ELSFP solution addresses these needs by providing the unmatched power and mission-critical reliability required for complex AI networking, offering a high-performance, hot-swappable solution that is ready to scale hyperscale infrastructures today."

Additional Booth Highlights

6.4T High-Density Integrated Photonics: AOI’s 6.4T OBO demo is a key advancement in AI networking. While the industry trends toward NPO and CPO, OBO provides an immediate, high-density solution for the signal integrity needs of hyperscale AI infrastructure.800G and 1.6T Optical Interconnects: Engineered for the extreme throughput demands of modern GPU fabrics, these interconnects provide the scalable bandwidth necessary to support evolving large language models and intensive AI training workloads. Investor Session at OFC
AOI’s Chief Financial Officer and Chief Strategy Officer, Stefan Murry, will host an investor session at OFC on Tuesday, March 17 at 4:00 p.m. PT. A live audio webcast of the event will be accessible here. A replay of the webcast will be available on the company’s investor relations page following the conclusion of the event.

Additional Resources:

AOI Optical TransceiversAOI Semiconductor LasersAOI Optical ComponentsAOI Newsroom About AOI  
Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical and HFC networking products that are the building blocks for AI datacenters, CATV and broadband fiber access networks around the world. AOI supplies this critical infrastructure to tier-one customers across cloud computing, CATV broadband, telecom, and FTTH markets. The company has R&D facilities in Atlanta, GA, and engineering and manufacturing facilities at its corporate headquarters in Sugar Land, TX, as well as in Taipei, Taiwan and Ningbo, China. For additional information, visit www.ao-inc.com.

Media contact:
Sara Cicero
[email protected]
770-331-0269

IRVINE, Calif., March 17, 2026 (GLOBE NEWSWIRE) -- Phoenix Energy One, LLC (NYSE American, PHXE.P) (“Phoenix Energy” or the “Company”), an energy company focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana, filed its Annual Report for the fiscal year ended December 31, 2025 on March 17, 2026, thereby announcing its financial and operating results for the fourth quarter and full year of 2025. The Company delivered strong year-over-year growth in revenue, net income, and production as it expanded operations across key U.S. basins.

Q4 2025 Highlights

Phoenix Energy delivered record quarterly production and more than doubled revenue compared with the fourth quarter of 2024.

Generated revenue of $218.6 million (an increase of 115% from Q4 2024), net income of $33.3 million (an increase of 347% from Q4 2024) and EBITDA of $147.1 million (an increase of 207% from Q4 2024);Amended the Company's term loan facility to establish a new tranche of commitments in an aggregate principal amount of $350.0 million, with $50.0 million of such commitments funded in October 2025, and up to $300.0 million to be available on a discretionary basis;Achieved the Company's highest monthly production of crude oil with 1.1 million barrels of oil produced in November 2025; andIn December 2025, the Company was the seventh largest producer of crude oil in the Williston Basin. 2026 Outlook

