Track market-moving stories before they get noisy

August 11 Deadline Set for All Node Operators@PiCoreTeam has announced the transition to Protocol 26 on its mainnet, requiring all node operators to complete the technical upgrade before August 11, 2026. Any node that fails to meet the deadline will be disconnected from the Pi mainnet immediately, cutting off its ability to validate transactions and participate in network consensus.

The upgrade is not an isolated event. Pi Network has been moving through a sequential infrastructure overhaul that represents its most significant technical transformation since launch. Every protocol upgrade in Pi Network's sequential rollout builds directly on the previous one, creating a strict dependency chain. Nodes cannot skip versions, meaning all operators must have followed each prior step in order to be eligible for the Protocol 26 transition.

Protocol 26 as a Gateway to Protocol 27According to @PiCoreTeam, Protocol 26 serves as the final precursor to Protocol 27, described as the terminal technical shift in the network's 2026 roadmap. The team has indicated the network is prioritizing high reliability standards as it enters this final phase of ecosystem development.

Protocol v26.0 finalizes a structured series of technical upgrades focused on security and scalability, with the broader goal of transitioning the network from an enclosed state to a fully open, interoperable blockchain ecosystem. The overarching aim of this upgrade wave is to enhance the blockchain's technical foundation, with a focus on security, decentralization, performance, and scalability to prepare for broader Web3 adoption.

Every step in the upgrade sequence has been completed successfully and on schedule, a track record that reflects positively on both Pi's technical execution and its node operator community's reliability. With Protocol 26 now mandated on mainnet and Protocol 27 on the horizon, the network appears to be closing in on the end of its multi-year infrastructure build-out.

Sources:
Coinfomania: Pi Network Sets June 18 Deadline for Protocol 25 Node Upgrade
KuCoin: Pi Network Node Operators Must Upgrade to Protocol 25.2 by June 18, 2026
CoinMarketCap: Latest Pi Network News and Market Insights

Starbucks (SBUX - Free Report) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.5 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +28.79%. A quarter ago, it was expected that this coffee chain would post earnings of $0.44 per share when it actually produced earnings of $0.5, delivering a surprise of +13.64%.

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

Starbucks, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $9.32 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.22%. This compares to year-ago revenues of $9.46 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.

Starbucks shares have added about 22.4% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Starbucks?While Starbucks 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 Starbucks 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 $0.68 on $9.45 billion in revenues for the coming quarter and $2.41 on $38.23 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, Retail - Restaurants is currently in the bottom 26% 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 ONE Group Hospitality, Inc. (STKS - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of -520%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

The ONE Group Hospitality, Inc.'s revenues are expected to be $203.32 million, down 2% from the year-ago quarter.

Teva Pharmaceutical Industries Limited (TEVA) Q2 2026 Earnings Call July 29, 2026 8:00 AM EDT

Company Participants

Christopher Stevo - Senior Vice President of Investor Relations & Competitive Intelligence
Richard Francis - President, CEO & Director
Eric Hughes - Executive VP of Global R&D and Chief Medical Officer
Eliyahu Kalif - Executive VP & CFO

Conference Call Participants

Jason Gerberry - BofA Securities, Research Division
Umer Raffat - Evercore ISI Institutional Equities, Research Division
Louise Chen - Scotiabank Global Banking and Markets, Research Division
Yuchen Ding - Jefferies LLC, Research Division
David Amsellem - Piper Sandler & Co., Research Division
Ashwani Verma - UBS Investment Bank, Research Division
Glen Santangelo - Barclays Bank PLC, Research Division
Matthew Dellatorre - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Hello everybody, and welcome to the Q2 2026 Teva Pharmaceutical Industries Earnings Conference Call. My name is Elliot. I'll be coordinating your call today. [Operator Instructions] I would now like to hand over to Christopher Stevo.

Christopher Stevo
Senior Vice President of Investor Relations & Competitive Intelligence

Thank you, Elliot. Good morning and good afternoon, everyone. Thank you for joining us on our second quarter call. Obviously, our materials are posted to our website this morning, so please see those. And before I turn the call over to our CEO, Richard Francis, I'd like to remind everyone that we'll be making forward-looking statements on this call. The company cautions investors that any forward-looking statement involves risks and uncertainties and is not a guarantee of future performance.

Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors. These factors are described in our earnings press release and our most recent Forms 10-Q and 10-K filed with the SEC. Any statements that we make are only as of today, we undertake no obligation to update these

Revenue Rose to Record High
Solid Market Share of 15.9%

, /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the six months ended June 30, 2026 (the "Period").

The Group is encouraged by Macau's continued growth during the Period. Average daily visitation in the first half of 2026 reached 115,715, representing a 9% increase compared with the corresponding period last year.

Macau's gross gaming revenue ("GGR") also continued to recover during the Period, with average daily GGR increasing by 7% year on year to approximately MOP701 million in the first half of 2026.

MGM China saw property visitation during the Period up by 7% from last year. MGM China's daily GGR in the first half of 2026 grew by 5% year-on-year to MOP111 million, compared to MOP106 million last year. Net revenue for the Group reached historical high at HK$17.4 billion for the Period, compared with HK$16.7 billion in the corresponding period last year. The Group reported adjusted EBITDA of HK$4.8 billion, compared with HK$4.9 billion in the corresponding period last year. The Group maintained a solid market share of approximately 15.9% during the Period. This performance was partly affected by a lower VIP win rate (2026: 2.6% vs 2025: 3.5%). MGM COTAI accounted for approximately 9.7% of the market, while MGM MACAU accounted for approximately 6.2%. Average occupancy was 93.5% for the Period. The Group maintained a healthy financial position. As of June 30, 2026, the Group had total liquidity of approximately HK$24.7 billion, comprised of Bank balances and cash  and undrawn revolver. During the Period, the Group continued to optimize its assets to enhance competitiveness and drive future growth. MGM COTAI completed the suite conversion project during the Period, with nearly 60 Prime Wellness Suites launched. The new suites have been well received by guests, reflecting the Group's commitment to evolving with changing customer preferences and wellness trends.

At MGM MACAU, the Group also celebrated the opening of Chatterbox Café, the renowned Singapore dining brand. With a legacy spanning more than five decades, Chatterbox is renowned for its authentic Singaporean cuisine and has established itself as a highly recognized culinary brand across Asia.

During the Period, MGM China earned seven Forbes Travel Guide Five-Star Awards, reaffirming its commitment to exceptional guest experiences. MGM MACAU achieved a milestone by securing its 11th consecutive Five-Star rating, while Tria Spa at both MGM MACAU and MGM COTAI clinched the accolade for the seventh straight year. Additionally, Emerald Tower, Skylofts, and Five Foot Road at MGM COTAI, alongside Imperial Court at MGM MACAU, sustained their Five-Star status for the fifth consecutive year, underscoring the Group's consistent excellence across accommodation, wellness, and dining.

In June, MGM China announced the acquisition of MGM Asia Pacific Limited, a Hong Kong-incorporated company, from MGM Resorts International. MGM Asia Pacific Limited holds a 100% interest in MGM Hospitality Group (Asia Pacific), Ltd. ("MGM Hospitality"), a hospitality management company that operates luxury and upscale hotels, lifestyle destinations and cultural tourism projects across Chinese Mainland.

Through the acquisition, MGM China will leverage the 19 years of operating experience, brand platform and established relationship network developed by MGM Hospitality. MGM Hospitality currently manages eight operating hotels, has more than 12 active projects under development across various cities in Mainland China, and provides access to over 1.5 million Mlife loyalty program members.

The eight operating hotels include:

Bellagio by MGM Shanghai MGM Shanghai West Bund MGM Grand Sanya Mhub by MGM Nanjing Jiangning MGM Reserve Qingdao MGM Qingdao MGM Reserve Zhuhai MGM Shenzhen Kenneth Feng, Chief Executive Officer of MGM China said: "This acquisition represents a strategic opportunity for MGM China to strengthen its strategic and operational oversight of MGM Hospitality. We are confident that it will create meaningful synergies that enhance our competitive edge and support the Group's sustainable growth."

Following the suite conversion at MGM COTAI earlier this year, the Group will commence renovations of approximately 100 suites at MGM MACAU. This initiative will further strengthen the complementary positioning of our properties, establishing MGM MACAU as a premier venue on the Peninsula and MGM COTAI as the preferred destination for premium customers.

"MGM China is dedicated to improving our products and service levels, while delivering compelling experiences for guests. We are committed to supporting Macau into a global and diversified tourist destination," said Kenneth Feng.

- End -

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

SOURCE MGM China

Agnico Eagle Mines (AEM - Free Report) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +5.54%. A quarter ago, it was expected that this gold mining company would post earnings of $3.19 per share when it actually produced earnings of $3.4, delivering a surprise of +6.58%.

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

Agnico, which belongs to the Zacks Mining - Gold industry, posted revenues of $3.8 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.56%. This compares to year-ago revenues of $2.82 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.

Agnico shares have lost about 15.2% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Agnico?While Agnico 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 Agnico 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 #5 (Strong 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 $2.73 on $3.84 billion in revenues for the coming quarter and $11.76 on $15.84 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, Mining - Gold is currently in the bottom 6% 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, Idaho Strategic Resources, Inc. (IDR - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +65%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Idaho Strategic Resources, Inc.'s revenues are expected to be $14.6 million, up 54% from the year-ago quarter.

Teladoc (TDOC - Free Report) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to a loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this telehealth services provider would post a loss of $0.32 per share when it actually produced a loss of $0.36, delivering a surprise of -12.5%.

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

Teladoc, which belongs to the Zacks Medical Services industry, posted revenues of $606.93 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $631.9 million. 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.

Teladoc shares have added about 33.7% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Teladoc?While Teladoc 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 Teladoc 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 -$0.18 on $628.76 million in revenues for the coming quarter and -$0.92 on $2.51 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, Medical Services is currently in the top 32% 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.

Another stock from the same industry, Progyny (PGNY - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This provider of fertility and family building benefits is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has been revised 7.1% higher over the last 30 days to the current level.

Progyny's revenues are expected to be $349.19 million, up 4.9% from the year-ago quarter.

, /PRNewswire/ -- Today, the U.S. government awarded Lockheed Martin (NYSE: LMT) a seven-year undefinitized contract action (UCA) modification for up to $53.86 billion for PAC-3 Missile Segment Enhancement (MSE) interceptors, supporting the Department of War's Acquisition Transformation Strategy. The award brings the total multiyear contract value to $58.62 billion, following the $4.7 billion UCA awarded in April for year one.  

In recent years, Lockheed Martin proactively increased production of PAC-3 MSE to address the soaring demand from U.S. and partner nations. The new funding further enables Lockheed Martin to supercharge PAC-3 MSE production and triple capacity by the end of 2030. It also supports a 50% increase in jobs, from 1,200 to approximately 1,850, just in Camden, Arkansas, home to Lockheed Martin's final all-up round production of PAC-3 MSE interceptors. 

WHY IT MATTERS  

PAC-3 MSE has solidified itself as the most advanced air and missile defense interceptor through proven performance in real-world operations. In recent years, Lockheed Martin proactively increased production of PAC-3 MSE to address the soaring demand from U.S. and partner nations.  

Today's multiyear award showcases the Department of War and Lockheed Martin's shared commitment to strengthen the Arsenal of Freedom and deliver the nation's most advanced air-defense capabilities at unprecedented speed and scale. 

By embracing a multiyear procurement model, Lockheed Martin is expanding its production footprint, fortifying the defense industrial base and delivering critical interceptors into the hands of warfighters at unmatched speed. 

EXPERT PERSPECTIVE  

"Today's announcement turns concept into reality, providing industry with the long-term demand signals it needs to build a resilient supply chain, scale production, and deliver critical capabilities to our Warfighters at the speed of relevance," said Michael P. Duffey, Under Secretary of War for Acquisition and Sustainment. 

"This is a once-in-a-generation moment, and we are moving with wartime urgency to deliver the Arsenal of Freedom," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Lockheed Martin is sparing no effort with our investment, hiring and facility upgrades as we deliver on the government's acquisition transformation."

ADDITIONAL CONTEXT  

Accelerating Munitions Acquisition Reform: Lockheed Martin was the first in the industry to announce a framework agreement and one of the first companies to receive a contract for munitions acceleration under the Department of War's Acquisition Transformation Strategy. This contract marks the second major multiyear contract for Lockheed Martin under the DoW's new acquisition model, following the $35 billion contract to accelerate production for Terminal High Altitude Air Defense (THAAD) interceptors.   Investing in America's Defense Industrial Base: Lockheed Martin is investing $8 to $9 billion through 2030 to modernize more than 20 U.S. facilities and rapidly scale munitions output. The company has already celebrated two munitions facility groundbreakings this year, including the Munitions Production Center Building 47 in Troy, Alabama, supporting THAAD and future work with Next-Generation Interceptor, and the Munitions Acceleration Center in Camden, Arkansas, supporting PAC-3.     Proven, Advanced Technology: PAC-3 MSE provides an advanced, accurate shield against evolving threats. In operational environments during Operation Epic Fury, Ukraine and missions around the world, PAC-3 MSE performed beyond specifications to protect critical assets.  About Lockheed Martin  

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.  

SOURCE Lockheed Martin

Table of contents

Introduction If you’ve searched for “mt gox” recently, it’s probably because the name showed up in a headline again — more than a decade after the exchange collapsed, a dormant wallet linked to it still makes news whenever it moves Bitcoin. To understand why that keeps happening, it helps to know what Mt. Gox actually was, how it fell apart in 2014, and why a bankruptcy case from over a decade ago is still, in a very real sense, unfinished business for the Bitcoin market.

What Was Mt. Gox? Mt. Gox was a Tokyo-based cryptocurrency exchange that, at its peak, handled more than 70% of all Bitcoin transactions worldwide, according to Investopedia’s sourced history of the exchange. The name is an acronym for “Magic: The Gathering Online Exchange” — the site was originally created by Jed McCaleb as a place for players to trade cards from the collectible card game before it was repurposed into a Bitcoin exchange. Mark Karpeles took over as the largest shareholder and CEO in 2011, and under his management Mt. Gox grew into the dominant Bitcoin exchange of the early 2010s.

What Caused the 2014 Collapse? The mt gox hack that led to the exchange’s downfall unfolded gradually rather than as a single event. In February 2014, Mt. Gox suspended withdrawals after discovering what it described as suspicious activity in its digital wallets. The company ultimately disclosed that it had lost approximately 850,000 Bitcoins — worth hundreds of millions of dollars at the time — through a combination of hacking incidents and technical failures. Roughly 200,000 of those Bitcoins were later recovered, but the bulk of the loss destabilized the exchange and, briefly, the broader Bitcoin market. Mt. Gox filed for bankruptcy in Tokyo District Court shortly afterward.

Mark Karpeles was later found guilty in 2019 of falsifying data to inflate the exchange’s holdings, though he was acquitted of the more serious embezzlement charges against him. Separately, in 2023, the U.S. Department of Justice charged two Russian nationals in connection with laundering funds tied to the hack — a reminder that the “who did it” question took nearly a decade to produce any formal charges at all.

Bankruptcy vs. Rehabilitation: Why Repayment Took So Long Here’s the part that surprises a lot of people: Mt. Gox’s original 2014 bankruptcy filing did not directly produce the repayment process creditors are living through today. Creditors objected to the initial bankruptcy liquidation approach, which pushed the case into a different legal track in Japan called civil rehabilitation. That process, overseen by a court-appointed Rehabilitation Trustee, took years to work out exactly how creditors would be compensated — cash, Bitcoin, Bitcoin Cash, or some combination — and wasn’t finalized until November 2021, per Investopedia’s account of the legal timeline. Actual repayments to creditors didn’t begin until July 2024, a full decade after the exchange collapsed.

This slow-moving legal process is the direct reason Mt. Gox is still relevant today: the Rehabilitation Trustee still controls a large amount of Bitcoin that hasn’t yet been distributed to creditors, and every scheduled mt gox payout step requires moving funds out of trustee-controlled wallets — which is exactly what a mt gox wallet transfer represents when it hits the news.

Why Does a Mt. Gox Wallet Moving Coins Still Make News? Because those wallet movements are, functionally, the trustee actually executing the repayment plan — not random activity. When a dormant Mt. Gox wallet suddenly transfers a large sum, it’s typically the Rehabilitation Trustee moving funds toward distribution to creditors or reorganizing holdings ahead of a repayment deadline, not a hack or a sale decision in the ordinary sense. Given the sums involved — Mt. Gox’s remaining holdings are still counted in the billions of dollars — any of these transfers is large enough to be visible on-chain and, historically, has sometimes coincided with short-term Bitcoin price volatility, which is why outlets cover each movement individually. Recent examples of this exact pattern show up regularly in crypto news coverage, including transfers following months of wallet silence.

It’s worth being clear about what these transfers are not: they are not evidence of a new hack, and a transfer alone doesn’t mean coins are being sold on the open market. Some analysts have drawn comparisons between how markets react to Mt. Gox-related movements and how they reacted to other large defunct-exchange holdings like FTX’s, since both involve large, closely-watched wallets tied to bankruptcy proceedings rather than active trading.

What’s the Current Repayment Status? As of this writing, the Rehabilitation Trustee’s official deadline for the main mt gox repayment categories — Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment — is October 31, 2026, according to the Trustee’s own announcements posted directly on mtgox.com. That date is not fixed in any permanent sense: it has already been pushed back multiple times, moving from October 2023 to 2024, then 2025, and now 2026, as the trustee works through the logistics of verifying and paying out a large number of creditor claims. If you’re checking on repayment status specifically, treat any date you read — including this one — as subject to further extension, and check the trustee’s official site directly for the current figure.

The trustee has also repeatedly warned creditors about phishing sites and fraudulent emails impersonating either “MTGOX” or the Rehabilitation Trustee, asking for personal information or wallet connections — a real and ongoing risk for anyone still owed a payout from the case.

Frequently Asked Questions What was Mt. Gox? Mt. Gox was a Tokyo-based Bitcoin exchange that, at its peak, handled more than 70% of global Bitcoin trading volume before collapsing in 2014 after losing roughly 850,000 Bitcoins.

When did Mt. Gox collapse, and why? Mt. Gox suspended withdrawals in February 2014 after disclosing the loss of about 850,000 Bitcoins to a combination of hacking and technical failures, then filed for bankruptcy shortly after.

What is the Mt. Gox repayment/payout process? Following creditor objections to the original bankruptcy approach, the case moved into a Japanese civil rehabilitation process finalized in November 2021. Actual repayments to creditors began in July 2024, and the current deadline for the main repayment categories is October 31, 2026 — a date that has already been extended multiple times.

Why does Mt. Gox keep showing up in Bitcoin news? Because the Rehabilitation Trustee still holds a large amount of Bitcoin that hasn't yet been fully distributed to creditors. When trustee-controlled wallets move funds, it's typically part of executing the repayment plan, and the sums involved are large enough to draw market attention.

Is a Mt. Gox wallet movement the same as a hack or a sale? No. A wallet transfer linked to the Rehabilitation Trustee is generally part of the ongoing legal repayment process, not evidence of a new security breach or an active decision to sell on the open market

AUTHOR

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

Ventas (VTR - Free Report) came out with quarterly funds from operations (FFO) of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to FFO of $0.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +1.04%. A quarter ago, it was expected that this seniors housing real estate investment trust would post FFO of $0.91 per share when it actually produced FFO of $0.94, delivering a surprise of +3.3%.

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

Ventas, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.73 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.72%. This compares to year-ago revenues of $1.42 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 FFO expectations will mostly depend on management's commentary on the earnings call.

Ventas shares have added about 26.8% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Ventas?While Ventas 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 FFO outlook. Not only does this include current consensus FFO 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 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 estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Ventas was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 FFO estimate is $0.98 on $1.69 billion in revenues for the coming quarter and $3.88 on $6.69 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, REIT and Equity Trust - Other is currently in the top 25% 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.

Another stock from the same industry, SBA Communications (SBAC - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 3.

This communications tower operator is expected to post quarterly earnings of $2.96 per share in its upcoming report, which represents a year-over-year change of -6.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

SBA Communications' revenues are expected to be $703.37 million, up 0.6% from the year-ago quarter.

Invitation Home (INVH - Free Report) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +4.08%. A quarter ago, it was expected that this real estate investment trust focused on single-family rentals would post FFO of $0.48 per share when it actually produced FFO of $0.48, delivering no surprise.

Over the last four quarters, the company has surpassed consensus FFO estimates just once.

