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BROOKFIELD, News, July 31, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (“Brookfield Renewable Partners”, "BEP") today reported financial results for the three months ended June 30, 2026.

“We delivered record financial results, robust capital deployment, and the highest levels of development and asset recycling in our history,” said Connor Teskey, CEO of Brookfield Renewable.

He added, “Energy demand continues to grow at unprecedented levels with customers increasingly seeking scale, integrated power solutions. Our diversified global business and leading capabilities across hydro, solar, wind, storage and nuclear enables us to accelerate our growth in this environment. With the recent acquisition of Aypa, the largest standalone battery storage platform in North America, we continue to enhance Brookfield Renewable’s position as the partner of choice for the largest corporate and sovereign buyers of power.”

  For the three months
ended June 30 For the twelve months
ended June 30 US$ millions (except per unit amounts), unaudited 2026  2025  2026  2025  Net loss attributable to Unitholders$(213) (112) (152) (499)    - per LP unit(1) (0.37) (0.22) (0.89) (0.96) Funds From Operations (FFO)(2) 421  371  1,444  1,268     - per Unit(2)(3) 0.62  0.56  2.14  1.91  
Brookfield Renewable reported record FFO of $421 million or $0.62 per unit, up 13% or 11% per unit year-over-year, benefiting from strong operating performance, asset recycling activity and growth from asset development. In the last twelve months, Brookfield Renewable reported FFO of $1,444 million, or $2.14 per unit, up 14% or 11% per unit, compared to the prior year period. After deducting non-cash depreciation and other expenses, our Net loss attributable to Unitholders for the three months ended June 30, 2026 was $213 million.

Strong Financial Performance

Our business delivered another quarter of strong financial results, reflecting our diversified portfolio and continued execution across our growth and capital recycling initiatives.

Our hydroelectric segment delivered FFO of $336 million, driven by strong generation from our Canadian fleet, robust performance of our Colombian business and realized gains on the sale of a 25% interest in non-core U.S. hydro assets, which more than offset weaker hydrology in the U.S.Our wind and solar segments generated combined FFO of $166 million, supported by the build out of projects commissioned over the last year and realized gains.Our distributed energy, storage and sustainable solutions segments contributed FFO of $84 million, driven by contributions from development activities and strong performance from Westinghouse, with increasing activity across new-build projects and reactor restarts as global demand for nuclear power continues to accelerate.
We are executing on our growth priorities, committing or deploying ~$5 billion (~$760 million net to Brookfield Renewable) of capital, including agreeing to acquire the largest standalone battery storage platform in North America.

We announced an agreement to acquire Aypa, the largest standalone battery energy storage platform in North America for ~$3 billion (~$420 million net to Brookfield Renewable). Aypa has ~3,000 megawatts of highly contracted operating and under construction battery storage assets, an additional ~3,500 megawatts of contracted projects and a further +20-gigawatt development pipeline in strategic markets across the United States. This acquisition adds to our leading storage capabilities as battery storage is an increasingly critical component of the energy mix, enabling the deployment of low-cost, fast-to-market renewable generation and enhancing grid reliability. In addition, the acquisition of Aypa enhances our ability to meet growing customer demand for reliable, integrated power solutions.The quarter was also highlighted by the U.S. Department of Energy's commitment of $17.5 billion in loan facilities to finance long-lead equipment for the deployment of up to 10 large scale Westinghouse AP1000 reactors in the United States. The financing will accelerate project delivery by supporting early equipment procurement; reducing execution risk and strengthening the domestic nuclear supply chain.During the quarter, we were successful delivering ~1,280 megawatts of new capacity bringing our completed new capacity so far this year to ~3,100 megawatts, the highest first half development total in our history. We also continue to scale new build construction and remain on track to deliver ~10,000 megawatts of new projects per year by 2027.We executed power purchase agreements for ~2,600 megawatts of development projects from our advanced pipeline and continue to advance a number of major contracting initiatives, including a portfolio of hydro assets in Ontario as part of a broader re-contracting program run by the provincial system operator that will help secure cash flows with respect to these assets.
We continue to execute on our capital recycling strategy, generating record proceeds to start the year, including approximately ~$2.2 billion (~$630 million net to Brookfield Renewable) of expected proceeds from signed or closed transactions during the quarter at strong returns.

During the quarter, we signed an agreement to sell a 570-megawatt portfolio of operating solar and wind assets from our European development businesses to a newly formed European renewable power platform. The transaction will generate approximately $500 million (~$80 million net to Brookfield Renewable) of proceeds, crystallizing value created through our operating and development activities. We also established a framework to sell additional operating assets over time to the platform. This transaction represents another example of our programmatic capital recycling strategy, following the successful launch of a North American platform, Northview Energy, earlier this year.We closed two-thirds of the sale of ~2,100 megawatts of assets to the Northview Energy platform, and closed the remaining third subsequent to quarter-end. Also during the quarter we completed the sale of an additional 25% interest in a non-core U.S. hydro portfolio in Maine, with the remaining 25% expected to close in the third quarter of 2026. Total proceeds from the sale of 100% of these sales is expected to be ~$2.2 billion (~$800 million net to Brookfield Renewable).We agreed to sell a portfolio of solar assets that we developed and small non-core hydro assets from our Isagen business in Colombia across two transactions for ~$590 million in expected proceeds (~$220 million net to Brookfield Renewable). The transactions will crystallize development gains and value creation across our hydro fleet through the extension of contracts and operational improvements.
We maintain a strong liquidity position and further optimized our balance sheet during the quarter, completing financings that enhance our financial flexibility and position us to continue to invest significantly into accretive growth opportunities.

During the quarter, we completed approximately $12 billion of financings across our business, reflecting continued strong access to capital markets and ended the quarter with over $5.1 billion of available liquidity across our platform, providing flexibility to fund our development pipeline and pursue growth opportunities.We completed the largest private placement financing in our history through the refinancing of our Safe Harbor hydro portfolio, securing $1.2 billion of attractive long-term financing while further optimizing the capital structure of the portfolio.We completed a €650 million bond issuance at Neoen, further demonstrating our ability to efficiently access capital across our platforms.At the corporate level, we completed a C$200 million preferred unit issuance that was upsized in response to strong investor demand and priced with a 5.75% coupon, achieving our second-lowest reset spread ever for this type of instrument.During the quarter, we continued to execute our BEPC at-the-market equity issuance program alongside our normal course issuer bid. We issued approximately 3.2 million BEPC shares and repurchased the same number of BEP units on a one-for-one basis, generating approximately $8 million of incremental cash to support future growth investments.
We recently approved plans to simplify Brookfield Renewable's corporate structure by combining BEP and BEPC into a single publicly traded corporation.

We expect the simplification to be tax-deferred for Canadian and U.S. investors and benefit all securityholders by improving trading liquidity, increasing demand from index funds and ETFs, simplifying investor analysis, broadening access to investors who prefer a traditional corporate structure and enhancing governance. For BEP unitholders, the simplification will also eliminate onerous partnership tax reporting forms, while also providing preferential dividend tax rates for many Canadian and U.S. taxable investors.A special meeting for securityholders to vote on the simplification will be held on October 14, 2026, and subject to approvals and closing conditions, the simplification transaction is expected to be completed in the fourth quarter of 2026. Investor Day

We look forward to hosting our Investor Day on September 29th, 2026 in Toronto where members of Brookfield Renewable's senior management team will provide an update on our strategic priorities and growth outlook.
Distribution Declaration

The next quarterly distribution in the amount of $0.392 per LP unit, is payable on September 29, 2026 to unitholders of record as at the close of business on August 31, 2026. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BEPC has declared an equivalent quarterly dividend of $0.392 per share, also payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026.

The quarterly dividends on BEP's preferred shares and preferred LP units have also been declared.

Conference Call and Quarterly Earnings Details

Investors, analysts and other interested parties can access Brookfield Renewable’s Second Quarter 2026 Results as well as Supplemental Information on Brookfield Renewable’s website.

To participate in the Conference Call on July 31, 2026 at 9:00 a.m. ET, please pre-register at https://register-conf.media-server.com/register/BI89bfdf0556c34d6bb3455df1fe062620

Upon registering, you will be emailed a dial-in number and unique PIN. The Conference Call will also be webcast live at https://edge.media-server.com/mmc/p/htnqsajs

Brookfield Renewable

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

Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management.

Please note that Brookfield Renewable’s previous audited annual and unaudited quarterly reports filed with the U.S. Securities and Exchange Commission (“SEC”) and securities regulators in Canada, are available on our website at https://bep.brookfield.com, on SEC’s website at http://www.sec.gov and on SEDAR+’s website at www.sedarplus.ca. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

