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Striking Oil: How the U.S. Play for Venezuela Fuels SupermajorsChevron NYSE: CVX sees Venezuela as a potentially significant source of low-cost production growth after negotiating revised commercial and legal terms that Chief Financial Officer Eimear Bonner said made the country’s resource base competitive within the company’s global portfolio.

Speaking at the Barclays Energy-Power Conference, Bonner said Chevron is producing about 280,000 barrels of oil per day in Venezuela and expects to raise that volume to 600,000 barrels per day by 2031. The company expects a production plateau of between 600,000 and 700,000 barrels per day that could last five to 10 years, based on primary recovery alone.

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Bloom Energy’s AI Surge Meets a Valuation Reality Check“This is an enormous resource base, low cost, total cost less than $20 a barrel, lots of run room,” Bonner said. Chevron plans to invest $7 billion on growth in Venezuela over a five-year period and more than double its rig count there.

Venezuela expansion supported by revised terms Bonner said Chevron’s expansion is supported by additional acreage, including contiguous acreage obtained through a swap completed in April, as well as the Carabobo-1 and Carabobo-2 blocks announced more recently. She said the company does not expect to need major new infrastructure to achieve its production-growth target.

These 5 Dividend Stocks Show Why Income Investing Still MattersAccording to Bonner, Chevron has maintained equipment, conducted turnarounds and continued asset-integrity and process-safety programs since implementing a capital-efficient model for its Venezuelan joint ventures nearly three years ago. Future infrastructure additions are expected to resemble smaller pipeline and utility tie-ins used in “factory-type” shale development rather than major capital projects.

Bonner said the revised agreements include competitive royalty and tax terms, stability clauses intended to protect those terms across changes in government administration, and rights to international arbitration. She described the arrangement as a “win-win-win” for Venezuela, investors and U.S. energy security.

Cash priorities remain unchanged Bonner said Chevron continues to follow longstanding financial priorities: growing its dividend, investing capital efficiently, strengthening its balance sheet and returning excess cash to shareholders through repurchases.

The company has already increased its dividend this year, continuing what Bonner said was a 39-year record of dividend growth. Chevron is funding projects intended to support 7% to 10% portfolio growth, while excess cash is currently being directed toward balance-sheet strengthening.

Chevron’s share-repurchase framework remains a range of $10 billion to $20 billion, Bonner said. She added that the company generally does not alter its buyback pace during periods of oil-price volatility, noting that oil prices had moved by about $35 over the preceding month.

Shale efficiencies and cost reductions Chevron has also shifted its U.S. shale and tight operations toward generating more free cash flow at stable production levels. Bonner said the company’s Permian Basin business grew from about 450,000 barrels per day in 2019 to roughly 1 million barrels per day, and its focus at that level is now on operational efficiency rather than volume growth.

The company reorganized its shale and tight operations last year, consolidating assets to share operating practices. Bonner cited improved reliability, artificial-lift optimization, real-time monitoring and faster drilling as contributors to capital efficiency. Chevron is drilling twice as fast as it was two years ago, she said.

Chevron delivered its $3 billion structural cost-reduction target six months ahead of schedule, Bonner said. About 70% of the savings came from efficiency gains, with the remainder tied to portfolio actions and changes to the operating model. The company is continuing to pursue savings through contract optimization, technology and areas of overlapping operations following its merger with Hess.

TCO performance and exploration options Bonner said Chevron’s Tengizchevroil, or TCO, asset is performing strongly following the startup of its third-generation plant. A turnaround that replaced components in a constrained processing column increased the plant’s oil capacity from 260,000 barrels per day to 320,000 barrels per day, an increase of more than 20%.

Chevron is now looking for incremental optimization opportunities in the field, supported by an integrated operations center using advanced process controls, artificial intelligence workflows and equipment-monitoring tools. Bonner said negotiations regarding TCO are progressing, with no “showstoppers,” though she did not provide a timeline.

On exploration, Bonner said Chevron has made six discoveries over the past two years, increased its acreage by 35% last year and added 10 million acres this year. The company has activity in Guyana, West Africa, the Eastern Mediterranean and the Middle East.

In Iraq, Chevron is negotiating on an exclusive basis around three opportunities: the West Qurna 2 producing asset, the adjacent Nassiriya field and potential participation in a pipeline that could provide an alternate route to market. Bonner said Chevron has a head-of-agreement addendum covering those items and hopes to advance discussions over the next year.

Bonner also highlighted Chevron’s recently announced gigawatt-scale power plant in the Permian. She said the company’s gas supplies in Texas, turbine availability, experience operating power-generation facilities and a 20-year power purchase agreement with a customer differentiate its position in the business.

About Chevron (NYSE:CVX)Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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Old North State Trust LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 864 shares of the industrial products company’s stock, valued at approximately $920,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. grew its position in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar during the 2nd quarter valued at $36,000. Lam Group Inc. acquired a new stake in shares of Caterpillar in the 1st quarter valued at $26,000. Finally, Tacita Capital Inc bought a new stake in Caterpillar in the second quarter worth $47,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades CAT has been the topic of several analyst reports. DA Davidson increased their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company increased their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Rothschild & Co Redburn boosted their target price on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Get Our Latest Report on Caterpillar Caterpillar Stock Down 0.1% Caterpillar stock opened at $813.51 on Tuesday. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The firm has a fifty day moving average price of $868.12 and a two-hundred day moving average price of $839.26.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $4.72 earnings per share. As a group, analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current year.

Caterpillar Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were issued a $1.63 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. Caterpillar’s payout ratio is 28.06%.

Insider Transactions at Caterpillar In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

About Caterpillar (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Read More Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.

Equitable Holdings Inc. bought a new position in Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,278 shares of the industrial products company’s stock, valued at approximately $35,437,000.

Other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC bought a new position in Caterpillar in the 2nd quarter worth approximately $5,372,000. D.B. Root & Company LLC bought a new stake in shares of Caterpillar in the second quarter valued at approximately $850,000. Dearborn Partners LLC acquired a new stake in shares of Caterpillar in the second quarter worth $20,293,000. Axxcess Wealth Management LLC grew its stake in shares of Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock worth $12,844,000 after acquiring an additional 604 shares during the last quarter. Finally, DSG Capital Advisors LLC bought a new position in Caterpillar during the first quarter worth $1,226,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of analysts have weighed in on CAT shares. Robert W. Baird set a $970.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn increased their target price on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, DA Davidson lifted their target price on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $995.52.

View Our Latest Analysis on CAT Caterpillar Trading Down 0.1% CAT stock opened at $813.51 on Tuesday. Caterpillar Inc. has a 1-year low of $416.44 and a 1-year high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $868.12 and its 200-day moving average is $839.26. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60.

Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm earned $4.72 EPS. Caterpillar’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.

Caterpillar Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. The ex-dividend date was Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 28.06%.

Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Caterpillar Company Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Featured Articles Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.

Hayek Kallen Investment Management purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,607 shares of the industrial products company’s stock, valued at approximately $12,360,000. Caterpillar makes up about 3.7% of Hayek Kallen Investment Management’s portfolio, making the stock its 7th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $40,457,153,000. Bank of America Corp DE acquired a new position in Caterpillar during the second quarter worth approximately $5,818,150,000. Diamant Asset Management Inc. raised its stake in Caterpillar by 68,427.2% in the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock valued at $2,224,992,000 after buying an additional 3,136,020 shares during the period. Bank of New York Mellon Corp bought a new stake in Caterpillar in the second quarter valued at approximately $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In CAT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Oppenheimer reaffirmed an “outperform” rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. UBS Group upped their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $995.52. Check Out Our Latest Analysis on CAT

Caterpillar Price Performance Shares of NYSE CAT opened at $813.51 on Tuesday. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.60. The business’s 50 day moving average is $868.12 and its 200-day moving average is $839.26. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 1-year low of $416.44 and a 1-year high of $1,073.46.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.72 EPS. Equities research analysts predict that Caterpillar Inc. will post 27.34 earnings per share for the current year.

Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. Caterpillar’s dividend payout ratio is currently 28.06%.

Caterpillar Company Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Read More Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.

FSA Advisors Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,490 shares of the industrial products company’s stock, valued at approximately $1,586,000.

Several other institutional investors also recently added to or reduced their stakes in CAT. Stonebridge Financial Group LLC raised its holdings in Caterpillar by 0.7% in the second quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock valued at $1,741,000 after buying an additional 11 shares during the period. Inspirion Wealth Advisors LLC grew its stake in Caterpillar by 1.2% during the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock worth $936,000 after buying an additional 11 shares during the period. Bell Bank increased its position in shares of Caterpillar by 0.6% in the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock worth $1,986,000 after acquiring an additional 11 shares in the last quarter. Cornerstone Advisory LLC raised its stake in shares of Caterpillar by 0.7% in the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after acquiring an additional 12 shares during the period. Finally, Advisory Resource Group raised its stake in shares of Caterpillar by 0.8% in the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 13 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades A number of analysts recently weighed in on the stock. Truist Financial set a $980.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $1,002.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $995.52.

View Our Latest Analysis on Caterpillar Caterpillar Price Performance CAT opened at $813.51 on Tuesday. Caterpillar Inc. has a twelve month low of $416.44 and a twelve month high of $1,073.46. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.41 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $868.12 and a 200 day simple moving average of $839.26.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.72 EPS. Equities research analysts expect that Caterpillar Inc. will post 27.34 EPS for the current fiscal year.

Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. Caterpillar’s payout ratio is presently 28.06%.

Insider Buying and Selling In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Recommended Stories Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).

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Hamilton Capital LLC acquired a new position in Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,212 shares of the industrial products company’s stock, valued at approximately $1,291,000.

Several other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC raised its holdings in Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock valued at $1,741,000 after acquiring an additional 11 shares during the period. Inspirion Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 1.2% in the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock worth $936,000 after acquiring an additional 11 shares during the period. Bell Bank grew its position in shares of Caterpillar by 0.6% in the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock valued at $1,986,000 after purchasing an additional 11 shares in the last quarter. Cornerstone Advisory LLC raised its stake in shares of Caterpillar by 0.7% during the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after purchasing an additional 12 shares during the period. Finally, Advisory Resource Group lifted its holdings in Caterpillar by 0.8% during the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.1% Shares of NYSE CAT opened at $813.51 on Tuesday. The business has a 50-day moving average of $868.12 and a 200-day moving average of $839.26. The firm has a market capitalization of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.41 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 12 month low of $416.44 and a 12 month high of $1,073.46. Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.72 EPS. Sell-side analysts expect that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.

Caterpillar Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.8%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is presently 28.06%.

Analyst Upgrades and Downgrades Several research analysts have commented on CAT shares. Sanford C. Bernstein restated a “market perform” rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Truist Financial set a $980.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. UBS Group raised their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, Robert W. Baird set a $970.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $995.52.

Get Our Latest Research Report on CAT

Caterpillar Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

Read More Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).

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Blue Edge Capital LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,179 shares of the industrial products company’s stock, valued at approximately $14,034,000. Caterpillar makes up 1.7% of Blue Edge Capital LLC’s investment portfolio, making the stock its 17th largest holding.

Several other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. grew its holdings in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares during the period. Matrix Trust Co boosted its position in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar during the second quarter worth $36,000. Lam Group Inc. acquired a new position in shares of Caterpillar in the 1st quarter valued at $26,000. Finally, Tacita Capital Inc bought a new stake in shares of Caterpillar in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance Shares of CAT opened at $813.51 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $416.44 and a twelve month high of $1,073.46. The stock has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a 50 day moving average of $868.12 and a 200-day moving average of $839.26. Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm posted $4.72 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Caterpillar Inc. will post 27.34 EPS for the current fiscal year.

Caterpillar Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.8%. Caterpillar’s dividend payout ratio is currently 28.06%.

Analyst Upgrades and Downgrades Several research firms have weighed in on CAT. Rothschild & Co Redburn lifted their target price on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Citigroup lifted their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Zacks Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada lifted their price target on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $995.52.

Check Out Our Latest Stock Analysis on CAT

Caterpillar Profile (Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

See Also Five stocks we like better than Caterpillar 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane

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Key Takeaways NEM's attributable gold production fell 13% year over year to 1.29 million ounces in the second quarter.NEM expects 2026 gold output to decline to 5.26 million ounces, partly due to site transitions.Higher 2026 AISC of $1,680 per ounce is expected as lower volumes and other costs pressure profitability. Newmont Corporation (NEM - Free Report) saw lower gold production for the second quarter, partly linked to its strategic divestment of non-core assets. The company reported a roughly 13% year-over-year and 1% sequential decline in attributable gold production to 1.29 million ounces. Lower output from Cadia and reduced grades across certain mines impacted production.

Newmont expects third-quarter 2026 production to be largely in line with the second-quarter level. It sees gold production at about 5.26 million ounces for 2026, indicating a year-over-year decline from 5.89 million ounces in 2025. NEM expects lower production from Penasquito and Cadia in 2026 due to site transitions. It also sees lower-than-expected production from Nevada Gold Mines and Pueblo Viejo. These will be partly offset by contributions from the newly commissioned Ahafo North mine.

Lower production is also expected to lead to higher unit costs in 2026. NEM expects all-in-sustaining costs (AISC) — a critical cost metric for miners — to be $1,680 per ounce on a by-product basis, indicating a notable increase from $1,358 per ounce in 2025. The expected increase is due to lower sales volumes as a result of planned mine sequencing, higher royalties and production taxes, deferral of sustaining capital from 2025 into 2026 and inventory changes. The production decline and higher costs could undercut the company’s profitability goals.

Looking across the competitive landscape, Barrick Mining Corporation (B - Free Report) attributable gold production rose 11% sequentially to 796,000 ounces in the second quarter, exceeding its guidance range of 730,000 to 770,000 ounces. It was flat year over year. Barrick expects production to increase sequentially in the third quarter and again in the fourth quarter, driven by the Loulo-Gounkoto ramp-up, Goldrush and mine sequencing. Barrick maintained 2026 attributable gold production guidance of 2.9-3.25 million ounces.

Agnico Eagle Mines Limited’s (AEM - Free Report) gold production was 855,816 ounces in the second quarter, up around 4% sequentially. It was down roughly 1% from 866,029 ounces in the prior-year quarter. For full-year 2026, Agnico Eagle expects gold production near the lower end of its 3.3 million to 3.5 million ounces guidance, reflecting the preliminary redesign of the Barnat open pit. AEM expects the Barnat pit wall movement event to reduce gold production at Canadian Malartic by 60,000-80,000 ounces in the second half of 2026.

The Zacks Rundown for NEMShares of Newmont have shot up 68.7% in the past year against the Zacks Mining – Gold industry’s rise of 45.9%.

Image Source: Zacks Investment Research

From a valuation standpoint, NEM is currently trading at a forward 12-month earnings multiple of 13.31, a modest 1.8% discount to the industry average of 13.56X. It carries a Value Score of B.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for NEM’s 2026 and 2027 earnings implies a year-over-year rise of 30.7% and 10%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days.

Image Source: Zacks Investment Research

NEW YORK--(BUSINESS WIRE)--Macy's today launched the fall edition of Find Us At Macy's, its seasonal fashion campaign celebrating the way great style comes together through unexpected combinations of brands, influences and perspectives. At the heart of the campaign is Celebrate American Designers, an exclusive capsule collection featuring six of the most influential voices in American fashion – The Icons: Tommy Hilfiger, Donna Karan, Michael Kors, and The New Guard: Jonathan Cohen, LAPOINTE and.