Invitation Home, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $747.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.66%. This compares to year-ago revenues of $681.4 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 FFO expectations will mostly depend on management's commentary on the earnings call.

Invitation Home shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Invitation Home?While Invitation Home 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 FFO outlook. Not only does this include current consensus FFO 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 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 estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Invitation Home was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 FFO estimate is $0.48 on $720 million in revenues for the coming quarter and $1.95 on $2.85 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, REIT and Equity Trust - Residential is currently in the top 28% 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.

Camden (CPT - 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 real estate investment trust is expected to post quarterly earnings of $1.67 per share in its upcoming report, which represents a year-over-year change of -1.8%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

Camden's revenues are expected to be $391.65 million, down 1.2% from the year-ago quarter.

Camping World (CWH - Free Report) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.79%. A quarter ago, it was expected that this recreational vehicle retailer and services provider would post a loss of $0.23 per share when it actually produced a loss of $0.21, delivering a surprise of +8.7%.

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

Camping World, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $1.93 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.72%. This compares to year-ago revenues of $1.98 billion. The company has topped consensus revenue estimates just once 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.

Camping World shares have lost about 35.5% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Camping World?While Camping World 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 Camping World 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 $0.54 on $1.86 billion in revenues for the coming quarter and $0.59 on $6.45 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, Automotive - Original Equipment is currently in the bottom 33% 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.

Lear (LEA - 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 31.

This automotive seating and electrical distribution systems company is expected to post quarterly earnings of $3.89 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level.

Lear's revenues are expected to be $6.14 billion, up 1.8% from the year-ago quarter.

Robinhood Markets, Inc. (HOOD - Free Report) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +40.91%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.38, delivering a surprise of -5%.

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

Robinhood Markets, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $1.31 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.49%. This compares to year-ago revenues of $989 million. The company has topped consensus revenue estimates two 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.

Robinhood Markets shares have lost about 18% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Robinhood Markets?While Robinhood Markets 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 Robinhood Markets was favorable. 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 #2 (Buy) for the stock. So, the shares are expected to outperform 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 $0.49 on $1.3 billion in revenues for the coming quarter and $1.95 on $5.07 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, Financial - Investment Bank is currently in the top 9% 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, BGC Group (BGC - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This brokerage company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +9.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BGC Group's revenues are expected to be $814.9 million, up 3.9% from the year-ago quarter.

OneMain Holdings, Inc. (OMF) Q2 2026 Earnings Call July 29, 2026 9:00 AM EDT

Company Participants

Peter Poillon - Head of Investor Relations
Douglas Shulman - Chairman, President & CEO
Jenny Osterhout - Executive VP & CFO

Conference Call Participants

Moshe Orenbuch - TD Cowen, Research Division
Terry Ma - Barclays Bank PLC, Research Division
Mark DeVries - Deutsche Bank AG, Research Division
Donald Fandetti - Wells Fargo Securities, LLC, Research Division
Arren Cyganovich - Truist Securities, Inc., Research Division
Mihir Bhatia - BofA Securities, Research Division
Richard Shane - JPMorgan Chase & Co, Research Division
David Scharf - Citizens JMP Securities, LLC, Research Division

Presentation

Operator

Good morning, everyone. Welcome to the OneMain Financial Second Quarter 2026 Earnings Conference Call and Webcast. Hosting the call today from OneMain is Peter Poillon, Head of Investor Relations. Today's call is being recorded. It is my pleasure to turn the floor over to Mr. Peter Poillon.

Peter Poillon
Head of Investor Relations

Thank you, operator. Good morning, everyone, and thank you for joining us. Let me begin by directing you to Page 2 of the second quarter 2026 investor presentation, which contains important disclosures concerning forward-looking statements and the use of non-GAAP measures. The presentation can be found in the Investor Relations section of the OneMain website.

Our discussion today will contain certain forward-looking statements reflecting management's current beliefs about the company's future financial performance and business prospects, and these forward-looking statements are subject to inherent risks and uncertainties and speak only as of today. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in our earnings press release. We caution you not to place undue reliance on forward-looking statements.

If you may be listening to this via replay at some point after today, we remind you that the remarks made herein are

Generac Holdings Inc. (GNRC) Q2 2026 Earnings Call July 29, 2026 10:00 AM EDT

Company Participants

Kris Rosemann - Director of Corporate Finance & Investor Relations
Aaron P. Jagdfeld - Chairman, President & CEO
York Ragen - Chief Financial Officer

Conference Call Participants

Michael Halloran - Robert W. Baird & Co. Incorporated, Research Division
George Gianarikas - Canaccord Genuity Corp., Research Division
David Tarantino - KeyBanc Capital Markets Inc., Research Division
Brian Drab - William Blair & Company L.L.C., Research Division
Jonathan Windham - UBS Investment Bank, Research Division
Tanner James - Jefferies LLC, Research Division
Praneeth Satish - Wells Fargo Securities, LLC, Research Division
Manish Somaiya - Cantor Fitzgerald & Co., Research Division
Keith Housum - Northcoast Research Partners, LLC
Vikram Bagri - Citigroup Inc., Research Division
Christine Cho - Barclays Bank PLC, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Second Quarter 2026 Generac Holdings, Inc. Earnings Conference Call.

[Operator Instructions]

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kris Rosemann, Director of Corporate Finance and Investor Relations. Please go ahead.

Kris Rosemann
Director of Corporate Finance & Investor Relations

Good morning, and welcome to our second quarter 2026 earnings call. I'd like to thank everyone for joining us this morning. With me today is Aaron Jagdfeld, President and Chief Executive Officer; and York Ragen, Chief Financial Officer. We will begin our call today by commenting on forward-looking statements.

Certain statements made during this presentation as well as other information provided from time to time by Generac or its employees may contain certain forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially from those in these forward-looking statements.

Please see our earnings release or SEC filings for a list of words

Wednesday, 29 July 2026 04:48 PM

Topic: 

Earnings WASHINGTON, DC / ACCESS Newswire / July 29, 2026 / National Capital Bancorp, Inc. ( "NACB" or the "Company") (OTCID:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") reported net income of $1,624,000, or $1.41 per common share, for the three months ended June 30, 2026, compared to net income of $1,914,000, or $1.66 per common share, for the three months ended June 30, 2025. For the six months ended June 30, 2025, the Company reported net income of $2,677,000 or $2.32 per common share, compared to $3,587,000, or $3.12 per common share for the six months ended June 30, 2025. The decrease in earnings was primarily attributable to higher provision expense in the first quarter and merger related expenses.

Total assets were up year-over-year at $742,918,000 on June 30, 2026, compared to $702,597,000 on June 30, 2025. Total loans of $503,870,000 on June 30, 2026, decreased by $26.3 million during the quarter and have decreased by $5.9 million over the past twelve months. Loan balances in the quarter were impacted by the payoff of several construction loan projects, payoffs of several residential real estate loans, as well as lower utilization of commercial revolving credit lines. Total deposits of $655,952,000 on June 30, 2026, increased $5.3 million during the quarter but have increased $44.2 million over the past twelve months. The Company has been focused on balanced growth with increases in deposits providing funding for new loan opportunities. As a result, the Company continues to experience a relatively low reliance on wholesale funding sources and maintains strong levels of available secured borrowing capacity to meet the financing and cash flow needs of our client base as well as continuing to pursue desirable new relationship opportunities.

The Company's net interest margin of 3.62% during the second quarter of 2026 increased compared with 3.51% in the first quarter of 2026 and comparable to 3.68% in the second quarter of 2025. The increase quarter over quarter is attributable to a favorable shift in deposit mix.

Total shareholders' equity increased to $70,172,000 on June 30, 2026 from $63,281,000 a year ago due primarily to the retained earnings for the past twelve months. For the six months ended June 30, 2026, the return on average assets and return on average equity was 0.72% and 7.79%, respectively.

The Company's level of non-performing loans of 2.32% of total loans on June 30, 2026, compared to 2.55% on December 31, 2025, consists of five nonaccrual loans with two separate borrowers. Four of the loans are CRA-eligible multifamily loans, which participate in the DC Housing Voucher Program, while the fifth loan is a DC multifamily construction and development loan. All five loans have been individually evaluated for specific reserves using recent appraisals. The Company has recorded partial charge-offs on these loans of $3.6 million, including $2.2 million in the first quarter of 2026. The allowance for credit losses to total loans was 1.21% on June 30, 2026, compared with 1.22% on June 30, 2025, while the annualized net charge-off ratio was 0.90% for the first half of 2026. The Bank is continuing to work multiple paths to cost-effectively resolve these problem loans.

"We continue to work through resolutions for our non-performing assets while concurrently focusing on growing the Bank through strong, relationship based, loan opportunities funded by core deposits." said Jimmy Olevson, President and Chief Executive Officer of the Bank. "We are also excited to work towards closing the previously announced merger with ODNB Financial Corporation, with an expected closing date in the fourth quarter of this year."

The Company also announced today that its Board of Directors has declared a cash dividend of $0.26 per share for shareholders of record as of August 14, 2026. The dividend payout of $299,620.88on 1,152,388 shares is payable August 28, 2026.

On June 15, 2026, the Company and ODNB Financial Corporation ("ODNB"), the holding company of Old Dominion National Bank, jointly announced that they have entered into a definitive merger agreement pursuant to which NACB will merge into ODNB, with ODNB surviving as the bank holding company. The combined holding company, which will be renamed National Capital Bancorp, Inc., expects to list its common stock and trade under the ticker symbol "NACB". Old Dominion National Bank will merge with and into NCB, with NCB surviving as the wholly owned subsidiary bank.

The merger is expected to close in the fourth quarter of 2026, subject to satisfaction of customary closing conditions, including regulatory approvals and shareholder approvals from ODNB and NACB shareholders.

About National Capital Bancorp, Inc.

National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington, which was founded in 1889 and is Washington's Oldest Bank. NCB is headquartered on Capitol Hill with offices in the Friendship Heights community in Northwest D.C., the Courthouse/Clarendon community in Arlington, Virginia and the Fox Hill senior living community of Bethesda, Maryland. NCB also operates residential mortgage and commercial lending offices and a wealth management services division. NCB product and service offerings include personal and business deposit accounts, robust online and mobile banking services and sophisticated treasury management solutions - all delivered with top-rated personal service. NCB is well positioned to serve all the banking needs of those in our communities. For more information about NCB, visit www.nationalcapitalbank.bank.

Forward-Looking Statements

This news release may contain certain forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified using words such as "expects," "subject," "will," "intends," "will be" or "would," These statements are subject to change based on various important factors (some of which are beyond the Company's control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of the Company to effectively manage its growth and results of regulatory examinations, among other factors. In addition, with respect to the proposed merger with ODNB, the following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the business of NACB may not be successfully integrated into ODNB or the business of Old Dominion National Bank may not be successfully integrated into NCB, or such integration may take longer, be more difficult, time-consuming or costly to accomplish than expected; (2) the expected growth opportunities or cost savings from the proposed transaction may not be fully realized or may take longer to realize than expected; (3) deposit attrition, operating costs, customer losses and business disruption following the proposed transaction, including adverse effects on relationships with employees and customers, may be greater than expected; (4) the possibility that the proposed transaction does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); (5) the outcome of any legal proceedings that may be instituted in connection with the proposed transaction; (6) the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement; (7) reputational risk and potential adverse reactions of customers, employees or other business partners, including those resulting from the announcement or completion of the proposed transaction; (8) the diversion of management's attention and time from ongoing business operations and opportunities on merger-related matters; and (9) certain restrictions during the pendency of the proposed transaction that may impact NACB's ability to pursue certain business opportunities or strategic transactions. The foregoing list of important factors is not exclusive. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact:
William Bauder, EVP, Chief Financial Officer
Phone: 202-546-8000
Email: [email protected]

National Capital Bancorp, Inc.
Financial Highlights

(Dollars in thousands, except share data)

Three Months Ended

Six Months Ended

(Unaudited)

June 30

June 30

Condensed Statement of Income:

2026

2025

2026

2025

Interest income

$

8,677

$

8,352

$

17,359

$

16,779

Interest expense

2,228

2,232

4,611

4,580

Net interest income

6,449

6,120

12,748

12,199

Provision for (recovery of) credit losses

105

65

1,904

130

Net interest income after provision

6,344

6,055

10,844

12,069

Non-interest income

1,189

889

2,505

1,711

Non-interest expense

5,362

4,360

9,900

8,941

Income before taxes

2,171

2,584

3,449

4,839

Income tax provision

547

670

772

1,252

Net income

$

1,624

$

1,914

$

2,677

$

3,587

Share Data:

Weighted avg no. of shares outstanding

1,152,388

1,150,207

1,151,598

1,149,218

Period end shares outstanding

1,152,388

1,150,870

1,152,388

1,150,870

Per Common Share Data:

Net income

$

1.41

$

1.66

$

2.32

$

3.12

Closing Stock Price

$

78.00

$

75.00

Book Value

$

60.89

$

54.91

Profitability Ratios, Annualized:

Return on average shareholders' equity

9.35

%

12.34

%

7.79

%

11.78

%

Return on average total assets

0.88

%

1.11

%

0.72

%

1.04

%

Efficiency ratio

70.20

%

62.21

%

64.91

%

64.28

%

Condensed Balance Sheets:

June 30

December 31

June 30

2026

2025

2025

Assets

Cash and equivalents

$

101,723

$

81,245

$

46,686

Securities, available for sale

54,694

57,307

59,638

Securities, held to maturity

56,835

57,936

60,264

Loans, held for sale

0

0

0

Loans, held in portfolio

503,870

541,878

509,759

Allowance for credit losses

(6,100

)

(6,575

)

(6,225

)

Premises and equipment, net

6,697

6,403

6,218

Bank owned life insurance

14,998

15,118

14,936

Other assets

10,201

10,439

11,321

Total assets

$

742,918

$

763,751

$

702,597

Liabilities and shareholders' equity

Deposits

$

655,952

$

678,192

$

611,778

FHLB advances and other borrowings

0

0

10,000

Subordinated notes, net of issuance cost

13,871

13,843

13,816

Other liabilities

2,923

4,059

3,722

Shareholders' equity

70,172

67,657

63,281

Total liabilities and shareholders' equity

$

742,918

$

763,751

$

702,597

Other Data:

Non-performing loans to total loans

2.32

%

2.55

%

0.82

%

Allowance to total loans

1.21

%

1.21

%

1.22

%

Net charge-offs (recoveries) to average loans

0.90

%

0.26

%

0.00

%

Loan-to-deposit ratio

76.82

%

79.90

%

83.32

%

Net interest margin for the quarter

3.62

%

3.55

%

3.68

%

Net interest margin for the year

3.57

%

3.62

%

3.67

%

SOURCE: National Capital Bancorp, Inc.

, /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $1.00 per share on common stock. The dividend is payable Sept. 10, 2026, to shareholders of record as of the close of business Aug. 19, 2026.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.

Investor Relations Contacts: (419) 421-2071
Brian Worthington, Vice President, Investor Relations
Alyx Teschel, Director, Investor Relations

Media Contact: (419) 421-3577
Jamal Kheiry, Communications Manager

SOURCE Marathon Petroleum Corporation

Mirion Technologies, Inc. (MIR) Q2 2026 Earnings Call July 29, 2026 10:00 AM EDT

Company Participants

Eric Linn - Vice President of Investor Relations
Thomas Logan - Founder, Medical Group President, CEO & Chairman
Brian Schopfer - CFO & Medical Group President

Conference Call Participants

James West - Melius Research LLC
Joseph Ritchie - Goldman Sachs Group, Inc., Research Division
Quinn Fredrickson - Robert W. Baird & Co. Incorporated, Research Division
Andrew Kaplowitz - Citigroup Inc., Research Division
Christopher Moore - CJS Securities, Inc.
Jeffrey Grampp - Northland Capital Markets, Research Division
Tomohiko Sano - JPMorgan Chase & Co, Research Division

Presentation

Operator

Greetings. Welcome to the Mirion Technologies Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Eric Linn, Treasurer and Head of Investor Relations. Thank you. Eric, you may begin.

Eric Linn
Vice President of Investor Relations

Thank you, Liz, and good morning, everyone. Welcome to Mirion's Second Quarter 2026 Earnings Conference Call. Joining me this morning are Mirion's Founder, Chairman and CEO, Tom Logan; and Mirion's CFO and Medical Group President, Brian Schopfer.

Before we begin today's prepared remarks, allow me to remind you that comments made during this call will include forward-looking statements, and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in our annual reports on Form 10-K, quarterly reports on Form 10-Q and in Mirion's other SEC filings under the caption Risk Factors. Quarterly references within today's discussion are related to the second quarter ended June 30, 2026, unless otherwise noted.

The comments made during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of those non-GAAP financial measures to the

WILLIAMSVILLE, N.Y., July 29, 2026 (GLOBE NEWSWIRE) -- National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the third quarter of its 2026 fiscal year.

THIRD QUARTER FISCAL 2026 SUMMARY

GAAP earnings of $138.6 million, or earnings per share (EPS) of $1.45, compared to GAAP earnings of $149.8 million, or $1.64 per share, in the prior year.Adjusted EPS of $1.54 compared to $1.64 from the prior year. See non-GAAP reconciliation on page 2.Net cash provided by operating activities of $1.035 billion for the nine months ending June 30, 2026, with free cash flow of $280 million (as defined on page 25) through the same period.The Integrated Upstream and Gathering segment benefitted from its strong hedge and marketing portfolio during the quarter, as a $0.56 per Mcf gain more than offset the drop in NYMEX natural gas prices compared to the prior year.Supply Corporation expanded its Line N System Upgrade Project to 294,000 dekatherms per day, executing a 20-year precedent agreement for 200,000 dekatherms per day of incremental firm transportation capacity, supporting the initial phase of the coal-to-gas conversion at the existing Shippingport Power Station site in western Pennsylvania.The Company completed the necessary financing needed to close the pending Ohio gas utility acquisition and received its final regulatory approval during the quarter, which places the acquisition on track to close on October 1 of this year.The Company maintained its longstanding focus on shareholder returns as the Board of Directors approved a 4% increase in the Company's dividend, to an annual rate of $2.22 per share. The Company has now paid a dividend for 124 consecutive years and increased its annual dividend rate for 56 consecutive years.The Company is revising its fiscal 2026 adjusted EPS guidance range of $7.40 to $7.60 per share, or $7.50 per share at the midpoint, a projected 9% increase from fiscal 2025. MANAGEMENT COMMENTS

David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company, stated: “Looking forward, with the growing demand for natural gas, the outlook for the industry and National Fuel is as strong as ever. Over the last several years, we have consistently enhanced the quality of our asset base, improved capital efficiency, and expanded our long-term growth opportunities through disciplined execution across the Company. Whether it is expanding our pipelines to serve new data center or power generation demand in the region, or producing gas supply to meet growing demand in Appalachia and across markets served by our high-quality firm transportation portfolio, our ability to benefit from these industry tailwinds is evident. In addition, our pending Ohio gas utility acquisition, once completed, will significantly increase rate base for our regulated businesses and provides an additional avenue for meaningful regulated earnings growth.

"With this strong backdrop, National Fuel is expected to deliver approximately 7% to 10% average annual EPS growth through 2029. This growth alongside our disciplined capital allocation strategy and focus on returning an increasing amount of capital to shareholders through our long-standing dividend, positions National Fuel to deliver sustainable long-term value for shareholders."

RECONCILIATION OF GAAP EARNINGS TO ADJUSTED EARNINGS

  Three Months Ended June 30,
  (Thousands) (Per Share)
  2026
 2025
 2026
 2025
Reported GAAP Earnings $138,621  $149,818  $1.45  $1.64 Items impacting comparability:         Costs related to the pending Ohio gas utility acquisition  6,192   —   0.07   — Tax impact of costs related to the pending Ohio acquisition  (1,435)  —   (0.02)  — Impact of equity issuance related to pending Ohio acquisition, net of interest benefits  (3,566)  —   0.03   — Tax impact of net interest benefit from equity issuance  826   —   0.01   — Interest expense from long-term debt issuances for pending Ohio acquisition, net of interest benefit  1,129   —   0.01   — Tax impact of interest expense from long-term debt issuances, net of interest benefit  (262)  —   —   — Premiums paid on early redemption of debt  413   —   —   — Tax impact of premiums paid on early redemption of debt  (96)  —   —   — Other/rounding (refer to Segment results for details)  (840)  (615)  (0.01)  — Adjusted Earnings $140,982  $149,203  $1.54  $1.64                   FISCAL 2026 GUIDANCE UPDATE

National Fuel is revising its adjusted earnings per share guidance for fiscal 2026 to a range of $7.40 to $7.60. This updated range incorporates our third quarter results as well as lower expected production for the remaining three months, partially offset by lower unit costs in the Integrated Upstream and Gathering segment. The Company is maintaining an average NYMEX natural gas price assumption of $3.00 per MMBtu for the remaining three months of fiscal 2026, which approximates the current NYMEX forward curve at this time.

