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PERTH, Australia, June 10, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) (‘Alkane' or ‘the Company') is pleased to announce the latest exploration results and drilling around the Boda-Kaiser resources at its Northern Molong Porphyry Project (NMPP) in New South Wales. Program Summary Near Boda-Kaiser exploration continued with the drilling of various targets testing areas for new Au-Cu mineralised centres.

In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $41.68, marking a -7.64% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.

Shares of the airline have appreciated by 16.52% over the course of the past month, outperforming the Transportation sector's gain of 3.78%, and the S&P 500's loss of 0.03%.

Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. The company is expected to report EPS of -$0.87, down 148.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, up 10.64% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.01 per share and revenue of $15.84 billion, indicating changes of -141.39% and +11.22%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Alaska Air Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 6.6% fall in the Zacks Consensus EPS estimate. Alaska Air Group currently has a Zacks Rank of #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 16% of all industries, numbering over 250.

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

You can find more information on all of these metrics, and much more, on Zacks.com.

Patterson-UTI (PTEN - Free Report) reported $1.12 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 12.8%. EPS of -$0.06 for the same period compares to $0 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of +3.13%. The company delivered an EPS surprise of +40.77%, with the consensus EPS estimate being -$0.10.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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

Operating days - Contract drilling - U.S.: 8,301 versus 8,295 estimated by three analysts on average.Operating revenue- Drilling Services: $351.72 million versus the five-analyst average estimate of $349.52 million. The reported number represents a year-over-year change of -14.8%.Operating revenue- Other Operations: $6.23 million versus $4.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -60.9% change.Revenues- Drilling Products: $79.8 million compared to the $82.28 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.Revenues- Completion Services: $679.59 million compared to the $644.37 million average estimate based on five analysts. The reported number represents a change of -11.3% year over year.Operating income- Drilling Services: $44.3 million compared to the $37.14 million average estimate based on five analysts.Operating income- Other: $2.08 million versus $-1 million estimated by five analysts on average.Operating income- Drilling Products: $5.1 million versus the five-analyst average estimate of $1.37 million.Operating income- Completion Services: $-20.7 million versus the five-analyst average estimate of $-22.74 million.View all Key Company Metrics for Patterson-UTI here>>>

Shares of Patterson-UTI have returned -3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

Patterson-UTI Energy, Inc. (PTEN) Q1 2026 Earnings Call Transcript

Key Takeaways PTEN reported a Q1 2026 loss of 6 cents per share, narrower than estimates, while revenues beat.PTEN saw revenue declines across segments, though Drilling and Completion units topped estimates.PTEN expects Q2 strength in utilization, with projected gross profit supported by active equipment demand. Patterson-UTI Energy, Inc. (PTEN - Free Report) reported a first-quarter 2026 adjusted net loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a 10-cent loss. However, the bottom line decreased from the year-ago quarter's breakeven result due to a decrease in operating income in its Drilling Services, Completion Services and Drilling Products segments.

Total revenues of $1.1 billion beat the Zacks Consensus Estimate by 3.1%. This was driven by higher-than-expected revenues from the Drilling Services and Completion Services segments. The Drilling Services and Completion Services segments reported revenues of $351.7 million and $679.6 million, which beat the consensus mark of $350 million and $37.1 million, respectively. However, the top line decreased about 12.8% year over year. This underperformance can be attributed to the decrease in year-over-year segment revenues.

PTEN’s board of directors declared a quarterly dividend of 10 cents per share, payable on June 15, 2026, to its common shareholders of record as of June 1.

Q1 Segmental Performances of Patterson-UTI EnergyDrilling Services: Revenues in this segment totaled $351.7 million, down 14.8% from the prior-year quarter’s figure of $412.9 million, but beat our estimate of $350 million.

Operating income amounted to $44.3 million compared with $76.3 million in the first quarter of 2025. The figure beat our operating income estimate of $37.1 million.

Completion Services: This segment’s revenues of $679.6 million decreased about 11.3% from the year-ago quarter’s figure of $766.1 million. However, the metric beat our estimate of $644 million.

Operating loss totaled $20.7 million compared with a loss of $18.8 million in the first quarter of 2025 and was narrower than our estimate of $22.7 million.

Drilling Products: This segment’s revenues of $79.8 million decreased about 6.8% from the year-ago quarter’s figure of $85.7 million and missed our estimate of $82 million.

Operating profit totaled $5.1 million, compared with a profit of $6.7 million in the first quarter of 2025. The number also beat our operating profit estimate of $1.4 million.

Other Services: Revenues amounted to $6.2 million, down almost 61% from the year-ago quarter’s figure of $15.9 million, but beat our estimate of $4.8 million.

Operating profit amounted to $2.1 million against a profit of $0.2 million in the first quarter of 2025. The number also beat our estimate of an operating loss of $1 million.

PTEN’s Capital Expenditure & Financial PositionIn the reported quarter, PTEN spent $116.6 million on capital programs compared with $161.8 million in the prior-year period.

As of March 31, 2026, the company had cash and cash equivalents worth $337.2 million and long-term debt of $1.2 billion. Its debt-to-capitalization was 27.8%.

This Zacks Rank #2 (Buy) company reported total operating costs and expenses of $1131.6 million compared with $1263.6 million in the first quarter of 2025.

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

Patterson-UTI Energy’s Q2 OutlookFor the second quarter, the Drilling Services segment is projected to operate at an average U.S. rig count of around 90 rigs. Adjusted gross profit for this segment is anticipated to be about $130 million, including about $5 million in rig reactivation costs, with limited revenue contribution from those rigs during the quarter.

In the Completion Services segment, adjusted gross profit is forecast at roughly $105 million, supported by strong utilization of active equipment. The company will continue to focus on strategic investments aimed at upgrading its asset base with advanced technologies that are expected to deliver superior long-term returns, rather than extending the life of diesel-powered equipment.

For the Drilling Products segment, adjusted gross profit is expected to decline modestly from first-quarter levels, reflecting reduced activity in Canada due to the seasonal spring breakup, along with higher international costs, particularly in the Middle East.

Other operations are expected to generate an adjusted gross profit of about $5 million in the second quarter. Additionally, general and administrative expenses are projected at approximately $67 million, while depreciation, depletion, amortization and impairment expenses are estimated to total around $220 million.

Important Earnings at a GlanceWhile we have discussed PTEN’s first-quarter results in detail, let us take a look at three other key reports in this space.

Halliburton Company (HAL - Free Report) reported first-quarter 2026 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 49 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 60 cents due to softer activity in the North American region and the negative impact of geopolitical conflict in the Middle East, which hurt both of the company’s segments.

Meanwhile, revenues of $5.4 billion were 0.3% lower year over year but beat the Zacks Consensus Estimate of $5.3 billion.

Halliburton reported first-quarter capital expenditure of $192 million. As of March 31, 2026, the company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization ratio of 39.6.

Range Resources Corporation (RRC - Free Report) reported first-quarter 2026 adjusted earnings of $1.52 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line also improved from the prior-year level of 96 cents. 

Total quarterly revenues of $1,018.3 million topped the Zacks Consensus Estimate of $919.3 million. The top line increased from the prior-year figure of $854 million.

Strong quarterly results can be attributed to higher gas-equivalent production and increased natural gas price realization.

At the end of the first quarter, Range Resources reported a total debt of $819.3 million, net of deferred financing costs.

EQT Corporation (EQT - Free Report) reported first-quarter 2026 adjusted earnings from continuing operations of $2.33 per share, which beat the Zacks Consensus Estimate of $2.23. The bottom line increased from the year-ago quarter’s figure of $1.18.

Adjusted operating revenues increased to $3,136 million from $2,153 million in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $3,127 million.

Strong quarterly results were driven by the increase in total sales volumes and higher realized natural gas equivalent prices.

As of March 31, 2026, the company had cash and cash equivalents of $326.6 million and net debt of $5.67 billion.

HOUSTON, TX / ACCESS Newswire / May 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2026, the Company had an average of 88 drilling rigs operating in the United States.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract in the United States. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

About Patterson-UTI

Patterson-UTI is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. For more information, visit www.patenergy.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events. Words such as "anticipate," "believe," "budgeted," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "potential," "project," "pursue," "should," "strategy," "target," or "will," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding Patterson-UTI's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond Patterson-UTI's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: adverse oil and natural gas industry conditions; global economic conditions, including inflationary pressures and risks of economic downturns or recessions in the United States and elsewhere; volatility in customer spending and in oil and natural gas prices that could adversely affect demand for Patterson-UTI's services and their associated effect on rates; excess availability of land drilling rigs, pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for Patterson-UTI's services; the impact of the ongoing conflict in Ukraine; strength and financial resources of competitors; utilization, margins and planned capital expenditures; liabilities from operational risks for which Patterson-UTI does not have and receive full indemnification or insurance; operating hazards attendant to the oil and natural gas business; failure by customers to pay or satisfy their contractual obligations (particularly with respect to fixed-term contracts); the ability to realize backlog; specialization of methods, equipment and services and new technologies, including the ability to develop and obtain satisfactory returns from new technology; the ability to retain management and field personnel; loss of key customers; shortages, delays in delivery, and interruptions in supply, of equipment and materials; cybersecurity events; synergies, costs and financial and operating impacts of acquisitions; difficulty in building and deploying new equipment; governmental regulation; climate legislation, regulation and other related risks; environmental, social and governance practices, including the perception thereof; environmental risks and ability to satisfy future environmental costs; technology-related disputes; legal proceedings and actions by governmental or other regulatory agencies; the ability to effectively identify and enter new markets; public health crises, pandemics and epidemics; weather; operating costs; expansion and development trends of the oil and natural gas industry; ability to obtain insurance coverage on commercially reasonable terms; financial flexibility; interest rate volatility; adverse credit and equity market conditions; availability of capital and the ability to repay indebtedness when due; our return of capital to stockholders; stock price volatility; and compliance with covenants under Patterson-UTI's debt agreements.

Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in Patterson-UTI's SEC filings. Patterson-UTI's filings may be obtained by contacting Patterson-UTI or the SEC or through Patterson-UTI's website at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. Patterson-UTI undertakes no obligation to publicly update or revise any forward-looking statement.

Contact:

Michael Sabella
Vice President, Investor Relations
(281) 885-7589

SOURCE: Patterson-UTI Energy

On May 5, 2026, Jaime Cesar, Director at Patterson-UTI Energy (PTEN +1.26%), reported the direct sale of 10,000 common shares for a transaction value of approximately $123,000, as disclosed in the SEC Form 4 filing.

Transaction summaryMetricValueShares traded (direct)10,000Transaction value$123,000Post-transaction shares (direct)77,462Post-transaction value (direct ownership)$961,000Transaction value based on SEC Form 4 reported price ($12.29); post-transaction value based on May 5, 2026 market close ($12.41).

Key questionsHow does this transaction affect Jaime Cesar’s direct ownership in Patterson-UTI Energy?
The sale reduced Cesar’s direct ownership by 11.43%, leaving 77,462 directly held shares, which equates to an estimated 0.02% of outstanding shares as of the most recent update.Were any indirect holdings, options, or derivatives involved in this transaction?
No; the transaction exclusively involved directly held common shares, with no indirect entities or derivative securities reported before or after the sale.Is this sale part of an ongoing pattern or a one-off event?
This is Cesar’s only open-market sale within the structured historical window; prior filings in this period were all administrative in nature, not sales.What is the current market value of the remaining position and how might this influence future capacity for sales?
As of the May 5, 2026 market close, the remaining direct position is valued at approximately $961,000, indicating continued holding capacity, though future sales would reflect a diminished available share base unless additional shares are acquired.Company overviewMetricValueEmployees9,200Revenue (TTM)$4.66 billionNet income (TTM)($118.82 million)1-year price change101%* 1-year price change calculated using May 8, 2026 as the reference date.