30-day ocean voyage on Seabourn Quest sails roundtrip from Miami with scenic Amazon River cruising, visits to river communities and an overnight stay in Manaus

Key Points

Seabourn has announced a new 30-day "Amazon Explorer: Rivers & Rainforests" voyage aboard Seabourn Quest, sailing roundtrip from Miami from Nov. 18 to Dec. 18, 2028. The voyage visits 15 destinations across seven countries, combining Caribbean islands, scenic Amazon River cruising and visits to destinations along the Amazon River, including Santarém, Boca da Valeria, Parintins, Manaus and more. Guests will enjoy an overnight stay in Manaus, providing additional time to explore one of the Amazon's most culturally rich destinations. Sailing during Seabourn's Ruby Jubilee year, the voyage is part of the line's 40th anniversary celebration in 2028. , /PRNewswire/ -- Seabourn has announced a new 30-day "Amazon Explorer: Rivers & Rainforests" voyage on Seabourn Quest, inviting guests to experience one of the world's most remarkable waterways through a journey that combines scenic Amazon River cruising, riverside destinations and an overnight stay in Manaus. Sailing roundtrip from Miami from Nov. 18 to Dec. 18, 2028, the luxury ocean voyage visits 15 destinations across seven countries and is part of Seabourn's Ruby Jubilee year celebrating the line's 40th anniversary.

RAINFORESTS AND RIVER COMMUNITIES: SEABOURN TO EXPLORE THE AMAZON ON NEW 2028 VOYAGE As luxury travelers increasingly seek deeper, more authentic experiences and opportunities to explore more culturally rich destinations, Seabourn's new Amazon voyage offers a distinctive way to discover one of the world's most fascinating regions. Stretching across northern South America, the Amazon is home to extraordinary biodiversity, the world's largest rainforest and one of its most iconic waterways. The new voyage follows a thoughtfully designed route from the Caribbean into the Amazon River, offering guests opportunities to experience vibrant cultures, remote communities and the changing landscapes that have captivated explorers and travelers for generations.

"The Amazon is one of the world's most fascinating destinations, offering a sense of exploration unlike anywhere else in the world," said Mark Tamis, President of Seabourn. "Seabourn Quest will take guests into the heart of the Amazon to discover its extraordinary landscapes, cultures and traditions, while delivering the personalized service, thoughtfully curated experiences and intimate atmosphere that define Seabourn."

The voyage also kicks off a season of extended travel aboard Seabourn Quest. Following the Amazon sailing, the ship will embark on two 10-day Caribbean holiday voyages before departing Miami on Jan. 7, 2029, for its 138-day World Cruise: Iconic Islands & Remote Horizons, giving guests additional opportunities to extend their time on board, travel farther and explore some of the world's most extraordinary regions more deeply.

Exploring River, Rainforest and Local Cultures
The voyage begins in Miami and winds through the Caribbean before entering the Amazon River, creating a natural progression from island destinations to one of the world's great waterways. Throughout the voyage, guests will experience the Amazon through scenic cruising and visits to destinations that reveal life along the river.

A highlight of the voyage is the overnight stay in Manaus, a historic city surrounded by rainforest and long regarded as a gateway to the Amazon. The extended stay provides guests with more time to experience the city's architecture, markets, cultural landmarks and vibrant waterfront.

Stops at Santarém, Boca da Valeria and Parintins offer opportunities to experience the landscapes, cultures and traditions shaped by one of the world's great waterways. The ship will visit Devil's Island in French Guiana, known for its dramatic history and remote setting, as well as calls in the Caribbean, including Saint Barthelemy, Trinidad and Grenada, adding further depth to the journey.

Featured Voyage Highlights

Amazon River Scenic Cruising - Sail along one of the world's most legendary waterways, taking in rainforest landscapes and river life. Manaus, Brazil - Enjoy an overnight stay in the gateway to one of most captivating cities in the Amazon, with more time to explore the city's culture, colorful markets, and acclaimed restaurants showcasing local flavors. Santarém, Brazil - Discover a destination near the confluence of the Amazon and Tapajós rivers, where the sediment-rich brown waters of the Amazon flow alongside the clear blue-green waters of the Tapajós before gradually blending together. Boca da Valeria, Brazil - Visit a small riverside community surrounded by dense rainforest, offering a rare glimpse at the everyday life along the Amazon. Parintins, Brazil - Experience one of the Amazon's most vibrant river destinations. Devil's Island, French Guiana - Explore a destination known for its dramatic history and remote setting. Gustavia, Saint Barthelemy - Set around a yacht-like harbor rarely accessible to larger ships, this hidden, elegant harbor blends Swedish colonial and French Creole architecture with chic boutiques, cafés and restaurants. The Seabourn Experience
Aboard the intimate Seabourn Quest, guests will enjoy ocean-front suites, most with a private veranda, intuitive personalized service, world-class dining and Seabourn Conversations, the line's enrichment program featuring engaging presentations and informal discussions by leading thinkers, cultural voices and subject-matter experts. The smaller scale of the ship allows access to boutique destinations and creates a more immersive connection with the places visited throughout the journey. Guests will also sail aboard a refreshed Seabourn Quest, following one of the most comprehensive interior updates in the ship's history. Enhancements across suites, public spaces, dining venues and wellness areas further elevate the comfort, understated luxury and personalized service that define Seabourn.

For more details about Seabourn, call 1-800-929-9391, visit www.seabourn.com or contact a professional travel advisor. 

About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a fleet of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with ocean-front views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn® program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers. 

Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL). 

Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.

IMAGES HERE

SOURCE Seabourn

Salesforce just posted an earnings beat that sent the stock surging 34%, but the source of that surprise raises questions every investor should answer before buying in at these levels.

Salesforce (NYSE:CRM | CRM Price Prediction) shares have run hard since the company reported fiscal second-quarter results on August 26, 2026, with the stock up 34.33% over the past month to $259.23. The headline was a non-GAAP earnings-per-share figure of $5.90 against a consensus of $3.27, an 80.36% surprise that Reddit quickly recast as an AI breakout tied to the Anthropic partnership.

If you are chasing the move in Salesforce, look at where that beat came from before paying for it. The company disclosed that $2.6 billion in net gains on strategic investments contributed $2.53 per share to non-GAAP EPS. Back that out, and recurring earnings sit close to the Street’s estimate rather than well above it.

Where the Beat Actually Came From CEO of Salesforce Marc Benioff opened the call with a familiar victory lap, framing the quarter as broad-based outperformance rather than a one-line accounting boost.

“We just delivered one of our best quarters ever, outperforming across every key metric.”

The metric doing most of the outperforming was an accounting one. Strategic investment gains added $2.43 per share to GAAP EPS of $4.29. Stripping the strategic investment contribution leaves recurring adjusted EPS close to the year-ago quarter rather than materially above it.

Operating Profit Held Flat Operating income was $2.331 billion, essentially unchanged at -0.04% year over year, even as revenue rose 10.83% to $11.345 billion. Net income appeared to jump 86.86%, but that lift traces to the same investment gains.

Per-share optics were also flattered by a smaller float. Diluted shares fell to 821 million from 962 million a year earlier through the $25 billion accelerated share repurchase, with buybacks averaging $176 per share. Repurchases and investment gains create real shareholder value, but neither shows that customer demand doubled.

Growth Signals That Still Deserve Credit The underlying business is still advancing. Current remaining performance obligations reached $33.5 billion, up 14% year over year, and subscription revenue grew 12%. Management said net new AOV growth was the strongest in four years.