Integrated Upstream and Gathering segment fiscal 2026 production is now expected to be 420 to 430 Bcf, a moderate decrease from our prior guidance, primarily reflecting the combined impact of ongoing appraisal activities and greater than anticipated well interactions related to more intensive completion design testing. While these activities affected near-term production, they will allow for further optimization of future development planning and capital allocation decisions and are not expected to impact the outlook for long-term production growth and continued improvement in capital efficiency. This guidance range also does not incorporate any price-related curtailments over the remainder of the fiscal year.

The Company is also revising its Integrated Upstream and Gathering segment capital expenditure guidance to a range of $580 to $605 million, a 2% increase at the midpoint, largely as a result of higher oil and diesel prices, as well as schedule changes. In addition, this segment has implemented a new discretionary land acquisition spending program, which is expected to lead to an additional $20 to $40 million in spending outside of the aforementioned capital spending guidance. This discretionary program represents a strategic investment to expand core inventory depth in Tioga County and strengthen what the Company believes is one of the premier natural gas resource positions in North America. Over the next two years, the Company expects to invest $100 to $200 million of discretionary land capital to extend development runway, increase long-term development optionality, and support future capital efficiency improvements.

In addition, the Company is also revising its capital expenditure guidance in the Pipeline and Storage segment, which is now expected to be between $235 to $265 million. This increase is driven by the strong execution on our various modernization and expansion projects for this calendar year, several of which are proceeding at a quicker pace than previously anticipated.

The acquisition of CenterPoint Energy's Ohio natural gas utility business is expected to close on October 1 of this year. As a result, this is not expected to impact fiscal 2026 guidance, which also excludes any financing or acquisition-related costs.

The Company’s other fiscal 2026 guidance assumptions are detailed in the table on page 7.

LONG-TERM OUTLOOK

National Fuel plans to provide detailed fiscal 2027 guidance after the closing of the Ohio utility acquisition, which is on track to occur on October 1 of this year.

The Company is also updating its long-term earnings per share outlook, which it now expects to be 7% to 10% per year, on average from fiscal 2026 through fiscal 2029, using the current natural gas price outlook. In addition to significant per-share earnings growth driven by strong outlooks in each segment, the Company anticipates leveraging its best-in-class capital efficiency trend to generate between $1.0 and $1.5 billion of free cash flow over the next three years. The combination of significant earnings growth, a more balanced business mix following the closing of the Ohio utility acquisition, and strong free cash flow generation is expected to provide increased flexibility to allocate capital in ways that maximize per share value over the long-term. This free cash flow is projected to be utilized to reduce outstanding debt, which will further strengthen the Company's investment grade balance sheet, and support strategic investments and other opportunities to enhance shareholder returns beyond the 7% to 10% target.

FINANCING ACTIVITIES UPDATE

In June 2026, the Company issued $1.5 billion of new three-, five-, and ten-year notes (split into three equal tranches) to fund a portion of the CenterPoint acquisition and refinance the early redemption of $300 million of notes that were scheduled to mature in October 2026. In conjunction with these transactions, the Company recognized an after-tax loss of $0.3 million related to the early redemption of the October 2026 maturity, which is presented as an item impacting comparability for the quarter.

DISCUSSION OF THIRD QUARTER RESULTS BY SEGMENT

The following earnings discussion of each operating segment for the quarter ended June 30, 2026 is summarized in a tabular form on pages 8 and 9 of this report (earnings drivers for the nine months ended June 30, 2026 are summarized on pages 10 and 11).

Note that management defines adjusted earnings as reported GAAP earnings adjusted for items impacting comparability, and adjusted EBITDA as reported GAAP earnings before the following items: interest expense, income taxes, depreciation, depletion and amortization, other income and deductions, impairments, and other items reflected in operating income that impact comparability.

Integrated Upstream and Gathering Segment

The Integrated Upstream and Gathering segment's exploration and production operations are carried out by Seneca Resources Company, LLC (“Seneca”) and its gathering operations are carried out by the operating subsidiaries of National Fuel Gas Midstream Company, LLC ("Gathering"). Seneca explores for, develops, and produces primarily natural gas reserves in Pennsylvania. Gathering constructs, owns and operates natural gas gathering pipelines and compression facilities in the Appalachian region, which primarily delivers Seneca's production and, to a lesser extent, third-party Appalachian production to various interstate pipelines.

 Three Months Ended June 30,(in thousands)2026
 2025
 VarianceGAAP Earnings$111,874  $116,667  $(4,793)Premiums paid on early redemption of debt 413   —   413 Tax impact of premiums paid on early redemption of debt (96)  —   (96)Unrealized (gain) loss on derivative asset (2022 CA asset sale) —   45   (45)Tax impact of unrealized (gain) loss on derivative asset —   (12)  12 Adjusted Earnings$112,191  $116,700  $(4,509)      Adjusted EBITDA$248,528  $258,411  $(9,883)             The Integrated Upstream and Gathering segment's third quarter GAAP earnings decreased $4.8 million versus the prior year. Excluding items impacting comparability, adjusted earnings decreased $4.5 million from the prior year, as the benefit of higher realized natural gas prices and lower interest expense was more than offset by lower production volumes and higher operating expenses.

Seneca’s weighted average realized natural gas price, after the impact of hedging and transportation costs, was $2.81 per Mcf, an increase of $0.10 per Mcf, or 4%, compared to the prior year, as gains in Seneca's hedging portfolio and tighter basis differentials more than offset lower NYMEX prices during the quarter.

During the third quarter, Seneca produced 104.3 Bcf of natural gas, a decrease of 7.3 Bcf, or 7%, compared to the prior year, as production from recently turned-in-line wells was more than offset by natural declines from existing wells.

 Three Months Ended June 30,(Cost per Mcf)2026
 2025
 VarianceUpstream General and Administrative Expense (“G&A”)$0.17  $0.17  $— Lease Operating Expense (“LOE”)$0.15  $0.11  $0.04 Adjusted Gathering Operation and Maintenance Expense ("O&M")$0.13  $0.11 (1) $0.02 Taxes and Other$0.07  $0.08  $(0.01)Adjusted Total Cash Operating Costs$0.52  $0.47 (1) $0.05 Depreciation, Depletion and Amortization Expense (“DD&A”)$0.80  $0.71  $0.09 Adjusted Total Operating Costs$1.32  $1.18 (1) $0.14  (1) Adjusted Gathering O&M Expense of $0.11 per Mcf for the quarter ended June 30, 2025 excludes a $0.04 per Mcf reduction to Gathering O&M Expense attributed to a change in segment reporting, which is fully offset in operating revenue.    On a per unit basis, third quarter adjusted total operating costs were $0.14 higher compared to the prior year, primarily due to higher per unit LOE and DD&A expense. Consistent with previous quarters this fiscal year, the increase in per unit LOE compared to the prior year was largely driven by additional third-party gathering expenses. The increase in DD&A expense was largely driven by the impact of ceiling test impairments Seneca recorded in fiscal 2025 that artificially lowered the per unit DD&A rate in the prior year.

Pipeline and Storage Segment

The Pipeline and Storage segment’s operations are carried out by National Fuel Gas Supply Corporation (“Supply Corporation”) and Empire Pipeline, Inc. (“Empire”). The Pipeline and Storage segment provides natural gas transportation and storage services to affiliated and non-affiliated companies through an integrated system of pipelines and underground natural gas storage fields in western New York and Pennsylvania.

 Three Months Ended June 30,(in thousands)2026
 2025
 VarianceGAAP Earnings$28,739  $28,857  $(118)        Adjusted EBITDA$66,933  $67,019  $(86)             The Pipeline and Storage segment’s third quarter GAAP earnings were in line with the prior year as an increase in operating revenues was offset by higher O&M and DD&A.

Operating revenues increased $1.0 million, primarily driven by higher transportation revenues related to new long-term contracts. O&M expense increased $1.2 million, primarily due to higher third-party and material costs.

Utility Segment

The Utility segment operations are carried out by National Fuel Gas Distribution Corporation (“Distribution Corporation”), which sells or transports natural gas to customers located in western New York and northwestern Pennsylvania.

 Three Months Ended
 June 30,
(in thousands)2026
 2025
 Variance
GAAP Earnings$5,686  $4,997  $689          Adjusted EBITDA$27,148  $25,743  $1,405              The Utility segment’s third quarter GAAP earnings increased $0.7 million, primarily as a result of higher customer margin (operating revenue less purchased gas sold) of $6.0 million. Contributors to increased customer margin included the implementation of year two of the three-year joint settlement in New York and revenue from the Utility’s Distribution System Improvement Charge in Pennsylvania. Partially offsetting this was an increase in O&M expense driven by higher employee-related costs (which were largely the result of new collective bargaining agreements) and an increase in uncollectible expense.

Corporate and All Other

 Three Months Ended June 30,(in thousands)2026
 2025
 VarianceGAAP Earnings$(7,678) $(703) $(6,975)Costs related to the pending Ohio gas utility acquisition 6,192   —   6,192 Tax impact of costs related to the pending Ohio acquisition (1,435)  —   (1,435)Net interest benefit from equity issuance related to pending acquisition (3,566)  —   (3,566)Tax impact of net interest benefit from equity issuance 826   —   826 Interest expense from long-term debt issuances for pending Ohio acquisition, net of interest benefit 1,129   —   1,129 Tax impact of interest expense from long-term debt issuances, net of interest benefit (262)  —   (262)Unrealized (gain) loss on other investments (1,064)  (820)  (244)Tax impact of unrealized (gain) loss on other investments 224   172   52 Adjusted Earnings$(5,634) $(1,351) $(4,283)             The Company’s operations that are included in Corporate and All Other generated a combined net loss of $7.7 million in the third quarter, largely due to transaction and financing costs related to the pending Ohio gas utility acquisition.

EARNINGS TELECONFERENCE

A conference call to discuss the results will be held on Thursday, July 30, 2026, at 9 a.m. ET. All participants must pre-register to join this conference using the Participant Registration link. A webcast link to the conference call is provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com, and a replay of the webcast will be available on the website following the call.

National Fuel is an integrated energy company reporting financial results for three operating segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

Analyst Contact:Ryan P. Vossler716-857-7158Media Contact:Karen L. Merkel716-857-7654 Certain statements contained herein, including statements identified by the use of the words “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “predicts,” “projects,” “believes,” “seeks,” “will,” “may” and similar expressions, and statements which are other than statements of historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company’s expectations, beliefs and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: changes in laws, regulations or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; governmental/regulatory actions, initiatives and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design, retained natural gas and system modernization), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in economic conditions, including the imposition of additional tariffs on U.S. imports and related retaliatory tariffs, inflationary pressures, supply chain issues, liquidity challenges, and global, national or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the Company’s ability to complete strategic transactions, such as the planned CenterPoint Ohio acquisition, including receipt of required regulatory clearances and satisfaction of other conditions to closing, and to recognize the anticipated benefits of such transactions; governmental/regulatory actions and/or market pressures to reduce or eliminate reliance on natural gas; the Company’s ability to estimate accurately the time and resources necessary to meet emissions targets; changes in the price of natural gas; impairments under the SEC’s full cost ceiling test for natural gas reserves; the creditworthiness or performance of the Company’s key suppliers, customers and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures, other investments, and acquisitions, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; negotiations with the collective bargaining units representing the Company’s workforce, including potential work stoppages during negotiations; changes in price differentials between similar quantities of natural gas sold at different geographic locations, and the effect of such changes on commodity production, revenues and demand for pipeline transportation capacity to or from such locations; the impact of information technology disruptions, cybersecurity or data security breaches, including the impact of issues that may arise from the use of artificial intelligence technologies; factors affecting the Company’s ability to successfully identify, drill for and produce economically viable natural gas reserves, including among others geology, lease availability and costs, title disputes, weather conditions, water availability and disposal or recycling opportunities of used water, shortages, delays or unavailability of equipment and services required in drilling operations, insufficient gathering, processing and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increased costs or delays or changes in plans with respect to Company projects or related projects of other companies, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of natural gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas; changes in demographic patterns and weather conditions (including those related to climate change); changes in the availability, price or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities or acts of war, as well as economic and operational disruptions due to third-party outages; significant differences between the Company’s projected and actual capital expenditures and operating expenses; or increasing costs of insurance, changes in coverage and the ability to obtain insurance. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date thereof.

 NATIONAL FUEL GAS COMPANY
AND SUBSIDIARIESGUIDANCE SUMMARY  As discussed on page 2, the Company is revising its adjusted earnings per share guidance for fiscal 2026. Additional details on the Company's forecast assumptions and business segment guidance are outlined in the table below. The acquisition of CenterPoint Energy's Ohio natural gas utility business still is expected to close in the fourth quarter of calendar 2026, as previously planned. As a result, this is not expected to impact fiscal 2026 guidance, which also excludes any financing or acquisition-related costs. Fiscal 2026 adjusted earnings per share guidance also excludes after-tax financing and acquisition related costs during the nine months ended June 30, 2026, which reduced earnings by $0.30 per share, and expected financing and acquisition related costs during the three months ending September 30, 2026.

The revised adjusted earnings per share guidance range also excludes certain items that impacted the comparability of adjusted operating results during the nine months ended June 30, 2026, including after-tax unrealized losses on other investments, which increased earnings by less than $0.01 per share. While the Company expects to record certain adjustments to unrealized gain or loss on investments during the remaining three months ending September 30, 2026, the amounts of these and other potential adjustments are not reasonably determinable at this time. As such, the Company is unable to provide earnings guidance other than on a non-GAAP basis.

 Previous FY 2026 Guidance Updated FY 2026 Guidance    Consolidated Adjusted Earnings per Share$7.45 - $7.75 $7.40 - $7.60Consolidated Effective Tax Rate~ 25.5% ~ 25.5%    Capital Expenditures (Millions)   Integrated Upstream and Gathering$560 - $610 $580 - $605(1)Pipeline and Storage$210 - $250 $235 - $265Utility$185 - $205 $185 - $205Consolidated Capital Expenditures$955 - $1,065 $1,000 - $1,075    Integrated Upstream & Gathering Segment Guidance       Commodity Price Assumptions(price for remaining six months) (price for remaining three months)NYMEX natural gas price (per MMBtu)$3.00 $3.00Appalachian basin spot price (per MMBtu)$2.20 $2.15    Production (Bcf)425 to 440 420 to 430    Integrated Operating Costs ($/Mcf)   Upstream General and Administrative Expense~$0.18 ~$0.18Lease Operating Expense$0.16 - $0.17 $0.15 - $0.16Gathering Operation and Maintenance Expense~$0.12 ~$0.12Depreciation, Depletion and Amortization$0.76 - $0.81 $0.77 - $0.80    Pipeline and Storage Segment Revenues (Millions)$420 - $435 $420 - $435    Utility Segment Guidance (Millions)   Customer Margin(2)$470 - $490 $470 - $490O&M Expense$250 – $260 $250 – $260Non-Service Pension & OPEB Income$23 - $27 $23 - $27     (1) Integrated Upstream and Gathering Capital Expenditures exclude $20 to $40 million of discretionary land spending.
(2) Customer Margin is defined as Operating Revenues less Purchased Gas Expense.