  Year Ending December 31, 2026 (dollars in thousands) Lower Range  Upper Range Revenue(1) $1,190,000  $1,490,000 Total operating expenses $965,000  $1,030,000 Net income (loss)(2) $(40,000) $65,000 EBITDA(3) $475,000  $605,000 Total outstanding debt(4) $1,900,000  $2,150,000 Production:      Crude oil (Bbls)  12,500,000   13,600,000 Natural gas (Mcf)(5)  14,900,000   16,300,000 NGLs (Bbls)  475,000   520,000 Total (Boe) (6:1)  15,458,333   16,836,667 Average daily production (Boe/d) (6:1)  42,352   46,128  (1) Based on an average benchmark commodity price of $63.90/Bbl for crude oil and $3.50/MMBtu for natural gas. In recent months, oil and natural gas prices have been significantly volatile. Oil prices have recently increased due to geopolitical tensions in the Middle East, rising to $98.71 per Bbl as of March 13, 2026. This increase in price follows a period of comparatively lower prices during much of the second half of 2025, when oil and natural gas prices ranged from highs of $70.00 per Bbl as of July 30, 2025 and $5.289 per MMBtu as of December 5, 2025, respectively, to lows of $55.27 per Bbl as of December 16, 2025 and $2.65 per MMBtu, as of October 17, 2025, respectively.(2)Net income projections are subject to significant variability due to the accounting treatment of the Company’s derivative instruments. The Company uses derivative instruments to manage exposure to commodity price volatility. These instruments are accounted for at fair value under generally accepted accounting principles in the United States ("GAAP"), with changes in fair value recognized in earnings each reporting period. As a result, reported net income may be significantly impacted by non-cash gains or losses resulting from changes in forward commodity price curves related to future production periods, including 2026, 2027 and 2028. Because these adjustments reflect changes in market expectations for future commodity prices rather than current operational performance, reported net income may fluctuate materially from period to period and may not be indicative of the Company's underlying operating performance. Accordingly, deviations from projected net income due primarily to non-cash mark-to-market adjustments on derivative instruments may occur even if operational performance remains consistent with expectations, and the Company may elect not to update previously issued net income guidance when such deviations occur.(3)EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” below for a reconciliation to net income (loss), the most directly comparable financial measure under GAAP. Assumes interest expense ranging between $220.0 million and $255.0 million and depreciation, depletion, and amortization expense ranging between $260.0 million and $310.0 million during the year ending December 31, 2026. The Company has not provided a full reconciliation of its forward outlook for EBITDA in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the specific amount and timing of certain items required to provide a full reconciliation, in particular due to the impact that commodity prices can have on the Company's derivative positions.(4)Assumes repayment of an aggregate of $148.0 million of debt outstanding as of December 31, 2025 and that matures prior to December 31, 2026, no prepayments of debt that is not maturing prior to December 31, 2026, and the issuance of between $518.1 million and $768.1 million of new debt during the year ending December 31, 2026.(5)Revenue from natural gas has not historically represented a significant portion of our total revenues. We anticipate this trend to continue and, as a result, we currently estimate 7,550,000 Mcf to 7,750,000 Mcf of natural gas volumes (of the production range presented above) will be sold and recognized as revenues for the year ending December 31, 2026.
Q4 and Full-Year 2025 Financial Results

  Three Months Ended December 31,  Year Ended December 31, (in thousands) 2025  2024  2025  2024 Total revenues $218,578  $101,677  $687,180  $281,227 Net income (loss)  33,323   (13,499)  66,108   (24,793)EBITDA(1)  147,070   47,867   403,582   150,689  (1)EBITDA is a non-GAAP measure. See “Non-GAAP Financial Measures” below for a reconciliation to net income (loss), the most directly comparable financial measure under GAAP.
Net income for the three months ended December 31, 2025 increased $46.8 million, or 347%, as compared to the same period in 2024. The increase was primarily due to higher product sales of $74.4 million from the Company's operated properties driven by additional wells placed into service and a $49.6 million increase in gain on derivatives due to decreases in the forward commodity price curves, partially offset by a $31.9 million increase in depreciation, depletion and amortization expense primarily due to increases in the Company's depletable cost bases, a $26.4 million increase in cost of sales primarily associated with the Company's oil and gas operating activities, and a $20.4 million increase in interest expense, net, primarily due to increased interest costs associated with the Company's term loan facility and the issuance of additional interest-bearing securities.

Net income for the year ended December 31, 2025 increased $90.9 million, or 367%, as compared to the same period in 2024. The increase was primarily due to higher product sales of $311.8 million from the Company's operated properties driven by additional wells placed into service and a $58.8 million increase in gain on derivatives due to decreases in the forward commodity price curves, partially offset by a $91.9 million increase in depreciation, depletion and amortization expense primarily due to increases in the Company's depletable cost bases, a $91.3 million increase in cost of sales primarily associated with the Company's oil and gas operating activities, a $71.0 million increase in interest expense, net, primarily due to increased interest costs associated with the Company's term loan facility and the issuance of additional interest-bearing securities, and a $28.0 million decrease in mineral and royalty revenues driven by an 8.8% decrease in the average realized price and production volumes of crude oil.

