Earnings Call Insights: Pampa Energía (PAM) Q4 2025 Management View Gustavo Mariani, CEO, reflected on the company’s 20th anniversary, highlighting that “Pampa accounts for 9% of the country's total natural gas production and reached a record daily production of 104,000 barrels of oil equivalent during the winter of 2025.” He emphasized a steep change in Pampa’s upstream profile, with Rincón de Ar...
Earnings Call Insights: Pampa Energía (PAM) Q4 2025 Management View Gustavo Mariani, CEO, reflected on the company’s 20th anniversary, highlighting that “Pampa accounts for 9% of the country's total natural gas production and reached a record daily production of 104,000 barrels of oil equivalent during the winter of 2025.” He emphasized a steep change in Pampa’s upstream profile, with Rincón de Aranda ramping from under 1,000 barrels per day to 20,000 barrels by December, driving annual average production above 84,000 barrels of oil equivalent per day, up 8% year-on-year. Mariani noted that consolidated EBITDA grew 8% year-on-year, surpassing $1 billion, led by power, gas, and Rincón de Aranda, and confirmed plans for ongoing growth at Rincón de Aranda to further expand oil and gas’s EBITDA contribution. He announced a record $1.4 billion in CapEx for 2025, with about half allocated to Rincón de Aranda, and projected a new record in 2026, allocating $770 million for Rincón de Aranda, $400 million for maintenance, and $600 million for TGS’s private initiative project. CFO Adolfo Zuberbuhler stated, “The base case scenario, the answer is no. The idea is we have a big cash position that we have been acquiring with our free cash flow and last year debt issuance. So the base case is that we use part of that cash to complete our CapEx investment of this year.” Outlook Management expects to reach 28,000 barrels of oil per day at Rincón de Aranda by mid-2026, with a final production target of 45,000 barrels in 2027. For 2026, capital allocation includes $770 million for Rincón de Aranda, $400 million for maintenance, and $600 million for TGS. CEO Mariani projected, “in our projections, we expect on the power generation segment around 10% to 15% increase in EBITDA and another increase coming from the fact that the total gas produced by the E&P segment will also go up by around 10%.” The company expects oil lifting costs to be in the range of $10 per barrel in 2026, with gas ...
Image source: The Motley Fool. Tuesday, March 3, 2026 at 8 a.m. ET CALL PARTICIPANTS Co-Founder — David Allemann Chief Executive Officer — Martin Hoffmann Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Full-Year Net Sales -- CHF 3.0 billion, a 30% year-on-year increase reported and 35.6% at constant currency, surpassing prior guidance. -- CHF 3.0 billion, a 30% year-on-...
Image source: The Motley Fool. Tuesday, March 3, 2026 at 8 a.m. ET CALL PARTICIPANTS Co-Founder — David Allemann Chief Executive Officer — Martin Hoffmann Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Full-Year Net Sales -- CHF 3.0 billion, a 30% year-on-year increase reported and 35.6% at constant currency, surpassing prior guidance. -- CHF 3.0 billion, a 30% year-on-year increase reported and 35.6% at constant currency, surpassing prior guidance. Q4 Net Sales -- CHF 743.8 million, up 22.6% reported and 30.6% at constant currency. -- CHF 743.8 million, up 22.6% reported and 30.6% at constant currency. Gross Profit Margin (FY) -- 62.8%, marking a record and exceeding the company’s 2026 ambition. -- 62.8%, marking a record and exceeding the company’s 2026 ambition. Gross Profit Margin (Q4) -- 63.9%, up 180 basis points year-on-year, and the highest quarterly figure to date. -- 63.9%, up 180 basis points year-on-year, and the highest quarterly figure to date. Adjusted EBITDA Margin (FY) -- 18.8%, above the previous 2026 target. -- 18.8%, above the previous 2026 target. Direct-to-Consumer (D2C) Net Sales (Q4) -- CHF 360.6 million, increasing 21.7% reported and 30% at constant currency, with global D2C share rising to 41.8% (up 110 basis points). -- CHF 360.6 million, increasing 21.7% reported and 30% at constant currency, with global D2C share rising to 41.8% (up 110 basis points). Wholesale Net Sales (Q4) -- CHF 383.2 million, up 23.4% reported and 31.2% at constant currency. -- CHF 383.2 million, up 23.4% reported and 31.2% at constant currency. Americas Region Sales (Q4) -- CHF 434.3 million, rising 12.8% reported and 21.3% at constant currency, with close to 50% from D2C. -- CHF 434.3 million, rising 12.8% reported and 21.3% at constant currency, with close to 50% from D2C. EMEA Sales (Q4) -- CHF 183.0 million, up 24.2% reported and 27.5% at constant currency; broad channel and market growth highlighted. -- CHF 183.0 million, up 24.2% r...
