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, /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.685 per share to $0.735 per share. The Board's action raises the 2026 annualized dividend by $0.20 from $2.74 to $2.94 per share, a 7.3 percent increase. The $0.735 per share quarterly dividend will be payable July 6, 2026 to all shareholders of record at the close of business on June 15, 2026.

"The Board's decision to increase the annualized dividend rate reflects our disciplined approach to capital allocation: balancing continued reinvestment of equity back into the business with dividend growth that aligns with sustainable earnings growth. We continue to execute upon our long-term strategic growth plan - prudently deploying capital, proactively managing our regulatory strategy and continuing to transform our operations. Our balanced approach is focused on delivering durable, long-term value for our shareholders," commented Jeff Householder, chair, president and chief executive officer.

Chesapeake Utilities has paid dividends to its shareholders without interruption for 65 years and has increased its annualized dividend every year since 2004.

About Chesapeake Utilities Corporation:
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange (NYSE:CPK). Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.

For more information, contact:
Lucia Dempsey
Head of Investor Relations
[email protected]
347-804-9067

SOURCE Chesapeake Utilities Corporation

Net income and earnings per share ("EPS")* were $59.3 million and $2.47, respectively, representing an EPS growth rate of 11.8 percent compared to the prior year Adjusted gross margin** growth of $23.8 million during the first quarter of 2026 driven primarily by regulatory initiatives and infrastructure programs, natural gas organic growth and transmission expansion projects, and increased customer consumption Capital investment of $121.9 million during the first quarter of 2026 Florida City Gas ("FCG") filed a petition in April 2026 seeking a general rate base increase, subject to review and approval by the Florida Public Service Commission ("PSC") The Company continues to re-affirm its 2026 and 2024-2028 capital expenditure guidance ranges, as well as its 2028 EPS guidance range , /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three months ended March 31, 2026.

Net income for the first quarter of 2026 was $59.3 million ($2.47 per share) compared to $50.9 million ($2.21 per share) in the first quarter of 2025. Adjusted net income for the first quarter of 2026 was $59.3 million ($2.47 per share) compared with $51.1 million ($2.22 per share) in the prior-year period.

First quarter 2026 highlights include:

Organic customer growth across all service areas drove $2.0 million of incremental adjusted gross margin or $0.06 per share Transmission system expansions to support increased distribution demand generated an incremental $6.9 million of adjusted gross margin or $0.21 per share Infrastructure programs to enhance reliability provided an incremental $5.5 million of adjusted gross margin or $0.17 per share Colder weather within the first quarter produced an incremental $4.5 million of adjusted gross margin or $0.14 per share Improved rates from three rate cases completed in 2025 provided an incremental $4.1 million of adjusted gross margin or $0.13 per share "Our performance in the first quarter reflects a strong start to 2026, as we remain focused on our growth strategy: prudently deploying capital, proactively managing our regulatory agenda and transforming operations across the business," said Jeff Householder, the Company's Chair of the Board, President and Chief Executive Officer. "Our theme for the year is 'Transforming for Growth, Powered by People'. Achieving meaningful growth and delivering reliable and affordable service to customers depends on our dedicated teammates working together. I'm especially grateful for the exemplary performance of our team and the resilience of our system during the winter storms earlier this year."

"We are also recognizing the significant contributions of Beth Cooper, who announced her retirement in March following 36 years of service at the Company. In the last 18 years as our Chief Financial Officer, Beth's strategic and financial leadership has led to incomparable growth, including a $3 billion increase in our market capitalization, 10x growth in total assets and net income, as well as a 366 percent increase in earnings per share. Most importantly, Beth embodies the best of Chesapeake Utilities, including an authentic passion for delivering results and an impressive ability to build connections and relationships internally and externally," continued Householder. "While Beth is not easily replaced, I am confident in the abilities of Jeff Sylvester, our current Chief Operating Officer, who will assume the Chief Financial Officer role on July 1, 2026. Under his leadership, we are well-positioned to continue our long-standing track record."

Earnings and Capital Investment Guidance

The Company continues to re-affirm its 2026 full year capital guidance range of $450 million to $500 million. The Company also continues to re-affirm its five-year (2024-2028) capital guidance range of $1.5 billion to $1.8 billion and 2028 EPS guidance range of $7.75 to $8.00 per share.

*Unless otherwise noted, EPS and Adjusted EPS information are presented on a diluted basis.

Non-GAAP Financial Measures

**This press release including the tables herein, include references to both Generally Accepted Accounting Principles ("GAAP") and non-GAAP financial measures, including Adjusted Gross Margin, Adjusted Net Income and Adjusted EPS. A "non-GAAP financial measure" is generally defined as a numerical measure of a company's historical or future performance that includes or excludes amounts, or that is subject to adjustments, so as to be different from the most directly comparable measure calculated or presented in accordance with GAAP. The Company's management believes certain non-GAAP financial measures, when considered together with GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period.

The Company calculates Adjusted Gross Margin by deducting the purchased cost of natural gas, propane and electricity and the cost of labor spent on direct revenue-producing activities from operating revenues. The costs included in Adjusted Gross Margin exclude depreciation and amortization and certain costs presented in operations and maintenance expenses in accordance with regulatory requirements. The Company calculates Adjusted Net Income and Adjusted EPS by deducting costs and expenses associated with significant acquisitions that may affect the comparison of period-over-period results. These non-GAAP financial measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not as a substitute for, the comparable GAAP measures. The Company believes that these non-GAAP measures are useful and meaningful to investors as a basis for making investment decisions, and provide investors with information that demonstrates the profitability achieved by the Company under allowed rates for regulated energy operations and under the Company's competitive pricing structures for unregulated energy operations. The Company's management uses these non-GAAP financial measures in assessing a business unit and Company performance. Other companies may calculate these non-GAAP financial measures in a different manner.

The following tables reconcile Gross Margin, Net Income, and EPS, all as defined under GAAP, to the Company's non-GAAP measures of Adjusted Gross Margin, Adjusted Net Income and Adjusted EPS for each of the periods presented.

Adjusted Gross Margin

For the Three Months Ended March 31, 2026

(in millions)

Regulated Energy

Unregulated
Energy

Other Businesses
and Eliminations

Total

Operating Revenues

$                249.3

$                113.7

$                  (9.9)

$                353.1

Cost of Sales:

Natural gas, propane and
electric costs

(101.6)

(55.1)

9.8

(146.9)

Depreciation & amortization

(16.1)

(5.4)

—

(21.5)

Operations & maintenance
expenses (1)

(16.7)

(10.9)

0.1

(27.5)

Gross Margin (GAAP)

114.9

42.3

—

157.2

Operations & maintenance
expenses (1)

16.7

10.9

(0.1)

27.5

Depreciation & amortization

16.1

5.4

—

21.5

Adjusted Gross Margin (Non-
GAAP)

$                147.7

$                  58.6

$                  (0.1)

$                206.2

For the Three Months Ended March 31, 2025

(in millions)

Regulated Energy

Unregulated
Energy

Other Businesses
and Eliminations

Total

Operating Revenues

$                199.6

$                106.7

$                  (7.6)

$                298.7

Cost of Sales:

Natural gas, propane and
electric costs

(71.5)

(52.2)

7.4

(116.3)

Depreciation & amortization

(17.6)

(4.9)

—

(22.5)

Operations & maintenance
expenses (1)

(13.3)

(9.7)

0.3

(22.7)

Gross Margin (GAAP)

97.2

39.9

0.1

137.2

Operations & maintenance
expenses (1)

13.3

9.7

(0.3)

22.7

Depreciation & amortization

17.6

4.9

—

22.5

Adjusted Gross Margin (Non-
GAAP)

$                128.1

$                  54.5

$                  (0.2)

$                182.4

(1) Operations & maintenance expenses within the condensed consolidated statements of income are presented in accordance with regulatory requirements and to provide comparability within the industry. Operations & maintenance expenses which are deemed to be directly attributable to revenue producing activities have been separately presented above in order to calculate Gross Margin as defined under GAAP.

Adjusted Net Income and Adjusted EPS

Three Months Ended

March 31,

(dollars in millions, shares in thousands (except per share data))

2026

2025

Net Income (GAAP)

$         59.3

$         50.9

FCG transaction and transition-related expenses, net (1)

—

0.2

Adjusted Net Income (Non-GAAP)

$         59.3

$         51.1

Weighted average common shares outstanding - diluted

24,053

23,041

Earnings Per Share - Diluted (GAAP)

$         2.47

$         2.21

FCG transaction and transition-related expenses, net (1)

—

0.01

Adjusted Earnings Per Share - Diluted (Non-GAAP)

$         2.47

$         2.22

(1) Transaction and transition-related expenses represent non-recurring costs incurred attributable to the acquisition and integration of FCG including, but not limited to, transition services, consulting, system integration, rebranding, and legal fees.

Operating Results for the Quarters Ended March 31, 2026 and 2025

Consolidated Results

Three Months Ended

March 31,

(in millions)

2026

2025

Change

Percent
Change

Adjusted gross margin**

$       206.2

$       182.4

$         23.8

13.0 %

Depreciation, amortization and property taxes

30.9

31.3

0.4

1.3 %

Other operating expenses

75.9

64.0

(11.9)

(18.6) %

FCG transaction and transition-related expenses

—

0.3

0.3

NMF

Operating income

$         99.4

$         86.8

$         12.6

14.5 %

Operating income for the first quarter of 2026 was $99.4 million, an increase of $12.6 million compared to the same period in 2025. Excluding transaction and transition-related expenses associated with the acquisition and integration of FCG, operating income increased $12.3 million or 14.1 percent compared to the prior-year period. The increase in adjusted gross margin for the first quarter of 2026 was primarily driven by incremental margin from regulatory initiatives and infrastructure programs, pipeline expansion projects and natural gas organic growth, increased customer consumption resulting from year-over-year colder temperatures largely in the Company's Delmarva service areas, and improved performance at Aspire Energy. Higher operating expenses were driven largely by increased payroll, benefits and other employee-related expenses and higher facilities, maintenance costs and outside services compared to the prior-year period. Depreciation and amortization expense for the current period includes decreases related to certain regulatory items including the absence of recovered costs associated with Hurricane Michael and the impact of the FCG depreciation study. These amounts were largely offset by additional depreciation, amortization and property taxes associated with growth.   

Regulated Energy Segment

Three Months Ended

March 31,

(in millions)

2026

2025

Change

Percent
Change

Adjusted gross margin (1) **

$       147.7

$       128.1

$         19.6

15.3 %

Depreciation, amortization and property taxes (1)

25.0

25.9

0.9

3.5 %

Other operating expenses

51.6

41.4

(10.2)

(24.6) %

FCG transaction and transition-related expenses

—

0.3

0.3

NMF

Operating income

$         71.1

$         60.5

$         10.6

17.5 %

(1) The current period includes offsetting reductions in both adjusted gross margin and depreciation and amortization expense related to the absence of recovered costs associated with Hurricane Michael. See Key variances table below for additional information.

The key components of the increase in adjusted gross margin** are shown below:

(in millions)

Natural gas transmission service expansions, including interim services

$                    6.9

Contributions from regulated infrastructure programs

5.5

Rate changes associated with recent rate case activities (1)

4.1

Natural gas growth including conversions (excluding service expansions)

2.0

Changes in customer consumption

1.7

Change in off-system natural gas capacity sales

1.1

Absence of recovered costs associated with Hurricane Michael (2)

(2.0)

Other variances

0.3

Quarter-over-quarter increase in adjusted gross margin**

$                  19.6

(1) Includes adjusted gross margin contributions from permanent base rates. Refer to Major Projects and Initiatives discussion for additional information.

(2) The current period includes offsetting reductions in both adjusted gross margin and depreciation and amortization expense related to the absence of recovered costs associated with Hurricane Michael.