Q4 and Full-Year 2025 Operational Results

  Three Months Ended December 31,  Year Ended December 31,   2025  2024  2025  2024 Net oil-equivalent production (BOE)  3,447,035   1,650,570   9,924,337   4,742,381 Average daily production (BOE/d) (6:1)  37,880   18,138   27,190   12,993 
During the year, the Company achieved the following operational results:

Phoenix Operating, LLC ("Phoenix Operating"), the Company’s wholly-owned subsidiary, commenced drilling activities on a combined 508 gross wells and 62.9 net producing wells;Phoenix Operating released rigs on 83 wells, completed hydraulic fracturing on 71 wells, and placed 65 wells into production; andRanked among the fastest spud-to-production cycle times in 2025 among the 20 largest producers in North Dakota. From Adam Ferrari, Chief Executive Officer

“Phoenix Energy delivered exceptional growth in 2025, with revenue increasing 144% year-over-year and production reaching record levels,” said Adam Ferrari, Chief Executive Officer. “Our operational discipline in the Williston Basin continues to drive efficiency gains and faster well development, positioning us for sustained growth in 2026.”

Phoenix Energy previously announced that it will host a public earnings call on Wednesday, March 18, 2026, at 1:30 PM PT to discuss these results. Participants may access the webcast and presentation materials on the Company’s investor-relations website at https://phoenixenergy.com/investors/.

The Form 10-K filing can be viewed in its entirety via the U.S. Securities and Exchange Commission’s EDGAR database or on Phoenix Energy’s website at https://phoenixenergy.com/investors/.

About Phoenix Energy

Founded in 2019 and headquartered in Irvine, California, Phoenix Energy is an innovative energy company specializing in oil production, mineral rights royalty acquisition, and non-operating working interests. Phoenix Energy’s drilling operations are currently focused on the Williston Basin (North Dakota and Montana), as well as the Powder River and Denver-Julesburg Basins (Wyoming and Colorado). Its royalty and working interest acquisitions target mineral, leasehold, overriding, and perpetual royalty interests across major U.S. basins.

Non-GAAP Financial Measures

This press release contains “non-GAAP financial measures” that are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with GAAP. Specifically, the Company presents “EBITDA” as a supplemental measure of financial performance that is not required by, or presented in accordance with, GAAP. The Company believes these measures can assist investors in comparing the Company’s operating performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance. Management believes these non-GAAP measures are useful in highlighting trends in the Company’s operating performance, while other measures can differ significantly depending on long term strategic decisions regarding capital structure, capital investments, etc. Management uses these non-GAAP measures to supplement GAAP measures of performance in the evaluation of the effectiveness of the Company’s business strategies and to make budgeting decisions. Management supplements GAAP results with non-GAAP financial measures to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone provide. However, these measures should not be considered as an alternative to net income (loss) as a measure of financial performance or cash provided by operating activities as a measure of liquidity, or any other performance measure derived in accordance with GAAP. The presentation of these measures have limitations as an analytical tool and should not be considered in isolation, or as a substitute for the Company’s results as reported under GAAP.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, which are statements regarding all matters that are not historical facts. Forward-looking statements may be identified using words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. Forward-looking statements in this release include, but are not limited to, our expectations regarding our financial position and financial and operating performance, including our outlook and guidance for 2026, our assumptions underlying such guidance, and the impact of commodity price volatility on our derivative instruments, as well as our expectations regarding improved operational efficiencies.

Forward-looking statements are based on Phoenix Energy’s beliefs, assumptions, and expectations, taking into account currently known market conditions and other factors. Phoenix Energy’s ability to predict results or the actual effect of future events, actions, plans, or strategies is inherently uncertain and involves certain risks and uncertainties, many of which are beyond its control. Phoenix Energy’s actual results and performance could differ materially from those set forth or anticipated in its forward-looking statements. You are cautioned that the forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the forward-looking events and circumstances will occur. All forward-looking statements in this press release are made only as of the date of this press release, based on information available to Phoenix Energy as of the date of this press release, and you are cautioned not to place undue reliance on forward-looking statements considering the risks and uncertainties associated with them.

Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond our control. Management believes that these factors include but are not limited to the risk factors the Company has identified in its filings with the U.S. Securities and Exchange Commission, including in its Annual Report on Form 10-K under the heading “Risk Factors.” Risk factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company may not actually achieve the plans, intentions or expectations disclosed in such forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of new information, future developments or otherwise, except as may be required by any applicable securities laws.