Contact information: Media:Investors:Simon MaineAlex JacksonManaging Director – CommunicationsVice President – Investor Relations+44 (0)7398 909 278(416)[email protected]@brookfield.com
Brookfield Renewable Partners L.P.Consolidated Statements of Financial Position  As ofUNAUDITED
(MILLIONS)
June 30December 312026
2025
Assets    Cash and cash equivalents $1,971 $2,093Trade receivables and other financial assets(4)  9,364  8,458Equity-accounted investments  3,714  4,087Property, plant and equipment, at fair value and Goodwill  75,656  76,475Deferred income tax and other assets(5)  6,040  7,588Total Assets $96,745 $98,701     Liabilities    Corporate borrowings(6) $4,882 $3,686Borrowings which have recourse only to assets they finance(7)  32,050  31,206Accounts payable and other liabilities(8)  14,556  19,440Deferred income tax liabilities  9,409  9,395     Equity    Non-controlling interests    Participating non-controlling interests – in operating subsidiaries$25,395 $24,164 General partnership interest in a holding subsidiary held by Brookfield 50  52 Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield 2,423  2,524 BEPC exchangeable shares and class A.2 exchangeable shares 2,312  2,330 Preferred equity 545  563 Perpetual subordinated notes 737  737 Preferred limited partners' equity 647  634 Limited partners' equity 3,739 35,848 3,970 34,974Total Liabilities and Equity $96,745 $98,701 Brookfield Renewable Partners L.P.Consolidated Statements of Operating Results FOR THE PERIODS ENDED JUNE 30Three Months Ended Six Months EndedUNAUDITED
(MILLIONS, EXCEPT AS NOTED) 2026  2025   2026  2025 Revenues$1,710 $1,692  $3,224 $3,272 Other income 246  62   384  232 Direct operating costs(9) (783) (699)  (1,562) (1,374)Management service costs (77) (56)  (150) (105)Interest expense (658) (624)  (1,297) (1,233)Share of earnings (losses) from equity-accounted investments 45  (57)  66  (73)Foreign exchange and financial instrument gain 4  255   224  504 Depreciation (558) (609)  (1,106) (1,192)Other (221) (61)  (405) (322)Income tax recovery (expense)     Current 46  16   34  57 Deferred (41) 181   6  226 Net (loss) income$(287)$100  $(582)$(8)Net (loss) income attributable to preferred equity, preferred limited partners' equity, perpetual subordinated notes and non-controlling interests in operating subsidiaries$(74)$212  $(140)$301 Net loss attributable to Unitholders (213) (112)  (442) (309)Basic and diluted loss per LP unit$(0.37)$(0.22) $(0.77)$(0.58) Brookfield Renewable Partners L.P.Consolidated Statements of Cash Flows      FOR THE PERIODS ENDED JUNE 30Three Months Ended Six Months EndedUNAUDITED
(MILLIONS) 2026  2025   2026  2025 Operating activities     Net (loss) income$(287)$100  $(582)$(8)Adjustments for the following non-cash items:     Depreciation 558  609   1,106  1,192 Unrealized foreign exchange and financial instrument gain (15) (301)  (233) (489)Share of (earnings) losses from equity-accounted investments (45) 57   (66) 73 Deferred income tax expense (recovery) 41  (181)  (6) (226)Other non-cash items 154  104   341  175   406  388   560  717 Net change in working capital and other(10) 120  (9)  117  49   526  379   677  766 Financing activities     Net corporate borrowings —  (107)  359  200 Corporate credit facilities, net (147) 169   53  (71)Non-recourse borrowings, commercial paper, and related party borrowings, net 322  2,353   (451) 4,661 Capital contributions from participating non-controlling interests – in operating subsidiaries, net 535  999   2,367  1,367 Issuance of equity instruments and related costs, net 8  (7)  36  (34)Issuance of preferred equity instruments and related costs, net 141  —   13  — Distributions paid:     To participating non-controlling interests - in operating subsidiaries (660) (568)  (1,093) (811)To unitholders of Brookfield Renewable or BRELP (306) (281)  (621) (564)  (107) 2,558   663  4,748 Investing activities     Acquisitions, net of cash and cash equivalents in acquired entity —  (1,686)  —  (4,429)Investment in property, plant and equipment (1,326) (1,478)  (2,584) (3,024)Disposal of associates and other assets 716  266   1,332  723 Restricted cash and other 67  (168)  (149) (127)  (543) (3,066)  (1,401) (6,857)Cash and cash equivalents     Decrease (124) (129)  (61) (1,343)Foreign exchange gain on cash 3  65   —  121 Net change in cash classified within assets held for sale (32) 16   (61) (6)Balance, beginning of period 2,124  1,955   2,093  3,135 Balance, end of period$1,971 $1,907  $1,971 $1,907 
PROPORTIONATE RESULTS FOR THE THREE MONTHS ENDED JUNE 30

The following chart reflects the generation and summary financial figures on a proportionate basis for the three months ended June 30:

 (GWh)  (MILLIONS) Renewable Actual
Generation  Renewable LTA
Generation  Revenues  Adjusted EBITDA(2)  FFO(2) 20262025  20262025   2026 2025   2026 2025    2026  2025 Hydroelectric5,5645,668  5,9485,452  $543$457  $488$301   $336 $205 Wind2,1282,117  2,3642,405   141 146   88 126    50  84 Utility-scale solar1,3851,349  1,6501,569   137 126   156 135    116  100 Distributed energy & storage301408  189393   44 67   47 57    40  44 Sustainable solutions——  ——   153 178   52 85    44  74 Corporate——  ——   — —   — (4)   (165) (136)Total9,3789,542  10,1519,819  $1,018$974  $831$700   $421 $371 
PROPORTIONATE RESULTS FOR THE TWELVE MONTHS ENDED JUNE 30

The following chart reflects the generation and summary financial figures on a proportionate basis for the twelve months ended June 30:

 (GWh)  (MILLIONS) Renewable Actual
Generation  Renewable LTA
Generation  Revenues  Adjusted EBITDA(2)  FFO(2) 20262025  20262025   2026 2025   2026 2025    2026  2025 Hydroelectric18,79818,248  21,39719,758  $1,765$1,526  $1,290$940   $785 $550 Wind8,2908,554  9,4349,635   586 616   477 629    302  464 Utility-scale solar4,8824,178  5,8204,967   481 425   577 487    424  360 Distributed energy & storage1,2351,420  9531,206   229 234   409 311    363  266 Sustainable solutions——  ——   607 571   184 186    149  154 Corporate——  ——   — —   23 (24)   (579) (526)Total33,20532,400  37,60435,566  $3,668$3,372  $2,960$2,529   $1,444 $1,268 
RECONCILIATION OF NON-IFRS MEASURES

The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the three months ended June 30, 2026:

(MILLIONS) Hydroelectric  Wind  Utility-
scale
solar  Distributed
energy &
storage  Sustainable
solutions  Corporate  Total Net income (loss)$102 $(247)$(103)$49 $48 $(136)$(287)Add back or deduct the following:       Depreciation 173  218  119  48  —  —  558 Deferred income tax expense (recovery) 19  (18) 11  53  —  (24) 41 Foreign exchange and financial instrument loss (gain) 45  (11) 40  (50) (25) (3) (4)Other(11) 135  92  116  84  19  9  455 Management service costs —  —  —  —  —  77  77 Interest expense 244  166  120  51  —  77  658 Current income tax expense (recovery) 31  —  17  (94) —  —  (46)Amount attributable to equity-accounted investments and non-controlling interests(12) (261) (112) (164) (94) 10  —  (621)Adjusted EBITDA attributable to Unitholders$488 $88 $156 $47 $52 $— $831 
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the three months ended June 30, 2025:

(MILLIONS) Hydroelectric  Wind  Utility-
scale
solar  Distributed
energy &
storage  Sustainable
solutions  Corporate  Total Net income (loss)$64 $301 $(165)$(23)$47 $(124)$100 Add back or deduct the following:       Depreciation 170  224  143  61  11  —  609 Deferred income tax expense (recovery) 4  (205) (6) 39  —  (13) (181)Foreign exchange and financial instrument loss (gain) 21  (201) (33) (22) (28) 8  (255)Other(11) 16  (11) 109  19  20  14  167 Management service costs —  —  —  —  —  56  56 Interest expense 203  194  117  54  1  55  624 Current income tax expense (recovery) 7  —  31  (54) —  —  (16)Amount attributable to equity-accounted investments and non-controlling interests(12) (184) (176) (61) (17) 34  —  (404)Adjusted EBITDA attributable to Unitholders$301 $126 $135 $57 $85 $(4)$700 
RECONCILIATION OF NON-IFRS MEASURES (cont'd)

The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the twelve months ended June 30, 2026:

(MILLIONS) Hydroelectric  Wind  Utility-
scale
solar  Distributed
energy &
storage  Sustainable
solutions  Corporate  Total Net income (loss)$123 $(617)$(229)$418 $972 $(529)$138 Add back or deduct the following:       Depreciation 690  844  540  245  20  —  2,339 Deferred income tax (recovery) expense (28) (15) (129) 89  3  (65) (145)Foreign exchange and financial instrument loss (gain) 49  (231) (410) (277) (297) 12  (1,154)Other(11) 323  349  597  583  (567) 65  1,350 Management service costs —  —  —  —  —  268  268 Interest expense 887  640  545  175  3  271  2,521 Current income tax expense (recovery) 76  14  48  (365) —  1  (226)Amount attributable to equity-accounted investments and non-controlling interests(12) (830) (507) (385) (459) 50  —  (2,131)Adjusted EBITDA attributable to Unitholders$1,290 $477 $577 $409 $184 $23 $2,960 
The following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the twelve months ended June 30, 2025:

(MILLIONS) Hydroelectric  Wind  Utility-
scale
solar  Distributed
energy &
storage  Sustainable
solutions  Corporate  Total Net income (loss)$260 $328 $(339)$168 $178 $(454)$141 Add back or deduct the following:       Depreciation 645  844  467  197  30  —  2,183 Deferred income tax (recovery) expense (5) (229) (28) 62  5  (51) (246)Foreign exchange and financial instrument (gain) loss (58) (388) (292) (222) (201) 13  (1,148)Other(11) 58  226  626  215  71  41  1,237 Management service costs —  —  —  —  —  211  211 Interest expense 755  652  437  189  7  216  2,256 Current income tax expense (recovery) 86  (26) (48) (273) —  —  (261)Amount attributable to equity-accounted investments and non-controlling interests(12) (801) (778) (336) (25) 96  —  (1,844)Adjusted EBITDA attributable to Unitholders$940 $629 $487 $311 $186 $(24)$2,529 
RECONCILIATION OF NON-IFRS MEASURES (cont'd)

The following table reconciles the non-IFRS financial metrics to the most directly comparable IFRS measures or financial data. Net income is reconciled to Funds From Operations:

FOR THE PERIODS ENDED JUNE 30Three Months Ended Twelve Months EndedUNAUDITED
(MILLIONS) 2026  2025   2026  2025 Net (loss) income$(287)$100  $138 $141 Add back or deduct the following:     Depreciation 558  609   2,339  2,183 Deferred income tax expense (recovery) 41  (181)  (145) (246)Foreign exchange and financial instruments gain (4) (255)  (1,154) (1,148)Other(13) 455  167   1,350  1,237 Amount attributable to equity accounted investments and non-controlling interests(14) (342) (69)  (1,084) (899)Funds From Operations$421 $371  $1,444 $1,268 
The following table reconciles the per Unit non-IFRS financial metrics to the most directly comparable IFRS measures or financial data. Net income per LP unit is reconciled to Funds From Operations per Unit:

FOR THE PERIODS ENDED JUNE 30Three Months Ended Twelve Months EndedUNAUDITED
(MILLIONS) 2026  2025   2026  2025 Basic loss per LP unit(1)$(0.37)$(0.22) $(0.89)$(0.96)Adjusted for proportionate share of:     Depreciation 0.40  0.45   1.66  1.62 Deferred income tax recovery (0.07) (0.10)  (0.42) (0.20)Foreign exchange and financial instruments gain (0.06) (0.03)  (0.25) (0.31)Other(15) 0.72  0.46   2.04  1.76 Funds From Operations per Unit(3)$0.62 $0.56  $2.14 $1.91  BROOKFIELD RENEWABLE CORPORATION
REPORTS SECOND QUARTER RESULTS

All amounts in U.S. dollars unless otherwise indicated

The Board of Directors of Brookfield Renewable Corporation ("BEPC" or our "company") (NYSE, TSX: BEPC) today has declared a quarterly dividend of $0.392 per class A exchangeable subordinate voting share of BEPC (a "Share"), payable on September 29, 2026 to shareholders of record as at the close of business on August 31, 2026. This dividend is identical in amount per share and has identical record and payment dates to the quarterly distribution announced today by BEP on BEP's LP units.

The Shares of BEPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of Brookfield Renewable Partners L.P. ("BEP" or the "partnership") (NYSE: BEP; TSX: BEP.UN). We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BEP's LP units and each Share being exchangeable at the option of the holder for one BEP LP unit at any time. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BEP's LP units and the combined business performance of our company and BEP as a whole. In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review BEP's continuous disclosure filings available electronically on EDGAR on the SEC's website at www.sec.gov or on SEDAR+ at www.sedarplus.ca.