(RTTNews) - Hyundai Motor America reported Tuesday that it sold a total of an all-time February record of 65,677 units, up 6 percent from last year's 62,032 units, driven once again by majority sales of SUV lineup, including Tucson, Santa Fe, Palisade, and Kona. This marks the third consecutive month of record total sales. Electric and hybrid vehicle sales increased a combined 56 percent to 22,357...
(RTTNews) - Hyundai Motor America reported Tuesday that it sold a total of an all-time February record of 65,677 units, up 6 percent from last year's 62,032 units, driven once again by majority sales of SUV lineup, including Tucson, Santa Fe, Palisade, and Kona. This marks the third consecutive month of record total sales. Electric and hybrid vehicle sales increased a combined 56 percent to 22,357 total units, with electric vehicles growing by 6 percent and hybrids surging 79 percent, all February records. For the year-to-date period, total sales grew 4 percent to 121,301 units from 116,535 units in the same period last year. "Record-setting performances from IONIQ 5 and hybrid models, including Sonata HEV, Elantra HEV, Santa Fe HEV, and Tucson HEV, show how powerfully customers are responding to Hyundai's technology, design, and value. With momentum building across our EV, HEV, and ICE offerings, we expect this strong trajectory to continue," said Randy Parker, president and CEO of Hyundai Motor North America. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The United Arab Emirates said two key markets will reopen for trading on March 4, after two days of closure due to the US-Israeli war on Iran and conflict across the Middle East. The Dubai Financial Market and Abu Dhabi Securities Exchange will reopen on Wednesday, the UAE Capital Market Authority said in a statement . Dubai’s stock exchange said it is implementing a “temporary adjustment limit do...
The United Arab Emirates said two key markets will reopen for trading on March 4, after two days of closure due to the US-Israeli war on Iran and conflict across the Middle East. The Dubai Financial Market and Abu Dhabi Securities Exchange will reopen on Wednesday, the UAE Capital Market Authority said in a statement . Dubai’s stock exchange said it is implementing a “temporary adjustment limit down threshold” of 5%. “The Authority will continue to monitor developments and take any measures deemed appropriate in line with its mandate, in order to ensure investor protection,” the regulator said in a statement. The UAE has sought to repel dozens of projectiles fired by Iran, a response to US and Israeli strikes that began Saturday. The conflict threatens to upend the emirates’ carefully cultivated image as havens of calm in an often volatile region, with risks to both tourist arrivals and foreign investment. US President Donald Trump said the bombing campaign against Iran could last for weeks, while calling on the nation’s leaders to capitulate. The Islamic Republic’s security chief has ruled out negotiations. Read More: Oil Rally Builds as ‘Staggering’ Middle East War Jolts Energy While Gulf markets should be able to cope with a short-lived war in Iran, a prolonged conflict could have a profound impact, Citigroup Inc. analysts wrote in a note Monday. The United Arab Emirates and Qatar are privately lobbying allies to help them persuade Trump to reach for an off-ramp that would keep US military operations against Iran short, according to people familiar with the matter.
J Studios/DigitalVision via Getty Images Why the Defense Rally Was the Most Predictable Move of the Year For most people in the world, especially those traveling in the UAE, Qatar, and other countries of the Middle East, the news of a full-scale war between the U.S., Israel, and Iran felt like a shocking escalation. Even the U.S. president admitted that the biggest surprise of this war was Iran’s ...
