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 | Source: Stifel Financial Corporation

ST. LOUIS, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for July 31, 2026, to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Record fee-based client assets of $240 billion and total client assets of $578 increased 17% and 13%, respectively, year-over-year after excluding the impact of the SIA sale. Growth was driven by strong markets and solid recruiting. We remain on track to reach our full year loan guidance of $4 billion. Total loans grew more than 3% in the month of July led by continued strength in fund banking and residential mortgages. Treasury deposits increased more than $600 million in July, reflecting continued growth in venture deposits. Client money market and insured product balances declined by 5% during the month, primarily due to lower sweep balances.”

Selected Operating Data (Unaudited) As of % Change(millions)7/31/20267/31/2025(1)6/30/2026 7/31/20256/30/2026Total client assets$578,402
$522,303
$580,077
 11%
(0%)
Fee-based client assets$239,844
$209,084
$239,777
 15%
0%
Private Client Group fee-based client assets$209,901
$182,534
$210,049
 15%
(0%)
Bank loans, net (includes loans held for sale)$25,624
$21,605
$24,805
 19%
3%
Client money market and insured product(2)$24,062
$25,683
$25,398
 (6%)
(5%)
Treasury deposits(3)$11,501
$7,246
$10,839
 59%
6%
(1)   Total client assets and Private Client Group fee-based client assets as of July 31, 2025, include $9.8 billion and $4.6 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(2)   Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(3)   Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.

Company Information

Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

Media Contact: Neil Shapiro (212) 271-3447 Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations

BlackRock Inc. acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,074,130 shares of the company’s stock, valued at approximately $422,842,000. BlackRock Inc. owned approximately 10.39% of Hilton Grand Vacations at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Hilton Grand Vacations by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after purchasing an additional 60,624 shares during the period. Mudita Advisors LLP increased its holdings in Hilton Grand Vacations by 11.7% in the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after buying an additional 273,866 shares during the period. UBS Group AG raised its position in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after buying an additional 577,772 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Hilton Grand Vacations by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after buying an additional 521,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after acquiring an additional 1,314,117 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Performance Shares of Hilton Grand Vacations stock opened at $44.94 on Wednesday. The company’s 50 day moving average price is $48.97 and its two-hundred day moving average price is $47.01. The firm has a market capitalization of $3.49 billion, a P/E ratio of 25.39, a P/E/G ratio of 0.45 and a beta of 1.53. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $55.40. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current fiscal year. Hilton Grand Vacations announced that its board has approved a stock repurchase program on Thursday, August 20th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 17% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations In other news, insider Charles R. Jr. Corbin sold 20,691 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total transaction of $970,407.90. Following the sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the sale, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth HGV has been the topic of a number of recent analyst reports. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. The Goldman Sachs Group reduced their target price on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Truist Financial lifted their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Susquehanna began coverage on Hilton Grand Vacations in a report on Tuesday, August 18th. They set a “neutral” rating and a $50.00 price target for the company. Finally, Barclays dropped their price objective on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.89.

Read Our Latest Stock Analysis on Hilton Grand Vacations

(Free Report)

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

Recommended Stories Five stocks we like better than Hilton Grand Vacations Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc. (NYSE:HGV – Free Report).

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TL;DR: The RBNZ’s Wednesday 25bp hike to 2.75% is already priced in, so NZD/USD’s real reaction will hinge on the accompanying rate forecast — ASB expects the OCR to keep climbing to 3.25%, while Westpac sees that same outcome as only a 10-15% probability tail case.

September Hike Looks Like the Low-Drama Part of the Meeting The RBNZ is widely expected to raise the OCR by 25bp from 2.50% to 2.75% when it announces its decision on Wednesday, September 2 at 2pm NZT. Markets are already close to fully pricing that outcome, leaving relatively little room for the headline hike itself to move NZD materially unless the Bank surprises.

The RBNZ’s key interest rate, the Official Cash Rate (OCR), currently sits at 2.50%. Two major New Zealand banks — ASB and Westpac — published detailed previews on August 26, and both arrive at the same headline call: a 25-basis-point hike to 2.75%, agreed by consensus among all six members of the Bank’s rate-setting committee.

ASB’s Senior Economist Mark Smith put it plainly: with the hike “close to fully priced in by financial markets,” the RBNZ is expected to “take the path of least resistance.” Westpac’s Chief Economist Kelly Eckhold reached the identical call independently, also describing it as a likely consensus decision.

When two competing banks agree this closely on the immediate outcome, the actual rate decision becomes low-drama. That’s exactly why this preview focuses less on Wednesday’s number and more on what comes wrapped around it.

A “Sure Thing” That Isn’t Universally Agreed Even so, it’s worth being honest that “priced in” doesn’t mean everyone thinks it’s the right call. The NZIER Monetary Policy Shadow Board — an independent panel of economists surveyed ahead of each decision — published its latest read on August 31, and only just over half of its members actually recommend the hike.

Those in favour, including BNZ’s Stephen Toplis and economist Viv Hall, point to inflation still running above the Bank’s comfort zone. Those preferring to hold, including Dennis Wesselbaum and Kerry Gupwell, note that much of the recent inflation pickup looks supply-driven rather than demand-driven, and that the case for another hike isn’t yet airtight. One panel member, Jarrod Kerr, goes further and argues New Zealand doesn’t have much of an inflation problem left to fight.

ASB and Westpac Agree on Wednesday, Then Diverge Sharply This is where it gets interesting. Both ASB and Westpac agree on Wednesday’s hike — but they disagree meaningfully on what happens for the rest of the year, and that disagreement is worth explaining plainly:

ASB’s view: the OCR keeps rising in a straight line — a hike in September, another in October, another in December — ending the year at 3.25%, a level ASB considers roughly “neutral” (neither stimulating nor restraining the economy). Westpac’s view: September’s hike happens, and then the path becomes genuinely uncertain. Westpac actually treats “two more hikes bringing the OCR to 3.25% by year-end” as its less likely, more hawkish scenario — assigning it only a 10–15% probability. Westpac’s more central expectation is that the RBNZ pauses to assess the data before committing to anything further. In plain terms: what one bank calls its most probable outcome, the other bank calls a low-probability tail case. That’s a real disagreement between two serious economics teams looking at the same numbers — not just a rounding difference — and it’s the single most useful thing to watch for as Wednesday’s statement and press conference unfold.

Both banks do agree on one thing: the RBNZ is very likely to avoid committing to an October move either way, preferring to say future decisions depend on incoming data. That means the accompanying rate forecast the Bank publishes alongside its decision — not the hike itself — is the thing markets will actually trade off on Wednesday.

The Committee Has Become More Unified, but the Risk Debate Isn’t Settled The RBNZ’s own voting history shows how the policy debate has shifted. In May, the committee split 3–3 between holding and hiking, with Governor Anna Breman’s tie-breaking vote favoring no change. By July, the same six-member committee had moved to unanimous support for raising the OCR to 2.50%.

That progression suggests the direction of travel has become clearer. But July minutes also showed disagreement had moved from the immediate decision to assessment of what comes next. Two members saw inflation risks tilted to the upside, while four judged risks broadly balanced.

A unanimous September hike would therefore not necessarily mean the committee has reached consensus over the full tightening path. The more important signal will be whether the forecasts and statement imply September is another step toward neutral, or whether the RBNZ is preparing to pause after delivering it.

Oil Has So Far Been Kinder Than the RBNZ Feared Energy remains central to the inflation backdrop. In May, the RBNZ based forecasts on Dubai crude gradually falling toward roughly US$96 a barrel by year-end and published alternative scenarios showing how different oil outcomes could affect rates.

Under a scenario where oil remained near $120 and firms passed higher costs through aggressively, the RBNZ estimated the OCR could ultimately need to rise as high as 4.30%. If oil remained elevated but firms absorbed more of the shock, the projected peak was closer to 3.60%. If oil fell broadly as expected and weaker spending became the dominant force, the Bank indicated rates could simply remain on hold.

Actual oil prices have so far developed more favorably. Dubai crude stood at $88.72 on August 28, below the RBNZ’s baseline assumption rather than above it. That helps explain why current rate expectations are far removed from the Bank’s most hawkish oil scenario.

The risk hasn’t disappeared. Renewed Middle East escalation on August 30 pushed Brent back above $90, raising the possibility of another inflation shock if disruption becomes persistent. But for now, oil hasn’t delivered the kind of sustained upside surprise that would by itself justify moving toward the RBNZ’s aggressive tightening scenarios.

Domestic Data Give the RBNZ Reasons for Both Action and Caution Inflation peaked at 3.9% in the June quarter, slightly below the RBNZ’s earlier forecast, and is projected to ease toward 3.3% in the September quarter. Inflation expectations across households, businesses, and professional forecasters also softened in September-quarter surveys, broadly reversing part of the increase associated with the earlier oil shock.

The labor market is less supportive of aggressive tightening. Unemployment reached 5.6% in the June quarter, a little weaker than the RBNZ had expected. That argues against assuming September automatically begins a rapid sequence of hikes.

Financial conditions have meanwhile moved in both directions. The New Zealand Dollar and market interest rates tightened in May, eased in July, and tightened again through August. Broader US Dollar strength following Fed Chair Warsh’s hawkish Jackson Hole speech has added another external tightening force. That matters because the RBNZ is deciding how much domestic policy restraint is still required in an environment where some tightening is already arriving through markets.

What to Actually Watch on Wednesday The published interest rate forecast, not the hike. Look specifically at where the RBNZ projects rates will end the year and where they’ll peak. If that number lands notably below what markets are currently expecting, it could actually weigh on the New Zealand Dollar even though the Bank is hiking. Any hint about an October move. Both major banks expect the RBNZ to avoid committing either way. A clearer signal in either direction — more hawkish or more dovish than expected — would be the real surprise of the day. Governor Breman’s tone in the press conference. Given her deciding role in May’s tied vote, her communication style carries extra weight even now that the committee has converged. ActionForex’s Technical View on NZD/USD Despite last week’s notable retreat on broad USD strength, downside remains relatively contained. The rising channel off the 0.5625 low remains intact, keeping the case for a resumed rally in force. A break above 0.5987 remains favoured at a later stage as the next bullish trigger.

There’s nevertheless a warning from momentum. Bearish divergence is visible in the 4H MACD, while the recent decline has pushed the pair back toward channel support. A firm break of that floor would confirm a short-term top, opening a deeper corrective decline toward the 38.2% retracement of the 0.5625–0.5987 leg, at 0.5849.

The daily picture puts 0.6000 into better perspective. A break above the nearby 0.5993 swing high would open the way toward the 0.6092/0.6119 resistance cluster. That area sits inside a much larger range that has contained NZD/USD for more than a year and is likely to cap upside on the first attempt.

Wednesday therefore presents two technical tests. Near term, the question is whether RBNZ communication is strong enough to keep the rising 4H channel intact and push the pair through the psychological 0.6000 area. Medium term, clearing 0.6092/0.6119 on anything more than a temporary basis would likely require a genuine repricing of the RBNZ-Fed policy differential rather than the expected 25bp hike alone.

The OCR Track Is Where Surprise Risk Lives With September’s hike already heavily discounted, NZD’s reaction is likely to depend on where the RBNZ sees rates at year-end and at the eventual peak. A track consistent with continued tightening toward 3.25% would lean toward ASB’s view and give NZD a better chance of challenging 0.6000 and beyond. A flatter path implying a pause after September would align more closely with Westpac’s central case and could leave the Kiwi vulnerable despite the higher OCR.

That’s why Wednesday is less about whether the RBNZ hikes and more about whether the Bank validates the tightening markets expect after it. The headline decision may be largely priced. The OCR track is not.

Key Takeaways Wednesday’s 25bp RBNZ hike to 2.75% is already close to fully priced in, meaning the accompanying rate forecast will drive NZD’s reaction, not the decision itself. ASB expects the OCR to keep climbing to 3.25% by year-end, while Westpac treats that same outcome as only a 10-15% probability, favoring a pause instead. Even a unanimous hike wouldn’t confirm committee consensus on the full tightening path, since July minutes already showed a split over how upside inflation risks are assessed. Oil has stayed below the RBNZ’s baseline assumption so far, keeping current rate expectations well short of the Bank’s most hawkish tightening scenarios. NZD/USD holds a bullish bias above the rising channel floor, with 0.5987 the next trigger and 0.6092/0.6119 the bigger medium-term test that likely needs more than a 25bp hike to clear.

ActionForex

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

BETHLEHEM, Pa., Aug. 25, 2026 (GLOBE NEWSWIRE) -- On August 13, 2026, Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended June 30, 2026, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx.

Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the “Bank”), the Company’s wholly owned subsidiary, include:

Cash and cash equivalents on hand of $132.9 million at June 30, 2026, or 7.2% of total assets.Deposits of $1.69 billion at June 30, 2026, an increase of $53.4 million from $1.64 billion at December 31, 2025. The Company does not have any brokered deposits.There were no short-term or long-term borrowings outstanding as of June 30, 2026 or required during the quarter then ended.Bank net interest margin (FTE) increased to 2.69% for the quarter ended June 30, 2026, up from 2.43% for the quarter ended June 30, 2025.Bank return on average assets of 0.91% and Bank return on average equity of 13.63% for the quarter ended June 30, 2026.Bank cost of funds of 1.68% for the quarter ended June 30, 2026, down from 1.81% for the quarter ended June 30, 2025. This is compared to a Pennsylvania peer group (stock banks headquartered in Pennsylvania with assets between $100 million and $5 billion) cost of funds of 1.89% for the quarter ended June 30, 2026.Bank assets per employee of $15.2 million at June 30, 2026, compared to the Pennsylvania peer group assets per employee of $8.0 million.Bank noncurrent loans to total loans of only 0.05% as of June 30, 2026, compared to the Pennsylvania peer group total of 0.76%.Declared an annual cash dividend of $0.55 per share to shareholders during the quarter ended June 30, 2026. This is an increase from the $0.48 per share annual cash dividend declared during the quarter ended June 30, 2025.Net income of $4.1 million and $7.9 million, or $0.56 and $1.05 per diluted share, for the three and six months ended June 30, 2026, respectively, up from $3.4 million and $6.3 million, or $0.45 and $0.83 per diluted share, for the prior year three and six months ended June 30, 2025, respectively. About Embassy Bancorp, Inc.

Embassy Bancorp, Inc., with over $1.8 billion in assets, is the parent company of Embassy Bank For the Lehigh Valley, a full-service community bank that has served Pennsylvania’s Lehigh Valley since 2001. With ten branch locations and a comprehensive suite of digital banking services, Embassy Bank remains committed to providing exceptional financial solutions to the community.

Embassy Bank was recently named the Lehigh Valley’s “Best Bank & Mortgage Company” for the fifth consecutive year by the Who’s Who in Business survey published in Lehigh Valley Style magazine. The Bank also ranks fourth in deposit market share across Lehigh and Northampton Counties as of June 2025, earned The Morning Call’s “Best Bank” designation in 2025, and continues to hold a 5-Star Bauer Financial rating, reflecting its strong performance and long-standing stability.

For more information, visit www.embassybank.com.

Safe Harbor for Forward-Looking Statements

This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the company’s business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; difficulties in integrating distinct business operations, including information technology difficulties; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Embassy Bancorp, Inc.’s filings with the U.S. Securities and Exchange Commission (SEC). The statements are valid only as of the date hereof and Embassy Bancorp, Inc. disclaims any obligation to update this information.

Contact:
David M. Lobach, Jr.
Chairman, President and CEO
(610) 882-8800

Freestone Grove Partners LP bought a new stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,113 shares of the oil and gas company’s stock, valued at approximately $1,307,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Marathon Petroleum during the second quarter valued at approximately $6,648,958,000. State Street Corp boosted its holdings in shares of Marathon Petroleum by 0.3% in the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock valued at $2,916,660,000 after purchasing an additional 47,896 shares in the last quarter. Boston Partners increased its stake in shares of Marathon Petroleum by 2.3% in the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after purchasing an additional 141,691 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at $1,029,611,000. Finally, Norges Bank acquired a new position in shares of Marathon Petroleum during the 4th quarter worth $472,312,000. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes MPC has been the topic of several research analyst reports. Barclays raised their price objective on Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating and set a $321.00 target price on shares of Marathon Petroleum in a research note on Friday, July 10th. Piper Sandler increased their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Bank of America raised their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Finally, Evercore set a $330.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $312.50.

View Our Latest Research Report on Marathon Petroleum Marathon Petroleum Trading Up 1.5% Shares of MPC stock opened at $369.00 on Friday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $369.12. The stock’s fifty day simple moving average is $308.87 and its 200 day simple moving average is $260.20. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $107.73 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.24 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the company earned $3.96 earnings per share. The business’s quarterly revenue was up 53.5% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Insider Activity at Marathon Petroleum In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,032 shares of company stock worth $8,744,213 in the last quarter. 0.17% of the stock is owned by insiders.

Marathon Petroleum Company Profile (Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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Boston Scientific (BSX.N) said on Wednesday that a cybersecurity incident had disrupted global operations, ​including some information systems used to process ‌and ship customer orders.

The medical device maker said it detected the incident on August 25 and had activated incident-response ​procedures, working with third-party cybersecurity specialists to investigate ​and contain the threat.

Shares of the company fell ⁠about 4% in morning trading.

The incident is the latest ​in a series of cyberattacks to hit the healthcare ​sector, with medical device makers Abbott Laboratories (ABT.N), Stryker (SYK.N) and Medtronic (MDT.N), health insurer Clover Health (CLOV.O), drugmaker Novo Nordisk (NOVOb.CO) and drug-delivery equipment supplier ​West Pharmaceutical Services (WST.N) among those recently hit.

The attack ​is expected to continue affecting parts of the company's business ‌while ⁠recovery efforts are underway, Boston Scientific said.

Evercore ISI analyst Vijay Kumar said Stryker's cybersecurity incident earlier this year took about three weeks to resolve and assuming ​a similar recovery ​timeline, Boston ⁠Scientific could face a roughly 600 to 700 basis-point impact on third-quarter revenue.

Boston ​Scientific said it has not determined ​whether the ⁠incident was reasonably likely to have a material impact on its business.

An investigation is ongoing, but the ⁠full ​scope and nature of the incident ​have not yet been determined, the company said.

Bank of Nova Scotia acquired a new stake in shares of Edison International (NYSE:EIX – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 168,606 shares of the utilities provider’s stock, valued at approximately $12,553,000.

Other large investors have also modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Edison International in the 2nd quarter worth about $2,586,000. Goldman Sachs Group Inc. boosted its position in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Edison International in the first quarter valued at about $1,503,000. Del Sette Capital Management LLC acquired a new position in Edison International in the first quarter valued at about $3,275,000. Finally, Pinebridge Investments LLC bought a new stake in Edison International during the fourth quarter worth about $46,548,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance Edison International stock opened at $73.97 on Tuesday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $28.46 billion, a P/E ratio of 7.63, a PEG ratio of 5.56 and a beta of 0.66. The business has a 50-day moving average of $74.17 and a 200-day moving average of $72.14.

Edison International (NYSE:EIX – Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts anticipate that Edison International will post 6.13 EPS for the current year. Edison International Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s dividend payout ratio is presently 36.19%.

Wall Street Analyst Weigh In EIX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley decreased their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday. Mizuho raised their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.45.

Check Out Our Latest Stock Report on EIX

(Free Report)

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.

See Also Five stocks we like better than Edison International Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX – Free Report).

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31.08.2026 9:08

ČEZ, a. s. (IČ 45274649)

Společnost ČEZ, a.s. zveřejňuje Pololetní finanční zprávu za rok 2026.

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31.08.2026 11:45Dluhopisy neudržely zisky a kazí tržní sentiment i začátkem nového týdne   11:37Primoco v pololetí meziročně klesl čistý zisk na 29,8 milionu 10:40BYD poprvé vydělává více v zahraničí než doma. Akcie po výsledcích klesají 10:06Ekonomika ČR loni rostla rychleji než průměr EU, výrazně se zvýšil i dluh 9:08ČEZ, a.s.: Skupina ČEZ - Pololetní finanční zpráva 2026 9:08Rozbřesk: Česko roste díky spotřebě a investicím, dražší energie mohou ekonomiku brzdit 8:48Primoco zveřejnilo výsledky, Evropa zahájí poklesem, v Británii je dnes zavřeno   6:02Skutečný důvod, proč evropské akciové trhy nedosáhnou na ty americké 30.08.2026 8:40Víkendář: Nezamýšlené důsledky nových technologií 29.08.2026 8:36Víkendář: Německo čelí velkým výzvám, ale není to poprvé 28.08.2026 22:03Wall Street ustála jestřábí tón Fedu, a tak investoři i nadále věří v sílu amerických akcií   18:07Je plánem čínský globální monopol? 17:03Warsh jestřábím projevem zvýšil sázky na růst sazeb a potěšil trhy   16:50Bloomberg: Venezuela zvažuje odchod z ropného kartelu OPEC, který spoluzaložila 16:06Rohlik.cz Finance II a.s. : Výroční zpráva společnosti 16:04Bernstein: Ve světě je nový zdroj poptávky po kapitálu, probíhat bude postupný úpadek důvěryhodnosti amerických dluhopisů 14:20Od května jsou akcie Alphabetu na ústupu. Skepsi vyvolaly odchody talentů, zpoždění nových modelů či rostoucí náklady 12:21Braňo Soták: Po výtečné Nvidii nejsou čísla od Marvellu dost dobrá, akcie v premarketu padají o 8 %   12:16Advent a Stripe vzdaly snahu převzít za 53 miliard dolarů PayPal 11:04Pozice akcií se před víkendem zhoršuje, Evropa jde ale vlastní cestou  
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ČasUdálost 3:30Čína - PMI v průmyslu 14:00DE - Harmonizovaný CPI, y/y

Největšímu světovému výrobci elektromobilů BYD klesl v letošním prvním pololetí čistý zisk meziročně o 20,5 procenta na 12,3 miliardy jüanů. Nižší oproti loňsku byly i tržby, jež klesly o 7,1 procenta na 344,8 miliardy jüanů. Hlavním důvodem je silná konkurence na domácím trhu v kombinaci se zhoršenou poptávkou. Přesto BYD dosáhla historického milníku, když vykázala rekordní exportní čísla.

Tržby společnosti na zahraničních trzích totiž poprvé překonaly příjmy z domácího čínského trhu. Konkrétně tržby mimo Čínu vzrostly meziročně o 34 procent na 181,3 miliardy jüanů (zhruba 27 mld. USD). Zahraniční prodeje tak představují 53 procent celkových příjmů automobilky. Naopak v regionu Velké Číny se tržby propadly o 31 procent.

Díky silnějším výsledkům v zahraničí se společnosti zvýšil alespoň čistý kvartální zisk, a to poprvé za posledních pět čtvrtletí, když ve druhém kvartálu dosáhl 8,2 mld. juanů (1,2 mld. USD), což představuje 30procentní růst.

Vývoj na domácím trhu potvrzuje rostoucí problémy čínského automobilového trhu. Přestože se jedná o největší automobilový trh světa, tak konkurenční boj vedoucí mj. ke snižování marží dosáhl takové intenzity, že ani domácí lídr není schopen spoléhat na stabilní ziskovost. Výrobci proto hledají příležitosti za hranicemi, kde mohou prodávat vozy za vyšší ceny a dosahovat výrazně lepších marží, informuje Bloomberg.

Ve své pololetní zprávě BYD uvedla, že čínský automobilový sektor vstoupil do fáze „hlubokých změn a diferenciace“, kterou charakterizuje slabší domácí poptávka, a naopak rychlý růst exportu. Firma zároveň očekává, že její zahraniční expanze bude pokračovat i ve druhé části roku.

Akcie společnosti nereagovaly na výsledky pozitivně. V pondělí ráno v Hongkongu vykazovaly přibližně pětiprocentní pokles.
Pro tradiční zahraniční automobilky je každopádně situace v Číně ještě horší. Značky jako Volkswagen nebo Mercedes-Benz po dvě desetiletí těžily z rychlého růstu čínské ekonomiky a automobilového trhu, teď se ale karta obrátila – stále více čínských zákazníků dává přednost domácím značkám, protože zahraniční vozy považuje za drahé a technologicky méně atraktivní.

Útlum v čínském automobilovém průmyslu pokračuje už desátý měsíc v řadě. Podle údajů China Passenger Car Association se prodeje osobních vozů v červenci meziročně snížily o 21 procent. Pokračující cenová válka nutí výrobce snižovat ceny, což se negativně promítá do tržeb i ziskovosti.

Další vrstvu nejistoty představuje přísnější dohled čínských úřadů. Peking v posledních měsících avizoval detailnější kontrolu rychlého vývoje nových modelů a chce zajistit, aby výrobci ve snaze o uvedení novinek na trh neomezovali bezpečnostní standardy.

Právě export je proto pro čínské automobilky klíčovým motorem růstu. V červenci vzrostly zahraniční dodávky osobních vozidel z Číny meziročně o 88 procent. Hlavní výhodu pro čínské značky představuje skutečnost, že mohou své automobily prodávat výrazně dráž než doma, a přesto jsou vůči místním výrobcům cenově konkurenceschopné, upozorňuje Bloomberg.