PHOENIX ENERGY ONE, LLC AND SUBSIDIARIES

Reconciliation of Non-GAAP Measures

The following table shows a reconciliation of EBITDA to net income (loss), the most comparable GAAP measure, for the periods presented:

  Three Months Ended December 31,  Year Ended December 31, (in thousands) 2025  2024  2025  2024 Net income (loss) $33,323  $(13,499) $66,108  $(24,793)Interest income  (298)  (389)  (1,653)  (705)Interest expense, net  49,524   29,094   161,214   90,210 Depreciation, depletion, and amortization  64,521   32,661   177,913   85,977 EBITDA $147,070  $47,867  $403,582  $150,689 
Contact

Company: Phoenix Energy One, LLC
Email: [email protected]
Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
Phone: 949-416-5037

Darius Baruo Mar 17, 2026 20:51

Major enterprises adopt Solana (SOL) for corporate treasury as Fireblocks reports $400B monthly stablecoin volume. Western Union goes exclusive on SOL.

Western Union has chosen Solana (SOL) exclusively for its on-chain treasury initiatives, joining a growing wave of enterprises abandoning traditional banking rails for blockchain-based liquidity management. The payments giant revealed its strategy during a Solana Foundation webinar this week, alongside Papaya Global's announcement that it now processes global payroll directly in stablecoins through the network.

The institutional adoption comes as Fireblocks reports stablecoins now comprise nearly half of the $400 billion flowing through its platform monthly—a figure that underscores how quickly corporate treasuries are shifting on-chain.

The Numbers Driving Corporate MigrationMaya Caddle, Payments Lead at Solana Foundation, pointed to hard metrics: Solana processes more daily transactions than all other major blockchains combined, with median fees at fractions of a cent and sub-second confirmations. For treasurers managing global payroll or cross-border settlements, those economics matter.

Richard Astle, VP of Network at Fireblocks, noted the custody platform has now secured over $10 trillion in cumulative transfers. That institutional track record appears to be unlocking corporate comfort with on-chain treasury.

SOL currently trades at $94.57, relatively flat over 24 hours despite Galaxy Digital CEO Mike Novogratz declaring last week that crypto is entering the "season of Solana."

What Traditional Treasury Actually CostsThe webinar laid out the hidden friction enterprises face with legacy systems: capital trapped in pre-funded local accounts for weekends and holidays, multiple correspondent banks adding FX markups, and the operational burden of managing hundreds of separate bank accounts globally just to maintain local liquidity.

Western Union and Papaya Global are replacing this fragmentation with single institutional wallets enabling just-in-time liquidity. A New York headquarters can now move funds to a Brazilian subsidiary instantly, 24/7, without capital sitting idle.

Non-financial corporates in energy, shipping, and commodities are reportedly settling multi-billion dollar transactions through the same infrastructure, particularly in emerging markets where traditional payments frequently get stuck.

Institutional Infrastructure Now AvailableThe enterprise toolkit has matured considerably. Fireblocks provides custody with governance workflows. Solana's Token Extensions enable programmatic compliance—confidential balances, required memos, and transfer logic built at the protocol level. For institutions requiring full operational sovereignty, Solana Contra offers private permissioned instances connected to the broader ecosystem.

Yield generation has also evolved. BlackRock and Franklin Templeton now offer tokenized funds on Solana, allowing treasurers to earn returns on idle stablecoin balances rather than letting capital sit dormant.

This follows Citigroup's completion of a full tokenized Bill of Exchange lifecycle on Solana in February, handling issuance through settlement alongside PwC.

Timeline to ProductionPerhaps the most significant shift: deployment timelines have compressed from years to weeks. The modular architecture means enterprises can prototype and scale without building from scratch.

For corporate treasurers still operating on T+2 settlement cycles and banking hours, the question is becoming less "if" and more "when" their competitors move first.

Image source: Shutterstock

solana sol corporate treasury stablecoins fireblocks

Bitcoin (CRYPTO: BTC) on Tuesday morning hit $76,000 after eight straight green days, a pattern that has only occurred 15 times in Bitcoin’s history and not seen in three years.

The Rare Eight-Day StreakThe eight consecutive green days pushed Bitcoin up 15%-16% from crisis lows, breaking through key resistance despite testing back to $74,000. 

The last time this pattern occurred, it led to a massive correction, but historically it has been a positive signal, especially approaching key resistance levels.

