Earnings Call Insights: Northern Oil and Gas, Inc. (NOG) Q4 2025 Management View CEO Nicholas O'Grady highlighted that "while our equity total return was down in 2025, our adjusted EBITDA was actually up 1%, and this was with oil prices down some 14% on average." He emphasized a strategic pivot, noting a significant increase in natural gas spending and a decline in oil spending, resulting in record natural gas volumes and an organic footprint growth of over 12,000 acres. O'Grady addressed market speculation about the dividend, stating, "our dividend is built for an even significantly weaker environment than we face today, where we would ultimately be at a cash flow breakeven level during the trough of the cycle post dividend." He reaffirmed a commitment to sustaining and growing the dividend. O'Grady outlined that the company's ground game in 2026 will shift "from leasing, in some cases, to drill-ready projects," and that "drill-ready projects, something we saw as mostly unattractive in 2025, are slowly becoming a much better place to be." President Adam Dirlam reported that Q4 came in line with expectations, with 24.2 net wells added to production and record performance in Appalachia. He noted the successful closing of the Utica acquisition, increasing Appalachian footprint by 45% to approximately 90,000 net acres, and over 100 identified gross locations on the Antero asset alone. CFO Chad Allen stated, "our fourth quarter financial results and production cadence were down the fairway with no major disruptions. And despite the persistent macro headwinds faced by the industry, NOG's diversified and scaled platform continues to deliver, outperforming internal estimates on production and EBITDA for both the quarter and the year." Outlook Management provided a dual-scenario guidance for 2026, reflecting the lack of commodity price visibility. In the low activity scenario, there would be "some reduction in oil volumes, but a much more dramatic reduction in spending," wh...

Earnings Call Insights: Hagerty, Inc. (HGTY) Q4 2025 Management View McKeel Hagerty, Chairman & CEO, highlighted a year of "investing for the future while delivering in the present," emphasizing that revenue rose 17% and net income surged 91% for 2025, fueled by record new business count and efficiency gains. He noted, "Since going public 4 years ago, we have compounded revenue by 23% per year and increased net income by over $200 million, reflecting the strength and differentiation of the Hagerty business model." The company added a record 371,000 new members and achieved written premium gains of 14%, with market share growing to 7% of the 36 million vehicle target market. Hagerty announced a new fronting arrangement with Markel, allowing the company to retain 100% of the premium beginning January 1, 2026, and a new partnership with Liberty Mutual and Safeco. Marketplace and auction businesses expanded into Europe, making Hagerty the #2 global player in the segment. The CEO outlined 2026 priorities: implementing the new Markel arrangement, expanding State Farm Classic+ conversions, growing Enthusiast Plus, accelerating B2B distribution, enhancing claims expertise, refining the Hagerty Drivers Club, and continuing digital transformation. Patrick McClymont, CFO, stated, "In the fourth quarter, total revenue increased 19% to $357 million... Written premiums grew 19% due to robust new business count helped by ramping State Farm conversions and our 89% retention. Commission and fee revenue jumped 18% to $106 million." McClymont described the new financial reporting structure, splitting results into Insurance and Marketplace segments, and highlighted the $21 million reserve reduction and favorable loss trends. Outlook McClymont projected, "We expect written premium growth of 15% to 16%, an acceleration from this past year's 14%." Due to the new Markel fronting arrangement, 2026 revenue is expected between $1.28 billion and $1.3 billion, below 2025 levels because of accou...