J Studios/DigitalVision via Getty Images Why the Defense Rally Was the Most Predictable Move of the Year For most people in the world, especially those traveling in the UAE, Qatar, and other countries of the Middle East, the news of a full-scale war between the U.S., Israel, and Iran felt like a shocking escalation. Even the U.S. president admitted that the biggest surprise of this war was Iran’s attacks against Arab countries. But for me, and all of my friends and family who are living in Israel, this wasn’t news. In fact, we have been waiting day-to-day for more than a month and a half for war to begin, since the anti-government protests in Iran , and as the U.S. has been dramatically increasing its military presence in the Middle East. So, in a way, it was a relief for many Israelis. No one likes war, but the unknown and the looming possibility of escalation make your life so much more stressful. We had been on edge, and judging by the unheard-of amount of military power the U.S. has accumulated, it is not surprising Iran has started attacking the U.S. bases in different countries (the fact that their missiles are reaching hotels in the UAE is another topic for a different kind of article). Returning to the topic of our discussion, the market's reaction to the news was expected: the defense sector rallied. Northrop Grumman Corporation ( NOC ) was up 6%, RTX Corporation ( RTX ) up 4%, Lockheed Martin Corporation ( LMT ) and General Dynamics Corporation ( GD ) rose 2%, and L3Harris Technologies ( LHX ) is up by about 3%. So, of course, the best time to buy these stocks was ahead of the beginning of the escalation. I actually put out a commentary on February 24, which was a few days before the full-scale conflict broke out, suggesting it was a good time to buy the defense sector. I was originally asked how investors can protect themselves from tariffs and trade wars. I argued that the market was being completely distracted by those headlines, ignoring the fact that ...
Pamela Anderson has been married five times. She has made the kind of romantic decisions – impulsive, reckless, incorrigible – that suggest someone who struggles to be alone. She had known her first husband only a few days; her second marriage lasted four months; she described her most recent, in 2020, as “a disaster”. Now, at 58, she is finally single. “There’s that great Osho quote – ‘The capaci...
Pamela Anderson has been married five times. She has made the kind of romantic decisions – impulsive, reckless, incorrigible – that suggest someone who struggles to be alone. She had known her first husband only a few days; her second marriage lasted four months; she described her most recent, in 2020, as “a disaster”. Now, at 58, she is finally single. “There’s that great Osho quote – ‘The capacity to be alone is the capacity to love.’ That’s where I’m at right now,” she told AnOther magazine. “I just want to unleash the dragon. I don’t need anybody in my way. I want to get it out. It happens at different times in everybody’s life, and this is my time.” Inspiration can come from the most unlikely of places, but the pneumatic 90s pin-up must be the most unexpected feminist icon so far. And yet, her new insistence on decentring men is merely the latest entry in a list of role model moves she has made recently. It’s quite the 180 from someone whose raison d’être once appeared to be the male gaze, who surgically altered her body to cartoon proportions to appeal to them, who has said: “My boobs had a career and I was just tagging along.” Thanks to her, a badly scripted, worse acted teatime TV show about lifeguards was an international smash hit. (No one tuned in to Baywatch for the articles.) Since then, she has parlayed her celebrity currency into a more meaningful entity, using her platform to speak about animal rights and environmental activism. Her double D implants were removed in 1999. She has also done something dramatic to her face. No, not like that. Somebody most recognisable when plastered in heavy makeup choosing not to wear any at all on various red carpets may not technically be brave, comparatively, with matters of life or death. But maybe you have noticed what it’s like for women out there, especially Of A Certain Age. Many would feel vulnerable, exposed way beyond the naked face without makeup, but when you’re Anderson, who has been valued for and scrut...
Iraq started shutting oil production at the giant Rumaila field operated by BP Plc, according to a person familiar with the operation. The field is shutting as storage space is running out while tankers struggle to exit the Persian Gulf, the person said, asking not to be identified as the information isn’t public. Iraq is poised to cut 3 million barrels a day of output if conditions persist, the p...
