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New offering analyzes 163 genes linked to more than 100 medically actionable conditions Includes genetic counseling support to help consumers understand results and take informed next steps Consumers can now access biomarker and hereditary genetic testing from a single source through Labcorp OnDemand , /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced the launch of Marker by Labcorp™ Genetic Health Panel, a new offering designed to help consumers better understand inherited risks associated with more than 100 medically actionable health conditions. Available through Labcorp OnDemand, the panel analyzes 163 genes associated with hereditary cancer, cardiovascular conditions and metabolic conditions and includes access to licensed genetic counselors to help consumers understand their results and discuss appropriate next steps. The Marker by Labcorp Genetic Health Panel is backed by Labcorp's established expertise in clinical genetic testing through Labcorp Genetics and its Invitae genetic testing capabilities.

Photo courtesy of Labcorp Bridging Consumer Access and Clinical Genetics
Many people carry inherited genetic variants without knowing it. Research shows nearly one in six adults who undergo genetic testing discover a variant linked to a serious and medically actionable health condition. Family health history can provide important clues about inherited risk, but many people have incomplete or unavailable information about their relatives' health.

The Marker by Labcorp Genetic Health Panel was developed to help address this gap by combining clinical genetic testing, specimen collection and genetic counseling into a single consumer healthcare experience.

"Genetic information can play an important role in identifying health risks before symptoms appear, yet millions of people are unaware they carry an inherited genetic variant associated with an increased risk of serious disease," said Dr. Leslie Saltzman, vice president of consumer health solutions at Labcorp. "The Marker by Labcorp Genetic Health Panel expands access to genetic health insights by combining genetic testing, genetic counseling support and Labcorp's genetics expertise into a single, convenient healthcare experience. Consumers can now access both biomarker and genetic testing through Labcorp OnDemand from a single source, supporting a more comprehensive approach to understanding their health."

How the Testing Process Works
Consumers can purchase the Marker by Labcorp Genetic Health Panel directly through Labcorp OnDemand and schedule a blood draw at one of Labcorp's more than 2,200 patient service centers nationwide. Specimen collection is performed by a trained phlebotomist, after which samples are sent to Labcorp laboratories for analysis.

Results are delivered through Labcorp's secure patient portal and MyLabcorp™, the company's AI-powered mobile platform, where consumers can view their genetic health report alongside other available Labcorp test results. A comprehensive report includes any identified findings, educational resources tailored to individual results, and access to a licensed genetic counselor who can help interpret results, answer questions and discuss appropriate next steps.i Consumers may also share their results with healthcare providers to support further discussions or decisions about their care.

Marker by Labcorp expands the testing options available through Labcorp OnDemand, connecting consumers to both biomarker and hereditary genetic testing through a single trusted source.

The Marker by Labcorp Genetic Health Panel will be available through Labcorp OnDemand beginning August 3, 2026. To learn more, visit https://www.ondemand.labcorp.com/.

About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's nearly 71,000 employees serve clients in approximately 100 countries, provided support for more than 85% of the new drugs and therapeutic products approved by the FDA in 2025 and performed more than 750 million tests for patients around the world. Learn more at www.labcorp.com.

i Results are not diagnostic and should be considered together with a person's medical history, family history and other risk factors.

SOURCE Labcorp

Study substantially exceeded enrollment target of 500 patients

Topline results anticipated in Q1 2027

THE WOODLANDS, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced that randomization of patients has been completed in the pivotal Phase 3 “SOtaglifloziN in Patients with SymptomATic obstructive And non-obstructive Hypertrophic CardioMyopathy (SONATA-HCM)” clinical trial evaluating sotagliflozin in patients with non-obstructive (nHCM) and obstructive (oHCM) hypertrophic cardiomyopathy.

The study substantially exceeded its enrollment target of 500 patients across more than 130 sites in 20 countries. The primary efficacy endpoint will assess improvement in symptoms for the entire population (nHCM and oHCM). The final study population included a substantial majority of patients with non-obstructive HCM, providing a robust opportunity to evaluate sotagliflozin in a patient group for whom effective treatment options remain limited, as well as a meaningful cohort of patients with obstructive HCM. Lexicon believes the final study population will enable a thorough assessment of sotagliflozin's potential across the spectrum of symptomatic HCM. Topline results are anticipated in the first quarter of 2027.

“Completion of patient enrollment in SONATA-HCM marks an important milestone for patients living with the symptoms of HCM, a chronic, progressive disease,” said Craig Granowitz, M.D., Ph.D., Lexicon’s senior vice president and chief medical officer. “We believe that sotagliflozin, a dual SGLT1 and SGLT2 inhibitor with a unique mechanism of action as compared to currently available treatments, has the potential to be a differentiated option for symptomatic HCM patients. We look forward to sharing topline results in the first quarter of 2027.”

SONATA-HCM is the only ongoing Phase 3 study in both non-obstructive and obstructive HCM and is the largest Phase 3 study including both nHCM and oHCM to date. SONATA-HCM is a randomized, double-blind, placebo-controlled, multinational trial that is evaluating the efficacy of sotagliflozin on symptoms, function, and other patient-reported outcomes, as well as safety, in patients with symptomatic HCM. The primary efficacy endpoint is improvement in symptoms, as measured by change from baseline to week 26 in the Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ CSS). Patients with symptomatic HCM on a stable dose of guideline-directed therapy for HCM, including cardiac myosin inhibitors, were permitted to enroll in the study depending on certain criteria.

“For patients living with hypertrophic cardiomyopathy, there remains a significant need for additional treatment options that can help address persistent symptoms and improve daily function,” said Sharlene M. Day, M.D., co-principal investigator for SONATA-HCM, Presidential Professor, Director of Translational Research of the Penn Cardiovascular Institute, University of Pennsylvania. “Having a well-tolerated medication with a distinct mechanism of action that can complement other therapies would be an important advance for physicians and patients.”

“Completing enrollment in SONATA-HCM is a major achievement for the HCM community and reflects the commitment of investigators, study teams and participants,” said Carolyn Y. Ho, M.D., co-principal investigator for SONATA-HCM, Professor of Medicine at Harvard Medical School and Medical Director of the Cardiovascular Genetics Center at Brigham and Women’s Hospital. “We are grateful to the patients involved in this trial, whose partnership is essential to advancing research and hopefully bringing a novel treatment option to people living with HCM.”

About Sotagliflozin
Discovered using Lexicon’s unique approach to gene science, sotagliflozin is an oral inhibitor of two proteins responsible for glucose regulation known as sodium-glucose cotransporter types 2 and 1 (SGLT2 and SGLT1). SGLT2 is responsible for glucose and sodium reabsorption by the kidney and SGLT1 is responsible for glucose and sodium absorption in the gastrointestinal tract. Sotagliflozin has been studied in multiple patient populations encompassing heart failure, diabetes, and chronic kidney disease in clinical studies involving approximately 20,000 patients. Sotagliflozin is also currently under investigation for hypertrophic cardiomyopathy (HCM).

About Lexicon Pharmaceuticals
Lexicon is a biopharmaceutical company with a mission of pioneering medicines that transform patients’ lives. Lexicon has a pipeline of drug candidates in discovery, preclinical, and clinical development in neuropathic pain, hypertrophic cardiomyopathy (HCM), obesity and metabolic disorders, and other cardiometabolic indications. For additional information, please visit www.lexpharma.com.

Safe Harbor Statement
This press release contains “forward-looking statements,” including statements relating to the research, development and therapeutic and commercial potential of sotagliflozin in hypertrophic cardiomyopathy. In addition, this press release may also contain forward-looking statements relating to Lexicon’s financial position and long-term outlook on its business, including the commercialization of its approved products and the clinical development of, regulatory filings for, and potential therapeutic and commercial potential of its other drug candidates. In addition, this press release also contains forward looking statements relating to Lexicon’s growth and future operating results, discovery, development and commercialization of products, strategic alliances and intellectual property, as well as other matters that are not historical facts or information. All forward-looking statements are based on management’s current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including Lexicon’s ability to meet its capital requirements, successfully commercialize its approved products, successfully conduct preclinical and clinical development and obtain necessary regulatory approvals of its other drug candidates on its anticipated timelines, achieve its operational objectives, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its approved products and other drug candidates. Any of these risks, uncertainties and other factors may cause Lexicon’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. Information identifying such important factors is contained under “Risk Factors” in Lexicon’s annual report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission. Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For Media Inquiries:
Dave Belian
Lexicon Pharmaceuticals, Inc.
[email protected]

For Investor Inquiries:
Lisa DeFrancesco
Lexicon Pharmaceuticals, Inc.
[email protected]

Company Reduces Shipment Guidance, Raises Cost Expectations

, /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announced preliminary financial results for the second quarter ending June 30, 2026. The company plans to release its definitive second quarter financial results on August 7, 2026.

(millions, except per share)

Three months ended

Jun. 30, 2026

Net loss

($12.3)

Net loss per diluted share

($0.96)

Adjusted EBITDA(1)

$25.6

Tons of coal sold

3.5

__________________________________

1. This is a non-GAAP financial measure. A reconciliation of Net loss to Adjusted EBITDA is included in tables accompanying the financial schedules.

"Today we are providing an early look at our financial results for the second quarter, which included lighter-than-expected shipment volumes," said Andy Eidson, Alpha's chief executive officer. "Based on our first half performance, continued met coal market weakness, and the previously announced equipment damage at Dominion Terminal Associates (DTA), we are reducing our expected sales volumes for the year. As a result of lower tonnage and higher supplies and maintenance costs, we are raising our cost of coal sales guidance to reflect these challenges. While the wind-related equipment damage at DTA is unfortunate, we are grateful to the terminal leaders who have worked safely and resourcefully to keep the terminal operational at its best possible efficiency given the circumstances. We expect to provide more information about our plans at DTA when we announce our definitive Q2 financial results on August 7."

Preliminary Financial Performance

Alpha expects to report a net loss of $12.3 million, or $0.96 per diluted share, for the second quarter 2026.

For the second quarter, total Adjusted EBITDA was $25.6 million. 

Coal Revenues

(millions)

Three months ended

Jun. 30, 2026

Met segment

$491.5

Met segment (excl. freight & handling)(1)

$421.3

Tons Sold

(millions)

Three months ended

Jun. 30, 2026

Met segment

3.5

__________________________________

1. Represents Non-GAAP coal revenues which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Coal Sales Realization(1)

(per ton)

Three months ended

Jun. 30, 2026

Met segment

$118.71

__________________________________

1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Second quarter net realized pricing for the Met segment was $118.71 per ton.

The table below provides a breakdown of our Met segment coal sold in the second quarter by pricing mechanism.

(in millions, except per ton data)

Met Segment Sales

Three months ended Jun. 30, 2026

Tons Sold

Coal Revenues

Realization/ton(1)

% of Met Tons Sold

Domestic

0.9

$124.8

$134.37

30 %

Export - Australian indexed

0.7

$98.5

$143.82

22 %

Export - other pricing mechanisms

1.5

$162.9

$109.08

48 %

Total Met coal revenues

3.1

$386.2

$124.30

100 %

Thermal coal revenues

0.4

$35.1

$79.36

Total Met segment coal revenues (excl. freight & handling)(1)

3.5

$421.3

$118.71

__________________________________

1. Represents Non-GAAP coal sales realization which is defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Cost of Coal Sales

(in millions, except per ton data)

Three months ended

Jun. 30, 2026

Met segment

$443.7

Met segment (excl. freight & handling/idle)(1)

$365.8

(per ton)

Met segment(1)

$103.07

__________________________________

1. Represents Non-GAAP cost of coal sales and Non-GAAP cost of coal sales per ton which are defined and reconciled under "Non-GAAP Financial Measures" and "Results of Operations."

Liquidity and Capital Resources

As of June 30, 2026, the company had total liquidity of $447.8 million, including cash and cash equivalents of $307.6 million, short-term investments of $30.9 million, and $184.3 million of unused availability under the asset-based revolving credit facility (ABL), partially offset by a minimum required liquidity of $75.0 million as required by the ABL. As of June 30, 2026, the company had no borrowings and $40.7 million in letters of credit outstanding under the ABL. Total long-term debt, including the current portion of long-term debt as of June 30, 2026, was $11.4 million.

Share Repurchase Program

As previously announced, Alpha's board of directors authorized a share repurchase program allowing for the expenditure of up to $1.5 billion for the repurchase of the company's common stock. As of June 30, 2026, the company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion since the start of the program. During the second quarter of 2026, the company spent approximately $13.5 million for the repurchase of roughly 69,000 shares. The number of common stock shares outstanding as of June 30, 2026 was 12,685,495, not including the potential effect of unvested equity awards.

The timing and amount of share repurchases will be based on various factors, including but not limited to market conditions, the trading price of the stock, applicable legal requirements, compliance with the provisions of the company's debt agreements, and other factors.

2026 Guidance Adjustments

Alpha is lowering its 2026 metallurgical coal sales volume guidance to a range of 13.2 million to 14.0 million tons, down from the prior range of 14.4 million to 15.4 million tons. The company is increasing incidental thermal coal sales volume guidance to a range of 1.0 million to 1.4 million tons, up from the prior range of 0.7 million to 1.1 million tons. This brings total shipment expectations for the year to a range of 14.2 million to 15.4 million tons, down from 15.1 million to 16.5 million tons.

The company is increasing its cost of coal sales guidance to $103.00 to $107.00, up from the prior range of $95.00 to $101.00 per ton.

An update on operational performance and percentages of committed and priced tonnage at the midpoint of guidance will be announced alongside Alpha's definitive second quarter financial results on August 7, 2026.

Note About Preliminary Results

The financial results presented in this release are preliminary and may change. This preliminary financial information includes calculations or figures that have been prepared internally by management. There can be no assurance that the Company's actual results for the periods presented herein will not differ from the preliminary financial results presented herein, and such changes could be material. These preliminary financial results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and are not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of the Company's financial closing procedures, final adjustments, and other developments.

Earnings Announcement and Conference Call 

The company plans to announce its definitive second quarter 2026 financial results before the market opens on Friday, August 7, 2026. The company also expects to hold a conference call regarding its second quarter 2026 results on August 7, 2026, at 10:00 a.m. Eastern time. The conference call will be available live on the investor section of the company's website at https://alphametresources.com/investors. Analysts who would like to participate in the conference call should dial 877-407-0832 (domestic toll-free) or 201-689-8433 (international) approximately 15 minutes prior to start time.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry. For more information, visit www.AlphaMetResources.com. 

Forward-Looking Statements

This news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur. See Alpha's filings with the U.S. Securities and Exchange Commission for more information.

FINANCIAL TABLES FOLLOW

Non-GAAP Financial Measures

The discussion below contains "non-GAAP financial measures." These are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with generally accepted accounting principles in the United States ("U.S. GAAP" or "GAAP"). Specifically, we make use of the non-GAAP financial measures "Adjusted EBITDA," "non-GAAP coal revenues," "non-GAAP coal sales realization per ton," "non-GAAP cost of coal sales," "non-GAAP cost of coal sales per ton," "non-GAAP coal margin," and "non-GAAP coal margin per ton." In addition to net income (loss), we use Adjusted EBITDA to measure the operating performance of our reportable segment. Adjusted EBITDA does not purport to be an alternative to net income (loss) as a measure of operating performance or any other measure of operating results, financial performance, or liquidity presented in accordance with GAAP. Moreover, this measure is not calculated identically by all companies and therefore may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is presented because management believes it is a useful indicator of the financial performance of our coal operations. We use non-GAAP coal revenues to present coal revenues generated, excluding freight and handling fulfillment revenues. Non-GAAP coal sales realization per ton is calculated as non-GAAP coal revenues divided by tons sold. We use non-GAAP cost of coal sales to adjust cost of coal sales to remove freight and handling costs, depreciation, depletion and amortization - production (excluding the depreciation, depletion and amortization related to selling, general and administrative functions), accretion on asset retirement obligations, amortization of acquired intangibles, and idled and closed mine costs. Non-GAAP cost of coal sales per ton is calculated as non-GAAP cost of coal sales divided by tons sold. Non-GAAP coal margin is calculated as non-GAAP coal revenues less non-GAAP cost of coal sales. Non-GAAP coal margin per ton is calculated as non-GAAP coal margin divided by tons sold. The presentation of these measures should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP.

