Getty Images CoinShares PLC ( CSHR ) released FY25 earnings about two weeks ago (April 30), and that earnings release provided the first full look into the company as a U.S. listed company with results reported under U.S. GAAP for the first time. CoinShares should be a familiar company for investors who track crypto ETPs. They produce and release some of the highest quality (in my view) research r...
Getty Images CoinShares PLC ( CSHR ) released FY25 earnings about two weeks ago (April 30), and that earnings release provided the first full look into the company as a U.S. listed company with results reported under U.S. GAAP for the first time. CoinShares should be a familiar company for investors who track crypto ETPs. They produce and release some of the highest quality (in my view) research reports with granular data points to track and monitor capital flows in crypto assets. I have used their reports countless times for my own independent personal research and for articles I write here on Seeking Alpha. While they may be known to the broader crypto investment audience as an ETP issuer, CoinShares history dates back to 2015 when they released the first regulated Bitcoin ( BTC-USD ) nearly a decade before spot Bitcoin ETFs were approved by regulators in the U.S. CoinShares’ business operations can be grouped in three distinct business lines from an operational view, which are Asset Management, Capital Markets, and Hedge Fund Solutions business lines, but in its financial reports the results are reported in two operating segments, Asset Management and Capital Markets, likely reason being similar revenue model classification of the Hedge Fund Solutions business, as it is an alpha-focused product suite intended to complement the ETP business. The Asset Management division spans four product platforms which includes a benchmark index: CoinShares Physical (the newer European crypto ETPs), CoinShares XBT Provider (legacy European ETPs), CoinShares Valkyrie (US ETFs platform), and The Block Global Equity Index. Both segments are directly exposed to and scale with the assets under management [AuM] on a revenue basis, though the Asset Management segment is more directly tied to AuM as its revenue is basically how much management fees is made from AuM. while the Capital Markets segment generates revenue through trading income, market making spreads, staking yields, asset ...
It's fun and potentially lucrative, at least in the short run and if your timing is right, to invest in meme stocks. AMC Entertainment (NYSE: AMC) was one such stock, and its share price went for a wild ride. At one point in 2021, the price shot up to well over $600, but it currently trades under $2. Arcs like that may make for exciting headlines, as well as big paydays for a few lucky traders. Bu...
It's fun and potentially lucrative, at least in the short run and if your timing is right, to invest in meme stocks. AMC Entertainment (NYSE: AMC) was one such stock, and its share price went for a wild ride. At one point in 2021, the price shot up to well over $600, but it currently trades under $2. Arcs like that may make for exciting headlines, as well as big paydays for a few lucky traders. But it's awfully hard for a long-term minded investors to profit. It's a much better strategy to own dividend-paying stocks with strong underlying fundamentals. Target (NYSE: TGT) belongs in that category. Its share price may not shoot up overnight, but it won't collapse, either. However, it could help you build wealth over time through dividends and share price appreciation. Continue reading
International Game Technology press release ( BRSL ): Q1 Non-GAAP EPS of $0.14 misses by $0.04 . Revenue of $587M (+0.7% Y/Y) misses by $20.13M . Adjusted EBITDA of $287 million rose 15%, or 5% at constant currency, on profit flow-through of higher revenue and operational discipline. Strong balance sheet and credit profile; reaffirming 2026 revenue and profit outlook Financial OutlookReaffirming F...
International Game Technology press release ( BRSL ): Q1 Non-GAAP EPS of $0.14 misses by $0.04 . Revenue of $587M (+0.7% Y/Y) misses by $20.13M . Adjusted EBITDA of $287 million rose 15%, or 5% at constant currency, on profit flow-through of higher revenue and operational discipline. Strong balance sheet and credit profile; reaffirming 2026 revenue and profit outlook Financial OutlookReaffirming FY'26 revenue and profit outlook: Revenue of $2.50 - $2.55 billion ( vs. $2.52B consensus) Includes more than five percent organic growth; approximately $175 million in incremental Italy Lotto-related service revenue amortization impacts reported growth Adjusted EBITDA of $1.16 - $1.19 billion; revenue growth and OPtiMa savings more than offset approximately $50 million of investments in growth initiatives Net cash used in operating activities of approximately $900 million includes €1.43 billion or $1.67 billion related to final Italy Lotto license payment; approximately $750 million in cash from operations excluding Italy Lotto license payment Capital expenditures of approximately $450 million - $475 million reflects contractual obligations related to recent contract wins and extensions More on International Game Technology Don't Ignore Brightstar Lottery Brightstar Lottery PLC (BRSL) Q4 2025 Earnings Call Transcript Brightstar Lottery PLC 2025 Q4 - Results - Earnings Call Presentation International Game Technology Q1 2026 Earnings Preview International Game Technology Q4 2025 Earnings Preview
pryzmat/iStock via Getty Images Introduction Back when I last covered SSR Mining ( SSRM ), I highlighted their significant move to sell the Çöpler project for $1.5 billion, which will transform the business significantly while they have significant optionality and a strong balance sheet, upgrading them to a Strong Buy. With the stock up roughly twice as much as the S&P 500 (~22%) since then, I bel...