The major components of the increase in other operating expenses are as follows:

(in millions)

Payroll, benefits and other employee-related expenses

$                   (5.0)

Facilities expenses, maintenance costs and outside services

(2.7)

Credit, collections and customer service costs

(1.4)

Other variances

(1.1)

Quarter-over-quarter increase in other operating expenses

$                 (10.2)

Unregulated Energy Segment

Three Months Ended

March 31,

(in millions)

2026

2025

Change

Percent
Change

Adjusted gross margin**

$         58.6

$         54.5

$          4.1

7.5 %

Depreciation, amortization and property taxes

5.8

5.5

(0.3)

(5.5) %

Other operating expenses

24.5

22.7

(1.8)

(7.9) %

Operating income

$         28.3

$         26.3

$          2.0

7.6 %

The major components of the increase in adjusted gross margin** are shown below:

(in millions)

Propane Operations

Increased propane customer consumption

$               2.4

Aspire Energy

Increased performance from Aspire Energy - rate changes and gathering fees

1.4

Increased customer consumption

0.4

Other variances

(0.1)

Quarter-over-quarter increase in adjusted gross margin**

$               4.1

The major components of the increase in other operating expenses are as follows:

(in millions)

Payroll, benefits and other employee-related expenses

$              (1.6)

Facilities expenses, maintenance costs and outside services

(0.4)

Other variances

0.2

Quarter-over-quarter increase in other operating expenses

$              (1.8)

Forward-Looking Statements

Matters included in this release may include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements. Please refer to the Safe Harbor for Forward-Looking Statements in the Company's 2025 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the first quarter of 2026 for further information on the risks and uncertainties related to the Company's forward-looking statements.

Conference Call

Chesapeake Utilities (NYSE: CPK) will host a conference call on Thursday, May 7, 2026, at 8:30 a.m. Eastern Time to discuss the Company's financial results for the three months ended March 31, 2026. To listen to the Company's conference call via live webcast, please visit the Events & Presentations section of the Investors page on www.chpk.com For investors and analysts that wish to participate by phone for the question and answer portion of the call, please use the following dial-in information:

Toll-free: 800.245.3047
International: 203.518.9765
Conference ID: CPKQ126

A replay of the presentation will be made available on the previously noted website following the conclusion of the call.

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses.

For more information, contact:

Beth W. Cooper
Executive Vice President and Chief Financial Officer
302.363.2467

Lucia M. Dempsey
Head of Investor Relations
347.804.9067

Financial Summary Highlights

Key variances between the three months ended March 31, 2025 and March 31, 2026 included:

(in millions, except per share data)

Pre-tax

Income

Net

Income

Earnings

Per Share

Three Months Ended March 31, 2025 Adjusted Results (1)

$       69.7

$       51.1

$       2.22

Change in Adjusted Gross Margins:

Natural gas transmission service expansions, including interim services (2)

6.9

5.1

0.21

Contributions from regulated infrastructure programs (2)

5.5

4.0

0.17

Changes in customer consumption

4.5

3.3

0.14

Rate changes associated with recent rate case activities (2)

4.1

3.0

0.13

Natural gas growth including conversions (excluding service expansions)

2.0

1.5

0.06

Increased Aspire Energy performance - rate changes and gathering fees

1.4

1.0

0.04

Change in off-system natural gas capacity sales

1.1

0.8

0.03

Absence of recovered costs associated with Hurricane Michael (3)

(2.0)

(1.5)

(0.06)

23.5

17.2

0.72

Increased Operating Expenses (Excluding Natural Gas, Propane, and
Electric Costs):

Payroll, benefits and other employee-related expenses

(6.6)

(4.9)

(0.20)

Facilities expenses, maintenance costs and outside services

(3.1)

(2.2)

(0.09)

Depreciation, amortization and property taxes

(1.5)

(1.1)

(0.05)

Credit, collections and customer service costs

(1.4)

(1.1)

(0.04)

Absence of amortization of costs associated with Hurricane Michael recovery (3)

2.0

1.5

0.06

(10.6)

(7.8)

(0.32)

Interest charges

(0.6)

(0.4)

(0.02)

Increase in shares outstanding due to 2025 and 2026 equity offerings (4)

—

—

(0.09)

Net other changes

(1.3)

(0.8)

(0.04)

(1.9)

(1.2)

(0.15)

Three Months Ended March 31, 2026 Adjusted Results (1)

$       80.7

$       59.3

$       2.47

(1) Transaction and transition-related expenses attributable to the acquisition and integration of FCG have been excluded from Company's non-GAAP measures of adjusted net income and adjusted EPS. See reconciliations above for a detailed comparison to the related GAAP measures.

(2)  Refer to Major Projects and Initiatives table for additional information.

(3) The current period includes offsetting reductions in both adjusted gross margin and depreciation and amortization expense related to the absence of recovered costs associated with Hurricane Michael.

(4)  Reflects the impact of approximately 0.8 million common shares issued under the Company's dividend reinvestment and direct stock purchase plan and at the market program.

Recently Completed and Ongoing Major Projects and Initiatives

The Company continuously pursues and develops additional projects and regulatory initiatives to serve existing and new customers, further grow its businesses and earnings, and increase shareholder value. The following table includes all major projects and initiatives that are currently underway or recently completed. The Company's practice is to add incremental margin associated with new projects and regulatory initiatives to this table once negotiations or details are substantially final and/or the associated earnings can be estimated. Major projects and initiatives that have generated consistent year-over-year adjusted gross margin contributions are removed from the table at the beginning of the next calendar year.

The related descriptions of projects and initiatives that accompany the table include only new items and/or items where there have been significant developments, as compared to the Company's prior quarterly filings. A comprehensive discussion of all projects and initiatives reflected in the table below can be found in the Company's first quarter 2026 Quarterly Report on Form 10-Q.

Adjusted Gross Margin

Three Months Ended

Year Ended

Estimate for

March 31,

December 31,

Fiscal

(in millions)

2026

2025

2025

2026

2027

Pipeline Expansions:

St. Cloud / Twin Lakes Expansion

$       1.0

$      0.1

$           2.9

$       3.8

$        3.8

Wildlight

1.1

0.5

2.6

4.3

4.3

Worcester Resiliency Upgrade

0.4

—

0.3

1.5

17.1

Boynton Beach

0.9

0.5

3.0

3.4

3.4

New Smyrna Beach

0.6

—

1.6

2.6

2.6

Central Florida Reinforcement

1.1

0.3

2.6

4.3

4.3

Renewable Natural Gas Supply Projects

1.3

—

2.5

5.4

6.4

Miami Inner Loop

1.9

—

2.8

7.6

7.6

Duncan Plains

—

—

—

—

1.1

Total Pipeline Expansions

8.3

1.4

18.3

32.9

50.6

Regulatory Initiatives:

Florida GUARD program

2.4

1.5

7.1

10.1

13.0

FCG SAFE Program

2.8

1.7

8.4

12.7

16.4

Capital Cost Surcharge Programs

2.3

1.5

5.7

9.0

10.1

Electric Storm Protection Plan

3.3

1.1

6.4

10.7

11.0

Florida Mandatory Relocates

0.5

—

—

1.5

1.5

Maryland Rate Case (1)

1.3

—

1.5

3.5

3.5

Delaware Rate Case (1)

2.1

0.8

4.7

6.1

6.1

Electric Rate Case (1)

2.2

0.7

7.3

8.6

9.1

FCG Rate Case

—

—

—

TBD

TBD

Total Regulatory Initiatives

16.9

7.3

41.1

62.2

70.7

Total

$     25.2

$      8.7

$         59.4

$     95.1

$    121.3

(1) Includes adjusted gross margin attributable to interim and permanent rates. See additional information provided below.

Detailed Discussion of Major Projects and Initiatives

Pipeline Expansions

Worcester Resiliency Upgrade
In August 2023, Eastern Shore filed an application with the Federal Energy Regulatory Commission ("FERC") requesting authorization to construct the Worcester Resiliency Upgrade, which consists of a mixture of storage and transmission facilities in Sussex County, Delaware and Wicomico, Worcester, and Somerset Counties in Maryland. The project will provide long-term incremental supply necessary to support the growing demand of the participating shippers. In January 2025, the FERC approved the project.

In June 2025, Eastern Shore filed a limited amended application with the FERC requesting revised initial transportation rates for the project. The revised rates reflected increased capital costs associated with unanticipated changes in global markets and supply chains, including the availability of skilled laborers with the requisite certifications to work on this project. Eastern Shore requested expedited action by the FERC in relation to this matter and an approved order was issued in July 2025. Construction commenced shortly after approval and is well underway. The weather during the first quarter resulted in several brief slowdowns which had a cumulative impact on the overall timeline. Project construction and commissioning are expected to be complete in the latter part of the year with the FERC approval process to immediately follow. The Company expects to receive full approval for in-service of the facility by the beginning of 2027.

East Coast Reinforcement Projects (Boynton Beach and New Smyrna Beach)
In December 2023, Peninsula Pipeline filed a petition with the Florida Public Service Commission ("PSC") for approval of its Transportation Service Agreements with Florida Public Utilities Company ("FPU") for projects that will provide additional supply to coastal communities on the East Coast of Florida, which are experiencing significant population growth. Peninsula Pipeline proposed several pipeline extensions to support FPU's distribution system in the areas of Boynton Beach and New Smyrna Beach with an additional 15,000 Dts/day and 3,400 Dts/day, respectively. The Florida PSC approved the projects in March 2024. New Smyrna Beach was placed into service during May 2025, and construction is projected to be complete for Boynton Beach in the second quarter of 2026.

Renewable Natural Gas Supply Projects
In February 2024, Peninsula Pipeline filed a petition with the Florida PSC for approval of Transportation Service Agreements with FCG for projects that will support the transportation of additional renewable energy supply to FCG. The projects, located in Florida's Brevard, Indian River and Miami-Dade counties, will bring renewable natural gas produced from local landfills into FCG's natural gas distribution system. Peninsula Pipeline will construct several pipeline extensions which will support FCG's distribution system in Brevard County, Indian River County, and Miami-Dade County. Benefits of these projects include increased gas supply to serve expected FCG growth, strengthened system reliability and additional system flexibility. The Florida PSC approved the petition at its July 2024 meeting. In October 2025, the Florida PSC approved amendments to the Transportation Service Agreements that were filed to include Peninsula Pipeline as a party to the related interconnection agreements. The projects are underway and are estimated to be completed in the second half of 2026.

Miami Inner Loop Pipeline Projects
In September 2024, Peninsula Pipeline filed a petition with the Florida PSC for approval of the Transportation Service Agreement with FCG for a series of projects that will enhance gas infrastructure in Miami-Dade County. The proposed expansion consists of the development of several pipeline projects to support growth and FCG's distribution system, as well as enhance FCG's access to obtain gas from various points in the Miami-Dade County area. The expansion was approved in February 2025 and interim services began in August 2025 with permanent facilities expected to be in service by the second quarter of 2026.

Duncan Plains Pipeline Project
In July 2025, Aspire Energy Express entered into an agreement with American Electric Power to construct and operate an intrastate natural gas pipeline in central Ohio to serve a new fuel-cell facility, which will provide on-site electric power to a data center. This new transmission infrastructure is expected to be in service in the first half of 2027.

Regulatory Initiatives

Maryland Natural Gas Rate Case
In January 2024, the Company's natural gas distribution businesses in Maryland, CUC-Maryland Division, Sandpiper Energy, Inc., and Elkton Gas Company (collectively, the "Maryland natural gas distribution businesses") filed a joint application for a natural gas rate case with the Maryland PSC. In connection with the application, the Company sought approval of the following: (i) permanent rate relief of approximately $6.9 million with a return on equity ("ROE") of 11.5 percent; (ii) authorization to make certain changes to tariffs to include a unified rate structure and to consolidate the Maryland natural gas distribution businesses; and (iii) authorization to establish a rider for recovery of the costs associated with the Company's new technology systems. In September 2024, the Maryland Public Utility Judge approved a $2.6 million increase in annual base rates, which was followed by the Company submitting a Phase II filing in November 2024 to determine rate design across the Maryland natural gas distribution businesses, consolidation of the applicable tariffs and recovery of technology costs. In March 2025 the Phase II was approved, including an additional $0.9 million in revenue requirement, for a total cumulative increase of $3.5 million. A final order was issued in April 2025 and included approval of the consolidation of the operations and the assets of CUC-Maryland Division, Sandpiper Energy, and Elkton Gas into one entity which was renamed and will operate as Chesapeake Utilities of Maryland, Inc.

