Track market-moving stories before they get noisy

Salman Hassan Khan, the chief financial officer of MARA Holdings, Inc. (MARA +4.97%), reported a sale of 16,000 shares of common stock on July 17, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueShares sold (indirectly held)16,000Transaction value$174,400Post-transaction shares (directly held)1,670,140Post-transaction shares (indirectly held)393,066Post-transaction value$22.06 millionTransaction value based on SEC Form 4 weighted average sale price ($10.90); post-transaction value based on July 17, 2026 market close ($10.69).

Key questionsWhat was the mechanism governing this transaction?
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2025. This allows insiders to set up a predetermined schedule for selling shares to avoid concerns about trading on non-public information.How does this sale affect Salman Hassan Khan's long-term exposure to the company?
Despite the disposition of 16,000 shares, the CFO maintains a substantial equity position of about 2.1 million total shares. His direct holdings of 1.7 million shares remain unchanged by this transaction.What is the recent performance context for the stock?
As of the transaction date, shares have seen a one-year decline of roughly 35%. The broader company context includes a trailing twelve-month net loss of $2.0 billion.Who are the beneficiaries of the indirect holdings?
The shares sold were held by the S & N Khan Family Trust. The reporting person and his spouse act as trustees, while immediate family members are the sole beneficiaries of this entity.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$12.25Market Capitalization$4.7 billionRevenue (TTM)$867.8 millionNet Income (TTM)-$2.0 billionCompany SnapshotMARA Holdings operates as a digital asset technology company focused on Bitcoin mining, generating revenue through the ownership and operation of Bitcoin mining facilities, the sale of proprietary software and technology to third-party Bitcoin ecosystem operators, and the provision of advisory and consulting services to support Bitcoin mining ventures across domestic and international jurisdictions.The company's business model centers on deploying capital-intensive mining infrastructure powered by renewable energy resources, leveraging technological innovation to optimize mining operations, and monetizing intellectual property and expertise through software licensing and strategic advisory services.MARA Holdings serves institutional investors, cryptocurrency ecosystem participants, and energy companies seeking exposure to Bitcoin mining, targeting both domestic and international markets with a focus on sustainable, technology-enabled mining operations.MARA Holdings, Inc. is a substantial participant in the Bitcoin mining sector, positioning it as a significant infrastructure provider within the digital asset ecosystem. The company differentiates itself through its integration of renewable energy resources, proprietary mining technology, and advisory capabilities, enabling it to serve as both an operational mining enterprise and a technology solutions provider to the broader Bitcoin mining industry. Despite current profitability challenges reflected in a TTM net loss of $2.0 billion, the company maintains a strategic focus on long-term value creation within the evolving cryptocurrency infrastructure landscape.

What this transaction means for investorsThe shares were sold through the S & N Khan Family Trust, not his personal holdings, and trust assets can be managed for estate and family purposes on timelines that have nothing to do with where a stock trades day to day, or month to month. Plus, the plan behind it was set last September, and his combined position still runs to roughly 2.1 million shares.

As finance chief, Khan has been steering the company through a real pivot. First-quarter revenue fell 18% to $174.6 million, which he attributed on the latest earnings call to "an 18% decrease in Bitcoin's average price." However, MARA is now pushing into artificial intelligence and high-performance computing, buying French data center operator Exaion for $168 million in cash up front and cutting about 15% of its workforce at a cost of $45.9 million. It refinanced its credit line down to 7% from 10.5%, with $513.7 million in cash on hand. Long-term, the ongoing pivot will be a determinantfactor. Mining revenue rises and falls with Bitcoin, but data center contracts don't, and whether MARA can build a second business is the open question.

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

By PYMNTS  |  July 21, 2026

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Highlights

Capital One card purchase volume reached $253.8 billion, while legacy Discover purchase volume increased just under 2%.

Capital One completed its debit conversion to the Discover network and is now testing Capital One credit cards on the network.

Domestic card charge-offs and delinquencies declined as payment rates remained above pre-pandemic levels.  

Capital One’s Discover integration dominated discussion during the second-quarter earnings call, alongside new initiatives, with the bank testing Capital One credit cards on the Discover network while continuing to spend on technology and artificial intelligence (AI).

The company’s results on Tuesday (July 21) indicated that credit card purchase volume totaled $253.8 billion, increasing 15% sequentially and 26% from a year earlier. The year-over-year comparison includes the effect of Discover, which was present for only part of the second quarter of 2025.

Legacy Discover purchase volume increased just under 2% year over year. Purchase volume for legacy Capital One businesses, including Brex and the corporate card business transferred from commercial banking, increased about 14%. Management said most of that increase came from underlying organic growth.

Card loan growth was more restrained. Legacy Discover card loans declined 1.5% from a year earlier, while ending loans excluding Discover increased about 5.3%.

Chairman and CEO Richard Fairbank said Discover remains in what Capital One has called a “brownout” in loan growth during the integration. The company expects the constraint to continue for some time, although Fairbank said Capital One sees opportunities to increase Discover growth after the technology integration is completed.

Shares were up 0.2% in after hours trading Tuesday.

Discover Network Moves From Debit to Credit Capital One has completed the conversion of its debit cards to the Discover network, and the second quarter included the full quarterly run rate of the associated debit revenue synergies. Global Payment Network transaction volume reached approximately $190 billion, up about 9% sequentially.

The company is now testing credit card volume on the network.

“We are leaning hard into right now testing originating legacy Capital One branded accounts on the Discover network as well as testing the conversion of existing Capital One accounts to the Discover network,” Fairbank told analysts during the call.

Capital One has not announced how much credit card volume it will ultimately move or when. Fairbank said the company will make those decisions after evaluating the tests.

Network acceptance is part of that work. Capital One is addressing remaining domestic acceptance gaps and increasing international acceptance, with particular attention to Mexico, the Caribbean, Canada and the United Kingdom, which Fairbank identified as the four leading international destinations for its customers.

Technology and AI Spending Continues Capital One is carrying out the Discover integration alongside continued investment in its broader technology infrastructure.

Those investments continue to affect expenses. Domestic card non-interest expense increased 38% year over year, reflecting the addition of Discover as well as continuing technology investment.

Commentary during the call indicated that Capital One has realized about one-third of the announced Discover operating-expense synergies and expects to achieve the remainder by the second half of 2027.

Domestic card credit measures improved during the quarter. The net charge-off rate was 4.71%, down from 5.05% in the first quarter and 5.20% a year earlier.

The delinquency rate ended June at 3.39%, down 31 basis points sequentially and 21 basis points year over year. Management said credit trends were similar in the legacy Capital One and legacy Discover portfolios.

Capital One also released $662 million from its allowance for credit losses. CFO Andrew Young said the domestic card allowance reduction reflected “continued favorable observed credit in the quarter” and a modest reduction in the consideration given to economic uncertainty.

Consumers Continue to Spend and Pay Down Balances Capital One’s card results showed continued spending alongside relatively high payment rates.

Fairbank said spending growth was being driven by both account growth and “steady growth in spend per customer.” Payment rates remained “meaningfully above pre-pandemic levels across all of our customer segments,” while revolving rates have stabilized near pre-pandemic levels across the company’s major products and segments.

Those higher payment rates also help explain why loan balances are not growing as quickly as purchase volume. Fairbank said elevated payment rates “hold loan growth back a little bit,” while also associating them with stronger credit performance.

Western Alliance (WAL - Free Report) came out with quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -4.72%. A quarter ago, it was expected that this bank holding company would post earnings of $1.48 per share when it actually produced earnings of $2.22, delivering a surprise of +50%.

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

Western Alliance, which belongs to the Zacks Banks - West industry, posted revenues of $1.01 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.28%. This compares to year-ago revenues of $856.1 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Western Alliance shares have lost about 3.7% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Western Alliance was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.67 on $1.02 billion in revenues for the coming quarter and $9.50 on $4.06 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Northrim BanCorp (NRIM - Free Report) , is yet to report results for the quarter ended June 2026.

This holding company for Northrim Bank is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Northrim BanCorp's revenues are expected to be $53.1 million, up 5.7% from the year-ago quarter.

In the latest trading session, Leidos (LDOS - Free Report) closed at $104.92, marking a -1.96% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. Elsewhere, the Dow saw an upswing of 0.74%, while the tech-heavy Nasdaq appreciated by 1.29%.

Coming into today, shares of the security and engineering company had gained 2.08% in the past month. In that same time, the Computer and Technology sector lost 6.6%, while the S&P 500 lost 0.63%.

Market participants will be closely following the financial results of Leidos in its upcoming release. The company plans to announce its earnings on August 4, 2026. The company is expected to report EPS of $2.9, down 9.66% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, up 2.55% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.3 per share and revenue of $18.12 billion. These totals would mark changes of +2.59% and +5.53%, respectively, from last year.

Any recent changes to analyst estimates for Leidos should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. Leidos presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Leidos is holding a Forward P/E ratio of 8.7. This indicates a discount in contrast to its industry's Forward P/E of 12.98.

Investors should also note that LDOS has a PEG ratio of 1.57 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.

The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.

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

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Weatherford (WFRD - Free Report) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -40.22%. A quarter ago, it was expected that this oilfield service company would post earnings of $1.02 per share when it actually produced earnings of $1.49, delivering a surprise of +46.08%.

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

Weatherford, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.11 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.82%. This compares to year-ago revenues of $1.2 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

Weatherford shares have lost about 0.1% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.40 on $1.17 billion in revenues for the coming quarter and $5.94 on $4.69 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RPC (RES - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This oil and gas services company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

RPC's revenues are expected to be $464 million, up 10.3% from the year-ago quarter.

Chief Executive Officer Rahul G. Patel reported a disposition of 24,452 shares of Synaptics Incorporated (SYNA +5.14%) in a SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$2.8 millionShares sold (direct)24,452Post-transaction shares (directly held)86,868Post-transaction value$9.87 millionTransaction value based on SEC Form 4 weighted average sale price ($114.20); post-transaction value based on July 20, 2026 market close ($113.60).