Management uses non-GAAP financial measures to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. The definition of these non-GAAP measures may be changed periodically by management to adjust for significant items important to an understanding of operating trends and to adjust for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Furthermore, analogous measures are used by industry analysts to evaluate our operating performance. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate, capital investments and other factors.

Included below are reconciliations of non-GAAP financial measures to GAAP financial measures.

ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES

PRELIMINARY ADJUSTED EBITDA RECONCILIATION

(Amounts in thousands)

Three Months Ended

June 30, 2026

Net loss

$             (12,252)

Interest expense

962

Interest income

(2,919)

Income tax benefit

(6,595)

Depreciation, depletion, and amortization

36,044

Non-cash stock compensation expense

4,236

Accretion on asset retirement obligations

5,214

Amortization of acquired intangibles

876

Adjusted EBITDA

$              25,566

ALPHA METALLURGICAL RESOURCES, INC. AND SUBSIDIARIES

PRELIMINARY RESULTS OF OPERATIONS

Three Months Ended

(In thousands, except for per ton data)

June 30, 2026

Coal revenues

$                  491,505

Less: freight and handling fulfillment revenues

(70,220)

Non-GAAP coal revenues

$                  421,285

Non-GAAP coal sales realization per ton

$                    118.71

Cost of coal sales (exclusive of items shown separately below)

$                  443,663

Depreciation, depletion and amortization - production (1)

35,750

Accretion on asset retirement obligations

5,214

Amortization of acquired intangibles

876

Total cost of coal sales

$                  485,503

Less: freight and handling costs

(70,220)

Less: depreciation, depletion and amortization - production (1)

(35,750)

Less: accretion on asset retirement obligations

(5,214)

Less: amortization of acquired intangibles

(876)

Less: idled and closed mine costs

(7,654)

Non-GAAP cost of coal sales

$                  365,789

Non-GAAP cost of coal sales per ton

$                    103.07

GAAP coal margin

$                      6,002

GAAP coal margin per ton

$                        1.69

Non-GAAP coal margin

$                    55,496

Non-GAAP coal margin per ton

$                      15.64

Tons sold

3,549

(1)

Depreciation, depletion and amortization - production excludes the depreciation, depletion and amortization related to selling, general and administrative functions.

Three Months Ended June 30, 2026

(In thousands, except for per ton data)

Tons Sold

Coal Revenues

Non-GAAP
Coal sales
realization per
ton

% of Met Tons Sold

Domestic

929

$    124,829

$      134.37

30 %

Export - Australian indexed

685

98,516

$      143.82

22 %

Export - other pricing mechanisms

1,493

162,863

$      109.08

48 %

Total Met segment - met coal

3,107

386,208

$      124.30

100 %

Met segment - thermal coal

442

35,077

$        79.36

Non-GAAP coal revenues

3,549

421,285

$      118.71

Add: freight and handling fulfillment revenues

—

70,220

Coal revenues

3,549

$    491,505

INVESTOR & MEDIA CONTACT: EMILY O'QUINN
[email protected]
[email protected]
(423) 573-0369

SOURCE ALPHA METALLURGICAL RESOURCES, INC.

Planned Investments to Scale NAVER’s Initial Multi-Tenant NVIDIA DSX AI Factory to 200 Megawatts by 2028, Fueling Next Generation of Korea and US AI Innovators

News Summary:

NAVER, NVIDIA and Brookfield plan to invest in gigawatt-scale, multi-tenant AI cloud infrastructure to power the next generation of AI companies in Korea and the U.S.NAVER and NVIDIA team plan to expand the initial NVIDIA DSX AI factory buildout at GAK Sejong data center from 55 megawatts to 200 megawatts by 2028.NAVER plans to continue its path toward gigawatt-scale sovereign AI infrastructure, deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure for enterprises, industries and government. SAN FRANCISCO, July 27, 2026 (GLOBE NEWSWIRE) -- AI Summit -- NAVER, NVIDIA and Brookfield today announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial NVIDIA® DSX™ AI factory deployment to 200 megawatts — more than tripling the 55-megawatt buildout announced last month. NAVER intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion marks a significant acceleration of Korea’s national AI ambitions. The expanded infrastructure will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea.

NVIDIA plans to invest $1 billion into NAVER Corp. and Brookfield plans to fund up to $9 billion for AI infrastructure. NAVER will fund the remaining amounts to finance the project. NVIDIA’s planned investment is subject to customary closing conditions. The expanded infrastructure will provide Korea- and U.S.-based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

“NVIDIA’s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI factory business into a robust execution phase,” said Haejin Lee, founder and chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Korea’s AI competitiveness.”

“The partnership will combine Brookfield’s global AI infrastructure investment capabilities, NAVER’s full-stack AI and data center operating expertise, and NVIDIA’s accelerated computing platform to advance Korea’s AI capabilities,” said Sikander Rashid, global head of AI infrastructure at Brookfield. “As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.”

“AI factories are the infrastructure nations need to compete and innovate in the intelligence era,” said Jensen Huang, founder and CEO of NVIDIA. “Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries. This is how nations and companies are building their futures in the age of AI.”

Expanding AI Factory Capacity to Fuel AI Innovators

The 200-megawatt AI factory is expected to feature advanced NVIDIA AI infrastructure including the NVIDIA Vera Rubin and NVIDIA Blackwell platforms. It intends to establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale. As an NVIDIA Cloud Partner, NAVER provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform.

Today’s proposed expansion builds on the June announcement in which NAVER committed to extending its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure to serve Korea’s enterprises, industries, government organizations and global AI cloud customers.

Brookfield Investments Scale AI Infrastructure Deployments

Brookfield has established one of the industry’s leading AI infrastructure investment platforms, with approximately $100 billion of assets under management across the AI infrastructure value chain including data centers, compute, semiconductor manufacturing and dedicated power generation.

The planned NAVER investment will mark another significant milestone in Brookfield’s strategic partnership with NVIDIA. Building on NVIDIA’s participation as a founding partner in the Brookfield Global AI Infrastructure Program, the planned investment combines Brookfield’s capital and AI infrastructure and power expertise with NVIDIA’s accelerated computing platform to support the deployment of large-scale AI factories.

Brookfield has been an active, long-term investor in Korea since establishing a presence in the country in 2014 across infrastructure, real estate and energy.

NVIDIA DSX Platform Powers Expansion

The NVIDIA DSX platform provides an end-to-end, codesigned stack for AI factories — spanning chips, systems, software, facilities and partner technologies — purpose-built to minimize token cost and accelerate time to first production.

NVIDIA DSX MaxLPS™ software maximizes token throughput per megawatt, while NVIDIA DSX OS™ provides lifecycle management, health automation, resiliency and multi-tenant AI factory management across the expanded infrastructure.

Open Models Accelerate Growth

In addition, the expanded infrastructure builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea's largest Internet company and one of the world's top tech companies. Leading cutting-edge technologies, NAVER operates No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

About Brookfield

Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of operating experience and a global presence in over 30 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly traded in New York and Toronto.

For more information, please visit our website at http://www.brookfield.com.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Corporate Communications
NVIDIA Corporation
[email protected]

Hyeyeon Jang
NAVER PR
[email protected]

Simon Maine
Brookfield
+44 739 890 9278
[email protected]

Catherine Woods
Brookfield
+61 477 320 333
[email protected]

NVIDIA Forward-Looking Statements

Certain statements in this press release including, but not limited to, statements as to: together, NAVER, Brookfield and NVIDIA building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries; expectations with respect to NVIDIA’s partnership with NAVER and Brookfield; expectations with respect to demand, growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DSX, DSX MaxLPS, DSX OS, NemoClaw, Nemotron, NVIDIA Cosmos are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

NAVER Forward-Looking Statements

This press release contains forward-looking statements regarding the NAVER’s future plans, outlook, and initiatives, as of the date of this release. Actual results and outcomes may differ materially depending on future changes in market conditions and business circumstances.

Brookfield Cautionary Statement

This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the impact of the partnership on Brookfield, NAVER and NVIDIA and the expected benefits of Brookfield’s investment.

Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

North America’s largest natural gas producer will become leading gas marketer, reaching customers across key demand markets in the United States and CanadaTransaction will accelerate Expand’s marketing and commercial ambitions, combining industry-leading natural gas supply with sophisticated and experienced asset-backed gas marketing capabilities Immediately accretive transaction, initially expected to contribute more than $200 million of projected annual EBITDA; $150 million per year of synergies by year-end 2028
SPRING, Texas and HOUSTON, July 27, 2026 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand” or the “Company”), the largest natural gas producer in North America, announced today that it has entered into a definitive merger agreement to acquire Twin Eagle Holdings, N.A., LLC (“Twin Eagle”), a leading private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The transaction is subject to typical purchase price adjustments, including working capital, and is expected to close in the third quarter of 2026, pending customary closing conditions and required regulatory approvals. The Company expects to fund the transaction through a combination of cash on hand and borrowings under its revolving credit facility.

The transaction unites Expand’s industry-leading supply and financial strength with Twin Eagle’s premier physical marketing platform, creating a fully integrated natural gas company positioned to capture value across the entire chain in key U.S. and Canadian markets. Twin Eagle’s earnings are primarily supported by recurring physical supply and delivery relationships, asset-backed portfolio optimization, and experienced commercial, logistics and operating capabilities, consistently delivering earnings growth across a wide range of market conditions.

“This transaction accelerates Expand’s evolution into a leading integrated natural gas company with a commercial and marketing advantage compared to peers,” said Michael Wichterich, Expand Energy’s Interim President and Chief Executive Officer. “We’re already North America’s largest natural gas producer, and now we’ll be its leading gas marketer, with direct access to customers and structural demand growth. By combining Expand’s scale, resource depth and financial strength with Twin Eagle’s marketing and optimization platform, we’ll capture additional margin across the natural gas value chain and deliver more durable shareholder returns.”

Founded in 2010, Twin Eagle has established itself as one of the leading independent natural gas and power marketers in North America. Its business spans wholesale marketing, asset management, structuring and analytics, logistics and market intelligence.

“This is an exciting day for Twin Eagle, our employees and our customers,” said Jeremy Davis, Twin Eagle’s President and Chief Executive Officer. “This powerful combination pairs Expand’s enviable financial position and large, lower-cost natural gas supply with the talented team and marketing platform we have spent the past 16 years developing. We thank Five Point Infrastructure for their partnership and vision over the last dozen years. Together, with our new partner, we can create additional value in ways neither company could have accomplished on its own.”

“We saw a tremendous opportunity to partner with Twin Eagle management to expand its platform and capitalize on the growing demand for North American gas,” said David Capobianco, CEO and Managing Partner of Five Point Infrastructure. “Twin Eagle has generated exceptional returns for all stakeholders, while solidifying its standing as one of the leading independent asset-backed natural gas marketing and optimization platforms. We wish Jeremy and the team all the best as they move forward in partnership with Expand.”

Today, Twin Eagle markets more than 5 billion cubic feet per day (Bcf/d) of natural gas and manages roughly 44 Bcf of storage capacity and approximately 2 Bcf/d of firm transportation. It serves more than 1,000 customers across a diversified footprint spanning the U.S. and Canada. On a pro forma basis, the combined portfolio will have approximately 14 Bcf/d of marketed volume supported by roughly 9 Bcf/d of firm transportation and 49 Bcf of storage capacity.

The combination does more than add scale, it will enhance how Expand creates value by:

Accelerating the Company’s Marketing and Commercial strategy. The Company now expects to deliver $750 million per year of incremental free cash flow from its marketing and commercial strategy. This is an increase of 50% from its previous target, reflecting the value of the new integrated platform and the repeatable earnings of Twin Eagle. Expanding customer and market reach to capture greater value from every molecule. The acquisition will broaden access to premium demand centers across the U.S. and Canada, reaching approximately 90% of the natural gas market. The combined production, transportation and storage capacity will enable the Company offer additional reliability and flexibility to respond to customers’ needs and provide optimization opportunities. Leveraging scale and financial strength. Expand’s diversified portfolio and financial strength will elevate Twin Eagle’s asset-backed natural gas marketing and optimization business, enabling the combined business to extend contract terms, attract additional high-quality customers, and reach high-value markets. Adding experienced team with highly successful track record. Since its inception, Twin Eagle has consistently grown cash flows by leveraging its natural gas market expertise and effective risk management. Following the close of the merger, Twin Eagle will become a wholly-owned subsidiary of Expand, with key members of Twin Eagle’s management, including Jeremy Davis, continuing with the Company after closing.
Advisors
PJT Partners is serving as exclusive financial advisor to Expand Energy in connection with its acquisition of Twin Eagle. White & Case, LLP served as legal counsel and DrivePath Advisors served as communications advisor to Expand. Lazard is serving as financial advisor for Twin Eagle, Latham & Watkins LLP is serving as the lead legal counsel for Twin Eagle and Kekst CNC served as communications advisor to Five Point Infrastructure.

About Expand Energy
Expand Energy Corporation (NASDAQ: EXE) is North America’s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength and operational excellence. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.

About Twin Eagle
Founded in 2010, Twin Eagle is a leading physical energy marketer. Today, Twin Eagle is a recognized leader in customized and reliable energy products and services to suppliers, customers, and asset owners across the U.S. and Canada. The basis for Twin Eagle’s success is the depth of its customer relationships, the capabilities of its talented staff, and emphasis on culture, grounded by its Core Values: Safety, Integrity, Performance, Learning, and Teamwork.

About Five Point Infrastructure
Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American water management, surface management, powered land, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Headquartered in Houston, Texas, Five Point has approximately $7.2 billion of assets under management across multiple investment funds. For more information, please visit www.fpinfra.com.

Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include our current expectations or forecasts of future events, including statements regarding the proposed transaction with Twin Eagle, including the expected closing of the proposed transaction and the timing thereof, expected synergies, EBITDA and free cash flow contributions from the proposed transaction, the acceleration of Expand Energy’s marketing and commercial ambitions and the operations, strategies and plans of the combined company, and anticipated future performance. Information adjusted for the proposed transaction should not be considered a forecast of future results. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as "aim", "predict", "should", "expect," “could,” “may,” "anticipate," "intend," "plan," “ability,” "believe," "seek," "see," "will," "would," “estimate,” “forecast,” "target," “guidance,” “outlook,” “opportunity” or “strategy.” The absence of such words or expressions does not necessarily mean the statements are not forward-looking.

Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that we or Twin Eagle may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or required governmental and regulatory approvals may delay the transaction or result in the imposition of conditions that could cause the parties to abandon the merger; the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company or Twin Eagle to retain and hire key personnel, on the ability of the Company and Twin Eagle to attract customers and maintain its relationships with counterparties and on the Company’s and Twin Eagle’s operating results and businesses generally; the risk that problems may arise in successfully integrating Twin Eagle’s business with the Company’s; the risk that the Company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ materially from those projected; the volatility in commodity prices; the effect of future regulatory or legislative actions on the companies or the industries in which they operate; the ability of management to execute its plans, to meet its goals and other risks inherent in the Company’s and Twin Eagle's businesses; the potential disruption or interruption of the Company’s or Twin Eagle’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the Company’s or Twin Eagle’s control; and the combined company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and other factors that are described under Risk Factors in Item 1A of Part I of our Annual Report on Form 10-K filed with the SEC.

We caution you not to place undue reliance on the forward-looking statements contained in this news release, which speak only as of the filing date, and we undertake no obligation and have no intention to update any forward-looking statement, except as required by law. We urge you to carefully review and consider the disclosures in this news release and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business.

All forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Non-GAAP measures
The Company has not provided projected net income or a reconciliation of projected EBITDA to projected net income, the most comparable financial measure calculated in accordance with GAAP. Net income includes the impact of one-time, non-recurring and non-cash changes and certain other items that impact comparability between periods and the tax effect of such items, which may be significant and difficult to project with a reasonable degree of accuracy. Therefore, projected net income, and a reconciliation of projected EBITDA to projected net income (loss), are not available without unreasonable effort.

The Company has not provided projected net cash provided by operating activities or a reconciliation of projected free cash flow to projected net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP. The Company is unable to project net cash provided by operating activities for any future period because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occurred. The Company is unable to project these timing differences with any reasonable degree of accuracy without unreasonable efforts such as predicting the timing of its payments and its customers' payments, with accuracy to a specific day, months in advance. Furthermore, the Company does not provide guidance with respect to its average realized price, among other items, that impact reconciling items between net cash provided by operating activities and free cash flow. Natural gas prices are volatile and out of the Company's control, and the timing of transactions and the income tax effects of future transactions and other items are difficult to accurately predict. Therefore, the Company is unable to provide projected net cash provided by operating activities, or the related reconciliation of projected free cash flow to projected net cash provided by operating activities, without unreasonable effort.

INVESTOR CONTACT:MEDIA CONTACT:Brittany Raiford
(405) 935-8870
[email protected] Coe
(405) 935-8878
[email protected]

Meta's logo at the company's offices in Menlo Park, California, U.S. (Photo: Justin Sullivan)

Getty Images

Technology giant Meta - the parent company of Facebook, Instagram and WhatsApp - has exited from a clean energy pact it had been a signatory to for over a decade, following a natural gas-powered push for its hyperscale data centers.

The company’s exit from the RE100 - a corporate renewable energy initiative - was revealed late last week by Recharge News. The initiative was floated by non-profit outfit The Climate Group founded by former U.K. prime minister Tony Blair.

Despite Meta’s exit, its other big tech rivals Apple, Google and Microsoft remain among the initiative’s 400-plus signatories. Another rival Amazon is not RE100 member. While confirming the "amicable" move, a Meta spokesperson declined further comment.

Renewables Can’t Keep PaceThe company needs reliable power sources for data centers at the heart of its artificial intelligence development and expansion plans.

While Meta’s renewable energy partnerships for wind and solar energy continue, it is also turning to natural gas-fired power sources in the U.S. as renewables simply cannot keep pace with its near-term demand projections.

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ForbesU.S. Banking On ‘Co-Innovation’ For Its Trillion Dollar Energy BuildBy Gaurav SharmaForbesU.S. Market Expected To Lead Multibillion Dollar Investments In LNGBy Gaurav SharmaForbesBig Oil Is Pairing Up With Big Tech For An Opportunity Worth BillionsBy Gaurav SharmaRecent overtures include Meta’s backing of ten such power plants in Louisiana capable of generating 7.5 gigawatts of electricity, following on from a 200 megawatt facility in Ohio that it backed in June 2025.

And the tech giant is not alone in turning to natural gas. Both Google and Microsoft have also invested in power sourced from fossil fuels. However, Meta’s moves dwarf its rivals in wattage terms.

As AI development morphs into a multibillion dollar industry, deployments accelerate, and the hyperscale data centers needed for the activity continue to grow exponentially, the tension between 'Big Tech’ headline growth and clean energy commitments continues to grow too.

End Of Decade ScenariosMany tech firms have inked long-term power purchase agreements with utilities and suppliers. These contracts are underpinned by renewable energy sources such as wind and solar power.

But with power demand for data centers tipped to grow between 10% and 15% per year between now and 2030, if not more, as noted by S&P Global Commodity Insights, additional power sourced from natural gas-fired plants is increasingly coming into view both within the U.S. and elsewhere.

Meta’s predicament and response offer a true case in point. In the company’s 2025 sustainability report, Meta said it will continue matching 100% of its annual electricity use with clean and renewable energy.

Till date, Meta-supported wind and solar projects total up to nearly 30GW in the U.S. and global markets it operates in. Yet, with the AI sphere witnessing a bit of a super-cycle of sorts, and all of us living in a world where a a single ChatGPT query requires 2.9Wh of electricity, compared with 0.3Wh for a routine Google search (nearly ten times as much) - Meta and its competitors are reactively doing what they need to as energy hungry businesses.

And its not just natural gas, even coal could be a beneficiary, according to the International Energy Agency. The Paris, France-based think-tank recently forecast that demand from data centres remains a significant near-term driver of growth for natural gas-fired and coal-fired generation, through both higher utilization of existing assets and new power plants.

Natural gas and coal together are expected to meet over 40% of the additional electricity demand from data centres until 2030, it added. In such a scenario that is appearing highly likely, many clean energy pacts and pledges may well be broken by major tech brands out of necessity.

A driver delivers Coca-Cola products to stores in Boston, Massachusetts, April 24, 2008. REUTERS/Brian Snyder Purchase Licensing Rights, opens new tab

July 27 (Reuters) - Coca-Cola (KO.N), opens new tab on Monday said its dairy company, fairlife, ​resumed most of the production at four U.S. ‌facilities, where operations were halted after unauthorized third-party access on some systems.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

Fairlife, earlier this month, joined companies grappling with a ​surge in AI-driven cyberattacks and ​ransomware that steal sensitive data and ⁠disrupt operations, leading to a halt in domestic ​production.

The Chicago-based company launched an investigation with ​the help of external cybersecurity experts and advisers; Coca-Cola, which wholly owns fairlife, had said ​product quality and safety had not ​been affected by the incident.

Hacking gang Anubis claimed credit ‌for ⁠the hack on Tuesday, and said it had stolen 1 terabyte of data from fairlife.

The beverages giant said ​fairlife was working ​to restore ⁠impacted systems and operations; existing inventory helped maintain retail availability of products.

The ​company said the incident is ​not ⁠likely to have a material impact on its financial condition or results. ⁠Coca-Cola ​is expected to ​report second-quarter results on Tuesday.

Reporting by Neil J Kanatt ​in Bengaluru; Editing by Joyjeet Das

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Collaborative Wealth Managment Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 58.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,267 shares of the computer hardware maker’s stock after selling 5,948 shares during the period. Collaborative Wealth Managment Inc.’s holdings in NVIDIA were worth $744,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NVDA. Diversified Enterprises LLC increased its holdings in shares of NVIDIA by 44.2% during the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock worth $23,798,000 after purchasing an additional 39,129 shares during the period. ASR Vermogensbeheer N.V. boosted its stake in shares of NVIDIA by 1.8% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock valued at $591,086,000 after buying an additional 54,877 shares during the period. Storen Legacy Partners LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $1,350,000. Weaver Capital Management LLC grew its position in NVIDIA by 5.5% during the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock worth $15,893,000 after buying an additional 4,439 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in NVIDIA by 3.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker’s stock worth $4,970,704,000 after buying an additional 936,506 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA announced a joint AI research lab with KAIST in Seoul, a $300 million collaboration that will fund researchers, internships, and AI infrastructure to advance agentic AI in South Korea. NVIDIA and KAIST Launch Joint AI Research Lab to Accelerate AI Innovation in Korea Positive Sentiment: The company also struck a $1.5 billion partnership with Amkor to expand advanced semiconductor packaging and test capacity in the U.S., reinforcing NVIDIA’s AI supply chain and manufacturing footprint. Nvidia, Amkor strike $1.5 billion chip packaging deal Positive Sentiment: Jensen Huang and NVIDIA joined Microsoft, Meta, and others in publicly backing open-source AI models, which could support broader AI adoption and future demand for NVIDIA GPUs. Nvidia, Microsoft and other tech giants back open-source AI models Positive Sentiment: Several technical reports say NVDA is holding support and may be forming a bullish inverse head-and-shoulders pattern, while other analysts point to a breakout above the 50-day moving average as a possible catalyst. NVIDIA Corp. (NVDA) Price Forecast: Can NVDA Break Above Key Resistance? Neutral Sentiment: Institutional filings show continued buying from some funds, but insider activity remains dominated by sales, which keeps sentiment mixed rather than decisively bullish. Fund Update: 337,821 NVIDIA (NVDA) shares added to COMGEST GLOBAL INVESTORS S.A.S. portfolio Negative Sentiment: Broader semiconductor shares have pulled back as investors take profits and worry about AI valuation levels and heavy capex spending, which has weighed on NVIDIA along with the rest of the AI trade. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing? Negative Sentiment: News flow also highlights investor rotation out of the biggest AI winners and concerns that the “Magnificent 7” are digesting a surge in AI infrastructure spending, creating near-term pressure on NVDA despite strong long-term demand. Magnificent 7 stocks shed hundreds of billions amid AI spending fears Analyst Upgrades and Downgrades Several brokerages have weighed in on NVDA. Robert W. Baird set a $500.00 price objective on NVIDIA and gave the company an “outperform” rating in a report on Thursday, May 21st. Rosenblatt Securities reissued a “buy” rating and set a $325.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Citic Securities raised their price target on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Seaport Research Partners raised their price target on NVIDIA from $140.00 to $180.00 and gave the stock a “sell” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $285.00 price target (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $304.26.

View Our Latest Analysis on NVDA

NVIDIA Stock Performance Shares of NVDA stock opened at $206.84 on Monday. NVIDIA Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The stock’s fifty day moving average price is $207.85 and its two-hundred day moving average price is $195.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company has a market cap of $5.01 trillion, a PE ratio of 31.68, a P/E/G ratio of 0.40 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. NVIDIA’s revenue was up 85.2% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets In related news, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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, /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the closing of a new $660 million asset-based revolving credit facility (the "ABL Facility"). The ABL Facility significantly strengthens the Company's liquidity position, extends its debt maturity profile and enhances financial flexibility as Target continues to pursue an active commercial pipeline representing more than 20,000 beds, driven by sustained development activity across high-value end markets.

The ABL Facility replaces Target's previous $175 million senior secured revolving credit facility (the "Previous Facility"), nearly quadrupling the Company's committed borrowing capacity to $660 million, subject to borrowing base availability, to support strategic growth initiatives and general corporate purposes. The ABL Facility has a five-year term maturing in July 2031 and includes an accordion feature providing for up to $190 million of incremental commitments, which could increase total committed borrowing capacity to $850 million, subject to lender commitments, customary conditions, and borrowing base availability.

Borrowings under the new ABL Facility are expected to bear interest at Term SOFR plus 2.25% to 3.00%, depending on the Company's Total Leverage Ratio. 

The new ABL Facility represents a reduction in borrowing costs of up to 250 basis points compared to the Previous Facility, meaningfully lowering Target's cost of capital, enhancing expected returns on incremental growth investments, and supporting a disciplined balance sheet. 

"The closing of our new ABL Facility marks an important step in the evolution of Target's capital structure," said Jason Vlacich, Chief Financial Officer of Target Hospitality. "This facility significantly increases our committed capacity, extends our debt maturity profile and meaningfully lowers our cost of capital. The size of the commitments extended by both new and existing lenders, and the terms we secured, reflect the durability of our contracted revenue base and confidence in our growth strategy. Combined with internally generated cash flow, this facility provides substantial flexibility to capitalize on the largest commercial pipeline in our history across high-value end markets with durable, long-term demand, while maintaining a disciplined and resilient financial position."

The ABL Facility was arranged by JPMorgan Chase Bank, N.A., acting as Administrative Agent, with JPMorgan Chase Bank, N.A., PNC Bank, National Association, and Wells Fargo Bank, National Association serving as Joint Lead Arrangers and Joint Bookrunners.  Morgan Stanley and Huntington Bank served as Documentation Agents.  Deutsche Bank AG and First National Bank of Omaha also participated as lenders in the ABL Facility.

Additional details regarding the ABL Facility will be available in the Company's Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

About Target Hospitality

Target Hospitality is one of North America's largest providers of vertically integrated specialty rental modular accommodations and full-service value-added hospitality solutions in the United States. Target builds, owns and operates a customized and growing network of communities for a range of end users through a full suite of value-added solutions including premium catering and food services, maintenance, housekeeping, grounds-keeping, concierge, laundry services, logistics, security, recreational facilities services, community management, and community design and construction.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made in this press release are "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: operational, economic, including inflation, political and regulatory risks; our ability to effectively compete in the specialty rental accommodations and hospitality services industry, including growing the Workforce Hospitality Solutions segment; our ability to execute, expand, and manage WHS projects supporting critical mineral development, power generation, and data center infrastructure projects; our ability to achieve margin improvement through the effective servicing of contracts in our WHS segment; effective management, utilization, and performance, of our communities (including workforce hubs);  natural disasters and other business disruptions including outbreaks of epidemic or pandemic disease; the duration of any future public health crisis, related economic repercussions and the resulting negative impact to global economic demand; the effect of changes in state building codes on marketing our buildings; changes in demand within a number of key industry end-markets and geographic regions, including natural resources, critical minerals, and data center/AI infrastructure; changes in customer capital spending, project schedules, or end-user demand  that may result in delays, non-renewals, or cancellations of contracts, including the contract that is terminable for convenience in the Government segment; our reliance on third party manufacturers, suppliers and service providers; our ability to attract and retain key personnel and maintain workforce availability for specialized hospitality and construction operations; increases in raw material, food, labor or other operating costs; the effect of impairment charges on our operating results; our future operating results fluctuating, failing to match performance or to meet expectations; our exposure to various possible claims and the potential inadequacy of our insurance coverage; unanticipated changes in our tax obligations; our obligations under various laws and regulations, including those applicable to government contracts; the effect of litigation, judgments, orders, regulatory or customer bankruptcy proceedings on our business; our ability to successfully acquire and integrate new operations; global, national or local economic and political developments, including any changes in policy under the current or any future U.S. presidential administrations; federal government budgeting and appropriations; our ability to manage credit risk and collect on our accounts receivable; our ability to fulfill Target Hospitality's public company obligations; cybersecurity threats, incidents, or failures of our management information systems; and risks related to our liquidity, access to capital markets, and obligations under existing or future debt agreements, including compliance with financial covenants. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact
Mark Schuck
(832) 702 – 8009
[email protected]

SOURCE Target Hospitality

SummaryCompaniesEnergy drink sales have boomed in India in recent yearsIndian government wants removal of descriptor 'energy drink'Global consumer firms lobby, but New Delhi unmoved, sources sayBeverage group calls for 'risk-based enforcement approach'NEW DELHI, July 27 (Reuters) - India has ordered makers of high-caffeine beverages sold as "energy drinks" to stop using that description, ​rejecting efforts to stall the regulatory intervention in a fast-growing market expected to be worth $1.6 billion by 2028, according to documents ‌and sources.

