Luxembourg – 26 February 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the fourth quarter and full year which ended 31 December 2025. Unless otherwise stated the comparative period is the full year which ended 31 December 2024.
Luxembourg – 26 February 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the fourth quarter and full year which ended 31 December 2025. Unless otherwise stated the comparative period is the full year which ended 31 December 2024.
Prostock-Studio/iStock via Getty Images The following segment was excerpted from the Baron Durable Advantage Fund Q4 2025 Shareholder Letter. Recent Activity During the fourth quarter, we initiated a new position in the leading energy-focused specialty contracting company, Quanta Services . We also added to five existing positions: a leading provider of indexes and investment decision support tool...
Prostock-Studio/iStock via Getty Images The following segment was excerpted from the Baron Durable Advantage Fund Q4 2025 Shareholder Letter. Recent Activity During the fourth quarter, we initiated a new position in the leading energy-focused specialty contracting company, Quanta Services . We also added to five existing positions: a leading provider of indexes and investment decision support tools, MSCI , a leading medical tools supplier, Danaher , the leading derivatives marketplace CME Group ( CME ) , a leading owner and operator of senior housing, Welltower , and a leading aerospace and defense aftermarket parts supplier, TransDigm ( TDG ) . We funded these purchases by reducing seven other holdings. Top net purchases for the quarter Quarter End Market Cap($B) Net Amount Purchased ($M) MSCI Inc. 43.1 3.0 Danaher Corporation 161.7 2.4 Quanta Services, Inc. 62.9 1.3 CME Group, Inc. 98.5 1.1 Welltower Inc. 127.4 0.8 Click to enlarge During the quarter, we initiated a new position in Quanta Services, Inc. ( PWR ) , a leading specialty contracting company that provides comprehensive engineering, procurement, construction and repair, and maintenance services for electric and gas utilities, renewable energy projects, telecom projects, and other types of infrastructure. We invested in Quanta due to the company’s world-class track record, compounding revenues and EPS at 14% and 18% CAGR over the last 15 years, respectively. What makes this even more impressive is that Quanta has achieved that result in a relatively flat electric load environment (power demand) driven by material market share gains. Going forward, we believe that Quanta will increasingly benefit from secular growth tailwinds for energy-related infrastructure. We also like the company’s leading competitive position, which is derived from its reputation and experience completing large-scale infrastructure projects and its ability to utilize its 68,000 person craft-skilled labor force to self-perform project...
Why Might Ukraine & Its Western Patrons Try To Blow Up Russia's Black Sea Pipelines? Authored by Andrew Korybko, The purpose is to derail the peace talks by provoking Russia into either preemptively escalating against Ukraine as a deterrent or authorizing an overmatched retaliatory escalation right after that could in any case be spun by the Europeans to manipulate Trump against Putin. Putin warne...
Why Might Ukraine & Its Western Patrons Try To Blow Up Russia's Black Sea Pipelines? Authored by Andrew Korybko, The purpose is to derail the peace talks by provoking Russia into either preemptively escalating against Ukraine as a deterrent or authorizing an overmatched retaliatory escalation right after that could in any case be spun by the Europeans to manipulate Trump against Putin. Putin warned on the fourth anniversary of the special operation that Ukraine and its Western patrons are plotting “a possible explosion targeting our gas pipeline systems – TurkStream and Blue Stream pipelines – along the floor of the Black Sea. They simply cannot back down. They do not know what else they can do to undermine this peaceful process aimed at settlement through diplomatic means.” This isn’t the first time that Russia warned about such a plot, with prior ones analyzed here , here , and here . What’s most important about this latest warning is that it coincided with the Foreign Intelligence Service warning on the same day about an Anglo-Franco plot to transfer nuclear technology and even bombs to Ukraine. That was analyzed here , and just like with Putin’s warning about the latest plots against Russia’s pipelines to Turkiye, the purpose is to derail the peace talks by provoking Russia into either preemptively escalating against Ukraine as a deterrent or authorizing an overmatched retaliatory escalation right after. In either scenario, the aforesaid talks’ US mediator could then be manipulated by the Europeans, who’ve been trying to subvert Trump’s peace efforts this entire time, into misperceiving such moves as “unprovoked aggression on false pretexts”, thus possibly torpedoing their negotiations . In response, Trump might then also be manipulated into authorizing his country’s own overmatched “retaliatory” escalation if the Europeans claim that Putin “humiliated” him, which could risk spiraling out of control. The Europeans and Ukrainians’ shared goals are to perpetuate t...
Carlsmed, Inc. press release ( CARL ): Q4 GAAP EPS of -$0.32 beats by $0.11 . Revenue of $15.2M beats by $0.34M . More on Carlsmed, Inc. Carlsmed, Inc. (CARL) Q4 2025 Earnings Call Transcript Carlsmed: Back To Where We Started Carlsmed targets $70M–$75M 2026 revenue with cervical and bilateral product launches amid 44% growth outlook Seeking Alpha’s Quant Rating on Carlsmed, Inc. Historical earnin...
Carlsmed, Inc. press release ( CARL ): Q4 GAAP EPS of -$0.32 beats by $0.11 . Revenue of $15.2M beats by $0.34M . More on Carlsmed, Inc. Carlsmed, Inc. (CARL) Q4 2025 Earnings Call Transcript Carlsmed: Back To Where We Started Carlsmed targets $70M–$75M 2026 revenue with cervical and bilateral product launches amid 44% growth outlook Seeking Alpha’s Quant Rating on Carlsmed, Inc. Historical earnings data for Carlsmed, Inc.