Key questionsWhat was the composition of this transaction?
Approximately 81% of the volume, or 19,898 shares, was comprised of non-discretionary tax withholding associated with the settlement of restricted stock units, while the remaining 4,554 shares were sold via an existing trading plan.How did the transaction price compare to recent market levels?
The 10b5-1 plan sales were executed at weighted average prices ranging from $113.63 to $115.92 per share, while the stock was priced at $114.05 as of the July 17, 2026, market close.What is the insider's remaining stake in the company?
Following the disposition, the insider retains direct ownership of 86,868 shares, which represent an equity position of about $9.87 million.Was there any indirect ownership disclosed?
The filing indicates that all reported holdings are held directly, with no indirect equity positions through trusts or other legal entities identified in the disclosure.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$114.05Market Capitalization$4.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$48.1 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while leveraging third-party manufacturing partners to optimize capital efficiency and scalability.Synaptics serves original equipment manufacturers and system integrators in the personal computing, mobile, and consumer electronics markets, with primary customers including major laptop, smartphone, and peripheral device manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with approximately $1.2 billion in TTM revenue, specializing in human-machine interface and connectivity technologies. The company has demonstrated significant market momentum, with its stock appreciating 72% over the past year, reflecting investor confidence in its product portfolio and market positioning. Synaptics maintains competitive advantages through its specialized expertise in audio processing, video transmission, and connectivity solutions that enhance user experience across diverse consumer and computing platforms.

What this transaction means for investorsFor a chief executive, this is a relatively lean position, and since he just became CEO last year, it seems Patel is still building his stake rather than drawing it down, which is what you'd expect from a leader relatively early in the job.

The results, meanwhile, give him something to build on. Fiscal third-quarter revenue reached $294.2 million, up 10%, with core internet-of-things products jumping 31% and non-GAAP earnings per share hitting $1.09. On the latest earnings call, Patel said Synaptics is seeing "accelerating adoption,” with customer engagements continuing to expand, and the company guided to about $305 million for the following quarter and repurchased $39 million of stock, bringing the fiscal year total to $93 million. It carries $404.4 million in cash against $836.7 million in long-term debt. For long-term investors, that debt load is worth weighing against the buybacks, but ultimately Synaptics is returning cash while owing twice what it holds, signaling that it’s counting on continued growth.

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

Twilio (TWLO - Free Report) ended the recent trading session at $196.22, demonstrating a -4.39% change from the preceding day's closing price. This change lagged the S&P 500's 0.89% gain on the day. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.

Shares of the company have appreciated by 11.76% over the course of the past month, outperforming the Computer and Technology sector's loss of 6.6%, and the S&P 500's loss of 0.63%.

The upcoming earnings release of Twilio will be of great interest to investors. The company's earnings report is expected on August 6, 2026. The company is expected to report EPS of $1.32, up 10.92% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.42 billion, indicating a 15.84% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $5.81 billion. These totals would mark changes of +15.34% and +14.61%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Twilio. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Twilio currently has a Zacks Rank of #1 (Strong Buy).

From a valuation perspective, Twilio is currently exchanging hands at a Forward P/E ratio of 36.4. This represents a premium compared to its industry average Forward P/E of 19.97.

Investors should also note that TWLO has a PEG ratio of 2.02 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.1 at yesterday's closing price.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 35% of all 250+ industries.

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

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

For the quarter ended June 2026, Hancock Whitney (HWC - Free Report) reported revenue of $401.36 million, up 6.9% over the same period last year. EPS came in at $1.55, compared to $1.37 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $396.38 million, representing a surprise of +1.26%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.55.

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

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

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

Net interest margin (TE): 3.6% compared to the 3.6% average estimate based on four analysts.Efficiency Ratio: 55.3% compared to the 55.8% average estimate based on four analysts.Total net charge-offs as a percentage of average loans: 0.2% versus the three-analyst average estimate of 0.2%.Average Balance - Total interest earning assets: $33.21 billion versus the three-analyst average estimate of $32.82 billion.Total nonperforming loans: $113.68 million versus $110.97 million estimated by two analysts on average.Total nonperforming assets (Total nonaccrual loans + ORE and foreclosed assets): $126.54 million versus the two-analyst average estimate of $124.77 million.Total Noninterest Income: $108.35 million compared to the $106.33 million average estimate based on four analysts.Net interest income (TE): $295.23 million versus the four-analyst average estimate of $292.89 million.Net Interest Income: $293.01 million versus $290.15 million estimated by three analysts on average.Secondary mortgage market operations: $4.07 million versus the two-analyst average estimate of $3.99 million.Bank card and ATM fees: $23.18 million versus $22.16 million estimated by two analysts on average.Investment and annuity fees and insurance commissions: $14.62 million versus the two-analyst average estimate of $12.12 million.View all Key Company Metrics for Hancock Whitney here>>>

Shares of Hancock Whitney have returned +9.2% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Due to Meta Platforms' (META 0.30%) plans to spend massive sums on artificial intelligence infrastructure, its shares have fallen substantially from the 52-week high of $796.25 they reached last August. But the stock's trajectory has changed in recent days, edging up past $600.

The catalyst for Wall Street's renewed optimism is Meta CEO Mark Zuckerberg's plan to turn the company's expensive AI infrastructure into a cloud computing business that sells access to its artificial intelligence models. This will provide it with a new revenue stream and diversify Meta beyond its advertising-fueled social media foundation.

That new direction could become a key sales driver, as it has been for other tech titans that pursued cloud computing, such as Amazon, Microsoft, and notably, Meta's chief rival in digital advertising, Google parent Alphabet. But is Meta joining this cadre too late, or does its AI opportunity change the dynamics of its investment thesis? 

Image source: Getty Images.

A look at Meta's cloud computing ambitions Amazon, Microsoft, and Google are the world's top three providers of cloud computing capacity, demonstrating that this market is a natural fit for tech businesses already pouring money into data center infrastructure. Meta -- the fourth of the big hyperscalers -- finally throwing its hat into the ring makes sense, especially since it plans to spend as much as $145 billion on capital expenditures this year, up substantially from 2025's $72.2 billion.

However, it could take years for the revenue it generates from its cloud business to become meaningful. The Facebook parent hoped to make the metaverse a significant new sales and profit source, and even changed its name back in 2021 to reflect that goal, but to no avail. After enormous investments in its metaverse aspirations, the company continues to make nearly all of its revenue from advertising. For instance, $55 billion of its $56.3 billion in first-quarter sales came from ads.

Yet Meta's cloud strategy is a different beast. Artificial intelligence is already gaining broad market traction, unlike the metaverse. The company is providing its proprietary AI models to customers for a fee, akin to the approach adopted by the likes of OpenAI.

Moreover, the barriers to entry in this space are high. Developing a proprietary AI model requires significant funding to establish the necessary infrastructure. So much money is required that even Alphabet's enormous cash-generating business isn't enough to cover its costs; it recently engaged in a massive $84.75 billion equity offering, the largest in U.S. history.

Today's Change

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Current Price

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643.93

Meta's approach to AI Another factor making AI a unique opportunity is that Zuckerberg sees the tech evolving into a superintelligence. 

"We have begun to see glimpses of our AI systems improving themselves," he said. Rather than this technology being used in a general capacity, he envisions AIs tailored to individual needs.

"Meta's vision is to bring personal superintelligence to everyone," Zuckerberg said. "We believe in putting this power in people's hands to direct it toward what they value in their own lives."

If Meta can deliver on this vision, its AI cloud business could become a substantial revenue source. After all, Google's cloud division delivered $17.7 billion in sales last year, representing fast growth from 2021's $5.5 billion, the year before OpenAI's ChatGPT exploded onto the scene.

Even though Meta's stock has ticked upward, its forward price-to-earnings ratio of 21 remains near its low point for the past year. This suggests a good share price valuation, making now an opportune time to consider buying Meta shares.

Robert Izquierdo has positions in Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.

Nvidia (NVDA - Free Report) closed the most recent trading day at $207.29, moving +1.97% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.89%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.

Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 2.57% over the past month, outpacing the Computer and Technology sector's loss of 6.6% and lagging the S&P 500's loss of 0.63%.

The investment community will be paying close attention to the earnings performance of Nvidia in its upcoming release. The company's earnings per share (EPS) are projected to be $2.09, reflecting a 99.05% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $91.71 billion, up 96.2% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $9.09 per share and revenue of $387.84 billion, which would represent changes of +90.57% and +79.61%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Nvidia. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.54% higher within the past month. At present, Nvidia boasts a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that Nvidia has a Forward P/E ratio of 22.37 right now. This indicates a discount in contrast to its industry's Forward P/E of 49.42.

We can also see that NVDA currently has a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NVDA's industry had an average PEG ratio of 0.93 as of yesterday's close.

The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 5, putting it in the top 3% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

By Reuters

July 21, 202610:38 PM UTCUpdated 1 hour ago

A United Airlines flight lands in front of the U.S. Capitol at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., November 7, 2025. REUTERS/Nathan Howard Purchase Licensing Rights, opens new tab

CompaniesJuly 21 (Reuters) - A union representing over 11,000 mechanics and ​other employees at United ‌Airlines (UAL.O), opens new tab secured an in-principle agreement for a new contract following ​two years of ​bargaining, it said on Tuesday.

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The ⁠new contract agreed by ​the Teamsters United Airlines ​union will provide a $5,000 signing-on bonus per member, totaling $54 million.

The union ​said it "fully recommends ​ratification of this agreement."

The contract promises "industry-leading ‌wage ⁠increases" and brings down "wage progression to top-of-scale pay" to five years, from the ​current ​eight-year ⁠period.

Union members will have the opportunity to ​review the full ​contract ⁠and vote for ratification once the details and language ⁠of ​the contract ​are finalised.

Reporting by Nandan Mandayam in ​Bengaluru; Editing by Shailesh Kuber

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

PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed the most recent trading day at $84.83, moving -1.42% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.

Prior to today's trading, shares of the company had gained 10.16% outpaced the Retail-Wholesale sector's gain of 1.33% and the S&P 500's loss of 0.63%.

The upcoming earnings release of PDD Holdings Inc. Sponsored ADR will be of great interest to investors. The company is predicted to post an EPS of $2.85, indicating a 7.47% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $17.13 billion, up 18.04% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.37 per share and revenue of $70.74 billion, which would represent changes of +0.1% and +16.67%, respectively, from the prior year.

Any recent changes to analyst estimates for PDD Holdings Inc. Sponsored ADR should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. PDD Holdings Inc. Sponsored ADR is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that PDD Holdings Inc. Sponsored ADR has a Forward P/E ratio of 8.3 right now. This indicates a discount in contrast to its industry's Forward P/E of 17.17.

Meanwhile, PDD's PEG ratio is currently 0.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Commerce stocks are, on average, holding a PEG ratio of 1.13 based on yesterday's closing prices.

The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% of all 250+ industries.

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

To follow PDD in the coming trading sessions, be sure to utilize Zacks.com.

Chubb (CB - Free Report) came out with quarterly earnings of $7.26 per share, beating the Zacks Consensus Estimate of $6.63 per share. This compares to earnings of $6.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.50%. A quarter ago, it was expected that this insurer would post earnings of $6.48 per share when it actually produced earnings of $6.82, delivering a surprise of +5.25%.