Company snapshotPTEN provides onshore contract drilling, pressure pumping, and directional drilling services to oil and natural gas operators, with a significant presence in key U.S. energy basins and international markets.Patterson-UTI generates revenue primarily through drilling contracts, well stimulation, and related oilfield services, leveraging a large fleet of land-based rigs and specialized equipment.It serves exploration and production companies in the oil and gas sector, targeting both large integrated energy firms and independent operators.Patterson-UTI Energy is a leading provider of oilfield services, operating one of the largest land-based drilling fleets in North America. The company’s diversified service offering and scale position it to capture demand across multiple energy basins and customer segments. Strategic investments in technology and operational efficiency help drive competitiveness in a cyclical industry.

What this transaction means for investorsJaime Cesar sold roughly 11% of his directly held PTEN shares at $12.29, pocketing about $123,000 while leaving more than $960,000 worth of stock in place. That's a trim, not an exit, and directors sell for all kinds of reasons — tax planning, diversification, a personal expense — that have nothing to do with their read on the company. Without a public statement from Cesar, there's no basis for assigning a motive. One thing worth noting: this wasn't a 10b5-1 plan sale. Plan sales are pre-scheduled and largely automatic, which strips out most of the signal. This was a straight open-market transaction, meaning Cesar made a deliberate choice to sell on May 5. That's a marginal uptick in significance compared to a plan sale — but the size of what he kept tempers it considerably. A director who expects the stock to move meaningfully lower typically doesn't leave nearly $1 million sitting in it. For investors watching PTEN, a single director selling 0.02% of outstanding shares isn't a reason to revisit the thesis. If insider activity is part of how you track sentiment, this one reads as background noise.

Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Patterson-UTI (PTEN - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Patterson-UTI currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for PTEN that show why this provider of onshore contract drilling services shows promise as a solid momentum pick.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For PTEN, shares are up 8.76% over the past week while the Zacks Oil and Gas - Drilling industry is up 8.08% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 31.52% compares favorably with the industry's 19.31% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Patterson-UTI have increased 53.71% over the past quarter, and have gained 116.69% in the last year. On the other hand, the S&P 500 has only moved 7.88% and 25.61%, respectively.

Investors should also pay attention to PTEN's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PTEN is currently averaging 8,648,309 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PTEN.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PTEN's consensus estimate, increasing from -$0.33 to -$0.21 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that PTEN is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Patterson-UTI on your short list.

A month has gone by since the last earnings report for Patterson-UTI (PTEN - Free Report) . Shares have added about 9.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Patterson-UTI due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Patterson-UTI Energy, Inc. before we dive into how investors and analysts have reacted as of late.

Patterson-UTI Energy Q1 Earnings & Revenues Beat EstimatesPatterson-UTI Energy reported a first-quarter 2026 adjusted net loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a 10-cent loss. However, the bottom line decreased from the year-ago quarter's breakeven result due to a decrease in operating income in its Drilling Services, Completion Services and Drilling Products segments.

Total revenues of $1.1 billion beat the Zacks Consensus Estimate by 3.1%. This was driven by higher-than-expected revenues from the Drilling Services and Completion Services segments. The Drilling Services and Completion Services segments reported revenues of $351.7 million and $679.6 million, which beat the consensus mark of $350 million and $37.1 million, respectively. However, the top line decreased about 12.8% year over year. This underperformance can be attributed to the decrease in year-over-year segment revenues.

PTEN’s board of directors declared a quarterly dividend of 10 cents per share, payable on June 15, 2026, to its common shareholders of record as of June 1.

Q1 Segmental PerformancesDrilling Services: Revenues in this segment totaled $351.7 million, down 14.8% from the prior-year quarter’s figure of $412.9 million, but beat our estimate of $350 million.

Operating income amounted to $44.3 million compared with $76.3 million in the first quarter of 2025. The figure beat our operating income estimate of $37.1 million.

Completion Services: This segment’s revenues of $679.6 million decreased about 11.3% from the year-ago quarter’s figure of $766.1 million. However, the metric beat our estimate of $644 million.

Operating loss totaled $20.7 million compared with a loss of $18.8 million in the first quarter of 2025 and was narrower than our estimate of $22.7 million.

Drilling Products: This segment’s revenues of $79.8 million decreased about 6.8% from the year-ago quarter’s figure of $85.7 million and missed our estimate of $82 million.

Operating profit totaled $5.1 million, compared with a profit of $6.7 million in the first quarter of 2025. The number also beat our operating profit estimate of $1.4 million.

Other Services: Revenues amounted to $6.2 million, down almost 61% from the year-ago quarter’s figure of $15.9 million, but beat our estimate of $4.8 million.

Operating profit amounted to $2.1 million against a profit of $0.2 million in the first quarter of 2025. The number also beat our estimate of an operating loss of $1 million.

Capital Expenditure & Financial PositionIn the reported quarter, PTEN spent $116.6 million on capital programs compared with $161.8 million in the prior-year period.

As of March 31, 2026, the company had cash and cash equivalents worth $337.2 million and long-term debt of $1.2 billion. Its debt-to-capitalization was 27.8%.

The company reported total operating costs and expenses of $1131.6 million compared with $1263.6 million in the first quarter of 2025.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 14.15% due to these changes.

VGM ScoresCurrently, Patterson-UTI has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Patterson-UTI has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

On May 27, 2026, Patterson-UTI Energy Inc PTEN shares fell 5.3% to a current price of $11.48. The stock has experienced a 52-week range from $5.10 to $13.08, showing significant volatility over the past year.

GF Value™ verdict: Current price is $11.48, which is 43.3% overvalued compared to a GF Value™ of $8.01.GF Score™ is 56/100, indicating an average performance relative to potential long-term returns.Most notable signal: Insiders sold $9.5M in shares over the last 3 months, with no buying activity. Is PTEN Overvalued or Undervalued? Patterson-UTI Energy Inc PTEN is currently trading at $11.48, which is significantly above its GF Value™ of $8.01. This indicates that the stock is overvalued by approximately 43.3%, suggesting a lack of margin of safety for potential investors. The GF Valuation label classifies PTEN as "Significantly Overvalued," which heightens the risk for current shareholders and potential buyers looking for undervalued opportunities.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current overvaluation, investors may face challenges as the stock price could be subject to downward corrections, especially in light of the lack of insider buying and high forward P/E ratio.

How Does PTEN's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)731.9x11.3x The current P/E ratio of 731.9x is drastically higher than its 5-year median P/E of 11.3x. This stark contrast indicates that PTEN is trading significantly above its historical valuation levels. The P/E analysis agrees with the GF Value™ verdict, reinforcing the conclusion that PTEN is overvalued at its current price point.

What Does PTEN's GF Score™ Tell Us? MetricRating GF Score™56 Financial Strength5/10 Profitability5/10 Growth2/10 Valuation3/10 Momentum3/10 The GF Score™ of 56/100 indicates an average performance, with notable weaknesses in Growth (2/10) and Valuation (3/10). Financial Strength and Profitability both receive a score of 5/10, suggesting that while PTEN has a stable financial footing, there are significant concerns regarding its growth potential and current valuation metrics. The overall scores highlight areas for concern that may deter long-term investment.

What Are Insiders Doing with PTEN Stock? Recent insider activity has shown that insiders sold $9.5M worth of shares in the last three months, with no recorded buying. This trend may suggest a lack of confidence in the stock’s future performance or a strategic decision to liquidate positions at current valuations. Such selling activity can be a warning sign for potential investors, as it may indicate that those closest to the company do not foresee significant upside in the near term.

What This Means for Investors Based on the analysis of the GF Value™, Patterson-UTI Energy Inc PTEN appears to be overvalued at its current price of $11.48. The significant gap between the current price and the GF Value™ of $8.01, coupled with negative insider activity and low growth metrics, presents substantial risks for potential investors.

For the complete analysis, visit the Patterson-UTI Energy Inc PTEN 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 PTEN's GF Score™?

PTEN has a GF Score™ of 56/100, indicating average performance relative to potential long-term returns based on various key factors.

Is PTEN overvalued or undervalued?

PTEN is currently overvalued, with a GF Value™ of $8.01 compared to its market price of $11.48, suggesting a significant premium is being paid for the stock.

What is PTEN's P/E ratio?

PTEN's current P/E ratio is 731.9x, which is substantially higher than its 5-year median P/E of 11.3x, indicating that the stock is trading well above its historical valuation norms.

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].

HOUSTON, TX / ACCESS Newswire / June 5, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2026, the Company had an average of 92 drilling rigs operating in the United States. For the two months ended May 31, 2026, the Company had an average of 90 drilling rigs operating in the United States.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract in the United States. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

About Patterson-UTI

Patterson-UTI is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. For more information, visit www.patenergy.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events. Words such as "anticipate," "believe," "budgeted," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "potential," "project," "pursue," "should," "strategy," "target," or "will," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding Patterson-UTI's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond Patterson-UTI's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: adverse oil and natural gas industry conditions; global economic conditions, including inflationary pressures and risks of economic downturns or recessions in the United States and elsewhere; volatility in customer spending and in oil and natural gas prices that could adversely affect demand for Patterson-UTI's services and their associated effect on rates; excess availability of land drilling rigs, pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for Patterson-UTI's services; the impact of the ongoing conflict in Ukraine; strength and financial resources of competitors; utilization, margins and planned capital expenditures; liabilities from operational risks for which Patterson-UTI does not have and receive full indemnification or insurance; operating hazards attendant to the oil and natural gas business; failure by customers to pay or satisfy their contractual obligations (particularly with respect to fixed-term contracts); the ability to realize backlog; specialization of methods, equipment and services and new technologies, including the ability to develop and obtain satisfactory returns from new technology; the ability to retain management and field personnel; loss of key customers; shortages, delays in delivery, and interruptions in supply, of equipment and materials; cybersecurity events; synergies, costs and financial and operating impacts of acquisitions; difficulty in building and deploying new equipment; governmental regulation; climate legislation, regulation and other related risks; environmental, social and governance practices, including the perception thereof; environmental risks and ability to satisfy future environmental costs; technology-related disputes; legal proceedings and actions by governmental or other regulatory agencies; the ability to effectively identify and enter new markets; public health crises, pandemics and epidemics; weather; operating costs; expansion and development trends of the oil and natural gas industry; ability to obtain insurance coverage on commercially reasonable terms; financial flexibility; interest rate volatility; adverse credit and equity market conditions; availability of capital and the ability to repay indebtedness when due; our return of capital to stockholders; stock price volatility; and compliance with covenants under Patterson-UTI's debt agreements.

Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in Patterson-UTI's SEC filings. Patterson-UTI's filings may be obtained by contacting Patterson-UTI or the SEC or through Patterson-UTI's website at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. Patterson-UTI undertakes no obligation to publicly update or revise any forward-looking statement.

Contact:
Michael Sabella
Vice President, Investor Relations
(281) 885-7589

SOURCE: Patterson-UTI Energy

Inflation isn't going away. The AI-fueled stock market boom is fading. Economic uncertainty is increasing. It's no wonder many investors are rotating out of expensive growth stocks and into companies with durable moats they can own for the long term.

Stocks with predictable cash flows, solid business models, and strong dividend track records can be found in multiple sectors. Here are three monster dividend stocks to hold for the next 10 years from the energy, utilities, and industrials sectors.

Image source: Getty Images.

1. Enterprise Products Partners Enterprise Products Partners (EPD 0.54%) ranks as one of the strongest midstream energy companies in North America. Few players have a larger integrated pipeline, storage, and export distribution networks as Enterprise.