Earnings Call Insights: Viatris Inc. (VTRS) Q4 2025 Management View CEO Scott Smith stated that "2025 was a strong year for Viatris" and highlighted that the company is positioned to "enter a period of long-term sustainable growth beginning in 2026." He emphasized solid results with $14.3 billion in total revenues and adjusted EBITDA of $4.2 billion. Smith also cited the advancement of the pipeline, including five positive Phase III readouts and significant progress on cenerimod and selatogrel, both expected to complete enrollment in 2026. Viatris returned more than $1 billion to shareholders through dividends and share repurchases and completed 60 regional transactions, including the acquisition of Aculys Pharma in Japan. Smith introduced three new strategic imperatives: driving the base business through launches and portfolio evolution, fueling the innovative portfolio with late-stage assets, and modernizing for sustainable growth. "We are expecting to deliver approximately $650 million in gross cost savings over a 3-year period," and plan to reinvest up to $250 million to support growth initiatives. Smith indicated the company is prepared for FDA reinspection of the Indore facility and has built operational redundancies. Chief R&D Officer Philippe Martin shared that Viatris achieved "5 positive Phase III readouts, advanced trial enrollment and delivered numerous regulatory milestones." He outlined 2026 R&D priorities, which include securing eight regulatory approvals for six product candidates and advancing six Phase III programs. Notable regulatory submissions and anticipated approvals for products such as Effexor, pitolisant, fast-acting meloxicam, and the low-dose estrogen patch were discussed, along with robust progress in late-stage clinical programs. CFO Theodora Mistras stated, "Our fourth quarter and full year results reflects disciplined execution across our diversified global business and importantly, strong momentum as we exited the year." She reported...

Earnings Call Insights: National Storage Affiliates Trust (NSA) Q4 2025 Management View President and CEO Dave Cramer stated the fourth quarter marked a positive inflection in portfolio performance, noting "all but 1 of our 21 reported MSAs saw improvement in same-store revenue growth versus what we reported in Q3." Cramer highlighted sequential occupancy improvements and reported year-end occupancy down 70 basis points year-over-year, compared to a 140 basis point decline at the end of Q3. He emphasized that "core FFO per share results came in at the top end of our guidance range, beating consensus." Key achievements included consolidating another brand, reducing brands to six, launching a preferred equity investments platform, exiting 15 properties for $97 million, and acquiring 10 properties for $75 million. Cramer added, "we exited the year on solid footing with positive momentum that has carried into 2026 as January end-of-month occupancy was up 20 basis points year-over-year." Cramer outlined ongoing strategic priorities: "We will continue to focus on driving internal growth with increased marketing spend, competitive position in terms of rate and promotion, solid execution from the sales process and remaining assertive with our ECRI strategies." Executive VP, CFO & Treasurer Brandon Togashi reported, "core FFO per share of $0.57 for the fourth quarter and $2.23 for the full year, at the high end of our guidance range." Togashi also stated, "expenses declined 80 basis points in the fourth quarter while growing 3.1% for the year, slightly below the low end of our full year guidance range, benefiting from our meaningful expense control efforts." Outlook Togashi introduced 2026 guidance, stating, "The midpoints of key items of our guidance are as follows: Same-store revenue growth of 90 basis points, same-store operating expense growth of 3%, flat same-store NOI growth and core FFO per share of $2.19." Acquisition and disposition ranges were set at $50 million to...

Earnings Call Insights: United Parks & Resorts Inc. (PRKS) Q4 2025 Management View Marc Swanson, Chief Executive Officer, stated that fiscal 2025 results "did not meet our expectations" due to an uneven consumer environment, negative international tourism trends, and volatile weather. Swanson emphasized decisive action on cost management: "We have moved decisively to address our less than optimal cost management and have updated and focused our plans and investments for 2026 designed to drive attendance and guest spending across our parks." The CEO highlighted a robust lineup of new rides, shows, attractions, and an expanded events calendar for 2026, alongside a revamped marketing strategy and upgraded food and retail locations. Swanson noted, "Combined with disciplined operational execution and an additional heightened focus on cost management and efficiency, we are confident these initiatives position us to deliver strong performance in 2026." Swanson reported that 6.7 million shares were repurchased through February 24, 2026, representing approximately 12% of shares outstanding and underscoring strong cash flow and commitment to shareholder returns. Swanson outlined strategic initiatives including real estate monetization, a $15 million and growing sponsorship pipeline for 2026, and ongoing discussions on hotels and international partnerships. CFO James Forrester stated, "During the fourth quarter, we generated total revenue of $373.5 million, a decrease of $10.8 million or 2.8% when compared to the fourth quarter of 2024... Attendance for the fourth quarter of 2025 decreased by approximately 126,000 guests or 2.6% when compared to the prior year quarter." Outlook Management indicated a focus on driving attendance and guest spending with a new attraction and event lineup. Swanson reported, "Discovery Cove advanced booking revenue is up high single digits and company-wide group booking revenue is pacing up over 50%." The sponsorship business is viewed as a $30 mil...