Příkladem budiž plug-in hybridní SUV BYD Seal U. Zatímco na německém trhu začíná jeho cena na 39 900 eurech, tak domácí čínská verze se prodává za méně než polovinu této částky. Vyšší zahraniční marže se následně promítají do hospodaření firmy, o čemž svědčí i výše zmíněné výsledky za samotný druhý kvartál.

I když tempo prodejů zatím zaostává za celoročními cíli společnosti, tak analytici očekávají, že zlepšená čísla (za 2Q) budou pokračovat i ve druhé polovině roku. Odhady sestavené Bloombergem dokonce předpokládají, že zisky a tržby dosáhnou ve čtvrtém čtvrtletí rekordních maxim.

Zpoždění nové továrny v Maďarsku

Na druhé straně rizika ale zůstávají značná. Pro čínské výrobce je americký trh prakticky uzavřen a také v Evropě sílí snahy o omezení dovozu vozidel z Číny. Evropská unie již zavedla dodatečná cla na elektromobily vyrobené v Číně a podle médií zvažuje obdobný postup i u hybridních vozů. Podobná opatření přijaly také některé další země včetně Brazílie a Mexika.

BYD na to reaguje po svém: část automobilů plánuje vyrábět přímo v regionech. Třeba její vlajková továrna v Maďarsku ale čelí komplikacím. Projekt se dostal pod zvýšený dohled kvůli tvrzením o pracovních podmínkách u subdodavatelů a změna politické garnitury v zemi vedla k přezkoumávání dříve schválených pobídek a daňových úlev. Zahájení výroby se proto posunulo přibližně o rok a nyní se očekává až ve čtvrtém čtvrtletí.

31.8.2026 09:31, MBG

Index DAX odepisuje 0,5 % na 26 437,72 b.

Německé akcie, měřené indexem DAX, v úvodu pondělní seance oslabují.

Automobilka Mercedes-Benz (-0,2 %) se rozhodla spustit program zpětného odkupu akcií. Zpětný odkup bude v celkovém objemu až 1 mld. EUR, přičemž zahájení programu je naplánováno na 1. září 2026 a jeho dokončení na 6. dubna 2027.

Index DAX -0,5 % na 26 437,72 b. Nejsilnější akcie Změna Nejslabší akcie Změna BASF (BAS) +1,2 % Siemens Energy (ENR) -4,0 % Brenntag (BNR) +1,2 % MTU Aero Engines (MTX) -1,6 % Continental (CON) +1,1 % Vonovia (VNA) -1,5 % Bayer (BAYN) +0,5 % HOCHTIEF AG (HOT) -1,2 % GEA Group AG (G1A) +0,4 % Rheinmetall AG (RHM) -0,8 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

Související odkazy Frankfurtská burza v úvodu obchodování posiluje, Mercedes-Benz posiluje po výsledcích Frankfurt zakončuje týden v červených číslech Mercedes-Benz začne diskutovat s odbory snížení počtu zaměstnanců Německé akcie v úvodu obchodování oslabují v čele s automobilkami Frankfurtská burza dnes posílila

A month has gone by since the last earnings report for TransUnion (TRU - Free Report) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is TransUnion due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for TransUnion before we dive into how investors and analysts have reacted as of late.

TransUnion's Q2 Earnings Beat EstimatesTransUnion reported impressive second-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.

TRU’s adjusted earnings of $1.23 per share topped the Zacks Consensus Estimate by 7.9% and increased 13.9% from the year-ago quarter’s level. The performance extended the company’s strong start to 2026.

Revenues of $1.31 billion surpassed the consensus estimate by 1.7% and rose 14.9% year over year. Organic constant-currency revenues grew 10% from the year-ago quarter, led by U.S. Financial Services and Emerging Verticals.

TRU's U.S. Markets Growth BroadensU.S. Markets revenues increased 11% to $992.7 million. Financial Services revenues climbed 18% to $496.3 million, reflecting strength across credit and non-credit offerings, pricing actions and new client wins.

Excluding FICO mortgage royalties, Financial Services growth was 10%. Credit Card and Banking revenues increased 6%, while Consumer Lending and Auto each grew 8%. Mortgage revenues advanced 37%, or 15% excluding the royalty benefit, despite a 7% decline in inquiries.

Emerging Verticals revenues rose 9% to $353.9 million. Insurance delivered its eighth consecutive quarter of double-digit growth, while technology, retail and e-commerce produced high-single-digit growth.

Consumer Interactive revenues declined 3% to $142.5 million. Growth through indirect channels was offset by continued weakness in the direct-to-consumer business.

TransUnion's International Growth AcceleratesInternational revenues increased 27% to $320.8 million, including the contribution from Trans Union de Mexico. On an organic constant-currency basis, growth accelerated to 6% from flat performance in the first quarter.

Canada revenues rose 10% to $46.4 million, supported by financial services, fintech and insurance demand. The United Kingdom revenues increased 9% to $73.5 million, benefiting from market-share gains and new business across banking and fintech.

India revenues returned to growth, rising 8% on a constant-currency basis, as credit volumes improved and new client wins strengthened. Latin America grew 5% organically, while Africa advanced 5%. Asia Pacific declined 7%, although management expects the region to return to growth in the second half.

Trans Union de Mexico continued to perform ahead of the company’s acquisition assumptions. Management plans to expand its data coverage, introduce TruIQ analytics and eventually migrate the business to the OneTru platform.

TRU's Margin Picture Reflects Royalty DragAdjusted EBITDA increased 12% to $456.1 million. The adjusted EBITDA margin contracted 90 basis points to 34.8%, with management attributing the decline entirely to FICO mortgage royalties.

U.S. Markets adjusted EBITDA rose 7% to $361 million, while its margin declined to 36.4% from 37.9%. International adjusted EBITDA increased 27% to $136.8 million, while its margin held steady at 42.7%.

GAAP net income attributable to TransUnion increased to $143.4 million from $109.6 million. Diluted GAAP earnings were 74 cents per share, up from 56 cents in the prior-year quarter.

TransUnion's Cash Flow Supports BuybacksTransUnion ended June with $839.1 million in cash and cash equivalents and $5.59 billion in total debt. Its leverage ratio declined to 2.6X, supported by adjusted EBITDA growth.

Cash provided by operating activities totaled $459.1 million in the first six months of 2026, up from $343.8 million a year earlier. Capital expenditures decreased to $134.4 million from $145.4 million.

The company repurchased roughly $150 million of shares through July, including 2.1 million shares at an average price of about $71. Management expects second-half repurchases to be at least comparable to the first-half pace while continuing to target leverage below 2.5X.

TRU’s Q3 & 2026 OutlookFor the third quarter, TransUnion expects revenues to be between $1.292 billion and $1.310 billion, representing reported growth of 11-12%. Organic constant-currency growth is projected at 6-8%.

TRU guided its third-quarter 2026 adjusted earnings to be between $1.18 and $1.21 per share. Adjusted EBITDA is anticipated to be between $455 million and $463 million, with a margin of 35.2-35.4%.

For 2026, the company raised its revenue outlook to $5.127-$5.162 billion, implying growth of 12-13%. Organic constant-currency growth remains projected at 8-9%.

Adjusted EBITDA is expected between $1.807 billion and $1.827 billion. Adjusted earnings guidance increased to $4.75-$4.83 per share from the earlier range of $4.68-$4.75, reflecting stronger first-half execution and improved contributions from Mexico.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.

VGM ScoresAt this time, TransUnion has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, TransUnion has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Deutsche Bank AG bought a new position in American States Water Company (NYSE:AWR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,001 shares of the utilities provider’s stock, valued at approximately $5,784,000. Deutsche Bank AG owned about 0.18% of American States Water as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its position in American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of American States Water by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after acquiring an additional 1,388 shares during the period. Jones Financial Companies Lllp increased its stake in shares of American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock worth $370,000 after purchasing an additional 4,160 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock worth $22,394,000 after purchasing an additional 25,333 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in American States Water by 2,606.4% in the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after purchasing an additional 86,402 shares during the period. Institutional investors own 75.24% of the company’s stock.

American States Water Trading Up 2.7% AWR stock opened at $90.99 on Tuesday. American States Water Company has a 1-year low of $69.45 and a 1-year high of $91.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.35 and a beta of 0.57. The business has a 50 day simple moving average of $84.98 and a two-hundred day simple moving average of $78.99.

American States Water (NYSE:AWR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. The company had revenue of $181.29 million for the quarter, compared to the consensus estimate of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. American States Water’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Research analysts anticipate that American States Water Company will post 3.68 EPS for the current fiscal year. American States Water Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be given a dividend of $0.5455 per share. The ex-dividend date is Monday, August 17th. This is a positive change from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. American States Water’s dividend payout ratio (DPR) is 59.73%.

Insider Activity In other news, Director Anne M. Holloway sold 900 shares of American States Water stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the sale, the director directly owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In AWR has been the topic of several analyst reports. Freedom Capital upgraded American States Water to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings raised American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Zacks Research cut American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Get Our Latest Research Report on American States Water

(Free Report)

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.

See Also Five stocks we like better than American States Water Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here

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Shares of Celsius Holdings Inc. (NASDAQ:CELH) are trading lower Thursday morning, breaking a multi-week recovery effort. The retreat follows a Wall Street analyst downgrade by Deutsche Bank.

Here’s what investors need to know.

Celsius Holdings stock is taking a hit today. What’s weighing on CELH shares? Deutsche Bank Downgrade Triggers Premarket Selling PressureThe primary catalyst driving Thursday’s decline was a downgrade from Deutsche Bank, which lowered its rating on Celsius Holdings from Buy to Hold.

The bank cited lingering execution headwinds following the company’s second-quarter earnings report on Aug. 6, where Celsius posted revenue of $817.9 million (missing Wall Street expectations of $870 million) and a 11.7% year-over-year sales decline in its flagship Celsius brand.

Recent Institutional Inflows and Leadership Changes Face RetestThe pullback interrupts a recent rally fueled by regulatory filings on Aug. 13, revealing that Ranger Investment Management L.P. initiated a new 465,470-share stake, alongside management restructuring announced on Aug. 10, promoting Tyler Bohannon to Chief Commercial Officer.

Thursday’s downgrade underlines that despite portfolio contributions from newly integrated brands like Alani Nu and Rockstar Energy, investors could remain cautious over core brand trajectory and inventory rebalancing in the second half of the year.

CELH Shares Fall Thursday MorningCELH Price Action: Celsius Holdings shares were down 5.22% at $33.38 during premarket trading on Thursday, according to Benzinga Pro data.

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USDJPY tested the 160 mark for the first time in a month. Kevin Warsh’s ‘hawkish’ rhetoric provided support for the US dollar. The US dollar reacted enthusiastically to Kevin Warsh’s ‘hawkish’ rhetoric, strengthening against the world’s major currencies. The recent slowdown in inflation did not mislead the Fed Chair. He considers the current monetary policy to be insufficiently restrictive and maintains that the central bank still has a lot of work to do. Such rhetoric led to a rise in Treasury bond yields, put the brakes on stock indices and gave the greenback a boost.

The futures market has raised the probability of a Fed rate hike in September from 38% to 60%. CME derivatives put the probability of two federal funds rate hikes in 2026 at 49%. Prior to Kevin Warsh’s speech at Jackson Hole, the figure stood at 21%.

The escalation of the conflict in the Middle East is adding fuel to the fire of rising economic indicators. For the first time since 29 July, the US resorted to bombing Iran, to which Tehran responded with attacks on American bases in Jordan. As a result, Brent crude has risen back above $90 per barrel, heightening the risk of accelerating inflation and prompting the Federal Reserve to tighten monetary policy.

The strengthening of the US dollar enabled the ‘bulls’ on USDJPY to push the exchange rate above the critical 160 mark. It did not manage to hold that level on the first attempt. However, the fact that speculators have been building up short positions on the yen for the second week running suggests that further ones will follow this initial attempt. The pair recouped half of its losses due to currency intervention, which totalled a record $98.7 billion.

Scott Bessent was forced to explain to Congress Washington’s involvement in the coordinated intervention in the forex market. According to the Treasury Secretary, Japan is the largest holder of Treasuries, and erratic movements in the yen could destabilise financial markets and increase the cost of borrowing in the US.

Scott Bessent has no intention of telling the Bank of Japan what to do. However, the Bank must have a clear understanding of the situation. Japan has reached the end of Abenomics, which was essentially a reflationary programme. This is a clear hint at the need to raise the overnight rate at the BoJ’s next meeting in September. The futures market puts the probability of monetary policy tightening at over 80%. Without this, currency interventions make no sense.

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FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

A month has gone by since the last earnings report for Sonos (SONO - Free Report) . Shares have added about 4.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Sonos due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Sonos, Inc. before we dive into how investors and analysts have reacted as of late.