Earnings Call Insights: ACADIA Pharmaceuticals Inc. (ACAD) Q4 2025 Management View Catherine Owen Adams, CEO, highlighted a milestone year, stating, "We achieved adjusted total revenues of $298 million in the fourth quarter, up 16% from the prior year. And for the first time in our company's history, annual revenues exceeded $1 billion, reaching $1.08 billion in adjusted 2025 revenue, which repres...
Earnings Call Insights: ACADIA Pharmaceuticals Inc. (ACAD) Q4 2025 Management View Catherine Owen Adams, CEO, highlighted a milestone year, stating, "We achieved adjusted total revenues of $298 million in the fourth quarter, up 16% from the prior year. And for the first time in our company's history, annual revenues exceeded $1 billion, reaching $1.08 billion in adjusted 2025 revenue, which represented 14% growth from the prior year." She noted this was driven by commercial execution, particularly in NUPLAZID and DAYBUE brands. Adams noted, "We expect NUPLAZID net sales of $760 million to $790 million, which would represent between 10% and 14% growth over 2025 adjusted net sales, placing the brand on a strong trajectory towards our expectation of achieving blockbuster status with $1 billion of net sales in 2028." DAYBUE net product sales were reported at $110 million for the quarter and $391 million for the year, with Adams emphasizing the "expanded reach into the community physician setting in the U.S. and our ex-U.S. named patient supply programs." She signaled excitement for DAYBUE STIX, a new powder formulation, and addressed a negative trend vote from the EU CHMP regarding trofinetide, but maintained the company's commitment to advancing EU access. Adams projected, "For our 2026 DAYBUE guidance, we expect global net sales between $460 million and $490 million, which would represent between 18% and 25% growth over 2025." Thomas Garner, Chief Commercial Officer, reported, "NUPLAZID delivered another outstanding quarter with adjusted net sales of approximately $189 million in the fourth quarter. Importantly, underlying quarterly volume growth remained exceptionally strong at 13%." He described a 30% expansion of customer-facing teams and a new branded campaign to drive further growth. Garner reported DAYBUE's Q4 sales at $110 million, and that "76% of new prescriptions originated from community-based physicians," reflecting success in expanding beyond specialty ca...
(RTTNews) - Eiffage (FGR.PA) reported fiscal 2025 consolidated net income Group share parent of 1.0 billion euros, down 1.6% from last year. Net profit Group share was up 8.9% on a constant taxation basis. Earnings per share was 11.01 euros compared to 11.05 euros. Operating prof
(RTTNews) - Eiffage (FGR.PA) reported fiscal 2025 consolidated net income Group share parent of 1.0 billion euros, down 1.6% from last year. Net profit Group share was up 8.9% on a constant taxation basis. Earnings per share was 11.01 euros compared to 11.05 euros. Operating prof
Hafnia press release ( HAFN ): Q4 GAAP EPS of $0.22 in-line. Revenue of $368.4M (+4.4% Y/Y) beats by $110.64M . Fee-based businesses generated earnings of USD 6.9 million compared to USD 6.9 million in Q4 2024. Time Charter Equivalent (TCE) 3 earnings were USD 259.0 million compared to USD 233.6 million in Q4 2024, resulting in an average TCE 3 of USD 27,346 per day. Adjusted EBITDA 3 of USD 149.7...
Hafnia press release ( HAFN ): Q4 GAAP EPS of $0.22 in-line. Revenue of $368.4M (+4.4% Y/Y) beats by $110.64M . Fee-based businesses generated earnings of USD 6.9 million compared to USD 6.9 million in Q4 2024. Time Charter Equivalent (TCE) 3 earnings were USD 259.0 million compared to USD 233.6 million in Q4 2024, resulting in an average TCE 3 of USD 27,346 per day. Adjusted EBITDA 3 of USD 149.7 million compared to USD 131.2 million in Q4 2024. 76% of total earning days of the fleet were covered for Q1 2026 at USD 29,979 per day as of 11 February 2026. Net asset value was approximately USD 3.5 billion, or approximately USD 7.04 per share (NOK 70.79), at quarter end. More on Hafnia Hafnia Limited: Well-Integrated Shipping Giant Offering Attractive Investor Yield Hafnia Limited 2025 Q3 - Results - Earnings Call Presentation Hafnia Limited (HAFN) Q3 2025 Earnings Call Transcript Hafnia Q3 2025 Earnings Preview Seeking Alpha’s Quant Rating on Hafnia
SmartStop Self Storage REIT, Inc. press release ( SMA ): Q4 AFFO $0.55 Revenue of $78.44M beats by $2.94M . More on SmartStop Self Storage REIT, Inc. SmartStop Self Storage: A REIT To Hold, Awaiting Stronger Market Revival Realty Income, FRT, other real estate firm ratings change at J.P. Morgan Seeking Alpha’s Quant Rating on SmartStop Self Storage REIT, Inc. Historical earnings data for SmartStop...
SmartStop Self Storage REIT, Inc. press release ( SMA ): Q4 AFFO $0.55 Revenue of $78.44M beats by $2.94M . More on SmartStop Self Storage REIT, Inc. SmartStop Self Storage: A REIT To Hold, Awaiting Stronger Market Revival Realty Income, FRT, other real estate firm ratings change at J.P. Morgan Seeking Alpha’s Quant Rating on SmartStop Self Storage REIT, Inc. Historical earnings data for SmartStop Self Storage REIT, Inc. Dividend scorecard for SmartStop Self Storage REIT, Inc.
Iran and the United States prepared to meet Thursday in Geneva for nuclear negotiations, as America has gathered a fleet of aircraft and warships to the Middle East to pressure Tehran into a deal. (Image credit: Vahid Salemi)
Iran and the United States prepared to meet Thursday in Geneva for nuclear negotiations, as America has gathered a fleet of aircraft and warships to the Middle East to pressure Tehran into a deal. (Image credit: Vahid Salemi)