India's food safety regulator said on social media in early July it had issued notices to companies saying there were no Indian standards for such products and claims that a beverage "vitalizes body and mind" or can "aid in general weakness" were misleading. It gave no further details.

Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.

In private, the message from the Food Safety and Standards Authority of India (FSSAI) was ​even tougher: Pepsi (PEP.O), opens new tab, Red Bull, Monster Beverage (MNST.O), opens new tab, billionaire Mukesh Ambani's Reliance (RELI.NS), opens new tab and Hell Energy must drop "energy drink" — or any similar descriptor, according ​to confidential documents and people familiar with the matter.

The move has triggered a standoff with companies, who fear removing the ⁠category label could damage brands built around instant-energy claims and disrupt sales.

At a closed-door meeting with senior industry executives on Friday, FSSAI Chief Executive Rajit ​Punhani rejected arguments over the business impact, saying companies were free to challenge the decision in court, two people familiar with the discussion said.

FSSAI and Punhani ​did not respond to Reuters queries. Pepsi declined to comment, while the other companies did not respond. Reuters is first to report the lobbying efforts and India's decision.

An Indian government source said the industry agreed to comply with the labelling change after the Friday discussion, and the FSSAI has given them 90 days to comply.

Energy drinks have sparked health ​concerns among some regulators globally who worry they contain high caffeine, sugar and taurine, an amino acid. High-caffeine energy drinks will be banned for under-16s ​in England from April next year, and some regions in Pakistan mandate they be called "stimulant drinks".

INDUSTRY WOES, 'ELECTRIFYING ENERGY' ADSThe energy drinks business is built on instant-energy marketing.

Red Bull's "Gives You ‌Wiiings" slogan ⁠is globally famous, while Pepsi promotes its Sting energy drink in Indian ads that show it sends lightning through one's body, giving "electrifying energy".

The Indian Beverage Association, which represents major companies, said it was committed to complying with regulations and engaging constructively with regulators on science-based policy.

But in a confidential July 6 letter to FSSAI, it said public disclosure of preliminary notices could damage reputations, disrupt operations and confuse consumers. It urged a "risk-based enforcement approach".

"Regular stakeholder consultations before implementing ​significant interpretational changes would facilitate smoother compliance, ​reduce litigation," the association said, adding ⁠a "predictable, consultative and transparent" framework was essential.

'I AM ADDICTED'India's energy-drinks market boomed after Pepsi launched Sting in 2017. Its 20-rupee ($0.21) plastic bottles proved popular among 15- to 19-year-olds and in rural areas, helping make it a market leader, ​Euromonitor says.

Retail sales are projected to reach $1.6 billion by 2028, growing 12.6% annually, faster than in the United States ​and China. Volumes ⁠rose nearly 100% annually between 2018 and 2023, Euromonitor says.

"Every time when we feel hungry or go out for a smoke, I buy one drink. It fills my stomach and it gives me strength to work," said Sunny Rajvansi, 24, a bike mechanic in Uttar Pradesh state, who consumes Sting and Reliance's Campa Energy.

"I feel ⁠I am ​addicted to them."

This month, India's Rajasthan state has seized thousands of Sting, Campa Energy and ​Red Bull as part of its enforcement drive, the government's social media posts show.

On July 8, the state also told e-commerce companies including Amazon (AMZN.O), opens new tab, Walmart's Flipkart, Eternal's (ETEA.NS), opens new tab Blinkit and Swiggy (SWIG.NS), opens new tab Instamart to ​ensure no product was promoted as an "energy drink", a letter showed.

The e-commerce companies did not respond to Reuters queries.

Reporting by Aditya Kalra; Editing by Saad Sayeed

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

Aditya Kalra is the Company News Editor for Reuters in India, overseeing business coverage and reporting stories on some of the world's biggest companies. He joined Reuters in 2008 and has in recent years written stories on challenges and strategies of a wide array of companies -- from Amazon, Google and Walmart to Xiaomi, Starbucks and Reliance. He also extensively works on deeply-reported and investigative business stories.

Posted by Defense World Staff on Jul 27th, 2026

Compound Planning Inc. acquired a new position in shares of Chord Energy Corporation (NASDAQ:CHRD – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,437 shares of the company’s stock, valued at approximately $915,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Chord Energy by 63.8% during the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. Blue Trust Inc. raised its position in Chord Energy by 22.2% in the 1st quarter. Blue Trust Inc. now owns 463 shares of the company’s stock valued at $66,000 after buying an additional 84 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Chord Energy by 16.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock valued at $74,000 after acquiring an additional 113 shares in the last quarter. WealthCollab LLC lifted its stake in Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 145 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Chord Energy by 178.6% during the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Stock Performance Shares of CHRD stock opened at $138.36 on Monday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of -122.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. Chord Energy Corporation has a 52 week low of $84.25 and a 52 week high of $151.95. The firm’s 50-day simple moving average is $129.37 and its two-hundred day simple moving average is $122.57.

Chord Energy (NASDAQ:CHRD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $1.05. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. Chord Energy’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 EPS. As a group, equities analysts forecast that Chord Energy Corporation will post 18.32 earnings per share for the current year.

Chord Energy Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, May 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. Chord Energy’s dividend payout ratio is presently -460.18%.

Insider Buying and Selling at Chord Energy In other Chord Energy news, Director Douglas E. Brooks sold 3,500 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $136.71, for a total transaction of $478,485.00. Following the sale, the director directly owned 20,205 shares of the company’s stock, valued at $2,762,225.55. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Darrin J. Henke sold 1,276 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $145.97, for a total transaction of $186,257.72. Following the transaction, the chief operating officer owned 21,157 shares of the company’s stock, valued at $3,088,287.29. This represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,276 shares of company stock valued at $1,285,968 in the last quarter. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades Several brokerages have recently commented on CHRD. Wells Fargo & Company increased their target price on shares of Chord Energy from $136.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Mizuho boosted their price target on shares of Chord Energy from $164.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Citigroup reduced their price objective on shares of Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Morgan Stanley decreased their price objective on shares of Chord Energy from $175.00 to $169.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Finally, Williams Trading set a $189.00 target price on shares of Chord Energy in a research report on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $152.38.

Read Our Latest Stock Analysis on Chord Energy

Chord Energy Profile (Free Report)

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.

Featured Stories Five stocks we like better than Chord Energy RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit

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Posted by Defense World Staff on Jul 27th, 2026

Bank of Nova Scotia boosted its holdings in Globe Life Inc. (NYSE:GL – Free Report) by 19.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 74,287 shares of the company’s stock after buying an additional 11,970 shares during the period. Bank of Nova Scotia owned approximately 0.10% of Globe Life worth $10,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new position in Globe Life in the second quarter valued at about $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Globe Life in the fourth quarter worth about $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Globe Life in the second quarter worth about $31,000. Torren Management LLC acquired a new stake in shares of Globe Life in the fourth quarter valued at about $37,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Globe Life by 41.1% in the first quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after buying an additional 92 shares in the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Globe Life Price Performance Shares of NYSE GL opened at $173.64 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 11.53 and a beta of 0.47. Globe Life Inc. has a twelve month low of $127.85 and a twelve month high of $191.55. The business has a 50 day simple moving average of $169.07 and a 200-day simple moving average of $152.99.

Globe Life (NYSE:GL – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a return on equity of 20.73% and a net margin of 19.58%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm earned $3.05 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, equities research analysts expect that Globe Life Inc. will post 15.7 earnings per share for the current year.

Globe Life Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 8.76%.

Key Stories Impacting Globe Life Here are the key news stories impacting Globe Life this week:

Positive Sentiment: Keefe, Bruyette & Woods trimmed its price target only modestly to $190 from $192 and kept an outperform rating, implying roughly 9% upside from recent levels. Benzinga article Positive Sentiment: TD Cowen also reiterated a bullish view, forecasting strong price appreciation for Globe Life (GL). American Banking News article Positive Sentiment: Management raised its 2026 net operating EPS guidance to $15.55-$15.95 and lifted share repurchases to $670 million-$700 million, signaling confidence in future earnings and capital returns. Seeking Alpha article Neutral Sentiment: Globe Life’s Q2 revenue came in roughly in line with expectations, and underwriting income remained strong, showing the core business is still performing acceptably despite some headwinds. Reuters article Negative Sentiment: Q2 earnings of $3.61 per share missed the consensus estimate of $3.67, and several reports pointed to softer sales and rising expenses as reasons for investor concern. MSN article Wall Street Analyst Weigh In GL has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday. Weiss Ratings downgraded shares of Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Morgan Stanley lifted their price objective on shares of Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Truist Financial boosted their target price on shares of Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.40.

View Our Latest Stock Report on GL

Insiders Place Their Bets In other news, CEO James Matthew Darden sold 4,663 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $153.88, for a total transaction of $717,542.44. Following the transaction, the chief executive officer directly owned 58,451 shares of the company’s stock, valued at approximately $8,994,439.88. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank M. Svoboda sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $156.68, for a total value of $3,133,600.00. Following the transaction, the chief executive officer directly owned 54,020 shares of the company’s stock, valued at $8,463,853.60. This represents a 27.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 90,187 shares of company stock worth $14,299,874. 2.11% of the stock is owned by company insiders.

Globe Life Profile (Free Report)

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.

Read More Five stocks we like better than Globe Life RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding GL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globe Life Inc. (NYSE:GL – Free Report).

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Posted by Defense World Staff on Jul 27th, 2026

Blue Chip Partners LLC trimmed its holdings in shares of Morgan Stanley (NYSE:MS – Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,464 shares of the financial services provider’s stock after selling 5,334 shares during the period. Blue Chip Partners LLC’s holdings in Morgan Stanley were worth $16,040,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Morgan Stanley by 10.2% during the 4th quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider’s stock worth $1,607,000 after purchasing an additional 1,185 shares during the period. Main Street Financial Solutions LLC increased its stake in Morgan Stanley by 69.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 8,964 shares of the financial services provider’s stock valued at $1,263,000 after buying an additional 3,661 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Morgan Stanley by 90.9% during the second quarter. Diversify Advisory Services LLC now owns 16,148 shares of the financial services provider’s stock valued at $2,378,000 after acquiring an additional 7,688 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Morgan Stanley by 6.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 263,575 shares of the financial services provider’s stock valued at $37,127,000 after purchasing an additional 15,623 shares during the period. Finally, Jupiter Wealth Management LLC lifted its holdings in Morgan Stanley by 7.8% in the 2nd quarter. Jupiter Wealth Management LLC now owns 52,825 shares of the financial services provider’s stock valued at $7,805,000 after acquiring an additional 3,807 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Stock Down 0.2% Shares of Morgan Stanley stock opened at $214.11 on Monday. Morgan Stanley has a 12 month low of $136.17 and a 12 month high of $232.25. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 3.52. The stock has a market cap of $337.71 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.53 and a beta of 1.23. The business has a fifty day simple moving average of $213.93 and a 200 day simple moving average of $189.99.

Morgan Stanley (NYSE:MS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $2.89 by $0.57. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.51%. The business had revenue of $21.35 billion for the quarter, compared to analysts’ expectations of $19.67 billion. During the same period in the previous year, the firm posted $2.13 EPS. The firm’s revenue was up 27.1% compared to the same quarter last year. Research analysts predict that Morgan Stanley will post 12.68 EPS for the current year.

Morgan Stanley announced that its board has authorized a share buyback plan on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Morgan Stanley Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $1.15 per share. This is an increase from Morgan Stanley’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.60 annualized dividend and a dividend yield of 2.1%. Morgan Stanley’s payout ratio is currently 32.34%.

Analyst Ratings Changes A number of research firms recently commented on MS. Daiwa Securities Group raised their price objective on shares of Morgan Stanley from $175.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. CICC Research increased their target price on shares of Morgan Stanley from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $243.00 target price on shares of Morgan Stanley in a research note on Monday, July 20th. BMO Capital Markets upped their price target on Morgan Stanley from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, HSBC upped their price target on Morgan Stanley from $190.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.50.

View Our Latest Stock Report on MS

More Morgan Stanley News Here are the key news stories impacting Morgan Stanley this week:

Positive Sentiment: Morgan Stanley’s recent earnings results were strong, with the firm beating estimates on both EPS and revenue and posting robust year-over-year growth, which supports the stock’s longer-term fundamental case. Positive Sentiment: The company continues to receive constructive Wall Street commentary, including a “Moderate Buy” consensus and recent bullish analyst coverage tied to its earnings power and capital markets franchise. Positive Sentiment: Recent headlines also pointed to Morgan Stanley’s wealth management unit attracting new assets tied to SpaceX IPO interest, which reinforces the strength of its wealth and investment management businesses. Neutral Sentiment: Several unrelated market stories involving Morgan Stanley analyst calls on other stocks, plus broader AI/capex and earnings-driven volatility across large-cap tech and financials, may be influencing sentiment around MS indirectly. Morgan Stanley Profile (Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

Read More Five stocks we like better than Morgan Stanley RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit

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Dai ichi Life Insurance Company Ltd cut its holdings in Nucor Corporation (NYSE:NUE – Free Report) by 36.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,404 shares of the basic materials company’s stock after selling 7,200 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Nucor were worth $2,098,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock worth $4,633,554,000 after purchasing an additional 144,038 shares in the last quarter. Morgan Stanley raised its position in shares of Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after buying an additional 41,728 shares in the last quarter. Norges Bank acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $609,002,000. Dimensional Fund Advisors LP boosted its stake in shares of Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after buying an additional 22,718 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Nucor by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,919,883 shares of the basic materials company’s stock worth $313,152,000 after buying an additional 56,565 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. BNP Paribas Exane increased their price objective on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group raised their target price on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $266.31.

Get Our Latest Analysis on Nucor

Insider Buying and Selling at Nucor In related news, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the sale, the executive vice president owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Keller sold 4,554 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $225.86, for a total value of $1,028,566.44. Following the transaction, the insider owned 16,834 shares in the company, valued at $3,802,127.24. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is owned by corporate insiders.

Nucor Stock Up 0.1% Shares of NYSE NUE opened at $247.81 on Monday. The company has a 50 day simple moving average of $239.91 and a 200 day simple moving average of $204.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $270.90. The firm has a market cap of $56.44 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 0.57 and a beta of 1.91.

Nucor (NYSE:NUE – Get Free Report) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. On average, research analysts forecast that Nucor Corporation will post 17.53 EPS for the current year.

Nucor Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s dividend payout ratio is 22.18%.

Nucor Profile (Free Report)

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

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LONG BEACH, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems today announced it has been awarded its largest launch contract to date, a $266 million multi-launch contract with the U.S. Space Force. This landmark contract further solidifies Rocket Lab’s position as a leader in launch and critical mission enabler for programs with significant national importance.

Under the contract awarded by the U.S. Space Force Space Systems Command’s Rocket Systems Launch Program (RSLP), Rocket Lab will execute 12 suborbital launches, with up to six additional launches. The first launch of this contract is expected to take place no earlier than the end of 2026.

The launches will primarily take place from a new Rocket Lab location at the Pacific Spaceport Complex-Alaska (PSCA) in Kodiak, Alaska, complementing Rocket Lab’s existing launch sites at Launch Complex 1 in New Zealand, and Launch Complex 2 and Launch Complex 3 in Virginia.