Sonos Q3 Earnings Beat

Sonos reported third-quarter fiscal 2026 non-GAAP earnings of 27 cents per share, which soared 52% year over year and topped the Zacks Consensus Estimate of 24 cents. The 12.5% surprise reflected higher sales and disciplined spending despite rising memory costs.

Revenues increased 9% to $375 million, beating the $367 million consensus by 2.3%. Speaker demand and international expansion supported growth. Sonos’ installed base exceeded 53 million connected devices across more than 17 million homes.

Segment Details

Revenues from Sonos speakers rose 12.5% year over year to $285.3 million and remained the company’s largest product category. The quarter included the first full period of availability for Sonos Play and Era 100 SL, both of which contributed meaningfully to revenue growth.

Sonos system products generated $69.3 million, down 5.4%. Partner products and other revenues increased 15.4% to $20.7 million. Amp Multi is scheduled to ship on Aug. 25, extending the company’s offering for professional installers and larger multi-zone projects.

Overseas Markets Outpace the Americas

Americas revenues advanced 3.8% to $238.4 million. Europe, the Middle East and Africa revenues climbed 17.4% to $114.2 million, while Asia-Pacific sales increased 27.2% to $22.7 million.

Foreign exchange added about one percentage point to reported growth. On a constant-currency basis, total revenues rose 7%, accelerating three percentage points from the second quarter.

Margin Gains Offset Memory Inflation

Non-GAAP gross profit increased 10.8% to $170.8 million. Non-GAAP gross margin expanded 80 basis points (bps) to 45.5%, even as higher memory costs created a $14 million year-over-year burden and reduced the margin by roughly 380 bps.

GAAP gross margin was 50.4%, including a $23.2 million benefit from refunds of previously paid tariffs. Excluding that non-recurring benefit, GAAP gross margin was 44.3%, up 90 bps year over year.

GAAP operating expenses increased 3.4% to $157.8 million, mainly due to employee compensation, litigation spending and restructuring charges. Non-GAAP operating expenses rose 2.7% to $134.6 million and remained below the levels recorded in the first two quarters of fiscal 2026.

Adjusted EBITDA grew 23.5% to $44 million, with the margin improving to 11.7% from 10.3%. Non-GAAP operating income reached $36.2 million, up 57.3%, as gross-profit growth outpaced the increase in adjusted expenses.

Cash provided by operating activities increased 23.5% to $46.2 million. Free cash flow rose 23.3% to $40.3 million, while cash and marketable securities totaled $261 million at quarter-end.

Sonos repurchased 2 million shares for $30 million, leaving $35 million under its authorization. Inventories were $158 million, up 37% year over year due to higher memory costs, new product launches and capitalized tariffs.

Q4 Guidance

For the fourth quarter of fiscal 2026, SONO expects revenues of $325 million to $355 million, representing 13% to 23% growth. The 14-week quarter includes an extra week expected to add about $24 million in sales and eight percentage points to growth. Excluding that benefit, growth is projected at 4% to 15%.

GAAP gross margin is forecast between 39% and 41%, with non-GAAP gross margin about 120 bps higher. Management expects memory inflation to reduce gross profit by $35 million year over year. Adjusted EBITDA is projected between a loss of $11 million and a profit of $18 million.

For fiscal 2026, Sonos expects revenue growth of 6% to 8%, or 4% to 6% excluding the extra week. Adjusted EBITDA is projected at $181 million, up 37%, with an 11.7% margin. Management expects memory-mitigation actions to phase in through fiscal 2027.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.

The consensus estimate has shifted 23.81% due to these changes.

VGM ScoresCurrently, Sonos has a great Growth Score of A, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. Notably, Sonos has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

World Liberty Financial launches USD1 natively on Canton NetworkLatest NewsPublishedAug 25, 2026

USD1 is the sixth-largest stablecoin, with a market capitalization of more than $4 billion, according to industry data.

World Liberty Financial has launched its USD1 stablecoin natively on the Canton Network, allowing institutions to use it to settle transactions involving tokenized real-world assets.

The stablecoin can be used as the cash leg for transactions including derivatives collateral, institutional lending, asset issuance and redemptions, according to a Tuesday announcement.

Native issuance allows USD1 to settle alongside tokenized assets in the same transaction while using Canton’s privacy and permissioning controls.

USD1 has a market capitalization of about $4.05 billion, making it the sixth-largest stablecoin, according to DeFiLlama data. The stablecoin is issued by BitGo Bank & Trust, which manages its reserves and processes mints and redemptions, according to World Liberty.

World Liberty Financial is a Trump family-backed crypto venture launched in 2024. USD1 debuted in March 2025 and is backed by reserves including short-term US Treasurys, government money market funds and dollar deposits, according to the company.

Canton, a public, permissionless blockchain designed for institutional finance, says it processes and issues more than $9 trillion in tokenized assets each month, with more than $350 billion in onchain US Treasurys moving across the network daily.

The integration follows another Canton expansion announced last week, when Digital Asset and former US House Speaker Paul Ryan’s American Idea Foundation unveiled plans to pilot a Canton-based system for distributing state-administered benefits across three US states beginning in 2027.

Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The nonprofit consumer advocacy organization Public Citizen reported that US President Donald Trump “left investors at least an estimated $4.7 billion underwater” since 2022 through his and his family’s digital asset ventures.

According to Public Citizen, investors lost billions of dollars through the Trump family World Liberty Financial governance token, the president’s nonfungible token (NFT) trading cards launched in 2022, his memecoin Official Trump (TRUMP) and Trump Media’s digital asset treasury. 

The bulk of the estimated losses, according to the organization, came from investors in the TRUMP memecoin, with $3.2 billion lost, while buyers of World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses.” Public Citizen said that in the case of the memecoin, the losses represented “wealth transferred to a small group of early buyers rather than money that simply vanished.”

Estimated losses for investors in Donald Trump’s crypto ventures. Source: Public Citizen

According to Public Citizen, amid the $4.7 billion in investor losses, Trump earned $7.2 million from the NFT licensing fees and royalties, more than $600 million from World Liberty token sales and selling an equity stake, $635 million in licensing fees for his memecoin and $197 million in revenue from capital contributions to World Liberty. This did not reflect the stakes in companies and ventures he continues to hold. Some of the figures were included in the president’s 2025 disclosures, reporting $1.4 billion in earnings tied to crypto.

Cointelegraph reached out to the White House for comment but did not receive an immediate response. Spokesperson Anna Kelly has repeatedly said in response to questions on Trump’s crypto investments that there were “no conflicts of interest.”

Crypto bill still weeks away from potential voteAmid the crypto ventures and more “potentially on the way” from Trump, the group renewed calls for ethics provisions in a cryptocurrency market structure bill, the Digital Asset Market Clarity (CLARITY) Act, claiming that “the president’s policy choices and personal portfolio cannot be separated” and any legislation should require a US president and his family to divest from projects in the industry.

Trump met with crypto company executives last week, calling for a “fair version” of the CLARITY Act to pass once the Senate returns to session next month. The bill is scheduled for a cloture vote on Sept. 15, which will require votes from at least 60 senators to advance.

Magazine: SEC’s proposed crypto rules probably won’t spark new ICO boom

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Pump.fun has added full support for HyperEVM tokens to its trading app. Users can trade HyperEVM assets directly against USDC. HyperEVM trades carry a 0.1% fee, while Solana trading remains free. The expansion moves Pump.fun further beyond its original Solana launchpad model. Pump.fun has expanded its trading app to HyperEVM, allowing users to buy and sell HyperEVM-based tokens against USDC as the platform broadens its reach beyond the Solana ecosystem. The integration adds another execution environment to an app that increasingly resembles a multi-market trading interface rather than a product built solely around launching Solana memecoins.

The announcement was also highlighted by Wu Blockchain on X, which noted the difference between Pump.fun’s zero-fee Solana trading and the 0.1% fee applied across HyperEVM and several other supported markets.

Pumpfun Expands Beyond Solana With HyperEVM Token Trading

Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base… pic.twitter.com/sBkjqpuae0

— Wu Blockchain (@WuBlockchain) August 27, 2026

HyperEVM Gives Pump.fun Access to a Different Type of Liquidity The significance of the integration is less about adding another blockchain to a supported-networks list and more about where HyperEVM sits within the Hyperliquid ecosystem.

HyperEVM provides an Ethereum-compatible execution environment connected to Hyperliquid’s broader infrastructure. For Pump.fun, supporting tokens issued there creates another route for attracting traders who may previously have had little reason to use an application primarily associated with Solana.

The USDC trading pair is equally relevant. Rather than requiring users to move into a network-specific volatile asset before trading, Pump.fun can provide a dollar-denominated route into HyperEVM tokens.

That reduces one layer of friction for users moving capital between ecosystems.

Pump.fun also said HyperEVM trades qualify for its callout rewards, extending an incentive system already used to encourage activity inside the app.

The Fee Structure Reveals Where Pump.fun Is Willing to Subsidize Trading Pump.fun currently charges 0% trading fees on Solana, while HyperEVM transactions carry a 0.1% fee. The same 0.1% rate applies to several other markets supported through the app, including Robinhood-linked assets, BNB and Base.

The difference provides some insight into the platform’s priorities.

Free Solana execution helps Pump.fun defend the ecosystem where it built its original user base and where competition for retail token trading is particularly intense. Charging on newer markets allows the company to monetize expansion without immediately abandoning the zero-fee proposition at home.

Pump.fun Extends Its Trading Model Beyond Solana The HyperEVM integration adds another market to an app that is becoming less dependent on Solana-only activity. The structure is straightforward:

HyperEVM trading: Users can trade any supported HyperEVM token directly against USDC through the Pump.fun app. HyperEVM fee: Trades carry a 0.1% fee, giving Pump.fun a direct revenue stream from activity on the network. Solana fee: Trading remains at 0%, allowing Pump.fun to maintain a more aggressive pricing model in its core market. Other markets: The 0.1% fee also applies to Robinhood, BNB, Base and other supported markets, according to the information shared by Wu Blockchain. Callout rewards: HyperEVM trading is eligible for Pump.fun’s existing callout rewards program. The difference between the Solana and HyperEVM fee structures provides some insight into Pump.fun’s priorities. Free Solana execution helps the platform defend the ecosystem where it built its original user base, while charging on newer markets creates a way to monetize expansion without immediately changing the economics of its core product.

At sufficient volume, that distinction becomes meaningful. Pump.fun would no longer depend as heavily on activity surrounding newly launched Solana tokens, since trading conducted through other supported networks could contribute directly to transaction-fee revenue.

A 0.1% charge may appear small in isolation, but its economics become more meaningful if Pump.fun succeeds in routing substantial volume through multiple networks. Revenue would then depend less heavily on activity surrounding newly launched Solana tokens and more on the trading behavior of users across the app.

Why Moving Beyond Solana Changes Pump.fun’s Business Model Pump.fun originally solved a narrow problem: making it extremely easy to create and trade new tokens on Solana. That simplicity helped it attract large amounts of speculative activity, but it also tied the business closely to conditions inside a single ecosystem.

Supporting HyperEVM changes that dependency at the margin.

A multi-chain trading interface can monetize users even when they move their capital from one network to another. Instead of losing a trader when attention shifts away from Solana, Pump.fun can attempt to keep that user inside its own application while changing the underlying venue.

This is a different competitive objective from simply operating the largest token launchpad.

The app increasingly competes at the distribution layer, where wallets, aggregators and trading interfaces fight to become the place through which users access assets regardless of the network underneath them.

That distinction also explains why the integration may matter to HyperEVM. New chains and execution environments need more than liquidity. They need distribution. An established consumer-facing interface can expose HyperEVM tokens to traders who otherwise might never interact directly with the network’s native applications.

Hyperliquid’s Growth Makes the Timing More Relevant The integration arrives while activity around the broader Hyperliquid ecosystem remains elevated. HYPE was trading around $81.56 in the latest market snapshot, up approximately 13.3% over seven days, with a market capitalization near $20.5 billion.

Bitcoin, by comparison, was near $79,700 while Ethereum traded around $2,520 and Solana near $103.89.
Those prices do not directly determine demand for HyperEVM tokens, but Hyperliquid’s growing market footprint gives applications a stronger commercial reason to integrate its ecosystem. Pump.fun is effectively positioning itself to capture some of that activity without requiring traders to leave its existing interface.

The next useful metric will therefore be volume rather than the number of supported tokens. If meaningful HyperEVM trading begins flowing through Pump.fun, the integration would provide evidence that its Solana audience can be converted into a broader multi-chain user base. If activity remains concentrated on Solana, HyperEVM will function primarily as additional distribution rather than a material change in the platform’s revenue mix.