  For the three months ended
June 30 For the six months ended
June 30US$ millions, unaudited  2026   2025   2026   2025 Select Financial Information        Net loss attributable to the partnership $(790) $(1,410) $(2,976) $(1,405)Funds From Operations (FFO)(2)  299   198   470   337 
BEPC reported FFO of $299 million for the three months ended June 30, 2026, compared to $198 million in the prior year. After deducting non-cash depreciation, remeasurement of shares classified as financial liability, and other non-cash items, our Net loss attributable to the partnership for the three months ended June 30, 2026 was $790 million compared to a net loss of $1,410 million in the prior year. Adjusting for the remeasurement of financial liability associated with our exchangeable shares, the Net loss attributable to the partnership for the three months ended June 30, 2026 is $86 million compared to a loss of $134 million in the prior year.

We recently announced our intention to simplify Brookfield Renewable's corporate structure by combining BEP and BEPC into a single publicly traded corporation.

We expect the simplification to be tax-deferred for Canadian and U.S. investors and benefit all securityholders by improving trading liquidity, increasing demand from index funds and ETFs, simplifying investor analysis, broadening access to investors who prefer a traditional corporate structure and enhancing governance.

A special meeting for securityholders to vote on the simplification will be held on October 14, 2026, and subject to approvals and closing conditions, the simplification transaction is expected to be completed in the fourth quarter of 2026.

Brookfield Renewable CorporationConsolidated Statements of Financial Position As ofUNAUDITED
(MILLIONS)
June 30December 312026
2025
Assets    Cash and cash equivalents $756 $682Trade receivables and other financial assets(4)  4,142  3,230Equity-accounted investments  999  1,014Property, plant and equipment, at fair value and Goodwill  39,618  40,508Deferred income tax and other assets(5)  3,156  833Total Assets $48,671 $46,267     Liabilities    Borrowings which have recourse only to assets they finance(7) $15,420 $15,264Accounts payable and other liabilities(8)  5,744  4,171Deferred income tax liabilities  7,524  7,339Shares classified as financial liabilities  13,237  10,261     Equity    Non-controlling interests:    Participating non-controlling interests – in operating subsidiaries$9,728  $9,305  Participating non-controlling interests – in a holding subsidiary held by the partnership 341   333  The partnership (3,323) 6,746 (406) 9,232Total Liabilities and Equity $48,671 $46,267 Brookfield Renewable CorporationConsolidated Statements of Income (Loss)     FOR THE PERIODS ENDED JUNE 30 
UNAUDITED
(MILLIONS)
 Three Months Ended Six Months Ended  2026  2025   2026  2025        Revenues $1,076 $952  $1,959 $1,859 Other income  111  39   158  62 Direct operating costs(9)  (453) (353)  (868) (721)Management service costs  (45) (26)  (91) (49)Interest expense  (387) (425)  (760) (838)Share of earnings (losses) from equity-accounted investments  2  1   (4) (1)Foreign exchange and financial instrument loss  (13) (26)  (83) (47)Depreciation  (301) (319)  (595) (626)Other  (34) (15)  (48) (32)Remeasurement of financial liability associated with our exchangeable shares(16)  (704) (1,276)  (2,739) (1,053)Income tax (expense) recovery      Current  (42) (12)  (53) (48)Deferred  5  13   37  42 Net loss $(785)$(1,447) $(3,087)$(1,452)Net loss attributable to:      Non-controlling interests:      Participating non-controlling interests – in operating subsidiaries  9  (37)  (104) (47)Participating non-controlling interests – in a holding subsidiary held by the partnership  (4) —   (7) — The partnership  (790) (1,410)  (2,976) (1,405)  $(785)$(1,447) $(3,087)$(1,452) Brookfield Renewable CorporationConsolidated Statements of Cash Flows       FOR THE PERIODS ENDED JUNE 30
UNAUDITED
(MILLIONS)
 Three Months Ended Six Months Ended  2026  2025   2026  2025 Operating activities      Net loss $(785)$(1,447) $(3,087)$(1,452)Adjustments for the following non-cash items:      Depreciation  301  319   595  626 Unrealized foreign exchange and financial instruments (gain) loss  (2) 7   83  9 Share of (earnings) losses from equity-accounted investments  (2) (1)  4  1 Deferred income tax recovery  (5) (13)  (37) (42)Other non-cash items  14  6   33  57 Remeasurement of financial liability associated with our exchangeable shares(16)  704  1,276   2,739  1,053    225  147   330  252 Net change in working capital and other(10)  21  (8)  (27) (3)   246  139   303  249 Financing activities      Non-recourse borrowings and related party borrowings, net  (132) 73   (91) 225 Capital contributions from participating non-controlling interests, net  306  56   611  157 Issuance of exchangeable shares, net  122  —   237  — Distributions paid:      To participating non-controlling interests  (124) (303)  (408) (452)To the partnership  —  (5)  —  (5)   172  (179)  349  (75)Investing activities      Investment in property, plant and equipment  (277) (302)  (472) (550)Investment in equity-accounted investments  (45) (21)  (60) (41)Disposals of subsidiaries, associates and other securities, net  58  314   58  314 Restricted cash and other  (42) (27)  (83) (11)   (306) (36)  (557) (288)Cash and cash equivalents      Increase (decrease)  112  (76)  95  (114)Foreign exchange gain on cash  3  19   11  46 Net change in cash classified within assets held for sale  (10) (1)  (32) — Balance, beginning of period  651  614   682  624 Balance, end of period $756 $556  $756 $556 
RECONCILIATION OF NON-IFRS MEASURES

The following table reconciles Net income (loss) to Funds From Operations:

FOR THE PERIODS ENDED JUNE 30
UNAUDITED
(MILLIONS)
Three Months Ended Six Months Ended 2026  2025   2026  2025       Net loss$(785)$(1,447) $(3,087)$(1,452)Add back or deduct the following:     Depreciation 301  319   595  626 Deferred income tax recovery (5) (13)  (37) (42)Foreign exchange and financial instruments loss 13  26   83  47 Other(17) 170  17   273  67 Dividends on BEPC exchangeable, class A.2 exchangeable shares and exchangeable shares of BRHC(18) 73  133   144  296 Remeasurement of financial liability associated with our exchangeable shares(16) 704  1,276   2,739  1,053 Amount attributable to equity accounted investments and non-controlling interests(19) (172) (113)  (240) (258)Funds From Operations$299 $198  $470 $337 
Cautionary Statement Regarding Forward-looking Statements

This news release contains forward-looking statements and information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “will”, “intend”, “should”, “could”, “target”, “growth”, “expect”, “believe”, “plan”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the quality of Brookfield Renewable’s and its subsidiaries’ businesses and our expectations regarding future cash flows and distribution growth. They include statements regarding Brookfield Renewable’s anticipated financial performance, future commissioning of assets, contracted nature of our portfolio (including our ability to recontract certain assets), technology diversification, acquisition opportunities, expected completion of acquisitions, dispositions and other transactions, financing and refinancing opportunities, future energy prices and demand for electricity, global decarbonization targets, economic recovery, achieving long-term average generation, project development and capital expenditure costs, energy policies, economic growth, growth potential of the renewable asset class, reorganizations or other structural simplification transactions including our corporate simplification, the future growth prospects and distribution profile of Brookfield Renewable and Brookfield Renewable’s access to capital. Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, you should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Renewable to differ materially from those contemplated or implied by the statements in this news release include (without limitation) our inability to identify sufficient investment opportunities and complete transactions and strategic initiatives including our corporate simplification transaction; the growth of our portfolio and our inability to realize the expected benefits of our transactions or acquisitions; weather conditions and other factors which may impact generation levels at facilities; changes to government regulations, including incentives for renewable energy; adverse outcomes with respect to outstanding, pending or future litigation; economic conditions in the jurisdictions in which Brookfield Renewable operates; ability to sell products and services under contract or into merchant energy markets; ability to complete development and capital projects on time and on budget; inability to finance operations or fund future acquisitions due to the status of the capital markets; health, safety, security or environmental incidents; regulatory risks relating to the power markets in which Brookfield Renewable operates, including relating to the regulation of our assets, licensing and litigation; risks relating to internal control environment; contract counterparties not fulfilling their obligations; changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and other risks associated with the construction, development and operation of power generating facilities. For further information on these known and unknown risks, please see “Risk Factors” included in the most recent Form 20-F of BEP and in the most recent Form 20-F of BEPC and other risks and factors that are described therein. Certain risks and uncertainties specific to our corporate simplification transaction will be further described in the joint management information circular of BEP and BEPC to be delivered to security holders in advance of the special meetings to approve the simplification.

The foregoing list of important factors that may affect future results is not exhaustive. The forward-looking statements represent our views as of the date of this news release and should not be relied upon as representing our views as of any subsequent date. While we anticipate that subsequent events and developments may cause our views to change, we disclaim any obligation to update the forward-looking statements, other than as required by applicable law.

No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Regarding Use of Non-IFRS Measures

This news release contains references to FFO and FFO per Unit, which are not generally accepted accounting measures under IFRS and therefore may differ from definitions of Adjusted EBITDA, FFO and FFO per Unit used by other entities. We believe that FFO and FFO per Unit are useful supplemental measures that may assist investors in assessing the financial performance and the cash anticipated to be generated by our operating portfolio. None of FFO and FFO per Unit should be considered as the sole measure of our performance and should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS. For a reconciliation of FFO and FFO per Unit to the most directly comparable IFRS measure or financial data, please see “Reconciliation of Non-IFRS Measures - Three Months Ended June 30” included elsewhere herein and “Financial Performance Review on Proportionate Information - Reconciliation of Non-IFRS Measures” included in our unaudited Q2 2026 interim report. For a reconciliation of FFO and FFO per Unit to the most directly comparable IFRS measure or financial data, please see “Reconciliation of Non-IFRS Measures - Three Months Ended June 30” included elsewhere herein and “Financial Performance Review on Proportionate Information - Reconciliation of Non-IFRS Measures” included in our unaudited Q2 2026 interim report.

References to Brookfield Renewable are to Brookfield Renewable Partners L.P. together with its subsidiary and operating entities unless the context reflects otherwise.

Endnotes

(1)  For the three months ended June 30, 2026, average LP units totaled 302.3 million (2025: 283.8 million). For the twelve months ended June 30, 2026, average LP units totaled 296.7 million (2025: 284.7 million).

(2)  Non-IFRS measures. Refer to “Cautionary Statement Regarding Use of Non-IFRS Measures”.

(3)  Average Units outstanding for the three months ended June 30, 2026 were 684.3 million (2025: 661.9 million), being inclusive of GP interest, Redeemable/Exchangeable partnership units, LP units, BEPC exchangeable shares and class A.2 exchangeable shares. The actual Units outstanding as at June 30, 2026 were 684.2 million (2025: 661.9 million). Average Units for the twelve months ended June 30, 2026 was 676.0 million (2025: 662.8 million), being inclusive of our LP units, Redeemable/Exchangeable partnership units, BEPC exchangeable shares, class A.2 exchangeable shares and GP interest.