Sir Peter Beck, founder and CEO of Rocket Lab, says: “Cadence, iteration, and relentless execution are essential to maturing America’s missile defense capabilities, and that’s exactly what we bring with launch leadership. The size and scale of this contract reflects the Space Force’s confidence in our ability to meet their urgent national security demands with speed, responsiveness, and scale, and we’re proud to provide the high-frequency launch capacity required to keep the U.S. ahead of global threats.”

Rocket Lab Media Contact
Murielle Baker
[email protected]

About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Raises 2026 Annual Earnings and Revenue Guidance;
Conference Call and Webcast scheduled for July 29, 2026 at 10:00 am PT

SAN JUAN CAPISTRANO, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the second quarter ended June 30, 2026, reporting GAAP diluted earnings per share of $1.68 and adjusted earnings per share(1) of $1.92.

"This quarter's results are another reflection of that enduring connection between the commitment of our local leaders to delivering high-quality care in their communities and our financial performance. We believe exceptional outcomes ultimately create their own form of accountability, because residents, families, referral partners, regulators, and payers all independently validate whether an operation is truly delivering value,” said Barry Port, Chief Executive Officer of The Ensign Group. “We continue to see strong demand across our portfolio, improving occupancy and skilled mix. We also continue to grow in a disciplined way through acquisitions. We believe our results this quarter position us well for the remainder of the year and reinforce our confidence in our long-term strategy."

Clinical Highlights(1):

Same Facilities achieved Centers for Medicare & Medicaid Services (CMS) Quality Measure ratings that were 23% better than industry peers in our operating states, demonstrating superior clinical outcomes.Same Facilities achieved CMS Cycle 1 survey inspection results that were 18% better than industry peers in our operating states, validating clinical excellence through regulatory oversight.Over 80% of our skilled nursing operations earned a CMS Quality Measure rating of 4 or 5 stars, demonstrating our continued commitment to delivering high-quality clinical care.Rehospitalization rates for Same Facilities were 15% better than the national average, supporting successful resident recovery and continuity of care.Long-stay outpatient emergency department visit rates for Same Facilities were 24% better than the national average, minimizing unnecessary hospital transfers and reducing higher-cost care.Administrator turnover for Same Facilities was 46% lower than our industry peers in our operating states, supporting leadership continuity and operational stability.None of our 398 affiliated facilities are designated as CMS Special Focus Facilities, reflecting our ability to improve clinical performance at troubled acquisitions and consistently maintain trust from our state and federal regulators. Quarterly Highlights:

GAAP diluted earnings per share for the quarter was $1.68, an increase of 16.7% over the prior year quarter, and adjusted diluted earnings per share(2) for the quarter was $1.92, an increase of 20.8% over the prior year quarter.GAAP net income was $99.7 million for the quarter, an increase of 18.2% over the prior year quarter, and adjusted net income(2) was $114.3 million for the quarter, an increase of 22.5% over the prior year quarter.Same Facility and Transitioning Facility occupancy for the quarter were 84.1% and 84.7%, an increase of 2.7% and 2.3%, respectively, over the prior year quarter.Same Facility and Transitioning Facility skilled mix revenue for the quarter increased by 10.1% and 14.0%, respectively, and skilled days for the quarter increased by 6.2% and 9.4%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility Medicare revenue for the quarter improved by 9.8% and 9.6%, respectively, and Medicare days for the quarter improved by 5.1% and 5.2%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility managed care revenue for the quarter improved by 6.1% and 16.2%, respectively, and managed care days for the quarter improved by 1.9% and 7.6%, respectively, both over the prior year quarter.Same Facility and Transitioning Facility skilled services revenue for the quarter increased by 6.6% and 6.1% over the prior year quarter.Consolidated revenue for the quarter was $1.44 billion, an increase of 17.3% over the prior year quarter.Standard Bearer(3) revenue was $44.1 million for the quarter, an increase of 40.2% over the prior year quarter. FFO was $24.7 million for the quarter, an increase of 34.6% over the prior year quarter.
(1) The data source for clinical results is from CMS Care Compare Five-Star Quality Rating System, June 2026. Cycle 1 survey inspection results are based on the latest CMS-reported regulatory inspection cycle which reflects results as of Q4 2025. State-wide averages represent the average reported performance of facilities within the states in which we operate. National averages represent the average performance of all facilities included in the CMS Care Compare database nationwide.(2) See "Reconciliation of GAAP to Non-GAAP Financial Information".(3) Our Skilled Services and Standard Bearer Segments are defined and outlined in Note 7 on Form 10-Q.
Clinical and Operating Results

“The strength of our model ultimately depends on the quality and stability of our people. We have long believed that outstanding resident outcomes begin with engaged, supported, and empowered caregivers. We are especially proud of our turnover. In particular, our Director of Nursing turnover continues to improve and our overall RN retention rate is also 8% better than the average across our 17-state footprint using CMS reported data. Similarly, licensed administrator turnover is an impressive 46% lower than the CMS measured state average. We believe this level of leadership stability is one of the key differentiators of our organization by creating continuity for our caregivers and residents, reinforcing accountability at the local level, and allowing the investments we make in our clinical programs, technology, and resources to translate into consistently superior quality outcomes, care efficiency, regulatory performance, and financial results.”

He added, “On the census front, our Same Facility and Transitioning Facility occupancy for the second quarter was 84.1% and 84.7%, respectively. On the skilled mix front, our Same Facilities and Transitioning Facilities skilled revenue increased by 10.1% and 14.0%, respectively, over the prior year quarter. Medicare revenue increased for both our Same Facilities and Transitioning Facilities by 9.8% and 9.6%, respectively. Also, managed care revenue increased by 6.1% and 16.2%, respectively, for Same-Facilities and Transitioning Facilities over the prior year quarter, with total skilled mix days up 6.2% and 9.4%, respectively, from the prior year quarter. The primary driver of these improvements continues to be the expanding trust from the communities we serve—earned through consistent, high-quality clinical outcomes,” Port said.

“Due to the strength of the second quarter, we are increasing our annual 2026 earnings guidance to $7.75 to $7.85 per diluted share, up from our previously increased guidance of $7.48 to $7.62. We are also increasing annual revenue guidance to $5.87 billion to $5.92 billion, up from $5.81 billion to $5.86 billion. The midpoint of our earnings guidance represents an 18.7% increase over 2025 and 41.8% over 2024," Port said.

Speaking to the Company’s acquisition growth, Chad Keetch, Ensign’s Chief Investment Officer and Executive Vice President said, “In addition, we continue to acquire new operations with significant long-term upside and expect to maintain a healthy pace of growth as we expand our mission driven approach to transform and dignify post-acute care. During the quarter and since we accelerated our growth by adding 20 new operations, all of which included real estate assets. Since 2024, we have successfully sourced, underwritten, closed, and transitioned 102 new operations across several markets, many of which are already performing at or above expectations, both clinically and financially. We continue to see opportunities that include everything from larger portfolios, landlords looking to replace current tenants, non-profits looking to divest of their post-acute assets and a steady flow of traditional one-sie two-sies. We have several new additions lining up for the second half of 2026 as our local leadership and their deal partners at the Service Center work together to source, underwrite and carefully select the right opportunities.”

Suzanne Snapper, Ensign’s Executive Vice President and Chief Financial Officer reported that the Company’s liquidity remains strong with approximately $262.3 million of cash on hand and $591.6 million of available capacity under its line-of-credit. Ms. Snapper also indicated that, “Management’s annual guidance is based on diluted weighted average common shares outstanding of approximately 59.5 million and a 25.0% tax rate. In addition, the guidance assumes, among other things, normalized insurance costs, acquisitions expected to close through the third quarter of 2026 and management’s current expectations regarding reimbursement rates. It also excludes certain charges that arise outside the normal course of business, amortization of system implementation costs, acquisition related costs and share-based compensation.”

A discussion of the Company's use of non-GAAP financial measures is set forth below. A reconciliation of net income to adjusted EBT, EBITDA, adjusted EBITDAR, adjusted EBITDA and FFO for Standard Bearer, as well as a reconciliation of GAAP earnings per share, net income to adjusted net income and adjusted net earnings per share appear in the financial data portion of this release. More complete information is contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which is expected to be filed with the SEC today and can be viewed on the Company’s website at http://www.ensigngroup.net.

Growth and Real Estate Highlights

Mr. Keetch added additional commentary on the Company’s continued acquisition activity. “We were thrilled to complete these acquisitions, and to expand our presence in Texas. These assets are made up of newly constructed, high-quality facilities in populated and growing metro-areas. However, occupancies in these operations are almost all lower than our existing operations’ average for these geographies, and all present significant clinical and operational hurdles. These operations will take some time to establish a culture of ownership and accountability, but we are encouraged with the progress we have already seen and look forward to these new additions becoming the facility of choice in the markets they serve,” Keetch said.

Standard Bearer announced the following real estate acquisitions, which are operated by an Ensign-affiliate:

Willow Park Rehabilitation and Care Center, a 125-bed skilled nursing facility located in Willow Park, Texas;Southern Oaks Therapy and Living Center, a 150-bed skilled nursing facility located in Dallas, Texas;Country Village Care / Country Village Senior Living, a healthcare campus with 136 skilled nursing beds, 38 assisted living units, and 32 memory care beds located in Angleton, Texas;River Hills Health and Rehabilitation Center, a 150-bed skilled nursing facility located in Kerrville, Texas;Willow Creek Lodge, a 135-bed skilled nursing facility located in Tomball, Texas;Eagle Crest Rapid Recovery, a 125-bed skilled nursing facility located in Houston, Texas;Falcon Point Post Acute, a 130-bed skilled nursing facility located in Katy, Texas;Parks Health Center / Parks Assisted Living Center, a healthcare campus with 90 skilled nursing beds, 30 assisted living units, and 55 independent living units located in Odessa, Texas;La Dora Nursing and Rehabilitation Center, a 62-bed skilled nursing facility located in Bedford, Texas;River Bend Healthcare, a 115-bed skilled nursing facility located in Seguin, Texas;Mustang Park Therapy and Living Center, 120-bed skilled nursing facility located in Carrollton, Texas;Hilltop Village Nursing and Rehabilitation Center, 150-bed skilled nursing facility located in Kerrville, Texas;Mallard Creek Therapy and living Center, 120-bed skilled nursing facility located in Fort Worth, Texas;Harbor Valley Health and Rehabilitation, 120-bed skilled nursing facility located in San Antonio, Texas;TruCare Living Centers - Columbus, 104-bed skilled nursing facility located in Columbus, Texas;TruCare Living Centers - Palestine, 120-bed skilled nursing facility located in Palestine, Texas;TruCare Living Centers - Selma, 128-bed skilled nursing facility located in Selma, Texas;Woodland Health and Rehabilitation Care Center, 62-bed skilled nursing facility located in Mount Pleasant, Iowa;Las Ventanas de Socorro, a 126-bed skilled nursing facility located in Socorro, Texas; andLos Arcos del Norte Care Center, a 124-bed skilled nursing facility located in El Paso, Texas. Ensign's growing portfolio consists of 398 healthcare operations, 32 of which also include senior living operations, across 17 states. Ensign now owns 183 real estate assets, 144 of which are operated by an Ensign affiliate. Mr. Keetch noted that Ensign’s overall strategy will continue to include both leasing and acquiring real estate, and the Company is actively looking for performing and underperforming operations in several states.

In addition, the Company also acquired three senior living real estate assets that are operated by a third-party under a triple net lease:

Emerald Ridge of Neenah, a 45-unit residential care apartment complex located in Neenah, Wisconsin;Anna’s House Assisted Living, a 50-unit community based residential facility located in New Franken, Wisconsin; andMemory Care of Contra Costa, a 46-unit memory care facility located in Pleasant Hill, California. The Company continues to provide additional disclosure on Standard Bearer which is comprised of 177 owned properties. Of these assets, 140 are leased to an Ensign-affiliated operator and 38 are leased to third-party operators. Mr. Keetch noted that each of these properties are subject to triple-net, long-term leases and generated rental revenue of $44.1 million for the quarter, of which $37.8 million was derived from Ensign affiliated operations. For the quarter, Ensign reported $24.7 million in FFO.

The Company also paid a quarterly cash dividend of $0.065 per share of Ensign common stock. Ms. Snapper noted that as the Company’s liquidity remains strong, it plans to continue its long history of paying dividends into the future.

Conference Call

A live webcast will be held Wednesday, July 29, 2026, at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) to discuss Ensign’s second quarter of 2026 financial results. To listen to the webcast, or to view any financial or statistical information required by SEC Regulation G, please visit the Investors Relations section of Ensign’s website at http://investor.ensigngroup.net. The webcast will be recorded and will be available for replay via the website until 5:00 p.m. Pacific time on Friday, August 28, 2026.

About Ensign™

The Ensign Group, Inc.'s independent subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 398 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. As part of its investment strategy, the Company will also acquire, lease and own healthcare real estate to service the post-acute care continuum through acquisition and investment opportunities in healthcare properties. Ensign’s new business venture operating subsidiaries also offer several other post-acute-related services, including mobile x-ray, emergency and non-emergency transportation services, long-term care pharmacy and other consulting services also across several states. Each of these operations is operated by a separate, independent subsidiary that has its own management, employees and assets. References herein to the consolidated "Company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Ensign Group, Inc. has direct operating assets, employees or revenue, or that any of the facilities, the Service Center, Standard Bearer or the captive insurance subsidiary are operated by the same entity. More information about Ensign is available at http://www.ensigngroup.net. 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains, and the related conference call and webcast will include forward-looking statements that are based on management’s current expectations, assumptions and beliefs about its business, financial performance, operating results, the industry in which it operates and other future events. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding growth prospects, future operating and financial performance, and acquisition activities. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to materially and adversely differ from those expressed in any forward-looking statement.

These risks and uncertainties relate to the Company’s business, its industry and its common stock and include: reduced prices and reimbursement rates for its services; its ability to acquire, develop, manage or improve operations, its ability to manage its increasing borrowing costs as it incurs additional indebtedness to fund the acquisition and development of operations; its ability to access capital on a cost-effective basis to continue to successfully implement its growth strategy; its operating margins and profitability could suffer if it is unable to grow and manage effectively its increasing number of operations; competition from other companies in the acquisition, development and operation of facilities; its ability to defend claims and lawsuits, including professional liability claims alleging that our services resulted in personal injury, and other regulatory-related claims; and the application of existing or proposed government regulations, or the adoption of new laws and regulations, that could limit its business operations, require it to incur significant expenditures or limit its ability to relocate its operations if necessary. Additionally, our business and operations continue to be impacted by the unprecedented nature of the changes in the regulations and environment, as such, we are unable to predict the full extent and duration of the financial impact of these changes on our business, financial condition and results of operations. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s periodic filings with the Securities and Exchange Commission, including its Form 10-Q and 10-K, for a more complete discussion of the risks and other factors that could affect Ensign’s business, prospects and any forward-looking statements. Except as required by the federal securities laws, Ensign does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

Contact Information
Investor/Media Relations, The Ensign Group, Inc., (949) 487-9500, [email protected]. 
SOURCE: The Ensign Group, Inc.

THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025          (In thousands, except per share data)REVENUE       Service revenue$1,432,497  $1,221,414  $2,814,800  $2,388,454 Rental revenue 7,984   6,355   14,877   12,356 TOTAL REVENUE$1,440,481  $1,227,769  $2,829,677  $2,400,810 Expense:       Cost of services 1,134,237   971,780   2,230,063   1,899,629 Rent—cost of services 66,412   57,195   131,918   114,271 General and administrative expense 85,922   69,107   160,132   131,662 Depreciation and amortization 31,406   25,785   60,207   49,973 TOTAL EXPENSES$1,317,977  $1,123,867  $2,582,320  $2,195,535 Income from operations 122,504   103,902   247,357   205,275 Other income (expense):       Interest expense (1,933)  (2,025)  (3,865)  (4,062)Interest income 4,633   5,240   11,169   12,123 Other income 8,470   5,241   7,585   5,602 OTHER INCOME, NET$11,170  $8,456  $14,889  $13,663 Income before provision for income taxes 133,674   112,358   262,246   218,938 Provision for income taxes 33,840   27,892   62,656   54,119 NET INCOME$99,834  $84,466  $199,590  $164,819 Less: net income attributable to noncontrolling interests 96   70   184   146 NET INCOME ATTRIBUTABLE TO THE ENSIGN GROUP, INC.$99,738  $84,396  $199,406  $164,673         NET INCOME PER SHARE ATTRIBUTABLE TO THE ENSIGN GROUP INC.       Basic$1.72  $1.48  $3.45  $2.88 Diluted$1.68  $1.44  $3.35  $2.81 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING       Basic 57,958   57,157   57,865   57,128 Diluted 59,483   58,602   59,527   58,560  THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
 June 30, 2026 December 31, 2025    ASSETS   Current assets:   Cash and cash equivalents$262,300 $503,881Accounts receivable—less allowance for doubtful accounts of $7,895 and $7,805 at June 30, 2026 and December 31, 2025, respectively 668,902  636,985Investments—current 58,544  68,506Prepaid expenses and other current assets 81,742  62,932Total current assets$1,071,488 $1,272,304Property and equipment, net 2,096,977  1,696,863Right-of-use assets 2,143,787  2,097,862Insurance subsidiary deposits and investments 210,077  166,841Deferred tax assets 83,068  83,138Restricted and other assets 39,755  41,600Intangible assets, net 6,263  6,381Goodwill 97,981  97,981TOTAL ASSETS$5,749,396 $5,462,970LIABILITIES AND EQUITY   Current liabilities:   Accounts payable$119,675 $97,327Accrued wages and related liabilities 368,817  422,326Lease liabilities—current 121,117  114,816Accrued self-insurance liabilities—current 100,007  81,623Other accrued liabilities 171,001  174,027Current maturities of long-term debt 4,182  4,227Total current liabilities$884,799 $894,346Long-term lease liabilities—less current portion 1,989,485  1,949,213Accrued self-insurance liabilities—less current portion 195,813  164,792Other long-term liabilities 98,428  82,266Long-term debt—less current maturities 135,562  137,529Total equity 2,445,309  2,234,824TOTAL LIABILITIES AND EQUITY$5,749,396 $5,462,970 THE ENSIGN GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
  The following table presents selected data from our condensed consolidated statements of cash flows for the periods presented:
  Six Months Ended June 30,  2026   2025     NET CASH PROVIDED BY (USED IN): Operating activities$272,108  $227,950 Investing activities (478,893)  (311,924)Financing activities (34,796)  (16,655)Net decrease in cash and cash equivalents$(241,581) $(100,629)Cash and cash equivalents beginning of period 503,881   464,598 Cash and cash equivalents at end of period$262,300  $363,969  THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(In thousands, except per share data)

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME

The following table reconciles net income to Adjusted net income and diluted earnings per share to Adjusted earnings per share for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025 Net income attributable to The Ensign Group, Inc.$99,738  $84,396  $199,406  $164,673 Adjustments:       Stock-based compensation expense(1) 16,166   11,662   30,061   22,386 Cost of services - loss (gain) on long-lived assets and business interruption recoveries —   (1,000)  1,284   (1,000)Cost of services - acquisition related costs(2) 519   654   800   1,135 General and administrative - costs incurred related to system implementations 2,180   437   5,199   771 Depreciation and amortization - patient base(3) —   409   —   1,020 Provision for income taxes on Non-GAAP adjustments(4) (4,295)  (3,238)  (12,242)  (6,693)Adjusted Net Income$114,308  $93,320  $224,508  $182,292         Average number of diluted shares outstanding 59,483   58,602   59,527   58,560         Diluted Earnings Per Share$1.68  $1.44  $3.35  $2.81         Adjusted Earnings Per Share$1.92  $1.59  $3.77  $3.11         Footnotes:       (1) Represents stock-based compensation expense incurred.     Three Months Ended June 30, Six Months Ended June 30,  2026   2025   2026   2025 Cost of services$10,723  $7,874  $19,893  $15,033 General and administrative 5,443   3,788   10,168   7,353 Total Non-GAAP adjustment$16,166  $11,662  $30,061  $22,386         (2) Represents costs incurred to acquire operations that are not capitalizable.(3) Represents amortization expenses related to patient base intangible assets at newly acquired skilled nursing and senior living facilities.(4) Represents an adjustment to the provision for income tax to our historical effective tax rate of 25.0% THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(In thousands)

The table below reconciles net income to EBITDA, Adjusted EBITDA and Adjusted EBITDAR for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025   2026  2025 Consolidated Statements of Income Data:       Net income$99,834 $84,466  $199,590 $164,819 Less: Net income attributable to noncontrolling interests 96  70   184  146 Interest income 4,633  5,240   11,169  12,123 Add: Provision for income taxes 33,840  27,892   62,656  54,119 Depreciation and amortization 31,406  25,785   60,207  49,973 Interest expense 1,933  2,025   3,865  4,062 EBITDA$162,284 $134,858  $314,965 $260,704 Adjustments to EBITDA:       Stock-based compensation expense 16,166  11,662   30,061  22,386 Costs incurred related to system implementations 2,180  437   5,199  771 Loss (gain) on long-lived assets and business interruption recoveries —  (1,000)  1,284  (1,000)Acquisition related costs(1) 519  654   800  1,135 ADJUSTED EBITDA$181,149 $146,611  $352,309 $283,996 Rent—cost of services 66,412  57,195   131,918  114,271 ADJUSTED EBITDAR$247,561   $484,227   (1) Represents costs incurred to acquire operations that are not capitalizable.

The table below reconciles income before provision for income taxes to Adjusted EBT for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025   2026  2025 Consolidated statements of income data:(In thousands)Income before provision for income taxes$133,674 $112,358  $262,246 $218,938 Stock-based compensation expense 16,166  11,662   30,061  22,386 Costs incurred related to system implementations 2,180  437   5,199  771 Loss (gain) on long-lived assets and business interruption recoveries —  (1,000)  1,284  (1,000)Acquisition related costs(1) 519  654   800  1,135 Depreciation and amortization - patient base(2) —  409   —  1,020 ADJUSTED EBT$152,539 $124,520  $299,590 $243,250  (1) Represents costs incurred to acquire operations that are not capitalizable.
(2) Represents amortization expenses related to patient base intangible assets at newly acquired skilled nursing and senior living facilities.

THE ENSIGN GROUP, INC.
UNAUDITED SELECT PERFORMANCE INDICATORS

The following tables summarize our selected performance indicators for our skilled services segment along with other statistics, for each of the dates or periods presented:

 Three Months Ended June 30, 2026
 2025
 Change % Change        TOTAL FACILITY RESULTS:(Dollars in thousands)Skilled services revenue$1,379,912  $1,173,576  $206,336  17.6%Number of facilities at period end 348   304   44  14.5%Number of campuses at period end(1) 32   30   2  6.7%Actual patient days 3,017,641   2,615,490   402,151  15.4%Occupancy percentage — Operational beds 82.9%  81.3%  1.6% 2.0%Skilled mix by nursing days 31.0%  30.8%  0.2% 0.6%Skilled mix by nursing revenue 50.0%  49.2%  0.8% 1.6%  Three Months Ended June 30,  2026   2025  Change % Change        SAME FACILITY RESULTS:(2)(Dollars in thousands)Skilled services revenue$988,337  $926,850  $61,487  6.6%Number of facilities at period end 234   234   —  —%Number of campuses at period end(1) 25   25   —  —%Actual patient days 2,164,347   2,091,332   73,015  3.5%Occupancy percentage — Operational beds 84.1%  81.9%  2.2% 2.7%Skilled mix by nursing days 32.2%  31.3%  0.9% 2.9%Skilled mix by nursing revenue 51.0%  50.1%  0.9% 1.8%  Three Months Ended June 30,  2026   2025  Change % Change        TRANSITIONING FACILITY RESULTS:(3)(Dollars in thousands)Skilled services revenue$197,371  $185,981  $11,390  6.1%Number of facilities at period end 50   50   —  —%Number of campuses at period end(1) 4   4   —  —%Actual patient days 405,468   393,063   12,405  3.2%Occupancy percentage — Operational beds 84.7%  82.8%  1.9% 2.3%Skilled mix by nursing days 29.7%  28.0%  1.7% 6.1%Skilled mix by nursing revenue 49.7%  47.0%  2.7% 5.7%  Three Months Ended June 30,  2026   2025  Change % Change        RECENTLY ACQUIRED FACILITY RESULTS:(4)(Dollars in thousands)Skilled services revenue$194,204  $60,745  $133,459 NMNumber of facilities at period end 64   20   44 NMNumber of campuses at period end(1) 3   1   2 NMActual patient days 447,826   131,095   316,731 NMOccupancy percentage — Operational beds 76.6%  69.9% NM NMSkilled mix by nursing days 26.9%  30.4% NM NMSkilled mix by nursing revenue 45.1%  43.0% NM NM (1) Campus represents a facility that offers both skilled nursing and senior living services. Revenue and expenses related to skilled nursing and senior living services have been allocated and recorded in the respective operating segment.(2) Same Facility results represent all facilities acquired prior to January 1, 2023.(3) Transitioning Facility results represent all facilities acquired from January 1, 2023 to December 31, 2024.(4) Recently Acquired Facility results represent all facilities acquired on or subsequent to January 1, 2025.  Six Months Ended June 30,  2026   2025  Change % Change        TOTAL FACILITY RESULTS:(Dollars in thousands)Skilled services revenue$2,710,747  $2,297,130  $413,617  18.0%Number of facilities at period end 348   304   44  14.5%Number of campuses at period end(1) 32   30   2  6.7%Actual patient days 5,913,675   5,153,626   760,049  14.7%Occupancy percentage — Operational beds 83.4%  81.6%  1.8% 2.2%Skilled mix by nursing days 31.5%  31.1%  0.4% 1.3%Skilled mix by nursing revenue 50.3%  49.7%  0.6% 1.2%  Six Months Ended June 30,  2026   2025  Change % Change        SAME FACILITY RESULTS:(2)(Dollars in thousands)Skilled services revenue$1,967,545  $1,843,338  $124,207  6.7%Number of facilities at period end 234   234   —  —%Number of campuses at period end(1) 25   25   —  —%Actual patient days 4,309,728   4,170,184   139,544  3.3%Occupancy percentage — Operational beds 84.2%  82.1%  2.1% 2.6%Skilled mix by nursing days 32.4%  31.8%  0.6% 1.9%Skilled mix by nursing revenue 51.1%  50.6%  0.5% 1.0%  Six Months Ended June 30,  2026   2025  Change % Change        TRANSITIONING FACILITY RESULTS:(3)(Dollars in thousands)Skilled services revenue$392,857  $364,903  $27,954  7.7%Number of facilities at period end 50   50   —  —%Number of campuses at period end(1) 4   4   —  —%Actual patient days 807,732   778,169   29,563  3.8%Occupancy percentage — Operational beds 84.9%  82.4%  2.5% 3.0%Skilled mix by nursing days 29.9%  28.4%  1.5% 5.3%Skilled mix by nursing revenue 49.7%  47.6%  2.1% 4.4%  Six Months Ended June 30,  2026   2025  Change % Change        RECENTLY ACQUIRED FACILITY RESULTS:(4)(Dollars in thousands)Skilled services revenue$350,345  $88,889  $261,456 NMNumber of facilities at period end 64   20   44 NMNumber of campuses at period end(1) 3   1   2 NMActual patient days 796,215   205,273   590,942 NMOccupancy percentage — Operational beds 78.3%  70.0% NM NMSkilled mix by nursing days 28.5%  27.7% NM NMSkilled mix by nursing revenue 46.8%  39.9% NM NM Campus represents a facility that offers both skilled nursing and senior living services. Revenue and expenses related to skilled nursing and senior living services have been allocated and recorded in the respective operating segment.Same Facility results represent all facilities acquired prior to January 1, 2023.Transitioning Facility results represent all facilities acquired from January 1, 2023 to December 31, 2024.Recently Acquired Facility results represent all facilities acquired on or subsequent to January 1, 2025. THE ENSIGN GROUP, INC.
UNAUDITED SKILLED NURSING AVERAGE DAILY REVENUE RATES AND
PERCENT OF SKILLED NURSING REVENUE AND DAYS BY PAYOR

The following tables reflect the change in skilled nursing average daily revenue rates, excluding services that are not covered by the daily rate(1):

 Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026 2025 2026 2025 2026 2025 2026 2025SKILLED NURSING AVERAGE DAILY REVENUE RATESMedicare$814.66 $779.77 $890.48 $854.83 $784.73 $701.40 $822.24 $789.43Managed care 599.06  575.29  658.87  609.88  630.25  555.77  609.07  578.40Other skilled 649.37  647.61  678.38  685.81  683.77  711.96  655.51  655.04Total skilled revenue 685.04  661.18  776.70  745.39  713.52  652.03  700.39  672.15Medicaid 310.64  302.36  326.89  321.75  316.83  374.44  313.78  308.87Private and other payors 317.27  288.43  362.96  357.18  330.50  392.10  326.20  305.96Total skilled nursing revenue$431.71 $413.41 $464.31 $444.50 $425.26 $460.83 $435.10 $420.43  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026 2025 2026 2025
 2026 2025 2026 2025SKILLED NURSING AVERAGE DAILY REVENUE RATESMedicare$812.17 $777.70 $885.86 $848.13 $796.67 $667.40 $822.04 $786.58Managed care 594.97  570.02  652.52  605.80  627.83  522.15  604.67  572.51Other skilled 646.93  645.85  680.76  668.45  659.88  714.24  651.51  650.67Total skilled revenue 682.14  657.16  773.10  739.60  714.40  621.17  697.78  667.17Medicaid 311.49  299.67  328.56  316.93  318.27  356.51  314.77  304.65Private and other payors 314.74  289.10  365.97  354.74  348.25  364.34  327.66  303.52Total skilled nursing revenue$431.75 $412.14 $465.42 $441.17 $434.75 $430.70 $436.73 $417.23 (1) The rates are based on contractually agreed-upon amounts or rates, excluding the estimates of variable consideration under the revenue recognition standard, Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 606.