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

Chubb, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $15.77 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.8%. This compares to year-ago revenues of $14.81 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Chubb shares have added about 13% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.33 on $16.81 billion in revenues for the coming quarter and $26.77 on $64.36 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, The Hartford Insurance Group (HIG - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 23.

This insurance and financial services company is expected to post quarterly earnings of $3.13 per share in its upcoming report, which represents a year-over-year change of -8.2%. The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level.

The Hartford Insurance Group's revenues are expected to be $5.19 billion, up 6% from the year-ago quarter.

Fortinet (FTNT - Free Report) closed the most recent trading day at $158.10, moving -1.41% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.89%. Elsewhere, the Dow saw an upswing of 0.74%, while the tech-heavy Nasdaq appreciated by 1.29%.

Shares of the network security company witnessed a gain of 10.3% over the previous month, beating the performance of the Computer and Technology sector with its loss of 6.6%, and the S&P 500's loss of 0.63%.

Analysts and investors alike will be keeping a close eye on the performance of Fortinet in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. It is anticipated that the company will report an EPS of $0.75, marking a 17.19% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.88 billion, indicating a 15.44% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates project earnings of $3.15 per share and a revenue of $7.8 billion, demonstrating changes of +14.13% and +14.67%, respectively, from the preceding year.

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

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

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.68% higher. At present, Fortinet boasts a Zacks Rank of #1 (Strong Buy).

In terms of valuation, Fortinet is presently being traded at a Forward P/E ratio of 50.85. This expresses no noticeable deviation compared to the average Forward P/E of 50.85 of its industry.

We can additionally observe that FTNT currently boasts a PEG ratio of 3.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Security industry stood at 3.24 at the close of the market yesterday.

The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 40, finds itself in the top 17% echelons of all 250+ industries.

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

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

Rocket Lab stock is surging. Why are RKLB shares rallying? Rocket Lab Awarded Suborbital Launch ContractRocket Lab has been awarded a $266 million firm-fixed-price completion contract for suborbital launch from the U.S. Space Force’s Space Systems Command.

The contract covers the launch of 12 suborbital launch vehicles, with six optional additional launches. Work will be performed at the Pacific Spaceport Complex in Alaska and is expected to be completed by Dec. 31, 2028.

The award was a competitive acquisition, with three offers received. Fiscal 2025 research, development, test and evaluation funds totaling $112 million are being obligated at the time of the award.

The Space Systems Command at Kirtland Air Force Base in Albuquerque, New Mexico, is the contracting activity.

RKLB Shares Rise After The CloseRKLB Price Action: Rocket Lab shares were up 5.89% in after-hours, trading at $73.19 at the time of publication on Tuesday, according to Benzinga Pro.

Photo: courtesy of Rocket Lab.

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Here’s a look at the details inside the print. 

COF stock is moving. Watch the price action here. Capital One reported quarterly earnings of $5.81 per share, which beat the consensus estimate of $4.77 by 21.8%, according to Benzinga Pro data.

Quarterly revenue came in at $15.85 billion, which beat the Street estimate of $15.77 billion and was up 26.88% from $12.492 billion in the same period last year.   

Capital One gave the following second quarter income statement summary:

“Our results in the second quarter continue to reflect solid top line growth and strong credit performance,” said Richard D. Fairbank, founder and CEO. “We’re now 14 months into our integration of Discover, and integration is going well.”

COF Stock Price Activity: According to data from Benzinga Pro, Capital One shares were up 0.37% to $206.98 in Tuesday’s extended trading.  

Photo: Shutterstock

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today a quarterly dividend of $1.35 per share on its common stock.

The dividend is payable August 20, 2026, to shareholders of record on August 7, 2026.

The company has paid a dividend on its common stock for 176 consecutive quarters since its formation in 1982.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www.NorfolkSouthern.com. 

SOURCE Norfolk Southern Corporation

Also from this source

Hawaiian Airlines-branded Boeing 737-800s will replace the retiring Boeing 717 fleet, bringing proven, reliable aircraft with premium interiors and fast, free Starlink Wi-Fi to Neighbor Island flying. The future fleet will be based in Honolulu (HNL) and flown and crewed by Honolulu-based pilots and flight attendants. This represents the next step in the journey to bring more value to Hawai'i and the Hawai'i traveler, building on an expanded network, industry-leading loyalty program and comprehensive investments across technology, aircraft, airports, guest experience and community. , /PRNewswire/ --  Alaska Airlines, Inc. today announced the future fleet plan for Hawaiian Airlines' Neighbor Island flying – a modern fleet of Hawaiian-branded Boeing 737-800 aircraft that will replace Hawaiian's retiring Boeing 717 fleet, delivering a significantly improved guest experience and greater reliability for Hawai'i and the Hawai'i traveler.

The 737-800 aircraft will feature a modern premium onboard experience that includes:

Alaska Airlines, Inc. selects 737-800s to strengthen Hawaiian Airlines’ Neighbor Island service, enhancing the guest experience and increasing capacity

Alaska Airlines, Inc. selects 737-800s to strengthen Hawaiian Airlines’ Neighbor Island service, enhancing the guest experience and increasing capacity

Twice as many First Class seats and the addition of more than 30 Premium Class seats, creating more upgrade opportunities for Huaka'i by Hawaiian and Atmos™ Rewards members Fast, free Starlink Wi-Fi on all flights More room in cargo for surfboards Reclining leather Recaro seats throughout the aircraft 110V power outlets, USB charging and seatback device holders at every seat "Neighbor Island service is part of the fabric of life in Hawai'i, and we know how deeply our guests, employees and communities care about its future," said Diana Birkett Rakow, CEO of Hawaiian Airlines. "This decision reflects our commitment to invest in Hawai'i for the long term, to strengthen Hawaiian Airlines and to honor the local expertise, culture and care that have made Hawaiian the airline of Hawai'i for nearly a century."

The future fleet will carry the Hawaiian brand and focus on Neighbor Island service, based in Honolulu (HNL). The airline's plan is for these aircraft to be flown by Honolulu-based pilots and flight attendants once the integration is complete, sustaining the safe, reliable and frequent service Hawai'i residents depend on for work, school, family, medical care and everyday life across the Islands while delivering a more modern and premium onboard experience for all guests.

Neighbor Island flying is uniquely demanding, with short segments, frequent daily cycles and operations in a salt-air environment. The 737-800 is a durable, reliable and proven aircraft with airframes and engines that can withstand the high cycles of Neighbor Island operations, while enabling the airline to maintain capacity to meet demand with a full schedule of frequent departures from morning to evening.

"The 737-800 gives us a proven, capable platform for the next chapter of Neighbor Island flying," said Jim Landers, Head of Hawai'i Operations. "It is well suited to the operational needs of the Islands and gives our teams a clear path to transition from the 717s while continuing to deliver the reliable service our guests expect."

The goal is to begin the fleet transition in 2028 and move quickly to bring this additional capacity and enhanced experience to our guests. Additional details will be shared as planning continues.

To sustain frequency and capacity and meet the needs of Hawai'i's communities in the near-term, prior to the transition, Alaska will supplement 717 Neighbor Island flying with 737 capacity. Starting in October, one Alaska-branded 737 aircraft will fly three round trips per day between Honolulu and Kahului (OGG). This 737 will operate out of Terminal 1 at Honolulu's Daniel K. Inouye International Airport, and guests will be able to check in at Terminal 1.

The fleet decision is a key step in Alaska Accelerate, Alaska Air Group's strategic plan to deliver long-term growth by strengthening the company's dual-brand strategy, expanding the reach of Hawaiian Airlines and investing in the markets that matter most to guests. Strength in Hawai'i and continued investment in the Hawaiian Airlines brand are central to that plan.

Since combining Alaska Airlines and Hawaiian Airlines, the company has continued to invest in Hawai'i, strengthening connectivity through a broader network, launching a new, more valuable loyalty program, improving technology, planning a new Honolulu lounge and airport improvements across Hawai'i, and elevating the guest experience while deepening its commitment to local communities. The future Neighbor Island fleet builds on that journey, serving Hawai'i better together while honoring and sustaining two strong and beloved brands.

 "We fly for Hawai'i and have the privilege of serving and representing Hawai'i through the Hawaiian Airlines brand, which will be reflected across even more flights as our operational integration continues. Investment in a dedicated Hawaiian Airlines-branded 737-800 fleet is about more than aircraft. It is about protecting the connections that make life possible across the islands and ensuring Hawaiian remains strong for the future," added Birkett Rakow.

About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."

SOURCE Alaska Airlines

Second quarter revenue of $1,105 million decreased 4% sequentially  Second quarter operating income of $107 million decreased 13% sequentiallySecond quarter net income of $39 million decreased 64% sequentially; net income margin of 3.5%Second quarter adjusted EBITDA* of $223 million, decreased 4% sequentially; adjusted EBITDA margin* of 20.2% decreased 4 basis points sequentiallySecond quarter cash provided by operating activities of $175 million and adjusted free cash flow* of $139 millionShareholder return of $36 million for the quarter, which included dividend payments of $20 million and share repurchases of $16 millionAnnounced the acquisition of NCS Multistage (NASDAQ: NCSM) in a stock-and-cash transaction, expanding Weatherford’s well completions portfolioIntroduced an updated plan to redomesticate from Ireland to Delaware, reflecting continued confidence in the initiative’s long-term value creation potentialAwarded several Managed Pressure Drilling (“MPD”) contracts from Noble Corporation, Constellation Oil Services and Ventura Offshore Holding Ltd. *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

HOUSTON, July 21, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the second quarter of 2026.

Revenues for the second quarter of 2026 were $1,105 million, a decrease of 4% sequentially and a decrease of 8% year-over-year. Operating income in the second quarter of 2026 was $107 million, a decrease of 13% sequentially and a decrease of 55% year-over-year. Net income in the second quarter of 2026 was $39 million, with a 3.5% margin, a decrease of 64%, or 585 basis points, sequentially, and a decrease of 71%, or 777 basis points, year-over-year. Adjusted EBITDA* was $223 million, with a 20.2% margin*, a decrease of 4% or 4 basis points, sequentially, and a decrease of 12% or 92 basis points, year-over-year. Basic income per share in the second quarter of 2026 was $0.55, a decrease of 63% sequentially and a decrease of 70% year-over-year. Diluted income per share in the second quarter of 2026 was $0.55, a decrease of 63% sequentially and a decrease of 70% year-over-year.

Second quarter 2026 cash flows provided by operating activities were $175 million, an increase of 29% sequentially and an increase of 37% year-over-year. Adjusted free cash flow* was $139 million, an increase of 64% sequentially and an increase of 76% year-over-year. Capital expenditures were $42 million in the second quarter of 2026, a decrease of 22% sequentially and a decrease of 22% year-over-year.