AI adoption is measurable. Agentforce ARR passed $1.5 billion, up more than 240% year over year, and Agentforce plus Data 360 ARR reached about $3.9 billion. Free cash flow of $1.098 billion grew 81.49%.

Salesforce raised full-year FY27 revenue guidance to $46.1 billion to $46.4 billion, but only $100 million of the raise is organic; $200 million comes from the pending Contentful and Fin deals. Non-GAAP EPS guidance of $16.67 to $16.71 lines up with the analyst consensus of 16.6489.

Operating and free cash flow growth guidance was maintained at 4% to 5%. That is the recurring earnings power investors are being asked to price, and it stands well below any annualized read on the one-time mark-to-market windfall.

Is CRM Stock a Buy? Salesforce trades at a P/E of 29x with a free cash flow yield of 6.75%, which is fair rather than cheap for a company compounding at a low-teens rate. Against Microsoft’s Dynamics business and Oracle’s applications stack, Agentforce traction and cRPO growth still argue for durable share.

The setup argues for patience: a pullback toward the pre-report level, or a quarter in which the beat comes from operations rather than an investment gain, would give investors a cleaner read on recurring earnings power at this valuation.

Contact [email protected] for any questions or corrections.

SAP SE (SAP) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) Director John Merfyn Roberts sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$273.35, for a total transaction of C$410,025.00. Following the sale, the director owned 16,182 shares in the company, valued at C$4,423,349.70. This represents a 8.48% decrease in their position.

John Merfyn Roberts also recently made the following trade(s):

On Monday, August 10th, John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock. The shares were sold at an average price of C$244.66, for a total transaction of C$244,660.00. Agnico Eagle Mines Stock Performance Agnico Eagle Mines stock opened at C$283.22 on Tuesday. Agnico Eagle Mines Limited has a 52 week low of C$188.48 and a 52 week high of C$348.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86. The firm has a market capitalization of C$143.41 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 22.97 and a beta of 2.02. The company has a 50 day moving average price of C$238.73 and a 200 day moving average price of C$258.82.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last released its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The company had revenue of C$5.53 billion during the quarter. Agnico Eagle Mines had a return on equity of 22.69% and a net margin of 40.45%. Research analysts forecast that Agnico Eagle Mines Limited will post 5.4966052 EPS for the current year. Agnico Eagle Mines Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Agnico Eagle Mines’s dividend payout ratio is currently 14.55%.

Wall Street Analyst Weigh In Several equities analysts have weighed in on the company. Barclays lowered their target price on Agnico Eagle Mines from C$298.00 to C$266.00 in a research note on Thursday, July 16th. National Bank Financial dropped their price target on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Stifel Nicolaus dropped their target price on Agnico Eagle Mines from C$350.00 to C$310.00 in a research report on Friday, July 17th. Finally, Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$295.33.

Get Our Latest Stock Analysis on AEM

(Get Free Report)

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

See Also Five stocks we like better than Agnico Eagle Mines 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways Kinross Gold gained 12.7% in a month on a rebound in gold prices and solid earnings.Kinross Gold's growth pipeline could add 3 million ounces of life-of-mine production in the United States.KGC faces higher costs and limited near-term production growth, while earnings estimates decline. Kinross Gold Corporation’s (KGC - Free Report) shares have gained 12.7% in the past month, thanks to a rebound in gold prices and the company’s better-than-expected earnings, driven by higher realized prices and strong margins.

  KGC has outperformed the Zacks Mining – Gold industry’s 10.4% increase and the S&P 500’s 0.7% decline. Its gold mining peers, Barrick Mining Corporation (B - Free Report) , Newmont Corporation (NEM - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) have gained 9.5%, 9.3% and 13.5%, over the same period.

KGC’s One-month Price Performance Image Source: Zacks Investment Research

Technical indicators show that KGC broke above the 50-day simple moving average (SMA) on Aug. 5, 2026, driven by the gold price recovery. It also crossed its 200-day SMA last Wednesday. The 50-day SMA has been below the 200-day SMA since a death crossover on June 24, 2026, signaling a bearish trend.

Kinross Trades Above 50-Day SMA Image Source: Zacks Investment Research

Let’s take a look at KGC’s fundamentals to better analyze how to play the stock.

Development Projects to Underpin KGC’s Production GrowthKinross has a strong production profile and boasts a promising pipeline of exploration and development projects. Its key development projects and exploration programs remain on track. These projects are expected to boost production and cash flow, and deliver significant value. The successful execution of these projects will position the company for a new wave of low-cost, long-life production.

KGC is progressing with the construction of three organic growth projects to expand its U.S. portfolio. This is aimed at extending mine life and optimizing costs. The projects are Round Mountain Phase X and Bald Mountain Redbird 2 in Nevada, and the Kettle River–Curlew project in Washington. Together, the projects are expected to contribute significantly to Kinross’ U.S. production profile. They are expected to contribute 3 million ounces of life-of-mine production to KGC’s portfolio, adding grades and mine lives.

The Great Bear project also advanced in the second quarter, with surface construction for advanced exploration 93% complete, the first exploration-decline blast completed on July 27, 2026, and main-project detailed engineering about 50% complete. Lobo-Marte adds longer-dated optionality and is expected to deliver about 350,000 ounces of annual steady-state production. KGC expects Great Bear and Lobo-Marte together to contribute about 850,000 ounces per year of higher-grade, lower-cost production over time.

Meanwhile, Tasiast and Paracatu remain the anchor assets in Kinross’ portfolio and continue to provide lower-cost production. They remain the key contributors to KGC's cash flow generation and account for more than half of its production. Both Tasiast and Paracatu delivered solid production performance in the second quarter and remain on track to meet the company’s 2026 guidance.

Kinross’ Strong Financial Health Backs Capital AllocationKGC ended second-quarter 2026 with robust liquidity of $4.4 billion, including cash and cash equivalents of roughly $2.7 billion. Its liquidity increased from $3.9 billion in the prior quarter. The company also logged attributable free cash flow of $726.8 million in the second quarter and $1.56 billion in the first half of 2026, driven by the strength in gold prices, cost management and strong operating performance.

Kinross’ strong liquidity and solid free cash flow add strength to its growth plans and debt reduction efforts, while driving shareholder value. KGC attained a net cash position of about $1.9 billion at the end of the second quarter. With $1.7 billion in available credit (as of June 30, 2026) and no debt maturities until 2033, Kinross is well-positioned to support growth while strengthening its balance sheet and boosting shareholder returns.

Kinross returned more than $275 million to its shareholders in the second quarter and approximately $615 million year to date through July 29, 2026, including $520 million of share repurchases. Since resuming buybacks in April 2025, it has repurchased more than $1.1 billion of shares. KGC continues to target returning 40% of 2026 free cash flow through combined dividends and buybacks.

KGC offers a dividend yield of 0.5% at the current stock price. It has a payout ratio of 6% with a five-year annualized dividend growth rate of roughly 3.8%.

Favorable Gold Prices to Drive KGC’s Margins and Cash FlowElevated gold prices should boost KGC’s profitability and drive cash flow generation. While gold prices have fallen from their January 2026 peak of nearly $5,600 per ounce, they remain supportive.

Bullion came under renewed pressure after hitting a more than three-month high near $4,650 per ounce in late August 2026. Prices fell to a more than three-week low near $4,300 an ounce last Wednesday. A spike in oil prices amid heightened U.S.-Iran tensions intensified inflation concerns, while higher Treasury yields and a stronger dollar reduced gold's appeal. These, combined with increased expectations for a U.S. interest rate hike, weighed on gold. Bullion prices have again climbed to above $4,400 an ounce as the greenback and Treasury yields eased from recent highs. However, rising rate-hike expectations are again weighing on the yellow metal lately.