CoinShares head of research James Butterfill says the rally appears to be driven by a short squeeze that may be ending. 

“There’s been a bit of a short flush out and we’re at the end of that, so the rally doesn’t have legs to it,” Butterfill said.

The Whale Selling PressureBitcoin faces continued headwinds from whale selling, with $37 billion in outflows from wallets holding over 10,000 Bitcoin since October. 

The Winklevoss twins sold $130 million worth of Bitcoin, signaling ongoing selling pressure from large holders.

Fund flows have turned a corner. Bitcoin ETFs saw $4 billion in outflows over five weeks, then $3 billion in inflows over the past three-to-four weeks, nearly correcting all outflows. Institutional investors are bottom-fishing.

The Tokenization CompetitionTokenized commodities are drawing liquidity from Bitcoin. Oil trading on Hyperliquid (CRYPTO: HYPE) surged from zero to 21 million in volume at launch, then hit $1.3 billion in a 24-hour period over the weekend.

Aggregated stablecoin volumes and decentralized finance volumes would rank as the sixth-largest equity exchange in the world.

The Bitcoin Mining ShiftBitcoin mining companies are rapidly transitioning to AI. Currently, 30% of revenues are derived from AI in listed Bitcoin miner space. 

By the end of this year, that number will hit 70% of revenue.

“I was going to ask you what do you mean by Bitcoin miners? I thought they were called AI data centers,” quipped one analyst. 

The hash price of miners sits at $30 per petahash per day, brutal economics pushing miners toward AI.

Image: Shutterstock

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Bitmine Immersion Technologies has been buying Ether steadily and has pushed its holdings to roughly 4.5 million tokens, a position that makes the firm one of the largest corporate holders on record.

According to reports, the latest disclosed move included an over-the-counter purchase of 5,000 ETH from the Ethereum Foundation, a sale arranged off-exchange to avoid pressuring public markets. The deal is small compared with the company’s total hoard, but it underscores an ongoing accumulation plan.

Bitmine Staked Most Of Its Holdings Reports indicate that Bitmine added nearly 61,000 ETH in a single week, marking a notable acceleration in its purchase pace. The weekly bump is bigger compared to the company’s recent averages and highlights its more aggressive accumulation strategy. Combined with its existing holdings, the new ETH pushes Bitmine closer to controlling 4.6 million tokens in total.

The bulk of that altcoin is not sitting idle. Reports indicate the company has staked about 3 million ETH — roughly 60% of its stash — and is expanding its validator infrastructure under a project named MAVAN.

Staking turns a crypto treasury into a yield-producing asset. It also ties value up; staked ETH is more constrained than liquid balances. Bitmine’s public filings show the firm expects staking to deliver steady revenue while it holds onto the coin for the long run.

Image: Thomas Fuller/SOPA Images/LightRocket via Getty Images Shares Reacted Quickly Investors took notice. Data shows Bitmine’s stock climbed nearly 12% on the day the purchase was disclosed. Traders and analysts pointed to the company’s aggressive accumulation and staking strategy as the main catalyst for the move.

That reaction signals that the market values companies that can both accumulate large positions and extract yield from them.

ETHUSD trading at $2,327 on the 24-hour chart: TradingView Infrastructure Push Bitmine plans to build out MAVAN to control more of its staking stack and to capture fees that go to validators. Officials said the goal is to reduce reliance on third-party validators and to scale operations so staking rewards feed the company’s bottom line.

Expanding a private validator network can improve operational margins, but it also concentrates control of staked validator seats under one operator.

Risk And Centralization Questions Holding nearly 4.6 million ETH raises questions beyond returns. Data shows a single corporate holder with a multi-million ETH position increases the visibility of that holder to markets and to the community.

Large, concentrated positions can amplify price swings if the holder moves to liquidate. They can also prompt debate about how concentrated staking power should be within a single entity.

Bitmine’s path now depends on price action and on how quickly it can scale MAVAN. Reports suggest it aims for further purchases down the road and for higher staking rates, but those plans carry trade-offs: more yield and more income, versus higher exposure to ETH price swings and governance scrutiny.

For now, investors are willing to pay up for the story — the stock jump shows that — and observers in the crypto world will be watching whether other firms follow with similar accumulation and staking strategies.