Few pipeline stocks can match Enterprise Products Partners' distribution, either. The limited partnership (LP) has increased its distribution for 27 consecutive years. Its forward distribution yield currently stands at roughly 5.6%, a level below the average in recent years because Enterprise's unit price has soared.

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Enterprise Products Partners is largely insulated from inflation, with around 90% of its long-term contracts including price escalation provisions designed to offset inflation. Roughly 98% of the company's debt is fixed-rate. The midstream leader also doesn't have to worry about oil and gas price swings hurting its business, thanks to its fee-based revenue model. Enterprise has generated stable and growing cash flow through both good and bad periods for the energy sector.

Several long-term trends should work to Enterprise Products Partners' benefit, including booming exports of U.S. liquid natural gas (LNG) and rising domestic demand for natural gas to power AI data centers. This stock offers investors stability and income, along with steady growth, over the next decade.

2. Evergy Electric utility stocks tend to hold up well during economic downturns and volatile markets. That makes sense: Electricity demand is usually quite stable. Utility stocks have often been viewed as boring by many investors. That isn't the case anymore, at least not with one of my favorite utilities -- Evergy (EVRG +0.58%).

Evergy provides electric power to around 1.7 million customers in eastern Kansas and western Missouri. It has no competition in the areas it serves. Roughly half of the company's power comes from clean energy sources, including nuclear, wind, and solar.

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AI is the main reason Evergy isn't a boring utility stock. Kansas and Missouri provide financial incentives for companies building data centers. As a result, the region is a hotbed of AI infrastructure expansion. Evergy signed agreements with four data center projects in February 2026 and expects at least one more deal later this year. The company predicts that these and other large load customers "will drive significant load growth through 2030 and beyond."

Evergy expects to grow its adjusted earnings per share by more than 8% annually beginning in 2028, driven by AI-related demand. The company also pays an attractive dividend yield of 3.4%. It has increased the dividend for 23 consecutive years.

3. United Parcel Service United Parcel Service (UPS 1.02%) is probably the most familiar name of these three monster dividend stocks. The company is a global logistics leader that delivers an average of 20.8 million packages daily worldwide.

After booming during the COVID-19 pandemic, UPS' stock has performed dismally over the last few years, only to mount a strong comeback in the fourth quarter of 2025. That rebound's momentum evaporated in recent weeks, in part due to the conflict with Iran. However, I think UPS' long-term prospects look bright.

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The company is nearing the end of its period of reducing Amazon (NASDAQ: AMZN) shipment volume. Management views 2026 as an "inflection point" in its strategy to restructure UPS as a leaner, more agile business. UPS should also be more profitable as it adds higher margin shipments, such as healthcare logistics.

Is UPS' ultra-high 6.8% dividend yield in danger? I don't think so. The company should generate ample free cash flow to cover its dividend at least at current levels. This turnaround play could pay investors handsomely over the next 10 years.

Pre-Market Stock Futures: Futures are trading lower this morning, as many on Wall Street feel the temporary ceasefire may be just that. But what a difference a day can make. After it was announced that the U.S. and Iran had agreed to a Pakistan-brokered 14-day cease-fire, with some renewed traffic through the Strait of Hormuz, stocks took off and never looked back on Wednesday, as oil prices crumbled. When the closing bell finally rang, all of the major indices closed higher with the Dow Jones Industrials closing up 2.85% at 47,909, while the Nasdaq closed at 22,634, up 2.80%. The S&P 500 finished the session at 6,782, up 2.51%. The winner, and the index that has had the best year so far, the small-cap Russell 2000, was last seen at 2,620, up 2.97%. 

Treasury Bonds: For the second day in a row, yields were down across the entire Treasury curve, as buyers continued to snap up U.S government debt. Analysts cited ongoing safe-haven demand, despite the ceasefire, plus shifting sentiment for growth prospects for the rest of 2026. The 30-year-long bond was last seen at 4.88%, while the benchmark 10-year note closed at 4.29%.

Oil and Gas: Needless to say, the story of the day was plummeting oil prices as the ceasefire came just before the 8 PM deadline, and you can bet the short sellers were quickly covering after a massive rally that saw prices move to the highest levels since 2022 with the start of the Ukraine-Russia war. Brent Crude finished trading on Wednesday at $96.37, down a whopping 11.81%. West Texas Intermediate, which means the most to U.S. drivers and consumers, closed down a stunning 14.56% at $96.50. Natural gas was down 4.84% to close at  $2.73.

Gold: After a very volatile week and with more incoming data suggesting inflation is moving slowly higher, Gold finished a wild Wednesday up 0.20% at $4,718, while Silver was last seen up 1.56% at $74. 

Crypto: Crypto markets rallied strongly on Wednesday, with total market capitalization surging roughly 5% past $2.45 trillion. The move was driven by the announcement of a two-week U.S.-Iran ceasefire, which sent oil prices tumbling and triggered nearly $600 million in leveraged short liquidations. Bitcoin climbed to approximately $72,700 intraday while Ethereum rose 6% to $2,250 before settling back lower. Morgan Stanley’s new spot Bitcoin ETF (NYSEArca: MSBT) began trading with an expense ratio of 0.14%, the lowest in the market. At 8 AM EDT, Bitcoin is trading at $71,190, while Ethereum is quoted at $2,182.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, April 9, 2026.  

Upgrades: Alcoa Corp. (NYSE: AA | AA Price Prediction) was upgraded to Overweight from Equal Weight at Morgan Stanley, which lifted the target price to $80 from $64.  Datadog Inc. (NASDAQ: DDOG) was upgraded to Buy from Neutral at Guggenheim, with a $175 target price objective.  Instacart Inc. (NASDAQ: CART) was upgraded to Outperform from Market Perform at Raymond James, which has set a $50 target price.  Marvell Technology Inc. (NASDAQ: MRVL) was raised to Overweight from Equal Weight at Barclays, which boosted the target price to $150 from $105.  Texas Instruments Inc. (NYSE: TXN) was upgraded to Buy from Hold at Stifel, which raised the price target for the legacy tech giant to $250 from $215.  Downgrades: Bullish (NYSE: BLSH) was downgraded to Neutral from Buy at Rosenblatt, which has a $39 target price for the stock. Circle Internet Group Inc. (NYSE: CRCL) was downgraded to Sell from Neutral at Compass Point, which trimmed the target price for the shares to $77 from $79.  Conagra Brands Inc. (NYSE: CAG) was downgraded to Neutral from Outperform at BNP Paribas, which trimmed the target price for the stock to $16 from $19.  Hormel Foods Corp. (NYSE: HRL) was cut to Neutral from Overweight at JPMorgan, which dropped the price target to $23 from $28. W.R. Berkley Corp. (NYSE: WRB) was cut to Equal Weight from Overweight at Cantor Fitzgerald, which lowered the target price to $71 from $74.  Initiations: AppLovin Inc. (NASDAQ: APP) was initiated with an Outperform rating at Macquarie, with a massive $710 target price.  Cognizant Technology Solutions Corp.  (NASDAQ: CTSH) was started with a Neutral rating at Wedbush, with a $61 target price.  CoreWeave (NASDAQ: CRWV) was assumed with an Overweight rating at Cattor Fitzgerald, with a $149 target price for the shares.  Evergy Inc. (NASDAQ: EVRG) was started with a Buy rating at BTIG, which has a $99 target price.  Netflix Inc. (NASDAQ: NFLX) was assumed with an Overweight rating at Morgan Stanley, which bumped the target price for the shares to $115 from $110. 

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Key Takeaways Evergy gains from rising data center demand, signing four projects adding 1.9 GW peak load. EVRG plans $21.6B in 2026-2030 investments to boost grid, renewables, and rate base growth. Evergy faces risks from aging assets, outages, and regulatory hurdles in Kansas and Missouri. Evergy, Inc. (EVRG - Free Report) benefits from a rise in data center demand and customer expansion driven by economic growth in its service territory, boosting its financial performance. Strategic investments, acquisitions and joint ventures support renewable expansion and long-term growth.

This Zacks Rank #3 (Hold) company faces risks due to unplanned outages from aging assets.

EVRG’s TailwindsEvergy benefits from expanding its customer base, driven by economic development in its service territory, supporting its financial performance. The company increased its large-customer pipeline to more than 15 gigawatts (GW).

Evergy is aided by increasing electricity load growth from data center demand, enhancing revenue visibility and supporting stability. During first-quarter 2026, EVRG signed contracts for four major data center projects, adding two new facilities and expanding two existing sites. The project accounts for 1.9 GW of steady-state peak demand, representing about 20% system increase. The project is expected to add 1,300 MW in retail load growth through 2030. EVR expects load growth of nearly 2-3.5 GW from multiple customers.

The company expands its existing operations through joint ventures and strategic acquisitions, which creates long-term value. Evergy formed a joint venture with American Electric Power, named Transource Energy, LLC, to develop competitive electric transmission projects across the United States. The company holds a 13.5% ownership stake in the venture. Meanwhile, Evergy Missouri West acquired the Foxtrot solar facility assets, with operations expected to commence by summer 2027, supporting clean energy growth.

EVRG’s strategic capital investment for renewable expansion and infrastructure development supports grid modernization, improves operational efficiency and service reliability, thus boosting long-term growth. The company aims to make a $21.6 billion investment in 2026-2030, a 24% increase from its previous five-year plan, including more than $3 billion for new generation capacity. These Investments are expected to drive 11.5% rate base growth, with 6-8% long-term EPS growth target through 2030.

EVRG’s HeadwindsEVRG was formed through a merger; consequently, it inherited some aging properties that require maintenance on a regular basis. Despite maintenance, any unplanned outages of the old assets can result in service disruptions, increase operational expenses and disrupt operations.

Evergy’s performance largely depends on the outcome of retail rate proceedings in Kansas and Missouri. Failure to timely recover full investment costs of capital projects could have a material impact on the business.

Price Performance of EVRGIn the past three months, Evergy shares have rallied 11.1% compared with the industry’s 11.0% growth.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks in the same industry are CMS Energy Corporation (CMS - Free Report) , Duke Energy Corporation (DUK - Free Report) and FirstEnergy Corp. (FE - Free Report) . All stocks currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CMS, DUK and FE have dividend yields of 2.87%, 3.23% and 3.46%, respectively, which are better than the Zacks S&P 500 composite’s yield of 1.41%.

The Zacks Consensus Estimate for CMS Energy, Duke Energy and FirstEnergy’s 2026 EPS is pegged at $3.86, $6.70 and 2.73%, suggesting year-over-year growth of 6.93%, 6.18% and 7.06%, respectively.

Zacks' 7 Best Strong Buy Stocks (New Research Report) Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

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Published in utilities

Key Takeaways Evergy to report Q1 results on May 7; EPS seen at $0.63 (up 16.67%) and revenues at $1.41B (up 2.82%).Evergy demand tailwinds include service-area expansion and growing electricity needs from data centers.Evergy expects benefits from grid modernization, energy efficiency and cost optimization. Evergy, Inc. (EVRG - Free Report) is scheduled to release first-quarter 2026 results on May 7, before market open. The company delivered a negative earnings surprise of 26.32% in the last reported quarter.

Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.

EVRG’s Q1 ExpectationsThe Zacks Consensus Estimate for earnings is pegged at 63 cents per share, implying a year-over-year surge of 16.67%.

The consensus estimate for revenues is pinned at $1.41 billion, indicating an increase of 2.82% from the year-ago reported figure.

Factors Likely to Have Impacted EVRG's Q1 EarningsEvergy is likely to have benefited from economic expansion across its service areas, driving higher demand. Additionally, growing electricity needs from data centers are expected to have provided further support to its first-quarter earnings performance.