pryzmat/iStock via Getty Images Introduction Back when I last covered SSR Mining ( SSRM ), I highlighted their significant move to sell the Çöpler project for $1.5 billion, which will transform the business significantly while they have significant optionality and a strong balance sheet, upgrading them to a Strong Buy. With the stock up roughly twice as much as the S&P 500 (~22%) since then, I believe SSRM is a Buy, with their significant pivot advancing and solid performance reported recently, with plenty of potential for a re-rating as they transition into an Americas-focused gold and silver miner. Pivot Advancing Well SSR Mining IR SSRM reported a strong Q1, beating the market’s EPS and revenue estimates significantly thanks especially to the the higher gold prices despite an increase in AISC (costs expected to fall in H2), with a hit in production at Seabee due to extreme cold during Q1 and higher grades stacking at Marigold (with AISC there expected to peak in Q2 due to fleet replacements and upgrades), still being on track to meet their original AISC guidance for FY26 ($2,360 to $2,440 per oz). SSR Mining IR Meanwhile, the free cash flow reached a very strong $210.78 million in Q1 (continuing operations only), well above the $71.89 million seen in Q1’25, which is even more impressive given the fact that they expect 55% to 60% of their FY production to be in the second half, with higher capital spend in Q2 and Q3. SSR Mining IR Regarding Çöpler, the deal is expected to close before the end of Q3 2026, offering immense potential for their strategic pivot into an Americas-based gold and silver producer with “a clear emphasis on free cash flow generation,” currently waiting for the deal to close before doing more buybacks (or other initiatives), while Hod Maden is still under review over the next following months, potentially reinforcing their pivot further, which should also warrant a different valuation going forward since the Turkey risks would diminish. SSR Mi...
Nvidia's rally will not run out of steam anytime soon, according to Wells Fargo. The bank, which has an overweight rating on the chipmaker, raised its price target to $315 from $265. The new forecast calls for 44% upside from Monday's close. "With continued indications / commentary pointing to a compute demand > supply backdrop, we think a key factor driving NVDA's Data Center rev is the company's...
Nvidia's rally will not run out of steam anytime soon, according to Wells Fargo. The bank, which has an overweight rating on the chipmaker, raised its price target to $315 from $265. The new forecast calls for 44% upside from Monday's close. "With continued indications / commentary pointing to a compute demand > supply backdrop, we think a key factor driving NVDA's Data Center rev is the company's ability to scale [gigawatts] of AI infra deployed," analyst Aaron Rakers said Tuesday in a note to clients. Rakers highlighted Nvidia's Blackwell platform for AI as major drivers of its data center revenue. That artificial intelligence pipeline is projected to reach more than $1 trillion by 2027, per Wells Fargo. The company also stands to see more upside from its other offerings, including Groq 3 LPX, a rack-scale AI inference accelerator designed for Nvidia's Vera Rubin supercomputing architecture, according to the analyst. Rakers also said Nvidia remains attractively valued despite being up 18% year to date. Despite the peak share / margin concerns, we continue to argue that NVIDIA trading at < 20x P/E on what we view as durable 2027 consensus estimates and favorable growth outlook should be bought," Rakers wrote. "We see NVIDIA as one of the most attractive secular growth stories in large-cap semis." Of the 61 analysts covering Nvidia, 57 have a buy or strong buy rating on shares, LSEG data shows.
J Studios/DigitalVision via Getty Images Barrick Reported Q1 Earnings I wrote about Barrick Mining Corporation ( B ) only once, in March 2026 , when the stock was heading right to its 200-day simple moving average amid the correction in the underlying commodity (the gold spot price). I called for buying the dip in B because it looked good fundamentally in the medium term, even at slightly lower se...