Earnings Call Insights: Acushnet Holdings Corp. (GOLF) Q4 2025 Management View CEO David Maher highlighted that "revenues were up 7% for the period, and we generated nice momentum in our operating segments." He noted net sales of $2.56 billion and adjusted EBITDA of $410 million for 2025, with the Titleist Golf Equipment segment growing 6% for the year. Maher pointed to capacity expansions, new Pro V1 gains, and strong growth in Titleist Golf Clubs. "Ongoing investments in product development and our global club fitting network frame how we characterize the Titleist Golf Club opportunity." Maher announced an 8.5% increase to the quarterly dividend payout in 2026 to $0.255 per share, marking the ninth consecutive annual dividend increase. He stated, "These actions reflect the Board's confidence in Acushnet's ability to execute and their positive outlook towards the company's leading positions within the structurally healthy golf industry." Regarding 2026, Maher said, "As is customary in even numbered years, we successfully launched a comprehensive lineup of new Titleist golf balls in this first quarter," including Pro V1x Left Dash and new AVX, TourSoft and Velocity models. The company is also accelerating its new driver launch to late June, earlier than the usual Q3 timing. CFO Sean Sullivan stated, "Fourth quarter net sales were up 7% when compared to the fourth quarter of 2024, primarily driven by higher net sales in Titleist Golf Equipment." He added, "Adjusted EBITDA was $9.8 million, lower than last year's fourth quarter of $12.4 million." Outlook Full year 2026 net sales are projected to be between $2.625 billion and $2.675 billion on a reported basis. On a constant currency basis, consolidated net sales are expected to be up between 2.5% and 4.5% compared to 2025, with growth across all segments, domestically and internationally. Full year 2026 adjusted EBITDA is expected to be between $415 million and $435 million, with an adjusted EBITDA margin at the midpo...

Earnings Call Insights: TriMas Corporation (TRS) Q4 2025 Management View Thomas Snyder, President and CEO, described 2025 as "a truly transitional year for TriMas," emphasizing a sharpened strategic focus, a strengthened leadership team, and foundational changes aimed at delivering stronger and more consistent performance. Snyder formally introduced Paul Swart as the new CFO, highlighting Swart's "more than 25 years of financial and operational leadership experience" and his role in leading transformation efforts within the company. Snyder explained that TriMas completed approximately 100 customer interviews across 10 countries as part of a voice of the customer initiative, resulting in changes to organizational and customer engagement strategies. He announced the launch of a global operational excellence program rooted in Lean Six Sigma principles, initially rolled out at two packaging locations, with further expansion planned in 2026. The company is on track to complete the $1.45 billion divestiture of TriMas Aerospace in mid- to late March, with expected net after-tax proceeds of approximately $1.2 billion. Snyder stated, "Following the close, TriMas will operate with 2 reporting segments: our Packaging segment and our Specialty Products segment." Snyder outlined capital deployment priorities: "reinvesting in the business, pursuing selective acquisitions, particularly in the Packaging and Life Science space and returning capital to shareholders as appropriate." He noted the establishment of a strategic investment committee and disclosed that TriMas repurchased more than 3 million shares for approximately $100 million, with share repurchase authorization increased to $150 million. The company implemented a company-wide realignment to streamline operations, expecting "over $10 million of cost reductions in 2026 and more than $15 million on an annualized basis." Paul Swart, CFO, reported, "TriMas total company net sales were $256 million, 12.5% higher than the prior...