Delaware Natural Gas Rate Case
In August 2024, the Company's Delaware natural gas division filed an application for a natural gas rate case with the Delaware PSC seeking approval of the following: (i) permanent rate relief of approximately $12.1 million with a ROE of 11.5 percent; (ii) proposed changes to depreciation rates which were part of a depreciation study also submitted with the filing; and (iii) authorization to make certain changes to tariffs. Annualized interim rates were approved by the Delaware PSC in the amount of $2.5 million and became effective in October 2024. A settlement among all interested parties was reached and approved by the Delaware PSC in June 2025 providing an annual revenue increase of $6.1 million, as well as dividing the rate case into two phases. Rates set to recover the approved components of the increase were effective in March 2025 and approved tariff-related changes including rate design were effective as of October 15, 2025.

FPU Electric Rate Case
In August 2024, the Company's Florida Electric division filed a petition with the Florida PSC seeking a general base rate increase of $12.6 million with a ROE of 11.3 percent based on a 2025 projected test year. Annualized interim rates of approximately $1.8 million were approved with an effective date of November 1, 2024. In March 2025, the Florida PSC approved the permanent rate increase, but the order was subsequently protested. In May 2025, the Company reached a settlement agreement with the interested parties. This settlement which was approved by the Florida PSC in July 2025, provided for a total base rate increase of approximately $8.6 million on an annual basis, with $1.0 million of the increase deferred from the first year's base rate increase and recovered over three years. A step-up rate increase was also approved for up to $0.7 million, upon completion of the purchase and refurbishment of certain substations, which is expected to be completed in December 2026.

Florida Mandatory Relocates
In October 2025, FPU and FCG filed a joint petition for approval to establish a recovery surcharge for actual, estimated and projected relocation costs pursuant to the Florida Administrative Code which enables companies to recover the costs associated with relocating or reconstructing facilities that have been required by governmental entities. The projected revenue requirement for 2026 is $0.5 million for FPU and $1.0 million for FCG. The Florida PSC approved the petition in February 2026, with the surcharge effective in March 2026.

FCG Rate Case
In April 2026, FCG filed a petition with the Florida PSC. In connection with the application, we are seeking approval of the following: (i) interim rate relief of approximately $16.2 million, subject to refund, pending the outcome of the rate case proceeding; (ii) general base rate increase of $46.9 million with a ROE of 11.25 percent based on a 2027 projected test year; (iii) reclassification of approximately $16.4 million in the existing Safety, Access, and Facility Enhancement ("SAFE") program revenues from surcharge recovery to base rates; (iv) authorization to retain the unamortized portion of the previously approved acquisition adjustment; and (v) further implementation of the advanced metering infrastructure ("AMI"). The outcome of the application will be subject to review and approval by the Florida PSC.

FCG Depreciation Study
In February 2025, FCG filed a depreciation study with the Florida PSC. The application is requesting approval of revised annual depreciation rates, as well as a reduction related to a reserve imbalance that would be amortized over a two-year period. In February 2026, the Florida PSC approved a $6.8 million reserve imbalance to be amortized over the remaining life of the assets.

Other Major Factors Influencing Adjusted Gross Margin

Weather and Consumption
For the three months ended March 31, 2026, increased customer consumption, which includes the effects of colder weather conditions, largely in the Company's Delmarva service areas, compared to the prior-year period resulted in a $4.5 million increase in adjusted gross margin.

The following table summarizes heating degree-day (HDD) and cooling degree-day (CDD) variances from the 10-year average HDD/CDD ("Normal") for the three months ended March 31, 2026 and 2025.

Three Months Ended

March 31,

2026

2025

Variance

Delmarva Peninsula

Actual HDD

2,348

2,210

138

10-Year Average HDD ("Normal")

2,085

2,146

(61)

Variance from Normal

263

64

Florida

Actual HDD

594

580

14

10-Year Average HDD ("Normal")

471

483

(12)

Variance from Normal

123

97

FCG

Actual HDD

357

300

57

10-Year Average HDD ("Normal")

229

221

8

Variance from Normal

128

79

Ohio

Actual HDD

3,022

3,087

(65)

10-Year Average HDD ("Normal")

2,751

2,801

(50)

Variance from Normal

271

286

Florida

Actual CDD

226

189

37

10-Year Average CDD ("Normal")

220

217

3

Variance from Normal

6

(28)

Natural Gas Distribution Growth
The average number of residential customers served on the Delmarva Peninsula, by FPU and by FCG increased by approximately 3.3 percent, 2.2 percent, and 2.0 percent, respectively, for the three months ended March 31, 2026.

The details of the adjusted gross margin increase are provided in the following table:

Three Months Ended

March 31, 2026

(in millions)

Delmarva
Peninsula

Florida

Customer Growth:

Residential

$             0.5

$             0.8

Commercial and industrial

—

0.7

Total Customer Growth

$             0.5

$             1.5

Capital Investment Growth and Capital Structure Updates

The Company's capital expenditures were $121.9 million for the three months ended March 31, 2026. The following table shows a range of the forecasted 2026 capital expenditures by type:

2026

(in millions)

Low

High

Regulated distribution

$       110.0

$       120.0

Regulated transmission

135.0

145.0

Regulated infrastructure

90.0

100.0

Unregulated business

25.0

35.0

Technology

90.0

100.0

Total 2026 Forecasted Capital Expenditures

$       450.0

$       500.0

The capital expenditure projection is subject to continuous review and modification. Actual capital requirements may vary from the above estimates due to a number of factors, including changing political and economic conditions, supply chain disruptions, capital delays that are greater than currently anticipated, customer growth in existing areas, regulation, new growth or acquisition opportunities and availability of capital.

The Company's target ratio of equity to total capitalization, including short-term borrowings, is between 50 and 60 percent. The Company's equity to total capitalization ratio, including short-term borrowings, was approximately 50 percent as of March 31, 2026. 

Chesapeake Utilities Corporation and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)

Three Months Ended

March 31,

2026

2025

(in millions, except shares (thousands) and per share data)

Operating Revenues

   Regulated Energy

$     249.3

$     199.6

Unregulated Energy

113.7

106.7

Other Businesses and Eliminations

(9.9)

(7.6)

Total Operating Revenues

353.1

298.7

Operating Expenses

  Regulated natural gas and electricity costs

101.6

71.5

  Unregulated propane and natural gas costs

45.3

44.8

  Operations

67.3

58.0

  Maintenance

8.0

5.4

  Depreciation and amortization

21.5

22.5

  Other taxes

10.0

9.4

  FCG transaction and transition-related expenses

—

0.3

Total Operating Expenses

253.7

211.9

Operating Income

99.4

86.8

Other income, net

—

0.6

Interest charges

18.7

18.1

Income Before Income Taxes

80.7

69.3

Income taxes

21.4

18.4

Net Income

$       59.3

$       50.9

Weighted Average Common Shares Outstanding:

Basic

23,937

22,957

Diluted

24,053

23,041

Earnings Per Share of Common Stock:

Basic

$       2.48

$       2.22

Diluted

$       2.47

$       2.21

Adjusted Net Income and Adjusted Earnings Per Share

Net Income (GAAP)

$       59.3

$       50.9

FCG transaction and transition-related expenses, net (1)

—

0.2

Adjusted Net Income (Non-GAAP)**

$       59.3

$       51.1

Earnings Per Share - Diluted (GAAP)

$       2.47

$       2.21

FCG transaction and transition-related expenses, net (1)

—

0.01

Adjusted Earnings Per Share - Diluted (Non-GAAP)**

$       2.47

$       2.22

(1) Transaction and transition-related expenses represent costs incurred attributable to the acquisition and integration of FCG including, but not limited to, transition services, consulting, system integration, rebranding and legal fees.

Chesapeake Utilities Corporation and Subsidiaries

Consolidated Balance Sheets (Unaudited)

Assets

March 31,
2026

December 31,
2025

(in millions, except shares and per share data)

Property, Plant and Equipment

Regulated Energy

$          3,009.0

$          2,941.6

Unregulated Energy

507.2

492.4

Other Businesses and Eliminations

39.3

38.3

Total property, plant and equipment

3,555.5

3,472.3

Less: Accumulated depreciation and amortization

(652.1)

(637.6)

Plus: Construction work in progress

320.5

283.7

Net property, plant and equipment

3,223.9

3,118.4

Current Assets

Cash and cash equivalents

4.7

1.8

Trade and other receivables

120.7

106.9

Less: Allowance for credit losses

(6.8)

(5.4)

Trade and other receivables, net

113.9

101.5

Accrued revenue

49.0

50.1

Propane inventory, at average cost

8.2

8.8

Other inventory, at average cost

17.1

17.9

Regulatory assets

24.5

29.7

Storage gas prepayments

0.7

4.5

Income taxes receivable

—

—

Prepaid expenses

17.0

19.7

Derivative assets, at fair value

0.8

—

Other current assets

3.2

3.0

Total current assets

239.1

237.0

Deferred Charges and Other Assets

Goodwill

507.5

507.5

Other intangible assets, net

12.9

13.2

Investments, at fair value

16.4

17.2

Derivative assets, at fair value

0.1

—

Operating lease right-of-use assets

9.4

9.9

Regulatory assets

73.7

74.3

Receivables and other deferred charges

12.9

17.3

Total deferred charges and other assets

632.9

639.4

Total Assets

$          4,095.9

$          3,994.8

Chesapeake Utilities Corporation and Subsidiaries

Consolidated Balance Sheets (Unaudited)

Capitalization and Liabilities

March 31,
2026

December 31,
2025

(in millions, except shares and per share data)

Capitalization

Stockholders' equity

Preferred stock, par value $0.01 per share (authorized 2,000,000 shares),
no shares issued and outstanding

$                  —

$                  —

Common stock, par value $0.4867 per share (authorized 75,000,000
shares)

11.7

11.6

Additional paid-in capital

972.2

962.8

Retained earnings

669.3

626.8

Accumulated other comprehensive loss

(1.5)

(2.7)

Deferred compensation obligation

17.4

12.6

Treasury stock

(17.4)

(12.6)

Total stockholders' equity

1,651.7

1,598.5

Long-term debt, net of current maturities

1,325.3

1,327.1

Total capitalization

2,977.0

2,925.6

Current Liabilities

Current portion of long-term debt

134.6

134.6

Short-term borrowing

199.6

158.0

Accounts payable

101.1

115.2

Customer deposits and refunds

41.8

45.1

Accrued interest

17.6

8.7

Dividends payable

16.4

16.4

Accrued compensation

10.5

21.6

Regulatory liabilities

11.6

14.5

Derivative liabilities, at fair value

0.2

0.8

Other accrued liabilities

20.3

15.0

Total current liabilities

553.7

529.9

Deferred Credits and Other Liabilities

Deferred income taxes

333.7

313.3

Regulatory liabilities

188.8

188.1

Environmental liabilities

3.0

2.9

Other pension and benefit costs

13.1

14.0

Derivative liabilities, at fair value

0.5

0.6

Operating lease - liabilities

7.5

7.9

Deferred investment tax credits and other liabilities

18.6

12.5

Total deferred credits and other liabilities

565.2

539.3

Environmental and other commitments and contingencies (1)

Total Capitalization and Liabilities

$          4,095.9

$          3,994.8

(1) Refer to Note 6 and 7 in the Company's Quarterly Report on Form 10-Q for further information.