The following tables set forth our percentage of skilled nursing patient revenue and days for the periods presented:

 Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING REVENUEMedicare21.2% 20.9% 28.3% 27.8% 24.1% 19.1% 22.6% 21.9%Managed care19.6  19.9  15.1  14.0  14.4  13.0  18.2  18.6 Other skilled10.2  9.3  6.3  5.2  6.6  10.9  9.2  8.7 Skilled mix51.0% 50.1% 49.7% 47.0% 45.1% 43.0% 50.0% 49.2%Private and other payors7.1  6.9  8.4  9.2  10.6  10.0  7.7  7.5 Medicaid41.9  43.0  41.9  43.8  44.3  47.0  42.3  43.3 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Three Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING DAYSMedicare11.2% 11.1% 14.7% 14.5% 13.1% 12.6% 12.0% 11.6%Managed care14.1  14.3  10.6  10.2  9.7  10.8  13.0  13.5 Other skilled6.9  5.9  4.4  3.3  4.1  7.0  6.0  5.7 Skilled mix32.2% 31.3% 29.7% 28.0% 26.9% 30.4% 31.0% 30.8%Private and other payors9.6  9.9  10.7  11.5  13.7  11.8  10.4  10.2 Medicaid58.2  58.8  59.6  60.5  59.4  57.8  58.6  59.0 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING REVENUEMedicare21.4% 21.1% 28.4% 28.4% 25.2% 18.2% 23.0% 22.2%Managed care19.7  20.4  14.9  14.0  14.9  12.8  18.4  19.1 Other skilled10.0  9.1  6.4  5.2  6.7  8.9  8.9  8.4 Skilled mix51.1% 50.6% 49.7% 47.6% 46.8% 39.9% 50.3% 49.7%Private and other payors7.0  6.9  8.3  9.0  9.9  10.3  7.6  7.4 Medicaid41.9  42.5  42.0  43.4  43.3  49.8  42.1  42.9 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%  Six Months Ended June 30, Same Facility Transitioning Acquisitions Total 2026
 2025
 2026
 2025
 2026
 2025
 2026
 2025
                PERCENTAGE OF SKILLED NURSING DAYSMedicare11.4% 11.2% 14.9% 14.8% 13.8% 11.8% 12.2% 11.8%Managed care14.3  14.7  10.6  10.2  10.4  10.5  13.3  13.9 Other skilled6.7  5.9  4.4  3.4  4.3  5.4  6.0  5.4 Skilled mix32.4% 31.8% 29.9% 28.4% 28.5% 27.7% 31.5% 31.1%Private and other payors9.5  9.8  10.6  11.2  12.4  12.2  10.0  10.1 Medicaid58.1  58.4  59.5  60.4  59.1  60.1  58.5  58.8 TOTAL SKILLED NURSING100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% THE ENSIGN GROUP, INC.
UNAUDITED REVENUE BY PAYOR SOURCE

The following tables set forth our service revenue by payor source and as a percentage of total service revenue for the periods presented:

 Three Months Ended June 30,  2026   2025  Revenue % of Revenue Revenue % of RevenueMedicaid(1)$566,819 39.6% $485,848 39.8%Medicare 339,650 23.7   291,117 23.8 Medicaid-skilled 80,664 5.6   75,207 6.2 Total Medicaid and Medicare$987,133 68.9% $852,172 69.8%Managed care 265,348 18.5   229,495 18.8 Private and other(2) 180,016 12.6   139,747 11.4 SERVICE REVENUE$1,432,497 100.0% $1,221,414 100.0% (1) Medicaid payor includes revenue for senior living operations.
(2) Private and other includes revenue for skilled services (private, Veteran Affairs and hospice payors), senior living and ancillary operations.

 Six Months Ended June 30,  2026   2025  Revenue % of Revenue Revenue % of RevenueMedicaid(1)$1,110,269 39.4% $939,688 39.3%Medicare 675,479 24.0   578,868 24.2 Medicaid-skilled 155,902 5.6   144,758 6.1 Total Medicaid and Medicare$1,941,650 69.0% $1,663,314 69.6%Managed care 526,199 18.7   456,712 19.1 Private and other(2) 346,951 12.3   268,428 11.3 SERVICE REVENUE$2,814,800 100.0% $2,388,454 100.0% (1) Medicaid payor includes revenue for senior living operations.
(2) Private and other includes revenue for skilled services (private, Veteran Affairs and hospice payors), senior living and ancillary operations.

THE ENSIGN GROUP, INC.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION BY SEGMENT
(In thousands)

Skilled Services

The table below reconciles net income to EBITDA and Adjusted EBITDA for the skilled services reportable segment for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  2026  2025 Statements of Income Data:       Segment income(1)$179,621 $150,004  $353,638 $293,935 Depreciation and amortization 15,445  13,750   30,755  26,963 EBITDA$195,066 $163,754  $384,393 $320,898 Adjustments to EBITDA:       Stock-based compensation expense 10,285  7,567   19,036  14,447 Gain on business interruption recoveries —  (1,000)  —  (1,000)ADJUSTED EBITDA$205,351 $170,321  $403,429 $334,345  (1) Segment income reflects profit from operations before provision for income taxes and impairment charges from operations. General and administrative expenses are not allocated to the skilled services segment for purposes of determining segment profit or loss.

Standard Bearer

The following table sets forth details of operating results for our revenue and earnings, and their respective components, by Standard Bearer for the periods presented:

 Three Months Ended June 30, Six Months Ended June 30,  2026  2025  2026  2025Rental revenue generated from third-party tenants$6,348 $4,712 $11,618 $9,209Rental revenue generated from Ensign's independent subsidiaries 37,785  26,756  68,617  50,660TOTAL RENTAL REVENUE$44,133 $31,468 $80,235 $59,869Segment income(1) 12,070  9,126  22,879  17,709Depreciation and amortization 12,676  9,265  23,459  17,741FFO(2)$24,746 $18,391 $46,338 $35,450 (1) Segment income reflects profit from operations before provision for income taxes, excluding gain or loss from sale of real estate, insurance recoveries and impairment of long-lived assets. Included in Standard Bearer expenses for the three and six months ended June 30, 2026 is management fee of $2.6 million and $4.8 million, respectively, and interest of $14.1 million and $23.9 million, respectively, from intercompany agreements between Standard Bearer and the Company and its independent subsidiaries, including the Service Center. Included in Standard Bearer expenses for the three and six months ended June 30, 2025 is management fee of $1.9 million and $3.6 million, respectively, and interest of $9.0 million and $16.1 million, respectively, from intercompany agreements between Standard Bearer and the Company and its independent subsidiaries, including the Service Center.

(2) FFO, in accordance with the definition used by the National Association of Real Estate Investment Trusts, means net income attributable to common stockholders, computed in accordance with U.S. GAAP, excluding gains or losses from sale of real estate, insurance recoveries related to real estate and impairment of long-lived assets, while including depreciation and amortization related to real estate to earnings.

Discussion of Non-GAAP Financial Measures

Adjusted EBT consists of net income before (a) provision for income taxes, (b) stock-based compensation expense, (c) acquisition related costs, (d) costs incurred related to system implementations, (e) loss (gain) on long-lived assets and business interruption recoveries, and (g) amortization of patient base intangible assets. Adjusted net income consists of net income excluding (a) stock‑based compensation expense, (b) acquisition related costs, (c) costs incurred related to system implementations, (d) loss (gain) on long-lived assets and business interruption recoveries, (e) amortization of patient base intangible assets and (f) the income tax effect of these adjustments. Adjusted earnings per share consists of adjusted net income divided by the weighted‑average diluted shares outstanding for the applicable period. EBITDA consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization and (d) interest expense. Adjusted EBITDA consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization, (d) interest expense, (e) stock-based compensation expense, (f) acquisition related costs, (g) costs incurred related to system implementations, and (h) loss (gain) on long-lived assets and business interruption recoveries. Adjusted EBITDAR consists of net income before (a) interest income, (b) provision for income taxes, (c) depreciation and amortization, (d) interest expense, (e) rent-cost of services, (f) stock-based compensation expense, (g) acquisition related costs, (h) costs incurred related to system implementations, and (i) loss (gain) on long-lived assets and business interruption recoveries. Funds from Operations (FFO) for our Standard Bearer segment consists of segment income, excluding depreciation and amortization related to real estate, gains or losses from the sale of real estate, insurance recoveries related to real estate and impairment of long-lived assets. The Company believes that the presentation of adjusted EBT, adjusted net income, adjusted earnings per share, EBITDA, adjusted EBITDA and FFO provides important supplemental information to management and investors to evaluate the Company’s operating performance. Adjusted EBITDAR is a financial valuation measure that is not specified in GAAP. This measure is not displayed as a performance measure as it excludes rent expense, which is a normal and recurring operating expense. The Company believes disclosure of adjusted EBT, adjusted net income, adjusted net income per share, EBITDA, adjusted EBITDA, adjusted EBITDAR and FFO has substance because the excluded revenues and expenses are infrequent in nature and are variable in nature, or do not represent current revenues or cash expenditures. A material limitation associated with the use of these measures as compared to the GAAP measures of net income and diluted earnings per share is that they may not be comparable with the calculation of net income and diluted earnings per share for other companies in the Company's industry. These non-GAAP financial measures should not be relied upon to the exclusion of GAAP financial measures. For further information regarding why the Company believes that this non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the Company's periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. The Company’s periodic filings are available on the SEC's website at www.sec.gov or under the "Financials" link of the Investor Relations section on Ensign’s website at http://www.ensigngroup.net. 

Posted by Defense World Staff on Jul 27th, 2026

Gabelli Funds LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 56.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,106 shares of the bank’s stock after purchasing an additional 279,356 shares during the quarter. Gabelli Funds LLC’s holdings in Huntington Bancshares were worth $12,162,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. grew its position in Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after buying an additional 707 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Huntington Bancshares by 80.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock worth $35,000 after buying an additional 994 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. UBS Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.14.

Get Our Latest Research Report on HBAN

Huntington Bancshares News Summary Here are the key news stories impacting Huntington Bancshares this week:

Positive Sentiment: HBAN reported Q2 adjusted EPS of $0.39, matching Wall Street estimates, while revenue came in slightly ahead of expectations. Management also raised FY 2026 EPS guidance to $1.90-$1.93, above consensus, signaling confidence in continued earnings growth. Article Title Positive Sentiment: The bank highlighted growth in net interest income, fee income, loans, and deposits, which supports the view that core business trends remain healthy. Article Title Positive Sentiment: Huntington also announced a quarterly dividend of $0.155 per share, which may appeal to income-focused investors and reinforces capital return plans. Neutral Sentiment: Analysts remain broadly constructive, with consensus calling the stock a “Moderate Buy,” but several firms kept only an “equal weight” view. Neutral Sentiment: Morgan Stanley and Stephens both lowered their price targets to $19, while Robert W. Baird raised its target to $21 and kept an outperform rating, leaving the analyst message mixed overall. Negative Sentiment: Rising funding costs pressured Q2 margins, and higher expenses and provisions remain a headwind for profitability. Article Title Negative Sentiment: The recent pullback in analyst price targets may be limiting upside expectations, even after the earnings report. Insider Buying and Selling In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. The trade was a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have bought 25,029 shares of company stock valued at $464,980. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance NASDAQ:HBAN opened at $17.36 on Monday. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $16.93. The company has a market capitalization of $35.19 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

About Huntington Bancshares (Free Report)

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.

Read More Five stocks we like better than Huntington Bancshares RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).

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Posted by Defense World Staff on Jul 27th, 2026

Bradley Foster & Sargent Inc. CT grew its stake in Equifax, Inc. (NYSE:EFX – Free Report) by 400.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,143 shares of the credit services provider’s stock after acquiring an additional 10,519 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Equifax were worth $2,367,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Equifax during the 4th quarter valued at about $25,000. Ameriflex Group Inc. increased its stake in Equifax by 612.5% during the fourth quarter. Ameriflex Group Inc. now owns 114 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 98 shares during the period. Reflection Asset Management purchased a new stake in Equifax during the fourth quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Equifax during the fourth quarter worth about $26,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Equifax in the fourth quarter valued at approximately $29,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of research analysts recently weighed in on EFX shares. Weiss Ratings upgraded shares of Equifax from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft set a $208.00 target price on shares of Equifax in a report on Wednesday. Rothschild & Co Redburn dropped their price target on shares of Equifax from $226.00 to $214.00 in a research note on Friday, May 8th. Barclays cut their price objective on Equifax from $215.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley reduced their price objective on Equifax from $243.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.79.

Get Our Latest Report on Equifax

Insider Activity at Equifax In other news, EVP Chad M. Borton sold 2,455 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $173.89, for a total value of $426,899.95. Following the transaction, the executive vice president owned 29,518 shares in the company, valued at approximately $5,132,885.02. This represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.70% of the company’s stock.

Equifax Trading Down 0.3% NYSE EFX opened at $172.08 on Monday. Equifax, Inc. has a 52 week low of $150.74 and a 52 week high of $271.84. The firm has a 50 day moving average of $165.98 and a two-hundred day moving average of $182.39. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $20.22 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32.

Equifax (NYSE:EFX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Equifax had a net margin of 10.73% and a return on equity of 21.61%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. As a group, research analysts expect that Equifax, Inc. will post 8.55 EPS for the current fiscal year.

Equifax Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. Equifax’s dividend payout ratio is currently 39.37%.

Equifax Company Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.

The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.

Recommended Stories Five stocks we like better than Equifax RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax, Inc. (NYSE:EFX – Free Report).

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Posted by Defense World Staff on Jul 27th, 2026

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) is expected to be posting its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Mid-America Apartment Communities to announce earnings of $0.7590 per share and revenue of $556.3020 million for the quarter. Mid-America Apartment Communities has set its Q2 2026 guidance at 2.000-2.120 EPS and its FY 2026 guidance at 8.370-8.690 EPS. Investors can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

Mid-America Apartment Communities (NYSE:MAA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $1.30. The business had revenue of $553.73 million during the quarter, compared to analyst estimates of $555.75 million. Mid-America Apartment Communities had a return on equity of 6.61% and a net margin of 17.60%.Mid-America Apartment Communities’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 EPS. On average, analysts expect Mid-America Apartment Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Mid-America Apartment Communities Stock Performance Shares of MAA stock opened at $133.82 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.13 and a current ratio of 0.13. Mid-America Apartment Communities has a 52 week low of $120.30 and a 52 week high of $152.35. The company’s 50 day moving average price is $134.76 and its two-hundred day moving average price is $131.82. The company has a market capitalization of $15.58 billion, a P/E ratio of 40.55 and a beta of 0.74.

Mid-America Apartment Communities Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $1.53 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $6.12 annualized dividend and a dividend yield of 4.6%. Mid-America Apartment Communities’s dividend payout ratio is currently 185.45%.

Insiders Place Their Bets In other Mid-America Apartment Communities news, Director Tamara D. Fischer purchased 1,100 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $128.55 per share, for a total transaction of $141,405.00. Following the purchase, the director owned 1,100 shares of the company’s stock, valued at approximately $141,405. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Mid-America Apartment Communities Large investors have recently modified their holdings of the business. Viking Global Investors LP bought a new stake in shares of Mid-America Apartment Communities during the 3rd quarter worth approximately $369,597,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mid-America Apartment Communities by 621.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,208,081 shares of the real estate investment trust’s stock valued at $168,805,000 after buying an additional 1,040,525 shares in the last quarter. Millennium Management LLC grew its stake in shares of Mid-America Apartment Communities by 3,129.2% in the fourth quarter. Millennium Management LLC now owns 738,065 shares of the real estate investment trust’s stock valued at $102,525,000 after buying an additional 715,209 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Mid-America Apartment Communities by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,030,848 shares of the real estate investment trust’s stock worth $282,105,000 after buying an additional 474,989 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Mid-America Apartment Communities during the second quarter worth $54,314,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets A number of equities research analysts recently commented on the stock. Scotiabank raised their price objective on shares of Mid-America Apartment Communities from $129.00 to $137.00 and gave the stock a “sector underperform” rating in a report on Thursday, July 9th. Mizuho upped their target price on shares of Mid-America Apartment Communities from $148.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Jefferies Financial Group upgraded Mid-America Apartment Communities to a “hold” rating in a report on Wednesday, July 22nd. Piper Sandler boosted their price target on Mid-America Apartment Communities from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, Barclays upped their price objective on Mid-America Apartment Communities from $139.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $145.25.