Iraq started shutting oil production at the giant Rumaila field operated by BP Plc, according to a person familiar with the operation. The field is shutting as storage space is running out while tankers struggle to exit the Persian Gulf, the person said, asking not to be identified as the information isn’t public. Iraq is poised to cut 3 million barrels a day of output if conditions persist, the person said. BP manages the Rumaila field, one of the world’s biggest, jointly with Iraq and PetroChina Co. Rumaila pumped more than 1.4 million barrels a day in 2024, and was at roughly 1.2 million a day early last year, according to the company’s data. Iraq has also halted oil exports from its semi-autonomous Kurdistan region to the port of Ceyhan in Turkey, people with direct knowledge of the situation said earlier.
The rest of the titles revealed during the showcase didn’t have the same name recognition, but it was an eclectic bunch. Highlights includes Denshattack, which looks like a long-lost Dreamcast cult classic as it mashes up Tony Hawk-style skateboarding with, uh, trains. It’s launching on June 17th on the Switch 2, and a demo will be available in the eShop today. (You can also check out a demo on St...
The rest of the titles revealed during the showcase didn’t have the same name recognition, but it was an eclectic bunch. Highlights includes Denshattack, which looks like a long-lost Dreamcast cult classic as it mashes up Tony Hawk-style skateboarding with, uh, trains. It’s launching on June 17th on the Switch 2, and a demo will be available in the eShop today. (You can also check out a demo on Steam.) And while My Little Puppy may look absolutely adorable, feel like there has to be a darker twist to this adventure game, which follows a dog exploring the afterlife. It launches on the Switch on May 29th. Other games include: party game Heave Ho 2 (summer), action-RPG / shop management hybrid Moonlighter 2 (Switch 2 in 2026), impossibly charming “diorama puzzle game” Woodo (summer), bullet hell shooter Minishoot’ Adventures (launching today), stop-motion-esque horror game The Midnight walk (Switch 2 on March 26th), co-op brawler Rotwood from the team behind Don’t Starve (Switch 2 later today), dreamy teen adventure Mixtape (Switch 2 on May 27th), Diablo-style dungeon crawler Blighted (Switch 2 in the fall), sci-fi shooter (with mouse controls!) Deadzone: Rogue (Switch 2 on March 17th), and black-and-white photography adventure Toem 2 (summer). The presentation lasted less than 20 minutes, but managed to cram in a surprising number of interesting games, which continues to be important for the Switch 2 moving forward. This week also sees the launch of the Pokémon spinoff Pokopia, but aside from that the lineup for first-party Switch 2 games is pretty slim. But the recent focus on third-party titles and indie games is helping Nintendo fill in the gaps in its schedule while fans wait to see what the next big Switch 2 exclusive is.
Got story updates? Submit your updates here. › Strive Asset Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company's recent SEC filing. The firm acquired 20,000 shares of the semiconductor manufacturer's stock, valued at approximately $3,346,000. Why it matters Micron Technology is a major player in the semiconduct...
Got story updates? Submit your updates here. › Strive Asset Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to the company's recent SEC filing. The firm acquired 20,000 shares of the semiconductor manufacturer's stock, valued at approximately $3,346,000. Why it matters Micron Technology is a major player in the semiconductor industry, producing memory and storage solutions for a wide range of computing and electronic devices. This new investment by Strive Asset Management reflects their confidence in Micron's growth potential and the broader strength of the semiconductor market. The details Strive Asset Management's new position in Micron Technology represents a $3.35 million investment. The firm acquired 20,000 shares of the company's stock during the third quarter. This adds to Micron's growing institutional investor base, which already includes several large asset management firms. Strive Asset Management acquired the new position in Micron Technology during the third quarter of the year. The players Strive Asset Management LLC An investment management firm that has acquired a new position in shares of Micron Technology, Inc. Micron Technology, Inc. A global semiconductor company that designs and manufactures memory and storage solutions for a wide range of computing and electronic devices. Got photos? Submit your photos here. ›
This article first appeared on GuruFocus. Getting Your Sector Weights Right Is Key and Hard Views on all 11 stock market sectors John DorfmanMarch 2, 2026 (Maple Hill Syndicate) Summary Think of the U.S. stock market as a pizza. According to Standard & Poor's, it's cut into 11 slices, or sectors. Astute or poor sector selection often makes the difference between a good year in the market and a bad...