Earnings Call Insights: GigaCloud Technology Inc. (GCT) Q4 2025 Management View CEO Lei Wu opened by stating that 2025 was a “defining chapter for us, record revenue, record EPS and a level of performance that underscore not only the strength of our model, but also our resilience and adaptability when facing challenges.” Wu emphasized the expansion of geographic reach, scaling of the marketplace, and the role of targeted acquisitions such as Noble House, which was turned from bankruptcy to “a profitable and growing portfolio” in under two years. He highlighted the recent acquisition of New Classic home furnishing, stating, “this move positions us to serve every corner of our industry with even greater depth and capability.” President Iman Schrock reported that marketplace GMV increased approximately 18%, reaching nearly $1.6 billion. The 3P seller base expanded 17% to 1,299, and GMV from this cohort grew by 23% to $851 million. The company added nearly 2,800 new buyers in 2025, bringing the total buyer base to 12,089. Schrock described Europe as a key growth vector, delivering 68% revenue growth from 2024 to 2025, and outlined ongoing integration of Noble House and New Classic, with the latter expected to “broaden our product offerings and strategically deepen our foothold in brick-and-mortar distribution.” CFO Erica Wei stated, “Fourth quarter revenue was $363 million, up 23% against prior year quarter and full year revenue rose 11% to $1.3 billion.” Wei highlighted quarterly diluted EPS growth of 37% to $1.04 per share, and detailed service revenue of $129 million for Q4, up 21% year-over-year, with service margin at 6%. Product revenue for Q4 was $234 million, up 24% year-over-year, including $121 million in U.S. product revenue and $98 million in Europe, with product margins at 32.1%. Outlook Wei provided first quarter 2026 outlook: “Revenue is expected to be between $330 million and $355 million.” She clarified that Q1 guidance includes contributions from New C...

Earnings Call Insights: PENN Entertainment (PENN) Q4 2025 Management View Jay Snowden, President, CEO & Director, stated that "PENN's diversified retail portfolio delivered another solid quarter during which retail adjusted EBITDA grew year-over-year after adjusting for poor weather in December." He highlighted the successful rebranding of the U.S. online sportsbook to theScore Bet and achieving positive adjusted EBITDA in December for the Interactive segment. Snowden announced, "2026 is an exciting year for us in which we expect to generate year-over-year segment adjusted EBITDAR growth of 20%." He emphasized strategic investments, a focus on free cash flow generation, deleveraging, and returning capital to shareholders. Snowden detailed operational improvements including a new organizational structure aimed at becoming "a leaner and flatter organization," with expected annualized run rate expense savings of over $10 million, most of which will phase in over the first half of the year. Maintenance CapEx levels have been reduced by $20 million, returning to near pre-COVID spending. Snowden reported that M Resort achieved record gaming volumes in December and record net revenue in January, while Hollywood Casino Joliet saw a nearly 130% year-over-year increase in active players. He reiterated confidence in development projects, anticipating "15% plus cash-on-cash returns." Felicia Kantor Hendrix, Executive VP & CFO, reported, "Our Retail segment generated revenues of $1.4 billion, adjusted EBITDAR of $456.4 million and segment adjusted EBITDAR margins of 32.3%." She noted December weather negatively impacted retail adjusted EBITDAR by $7 million. Hendrix forecasted 2026 retail net revenues of $5.7 billion to $5.85 billion and retail adjusted EBITDAR of $1.86 billion to $1.98 billion. For the Interactive segment, she reported Q4 revenues of $398.7 million (including $182.7 million tax gross-up) and an adjusted EBITDA loss of $39.9 million. Hendrix stressed, "We antici...

Earnings Call Insights: VSE Corporation (VSEC) Q4 2025 Management View John Cuomo, CEO, President & Director, announced that 2025 was "an exceptional and transformational year for VSE." The company completed its multiyear transition to a pure-play aviation aftermarket company, surpassed $1 billion in annual revenue for the first time, and strengthened its balance sheet. Cuomo detailed the acquisition of Precision Aviation Group (PAG), stating, "On January 29, we entered into a definitive agreement to acquire PAG, a leading provider of MRO and supply chain solutions across commercial, business and general aviation, rotorcraft and defense markets." He emphasized that the acquisition is "a highly strategic transaction that meaningfully expands our scale and strengthens our engine and component service capabilities." The transaction includes $1.75 billion in cash and approximately $275 million of equity, with up to $125 million in contingent earn-out consideration. Phase 1 cost and in-sourcing synergies from the deal are expected to exceed $15 million annually, providing a path to adjusted EBITDA margins above 20% in the coming years. Cuomo also highlighted two significant organic growth awards: an asset purchase agreement to exclusively manufacture, distribute, and repair fuel pumps for the Pratt & Whitney Canada PT6 engine series, and a globally exclusive life-of-program APU components distribution agreement covering more than 2,500 aftermarket parts. The APU program requires an initial inventory investment of approximately $45 million, expected to impact free cash flow in Q1 and full year 2026. Adam Cohn, Chief Financial Officer, stated, "For the fourth quarter of 2025, we generated $301 million of revenue or an increase of 32%. Consolidated adjusted EBITDA increased 55% to $52 million compared to the fourth quarter of 2024." He also noted, "Adjusted net income was $26 million and adjusted diluted earnings per share was $1.16." Outlook The company projects full-year ...