J Studios/DigitalVision via Getty Images Barrick Reported Q1 Earnings I wrote about Barrick Mining Corporation ( B ) only once, in March 2026 , when the stock was heading right to its 200-day simple moving average amid the correction in the underlying commodity (the gold spot price). I called for buying the dip in B because it looked good fundamentally in the medium term, even at slightly lower selling gold prices. Since then, the stock has managed to go up by almost 23%, beating the S&P 500's recovery rally of ~12.4%. The bounce took place right at the 200-day MA line, surprisingly: TrendSpider Software, B daily, Oakoff's notes Yesterday, Barrick reported Q1 earnings , beating the consensus estimates on both lines, and the stock soared by over 8% during the post-earnings trading session. I like their numbers as they exceeded even my previously bullish expectations. Production levels should remain in solid shape over the next few quarters. Plus, management announced a massive $3 billion buyback plan, so support for public market trading is going to be there, protecting shareholders from abrupt corrections, in my understanding (let alone supporting multiple expansions). I think B remains undervalued in general, so a "Buy" is the most logical rating for the stock at the moment. Let's Review Barrick's Q1 Earnings In Q1, Barrick made $5.22 billion in revenues (+66.8% YoY) and ~$0.98 in adjusted EPS (+180% YoY), beating the consensus estimates by 7.74% and 21.19%, respectively, according to Seeking Alpha data. We saw one of the strongest top-line beats since at least late 2022 - mainly thanks to the fact that the production levels turned out to be above the initial projections. Barrick produced 719,000 ounces of gold in Q1 (+4% YoY), while the guidance range was targeting a 640,000-680,000 ounce range. The North American output increased by 10% YoY in the quarter, while the mining tonnages at the Nevada Gold Mines (NGM) hit a record level. Plus, we saw an ahead-of-schedu...
Allot press release ( ALLT ): Q1 Non-GAAP EPS of $0.06 beats by $0.02 . Revenue of $26.4M (+13.8% Y/Y) beats by $0.28M . Gross profit on a non-GAAP basis for the first quarter of 2026 was $18.8 million (gross margin of 71.3%), a 16% increase compared with $16.3 million (gross margin of 70.4%) in the first quarter of 2025. Operating cash flow generated in the quarter was $10.6 million compared with...
Allot press release ( ALLT ): Q1 Non-GAAP EPS of $0.06 beats by $0.02 . Revenue of $26.4M (+13.8% Y/Y) beats by $0.28M . Gross profit on a non-GAAP basis for the first quarter of 2026 was $18.8 million (gross margin of 71.3%), a 16% increase compared with $16.3 million (gross margin of 70.4%) in the first quarter of 2025. Operating cash flow generated in the quarter was $10.6 million compared with $1.7 million in the first quarter of 2025. Cash and cash equivalents, bank deposits, restricted deposits and investments as of March 31, 2026, totaled $98 million, compared with $88 million as of December 31, 2025. "Looking ahead, we reaffirm our 2026 revenue guidance of $113 million to $117 million (vs. consensus of $115.83M) , with continued profitability improvements throughout the year. Following a strong first quarter we feel increasingly confident toward the upper end of that range and furthermore, we now have the strong visibility ahead to predict 40% or more SECaaS revenue growth in 2026."
(RTTNews) - Tuesday, IREN Limited (IREN) announced the pricing of a $2.6 billion private offering of 1.00% convertible senior notes due 2033, which was increased from the previously announced offering size of $2 billion.
(RTTNews) - Tuesday, IREN Limited (IREN) announced the pricing of a $2.6 billion private offering of 1.00% convertible senior notes due 2033, which was increased from the previously announced offering size of $2 billion.
Eka Jaya Permana/iStock via Getty Images The following segment was excerpted from the Alger Concentrated Equity ETF Q1 2026 Commentary The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the first quarter of 2026. Western Digital Corporation, Nebius Group N.V. and GE Vernova Inc. were among the top contributors to performance. Western Digital ( WDC ) is a hard disk ...