Higher Production Costs a Drag on KGC’s MarginsKGC remains exposed to headwinds from higher production costs. Its attributable production cost of sales was $1,336 per gold equivalent ounce in the second quarter, up from $1,074 a year ago, while the first-half figure rose to $1,358 from $1,056 in the prior-year period. The increase reflected higher fuel, royalty and labor costs. It saw second-quarter attributable all-in-sustaining costs (AISC) — a critical cost metric for miners — of $1,821 per ounce, marking a 22% increase from the year-ago quarter.

Kinross expects AISC to be $1,730 per ounce (+/-5%) for 2026, indicating a year-over-year increase from $1,571 per ounce in 2025, partly due to inflationary impacts. AISC is expected to be adversely impacted by cost inflation from elevated crude oil prices. The higher cost base reduces operating leverage and makes future margin expansion more dependent on realized gold prices and execution of productivity and grade-enhancement initiatives.

Kinross Faces Limited Near-Term Production GrowthKinross’ attributable production was 492,326 gold equivalent ounces in the second quarter, down 4% year over year, and first-half output of 984,889 ounces was also about 4% lower. Management continues to forecast around 2 million attributable ounces for each of 2026, 2027 and 2028, indicating little volume growth before the next wave of projects contributes. Third-quarter production is expected to be in line with the first two quarters, with a higher fourth quarter as Round Mountain moves into Phase S. The stable multi-year production outlook means earnings and cash flow remain more dependent on gold prices, cost control and timely project execution.

KGC’s Earnings Estimates SouthboundThe Zacks Consensus Estimate for KGC’s 2026 earnings has been going down over the past 60 days. The consensus estimate for third-quarter 2026 earnings has also been revised lower over the same time frame.

Image Source: Zacks Investment Research

A Look at Kinross Stock’s ValuationKinross is currently trading at a forward 12-month earnings multiple of 12.03, an 11.3% discount to the peer group average of 13.56X. KGC is trading at a discount to Newmont and Agnico Eagle and at a premium to Barrick Mining. Kinross Gold currently has a Value Score of A. Barrick Mining and Newmont have a Value Score of B each, while Agnico Eagle carries a Value Score of D.  

KGC’s P/E F12M Vs. Industry, B, NEM & AEM Image Source: Zacks Investment Research

How Should Investors Play the KGC Stock?Kinross boasts a robust development pipeline and a healthy financial position. The company continues to deliver solid financial results while prioritizing shareholder returns, supported by strong free cash flow generation and rapid deleveraging amid favorable gold prices. However, elevated production costs amid an inflationary environment remain a concern. This, coupled with declining earnings estimates, casts a pall on the company's prospects. Retaining this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.

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

NEW BRITAIN, Conn., Sept. 8, 2026 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that Chris Nelson, President & CEO, will speak at the Morgan Stanley 14th Annual Laguna Conference on Thursday, September 17, 2026 at 11:30 AM PT (2:30 PM ET).

California State Teachers Retirement System lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 16,067.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,953,998 shares of the Wireless communications provider’s stock after purchasing an additional 126,168,750 shares during the quarter. California State Teachers Retirement System owned about 11.84% of T-Mobile US worth $21,293,994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the second quarter worth $6,625,275,000. Price T Rowe Associates Inc. MD increased its holdings in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. State Street Corp raised its position in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares during the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after purchasing an additional 827,381 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades Several brokerages recently commented on TMUS. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Scotiabank decreased their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Morgan Stanley dropped their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

View Our Latest Stock Analysis on TMUS T-Mobile US Stock Performance Shares of TMUS stock opened at $181.52 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $194.71 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.17 and a beta of 0.34. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $255.74. The firm has a fifty day moving average price of $181.47 and a 200-day moving average price of $192.04.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.82 earnings per share for the current year.

T-Mobile US Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s payout ratio is 42.72%.

T-Mobile US Profile (Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

Recommended Stories Five stocks we like better than T-Mobile US 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).

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Milestone helps bring Iowa's only nuclear energy center back online, strengthen grid reliability and meet growing electricity demand 

, /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it and the U.S. Department of Energy (DOE), through its Office of Energy Dominance Financing (EDF), have reached a combined conditional commitment and financial close on a loan of up to $1.9 billion to support the restart of the company's Duane Arnold Energy Center in Iowa. This milestone moves the company closer to restoring Iowa's only nuclear plant and adding reliable, around-the-clock energy to the regional grid.

The Duane Arnold Energy Center, a 615-megawatt nuclear facility in Linn County, Iowa, is expected to create substantial economic benefits for Iowa and the surrounding region. A study estimated that the restart could generate more than $9 billion in economic benefits for Iowa over 25 years, create thousands of American jobs during construction and refurbishment, support more than 400 permanent high-paying jobs during operations and generate approximately $75 million in tax revenue over the life of the project.

Last October, NextEra Energy announced plans to restart the Duane Arnold Energy Center no later than the first quarter of 2029, pending regulatory approvals. The DOE loan will help NextEra Energy return Duane Arnold to service for its customers, advancing one of the most significant nuclear restart efforts underway in the U.S.

"Restarting Duane Arnold is about delivering new power to meet new demand while generating billions of dollars in economic value for Iowans," said John Ketchum, chairman, president and CEO of NextEra Energy. "Just as importantly, it shows how America can support rapid economic growth and rising electricity demand while helping keep power affordable for existing customers. By bringing new generation online to serve new demand, we can strengthen the grid, create hundreds of good-paying jobs and help ensure Iowa families and businesses are not asked to bear the costs of growth. We appreciate the Administration's leadership in advancing America's nuclear renaissance and share its commitment to an all-of-the-above energy strategy that expands supply, strengthens energy security and keeps America competitive."

"President Trump has set an ambitious course to restore American nuclear leadership, and the restart of Duane Arnold Nuclear Plant in Iowa marks another step in advancing America's nuclear renaissance," said U.S. Deputy Secretary of Energy James P. Danly. "Returning 615 megawatts of reliable baseload generation will drive down electricity costs, while supporting thousands of American jobs. This Administration is pursuing a comprehensive nuclear strategy, restarting existing reactors, increasing the output of our nuclear fleet, and accelerating new construction, to build the abundant, affordable, and reliable power system required for American prosperity and reindustrialization."

"This commitment from the Administration further demonstrates the importance of the Duane Arnold restart and future nuclear development," said Iowa Gov. Kim Reynolds. "I was proud to sign a bill that will provide incentives for nuclear power development, which will put Iowa in the forefront of innovation in the industry. New nuclear development and the restart of Duane Arnold will meet our growing energy demand while also providing hundreds of good-paying jobs throughout the state."

More about Duane Arnold Energy Center

The Duane Arnold Energy Center operated safely and reliably for more than four decades before ceasing operations in 2020. NextEra Energy is pursuing the restart through a comprehensive regulatory, operational readiness and licensing process. Under the oversight of the U.S. Nuclear Regulatory Commission and other federal, state and local agencies, the company continues to conduct extensive inspections, engineering evaluations and readiness activities. In June, the Iowa Utilities Commission issued a certificate to NextEra Energy authorizing the construction and operation of Duane Arnold — another important milestone toward restarting the plant.