Evergy’s quarterly results are expected to reflect the positive impact of continued investments in grid modernization and enhanced service reliability. Earnings are also likely to have been supported by energy efficiency initiatives and ongoing cost optimization efforts.

Evergy is also expected to have benefited by maintaining affordable rates and high-quality services for its customers, which will result in customer and load growth.

What Our Quantitative Model Predicts for EVRGOur proven model does not conclusively predict an earnings beat for Evergy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below.

Stocks to ConsiderA couple of companies from the same sector with the right combination of the two factors for an earnings beat this season are PPL Corporation (PPL - Free Report) and SOLV Energy Inc. (MWH - Free Report) . PPL and MWH currently have a Zacks Rank #3 each. These companies’ Earnings ESP are pegged at +0.41% and +3.45%, respectively.

A stock from the same industry that reported positive earnings surprise this season is Dominion Energy (D - Free Report) , among others. The Zacks Consensus Estimate for 2026 and 2027 earnings per share for Dominion Energy indicates year-over-year growth of 4.94% and 6.21%, respectively.

May 7 (Reuters) - Utility Evergy (EVRG.O), opens new tab beat analysts' estimates for first-quarter adjusted profit on Thursday, helped by a recovery in regulated ​investments, stronger demand and higher large customer revenues.

U.S. ‌electricity demand hit record levels in 2025 and is expected to accelerate further as large technology firms ramp up power ​usage at fast-growing data centers, with some individual ​sites using as much energy as an entire ⁠city.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

"We continued to advance our large customer strategy in ​the first quarter and are pleased to announce the signing ​of an electric service agreement for a large customer project in our Kansas Central service territory," said CEO David Campbell.

U.S. utilities ​are seeking to raise customer power bills, mainly to ​pay for infrastructure upgrades, as the country's grids face an onslaught ‌of ⁠extreme weather and ballooning demand from electrification and data centers.

Evergy provides power to 1.7 million customers in Kansas and Missouri through its operating subsidiaries Evergy Kansas Central, ​Evergy Metro and ​Evergy Missouri ⁠West.

The company reaffirmed its 2026 adjusted earning per share forecast of $4.14 to $4.34 per share.

It ​expects annual adjusted profit per share growth ​to exceed ⁠8% beginning in 2028 and through 2030.

On an adjusted basis, Evergy reported a profit of 69 cents per share for ⁠the ​quarter ended March 31, beating ​analysts' estimate of 65 cents per share, according to data compiled by ​LSEG.

Reporting by Varun Sahay in Bengaluru; Editing by Shailesh Kuber

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

Key Takeaways EVRG Q1 operating EPS was 69 cents vs. 63 cents estimate, up from 55 cents in the year-ago quarter.EVRG revenues rose to $1.44B and beat estimates; fuel and purchased power and O&M expenses increased.EVRG interest expense rose 14.4% to $174.5M; long-term debt edged up to $13.15B, and cash slipped. Evergy, Inc. (EVRG - Free Report) reported first-quarter 2026 operating earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 63 cents by 9.5%. In the year-ago quarter, the company reported earnings of 55 cents.

EVRG’s Total RevenuesQuarterly revenues totaled $1.44 billion, which surpassed the Zacks Consensus Estimate of $1.41 billion by 2.2%. In the year-ago quarter, the company posted revenues of $1.37 billion.

Highlights of EVRG’s Earnings ReleaseFuel and purchased power totaled $360 billion for the year, up 1.3% from last year’s $355.3 billion.

Operating and maintenance expenses for the year amounted to $243.2 million, up 4.8% from last year’s $232 million.

Interest expenses totaled $174.5 million, up 14.4% year over year.

EVRG’s Financial UpdateCash and cash equivalents as of March 31, 2026 totaled $18.4 million compared with $19.8 million as of Dec. 31, 2025.

Long-term debt as of March 31, 2026 was $13.15 billion compared with $13.04 billion as of Dec. 31, 2025.

Cash provided by operating activities in the first three months of 2026 was $362.5 million compared with $449.6 million in the year-ago period.

EVRG’s GuidanceEvergy reaffirmed its 2026 adjusted EPS guidance in the range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.25, which is higher than the midpoint of the company’s guided range.

The company expects its adjusted EPS annual growth target of 6-8% through 2030.

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

Recent ReleasesPG&E Corporation (PCG - Free Report) reported first-quarter 2026 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 39 cents by 10.3%. The bottom line also increased 30.3% from the year-ago quarter’s figure of 33 cents.

PCG reported first-quarter total revenues of $6.88 billion, up 15% from $5.98 billion registered in the year-ago period. The top line also surpassed the Zacks Consensus Estimate of $6.46 billion by 6.6%.

Edison International (EIX - Free Report) reported first-quarter 2026 adjusted earnings of $1.42 per share, which outpaced the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.6% from $1.37 in the year-ago quarter.

Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line also increased 7.7% from the year-ago quarter’s figure of $3.81 billion.

CenterPoint Energy, Inc. (CNP - Free Report) reported first-quarter 2026 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate of 58 cents by 3.8%. However, the bottom line increased 5.7% from 53 cents in the year-ago quarter.

CNP generated revenues of $2.98 billion, which lagged the Zacks Consensus Estimate of $3.04 billion by 1.4%. However, the top line improved 2% from the year-ago reported figure of $2.92 billion.

Greif delivers industrial packaging and logistics solutions to global customers across sectors from chemicals to agriculture.

EVR Research LP established a new position in Greif (GEF +2.50%) during the fourth quarter, acquiring 175,000 shares in a trade estimated at $11.85 million based on quarterly average pricing, according to a February 17, 2026, SEC filing.

What happenedAccording to its SEC filing dated February 17, 2026, EVR Research LP initiated a new position in Greif by purchasing 175,000 shares. The estimated value of the acquired stake was $11.85 million, based on the average price during the quarter. The net position change for Greif in the portfolio was $11.85 million at quarter-end, a figure reflecting both the transaction and market price shifts.

This was a new position for EVR Research LP, now representing 6.39% of its 13F reportable assets under managementTop holdings after the filing:NYSE: DAN: $17.34 million (9.4% of AUM)NYSE: WKC: $17.34 million (9.4% of AUM)NYSE: CPS: $12.31 million (6.6% of AUM)NYSE:GEF: $11.85 million (6.4% of AUM)NYSE: MEC: $11.33 million (6.1% of AUM)As of Wednesday, shares of Greif were priced at $65.28, up 17% over the year and fairly in line with the S&P 500’s roughly 19% gain in the same period.Company overviewMetricValuePrice (as of Wednesday)$65.28Market Capitalization$3.7 billionRevenue (TTM)$5.4 billionNet Income (TTM)$190 millionCompany snapshotGreif produces and sells industrial packaging products, including steel, fiber, and plastic drums, intermediate bulk containers, containerboards, corrugated sheets, and manages timber properties.The firm generates revenue through the manufacturing and distribution of packaging solutions, as well as providing logistics, warehousing, and land management services.It serves a diversified customer base across chemicals, food and beverage, agriculture, automotive, building products, and related industrial sectors worldwide.Greif, Inc. is a global leader in industrial packaging with a vertically integrated model spanning packaging manufacturing, recycling, and timberland management. The company leverages its broad product portfolio and service offerings to address complex supply chain needs for major industrial customers. With a history dating back to 1877, Greif's scale, operational expertise, and focus on customer relationships underpin its competitive position in the packaging and containers industry.

What this transaction means for investorsEVR is clearly doubling down on real economy exposure with this move and others last quarter, including a similar buy of Ingevity stock. With multiple top holdings already tied to autos, materials, and industrial production, adding a packaging and logistics player reinforces a bullish thesis around demand across supply chains.

Greif’s business touches everything from chemicals to food and agriculture, which gives it a steady stream of demand tied less to consumer sentiment and more to production activity. That diversification tends to smooth out volatility, especially compared with more cyclical single-end market manufacturers. In its latest earnings report, the firm reported that net income increased to $176.6 million for the quarter, up from $6.6 million a year earlier. This was in part thanks to “meaningful” cost reductions in the quarter, according to CEO Ole Rosgaard.

Finally, the size of the new position also stands out. At more than 6% of assets, this is immediately one of the fund’s larger positions, suggesting that this is not just thematic exposure but a higher conviction addition.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

DELAWARE, Ohio, April 06, 2026 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it will report the company’s 2026 second quarter financial results after the market closes on Tuesday, April 28, 2026. A conference call will be held on Wednesday, April 29, 2026, at 8:30 a.m. ET to discuss the quarter results.

Greif will provide conference call slides in combination with the earnings press release. The conference call will include management’s prepared remarks and a question and answer session.

Participants may access the call using the following online registration link. Registrants will receive a confirmation containing dial in details and a unique conference call code for entry. Phone lines will open at 8:00 a.m. ET. A digital replay of the conference call will be available two hours following the call on the company’s web site at http://investor.greif.com.

Webcast Details
Title: Greif, Inc. Q2 2026 Earnings Conference Call
URL: https://edge.media-server.com/mmc/p/fovkfsi3/lan/en

About Greif

Founded in 1877, Greif is a global leader in performance packaging located in over 35 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world’s most demanding and fastest-growing industries. With a commitment to legendary customer service, operational excellence, and global sustainability, Greif packages life’s essentials – and creates lasting value for its colleagues, customers, and other stakeholders. Learn more about the company’s Customized Polymer, Sustainable Fiber, Durable Metal, and Innovative Closure Solutions at www.greif.com and follow Greif on Instagram and LinkedIn.

Contact:

Bill D’Onofrio
614-499-7233
[email protected]

DELAWARE, Ohio, April 28, 2026 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced fiscal second quarter 2026 results.

On June 30, 2025, we entered into a definitive agreement to divest our containerboard business, including our CorrChoice sheet feeder system (the “Containerboard Business”), in an all-cash transaction for $1.8 billion to Packaging Corporation of America. The transaction closed as of August 31, 2025. As a result, the Containerboard Business was presented as discontinued operations beginning in the third quarter of 2025. Unless otherwise noted, the discussions and disclosure tables throughout this press release relate only to our continuing operations.

Effective October 1, 2025, our Integrated Solutions reportable segment was renamed Innovative Closure Solutions. Additionally, activities related to the purchase and sale of recycled fiber and the production and sale of adhesives used in paperboard products, which were previously reported within the Integrated Solutions reportable segment, are now reported within the Sustainable Fiber Solutions reportable segment. Likewise, activities related to production and sale of complimentary packaging products and services such as paints, linings and filling, that are used in or relate to our steel products and were previously reported within the Integrated Solutions reportable segment, are now reported within the Durable Metal Solutions reportable segment.