Earnings Call Insights: GeoPark Limited (GPRK) Q4 2025 Management View CEO Felipe Bayon Pardo stated that "2025 marked a turning point for GeoPark, defined by strategic clarity, operational discipline, and a decisive portfolio reset well underway." He highlighted that production averaged 28,233 barrels of oil equivalent per day for the full year, above the upper end of guidance, and emphasized the company's ability to deliver or exceed full-year guidance across all key metrics despite a materially lower oil price environment. Bayon reported that Argentina began contributing production ahead of plan and assets were integrated safely, with the Vaca Muerta acquisition already producing and development underway. He described the acquisition of Frontera Energy's Colombian upstream assets as a "transformative deal that consolidates our position as the leading private operator in Colombia and strengthens our platform for disciplined long-term growth." He outlined a pro forma production target: "this acquisition can take production to exceed 90,000 barrels of oil equivalent per day by 2028 and adjusted EBITDA of approximately USD 950 million, doubling our previously communicated stand-alone outlook." CFO Jaime Caballero Uribe stated, "Fourth quarter adjusted EBITDA was USD 46 million, reflecting lower realized prices and the impact of specific nonrecurring items, including deferred sales volumes, logistics-related adjustments and start-up costs in Vaca Muerta. These are timing-related effects, some of which will be reversed in our first quarter 2026 results." Chief Operating Officer Rodolfo Terrado noted, "We also achieved $32 million in structural cash savings, setting a lower cost base expected to generate a run rate of some $45 million in annualized savings in 2026 and beyond." Outlook Bayon stated, "By year 2028, we're targeting 44,000 to 46,000 barrels of oil equivalent per day and an adjusted EBITDA of $490 million to $520 million with additional upside as the Fronter...

Earnings Call Insights: BlackSky Technology Inc. (BKSY) Q4 2025 Management View CEO Brian O’Toole highlighted a “strong finish to 2025 with a near-record performance in Q4,” attributing momentum to the deployment and demonstration of Gen-3 satellites. O’Toole stated Gen-3 satellites are “delivering proven on-orbit 35-centimeter imaging performance that is exceeding customer expectations.” The company launched and commissioned 3 Gen-3 satellites in 2025, with the most recent delivering “very high-resolution imagery within 12 hours of launch and entered commercial operations in just 3 weeks.” O’Toole reported “$240 million in contract bookings with the majority comprised of international multiyear contracts” and a backlog of $345 million. O’Toole emphasized a “significant step-up in revenue contribution from international contracts” and achievement of “our second consecutive year of positive adjusted EBITDA.” Liquidity was strengthened to “over $225 million.” CFO Henry Dubois stated, “Total revenue for the fourth quarter of 2025 was $35.2 million, up 16% year-over-year.” Dubois also reported, “We ended the fourth quarter of 2025 with $125.6 million of cash, restricted cash and short-term investments.” Outlook O’Toole announced, “We expect full year 2026 revenue to be between $120 million and $145 million, representing a 24% growth over 2025 at the midpoint of this range.” The outlook is supported by “strong backlog visibility,” ongoing Gen-3 satellite deployments, and a “growing pipeline of sales opportunities.” Dubois added, “We expect full year 2026 adjusted EBITDA to be between $6 million and $18 million.” Capital expenditures for 2026 are projected at “between $50 million and $60 million.” The company anticipates stronger revenue performance in the second half of the year, consistent with historical trends. Financial Results Fourth quarter 2025 revenue was reported at $35.2 million, marking a 16% year-over-year increase. Full-year revenue reached $106.6 million. C...