Eka Jaya Permana/iStock via Getty Images The following segment was excerpted from the Alger Concentrated Equity ETF Q1 2026 Commentary The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the first quarter of 2026. Western Digital Corporation, Nebius Group N.V. and GE Vernova Inc. were among the top contributors to performance. Western Digital ( WDC ) is a hard disk drive (HDD) storage company benefiting from rising hyperscaler data center investment and the continued proliferation of data. The HDD industry is highly consolidated, with only two scaled manufacturers, and Western Digital holds a leading market position. The business has structurally shifted toward cloud customers as consumer exposure has declined, with cloud representing the majority of Western Digital's revenue. Importantly, industry participants have emphasized capital discipline—prioritizing higher areal density (i.e., more terabytes per drive) rather than adding significant unit capacity—which supports a healthier supply/demand balance and improved profitability. During the quarter, shares contributed positively to performance after the company delivered strong fiscal second-quarter results highlighted by robust revenue growth, record gross margins, and favorable pricing dynamics in a tightly supplied market. Notably, the company's full-year production capacity is committed under long-term agreements, providing strong revenue visibility. We believe Western Digital's leadership in high-capacity drive technology and its essential role within the AI data infrastructure ecosystem support a durable long-term growth trajectory. Nebius Group ( NBIS ) is a specialized AI infrastructure company that provides a full-stack platform, including GPU-accelerated cloud computing, to help enterprises build, train, and deploy large-scale artificial intelligence models. The company has positioned itself as a leading next-generation cloud provider purpose-built for machine learning and ...
Justin Paget/DigitalVision via Getty Images Summary I gave a hold rating to Fortune Brands Innovation ( FBIN ) in November last year, with my key concern being that the equity story was still in the "show me" phase. Fast forward to today, I still think that is the right view (hold rating). In fact, one can argue the situation has gotten worse as the main issue for FBIN is not just weak housing dem...
Justin Paget/DigitalVision via Getty Images Summary I gave a hold rating to Fortune Brands Innovation ( FBIN ) in November last year, with my key concern being that the equity story was still in the "show me" phase. Fast forward to today, I still think that is the right view (hold rating). In fact, one can argue the situation has gotten worse as the main issue for FBIN is not just weak housing demand. Internal execution seems to be a problem as management cut guidance even though its market assumptions did not change. Earnings results update FBIN reported its Q1 2026 earnings last week, and it was not super great. Reported headline sales were down 2.1% y/y to ~$1 billion. For China, it remained a drag, with sales there down $9.1 million, or 25%, due to lower volume. Even if we exclude China, total sales were still down 1.2% y/y. The main drag was lower volume, which was partly offset by price increases. Splitting into segments, water sales were basically flat at $563.7 million on a reported basis, and excluding China, this segment saw 1.5% y/y growth. The good news here is that Moen returned to growth in retail and e-commerce, but it was negative that wholesale turned weaker as new-construction-related demand stayed soft. As for Outdoors sales, they were down 3.4% y/y to $294.4 million. The decline was driven mainly by Fiberon. Demand appears to remain weak here as channel inventories stayed at historically low levels. Lastly, security sales were also down 6% y/y to $153.2 million. As a result, margins and profits were weak across the business. Water EBIT before charges / gains was down 6.3% y/y, with margins down 120bps y/y; Outdoors EBIT before charges / gains was down 31.2%, and margin fell 300 bps to 7.4%; and Security EBIT before charges / gains was down 6.5%, with margin flat at 14.2%. On a consolidated basis, total EBIT before charges / gains was down 17.5% y/y, and margin fell 200 bps to 11.1%. Guidance reset The big issue this quarter was that FBIN cut its ...
A customer hands over a pineapple to a vendor at a roadside shop decorated with plastic Vishu Konna flowers (scientific name: Cassia fistula) ahead of the Vishu festival in Kochi, India, on April 14, 2026. Nurphoto | Nurphoto | Getty Images India's consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March, even as the government kept prices at the pump steady...