(4)  Balance includes restricted cash, trade receivables and other current assets, financial instrument assets, and due from related parties on the consolidated statements of financial of position.

(5)  Balance includes deferred income tax assets, assets held for sale, and other long-term assets on the consolidated statements of financial position.

(6)  Balance includes current and non-current portion of corporate borrowings on the consolidated statements of financial position.

(7)  Balance includes current and non-current portion of non-recourse borrowings on the consolidated statements of financial position.

(8)  Balance includes accounts payable and accrued liabilities, financial instrument liabilities, due to related parties, provisions, liabilities directly associated with assets held for sale and other long-term liabilities on the consolidated statements of financial position.

(9)  Direct operating costs exclude depreciation expense disclosed below.

(10)  Balance includes net change in working capital, dividends received from equity accounted investments and changes in due to or from related parties on the consolidated statements of cash flows.

(11)  Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations, recognized in the following line items of the IFRS statements: i) the "Other" line item on the consolidated statement of income (loss), ii) items recognized within Foreign exchange and financial instruments gain (loss) on the consolidated statement of income (loss), and iii) realized disposition gains and losses recognized within Other income on the consolidated statement of income (loss). Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects over the long-term and realized disposition gains and losses on equity transactions that are included within Adjusted EBITDA.

(12)  Amount attributable to equity accounted investments corresponds to the Adjusted EBITDA to Brookfield Renewable that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries, excluding amounts attributable to Unitholders. By adjusting Adjusted EBITDA attributable to non-controlling interest, Brookfield Renewable is able to remove the portion of Adjusted EBITDA earned at non-wholly owned subsidiaries that are not attributable to Brookfield Renewable.

(13)  Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term that are included in Funds From Operations.

(14)  Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries, excluding amounts attributable to Unitholders. By adjusting Funds From Operations attributable to non-controlling interest, Brookfield Renewable is able to remove the portion of Funds From Operations earned at non-wholly owned subsidiaries that are not attributable to Brookfield Renewable.

(15)  Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and Brookfield Renewable’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term that are included in Funds From Operations as well as amounts attributable to holders of Redeemable/Exchangeable partnership units, GP interest, BEPC exchangeable shares and class A.2 exchangeable shares.

(16)  Reflects gains (losses) on shares with an exchange/redemption option that are classified as liabilities under IFRS.

(17)  Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and the company's economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intent to hold over the long-term that are included in Funds from Operations.

(18)  Balance is included within interest expense on the consolidated statements of income (loss).

(19)  Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries. By adjusting Funds From Operations attributable to non-controlling interest, our company is able to remove the portion of Funds From Operations earned at non-wholly owned subsidiaries that are not attributable to our company.

(20)  Any references to capital refer to Brookfield's cash deployed, excluding any debt financing.

(21)  Available liquidity of over $5.1 billion refers to "Part 5 - Liquidity and Capital Resources" in the Management Discussion and Analysis in the Q2 2026 Interim Report.

Posted by Defense World Staff on Jul 31st, 2026

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,325,520 shares, an increase of 102.2% from the June 30th total of 5,601,968 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,960,196 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes A number of equities analysts have recently issued reports on SOLS shares. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Mizuho dropped their target price on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, BMO Capital Markets cut their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Check Out Our Latest Analysis on Solstice Advanced Mat

Solstice Advanced Mat Price Performance Shares of NASDAQ:SOLS opened at $57.39 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a market capitalization of $9.11 billion and a P/E ratio of 64.48. The firm’s 50 day simple moving average is $74.89 and its two-hundred day simple moving average is $74.66.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Research analysts expect that Solstice Advanced Mat will post 2.65 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat A number of hedge funds have recently made changes to their positions in SOLS. Vanguard Group Inc. purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $893,275,000. State Street Corp purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $245,276,000. Morgan Stanley bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $195,151,000. Madison Avenue Partners LP bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $135,172,000. Finally, UBS Group AG purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $130,269,000.

About Solstice Advanced Mat (Get Free Report)

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.

Further Reading Five stocks we like better than Solstice Advanced Mat Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.

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July 31, 2026 06:30 ET  | Source: nVent

LONDON, July 31, 2026 (GLOBE NEWSWIRE) -- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, reported second quarter 2026 financial results today through an earnings release posted on the company’s Investor Relations website at http://investors.nvent.com. The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available here. The company will also hold a conference call with analysts and investors at 9:00 a.m. ET.

Conference Call and Webcast Details

The call can be accessed via webcast at http://investors.nvent.com or by dialing 1-833-630-1071 or 1-412-317-1832. Once available, a replay of the conference call will be accessible through August 14, 2026, by dialing 1-855-669-9658 or 1-412-317-0088, along with the access code 3803194.

About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Investor Contact
Tony Riter
Vice President, Investor Relations
nVent
763.204.7750
[email protected]

Media Contact
Kevin H. King
Vice President, Global Communications
nVent
763.291.0526
[email protected]

The stock is also testing its 50-day moving average after retreating from July highs. That level could determine whether the recent pullback remains part of a longer-term uptrend or develops into a deeper correction.

Apple reported fiscal third-quarter revenue of $109.42 billion and earnings of $2.02 per share, topping Wall Street estimates of $108.65 billion and $1.89, respectively. The company also said its active installed base reached a record high and called it its strongest June quarter ever.

The stock has rallied sharply in recent months. Analysts said investors are now focusing on margins, valuation, iPhone demand and services growth after the earnings beat.

Analyst Flags Siri AI, China And Memory Costs As Key Watch PointsEvercore ISI analyst Amit Daryanani said Apple’s fiscal third-quarter results were modestly better than expected, with stronger-than-anticipated iPhone revenue and a slight gross margin beat offset by softer services growth.

He said investors will now shift their focus to whether Apple’s AI strategy, particularly the rollout of Siri AI, can sustain more than 20% iPhone revenue growth and support further upside for the stock.

On margins, Daryanani said rising memory costs remain an important risk. He said greater certainty around memory pricing through long-term supply agreements would improve investor confidence and help reduce concerns about future gross margin pressure.

Snipe noted that Apple shares had gained about 22% year to date and 15% over the past month while trading at roughly 36 times forward earnings. He said investors would closely watch whether consumers continued to absorb higher prices as Apple appeared likely to pass on some of its higher costs.

Apple’s Stability Is Attracting InvestorsMoffettNathanson co-founder and senior analyst Craig Moffett told CNBC that Apple’s recent rally reflects shifting investor sentiment rather than a dramatic change in the company’s fundamentals.

He also described Apple as a “low-risk stock at a time of high volatility,” saying investors increasingly see it as a safe place to park capital amid uncertainty surrounding AI-related spending.

The stock carries a consensus Buy rating with an average analyst price forecast of $327.81. Recent analyst actions include:

Morgan Stanley raised its price forecast to $364 while maintaining an Overweight rating on July 23. HSBC upgraded the stock to Buy and raised its price forecast to $366 on July 17. KeyBanc downgraded Apple to Underweight with a $250 price forecast on July 14. Technical AnalysisApple is trading about 4.5% below its 20-day simple moving average of $324.35 but remains near its 50-day simple moving average of $309.30. That level could attract buyers if the longer-term uptrend remains intact.

The stock continues to trade well above its 100-day simple moving average of $288.15 and its 200-day simple moving average of $277.65. The bullish golden cross, formed in September 2025 when the 50-day moving average crossed above the 200-day moving average, also remains in place.

Momentum indicators have improved. The MACD remains above its signal line, suggesting selling pressure has eased even as the stock consolidates.

Key resistance: $317.50 Key support: $287.50 ETF ExposureApple remains one of the largest holdings in several major exchange-traded funds:

Large inflows or outflows in these funds can influence trading activity in Apple shares.

Price ActionAAPL Stock Price Activity: Apple shares were down 7.23% at $309.33 during premarket trading on Friday, according to Benzinga Pro data.

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Financiere des Professionnels Fonds d investissement inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 64.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 142,478 shares of the e-commerce giant’s stock after buying an additional 55,938 shares during the quarter. Amazon.com accounts for approximately 1.7% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 10th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Amazon.com were worth $29,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth approximately $32,868,735,000. Auto Owners Insurance Co raised its holdings in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. grew its stake in shares of Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling In other news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,719 shares of company stock valued at $36,438,002 in the last 90 days. Company insiders own 8.90% of the company’s stock.

Amazon.com Stock Up 3.9% AMZN opened at $235.50 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a market capitalization of $2.53 trillion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46. The business’s 50-day simple moving average is $245.59 and its 200-day simple moving average is $235.97.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Analysts anticipate that Amazon.com, Inc. will post 7.76 EPS for the current year.

Analysts Set New Price Targets AMZN has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Wolfe Research reiterated an “outperform” rating and issued a $320.00 price objective (up from $245.00) on shares of Amazon.com in a report on Thursday, April 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Morgan Stanley boosted their target price on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $313.43.

Read Our Latest Research Report on AMZN

More Amazon.com News Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: AWS growth reaccelerated sharply: Amazon Web Services revenue rose 37% year over year—the fastest growth in several years—beating expectations as enterprise AI spending increased. New arrangements with Meta and OpenAI further support demand for Amazon’s cloud infrastructure. Amazon’s AWS posts fastest growth since 2021 Positive Sentiment: Amazon delivered a broad earnings beat: Second-quarter revenue increased approximately 20% to $200.6 billion, surpassing the $197.0 billion consensus estimate, while EPS of $5.75 exceeded expectations of $1.82. Operating income reached $27.5 billion, and AWS operating profit was approximately $16.6 billion. Amazon.com Announces Second Quarter Results Positive Sentiment: Advertising and retail added momentum: Advertising revenue climbed 26% to nearly $20 billion, while Prime Day activity supported the North American e-commerce business. Amazon also said a $600 million tariff refund will be partly passed on to customers. Amazon Thrives On Big Q2 Positive Sentiment: AI strategy is increasingly focused on monetization: Coverage suggests Amazon is emphasizing AWS infrastructure, partnerships and customer access rather than competing exclusively to build the industry’s top proprietary model. This could improve returns on AI spending and reduce the cost of a frontier-model race. Amazon is proving you don’t need the best model Neutral Sentiment: Amazon’s Anthropic investment produced a substantial non-operating gain, boosting reported profitability, but the benefit may be volatile and does not represent recurring operating earnings. Negative Sentiment: Spending and guidance remain investor concerns: Amazon’s planned roughly $200 billion of 2026 capital expenditures is pressuring free cash flow, while its third-quarter revenue outlook of $197 billion to $202 billion is below the approximately $204.6 billion analyst consensus. Reports of costly AI deployment errors add to execution risk. Amazon Contends With Unplanned Overspending on AI Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also Five stocks we like better than Amazon.com Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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A Guyanese flag flies outside the ExxonMobil offices, as Guyana's fast-growing economy is set to benefit from a reshaped global energy market due to the U.S.-Israeli war on Iran, in... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesHistoric development costs recouped two years earlier than expected, CFO saysGuyana and oil consortium to split remaining profit oil evenly under contract termsExxon will receive 100,000 bpd fewer ​in Q3, but free cash flow will riseHOUSTON, July 31 (Reuters) - An ‌ExxonMobil-led (XOM.N), opens new tab joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more ​oil money.