Table of contents

Pump.fun, the launchpad that came to dominate memecoin trading on Solana, has extended its app to HyperEVM, the Ethereum Virtual Machine execution layer built by the decentralized derivatives exchange Hyperliquid. In an announcement posted on X on Aug. 26, the company said its application now supports the chain, letting users trade any HyperEVM token with USDC through the same interface they already use on its home network. Hyperliquid runs one of the busiest venues for perpetuals trading, and HyperEVM is its bid to bring token launches and decentralized finance onto that order flow.

What the rollout adds The launchpad said the integration goes beyond basic token support. Traders can earn what the company calls “callout rewards” and trade with “near-zero fees,” matching the low-cost model that helped Pump.fun outpace rival launchpads on Solana. Settling trades in USDC, rather than a native chain token, also keeps the experience familiar for traders who already move between memecoins and stablecoins. The announcement framed the move as a first, with Pump.fun stating, “We’re proud to be the first app to bring HyperEVM to the trenches.” That positioning is the company’s own claim and has not been independently confirmed.

HyperEVM’s growing launchpad stack HyperEVM has been assembling a DeFi and memecoin ecosystem since its mainnet went live, and Pump.fun’s arrival adds one of the industry’s most recognizable launchpad brands to that stack. It follows other experiments such as BasedPad, a zero-fee launchpad on Hyperliquid, a sign that Hyperliquid’s execution environment is positioning itself as a rival to the venues where memecoin activity has historically concentrated. Pump.fun’s Solana roots give the integration extra weight, since the launchpad has repeatedly ranked among the most active places to launch a new token.

What is still unclear Pump.fun did not specify a timeline for broader feature rollouts or disclose how callout rewards will be funded, and the fee structure could change as the integration matures. The company also did not say whether its Solana tools and token listings will carry over to HyperEVM. The launchpad’s move nonetheless gives HyperEVM another distribution channel while handing memecoin traders a new venue to watch. Whether activity persists will depend on liquidity and user demand that are still taking shape, so the expansion’s longer-term impact remains an open question.

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Metaplanet, the Tokyo-listed company that has quietly become one of the world’s largest corporate Bitcoin holders, moved roughly 2,400 BTC worth approximately $186M into Coinbase Prime over a span of days in late August. For anyone watching the blockchain and wondering if Japan’s answer to MicroStrategy was about to hit the sell button, the company’s CEO had a simple message: relax.

The deposits, split across multiple transactions on August 25 and August 28, represented a sizable chunk of the firm’s treasury. But they were followed almost immediately by an even larger transfer of 3,000 BTC, valued at roughly $237M, on August 29. That’s over $420M in Bitcoin flowing into a single custodial platform in less than a week.

Custodial shuffling, not a fire sale CEO Simon Gerovich addressed the inevitable speculation head-on. The transfers, he stated, are custodial in nature and do not signal any intention to liquidate the company’s Bitcoin position.

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This isn’t the first time Metaplanet has triggered on-chain anxiety. Earlier in August, the company moved over 5,000 BTC between its own internal custodial addresses. Gerovich characterized those transfers as routine adjustments, the kind of housekeeping that large institutional holders perform regularly but that can look alarming on a blockchain explorer without context.

A $4 billion Bitcoin treasury Metaplanet’s total Bitcoin holdings now stand at approximately 43,000 BTC. The company’s aggregate cost basis sits at around $4.09B, putting its average purchase price at roughly $96,191 per coin.

The strategy mirrors what Michael Saylor pioneered at MicroStrategy: use corporate balance sheet firepower to accumulate Bitcoin as a primary treasury reserve asset. Metaplanet has executed this playbook aggressively, building its position through consistent purchases funded by equity raises, convertible bonds, and operational cash flow.

Superplanet and the US expansion Metaplanet is advancing a proposal to contribute 2,100 BTC along with $2.5M in cash toward a new venture called Superplanet.

Superplanet is envisioned as a US-based, Nasdaq-listed Bitcoin treasury platform, developed in partnership with Super League Enterprises. The proposal requires shareholder approval, with a vote targeted for the fourth quarter of 2026.

Contributing 2,100 BTC to a new entity would represent roughly 4.9% of Metaplanet’s current holdings.

Why the market barely flinched Perhaps the most telling detail about this entire episode is what didn’t happen. Bitcoin’s price showed minimal reaction to Metaplanet’s transfers, even as hundreds of millions of dollars in BTC moved on-chain in plain view.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

TLDR: XRP gained 39% since August 18 while Binance exchange reserves stayed nearly flat overall. Long liquidations hit $25.7 million on August 22, the largest single day over the past six months. Funding rates cooled from 0.010 to 0.002 across three sessions as open interest fell 13% from its peak. Total XRP transactions rose 97% to 2.93 million daily, but transfers to exchanges collapsed. XRP traded at $1.396 on August 29, marking a notable shift in market structure. The token sits roughly 39% above the $1.00 level it held through August 18, though still about 8% below its recent high of $1.520 on August 23.

Binance open interest for XRP peaked near $558 million during that session before easing to $483 million. The rally appears driven by derivatives activity rather than exchange supply movement, based on recent on-chain data.

Leverage Fuels the Move While Exchange Supply Stays Quiet Funding rates for XRP averaged 0.006 over the recent stretch, well above the quarterly baseline. The estimated leverage ratio climbed to 0.193, close to the six-month maximum of 0.213. That combination points to derivatives traders, not spot sellers, powering the recent repricing.

Long liquidations rose sharply alongside the rally. They averaged $4.34 million, up 222% week over week. A single session on August 22 saw $25.7 million in long liquidations, the largest of the six-month window.

Source: Cryptoquant

That liquidation spike came on a day when the price closed higher. Rising prices alongside rising long liquidations usually signal crowded positions being cleared within an uptrend. It does not typically signal a reversal against the trend.

Exchange data tells a separate story. Binance inflows averaged 136,319 XRP over the past week, while outflows averaged 298,660 XRP. Both figures are near 2% and 4% of their six-month averages, a sharp drop from typical activity levels.

Deposit addresses on Binance fell to 45, a 91% decline versus the quarterly baseline. The exchange reserve itself barely moved, up just 0.04% week over week to $2.618 billion. Holders appear to be sitting still rather than preparing to sell.

On-Chain Activity Expands as Traders Watch Support Levels Total XRP transactions rose to 2.93 million daily, up 97% versus the quarterly average and near a six-month high. Network usage expanded even as coins avoided exchange-bound transfers. NVT climbed 44% week over week alongside that activity increase.

Funding has already started cooling, dropping from 0.010 to 0.002 across three sessions. Open interest is down 13% from its recent peak. Leverage is unwinding while spot supply continues to stay off exchanges.

This setup has historically preceded one of two outcomes for XRP. Either a base-building phase emerges once positioning normalizes, or a faster retracement follows if exchange reserves begin climbing again. The direction likely depends on which side dominates first.

Retail sentiment on social platforms reflects a similar wait-and-see posture. Analyst Diana (@InvestWithD) pointed to the $1.38 area as a key Fibonacci support zone tied to a broader Elliott Wave count.

🚨 $XRP IS SITTING DIRECTLY ON THE ~$1.38 SUPPORT — AND THE NEXT ELLIOTT WAVE TARGETS POINT TO $1.88 → $4.11 → $7.07 🤯🔥$XRP has pulled back from its recent ~$1.70 spike and is now trading around $1.40, almost exactly where the chart identifies the $1.3798 Fibonacci support.… https://t.co/K8h3rOXLuB pic.twitter.com/b53dav8qgv

— Diana (@InvestWithD) August 30, 2026

The post noted that a 4-hour RSI reading near 47.5 had moved back above its signal line, suggesting early momentum shifts near support rather than during an overbought run.

Price action around that support level may determine whether XRP builds a new base or slips toward lower levels in the sessions ahead. Traders appear to be watching exchange reserve trends closely for the next signal.

Blackhill Capital Inc. grew its position in Energy Transfer LP (NYSE:ET – Free Report) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600,000 shares of the pipeline company’s stock after purchasing an additional 400,000 shares during the period. Energy Transfer makes up approximately 1.3% of Blackhill Capital Inc.’s investment portfolio, making the stock its 6th largest holding. Blackhill Capital Inc.’s holdings in Energy Transfer were worth $30,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ET. Archer Investment Corp raised its position in Energy Transfer by 2,087.8% in the 2nd quarter. Archer Investment Corp now owns 17,502 shares of the pipeline company’s stock valued at $335,000 after buying an additional 16,702 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Energy Transfer by 4.9% during the 2nd quarter. Kingsview Wealth Management LLC now owns 199,171 shares of the pipeline company’s stock worth $3,808,000 after acquiring an additional 9,254 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in Energy Transfer by 7.4% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 2,065,797 shares of the pipeline company’s stock worth $39,498,000 after acquiring an additional 142,821 shares during the last quarter. Asset Allocation Strategies LLC grew its stake in shares of Energy Transfer by 1.7% during the 2nd quarter. Asset Allocation Strategies LLC now owns 45,234 shares of the pipeline company’s stock worth $865,000 after acquiring an additional 738 shares in the last quarter. Finally, Centaurus Financial Inc. grew its stake in shares of Energy Transfer by 173.7% during the 2nd quarter. Centaurus Financial Inc. now owns 40,727 shares of the pipeline company’s stock worth $779,000 after acquiring an additional 25,847 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Energy Transfer In related news, Director Kelcy L. Warren acquired 647,968 shares of Energy Transfer stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the transaction, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Richard Perry acquired 12,359 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the acquisition, the director owned 208,046 shares of the company’s stock, valued at approximately $4,208,770.58. The trade was a 6.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,012,359 shares of company stock valued at $21,513,543 in the last ninety days. Insiders own 3.28% of the company’s stock.

Analyst Ratings Changes ET has been the topic of a number of research reports. Wall Street Zen raised shares of Energy Transfer from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays reaffirmed an “overweight” rating and issued a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Wednesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. Truist Financial boosted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, TD Cowen restated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.08. Get Our Latest Stock Report on ET

Energy Transfer Stock Down 0.4% Energy Transfer stock opened at $21.30 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94. The company’s 50-day moving average is $20.22 and its 200-day moving average is $19.52. The firm has a market capitalization of $73.34 billion, a PE ratio of 14.49, a P/E/G ratio of 0.75 and a beta of 0.55. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $21.64.

Energy Transfer (NYSE:ET – Get Free Report) last issued its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.21. The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. Energy Transfer’s revenue was up 78.4% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. Sell-side analysts anticipate that Energy Transfer LP will post 1.66 earnings per share for the current year.

Energy Transfer Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 6.4%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s payout ratio is 92.52%.

Energy Transfer Company Profile (Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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Algert Global LLC raised its position in shares of Archrock, Inc. (NYSE:AROC – Free Report) by 85.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,040 shares of the energy company’s stock after buying an additional 103,890 shares during the quarter. Algert Global LLC owned about 0.13% of Archrock worth $9,161,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AROC. Nations Financial Group Inc. IA ADV grew its stake in shares of Archrock by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock worth $652,000 after buying an additional 311 shares in the last quarter. Financial Security Advisor Inc. lifted its holdings in shares of Archrock by 3.0% in the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after acquiring an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Archrock by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock valued at $268,000 after acquiring an additional 366 shares during the last quarter. Severin Investments LLC grew its position in Archrock by 2.0% in the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after acquiring an additional 400 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in Archrock by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company’s stock worth $334,000 after acquiring an additional 442 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance Shares of Archrock stock opened at $30.72 on Wednesday. The stock’s fifty day moving average is $36.22 and its two-hundred day moving average is $35.80. The company has a market capitalization of $5.39 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.42 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.51. Archrock, Inc. has a 52 week low of $22.88 and a 52 week high of $42.23.

Archrock (NYSE:AROC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Archrock had a net margin of 21.84% and a return on equity of 22.22%. The company had revenue of $371.24 million during the quarter, compared to analysts’ expectations of $393.19 million. During the same period last year, the firm earned $0.39 earnings per share. Archrock’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that Archrock, Inc. will post 1.81 earnings per share for the current year. Archrock Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. This is a boost from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, August 4th. Archrock’s dividend payout ratio is 49.46%.

Wall Street Analyst Weigh In A number of equities research analysts have issued reports on AROC shares. Weiss Ratings downgraded Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Mizuho lifted their target price on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Citigroup boosted their target price on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Finally, Stifel Nicolaus set a $41.00 price target on Archrock in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Archrock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Check Out Our Latest Stock Analysis on Archrock

Archrock Profile (Free Report)

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.

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ANTWERP, Belgium, 27 August 2026 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) reported its unaudited financial results today for the second quarter ended 30 June 2026.

