Industries — page 4
Enbridge halts Sandpiper Project amid regulatory hurdles in 2024 review
The pipeline operator maintained a 10% after-tax return on equity for its Southern Lights assets while streamlining affiliate service costs.
American Electric Power streamlines Texas generation as capex rises
The holding company completed its exit from the Texas generation business while expanding capital liabilities across its Ohio and Texas subsidiaries.
WaFd Holds Margin as Credit Provision Climbs
Net interest income rose 2% QoQ to $181.3 million as funding costs eased.
Travelers Profit Climbs as Catastrophe Losses Decline
The insurer’s combined ratio improved 6.7 points to 83.6%.
Regions Financial Loan Growth Accelerates as Deposit Costs Keep Falling
Regions Financial (RF) grew net interest income 2.3% to $1,277 million in the second quarter as average loans posted their fastest sequential growth in five quarters, even as net interest margin slipped 1 basis point to 3.66%.
Netflix Beats Margin Forecast as Revenue Growth Slows
Operating margin reached 33.4%, topping Netflix’s forecast by 0.8 percentage point.
Kimbell Adds Multi-Basin Scale With $215 Million Drop-Down
The acquired assets are expected to produce 2,347 barrels of oil equivalent a day in the third quarter.
Intuitive Surgical Lifts Margin Outlook as Procedure Growth Slows
The company raised its 2026 adjusted gross-margin forecast to 68.0%-69.0%.
Howard Hughes Names Insurance Chiefs as MPC Growth Slows
Howard Hughes Holdings reported Q1 2026 net income of $8.2 million, down from $10.5 million a year earlier, as it installed new leadership atop its recently closed $2.1 billion Vantage insurance acquisition.
Fifth Third Net Interest Income Rises 48% on Comerica Integration
Net interest margin expanded 24 basis points year-over-year to 3.36% as the bank integrated its latest acquisition.
Autoliv Reaffirms Outlook as Organic Growth Stays Muted
Operating cash flow reached $434 million as working capital shifted from a use of cash to a source.
Alcoa Posts Record Revenue as Aluminum Shipments Rebound
Adjusted earnings climbed to $2.12 a share from $1.40 in the prior quarter.
USA Rare Earth to Buy SVRE Holdings in $300 Million Mixed Deal
The acquisition utilizes a mixed consideration structure to integrate SVRE Holdings into USA Rare Earth's strategic operations.
Kimbell Royalty Partners to Buy $215.4 Million Drop Down Royalty Package
The related-party acquisition marks Kimbell's second drop down since its 2017 IPO and deepens its footprint across four basins including the Eagle Ford and Permian.
Four Corners Buys Mission Pet Health Properties in $268 Million Asset Deal
The acquisition expanded the REIT’s medical-retail exposure and deepened its relationship with a national veterinary operator.
LKCM Headwater to Buy Distribution Solutions Group in All-Cash Deal
The transaction will take the specialty distributor private through a deal offering an 81% premium to a March closing price.
Baker Hughes Completes $13.6 Billion Chart Industries Cash Deal
The acquisition expanded Baker Hughes’ industrial portfolio and recurring aftermarket-services business.
Lilly to Buy AtaiBeckley in $2.8 Billion Cash-and-CVR Deal
Eli Lilly's move for a clinical-stage psychedelics developer bets a milestone-laden contingent payout on turning a Breakthrough Therapy-designated depression drug into a marketed medicine.
ARRAY Technologies to Buy Affordable Wire Management in $203 Million Mixed Deal
The transaction would broaden ARRAY’s solar balance-of-system portfolio and open growth paths in battery storage and datacenters.
Europe's Bank Margins Diverge as Returns Climb, Capital Slips
Europe's biggest banks are pulling in opposite directions on income and returns even as capital ratios thin out from Tokyo to Wall Street.
Hard Assets Draw Capital as Financing Costs Stay High
Long-duration property and infrastructure contracts are attracting fresh capital, while lenders are demanding rich returns and stronger collateral.
UnitedHealth Raises Outlook as Earnings Rebound
The health-care company lifted its adjusted earnings forecast to $19.50 to $20.00 a share.
Uber Adds Delivery Hero in $14.8 Billion Deal as Growth Cools
Uber Technologies disclosed a roughly $14.8 billion equity-value takeover offer for Delivery Hero, extending an acquisition streak even as its most recent quarterly bookings growth decelerated to 25% from 22% a quarter earlier.
Insmed revenue jumps 230% on brensocatib growth
Total company revenues reached $306.0 million for the first quarter of 2026
General Electric raises full-year outlook as engine deliveries climb
Free cash flow rose 43% year-over-year to $3.0 billion in the second quarter.
Citizens Financial's Net Interest Income Accelerates 4.4% as NIM Expands Further
The regional lender posted $1.63 billion in net interest income, up 14% year-over-year, as its net interest margin widened to 3.17%.