Guyana's Stabroek Block, estimated to hold at least 11 billion barrels of ​oil equivalent, has become one of the top assets of the U.S. ⁠oil producer's portfolio since its discovery in 2015. Revenue from the field has made ​Guyana one of the fastest-growing economies in the world, with the country now producing more ​than 900,000 barrels per day.

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The joint venture's production sharing contract (PSC) with Guyana allowed Exxon and its partners to take up to 75% of the oil to cover their exploration and development costs.

The accumulated $55 billion ​invested since 2014 has been recouped about two years faster than expected because of ​the rapid development of the block, Exxon Chief Financial Officer Neil Hansen said in an interview.

"We brought ‌these ⁠investments on at an unprecedented pace and cost advantage," Hansen said.

Under the PSC, the consortium splits profit oil evenly with Guyana after recovering costs. Exxon will now book about 100,000 fewer bpd from the country as it enters the third quarter, but free cash ​flow will increase by ​2030 to twice ⁠the level seen in 2025, he said.

Exxon operates the Stabroek Block with a 45% interest. Chevron (CVX.N), opens new tab holds a 30% stake in the ​block after acquiring Hess Corp, the original partner in the consortium, ​and Chinese ⁠oil firm CNOOC (600938.SS), opens new tab holds 25%.

The consortium's fifth and sixth projects in the Stabroek Block — Uaru and Whiptail — are expected to begin oil production this year and next year, respectively.

Guyana, with a ⁠population of ​about 1 million people, still faces the challenge of ​diversifying its economy beyond oil. While many local businesses have thrived, residents continue to struggle with prolonged electricity blackouts ​and ailing infrastructure.

Reporting by Sheila Dang in Houston; Editing by Nathan Crooks and Tom Hogue

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The logo of Linde is pictured at the Global Industrie exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab

July 31 (Reuters) - Linde , the world's largest industrial gases company, ‌reported second-quarter earnings above market expectations on Friday, driven by strong demand in its electronics business, and raised the lower end of its full-year ​earnings forecast.

The U.S.-German company, which supplies gases such as oxygen, ​nitrogen and hydrogen to factories and hospitals, reported a ⁠10% rise in its adjusted earnings per share to $4.50 in ​the April-June period.

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That was ahead of analysts' mean estimate of $4.48 per ​share, according to LSEG data.

Second-quarter sales in Linde's electronics end markets grew 18%, a company presentation showed. Total sales grew 9% to $9.29 billion, which also ​beat analysts' forecast of $8.99 billion.

"Customer proposal activity remains robust, primarily ​across the electronics end market, giving us confidence to further grow the backlog," ‌CEO ⁠Sanjiv Lamba said in a statement.

Earlier on Friday, Linde said it had secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers and would invest ​about $1 billion in ​Arizona related to ⁠that.

As semiconductor manufacturers ramp up capacity to meet demand for AI and high-performance computing chips, investors ​are increasingly focused on whether Linde can translate ​its growing ⁠exposure to the sector into sustained earnings growth.

Linde now expects 2026 adjusted earnings of $17.70 to $17.90 per share, having previously guided for $17.60 to $17.90 ⁠per ​share.

For the third quarter, it expects adjusted ​diluted earnings of $4.45 to $4.55 per share, up 6% to 8% from the same period ​last year.

Reporting by Bartosz Dabrowski in Gdansk, editing by Milla Nissi-Prussak

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It's historically been one of the market's favorite real estate investment trusts, and for good reason. That's not likely to change when the company reports its second-quarter numbers after the closing bell rings on Aug. 5, either. If anything, in fact, investors' appreciation for Realty Income's (O -1.69%) track record is apt to continue improving in step with its fiscal results.

The kicker: With its yield already as high as it is, there's no waiting period for newcomers to start generating meaningful income from this stock.

But first things first.

Image source: Getty Images.

Continued progress in the cards As was noted, Realty Income is a real estate investment trust, or REIT. That just means it owns a portfolio of rental or revenue-bearing real estate, and as long as it passes the majority of its profits along to shareholders as they're generated, those profits aren't taxed at the corporate level first.

Even by REIT standards, though, Realty Income is something of a standout. See, its focus is brick-and-mortar retailing. Its top tenants include the industry's most resilient names, such as Walmart, Home Depot, Dollar General, and Tractor Supply. Their staying power is why this REIT's occupancy rate has consistently been above 98% and why Realty Income's not only been able to pay a monthly (yes, monthly) dividend like clockwork for nearly 56 years, but has also upped its annual dividend payment every year for the past 31 years.

This resiliency is likely to be confirmed again by Realty Income's upcoming Q2 numbers. Analysts expect reported revenue growth of 7% year over year, reaching $1.45 billion, pushing per-share funds from operations (a REIT's equivalent to profit) up from $1.05 in the comparable quarter a year ago to $1.09 this time.

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One quarter's results, however, don't mean much for anyone who owns or is eyeing this stock right now. This ticker's big selling point has been and remains its dividend.

Dividend income potential Cutting straight to the chase, Realty Income's forward-looking dividend yield currently stands at just under 5%. For perspective on the number, a $15,000 stake in the REIT -- roughly 229 shares -- would generate nearly $750 in annual dividend income. Just remember that it pays on a monthly basis, so you'd be getting on the order of $62 per month.

No, that's not a huge amount of money. You'd be hard-pressed to find a higher-yielding holding of similar risk, though. Also keep in mind that this dividend grows pretty quickly, at an average annualized rate of 4.1% since the stock was listed on the New York Stock Exchange.

These monthly payments are also likely to continue growing at a similar pace despite the retailing industry's saturation-driven headwind. In addition to serving the retail industry's most enduring names, Realty Income is easing into the data center business. Since cloud-based access to remote data centers' servers is often paid for monthly, they're also well suited to be REIT-owned, as this business structure is designed to cost-effectively pass this recurring rental income along to shareholders.

Keep your eyes and ears open for more information on that budding business on Aug. 5, too, which could move this ticker more than the rest of its results.

It's not unusual for an IPO to "pop" on its first day of trading. Underwriters typically price new issues conservatively to guarantee adequate demand. But newly listed shares of Chinese DRAM supplier ChangXin Memory Technologies (SHSE: 688825), better known as CXMT, rocketed 466% higher on their first day of trading on the Shanghai exchange.

That price performance is just another indication of the excitement around memory chip stocks like Micron Technology (MU +18.36%) and SK Hynix (SKHY +17.52%). And investors in leading memory chipmakers may be wondering how the Chinese competitor could affect them after its recent capital injection.

Image source: Getty Images.

The fourth mega memory chipmaker While it seemingly left money on the table, the CXMT IPO raised at least $8.6 billion for the company. If the company exercises its option to sell additional shares, it could push that total close to $10 billion.

CXMT is capitalizing on the severe DRAM chip shortage driven by massive demand from artificial intelligence (AI) build-outs. As SK Hynix, Micron, and Samsung dedicate more capacity to high-bandwidth memory (HBM), which is essentially stacks of DRAM chips, CXMT has been able to increase its prices and gain market share. Its bit share of the DRAM market expanded to 8% in the first quarter, up from 3% in the first quarter of 2025, according to Counterpoint Research.

As a result, profits soared to approximately $3.66 billion in the first quarter as revenue increased 7.5-fold. Additionally, it signed long-term deals with ByteDance and Tencent totaling $10 billion.

That is to say, CXMT has growing cash reserves. How CXMT uses that cash could have a meaningful impact on its competition. In its IPO prospectus, CXMT says it plans to use half its fresh capital to upgrade and expand its DRAM production, but makes no mention of plans to expand its HBM efforts, which currently account for a small single-digit percentage of its total production.

CXMT has been playing with a handicap. Import restrictions prevent it from using the most advanced wafer-fabrication equipment, resulting in a significant gap between its chips and those of the competition. CXMT has made technological innovations to close the gap created by its physical limitations, but further improvements may come more slowly. That's especially true, given that advanced HBM chip production requires cutting-edge equipment that's impossible to acquire in China. CXMT is expected to ship HBM3 chips this year, approximately four years behind SK Hynix.

That's important for Micron, SK Hynix, and Samsung. The current demand cycle is driven by HBM chips, which are packaged with GPUs and AI accelerators for deployment in data centers. CXMT appears focused on the near-term opportunity to improve its DRAM production capacity and lower its costs, thereby maximizing its profits as it takes DRAM market share. Its HBM efforts may be confined to meeting the needs of Chinese AI companies, limiting its opportunities.

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Over the long run, however, CXMT could have a meaningful impact on the memory chip market. It's already expected to rival Micron in wafer capacity this year, and it's growing significantly quicker than its other competitors. If it overcomes physical manufacturing limitations or gains access to more advanced production equipment in the future, it could meaningfully increase the global supply of advanced HBM chips.

Invitation Home NYSE: INVH reported second-quarter results marked by occupancy above 97%, accelerating new-lease pricing through June and higher funds from operations, while executives raised full-year guidance and highlighted capital deployment through stock repurchases, home sales and construction lending.

President and Chief Executive Officer Dallas Tanner said the single-family rental company’s average occupancy remained above 97% during the quarter, while new-lease rate growth accelerated for a sixth consecutive month. Core FFO per share rose 5% year over year and adjusted FFO per share increased just under 6%, he said.

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Tanner also discussed the recently enacted 21st Century ROAD to Housing Act, which he said provides clarity for the company and broader housing industry. He said the legislation includes provisions intended to accelerate and encourage new construction, a policy objective Invitation Homes supports through its homebuilder partnerships and new-construction activities.

According to Tanner, John Burns data show it is, on average, more than $1,000 per month cheaper to lease than own a comparable home in Invitation Homes’ markets. Based on the company’s average resident tenure of slightly more than 40 months, he said that represents more than $40,000 of savings for a typical household.

Operating trends strengthen through July Chief Operating Officer Tim Lobner said same-store net operating income increased 1.5% from a year earlier in the second quarter. The increase reflected 1.6% core revenue growth and 1.9% growth in core operating expenses.

Second-quarter renewal rent growth averaged 3.3%, rising to 3.7% in June. New-lease rent growth was 1.1% for the quarter. Blended lease rent growth was 2.7%. Turnover improved 50 basis points year over year to 5.7%. Average occupancy was 97.1% during the quarter. Lobner said controllable expenses declined 1% year over year, while fixed costs, including property taxes and insurance, rose 3.5%. He attributed the controllable-cost result to operational execution and said both fixed and controllable expenses were tracking in line with the company’s expectations.

The company’s preliminary July figures showed renewal rent growth of 4.3%, new-lease growth of 1.2% and blended growth of 3.4%. July occupancy averaged 96.5%, which Lobner said reflected normal seasonal move-outs. He said August renewals were shaping up similarly to July, while new-lease growth is expected to moderate through the remainder of the year following its seasonal peak.