Chesapeake Utilities Corporation and Subsidiaries

Distribution Utility Statistical Data (Unaudited)

For the Three Months Ended March 31, 2026

For the Three Months Ended March 31, 2025

Delmarva NG
Distribution

Florida
Natural Gas
Distribution

FPU Electric
Distribution

Delmarva NG
Distribution

Florida
Natural Gas
Distribution

FPU Electric
Distribution

Operating Revenues
(in millions)

  Residential

$       58.4

$        40.9

$       12.8

$       46.8

$       33.4

$       12.2

  Commercial and Industrial

28.2

60.7

11.6

22.2

51.1

9.5

  Other (1)

(4.1)

22.9

3.2

(1.4)

10.4

1.5

Total Operating Revenues

$       82.5

$      124.5

$       27.6

$       67.6

$       94.9

$       23.2

Volumes (in Dts for natural gas and MWHs for electric)

  Residential

3,200,165

1,477,523

77,259

3,099,784

1,493,452

81,003

  Commercial and Industrial

4,709,222

13,016,899

89,717

3,956,308

12,646,603

84,284

  Other

93,677

333,084

—

90,088

1,712,708

—

Total

8,003,064

14,827,506

166,976

7,146,180

15,852,763

165,287

Average Customers

  Residential

108,025

214,040

26,040

104,602

209,640

25,966

  Commercial and Industrial

8,584

17,411

7,478

8,521

17,283

7,457

  Other

27

137

—

27

127

—

Total

116,636

231,588

33,518

113,150

227,050

33,423

(1) Operating Revenues from "Other" sources include unbilled revenue, under (over) recoveries of fuel cost, conservation revenue, other miscellaneous charges, fees for billing services provided to third parties and adjustments for pass-through taxes.

SOURCE Chesapeake Utilities Corporation

3 hours ago

CocaCola (NYSE:KO) EVP Jennifer Mann Sells 23,984 SharesMarketBeat

CocaCola Company (The) (NYSE:KO - Get Free Report) EVP Jennifer Mann sold 23,984 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the transaction, the executive vice president owned 157,400 shares of the company's stock, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of StockMarketBeat

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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Read Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of Stock

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Travis Boersma Sells 749,999 Shares of Dutch Bros (NYSE:BROS) StockMarketBeat

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 749,999 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.39, for a total transaction of $45,292,439.61. Following the completion of the sale, the chairman owned 2,671,855 shares of the company's stock, valued at $161,353,323.45. This represents a 21.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Read Travis Boersma Sells 749,999 Shares of Dutch Bros (NYSE:BROS) Stock

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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in Dover, Chesapeake Utilities (CPK - Free Report) is a Utilities stock that has seen a price change of 1.81% so far this year. Currently paying a dividend of $0.69 per share, the company has a dividend yield of 2.16%. In comparison, the Utility - Gas Distribution industry's yield is 3.15%, while the S&P 500's yield is 1.42%.

Looking at dividend growth, the company's current annualized dividend of $2.74 is up 1.7% from last year. Over the last 5 years, Chesapeake Utilities has increased its dividend 5 times on a year-over-year basis for an average annual increase of 9.90%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Chesapeake Utilities's current payout ratio is 44%, meaning it paid out 44% of its trailing 12-month EPS as dividend.

Earnings growth looks solid for CPK for this fiscal year. The Zacks Consensus Estimate for 2026 is $6.51 per share, which represents a year-over-year growth rate of 8.32%.

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.

Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, CPK is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

Entergy (ETR - Free Report) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.22%. A quarter ago, it was expected that this power company would post earnings of $0.51 per share when it actually produced earnings of $0.51, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Entergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $3.19 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.08%. This compares to year-ago revenues of $2.85 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Entergy shares have added about 22.4% since the beginning of the year versus the S&P 500's gain of 4.3%.

What's Next for Entergy?While Entergy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Entergy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $3.53 billion in revenues for the coming quarter and $4.40 on $13.83 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Southern Co. (SO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30.

This power company is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of -1.6%. The consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level.

Southern Co.'s revenues are expected to be $8.12 billion, up 4.4% from the year-ago quarter.

Entergy Corporation (ETR) Q1 2026 Earnings Call Transcript

, /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today the pricing of a registered underwritten offering of 19,247,788 shares of its common stock at a price to the public of $113.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Wells Fargo Securities, Citigroup, Barclays and Scotiabank are acting as joint book-running managers and representatives for this offering. BNP Paribas, BofA Securities, J.P. Morgan, Mizuho, Morgan Stanley  and MUFG are also acting as joint book-running managers for this offering. Closing of this offering is expected to occur on or about May 7, 2026.

In connection with the offering, Entergy entered into forward sale agreements with each of Wells Fargo Bank, National Association, Citibank, N.A., Barclays Bank PLC and The Bank of Nova Scotia (the "forward counterparties") under which Entergy agreed to issue and sell to the forward counterparties an aggregate of 19,247,788 shares of its common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 2,887,168 shares of Entergy's common stock upon the same terms. If the underwriters exercise their option to purchase additional shares of Common Stock, Entergy expects to enter into additional forward sale agreements with the forward counterparties with respect to the additional shares.

Settlement of the forward sale agreements is expected to occur on or prior to April 30, 2028. Entergy may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreements.

If Entergy elects physical settlement of the forward sale agreements, it expects to use the net proceeds for general corporate purposes, which may include repayment of commercial paper, outstanding loans under Entergy's revolving credit facility or other debt.

The offering is being made pursuant to Entergy's effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). The prospectus supplement and the accompanying base prospectus related to the offering will be available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and the accompanying base prospectus relating to the offering may be obtained from the joint-book running managers for the offering as follows:

Wells Fargo Securities, LLC
90 South 7th Street, 5th Floor
Minneapolis, Minnesota 55402
Email: [email protected]
Tel: 800-645-3751 (option #5)

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Tel: 800-831-9146

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Email: [email protected]
Tel: 888-603-5847

Scotia Capital (USA) Inc.
250 Vesey Street, 24th Floor
New York, New York 10281
Attention: US ECM
Email: [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

About Entergy

Entergy Corporation is an integrated energy company engaged in electric power production, transmission and energy delivery to retail customers. Entergy owns and operates power plants with approximately 25,000 megawatts of electric generating capacity. Entergy delivers electricity to approximately 3.1 million utility customers through its operating companies in Arkansas, Louisiana, Mississippi and Texas.

Entergy is traded on the New York Stock Exchange under the symbol ETR.

Forward-looking statements

This press release contains forward-looking statements regarding our planned offer and sale of common stock and the use of the net proceeds from any such sale. We cannot be sure that we will complete the offering or, if we do, on what terms we will complete it. Forward-looking statements are based on current beliefs and expectations and are subject to inherent risks and uncertainties. In addition, Entergy management retains broad discretion with respect to the allocation of net proceeds of the offering. The forward-looking statements speak only as of the date of release, and Entergy is under no obligation to, and expressly disclaims any such obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

-30-

Investor inquiries:
Liz Hunter
504-576-3294
[email protected]

Media inquiries:
Neal Kirby
504-576-4238
[email protected]

SOURCE Entergy Corporation

ETR leans on its nuclear portfolio and a $57 billion grid plan to drive demand and reliability, but regulatory risks and efficiency trends persist.

AUSTIN, Texas--(BUSINESS WIRE)--Futurum Group, a leading technology advisory, research, and intelligence firm, today announced the signing of a definitive agreement to acquire Aptiviti, Inc., the parent company of Enterprise Technology Research (ETR). Upon closing, the strategic acquisition will merge ETR’s highly coveted, predictive quantitative data engine—long considered a gold standard by institutional investors—with Futurum Group’s deep market expertise, media properties, and global intelligence platform.

The world’s top institutional investors have relied on ETR’s data to predict market-moving shifts in technology spending before they show up in earnings. We now bridge the gap between Silicon Valley and Wall Street and vice versa.

Share For over a decade, ETR has been the silent engine behind some of Wall Street’s most successful technology investors. Through its proprietary Technology Spending Intentions Survey (TSIS), ETR captures forward-looking capital allocation data from a vetted community of nearly 10,000 enterprise technology leaders representing over $2 trillion in spending power.

Following the robust adoption of the Futurum Intelligence Platform™ in 2025, users and decision makers find unmatched real time data capabilities covering 11 tech practice areas. Customers who’ve been consuming dynamic intelligence based on over 6M existing data points will now gain a leading and powerful set of indicators to forecast vendor performance across their ecosystem, track sales preference signals across verticals, and ultimately enable them to generate alpha in a volatile tech market.

"ETR was founded on the belief that data, not opinion, should drive the most consequential technology decisions. I joined this company as one of its first employees in 2012, and returning as CEO in 2024 gave me a front-row seat to just how far that conviction had taken us. The result is a community of nearly 10,000 technology leaders, more than 15 years of proprietary data, and a methodology that the world's top investors and technology companies rely on to stay ahead of the market,” said Brad LaScolea, CEO of ETR. “Combining that foundation with Futurum Group’s analyst depth, reach, and intelligence platform creates something genuinely differentiated and long overdue for the market."

"For years, the world’s top institutional investors have relied on ETR’s raw data to predict market-moving shifts in technology spending before they show up in earnings," said Daniel Newman, CEO of Futurum Group. "Through this acquisition, we are bridging the gap between Silicon Valley and Wall Street and vice versa. We are proud to offer the financial markets an ultimate edge while further enhancing the power of intelligence that enterprises are accustomed to having with Futurum Group: predictive, quantitative alpha generated by ETR with the strategic, qualitative context of our global analyst team. I’m personally proud to have Futurum Group innovate and spearhead the reimagined mandate firms have in the AI era, leading at the forefront to offer this level of unified market intelligence."

Futurum Intelligence’s latest proprietary AI offerings unveiled this year are eye opening to customers, allowing them to prompt AI to answer questions grounded in Futurum Group’s research and buyer data such as vendor comparisons, brief your board, and pressure-test strategy — in minutes, not weeks.

The combined platform includes the following benefits and capabilities:

Institutional-Grade Predictive Power: ETR’s standardized, longitudinal TSIS survey captures spending intentions across hundreds of publicly traded and private technology vendors. Decision makers use this proprietary data as an unparalleled, forward-looking lens into which companies are gaining or losing market share, compared to those benefiting from or impacted by secular and/or macro-level spending headwinds. Deep Penetration in Financial Services: ETR's established clientele includes a who's-who of tier-one hedge funds, mutual funds, family offices, private equity, and venture capital firms. This acquisition formally solidifies Futurum’s footprint on Wall Street, expanding its ecosystem far beyond traditional technology vendors and enterprise C-suites to directly serve the financial markets. The Ultimate Due Diligence Engine: By integrating ETR's data with Futurum Group’s existing platform, decision makers now have a comprehensive tool for robust market positioning, buying and adoption trajectories, M&A due diligence, competitive benchmarking, idea generation, and investment thesis validation. Contextualizing the Quant: While users have historically used ETR to answer what is happening with technology budgets, Futurum Group’s 11 practice areas and expert analysts provide the critical why. Clients now receive the quantitative signal and the qualitative context in a single, frictionless engagement. To learn more and request your access, visit Futurum Group and Futurum Intelligence

About Futurum Intelligence

Futurum Intelligence, the research arm of Futurum Group company, analysts, researchers, and advisors helps business leaders worldwide anticipate tectonic shifts in their industries and leverage disruptive innovation.

Unlike traditional analysts, Futurum Group works not only in analysis and research but also takes that insight and knowledge even further, engaging all the way through the go-to-market process. Futurum Group provides in-depth research and insights on global technology markets using advisory services, custom research reports, strategic consulting engagements, digital events, go-to-market planning, and message testing. It also creates, distributes, and amplifies rich media content that all stakeholders read, watch, and listen to.

About ETR, an Aptiviti Inc company

Enterprise Technology Research (ETR) is an enterprise technology market research firm that delivers actionable, transparent, and unbiased insights to technology companies, institutional investors, and a trusted community of technology leaders, empowering them to make smarter, faster decisions. ETR’s proprietary approach is grounded in their vision to reinvent technology market research so that business leaders can strategically position their organizations to outperform the competition. In fact, no other firm harnesses the same scale and makeup of their vetted community to quickly deliver the unbiased data and analysis that financial and enterprise organizations need to achieve better outcomes. Bottom line: ETR ensures companies can access the data and gain the edge.