This article first appeared on GuruFocus. Getting Your Sector Weights Right Is Key and Hard Views on all 11 stock market sectors John DorfmanMarch 2, 2026 (Maple Hill Syndicate) Summary Think of the U.S. stock market as a pizza. According to Standard & Poor's, it's cut into 11 slices, or sectors. Astute or poor sector selection often makes the difference between a good year in the market and a bad one. Below are my views on the 11 sectors, listed in order of their performance in the 12 months through January (the period return). During that time, the S&P 500 Total Return Index returned 16.35%. Communication Services Period return: 29.5% The communication services sector includes media and internet stocks such as Alphabet, Meta Platforms, Netflix and Walt Disney, as well as traditional telecom companies such as AT&T, Verizon Communications and T-Mobile US. I think the group will continue to do well. Many of these companies are advertising-dependent and should benefit from political advertising in an election year. Technology Period return: 25.6% Technology stocks surged over the past three years but have sputtered so far this year as investors worry about massive data center expenditures. My stance is to maintain exposure, but underweight. Technology remains the hub of innovation; ignoring it would be unwise. However, valuations make me uneasy. For example, Nvidia sells for about 36 times earnings, Taiwan Semiconductor Manufacturing about 30 times, and Microsoft about 25 times. By comparison, the long-term average market multiple has been about 15, and currently sits closer to 24. Energy Period return: 21.8% I like oil-and-gas stocks. Oil prices fell in 2025 due to abundant supply but have risen this year amid Middle East tensions. In January, energy was the best-performing sector, jumping 14%. The Trump administration has eliminated incentives for electric vehicle purchases. Combined with a severe winter in 20252026, that environment favors traditional energy compan...
Key Points PMC FIG Opportunities sold 33,048 shares of Axos Financial in the fourth quarter; the estimated transaction value is $2.72 million based on average fourth-quarter pricing. The quarter-end value of the Axos Financial position fell by $2.79 million, reflecting both the share sale and stock price movement. After the trade, the fund holds 6,548 shares valued at $564,176, or 0.89% of AUM, pl...
Key Points PMC FIG Opportunities sold 33,048 shares of Axos Financial in the fourth quarter; the estimated transaction value is $2.72 million based on average fourth-quarter pricing. The quarter-end value of the Axos Financial position fell by $2.79 million, reflecting both the share sale and stock price movement. After the trade, the fund holds 6,548 shares valued at $564,176, or 0.89% of AUM, placing it outside the fund’s top five holdings. The position previously accounted for 5.1% of the fund’s AUM as of the prior quarter. 10 stocks we like better than Axos Financial › On February 17, 2026, PMC FIG Opportunities reported selling 33,048 shares of Axos Financial (NYSE:AX), an estimated $2.72 million trade based on quarterly average pricing. What happened According to a filing with the Securities and Exchange Commission on February 17, 2026, PMC FIG Opportunities reduced its holdings in Axos Financial by 33,048 shares. The estimated transaction value was $2.72 million, based on average closing prices during the fourth quarter. The stake’s quarter-end value decreased by $2.79 million, a figure that incorporates both the share sale and changes in Axos Financial’s stock price during the period. What else to know Following the sale, Axos Financial represents 0.89% of fund AUM, down from 5.1% in the prior quarter. Top holdings after the filing: NASDAQ: CCB: $4.95 million (7.8% of AUM) NASDAQ: TBBK: $4.78 million (7.5% of AUM) NYSE: SF: $3.94 million (6.2% of AUM) NASDAQ: NBN: $3.40 million (5.3% of AUM) NYSE: BAC: $3.24 million (5.1% of AUM) As of Monday, Axos Financial shares were priced at $89.47, up 34% over the past year and well outperforming the S&P 500, which is instead up about 16% in the same period. Company overview Metric Value Revenue (TTM) $1.3 billion Net income (TTM) $456.63 million Market capitalization $5.1 billion Price (as of Monday) $89.47 Company snapshot Axos Financial offers a comprehensive suite of consumer and business banking products, includin...
