ProPetro ( PUMP ) priced a private offering of $600M aggregate principal amount of 0.00% convertible senior notes due 2031 to qualified institutional buyers. The offering, was initially announced at $500M. It includes an option for initial purchasers to buy up to $90 million more within 13 days of issuance, with closing expected on May 7, 2026. The notes are senior unsecured obligations that accru...
ProPetro ( PUMP ) priced a private offering of $600M aggregate principal amount of 0.00% convertible senior notes due 2031 to qualified institutional buyers. The offering, was initially announced at $500M. It includes an option for initial purchasers to buy up to $90 million more within 13 days of issuance, with closing expected on May 7, 2026. The notes are senior unsecured obligations that accrue no regular interest and mature on November 15, 2031. Conversion is possible under specific conditions until August 15, 2031, and then anytime until two trading days before maturity, at an initial rate of 43.1616 shares per $1,000 principal. Net proceeds are estimated at $581.3M, and will be used for capped call transactions to reduce dilution, with the rest for general purposes like power equipment investments. The stock price dropped 2.7% on Monday during after-hours of trading. More on ProPetro ProPetro Holding Corp. (PUMP) Q1 2026 Earnings Call Transcript ProPetro Holding Corp. 2026 Q1 - Results - Earnings Call Presentation ProPetro: A Re-Rating Gone Too Far, Too Fast ProPetro outlines $540M-$610M 2026 capex as PROPWR targets 2.6 GW delivered by year-end 2031 ProPetro GAAP EPS of -$0.03 beats by $0.08, revenue of $271M misses by $5.55M
Katharina13 The Reserve Bank of Australia (RBA) lifted the official cash rate by 25 basis points to 4.35% at its April 2026 meeting, marking a consecutive monthly increase following its March move. This marks the third straight hike this year, and an 8-1 vote aligned with market forecasts as officials fight rising inflation caused by higher commodity prices and conflict in the Middle East. The upd...
Katharina13 The Reserve Bank of Australia (RBA) lifted the official cash rate by 25 basis points to 4.35% at its April 2026 meeting, marking a consecutive monthly increase following its March move. This marks the third straight hike this year, and an 8-1 vote aligned with market forecasts as officials fight rising inflation caused by higher commodity prices and conflict in the Middle East. The updated forecasts predict inflation will peak higher than expected but will ease as demand and capacity pressures lessen. The outlook remains uncertain, especially with ongoing geopolitical tensions potentially raising energy prices and overall inflation. The board believes inflation will stay above target, justifying the rate increase, and emphasizes a data-dependent approach in its decisions. The S&P/ASX 200 Index dipped 62 points, or 0.7%, to 8,635 in early deals on Tuesday, extending losses from the prior session . The Australian dollar held its recent decline to below $0.72 on Tuesday. More on Australia: EWA: Australian Financials May Struggle With A Flattening Yield Curve Australia, Japan deepen energy and minerals ties amid global supply risks Australia Economic Data: PPI cools to 0.4% in Q1; Manufacturing PMI beats at 51.3 Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF Dividend scorecard for iShares MSCI Australia ETF
Philippine annual inflation accelerated to a three-year high in April, as a surge in fuel prices triggered by the Middle East conflict raises the chance of more policy tightening. Consumer prices rose 7.2 per cent last month, the statistics agency said on Tuesday, the highest since March 2023. That was above the 5.5 per cent median forecast in a poll of economists. The April print also breached...
Philippine annual inflation accelerated to a three-year high in April, as a surge in fuel prices triggered by the Middle East conflict raises the chance of more policy tightening. Consumer prices rose 7.2 per cent last month, the statistics agency said on Tuesday, the highest since March 2023. That was above the 5.5 per cent median forecast in a poll of economists. The April print also breached the central bank’s forecast range of 5.6 to 6.4 per cent for the month. Emilio Neri, lead economist...
(RTTNews) - ANZ New Zealand (ANZ.AX, AN3PG.AX) announced that the High Court of New Zealand awarded summary judgement against the company in relation to the New Zealand Credit Contracts and Consumer Finance Act 2003 class action proceedings served on the company in September 2021
(RTTNews) - ANZ New Zealand (ANZ.AX, AN3PG.AX) announced that the High Court of New Zealand awarded summary judgement against the company in relation to the New Zealand Credit Contracts and Consumer Finance Act 2003 class action proceedings served on the company in September 2021
Apple’s Q2 earnings report gave Wall Street a lot to like. Bank of America analysts were all praise for the Cupertino giant’s performance, giving them enough confidence to raise their price target to $330 (18% higher than current prices), while keeping a buy rating. Q2 was another massive ...
Apple’s Q2 earnings report gave Wall Street a lot to like. Bank of America analysts were all praise for the Cupertino giant’s performance, giving them enough confidence to raise their price target to $330 (18% higher than current prices), while keeping a buy rating. Q2 was another massive ...
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key ...
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday.
Fresenius Medical Care AG posted lower-than-expected quarterly profit as persistently weak treatment growth in the US weighed on the German dialysis company. First-quarter net income rose to €251 million ($293 million) on an adjusted basis, the company said Tuesday , below the average analyst estimate of €256 million. Revenue also missed expectations. Since the Covid-19 pandemic, Fresenius Medical...