Featured image from YouHodler, chart from TradingView

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

SWIFT’s work with Santander on a blockchain ledger & PayPal’s stablecoin rollout to 70 countries underscore a digital shift in financial wiring.

Market Sentiment:

Bullish Bearish Neutral

Published: March 17, 2026 │ 8:02 PM GMT

Created by Gabor Kovacs from DailyCoin

In a fast-paced breakdown of recent developments, a mainstream crypto analyst argues that XRP and Ripple’s ecosystem are quietly threading deeper into global finance — from U.S. regulatory talks on Capitol Hill to leaked office visuals linking Ripple to JPMorgan, and fresh activity around Swift and Santander.

Capitol Hill Push: Stablecoin Yields In a Tight Political WindowLevi Rietveld opens his YouTube episode with excerpts from a Capitol Hill interview featuring Senator Kevin Cramer, who is calling for “guardrails” that clearly distinguish commodities from securities and traditional from non‑traditional banking.

Sponsored

Cramer signals that lawmakers are aiming for a markup on a digital asset “Clarity Act” before Easter, warning that “time is not our friend” as the U.S. moves deeper into the election cycle.

JUST IN: 📜 The CLARITY Act could see a markup before Easter, according to Senator Kevin Cramer.

🇺🇸 Cramer advocates for "U.S. guardrails" between traditional and non-traditional banking, warning the U.S. could lose its "innovative edge" if digital assets move overseas. pic.twitter.com/2cWRw6SsXy

— Bitcoin.com News (@BitcoinNews) March 17, 2026 According to Levi Rietveld, the main sticking point is stablecoin yield — specifically whether yield can be earned on crypto exchanges and not just through banks.

He notes that large banks are “lobbying really aggressively” against the crypto industry, and urges viewers to pressure their senators to support a bill that explicitly allows yield on stablecoins and other crypto assets outside the banking system.

JPMorgan On The Wall: XRP’s Diagram Sparks Integration BuzzThe most eye‑catching claim arrives from a Ripple-related corporate video featuring a partner firm, I Payout. In a picture highlighted by the analyst, a diagram inside an office shows “XRP” at the center, with “JP Morgan” labeled below and other banks in surrounding regions.

The graphic, Levi says, has triggered widespread speculation that “the XRPL is being integrated into JPM.”

The analyst concedes that this could be an elaborate teaser, but argues that if the visual reflects real integration work, “the price potential for XRP is gonna fly through the roof” given the implied transaction volumes and institutional demand.

Ripple is described as already processing “over 100 billion+ across 60+ markets” and being live with Brazilian institutions including Banco Genial, Braza Bank, Nomad and Azifi, as well as custody and exchange integrations with CRX, Mercado Bank, Foxbit and Rippeo.

SWIFT’s Favorable Santander Ties & The Extended XRP Time LineOn the payments infrastructure side, the analyst cites an official SWIFT post stating that PagoNXT, “a Santander company,” is working with Swift on its “blockchain-based ledger.”

Levi connects this to Santander’s 2020 partnership with Ripple “to bring certainty and speed to international markets,” suggesting an overlapping network where Ripple, SWIFT, Santander and XRP-based rails may increasingly intersect, even if none of the parties are publicly framing it that way today.

The analyst also flags PayPal’s move to enable stablecoin access in 70 countries, framing it as evidence that “every major financial institution is getting deeply integrated into the world of blockchain.”

Faster transfers, new revenue streams for payments companies, and greater user familiarity with digital assets are, in his view, likely to feed back into broader crypto adoption.

Looking ahead, Levi Rietveld expects XRP to find a macro bottom within six months and then stage a major run into 2027–2028, “one of the best runs it has ever had.”

To position for that, he describes his own strategy of staking various assets — including stablecoins that he plans to rotate into XRP — on a regulated European platform offering high APYs, emphasizing that idle USDC can be converted into yield while waiting for a potential XRP rally.

Ultimately, the key threads here are regulatory timing in the U.S., suggestive but not yet confirmed institutional links (especially around JPMorgan & SWIFT), and the continued creep of stablecoins into mainstream payment platforms.

People Also Ask:Is JPMorgan officially partnered with Ripple or XRP?

The video shows an office diagram with “XRP” and “JP Morgan” labeled, but no formal partnership was announced. The analyst treats it as a strong hint, not confirmed news.