On June 01, 2026, Entergy Corp ETR shares fell 3.7% today, closing at $104.97. This decline is part of a broader trend, with the stock experiencing a 6.6% drop over the past week and a 9.8% decline over the past month. Over the last year, however, ETR shares have gained 29.3%, and they are up 14.9% year-to-date. The stock has fluctuated between a 52-week high of $118.45 and a low of $80.11.

GF Value™ verdict: Current price of $104.97 compared to GF Value™ of $78.99 indicates a 32.9% overvaluation.GF Score™: 76/100 (Above Average), suggesting solid fundamentals.Most notable signal: No insider transactions in the last 3 months, indicating a lack of confidence from insiders. Is ETR Overvalued or Undervalued? With a current price of $104.97 and a GF Value™ estimate of $78.99, Entergy Corp appears significantly overvalued, with a 32.9% margin of safety. The GF Valuation label indicates that the stock is "Significantly Overvalued," posing potential risks for investors who may be considering entering or holding onto the stock. The overvaluation suggests that the market may have priced in optimistic growth expectations or a premium for the company's stable utility business, which might not be justified by its underlying financials.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Investors should exercise caution as the stock's current price reflects a significant premium over its estimated intrinsic value, increasing the risk of potential price corrections if the company's performance does not meet high expectations.

How Does ETR's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 26.8x 18.7x Forward P/E 23.9x N/A Entergy Corp's current P/E ratio of 26.8x is significantly above its 5-year median P/E of 18.7x, indicating that the stock is trading at a premium compared to its historical valuation metrics. The forward P/E of 23.9x also suggests that expectations for earnings growth are high. This P/E analysis aligns with the GF Value™ verdict of being overvalued, reinforcing concerns that the stock may not deliver the growth necessary to justify its current price levels.

What Does ETR's GF Score™ Tell Us? Metric Rating GF Score™ 76/100 Financial Strength 4/10 Profitability 7/10 Growth 6/10 Valuation 5/10 Momentum 6/10 The GF Score™ of 76/100 indicates that Entergy Corp is positioned above average in terms of overall stock quality. The strongest area lies in profitability, with a score of 7/10, reflecting the company's ability to generate consistent earnings. However, financial strength is a concern, earning only a 4/10 rating, which may indicate vulnerabilities in the company's capital structure or liquidity. The scores in growth, valuation, and momentum are moderate, suggesting that while there are positive aspects to the company's performance, there is room for improvement in several key areas.

What Are Insiders Doing with ETR Stock? There have been no insider transactions reported in the last three months for Entergy Corp, which may suggest a lack of confidence among company executives or board members regarding the stock's current valuation. Insider activity can often serve as a barometer for investor sentiment, and the absence of recent trades might indicate that insiders are either holding their positions or do not see an attractive entry point at current price levels.

What This Means for Investors Based on the analysis of the GF Value™, Entergy Corp ETR is currently overvalued. With a significant premium over its estimated intrinsic value and a concerning P/E ratio compared to historical averages, the stock may pose risks for potential investors. Caution is advised, given the lack of recent insider activity and the company's mixed financial metrics.

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

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

ETR's GF Score™ is 76/100, indicating that the stock is positioned above average in terms of overall quality and is expected to generate higher long-term returns based on historical performance.

Is ETR overvalued or undervalued?

ETR is currently overvalued, with a GF Value™ of $78.99 compared to its current price of $104.97, suggesting a significant margin of safety of 32.9%.

What is ETR's P/E ratio?

ETR's P/E ratio is 26.8x, which is 43% above its 5-year median P/E of 18.7x, indicating that the stock is trading at a premium compared to its historical valuation.

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

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Entergy CEO Drew Marsh said the rapid buildout of data centers doesn't have to be a burden for residential communities.

"Data centers really want to be good neighbors," Marsh said on CNBC's "Mad Money" on Tuesday. "They have reputations that they want to protect, and they want to be part of the community."

The surge in AI-related power demand has sparked concerns among policymakers and homeowners that residential customers could end up footing the bill for data centers. Marsh said Entergy's approach is designed to avoid that outcome by requiring data center operators to cover the costs of serving their facilities while also contributing to expenses that would otherwise be shared across the utility's customer base.

The electric utility company — which serves customers across Louisiana, Arkansas, Mississippi and Texas — has adopted what it calls a "Fair Share Plus" framework for large data center customers.

"The Fair Share part says that they are going to pay all of the incremental infrastructure costs during the life of their contract as needed to support them," Marsh said.

Marsh added that the framework goes beyond requiring data centers operators to simply pay for the infrastructure they use.

"The plus part is that they are also covering some of the fixed costs," Marsh said. "That means overhead costs and storm costs that our existing customers would have already been paying."

At Entergy's investor day Tuesday, Marsh said those provisions are expected to generate roughly $7 billion in savings for existing customers over the 15 to 20-year life of the contracts.

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Entergy Corporation (ETR) Analyst/Investor Day Transcript

Posted by Defense World Staff on Apr 13th, 2026

Baillie Gifford & Co. increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) by 50.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,945,196 shares of the company’s stock after acquiring an additional 1,330,278 shares during the quarter. Baillie Gifford & Co. owned approximately 5.07% of YETI worth $174,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in YETI by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock worth $185,089,000 after acquiring an additional 696,983 shares during the last quarter. Reinhart Partners LLC. grew its holdings in YETI by 24.2% in the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock worth $88,323,000 after acquiring an additional 519,102 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in YETI by 110.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after acquiring an additional 1,314,878 shares during the last quarter. American Century Companies Inc. grew its holdings in YETI by 38.1% in the 3rd quarter. American Century Companies Inc. now owns 1,981,953 shares of the company’s stock worth $65,761,000 after acquiring an additional 547,098 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in YETI by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,025 shares of the company’s stock worth $61,291,000 after acquiring an additional 41,766 shares during the last quarter.

YETI Trading Up 0.1% Shares of YETI opened at $36.72 on Monday. The firm’s 50-day moving average price is $41.36 and its 200-day moving average price is $40.88. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 18.09 and a beta of 1.80. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $51.29.

YETI (NYSE:YETI – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. YETI had a return on equity of 22.53% and a net margin of 8.85%.The company had revenue of $583.71 million for the quarter, compared to analyst estimates of $582.43 million. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes A number of equities research analysts have recently weighed in on YETI shares. Roth Mkm upgraded YETI from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $45.00 price objective on shares of YETI in a research report on Tuesday, January 27th. Citigroup lifted their price objective on YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. UBS Group cut their price objective on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.15.

View Our Latest Analysis on YETI

YETI Company Profile (Free Report)

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.

Recommended Stories Five stocks we like better than YETI Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI – Free Report).

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April 23, 2026 08:00 ET  | Source: YETI Holdings, Inc.

AUSTIN, Texas, April 23, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that it plans to report its first quarter fiscal year 2026 financial results on Thursday, May 14, 2026, before the market opens. YETI will host a conference call at 8:00 a.m. ET to discuss its financial results.

Investors and analysts who wish to participate in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live webcast of the conference call will also be available in the investor relations section of YETI’s website, www.investors.yeti.com.

A recorded replay of the call will be available shortly after the conclusion of the call and remain available until May 28, 2026. To access the telephone replay, dial 844-512-2921 (international callers, please dial 412-317-6671). The access code for the replay is 1172791. A replay of the webcast will also be available within two hours of the conclusion of the call and will remain available on the website for 90 days.

About YETI Holdings, Inc.

Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.

Investor Relations Contact:
Arvind Bhatia, CFA
[email protected]

Media Contact:
YETI Holdings, Inc. Media Hotline
[email protected]

Van Berkom & Associates Inc. sold out its entire position in YETI Holdings (YETI +0.32%) during the first quarter, according to a May 7, 2026, SEC filing. The estimated transaction value is $71.32 million, based on the average closing price for the quarter.

What happenedAccording to a recent SEC filing dated May 7, 2026, Van Berkom & Associates Inc. liquidated its entire stake in YETI Holdings during the first quarter of 2026. The firm sold 1,620,914 shares, with the estimated transaction value totaling $71.32 million, based on the average closing price for the quarter. The net position change, including price fluctuations, was a decrease of $71.60 million.

What else to knowVan Berkom & Associates Inc. sold out of YETI Holdings.Top holdings after the filing:NASDAQ:SNEX: $111.64 million (3.7% of AUM)NYSE:DOCN: $110.95 million (3.7% of AUM)NASDAQ:LAUR: $108.12 million (3.6% of AUM)NASDAQ:ENSG: $104.82 million (3.5% of AUM)NASDAQ:VCTR: $101.81 million (3.4% of AUM)As of May 6, 2026, shares of YETI Holdings were priced at $42.46, up about 50% over the past year and outperforming the S&P 500 by over 20 percentage points.Company OverviewMetricValueRevenue (TTM)$1.87 billionNet Income (TTM)$165.39 millionPrice (as of market close 2026-05-06)$42.46Company SnapshotYETI Holdings offers premium outdoor products including hard and soft coolers, drinkware, bags, and accessories under the YETI and Rambler brands.The firm generates revenue through direct-to-consumer channels and a broad network of independent retailers across multiple continents.It targets outdoor enthusiasts, recreational consumers, and specialty retail customers in the United States and select international markets.YETI Holdings, Inc. distributes durable outdoor products and utilizes a multi-channel distribution strategy in the leisure and recreation market.

What this transaction means for investorsYETI stock has surged about 50% over the past year, and this sale ultimately looks like a classic case of locking in gains after a huge run.

Underneath the stock’s latest rally, profit growth has started to slow, and tariff pressures are beginning to creep in. Fourth-quarter sales rose 7% to $583.7 million, while full-year net sales increased 2% to nearly $1.87 billion. International sales were especially impressive, climbing 25% in the quarter and 16% for the full year as the company expanded across Europe, Australia, and Japan. But margins moved in the wrong direction. Adjusted operating income fell 14% in the fourth quarter, and management said higher tariff costs shaved roughly $0.15 off adjusted EPS. Even full-year adjusted EPS slipped 9% to $2.48.

Ultimately, YETI still has a strong brand, loyal customers, and growing international demand, but after such a sharp stock move, the market may now expect near-perfect execution. That leaves less room for operational hiccups or margin compression going forward.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DigitalOcean. The Motley Fool recommends Yeti. The Motley Fool has a disclosure policy.

AUSTIN, Texas--(BUSINESS WIRE)--YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the first quarter ended April 4, 2026.

First Quarter 2026 Highlights

Sales increased 8%, driven by strong consumer demand across categories and channels Wholesale sales grew 19%, delivering our best quarterly performance in over three years US sales grew 8%; International sales grew 9% Coolers & Equipment sales grew 11%; Drinkware sales grew 5% EPS decreased 35% to $0.13; Adjusted EPS decreased 16% to $0.26 from $0.31, inclusive of a $0.09 unfavorable net impact from incremental tariffs Increased Share Repurchase Program authorization to $500 million Update on 2026 Outlook

Raises the lower end of 2026 sales growth Outlook to new range of 7% to 8%, up from 6% to 8% Increases 2026 adjusted operating income margin Outlook to approximately 14.6%, up from 14.4% previously Raises 2026 EPS Outlook to $2.83 to $2.89, reflecting 14% to 17% growth, up from $2.77 to $2.83 or 12% to 14% growth previously Matt Reintjes, President and Chief Executive Officer, commented, “Our first quarter results marked a great start to 2026, building upon and accelerating our momentum from the fourth quarter. YETI saw exceptionally strong US consumer sell-through demand across both Drinkware and Coolers & Equipment. We delivered robust top‑ and bottom‑line execution that was broad‑based across categories and channels. The response to the YETI brand and our continued pace of innovation fueled overall double-digit sales growth in Coolers & Equipment along with a mid-single digit growth in Drinkware, including a return to growth in the US Drinkware business. Overall, our global wholesale channel grew 19% on the back of continued strength in consumer demand and demand from our partners for our expanding innovation. While particularly cautious ordering from our corporate partners across all global regions was a meaningful growth drag in the quarter, our results reflect the strength of our broader Direct-to-consumer channels in both Drinkware and Coolers & Equipment."