HIGHLIGHTS

Financial highlights: Profit for the period of USD 364.4 million in Q2 2026. EBITDA for the same period was USD 552.8 million.CMB.TECH’s contract backlog stable at USD 3.26 billion with the addition of 2 x 2-year CSOV time charters and 1 x 1-year VLCC time charter​Intention to distribute an amount of USD 0.64 per share.  Fleet highlights:

Delivery of 9 newbuilding vessels (Q2 + Q3 to date): Newcastlemaxes: Mineral Latvija, Mineral Magyar, Mineral Eesti, Mineral LietuvaVLCCs: MoriniSuezmaxes: Cap Grace, Cap JosephCSOV: Windcat HaarlemCTV: FRS Windcat 65  CMB.TECH and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-powered Newcastlemax vessels (210,000 dwt)Previously announced sale of VLCCs Ilma (2012, 314,000 dwt) and VLCC Ingrid (2012, 314,000 dwt). The sale generated a gain of a USD 98.2 million in Q2 2026.Previously announced sale of Suezmax Sienna (2007 - 150,205 dwt). The sale generated a gain of USD 29.2 million.Sale of VLCC Donoussa (2016, 299,999 dwt). This sale will generate a gain of approximately 74.3 million USD in Q4 2026, based on the net sale price and book values.Sale of three Suezmaxes, Brest (2023, 156,851 dwt), Brugge (2023, 156,851 dwt) and Bristol (2024, 156,851 dwt). These sales will generate a gain of approximately 100.2 million USD in Q3 2026 and 56.9 million USD in Q4 2026, based on the net sale price and book values. For the second quarter of 2026, the company realised a net profit of USD 364.4 million or USD 1.26 per share (second quarter 2025: a net profit of 7.8 USD million or USD 0.04 per share attributable to the owners of the Company). EBITDA (a non-IFRS measure) for the same period was USD 552.8 million (second quarter 2025: USD 224.1 million).

“CMB.TECH achieved excellent results in the second quarter of 2026, supported by continued strength in tanker and dry bulk markets. We continue to make hay while the sun shines, building on the important strategic decisions taken over the past three years: diversifying beyond tankers, acquiring Golden Ocean and investing in a future-proof newbuilding programme.

While uncertainties remain around global trade, geopolitical tensions and the tanker orderbook, CMB.TECH is well positioned to navigate changing market conditions and to continue creating long-term value.” - Alexander Saverys, CEO CMB.TECH.

Key figures

             The most important key figures (unaudited) are:                       (in thousands of USD)   Second Quarter 2026 Second Quarter 2025 YTD 2026 YTD 2025              Revenue          703,943         387,808         1,223,573         622,852          Other operating income          16,724         13,021         37,055         20,155                      Raw materials and consumables          (594)         (2,319)         (2,003)         (5,128)          Voyage expenses and commissions          (144,349)         (81,338)         (249,168)         (123,742)          Vessel operating expenses          (125,469)         (113,644)         (252,956)         (175,473)          Charter hire expenses          (3,756)         (1,307)         (3,974)         (1,620)          General and administrative expenses          (30,771)         (33,548)         (58,558)         (56,395)          Net gain (loss) on disposal of tangible assets          127,517         57,340         394,871         103,791          Depreciation and amortisation          (111,425)         (108,698)         (217,996)         (164,369)          Impairment reversals/(losses)          140         (3,573)         729         (3,573)                      Net finance expenses          (76,172)         (118,225)         (157,869)         (182,440)          Share of profit (loss) of equity accounted investees          9,399         1,622         21,495         1,571          Profit (loss) before income tax          365,187         (2,861)         735,199         35,629                      Income tax benefit (expense)          (807)         (4,723)         (1,985)         (2,840)  Profit (loss) for the period          364,380         (7,584)         733,214         32,789                      Attributable to:            Owners of the Company          364,380         7,768         733,214         51,766           Non-controlling interest          —         (15,352)         —         (18,977)                                             Earnings per share:                     (in USD per share) Second Quarter 2026 Second Quarter 2025 YTD 2026 YTD 2025             Weighted average number of shares (basic) *         290,169,769         194,216,835                 290,169,769         194,216,835          Basic earnings per share         1.26         0.04                 2.53         0.27                                The number of shares issued on 30 June 2026 is 315,977,647. However, the number of shares excluding the owned shares held by CMB.TECH at 30 June 2026 is 290,169,769.             EBITDA reconciliation (unaudited):                     (in thousands of USD) Second Quarter 2026 Second Quarter 2025 YTD 2026 YTD 2025             Profit (loss) for the period         364,380         (7,584)                 733,214         32,789          + Net finance expenses         76,172         118,225                 157,869         182,440          + Depreciation and amortisation         111,425         108,698                 217,996         164,369          + Income tax expense (benefit)         807         4,723                 1,985         2,840          EBITDA (unaudited)         552,784         224,062                 1,111,064         382,438                                 EBITDA per share:                       (in USD per share)  Second Quarter 2026 Second Quarter 2025 YTD 2026 YTD 2025              Weighted average number of shares (basic)          290,169,769         194,216,835                 290,169,769         194,216,835          EBITDA          1.91         1.15                 3.83         1.97                                  All figures, except for EBITDA and EBITDA per share, have been prepared under IFRS as adopted by the EU (International Financial Reporting Standards) and have not been audited nor reviewed by the statutory auditor.

Intention of distribution

The Supervisory Board proposes a total distribution of USD 0.64 per share, consisting of (i) an intermediary dividend of USD 0.21 per share (subject to 30% withholding tax, to the extent no exemption or reduction applies) and (ii) a payment of USD 0.43 per share out of the available share premium (which is exempt from withholding tax) (the “Distribution”). 

The Distribution is subject to the completion of the relevant corporate procedures prescribed by the Belgian Companies and Associations Code (Wetboek van vennootschappen en verenigingen / Code des sociétés et des associations) and, in particular, the approval of the Distribution by the Special Shareholders’ Meeting of CMB.TECH, which will be convened later this year (the “Shareholders’ Meeting”). 

CMB.TECH will provide further information on the payment date (expected in October), record date and other practical modalities of the Distribution once the Distribution is effectively approved by the Shareholders Meeting, in accordance with applicable regulations. 

TCE

The average daily time charter equivalent rates (TCE, a non IFRS-measure) can be summarised as follows:

 Q2 2026Q2 2025Quarter-to-Date Q3 2026USD/dayUSD/dayUSD/dayFixed %DRY BULK VESSELSNewcastlemax average spot rate(1)46,19823,08143,09685%Capesize average spot rate(1)39,998 32,87377%Capesize average time charter rate32,102   Panamax/Kamsarmax average spot rate(1)20,226 19,13784%Panamax/Kamsarmax average time charter rate13,765   TANKERSVLCC average spot rate (1)126,79044,981125,40483%VLCC average time charter rate(3)78,43446,094  Suezmax average spot rate(1) (3)123,40540,160117,57973%Suezmax average time charter rate34,72633,023  CONTAINER VESSELSAverage time charter rate29,58929,378  CHEMICAL TANKERSAverage spot rate(1) (2)22,02122,41122,350NAAverage time charter rate19,65819,306  OFFSHORE ENERGYCSOV Average time charter rate64,451 50,51165%CTV Average time charter rate3,5653,1463,76598% 1) Reporting load-to-discharge for TCEs, in line with IFRS 15, net of commission. Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel is off hire or repositioning days in connection with sale
(2) CMB.TECH owned ships in Stolt Pool (excluding technical off hire days)
(3) Including profit share where applicable

CMB.TECH FLEET DEVELOPMENTS

Commercial contracts

CMB.TECH’s contract backlog stable at USD 3.26 billion with the addition of 2 x 2-year CSOV time charters and 1 x 1-year VLCC time charter​CMB.TECH and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-powered Newcastlemax vessels (210,000 dwt) Sales

Following vessels were delivered to their new owners in Q2 2026 - generating a total gain of approximately USD 127.4 million:

Two VLCCs: Ilma (2012, 314,000 dwt) and Ingrid (2012, 314,000 dwt) - gain of approximately USD 98.2 million in Q2 2026, based on the net sales price and book values. One Suezmax Sienna (2007, 150,205 dwt). The sale generated a gain of USD 29.2 million and was delivered in the second quarter of 2026. Following vessels will be delivered to their new owners in Q3 2026:

Two Suezmaxes: Brest (2023, 156,851 dwt) and Brugge (2023, 156,851 dwt). This sale will generate a gain of approximately 100.2 million USD in Q3 2026, based on the net sale price and book values. Following vessels will be delivered to their new owners in Q4 2026:

VLCC Donoussa (2016, 299,999 dwt). This sale will generate a gain of approximately 74.3 million USD in Q4 2026, based on the net sale price and book values.Suezmax Bristol (2024, 156,851 dwt). This sale will generate a gain of approximately 56.9 million USD in Q4 2026​, based on the net sale price and book values. Newbuilding deliveries

Delivery dateType of vesselName8 April 2026SuezmaxCap Grace (2026, 156,000 dwt)27 April 2026SuezmaxCap Joseph (2026, 156,000 dwt)4 May 2026CSOVWindcat Haarlem (2026)11 May 2026NewcastlemaxMineral Latvija (2026, 210,000 dwt)28 May 2026NewcastlemaxMineral Eesti (2026, 210,000 dwt)8 June 2026NewcastlemaxMineral Magyar (2026, 210,000 dwt)10 June 2026VLCCMorini (2026, 319,000 dwt)29 June 2026NewcastlemaxMineral Lietuva (2026, 210,000 dwt)14 July 2026CTVFRS Windcat 65 MARKET & OUTLOOK

Bocimar – Dry Bulk Market1

Dry bulk markets entered 2026 with strong momentum, with the Baltic Dry Index averaging materially higher year-on-year in Q2 and spot earnings across major dry-bulk vessel classes trending well above seasonal norms. Capesize C5TC (BCI-182) time charter equivalent (TCE) earnings averaged USD 39,806 per day during Q2 2026, compared to a 10-year historical average of USD 22,926 per day2. Average sector earnings in the second quarter were supported by robust major bulk volumes, firm minor bulk activity, and generally tighter effective fleet supply. Continuing on a strong Q2, the Capesize C5TC (BCI-182) average for July stands at 38,646 USD/day, 13,671 USD/day higher compared to July 2025 (BCI-182 recalculated basis) – and increased further in August up to 46,201 USD/day.

Iron ore trade remained a key pillar of dry bulk demand during the second quarter of 2026. Overall global iron ore seaborne transportation increased by 0.9% between Q2 2025 and Q2 2026, and by 12.2% between Q1 2026 and Q2 2026. China imported 316.4 million tonnes of iron ore in Q2, up 0.6% year-on-year, bringing first-half imports to 637.4 million tonnes, an increase of 5.1% compared to the same period last year. Although Chinese steel production remains under pressure, domestic iron ore production declined by 7% year-on-year to 466.9 million tonnes during the first half of the year, increasing reliance on higher-quality imported ores.

Looking ahead, continued strength in seaborne iron ore trade is supported by the production and shipment guidance of the major iron ore miners and the ongoing ramp-up of the Simandou project. Iron ore export volumes historically strengthen in the second half of the year, with weekly shipments typically increasing by approximately 7.7% from week 27 (start H2) through year-end compared with the first H1 weeks. Vale maintained its 2026 production guidance of 335-345 million tonnes, implying second-half production growth ranging from -2.0% to +3.4% year-on-year depending on the outcome within the guidance range. Fortescue's FY27 shipment guidance of 197-207 million tonnes points to broadly stable export volumes, while BHP's FY27 production guidance midpoint of 266 million tonnes is also broadly unchanged year-on-year. Rio Tinto's unchanged 2026 guidance implies a meaningful increase in second-half Pilbara shipments compared with the first half, while the gradual ramp-up of Simandou provides additional support to tonne-mile demand. Although initial Simandou volumes remain modest, the Guinea-China trade route is more than three times longer than the traditional Australia-China iron ore trade, creating a disproportionately positive impact on vessel demand and fleet utilisation.

Coal emerged as one of the strongest contributors to dry bulk demand during the quarter. Global seaborne coal transportation reached 276 million tonnes in Q2 2026, increasing by 11.8% between Q2 2025 and Q2 2026, and by 15.1% between Q1 2026 and Q2 2026. Seaborne coal transportation accelerated following the disruption of Middle East energy flows, as higher LNG prices supported coal consumption in several importing countries (mainly Europe, Japan, South Korea, and Taiwan). While coal demand remains closely linked to weather patterns and energy markets, current market fundamentals suggest continued support for seaborne coal demand through Q3 and potentially into Q4.

In addition, Chinese domestic coal production was constrained by enhanced safety inspections following a major mining accident, while rising summer temperatures and strong power demand increased import requirements. China’s electricity consumption rose 5.3% year-on-year during the first half of 2026, with repeated records in peak electricity loads. Demand for both thermal and metallurgical coal strengthened, with Australian coal shipments to China nearing multi-year highs in July 2026.