A customer hands over a pineapple to a vendor at a roadside shop decorated with plastic Vishu Konna flowers (scientific name: Cassia fistula) ahead of the Vishu festival in Kochi, India, on April 14, 2026. Nurphoto | Nurphoto | Getty Images India's consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March, even as the government kept prices at the pump steady to shield consumers from rising global oil prices. The headline inflation number was below economists' expectations for a 3.80% rise in the consumer price index, as per a Reuters poll. The latest inflation reading may matter less than its trajectory, Duvvuri Subbarao, former governor of the Reserve Bank of India, told CNBC's Inside India on Tuesday. "If inflation persists long enough, inflation expectations harden, and it can morph what is today a supply shock into a demand shock," he said. That would be of "particular concern to the RBI," Subbarao added. India, the world's fastest-growing major economy, is among the countries most vulnerable to the supply disruptions caused by the Iran war. The South Asian country imports nearly 85% of its fuel needs and relies on the Strait of Hormuz for about 50% of its crude imports, 60% of its liquefied natural gas, and almost all of its liquefied petroleum gas supplies. Last month, in its monetary policy statement, India's central bank governor Sanjay Malhotra warned that the intensity and duration of the conflict in the Middle East, and the damage it has caused to energy and other infrastructure, pose a "risk to the inflation and growth outlooks." The Reserve Bank of India also lowered India's real gross domestic product growth forecast for the April-June quarter to 6.8% from 6.9% and for the July-September quarter to 6.7% from 7.0%, citing the impact of the Iran war on the economy. It estimates headline inflation for the financial year ending in March 2027 to be around 4.6% . Pressure to raise prices While the government has refrai...
Zebra Technologies press release ( ZBRA ): Q1 Non-GAAP EPS of $4.75 beats by $0.50 . Revenue of $1.49B (+14.3% Y/Y) beats by $10M . Adjusted EBITDA increased year-over-year to $347 million. As of April 4, 2026, the company had cash and cash equivalents of $114 million and total debt of $2,660 million. For the first three months of 2026, net cash provided by operating activities was $176 million an...
Zebra Technologies press release ( ZBRA ): Q1 Non-GAAP EPS of $4.75 beats by $0.50 . Revenue of $1.49B (+14.3% Y/Y) beats by $10M . Adjusted EBITDA increased year-over-year to $347 million. As of April 4, 2026, the company had cash and cash equivalents of $114 million and total debt of $2,660 million. For the first three months of 2026, net cash provided by operating activities was $176 million and the Company invested $13 million in capital expenditures, resulting in free cash flow of $163 million. The Company also made share repurchases of $300 million. Outlook: Second Quarter 2026 The Company expects second quart er sales growth between 14% and 17% compared to the prior year vs. $1.47B consensus vs. estimated growth of 13.71% Y/Y . This expectation includes approximately 10.5 points of favorable net impact from business acquisitions and foreign currency. Adjusted EBITDA margin for the second quarter is expected to be slightly higher than 21%. Non-GAAP diluted earnings per share are expected to be in the range of $4.20 to $4.50 vs. $4.20 consensus . This assumes an adjusted effective tax rate of approximately 19%. Full Year 2026 The Company expects full year sales growth between 10% and 14% compared to the prior year vs. $5.99B consensus (prior between 9% and 13% compared to the prior year) vs. estimated growth of 11.10% Y/Y . This expectation includes approximately 7 points of favorable net impact from business acquisitions and foreign currency. Adjusted EBITDA margin for the full year is expected to be approximately 22%. Non-GAAP diluted earnings per share are expected to be in the range of $18.30 to $18.70 vs. $17.96consensus (prior $17.70 to $18.30) . Free Cash Flow for the full year is expected to be greater than $900 million. . This assumes an adjusted effective tax rate of approximately 19%. More on Zebra Technologies Zebra Technologies Bridges The Gap Between Human And Robot Zebra Technologies Corporation (ZBRA) Presents at Morgan Stanley Technology, Media...
As human rights advocate is treated in Tehran hospital after transfer from Zanjan prison, prize winners demand her freedom More than 110 Nobel laureates have called for the immediate and unconditional release of Narges Mohammadi, the imprisoned Iranian human rights activist and Nobel peace prize laureate, after she was transferred to hospital amid concerns over her rapidly deteriorating health. In...
As human rights advocate is treated in Tehran hospital after transfer from Zanjan prison, prize winners demand her freedom More than 110 Nobel laureates have called for the immediate and unconditional release of Narges Mohammadi, the imprisoned Iranian human rights activist and Nobel peace prize laureate, after she was transferred to hospital amid concerns over her rapidly deteriorating health. In a statement released on Tuesday, 112 Nobel laureates urged the Iranian authorities and the international community to act “without delay” to secure Mohammadi’s release and ensure her continued access to medical treatment. Continue reading...