 NATIONAL FUEL GAS COMPANYRECONCILIATION OF CURRENT AND PRIOR YEAR GAAP EARNINGSQUARTER ENDED JUNE 30, 2026(Unaudited)           Integrated         Upstream Pipeline &   Corporate /  (Thousands of Dollars)& Gathering Storage Utility All Other Consolidated(1)          Third quarter 2025 GAAP earnings$116,667  $28,857  $4,997  $(703) $149,818 Items impacting comparability:         Unrealized (gain) loss on derivative asset 45         45 Tax impact of unrealized (gain) loss on derivative asset (12)        (12)Unrealized (gain) loss on other investments       (820)  (820)Tax impact of unrealized (gain) loss on other investments       172   172 Third quarter 2025 adjusted earnings 116,700   28,857   4,997   (1,351)  149,203 Drivers of adjusted earnings(2)         Integrated Upstream and Gathering Revenues         Higher (lower) natural gas production (15,646)        (15,646)Higher (lower) realized natural gas prices, after hedging 8,253         8,253 Higher (lower) gathering revenues 951         951 Higher (lower) other operating revenues 3,830         3,830 Pipeline and Storage Revenues         Higher (lower) operating revenues   760       760 Utility Margins(3)         Impact of usage and weather     (689)    (689)Impact of new rates in New York     4,443     4,443 Regulatory revenue adjustments     304     304 Higher (lower) other operating revenues     644     644 Operating Expenses         Lower (higher) lease operating expenses (2,592)        (2,592)Lower (higher) operating expenses (3,290)  (960)  (3,644)  (2,500)  (10,394)Lower (higher) property, franchise and other taxes 1,145         1,145 Lower (higher) depreciation / depletion (2,672)  (833)      (3,505)Other Income (Expense)         Higher (lower) other income   635     (454)  181 (Higher) lower interest expense 3,712       (637)  3,075 Income Taxes         Lower (higher) income tax expense / effective tax rate 2,095   564   (711)  (712)  1,236           All other / rounding (295)  (284)  342   20   (217)Third quarter 2026 adjusted earnings 112,191   28,739   5,686   (5,634)  140,982 Items impacting comparability:         Costs related to the pending Ohio gas utility acquisition       (6,192)  (6,192)Tax impact of costs related to the pending Ohio gas utility acquisition       1,435   1,435 Net interest benefit from equity issuance related to pending acquisition       3,566   3,566 Tax impact of net interest benefit from equity issuance       (826)  (826)Interest expense from long-term debt issuances for pending acquisition, net of interest benefit       (1,129)  (1,129)Tax impact of interest expense from long-term debt issuances, net of interest benefit       262   262 Premiums paid on early redemption of debt (413)        (413)Tax impact of premiums paid on early redemption of debt 96         96 Unrealized gain (loss) on other investments       1,064   1,064 Tax impact of unrealized gain (loss) on other investments       (224)  (224)Third quarter 2026 GAAP earnings$111,874  $28,739  $5,686  $(7,678) $138,621           (1)Amounts do not reflect intercompany eliminations.
(2)Drivers of adjusted earnings have been calculated using the 21% federal statutory rate.(3)Downstream margin defined as operating revenues less purchased gas expense.   NATIONAL FUEL GAS COMPANYRECONCILIATION OF CURRENT AND PRIOR YEAR GAAP EARNINGS PER SHAREQUARTER ENDED JUNE 30, 2026(Unaudited)           Integrated         Upstream Pipeline &   Corporate /   & Gathering Storage Utility All Other Consolidated(1)          Third quarter 2025 GAAP earnings per share$1.28  $0.32  $0.05  $(0.01) $1.64 Items impacting comparability:         Unrealized (gain) loss on derivative asset, net of tax         — Unrealized (gain) loss on other investments, net of tax       (0.01)  (0.01)Rounding       0.01   0.01 Third quarter 2025 adjusted earnings per share 1.28   0.32   0.05   (0.01)  1.64 Drivers of adjusted earnings(2)(4)         Integrated Upstream and Gathering Revenues         Higher (lower) natural gas production (0.17)        (0.17)Higher (lower) realized natural gas prices, after hedging 0.09         0.09 Higher (lower) gathering revenues 0.01         0.01 Higher (lower) other operating revenues 0.04         0.04 Pipeline and Storage Revenues         Higher (lower) operating revenues   0.01       0.01 Utility Margins(3)         Impact of usage and weather     (0.01)    (0.01)Impact of new rates in New York     0.05     0.05 Regulatory revenue adjustments     —     — Higher (lower) other operating revenues     0.01     0.01 Operating Expenses         Lower (higher) lease operating expenses (0.03)        (0.03)Lower (higher) operating expenses (0.04)  (0.01)  (0.04)  (0.03)  (0.12)Lower (higher) property, franchise and other taxes 0.01         0.01 Lower (higher) depreciation / depletion (0.03)  (0.01)      (0.04)Other Income (Expense)         Higher (lower) other income   0.01     —   0.01 (Higher) lower interest expense 0.04       (0.01)  0.03 Income Taxes         Lower (higher) income tax expense / effective tax rate 0.02   0.01   (0.01)  (0.01)  0.01           All other / rounding 0.01   (0.02)  0.01   —   — Third quarter 2026 adjusted earnings per share(4) 1.23   0.31   0.06   (0.06)  1.54 Items impacting comparability(4):         Costs related to the pending Ohio gas utility acquisition, net of tax       (0.05)  (0.05)Impact of equity issuance related to pending acquisition, net of interest benefits (0.06)  (0.01)  —   0.03   (0.04)Interest expense from long-term debt issuances for pending acquisition, net of tax       (0.01)  (0.01)Premiums paid on early redemption of debt, net of tax —         — Unrealized gain (loss) on other investments, net of tax       0.01   0.01 Third quarter 2026 GAAP earnings per share$1.17  $0.30  $0.06  $(0.08) $1.45           (1)Amounts do not reflect intercompany eliminations.
(2)Drivers of adjusted earnings have been calculated using the 21% federal statutory rate.(3)Downstream margin defined as operating revenues less purchased gas expense.(4)As a result of the equity issuance, drivers of adjusted earnings, third quarter 2026 adjusted earnings per share, and items impacting comparability for the third quarter 2026 have been calculated using adjusted diluted shares of 91,333,969.   NATIONAL FUEL GAS COMPANYRECONCILIATION OF CURRENT AND PRIOR YEAR GAAP EARNINGSNINE MONTHS ENDED JUNE 30, 2026(Unaudited)           Integrated         Upstream Pipeline &   Corporate /  (Thousands of Dollars)& Gathering Storage Utility All Other Consolidated(1)Nine months ended June 30, 2025 GAAP earnings$221,205  $93,019  $101,040  $(4,102) $411,162 Items impacting comparability:         Impairment of assets 141,802         141,802 Tax impact of impairment of assets (37,169)        (37,169)Premiums paid on early redemption of debt 2,385         2,385 Tax impact of premiums paid on early redemption of debt (642)        (642)Unrealized (gain) loss on derivative asset 729         729 Tax impact of unrealized (gain) loss on derivative asset (196)        (196)Unrealized (gain) loss on other investments       1,780   1,780 Tax impact of unrealized (gain) loss on other investments       (374)  (374)Nine months ended June 30, 2025 adjusted earnings 328,114   93,019   101,040   (2,696)  519,477 Drivers of adjusted earnings(2)         Integrated Upstream and Gathering Revenues         Higher (lower) natural gas production 1,406         1,406 Higher (lower) realized natural gas prices, after hedging 77,803         77,803 Higher (lower) other operating revenues 8,880         8,880 Pipeline and Storage Revenues         Higher (lower) operating revenues   2,481       2,481 Utility Margins(3)         Impact of usage and weather     957     957 Impact of new rates in New York     10,520     10,520 Regulatory revenue adjustments     4,856     4,856 Higher (lower) other operating revenues     1,928     1,928 Operating Expenses         Lower (higher) lease operating expenses (11,316)        (11,316)Lower (higher) operating expenses (9,061)  (1,559)  (10,298)  (4,453)  (25,371)Lower (higher) depreciation / depletion (14,945)  (2,359)  (2,578)    (19,882)Other Income (Expense)         Higher (lower) other income   (1,081)  862   708   489 (Higher) lower interest expense 10,510     (717)  (1,949)  7,844 Income Taxes         Lower (higher) income tax expense / effective tax rate (2,288)  1,140   (1,290)  (741)  (3,179)          All other / rounding (835)  (76)  (155)  69   (997)Nine months ended June 30, 2026 adjusted earnings 388,268   91,565   105,125   (9,062)  575,896 Items impacting comparability:         Costs related to the pending Ohio gas utility acquisition       (16,378)  (16,378)Tax impact of costs related to the pending Ohio gas utility acquisition       3,796   3,796 Net interest benefit from equity issuance       7,497   7,497 Tax impact of net interest benefit from equity issuance       (1,738)  (1,738)Interest expense from long-term debt issuances for pending acquisition, net of interest benefit       (1,129)  (1,129)Tax impact of interest expense from long-term debt issuances, net of interest benefit       262   262 Premiums paid on early redemption of debt (413)        (413)Tax impact of premiums paid on early redemption of debt 96         96 Unrealized gain (loss) on other investments       57   57 Tax impact of unrealized gain (loss) on other investments       (12)  (12)Nine months ended June 30, 2026 GAAP earnings$387,951  $91,565  $105,125  $(16,707) $567,934           (1)Amounts do not reflect intercompany eliminations.
(2)Drivers of adjusted earnings have been calculated using the 21% federal statutory rate.(3)Downstream margin defined as operating revenues less purchased gas expense.   NATIONAL FUEL GAS COMPANYRECONCILIATION OF CURRENT AND PRIOR YEAR GAAP EARNINGS PER SHARENINE MONTHS ENDED JUNE 30, 2026(Unaudited)           Integrated         Upstream Pipeline &   Corporate /   & Gathering Storage Utility All Other Consolidated(1)Nine months ended June 30, 2025 GAAP earnings per share$2.42  $1.02  $1.11  $(0.04) $4.51 Items impacting comparability:         Impairment of assets, net of tax 1.14         1.14 Premiums paid on early redemption of debt, net of tax 0.02         0.02 Unrealized (gain) loss on derivative asset, net of tax 0.01         0.01 Unrealized (gain) loss on other investments, net of tax       0.02   0.02 Rounding       (0.01)  (0.01)Nine months ended June 30, 2025 adjusted earnings per share 3.59   1.02   1.11   (0.03)  5.69 Drivers of adjusted earnings(2)(4)         Integrated Upstream and Gathering Revenues         Higher (lower) natural gas production 0.02         0.02 Higher (lower) realized natural gas prices, after hedging 0.85         0.85 Higher (lower) other operating revenues 0.10         0.10 Pipeline and Storage Revenues         Higher (lower) operating revenues   0.03       0.03 Utility Margins(3)         Impact of usage and weather     0.01     0.01 Impact of new rates in New York     0.12     0.12 Regulatory revenue adjustments     0.05     0.05 Higher (lower) other operating revenues     0.02     0.02 Operating Expenses         Lower (higher) lease operating expenses (0.12)        (0.12)Lower (higher) operating expenses (0.10)  (0.02)  (0.11)  (0.05)  (0.28)Lower (higher) depreciation / depletion (0.16)  (0.03)  (0.03)    (0.22)Other Income (Expense)         Higher (lower) other income   (0.01)  0.01   0.01   0.01 (Higher) lower interest expense 0.12     (0.01)  (0.02)  0.09 Income Taxes         Lower (higher) income tax expense / effective tax rate (0.03)  0.01   (0.01)  (0.01)  (0.04)          All other / rounding (0.02)  —   (0.01)  0.01   (0.02)Nine months ended June 30, 2026 adjusted earnings per share(4) 4.25   1.00   1.15   (0.09)  6.31 Items impacting comparability(4):         Costs related to the pending Ohio gas utility acquisition, net of tax       (0.14)  (0.14)Impact of equity issuance related to pending acquisition, net of interest benefits (0.14)  (0.03)  (0.04)  0.06   (0.15)Interest expense from long-term debt issuances for pending acquisition, net of tax       (0.01)  (0.01)Premiums paid on early redemption of debt, net of tax —         — Unrealized gain (loss) on other investments, net of tax       —   — Nine months ended June 30, 2026 GAAP earnings per share$4.11  $0.97  $1.11  $(0.18) $6.01           (1)Amounts do not reflect intercompany eliminations.
(2)Drivers of adjusted earnings have been calculated using the 21% federal statutory rate.(3)Downstream margin defined as operating revenues less purchased gas expense.(4)As a result of the equity issuance, drivers of adjusted earnings, nine months ended June 30, 2026 adjusted earnings per share, and items impacting comparability for the nine months ended June 30, 2026 have been calculated using adjusted diluted shares of 91,284,991.          NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES        (Thousands of Dollars, except per share amounts)        Three Months Ended Nine Months Ended June 30, June 30, (Unaudited) (Unaudited)SUMMARY OF OPERATIONS2026
 2025
 2026
 2025
Operating Revenues:       Utility Revenues$165,422  $157,446  $850,258  $729,445 Integrated Upstream and Gathering Revenues 302,516   306,402   984,561   873,901 Pipeline and Storage Revenues 69,559   67,982   212,558   207,916   537,497   531,830   2,047,377   1,811,262 Operating Expenses:       Purchased Gas 29,878   27,986   323,335   228,661 Operation and Maintenance:       Utility 60,592   56,053   187,549   174,744 Integrated Upstream and Gathering and Other 63,534   47,137   180,904   137,312 Pipeline and Storage 31,013   29,814   88,459   86,544 Property, Franchise and Other Taxes 22,482   24,180   72,519   71,450 Depreciation, Depletion and Amortization 121,058   116,408   362,412   337,055 Impairment of Assets —   —   —   141,802   328,557   301,578   1,215,178   1,177,568         Operating Income 208,940   230,252   832,199   633,694         Other Income (Expense):       Other Income (Deductions) 11,866   8,534   37,100   31,486 Interest Expense on Long-Term Debt (33,181)  (34,333)  (96,776)  (107,356)Other Interest Expense (2,831)  (3,556)  (16,344)  (13,033)        Income Before Income Taxes 184,794   200,897   756,179   544,791         Income Tax Expense 46,173   51,079   188,245   133,629         Net Income Available for Common Stock$138,621  $149,818  $567,934  $411,162         Earnings Per Common Share       Basic$1.46  $1.66  $6.06  $4.54 Diluted$1.45  $1.64  $6.01  $4.51         Weighted Average Common Shares:       Used in Basic Calculation 95,034,935   90,358,018   93,730,191   90,546,228 Used in Diluted Calculation 95,736,482   91,139,556   94,445,771   91,247,547                   NATIONAL FUEL GAS COMPANYAND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited)   June 30,
 September 30,(Thousands of Dollars)2026
 2025
ASSETS    Property, Plant and Equipment$16,097,040  $15,406,329 Less - Accumulated Depreciation, Depletion and Amortization 8,002,972   7,693,687 Net Property, Plant and Equipment 8,094,068   7,712,642 Current Assets:    Cash and Temporary Cash Investments 1,235,178   43,166 Receivables - Net 227,913   180,801 Unbilled Revenue 16,916   16,219 Gas Stored Underground 12,838   33,468 Materials and Supplies - at average cost 51,232   50,545 Unrecovered Purchased Gas Costs 2,136   5,769 Other Current Assets 67,660   80,759 Total Current Assets 1,613,873   410,727 Other Assets:    Recoverable Future Taxes 98,996   89,247 Unamortized Debt Expense 5,821   6,236 Other Regulatory Assets 123,464   135,486 Deferred Charges 117,345   73,941 Other Investments 66,946   68,346 Goodwill 5,476   5,476 Prepaid Pension and Post-Retirement Benefit Costs 187,737   169,228 Fair Value of Derivative Financial Instruments 127,630   39,388 Other 10,411   8,387 Total Other Assets 743,826   595,735 Total Assets$10,451,767  $8,719,104 CAPITALIZATION AND LIABILITIES    Capitalization:    Comprehensive Shareholders' Equity    Common Stock, $1 Par Value Authorized - 200,000,000 Shares; Issued and    Outstanding - 95,035,675 Shares and 90,379,095 Shares, Respectively$95,036  $90,379 Paid in Capital 1,393,023   1,050,918 Earnings Reinvested in the Business 2,426,044   2,012,529 Accumulated Other Comprehensive Income (Loss) 9,576   (59,222)Total Comprehensive Shareholders' Equity 3,923,679   3,094,604 Long-Term Debt, Net of Current Portion and Unamortized Discount and Debt Issuance Costs 3,567,401   2,382,861 Total Capitalization 7,491,080   5,477,465 Current and Accrued Liabilities:    Notes Payable to Banks and Commercial Paper —   150,200 Current Portion of Long-Term Debt —   300,000 Accounts Payable 146,096   184,046 Amounts Payable to Customers 752   968 Dividends Payable 52,745   48,353 Interest Payable on Long-Term Debt 34,475   14,393 Customer Advances —   17,188 Customer Security Deposits 27,723   29,853 Other Accruals and Current Liabilities 241,398   174,689 Fair Value of Derivative Financial Instruments 1,027   6,074 Total Current and Accrued Liabilities 504,216   925,764 Other Liabilities:    Deferred Income Taxes 1,353,287   1,225,262 Taxes Refundable to Customers 302,149   306,335 Cost of Removal Regulatory Liability 319,921   307,659 Other Regulatory Liabilities 116,935   121,944 Pension and Other Post-Retirement Liabilities 3,768   5,252 Asset Retirement Obligations 223,021   236,787 Other Liabilities 137,390   112,636 Total Other Liabilities 2,456,471   2,315,875 Commitments and Contingencies —   — Total Capitalization and Liabilities$10,451,767  $8,719,104               NATIONAL FUEL GAS COMPANYAND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)  Nine Months Ended  June 30,(Thousands of Dollars) 2026
 2025
     Operating Activities:    Net Income Available for Common Stock $567,934  $411,162 Adjustments to Reconcile Net Income to Net Cash    Provided by Operating Activities:    Impairment of Assets  —   141,802 Depreciation, Depletion and Amortization  362,412   337,055 Deferred Income Taxes  88,936   60,754 Premium Paid on Early Redemption of Debt  413   2,385 Stock-Based Compensation  14,801   15,721 Other  17,695   19,296 Change in:    Receivables and Unbilled Revenue  (47,233)  (95,254)Gas Stored Underground and Materials and Supplies  19,943   18,803 Unrecovered Purchased Gas Costs  3,633   (2,903)Other Current Assets  13,054   28,038 Accounts Payable  2   1,744 Amounts Payable to Customers  (216)  (18,445)Customer Advances  (17,188)  (19,373)Customer Security Deposits  (2,130)  (7,526)Other Accruals and Current Liabilities  57,892   44,283 Other Assets  (15,919)  (35,348)Other Liabilities  (29,494)  (39,918)Net Cash Provided by Operating Activities $1,034,535  $862,276      Investing Activities:    Capital Expenditures $(764,515) $(627,316)Other  10,302   9,352 Net Cash Used in Investing Activities $(754,213) $(617,964)     Financing Activities:    Changes in Notes Payable to Banks and Commercial Paper $(150,200) $(29,200)Shares Repurchased Under Repurchase Plan  —   (54,430)Reduction of Long-Term Debt  (601,239)  (1,004,086)Net Proceeds From Issuance of Long-Term Debt  1,481,195   988,731 Dividends Paid on Common Stock  (150,027)  (140,098)Net Proceeds from Common Stock Sale  338,396   — Net Repurchases of Common Stock Under Stock and Benefit Plans  (6,435)  (4,134)Net Cash Provided by (Used in) Financing Activities $911,690  $(243,217)     Net Increase in Cash and Cash Equivalents  1,192,012   1,095 Cash and Cash Equivalents at Beginning of Period  43,166   38,222 Cash and Cash Equivalents at June 30 $1,235,178  $39,317                       NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES            SEGMENT OPERATING RESULTS AND STATISTICS(UNAUDITED)            INTEGRATED UPSTREAM AND GATHERING SEGMENT                         Three Months Ended Nine Months Ended(Thousands of Dollars, except per share amounts)June 30, June 30, 2026
 2025
 Variance 2026
 2025
 VarianceTotal Operating Revenues$302,516  $306,402  $(3,886) $984,561  $873,901  $110,660 Operating Expenses:           Operation and Maintenance:           Upstream General and Administrative Expense 17,487   18,602   (1,115)  55,365   56,776   (1,411)Lease Operating Expense 15,847   12,566   3,281   50,034   35,710   14,324 Gathering Operation and Maintenance Expense 13,595   7,865   5,730   37,788   23,760   14,028 All Other Operation and Maintenance Expense 3,366   3,816   (450)  9,847   10,994   (1,147)Property, Franchise and Other Taxes 3,693   5,142   (1,449)  12,118   12,572   (454)Depreciation, Depletion and Amortization 83,078   79,696   3,382   247,888   228,970   18,918 Impairment of Assets —   —   —   —   141,802   (141,802)  137,066   127,687   9,379   413,040   510,584   (97,544)            Operating Income 165,450   178,715   (13,265)  571,521   363,317   208,204             Other Income (Expense):           Non-Service Pension and Post-Retirement Benefit Credit (Cost) (81)  36   (117)  (244)  110   (354)Interest and Other Income 414   44   370   986   568   418 Interest Expense on Long-Term Debt (493)  —   (493)  (493)  (3,283)  2,790 Interest Expense (13,016)  (17,795)  4,779   (44,260)  (56,746)  12,486 Income Before Income Taxes 152,274   161,000   (8,726)  527,510   303,966   223,544 Income Tax Expense 40,400   44,333   (3,933)  139,559   82,761   56,798 Net Income$111,874  $116,667  $(4,793) $387,951  $221,205  $166,746 Net Income Per Share (Diluted)$1.17  $1.28  $(0.11) $4.11  $2.42  $1.69                          NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES            SEGMENT OPERATING RESULTS AND STATISTICS(UNAUDITED)            PIPELINE AND STORAGE SEGMENT             Three Months Ended Nine Months Ended(Thousands of Dollars, except per share amounts)June 30, June 30, 2026
 2025
 Variance 2026
 2025
 VarianceRevenues from External Customers$69,559  $67,982  $1,577  $212,558  $207,916  $4,642 Intersegment Revenues 36,982   37,597   (615)  112,347   113,849   (1,502)Total Operating Revenues 106,541   105,579   962   324,905   321,765   3,140 Operating Expenses:           Purchased Gas (67)  (164)  97   (74)  (42)  (32)Operation and Maintenance 31,479   30,264   1,215   89,913   87,940   1,973 Property, Franchise and Other Taxes 8,196   8,460   (264)  25,178   25,727   (549)Depreciation, Depletion and Amortization 19,656   18,601   1,055   58,719   55,733   2,986   59,264   57,161   2,103   173,736   169,358   4,378             Operating Income 47,277   48,418   (1,141)  151,169   152,407   (1,238)            Other Income (Expense):           Non-Service Pension and Post-Retirement Benefit Credit 537   952   (415)  1,610   2,857   (1,247)Interest and Other Income 2,077   1,111   966   4,441   4,945   (504)Interest Expense (11,735)  (11,209)  (526)  (35,314)  (34,637)  (677)Income Before Income Taxes 38,156   39,272   (1,116)  121,906   125,572   (3,666)Income Tax Expense 9,417   10,415   (998)  30,341   32,553   (2,212)Net Income$28,739  $28,857  $(118) $91,565  $93,019  $(1,454)Net Income Per Share (Diluted)$0.30  $0.32  $(0.02) $0.97  $1.02  $(0.05)                         NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES            SEGMENT OPERATING RESULTS AND STATISTICS(UNAUDITED)            UTILITY SEGMENT                         Three Months Ended Nine Months Ended(Thousands of Dollars, except per share amounts)June 30, June 30, 2026
 2025
 Variance 2026
 2025
 VarianceRevenues from External Customers$165,422  $157,446  $7,976  $850,258  $729,445  $120,813 Intersegment Revenues 78   77   1   294   279   15 Total Operating Revenues 165,500   157,523   7,977   850,552   729,724   120,828 Operating Expenses:           Purchased Gas 66,239   64,292   1,947   433,384   337,541   95,843 Operation and Maintenance 61,652   57,039   4,613   190,778   177,742   13,036 Property, Franchise and Other Taxes 10,461   10,449   12   34,827   32,761   2,066 Depreciation, Depletion and Amortization 18,090   17,945   145   55,171   51,908   3,263   156,442   149,725   6,717   714,160   599,952   114,208             Operating Income 9,058   7,798   1,260   136,392   129,772   6,620             Other Income (Expense):           Non-Service Pension and Post-Retirement Benefit Credit 5,220   5,328   (108)  23,032   23,498   (466)Interest and Other Income 1,054   628   426   3,426   1,869   1,557 Interest Expense (10,764)  (10,958)  194   (33,508)  (32,601)  (907)Income Before Income Taxes 4,568   2,796   1,772   129,342   122,538   6,804 Income Tax Expense (Benefit) (1,118)  (2,201)  1,083   24,217   21,498   2,719 Net Income$5,686  $4,997  $689  $105,125  $101,040  $4,085 Net Income Per Share (Diluted)$0.06  $0.05  $0.01  $1.11  $1.11  $—               NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES            SEGMENT OPERATING RESULTS AND STATISTICS(UNAUDITED)             Three Months Ended Nine Months Ended(Thousands of Dollars, except per share amounts)June 30, June 30,ALL OTHER2026
 2025
 Variance 2026
 2025
 VarianceTotal Operating Revenues$—  $—  $—  $—  $—  $— Operating Expenses:           Operation and Maintenance —   —   —   —   —   —   —   —   —   —   —   —             Operating Loss —   —   —   —   —   — Other Income (Expense):           Interest and Other Income (Deductions) (172)  (131)  (41)  1,053   (489)  1,542 Interest Expense (122)  (141)  19   (376)  (389)  13 Income (Loss) before Income Taxes (294)  (272)  (22)  677   (878)  1,555 Income Tax Expense (Benefit) (72)  (63)  (9)  154   (204)  358 Net Income (Loss)$(222) $(209) $(13) $523  $(674) $1,197 Net Income (Loss) Per Share (Diluted)$—  $—  $—  $—  $(0.01) $0.01          Three Months Ended Nine Months Ended June 30, June 30,CORPORATE2026
 2025
 Variance 2026
 2025
 VarianceRevenues from External Customers$—  $—  $—  $—  $—  $— Intersegment Revenues 1,436   1,341   95   4,307   4,024   283 Total Operating Revenues 1,436   1,341   95   4,307   4,024   283 Operating Expenses:           Operation and Maintenance 13,915   5,725   8,190   30,160   14,992   15,168 Property, Franchise and Other Taxes 132   129   3   396   390   6 Depreciation, Depletion and Amortization 234   166   68   634   444   190   14,281   6,020   8,261   31,190   15,826   15,364             Operating Loss (12,845)  (4,679)  (8,166)  (26,883)  (11,802)  (15,081)Other Income (Expense):           Non-Service Pension and Post-Retirement Benefit Costs (217)  (212)  (5)  (652)  (635)  (17)Interest and Other Income 39,151   41,073   (1,922)  116,316   123,918   (7,602)Interest Expense on Long-Term Debt (32,688)  (34,333)  1,645   (96,283)  (104,073)  7,790 Other Interest Expense (3,311)  (3,748)  437   (15,754)  (13,815)  (1,939)Loss before Income Taxes (9,910)  (1,899)  (8,011)  (23,256)  (6,407)  (16,849)Income Tax Benefit (2,454)  (1,405)  (1,049)  (6,026)  (2,979)  (3,047)Net Loss$(7,456) $(494) $(6,962) $(17,230) $(3,428) $(13,802)Net Loss Per Share (Diluted)$(0.08) $(0.01) $(0.07) $(0.18) $(0.03) $(0.15)                         Three Months Ended Nine Months Ended June 30, June 30,INTERSEGMENT ELIMINATIONS2026
 2025
 Variance 2026
 2025
 VarianceIntersegment Revenues$(38,496) $(39,015) $519  $(116,948) $(118,152) $1,204 Operating Expenses:           Purchased Gas (36,294)  (36,142)  (152)  (109,975)  (108,838)  (1,137)Operation and Maintenance (2,202)  (2,873)  671   (6,973)  (9,314)  2,341   (38,496)  (39,015)  519   (116,948)  (118,152)  1,204 Operating Income —   —   —   —   —   — Other Income (Expense):           Interest and Other Deductions (36,117)  (40,295)  4,178   (112,868)  (125,155)  12,287 Interest Expense 36,117   40,295   (4,178)  112,868   125,155   (12,287)Net Income$—  $—  $—  $—  $—  $— Net Income Per Share (Diluted)$—  $—  $—  $—  $—  $—                                            NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES                  SEGMENT INFORMATION (Continued)(Thousands of Dollars)                   Three Months Ended Nine Months Ended June 30, June 30, (Unaudited) (Unaudited)         Increase       Increase 2026
  2025
  (Decrease) 2026
  2025
  (Decrease)                  Capital Expenditures:                 Integrated Upstream and Gathering$146,327 (1) $150,007 (3) $(3,680) $453,903 (1)(2) $412,519 (3)(4) $41,384 Pipeline and Storage 91,571 (1)  22,700 (3)  68,871   166,199 (1)(2)  58,117 (3)(4)  108,082 Utility 46,956 (1)  50,025 (3)  (3,069)  120,550 (1)(2)  128,322 (3)(4)  (7,772)Total Reportable Segments 284,854    222,732    62,122   740,652    598,958    141,694 All Other —    —    —   —    —    — Corporate 4,009    138    3,871   4,434    518    3,916 Eliminations —    —    —   (546)   (3,520)   2,974 Total Capital Expenditures$288,863   $222,870   $65,993  $744,540   $595,956   $148,584  (1) Capital expenditures for the quarter and nine months ended June 30, 2026, include accounts payable and accrued liabilities related to capital expenditures of $65.7 million, $29.0 million, $7.2 million and $3.4 million in the Integrated Upstream and Gathering segment, Pipeline and Storage segment, Utility segment and Corporate category, respectively. These amounts have been excluded from the Consolidated Statement of Cash Flows at June 30, 2026, since they represent non-cash investing activities at that date.   (2) Capital expenditures for the nine months ended June 30, 2026, exclude capital expenditures of $87.9 million, $19.4 million and $18.0 million in the Integrated Upstream and Gathering segment, Pipeline and Storage segment and Utility segment, respectively. These amounts were in accounts payable and accrued liabilities at September 30, 2025 and paid during the nine months ended June 30, 2026. These amounts were excluded from the Consolidated Statement of Cash Flows at September 30, 2025, since they represented non-cash investing activities at that date. These amounts have been included in the Consolidated Statement of Cash Flows at June 30, 2026.   (3) Capital expenditures for the quarter and nine months ended June 30, 2025, include accounts payable and accrued liabilities related to capital expenditures of $73.1 million, $5.7 million and $9.8 million in the Integrated Upstream and Gathering segment, Pipeline and Storage segment and Utility segment, respectively. These amounts were excluded from the Consolidated Statement of Cash Flows at June 30, 2025, since they represented non-cash investing activities at that date.   (4) Capital expenditures for the nine months ended June 30, 2025, exclude capital expenditures of $85.0 million, $14.4 million and $20.6 million in the Integrated Upstream and Gathering segment, Pipeline and Storage segment and Utility segment, respectively. These amounts were in accounts payable and accrued liabilities at September 30, 2024 and paid during the nine months ended June 30, 2025. These amounts were excluded from the Consolidated Statement of Cash Flows at September 30, 2024, since they represented non-cash investing activities at that date. These amounts have been included in the Consolidated Statement of Cash Flows at June 30, 2025.                 DEGREE DAYS                      Percent Colder          (Warmer) Than:Three Months Ended June 30,Normal
 2026
 2025
 Normal(1) Last Year(1)Buffalo, NY843  797  825  (5.5) (3.4)Erie, PA776  711  813  (8.4) (12.5)             Nine Months Ended June 30,            Buffalo, NY6,195  6,360  5,825  2.7  9.2 Erie, PA5,693  5,911  5,527  3.8  6.9  (1) Percents compare actual 2026 degree days to normal degree days and actual 2026 degree days to actual 2025 degree days.      NATIONAL FUEL GAS COMPANY
AND SUBSIDIARIES
                  INTEGRATED UPSTREAM AND GATHERING INFORMATION
                                      Three Months Ended Nine Months Ended
  June 30, June 30,
        Increase       Increase
  2026
 2025
 (Decrease) 2026
 2025
 (Decrease)
                  Gas Production/Prices:                 Production (MMcf)                 Appalachia  104,285   111,588   (7,303)  315,470   314,819   651                   Average Prices (Per Mcf)                 Weighted Average $2.25  $2.69  $(0.44) $2.97  $2.66  $0.31 Weighted Average after Hedging $2.81  $2.71  $0.10  $3.05  $2.73  $0.32                                     Selected Operating Performance Statistics:                 Upstream General and Administrative Expense per Mcf(1) $0.17  $0.17  $—  $0.18  $0.18  $— Lease Operating Expense per Mcf(1) $0.15  $0.11  $0.04  $0.16  $0.11  $0.05 Adjusted Gathering Operation and Maintenance Expense per Mcf(1)(2) $0.13  $0.11  $0.02  $0.12  $0.11  $0.01 Depreciation, Depletion and Amortization per Mcf(1) $0.80  $0.71  $0.09  $0.79  $0.73  $0.06  (1) Refer to page 15 for the Upstream General and Administrative Expense, Lease Operating Expense, Gathering Operation and Maintenance Expense, and Depreciation, Depletion, and Amortization Expense for the Integrated Upstream and Gathering segment.   (2) Adjusted Gathering O&M Expense of $0.11 per Mcf for both the three and nine months ended June 30, 2025, exclude a $0.04 per Mcf and $0.03 per Mcf reduction, respectively, to Gathering O&M Expense attributed to a change in segment reporting, which is fully offset in operating revenue.                     NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES                                                   Pipeline and Storage Throughput - (millions of cubic feet - MMcf)                         Three Months Ended Nine Months Ended  June 30, June 30,        Increase       Increase  2026
 2025
 (Decrease) 2026
 2025
 (Decrease)Firm Transportation - Affiliated 17,166  20,123  (2,957) 97,184  101,233  (4,049)Firm Transportation - Non-Affiliated 162,182  158,910  3,272  543,183  515,411  27,772 Interruptible Transportation 935  149  786  1,543  665  878   180,283  179,182  1,101  641,910  617,309  24,601                                   Utility Throughput - (MMcf)                  Three Months Ended Nine Months Ended  June 30, June 30,        Increase       Increase  2026
 2025
 (Decrease) 2026
 2025
 (Decrease)Retail Sales:                Residential Sales 9,253  10,151  (898) 64,029  60,738  3,291 Commercial Sales 1,260  1,658  (398) 10,389  9,997  392 Industrial Sales 95  93  2  590  594  (4)  10,608  11,902  (1,294) 75,008  71,329  3,679 Transportation 12,756  13,853  (1,097) 57,927  55,881  2,046   23,364  25,755  (2,391) 132,935  127,210  5,725                    NATIONAL FUEL GAS COMPANY
AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES  In addition to financial measures calculated in accordance with generally accepted accounting principles (GAAP), this press release contains information regarding adjusted earnings, adjusted EBITDA, and free cash flow, which are non-GAAP financial measures. The Company believes that these non-GAAP financial measures are useful to investors because they provide an alternative method for assessing the Company's ongoing operating results or liquidity and for comparing the Company’s financial performance to other companies. The Company's management uses these non-GAAP financial measures for the same purpose, and for planning and forecasting purposes. The presentation of non-GAAP financial measures is not meant to be a substitute for financial measures in accordance with GAAP.