Fresenius Medical Care AG posted lower-than-expected quarterly profit as persistently weak treatment growth in the US weighed on the German dialysis company. First-quarter net income rose to €251 million ($293 million) on an adjusted basis, the company said Tuesday , below the average analyst estimate of €256 million. Revenue also missed expectations. Since the Covid-19 pandemic, Fresenius Medical has been grappling with elevated mortality among its vulnerable US patient population, which has weighed on earnings. Chief Executive Officer Helen Giza , who took over at the end of 2022, has responded with divestments and a cost-cutting program targeting €1.2 billion in savings by the end of next year. In the first quarter, the program has delivered €50 million in savings, partly by exiting 64 clinics in the US. While savings have propped up performance, the company continues to face pressure in its key US business. Same-market treatment growth in the US, a metric closely watched by analysts, declined 0.4% in the first quarter. The company is hoping for an improvement in the treatment segment with the US roll-out of its 5008X dialysis machine, which is already widely used in Europe. Quarterly revenue was weighed down by currency effects, while earnings were supported by cost savings and favorable pricing in the Care Delivery unit. The Care Enablement division, which supplies dialysis machines and technical services, continued to face pressure in China. Fresenius Medical confirmed its guidance for this year of broadly flat revenue growth and operating income remaining on a consistent level.
(RTTNews) - Dexus (DXS.AX), an Australasian real asset group, reported Tuesday that its office occupancy by income in the March quarter increased sequentially, and was well above the market average. Meanwhile, industrial occupancy declined from the preceding quarter.
(RTTNews) - Dexus (DXS.AX), an Australasian real asset group, reported Tuesday that its office occupancy by income in the March quarter increased sequentially, and was well above the market average. Meanwhile, industrial occupancy declined from the preceding quarter.
Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’ Workers developing Google ’s artificial intelligence products in the UK have voted to unionize, in part out of concerns about a deal between the company and the US military that was announced last week. In a letter slated to go to management on Tuesday and shared exclusi...
Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’ Workers developing Google ’s artificial intelligence products in the UK have voted to unionize, in part out of concerns about a deal between the company and the US military that was announced last week. In a letter slated to go to management on Tuesday and shared exclusively with the Guardian, workers at Google DeepMind , the company’s AI research laboratory, requested recognition of the Communication Workers Union and Unite the Union as joint representatives of the lab’s UK-based staff. Continue reading...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the print, the question was mainly around the scale of the required capex, margin pressure resulting from this, and the risk of overbuilding capacity. Although Microsoft did better than expected on most metrics in Q3 FY26, guidance on quarterly revenue and operating margin fell short of Wall Street expectations. What’s more, the forecast for 2026 capital expenditures was well ahead of consensus. To me, this framing misses the point. What we are seeing is not a deterioration in fundamentals but a temporary mismatch between costs and revenues. Microsoft is investing aggressively in AI infrastructure today, while the monetization curve is still developing. I therefore continue to view the current debate as one of timing rather than value, and, in my view, that creates an opportunity at current levels. What Actually Mattered Koyfin Although Q3 capex was down sequentially, it remains extremely elevated at approx. 37% of revenues, up ~61% YoY. Importantly, around 20% of this capex increase is due to higher component costs, while the remaining part is from actual capacity expansion. In addition, approx. 2/3 is spent on short-lived AI assets (e.g., GPUs/CPUs) and 1/3 on long-lived infrastructure. This split matters because it implies a potential faster depreciation and more immediate impact on margins. I agree that these are massive spendings, but I also think that it is important to put this into perspective. Microsoft continues to operate under capacity constraints, as management mentioned during the Q3 call. This means Microsoft could sell more AI and cloud services today if it had ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the ...
Getty Images Capex is rising sharply, but demand remains constrained, and the valuation tells a different story. I last covered Microsoft Corporation ( MSFT ) with the argument that the market is too focused on near-term margin pressure and not enough on the long-term demand for compute, data, and enterprise software. After the Q3 earnings release, this debate has only intensified. Going into the print, the question was mainly around the scale of the required capex, margin pressure resulting from this, and the risk of overbuilding capacity. Although Microsoft did better than expected on most metrics in Q3 FY26, guidance on quarterly revenue and operating margin fell short of Wall Street expectations. What’s more, the forecast for 2026 capital expenditures was well ahead of consensus. To me, this framing misses the point. What we are seeing is not a deterioration in fundamentals but a temporary mismatch between costs and revenues. Microsoft is investing aggressively in AI infrastructure today, while the monetization curve is still developing. I therefore continue to view the current debate as one of timing rather than value, and, in my view, that creates an opportunity at current levels. What Actually Mattered Koyfin Although Q3 capex was down sequentially, it remains extremely elevated at approx. 37% of revenues, up ~61% YoY. Importantly, around 20% of this capex increase is due to higher component costs, while the remaining part is from actual capacity expansion. In addition, approx. 2/3 is spent on short-lived AI assets (e.g., GPUs/CPUs) and 1/3 on long-lived infrastructure. This split matters because it implies a potential faster depreciation and more immediate impact on margins. I agree that these are massive spendings, but I also think that it is important to put this into perspective. Microsoft continues to operate under capacity constraints, as management mentioned during the Q3 call. This means Microsoft could sell more AI and cloud services today if it had ...