Mr. Reintjes continued, “As we look forward, we are driving our strategic growth initiatives reaching new, large audiences of global enthusiasts, delivering core category expansion while scaling proven adjacencies and entering global markets with strong economics. The investments we’ve made over twenty years of building YETI show up in earned, repeatable and disciplined growth supported by innovation, supply chain flexibility, and broadening global capabilities. We are incredibly excited about the opportunities in front of us.”

First Quarter 2026 Results

Sales increased 8% to $380.4 million, driven by broad-based performance across our key product categories and channels.

Sales by Channel

Wholesale channel sales increased 19% to $183.6 million, driven by strong growth across the US and our international regions, reflecting strong consumer demand. Direct-to-consumer (“DTC”) channel sales were flat at $196.8 million. Consumer demand across YETI websites, Amazon Marketplace and YETI retail stores was strong and tracked in line with YETI’s overall growth rate during the quarter. This strength was offset by a decline in global Corporate Sales. Sales by Category

Coolers & Equipment sales increased 11% to $156.1 million, primarily driven by strong performance in soft coolers, bags, hard coolers, and cargo, reflecting continued strength across core and expanded categories. Drinkware sales increased 5% to $216.9 million, as we saw growth in the US and in our international regions. Drinkware growth was supported by continued innovation in our Drinkware product portfolio, and was unfavorably impacted by a decline in Corporate Sales. Sales by Region

US sales increased 8% to $293.1 million, driven by growth in both Coolers & Equipment and Drinkware, reflecting strong consumer demand trends. Demand was robust in the wholesale channel as well as YETI websites, Amazon Marketplace, and YETI retail, partially offset by a decline in Corporate Sales. International sales increased 9% to $87.3 million, reflecting strong growth in Europe, as well as growth in Australia and Canada, and continued momentum in Japan. Strong demand in the wholesale channel as well as Amazon Marketplace was partially offset by a decline in Corporate Sales. Gross profit increased 4% to $210.2 million. Gross margin decreased 210 basis points to 55.3%. The decrease in gross margin included a 280 basis point unfavorable impact from higher tariff costs, as well as lower mix of our DTC channel and Drinkware category. These decreases were partially offset by the favorable impact of foreign currency exchange rates and lower product costs.

Adjusted gross profit increased 4% to $210.2 million. Adjusted gross margin decreased 200 basis points to 55.3%. The decrease in adjusted gross margin included a 280 basis point unfavorable impact from higher tariff costs, as well as lower mix of our DTC channel and Drinkware category. These decreases were partially offset by the favorable impact of foreign currency exchange rates and lower product costs.

Selling, general, and administrative (“SG&A”) expenses increased 10% to $197.8 million. As a percentage of sales, SG&A expenses increased 70 basis points to 52.0%, reflecting growth investments in technology and facilities, and higher employee compensation, including investments in headcount to support our international expansion, partially offset by lower non-cash stock-based compensation.

Adjusted SG&A expenses increased 10% to $183.6 million. As a percentage of sales, adjusted SG&A expenses increased 100 basis points to 48.3%, reflecting growth investments in facilities and technology, and higher employee compensation, including investments in headcount to support our international expansion.

Operating income decreased 43% to $12.4 million, or 3.3% of sales. The operating income margin of 3.3% reflects an approximately 230 basis point unfavorable net impact from incremental tariff costs.

Adjusted operating income decreased 24% to $26.6 million, or 7.0% of sales. The adjusted operating income margin of 7.0% reflects an approximately 230 basis point unfavorable net impact from incremental tariff costs.

Net income decreased 41% to $9.9 million, or 2.6% of sales, compared to $16.6 million, or 4.7% of sales in the prior year quarter. Net income per diluted share decreased 35% to $0.13, compared to $0.20 in the prior year quarter. Net income per diluted share in the current quarter included an unfavorable net impact from incremental tariff costs of approximately $0.09.

Adjusted net income decreased 23% to $19.8 million, or 5.2% of sales, compared to $25.8 million, or 7.3% of sales in the prior year quarter. Adjusted net income per diluted share decreased 16% to $0.26, compared to $0.31 in the prior year quarter. Adjusted net income per diluted share in the current quarter included an unfavorable net impact from incremental tariff costs of approximately $0.09.

Balance Sheet and Liquidity Review

We continued to maintain a strong liquidity position with cash of $127.8 million, total debt, excluding finance leases and unamortized deferred financing fees, of $72.8 million, and our $300 million Revolving Credit Facility remaining undrawn as of the end of the first quarter of 2026.

Inventory decreased 4% to $318.4 million.

Capital Allocation Update

We continue to expect strong free cash flow generation and remain committed to investing in the business to drive sustainable growth and enhance long-term shareholder value through share repurchases.

We are announcing today that our Board of Directors approved an increase to our existing share repurchase program, resulting in $500 million available for the repurchase of shares as of May 14, 2026.

2026 Outlook

Mr. Reintjes concluded, “Our strong first quarter performance reinforces confidence in our full year outlook. Supported by strong demand for innovation, continued growth in both Drinkware and Coolers & Equipment, and international expansion, we are raising the lower end of our full-year sales growth expectations to a new range of 7% to 8% and raising our EPS expectations slightly. In our 20th anniversary year, we are building on a proven foundation, an incredibly strong brand, and significant global addressable opportunity. With a clear focus on our strategic priorities, we remain confident in our ability to drive long‑term growth and profitability, unlocking the full global potential of YETI and driving significant shareholder value.”

For Fiscal 2026 compared to Fiscal 2025, YETI expects:

Sales to increase between 7% to 8% (versus previous outlook of 6% to 8%); Adjusted operating income to increase between 8% to 10% (versus previous outlook of 6% to 8%). This updated outlook does not include the future favorable impact of any potential IEEPA tariff refunds; Adjusted operating income as a percentage of sales of approximately 14.6% (versus previous outlook of 14.4%); An effective tax rate of approximately 24% (consistent with previous outlook); Adjusted net income per diluted share between $2.83 and $2.89 (versus previous outlook of between $2.77 and $2.83, or 12% to 14% growth), reflecting a 14% to 17% increase; Diluted weighted average shares outstanding of approximately 76.6 million (consistent with previous outlook). This outlook reflects the impact of $100 million in expected share repurchases in Fiscal 2026; Capital expenditures between $60 million and $70 million (consistent with previous outlook), primarily to support investments in technology, new product innovation, and our supply chain; and Free cash flow between $200 million and $225 million (consistent with previous outlook). Conference Call Details

A conference call to discuss the first quarter of 2026 financial results is scheduled for today, May 14, 2026, at 8:00 a.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 800-717-1738 (international callers, please dial 646-307-1865) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at http://investors.yeti.com. A replay will be available through Thursday, May 28, 2026 by dialing 844-512-2921 (international callers, 412-317-6671). The accompanying access code for this call is 1172791.

About YETI Holdings, Inc.

Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we supplement our results with non-GAAP financial measures, including adjusted gross profit, adjusted gross margin, adjusted SG&A expenses, adjusted operating income, adjusted net income, adjusted net income per diluted share (which we also refer to as adjusted EPS), free cash flow as well as adjusted gross profit, adjusted SG&A expenses, adjusted operating income and adjusted net income as a percentage of net sales.

Our management uses these non-GAAP financial measures in conjunction with GAAP financial measures to measure our profitability and to evaluate our financial performance. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding the underlying operating performance of our business and are appropriate to enhance an overall understanding of our financial performance. These non-GAAP financial measures have limitations as analytical tools in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered along with GAAP financial performance measures. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. A reconciliation of the non-GAAP financial measures to such GAAP measures can be found below.

YETI does not provide a reconciliation of forward-looking non-GAAP to GAAP financial measures because such reconciliations are not available without unreasonable efforts. This is due to the inherent difficulty in forecasting with reasonable certainty certain amounts that are necessary for such reconciliation, including in particular the impacts of realized and unrealized foreign currency gains and losses reported within other expense. For the same reasons, we are unable to forecast with reasonable certainty all deductions and additions needed in order to provide forward-looking GAAP financial measures at this time. The amount of these deductions and additions may be material and, therefore, could result in forward-looking GAAP financial measures being materially different or less than forward-looking non-GAAP financial measures. See “Forward-looking statements” below.

Forward-looking statements

This press release contains ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements. Forward-looking statements include statements containing words such as “anticipate,” “assume,” “believe,” “can have,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “potential,” “seek,” “should,” “target,” “will,” “would,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events. For example, all statements made regarding future expectations relating to our growth, innovation, supply chain, and global expansion initiatives, our plans for sustainable global growth, share repurchase plans, future financial performance, capital expenditures, and our expectations for opportunity, growth, and investments, including those set forth in the quotes from YETI’s President and CEO, and the 2026 financial outlook provided herein, constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected and, therefore, you should not unduly rely on such statements. The risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include but are not limited to: (i) economic conditions or consumer confidence in future economic conditions; (ii) our ability to maintain and strengthen our brand and generate and maintain ongoing demand for our products; (iii) our ability to successfully design, develop and market new products; (iv) our ability to effectively manage our growth; (v) our ability to expand into additional consumer markets, and our success in doing so; (vi) the success of our international expansion plans; (vii) our ability to compete effectively in the outdoor and recreation market and protect our brand; (viii) the level of customer spending for our products, which is sensitive to general economic conditions and other factors; (ix) problems with, or loss of, our third-party contract manufacturers and suppliers or an inability to obtain raw materials; (x) fluctuations in the cost and availability of raw materials, equipment, labor, and transportation and subsequent manufacturing delays or increased costs; (xi) adverse changes in international trade policies, tariffs and treaties, including increases in tariff rates and the imposition of additional tariffs; (xii) our ability to accurately forecast demand for our products and our results of operations; (xiii) our relationships with our national, regional, and independent retail partners, who account for a significant portion of our sales; (xiv) risks associated with our direct-to-consumer channel; (xv) substantial fixed costs related to operating retail stores; (xvi) the impact of natural disasters and failures of our information technology on our operations and the operations of our manufacturing partners; (xvii) the integration and use of artificial intelligence; (xviii) our ability to attract and retain skilled personnel and senior management, and to maintain the continued efforts of our management and key employees; (xix) the impact of our indebtedness on our ability to invest in the ongoing needs of our business; and (xx) our ability to successfully execute our share repurchase program and its impact on stockholder value and the volatility of the price of our common stock. For a more extensive list of factors that could materially affect our results, you should read our filings with the United States Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended January 3, 2026, as such filings may be amended, supplemented or superseded from time to time by other reports YETI files with the SEC.

These forward-looking statements are made based upon detailed assumptions and reflect management’s current expectations and beliefs. While YETI believes that these assumptions underlying the forward-looking statements are reasonable, YETI cautions that it is very difficult to predict the impact of known factors, and it is impossible for YETI to anticipate all factors that could affect actual results.

The forward-looking statements included here are made only as of the date hereof. YETI undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. Many of the foregoing risks and uncertainties may be exacerbated by the global business and economic environment, including ongoing geopolitical conflicts.

Solely for convenience, certain trademark and service marks referred to in this press release appear without the ® or ™ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and service marks.