Get Our Latest Stock Analysis on Mid-America Apartment Communities

Mid-America Apartment Communities Company Profile (Get Free Report)

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.

Featured Articles Five stocks we like better than Mid-America Apartment Communities RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit

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Alphabet (GOOG +0.24%) (GOOGL +0.58%) has some investors worried about how much it's spending on artificial intelligence (AI). In its second-quarter report, the company said it had negative free cash flow for the first time since going public way back in 2004, after spending $45 billion on capital expenditures last quarter. That's double what it spent a year ago, and it plans to spend even more over the next few years.

Management raised its full-year 2026 capital expenditure budget to between $195 billion and $205 billion alongside the earnings release. It also said capex will "increase significantly in 2027." In fact, a brief note in the company's 10-Q filing with the SEC revealed that it's already committed to spending another $811 billion, mostly on artificial intelligence.

Image source: Getty Images.

Alphabet's going all-in on AI While it won't show up on the company's balance sheet, Alphabet disclosed that it had entered into purchase commitments and other contractual obligations totaling $811 billion as of the end of the second quarter. That's a huge increase from the $332 billion in commitments it had signed at the end of the first quarter.

These long-term supply agreements help it secure its chip supply, data center construction, and energy services. It may secure a guaranteed supply or favorable rates to lock in these take-or-pay contracts years into the future. The company said it expects to generally fulfill all of its agreements by 2030, while the energy service agreements range from two years to 26 years, with obligations through 2054. As such, investors can expect massive capital expenditures through at least 2030, with energy contracts in place to serve its growing portfolio of data centers for decades to come.

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It's a huge bet on the continued demand for AI compute. Management has good reason to make that bet confidently. It saw its remaining performance obligations climb to $520 billion as of the end of June. On top of that, Alphabet says it's facing a severe shortage of compute capacity as it takes on massive, multi-year deals. As a result, it's planning to increase its capacity through third-party providers as a bridge until it can build out more capacity. While that will result in a short-term margin hit, the long-term benefits outweigh the cost.

Additionally, Alphabet is ramping up the direct sales of its custom Tensor Processing Unit (TPU) systems. That requires additional commitments to its chip design partners to ramp up sales in 2027 and beyond. Its inventory notably jumped from $2.4 billion to $10 billion last quarter, and the potential sales of TPUs could be another significant driver of its long-term supply agreements.

While some investors may balk at the $811 billion headline figure, Alphabet is positioning itself to capitalize on the massive opportunity ahead. While it will weigh on its cash flow over the next few years, the core operations remain cash cows, and the cloud business is producing very strong returns on invested capital.

Micron faces a longer-term competitive challenge after CXMT’s Shanghai debut gave the Chinese memory-chip maker access to billions that could fund a rapid expansion in conventional DRAM.

MU closed at $920.95 on Friday, down 6.9%, before CXMT started trading on Monday.

CXMT opened 470% higher at 49.50 yuan, against an IPO price of 8.66 yuan, briefly lifting its valuation to about 3.3 trillion yuan, or $487 billion.

The company raised 57.92 billion yuan, or $8.6 billion, in Asia’s largest IPO of 2026.

The opening gain matters less for Micron than the capital behind it.

CXMT can use the proceeds to build factories, develop DRAM processes and support Beijing’s campaign to reduce China’s dependence on overseas memory suppliers.

Nomura initiated coverage with a Buy rating and a 116-yuan target based on 2028 earnings.

“The global supply of memory is unlikely to ease in the coming years,” analyst Donnie Teng wrote in a note.

The bank expects CXMT’s share of DRAM production to increase from about 10% to roughly 18% by the end of 2028.

Such growth would bring the Chinese producer closer to Samsung Electronics, SK Hynix and Micron, while giving it greater influence over industry supply.

CXMT’s first-day valuation does not make it Micron’s technological equal.

The more important signal is that public-market funding and government support could sustain several years of investment, even if memory prices and investment returns weaken during the next downturn.

SemiAnalysis estimates that CXMT’s production capacity could reach about 350,000 wafer starts per month by the end of 2026, only modestly below Micron’s estimated 385,000.

Ranked by wafer capacity, that would place CXMT close to becoming the industry’s third-largest supplier.

Most of CXMT’s output is directed towards conventional DDR and LPDDR memory used in smartphones, personal computers and mainstream servers.

These are markets where additional supply can influence prices more quickly than in technically demanding AI products.

That creates Micron’s hidden risk, as CXMT does not need to match Micron’s leading processes immediately.

Producing enough acceptable memory to replace imports in China and compete in price-sensitive markets could still pressure global commodity-DRAM prices, market share and margins.

Yet CXMT is not currently a low-cost rival.

SemiAnalysis estimates that its DDR5 cost per bit remains more than 30% above Micron, Samsung and SK Hynix. It said recent margin gains reflected unusually strong selling prices more than a structural improvement in manufacturing efficiency.

Micron remains better protected in high-bandwidth memory and data-centre DRAM, where qualification barriers, manufacturing complexity and customer relationships are stronger.

The company has said HBM4E development is progressing, with volume production expected in calendar 2027.

CXMT remains a small HBM supplier.

SemiAnalysis estimates that it held about 1% of global HBM wafer supply in 2025, but projects that share could reach 12% by 2028 as China channels more capacity towards domestic AI infrastructure.

Morgan Stanley analyst Joseph Moore recently described memory as becoming “increasingly THE bottleneck” for AI and agentic-computing systems.

That shortage supports Micron’s near-term pricing, earnings and capacity utilisation, making an immediate derailment of its AI-led cycle unlikely.

Something interesting is happening with Meta Platforms (META -1.80%) and two companies with which it has relationships -- CoreWeave (CRWV -11.58%) and Nebius Group (NBIS -15.02%).

On the one hand, Meta recently signed a $21 billion expanded deal for artificial intelligence (AI) infrastructure, giving Meta increased capacity to develop AI programs. Factoring in a previous $14 billion deal, Meta now has $35 billion in commitments to CoreWeave.

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And similar things are happening with Nebius. Meta signed a long-term deal for AI infrastructure with the neocloud provider in March, valued at up to $27 billion over five years.

But now Meta seems to be shifting gears -- Bloomberg reports that it is now building a cloud business of its own to sell excess AI computing capacity. The report comes after CEO Mark Zuckerberg indicated Meta might consider selling overbuilt computing capacity to other companies at a premium.

Image source: The Motley Fool.

And The New York Times reports that Meta is currently in talks with Anthropic, the start-up behind the Claude large language model, to lease as much as $10 billion in computing power to Anthropic over two years.

So is Meta Platforms a valued customer or a potential competitor to CoreWeave and Nebius? That's the question that should be keeping investors up at night.

While Meta Platforms is a prominent name in the stock market -- the operator of Facebook, Instagram, and other social media platforms -- CoreWeave and Nebius may not be. Both companies are considered "neocloud" companies, which means they build high-performance data centers powered by Nvidia graphics processing units and then rent the computing power to customers who build, train, and operate AI-powered programs.

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CoreWeave is the bigger of the two, operating 43 data centers at the end of March with 850 megawatts of active power and 3.1 gigawatts of contracted power. CoreWeave reported $2.07 billion in revenue in the first quarter, up from $982 million a year ago, with a net loss of $740 million.

Nebius is smaller, with 11 data centers, and only five of them are currently operational. But the company reports contracted capacity exceeding 3.5 GW, and its revenue increased from $50.9 million in the first quarter of 2025 to $399 million in Q1 2026. It posted a net loss for the quarter of $100.3 million.

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Meta's shifting strategy Meta Platforms and its CEO, Mark Zuckerberg, will certainly face a lot of questions about Meta's strategy when it reports quarterly earnings on July 29. But the company has shown a willingness to take big risks.

Remember, this is the company that in 2021 changed its name from Facebook to Meta Platforms to emphasize its shift to building out the metaverse -- a virtual reality where people would presumably work, have meetings, and socialize. But that bet failed, and after investing $80 billion, Meta has started laying off some employees in its Reality Labs division.

Whether it's positioning itself to compete with CoreWeave and Nebius or considering taking on big cloud computing companies such as Alphabet, Microsoft, and Amazon, Meta is determined to be a player in AI. As it shifts its attention away from the metaverse, Meta will have plenty of resources and willingness to spend aggressively.

Better late than never: Intel (INTC -8.02%) has officially joined the artificial intelligence (AI) infrastructure boom, with the company seeing its data center and AI segment revenue surge in the second quarter. Shares jumped in after-hours trading, but Intel gave back those gains after management acknowledged the company would meaningfully increase its capital expenditures (capex) this year. Punishing AI stocks that increase their capex has been a major theme this earnings season.

Intel's stock has now lost about a third of its value from its recent highs. However, its shares are still up more than 150% on the year and over 300% in the past 12 months.

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Server CPUs lead the way The biggest driver of Intel's growth was data center central processing units (CPUs). Demand for server CPUs has increased in the second quarter on a sequential basis and management expects double-digit industry growth both this year and next, with momentum continuing into 2028. Meanwhile, demand continues to far outstrip supply, leading to higher CPU prices across the board.

This helped lead to a 59% jump in its data center and AI product revenue to $6.3 billion. Its client computing group product revenue rose 13% year over year to $8.9 billion, leading to total product revenue climbing 28% to $15.1 billion. That was a big step up from the 9% rise in product revenue it saw in Q1.

Intel's foundry business, meanwhile, saw revenue surge 31% to $5.8 billion. However, the segment continues to post large operating losses, with a $2.1 billion loss in the quarter. Revenue from Intel's other businesses sank 33% year over year to $0.7 billion, largely due to the sale of 51% of its Altera subsidiary.

Overall revenue for Intel climbed 25% to $16.1 billion, its fastest growth in almost 15 years. Its adjusted earnings per share went from a loss of $0.10 to a profit of $0.42. This was bolstered by a big 1,290 basis-point increase in its gross margins to 40.4%.

Looking ahead, Intel projected Q3 revenue to be between $15.8 billion and $16.8 billion with adjusted EPS of $0.38. That was well ahead of the $0.27 in EPS and $15.1 billion in sales that analysts were expecting. It projected gross margins to be around 41%.

It expects supply constraints to affect it next quarter, with improvements starting to show up toward the end of the quarter and into Q4. It also raised its projected capex, taking its 2026 budget from initial guidance of around $17 billion to $18 billion to over $20 billion. Capital expenditures for 2027, meanwhile, are expected to be significantly above 2026 levels.

Image source: The Motley Fool.

While Intel is starting to see strong momentum in its data center and AI segment, this seems more driven by the sudden need of hyperscalers to grab whatever server CPUs they can to help handle agentic AI than by any big moves that the company has made. CPU demand is through the roof, which is helping with pricing in its client computing group segments. And while its foundry business is gaining some traction, it remains a money-draining business during one of the biggest semiconductor booms of all time.

Before its run, Intel was a cheap stock barely trading above the value of its physical assets. Now it has a forward P/E of 105, and the stock's valuation looks bloated for a company that seems more like a passenger than one helping to drive the market. I think there are better AI stocks out there to buy.

Shares of IBM (IBM +3.65%) fell 25% on July 14 after the company released preliminary second-quarter results. CEO Arvind Krishna explained that customers shifted their spending toward servers, storage, and memory as hardware prices continued to rise.

This caused spending delays on numerous large software deals, primarily in its mainframe and transaction-processing business. While enterprise demand for artificial intelligence (AI) infrastructure takes center stage, Krishna declared that "value will increasingly shift toward the orchestration and data layers" on its earnings call.

Image source: The Motley Fool.

The pure-play advantage   IBM has been building the governance and control layer that an organization needs to run its own AI. At the same time, Palantir Technologies (PLTR -0.30%) has carved a position in the market by turning enterprise data into decisions.

IBM's AI-related software includes Sovereign Core for auditable runtime control and the recently acquired Confluent for data streaming. It also launched Lightwell, a $5 billion commitment to help clients address open-source vulnerabilities.

Even if these efforts are successful, the company remains a multisegment incumbent, where software, consulting, and infrastructure each follow their own cycles.

Palantir, on the other hand, is a pure play on this theme. Its platforms, including Foundry and the Artificial Intelligence Platform, integrate an organization's data and run AI-powered applications.

Is the pullback an entry point? In May, Palantir posted revenue growth of 85%, its 11th consecutive quarter of acceleration. This drove strong operating leverage, as margins expanded from 44% to 60% year over year.

Existing customers continue to ramp up spending, with net dollar retention at 150% and total remaining deal value climbing 98% to nearly $12 billion.

The trade-off for this concentrated exposure is a rich valuation, as the stock trades at roughly 39 times this year's sales and 67 times free-cash-flow guidance. IBM is cheaper at just 17 times forward earnings, but not necessarily more attractive, as each segment will perform differently in an AI-enabled future.

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Meanwhile, after a 30% drawdown this year, Palantir's shares are beginning to look more reasonable. The growth runway is impressive, and the cash keeps piling up, but I'm not quite ready to pull the trigger yet.

Bryan White has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends International Business Machines and Palantir Technologies. The Motley Fool has a disclosure policy.

Chipotle Mexican Grill opened its first restaurant in Mexico this month as part of the fast-casual chain’s international growth strategy.

The new location opened on July 16 in San Pedro Garza García, Nuevo León, part of the Monterrey metropolitan area, and is being operated in partnership with restaurant operator Alsea, according to a news release from Chipotle.

“We are entering Mexico with deep respect for the country’s culinary heritage and a commitment to delivering the Chipotle experience with excellence,” Scott Boatwright, CEO of Chipotle, said in a statement. 

“Our research has reinforced our belief that there is strong interest in high-quality, freshly prepared food served with the customization and convenience that Chipotle offers.”

Chipotle and Alsea plan to open additional locations in Nuevo León later this year, followed by an expansion into Mexico City in 2027. 

The restaurant is the first to open under a development agreement the companies announced in April 2025.

Alsea runs several thousand restaurants from global quick-service, coffee shop and full-service brands in many countries in Latin America and Europe, according to Chipotle.

Chipotle Mexican Grill just opened its first restaurant in Mexico, kicking off a major international expansion. AFP via Getty Images

The new spot in San Pedro Garza García, Nuevo León, is a partnership with restaurant operator Alsea. AFP via Getty Images The new restaurant offers Chipotle’s standard menu of customizable burritos, bowls, tacos, salads and quesadillas. Many ingredients are sourced from regional suppliers, according to the company.

Chipotle said the Monterrey area was selected because of its “strong economy, growing population” and position as a major business hub. 

“Bringing Chipotle to Mexico is an important step in our growth and portfolio diversification strategy,” Christian Gurría, CEO of Alsea, said in a statement. “We are introducing an iconic brand with a differentiated value proposition that has resonated with millions of guests around the world, and we are confident it will be warmly welcomed by Mexican consumers.”

Chipotle and Alsea plan more locations in Nuevo León this year, then Mexico City in 2027, expanding its global reach. REUTERS As of March 31, Chipotle operated more than 4,100 restaurants worldwide.

The restaurant chain expects to open between 350 and 370 new locations in 2026. Its international footprint includes restaurants in Canada, Europe and the Middle East, with additional openings planned in South Korea and Singapore.

Chipotle could not immediately be reached by FOX Business for additional comment.