About NextEra Energy

NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America, the world's leader in renewables and storage and a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns the largest energy infrastructure development company in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including renewables, battery storage, nuclear and natural gas. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

Cautionary Statements and Risk Factors That May Affect Future Results

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (together with its subsidiaries, NextEra Energy) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's control. Forward-looking statements in this news release include, among others, statements concerning future financing activities and statements concerning growth strategies, capital investment opportunities and technology initiatives. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NextEra Energy and its business and financial condition are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, or may require it to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, those discussed in this news release and the following: effects of extensive regulation of NextEra Energy's business operations; inability of NextEra Energy to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy or changes in or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy; effects on NextEra Energy of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of its operations and businesses; effect on NextEra Energy of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy of adverse results of litigation; impacts of NextEra Energy of allegations of violations of law; effect on NextEra Energy of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities and other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy resulting from risks related to project siting, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy of a lack of growth, slower growth or a decline in the number of customers or in customer usage; planned productivity increases and competitive advantages through the use of artificial intelligence technologies may not be realized and the use of and reliance on artificial intelligence may present certain risks; impact on NextEra Energy of severe weather and other weather conditions; threats of terrorism and catastrophic events that could result from geopolitical factors, terrorism, cyberattacks or other attempts to disrupt NextEra Energy's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy's natural gas and oil production and transportation operations and cause NextEra Energy to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk of increased operating costs resulting from unfavorable supply costs necessary to provide full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's risk management tools associated with its hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas; exposure of NextEra Energy to credit and performance risk from customers, hedging counterparties and vendors; failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's information technology systems, or implementation challenges; risks to NextEra Energy's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability to maintain, negotiate or renegotiate acceptable franchise agreements; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with ownership and operation of nuclear generation facilities; liability of NextEra Energy for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's ability to fund its liquidity and capital needs and meet its growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability to maintain current credit ratings; reduced liquidity from the inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends, make distributions or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy's business. NextEra Energy discusses these and other risks and uncertainties in its annual report on Form 10-K for the year ended December 31, 2025 and other Securities and Exchange Commission (SEC) filings, and this news release should be read in conjunction with such SEC filings. The forward-looking statements made in this news release are made only as of the date of this news release and NextEra Energy undertakes no obligation to update any forward-looking statements.

SOURCE NextEra Energy, Inc.

NextEra Energy said it reached a deal with the U.S. Department of Energy, closing on a loan of up to $1.9 billion to support the restart of the company's Duane Arnold Energy Center in Iowa.

, /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that members of the senior management team will participate in various investor meetings throughout September and in early October to discuss, among other things, long-term growth-rate expectations. Investors and other interested parties can access a copy of the most recent presentation materials at www.NextEraEnergy.com/investors.

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns the largest energy infrastructure development company in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

Cautionary Statements and Risk Factors That May Affect Future Results

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's and FPL's control. Forward-looking statements in this news release include, among others, statements concerning long-term growth expectations. In addition, all statements other than statements of historical fact included or incorporated by reference in this news release, including, among other things, statements regarding the proposed business combination transaction between NextEra Energy and Dominion Energy, Inc., a Virginia corporation (Dominion Energy), and other aspects of NextEra Energy's, FPL's or Dominion Energy's operations or operating results, are forward-looking statements. In some cases, you can identify the forward-looking statements by words or phrases such as "ambition," "will," "may result," "expect," "anticipate," "estimate," "believe," "budget," "intend," "plan," "seek," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would," "estimate," "continue," "could," "objective," "guidance," "effort" or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance, outcomes or results and are subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy's, FPL's or Dominion Energy's control, that could cause actual performance, outcomes or results to differ materially from what is expressed or implied in the forward-looking statements, or may require them to limit or eliminate certain operations.

The risks and uncertainties relating to each of NextEra Energy's and FPL's businesses and financial condition include, but are not limited to, those discussed in this news release and the following: risks related to the pending merger with Dominion Energy, including restrictions on our operations during the pendency of the merger; the risk that any governmental or regulatory approval, consent or authorization that may be required for the proposed transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party's ability to pursue certain business opportunities or strategic transactions; the risk that we may not realize the anticipated benefits of the proposed transactions or successfully integrate the two companies; the anticipated impact of the proposed transactions on the combined company's business and future financial and operating results, the anticipated closing date for the proposed transactions; effects of extensive regulation of NextEra Energy's and FPL's business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy of NextEra Energy and FPL and their respective affiliated entities or changes in or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities and other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; planned productivity increases and competitive advantages through the use of artificial intelligence technologies may not be realized and the use of and reliance on artificial intelligence may present certain risks; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's and FPL's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy Resources, LLC's (NextEra Energy Resources) natural gas and oil production operations and cause NextEra Energy Resources to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources' full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's and FPL's risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's or FPL's information technology systems, or implementation challenges; risks to NextEra Energy's and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources' and FPL's ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources' or FPL's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's and FPL's ability to fund their liquidity and capital needs and meet their growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; reduction of NextEra Energy's and FPL's liquidity from the inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of NextEra Energy's and FPL's nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends, make distributions or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and the related effects on NextEra Energy's or FPL's businesses. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to NextEra Energy's, FPL's and Dominion Energy's respective periodic reports and other filings with the Securities and Exchange Commission (SEC), including, but not limited to, the risk factors contained in NextEra Energy's and FPL's, on the one hand, and Dominion Energy's, on the other, most recently filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q, the registration statement on Form S-4 (Registration No. 333-297351) filed by NextEra Energy with the SEC on July 9, 2026 (Registration Statement), which was declared effective by the SEC on July 23, 2026, and the definitive joint proxy statement/prospectus filed by NextEra Energy with the SEC on July 28, 2026 (definitive joint proxy statement/prospectus).

This news release should be read in conjunction with such SEC filings. Any forward-looking statements included in this news release represent current expectations, are inherently uncertain and are made only as of the date hereof (or, if applicable, the date(s) indicated in such statement). Except as required by law, neither NextEra Energy nor FPL undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.

No Offer or Solicitation
This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information about the Transactions and Where to Find It
In connection with the proposed transactions, NextEra Energy has filed with the SEC the Registration Statement, which includes a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra Energy. The Registration Statement was declared effective by the SEC on July 23, 2026. NextEra Energy filed the definitive joint proxy statement/prospectus with the SEC, and Dominion Energy filed a definitive proxy statement with the SEC, in each case, on July 28, 2026, and each of NextEra Energy and Dominion Energy commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about July 28, 2026. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the proposed transactions. This news release is not a substitute for the Registration Statement or the definitive joint proxy statement/prospectus or any other document that NextEra Energy or Dominion Energy may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PROPOSED TRANSACTIONS AND RELATED MATTERS.

Investors and security holders may obtain free copies of the Registration Statement, the definitive joint proxy statement/prospectus and other documents containing important information about NextEra Energy, Dominion Energy and the proposed transactions filed or that will be filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy are available free of charge on NextEra Energy's website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy's Investor Relations Department by email at [email protected] or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy are available free of charge on Dominion Energy's website at http://investors.dominionenergy.com or by contacting Dominion Energy's Investor Relations Department by email at [email protected] or by phone at (804) 819-2438.

SOURCE NextEra Energy, Inc.

Oracle is undercutting AWS on price and piling up a backlog that defies expectations, but one of these cloud giants is bleeding cash to get there. The question is whether a discount challenger can actually dethrone the incumbent before its…

Oracle (NYSE:ORCL | ORCL Price Prediction) and Amazon (NASDAQ:AMZN) both closed fresh quarters that reframe the cloud pecking order. Oracle is signing hyperscale AI contracts at a pace that squeezes AWS from below on price. Comparing the two is a debate about who sets AI infrastructure pricing for the next decade.

OCI Sprints. AWS Compounds. Oracle’s Q4 FY2026 showed cloud infrastructure revenue climbing 93% year over year to $5.79 billion, with total remaining performance obligations exploding to $638 billion, up 363%. Of that backlog, $75 billion is tied to bring-your-own-hardware or prepaid GPU deals. Global GPU utilization sits at 97.5%, suggesting demand is real.