Management defines adjusted earnings as reported GAAP earnings before items impacting comparability. The following table reconciles National Fuel's reported GAAP earnings to adjusted earnings for the three and nine months ended June 30, 2026 and 2025:

  Three Months Ended Nine Months Ended  June 30, June 30,(in thousands except per share amounts) 2026
 2025
 2026
 2025
Reported GAAP Earnings $138,621  $149,818  $567,934  $411,162 Items impacting comparability:        Impairment of assets  —   —   —   141,802 Tax impact of impairment of assets  —   —   —   (37,169)Premiums paid on early redemption of debt  413   —   413   2,385 Tax impact of premiums paid on early redemption of debt  (96)  —   (96)  (642)Unrealized (gain) loss on derivative asset  —   45   —   729 Tax impact of unrealized (gain) loss on derivative asset  —   (12)  —   (196)Costs related to the pending Ohio gas utility acquisition  6,192   —   16,378   — Tax impact of costs related to the pending Ohio gas utility acquisition  (1,435)  —   (3,796)  — Net interest benefit from equity issuance  (3,566)  —   (7,497)  — Tax impact of net interest benefit from equity issuance  826   —   1,738   — Interest expense from long-term debt issuances for pending acquisition, net of interest benefit  1,129   —   1,129   — Tax impact of interest expense from long-term debt issuances, net of interest benefit  (262)  —   (262)  — Unrealized (gain) loss on other investments  (1,064)  (820)  (57)  1,780 Tax impact of unrealized (gain) loss on other investments  224   172   12   (374)Adjusted Earnings $140,982  $149,203  $575,896  $519,477          Reported GAAP Earnings Per Share $1.45  $1.64  $6.01  $4.51 Items impacting comparability:        Impairment of assets, net of tax  —   —   —   1.14 Premiums paid on early redemption of debt, net of tax  —   —   —   0.02 Unrealized (gain) loss on derivative asset, net of tax  —   —   —   0.01 Costs related to the pending Ohio gas utility acquisition, net of tax  0.05   —   0.14   — Impact of equity issuance related to pending acquisition, net of interest benefits  0.04   —   0.15   — Interest expense from long-term debt issuances for pending acquisition, net of tax  0.01   —   0.01   — Unrealized (gain) loss on other investments, net of tax  (0.01)  (0.01)  —   0.02 Rounding  —   0.01   —   (0.01)Adjusted Earnings Per Share $1.54  $1.64  $6.31  $5.69                    NATIONAL FUEL GAS COMPANY
AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES  Management defines adjusted EBITDA as reported GAAP earnings before the following items: interest expense, income taxes, depreciation, depletion and amortization, other income and deductions, impairments, and other items reflected in operating income that impact comparability. The following tables reconcile National Fuel's reported GAAP earnings to adjusted EBITDA for the three and nine months ended June 30, 2026 and 2025:

  Three Months Ended Nine Months Ended  June 30, June 30,(in thousands) 2026
 2025
 2026
 2025
Reported GAAP Earnings $138,621  $149,818  $567,934  $411,162 Depreciation, Depletion and Amortization  121,058   116,408   362,412   337,055 Other (Income) Deductions  (11,866)  (8,534)  (37,100)  (31,486)Interest Expense  36,012   37,889   113,120   120,389 Income Taxes  46,173   51,079   188,245   133,629 Impairment of Assets  —   —   —   141,802 Costs related to the pending Ohio gas utility acquisition(1)  5,025   —   9,531   — Adjusted EBITDA $335,023  $346,660  $1,204,142  $1,112,551          Adjusted EBITDA by Segment        Integrated Upstream and Gathering Adjusted EBITDA $248,528  $258,411  $819,409  $734,089 Pipeline and Storage Adjusted EBITDA  66,933   67,019   209,888   208,140 Utility Adjusted EBITDA  27,148   25,743   191,563   181,680 Corporate and All Other Adjusted EBITDA  (7,586)  (4,513)  (16,718)  (11,358)Total Adjusted EBITDA $335,023  $346,660  $1,204,142  $1,112,551  (1) For the three months and nine months ended June 30, 2026, costs represent a portion of acquisition costs recognized in O&M expense for the pending Ohio gas utility acquisition. The remaining $1.2 million and $6.8 million of acquisition costs for the three months and nine months ended June 30, 2026, respectively, are recognized in interest expense.     NATIONAL FUEL GAS COMPANYAND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES
SEGMENT ADJUSTED EBITDA     Three Months Ended Nine Months Ended June 30, June 30,(in thousands)2026
 2025
 2026
 2025
Integrated Upstream and Gathering Segment       Reported GAAP Earnings$111,874  $116,667  $387,951  $221,205 Depreciation, Depletion and Amortization 83,078   79,696   247,888   228,970 Other (Income) Deductions (333)  (80)  (742)  (678)Interest Expense 13,509   17,795   44,753   60,029 Income Taxes 40,400   44,333   139,559   82,761 Impairment of Assets —   —   —   141,802 Adjusted EBITDA$248,528  $258,411  $819,409  $734,089         Pipeline and Storage Segment       Reported GAAP Earnings$28,739  $28,857  $91,565  $93,019 Depreciation, Depletion and Amortization 19,656   18,601   58,719   55,733 Other (Income) Deductions (2,614)  (2,063)  (6,051)  (7,802)Interest Expense 11,735   11,209   35,314   34,637 Income Taxes 9,417   10,415   30,341   32,553 Adjusted EBITDA$66,933  $67,019  $209,888  $208,140         Utility Segment       Reported GAAP Earnings$5,686  $4,997  $105,125  $101,040 Depreciation, Depletion and Amortization 18,090   17,945   55,171   51,908 Other (Income) Deductions (6,274)  (5,956)  (26,458)  (25,367)Interest Expense 10,764   10,958   33,508   32,601 Income Taxes (1,118)  (2,201)  24,217   21,498 Adjusted EBITDA$27,148  $25,743  $191,563  $181,680         Corporate and All Other       Reported GAAP Earnings$(7,678) $(703) $(16,707) $(4,102)Depreciation, Depletion and Amortization 234   166   634   444 Other (Income) Deductions (2,645)  (435)  (3,849)  2,361 Interest Expense 4   (2,073)  (455)  (6,878)Income Taxes (2,526)  (1,468)  (5,872)  (3,183)Costs related to the pending Ohio gas utility acquisition 5,025   —   9,531   — Adjusted EBITDA$(7,586) $(4,513) $(16,718) $(11,358)                  NATIONAL FUEL GAS COMPANY
AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES
FREE CASH FLOW  Management defines free cash flow as net cash provided by operating activities, less net cash used in investing activities, adjusted for acquisitions and divestitures. The following table reconciles National Fuel's free cash flow to Net Cash Provided by Operating Activities on the Consolidated Statement of Cash Flows for the nine months ended June 30, 2026 and 2025:

  Nine Months Ended
  June 30,
(in thousands) 2026
 2025
       Net Cash Provided by Operating Activities $1,034,535  $862,276        Less:      Net Cash Used in Investing Activities  754,213   617,964 Proceeds from Divestitures  —   —    280,322   244,312 Plus:      Acquisitions  —   —        Free Cash Flow $280,322  $244,312           The Company is unable to provide a reconciliation of any projected free cash flow measure to its comparable GAAP financial measure without unreasonable efforts. This is due to an inability to calculate the comparable GAAP projected metrics, including operating income and total production costs, given the unknown effect, timing, and potential significance of certain income statement items.

  Ryan P. Vossler
Investor Relations
716-857-7158Timothy J. Silverstein
Chief Financial Officer
716-857-6987  

, /PRNewswire/ -- The Board of Directors of Quaker Houghton (NYSE: KWR) today declared a $0.53 per share quarterly cash dividend, an increase of 4.3% over the prior dividend.  The quarterly dividend is payable on October 30, 2026, to shareholders of record at the close of business on October 16, 2026.

Joseph A. Berquist, Chief Executive Officer and President commented, "Today's dividend increase announcement reflects our confidence in the durability of our business, the strength of our cash flow generation, and our ability to create long-term shareholder value. We remain focused on executing our strategy while maintaining a balanced approach to capital allocation that supports investing in growth, maintaining financial flexibility, and returning cash to shareholders.  This dividend increase marks our 17th consecutive year and 50th increase since going public in 1972."

About Quaker Houghton

Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,700 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.

SOURCE Quaker Houghton

JACKSONVILLE, Fla., July 29, 2026 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers,” “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended June 30, 2026, and provided updated 2026 earnings guidance. For the three months ended June 30, 2026 and 2025, Net Income Attributable to Common Shareholders was $0.61 and $0.56, respectively, per diluted share.

Second Quarter 2026 Highlights

Reported Nareit Funds From Operations ("FFO") of $1.21 per diluted share and Core Operating Earnings of $1.16 per diluted shareIncreased quarterly Same Property Net Operating Income ("NOI") year-over-year by 3.8%Raised full year 2026 Nareit FFO guidance to a range of $4.84 to $4.88 per diluted share and 2026 Core Operating Earnings guidance to a range of $4.62 to $4.66 per diluted shareThe midpoint of 2026 Core Operating Earnings guidance now represents year-over-year growth exceeding 5%Raised full year 2026 guidance for Same Property NOI growth to a range of 3.7% to 4.1% year-over-yearSame Property percent leased ended the quarter at 96.9%, up 40 basis points year-over-year, and Same Property percent commenced ended the quarter at 94.5%, up 50 basis points year-over-yearExecuted 2.1 million square feet of comparable new and renewal leases during the quarter at blended rent spreads of 10.4% on a cash basis and 19.5% on a straight-lined basisStarted $68 million of ground-up development and redevelopment projectsAs of June 30, 2026, Regency's in-process development and redevelopment projects had estimated net project costs of $680 million at a blended estimated yield of approximately 9%Acquired one shopping center and two outparcels for a total of approximately $48 million, or $19 million at Regency's sharePro-rata net debt and preferred stock to TTM operating EBITDAre at June 30, 2026 was 5.0xIssued the Company's annual Corporate Responsibility report, highlighting achievements and progress within our corporate responsibility programSubsequent to quarter end, acquired two shopping centers for $101 million, or $42 million at Regency's share
“Our team delivered another excellent quarter, highlighted by strong earnings and NOI growth, robust tenant demand, and continued momentum across our investments platform,” said Lisa Palmer, President and Chief Executive Officer. “These results reflect the strength of our strategy, anchored by our high-quality portfolio, leading national development program, fortress balance sheet and exceptional team. Together, these position us to drive attractive, sustainable growth and long-term value for our shareholders.”