What U.S. legislation is being discussed for crypto?

The analyst references a potential “Clarity Act,” along with a Stablecoin Act and Genius Act, focused on defining asset classes and allowing yield on stablecoins and other crypto assets. Details and final text are still in flux.

How active is Ripple in Brazil?

According to the analyst, Ripple tech is live with several Brazilian banks and platforms, processing over $100 billion across more than 60 markets, with custody and exchange integrations expanding.

Why does PayPal’s stablecoin expansion matter for XRP?

The analyst argues that broader stablecoin use normalizes blockchain-based payments, grows the overall digital asset pie, and may indirectly benefit networks like XRPL as institutions seek faster, interoperable payment rails.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

The Federal Reserve may be teeing up a snooze-worthy rate hold, but bitcoin is busy staging its own rebellion — eight straight days up and suddenly everyone's asking if it's finally breaking free from the macro leash.

Bitcoin (BTC) is closing in on its average entry price for US spot BTC exchange-traded fund (ETF) investors at $79,900. The narrowing gap between Bitcoin’s market price and the ETF holders’ cost basis coincides with onchain data that shows early signs of accelerated buying from investors.

Bitcoin ETF breakeven level nears key trend testBitcoin’s sustained price rally above $70,000 puts a key investor cohort back in focus. The ETF cost basis level acted as support in mid-2024, and a break above this level brings many ETF holders closer to breakeven.

Spot Bitcoin ETF realized price. Source: CryptoQuantThe flow data adds further context to this shift. According to Bitcoin researcher Axel Adler Jr., the ETF flows flipped positive after persistent outflows through mid-February.

The seven-day average has since moved to steady inflows, with daily flows peaking above 3,300 BTC on March 2. The ETF holdings have expanded to 1,291,618 BTC from 1,264,982 BTC, a 26,636 BTC increase over the past month.

Investors’ ETF cost basis also aligns with a key daily trend. A decisive move through this range marks a reclaim of the 100-day exponential moving average (EMA) on the daily chart for the first time since October 2025.

BTC/USDT one-day chart. Source: Cointelegraph/TradingViewA move above the 100-day EMA signals a shift into a long-term uptrend, which also reinforces the bullish momentum. It also serves as a key trend filter where sustained price action above it often leads to continued upside gains.

Bitcoin buyers begin to outpace sellersThe order flow across major exchanges shows a gradual shift in market behavior. Crypto analyst Darkfost noted that the 30-day volume delta on Binance and Coinbase has turned positive after sustained selling pressure in February. Both the retail and institutional flows are now collectively skewing toward accumulation. 

Bitcoin spot net volume delta on Coinbase, Binance. Source: CryptoQuantBitcoin’s futures data reinforces this trend. Amr Taha noted that Binance’s cumulative volume delta (CVD) has rebounded by nearly $6 billion from its lows, tracking a rise in aggressive market buying since BTC traded near $63,000.

The metric remains below zero, though a significant portion of earlier sell pressure has now been absorbed during the recovery.

Bitcoin: Binance cumulative net taker volume. Source: CryptoQuantCryptoQuant data shows that short-term holder activity also aligns with this shift. The spent-output profit ratio (SOPR) metric, which shows whether coins are sold at a profit or loss, has moved back above 1, signaling that the selling pressure has eased and coins are now trading around or above their cost. Analyst miracleyoon said, 

“While this capitulation was not as severe as the August 5, 2024, event (which saw SOPR approach ~0.9), the series of recent capitulation signals appears sufficient to have flushed out weak hands.”Bitcoin short-term holder SOPR. Source: CryptoQuantThe data suggests that Bitcoin remains on track to test the $80,000 level, but a move above the key breakeven zone may determine the strength and direction of the trend in the coming weeks.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said. Mar 17, 2026, 8:30 p.m.

The crypto rally is took a pause on Tuesday ahead of Wednesday's Federal Reserve decision.

After briefly topping $76,000 overnight, bitcoin BTC$74,563.19 pulled back to around $74,000 during the U.S. session, modestly higher over the past 24 hours.

Crypto stocks mostly booked modest gains, with stablecoin issuer Circle (CRCL), bitcoin miner Bitdeer (BTDR) standing out advancing 5% and 12%, respectively. The Nasdaq closed with a 0.5% gain and the S&P 500 rose 0.25%.