Worthington Steel to Buy Kloeckner & Co in All-Cash Delisting Deal
The offer follows Worthington Steel's previous acquisition of a 62% stake in the German metals processor.
Uber to Buy Delivery Hero in $14.8 Billion All-Cash Deal
The combination would nearly double Uber’s markets offering both mobility and delivery services.
Dorian LPG Sells VLGC Corsair for $81.8 Million
The asset sale is part of a disciplined fleet renewal and expansion strategy to deliver long-term shareholder value.
ASP Isotopes to Acquire Quantum Leap Energy Notes in $109.2 Million Deal
The all-stock transaction aims to reduce the target's outstanding convertible notes by approximately 50% ahead of a planned public listing.
M&T Bank Net Interest Income Rises on Loan Growth
Taxable-equivalent net interest income increased 2% quarter-over-quarter to $1,804 million
Pediatrix Posts 18% EBITDA Jump as Reimbursement Gains Offset Volume Decline
The neonatal and maternal-fetal medicine provider posted $58.2 million in first-quarter adjusted EBITDA, up 18% from a year earlier, while reaffirming its full-year outlook of $280 million to $300 million.
Cheniere Energy raises full-year guidance on record export volumes
The company increased its 2026 consolidated adjusted EBITDA forecast to a range of $7.25 billion to $7.75 billion
Hycroft Names New COO, Discloses No New Operating Metrics
Hycroft Mining Holding (HYMC) said its incoming chief operating officer starts Aug. 24, 2026, a leadership update that carried none of the resource, economic or cost figures included in its three prior releases.
Liberty Media's F1 Profit More Than Doubles on Extra Race, Calendar Shift
Formula 1 swung to $107 million in operating income from a $28 million loss a year earlier, powered by a 53% revenue jump.
First Horizon NIM Dips as Deposit Costs Rise
Net interest margin fell 3 bps to 3.49% in the second quarter as brokered deposit costs climbed.
Fastenal Sales Growth Hits Five-Quarter High
The industrial distributor reported 14.7% year-over-year daily sales growth in the second quarter.
Elevance Profit Slides as Medical Costs Climb
The health insurer reported second-quarter adjusted earnings of $7.45 a share, down 15.7% from a year earlier.
BNY's NIM Streak Hits Fourth Quarter as Deposits Dip and Buybacks Accelerate
Net interest margin at Bank of New York Mellon expanded for a fourth straight quarter to 1.45%, even as average deposits fell for the first time in five quarters and share repurchases rose to $1.1 billion.
BlackRock inflows hit record $192 billion
The world’s largest asset manager saw long-term net inflows jump 46% sequentially to $199 billion in the second quarter.
Allstate Profit More Than Quadruples on Improved Underwriting Results
The insurer's net income reached $2.4 billion in the first quarter as its combined ratio improved 15.4 points to 82.0.
Ligand Pharmaceuticals Completes Acquisition of XOMA Royalty in $739 Million Deal
The all-cash transaction expands Ligand's royalty portfolio to more than 200 assets and adds seven commercial products.
Willis Lease to Buy 12 Aircraft, 13 Engines in Asset Deal
The transaction strengthens the company’s aftermarket and leasing capabilities across the aviation asset lifecycle.
Ligand Completes $739 Million All-Cash Acquisition of XOMA Royalty
The deal adds more than 120 royalty assets to Ligand's portfolio, including seven commercial-stage products, and includes contingent value rights tied to pending litigation.
First Bancorp to Buy First Carolina Bancshares in $166 Million Deal
The mixed cash-and-stock deal pushes First Bancorp's First Bank into the top 10 for deposit share in both Carolinas, betting on a target it says shares its relationship-banking playbook.
Apollo Funds Completes $1.5 Billion Buyout of Emerald Holding
The all-cash deal unites two B2B events platforms under private ownership to capture demand for in-person industry gatherings.
Diodes to Buy ElevATE Semiconductor in $250 Million Cash Deal
The acquisition expands Diodes' analog and mixed-signal portfolio to target growth in the automated test equipment market.
Companies Warn AI Threatens Their Own Business Models
Across four industries, companies are flagging AI as both an operational necessity and a competitive and legal menace in their latest annual reports.
Williams Companies Lines Up $5.34 Billion Power JV With Blackstone
Williams Companies struck a $5.34 billion joint venture with Blackstone, Apollo and KKR that the company said would lower its 2026 leverage guidance to roughly 3.6 times debt-to-Adjusted EBITDA.
Wells Fargo Loan Growth Outpaces NIM Erosion as Fee Income Surges
Wells Fargo & Company (WFC) grew average loans 12% year over year to $1,026.5 billion even as its net interest margin compressed to 2.43%, while noninterest income jumped 13% on capital-markets strength.