Financial Results

Net Income Attributable to Common Shareholders

For the three months ended June 30, 2026, Net Income Attributable to Common Shareholders was $112.4 million, or $0.61 per diluted share, compared to Net Income Attributable to Common Shareholders of $102.6 million, or $0.56 per diluted share, for the same period in 2025.
Nareit FFO

For the three months ended June 30, 2026, Nareit FFO was $226.3 million, or $1.21 per diluted share, compared to $212.1 million, or $1.16 per diluted share, for the same period in 2025.
Core Operating Earnings

For the three months ended June 30, 2026, Core Operating Earnings was $217.7 million, or $1.16 per diluted share, compared to $202.2 million, or $1.10 per diluted share, for the same period in 2025.
Portfolio Performance

NOI

Second quarter 2026 Same Property NOI increased by 3.8% compared to the same period in 2025. Same Property base rent growth contributed 3.7% to Same Property NOI growth in the second quarter of 2026. Second quarter 2026 NOI increased by 6.8% compared to the same period in 2025.
Occupancy

As of June 30, 2026, Regency’s Same Property portfolio was 96.9% leased, an increase of 30 basis points sequentially and an increase of 40 basis points compared to June 30, 2025. Same Property anchor percent leased, which includes spaces greater than or equal to 10,000 square feet, was 98.4%, an increase of 20 basis points sequentially.Same Property shop percent leased, which includes spaces less than 10,000 square feet, was 94.4%, an increase of 30 basis points sequentially. As of June 30, 2026, Regency’s Same Property portfolio was 94.5% commenced, an increase of 20 basis points sequentially and an increase of 50 basis points compared to June 30, 2025. Leasing Activity

During the three months ended June 30, 2026, Regency executed approximately 2.1 million square feet of comparable new and renewal leases at a blended cash rent spread of +10.4% and a blended straight-lined rent spread of +19.5%.During the twelve months ended June 30, 2026, Regency executed approximately 7.1 million square feet of comparable new and renewal leases at a blended cash rent spread of +11.8% and a blended straight-lined rent spread of +22.7%. Corporate Responsibility

On May 28, 2026, Regency issued its annual Corporate Responsibility Report, demonstrating the Company’s continued leadership in and commitment to corporate responsibility as a key component of our business strategy and performance. The report can be found in the Corporate Responsibility section of the Company's website.
Capital Allocation and Balance Sheet

Developments and Redevelopments

For the three months ended June 30, 2026, the Company started ground-up development and redevelopment projects with estimated net project costs of approximately $68 million, at the Company's share. Second quarter starts included The Berkeley at Durbin Park, a $55 million Whole Foods and TJ Maxx-anchored ground-up development project in Jacksonville, FL. For the three months ended June 30, 2026, the Company completed approximately $20 million of redevelopment projects.As of June 30, 2026, Regency’s in-process development and redevelopment projects had estimated net project costs of $680 million at the Company’s share, 49% of which had been incurred. Property Transactions

On June 11, 2026, the Company acquired Shops at Highland Walk in Denver, CO, a 95,000 square foot shopping center anchored by King Soopers. The property was acquired through the Company's State of Oregon joint venture for approximately $37 million, or $7 million at Regency's share. Subsequent to quarter end, on July 8, 2026, the Company acquired Franklin Crossing in Franklin Lakes, NJ, an 88,000 square foot shopping center anchored by Stop & Shop, for $27 million.Subsequent to quarter end, on July 14, 2026, the Company acquired Cornerstone at Westford in Westford, MA, a 236,000 square foot shopping center anchored by Market Basket. The property was acquired through the Company's State of Oregon joint venture for $74 million, or $15 million at Regency's share.
Balance Sheet

As of June 30, 2026, Regency had approximately $1.5 billion of available capacity under its revolving credit facility.As of June 30, 2026, Regency’s pro-rata net debt and preferred stock to TTM operating EBITDAre was 5.0x.
2026 Guidance

Regency Centers is providing updated 2026 Guidance, as summarized in the table below. Please refer to the Company’s second quarter 2026 "Earnings Presentation" and "Quarterly Supplemental Disclosure" for additional detail. All materials are posted on the Company’s website at investors.regencycenters.com.

Full Year 2026 Guidance (in thousands, except per share data)YTD ActualCurrent
2026 GuidancePrior
2026 Guidance    Net Income Attributable to Common Shareholders per diluted share$1.30 $2.48 - $2.52$2.45 - $2.49        Nareit Funds From Operations (“Nareit FFO”) per diluted share$2.41 $4.84 - $4.88$4.83 - $4.87        Core Operating Earnings per diluted share(1)$2.32 $4.62 - $4.66$4.59 - $4.63        Same property NOI growth 4.1% +3.7% to +4.1%+3.25% to +3.75%        Non-cash revenues(2)$20,173 $46,000-$49,000+/- $51,000        G&A expense, net(3)$50,609 $98,000-$100,000$96,000-$100,000        Interest expense, net and Preferred stock dividends(4)$123,594 $250,000-$252,000$250,000-$252,000        Management, transaction and other fees$13,569 +/-$27,000+/-$27,000        Development and Redevelopment spend$169,187 +/-$350,000+/-$350,000        Acquisitions$25,020 +/-$70,000+/-$25,000Cap rate (weighted average) 5.9% +/- 6.3%+/- 5.9%        Dispositions$2,925 +/-$5,000$0
Cap rate (weighted average) 7.3% +/- 6.2%0.0%
         Note: Figures above represent 100% of Regency's consolidated entities and its pro-rata share of unconsolidated real estate partnerships, with the exception of items that are net of noncontrolling interests including per share data, "Development and Redevelopment spend," "Acquisitions," and "Dispositions".

(1)  Core Operating Earnings excludes from Nareit FFO: (i) transaction related income or expenses; (ii) gains or losses from the early extinguishment of debt; (iii) certain non-cash components of earnings derived from straight-line rents, above and below market rent amortization, and debt and derivative mark-to-market amortization; and (iv) other amounts as they occur.

(2)  Includes above and below market rent amortization and straight-line rents, and excludes debt and derivative mark to market amortization.

(3)  Represents 'General & administrative, net' before gains or losses on deferred compensation plan, as reported on supplemental pages 6 and 7 and calculated on a pro -rata basis.

(4)  Includes debt and derivative mark to market amortization, and is net of interest income.

Conference Call Information

To discuss Regency’s second quarter results and provide further business updates, management will host a conference call on Thursday, July 30 at 11:00 a.m. ET. Dial-in and webcast information is below.

Second Quarter 2026 Earnings Conference Call

Replay: Webcast Archive – Investor Relations page under Events & Webcasts

About Regency Centers Corporation (Nasdaq: REG)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

Reconciliation of Net Income Attributable to Common Shareholders to Nareit FFO, Core Operating Earnings, and Adjusted Funds from Operations – Actual (in thousands, except per share amounts)

For the Periods Ended June 30, 2026 and 2025 Three Months Ended  Year to Date   2026  2025  2026  2025 Reconciliation of Net Income Attributable to Common Shareholders to Nareit FFO:                         Net Income Attributable to Common Shareholders $112,351   102,608  $237,487   208,782 Adjustments to reconcile to Nareit Funds From Operations (1):            Depreciation and amortization (excluding FF&E)  115,156   107,329   228,718   211,363 Gain on sale of real estate, net of tax  (3,570)  346   (20,617)  245 Provision for impairment of real estate  -   1,262   -   1,262 Exchangeable operating partnership units  2,360   586   4,977   1,228 Nareit FFO $226,297   212,131  $450,565   422,880              Nareit FFO per share (diluted) $1.21   1.16  $2.41   2.31 Weighted average shares (diluted)  187,190   183,023   187,147   182,966              Reconciliation of Nareit FFO to Core Operating Earnings:                         Nareit FFO $226,297   212,131  $450,565   422,880 Adjustments to reconcile to Core Operating Earnings (1):            Certain Non-Cash Items            Straight-line rent, net (2)  (5,390)  (6,040)  (9,828)  (12,177)Above/below market rent amortization, net  (5,048)  (5,376)  (10,297)  (11,837)Debt and derivative mark-to-market amortization  1,871   1,510   3,813   2,802 Core Operating Earnings $217,730   202,225   434,253   401,668              Core Operating Earnings per share (diluted) $1.16   1.10  $2.32   2.20 Weighted average shares (diluted)  187,190   183,023   187,147   182,966                           Reconciliation of Core Operating Earnings to Adjusted Funds from Operations:                          Core Operating Earnings $217,730   202,225  $434,253   401,668 Adjustments to reconcile to Adjusted Funds from Operations (1):            Operating capital expenditures  (40,823)  (32,524)  (67,910)  (56,277)Debt cost and derivative adjustments  2,372   2,297   4,602   4,426 Stock-based compensation  6,061   5,455   11,929   10,898 Adjusted Funds from Operations $185,340   177,453  $382,874   360,715  (1)  Includes Regency's consolidated entities and its share of unconsolidated real estate partnerships, net of share attributable to noncontrolling interests.

(2)  Includes the impact of uncollectible straight-line rent of $912 and $744 for the three months ended June 30, 2026 and 2025, respectively, and $3,092 and $1,120 for the six months ended June 30, 2026 and 2025, respectively.

Reconciliation of Net Income Attributable to Common Shareholders to Pro-Rata Same Property NOI - Actual (in thousands)

For the Periods Ended June 30, 2026 and 2025Three Months Ended   Year to Date   2026 2025 Change 2026 2025 Change            Net income attributable to common shareholders$112,351  102,608   $237,487  208,782  Less:           Management, transaction, and other fees (7,192) (7,244)   (14,125) (14,056) Other (1) (12,181) (12,850)   (23,577) (26,539) Plus:           Depreciation and amortization 108,803  99,535    215,225  196,309  General and administrative 27,567  25,480    53,173  47,080  Other operating expense 2,037  1,944    3,038  3,632  Other expense, net 50,593  51,040    94,889  99,713  Equity in income of investments in real estate partnerships excluded from NOI (2) 10,740  14,679    15,340  28,130  Net income attributable to noncontrolling interests 3,975  2,328    8,224  4,594  Preferred stock dividends 3,413  3,413    6,826  6,826  NOI 300,106  280,933 6.8%  596,500  554,471 7.6%            Less non-same property NOI (3) (11,786) (3,287)   (22,612) (3,190) Same Property NOI$288,320  277,646 3.8% $573,888  551,281 4.1%            Same Property NOI without Redevelopments$246,356  239,487 2.9% $488,766  475,372 2.8%            Expense Recovery Ratio 89.7% 88.1%   87.8% 86.4%             NOI Margin 69.6% 70.2%   69.0% 69.7%              (1)  Includes straight-line rental income and expense, net of reserves, above and below market rent amortization, other fees, and noncontrolling interests.

(2)  Includes non-NOI expenses incurred at our unconsolidated real estate partnerships, such as, but not limited to, straight-line rental income, above and below market rent amortization, depreciation and amortization, interest expense, and real estate gains and impairments.

(3)  Includes revenues and expenses attributable to Non-Same Property, Property in Development, termination fees, corporate activities, and noncontrolling interests.

Same Property NOI is a key non-GAAP pro-rata measure used by management in evaluating the operating performance of Regency’s properties. The Company provides a reconciliation of Net Income Attributable to Common Shareholders to Same Property NOI.

Reported results are preliminary and not final until the filing of the Company’s Form 10-Q with the SEC and, therefore, remain subject to adjustment.

The Company has published additional financial information in its second quarter 2026 supplemental package that may help investors estimate earnings. A copy of the Company’s second quarter 2026 supplemental package will be available on the Company's website at investors.regencycenters.com or by written request to: Investor Relations, Regency Centers Corporation, One Independent Drive, Suite 114, Jacksonville, Florida, 32202. The supplemental package contains more detailed financial and property results including financial statements, an outstanding debt summary, acquisition and development activity, investments in partnerships, information pertaining to securities issued other than common stock, property details, a significant tenant rent report and a lease expiration table in addition to earnings and valuation guidance assumptions. The information provided in the supplemental package is unaudited and includes non-GAAP measures, and there can be no assurance that the information will not vary from the final information in the Company’s Form 10-Q for the period ended June 30, 2026. Regency may, but assumes no obligation to, update information in the supplemental package from time to time.

Non-GAAP Financial Measures

We believe these non-GAAP measures provide useful information to our Board of Directors, management and investors regarding certain trends relating to our financial condition and results of operations. Our management uses these non-GAAP financial measures to compare our performance to that of prior periods for trend analyses, purposes of determining management incentive compensation and budgeting, forecasting and planning purposes.

We do not consider non-GAAP financial measures an alternative to financial measures determined in accordance with GAAP, rather they supplement GAAP measures by providing additional information we believe to be useful to our shareholders. The principal limitation of these non-GAAP financial measures is that they may exclude significant expense and income items that are required by GAAP to be recognized in our consolidated financial statements. In addition, they reflect the exercise of management’s judgment about which expense and income items are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, reconciliations of the non-GAAP financial measures we use to their most directly comparable GAAP measures are provided. Non-GAAP financial measures should not be relied upon in evaluating the financial condition, results of operations or future prospects of the Company.

Nareit FFO is a commonly used measure of REIT performance, which the National Association of Real Estate Investment Trusts (“Nareit”) defines as net income, computed in accordance with GAAP, excluding gains on sales and impairments of real estate, net of tax, plus depreciation and amortization related to real estate, and after adjustments for unconsolidated real estate partnerships and joint ventures. Regency computes Nareit FFO for all periods presented in accordance with Nareit's definition. Since Nareit FFO excludes depreciation and amortization and gains on sales and impairments of real estate, it provides a performance measure that, when compared year over year, reflects the impact on operations from trends in percent leased, rental rates, operating costs, acquisition and development activities, and financing costs. This provides a perspective of the Company’s financial performance not immediately apparent from net income determined in accordance with GAAP. Thus, Nareit FFO is a supplemental non-GAAP financial measure of the Company's operating performance, which does not represent cash generated from operating activities in accordance with GAAP; and, therefore, should not be considered a substitute measure of cash flows from operations. The Company provides a reconciliation of Net Income Attributable to Common Shareholders to Nareit FFO.

Core Operating Earnings is an additional non-GAAP performance measure that adjusts Nareit Funds from Operations (“Nareit FFO”) to exclude certain non-cash and other items that impact the comparability of the Company's period-over-period performance. Core Operating Earnings excludes from Nareit FFO: (i) certain income or expenses related to non-comparable events and transactions; (ii) gains or losses from the early extinguishment of debt; (iii) certain non-cash items derived from straight-line rents, above and below market rent amortization, and debt and derivative mark-to-market amortization; and (iv) other non-cash or non-comparable amounts as they occur.

Adjusted Funds From Operations (“AFFO”) is an additional performance measure used by Regency that reflects cash available to fund the Company’s business needs and distribution to shareholders. AFFO is calculated by adjusting Core Operating Earnings ("COE") for (i) capital expenditures necessary to maintain and lease the Company’s portfolio of properties, (ii) debt cost and derivative adjustments and (iii) stock-based compensation. The Company provides a reconciliation of Net Income Attributable to Common Shareholders to Nareit FFO, to Core Operating Earnings, and to Adjusted Funds from Operations.

Net Operating Income (NOI) is the sum of base rent, percentage rent, termination fee income, tenant recoveries, other lease income, and other property income, less operating and maintenance expenses, real estate taxes, ground rent, termination expense, and uncollectible lease income. NOI excludes straight-line rental income and expense, above and below market rent and ground rent amortization, tenant lease inducement amortization, and other fees. Management believes that NOI is a useful measure for investors because it provides insight into the core operations and performance of our properties, independent of the capital structure, financing activities, and non-operating factors. By focusing on property-level performance, NOI allows investors to compare the performance of our real estate assets across periods and with those of other REIT peers in the industry, facilitating a clearer understanding of trends in occupancy, rental income, and operating expense management. In addition to its relevance for investors, management uses NOI as a key performance metric in making operational and strategic decisions. NOI is used to evaluate income generated from shopping centers (i.e., return on assets) and to guide decisions on capital investments. These decisions may include acquisitions, redevelopments, and investments in capital improvements.

Pro-rata information: includes 100% of the Company’s consolidated properties plus its economic share (based on the ownership interest) in the unconsolidated real estate investment partnerships. The Company provides Pro-rata financial information because Regency believes it assists investors and analysts in estimating the economic interest in the consolidated and unconsolidated real estate investment partnerships, when read in conjunction with the Company’s reported results under GAAP. The Company believes presenting its Pro-rata share of assets, liabilities, operating results, and other metrics, along with certain other non-GAAP financial measures, makes comparisons of its operating results to those of other REITs more meaningful. The Pro-rata information provided is not, nor is it intended to be, presented in accordance with GAAP. The Pro-rata supplemental details of assets and liabilities and supplemental details of operations reflect the Company’s proportionate economic ownership of the assets, liabilities, and operating results of the properties in our portfolio.

The Pro-rata information is prepared on a basis consistent with the comparable consolidated amounts and is intended to more accurately reflect the Company’s proportionate economic interest in the assets, liabilities, and operating results of properties in its portfolio. The Company does not control the unconsolidated real estate partnerships, and the Pro-rata presentations of the assets and liabilities, and revenues and expenses do not represent our legal claim to such items. The partners are entitled to profit or loss allocations and distributions of cash flows according to the operating agreements, which generally provide for such allocations according to their invested capital. The Company’s share of invested capital establishes the ownership interests Regency uses to prepare its Pro-rata share.

The presentation of Pro-rata information has limitations which include, but are not limited to, the following:

The amounts shown on the individual line items were derived by applying our overall economic ownership interest percentage determined when applying the equity method of accounting and do not necessarily represent our legal claim to the assets and liabilities, or the revenues and expenses; andOther companies in our industry may calculate their Pro-rata interest differently, limiting the comparability of Pro-rata information. Because of these limitations, the Pro-rata financial information should not be considered independently or as a substitute for the financial statements as reported under GAAP. The Company compensates for these limitations by relying primarily on our GAAP financial statements, using the Pro-rata information as a supplement.

Same Property NOI is a key non-GAAP financial measure commonly used by real estate investment trusts (REITs) to evaluate operating performance. It is calculated on a Pro-rata ownership basis for properties owned and operated for the entirety of both the current and prior comparable reporting periods. Same Property NOI includes revenues and operating expenses associated with these properties but excludes items that are not indicative of ongoing operating performance. These include, without limitation, termination fees, as well as corporate-level expenses, financing costs, and other non-operating items. Management believes this measure provides investors with a useful and consistent comparison of the Company’s operating performance and trends. Management uses Same Property NOI as a supplemental measure to assess property-level performance and to compare the performance of its stabilized property portfolio across reporting periods. This measure allows investors to evaluate trends in revenue and expense growth for properties that have been consistently operated during the periods.

Forward-Looking Statements

Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Regency’s future events, developments, or financial or operational performance or results such as our current 2026 guidance, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws.  These forward-looking statements are identified by the use of words such as “may,” “will,” “could,” “should,” “would,” “expect,” “estimate,” “believe,” “intend,” “forecast,” “project,” “plan,” “anticipate,” “guidance,” and other similar language.  However, the absence of these or similar words or expressions does not mean a statement is not forward-looking.  While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained, and it is possible actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Our operations are subject to a number of risks and uncertainties including, but not limited to, those risk factors described in our Securities and Exchange Commission (“SEC”) filings, our Annual Report on Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”) under Item 1A, as supplemented by the discussion in Item 1A of Part II of our subsequent Quarterly Reports on Form 10-Q.  When considering an investment in our securities, you should carefully read and consider these risks, together with all other information in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our other filings and submissions to the SEC. If any of the events described in the risk factors actually occur, our business, financial condition or operating results, as well as the market price of our securities, could be materially adversely affected. Forward-looking statements are only as of the date they are made, and Regency undertakes no duty to update its forward-looking statements, whether as a result of new information, future events or developments or otherwise, except as to the extent required by law. These risks and events include, without limitation:

Risk Factors Related to the Current Economic and Geopolitical Environments

Macroeconomic, political, and geopolitical conditions and governmental policies may adversely impact consumer confidence and spending and the businesses of our tenants and could, in turn, adversely impact our business. Changes in interest rates may adversely impact our cost to borrow, real estate valuation, stock price, and ability to raise capital through issuance of debt and equity. Unfavorable developments that may affect the banking and financial services industry could adversely affect our business, liquidity and financial condition, and overall results of operations.