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavywe...
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD). JD.com currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 22 brokerage firms. An ABR of 1.67 approximates between Strong Buy and Buy. Of the 22 recommendations that derive the current ABR, 15 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 68.2% and 9.1% of all recommendations. Brokerage Recommendation Trends for JD Broker Rating Breakdown Chart for JD Check price target & stock forecast for JD.com here>>> While the ABR calls for buying JD.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Zacks Rank, our proprietary stock rating tool with an impressive externally ...
Wall Street is mired in another panic over AI. And we contrarians are here for it. Our play? As always, we're going where first-level investors aren't, quietly snapping up dividends AI is set to supercharge. I'm talking specifically about an overlooked opportunity in drug stocks, which are about to see the value of their R&D dollars get a big boost from AI. We're going to tap in with an 8.8%-yield...
Wall Street is mired in another panic over AI. And we contrarians are here for it. Our play? As always, we're going where first-level investors aren't, quietly snapping up dividends AI is set to supercharge. I'm talking specifically about an overlooked opportunity in drug stocks, which are about to see the value of their R&D dollars get a big boost from AI. We're going to tap in with an 8.8%-yielding closed-end fund (CEF) that's trading for 11.4% below its "true" value. That discount exists in part because investors--worried about how AI may disrupt sectors like software--are ignoring pharma, and the accelerated product cycles (and cash flows!) AI is about to unleash here. 15 Years of Drug Research--Suddenly Sliced to Six 2026 is the first commercial year of "applied AI"--where AI moves past the hype stage and starts showing up in margins, product cycles and cash flows. We're already seeing the downdraft of that in software stocks, which have taken a beating as tools like Claude Code let more people make their own apps. The pullback has taken a chunk out of logistics companies and IT-security firms, too. Pharma is the opposite of these. Because AI isn't replacing drug companies and the scientists who work for them, it's making these firms bigger, stronger and more profitable. As you may already know, once a drug is developed, it moves through Phase I, II and III testing before being approved by the FDA. It can fail anytime in that process, sending researchers back to square 1--and wiping out every dollar spent on R&D to that point. Enter AI, which can let scientists crank out new drugs faster and, most important, let these experimental treatments flunk out (if they're going to!) in a cheap computer simulation, not halfway through a Phase III trial. Historically, it has taken 10 to 15 years to develop a new drug. Every month matters because patents last only 20 years. The faster a company gets a drug to market, the more months and years it has to collect that competi...
YORK, Pa., March 03, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2025 financial results. President Hand reported that 2025 operating revenues of $77,488,000 increased $2,529,000, but net income of $20,058,000 decreased $267,000 compared to 2024. Basic and Diluted Earnings per share of $1.39 for 2025 decreased $0.03 compared to...
YORK, Pa., March 03, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2025 financial results. President Hand reported that 2025 operating revenues of $77,488,000 increased $2,529,000, but net income of $20,058,000 decreased $267,000 compared to 2024. Basic and Diluted Earnings per share of $1.39 for 2025 decreased $0.03 compared to 2024. Increased revenues were primarily due to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The Company also recognized a non-recurring gain on life insurance. The increased revenue, lower income taxes, and gain on life insurance were more than offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower allowance for funds used during construction (AFUDC). AFUDC is the cost of debt and equity funds used to finance plant construction. During the year, the Company invested $48.7 million in capital projects for main extensions and an upgrade to the enterprise software system, as well as various replacements and improvements to infrastructure and routine items. During 2025, the Company replaced approximately 54,100 feet of water main and 1,800 feet of wastewater main to improve its distribution and collection systems, reduce ongoing expenses, and improve customer service. President Hand also reported that for the fourth quarter of 2025 operating revenues increased $606,000 and net income increased $25,000 compared to the fourth quarter of 2024. Basic and Diluted Earnings per share were $0.36 for the fourth quarter of 2025, the same as the fourth quarter last year. Increased revenues were primarily due to revenues from growth in the custo...