Management said supply conditions were improving, though some markets still have excess inventory to absorb. Lobner said build-to-rent deliveries have declined and growth in new single-family rental supply has slowed, while markets that had been most oversupplied were experiencing sharper reductions in unsold new-home inventory.

Home sales fund buybacks and reduce revolver borrowings Chief Financial Officer Jon Olsen said core FFO was $0.51 per share during the second quarter, up 5% from the prior year, while AFFO was $0.44 per share, an increase of nearly 6%.

Invitation Homes sold 657 wholly owned homes, primarily to end users, for approximately $309 million in gross proceeds during the quarter. It acquired 196 homes from homebuilder partners for about $74 million.

As dispositions have exceeded the company’s earlier expectations, Olsen said Invitation Homes increased its full-year guidance for sales of wholly owned homes by $300 million at the midpoint, to $850 million. Acquisition guidance was unchanged, with midpoints of $250 million for wholly owned homes purchased from builder partners and $100 million through joint ventures.

The company repurchased another $100 million of stock in the second quarter, bringing total repurchases since the program began late last year to $600 million. Invitation Homes has repurchased about 22.8 million shares at an average price of $26.30 each, according to Olsen.

Olsen said the average repurchase price represented an implied value of slightly more than $270,000 per wholly owned home, compared with the company’s year-to-date average home sale price of $450,000. Proceeds from asset sales and free cash flow helped reduce the company’s revolver balance to $280 million at June 30 from $560 million at March 31.

Net debt to trailing 12-month adjusted EBITDA stood at 5.4 times at quarter-end, slightly below the company’s 5.5-times to 6-times target range. Invitation Homes ended the quarter with more than $1.5 billion in available liquidity, with substantially all debt fixed or swapped to fixed rates and approximately 90% of wholly owned homes unencumbered.

Earlier in July, the company issued $500 million of 2032 senior notes carrying a 4.95% coupon. It used net proceeds to prepay approximately half of its 2017-1 securitization, which had a $988 million balance at June 30 and matures next summer.

Guidance rises as management cites second-half risks Invitation Homes raised its full-year core FFO guidance midpoint by $0.01 to $1.95 per share and its AFFO midpoint by $0.01 to $1.65 per share. The company also narrowed its same-store core revenue and NOI growth guidance ranges around unchanged midpoints.

Olsen said the outlook reflected “cautious optimism,” while noting risks related to seasonally higher turnover, the need to maintain occupancy amid an improving but still elevated supply backdrop, and uncertainty around property-tax assessments. Property taxes represent about 55% of total operating expenses, he said, with California, Georgia and Florida accounting for about 70% of the property-tax line item.

Management also said the disruption created by earlier versions of the ROAD to Housing Act delayed or canceled some ResiBuilt projects scheduled to begin during the first half. As a result, ResiBuilt’s 2026 earnings contribution is expected to trail original expectations, although executives said its development pipeline has begun to refill following the legislation’s passage.

Chief Investment Officer Scott Eisen said the company had begun seeing more interest in smaller acquisition portfolios after legislative uncertainty subsided, though transaction activity remained limited and he did not provide pricing expectations. The company has construction loan commitments, including deals still under diligence, totaling just under $350 million, with roughly 10% funded. Tanner said the loans typically generate high-single-digit yields and may provide an opportunity to acquire completed communities.

About Invitation Home (NYSE:INVH)Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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

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MONTVALE, N.J., July 31, 2026 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) today reported financial results for its 2026 fiscal second quarter ended June 30, 2026. For the quarter, the Company reported net sales of $284.0 million, net earnings of $44.6 million, adjusted EBITDA(a) of $77.9 million, and free cash flow(a) of $36.2 million.

Ted Harris, Chairman, President and CEO of Balchem, said, “The second quarter was another very strong quarter for Balchem with healthy growth in all three of our reporting segments. On a consolidated basis, we delivered record quarterly net sales, net earnings, and adjusted EBITDA, as well as solid cash flows.”

Second Quarter 2026 Financial Highlights:

Net sales were $284.0 million, an increase of 11.2% from the prior year quarter.GAAP net earnings were $44.6 million, an increase of 16.6% from the prior year quarter.Adjusted EBITDA was $77.9 million, an increase of 12.6% from the prior year quarter.GAAP earnings per share were $1.39 compared to $1.17 in the prior year quarter and adjusted earnings per share(a) were $1.49 compared to $1.27 in the prior year quarter.Cash flows from operations were $46.7 million, with free cash flow(a) of $36.2 million.Excellent sales and earnings from operations growth in all three of our reporting segments. Recent Highlights:

On July 24, 2026, we entered into an amendment to our existing credit agreement, that was due July 27, 2027, with lenders in the form of a senior secured revolving credit facility, now due July 24, 2031. This amendment increased the allowed borrowing from $550 million to $650 million, and expanded the company's ability to fund growth, innovation, and acquisitions.Balchem repurchased $29 million of common stock during the second quarter and $114 million over the trailing twelve months, reflecting the Company's balanced capital allocation strategy and commitment to long-term shareholder value creation. Mr. Harris said, “I am extremely pleased with our second quarter financial performance and the strong execution around our strategic priorities across our businesses.”

Mr. Harris added, “These excellent first half of 2026 results continue the strong growth momentum we have built over the years and we remain excited about the future outlook of our company.”

 Results for Period Ended June 30, 2026 (unaudited)
(Dollars in thousands, except per share data)         Three Months Ended
June 30, Six Months Ended
June 30,  2026 2025 2026 2025Net sales $283,997  $255,467  $554,706  $505,986 Gross margin  103,683   93,113   204,767   181,281 Operating expenses  44,462   41,671   89,920   78,824 Earnings from operations  59,221   51,442   114,847   102,457 Interest and other expenses  1,440   2,431   4,544   5,506 Earnings before income tax expense  57,781   49,011   110,303   96,951 Income tax expense  13,166   10,733   25,403   21,620 Net earnings $44,615  $38,278  $84,900  $75,331              Diluted net earnings per common share $1.39  $1.17  $2.63  $2.30              Adjusted EBITDA(a) $77,943  $69,224  $152,225  $135,514 Adjusted net earnings(a) $48,096  $41,561  $91,087  $81,578 Adjusted net earnings per common share(a) $1.49  $1.27  $2.83  $2.49              Shares used in the calculations of diluted and adjusted net earnings per common share  32,200   32,682   32,242   32,744  (a)See “Non-GAAP Financial Information” for a reconciliation of GAAP and non-GAAP financial measures.    Financial Results for the Second Quarter of 2026:

The Human Nutrition and Health segment generated record quarterly sales of $176.9 million, an increase of $16.1 million, or 10.0%, compared to the prior year quarter. The increase was driven by higher sales within both the nutrients business and the food ingredients and solutions businesses. Record earnings from operations for this segment of $42.4 million increased $4.0 million, or 10.5%, compared to $38.3 million in the prior year quarter, primarily due to the aforementioned higher sales and favorable mix, partially offset by certain higher manufacturing input costs and higher operating expenses. Excluding the effect of non-cash expense associated with amortization of acquired intangible assets and other adjustments, record adjusted earnings from operations(a) for this segment were $45.9 million, compared to $41.4 million in the prior year quarter, an increase of 10.9%.

The Animal Nutrition and Health segment generated quarterly sales of $64.5 million, an increase of $8.4 million, or 15.0%, compared to the prior year quarter. The increase was driven by higher sales in both the monogastric and ruminant species markets. Second quarter earnings from operations for this segment of $5.2 million increased $1.7 million, or 48.7%, compared to $3.5 million in the prior year quarter, primarily due to the aforementioned higher sales, partially offset by certain higher manufacturing input costs and higher operating expenses. Excluding the effect of non-cash expense associated with amortization of acquired intangible assets and other adjustments, adjusted earnings from operations for this segment were $5.6 million compared to $3.8 million in the prior year quarter, an increase of 47.7%.

The Specialty Products segment generated record quarterly sales of $40.5 million, an increase of $3.3 million, or 8.9%, compared to the prior year quarter, due to higher sales in both the performance gases and plant nutrition businesses. Record earnings from operations for this segment of $12.9 million increased $1.6 million, or 14.4%, compared to $11.3 million in the prior year quarter, primarily driven by the aforementioned higher sales and favorable mix, partially offset by certain higher manufacturing input costs and higher operating expenses. Excluding the effect of non-cash expense associated with amortization of acquired intangible assets and other adjustments, record adjusted earnings from operations for this segment were $13.9 million, compared to $12.4 million in the prior year quarter, an increase of 12.1%.

Record consolidated quarterly gross margin of $103.7 million increased by $10.6 million, or 11.4%, compared to $93.1 million for the prior year comparable period. Gross margin as a percentage of sales was 36.5% compared to 36.4% in the prior year period, an increase of 10 basis points, primarily due to sales growth and manufacturing efficiencies, partially offset by certain higher manufacturing input costs. Operating expenses of $44.5 million for the quarter increased $2.8 million from the prior year comparable quarter, primarily due to higher compensation-related costs.

Net interest expense was $1.9 million and $2.8 million in the second quarters of 2026 and 2025, respectively. The decrease in interest expense was primarily due to lower outstanding borrowings and lower interest rates. Our effective tax rates for the three months ended June 30, 2026 and 2025 were 22.8% and 21.9%, respectively. The increase in the effective tax rate was primarily due to lower tax benefits from stock-based compensation.

Second quarter cash flows provided by operating activities were $46.7 million and free cash flow was $36.2 million. Net working capital of $242.7 million as of June 30, 2026 included a cash balance of $63.2 million. Significant cash payments during the quarter included repurchases of common stock of $28.8 million, income taxes paid of $27.8 million, net debt payments of $17.0 million, and capital expenditures and intangible assets acquired of $10.9 million. Outstanding debt on our revolving loan was $152.0 million as of June 30, 2026 and our net debt (b) was $88.8 million, with an overall leverage ratio (c) on a net debt basis of 0.3 times.

Ted Harris said, “The Balchem team delivered another strong quarter in Q2 of 2026, and we remain confident in the long-term growth outlook for our company as we continue to execute our strategic growth initiatives.”

(b)Net debt is defined as the outstanding balance on our revolving loan less cash and cash equivalents.(c)Leverage ratio is defined as net debt divided by trailing twelve months adjusted EBITDA.   Quarterly Conference Call

A quarterly conference call will be held on Friday, July 31, 2026, at 11:00 AM Eastern Time (ET) to review second quarter 2026 results. Ted Harris, Chairman, President and CEO and Martin Bengtsson, CFO will host the call. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing +1-833-461-5787 (USA/Canada toll free) or +1-585-542-9983 (International Toll), and referencing Meeting ID: 980453675, five minutes prior to the scheduled start time of the conference call. Investors and the public are invited to listen to the live webcast at https://events.q4inc.com/attendee/980453675. The conference call will be available for replay shortly after the conclusion of the call at https://events.q4inc.com/attendee/980453675 for one year.