Fiscal Second Quarter 2026 Financial Highlights:
(all current period results are compared to the second quarter of 2025 and both periods reflect only continuing operations unless otherwise noted)

Net income(1) decreased 32.3% to $12.6 million or $0.22 per diluted Class A share compared to net income of $18.6 million or $0.32 per diluted Class A share.Net income, excluding the impact of adjustments(2), increased 57.5% to $62.7 million or $1.10 per diluted Class A share compared to net income, excluding the impact of adjustments, of $39.8 million or $0.68 per diluted Class A share.Adjusted EBITDA(3) increased 7.5% to $156.8 million compared to Adjusted EBITDA of $145.9 million.Net cash provided by operating activities decreased by $5.8 million to a source of $116.6 million. Adjusted free cash flow(4) increased by $92.7 million to a source of $179.3 million. Adjusted free cash flow in the prior year includes contribution from the Containerboard Business and thus is not directly comparable to current year results.Total debt of $1,005.9 million decreased by $1,769.3 million primarily due to repayment of debt of approximately $1,864.0 million from the sales of the Containerboard Business and the timberlands business. Net debt(5) decreased by $1,802.7 million to $719.8 million. Our leverage ratio(6) decreased to 1.1x from 3.3x. Strategic Actions and Announcements

Achieved $75.0 million of run-rate cost optimization by the end of second quarter of fiscal 2026, which increased from the $65.0 million reported as of the end of the first quarter of fiscal 2026.Completed previously announced $150.0 million share repurchase program on April 15, 2026, repurchasing a final total of 1.8 million shares of Class A and 0.4 million shares of Class B.Refinanced long-term debt to 2031 through $500.0 million of Term Loans and $800.0 million of available capacity on a revolving line of credit. Debt secured at favorable rates given market volatility, with a quarter-to-date weighted-average interest rate of 3.14%.Completed 2026 Gallup Colleague Engagement Survey with over 98% participation and an aggregate score of 91st percentile which is world-class across manufacturing companies.Issued 17th Annual Sustainability Report available for review at https://www.greif.com/sustainability/. We encourage investors to review this report, which includes key milestones achieved in 2025 as well as an update on our progress towards our 2030 sustainability goals. Commentary from CEO Ole Rosgaard

“Greif delivered a resilient second quarter in a continued soft industrial environment. Demand remains subdued, and our results reflect the reality of the markets we serve. That said, we executed well on the factors within our control.

Adjusted EBITDA increased 7.5% with margin expansion, and we generated strong adjusted free cash flow of $179 million reflecting disciplined operations and a structurally stronger cash generation profile.

We have also significantly strengthened our financial position. At 1.1x leverage, our balance sheet provides flexibility to invest in the business, return capital to shareholders, and navigate ongoing uncertainty from a position of strength.

Our strategy remains consistent. We are building for organic growth through operational execution, commercial discipline, and continuous improvement, while complementing that with targeted tuck-in M&A, where we will remain selective and focused on value.

We are not yet seeing a demand inflection, and geopolitical developments, including the ongoing conflict in the Middle East, continue to weigh on industrial activity. As a result, we are taking a more conservative outlook and managing the business accordingly, with a focus on cost control, cash generation, and disciplined execution.

The actions we have taken over the past year are strengthening Greif structurally. We are a more focused, more resilient, and more cash-generative company, better positioned to outperform through the cycle.”

(1)Net income for the second quarter of 2026 includes a special charitable contribution recorded in SG&A expenses, which was allocated across the reporting segments and excluded from Adjusted EBITDA as part of other costs.(2)Adjustments that are excluded from net income and from earnings per diluted Class A share are acquisition and integration related costs, restructuring and other charges, non-cash asset impairment charges, non-cash pension settlement charges, debt extinguishment charges, (gain) loss on disposal of properties, plants and equipment, net, (gain) loss on disposal of businesses, net, and other costs.(3)Adjusted EBITDA is defined as net income, plus interest expense, net, plus non-cash pension settlement charges, plus debt extinguishment charges, plus other (income) expense, net, plus income tax (benefit) expense, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring and other charges, plus non-cash asset impairment charges, plus (gain) loss on disposal of properties, plants and equipment, net, plus (gain) loss on disposal of businesses, net, plus other costs.(4)Adjusted free cash flow is defined as net cash provided by operating activities, less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition and integration related costs, plus cash paid for integration related Enterprise Resource Planning (ERP) systems and equipment, plus cash paid for taxes related to Containerboard Business divestment, plus cash paid for taxes related to Soterra Assets divestment, plus cash paid for other nonrecurring costs. The cash flows from Containerboard Business have not been segregated and are included within the adjusted free cash flow for comparative period.(5)Net debt is defined as total debt less cash and cash equivalents.(6)Leverage ratio for the periods indicated is defined as adjusted net debt divided by trailing twelve month EBITDA, each as calculated under the terms of the Company's Third Amended and Restated Credit Agreement dated as of February 27, 2026, filed separately as Exhibit 10.1 to the Company's Current Report on Form 8-K on March 5, 2026 (the "2026 Credit Agreement"). As calculated under the 2026 Credit Agreement, adjusted net debt was $667.6 million and $2,472.4 as of March 31, 2026 and April 30, 2025 respectively, and trailing twelve month credit agreement EBITDA was $586.4 million and $750.2 as of March 31, 2026 and April 30, 2025, respectively.
Note: A reconciliation of the differences between all non-GAAP financial measures used in this release with the most directly comparable GAAP financial measures is included in the financial schedules that are a part of this release. These non-GAAP financial measures are intended to supplement, and should be read together with, our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on these non-GAAP financial measures.

Fiscal Second Quarter 2026 Segment Results:
(all current period results are compared to the second quarter of 2025 and both periods reflect only continuing operations unless otherwise noted)

Net sales are impacted mainly by the volume of products sold, selling prices and product mix, and the impact of changes in foreign currencies against the U.S. Dollar. The table below shows the percentage impact of each of these items on net sales for our primary products for the fiscal second quarter of 2026 as compared to the prior year quarter for the business segments indicated.

Net Sales Impact Customized Polymer Solutions Durable Metal Solutions Sustainable Fiber Solutions Innovative Closure SolutionsCurrency Translation 5.7% 7.8% 0.2% 7.5%Volume 1.5% (5.9)% (10.0)% (2.4)%Selling Prices and Product Mix (0.2)% 0.1% 1.6% 10.4%Total Impact 7.0% 2.0% (8.2)% 15.5%
Customized Polymer Solutions

Net sales increased by $22.3 million to $344.8 million primarily due to $18.3 million of positive foreign currency translation impacts and higher volumes.

Gross profit decreased by $2.7 million to $74.1 million. The decrease in gross profit was primarily due to higher raw material costs and higher manufacturing costs, partially offset by the same factors that impacted net sales.

Operating profit decreased by $15.3 million to $2.5 million primarily due to higher SG&A expenses and the same factors that impacted gross profit, partially offset by lower compensation expenses related to cost optimizations.

Adjusted EBITDA increased by $2.4 million to $45.8 million primarily due to the same factors that impacted net sales and lower compensation expenses related to cost optimizations.

Durable Metal Solutions

Net sales increased by $7.5 million to $380.4 million primarily due to primarily due to $29.0 million positive foreign currency translation impacts, partially offset by $22.0 million attributable to lower volumes.

Gross profit increased by $5.5 million to $89.3 million. The increase in gross profit was primarily due to the same factors that impacted net sales.

Operating profit decreased by $2.1 million to $39.0 million primarily due to higher SG&A expenses, partially offset by the same factors that impacted gross profit and lower compensation expenses related to cost optimizations.

Adjusted EBITDA increased by $11.6 million to $61.6 million primarily due to the same factors that impacted gross profit and lower compensation expenses related to cost optimizations.

Sustainable Fiber Solutions

Net sales decreased by $38.9 million to $321.8 million primarily due to $35.2 million attributable to lower volumes, and impacts from the Soterra Divestiture.

Gross profit decreased by $6.8 million to $71.3 million. The decrease in gross profit was primarily due to the same factors that impacted net sales, partially offset by lower raw material, transportation and manufacturing costs.

Operating loss increased by $8.0 million to $10.2 million primarily due to higher SG&A expenses and the same factors that impacted gross profit, partially offset by lower compensation expenses related to cost optimizations.

Adjusted EBITDA decreased by $5.5 million to $40.8 million primarily due to the same factors that impacted gross profit, partially offset by lower compensation expenses related to cost optimizations.

Innovative Closure Solutions

Net sales increased by $3.5 million to $25.8 million primarily due to higher average selling prices and positive foreign currency translation impact, partially offset by lower volumes.

Gross profit increased by $2.5 million to $12.3 million. The increase in gross profit was primarily due to the same factors that impacted net sales.

Operating profit increased by $0.1 million to $4.1 million primarily due to the same factors that impacted gross profit, partially offset by higher SG&A expenses.

Adjusted EBITDA increased by $2.4 million to $8.6 million primarily due to the same factors that impacted gross profit.

Tax Summary

During the second quarter, we recorded an income tax rate of 27.1 percent and a tax rate excluding the impact of adjustments of 25.5 percent. Income tax expense for interim periods is calculated using estimated annual effective tax rates applied to year to date earnings, which can result in quarter‑to‑quarter variability. For fiscal 2026, we expect our tax rate to range between 26.0 to 30.0 percent and our tax rate excluding adjustments to range between 28.0 to 32.0 percent.

Dividend Summary

On February 23, 2026, the Board of Directors declared quarterly cash dividends of $0.56 per share of Class A Common Stock and $0.84 per share of Class B Common Stock, resulting in a total dividend payment of approximately $31.9 million. Dividends were paid by April 1, 2026, to stockholders of record at the close of business on March 16, 2026.

Company Outlook

Our markets have now experienced a multi-year period of industrial contraction, and we have not identified any compelling demand inflection on the horizon. While we believe we are well positioned for an eventual recovery of the industrial economy, at this time we believe it is appropriate to continue to provide only low-end guidance based on the continuing demand trends reflected, both in the current year and in the past year, and current price/cost factors. As a result of current and anticipated consequences of the Middle East conflict, we have reduced our low-end annual Adjusted EBITDA guidance. Call-in details are provided below.

(in millions)Fiscal 2026 Low-End Guidance Estimate Reported at Q2Adjusted EBITDA$610Adjusted free cash flow$315
Note: Our fiscal 2026 low-end guidance estimates of Adjusted EBITDA and Adjusted free cash flow and our estimated tax rate and tax rate excluding the impact of adjustments contain forward-looking statements and actual results may differ materially as a result of known and unknown uncertainties and risks, including those set forth below under the heading “Forward-Looking Statements.” In addition, these forward-looking non-GAAP financial measures are presented on a non-GAAP basis without reconciliations to their most directly comparable GAAP financial measures, forecasted net income in the case of Adjusted EBITDA and forecasted net cash provided by operating activities in the case of Adjusted free cash flow, due to the inherent difficulty in projecting and quantifying the various adjusting items necessary for such reconciliations, such as gains or losses on the disposal of businesses or properties, plants and equipment, non-cash asset impairment charges due to unanticipated changes in the business, restructuring related activities, acquisition and integration related costs, debt extinguishment costs, stock-based compensation expense, amortization and depreciation expense, merger and acquisition activity, and other costs that have not yet occurred, are out of our control, or cannot be reasonably predicted. Accordingly, reconciliations of our guidance for Adjusted EBITDA and Adjusted free cash flow are not available without unreasonable effort.

Conference Call

The Company will host a conference call to discuss second quarter 2026 results on April 29, 2026, at 8:30 a.m. Eastern Time (ET). Participants may access the call using the following online registration link: https://register-conf.media-server.com/register/BI6b3185f6af284f9db540033cb9fee2dd. Registrants will receive a confirmation email containing dial in details and a unique conference call code for entry. Phone lines will open at 8:00 a.m. ET on April 29, 2026. A digital replay of the conference call will be available two hours following the call on the Company’s web site at http://investor.greif.com.

Investor Relations contact information

Bill D’Onofrio, Vice President, Corporate Development & Investor Relations, 614-499-7233. [email protected].

About Greif

Founded in 1877, Greif is a global leader in performance packaging located in 35 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world’s most demanding and fastest-growing industries. With a commitment to legendary customer service, operational excellence, and global sustainability, Greif packages life’s essentials – and creates lasting value for its colleagues, customers, and other stakeholders. Learn more about the company’s Customized Polymer, Sustainable Fiber, Durable Metal, and Innovative Closure Solutions at www.greif.com and follow Greif on Instagram and LinkedIn.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to management. Although the Company believes that the expectations reflected in forward-looking statements have a reasonable basis, the Company can give no assurance that these expectations will prove to be correct. Such forward-looking statements are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. 