Girish Saligram, President and Chief Executive Officer, commented, “Despite the significant disruption in the Middle East due to the Iran conflict, our second-quarter results, especially adjusted free cash flow, were strong, demonstrating the reliability and resilience of our operating paradigm. I am proud of the One Weatherford team for coming together to deliver once again.

While the Middle East situation remains volatile and creates activity headwinds in the short term, our longer-term thesis remains intact. A return to the pre-conflict operating levels is expected to be gradual, contingent on continued regional stability, and requires an absence of further geopolitical escalation. Our second half 2026 outlook is appropriately adjusted to reflect these dynamics and while our total year outlook has slightly reduced, the second half represents a significant ramp up in margin contribution versus the first half.

We remain focused on the factors within our control, driving long-term shareholder value through disciplined execution, portfolio strengthening, and structural simplification. The adjusted free cash flow performance and improved outlook on conversion is a consequence of this focus. The acquisition of NCS Multistage strengthens our completions portfolio, expands our technology offering, and gives us at least $15 million of cost synergies upon closing and integration. In parallel, our updated proposal to redomesticate to Delaware reinforces our commitment and our shareholders’ confidence in the multi-faceted benefits of this initiative. When completed, we expect the redomestication and related corporate restructuring to generate $20 to $30 million of annual cash savings, further enhancing our cash flow profile.”

*Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

Operational & Commercial Highlights

Noble Corporation awarded Weatherford multiple MPD contracts and a global aftermarket agreement in Nigeria.Constellation Oil Services awarded Weatherford two contracts to provide offshore well intervention operations and MPD in deepwater Brazil.Ventura Offshore Holding Ltd. awarded Weatherford a complete MPD solution contract for the SSV Victoria offshore drilling rig in Brazil.Valaris awarded Weatherford a two-year contract to provide MPD equipment and services in offshore Brazil.Esso Exploration & Production Nigeria Ltd., an ExxonMobil affiliate, awarded Weatherford a deepwater integrated completions contract including integrated upper and lower completions solutions for deepwater wells in offshore Nigeria.Petroleum Development Oman awarded Weatherford a three-year contract to provide Integrated Drilling Services covering 247 wells in the Marmul field, supporting both production and injection operations, following the successful completion of the 837-well contract awarded in 2022.Chevron awarded Weatherford a five-year framework contract, which establishes the basis for Weatherford to provide Tubular Running Services (“TRS”), casing accessories, remote controlled top drive cement head, Fishing/Milling & Whipstocks services for Chevron’s Gorgon Stage 3 multi-well deepwater development project in Australia.Oil & Gas Development Company Limited awarded Weatherford a three-year contract to provide Wireline services in Pakistan.PTTEP Thailand awarded Weatherford a 22-month contract to supply downhole deployment valves and services for Sinphuhorm oil and gas field.
Kuwait Oil Company awarded two five-year contracts for the supply of Annular Casing Packer for Triassic-Paleozoic High-Pressure High-Temperature Wells and the supply of Electronic Submersible Pumps feed-through packers for multiple wells.Shell awarded Weatherford the non-welded mandrel scope for its offshore Gulf of America operations. Technology Highlights

Drilling & Evaluation (“DRE”) In Saudi Arabia, Weatherford completed the first qualification deployment of ArrayPro™ with Aramco, validating a fully integrated production logging solution for horizontal wells. The ruggedized system delivered high quality real time data and reliable performance in demanding environments, supporting improved reservoir insight and production optimization.In France, Weatherford supported Lithium de France’s geothermal and lithium exploration at Schwabwiller in Alsace using a PressurePro™ MPD Lite configuration with a Rotating Control Device and choke. The system maintained near balanced conditions and effectively managed influx behavior, enabling safe operations within a narrow operating window. This approach improved drilling efficiency and enabled the well to reach target depth, reinforcing Weatherford’s differentiated capability in European geothermal and lithium developments. Well Construction and Completions (“WCC”) In Denmark, Weatherford delivered its first MARS™ operation in Europe within a geothermal application for Innargi A/S. Selected over conventional logging for its multipoint array sensing capability, the system provided clear visualization across injection zones. Over a five-day campaign, it delivered detailed real-time insights into reservoir behavior, enabling the identification of previously undetected anomalies and supporting improved reservoir understanding.In the United Arab Emirates (“UAE”), Weatherford was recognized as “Best Liner Hanger Supplier and Services Provider” by a National Oil Company, reflecting strong execution and partnership performance. The Liner Hanger Systems team completed over 100 liner deployments across more than 22,000 operational hours in the previous year, demonstrating consistent delivery that reduces operational variability and supports efficient well construction and schedule reliability. Production and Intervention (“PRI”) In the UAE, Weatherford introduced the Rotaflex™ 1160 long stroke pumping unit, delivered as a fully integrated solution to address highly challenging unconventional reservoirs. Designed for rigless operations, the system is engineered to maximize recovery and accelerate payback. By optimizing performance across the full production system, it enhances reliability, reduces operational complexity, and supports lower power consumption and emissions.In the Permian Basin, Weatherford deployed its Hi-VOL™ hydraulic jet pump technology for key operators, replacing Electric Submersible Pump systems that had experienced premature failures in corrosive environments. This solution improves reliability, reduces intervention frequency and workover costs, and sustains production rates. Following the initial deployments at the end of 2025, the program expanded to 15 active units by the second quarter of 2026 with strong performance standards. Shareholder Return

During the second quarter of 2026, Weatherford paid dividends of $20 million and repurchased shares for $16 million, resulting in a total shareholder return of $36 million. In the first half of the year, Weatherford paid dividends of $40 million and repurchased shares for approximately $26 million, resulting in a total shareholder return of $66 million.

On July 16, 2026, our Board declared a cash dividend of $0.275 per share of the Company’s ordinary shares. The dividend is payable on September 3, 2026, to shareholders of record as of August 6, 2026.

Other Events

The previous proposal to redomesticate to Texas received support in excess of 60% of votes cast at the Company’s June 2026 shareholder meetings, but did not receive the requisite 75% support needed to pass. Consequently, the Company introduced an updated plan to redomesticate to Delaware. This revised proposal reinforces Weatherford’s conviction in the value creation potential through simplified corporate structure, effective execution of merger and acquisition transactions, improved financial market access, and increased shareholder value. Subject to approval in 2026, the redomestication and related corporate restructuring is expected to generate annual cash savings of approximately $20 to $30 million beginning in 2027.

Results by Reportable Segment

Drilling and Evaluation (“DRE”)

  Three Months Ended Variance($ in Millions) Jun 30,
2026 Mar 31,
2026 Jun 30,
2025 Seq. YoYRevenue $291  $321  $335  (9)% (13)%Segment Adjusted EBITDA $58  $72  $69  (19)% (16)%Segment Adj EBITDA Margin  19.9%  22.4%  20.6% (250)bps (67)bps Second quarter 2026 DRE revenue of $291 million decreased by $30 million, or 9% sequentially, primarily from lower MPD and Wireline activity in the Middle East on account of the heightened geopolitical tensions and lower Wireline activity in North America, partly offset by higher MPD activity in Europe/Sub-Sahara Africa/Russia. Year-over-year DRE revenue decreased by $44 million, or 13%, primarily from lower Wireline and Drilling-related Services activity, partly offset by higher MPD activity in Europe/Sub-Sahara Africa/Russia.

Second quarter 2026 DRE segment adjusted EBITDA of $58 million decreased by $14 million, or 19% sequentially, primarily from lower MPD and Wireline activity in the Middle East on account of the heightened geopolitical tensions and lower Wireline activity in North America, partly offset by higher MPD activity and strong fall through in Europe/Sub-Sahara Africa/Russia. Year-over-year DRE segment adjusted EBITDA decreased by $11 million, or 16%, primarily from lower Wireline and Drilling-related Services activity, partly offset by higher MPD activity and fall through in Europe/Sub-Sahara Africa/Russia.

Well Construction and Completions (“WCC”)

  Three Months Ended Variance($ in Millions) Jun 30,
2026 Mar 31,
2026 Jun 30,
2025 Seq. YoYRevenue $433  $443  $456  (2)% (5)%Segment Adjusted EBITDA $107  $110  $118  (3)% (9)%Segment Adj EBITDA Margin  24.7%  24.8%  25.9% (12)bps (117)bps Second quarter 2026 WCC revenue of $433 million decreased by $10 million, or 2% sequentially, primarily from lower Liner Hanger and Completions activity in the Middle East/North Africa/Asia, partly offset by higher Cementation Products activity in Middle East/North Africa/Asia and higher Completions activity in Europe/Sub-Sahara Africa/Russia. Year-over-year, WCC revenues decreased by $23 million, or 5%, primarily from lower activity in Middle East/North Africa/Asia, partly offset by higher Completions activity in Latin America.

Second quarter 2026 WCC segment adjusted EBITDA of $107 million decreased by $3 million, or 3% sequentially, primarily from lower Liner Hanger and Completions activity in the Middle East/North Africa/Asia and lower fall through in Latin America, partly offset by higher Cementation Products activity in Middle East/North Africa/Asia and higher Completions activity in Europe/Sub-Sahara Africa/Russia. Year-over-year WCC segment adjusted EBITDA decreased by $11 million, or 9% primarily from lower activity in Middle East/North Africa/Asia, partly offset by higher Cementation Products fall through in the region.

Production and Intervention (“PRI”)

  Three Months Ended Variance($ in Millions) Jun 30,
2026 Mar 31,
2026 Jun 30,
2025 Seq. YoYRevenue $316  $296  $327  7% (3)%Segment Adjusted EBITDA $70  $54  $63  30% 11%Segment Adj EBITDA Margin  22.2%  18.2%  19.3% 391bps 289bps Second quarter 2026 PRI revenue of $316 million increased by $20 million, or 7% sequentially, primarily from higher international Pressure Pumping activity and higher Artificial Lift activity in North America, partly offset by lower Artificial Lift activity in Latin America and Europe/Sub-Sahara Africa/Russia. Year-over-year PRI revenue decreased by $11 million, or 3%, primarily from lower Artificial Lift activity in North America and Latin America, partly offset by higher Pressure Pumping activity.

Second quarter 2026 PRI segment adjusted EBITDA of $70 million increased by $16 million, or 30%, sequentially, primarily from higher international Pressure Pumping activity and fall through, partly offset by lower Artificial Lift activity in Latin America and Europe/Sub-Sahara Africa/Russia. Year-over-year PRI segment adjusted EBITDA increased by $7 million, or 11% primarily from higher Intervention Services & Drilling Tools fall through in North America and Europe/Sub-Sahara Africa/Russia, partly offset by lower Subsea Intervention activity and fall through in Latin America.