YETI HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share amounts)

  Three Months Ended

April 4,
2026

March 29,
2025

Net sales

$

380,414

$

351,128

Cost of goods sold

170,203

149,406

Gross profit

210,211

201,722

Selling, general, and administrative expenses

197,773

180,051

Operating income

12,438

21,671

Interest (expense) income, net

(1,117

)

308

Other income, net

979

1,376

Income before income taxes

12,300

23,355

Income tax expense

(2,449

)

(6,746

)

Net income

$

9,851

$

16,609

Net income per share

Basic

$

0.13

$

0.20

Diluted

$

0.13

$

0.20

Weighted-average shares outstanding

Basic

75,319

82,598

Diluted

76,747

83,543

YETI HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited) (In thousands)

  April 4,
2026

January 3,
2026

March 29,
2025

ASSETS

Current assets

Cash

$

127,791

$

188,342

$

259,042

Accounts receivable, net

136,023

141,424

120,543

Inventory

318,362

290,611

330,515

Prepaid expenses and other current assets

60,145

39,949

57,116

Total current assets

642,321

660,326

767,216

Property and equipment, net

142,443

142,105

130,576

Operating lease right-of-use assets

127,803

131,531

89,046

Goodwill

72,308

72,308

72,308

Intangible assets, net

223,908

219,791

174,154

Other assets

9,835

9,357

4,566

Total assets

$

1,218,618

$

1,235,418

$

1,237,866

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

$

146,574

$

140,214

$

137,586

Accrued expenses and other current liabilities

114,327

135,353

110,050

Taxes payable

10,107

15,897

10,418

Accrued payroll and related costs

14,748

22,659

11,768

Operating lease liabilities

15,189

15,044

20,938

Current maturities of long-term debt

4,678

5,172

6,486

Total current liabilities

305,623

334,339

297,246

Long-term debt, net of current portion

67,373

68,301

71,401

Operating lease liabilities, non-current

137,391

139,945

84,290

Other liabilities

48,304

42,557

20,667

Total liabilities

558,691

585,142

473,604

Stockholders’ Equity

Common stock

907

900

896

Treasury stock, at cost

(602,268

)

(602,268

)

(301,634

)

Additional paid-in capital

471,158

471,770

434,519

Retained earnings

789,363

779,512

630,734

Accumulated other comprehensive gain (loss)

767

362

(253

)

Total stockholders’ equity

659,927

650,276

764,262

Total liabilities and stockholders’ equity

$

1,218,618

$

1,235,418

$

1,237,866

YETI HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (In thousands)

  Three Months Ended

April 4,
2026

March 29,
2025

Cash Flows from Operating Activities:

Net income

$

9,851

$

16,609

Adjustments to reconcile net income to cash provided by (used in) operating activities:

Depreciation and amortization

13,972

13,152

Amortization of deferred financing fees

159

161

Stock-based compensation

9,401

10,144

Deferred income taxes

4,799

5,708

Impairment of long-lived assets

973

—

Product recalls

477

—

Other

959

(3,612

)

Changes in operating assets and liabilities:

Accounts receivable

6,217

170

Inventory

(26,901

)

(20,220

)

Other current assets

(20,136

)

(11,960

)

Accounts payable and accrued expenses

(28,363

)

(63,009

)

Taxes payable

(5,763

)

(27,783

)

Other

1,706

344

Net cash used in operating activities

(32,649

)

(80,296

)

Cash Flows from Investing Activities:

Purchases of property and equipment

(11,119

)

(8,901

)

Additions of intangibles, net

(3,408

)

(6,609

)

Net cash used in investing activities

(14,527

)

(15,510

)

Cash Flows from Financing Activities:

Repayments of long-term debt

(1,055

)

(1,055

)

Taxes paid in connection with employee stock transactions

(10,006

)

(1,542

)

Payments of finance lease obligations

(527

)

(3,874

)

Net cash used in financing activities

(11,588

)

(6,471

)

Effect of exchange rate changes on cash

(1,787

)

2,524

Net decrease in cash

(60,551

)

(99,753

)

Cash, beginning of period

188,342

358,795

Cash, end of period

$

127,791

$

259,042

YETI HOLDINGS, INC.

Supplemental Financial Information

Disaggregated Net Sales

(Unaudited) (In thousands)

  Three Months Ended

April 4,
2026

March 29,
2025

Net Sales by Channel

Wholesale

$

183,595

$

154,912

Direct-to-consumer

196,819

196,216

Total net sales

$

380,414

$

351,128

Net Sale by Category

Coolers & Equipment

$

156,101

$

140,217

Drinkware

216,905

205,601

Other

7,408

5,310

Total net sales

$

380,414

$

351,128

Net Sales by Geographic Region

United States

$

293,086

$

271,275

International

87,328

79,853

Total net sales

$

380,414

$

351,128

YETI HOLDINGS, INC.

Supplemental Financial Information

Reconciliation of GAAP to Non-GAAP Financial Information

(Unaudited) (In thousands)

  Three Months Ended

April 4,
2026

March 29,
2025

Gross profit

$

210,211

$

201,722

Transition costs(1)

—

(395

)

Adjusted gross profit

$

210,211

$

201,327

Selling, general, and administrative expenses

$

197,773

$

180,051

Non-cash stock-based compensation expense

(9,401

)

(10,144

)

Long-lived asset impairment

(973

)

—

Organizational realignment costs(2)

(764

)

(994

)

Stockholder matters(3)

(1,700

)

(2,760

)

Executive transition costs(4)

(599

)

—

Technology transformation costs(5)

(758

)

—

Adjusted selling, general, and administrative expenses

$

183,578

$

166,153

Net sales

$

380,414

$

351,128

Gross margin

55.3

%

57.4

%

Adjusted gross margin

55.3

%

57.3

%

SG&A expenses as a % of net sales

52.0

%

51.3

%

Adjusted SG&A expenses as a % of net sales

48.3

%

47.3

%

  (1)

Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC. (2)

Represents employee severance costs in connection with strategic organizational realignments. (3)

Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025 and its subsequent expiration in 2026. (4)

Represents severance costs related to the departure of our former Chief Financial Officer. (5)

Represents third-party consulting fees related to certain initiatives to optimize and enhance our technology infrastructure. These expenses represent non-recurring incremental costs above the normal ongoing level of spending on technology to support operations. YETI HOLDINGS, INC.

Supplemental Financial Information

Reconciliation of GAAP to Non-GAAP Financial Information

(Unaudited) (In thousands, except per share amounts)

  Three Months Ended

April 4,
2026

March 29,
2025

Operating income

$

12,438

$

21,671

Adjustments:

Non-cash stock-based compensation expense(1)

9,401

10,144

Long-lived asset impairment(1)

973

—

Organizational realignment costs(1)(2)

764

994

Transition costs(3)

—

(395

)

Shareholder matters(1)(4)

1,700

2,760

Executive transition costs(1)(5)

599

—

Technology transformation costs(1)(6)

758

—

Adjusted operating income

$

26,633

$

35,174

Net income

$

9,851

$

16,609

Adjustments:

Non-cash stock-based compensation expense(1)

9,401

10,144

Long-lived asset impairment(1)

973

—

Organizational realignment costs(1)(2)

764

994

Transition costs(3)

—

(395

)

Shareholder matters(1)(4)

1,700

2,760

Executive transition costs(1)(5)

599

—

Technology transformation costs(1)(6)

758

—

Other income, net(7)

(979

)

(1,376

)

Tax impact of adjusting items(8)

(3,238

)

(2,971

)

Adjusted net income

$

19,829

$

25,765

Net sales

$

380,414

$

351,128

Operating income as a % of net sales

3.3

%

6.2

%

Adjusted operating income as a % of net sales

7.0

%

10.0

%

Net income as a % of net sales

2.6

%

4.7

%

Adjusted net income as a % of net sales

5.2

%

7.3

%

Net income per diluted share

$

0.13

$

0.20

Adjusted net income per diluted share

$

0.26

$

0.31

Weighted average shares outstanding used to compute adjusted net income per diluted share

76,747

83,543

  (1)

These costs are reported in SG&A expenses. (2)

Represents employee severance costs in connection with strategic organizational realignments. (3)

Represents a favorable true-up of estimated disposal costs in connection with the acquisition of Mystery Ranch, LLC. (4)

Represents advisory and legal fees related to a stockholder matter that resulted in a cooperation agreement signed in March 2025 and its subsequent expiration in 2026. (5)

Represents severance costs related to the departure of our former Chief Financial Officer. (6)

Represents third-party consulting fees related to certain initiatives to optimize and enhance our technology infrastructure. These expenses represent non-recurring incremental costs above the normal ongoing level of spending on technology to support operations. (7)

Other (income) expense, net substantially consists of realized and unrealized foreign currency gains and losses on intercompany balances that arise in the ordinary course of business. (8)

Represents the tax impact of adjustments calculated at an expected statutory tax rate of 24.5% for each of the three months ended April 4, 2026 and March 29, 2025. YETI HOLDINGS, INC.

Supplemental Financial Information

Reconciliation of GAAP to Non-GAAP Financial Measures

(Unaudited) (In thousands)

  Three Months Ended

April 4,
2026

March 29,
2025

Net cash used in operating activities

$

(32,649

)

$

(80,296

)

Less: Purchases of property and equipment

(11,119

)

(8,901

)

Free cash flow

$

(43,768

)

$

(89,197

)

More News From YETI Holdings, Inc.

Yeti (YETI - Free Report) reported $380.41 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 8.3%. EPS of $0.26 for the same period compares to $0.31 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $374.36 million, representing a surprise of +1.62%. The company delivered an EPS surprise of +50.03%, with the consensus EPS estimate being $0.17.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Yeti performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenues- International: $87.33 million compared to the $93.17 million average estimate based on three analysts. The reported number represents a change of +9.4% year over year.Geographic Revenues- United States: $293.09 million compared to the $280.06 million average estimate based on three analysts. The reported number represents a change of +8% year over year.Net Sales by Channel- Direct-to-consumer: $196.82 million versus the five-analyst average estimate of $206.8 million. The reported number represents a year-over-year change of +0.3%.Net Sales by Channel- Wholesale: $183.6 million compared to the $165.82 million average estimate based on five analysts. The reported number represents a change of +18.5% year over year.Net Sales by Category- Other: $7.41 million compared to the $5.14 million average estimate based on five analysts. The reported number represents a change of +39.5% year over year.Net Sales by Category- Drinkware: $216.91 million versus the five-analyst average estimate of $215.14 million. The reported number represents a year-over-year change of +5.5%.Net Sales by Category- Coolers & Equipment: $156.1 million versus $154.48 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.View all Key Company Metrics for Yeti here>>>

Shares of Yeti have returned -0.7% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Shares of YETI Holdings Inc. NYSE: YETI jumped Thursday after the company delivered a first-quarter earnings beat and raised its full-year outlook, giving investors renewed confidence after a rocky few months for the stock.

The outdoor and lifestyle products company has had a strong run over the last year, with shares climbing over 25%. However, after hitting a 52-week high in January, the stock pulled back sharply. Over the last three months, shares are down 15%. Following the latest earnings report, though, sentiment appears to be shifting again.

Get YETI alerts:

Strong Demand Drives Earnings BeatYETI saw broad-based growth across categories and channels during the first quarter. Adjusted earnings per share of 26 cents declined 16% from 31 cents per share in the year-ago quarter but topped analyst expectations by 9 cents. Revenue of roughly $380 million rose more than 8% year over year and beat expectations by around $6 million.

YETI Today

$50.91 +0.23 (+0.45%)

As of 02:38 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$29.12▼

$51.49P/E Ratio25.99

Price Target$50.42

During the company's earnings call, Chief Executive Officer Matt Reintjes highlighted improving demand trends and execution during the quarter. "Demand is more diversified, our platforms are scaling more efficiently. Our operating system continues to execute with discipline in a dynamic and often unpredictable environment," he said.

Demand was particularly strong in U.S. consumer sell-through across both Coolers & Equipment and Drinkware. Coolers & Equipment posted double-digit sales growth, while Drinkware delivered mid-single-digit growth. Global wholesale sales were also strong, with the channel growing 19%. Corporate sales were softer due to order timing and a slower global corporate environment.

YETI Raises Full-Year OutlookThe company boosted its outlook for the year, citing strong first-quarter results and improving visibility into the remainder of 2026. "We've entered the second quarter with global demand trends showing strength, continuing momentum from the last two quarters," Reintjes said.

YETI said it now expects fiscal 2026 net sales growth forecast of more than 7% to 8% year over year, up from its previous outlook of more than 6% to 8%. The company also increased its adjusted operating margin forecast to 14.6%, up from 14.4%, and raised its adjusted diluted earnings per share (EPS) guidance to $2.83 to $2.89. That represents projected year-over-year growth of 14% to 17%. Previously, the company had forecast adjusted EPS of $2.77 to $2.83, representing growth of more than 12% to 14%.

Looking ahead, international markets remain a major long-term growth opportunity for the company, Reintjes said, adding that even though international sales are expected to account for more than 23% of full-year sales in 2026, "we are still early in unlocking it."