Atomicwork announced the availability of its agentic service management (ITSM & ESM) platform in the Microsoft Marketplace, the unified destination for customers to buy trusted cloud solutions, AI apps, and agents to meet their business needs.
Atomicwork announced the availability of its agentic service management (ITSM & ESM) platform in the Microsoft Marketplace, the unified destination for customers to buy trusted cloud solutions, AI apps, and agents to meet their business needs.
Just_Super/iStock via Getty Images Investment Thesis I rate iShares MSCI Canada ETF ( EWC ) a hold due to mixed factors impacting the fund. While the ETF captures companies with sound fundamentals that are demonstrating solid growth, many of these companies have lofty valuations. Additionally, the forecast interest rates and economic contraction of the Canadian economy will limit upside for the fu...
Just_Super/iStock via Getty Images Investment Thesis I rate iShares MSCI Canada ETF ( EWC ) a hold due to mixed factors impacting the fund. While the ETF captures companies with sound fundamentals that are demonstrating solid growth, many of these companies have lofty valuations. Additionally, the forecast interest rates and economic contraction of the Canadian economy will limit upside for the fund's top financial holdings. Finally, the fund has a relatively high expense ratio compared to similar Canada-focused funds. iShares MSCI Canada ETF: Overview and Compared ETFs EWC is an ETF that seeks to passively track an index that captures large and mid-sized Canadian companies. With its inception in 1996, the fund has 84 holdings and $4.5 billion in AUM. Geographically, EWC is concentrated in only one country. However, by sector, EWC is diversified with 36% weight in financials, followed by 19% in materials, and 17% in energy. For comparison purposes, other funds examined are Franklin FTSE Canada ETF ( FLCA ), JPMorgan BetaBuilders Canada ETF ( BBCA ), and Vanguard Total International Stock ETF ( VXUS ). FLCA passively tracks a similar index to EWC and captures large and mid-cap holdings . BBCA uses a free-float adjusted market-cap weighted index to passively capture holdings on the Toronto Stock Exchange. Finally, VXUS is included for comparison purposes as it tracks a broad non-U.S. international index. EWC Compared: Performance, Expense Ratio, and Dividend Yield EWC has seen a 5-year average annual return of 14.12%. Peer Canadian funds, FLCA and BBCA, saw comparable 5-year average annual returns of 14.92% and 14.68%, respectively. These funds rival the performance of the S&P 500 Index, which has seen a 5-year average annual return of just over 14%. VXUS, the only internationally diversified fund, saw the worst performance with a 5-year average annual return of 9.81%. 5-Year Total Return: EWC and Compared Funds (Seeking Alpha) A key downside for EWC is its expense ra...
Zolak/iStock via Getty Images Commentary as of 12/31/25 The fund posted a return of 1.73% (Class I shares) for the fourth quarter of 2025. The fund's outperformance of its benchmark was driven by security selection in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively, as did underweight hold...
Zolak/iStock via Getty Images Commentary as of 12/31/25 The fund posted a return of 1.73% (Class I shares) for the fourth quarter of 2025. The fund's outperformance of its benchmark was driven by security selection in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively, as did underweight holdings in lower-quality credit. An underweight exposure to BB rated credit detracted. The fund retained an underweight position in BB rated securities, preferring to seek incremental yield in select B and higher-quality CCC rated credit. The loan allocation was reduced from about 7.2% to 6.7% as the Federal Reserve's (Fed) monetary policy easing has diminished income potential in the space. Contributors Detractors During the quarter, positive performance was driven by security selection, especially in the media & entertainment, retailers, and chemicals sectors. Overweight positions in investment grade securities and CCC rated issuers contributed positively. Underweight holdings in lower-quality credit also helped returns, as the sector performed weakly. Over 2025, security selection in the technology, media & entertainment, and retailers sectors led performance, along with underweight holdings in cyclical sectors. Selection in the midstream, cable & satellite, and construction machinery detracted. The fund's tactical loan allocation hampered returns during the quarter and over the full year as the sector underperformed high yield bonds. An underweight exposure to BB rated credit and security selection in BBB and B rated names was a hindrance during the quarter. For the full year, security selection in the cable & satellite, midstream, and independent energy sectors weighed on returns. Click to enlarge Further insight Entering 2026, high yield spreads of about 270 basis points (bps) are near their tightest levels for a number of years. Barring a major "risk-off" event, we expe...