Segment Information

Balchem Corporation reports three business segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. The Human Nutrition and Health segment delivers customized food and beverage ingredient systems, as well as key nutrients into a variety of applications across the food, supplement and pharmaceutical industries. The Animal Nutrition and Health segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides specialty-packaged performance gases for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market. Sales and production of products outside of our reportable segments and other minor business activities are included in "Other and Unallocated".

Forward-Looking Statements

This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our expectation or belief concerning future events that involve risks and uncertainties. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar expressions generally intended to identify forward-looking statements. Forward-looking statements may relate to such matters as projections of revenue, margins, expenses, tax provisions, earnings, cash flows, benefit obligations, dividends, share repurchases or other financial items; any statements of the plans, strategies and objectives of management for future operations, including those relating to any statements concerning expected development, performance or market share relating to our products and services; any statements regarding future economic conditions or our performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. These statements are based on the Company's currently available information and our current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties - many of which are beyond the Company’s control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Important factors and other risks that may affect the Company's business or that could cause actual results to differ materially are included in filings the Company makes with the U.S. Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K, and in its other SEC filings. Reference should be made to such factors and all forward-looking statements are qualified in their entirety by the above cautionary statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Jacqueline Yarmolowicz, Balchem Corporation (Telephone: 845-326-5600)

Selected Financial Data (unaudited)
($ in 000’s)

Business Segment Net Sales: Three Months Ended
June 30,
 Six Months Ended
June 30,
  2026
 2025
 2026
 2025
Human Nutrition and Health $176,894  $160,773  $348,522  $319,230 Animal Nutrition and Health  64,454   56,028   126,643   113,305 Specialty Products  40,511   37,185   75,238   70,460 Other (d)   2,138   1,481   4,303   2,991 Total $283,997  $255,467  $554,706  $505,986              (d) Other consists of a few minor businesses which individually do not meet the quantitative thresholds for separate presentation.  Business Segment Earnings Before Income Taxes: Three Months Ended
June 30, Six Months Ended
June 30,  2026 2025 2026 2025Human Nutrition and Health $42,381  $38,342  $82,401  $76,316 Animal Nutrition and Health  5,227   3,514   10,919   8,750 Specialty Products  12,893   11,269   24,828   20,854 Other and Unallocated (e)  (1,280)  (1,683)  (3,301)  (3,463)Interest and other expenses  (1,440)  (2,431)  (4,544)  (5,506)Total $57,781  $49,011  $110,303  $96,951          (e) Other and Unallocated consists of a few minor businesses which individually do not meet the quantitative thresholds for separate presentation and corporate expenses that have not been allocated to a segment. Unallocated corporate expenses consist of transaction and integration costs of $22 and $917 for the three and six months ended June 30, 2026, respectively, and $405 and $894 for the three and six months ended June 30, 2025, respectively. Selected Balance Sheet Items       (Dollars in thousands) June 30, 2026
 December 31, 2025
  (unaudited)
         Cash and cash equivalents $63,174  $74,570 Accounts receivable, net  148,973   143,596 Inventories  161,551   131,449 Other current assets  14,726   15,999 Total current assets  388,424   365,614        Property, plant and equipment, net  304,702   306,648 Goodwill  808,809   816,375 Intangible assets with finite lives, net  151,643   163,289 Right of use assets  14,120   16,192 Other assets  19,306   18,134 Total non-current assets  1,298,580   1,320,638        Total assets  $1,687,004  $1,686,252        Current liabilities $145,755  $176,384 Revolving loan  152,000   164,000 Deferred income taxes  52,943   54,143 Other long-term obligations  33,928   34,312 Total liabilities  384,626   428,839        Stockholders' equity  1,302,378   1,257,413        Total liabilities and stockholders' equity $1,687,004  $1,686,252  Balchem Corporation
Condensed Consolidated Statements of Cash Flows
(Dollars in thousands)(unaudited)    Six Months Ended June 30,  2026 2025Cash flows from operating activities:    Net earnings $84,900  $75,331 Adjustments to reconcile net earnings to net cash provided by operating activities:    Depreciation and amortization  24,711   22,417 Stock compensation expense  11,277   9,648 Other adjustments  1,100   (1,192)Changes in assets and liabilities  (35,216)  (22,495) Net cash provided by operating activities  86,772   83,709      Cash flows from investing activities:    Capital expenditures and intangible assets acquired  (17,138)  (12,372)Cash paid for acquisitions, net of cash acquired  —   (323)Proceeds from the sale of assets  7   267 Investment in affiliates  (95)  (105) Net cash used in investing activities  (17,226)  (12,533)     Cash flows from financing activities:    Proceeds from revolving loan  80,000   63,000 Principal payments on revolving loan  (92,000)  (63,000)Principal payments on finance leases  (102)  (97)Proceeds from stock options exercised  7,742   6,222 Dividends paid  (30,772)  (28,265)Repurchases of common stock  (44,484)  (38,589) Net cash used in financing activities  (79,616)  (60,729)     Effect of exchange rate changes on cash  (1,326)  5,465      (Decrease) increase in cash and cash equivalents  (11,396)  15,912      Cash and cash equivalents, beginning of period  74,570   49,515 Cash and cash equivalents, end of period $63,174  $65,427           Non-GAAP Financial Information

In addition to disclosing financial results in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains non-GAAP financial measures that we believe are helpful in understanding and comparing our past financial performance and our future results. The non-GAAP financial measures in this press release include adjusted gross margin, adjusted earnings from operations, adjusted net earnings and the related adjusted diluted per share amounts, EBITDA, adjusted EBITDA, adjusted income tax expense, free cash flow, net debt, and leverage ratio. The non-GAAP financial measures disclosed by the Company exclude certain business combination accounting adjustments and certain other items related to acquisitions, certain equity compensation, nonqualified deferred compensation plan expense (income), and certain one-time or unusual transactions. Detailed non-GAAP adjustments are described in the reconciliation tables below and also explained in the related footnotes. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Investors should not consider non-GAAP measures as alternatives to the related GAAP measures.

Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Table 1
(unaudited)     Reconciliation of Non-GAAP Measures to GAAP
(Dollars in thousands, except per share data)       Three Months Ended
June 30, Six Months Ended
June 30,  2026 2025 2026 2025Reconciliation of adjusted gross margin        GAAP gross margin $103,683  $93,113  $204,767  $181,281 Amortization of intangible assets and finance leases (1)  718   724   1,447   1,417 Adjusted gross margin $104,401  $93,837  $206,214  $182,698          Reconciliation of adjusted earnings from operations        GAAP earnings from operations $59,221  $51,442  $114,847  $102,457 Amortization of intangible assets and finance leases (1)  4,353   4,313   8,804   8,425 Transaction and integration costs (2)  22   405   917   894 Nonqualified deferred compensation plan expense (3)  631   401   617   435 Restructuring costs (4)  —   (192)  —   (192)Adjusted earnings from operations $64,227  $56,369  $125,185  $112,019          Reconciliation of adjusted net earnings        GAAP net earnings $44,615  $38,278  $84,900  $75,331 Amortization of intangible assets and finance leases (1)  4,425   4,384   8,948   8,568 Transaction and integration costs (2)  22   405   917   894 Restructuring costs (4)  —   (192)  —   (192)Income tax adjustment (5)  (966)  (1,314)  (3,678)  (3,023)Adjusted net earnings $48,096  $41,561  $91,087  $81,578          Adjusted net earnings per common share - diluted $1.49  $1.27  $2.83  $2.49  Table 2
(unaudited)     Reconciliation of GAAP Net Earnings to EBITDA and to Adjusted EBITDA
(Dollars in thousands)       Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025 2026
 2025Net earnings - as reported $44,615  $38,278  $84,900  $75,331 Add back:          Provision for income taxes  13,166   10,733   25,403   21,620 Interest and other expenses  1,440   2,431   4,544   5,506 Depreciation and amortization  12,148   11,330   24,567   22,272 EBITDA  71,369   62,772   139,414   124,729 Add back:          Non-cash compensation expense related to equity awards  5,921   5,838   11,277   9,648 Transaction and integration costs (2)  22   405   917   894 Nonqualified deferred compensation plan expense (3)  631   401   617   435 Restructuring costs (4)  —   (192)  —   (192)Adjusted EBITDA $77,943  $69,224  $152,225  $135,514  Table 3
(unaudited)
   Reconciliation of GAAP Effective Income Tax Rate to Non-GAAP Effective Income Tax Rate
(Dollars in thousands)
     Three Months Ended June 30, 2026 Effective Tax Rate 2025
 Effective Tax RateGAAP Income Tax Expense $13,166  22.8 % $10,733  21.9 %Impact of ASU 2016-09 (6)  (24)    283   Adjusted Income Tax Expense $13,142  22.7 % $11,016  22.5 %   Six Months Ended June 30, 2026
 Effective Tax Rate 2025
 Effective Tax RateGAAP Income Tax Expense $25,403  23.0 % $21,620  22.3 %Impact of ASU 2016-09 (6)  1,290     873   Adjusted Income Tax Expense $26,693  24.2 % $22,493  23.2 % Table 4
(unaudited)     Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
(Dollars in thousands)       Three Months Ended
June 30, Six Months Ended
June 30,  2026 2025 2026 2025Net cash provided by operating activities $46,711  $47,252  $86,772  $83,709 Capital expenditures and proceeds from the sale of assets  (10,480)  (6,554)  (16,696)  (11,975)Free cash flow $36,231  $40,698  $70,076  $71,734                                    (1) Amortization of intangible assets and finance leases: Amortization of intangible assets and finance leases consists of amortization of customer relationships, trademarks and trade names, developed technology, regulatory registration costs, patents and trade secrets, capitalized loan issuance costs, other intangibles acquired primarily in connection with business combinations, and finance leases. We record expense relating to the amortization of these intangibles and finance leases in our GAAP financial statements. Amortization expenses for our intangible assets and finance leases are inconsistent in amount and are significantly impacted by the timing and valuation of acquisitions. Consequently, our non-GAAP adjustments exclude these expenses to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.

(2) Transaction and integration costs: Transaction and integration costs related to acquisitions and divestitures are expensed in our GAAP financial statements. Management excludes these items for the purposes of calculating adjusted EBITDA and other non-GAAP financial measures. We believe that excluding these items from our non-GAAP financial measures is useful to investors because these are items associated with transactions that are inconsistent in amount and frequency causing comparison of current and historical financial results to be difficult.

(3) Nonqualified deferred compensation plan (income) expense: Gains and losses on rabbi trust assets related to our nonqualified deferred compensation plan are recorded in other (income) expense while the offsetting increases or decreases to the deferred compensation liability are recorded within earnings from operations. The increases and decreases in the deferred compensation liability are driven by market volatility and are not a true reflection of company performance. We believe excluding these amounts from our non-GAAP financial measures is useful to investors because these items are inconsistent in amount based on market conditions causing comparison of current and historical financial results to be difficult.