While demand trends remain strong, the company said it continues to navigate headwinds from tariffs and energy costs, which are expected to pressure margins during the first half of the year. However, strategies including pricing actions and product mix are helping offset some of the impact, and YETI expects margins to improve in the second half.

Can YETI Stock Regain Momentum?Shares of YETI had trended steadily higher through much of the last 12 months as the company delivered multiple quarters of earnings beats. Shares, which were trading below $30 in May 2025, climbed to a 52-week intraday high above $51 by mid-January.

After reaching that peak, however, the stock began to pull back. The trend accelerated following the company's fourth-quarter earnings report on Feb. 19, which sent shares down roughly 5%. Although YETI delivered better-than-expected earnings and revenue, investors seemed spooked by the company's outlook and the potential impact of tariffs.

Ahead of the Q1 earnings report, shares had fallen back into the $38 range. However, sentiment shifted following the latest earnings release, as shares surged about 6% afterwards.

Analysts Remain Largely BullishAnalyst actions over the last few months have been mixed, though overall sentiment remains fairly positive. YETI currently carries a Moderate Buy consensus rating based on nine Buy ratings and seven Hold ratings.

YETI Stock Forecast Today12-Month Stock Price Forecast:
$50.42
-0.90% Downside

Moderate Buy
Based on 16 Analyst Ratings

Current Price$50.87High Forecast$60.00Average Forecast$50.42Low Forecast$40.00YETI Stock Forecast Details

The 12-month consensus price target is $48.50, implying almost 20% upside from current levels, with analyst price targets ranging from $37 to $60.

Some investors may also see an opportunity in the stock's valuation following the recent pullback. YETI is currently trading at a price-to-earnings (P/E) ratio of around 20X, while the leisure and recreational products industry trades at an average P/E of around 36X. YETI can be tough to compare directly with other public companies, as there are few public-market peers with a similar product mix.

While concerns around tariffs and global energy prices remain, the company's latest earnings report suggested demand trends are still holding up, while long-term opportunities, particularly internationally, appear strong. If YETI can continue delivering steady growth while improving margins in the second half of the year, some investors may see the recent sell-off as overdone.

Should You Invest $1,000 in YETI Right Now?Before you consider YETI, you'll want to hear this.

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Yeti Holdings stock surged after the outdoor gear maker topped earnings estimates and raised its 2026 profit outlook as tariff pressures begin to ease.

HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO), the Canadian digital infrastructure group listed in Toronto and New York, has unveiled plans to build one of Canada's largest artificial intelligence data centres in the Greater Toronto Area through its subsidiary Buzz High Performance Computing.

The facility, which the company describes as an "AI gigafactory", would have approximately 320 megawatts of power capacity and house more than 100,000 graphics processing units (GPUs), the specialised chips used to train and run AI models.

Buzz HPC has acquired a 25-acre site comprising two adjacent parcels for a combined $58 million and says it has secured key milestones along the power pathway needed to bring the project online.

The target date for the facility to begin operating is the second half of 2027, with a total capital investment of approximately 3.5 billion Canadian dollars.

The company said the project would create more than 800 construction jobs and hundreds of permanent skilled positions once operational.

Hive framed the investment in terms of national sovereignty, arguing that Canada needs domestically controlled computing infrastructure to avoid relying on data centres abroad for sensitive workloads.

Executive chairman Frank Holmes said the facility would allow AI applications, including financial platforms, healthcare and scientific research to "run on Canadian iron, under Canadian control".

The site sits in what Hive calls the Toronto-Waterloo innovation corridor, a stretch that includes the University of Toronto, where AI pioneer Geoffrey Hinton conducted foundational research, and the University of Waterloo's engineering programmes.

Chief executive Aydin Kilic said the announcement takes Hive's total global power capacity to more than 850 megawatts, comprising 450 megawatts of operating data centres and a pipeline of 400 megawatts expected to come online next year.

In Canada specifically, the company now has 100 megawatts of operating capacity alongside the 320-megawatt Toronto project and a 70-megawatt site at Grand Falls in New Brunswick, giving it land and power to support approximately 130,000 GPUs.

The facility is designed to run on Ontario's electricity grid, which draws heavily on nuclear, hydroelectric and renewable generation, and will use closed-loop cooling systems that avoid water consumption.

Hive was founded in 2017 as one of the first publicly listed cryptocurrency mining companies and has since expanded into AI computing and high-performance data centre services across Canada, Sweden and Paraguay.

YETI (NYSE:YETI) lifted its full-year guidance and topped first-quarter expectations, offering investors a more confident growth trajectory just as concerns over consumer spending and tariff headwinds had weighed on the stock.

The outdoor lifestyle brand now expects fiscal 2026 net sales growth of 7% to 8%, tightened from a prior range of 6% to 8%, and raised its adjusted EPS outlook to $2.83-$2.89 from $2.77-$2.83.

Adjusted operating margin guidance moved to 14.6% from 14.4%, with the company noting the figure does not yet incorporate any potential favorable impact from IEEPA tariff refunds, leaving room for further upside. Additional targets include free cash flow of $200 million to $225 million, capital expenditures of $60 million to $70 million.

The raised outlook arrived at a moment when investors had broadly expected the opposite. Ongoing geopolitical tensions had pressured discretionary spending and cast doubt on the achievability of the company's top-line targets, while uncertainty around commodity costs and the tariff environment had clouded the margin picture. YETI's shares had fallen approximately 13% year to date heading into the print.

The guidance lift was underpinned by a strong quarterly performance. YETI reported first-quarter EPS of $0.26, well above UBS and Street forecasts of $0.16 and $0.18, respectively. Total revenue rose 8.3%, outpacing UBS's 6.1% estimate and the Street's 6% projection.

Wholesale surged 18.5% well above expectations, Coolers and Equipment and Drinkware also beat forecasts, while direct-to-consumer revenue came in at just 0.3% growth, hampered by a decline in global corporate sales.

Adjusted gross margin came in at 55.3%, contracting 208 basis points year over year but beating UBS and Street estimates of 54.3% and 53.8%. Operating margin of 7% similarly exceeded expectations of 4.5% and 5%.

With the stronger print and raised outlook now in hand, UBS said it would not be surprised to see shares trade higher, noting an indicated gain of approximately 10% at the time of the note. The firm said the key question from here is whether top-line momentum can hold as consumer pressures continue to build.

May 28, 2026 08:00 ET  | Source: YETI Holdings, Inc.

AUSTIN, Texas, May 28, 2026 (GLOBE NEWSWIRE) -- YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that management will be attending the following investor conferences:

Baird Global Consumer, Technology & Services Conference
June 3-4, 2026
New York, NY
Fireside Chat: June 4 at 8:30 a.m. Eastern Daylight Time

Jefferies Consumer Conference
June 16, 2026
Nantucket, MA

A live webcast of the Baird fireside chat presentation will also be available in the investor relations section of YETI’s website, www.investors.yeti.com.

About YETI Holdings, Inc.

Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.

Investor Relations Contact:
Arvind Bhatia, CFA
[email protected]

Media Contact:
YETI Holdings, Inc. Media Hotline
[email protected]

-

Calls on Board to Establish Strategic Review Sub-Committee with New Independent Directors to Oversee Process

NEW YORK--(BUSINESS WIRE)--Irenic Capital Management, LP, one of the largest shareholders of Teleflex Incorporated (“Teleflex” or the “Company”) (NYSE: TFX) with 2% ownership, today issued the following statement regarding the Company’s recent announcement:

“We welcome Teleflex's newfound openness to consider all strategic alternatives.

As a next step, we believe the Board of Directors should form a Strategic Review sub-committee with new independent directors, including a shareholder representative and excluding Dr. Klasko, to work with its advisors to both engage with inbound approaches and solicit outbound interest — and report back to shareholders.

While we strongly disagree with the Board's description of our conversation with Dr. Klasko, we look forward to working with the Board to take appropriate next steps to maximize value at Teleflex.”

About Irenic
Irenic Capital Management, LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and management incentives are all aligned to create value for the company and its owners. For more information about Irenic, please visit www.irenicmgmt.com.

More News From Irenic Capital Management, LP

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LOS ANGELES, April 17, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Teleflex Incorporated, (“Teleflex" or the "Company") (NYSE: TFX) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. 

Investors are encouraged to CONTACT attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/teleflex-incorporated. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

Teleflex’s stock price plummeted $16.52 per share, or 13.06%, to close at $110.01 per share on January 8, 2026, thereby injuring investors. This sharp market contraction was triggered by a January 8, 2026, announcement regarding a sudden and complete turnover in the Company’s highest level of corporate leadership. The primary driver of the valuation collapse was the disclosure that Liam Kelly had departed from his roles as Teleflex’s Chairman, President, and Chief Executive Officer.

The decline was further exacerbated by the "effective immediately" nature of the transition, which suggested an abrupt loss of institutional continuity and strategic oversight. The revelation that the Company was suddenly without its top executive across three core leadership functions led to an immediate loss of investor confidence and a rapid erosion of shareholder value as the market adjusted to the heightened uncertainty regarding Teleflex’s future direction and the potential for a leadership vacuum.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

Attorney Advertising

On April 21, 2026, Teleflex Inc TFX shares fell 5.5% today to a current price of $124.75. This decline comes amid a 52-week trading range of $100.18 to $138.93. The stock has seen mixed performance recently, with a year-to-date increase of 2.5% but a 1-year decline of 2.3%.

GF Value™ verdict: $124.75 vs $183.22, 31.9% undervaluedGF Score™: 75/100, indicating above-average potentialMost notable signal: No insider transactions in the last 3 months Is TFX Overvalued or Undervalued? With a current price of $124.75 and a GF Value™ of $183.22, Teleflex Inc appears significantly undervalued, presenting a margin of safety of 31.9%. This suggests that the stock may offer an attractive opportunity for potential investors who believe in its long-term growth prospects. The GF Valuation label classifies TFX as significantly undervalued, indicating that the current market price does not reflect the company's intrinsic value. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

While the undervaluation presents an opportunity, investors should exercise caution as the company's predictability rating is only 1 star, suggesting potential volatility and uncertainty in future performance. The lack of insider transactions in recent months may also point to a cautious sentiment among company executives regarding the stock's short-term prospects.

How Does TFX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 18.6x 33.0x Currently, Teleflex Inc's forward P/E ratio of 18.6x is significantly lower than its 5-year median P/E of 33.0x, indicating that the stock is trading below its historical valuation. This P/E analysis aligns with the GF Value™ verdict, reinforcing the view that TFX is undervalued at its current price.

What Does TFX's GF Score™ Tell Us? Metric Rating GF Score™ 75/100 Financial Strength 5/10 Profitability 6/10 Growth 5/10 Valuation 8/10 Momentum 4/10 The GF Score™ of 75/100 indicates that Teleflex Inc has above-average potential for long-term returns based on its financial health and operational performance. The strongest area is its Valuation rank at 8/10, suggesting the stock is attractively priced relative to its underlying value. However, the weakest area is the Momentum rank at 4/10, indicating potential challenges in maintaining upward price trends in the short term.

What Are Insiders Doing with TFX Stock? In the last three months, there have been no insider transactions reported for Teleflex Inc, indicating a lack of buying or selling activity among executives and board members. This lack of insider movement may suggest a cautious approach from management regarding the stock's near-term performance, reflecting uncertainty in the broader market or company-specific developments.

What This Means for Investors Based on the analysis of GF Value™, Teleflex Inc is currently undervalued. The significant difference between the current share price and the estimated fair value presents a potential opportunity for investors looking to capitalize on future growth. However, potential investors should remain aware of the company's financial strength and predictability metrics.

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

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

TFX has a GF Score™ of 75/100, indicating above-average potential for long-term returns based on key financial metrics.

Is TFX overvalued or undervalued?

TFX is currently undervalued with a GF Value™ of $183.22 compared to its current price of $124.75, showing significant upside potential.

What is TFX's P/E ratio?

TFX's forward P/E ratio is 18.6x, which is well below its historical 5-year median P/E of 33.0x, suggesting it is trading at a lower valuation compared to its past performance.

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