is a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bloomberg. I am excited about the SpaceX IPO for all the reasons investors shouldn’t be. Maybe it’ll be a real marquee moment for Silicon Valley, but I see the potential for a shitshow. After all, more than a decade ago, Musk said that SpaceX going publi...
is a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bloomberg. I am excited about the SpaceX IPO for all the reasons investors shouldn’t be. Maybe it’ll be a real marquee moment for Silicon Valley, but I see the potential for a shitshow. After all, more than a decade ago, Musk said that SpaceX going public before going to Mars would be bad for the company. Are private markets tapped out on cash to fund SpaceX ambitions? Elon Musk has been very clear about his feelings on publicly traded companies. Specifically: He doesn’t like them! “I am hesitant to foist being public on SpaceX, especially given the long term nature of our mission.” In 2013, Musk sent an email to SpaceX, which his biographer Ashlee Vance reprinted in his book, saying he didn’t want to take the company public until his Mars transport system is in place. Tesla went public because it “didn’t have any choice,” Musk wrote in a memo to SpaceX employees in 2013. “I am hesitant to foist being public on SpaceX, especially given the long term nature of our mission.” An IPO can raise a lot of money for a company while letting longtime investors exit. But there’s a price. It’s possible the private market has overvalued the company or the financials don’t look as good as everyone hoped. And it’s much easier for investors to bail on a public company than a private one. There are other things Musk cited in his 2013 memo, too. “Public companies are judged on quarterly performance,” he wrote. If SpaceX had a bad quarter as a public company, “short sellers would be hitting us over the head with a large stick.” The stock also would get beaten up every time something went wrong with a SpaceX rocket. (In non-Trump administrations, public companies are also scrutinized more closely by financial regulators than private ones — though Trump’s SEC seems to exist largely to get rid of old SEC cases.) Data centers in space are the pu...
NIO Inc. NIO, XPeng Inc. XPEV and Li Auto Inc. LI, three leading China-based manufacturers of smart electric vehicles, have announced their delivery results for February 2026. NIO reported deliveries of 20,797 vehicles for the month, reflecting a 57.6% increase compared with the same period last year. Of this total, 15,159 vehicles were delivered under its premium NIO brand, 2,981 units came from ...
NIO Inc. NIO, XPeng Inc. XPEV and Li Auto Inc. LI, three leading China-based manufacturers of smart electric vehicles, have announced their delivery results for February 2026. NIO reported deliveries of 20,797 vehicles for the month, reflecting a 57.6% increase compared with the same period last year. Of this total, 15,159 vehicles were delivered under its premium NIO brand, 2,981 units came from its family-focused ONVO brand, and 2,657 vehicles were delivered under its small high-end FIREFLY brand. As of Feb. 28, 2026, NIO’s cumulative deliveries reached 1,045,571 vehicles. XPeng delivered 15,256 vehicles in February compared with 30,453 units delivered in February 2025. During the month, XPeng also initiated global deliveries of its new XPENG P7+, with the first batch shipped to 18 countries. The launch represents an important milestone in expanding the model’s intelligent and spacious driving experience to young families around the world. Li Auto delivered 26,421 vehicles in February 2026, up from 26,263 units in February 2025. By Feb. 28, 2026, Li Auto’s cumulative deliveries had climbed to 1,594,304 vehicles. As of the same date, the company operated 539 retail stores across 160 cities, along with 548 servicing centers and authorized body and paint shops in 223 cities. In addition, Li Auto had 4,054 supercharging stations in operation throughout China, providing 22,447 charging stalls. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research