Revenue by Geography 

  Three Months Ended Variance($ in Millions) Jun 30,
2026 Mar 31,
2026 Jun 30,
2025 Seq. YoYNorth America $205 $220 $241 (7)% (15)%           International $900 $932 $963 (3)% (7)%Latin America  197  223  195 (12)% 1%Middle East/North Africa/Asia  446  476  524 (6)% (15)%Europe/Sub-Sahara Africa/Russia  257  233  244 10% 5%Total Revenue $1,105 $1,152 $1,204 (4)% (8)% North America

Second quarter 2026 North America revenue of $205 million decreased by $15 million, or 7%, sequentially, primarily from lower Wireline and Completions activity in Canada, partly offset by higher Artificial Lift activity in U.S. land. Year-over-year, North America revenue decreased by $36 million, or 15%, primarily from lower Artificial Lift and Cementation Products activity, partly offset by higher Completions activity in U.S. offshore.

International

Second quarter 2026 international revenue of $900 million decreased by $32 million, or 3% sequentially and decreased by $63 million, or 7% year-over-year.

Second quarter 2026 Latin America revenue of $197 million decreased by $26 million, or 12% sequentially, primarily from lower Drilling-related Services and Integrated Services & Projects activity in Mexico, partly offset by higher Completions activity in the country. Year-over-year, Latin America revenue increased by $2 million, or 1%, primarily from higher Completions activity in the Caribbean and higher MPD in Mexico, partly offset by lower Drilling-related Services activity in Argentina and Mexico.

Second quarter 2026 Middle East/North Africa/Asia revenue of $446 million decreased by $30 million, or 6% sequentially, primarily from lower activity on account of heightened geopolitical tensions partly offset by higher Cementation Products activity in Saudi Arabia. Year-over-year, the Middle East/North Africa/Asia revenue decreased by $78 million, or 15%, primarily from lower activity on account of heightened geopolitical tensions partly offset by higher Drilling Services in Kuwait.

Second quarter 2026 Europe/Sub-Sahara Africa/Russia revenue of $257 million increased by $24 million or 10% sequentially, primarily from higher Pressure Pumping, Completions and MPD activity, partly offset by lower Drilling Services activity in Europe. Year-over-year, Europe/Sub-Sahara Africa/Russia revenue increased by $13 million or 5%, primarily from higher Pressure Pumping and MPD activity, partly offset by lower Drilling Services activity in Europe.

About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

Conference Call Details

Weatherford will host a conference call on Wednesday, July 22, 2026, to discuss the Company’s results for the second quarter ended June 30, 2026. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Listeners are encouraged to download the accompanying presentation slides which will be available in the investor relations section of the Company’s website.

Listeners can participate in the conference call via a live webcast at https://www.weatherford.com/investor-relations/investor-news-and-events/events/ or by dialing +1 877-328-5344 (within the U.S.) or +1 412-902-6762 (outside of the U.S.) and asking for the Weatherford conference call. Participants should log in or dial in approximately 10 minutes prior to the start of the call.

A telephonic replay of the conference call will be available until August 5, 2026, at 5:00 p.m. Eastern Time. To access the replay, please dial +1 855-669-9658 (within the U.S.) or +1 412-317-0088 (outside of the U.S.) and reference conference number 2958915. A replay and transcript of the earnings call will also be available in the investor relations section of the Company’s website.

Contacts
For Investors:
Luke Lemoine
Senior Vice President, Corporate Development & Investor Relations
+1 713-836-7777
[email protected] 

For Media:

Kelley Hughes
Senior Director, Communications, Marketing & Sustainability
[email protected] 

Forward-Looking Statements

This news release contains projections and forward-looking statements concerning, among other things, the Company’s adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, shareholder return program, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that forward-looking statements are only estimates and may differ materially from actual future events or results, based on factors including but not limited to: global political, economic and market conditions, political disturbances, war or other global conflicts, terrorist attacks, public health issues such as pandemics, changes in global trade policies, tariffs and sanctions, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; various effects from the Russia Ukraine conflict, conflicts in the Middle East (including the Iran conflict) or instability in Latin America, including, but not limited to, nationalization of assets, extended business interruptions, sanctions, treaties and regulations (including changes in the regulatory environment) imposed by various countries, associated operational and logistical challenges, and impacts to the overall global energy supply; cybersecurity issues; our ability to comply with, and respond to, climate change, environmental, social and governance and other sustainability initiatives and future legislative and regulatory measures both globally and in specific geographic regions; the price and price volatility of, and demand for, oil and natural gas; the macroeconomic outlook for the oil and gas industry; our ability to generate cash flow from operations to fund our operations; our ability to effectively and timely adapt our technology portfolio, products and services to remain competitive, and to address and participate in changes to the market demands, including for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts and our incorporation of artificial intelligence tools, increases in the prices and lead times, and the lack of availability of our procured products and services, including due to macroeconomic and geopolitical conditions such as tariffs and changes in trade policies, our ability to timely collect from customers; our ability to manage our workforce and systems, including the impact of our enterprise resource planning system implementation and business enhancements; our ability to effectively execute our capital allocation framework; our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases; the realization of additional cost savings and operational efficiencies, including as a result of our proposed Redomestication from Ireland to Delaware; our ability to receive, in a timely manner and on satisfactory terms, required shareholder and court approval, and to satisfy the other conditions to the proposed Redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the proposed Redomestication; the occurrence of difficulties in connection with the Redomestication, including any costs related thereto; the risk that the proposed Redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the proposed Redomestication; the future financial performance of Weatherford following the Redomestication; the risk that the proposed acquisition of NCS Multistage is not consummated as expected, in a timely manner or at all; and our ability to achieve the anticipated benefits of the proposed acquisition within the expected time period or at all.

These risks and uncertainties are more fully described in Weatherford’s reports and registration statements filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law, and we caution you not to rely on them unduly.
*Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

Additional Information and Where to Find It
In connection with the proposed Redomestication, Weatherford filed a definitive proxy statement with the SEC on July 13, 2026. Weatherford may also file other relevant documents with the SEC regarding the proposed Redomestication. The definitive proxy statement will be mailed to shareholders of Weatherford. This communication is not a substitute for any proxy statement or any other document that may be filed with the SEC or sent to Weatherford’s shareholders in connection with the proposed Redomestication.

INVESTORS AND SECURITY HOLDERS OF Weatherford ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT Weatherford AND THE PROPOSED REDOMESTICATION AND RELATED MATTERS.

Investors and security holders are able to obtain free copies of the definitive proxy statement and other documents containing important information about Weatherford and the proposed Redomestication through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Weatherford are available free of charge on Weatherford’s website at www.weatherford.com.

Participants in the Solicitation
Weatherford and its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from Weatherford’s shareholders in connection with the proposed Redomestication. Information about the directors and executive officers of Weatherford and their ownership of Weatherford’s securities is set forth in the definitive proxy statement relating to the proposed Redomestication https://www.sec.gov/Archives/edgar/data/1603923/000119312526302022/d136463ddef14a.htm, which was filed with the SEC on July 13, 2026, including under the section “Share Ownership”. Additional information regarding Weatherford’s directors and executive officers is also included in Weatherford’s 2026 Proxy Statement, which was filed with the SEC on April 21, 2026. You may obtain free copies of these documents using the sources indicated above.

Weatherford International plcSelected Statements of Operations (Unaudited)             Three Months Ended Six Months Ended($ in Millions, Except Per Share Amounts) June 30,
2026 March 31,
2026 June 30,
2025 June 30,
2026 June 30,
2025Revenues:          DRE Revenues $291  $321  $335  $612  $685 WCC Revenues  433   443   456   876   897 PRI Revenues  316   296   327   612   661 All Other  65   92   86   157   154 Total Revenues  1,105   1,152   1,204   2,257   2,397            Operating Income:          DRE Segment Adjusted EBITDA[1] $58  $72  $69  $130  $143 WCC Segment Adjusted EBITDA[1]  107   110   118   217   246 PRI Segment Adjusted EBITDA[1]  70   54   63   124   125 All Other[2]  6   13   19   19   23 Corporate[2]  (18)  (16)  (15)  (34)  (30)Depreciation and Amortization  (71)  (70)  (64)  (141)  (126)Share-based Compensation  (11)  (12)  (9)  (23)  (16)Gain on Sale of Business  —   —   70   —   70 Restructuring Charges  (9)  (13)  (11)  (22)  (40)Other Charges, Net  (25)  (15)  (3)  (40)  (16)Operating Income  107   123   237   230   379            Other Expense:          Interest Expense, Net of Interest Income of $11, $10, $14, $21, and $25  (16)  (17)  (21)  (33)  (47)Other Expense, Net  (16)  (1)  (25)  (17)  (45)Income Before Income Taxes  75   105   191   180   287 Income Tax (Provision) Benefit  (33)  4   (46)  (29)  (56)Net Income  42   109   145   151   231 Net Income Attributable to Noncontrolling Interests  3   1   9   4   19 Net Income Attributable to Weatherford $39  $108  $136  $147  $212            Basic Income Per Share $0.55  $1.50  $1.87  $2.05  $2.91 Basic Weighted Average Shares Outstanding  71.9   71.9   72.2   71.9   72.7            Diluted Income Per Share $0.55  $1.49  $1.87  $2.04  $2.90 Diluted Weighted Average Shares Outstanding  72.2   72.2   72.4   72.2   72.9                      [1] Segment adjusted EBITDA is our primary measure of segment profitability under U.S. GAAP ASC 280 “Segment Reporting” and represents segment earnings before interest, taxes, depreciation, amortization, share-based compensation, restructuring charges and other adjustments. Research and development expenses are included in segment adjusted EBITDA.[2] All Other includes results from non-core business activities (including integrated services and projects), and Corporate includes overhead support and centrally managed or shared facilities costs. All Other and Corporate do not individually meet the criteria for segment reporting. Weatherford International plcSelected Balance Sheet Data (Unaudited)    ($ in Millions)June 30, 2026 December 31, 2025Assets:   Cash and Cash Equivalents$1,100 $987Restricted Cash 37  55Accounts Receivable, Net 1,104  1,234Inventories, Net 811  836Property, Plant and Equipment, Net 1,131  1,124Intangibles, Net 265  285    Liabilities:   Accounts Payable 625  650Accrued Salaries and Benefits 241  285Current Portion of Long-term Debt 30  30Long-term Debt 1,450  1,455    Shareholders’ Equity:   Total Shareholders’ Equity 1,789  1,696 Weatherford International plcSelected Cash Flows Information (Unaudited)             Three Months Ended Six Months Ended($ in Millions) June 30,
2026 March 31,
2026 June 30,
2025 June 30,
2026 June 30,
2025Cash Flows From Operating Activities:          Net Income $42  $109  $145  $151  $231 Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:          Depreciation and Amortization  71   70   64   141   126 Foreign Exchange Losses (Gain)  10   (4)  17   6   30 Gain on Disposition of Assets  (7)  (6)  (3)  (13)  (4)Gain on Sale of Business  —   —   (70)  —   (70)Deferred Income Tax Provision (Benefit)  —   9   (5)  9   2 Share-Based Compensation  11   12   9   23   16 Changes in Accounts Receivable, Inventory, Accounts Payable, Accrued Salaries and Benefits and Income Taxes Payable  64   (26)  (33)  38   (47)Other Changes, Net  (16)  (28)  4   (44)  (14)Net Cash Provided By Operating Activities  175   136   128   311   270            Cash Flows From Investing Activities:          Capital Expenditures for Property, Plant and Equipment  (42)  (54)  (54)  (96)  (131)Proceeds from Disposition of Assets  6   3   5   9   6 Proceeds from Sale of Businesses  —   —   97   —   97 Purchases of Blue Chip Swap Securities  (11)  (3)  (83)  (14)  (83)Proceeds from Sales of Blue Chip Swap Securities  11   3   82   14   82 Other Investing Activities  (6)  (17)  (4)  (23)  (7)Net Cash Provided by (Used In) Investing Activities  (42)  (68)  43   (110)  (36)           Cash Flows From Financing Activities:          Repayments of Long-term Debt  (9)  (8)  (34)  (17)  (73)Distributions to Noncontrolling Interests  (5)  —   (8)  (5)  (8)Tax Remittance on Equity Awards  (1)  (17)  —   (18)  (20)Share Repurchases  (16)  (10)  (34)  (26)  (87)Dividends Paid  (20)  (20)  (18)  (40)  (36)Other Financing Activities  2   (1)  (3)  1   (6)Net Cash Used In Financing Activities $(49) $(56) $(97) $(105) $(230) Weatherford International plcNon-GAAP Financial Measures Defined (Unaudited) We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10(e) of Regulation S-K) may provide users of this financial information additional meaningful comparisons between current results and results of prior periods and comparisons with peer companies. The non-GAAP amounts shown in the following tables should not be considered as substitutes for results reported in accordance with GAAP but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