Bauxite continues to be one of the strongest growth commodities in the dry bulk market. Despite recurring rumours regarding export restrictions in Guinea, volumes have remained robust and largely uninterrupted. Global seaborne bauxite transportation reached 60.6 million tonnes in Q2 2026, increasing by 4.6% between Q2 2025 and Q2 2026, and decreasing -13.9% between Q1 2026 and Q2 2026. As per the regular seasonal pattern, volumes eased during the peak rainy season (summer period). Volumes are expected to recover as weather conditions improve by Q3/Q4. As a result, bauxite is expected to remain an important source of tonne-mile demand during the second half of the year and continues to play an increasingly important role in global dry bulk trade growth.

Grain trade also provided solid support to dry bulk markets during the quarter. Global seaborne grains transportation reached 70.0 million tonnes in Q2 2026, increasing by 8.6% between Q2 2025 and Q2 2026, and by 0.7% between Q1 2026 and Q2 2026. Brazil remained the dominant supplier (128 million tonnes for H1 or 27.8% market share), benefiting from a large crop and competitive pricing, while the United States (87 million tonnes for H1 or 18.9% market share) has gradually regained market share and is expected to increase exports during the upcoming harvest season. The competition between Brazilian and US exports to China is supportive for tonne-mile demand and is expected to sustain healthy vessel utilisation during the second half of 2026 as seasonal trade flows shift between origins.

Weather developments remain an important factor for dry bulk markets. The National Oceanic and Atmospheric Administration (NOAA) officially declared El Niño in June 2026, with a 97% chance it will persist through early spring 2027. Historically, major El Niño events have disrupted agricultural production, altered commodity trade patterns, affected hydropower generation and increased coal demand in several regions. Early impacts have already been observed in Asia through stronger electricity demand and changing energy consumption patterns. While full weather effects always remain uncertain, a prolonged and severe El Niño event could support additional commodity trade flows and increase volatility across several dry bulk cargo segments through late 2026 and into 2027.

There have been some reports about a pick-up in demand for coal-fired power generation in Japan and the need to replace the drop in hydro generation as 2Q26 El Niño weather patterns pressured hydropower output. This is happening on the backdrop of reduced gas-fired output on gas-to-coal switching as the Hormuz conflict continues to keep LNG prices high. Coal discharges to Japan have been up 4% year-over-year, with thermal coal discharges increasing to 53.9 million tonnes in H1 2026, whilst coking coal discharges remained largely flat.

Bocimar has 40 (+6NB) Newcastlemaxes on the water (average age 3.2y), 37 Capesize vessels on the water (average age 11.2y), and 30 Kamsarmax/Panamax vessels on the water (average age 7.4y).

Bocimar performance highlights:

 TCE Q2 2026QTD Q3 2026Newcastlemax SPOT46,19843,096 (85% fixed)Capesize SPOT39,99832,873 (77% fixed)Kamsarmax/Panamax SPOT20,22619,137 (84% fixed) Euronav – Tanker Markets3

Crude tanker markets experienced exceptional volatility during Q2 2026, primarily driven by escalating geopolitical tensions in the Middle East and the disruption of shipping flows through the Strait of Hormuz (SOH) and the Bab el-Mandeb Strait. Transit volumes through the Strait of Hormuz declined materially beginning of March from on average 120 daily crossing to on average 10 daily crossings between March and mid-June. On 17 June, the presidents of the US and Iran signed the Islamabad Memorandum, that formalized the process of ending the war and established a 60-day period to negotiate the final terms of a deal, enabling a temporary ceasefire. This resulted in a rapid recovery of Strait of Hormuz traffic with on average more than 40 daily SOH crossing. Geopolitical tensions escalated again in early July, and the ceasefire ended on July 7th. As a resultant, daily crossing dropped again towards on average 20 daily crossings. Both sides have since treated the Islamabad MoU as void, the US blockade is reported as still operating, Bab el-Mandeb transits have fallen to multi-month lows on renewed Houthi activity – increasing the likelihood of Red Sea escalation risk.

The resulting scramble for available tonnage led to sharp spikes in spot freight rates across key benchmark routes. Against this backdrop, VLCC time charter equivalent (TCE) earnings averaged USD 140,029 per day in Q2 2026, compared to a Q2 10-year historical average of USD 30,198 per day. Suezmax earnings followed a similar trajectory, with Q2 2026 TCE averaging USD 146,567 per day versus a Q2 10-year average of USD 30,946 per day.

The disruption also led to a widespread reconfiguration of global crude trade flows. Importing nations increasingly sourced barrels from alternative regions, while exporters outside the Middle East, including the United States, Brazil, Kazakhstan and Venezuela, increased shipments to partially offset lost Arabian Gulf volumes. Longer voyage distances and a more complex trading environment temporarily supported tonne-mile demand and fleet utilisation. At the same time, elevated uncertainty around regional security conditions delayed a full return to normal trading patterns and encouraged charterers to secure tonnage well in advance. However, despite the strong freight market performance, several underlying market indicators suggest a more cautious medium-term outlook.

During the recent disruption around the Strait of Hormuz, Chinese crude imports declined sharply, as buyers drew on substantial inventories rather than competing aggressively for replacement barrels. China’s strategic and commercial crude inventories were estimated at around 1.25 billion barrels at the end of 2025, providing a significant buffer against supply shocks and elevated prices. This inventory position enables China to be a price-sensitive and tactical buyer of seaborne crude oil. Rather than acting as a passive source of demand, China can increasingly time purchases depending on price levels, refinery margins and geopolitical risk. This helped cushion the immediate impact of the Iran-related disruption on global oil prices, but it also makes future crude import demand more dependent on inventory cycles and opportunistic restocking. For crude tanker demand, the medium-term outlook therefore depends not only on underlying oil consumption, but also on the pace at which China rebuilds inventories. Once the oil prices settle again, restocking in China (and other Asian economies) could support seaborne crude flows and tonne-mile demand. At the same time, Chinese refiners remain cautious amid weakened domestic fuel demand, high product inventories and continued fuel substitution through continuously increasing electrification and growth in the renewables sector, and by oil to coal switching. China’s high EV penetration has allowed some switching to driving on electricity rather than gasoline: gasoline consumption was 23% lower and EV charging volume 60% higher year over year in April and May.

Despite recent geopolitical disruptions, the underlying global oil market continues to face the prospect of a significant supply surplus. To date, there has been no sustained damage to major energy production infrastructure, supporting expectations that global oil supply can recover relatively quickly once tensions ease. In such a scenario, depleted inventories would likely be replenished, and trade flows progressively normalise. While recent events have temporarily supported tanker demand through longer haul voyages, market fundamentals suggest that any prolonged normalisation of Middle-East trade flows could see tanker demand gradually return towards underlying historic levels. Looking ahead, the ever-growing crude tanker orderbook remains an important consideration for the medium-term market balance and earnings outlook. Over the past months, the orderbook experienced the strongest period of newbuilding investment in the last 50 years (620 VLCCs and Suezmax units on order).

Euronav has 2 FSOs (average age 24y), 4 (+1NB) VLCCs (average age <1.0y) and 15 Suezmaxes (average age 8.1y) on the water4.

Euronav performance highlights:

 TCE Q2 2026QTD Q3 2026VLCC SPOT126,790 USD/day125,404 (83% fixed)SUEZMAX SPOT123,405 USD/day117,579 (73% fixed)  Delphis – Container Markets5

Container markets strengthened during the second quarter of 2026, supported by resilient cargo demand, continued disruption in Middle Eastern trade lanes and elevated congestion across key transhipment hubs. The closure of the Strait of Hormuz and the delayed return of Red Sea transits extended voyage distances, tightened effective vessel supply and supported both freight and charter markets. As a result, time charter rates reached their highest levels outside the post-pandemic period, while freight rates increased materially throughout the quarter, particularly on the Asia-Europe and Transpacific trades. Global trade volumes remained resilient despite regional disruptions, supported by robust demand on the main East-West routes, Intra-Asia and North-South trades.

Peak season demand, ongoing supply chain adjustments and a gradual rather than immediate normalisation of Middle East trade flows are expected to support freight and charter markets during the remainder of the summer period. On the other side, China's official manufacturing PMI fell to 49.2 in July (from 50.3), returning to contraction after four months of expansion. The deterioration in both domestic and export demand points to softer demand for containerised imports of raw materials and intermediate goods, as well as slower growth in container exports in the coming months. If export demand continues to weaken, container shipping volumes on the major Asia–Europe and Transpacific trade lanes are likely to come under pressure.

While global container trade is still expected to continue growing during 2026 (+3.0% year-on-year in billion TEU-miles), fleet growth is forecast to exceed demand growth, supported by a historically large orderbook representing approximately 38% of the existing fleet. In addition, any eventual normalisation of Red Sea routing would reduce tonne-mile demand and increase effective vessel supply – meaning that for 2027, container demand is forecast to decrease by -5.8% in billion TEU-miles.

Delphis has 4 x 6,000 TEU (average age 1.8y) on the water and 1 NB 1,400 TEU container vessel. All vessels are employed under 10 to 15-year time charter contracts.

Bochem – Chemical Markets6

Chemical tanker markets remained relatively resilient during the second quarter of 2026 despite significant disruption to global trade flows following the closure of the Strait of Hormuz. While chemical trade volumes temporarily declined and tanker transits through the region fell sharply, freight markets benefited from vessel dislocations, supply chain reconfiguration and longer voyage distances on selected routes. Spot freight rates remained above pre-conflict levels, supported by strong export activity from both the United States and Asia. US producers continued to benefit from a feedstock cost advantage, increasing exports to Europe, Latin America and Asia, while Chinese exporters leveraged strong inventories and feedstock flexibility to maintain robust regional trade flows.

As the quarter progressed, market participants adapted to the new operating environment, with chemical cargoes increasingly rerouted between regions. Demand for aromatics and petrochemical feedstocks remained broadly healthy, supported by inventory replenishment and shifting sourcing patterns. These developments generated additional tonne-mile demand on several long-haul corridors, partly offsetting reduced activity in the Middle East. At the same time, firm conditions in adjacent product tanker markets helped support vessel utilisation across the chemical tanker sector.

Looking ahead, the market outlook for the second half of 2026 remains constructive but subject to elevated uncertainty. The gradual normalisation of Hormuz transits should support a recovery in trade activity, although chemical cargo flows may take longer than crude oil and refined products to return to historical patterns. Furthermore, the sector faces a sizeable orderbook, with a meaningful number of chemical and product tanker deliveries scheduled through 2026-2028. While expected growth in seaborne chemical trade should absorb part of this additional capacity, the pace of demand recovery and vessel deliveries will be key determinants of freight market performance.

Bochem’s chemical tanker fleet comprises out of 8 delivered vessels, and 8 NB vessels (average age <1y). They are employed under a 10-year time charter (8 vessels), under a 7-year time charter (6 vessels), and in a spot pool (2 vessels).

Bochem performance highlights:

 TCE Q2 2026QTD Q3 202625k DWT stainless Steel (Pool)22,021 USD/day22,350 Windcat – Offshore Energy Markets7

The offshore energy market remained robust during the second quarter of 2026 despite a challenging investment backdrop for the wider offshore wind industry. While project sanctioning activity remained subdued, with only limited new final investment decisions recorded during the period, offshore wind construction, commissioning and operations & maintenance activity continued at high levels across Europe and Asia. A near-record pipeline of projects under construction supported strong demand for both CSOVs and CTVs, resulting in high utilisation and healthy chartering activity.

The European CSOV market remained particularly strong throughout the quarter. High fleet utilisation, limited prompt vessel availability and continued demand from offshore wind installation and maintenance campaigns supported attractive charter rates. Premium CSOVs were largely committed through the summer season, with charter rates typically ranging between EUR 50,000 and EUR 75,000 per day. Demand broadened beyond offshore wind as oil and gas operators increasingly adopted walk-to-work solutions for offshore maintenance activities. This growing crossover demand helped absorb additional capacity entering the market and further strengthened utilisation levels. European Tier-1 CSOV utilisation remained close to full employment, while average charter rates increased year-on-year. Looking ahead to the second half of 2026, market fundamentals remain supportive. Offshore wind construction activity across Europe, particularly in the Baltic Sea and North Sea, is expected to sustain strong demand for offshore support vessels, while emerging opportunities in the oil and gas sector provide an additional source of employment for CSOVs. However, visibility beyond 2026 remains more balanced with the rapid CSOV fleet expansion.

The CTV market also delivered solid performance during the quarter. Vessel availability tightened significantly ahead of the summer maintenance season, with most vessels fixed on contracts and only limited spot capacity available. Strong utilisation across Northwest Europe supported stable charter rates at historically attractive levels. Continued growth in offshore wind operational capacity and increasing maintenance requirements provided a supportive backdrop for vessel demand, while newbuild ordering activity remained disciplined.