Amazon’s Q2 answered with muscle. AWS revenue reached $42.23 billion, up 37%, the fastest growth in 18 quarters, at a 39.4% operating margin. CEO Andy Jassy said AI and Chips each cleared $25 billion annualized run rates, and AWS backlog reached $496 billion.

Discount Hyperscaler Meets the Incumbent Lens Oracle Amazon (AWS) Core Bet Chip-neutral, customer-funded GPUs Custom silicon (Trainium, Graviton) Pricing Angle Lowest-cost infrastructure, outcome-based Graviton 30% to 40% better price performance Capital Load FY26 free cash flow -$23.69B TTM free cash flow -$7.6B Key Vulnerability Debt raise near $40B in FY27 Enterprise price pressure from OCI Oracle’s pitch is that customers can prepay, bring their own GPUs, and access Oracle’s operations layer. Multicloud database revenue jumped 404% in Q4, embedded inside AWS, Google, and Microsoft regions. Amazon’s counter is vertical: Graviton is used by 98% of AWS’s top 1,000 EC2 customers, and Anthropic plus OpenAI have made multi-gigawatt Trainium commitments.

Margin Math Is the Next Referee Watch whether Oracle’s promised high-20s ROIC at the project level shows up as gross margin recovers. Q1 FY27 guidance calls for cloud revenue growth of 58% to 64%. Track whether AWS holds that 39% margin as Oracle’s pricing bleeds into enterprise renewal talks. Amazon’s Q3 operating income guide of $22.5B to $26.5B is the first test.

Why I Lean Toward AWS for Now, With One Eye on Oracle I trust the AWS cash engine more today. Oracle stock is down 27.98% over one year, and the FY27 financing plan of roughly $40 billion in debt and equity gives me pause. Amazon, up 9.69% over one year, funds its buildout from operating cash flow across retail, ads, and AWS. Oracle offers higher-variance turnaround torque if the RPO converts cleanly, while AWS offers scale, silicon, and margin durability.

Contact [email protected] for any questions or corrections.

A Morgan Stanley price target raise just reignited the AI cloud infrastructure trade, sending Oracle surging on a day when the broader market slipped into the red. Whether the rally reflects genuine conviction or a short-term narrative reset is the…

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AI cloud infrastructure names are moving higher Tuesday morning after a sell-side re-rating on Oracle (NYSE:ORCL | ORCL Price Prediction) reignited enthusiasm across GPU cloud peers. Morgan Stanley’s price target raise is the day’s catalyst, and it’s pulling CoreWeave (NASDAQ:CRWV) along with it as investors extend their AI infrastructure exposure across both hyperscale and pure-play GPU cloud names.

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.12%, so cloud infrastructure names are rising against a softer tape. No dedicated cloud sector fund carried a same-day figure, so the broad-market benchmark alone anchors the framing contrast today.

Oracle stock is up 5% to $167.15 in early trading. Meanwhile, CoreWeave stock is up 3% to $92.20 on the same AI infrastructure tailwind.

Morgan Stanley Price Target Raise Lifts Oracle Morgan Stanley raised its Oracle price target, and that’s the trigger behind Tuesday’s move. The raise validates the market’s AI infrastructure spending case and lifts sentiment around Oracle’s cloud pipeline heading into a fresh reporting window.

Oracle’s most recent earnings offer a constructive backdrop. Its Q4 FY2026 report on June 10 showed Cloud Infrastructure revenue up 93% year over year (YoY) to $5.79 billion, and its Remaining Performance Obligations surged 363% to $638 billion.

That RPO figure includes $75 billion tied to prepaid or customer-supplied GPU AI contracts. Oracle’s management confirmed a $90 billion FY2027 revenue target and raised non-GAAP EPS guidance to $8.05.

On the financing side, the bear case still sits with the capital plan. Oracle plans to raise approximately $40 billion through debt and equity in FY2027, and its free cash flow was negative $23.7 billion for FY2026 on $55.7 billion of capex. A Morgan Stanley re-rating tells investors the sell-side is now willing to underwrite that capital plan against expected AI cloud revenue growth.

Two Different Year-to-Date Stories Oracle stock was down 14% year to date (YTD) through Monday’s close, so today’s gain reads as a recovery move off a weak year. At the same time, CoreWeave stock was up 28% YTD, so its participation extends an already-strong run.

That gap matters for how investors size their exposure. For CoreWeave, whose Q2 2026 revenue reached $2.6 billion, up 112% YoY, and whose backlog sits near $104 billion, today’s move layers onto elevated AI infrastructure enthusiasm (we profiled seven suppliers powering that data-center buildout beyond the chipmakers in a free report here). Oracle, by contrast, gets a narrative refresh from the sell-side re-rating after a rough stretch that saw shares fall well off their 52-week high of $341.82.

CoreWeave’s own capex profile mirrors Oracle’s in intensity if not scale. Its full-year 2026 capex guidance stands at $35 billion to $39 billion, and management raised its year-end active-power expectation to more than 1.85 gigawatts. CEO Michael Intrator stated, “Demand continues to intensify as the market broadens across sectors, geographies, workloads and generations of GPU architecture.”

Cloud Scorecard Ticker Session Move YTD ORCL up 5% down 14% CRWV up 3% up 28% Snowflake (NYSE:SNOW) is the third leg of the enterprise AI infrastructure trade, but it’s playing a sideline role today. The stock gave back ground late last week after its own guidance-driven run, which puts the cloud group’s second leg squarely in Oracle’s hands today.

The Snowflake setup still supports the broader narrative. Its Q2 FY2027 report on September 2 delivered revenue of $1.55 billion, up 35.1% YoY, non-GAAP EPS of $0.62, and raised FY2027 product revenue guidance to $6.07 billion. CEO Sridhar Ramaswamy stated, “AI is bringing new workloads onto the platform.”

What to Watch Next Traders can watch for a hold above Tuesday’s opening levels into the close, particularly given Oracle’s still-negative year-to-date print and its scheduled Q1 FY2027 earnings release, which Oracle confirmed on September 2. That report is the next hard catalyst for the AI cloud infrastructure case, and it’s where reported cloud growth and RPO trends can either extend or unwind today’s move.

The gap between narrative and reported results is where the risk sits. Shareholders sizing their positions may want to keep their AI infrastructure allocations moderate given the capex intensity underlying both Oracle and CoreWeave, and pair their incremental exposure with defined risk parameters.

Oracle’s next earnings report will be a key confirmation point for the RPO trajectory the sell-side is now underwriting. This single figure has driven the AI cloud narrative all year, and any deceleration could test the multiple Morgan Stanley is now willing to pay.

Contact [email protected] for any questions or corrections.

The past year has been a forgettable one for Oracle (ORCL +2.35%) investors, as shares of the cloud computing infrastructure provider have slipped 32% over this period. The tech-laden Nasdaq Composite index, meanwhile, has gained 22% over the past year.

Oracle's poor returns during this period can be attributed to its rising debt and dwindling free cash flow. The company is aggressively building artificial intelligence (AI) data centers to meet the tremendous demand for its cloud infrastructure, which runs AI workloads and database services.

While Oracle's rising capital spending has been a source of concern for investors, I won't be surprised to see it coming out of the rut it is in because of one simple reason -- a massive revenue backlog. Let's see why Oracle's backlog can make it one of the top-performing AI stocks on the market for the next couple of years.

Image source: Getty Images.

Oracle's enormous backlog is going to supercharge growth Oracle released its fiscal 2026 results (for the year ended May 31) on June 10. The company reported a 17% jump in annual revenue to a record $67.4 billion, driven primarily by a 77% increase in its cloud infrastructure revenue to $18.1 billion.

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However, the most important metric in Oracle's fiscal 2026 earnings report was its remaining performance obligation (RPO), the total value of contracts the company has yet to fulfill. Oracle's RPO shot up to $638 billion in fiscal Q4, up by a whopping $500 billion from the year-ago period.