Adjusted EBITDA* - Adjusted EBITDA* is a non-GAAP measure and represents consolidated income before interest expense, net, income taxes, depreciation and amortization expense, and excludes, among other items, restructuring charges, share-based compensation expense, as well as other charges and credits. Management believes adjusted EBITDA* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA* should be considered in addition to, but not as a substitute for consolidated net income and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Adjusted EBITDA margin* - Adjusted EBITDA margin* is a non-GAAP measure which is calculated by dividing consolidated adjusted EBITDA* by consolidated revenues. Management believes adjusted EBITDA margin* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA margin* should be considered in addition to, but not as a substitute for consolidated net income margin and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Adjusted Free Cash Flow* - Adjusted Free Cash Flow* is a non-GAAP measure and represents cash flows provided by (used in) operating activities, less capital expenditures plus proceeds from the disposition of assets. Management believes adjusted free cash flow* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow* should be considered in addition to, but not as a substitute for cash flows provided by operating activities and should be viewed in addition to the Company's reported results prepared in accordance with GAAP.

Net Debt* - Net Debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cash and cash and equivalents as we monitor our ability to repay and service our debt. Net debt* should be considered in addition to, but not as a substitute for overall debt and total cash and should be viewed in addition to the Company’s results prepared in accordance with GAAP.​

Net Leverage* - Net Leverage* is a non-GAAP measure which is calculated by taking net debt* divided by adjusted EBITDA* for the trailing 12 months. Management believes the net leverage* is useful to understand our ability to repay and service our debt. Net leverage* should be considered in addition to, but not as a substitute for the individual components of above defined net debt* divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

*Non-GAAP - as defined above and reconciled to the GAAP measures in the section titled GAAP to Non-GAAP Financial Measures Reconciled

Weatherford International plcGAAP to Non-GAAP Financial Measures Reconciled (Unaudited)              Three Months Ended Six Months Ended($ in Millions, Except Margin in Percentages) June 30,
2026 March 31,
2026 June 30,
2025 June 30,
2026 June 30,
2025Revenues $1,105  $1,152  $1,204  $2,257  $2,397 Net Income Attributable to Weatherford $39  $108  $136  $147  $212 Net Income Margin  3.5%  9.4%  11.3%  6.5%  8.8%Adjusted EBITDA* $223  $233  $254  $456  $507 Adjusted EBITDA Margin*  20.2%  20.2%  21.1%  20.2%  21.2%           Net Income Attributable to Weatherford $39  $108  $136  $147  $212 Net Income Attributable to Noncontrolling Interests  3   1   9   4   19 Income Tax Provision (Benefit)  33   (4)  46   29   56 Interest Expense, Net of Interest Income of $11, $10, $14, $21, and $25  16   17   21   33   47 Other Expense, Net  16   1   25   17   45 Operating Income  107   123   237   230   379 Depreciation and Amortization  71   70   64   141   126 Other Charges Credits, Net[1]  25   15   3   40   16 Gain on Sale of Business  —   —   (70)  —   (70)Restructuring Charges  9   13   11   22   40 Share-Based Compensation  11   12   9   23   16 Adjusted EBITDA* $223  $233  $254  $456  $507            Net Cash Provided By Operating Activities $175  $136  $128  $311  $270 Capital Expenditures for Property, Plant and Equipment  (42)  (54)  (54)  (96)  (131)Proceeds from Disposition of Assets  6   3   5   9   6 Adjusted Free Cash Flow* $139  $85  $79  $224  $145                      [1]Other Charges, Net in the three and six months ended June 30, 2026 primarily includes redomestication and mergers and acquisitions. Other Charges, Net in the three and six months ended June 30, 2025 primarily includes fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico and other miscellaneous charges and credits.  *Non-GAAP - as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

Weatherford International plcGAAP to Non-GAAP Financial Measures Reconciled Continued (Unaudited)            ($ in Millions) June 30, 2026 March 31, 2026 June 30, 2025 Current Portion of Long-term Debt $30 $31 $26 Long-term Debt  1,450  1,453  1,565 Total Debt $1,480 $1,484 $1,591         Cash and Cash Equivalents $1,100 $1,012 $943 Restricted Cash  37  38  60 Total Cash $1,137 $1,050 $1,003         Components of Net Debt       Current Portion of Long-term Debt $30 $31 $26 Long-term Debt  1,450  1,453  1,565 Less: Cash and Cash Equivalents  1,100  1,012  943 Less: Restricted Cash  37  38  60 Net Debt* $343 $434 $588         Net Income for trailing 12 months $366 $463 $481 Adjusted EBITDA* for trailing 12 months $1,016 $1,047 $1,188         Net Leverage* (Net Debt*/Adjusted EBITDA*)  0.34x 0.41x 0.49x *Non-GAAP - as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

Twilio Inc (NYSE:TWLO) is expected to deliver second quarter results that exceed expectations on revenue and operating income, with investors likely to focus on whether the communications software company's gross profit growth can remain in the mid-teens during the second half of the year, according to Jefferies analysts.

Ahead of Twilio's August 6 earnings release, Jefferies wrote that it expects the company to post revenue and operating income above expectations, although it does not anticipate the same degree of outperformance as in the first quarter.

The firm added that while business fundamentals remain strong, the stock's premium valuation and heavy investor positioning could limit upside unless Twilio significantly raises its outlook.

Jefferies forecasts second-quarter revenue of $1.427 billion, up 16% year over year and broadly in line with consensus expectations and the company's guidance range of $1.42 billion to $1.43 billion.

The firm expects gross profit of $684 million, implying a gross margin of 47.9%, compared with consensus expectations of $690 million and a 48.3% margin. It projects operating income of $255 million, or a 17.9% operating margin, and earnings per share of $1.30, versus Wall Street expectations of $258 million in operating income and EPS of $1.33.

Jefferies expects gross profit dollar growth of 9.7% year over year, a moderation from the 16% growth reported in the first quarter as comparisons become more challenging.

Jefferies noted that investors will be looking for evidence that the broad-based momentum seen in the first quarter can continue, after growth was supported by stronger customer expansion, increased cross-selling and wider adoption of multiple products.

Key areas of focus include whether messaging growth remains resilient, whether voice growth accelerates alongside rising adoption of voice AI, continued strength in self-service and independent software vendor channels, and higher-margin software offerings such as Verify and branded messaging.

The firm also expects investors to assess whether Twilio's platform strategy, go-to-market improvements and AI-related product investments continue translating into sustainable growth beyond a single quarter.

Jefferies believes investors will also be watching for another increase to full-year guidance after the company raised its revenue outlook following first-quarter results. While the firm sees consensus forecasts as reasonable, it noted that many investors appear to be expecting organic revenue growth in the mid-to-high teens.

For the third quarter, Jefferies forecasts revenue of $1.459 billion, gross profit of $704 million, operating income of $266 million and earnings per share of $1.35.

Although Jefferies expects the company's fundamentals to continue improving, it noted that Twilio's strong share price performance this year has raised expectations, potentially making it harder for future earnings reports to drive further gains.

Shares of Twilio were down more than 4% on Tuesday at $196.

One of the healthier real estate investment trusts (REITs) on the stock market Tuesday was Sabra Health Care REIT (SBRA +10.20%). Investors pushed the company's shares up by more than 10% that trading session, on several positive news items.

Rebalancing The source of that investor optimism was an operational and financial update Sabra issued in the morning.

Image source: Getty Images.

The company said it has entered into letters of intent to retenant the 26 properties leased to senior living and post-acute care specialist Avamere. Sabra added that when these changes occur, the total rent for the portfolio should be $53 million annually, nearly 30% higher than the $41 million the REIT previously collected.

The moves are expected to finalize in the second half of this year.

The company also said that it has arranged a deal to retire a $300 million mortgage loan it provided to Recovery Centers of America (RCA). Under its terms, RCA will pay $200 million entirely in cash. Although this represents a significant discount, Sabra is using the proceeds wisely -- they are to be utilized to reduce the balance on the REIT's revolving line of credit.

Today's Change

(

10.20

%) $

2.04

Current Price

$

22.04

Good news about guidance The best news in all of this is that the changes led Sabra to raise its guidance for the entirety of 2026. The company now expects headline net income of $0.37 to $0.39 per share, and normalized, adjusted funds from operations (AFFO; a critical profitability metric for REITs) of $1.59 to $1.61 per share.

While the net income forecast is notably lower than the preceding guidance of $0.60 to $0.64 per share, it reflects one-time costs Sabra will incur in its actions. On the other hand, the normalized AFFO estimate is higher than the previous $1.55 to $1.59.