Earnings Call Insights: Trulieve Cannabis Corp. (TCNNF) Q4 2025 Management View CEO Kimberly Rivers highlighted, "We are thrilled to report outstanding financial results and meaningful progress on our strategic priorities. Congratulations to the entire team for delivering another year of stellar performance, highlighted by record units sold, industry-leading margins and robust cash generation." Rivers noted that the company won a conditional license in Texas, repositioned its debt, and reduced annual interest expense. She also attended the signing of an executive order to reschedule cannabis to Schedule III, signaling federal reform momentum. Rivers stated full year revenue was $1.2 billion, with traffic and units sold up 5% each. Fourth quarter revenue reached $293 million, up 2% sequentially. Gross margin for the year and quarter was 60%. Adjusted EBITDA for the year was $427 million, representing a 36% margin, and full year operating cash flow was $273 million, exceeding the $250 million target. Rivers described four strategic priorities for 2026: expanding access to cannabis, growing the customer base, elevating the branded product portfolio, and investing in growth initiatives. She emphasized the importance of federal rescheduling, which "removes the punitive tax burden of 280E, lifting pressure on state legal operators and allowing conversion from the illicit market to regulated channels." Rivers detailed state-level expansion efforts, including support for Florida’s adult-use ballot initiative, optimism for Pennsylvania adult-use legislation, and the award of a conditional license in Texas. Rivers said, "Pending regulatory approval, we plan to quickly launch production and retail operations" in Texas. Rivers discussed digital and loyalty initiatives, including the launch of a mobile app in Florida, downloaded over 115,000 times in 90 days. The rewards program grew to 915,000 members, accounting for 78% of Q4 transactions. "Fourth quarter retention improved se...

Earnings Call Insights: Maravai LifeSciences Holdings, Inc. (MRVI) Q4 2025 Management View CEO Bernd Brust outlined that the company delivered full year revenue of $185.7 million, stating, "we reported full year revenue of $185.7 million, exceeding guidance by about $700,000." For Q4, total revenue reached $49.9 million, with revenue growing 18% year-over-year excluding the $14.3 million prior-year comparison from high-volume CleanCap sales. Brust emphasized, "we demonstrated the leverage of our new operating model by delivering positive adjusted EBITDA of just over $500,000 in Q4," marking the company's first return to positive adjusted EBITDA in four quarters and an $11 million sequential improvement from Q3. Brust shared, "we have materially increased our direct engagement with customers at TriLink positioning CleanCap as the product of choice and as part of a broader portfolio that includes our enzymes, oligos and our newly released ModTail products." He highlighted the upcoming GMP enzymes launch with over $1.2 million in orders for 2026 already in hand, and noted strong early adoption of ModTail, which generated over $0.5 million in 2025 and has already surpassed that in 2026 bookings. The CEO stated, "we have reduced fixed costs, centralized operations and made the business far less sensitive to volume fluctuations." He also pointed to automation, a new EU site, and expanded mass spec infrastructure at Cygnus as structural improvements. Brust added, "we believe the company is now positioned to return to full year revenue growth, deliver positive adjusted EBITDA and positive cash flow in 2026." CFO Rajesh Asarpota said, "Revenue for the quarter was $49.9 million compared to $56.6 million in Q4 2024...excluding $14.3 million of high-volume COVID GMP CleanCap sales in the prior year quarter revenue increased 18% year-over-year." He highlighted, "Adjusted EBITDA, a non-GAAP measure, was positive $536,000 for Q4 above our expectations, driven by efficiency of init...