Such risks and uncertainties that might cause a difference include, but are not limited to, the following: (i) historically, our business has been sensitive to changes in general economic or business conditions, (ii) our global operations subject us to political risks, instability and currency exchange that have affected and could continue to adversely affect our results of operations, including the impacts of ongoing conflicts such as with Iran, (iii) the current and future challenging global economy and disruption and volatility of the financial and credit markets may adversely affect our business and our access to financing and could delay or otherwise disrupt our share repurchase plan, (iv) the continuing consolidation of our customer base and suppliers may intensify pricing pressure, (v) we operate in highly competitive industries, (vi) our business is sensitive to changes in industry demands and customer preferences, (vii) raw material delays, shortages, price fluctuations, global supply chain disruptions and high inflation may adversely impact our results of operations, (viii) energy and transportation price fluctuations and shortages may adversely impact our manufacturing operations and costs, (ix) we may encounter difficulties or liabilities arising from acquisitions or divestitures, (x) we may incur additional rationalization costs and product dispositions and there is no guarantee that our efforts to reduce costs will be successful, (xi) several operations are conducted by joint ventures that we cannot operate solely for our benefit, (xii) certain of the agreements that govern our joint ventures provide our partners with put or call options, (xiii) our ability to attract, develop and retain talented and qualified employees, managers and executives is critical to our success, (xiv) our business may be adversely impacted by work stoppages and other labor relations matters, (xv) we may be subject to losses that might not be covered in whole or in part by existing insurance reserves or insurance coverage and general insurance premium and deductible increases, (xvi) our business depends on the uninterrupted operations of our facilities, systems and business functions, including our information technology (“IT”) and other business systems, (xvii) a cyber-attack, security breach of customer, employee, supplier or company information and data privacy risks and costs of compliance with new regulations may have a material adverse effect on our business, financial condition, results of operations and cash flows, (xviii) we have in the past been and in the future could be subject to changes in our tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, (xix) we have a significant amount of goodwill and long-lived assets which, if impaired in the future, would adversely impact our results of operations, (xx) changing climate, global climate change regulations and greenhouse gas effects may adversely affect our operations and financial performance, (xxi) we may be unable to achieve our greenhouse gas emission reduction target by 2030, (xxii) legislation/regulation related to environmental and health and safety matters could negatively impact our operations and financial performance, (xxiii) product liability claims and other legal proceedings could adversely affect our operations and financial performance, and (xxiv) we may incur fines or penalties, damage to our reputation or other adverse consequences if our employees, agents or business partners violate, or are alleged to have violated, anti-bribery, competition or other laws.

The risks described above are not all-inclusive, and given these and other possible risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For a detailed discussion of the most significant risks and uncertainties that could cause our actual results to differ materially from those forecasted, projected or anticipated, see “Risk Factors” in Part I, Item 1A of our most recently filed Form 10-K and our other filings with the Securities and Exchange Commission.

All forward-looking statements made in this news release are expressly qualified in their entirety by reference to such risk factors. Except to the limited extent required by applicable law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

GREIF, INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
UNAUDITED  Three months ended March 31, Six months ended March 31,(in millions, except per share amounts)  2026   2025   2026   2025 Net sales $1,072.8  $1,078.4  $2,067.6  $2,095.1 Cost of products sold  825.8   829.9   1,618.0   1,647.2 Gross profit  247.0   248.5   449.6   447.9 Selling, general and administrative expenses  191.7   159.9   337.8   320.1 Acquisition and integration related costs  1.4   1.3   2.1   4.1 Restructuring and other charges  15.7   9.1   29.9   12.4 Non-cash asset impairment charges  4.5   17.2   4.7   17.5 (Gain) loss on disposal of properties, plants and equipment, net  (1.7)  0.1   (217.4)  (2.3)(Gain) loss on disposal of businesses, net  —   0.2   0.5   1.3 Operating profit  35.4   60.7   292.0   94.8 Interest expense, net  10.0   15.5   19.7   31.4 Non-cash pension settlement charges  0.7   —   1.6   — Debt extinguishment charges  2.5   —   2.5   — Other (income) expense, net  0.4   0.2   4.8   1.1 Income from continuing operations before income tax (benefit) expense and equity earnings of unconsolidated affiliates, net  21.8   45.0   263.4   62.3 Income tax (benefit) expense  5.9   20.0   64.8   26.8 Equity earnings of unconsolidated affiliates, net of tax  (0.4)  (0.1)  (0.6)  (0.9)Net income from continuing operations  16.3   25.1   199.2   36.4 Net income (loss) from discontinued operations, net of tax  —   21.3   (2.0)  36.7 Net income  16.3   46.4   197.2   73.1 Net income attributable to noncontrolling interests  (3.7)  (6.5)  (10.0)  (11.2)Net income attributable to Greif, Inc. $12.6  $39.9  $187.2  $61.9 Basic earnings per share attributable to Greif, Inc. common shareholders:Class A common stock (continued operations) - basic $0.22  $0.32  $3.31  $0.44 Class A common stock (discontinued operations) - basic $—  $0.37  $(0.03) $0.63 Earnings per Class A common stock - basic $0.22  $0.69  $3.28  $1.07 Class B common stock (continued operations) - basic $0.33  $0.48  $4.95  $0.65 Class B common stock (discontinued operations) - basic $—  $0.55  $(0.05) $0.95 Earnings per Class B common stock - basic $0.33  $1.03  $4.90  $1.60 Diluted earnings per share attributable to Greif, Inc. common shareholders:Class A common stock (continued operations) - diluted $0.22  $0.32  $3.27  $0.44 Class A common stock (discontinued operations) - diluted $—  $0.37  $(0.03) $0.63 Earnings per Class A common stock - diluted $0.22  $0.69  $3.24  $1.07 Class B common stock (continued operations) - diluted $0.33  $0.48  $4.95  $0.65 Class B common stock (discontinued operations) - diluted $—  $0.55  $(0.05) $0.95 Earnings per Class B common stock - diluted $0.33  $1.03  $4.90  $1.60 Shares used to calculate basic earnings per share attributable to Greif, Inc. common shareholders:Class A common stock  24.7   26.1   25.2   26 Class B common stock  21.5   21.3   21.4   21.3 Shares used to calculate diluted earnings per share attributable to Greif, Inc. common shareholders:Class A common stock  24.7   26.1   25.6   26.0 Class B common stock  21.5   21.3   21.4   21.3  GREIF, INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED BALANCE SHEETS
UNAUDITED(in millions) March 31, 2026
 September 30, 2025
ASSETS      Current assets      Cash and cash equivalents $286.1  $256.7 Trade accounts receivable  707.1   655.3 Inventories  340.0   336.8 Current assets held for sale  18.4   21.8 Other current assets  212.2   159.8    1,563.8   1,430.4 Long-term assets      Goodwill  1,693.2   1,696.5 Intangible assets  794.0   840.9 Operating lease right-of-use assets  173.8   186.5 Noncurrent assets held for sale  —   233.5 Other long-term assets  243.8   243.8    2,904.8   3,201.2 Properties, plants and equipment  1,128.0   1,135.2   $5,596.6  $5,766.8 LIABILITIES AND EQUITY      Current liabilities      Accounts payable $500.9  $429.6 Short-term borrowings  292.2   287.7 Current portion of long-term debt  12.5   — Current portion of operating lease liabilities  40.3   43.9 Current liabilities held for sale  —   2.1 Other current liabilities  380.2   366.3    1,226.1   1,129.6 Long-term liabilities      Long-term debt  701.2   914.8 Operating lease liabilities  134.4   143.9 Other long-term liabilities  461.0   533.8    1,296.6   1,592.5        Redeemable noncontrolling interests  92.7   92.3 Equity      Total Greif, Inc. equity  2,942.2   2,914.9 Noncontrolling interests  39.0   37.5 Total equity  2,981.2   2,952.4   $5,596.6  $5,766.8  GREIF, INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS*
UNAUDITED  Three months ended March 31, Six months ended March 31,(in millions)  2026   2025   2026   2025 CASH FLOWS FROM OPERATING ACTIVITIES:        Net income $16.3  $46.4  $197.2  $73.1 Depreciation, depletion and amortization  57.2   66.4   117.5   133.9 Asset impairments  4.5   17.2   4.7   17.5 Pension settlement charges  0.7   —   1.6   — Deferred income tax expense (benefit)  (0.9)  (0.6)  (50.8)  (86.1)Gain on disposal of businesses, net  —   0.2   3.1   1.3 Gain (loss) on disposals of properties, plants and equipment, net  (1.7)  0.1   (217.4)  (2.3)Other non-cash adjustments to net income  55.5   14.3   67.0   25.7 Debt extinguishment charges  0.7   —   0.7   — Operating working capital changes  20.1   (30.6)  33.7   (23.4)Increase (decrease) in cash from changes in other assets and liabilities  (35.8)  9.0   (65.1)  (0.7)Net cash provided by (used in) operating activities  116.6   122.4   92.2   139.0 CASH FLOWS FROM INVESTING ACTIVITIES:        Acquisitions of companies, net of cash acquired  (5.3)  —   (5.3)  (1.2)Purchases of properties, plants and equipment  (56.8)  (38.6)  (89.8)  (81.3)Proceeds from the sale of properties, plant and equipment and businesses  2.5   2.4   463.4   5.5 Payments for deferred purchase price of acquisitions  —   —   (0.6)  (1.2)Proceeds from hedging derivatives  —   —   —   22.5 Other  (0.3)  (0.7)  (0.3)  (3.6)Net cash provided by (used in) investing activities  (59.9)  (36.9)  367.4   (59.3)CASH FLOWS FROM FINANCING ACTIVITIES:        Proceeds (payments) on long-term debt, net  64.3   (17.8)  (195.6)  33.1 Dividends paid to Greif, Inc. shareholders  (31.8)  (31.2)  (64.3)  (62.4)Payments for debt extinguishment and issuance costs  (2.8)  —   (2.8)  — Payments for share repurchases  (19.1)  —   (147.2)  — Tax withholding payments for stock-based awards  (9.8)  (7.4)  (9.8)  (7.4)Other  (1.4)  (4.6)  (10.6)  (18.0)Net cash provided by (used in) financing activities  (0.6)  (61.0)  (430.3)  (54.7)Effects of exchange rates on cash  (13.5)  34.0   0.1   1.9 Net increase (decrease) in cash and cash equivalents  42.6   58.5   29.4   26.9 Cash and cash equivalents, beginning of period  243.5   184.8   256.7   216.4 Cash and cash equivalents, end of period $286.1  $243.3  $286.1  $243.3 *Cash flows from Containerboard Business are included in the comparative period GREIF, INC. AND SUBSIDIARY COMPANIES
FINANCIAL HIGHLIGHTS BY SEGMENT
UNAUDITED  Three months ended March 31, Six months ended March 31,(in millions)  2026   2025   2026   2025 Net sales:         Customized Polymer Solutions $344.8  $322.5  $649.9  $616.9 Durable Metal Solutions  380.4   372.9   735.2   728.8 Sustainable Fiber Solutions  321.8   360.7   633.7   704.7 Innovative Closure Solutions(7)  25.8   22.3   48.8   44.7 Total net sales $1,072.8  $1,078.4  $2,067.6  $2,095.1 Gross profit:         Customized Polymer Solutions $74.1  $76.8  $131.9  $135.4 Durable Metal Solutions  89.3   83.8   160.0   152.8 Sustainable Fiber Solutions  71.3   78.1   136.5   142.4 Innovative Closure Solutions  12.3   9.8   21.2   17.3 Total gross profit $247.0  $248.5  $449.6  $447.9 Operating profit:         Customized Polymer Solutions $2.5  $17.8  $5.0  $18.9 Durable Metal Solutions  39.0   41.1   71.9   71.6 Sustainable Fiber Solutions  (10.2)  (2.2)  208.3   (1.1)Innovative Closure Solutions  4.1   4.0   6.8   5.4 Total operating profit $35.4  $60.7  $292.0  $94.8 Adjusted EBITDA(8):         Customized Polymer Solutions $45.8  $43.4  $81.3  $71.9 Durable Metal Solutions  61.6   50.0   107.4   86.8 Sustainable Fiber Solutions  40.8   46.3   77.4   75.8 Innovative Closure Solutions  8.6   6.2   13.2   10.2 Total Adjusted EBITDA $156.8  $145.9  $279.3  $244.7 (7) The Innovative Closure Solutions reportable segment’s total sales, including intersegment sales, was $45.4 million and $38.6 million for the second quarter of 2026 and 2025, respectively. Gross profit margin as a percentage of total sales was 27.1 percent and 25.4 percent for the second quarter of 2026 and 2025, respectively.
(8) Adjusted EBITDA is defined as net income, plus interest expense, net, plus other (income) expense, net, plus non-cash pension settlement charges, plus debt extinguishment charges, plus income tax (benefit) expense, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring and other charges, plus non-cash asset impairment charges, plus (gain) loss on disposal of properties, plants and equipment, net, plus (gain) loss on disposal of businesses, net, plus other costs. GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
SEGMENT ADJUSTED EBITDA(9)
UNAUDITED