It seems to me that Sabra is clearing the decks for future growth and tidying its balance sheet. That in itself is good news, so I'd be bullish on the stock too.

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

3 Overlooked Dividend Stocks for Choppy Markets in 2026Hancock Whitney NASDAQ: HWC reported what executives described as another strong quarter of profitability, efficiency and shareholder returns in the second quarter of 2026, while also pointing to stronger balance sheet growth and continued improvement in credit trends.

President and CEO John Hairston said earnings per share improved 13% from the same period a year earlier, while pre-provision net revenue rose 6%. He also highlighted 5% loan growth, 2% total deposit growth and a sixth consecutive quarter of improvement in commercial criticized loans.

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Analysts Remain Bullish On These 3 Regional Banks“The second quarter of 2026 was another strong quarter of profitability, efficiency, and return of capital to shareholders,” Hairston said. He added that the company was “pleased to add solid balance sheet growth on both sides of the ledger to an already excellent quarter.”

Profitability Remains Strong as Net Interest Income Rises CFO Mike Achary said net income for the quarter was $127 million, or $1.55 per share, compared with adjusted net income of $125 million, or $1.52 per share, in the first quarter. Pre-provision net revenue increased 3% from the prior quarter to $178 million, which Achary said represented a 1.99% return on average assets.

Net interest income increased 3% from the prior quarter. Hancock Whitney’s net interest margin rose one basis point to 3.56%, as the yield on earning assets increased two basis points and the cost of funds increased one basis point. Achary said the bond portfolio yield rose 12 basis points to 3.35%, reflecting the full-quarter impact of a restructuring transaction completed in the first quarter and reinvestment of principal cash flows.

Loan yields declined two basis points, which Achary attributed mainly to a 12-basis-point quarter-over-quarter drop in new loan rates, partially offset by a $374 million increase in average loans. Deposit costs fell four basis points to 1.43%, mostly because of lower rates on maturing certificates of deposit.

Achary said Hancock Whitney expects deposit costs to increase in the second half of the year, as the benefit from repricing maturing CDs “will largely come to an end.” He said net interest income should continue to grow, though possibly at a slower pace than in the second quarter, and that the margin is expected to be flat to slightly higher.

Loan and Deposit Growth Accelerate On a linked-quarter annualized basis, Hairston said loans grew 10% and deposits grew 8%. Loan production was strong and line utilization improved, with growth across every business line except mortgage. The company reiterated its full-year loan growth guidance of mid-single digits.

Chief Operating Officer Shane Loper said Hancock Whitney produced $1.5 billion in loans during the quarter, up from $1.2 billion in the first quarter. Loan growth totaled $588 million, with strength across business banking, commercial, middle market, consumer and commercial real estate.

Loper said clients generally remain stable and somewhat optimistic, but cautious. He also said the loan market remains competitive, particularly because “there’s a lot of credit supply for a limited demand.”

Deposit growth was driven by a $786 million increase in interest-bearing money market accounts, partially offset by a slight decline in CD balances from maturities. Hancock Whitney raised its full-year deposit guidance from low single-digit growth to mid-single-digit growth.

Achary said the bank’s goal is to fund loan growth with deposit growth, and he described the deposit pricing environment as competitive but rational in the company’s markets. During the quarter, Hancock Whitney expanded certain promotional deposit offerings, including an 11-month CD at 3.85% in Louisiana, Mississippi and Alabama after previously offering it in Florida and Texas. The company also offered money market promotions at 3.75% for some existing customers and 4% for new customers.

Fee Income, Expenses and Hiring Fee income increased $2.3 million, or 2%, adjusted for the net loss on the bond portfolio restructuring in the prior quarter. Achary said the increase was driven by higher activity in investment and annuity income, insurance and trust, partly offset by lower syndication fees and Small Business Investment Company income, which he said can be unpredictable from quarter to quarter.

Hairston pointed to wealth management as a notable contributor, citing execution across the broker-dealer and trust platforms, as well as some benefit from the Sabal transaction completed last year. He also said card and merchant services continued to perform well, while secondary mortgage was in line with expectations.

Expenses rose 2% from the prior quarter, primarily because of annual merit increases and the impact of new hires during the first half of 2026. Hairston said Hancock Whitney added 15 net new bankers in the second quarter, bringing the year-to-date total to 42 against its annual goal of 50.

Loper said new bankers accounted for 26% of the quarter’s growth and that the company remains confident in reaching its hiring target. Achary noted that the company increased its operating expense guidance excluding One Florida Bank, partly reflecting the possibility of adding more employees.

Asset Quality Continues to Improve Hancock Whitney reported continued improvement in criticized commercial loans, which declined $30 million to $492 million. Nonaccrual loans increased $1 million to $114 million. Net charge-offs were 16 basis points, down from 19 basis points in the prior quarter.

Achary said loan loss reserves stood at 1.42% of loans. The company continues to expect net charge-offs to average loans to come in between 15 and 25 basis points for full-year 2026.

In response to an analyst question about changes in CECL assumptions, Achary said the company saw Moody’s baseline scenario become more conservative. He said Hancock Whitney shifted its weighting from 40/60 to 50/50 between the baseline and slow-growth scenarios.

One Florida Deal and Capital Plans Hairston said Hancock Whitney received regulatory and shareholder approval in July for the One Florida Bank transaction and expects the deal to close on August 1. He said the company updated its guidance to show the fiscal 2026 outlook both excluding and including One Florida.

Including One Florida, Achary said Hancock Whitney expects loans and deposits to be up low double digits, net interest income to rise 8% to 9%, fee income to increase 6% to 7%, operating expenses to rise 7.5% to 8.5%, and pre-provision net revenue to grow 7% to 8%. Those expectations do not include meaningful revenue synergies, such as expanding wealth products and services to One Florida clients. Cost savings are expected to be fully realized by the start of 2027.

Hairston said the immediate focus after closing will be welcoming One Florida clients and employees and completing integration, which he expects in mid- to late fourth quarter. He said the company may provide more detail in 2027 on growth expectations in Orlando and other Florida markets.

On capital deployment, Hairston said Hancock Whitney’s priorities remain supporting balance sheet growth, dividends and completing the current 5% share repurchase authorization by year-end. Achary said the company had about 2 million shares remaining under the authorization and intends to exhaust it over the second half of 2026, likely on a roughly pro rata basis between the third and fourth quarters.

Achary said the company is comfortable with tangible common equity around 9% and common equity Tier 1 capital around 12%. He said future repurchase plans for 2027 will be discussed when the company gets there.

About Hancock Whitney (NASDAQ:HWC)Hancock Whitney Corporation NASDAQ: HWC is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company's core business activities include commercial banking, retail banking and wealth management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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This news release constitutes a “designated news release” for the purposes of the prospectus supplement dated January 12, 2026 to the short form base shelf prospectus of Brookfield Renewable Corporation and Brookfield Renewable Partners L.P.

BROOKFIELD, News, July 21, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (“BEP”) and Brookfield Renewable Corporation (NYSE: BEPC; TSX: BEPC) (“BEPC”, and together with BEP, “Brookfield Renewable”) today announced that it has approved plans to simplify its corporate structure (the “Simplification”) by converting BEP and BEPC into one publicly traded corporation, Brookfield Renewable Partners Inc. (“BEP Inc.”).  

“We are pleased to take this important step in the evolution of Brookfield Renewable,” said Connor Teskey, Chief Executive Officer of Brookfield Renewable. “By simplifying our corporate structure, we expect to enhance the accessibility of our securities to a broader range of investors, support increased index demand and provide a traditional corporate ownership structure. We believe this transaction will strengthen our position over the long term and create lasting value for our investors.”

Benefits of a Simplified Structure

Brookfield Renewable expects the Simplification to be tax-deferred for Canadian and U.S. investors and completed without any meaningful cost to the business, while providing securityholders with the following benefits, among others:

Improved consolidated trading liquidity through a single listed security;Increased demand from current indices and potential additional index inclusion;Stronger alignment with long-term capital allocation trends toward indexable and ETF-eligible corporate securities;Simplified investor analysis, screening, and benchmarking through a single listed reporting entity;Broader access to a larger pool of investors who prefer corporate structures;Enhanced governance framework and voting rights for public securityholders; andFor BEP unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors. Corporate Simplification Details

Under the terms of the Simplification, upon receipt of approval from BEP unitholders, all outstanding limited partnership units of BEP, other than preferred units, will, together with certain related exchangeable securities, be exchanged on a one-for-one basis for newly issued shares of BEP Inc.

BEPC shareholders will separately be asked to approve the Simplification, pursuant to which their class A exchangeable subordinate voting shares in BEPC (the “BEPC exchangeable shares”) will be exchanged for new shares of BEP Inc. on a one-for-one basis. If BEPC shareholders vote in favor of the Simplification, the exchange can also be completed on a tax-deferred basis. If BEPC shareholders do not approve the Simplification, the BEPC exchangeable shares will remain outstanding and become exchangeable, on a one-for-one basis, for newly issued shares of BEP Inc., rather than being exchangeable for units of BEP as they are today.

Completion of the exchange of BEP limited partnership units for shares of BEP Inc. is not conditional on BEPC shareholder approval.

Special meetings of BEP unitholders and BEPC shareholders will be held on October 14, 2026, and securityholders of record as of the close of business on August 21, 2026 will be entitled to vote at the applicable meeting. The Simplification will be implemented by way of a court-approved plan of arrangement and will be subject to customary regulatory approvals for a transaction of this nature, including approval for the listing of BEP Inc.’s shares on the New York Stock Exchange and Toronto Stock Exchange. Following securityholder approval, Brookfield Renewable expects to complete the Simplification in the fourth quarter of 2026.

There will be no change to Brookfield’s ownership of Brookfield Renewable as a result of the Simplification. BEP’s preferred units and public debt will remain outstanding and unaffected by the Simplification.

Brookfield Asset Management’s management fee and incentive distribution arrangements will continue in a manner consistent with Brookfield Renewable’s existing arrangements.

The Board of Directors of each of BEP and BEPC, based in part on the unanimous recommendations of their respective nominating and governance committees (consisting entirely of independent directors) and the fairness opinions received from Scotiabank, unanimously determined that the Simplification is in the best interests of BEP and BEPC, respectively, and have unanimously resolved to approve the Simplification and recommend that BEP unitholders and BEPC shareholders vote in favor of the Simplification.

Torys LLP is acting as legal advisor to Brookfield Renewable for the Simplification.

Scotiabank is acting as independent financial advisor and Goodmans LLP is acting as independent legal counsel to the nominating and governance committees of each of BEP and BEPC in connection with the Simplification.