Oracle CFO Hilary Maxson remarked on the company's June earnings call:

This unprecedented level of RPO provides exceptional visibility into our future revenue growth, all supported by long term contractual customer commitments and reflects the strong customer demand we see across both AI infrastructure and cloud services. To give a bit more detail on our RPO, we expect 12% to be recognized in the next 12 months and another 34% between 13 and 36 months.

So, Oracle is on track to accelerate the conversion of its backlog into revenue over the next three years. Maxson's estimate suggests that Oracle will recognize nearly $77 billion in revenue from its RPO in fiscal 2027. It then expects to convert $217 billion of the RPO into revenue in fiscal 2028 and 2029, translating into an annual run rate of $108 billion.

So, Oracle's aggressive infrastructure investments will bear fruit over the next couple of years, setting the company up for healthy growth in revenue and earnings as it accelerates the conversion of RPO into revenue. Not surprisingly, Oracle anticipates that its revenue in fiscal 2027 will increase by 34% to just over $90 billion. That's double Oracle's growth rate in fiscal 2026.

Analysts anticipate Oracle's growth rate to accelerate in fiscal 2028, which isn't surprising, followed by another strong improvement in fiscal 2029.

Data by YCharts

At the same time, Oracle is taking steps to ensure that it keeps capital expenses under check going forward. That's the reason why the company is now asking customers for prepayment or to bring their own hardware. Oracle signed $67 billion in new contracts in the fourth quarter of fiscal 2026, and noted that the majority of that figure was either prepaid or fell under the bring-your-own-hardware category.

Oracle also pointed out that it has $75 billion in contracts in the prepaid and bring-your-own-hardware categories. More importantly, Oracle notes that these contracts have "no degradation in margin compared to our other contracts."

Also, Oracle expects its gross margin profile to improve in the future as it begins recognizing more revenue from its RPO. This should ideally translate into stronger growth in Oracle's earnings, paving the way for a solid jump in the company's stock price over the next couple of years.

Strong earnings growth and a cheap valuation point toward terrific upside Analysts are expecting Oracle's earnings to increase by just 5% in fiscal 2027 to $8.06 per share. That's a step down from the 27% increase in the company's non-GAAP earnings per share in fiscal 2026. This near-term drop in Oracle's earnings growth can be attributed to the company's investments in AI data center infrastructure.

However, the good news is that Oracle's bottom-line growth is poised to accelerate next year, driven by its solid backlog.

Data by YCharts

The step-up in Oracle's earnings-per-share growth from just 5% this year to 43% in fiscal 2029 (ending in May 2029) could lead the market to reward the stock with a premium valuation. Oracle is trading at 19 times forward earnings, a discount to the Nasdaq-100 index's forward earnings multiple of 25.

Assuming Oracle stock trades in line with the index's forward earnings multiple after three years and its earnings per share reach $15.69, the company's share price could reach $396. That's almost 2.5x Oracle's current stock price, suggesting big upside over the next three years that could make it one of the best-performing AI stocks through 2028 and beyond.

However, larger gains can't be ruled out, as Oracle could command a premium valuation, so investors should consider buying the stock while it trades at an attractive level.

Tech Stocks‘It looks like OpenAI is turning things around,’ and that’s seen as good news for Oracle, which has a lot riding on the ChatGPT creator’s successUpdated

Investors see Oracle’s fate as heavily tied to OpenAI’s, so it’s good news that the latest ChatGPT model seems to be resonating with users and technology experts.

OpenAI launched ChatGPT-6 Astra last week. The reception online suggests the ChatGPT creator is retaking the crown in an ever-evolving race to create the best artificial-intelligence models. While earlier versions of ChatGPT put AI on the map for many users, Anthropic and Alphabet’s GOOG GOOGL Google have won acclaim for their own models at times over the past few years.

Oracle (ORCL +2.35%) stock jumped 3.4% through 11:30 a.m. ET this morning after not one, not two, but three separate analysts chimed in with endorsements of the tech stock ahead of its upcoming fiscal Q1 2027 earnings report, due to come out after close of trading on Thursday, Sept. 10.

In quick succession, first Oppenheimer analyst Brian Schwartz estimated Oracle stock is worth $275 a share, then Mizuho analyst Siti Panigrahi said $320, followed by Guggenheim analyst John DiFucci setting a $400 price target.

Oracle stock currently costs less than $165.

Image source: The Motley Fool.

Why Wall Street loves Oracle stock All three analysts agree Oracle stock will outperform the stock market over the next 12 months.

Oppenheimer notes that software demand is "strong," while on artificial intelligence, Oracle has an additional gigawatt of capacity coming online, "which could support higher FY27 guidance" as well. Mizuho points out that throughout fiscal 2026, Oracle added only 1.2 GW of AI compute, so adding another gigawatt in Q1 alone suggests things are accelerating.

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What Wall Street worries about Oracle That said, all three analysts admitted to worrying about Oracle's massive capital spending to build out its AI capabilities, the debt Oracle might need to take on to do so, and the stock sales the company will conduct to raise even more cash.

Guggenheim, in particular, advised investors to focus on how much of Oracle's planned $20 billion in fundraising has already taken place in Q1 (i.e., how much more debt Oracle will need to undertake in future quarters). DiFucci says he expects Oracle may need to raise up to $40 billion this year (i.e., twice the amount already expected), with some coming from stock sales.

And Oracle will need even more money in 2028 than in 2027. Caveat investor.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy.

Nvidia (NASDAQ:NVDA) CEO Jensen Huang declared over the weekend that “AGI has arrived,” pointing to OpenAI’s newly launched GPT-6 Astra model as proof. 

OpenAI president Greg Brockman offered a softer version of the same claim, stating that the company is “now moving into the AGI era.”

However, OpenAI has stopped short of a formal AGI declaration, and researchers behind the ARC-AGI benchmark OpenAI cited say a strong score isn’t proof of the real thing.

Whether the label sticks or not, Oracle Corp. (NYSE:ORCL) is the clearest publicly traded proxy for the infrastructure behind the claim. 

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The company’s $300 billion, five-year compute deal with OpenAI powers the Stargate data-center buildout, while OpenAI trained Astra on more than 100,000 Nvidia GPUs—the same type of chips Oracle is racing to deploy across its cloud infrastructure. 

The OpenAI connection puts Oracle’s earnings, due after the close on Thursday, squarely in focus. Analysts expect fiscal first-quarter EPS of $1.74 on revenue of about $19.14 billion, with cloud revenue growth projected at 58%-64%. 

The report will be the first full look at how the OpenAI contract — a chunk of the $455 billion in remaining performance obligations Oracle disclosed last quarter — is translating into actual cloud revenue.

Oracle stock closed at $158.78 Friday, still down roughly 54% from the $345.72 52-week high hit last September when the OpenAI deal was first announced, though up sharply from a $114.50 low set in late July. 

Wall Street remains broadly bullish, according to Benzinga data: the consensus 12-month price target sits at $263. This implies more than 50% upside from current levels, with targets ranging from a bearish $145 to a bullish $400. 

Skeptics point to real risk in the gap between the price targets. 

Moody’s has flagged counterparty risk given OpenAI’s roughly $12 billion in annualized revenue against a $300 billion commitment, and Oracle’s own capex ramp — guided toward $35 billion-plus for fiscal 2026 — has raised cash-burn concerns even as bulls argue the backlog justifies it.

With Thursday’s earnings the next real test of whether the backlog converts to results, Oracle is shaping up as one stock where the AGI narrative meets the balance sheet.

ORCL Stock Price Activity: Oracle stock was up 2.47% to $162.69 at the time of publication on Tuesday, according to data from Benzinga Pro.

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