It's almost universally expected that the Fed will leave benchmark interest rates unchanged at 3.50%-3.75% tomorrow. But given rapidly rising oil prices and their possible effect on inflation thanks to the war in Iran, the focus shifts to Jerome Powell’s messaging and policymakers' outlook for future rates.

Bitfinex analysts said the key question is whether policymakers still signal rate cuts in 2026 or are moving towards the idea of no further monetary ease. A more hawkish outcome could weigh on risk assets by strengthening the dollar, they said.

Powell’s take on the recent oil advance will also be in focus. Treating it as a temporary shock would support sentiment, while a more stagflationary view could limit the Fed’s flexibility.

Also coming on Wedesday is the February Producer Price Index report. Tyically not having nearly the weight of the Consumer Price Index, the PPI will be a bit more closely followed given its timing ahead of the Fed meeting.

"A hot PPI number followed by a hawkish FOMC would be the most damaging combination for equities and risk assets," the Bitfinex team continued.

That backdrop is already showing up in market expectations toward a higher-for-longer rate path, according to Vetle Lunde, head of research at K33.

The probability of rates staying unchanged through the July meeting has jumped to over 60% from 22% last month, with potential cuts now pushed further into late 2026, he said in a Tuesday note.

For now, price action will likely remain muted. "We expect the $74,000–$76,000 region to cap price momentarily," Bitfinex analysts concluded.

More For You

Strategy’s latest massive bitcoin purchase offers insight into its evolving funding model

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A $1.18 billion preferred stock raise, roughly equivalent to 16,800 BTC, signals a shift away from common stock as dividend obligations top $1 billion.

What to know:

Issuance from Strategy's STRC preferred series reached $1.18 billion last week, far surpassing $396 million from common stock sales, marking the first time preferred stock has been the primary funding tool for bitcoin purchases.Annual dividend obligations now exceed $1 billion as the outstanding preferred stock surpasses $10 billion.With STRC trading below par post ex-dividend, the company may raise the dividend by 25 basis points to support pricing

Moody’s Ratings has debuted a system to deliver its credit analysis onchain, bringing its ratings data into blockchain-based financial infrastructure.

The system, called Token Integration Engine (TIE), connects Moody’s traditional ratings data to blockchain networks, allowing permissioned participants to access credit insights within blockchain-based financial workflows. It is built for institutional use, with issuers controlling participation while Moody’s retains oversight of its ratings process.

The company claims it is the first credit rating agency to deliver its credit analysis onchain. In June 2025, Moody’s teamed up with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems.

The initial deployment runs on the Canton Network, a permissioned blockchain designed for institutional finance. Moody’s is operating its own node on the network as part of the rollout, and said it plans to expand the system to additional blockchains and asset types.

The system is designed to be network-agnostic, with access controlled by issuers under the company’s existing governance and compliance framework.

Moody’s, a US-based credit rating agency founded in 1909 with operations in more than 40 countries, assesses the creditworthiness of governments, companies and financial instruments, with its ratings widely used by investors across global capital markets.

The rise of the Canton NetworkMoody’s deployment adds to the growing use of the Canton Network as infrastructure for institutional blockchain applications, particularly in tokenized assets and collateral markets.

A growing list of asset managers are integrating tokenized funds into the network. Franklin Templeton expanded its Benji platform to Canton in November, allowing its tokenized assets, including a US government money market fund, to be used as collateral and liquidity within the ecosystem.

Other efforts have focused on market infrastructure and settlement. In December, the Depository Trust and Clearing Corporation (DTCC) said it plans to issue a subset of US Treasury securities on Canton, extending blockchain-based processes into core clearing and settlement systems, with potential expansion to additional asset classes.

Banks and digital asset infrastructure platforms are also building on the network. In January, Digital Asset and Kinexys by JPMorgan said they plan to bring JPMorgan’s dollar deposit token, JPM Coin, to Canton, while Temple Digital Group launched a platform enabling 24/7 trading of digital assets through a central limit order book with non-custodial settlement.

The value of Canton Coin, the network’s native token, has increased about 30% since its launch in November 2025, according to CoinGecko data.

Source: CoinGeckoMagazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express

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