Further information regarding the Simplification, including details on the votes that will be required and the other conditions for closing, will be contained in a joint management information circular of BEP and BEPC.

Copies of the joint management information circular, the arrangement agreement, the plan of arrangement and certain related documents will be filed with the applicable Canadian securities regulators and with the United States Securities and Exchange Commission and will be available on SEDAR+ at https://sedarplus.ca and on EDGAR at https://sec.gov.

About Brookfield Renewable

Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.

Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com.

Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management. For more information, go to https://brookfield.com.

Contact Information

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any securities to be issued in the transaction will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and any securities issued in connection with the transaction are anticipated to be issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act provided for by Section 3(a)(10) thereof and in accordance with applicable state securities laws.

Cautionary Statement Regarding Forward-looking Statements

This news release may contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws. The words “will”, “target”, “future”, “growth”, “expect”, “believe”, “may”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements or information in this news release include statements with respect to the Simplification and the special meetings of the unitholders of BEP and the shareholders of BEPC.

Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable, and the completion of the Simplification, are subject to a number of known and unknown risks and uncertainties, which could cause actual results to differ materially from those contemplated or implied by the forward-looking statements or information in this news release. Such risks and factors are described in the documents filed by Brookfield Renewable with the securities regulators in Canada and the United States including under “Risk Factors” in the most recent Annual Report on Form 20-F of BEP and in the most recent Annual Report on Form 20-F of BEPC, and other risks and factors that are described therein. Certain risks and uncertainties specific to the proposed Simplification will be further described in the joint management information circular of BEP and BEPC to be delivered to security holders in advance of the special meetings. Except as required by law, Brookfield Renewable undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

Any statements contained herein with respect to tax consequences are of a general nature only and are not intended to be, nor should they be construed to be, legal or tax advice to any person, and no representation with respect to tax consequences is made. Unitholders and shareholders are urged to consult their tax advisors with respect to their particular circumstances.

- Atebimetinib showed broad antitumor activity across KRAS-, NRAS-, and BRAF-mutant models, including colorectal, lung, and melanoma, by resisting the RAF-mediated bypass signaling that has constrained other MEK inhibitors -

- In head-to-head in vivo studies, atebimetinib produced deeper, more durable tumor growth inhibition than the FDA-approved MEK inhibitor binimetinib -

- Atebimetinib was associated with favorable tolerability in preclinical models, consistent with Deep Cyclic Inhibitor technology’s design to decouple antitumor activity from the toxicity of continuous MAPK suppression -

- In a preclinical cancer cachexia model, atebimetinib-treated animals sustained body weight near baseline through approximately two weeks of dosing, while untreated controls lost a median of more than 20% of body weight -

NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Immuneering Corporation (Nasdaq: IMRX), a late-stage clinical oncology company focused on keeping cancer patients alive and helping them thrive, today announced the publication of new findings in Cancer Research, a leading peer-reviewed journal of the American Association for Cancer Research, characterizing the differentiated mechanism and broad preclinical activity of atebimetinib.

The article, “Dual-MEK Inhibitor Atebimetinib Displays Broad Activity in RAS- and RAF-Mutant Tumors via Deep Cyclic Inhibition and Resisting RAF-Bypass,” (Kolitz et al., Cancer Research, doi.org/10.1158/0008-5472.CAN-25-4907) reports that atebimetinib demonstrated broad antitumor activity across RAS- and RAF-mutant models while resisting RAF-mediated bypass signaling, a key mechanism associated with resistance to other MEK inhibitors. Because the activity observed spanned a range of KRAS, NRAS, and BRAF alterations, the findings support the potential of atebimetinib to address RAS- and RAF-mutant cancers broadly — including the majority of RAS-mutant tumors that are not addressed by currently available mutation-selective inhibitors.

“Atebimetinib was deliberately designed to overcome the historical limitations of MEK inhibition, including the toxicity that comes with chronic MAPK pathway suppression, and the RAF-mediated pathway reactivation that has limited the durability of pathway suppression, particularly in RAS-mutant disease,” said Brett Hall, Ph.D., Chief Scientific Officer of Immuneering. “The new findings noted in the Cancer Research article underscore the scientific basis for our Deep Cyclic Inhibitor technology and the broad, mutation-agnostic, durable activity we observed across RAS- and RAF-mutant models, reinforcing atebimetinib's position as a differentiated, modern MEK inhibitor.”

The article describes how atebimetinib combines a novel dual-MEK mechanism with a short half-life designed to achieve Deep Cyclic Inhibition (DCI) of the MAPK pathway. Unlike other MEK inhibitors that chronically suppress signaling and are prone to RAF-mediated bypass, atebimetinib was shown to produce profound but transient inhibition of MAPK signaling followed by recovery periods that allow normal tissue to rest between doses – an approach designed to improve tolerability while maintaining antitumor activity.

Key findings include:

Atebimetinib demonstrated potent inhibition of both pERK and pMEK across multiple KRAS-, NRAS-, and BRAF-mutant tumor models, including colorectal, lung, and melanoma models.Whereas other MEK inhibitors reduced pERK but allowed pMEK to accumulate — the molecular signature of RAF-mediated pathway reactivation — atebimetinib reduced both pERK and pMEK, reflecting its resistance to CRAF-mediated bypass.Atebimetinib’s short half-life enabled deep cyclic inhibition of the MAPK pathway, characterized by deep suppression during peak exposure followed by recovery toward physiologic baseline signaling between doses.In multiple head-to-head in vivo studies, atebimetinib demonstrated greater depth and durability of tumor growth inhibition than the FDA-approved MEK inhibitor binimetinib across KRAS-, NRAS-, and BRAF-mutant tumor models while remaining well tolerated.In the Colon-26 model, a syngeneic colon-carcinoma model widely used to study cancer cachexia, atebimetinib-treated animals maintained body weight near baseline (within approximately 5%) through roughly two weeks of dosing, while untreated control animals lost a median of more than 20% of body weight by approximately day 14. Across the in vivo models more broadly, atebimetinib-treated mice maintained body weight within a median of 3-5% over up to four weeks of chronic dosing. Immuneering is currently recruiting patients in MAPKeeper 301 (NCT07562152), a global randomized Phase 3 pivotal trial evaluating atebimetinib plus mGnP versus standard-of-care gemcitabine/nab-paclitaxel in first-line metastatic pancreatic cancer. In the second half of the year, the company expects to dose the first patient in a Phase 2 trial of atebimetinib plus Libtayo® (cemiplimab) in patients with first-line RAS-mutant non-small cell lung cancer.

About Immuneering
Immuneering is a late-stage clinical oncology company dedicated to keeping cancer patients alive and helping them thrive, with an initial focus on patients with RAS, RAF, and other MAPK-driven cancers. The Company is developing an entirely new category of cancer medicines, Deep Cyclic Inhibitors, designed to improve overall survival by three mechanisms: shrinking tumors durably with less resistance, preserving body mass by countering cachexia, and minimizing side effects to maximize performance status and combinability. Immuneering’s lead product candidate, atebimetinib, is an investigational, oral, once-daily Deep Cyclic Inhibitor of MEK, designed to improve survival across many cancer indications. The company is conducting a global randomized pivotal trial, MAPKeeper 301, evaluating atebimetinib in combination with chemotherapy in first-line pancreatic cancer patients. The Company’s development pipeline also includes additional combination opportunities and preclinical stage programs. For more information, please visit www.immuneering.com.

Forward-Looking Statements
This press release contains forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: the treatment potential of atebimetinib, alone or in combination with other agents to treat cancer, including modified Gemcitabine/nab-paclitaxel (mGnP) in first-line pancreatic cancer and its potential to deliver overall survival with both durability and tolerability; the timing of dosing of the MAPKeeper 301 study and the Phase 2 study in combination with Libtayo®; the ability of the three design mechanisms of atebimetinib to shrink tumors durably, improve overall survival and overcome the limitations of conventional MAPK inhibition and provide a more sustained clinical benefit for patients.

These forward-looking statements are based on management’s current expectations. 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 following: the risks inherent in oncology drug research and development, including target discovery, target validation, lead compound identification, and lead compound optimization; we have incurred significant losses, are not currently profitable and may never become profitable; our projected cash runway; our need for additional funding; our unproven approach to therapeutic intervention; our ability to address regulatory questions and the uncertainties relating to regulatory filings, reviews and approvals; the lengthy, expensive, and uncertain process of clinical drug development, including potential delays in activating trial sites or enrolling trial participants, or failure to obtain regulatory approvals; our reliance on third parties and collaborators to conduct our clinical trials, manufacture our product candidates, and develop and commercialize our product candidates, if approved; failure to compete successfully against other drug companies; protection of our proprietary technology and the confidentiality of our trade secrets; potential lawsuits for, or claims of, infringement of third-party intellectual property or challenges to the ownership of our intellectual property; our patents being found invalid or unenforceable; costs and resources of operating as a public company; and unfavorable or no analyst research or reports.

These and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the period ended December 31, 2025, and our other reports filed with the U.S. Securities and Exchange Commission, could cause 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, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Investor Contact:
Laurence Watts
[email protected]

Media Contact:
David Caouette
[email protected]

Coca-Cola Diet Coke cans on display for sale inside a shop in New Delhi, India, April 22, 2026. REUTERS/Bhawika Chhabra/File Photo Purchase Licensing Rights, opens new tab

CompaniesWASHINGTON, July 21 (Reuters) - Hacking gang Anubis claimed credit on Tuesday for an attack ​on Coca-Cola-owned (KO.N), opens new tab dairy company fairlife, threatening ‌to publish stolen data unless it received an unspecified ransom.

The group made the claim on its ​dark web site, saying it had stolen ​1 terabyte of data from fairlife.

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Coca-Cola ⁠did not immediately respond to a request ​for comment, and the hackers did not immediately ​return a message.

Chicago-based fairlife makes dairy products including protein shakes and filtered milk drinks. Coca-Cola said last week ​that production at fairlife's U.S. facilities ​was temporarily suspended after a hack.

Anubis is one of ‌many ⁠cybercriminal gangs that paralyze their victims' networks until a ransom is paid, a practice that can occasionally have dramatic knock-on effects if ​critical networks ​are hit. ⁠Hackers typically threaten to publish stolen data in a bid to ​pressure their victims.

Anubis' operations have a ​particularly ⁠disruptive edge to them, according to an analysis published last year, opens new tab by cybersecurity firm Trend ⁠Micro, ​which cited the group's use ​of file wiping software.

Reporting by Raphael Satter; Additional reporting ​by Koyena Das in Bengaluru; Editing by Cynthia Osterman

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

Reporter covering cybersecurity, surveillance, and disinformation for Reuters. Work has included investigations into state-sponsored espionage, deepfake-driven propaganda, and mercenary hacking.