Risk Factors Related to Pandemics or other Public Health Crises

Pandemics or other public health crises may adversely affect our tenants' financial condition, the profitability of our properties, and our access to the capital markets and could have a material adverse effect on our business, results of operations, cash flows and financial condition.

Risk Factors Related to Operating Retail-Based Shopping Centers

Shifts in retail trends, sales, and delivery methods between brick and mortar stores, e-commerce, home delivery, and curbside pick-up, as well as autonomous delivery systems, may adversely impact our revenues, results of operations, and cash flows. Changing economic and retail market conditions in geographic areas where our properties are concentrated may reduce our revenues and cash flow. Our success depends on the continued presence and success of our "anchor" tenants. A percentage of our revenues are derived from "local" tenants and our net income may be adversely impacted if these tenants are not successful, or if the demand for the types or mix of tenants significantly change. We may be unable to collect balances due from tenants in bankruptcy. Many of our costs and expenses associated with operating our properties may remain constant or increase, even if our lease income decreases. Compliance with the Americans with Disabilities Act and other building, fire, and safety regulations may have an adverse effect on us.

Risk Factors Related to Real Estate Investments

Our real estate assets may decline in value and be subject to impairment losses which may reduce our net income. We face risks associated with development, redevelopment, and expansion of properties. We face risks associated with the development of mixed-use commercial properties. We face risks associated with the acquisition of properties. We may be unable to sell properties when desired because of market conditions. Changes in tax laws could impact our acquisition or disposition of real estate.

Risk Factors Related to the Environment Affecting Our Properties

Climate change may adversely impact our properties, some of which may be more vulnerable due to their geographic location, and may lead to additional compliance obligations and costs. Costs of environmental remediation may adversely impact our financial performance and reduce our cash flow.

Risk Factors Related to Corporate Matters

An increased and differing focus on metrics and reporting related to environmental, social and governance ("ESG") factors by investors, lenders and other stakeholders may impose additional costs and expose us to new risks. An uninsured loss or a loss that exceeds the insurance coverage on our properties may subject us to loss of capital and revenue on those properties. Failure to attract and retain key personnel may adversely affect our business and operations.

Risk Factors Related to Our Partnerships and Joint Ventures

We do not have voting control over all of the properties owned in our real estate partnerships and joint ventures, so we are unable to ensure that our objectives will be pursued. The termination of our partnerships may adversely affect our cash flow, operating results, and our ability to make distributions to stock and unit holders.

Risk Factors Related to Funding Strategies and Capital Structure

Our ability to sell properties and fund acquisitions and developments may be adversely impacted by higher market capitalization rates and lower NOI at our properties which may adversely affect results of operations and financial condition. We depend on external sources of capital, which may not be available in the future on favorable terms or at all. Our debt financing may adversely affect our business and financial condition. Covenants in our debt agreements may restrict our operating activities and adversely affect our financial condition. Increases in interest rates would cause our borrowing costs to rise and negatively impact our results of operations. Hedging activity may expose us to risks, including the risks that a counterparty will not perform and that the hedge will not yield the economic benefits we anticipate, which may adversely affect us.

Risk Factors Related to Information Management and Technology

The unauthorized access, use, theft or destruction of tenant or employee personal, financial or other data, or of Regency's proprietary or confidential information stored in our information systems or by third parties on our behalf, could impact operations, and expose us to potential liabilities and material adverse financial impact. Any actual or perceived failure to comply with new or existing laws, regulations and other requirements relating to the privacy, security and processing of personal information could adversely affect our business, results of operations, or financial condition. The use of technology based on artificial intelligence presents risks relating to confidentiality, creation of inaccurate and flawed outputs and emerging regulatory risk, any or all of which may adversely affect our business and results of operations.

Risk Factors Related to Taxes and the Parent Company’s Qualification as a REIT

If the Parent Company fails to qualify as a REIT for federal income tax purposes, it would be subject to federal income tax at regular corporate rates. Dividends paid by REITs generally do not qualify for reduced tax rates. Legislative or other actions affecting REITs may have a negative effect on us or our investors. Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities. Partnership tax audit rules could have a material adverse effect.

Risk Factors Related to the Company’s Stock

Restrictions on the ownership of the Parent Company’s capital stock to preserve its REIT status may delay or prevent a change in control. The issuance of the Parent Company's capital stock may delay or prevent a change in control. Ownership in the Parent Company may be diluted in the future. The Parent Company’s amended and restated bylaws provide that the courts located in the State of Florida will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.  There is no assurance that we will continue to pay dividends at current or historical rates.

Kathryn McKie
904 598 7348
[email protected] 

This press release was published by a CLEAR® Verified individual.

FormFactor stock is climbing today. Why is FORM stock surging? FormFactor Delivers Double Beat In Q2 Q2 Revenue: $258.24 million, versus estimates of $240 million Q2 Adjusted EPS: 82 cents, versus estimates of 61 cents Total revenue was up 14.2% on a year-over-year basis. The semiconductor test and measurement tech company said it experienced broad-based demand in the quarter, with strength in High Bandwidth Memory and Co-Packaged Optics.

“Over the past four quarters, FormFactor has grown revenue more than 30%, expanded Non-GAAP gross margin 1,500 basis points, and tripled earnings per share,” said Mike Slessor, CEO of FormFactor.

“These improvements reflect years of investment to create and expand our unique position at the intersection of high-performance compute and advanced packaging.”

Looking ahead, FormFactor guided for third-quarter revenue in the range of $260 million to $280 million versus estimates of $247.35 million. The company anticipates third-quarter adjusted earnings of 77 cents to 95 cents per share, versus estimates of 63 cents per share.

FORM Shares Soar After The CloseFORM Price Action: FormFactor shares were up 15.34% in after-hours, trading at $96.25 at the time of publication on Wednesday, according to Benzinga Pro.

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, today announced that its Board of Directors has declared a quarterly cash dividend of $5.16 per share on its common stock. The quarterly common stock dividend will be paid on September 16, 2026, to shareholders of record on August 19, 2026.

About Equinix
Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently and everywhere.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements, including statements related to Equinix's quarterly cash dividend. For a list and description of such risks and uncertainties, see Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.  

SOURCE Equinix, Inc.

Also from this source

Conference call on Thursday, July 30, 2026, at 8:00 a.m. Central Time. 

, /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the second quarter of 2026.

Second Quarter Highlights:

Consolidated revenue grew $37.8 million, or 4%, over the second quarter of 2025 Comparable total funeral sales average grew 3% over the second quarter of 2025 Comparable cemetery preneed sales production increased 8% in the current quarter Comparable funeral preneed sales production increased 7% in the current quarter GAAP earnings per share was $0.90 compared to $0.86 in the second quarter of 2025 Adjusted earnings per share was $0.90 compared to $0.88 in the second quarter of 2025 Net cash provided by operating activities increased $72.2 million, or 43%, to $238.7 million in the current quarter compared to $166.5 million in the prior-year quarter Adjusted cash provided by operating activities increased $70.5 million, or 42%, to $238.8 million in the current quarter compared to $168.3 million in the prior year Tom Ryan, the Company's Chairman and CEO, commented on the second quarter performance:

"Today, we reported adjusted earnings per share of $0.90 and adjusted net cash provided by operating activities of $238.8 million, both ahead of the prior year and our expectations. Our funeral segment benefited from a continued strong average revenue per service which more than offset a better-than-expected 1% decline in funeral services performed. Our cemetery segment continued to perform well, generating 5% growth in comparable cemetery revenue. The growth was primarily driven by higher recognized preneed merchandise and service revenue, as well as higher other revenue, both of which reflected impressive earnings growth from our cemetery trust funds. Additionally, recognized preneed property revenue grew 2%, while preneed property production grew 7%. This dynamic puts temporary pressure on cemetery gross margins but expands our backlog with higher-margin deferred property sales, which will benefit us in future periods. Preneed funeral sales production also remained strong, increasing 7% on a comparable basis, reinforcing the long-term strength of our preneed strategy and helping to build our backlog of future revenue.

We remain focused on executing our long-term growth strategy by growing revenue, leveraging our scale, and allocating capital in a disciplined manner to create long-term shareholder value. Our consistent cash generation continues to provide the financial flexibility to invest in strategic acquisitions, expand and develop our cemetery portfolio, pursue attractive real estate opportunities, and construct new funeral homes. Thus far this year, we returned $363 million to shareholders through dividends and share repurchases, reflecting our continued commitment to balanced capital allocation. This balanced capital allocation strategy positions us to deliver sustainable growth and create long-term shareholder value.

Finally, I would like to thank our more than 25,000 associates for their unwavering commitment to serving client families with compassion, professionalism, and excellence. Their dedication is the foundation of our success and continues to distinguish SCI every day."

Details of our second quarter 2026 financial results and the unaudited consolidated financial statements can be found in the Appendix at the end of this press release. The table below summarizes our key financial results.

(Dollars in millions, except for per share amounts)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Revenue

$      1,103.3

$      1,065.4

$      2,199.7

$      2,139.6

Operating income

$         231.6

$         224.5

$         475.4

$         476.1

Net income attributable to common stockholders

$         124.8

$         122.9

$         260.6

$         265.7

Diluted earnings per share

$          0.90

$          0.86

$          1.87

$          1.84

Earnings excluding special items (1)

$         124.9

$         125.5

$         260.1

$         265.1

Diluted earnings per share excluding special items (1)

$          0.90

$          0.88

$          1.87

$          1.84

Diluted weighted average shares outstanding

138.3

143.0

139.1

144.1

Net cash provided by operating activities

$         238.7

$         166.5

$         572.4

$         477.6

Net cash provided by operating activities excluding
special items (1)

$         238.8

$         168.3

$         573.3

$         484.2

(1)

Earnings excluding special items, diluted earnings per share excluding special items, and net cash provided by operating activities excluding special items are non-GAAP financial measures. These items are also referred to as "adjusted earnings per share" and "adjusted operating cash flow". A reconciliation from net income attributable to common stockholders, diluted earnings per share, and net cash provided by operating activities in accordance with generally accepted accounting principles in the United States (GAAP) can be found under the headings "Cash Flow and Capital Spending" and "Non-GAAP Financial Measures" in the Appendix at the end of this press release.

Diluted earnings per share was $0.90 in the second quarter of 2026 compared to $0.86 in the second quarter of 2025. The current year quarter was impacted by $0.1 million of net losses on divestitures and impairment charges compared to $4.1 million of net gains in the prior year. The prior year also included a $6.4 million charge related to the settlement of certain legal matters and a $1.6 million restructuring charge. Diluted earnings per share, excluding special items, was $0.90 in the second quarter of 2026 compared to $0.88 in the second quarter of 2025. Higher cemetery gross profit combined with a lower share count more than offset lower funeral gross profit. Net cash provided by operating activities increased $72.2 million, or 43%, to $238.7 million in the second quarter of 2026. Adjusted cash provided by operating activities increased $70.5 million, or 42%, to $238.8 million in the current quarter compared to $168.3 million in the prior year primarily due to a reduction in cash taxes and strong operating cash receipts from increased preneed cemetery sales production. CONFIRMED 2026 EPS GUIDANCE AND RAISED 2026 CASH FLOW GUIDANCE

The $4.20 midpoint of our annual guidance range for 2026 detailed below is confirmed with a more narrow range expected for adjusted earnings per share of $4.10 to $4.30. Our cash flow outlook at the midpoint has increased $50 million from $1,035 million to $1,085 million due to stronger cemetery preneed cash receipts. Additionally, we increased our total maintenance capital expenditures by $10 million to $335 million. Our outlook for diluted earnings per share from continuing operations excluding special items, at the midpoint of our guidance range, is anticipated to be within our expected long-term growth framework of 8%-12%.

(Dollars in millions, except per share amounts)

2026 Outlook

Revised 2026 Outlook

Diluted earnings per share excluding special items (1)

$4.05 - $4.35

$4.10 - $4.30

Net cash provided by operating activities excluding special items and cash
taxes (1)

$1,125 - $1,185

$1,175 - $1,235

Cash taxes expected in 2026 (at the midpoint of diluted earnings per share
excluding special items guidance)

$120

$120

Net cash provided by operating activities excluding special items (1)

$1,005 - $1,065

$1,055 - $1,115

Midpoint of net cash provided by operating activities excluding special items (1)

$1,035

$1,085

Capital improvements at existing field locations

$135

$140

Development of cemetery property

$165

$170

Digital investments and corporate

$25

$25

Total maintenance, cemetery development, and other capital expenditures
(Maintenance capital expenditures)

$325

$335

(1)

Diluted earnings per share excluding special items, net cash provided by operating activities excluding special items and cash taxes, and net cash provided by operating activities excluding special items are non-GAAP financial measures. We normally reconcile these non-GAAP financial measures from diluted earnings per share and net cash provided by operating activities; however, diluted earnings per share and net cash provided by operating activities calculated in accordance with GAAP are not currently accessible on a forward-looking basis. Our outlook for 2026 excludes the following because this information is not currently available for 2026: Expenses net of insurance recoveries related to hurricanes, gains or losses associated with asset divestitures, gains or losses associated with the early extinguishment of debt, potential tax reserve adjustments and IRS payments and/or refunds, acquisition and integration costs, system implementation and transition costs, and potential costs associated with estimated litigation charges or legal settlements or the recognition of receivables for insurance recoveries associated with litigation, or deferred tax payments. The foregoing items could materially impact our forward-looking diluted earnings per share and/or our net cash provided by operating activities calculated in accordance with GAAP, consistent with the historical disclosures found in the Appendix at the end of this press release under the headings "Cash Flow and Capital Spending" and "Non-GAAP Financial Measures".

CONFERENCE CALL AND WEBCAST

We will host a conference call on Thursday, July 30, 2026, at 8:00 a.m. Central Time. A question and answer session will follow prepared remarks made by management. The conference call dial-in numbers are (888) 317-6003 (US) or (412) 317-6061 (International) with the passcode of 7565620. The conference call will also be broadcast live via the Internet and can be accessed through our website at www.sci-corp.com. A replay of the conference call will be available through August 6, 2026 and can be accessed at (855) 669-9658 (US) or (412) 317-0088 (International) with the passcode of 1797873. Additionally, a replay of the conference call will be available on our website for approximately three months.

ABOUT SERVICE CORPORATION INTERNATIONAL

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of funeral, cemetery and cremation services, as well as final-arrangement planning in advance, serving approximately 700,000 combined preneed and atneed families each year. Our diversified portfolio of brands provides families and individuals a full range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances. Our Dignity Memorial® brand is the name families turn to for professionalism, compassion, and attention to detail that is second to none. At June 30, 2026, we owned and operated 1,495 funeral service locations and 505 cemeteries (of which 316 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. For more information about Service Corporation International, please visit our website at www.sci-corp.com. For more information about Dignity Memorial®, please visit www.dignitymemorial.com. 

For additional information contact: [email protected]

Investors:

Trey Bocage - Assistant Vice President - Treasury and Investor Relations

(713) 525-3454

Andrea Low - Director - Federal Tax and Investor Relations

(713) 525-2811

Media:

Jay Andrew - Assistant Vice President - Corporate Communications

(713) 525-3468

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

The statements in this press release that are not historical facts are forward-looking statements made in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe", "estimate", "project", "expect", or "anticipate", "predict" that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. These factors are discussed below. Except as required by applicable law, we assume no obligation and make no undertaking to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise.

Our affiliated trust funds own investments in securities, which are affected by market conditions that are beyond our control. We may be required to replenish our affiliated funeral and cemetery trust funds to meet minimum funding requirements, which would have a negative effect on our earnings and cash flow. Our ability to execute our strategic plan depends on many factors, some of which are beyond our control. We may be adversely affected by the effects of inflation. Our results may be adversely affected by significant weather events, natural disasters, catastrophic events, or public health crises. Our credit agreements contain covenants that may prevent us from engaging in certain transactions. If we lost the ability to use surety bonding to support our preneed activities, we may be required to make material cash payments to fund certain trust funds. The financial condition of third-party insurance companies that fund our preneed contracts may impact our future revenue. Unfavorable publicity could affect our reputation and business. Our failure to attract and retain qualified sales personnel and licensed funeral professionals could have an adverse effect on our business and financial condition. We use a combination of insurance, self-insurance, and large deductibles in managing our exposure to certain inherent risks; therefore, we could be exposed to unexpected costs that could negatively affect our financial performance. Declines in overall economic conditions beyond our control could reduce future potential earnings and cash flows and could result in future impairments to goodwill and/or other intangible assets. Any failure to protect personal information relating to our customers, their loved ones, our associates, and our vendors could damage our reputation, could cause us to incur substantial additional costs and to become subject to litigation, and could adversely affect our operating results, financial condition, or cash flow. A failure of a key information technology system or process could disrupt and adversely affect our business. Our Canadian business exposes us to operational, economic, and currency risks. Our level of indebtedness could adversely affect our cash flows, our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, and may prevent us from fulfilling our obligations under our indebtedness. The funeral and cemetery industry is competitive. If the number of deaths in our markets declines, our cash flows and revenue may decrease. Changes in the number of deaths are not predictable from market to market or over the short term. If we are not able to respond effectively to changing consumer preferences, our market share, revenue, and/or profitability could decrease. The continuing upward trend in life expectancy and an increase in the number of cremations performed in North America could result in lower revenue, operating profit, and cash flows. Our funeral and cemetery businesses are high fixed-cost businesses. Risks associated with our supply chain, such as tariffs, could materially adversely affect our financial performance. Regulation and compliance could have a material adverse impact on our financial results. Unfavorable results of litigation could have a material adverse impact on our financial statements. Cemetery burial practice claims could have a material adverse impact on our financial results. The application of unclaimed property laws by certain states to our preneed funeral and cemetery backlog could have a material adverse impact on our liquidity, cash flows, and financial results. Changes in taxation, or the interpretation of tax laws or regulations, as well as the inherent difficulty in quantifying potential tax effects of business decisions could have a material adverse effect on the results of our operations, financial condition, or cash flows. For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2025 Annual Report on Form 10-K. Copies of this document as well as other SEC filings can be obtained from our website at www.sci-corp.com. 