(4) Restructuring costs: Restructuring costs related to a reorganization of the business are recorded in our GAAP financial statements. Management excludes these items for the purposes of calculating adjusted EBITDA and other non-GAAP financial measures. We believe that excluding these items from our non-GAAP financial measures is useful to investors because these are items associated with transactions that are inconsistent in amount and frequency causing comparison of current and historical financial results to be difficult.

(5) Income tax adjustment: For purposes of calculating adjusted net earnings and adjusted diluted earnings per share, we adjust the provision for (benefit from) income taxes to tax effect the taxable and deductible non-GAAP adjustments described above as they have a significant impact on our income tax (benefit) provision. Additionally, the income tax adjustment is adjusted for the impact of adopting ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” and uses our non-GAAP effective rate applied to both our GAAP earnings before income tax expense and non-GAAP adjustments described above. See Table 3 for the calculation of our non-GAAP effective tax rate.

(6) Impact of ASU 2016-09: The primary impact of ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"), was the recognition during the three and six months ended June 30, 2026 and 2025, of excess tax benefits as a reduction to the provision for income taxes and the classification of these excess tax benefits in operating activities in the consolidated statement of cash flows instead of financing activities. Management excludes this item for the purpose of calculating adjusted Income Tax Expense. We believe that excluding the item in our non-GAAP financial measures is useful to investors because it is inconsistent in amount and frequency causing comparison of current and historical financial results to be difficult.

UnitedHealth Just Gave Wall Street a Clearer Turnaround SignalHyatt Hotels NYSE: H said second-quarter system-wide RevPAR rose 5.9% from a year earlier, exceeding the company’s expectations as premium leisure demand, group travel and FIFA World Cup-related activity supported results.

Chairman, President and Chief Executive Officer Mark Hoplamazian said the company delivered growth in RevPAR, fees and adjusted EBITDA despite regional headwinds affecting parts of its portfolio. He pointed to continued momentum in Hyatt’s luxury brands, loyalty program and development pipeline as evidence of the company’s increasingly asset-light business model.

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Chips & Clips: Memory Tariffs Rewire Tech Supply Chains“Our second quarter results provide another example of that model in action,” Hoplamazian said, citing growth in the company’s commercial platform, brand preference and fee earnings.

U.S. and international RevPAR gains In the United States, RevPAR increased 6.7% in the second quarter, driven by leisure travel and group demand. Chief Financial Officer Joan Bottarini said the FIFA World Cup contributed roughly 70 basis points of U.S. RevPAR growth, with host cities posting double-digit growth during the second half of June.

Confidence Is Back, But Earnings Show the Consumer Is Being PickyGroup RevPAR rose more than 7% companywide, while business transient RevPAR increased approximately 2%. Leisure transient RevPAR climbed about 7%, led by luxury brands. In U.S. World Cup host cities, group RevPAR rose more than 13% in June and leisure transient RevPAR increased more than 17%, according to Hoplamazian.

Outside the U.S., RevPAR grew nearly 5%, or 7.5% excluding the Middle East. The Americas excluding the U.S. recorded 9.5% growth, Greater China rose 7.2%, and Asia Pacific excluding Greater China grew more than 10%. Europe posted 4.5% RevPAR growth as domestic leisure demand offset softer inbound travel from the Middle East.

The Middle East was a significant exception, with RevPAR declining 36% due to the ongoing regional conflict. Hyatt continues to estimate that reduced Middle East hotel revenues will lower full-year fees by approximately $10 million.

Hyatt’s all-inclusive business faced separate pressure. Net Package RevPAR declined 1.2% in the quarter, affected by a security incident in Mexico earlier in the year and lower flight capacity. Net Package RevPAR at Dominican Republic hotels increased more than 8%.

Bottarini said demand trends in Mexico are improving sequentially, particularly in Cancun, though they have not recovered as much as Hyatt had anticipated. The company now expects Mexico-related softness to reduce fees by about $15 million relative to its earlier outlook. Hyatt expects third-quarter Net Package RevPAR to be moderately below the prior year.

Fees, loyalty and development pipeline Gross fees increased 8% to $324 million, supported by managed-hotel performance, newly opened hotels, management agreements from the Playa portfolio and higher license fees. Adjusted EBITDA from the owned and leased segment rose 16%, adjusted for asset sales, while total adjusted EBITDA increased approximately 9% after adjusting for asset sales.

Hyatt ended the quarter with approximately 69 million World of Hyatt members, up 17% from a year earlier. The company also announced a collaboration with Air Canada intended to expand earning and redemption opportunities across the two loyalty programs.

The development pipeline reached a record approximately 154,000 rooms, up 10% year over year. Net Rooms Growth was 4.4% in the second quarter, excluding Playa Hotels acquisition rooms that were removed from Hyatt’s room count during the second half of 2025.

Hyatt expects full-year Net Rooms Growth of approximately 6%, with more than half of expected openings scheduled for the fourth quarter. Hoplamazian cautioned that the heavy concentration of openings late in the year, particularly among luxury, lifestyle and full-service projects, means that some projects could slip into early 2027.

The company cited conversion timing as another factor, saying property improvement plan requirements for the newer Hyatt Select and Unscripted by Hyatt brands have sometimes been more extensive than initially expected.

Hyatt opened Miraval, the Red Sea, its first Miraval property outside the U.S. The company also opened THE BARAI Hua Hin, its first Unbound Collection by Hyatt property in Thailand. Hyatt signed a master franchise agreement with Dossen Group to introduce Hyatt Select in mainland China. Outlook maintained for fees, EBITDA and cash flow Hyatt raised its full-year system-wide RevPAR growth forecast to 3.5% to 4.5%. It expects U.S. RevPAR growth of 3% to 4% for the year, with international growth excluding the Middle East conflict expected to be slightly higher than the U.S.

The company maintained its full-year gross-fee outlook of $1.305 billion to $1.335 billion, representing growth of 9% to 11%. It also reaffirmed adjusted EBITDA guidance of $1.155 billion to $1.205 billion, representing growth of 13% to 18%, and adjusted free cash flow guidance of $580 million to $630 million.

For the third quarter, Hyatt expects global RevPAR growth near the low end of its full-year range, high-single-digit gross-fee growth and Net Package RevPAR that is moderately below the prior year.

Hyatt had approximately $2.1 billion in total liquidity at June 30, including $1.5 billion available under its revolving credit facility. It returned about $175 million to shareholders through dividends and repurchases year to date and expects to return $325 million to $375 million during 2026. About $1.5 billion remained under its repurchase authorization at quarter end.

Asset sales and owner economics Hyatt said it continues to advance a planned sale of the Hyatt Grand Central New York, but no longer expects the transaction to close in 2026. The company said it is also discussing the sale of other owned assets, with the aim of unlocking value while retaining hotels in the Hyatt system under long-term management or franchise agreements.

Hoplamazian said investor demand has been strongest for quality properties in high-barrier-to-entry markets. He also emphasized Hyatt’s efforts to support hotel owners through lower technology costs and commercial tools. Hyatt has removed IT implementation fees for new openings, he said, and reduced property-management-system costs per room by 40% after deploying new technology platforms.

Looking ahead, Hoplamazian said Hyatt remains focused on fee growth rather than quarterly room-growth fluctuations. He said the company expects its pipeline, premium brand mix and expanding loyalty platform to support continued growth through 2027 and beyond.

About Hyatt Hotels (NYSE:H)Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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

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Approximately $8.2 Billion in New Commitments Closed in the Second Quarter and approximately $52.3 Billion Closed in the 12 Months Ended June 30, 2026

, /PRNewswire/ -- Ares Management Corporation (NYSE: ARES) announced today that Ares Credit funds (collectively "Ares") closed U.S. direct lending commitments of approximately $8.2 billion across 69 transactions during the second quarter of 2026 and approximately $52.3 billion across 347 transactions in the 12 months ended June 30, 2026. Below is a description of selected transactions that Ares closed during the second quarter of 2026.

AeriTek / Mill Point Capital
Ares served as administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Mill Point Capital-backed AeriTek's acquisition of National Refrigeration & A/C Products ("NRAC"). AeriTek is a leading international manufacturer of commercial refrigeration and foodservice equipment.

Atwell / Advent International
Ares served as administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Advent International's acquisition of Atwell. Atwell is a scaled, full-service engineering, consulting and construction management firm operating within the power & energy, residential and commercial development, and digital infrastructure segments.

Firebird Music / Raine Group
Ares supported Raine Group-backed Firebird Music in its continued growth plan. Firebird Music is a next-generation music company that integrates artist management, recorded music, expanded rights & brands, and music IP acquisition into a holistic, artist-centered ecosystem.

Frontline Road Safety Holdings / Bain Capital
Ares served as a lead arranger and bookrunner for a senior secured credit facility to support Bain Capital's continued growth plans for Frontline Road Safety Holdings. Frontline Road Safety Holdings is a leading national provider of pavement marking services to roadways and airports across the U.S.

Jiffy Lube / Monomoy Capital Partners
Ares served as a joint lead arranger for a senior secured credit facility to support Monomoy Capital Partners' acquisition of Jiffy Lube International, Inc. Jiffy Lube is the leading quick lube and automotive service franchisor in North America, serving approximately 19 million customers annually through more than 2,000 service centers across the country.

Mai Capital Management / Carlyle
Ares served as a lead arranger and bookrunner for a senior secured credit facility to support MAI Capital Management's continued M&A strategy following its acquisition by Carlyle. MAI Capital Management is a provider of financial planning, investment advisory, investment management, family office administration, and advisory services.

Precinmac / Centerbridge Partners
Ares served as administrative agent, joint lead arranger, and joint bookrunner for an incremental commitment to Precinmac's senior secured credit facility to support the company's continued growth. Precinmac is a leading manufacturer of high-complexity precision components, serving aerospace, defense, space, semiconductor, and power generation customers.

Relation Insurance / BayPine LP
Ares served as a joint lead arranger and joint bookrunner for a senior secured credit facility to support BayPine's acquisition of Relation Insurance. Relation Insurance is a leading insurance brokerage platform providing commercial lines, personal lines, and employee benefits solutions to clients across a diverse range of industries, including construction, transportation, agriculture, entertainment, healthcare, manufacturing, hospitality, and real estate.

Sunvair Aerospace Group / Greenbriar Equity Group
Ares served as administrative agent, lead arranger and bookrunner for a senior secured credit facility to support Greenbriar Equity Group's continued growth plans for Sunvair Aerospace Group. Sunvair Aerospace Group is a global provider of aircraft component maintenance, repair, and overhaul (MRO) services, offering a broad range of engineered solutions across accessory component repair and landing gear overhaul.

Valcourt Group / Littlejohn & Co. ("Littlejohn")
Ares served as administrative agent, lead arranger, and bookrunner for a senior secured credit facility to support Littlejohn's continued growth plans for Valcourt Group ("Valcourt"). Valcourt is a leading provider of building envelope maintenance and restoration services for mid- and high-rise properties.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

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SOURCE Ares Management Corporation