WisdomTree Emerging Markets SmallCap Dividend Fund (NYSEARCA:DGS) holds small companies in Taiwan, South Africa, India, and Brazil screened and weighted by cash dividends paid. DGS distributes quarterly, with a trailing twelve-month payout of roughly $2.10 per share against a recent price near $66, yielding about 3.2%. The question: is that income durable, or does the ... Why emerging market small...
WisdomTree Emerging Markets SmallCap Dividend Fund (NYSEARCA:DGS) holds small companies in Taiwan, South Africa, India, and Brazil screened and weighted by cash dividends paid. DGS distributes quarterly, with a trailing twelve-month payout of roughly $2.10 per share against a recent price near $66, yielding about 3.2%. The question: is that income durable, or does the ... Why emerging market small caps pay wild quarterly dividends and still outperform
GameStop ( GME ) CEO Ryan Cohen was sent a letter by the board of eBay ( EBAY ) indicating that following a thorough review with the support of its financial and legal advisors, it has decided to reject GameStop's ( GME ) unsolicited, non-binding acquisition proposal. The eBay ( EBAY ) board concluded that the proposal is neither credible nor attractive. "We have taken into account such factors as...
GameStop ( GME ) CEO Ryan Cohen was sent a letter by the board of eBay ( EBAY ) indicating that following a thorough review with the support of its financial and legal advisors, it has decided to reject GameStop's ( GME ) unsolicited, non-binding acquisition proposal. The eBay ( EBAY ) board concluded that the proposal is neither credible nor attractive. "We have taken into account such factors as 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay's long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implications of these factors on valuation, and 6) GameStop's governance and executive incentives," read the letter. The board noted that it is confident that eBay ( EBAY ), under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders. Shares of eBay ( EBAY ) fell 1.1% in premarket trading, while GameStop ( GME ) shed 4.1%. eBay's ( EBAY ) market cap is more than 4X the market cap of GameStop ( GME ). Traders will now watch to see if Ryan Cohen attempts a hostile takeover of eBay ( EBAY ). More on eBay eBay: GameStop Bid Doesn't Add Up GameStop's 'Crazy Idea' To Buy EBay Isn't So Crazy, But It Is Risky eBay And GameStop: A Deal Made In Meme Heaven Key deals this week: Roche, Bayer, eBay, Bullish, and more SA Asks: Should eBay agree to GameStop's $56B merger deal?
Julia Gomina/iStock via Getty Images The federal gas tax has never been suspended since it was created during the Great Depression in 1932, but that may soon change. With prices at the pump soaring 50% since the Iran war began at the end of March, the White House is thinking of more ways to provide energy relief to consumers. It would be on top of several other measures announced recently, like wa...
Julia Gomina/iStock via Getty Images The federal gas tax has never been suspended since it was created during the Great Depression in 1932, but that may soon change. With prices at the pump soaring 50% since the Iran war began at the end of March, the White House is thinking of more ways to provide energy relief to consumers. It would be on top of several other measures announced recently, like waiving the Jones Act and loaning crude from the U.S. Strategic Petroleum Reserve . Snapshot: "Yeah, I'm going to reduce [the federal gas tax]," President Trump told reporters, saying it would be suspended "till it's appropriate." Any suspension would need to be approved by both chambers of Congress, where support is building for such a waiver. Several states have already added to the effort by implementing holidays of their own , like Indiana, Georgia, and Kentucky. On the federal side, the gas tax primarily funds road construction and repairs across the nation through the Highway Trust Fund . It charges 18.4 cents per gallon of gas, or 24.4 cents per gallon on diesel, with a suspension set to cost the federal government roughly $115M per day, or about $3.5B per month. While that can help consumers in the immediate term, there have been questions about what it will mean for the federal deficit and solvency in the long run. Outlook: Despite a span of decades, with some marked by high inflation, the federal gas tax has not increased since 1993. Even before the latest discussion, the Congressional Budget Office estimated that the Highway Trust Fund would run out of cash by 2028. Depending on how long the federal gas holiday is in effect, that date may move up to 2027 , requiring new sources of revenue like a Mileage-Based User Fee or new spending authority to keep the fund solvent. More on energy Phillips 66: Markets Underappreciate The Durability Of Refining Profitability Exxon Mobil Sees The Silver Lining In The Global Oil Disruption Chevron: Attractive Total Return Potential...