  Three months ended March 31, 2026(in millions) Customized Polymer Solutions
 Durable Metal Solutions Sustainable Fiber Solutions Innovative Closure Solutions ConsolidatedOperating profit (loss)  2.5   39.0   (10.2)  4.1   35.4 Less: Equity earnings of unconsolidated affiliates, net of tax  —   —   —   (0.4)  (0.4)Plus: Depreciation and amortization expense  25.0   7.6   23.3   1.3   57.2 Plus: Acquisition and integration related costs  0.7   —   —   0.7   1.4 Plus: Restructuring and other charges  3.9   4.6   7.1   0.1   15.7 Plus: Non-cash asset impairment charges  —   —   4.5   —   4.5 Plus: (Gain) loss on disposal of properties, plants and equipment, net  0.4   (2.4)  0.3   —   (1.7)Plus: Other costs*  13.3   12.8   15.8   2.0   43.9 Adjusted EBITDA $45.8  $61.6  $40.8  $8.6  $156.8               Three months ended March 31, 2025(in millions) Customized Polymer Solutions
 Durable Metal Solutions Sustainable Fiber Solutions Innovative Closure Solutions ConsolidatedOperating profit (loss)  17.8   41.1   (2.2)  4.0   60.7 Less: Equity earnings of unconsolidated affiliates, net of tax  —   —   —   (0.1)  (0.1)Plus: Depreciation, depletion and amortization expense  22.9   7.0   25.7   1.5   57.1 Plus: Acquisition and integration related costs  1.3   —   —   —   1.3 Plus: Restructuring and other charges  0.6   0.7   7.6   0.2   9.1 Plus: Non-cash asset impairment charges  0.7   2.1   14.0   0.4   17.2 Plus: (Gain) loss on disposal of properties, plants and equipment, net  0.1   (1.1)  1.1   —   0.1 Plus: (Gain) loss on disposal of businesses, net  —   0.2   —   —   0.2 Plus: Other costs*  —   —   0.1   —   0.1 Adjusted EBITDA $43.4  $50.0  $46.3  $6.2  $145.9 *includes fiscal year-end change costs, share-based compensation impact of disposals of businesses and special charitable contribution expenses   Six months ended March 31, 2026(in millions) Customized Polymer Solutions
 Durable Metal Solutions Sustainable Fiber Solutions Integrated Solutions ConsolidatedOperating profit  5.0   71.9   208.3   6.8  292.0 Less: Equity earnings of unconsolidated affiliates, net of tax  —   —   —   (0.6) (0.6)Plus: Depreciation and amortization expense  52.9   15.2   46.7   2.7  117.5 Plus: Acquisition and integration related costs  1.4   —   —   0.7  2.1 Plus: Restructuring and other charges  6.2   8.4   15.1   0.2  29.9 Plus: Non-cash asset impairment charges  —   —   4.7   —  4.7 Plus: (Gain) loss on disposal of properties, plants and equipment, net  0.4   (2.5)  (215.3)  —  (217.4)Plus: (Gain) loss on disposal of businesses, net  0.5   —   —   —  0.5 Plus: Other costs*  14.9   14.4   17.9   2.2  49.4 Adjusted EBITDA $81.3  $107.4  $77.4  $13.2  279.3               Six months ended March 31, 2025(in millions) Customized Polymer Solutions
 Durable Metal Solutions Sustainable Fiber Solutions Integrated Solutions ConsolidatedOperating profit (loss)  18.9   71.6   (1.1)  5.4  94.8 Less: Equity earnings of unconsolidated affiliates, net of tax  —   —   —   (0.9) (0.9)Plus: Depreciation, depletion and amortization expense  45.9   14.2   52.3   3.2  115.6 Plus: Acquisition and integration related costs  4.1   —   —   —  4.1 Plus: Restructuring and other charges  1.7   1.4   9.0   0.3  12.4 Plus: Non-cash asset impairment charges  1.0   2.1   14.0   0.4  17.5 Plus: (Gain) loss on disposal of properties, plants and equipment, net  0.2   (3.9)  1.4   —  (2.3)Plus: (Gain) loss on disposal of businesses, net  —   1.3   —   —  1.3 Plus: Other costs*  0.1   0.1   0.2   —  0.4 Adjusted EBITDA $71.9  $86.8  $75.8  $10.2  244.7 *includes fiscal year-end change costs, share-based compensation impact of disposals of businesses and special charitable contribution expenses
(9)Adjusted EBITDA is defined as net income, plus interest expense, net, plus non-cash pension settlement charges, plus debt extinguishment charges, plus other (income) expense, net, plus income tax (benefit) expense, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring and other charges, plus non-cash asset impairment charges, plus (gain) loss on disposal of properties, plants and equipment, net, plus (gain) loss on disposal of businesses, net, plus other costs. However, because the Company does not calculate net income by segment, this table calculates Adjusted EBITDA by segment with reference to operating profit by segment, which, as demonstrated in the table of consolidated Adjusted EBITDA, is another method to achieve the same result.
GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
CONSOLIDATED ADJUSTED EBITDA
UNAUDITED  Three months ended March 31, Six months ended March 31,(in millions)  2026   2025   2026   2025 Net income $16.3  $25.1  $199.2  $36.4 Plus: Interest expense, net  10.0   15.5   19.7   31.4 Plus: Non-cash pension settlement charges  0.7   —   1.6   — Plus: Debt extinguishment charges  2.5   —   2.5   — Plus: Other (income) expense, net  0.4   0.2   4.8   1.1 Plus: Income tax (benefit) expense  5.9   20.0   64.8   26.8 Plus: Equity earnings of unconsolidated affiliates, net of tax  (0.4)  (0.1)  (0.6)  (0.9)Operating profit $35.4  $60.7  $292.0  $94.8 Less: Equity earnings of unconsolidated affiliates, net of tax  (0.4)  (0.1)  (0.6)  (0.9)Plus: Depreciation, depletion and amortization expense  57.2   57.1   117.5   115.6 Plus: Acquisition and integration related costs  1.4   1.3   2.1   4.1 Plus: Restructuring and other charges  15.7   9.1   29.9   12.4 Plus: Non-cash asset impairment charges  4.5   17.2   4.7   17.5 Plus: (Gain) loss on disposal of properties, plants and equipment, net  (1.7)  0.1   (217.4)  (2.3)Plus: (Gain) loss on disposal of businesses, net  —   0.2   0.5   1.3 Plus: Other costs*  43.9   0.1   49.4   0.4 Adjusted EBITDA $156.8  $145.9  $279.3  $244.7 *includes fiscal year-end change costs, share-based compensation impact of disposals of businesses and special charitable contribution expenses GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
ADJUSTED FREE CASH FLOW(10)
UNAUDITED  Three months ended March 31, Six months ended March 31,(in millions)  2026   2025   2026   2025 Net cash provided by (used in) operating activities $116.6  $122.4  $92.2  $139.0 Cash paid for purchases of properties, plants and equipment  (56.8)  (38.6)  (89.8)  (81.3)Free cash flow $59.8  $83.8  $2.4  $57.7 Cash paid for acquisition and integration related costs  1.4   1.2   2.1   2.9 Cash paid for integration related ERP systems and equipment(11)  3.7   1.5   5.7   2.5 Cash paid for taxes related to Containerboard Business divestment  —   —   13.7   — Cash paid for taxes related to Soterra Assets divestment  100.0   —   100.0   — Cash paid for other nonrecurring costs(12)  14.4   0.1   14.4   0.1 Adjusted free cash flow $179.3  $86.6  $138.3  $63.2 (10) Adjusted free cash flow is defined as net cash provided by operating activities, less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition and integration related costs, plus cash paid for integration related ERP systems and equipment, plus cash paid for taxes related to Containerboard Business divestment, plus cash paid for taxes related to Soterra Assets divestment, plus cash paid for other nonrecurring costs. The cash flows from Containerboard Business are included within adjusted free cash flow for the comparative period.
(11) Cash paid for integration related ERP systems and equipment is defined as cash paid for ERP systems and equipment required to bring the acquired facilities to Greif’s standards.
(12) Cash paid for other nonrecurring costs is defined as cash paid for fiscal year-end change costs, cost optimization and debt issuance costs. GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
NET INCOME, CLASS A EARNINGS PER SHARE AND TAX RATE EXCLUDING ADJUSTMENTS
UNAUDITED(in millions, except for per share amounts) Income before Income Tax (Benefit) Expense and Equity Earnings of Unconsolidated Affiliates, net Income Tax (Benefit) Expense Equity Earnings Non-Controlling Interest
 Net Income (Loss) Attributable to Greif, Inc. Diluted Class A Earnings Per Share Tax RateThree months ended March 31, 2026 $21.8  $5.9  $(0.4) $3.7  $12.6  $0.22  27.1%Acquisition and integration related costs  1.4   0.4   —   —   1.0   0.02   Restructuring and other charges  15.7   3.8   —   0.2   11.7   0.21   Non-cash asset impairment charges  4.5   1.1   —   —   3.4   0.06   (Gain) loss on disposal of properties, plants and equipment, net  (1.7)  (0.3)  —   —   (1.4)  (0.02)  Non-cash pension settlement charges  0.7   0.2   —   —   0.5   0.01   Debt extinguishment charges  2.5   0.6   —   —   1.9   0.03   Other costs*  43.9   10.9   —   —   33.0   0.57   Excluding adjustments $88.8  $22.6  $(0.4) $3.9  $62.7  $1.10  25.5%                Three months ended March 31, 2025 $45.0  $20.0  $(0.1) $6.5  $18.6  $0.32  44.4%Acquisition and integration related costs  1.3   0.3   —   —   1.0   0.02   Restructuring and other charges  9.1   2.2   —   —   6.9   0.12   Non-cash asset impairment charges  17.2   4.2   —   —   13.0   0.22   (Gain) loss on disposal of properties, plants and equipment, net  0.1   0.1   —   —   —   —   (Gain) loss on disposal of businesses, net  0.2   —   —   —   0.2   —   Other costs*  0.1   —   —   —   0.1   —   Excluding adjustments $73.0  $26.8  $(0.1) $6.5  $39.8  $0.68  36.7%                Six months ended March 31, 2026 $263.4  $64.8  $(0.6) $10.0  $189.2  $3.27  24.6%Acquisition and integration related costs  2.1   0.5   —   —   1.6   0.03   Restructuring and other charges  29.9   7.2   —   0.2   22.5   0.38   Non-cash asset impairment charges  4.7   1.2   —   —   3.5   0.06   (Gain) loss on disposal of properties, plants and equipment, net  (217.4)  (49.4)  —   —   (168.0)  (2.88)  (Gain) loss on disposal of businesses, net  0.5   0.2   —   —   0.3   0.01   Non-cash pension settlement charges  1.6   0.4   —   —   1.2   0.02   Debt extinguishment charges  2.5   0.6   —   —   1.9   0.03   Other costs*  49.4   12.2   —   —   37.2   0.64   Excluding adjustments $136.7  $37.7  $(0.6) $10.2  $89.4  $1.56  27.6%                Six months ended March 31, 2025 $62.3  $26.8  $(0.9) $11.2  $25.2  $0.44  43.0%Acquisition and integration related costs  4.1   1.0   —   —   3.1   0.05   Restructuring and other charges  12.4   3.0   —   —   9.4   0.16   Non-cash asset impairment charges  17.5   4.3   —   —   13.2   0.23   (Gain) loss on disposal of properties, plants and equipment, net  (2.3)  (0.5)  —   —   (1.8)  (0.02)  (Gain) loss on disposal of businesses, net  1.3   0.3   —   —   1.0   0.02   Other costs*  0.4   0.1   —   —   0.3   —   Excluding adjustments $95.7  $35.0  $(0.9) $11.2  $50.4  $0.88  36.6%*includes fiscal year-end change costs, share-based compensation impact of disposals of businesses and special charitable contribution expenses
The income‑tax effects of the non‑GAAP reconciling adjustments are calculated using the applicable statutory tax rate for each relevant jurisdiction and may include both current and deferred components, determined in a manner consistent with the nature of each adjustment. Non‑GAAP reconciling adjustments are presented on a gross (pre‑tax) basis, and the related income‑tax effects of those adjustments are disclosed separately from other tax items (e.g., discrete tax benefits or expenses). When a tax item could be viewed as both a discrete tax item and related to a non‑GAAP reconciling adjustment, the Company classifies the item in a single category for the period and does not double‑count the impact.

GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
NET DEBT
UNAUDITED(in millions) March 31, 2026 April 30, 2025Total debt $1,005.9  $2,775.2 Cash and cash equivalents  (286.1)  (252.7)Net debt $719.8  $2,522.5  GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
LEVERAGE RATIO
UNAUDITED

Trailing twelve month Credit Agreement EBITDA
(in millions) Trailing Twelve Months Ended 3/31/2026 Trailing Twelve Months Ended 4/30/2025(13)Net income $1,013.1  $238.1 Plus: Interest expense, net  83.5   153.1 Plus: Non-cash pension settlement charge  1.6   — Plus: Debt extinguishment charges  2.5   — Plus: Other (income) expense  11.7   1.6 Plus: Income tax (benefit) expense  467.7   86.0 Plus: Equity earnings of unconsolidated affiliates, net of tax  0.6   (2.7)Operating profit $1,580.7  $476.1 Less: Equity earnings of unconsolidated affiliates, net of tax  0.6   (2.7)Plus: Depreciation, depletion and amortization expense  243.7   268.0 Plus: Acquisition and integration related costs  6.2   8.6 Plus: Restructuring and other charges  82.8   23.8 Plus: Non-cash asset impairment charges  25.4   25.3 Plus: (Gain) loss on disposal of properties, plants and equipment, net  (224.6)  (6.9)Plus: (Gain) loss on disposal of businesses, net  (1,092.9)  (44.6)Plus: Other costs*  78.7   3.7 Adjusted EBITDA $699.4  $756.7 Credit Agreement adjustments to EBITDA(14)  (113.0)  (6.5)Credit Agreement EBITDA $586.4  $750.2      Adjusted net debt
(in millions) For the Period Ended 3/31/2026 For the Period Ended 4/30/2025Total debt $1,005.9  $2,775.2 Cash and cash equivalents  (286.1)  (252.7)Net debt $719.8  $2,522.5 Credit Agreement adjustments to debt(15)  (52.2)  (50.1)Adjusted net debt $667.6  $2,472.4      Leverage ratio(16)  1.1x  3.3x*includes fiscal year-end change costs, share-based compensation impact of disposals of businesses and special charitable contribution expenses
(13) Represents trailing twelve months amounts as filed in the prior year quarter ended April 30, 2025.
(14) Adjustments to EBITDA are specified by the 2026 Credit Agreement and include certain equity earnings of unconsolidated affiliates, net of tax, certain acquisition savings, deferred financing costs, capitalized interest, income and expense in connection with asset dispositions, and other items.
(15) Adjustments to net debt are specified by the 2026 Credit Agreement and include the European accounts receivable program, letters of credit, and balances for swap contracts and other items.
(16) Leverage ratio is defined as Credit Agreement adjusted net debt divided by Credit Agreement adjusted EBITDA.

DELAWARE, Ohio, June 02, 2026 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.62 per share on its Class A Common Stock, and $0.93 per share on its Class B Common Stock.

"As part of our disciplined and balanced capital allocation framework, our Board has approved a 10.7% increase to our quarterly dividend," said Larry Hilsheimer, Greif’s Executive Vice President and Chief Financial Officer. "This increase reflects the continued strength of our free cash flow generation, the significant progress we have made strengthening our balance sheet, and our confidence in Greif’s long-term earnings power. We remain committed to a disciplined capital allocation approach which includes maintaining leverage below 2.0x, investing in high-return organic growth opportunities, executing opportunistic share repurchases, and returning cash to shareholders through dividends."

Dividends are payable on July 1, 2026, to stockholders of record at the close of business on June 17, 2026.

About Greif

Founded in 1877, Greif is a global leader in performance packaging located in 35 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world’s most demanding and fastest-growing industries. With a commitment to legendary customer service, operational excellence, and global sustainability, Greif packages life’s essentials – and creates lasting value for its colleagues, customers, and other stakeholders. Learn more about the company’s Customized Polymer, Sustainable Fiber, Durable Metal, and Innovative Closure Solutions at www.greif.com and follow Greif on Instagram and LinkedIn.

Concerning Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other statements about future expectations, prospects, estimates and other matters that are dependent upon future events or developments. These forward-looking statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results, trends or guidance and statements of outlook. All forward-looking statements are based on assumptions, expectations and other information currently available to management. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. Greif is subject to additional risks and uncertainties described in its Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. Except to the extent required by applicable law, Greif undertakes no obligation to update or revise any forward-looking statement.

Contact:

Bill D’Onofrio
614-499-7233
[email protected]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Comfort Systems (FIX - Free Report) .

Comfort Systems currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.

Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations.

Brokerage Recommendation Trends for FIX

Check price target & stock forecast for Comfort Systems here>>>

While the ABR calls for buying Comfort Systems, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is FIX Worth Investing In?Looking at the earnings estimate revisions for Comfort Systems, the Zacks Consensus Estimate for the current year has increased 16.5% over the past month to $42.74.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Comfort Systems. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Comfort Systems may serve as a useful guide for investors.

On May 28, 2026, we present a DCF analysis for Comfort Systems USA Inc FIX , a company that has shown remarkable price performance over the past year. The stock has appreciated significantly, with a year-to-date increase of 100.2% and a staggering 285.5% rise over the past year. Here are some key highlights from our analysis:

DCF Earnings-based intrinsic value of $2668.99 compared to the current price of $1867.09, indicating a margin of safety of -68.3%. DCF Free Cash Flow (FCF)-based intrinsic value of $1223.22, providing a second opinion on valuation. GF Score™ of 86/100, suggesting a high reliability of the DCF inputs. What Is FIX Worth? DCF Earnings-Based Model The DCF earnings-based model employs a two-stage approach to estimate the intrinsic value of Comfort Systems USA Inc. In the first stage, we project the company's earnings growth over the next ten years, followed by a terminal phase where growth stabilizes. Below are the key assumptions used in our model:

Parameter Value Current EPS (TTM, excl. non-recurring) $35.50 10-Year Growth Rate 33.2% 10-Year Treasury Rate 4.49% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage, we expect the EPS to grow at a rate of 33.2% per year for the next ten years, which is then discounted at a rate of 11%. The calculated value for this growth stage is $1105.81 per share. In the second stage, we assume a terminal growth rate of 4% for the following ten years, also discounted at 11%, leading to a terminal stage value of $1563.18 per share. The summary of our calculations is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 33.2%, discounted at 11% $1105.81 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $1563.18 Intrinsic Value Growth + Terminal $2668.99 Comparing the current price of $1867.09 with our intrinsic value of $2668.99, we find that the stock is modestly overvalued, with a margin of safety of -68.3%. It is important to note that GuruFocus uses EPS excluding non-recurring items because research indicates that stock prices correlate more closely with earnings than with free cash flow. For further details, you can access the FIX DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for Comfort Systems USA Inc is calculated at $1223.22. When we compare this with the earnings-based intrinsic value of $2668.99, we see a divergence in the two models. Both models indicate that the stock is modestly overvalued, with the FCF-based model showing a margin of safety of -52.6%.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Comfort Systems USA Inc is calculated at $655.39, providing a third perspective on the company's valuation. GF Value™ is GuruFocus' proprietary measure derived from historical trading multiples, past business growth, and future performance estimates. When we consider all three models—DCF earnings, DCF FCF, and GF Value™—there is a consensus that the stock is overvalued. For more information, visit the GF Value™ page.

What Does FIX's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been shown to generate higher long-term returns based on backtesting from 2006 to 2021. Below is a summary of FIX's GF Score™:

Metric Rating GF Score™ 86/100 Financial Strength 9/10 Profitability 10/10 Growth 10/10 Valuation 1/10 Momentum 6/10 The predictability rank for FIX is 1 out of 5 stars, indicating that the DCF model may be less reliable for this stock. For more details, visit the FIX stock page.

Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as FIX, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future economic conditions accurately.

What This Means for Investors In synthesizing the results from the three valuation models—DCF earnings, DCF FCF, and GF Value™—it is clear that Comfort Systems USA Inc is currently overvalued. The DCF earnings model suggests a significant discrepancy between intrinsic value and market price, while the FCF model supports this view. The GF Value™ further corroborates the overvaluation perspective.

For the full DCF analysis, visit the FIX DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

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

Answer: earnings-based $1109.35, FCF-based $1223.22

Is FIX overvalued or undervalued?

Answer: Both DCF and GF Value™ indicate that FIX is overvalued.

How reliable is the DCF model for FIX?

Answer: The predictability rank of 1/5 suggests that the DCF model is less reliable for FIX.

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].

Comfort Systems USA rated BUY with a $2,150 12-month price target, leveraging a recent 14% correction as an attractive entry into a secular growth story. FIX's growth is underpinned by surging AI data center construction and US manufacturing reshoring, with technology clients now 56% of Q1 2026 revenues. Revenues surged 29.5% in 2025 and 56% YoY in Q1 2026, with gross margins expanding to 24.1% and a record $12.5Bn backlog driven by strong order intake.

Comfort Systems USA, Inc. FIX is riding one of the strongest growth waves in its history, but its increasing reliance on technology customers raises an important question: could concentration risk eventually become a concern? The company delivered an exceptional first quarter of 2026, with revenues soaring 56% year over year to $2.87 billion and earnings per share more than doubling to $10.51.