Ares Management Corporation ’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies. Speaking in an interview on Thursday with Bloomberg TV, Jacobson said that Ares’ 3,000 or so companies around the world are growing at between 8% to 12% a year. “There’s a lot of discussion and anxiet...
Ares Management Corporation ’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies. Speaking in an interview on Thursday with Bloomberg TV, Jacobson said that Ares’ 3,000 or so companies around the world are growing at between 8% to 12% a year. “There’s a lot of discussion and anxiety about distress — we aren’t seeing it,” he said. The Los Angeles-based firm currently has $644 billion of assets under management, according to its website . Private credit has faced intense scrutiny since the start of this year following a wave of withdrawal requests from retail investors, fueled in part by unease over valuations and the impact of AI on software businesses. On Tuesday, Cliffwater LLC’s flagship private credit fund announced that it was capping redemptions for the second consecutive quarter, after investors attempt to pull about 17% of their shares. In the interview, however, Jacobson said that the rates of non-accrual — when a loan no longer generates its expected interest income — are lower than the company has seen historically. Despite the volatility caused by the rise in oil prices and interest-rate expectations, the broader macroeconomic picture is supportive, the Ares co-president said, with gross domestic product set to grow in the US, Europe and the UK. Meanwhile, the reduction in capital flows into the industry as a result of retail investors’ increased caution, actually benefits the asset class in some ways, he said. “When there is less competition we can actually charge higher interest rates,” he said, along with providing “slightly more conservative loans and conservative documentation.” Read More: Private Credit’s Reckoning Is Written in the ‘Laws of Physics’ ‘Mathematically Comfortable’ In the current interest-rate environment, Jacobson said his portfolio companies are in a “mathematically comfortable” position, noting that there are no sign...
Tourmaline Oil ( TRMLF ) declares CAD 0.50/share quarterly dividend , in line with previous. Payable June 30; for shareholders of record June 15; ex-div June 15. See TRMLF Dividend Scorecard, Yield Chart, & Dividend Growth. More on Tourmaline Oil Tourmaline Oil: Canada's Natural Gas Champion Remains Mispriced Tourmaline Oil Corp. (TOU:CA) Q1 2026 Earnings Call Transcript Tourmaline Oil: Shell's $1...
Tourmaline Oil ( TRMLF ) declares CAD 0.50/share quarterly dividend , in line with previous. Payable June 30; for shareholders of record June 15; ex-div June 15. See TRMLF Dividend Scorecard, Yield Chart, & Dividend Growth. More on Tourmaline Oil Tourmaline Oil: Canada's Natural Gas Champion Remains Mispriced Tourmaline Oil Corp. (TOU:CA) Q1 2026 Earnings Call Transcript Tourmaline Oil: Shell's $16 Billion ARC Deal Strengthens The Thesis Shell's $16.4B deal for ARC Resources looks like fair value, analyst says Historical earnings data for Tourmaline Oil
High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.
High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.
PM says Britons are ‘reasonable, tolerant people’ and backs MP’s legal action against Grok firm over fake sexualised images UK politics live – latest updates Elon Musk is “interfering in our politics” and attempting to create division, Keir Starmer has said in a significant toughening of government language about the X owner. It follows weeks of posts by Musk on his social media platform about the...
PM says Britons are ‘reasonable, tolerant people’ and backs MP’s legal action against Grok firm over fake sexualised images UK politics live – latest updates Elon Musk is “interfering in our politics” and attempting to create division, Keir Starmer has said in a significant toughening of government language about the X owner. It follows weeks of posts by Musk on his social media platform about the murder of Henry Nowak , many of which have used far-right themes and talking points. Continue reading...
June Nasdaq 100 E-Mini futures (NQM26) are trending down -1.12% this morning as a disappointing forecast from Broadcom led investors to hit pause on the AI trade.
June Nasdaq 100 E-Mini futures (NQM26) are trending down -1.12% this morning as a disappointing forecast from Broadcom led investors to hit pause on the AI trade.
Columbus McKinnon press release ( CMCO ): Q4 Non-GAAP EPS of $0.24 misses by $0.12 . Revenue of $437.8M (+77.3% Y/Y) beats by $19.92M . FY27 revenue consensus of $2.07B, EPS consensus of $1.70. Fiscal Year 2027 Guidance The Company's outlook for fiscal 2027 reflects both the Kito Crosby Acquisition and the Divestiture. The Company is issuing the following guidance for fiscal 2027, ending March 31,...
Columbus McKinnon press release ( CMCO ): Q4 Non-GAAP EPS of $0.24 misses by $0.12 . Revenue of $437.8M (+77.3% Y/Y) beats by $19.92M . FY27 revenue consensus of $2.07B, EPS consensus of $1.70. Fiscal Year 2027 Guidance The Company's outlook for fiscal 2027 reflects both the Kito Crosby Acquisition and the Divestiture. The Company is issuing the following guidance for fiscal 2027, ending March 31, 2027: Metric FY27 Net sales $2.05 billion to $2.12 billion Adjusted EBITDA 7 $390 million to $410 million Adjusted EPS 7 $1.70 to $1.90 Click to enlarge Fiscal 2027 guidance assumes approximately: $185 million to $190 million of interest expense, $135 million to $140 million of amortization expense, $75 million to $80 million of depreciation expense, an effective tax rate of 25%, and 52 million Adjusted Diluted Shares Outstanding 7 as a result of the Company's expectation that the dividends payable on the Preferred Shares 6 will be accrued, accumulated and compounded, rather than being paid in cash during fiscal 2027. More on Columbus McKinnon Columbus McKinnon Corporation (CMCO) Presents at Sidoti March Small-Cap Virtual Conference - Slideshow Columbus McKinnon Corporation (CMCO) Presents at JPMorgan Industrials Conference 2026 Transcript Seeking Alpha’s Quant Rating on Columbus McKinnon Historical earnings data for Columbus McKinnon Dividend scorecard for Columbus McKinnon
(RTTNews) - X-Energy (XE) announced first quarter financial results for X-Energy Reactor Company, LLC, the predecessor company to X-Energy, Inc. Net loss was $166.2 million compared to a loss of $10.2 million, prior year.
(RTTNews) - X-Energy (XE) announced first quarter financial results for X-Energy Reactor Company, LLC, the predecessor company to X-Energy, Inc. Net loss was $166.2 million compared to a loss of $10.2 million, prior year.
Crude oil tanker operator DHT Holdings ( DHT ) announced it has entered into a new $250 million reducing revolving credit facility with a seven-year tenor maturing in June 2033. The facility, which features a 20-year repayment profile, bears interest at SOFR plus a margin of 135 basis points and includes a $250 million uncommitted accordion feature. The capital will be deployed for general corpora...
Crude oil tanker operator DHT Holdings ( DHT ) announced it has entered into a new $250 million reducing revolving credit facility with a seven-year tenor maturing in June 2033. The facility, which features a 20-year repayment profile, bears interest at SOFR plus a margin of 135 basis points and includes a $250 million uncommitted accordion feature. The capital will be deployed for general corporate purposes, including the refinancing of the crude oil tanker company's existing indebtedness. More on DHT Holdings DHT Holdings: Don't Sit On Your Hands, The Yield Is Well-Insulated From Risk (Rating Upgrade) DHT Holdings: A 14.5% Yield Hiding In Plain Sight? Not So Fast DHT Holdings, Inc. 2026 Q1 - Results - Earnings Call Presentation These 10 mid-cap energy stocks rank among the market's cheapest names David Einhorn’s DME Capital boosts Peloton, trims DHT, among Q1 trades