Earnings Call Insights: International Seaways (INSW) Q4 2025 Management View CEO Lois Zabrocky reported net income for the fourth quarter of $128 million, or $2.56 per diluted share, with adjusted net income at $122 million, or $2.45 per diluted share, and adjusted EBITDA of $175 million. She announced "the declaration of our largest ever quarterly dividend, which is a combined $2.15 per share to be paid in March," with a payout ratio of 87% of adjusted net income, marking the sixth consecutive quarter with a payout ratio of at least 75%. Zabrocky highlighted the company’s ongoing $50 million share repurchase program, noting it remains in place until the end of 2026. Zabrocky detailed consolidation of Tankers International via acquisition of the remaining 50% interest and expansion with a Suezmax platform, alongside the delivery of Seaways Gibbs Hill and the sale of 10 older vessels for proceeds of $131 million. An additional 7 vessels were sold in early 2026 for $216 million. The LR1 newbuild program remains fully financed, with only $30 million in cash required for delivery. Zabrocky stated total liquidity of $724 million, including nearly $170 million in cash and $560 million in undrawn revolver capacity. She emphasized a net loan-to-value below 13% and a spot cash breakeven rate under $15,000 per day. CFO Jeffrey Pribor stated, "net income for the fourth quarter was approximately $128 million or $2.56 per diluted share. Excluding special items, our net income was $122 million or $2.45 per diluted share...adjusted EBITDA for the fourth quarter was $175 million." Pribor added that TCE revenues from crude outperformed products in Q4 and vessel expenses were higher than guidance due to timing of stores and spares. He described a net decrease in cash of $261 million for the quarter, ending with $167 million in cash and $557 million in undrawn revolvers. Outlook Pribor reported, "we currently have a blended average spot TCE of about $50,900 per day on 71% of our first...

格隆汇2月27日｜美股三大指数收盘涨跌不一，纳指跌1.18%，标普500指数跌0.54%，道指涨0.03%。大型科技股多数下跌，英伟达跌超5%，创去年4月16日以来最大单日跌幅；英特尔跌逾3%，特斯拉跌超2%，谷歌、亚马逊跌超1%，苹果小幅下跌；奈飞涨超2%，微软、Meta小幅上涨。美股量子计算板块普涨，IonQ Inc涨超21%，Rigetti Computing涨超5%，Arqit Quantum涨超3%，SEALSQ Corp、D-Wave Quantum涨超2%。 纳斯达克中国金龙指数收跌1.78%，热门中概股里，百度收跌5.6%，比亚迪跌4.2%，美团跌3.2%，理想跌3%，阿里巴巴跌2.8%，小米、小鹏、文远知行、蔚来跌超2%，小马智行涨4.7%。

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Image: WindowsLatest Lenovo's next gaming laptop could be a shapeshifting foldable called the Legion Go Fold, which can be used as a laptop or a handheld gaming PC with two different display sizes, as WindowsLatest reports. Leaked images of the device show it attached to both a keyboard and controllers, with a hinge in the middle of the POLED display, allowing it to unfold from 7.7 inches to 11.6 inches. Users can attach the controllers with the display folded or unfolded, use the display in a vertical split screen mode, or attach it to the keyboard for laptop mode, for a total of four different form factors rolled into one device. Even the controllers are con … Read the full story at The Verge.

FTAI Infrastructure press release ( FIP ): Q4 GAAP EPS of -$1.06 misses by $0.63 . Revenue of $143.5M (+77.7% Y/Y) misses by $25.66M . More on FTAI Infrastructure Seeking Alpha’s Quant Rating on FTAI Infrastructure Historical earnings data for FTAI Infrastructure Dividend scorecard for FTAI Infrastructure Financial information for FTAI Infrastructure

For 67 minutes, Nottingham Forest were at risk of making unwanted ­history. At that point Fenerbahce were 2-0 up and full of belief that they could achieve the miracle their head coach Domenico Tedesco had been manifesting since their 3-0 first-leg defeat in Istanbul . Only one team in the history of European competition had lost the first leg of a tie by a three-goal margin at home and advanced. Up in the City Ground directors’ box, Evangelos Marinakis, more than an interested party on that occasion, presumably had flashbacks of Olympiakos suffering a 4-1 home defeat by Maccabi Tel Aviv in the Conference League two years ago, only to triumph 6-1 in Serbia in the second leg. Continue reading...