SERVICE CORPORATION INTERNATIONAL

APPENDIX: RESULTS FOR THE SECOND QUARTER OF 2026

Consolidated Statement of Operations (Unaudited)

(Dollars in thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenue

$   1,103,288

$   1,065,444

$   2,199,742

$   2,139,611

Cost of revenue

(829,787)

(794,006)

(1,639,790)

(1,576,756)

Gross profit

273,501

271,438

559,952

562,855

Corporate general and administrative expenses

(41,775)

(49,466)

(85,686)

(94,167)

Restructuring charge

—

(1,575)

—

(1,575)

(Losses) gains on divestitures and impairment charges, net

(138)

4,062

1,136

9,033

Operating income

231,588

224,459

475,402

476,146

Interest expense

(64,711)

(64,071)

(128,717)

(125,554)

Other (expense) income, net

(57)

3,914

1,341

7,066

Income before income taxes

166,820

164,302

348,026

357,658

Provision for income taxes

(41,943)

(41,378)

(87,276)

(91,807)

Net income

124,877

122,924

260,750

265,851

Net income attributable to noncontrolling interests

(52)

(59)

(117)

(106)

Net income attributable to common stockholders

$     124,825

$     122,865

$     260,633

$     265,745

Basic earnings per share:

Net income attributable to common stockholders

$          0.91

$          0.87

$          1.89

$          1.86

Basic weighted average number of shares

137,519

141,897

138,268

143,001

Diluted earnings per share:

Net income attributable to common stockholders

$          0.90

$          0.86

$          1.87

$          1.84

Diluted weighted average number of shares

138,327

142,992

139,122

144,134

Consolidated Balance Sheet (Unaudited)

(Dollars in thousands, except share amounts)

June 30, 2026

December 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$            260,411

$            243,581

Receivables, net of reserves of $3,602 and $3,944, respectively

104,109

100,415

Inventories

38,235

35,246

Other

46,991

32,551

Total current assets

449,746

411,793

Preneed receivables, net of reserves of $33,925 and $34,680, respectively, and
trust investments

7,652,394

7,360,793

Cemetery property

2,251,528

2,201,967

Property and equipment, net

2,835,540

2,751,761

Goodwill

2,174,837

2,169,055

Deferred charges and other assets, net of reserves of $2,826 and $2,460,
respectively

1,329,669

1,360,530

Cemetery perpetual care trust investments

2,520,779

2,398,613

Total assets

$        19,214,493

$        18,654,512

LIABILITIES & EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$            650,833

$            685,156

Current maturities of long-term debt

195,149

56,847

Income taxes payable

246

3,701

Total current liabilities

846,228

745,704

Long-term debt

5,108,016

5,082,970

Deferred revenue, net

1,823,627

1,779,266

Deferred tax liability

704,103

691,033

Other liabilities

571,893

550,793

Deferred receipts held in trust

6,116,618

5,784,398

Care trusts' corpus

2,506,248

2,381,507

Commitments and contingencies

Equity:

Common stock, $1 per share par value, 500,000,000 shares authorized,
142,249,152 and 141,957,004 shares issued, respectively, and 136,619,474 and
139,678,199 shares outstanding, respectively

136,619

139,678

Capital in excess of par value

976,452

987,210

Retained earnings

427,900

498,958

Accumulated other comprehensive income

(3,720)

12,425

Total common stockholders' equity

1,537,251

1,638,271

Noncontrolling interests

509

570

Total equity

1,537,760

1,638,841

Total liabilities and equity

$        19,214,493

$        18,654,512

Consolidated Statement of Cash Flows (Unaudited)

(Dollars in thousands)

Six months ended June 30,

2026

2025

Cash flows from operating activities:

Net income

$         260,750

$         265,851

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

114,081

108,257

Amortization of intangibles

7,038

8,441

Amortization of cemetery property

48,581

48,195

Amortization of loan costs

4,474

4,383

Provision for expected credit losses

4,217

5,234

Provision for deferred income taxes

13,307

4,621

Gains on divestitures and impairment charges, net

(1,136)

(9,033)

Share-based compensation

10,387

9,589

Change in assets and liabilities, net of effects from acquisitions and divestitures:

(Increase) decrease in receivables

(5,094)

6,205

Decrease (increase) in other assets

24,982

(16,110)

Increase in payables and other liabilities

21,679

11,996

Effect of preneed sales production and maturities:

Decrease (increase) in preneed receivables, net and trust investments

8,318

(28,062)

Increase in deferred revenue, net

40,995

23,785

Increase in deferred receipts held in trust

19,860

34,228

Net cash provided by operating activities

572,439

477,580

Cash flows from investing activities:

Capital expenditures

(175,593)

(161,201)

Business acquisitions, net of cash acquired

(39,469)

(28,242)

Real estate acquisitions

(12,835)

(5,422)

Corporate headquarters

(56,334)

(26,759)

Proceeds from divestitures and sales of property and equipment

5,331

26,762

Payments for Company-owned life insurance policies

(124)

(130)

Proceeds from Company-owned life insurance policies and other

—

3,757

Tax credit equity investments

(40,737)

—

Net cash used in investing activities

(319,761)

(191,235)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

405,000

495,001

Scheduled payments of debt

(13,648)

(12,827)

Early payments of debt

(295,000)

(305,000)

Proceeds from corporate headquarters debt facility

51,854

17,120

Principal payments on finance leases

(19,783)

(18,853)

Proceeds from exercise of stock options

6,599

4,040

Purchase of Company common stock

(266,377)

(324,023)

Payments of dividends

(96,363)

(91,129)

Bank overdrafts and other

(4,773)

(7,354)

Net cash used in financing activities

(232,491)

(243,025)

Effect of foreign currency

(4,938)

5,800

Net increase in cash, cash equivalents, and restricted cash

15,249

49,120

Cash, cash equivalents, and restricted cash at beginning of period

246,468

221,399

Cash, cash equivalents, and restricted cash at end of period

$         261,717

$         270,519

Consolidated Segment Results

(See definitions of revenue line items later in this appendix.)

(Dollars in millions, except funeral services
performed and average revenue per service)

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Consolidated funeral:

Atneed revenue

$      298.7

$      296.1

$      618.9

$      625.2

Matured preneed revenue

196.5

183.5

401.9

389.3

Core revenue

495.2

479.6

1,020.8

1,014.5

Non-funeral home revenue

27.6

25.7

56.4

53.4

Non-funeral home preneed sales revenue

21.3

26.4

43.5

48.6

Core general agency and other revenue

60.7

59.7

114.7

114.4

Total revenue

$      604.8

$      591.4

$    1,235.4

$   1,230.9

Gross profit

$      110.3

$      116.0

$      244.3

$      270.0

Gross profit percentage

18.2 %

19.6 %

19.8 %

21.9 %

Funeral services performed

87,347

87,014

181,033

184,868

Average revenue per service

$      5,985

$      5,807

$      5,950

$      5,777

(Dollars in millions)

Three months ended June
30,

Six months ended June 30,

2026

2025

2026

2025

Consolidated cemetery:

Atneed property revenue

$       37.5

$       37.0

$       74.0

$       74.2

Atneed merchandise and service revenue

73.2

74.0

145.9

149.1

Total atneed revenue

110.7

111.0

219.9

223.3

Recognized preneed property revenue

225.4

220.4

435.0

409.1

Recognized preneed merchandise and service revenue

116.2

105.8

222.5

204.3

Total recognized preneed revenue

341.6

326.2

657.5

613.4

Core revenue

452.3

437.2

877.4

836.7

Other cemetery revenue

46.2

36.9

87.0

72.1

Total revenue

$      498.5

$      474.1

$      964.4

$      908.8

Gross profit

$      163.2

$      155.5

$      315.7

$      292.9

Gross profit percentage

32.7 %

32.8 %

32.7 %

32.2 %

Comparable Funeral Results

The table below details comparable funeral results of operations ("same store") for the three months ended June 30, 2026 and 2025. We consider comparable funeral operations to be those businesses owned for the entire period beginning January 1, 2025 and ending June 30, 2026.

(Dollars in millions, except average revenue per service and
average revenue per contract sold)

Three months ended June 30,

2026

2025

Var

%

Comparable funeral revenue:

Atneed revenue (1)

$  290.2

$  294.3

$   (4.1)

(1.4) %

Matured preneed revenue (2)

194.0

182.8

11.2

6.1 %

Core revenue (3)

484.2

477.1

7.1

1.5 %

Non-funeral home revenue (4)

27.4

25.1

2.3

9.2 %

Non-funeral home preneed sales revenue (5)

21.2

26.3

(5.1)

(19.4) %

Core general agency and other revenue (6)

60.1

59.3

0.8

1.3 %

Total comparable revenue

$  592.9

$  587.8

$     5.1

0.9 %

Comparable gross profit

$  109.8

$  116.6

$   (6.8)

(5.8) %

Comparable gross profit percentage

18.5 %

19.8 %

(1.3) %

Comparable funeral services performed:

Atneed

44,482

45,873

(1,391)

(3.0) %

Matured preneed

26,384

26,247

137

0.5 %

Total core

70,866

72,120

(1,254)

(1.7) %

Non-funeral home

14,178

14,109

69

0.5 %

Total comparable funeral services performed

85,044

86,229

(1,185)

(1.4) %

Core cremation rate

58.0 %

57.4 %

0.6 %

Total comparable cremation rate (7)

64.8 %

64.3 %

0.5 %

Comparable funeral average revenue per service:

Atneed

$  6,524

$  6,416

$    108

1.7 %

Matured preneed

7,353

6,965

388

5.6 %

Total core

6,833

6,615

218

3.3 %

Non-funeral home

1,933

1,779

154

8.7 %

Total comparable average revenue per service

$  6,016

$  5,824

$    192

3.3 %

Comparable funeral preneed sales production:

Total preneed sales

$  323.3

$  303.4

$   19.9

6.6 %

Core contracts sold

38,642

36,232

2,410

6.7 %

Non-funeral home contracts sold

20,420

20,923

(503)

(2.4) %

Core average revenue per contract sold

6,706

6,604

102

1.5 %

Non-funeral home average revenue per contract sold

$  3,141

$  3,068

$      73

2.4 %

(1)

Atneed revenue represents merchandise and services sold and delivered or performed once death has occurred.

(2)

Matured preneed revenue represents merchandise and services sold on a preneed contract through our core funeral homes, which have been delivered or performed as well as the related merchandise and service trust fund income and other insurance benefits.

(3)

Core revenue represents the sum of merchandise and services sold on an atneed contract or preneed contract, which were delivered or performed once death has occurred through our core funeral homes.

(4)

Non-funeral home revenue represents services sold on a preneed or atneed contract through one of our non-funeral home sales channels (e.g. SCI Direct) and performed once death has occurred.

(5)

Non-funeral home preneed sales revenue represents travel protection, net and merchandise sold on a preneed contract that is delivered before death has occurred and general agency revenue from our non-funeral home sales channel.

(6)

Core general agency and other revenue primarily comprises core general agency revenue, which is commissions we receive from third-party insurance companies for life insurance policies sold to preneed customers for the purpose of funding preneed arrangements and core travel protection preneed sales, net.

(7)

Total comparable cremation rate includes the impact of cremation services through our non-funeral sales channel (e.g. SCI Direct).

Total comparable funeral revenue increased $5.1 million. Core funeral revenue increased $7.1 million, or 1.5%, primarily due to a 3.3% increase in core average revenue per service partially offset by a 1.7% decrease in core funeral services performed. The growth in the average revenue per service is primarily driven by consumer preferences for enhanced product and service offerings as well as an increase in trust fund income. The core cremation rate increased 60 basis points to 58.0%. Non-funeral home revenue increased $2.3 million, or 9.2%, due to an 8.7% increase in non-funeral home average revenue per service driven by increased matured preneed revenue from the backlog, combined with a 0.5% increase in non-funeral home services performed. Non-funeral home preneed sales revenue decreased $5.1 million, primarily due to an operational shift to defer the delivery of urns on preneed contracts to the time of need. This transition was completed late in 2025, and this decrease is short-term in nature as we will recognize deferred urn revenue from the backlog at the time of need as non-funeral home revenue in future periods. Core general agency and other revenue increased $0.8 million. Core general agency revenue benefited from higher insurance sales production which was largely offset by a lower general agency commission rate quarter over quarter. The current commission rate is stable and is trending in line with expectations. Comparable funeral gross profit decreased $6.8 million to $109.8 million, and the gross profit percentage declined 130 basis points from 19.8% to 18.5%. Gross profit was impacted by higher selling compensation associated with strong insurance-funded preneed sales production. Selling compensation costs associated with insurance-funded preneed sales production are expensed as incurred, while the benefit of these sales will be realized in future periods as the related funeral services are performed. Comparable funeral preneed sales production increased $19.9 million, or 6.6%, in the second quarter of 2026 compared to 2025, driven by an 8.3% increase in core preneed sales production. Comparable Cemetery Results

The table below details comparable cemetery results of operations ("same store") for the three months ended June 30, 2026 and 2025. We consider comparable cemetery operations to be those businesses owned for the entire period beginning January 1, 2025 and ending June 30, 2026.

(Dollars in millions)

Three months ended June 30,

2026

2025

Var

%

Comparable cemetery revenue:

Atneed property revenue

$   37.3

$   37.0

$     0.3

0.8 %

Atneed merchandise and service revenue

72.9

74.0

(1.1)

(1.5) %

Total atneed revenue (1)

110.2

111.0

(0.8)

(0.7) %

Recognized preneed property revenue

225.2

220.4

4.8

2.2 %

Recognized preneed merchandise and service revenue

116.2

105.8

10.4

9.8 %

Total recognized preneed revenue (2)

341.4

326.2

15.2

4.7 %

   Core revenue (3)

451.6

437.2

14.4

3.3 %

Other revenue (4)

45.3

36.9

8.4

22.8 %

Total comparable revenue

$  496.9

$  474.1

$   22.8

4.8 %

Comparable gross profit

$  162.2

$  155.5

$     6.7

4.3 %

Comparable gross profit percentage

32.6 %

32.8 %

(0.2) %

Comparable cemetery preneed and atneed sales production:

Property

$  288.5

$  271.2

$   17.3

6.4 %

Merchandise and services

225.3

210.9

14.4

6.8 %

Discounts and other

(5.4)

(3.7)

(1.7)

(45.9) %

Preneed and atneed sales production

$  508.4

$  478.4

$   30.0

6.3 %

Preneed sales production

$  399.5

$  369.8

$   29.7

8.0 %

 Recognition rate (5)

88.8 %

91.4 %

(1)

Atneed revenue represents property, merchandise, and services sold and delivered or performed once death has occurred.

(2)

Recognized preneed revenue represents property, merchandise, and services sold on a preneed contract, which were delivered or performed as well as the related merchandise and service trust fund income.

(3)

Core revenue represents the sum of property, merchandise, and services that have been delivered or performed as well as the related merchandise and service trust fund income.

(4)

Other revenue is primarily related to endowment care trust fund income, royalty income, and interest and finance charges earned from customer receivables on preneed installment contracts.

(5)

Represents the ratio of current period core revenue stated as a percentage of current period preneed and atneed sales production.

Total comparable cemetery revenue increased $22.8 million, or 4.8%, in the second quarter of 2026 compared to the second quarter of 2025. The increase was due to higher core revenue of $14.4 million and higher other revenue of $8.4 million. The core revenue increase of $14.4 million was primarily due to a $15.2 million, or 4.7%, increase in total recognized preneed revenue, of which $4.8 million resulted from higher property revenue and $10.4 million from higher merchandise and service revenue. Merchandise and service revenue also reflects the positive impacts from increased trust fund income. Total recognized preneed revenue benefited from growth in comparable cemetery preneed sales production of $29.7 million, or 8.0%, a significant portion of which will benefit us in the future. Other revenue was $8.4 million higher, or 22.8%, compared to the prior-year quarter primarily from an increase in endowment care trust fund income based on market performance and higher total return distributions. Comparable cemetery gross profit increased $6.7 million to $162.2 million. The gross profit percentage decreased slightly from 32.8% to 32.6%. Gross profit was impacted by higher selling compensation, reflecting strong preneed sales production growth of 8.0%. While this strong production growth puts temporary pressure on cemetery gross margins, it grows our backlog with higher-margin deferred property sales which will benefit us in future periods. Comparable preneed cemetery sales production increased $29.7 million, or 8.0%, and was supported by an increase in the number of contracts sold and a higher sales average as well as an increase in large sales. Other Financial Results

Corporate general and administrative expenses were $41.8 million in the second quarter of 2026, compared to $49.5 million in the prior year. The prior year included a $6.4 million charge related to the settlement of certain legal matters. The remaining decrease is partially due to lower auto and general liability claims in the current year. Interest expense was $64.7 million in the second quarter of 2026 compared to $64.1 million in the prior year. The average balances on our floating-rate debt increased approximately $189.0 million, partially offset by lower average floating rates decreasing from 6.8% to 5.8%, resulting in the net $0.6 million increase in interest expense. The GAAP effective income tax rate for the second quarter of 2026 was 25.1%, down from 25.2% in the prior-year quarter. On an adjusted basis, the effective tax rate was 25.2%, down from 25.4% in the prior-year quarter. The lower effective tax rate in the current period was primarily due to non-taxable gains on the cash surrender value of certain life insurance policies. Cash Flow and Capital Spending

(Dollars in millions)

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Net cash provided by operating activities

$       238.7

$       166.5

$       572.4

$       477.6

Legal settlement payments

0.1

0.5

0.3

0.7

Restructuring charge payments

—

1.3

0.6

5.9

Net cash provided by operating activities excluding special
items

$       238.8

$       168.3

$       573.3

$       484.2

Cash taxes included in net cash provided by operating
activities excluding special items

$         30.0

$         94.3

$         34.4

$         99.2

Net cash provided by operating activities excluding special items grew $70.5 million to $238.8 million in the second quarter of 2026 compared to $168.3 million in the second quarter of 2025. The increase is driven by higher operating income of $7.1 million, and a reduction in cash taxes of $64.3 million, due primarily to credits associated with a renewable energy investment. The related renewable energy investment resulted in a $40.7 million investing cash outflow in the current quarter.  Working capital remained essentially flat overall; however, we saw an improvement of $36.4 million in preneed working capital.  This improvement was primarily driven by collections associated with higher preneed cemetery sales production (for which revenue recognition was deferred) as well as higher collection rates compared to the prior year.  This was offset by $37.3 million in higher accounts payable and other working capital uses due to the timing of an additional payroll cycle within the period compared to the prior year. We expect the favorable preneed cemetery collection rates to continue in the back half of 2026, resulting in our increasing cash flow guidance.

A summary of our capital expenditures is set forth below:

(Dollars in millions)

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Capital improvements at existing field locations

$         29.6

$         29.1

$         49.6

$         49.8

Development of cemetery property

44.5

34.7

85.4

76.0

Digital investments and corporate

6.0

5.1

11.6

9.9

Total maintenance, cemetery development, and other capital
expenditures (Maintenance capital expenditures)

$         80.1

$         68.9

$       146.6

$       135.7

Growth capital expenditures/construction of new funeral
service locations

15.6

14.1

29.0

25.5

Total capital expenditures

$         95.7

$         83.0

$       175.6

$       161.2

Total capital expenditures increased $12.7 million in the current quarter, primarily due to the timing of spend on the development of high-returning cemetery property during the quarter.

Trust Fund Returns

Total trust fund returns include realized and unrealized gains and losses and dividends and are shown gross without netting of certain fees. A summary of our consolidated trust fund returns as of June 30, 2026 is set forth below:

Three Months

Six Months

Preneed funeral

8.0 %

7.1 %

Preneed cemetery

7.8 %

7.1 %

Cemetery perpetual care

7.4 %

6.8 %

Combined trust funds

7.7 %

7.0 %

Non-GAAP Financial Measures

Earnings excluding special items, diluted earnings per share excluding special items, and net cash provided by operating activities excluding special items shown above are non-GAAP financial measures. We believe these non-GAAP financial measures provide a consistent basis for comparison between quarters and years, and better reflect the performance of our core operations by adjusting for the items listed below. We also believe these measures help facilitate comparisons to our competitors' operating results.

Set forth below is a reconciliation of our reported net income attributable to common stockholders to earnings excluding special items and our GAAP diluted earnings per share to diluted earnings per share excluding special items. See "Cash Flow and Capital Spending" in this press release for a reconciliation of net cash provided by operating activities to net cash provided by operating activities excluding special items. We do not intend for this information to be considered in isolation or as a substitute for other measures of performance prepared in accordance with GAAP.

(Dollars in millions, except diluted EPS)

Three months ended June 30,

2026

2025

Net

Income

Diluted

EPS

Net

Income

Diluted

EPS

Net income attributable to common stockholders, as reported

$      124.8

$       0.90

$      122.9

$       0.86

Pre-tax reconciling items:

Losses (gains) on divestitures and impairment charges, net

0.1

—

(4.1)

(0.03)

Legal settlement

—

—

6.4

0.04

Restructuring charge

—

—

1.6

0.01

Tax reconciling items:

Tax effect from significant items

—

—

(0.9)

—

Change in non-recurring tax items

—

—

(0.4)

—

Earnings excluding special items and diluted earnings per share
excluding special items

$      124.9

$       0.90

$      125.5

$       0.88

Diluted weighted average shares outstanding

138.3

143.0

(Dollars in millions, except diluted EPS)

Six months ended June 30,

2026

2025

Net

Income

Diluted

EPS

Net

Income

Diluted

EPS

Net income attributable to common stockholders, as reported

$      260.6

$       1.87

$      265.7

$       1.84

Pre-tax reconciling items:

Gains on divestitures and impairment charges, net

(1.1)

(0.01)

(9.0)

(0.06)

Legal settlement

—

—

6.4

0.04

Restructuring charge

—

—

1.6

0.01

Tax reconciling items:

Tax effect from significant items

0.2

0.01

0.4

0.01

Change in non-recurring tax items

0.4

—

—

—

Earnings excluding special items and diluted earnings per share
excluding special items

$      260.1

$       1.87

$      265.1

$       1.84

Diluted weighted average shares outstanding

139.1

144.1

SOURCE Service Corporation International