Matador Resources Company Announces Offering of $750 Million of Senior Notes Due 2034
Businesswire· 2026-02-26 12:41
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ("Matador†or the "Company†) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2034 (the "New Notes†) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 (the "2028 Notes†) through a cash tend. ...
NioCorp Launches Construction of Elk Creek Critical Minerals Project Mine Portal
Accessnewswire· 2026-02-26 12:40
Core Insights - NioCorp has successfully raised $100 million in capital, which will support the advancement of the Elk Creek Critical Minerals Project [1] - The company has raised over $500 million in gross capital for the years 2025 and 2026, enhancing its position with the Export-Import Bank of the U.S. for proposed debt financing [1] - The company anticipates hosting a formal groundbreaking ceremony upon the completion of its overall project financing efforts [1] Financial Position - The recent capital raise of $100 million is part of a larger strategy to secure funding for the Elk Creek project [1] - The total gross capital raised exceeding $500 million in 2025/2026 indicates strong investor confidence and financial backing for the company's initiatives [1] Strategic Outlook - Strengthening ties with the Export-Import Bank of the U.S. suggests a focus on securing additional financing options for future growth [1] - The planned groundbreaking ceremony signifies a commitment to advancing the Elk Creek project, which is critical for the company's long-term objectives [1]
UBS executive says one item remains in migration of Credit Suisse clients
Reuters· 2026-02-26 12:39
Group 1 - UBS has one item remaining in the migration of former Credit Suisse clients onto UBS's system [1]
TD Bank Quarterly Earnings Lifted by Growth Across Operations
WSJ· 2026-02-26 12:39
Core Insights - Toronto-Dominion Bank experienced a significant increase in earnings during the first three months of its fiscal year, attributed to revenue growth across its various operations [1] Financial Performance - The bank's earnings surged, indicating strong financial health and operational efficiency [1] - Revenue growth was observed across all segments, showcasing the bank's diversified business model [1]
Oracle Corporation (ORCL) Fell Due to Concerns About Overinvestment and Funding Needs for AI Infrastructure
Yahoo Finance· 2026-02-26 12:38
Aristotle Funds, an investment advisor, released its “Growth Equity Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets reached new all-time highs in Q4 2025, with the S&P 500 Index rising 2.66% and the Bloomberg U.S. Aggregate Bond Index increasing by 1.10%. Within the Russell 1000 Growth Index, healthcare, communication services, and financials were the top-performing sectors, while utilities, real estate, and materials lagged. The U.S. economy show ...
Hims & Hers: The Telehealth Growth Story Younger Investors Can't Afford to Ignore
Yahoo Finance· 2026-02-26 12:37
Down 70% over the past year -- and down 60% over just the last three months -- Hims & Hers Health (NYSE: HIMS) stock is in a funk, and Monday night's earnings report didn't help. Shares of the telemedicine company have slid steadily since the FDA announced early last year that Novo Nordisk's (NYSE: NVO) Wegovy and Ozempic GLP-1 weight loss drugs are no longer in shortage. Since that news came out, the writing has seemed to be on the wall for Hims & Hers Health and its business of compounding copycat weigh ...
Merrell and Saucony Continue to Lead Sales Growth at Wolverine Worldwide in Q4
Yahoo Finance· 2026-02-26 12:36
Shares for Wolverine Worldwide climbed over 5 percent in pre-market trading on Thursday as the company finished 2025 on a high note. The Rockford, Mich.-based footwear company said total revenue in the fourth quarter of 2025 was $517.5 million, up 4.6 percent from $494.7 million the same time last year. More from WWD Net earnings in the quarter were $32.5 million, up from $23.8 million the same time last year. Diluted earnings per share in Q4 were 38 cents, up from 28 cents the prior year’s period. On a ...
J.M. Smucker Sales Rise on Higher Coffee Prices
WSJ· 2026-02-26 12:36
Core Insights - J.M. Smucker reported an increase in third-quarter sales, primarily driven by price hikes in its coffee division [1] - The company has lowered its sales growth forecast for the year due to a recent fire at one of its manufacturing facilities [1] Sales Performance - The increase in sales was attributed to strategic price increases in the coffee segment [1] - Specific figures regarding the sales increase were not provided in the excerpt [1] Forecast Adjustments - The company has revised its sales growth outlook downward for the year [1] - The revision is linked to operational disruptions caused by a fire incident at a manufacturing site [1]
Cronos Group Reports 2025 Fourth Quarter and Full-Year Results
Globenewswire· 2026-02-26 12:35
Core Insights - Cronos Group Inc. achieved record net revenue in Q4 2025 and FY 2025, with Q4 revenue increasing by 47% year-over-year to $44.5 million and FY revenue increasing by 25% year-over-year to $146.6 million [1][2][16] - The company reported strong performance driven by consumer demand, expansion at Cronos GrowCo, and contributions from international markets [2][3] - The company maintains a robust balance sheet with $832 million in cash and cash equivalents and short-term investments [1] Financial Performance - Q4 2025 net revenue of $44.5 million increased by $14.2 million from Q4 2024, primarily due to higher cannabis flower sales in Israel and other countries [10] - Gross profit for Q4 2025 was $16.2 million, an increase of $5.4 million from Q4 2024, driven by higher average sales prices and sales volumes [10] - For FY 2025, gross profit reached $62.8 million, up $37.6 million from FY 2024, attributed to lower inventory step-up costs and higher sales prices [16] Brand and Market Position - The Spinach brand maintained a strong position in Canada, ranking 2 overall and 4 in the flower category with a market share of 5.1% [11] - SOURZ by Spinach led the edibles category with a market share of 21.7% in Q4 2025, continuing to innovate with new product launches [12] - PEACE NATURALS consistently ranked as the top cannabis brand in Israel, achieving record sales volume and revenue throughout 2025 [15] International Expansion - The PEACE NATURALS brand expanded into new international markets, including Australia, Malta, and Switzerland, significantly increasing its global footprint [17] - International revenue outside Israel grew by 68% year-over-year in Q4 2025, reflecting strong demand and normalized shipment timing [17] Strategic Acquisition - Cronos Group entered into an agreement to acquire CanAdelaar B.V. for approximately $67 million, which will enhance its strategic footprint in Europe and leverage its borderless product strategy [22][24] - CanAdelaar operates a significant greenhouse facility and has rapidly grown its market share in the Dutch cannabis market, achieving net revenue of $47.3 million in the twelve months ended September 30, 2025 [23] Operational Updates - The company reported a net loss of $0.5 million in Q4 2025, a significant decrease from net income of $43.9 million in Q4 2024, primarily due to foreign currency transaction losses [10] - Adjusted EBITDA for FY 2025 improved by $45.1 million to $10.1 million, driven by higher adjusted gross profit and lower operating expenses [16]
Mercedes to feature driving assistance system developed with Momenta in nine upcoming models
Reuters· 2026-02-26 12:35
Mercedes-Benz will feature an advanced driving assistance system co-developed with Chinese tech firm Momenta in nine upcoming models this year, including the electric GLC SUV and S-Class sedan, the co... ...