Windcat has 3 (+4NB) CSOVs (average age <1y), and 60 (+3NB) CTVs (average age 10.4y).

Windcat performance highlights:

 TCE Q2 2026QTD Q3 2026CSOV 64,45150,511 (65% fixed)CTV3,5653,765 (98% fixed) CONFERENCE CALL
The call will be a webcast with an accompanying slideshow. You can find the details of this conference call below and on the “Investor Relations” page of the website. The presentation, recording & transcript will also be available on this page.

Webcast Information Event Type: Video conference call with slide presentationEvent Date:27 August 2026Event Time:8 a.m. EST / 2 p.m. CETEvent Title: “Q2 2026 Earnings Conference Call”Event Site/URL:  https://events.teams.microsoft.com/event/9fcf4513-4ad3-44ec-8908-7058dfe26b88@d0b2b045-83aa-4027-8cf2-ea360b91d5e4 To attend this conference call, please register via the following link.

Telephone participants who are unable to pre-register may dial in to the respective number of their location (to be found here). The Phone conference ID is the following: 244 207 376#

Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
[email protected]

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
[email protected]

Publication Q3 2026 results – 26 November 2026

About CMB.TECH

CMB.TECH (all capitals) is one of the largest listed, diversified and future-proof maritime groups in the world with a combined fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels and offshore energy vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

This information is published in accordance with the requirements of the Continuing Obligations on Euronext Oslo Børs.

Condensed consolidated interim statement of financial position (unaudited)

(in thousands of USD)

          June 30, 2026  December 31, 2025ASSETS             Non-current assets      Vessels          6,875,419  6,323,773Assets under construction          532,660  739,373Right-of-use assets          4,935  4,847Other tangible assets          48,002  23,981Intangible assets          16,055  12,710Goodwill          177,022  177,022Receivables          98,018  97,116Investments          154,217  111,346Deferred tax assets          2,541  2,850       Total non-current assets  7,908,869  7,493,018       Current assets      Inventory          120,674  77,175Trade and other receivables          415,688  320,843Current tax assets          2,828  4,912Short-term investments          8,271  —Cash and cash equivalents          151,574  146,529   699,035  549,459       Non-current assets held for sale          219,985  363,097       Total current assets  919,020  912,556       TOTAL ASSETS  8,827,889  8,405,574              EQUITY and LIABILITIES             Equity      Share capital          343,440  343,440Share premium          1,689,882  1,817,557Translation reserve          5,146  9,502Hedging reserve          1,044  90Treasury shares          (284,508)  (284,508)Retained earnings          1,365,990  737,239       Equity attributable to owners of the Company  3,120,994  2,623,320       Non-current liabilities      Bank loans          2,869,323  2,839,590Other borrowings          1,998,055  1,876,795Lease liabilities          4,014  3,368Other payables          15,072  20Employee benefits          1,176  1,180Deferred tax liabilities          26  485       Total non-current liabilities  4,887,666  4,721,438       Current liabilities      Trade and other payables          235,139  222,492Current tax liabilities          2,807  8,288Bank loans          195,082  351,170Other notes          203,619  203,287Other borrowings          180,981  273,898Lease liabilities          1,587  1,681Provisions          14  —       Total current liabilities  819,229  1,060,816       TOTAL EQUITY and LIABILITIES  8,827,889  8,405,574               Condensed consolidated interim statement of profit or loss (unaudited)

(in thousands of USD except per share amounts)

          2026  2025   Jan. 1 - June 30, 2026  Jan. 1 - June 30, 2025Shipping income      Revenue  1,223,573  622,852Gains on disposal of vessels/other tangible assets  394,871  103,791Other operating income  37,055  20,155Total shipping income  1,655,499  746,798       Operating expenses      Raw materials and consumables          (2,003)          (5,128)Voyage expenses and commissions          (249,168)  (123,742)Vessel operating expenses          (252,956)  (175,473)Charter hire expenses          (3,974)  (1,620)Depreciation tangible assets          (216,568)  (162,767)Amortisation intangible assets          (1,428)  (1,602)Impairment reversals          729          (3,573)General and administrative expenses  (58,558)  (56,395)Total operating expenses  (783,926)  (530,300)       RESULT FROM OPERATING ACTIVITIES  871,573  216,498       Finance income  21,112  25,707Finance expenses  (178,981)  (208,147)Net finance expenses  (157,869)  (182,440)       Share of profit (loss) of equity accounted investees (net of income tax)          21,495  1,571       PROFIT (LOSS) BEFORE INCOME TAX  735,199  35,629       Income tax benefit (expense)  (1,985)  (2,840)       PROFIT (LOSS) FOR THE PERIOD  733,214  32,789       Attributable to:      Owners of the company  733,214  51,766Non-controlling interest  —          (18,977)       Basic earnings per share  2.53  0.27Diluted earnings per share  2.53  0.27       Weighted average number of shares (basic)  290,169,769  194,216,835Weighted average number of shares (diluted)  290,169,769  194,216,835                      Condensed consolidated interim statement of comprehensive income (unaudited)

(in thousands of USD)

          2026  2025   Jan. 1 - June 30, 2026  Jan. 1 - June 30, 2025       Profit/(loss) for the period  733,214  32,789       Other comprehensive income (expense), net of tax      Items that will never be reclassified to profit or loss:      Remeasurements of the defined benefit liability (asset)          —          —       Items that are or may be reclassified to profit or loss:      Foreign currency translation differences  (4,356)  11,330Cash flow hedges - effective portion of changes in fair value  954  (1,794)       Other comprehensive income (expense), net of tax  (3,402)  9,536       Total comprehensive income (expense) for the period  729,812  42,325       Attributable to:      Owners of the company  729,812  61,302Non-controlling interest  —  (18,977)               Condensed consolidated interim statement of changes in equity (unaudited)

(In thousands of USD)

 Share capitalShare premiumTranslation reserveHedging reserveTreasury sharesRetained earningsEquity attributable to owners of the CompanyNon-controlling interestTotal equity          Balance at January 1, 2025239,148460,486(2,045)2,145(284,508)777,0981,192,324—1,192,324          Profit (loss) for the period        —        —        —        —        —51,76651,766(18,977)32,789Total other comprehensive income (expense)        —        —11,330(1,794)        —        —9,536—9,536Total comprehensive income (expense)        —        —11,330(1,794)        —51,76661,302(18,977)42,325          Transactions with owners of the company         Business Combination - Initial purchase        —        —        —        —        —        ——1,460,354        1,460,354Business Combination - Subsequent purchases        —        —        —        —        —        73,70573,705(210,771)(137,066)Dividends to Non-controlling interest        —        —        —        —        —        ——(5,095)(5,095)Total transactions with owners        —        —        —        —        —        73,70573,7051,244,4881,318,193          Balance at June 30, 2025239,148460,4869,285351(284,508)902,5691,327,3311,225,5112,552,842                               Share capitalShare premiumTranslation reserveHedging reserveTreasury sharesRetained earningsEquity attributable to owners of the CompanyNon-controlling interestTotal equity          Balance at January 1, 2026343,4401,817,5579,50290(284,508)737,2392,623,320—2,623,320          Profit (loss) for the period        —        —        —        —        —733,214733,214—733,214Total other comprehensive income (expense)        —        —(4,356)954        ——(3,402)—(3,402)Total comprehensive income (expense)        —        —(4,356)954        —733,214729,812—729,812          Transactions with owners of the company         Dividends to equity holders        —(127,675)        —        —        —(104,462)(232,137)—(232,137)Total transactions with owners—(127,675)———(104,462)(232,137)—(232,137)          Balance at June 30, 2026343,4401,689,8825,1461,044(284,508)1,365,9903,120,994—3,120,994                      Condensed consolidated interim statement of cash flows (unaudited)

(in thousands of USD)

          2026  2025   Jan. 1 - June 30, 2026  Jan. 1 - June 30, 2025       Net cash from (used in) operating activities  417,287  73,098              Net cash from (used in) investing activities  (83,108)  (1,381,329)              Net cash from (used in) financing activities  (328,475)  1,424,516              Net increase (decrease) in cash and cash equivalents  5,704  116,285       Net cash and cash equivalents at the beginning of the period  146,529          38,869Effect of changes in exchange rates  (659)          (106)       Net cash and cash equivalents at the end of the period  151,574  155,048               1 Source: Clarksons SIN, NOAA, Citi, Ocean Analytics, Doric, Commodore Research
2 On 1 January 2026, the Baltic Exchange recalibrated its Capesize index by changing the standard reference vessel from a 180,000 DWT ship to a 182,000 DWT “eco” design. This update increased the baseline Baltic Capesize Index (BCI) time charter average by roughly USD 3,500 per day
3 Source: Clarksons SIN, IEA, Goldman Sachs, Bloomberg, CNBC, Citi, Vortexa
4 Announced vessels sales that have not yet been delivered to new owners are already excluded
5 Source: Clarksons
6 Source: Stolt Nielsen, Clarksons, S&P Global, SSY
7 Source: Clarksons

CMBT_Q2_2026_Earnings_release_ENG

It has been about a month since the last earnings report for Patterson-UTI (PTEN - Free Report) . Shares have added about 24.5% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Patterson-UTI due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Patterson-UTI Energy, Inc. before we dive into how investors and analysts have reacted as of late.

Patterson-UTI Energy Q2 Earnings & Revenues Beat EstimatesPatterson-UTI Energy (PTEN - Free Report) reported second-quarter 2026 adjusted earnings of break-even, outperforming the Zacks Consensus Estimate of a loss of 3 cents per share. The bottom line improved from the year-ago quarter's adjusted loss of 6 cents, primarily due to stronger performance in its Completion Services segment and year-over-year improvement in the Drilling Products and Other operations.

Houston, TX-based oil and gas drilling company’s total revenues of $1.23 billion beat the Zacks Consensus Estimate of $1.15 billion by 7%. The top line also increased about 0.7% year over year, driven by improved activity and pricing in the Completion Services segment, along with higher revenues from Drilling Products and Other operations.

PTEN’s board of directors declared a quarterly dividend of 10 cents per share, payable on Sept. 15, 2026, to shareholders of record as of Sept. 1.

PTEN’s Q2 Segmental PerformancesDrilling Services: Revenues in this segment totaled $373.5 million, down 7.5% from the year-ago quarter's $403.8 million, but beat our estimate of $350.7 million.

Operating income declined to $22.7 million from $40.6 million a year ago, primarily due to a non-cash charge related to the Colombia exit. The reported figure also missed our operating income estimate of $41.1 million. 

Completion Services: Segment revenues increased 4.8% year over year to $753.6 million from $719.3 million and beat our estimate of $659.1 million.

Operating income totaled $8.2 million against an operating loss of $29.2 million in the prior-year quarter. This improvement was driven by high pressure pumping utilization, better pricing and continued growth in integrated completion services. The reported figure beat our expectation of an operating loss of $17.6 million. 

Drilling Products: Revenues increased 3.3% year over year to $91.3 million from $88.4 million and beat our estimate of $80.4 million.

Operating income improved to $8.3 million from $6.8 million in the year-ago quarter. Record international revenues and stronger U.S. revenue per industry rig offset disruptions in the Middle East and seasonal weakness in Canada. However, the reported operating income beat our estimate of $2.7 million.

Other: Revenues amounted to $9.5 million, up 21.8% from the year-ago quarter’s $7.8 million and beat our estimate of $7.7 million.

Operating income improved to $5.1 million from a loss of $2 million in the second quarter of 2025, aided by higher oil prices. The reported figure beat our operating income estimate of $2.3 million.

PTEN’s Capital Expenditure & Financial PositionIn the reported quarter, PTEN spent $155.9 million on capital programs compared with $144.2 million in the prior-year period.  As of June 30, 2026, this company had cash and cash equivalents of $203.2 million and long-term debt of $1.23 billion. Its debt-to-capitalization was 28.5%. 

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

The consensus estimate has shifted 96.88% due to these changes.

VGM ScoresAt this time, Patterson-UTI has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Patterson-UTI has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerPatterson-UTI belongs to the Zacks Oil and Gas - Drilling industry. Another stock from the same industry, Noble Corporation PLC (NE - Free Report) , has gained 12.8% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Noble Corporation PLC reported revenues of $719.69 million in the last reported quarter, representing a year-over-year change of -15.2%. EPS of $0.01 for the same period compares with $0.13 a year ago.

Noble Corporation PLC is expected to post earnings of $0.13 per share for the current quarter, representing a year-over-year change of -31.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -45.7%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Noble Corporation PLC. Also, the stock has a VGM Score of D.