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Ormat Technologies(ORA) - 2025 Q4 - Annual Report
2026-02-26 18:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ Annual Report PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 (Exact name of registrant as specified in its charter) (775) 356-9029 (Registrant's telephone number, including area code) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32347 ORMAT TECHNOLOGIES, INC. | Title of Each Class | ...
Perrigo(PRGO) - 2025 Q4 - Annual Report
2026-02-26 18:34
UNITED STATES For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-36353 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Perrigo Company plc (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Irelan ...
MPLX(MPLX) - 2025 Q4 - Annual Report
2026-02-26 18:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to __________________ Commission file number 001-35714 MPLX LP (Exact name of registrant as specified in its charter) (State ...
Marathon(MPC) - 2025 Q4 - Annual Report
2026-02-26 18:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 Marathon Petroleum Corporation (Exact name of registrant as specified in its charter) (State or other jurisdi ...
Where Food es From(WFCF) - 2025 Q4 - Annual Report
2026-02-26 18:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 001-40314 WHERE FOOD COMES FROM, INC. (Exact name of registrant as specified in its charter) (State of incorporation or organiz ...
Gray Television(GTN) - 2025 Q4 - Annual Report
2026-02-26 18:14
Revenue Performance - Total revenue for Gray Media decreased by $549 million, or 15%, to $3.1 billion in 2025 compared to 2024[193] - Core advertising revenue decreased by $38 million, primarily due to macroeconomic softness, with $9 million generated from Super Bowl broadcasts in 2025 compared to $18 million in 2024[194] - Political advertising revenue plummeted by $455 million, or 92%, in 2025 compared to 2024, reflecting the off-year of the election cycle[194] - Retransmission consent revenue decreased by $53 million, or 4%, in 2025 due to a station ceasing its network affiliation and a decrease in subscribers[194] Expenses - Broadcasting expenses decreased by $78 million, or 3%, to $2.2 billion in 2025[193] - Corporate and administrative expenses increased by $9 million to $113 million in 2025, driven by higher professional services costs related to pending business combinations[196] - Interest expense decreased by $11 million, or 2%, to $474 million in 2025, attributed to a reduction in outstanding debt balance despite an increased average interest rate[202] Taxation - The effective income tax rate increased to 25% in 2025 from 24% in 2024, influenced by various nondeductible expenses and state taxes[205] Debt and Liquidity Management - Gray Media amended its Senior Credit Agreement to increase availability under its Revolving Credit Facility by $70 million to $750 million, extending the term to December 1, 2028[208] - The company issued $1.15 billion in aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2032 to enhance liquidity and manage debt obligations[208] - The company issued $775 million in 7.25% senior secured first lien notes due 2033, with proceeds allocated to repay $630 million of the 2021 Term Loan, $80 million of the 2024 Term Loan, and $50 million under the Revolving Credit Facility[209] - As of December 31, 2025, the company estimates approximately $450 million in debt interest payments over the next twelve months, with sufficient liquidity expected to meet these obligations[214] - The First Lien Leverage Ratio as of December 31, 2025, was 2.43, below the maximum permitted incurrence of 3.5 to 1.00[221] - The company had a total outstanding principal secured by a first lien of $2,649 million, resulting in a First Lien Adjusted Total Indebtedness of $2,281 million after accounting for cash[221] - Long-term debt, including the current portion, was $5,744 million as of December 31, 2025, up from $5,621 million in 2024[210] - As of December 31, 2025, the principal outstanding of the company's long-term debt was $5.8 billion, compared to $5.7 billion as of December 31, 2024[262] - The fair value of the company's long-term debt was $5.5 billion as of December 31, 2025, up from $4.6 billion in 2024[262] Cash Flow - Net cash provided by operating activities decreased by $462 million to $289 million in 2025, primarily due to a $460 million decrease in net income and an $89 million decrease in cash provided by changes in working capital[211] - Net cash used in investing activities increased by $35 million to $63 million in 2025, mainly due to a decrease in cash proceeds from the sale of investments and other assets[212] - Net cash provided by financing activities was $7 million in 2025, a significant improvement from cash used of $609 million in 2024, with $123 million in net proceeds from principal borrowings[213] Capital Expenditures and Investments - Capital expenditures are expected to be approximately $140 million during 2026, including significant projects at Assembly Atlanta[231] - Gross capital expenditures related to Assembly Atlanta were $34 million in 2025, with cash reimbursements of $33 million received for infrastructure projects[232] - The company acquired WBBJ-TV for total consideration of $25 million on January 1, 2026[236] - Cash proceeds of $10 million were received from the sale of the investment in FreeTV, Inc., with potential additional consideration of up to $6 million[237] Asset Valuation - The recorded value of broadcast licenses was $5.3 billion and goodwill was $2.6 billion as of December 31, 2025[251] - An impairment charge of $2 million was recorded for one broadcast license in 2025, while the fair values of other licenses exceeded their carrying values[248] Inflation and Operating Expenses - The company expects to incur moderate inflation in operating expenses, which may adversely affect future operating results[239] Interest Rate Management - The Securitization Facility allows for up to $400 million in liquidity, with amounts outstanding totaling $400 million as of December 31, 2025[240] - The company entered into interest rate caps on February 23, 2023, limiting the annual interest on variable rate debt to a maximum one-month SOFR rate of 5 percent, plus the Applicable Margin[260] - Aggregate fees paid for the interest rate caps amounted to approximately $34 million as of December 31, 2025[260] - The majority of the company's outstanding debt bore interest at a fixed rate as of December 31, 2025, reducing exposure to potential interest rate increases[261] - The company aims to manage current and forecasted interest rate risk while maintaining financial flexibility and solvency[263] - The company is focused on proactively managing its cost of capital to enhance shareholder value and maintain a competitive advantage[263] - The interest rate caps were amended on June 25, 2024, and during 2025, to align the notional amount with outstanding indebtedness[260] - The company currently has no interest rate or other derivative instruments in place following the expiration of the Rate Caps on December 31, 2025[260] Compliance and Governance - The company is committed to complying with covenant requirements in its financing agreements[263]
Gray Television(GTN_A) - 2025 Q4 - Annual Report
2026-02-26 18:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549‐‐ FORM 10-K Commission File Number 1-13796 GRAY MEDIA, INC. (Exact name of Registrant as specified in its charter) Georgia (State or other jurisdiction of incorporation) 58-0285030 (I.R.S. Employer Identification No.) 30319 (Zip Code) Registrant's telephone number, including area code: (404) 504-9828 Securities registered pursuant to Section 12(b) of the Act: | Title of each Class | Trading Symbol(s) | Name of each exchange on which | | ...
Duke Energy(DUK) - 2025 Q4 - Annual Report
2026-02-26 18:07
| | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | --- | --- | --- | | | WASHINGTON, D.C. 20549 FORM 10-K | | | (Mark One) | | | | ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the fiscal year ended December 31, 2025 or | | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from________to________ | | | Commission | Registrant, State of Incorporation or Organization, Ad ...
International Bancshares (IBOC) - 2025 Q4 - Annual Results
2026-02-26 18:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026 INTERNATIONAL BANCSHARES CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 1200 San Bernardo, Laredo, Texas 78040-1359 (Address of principal executive of ...
UFG(UFCS) - 2025 Q4 - Annual Report
2026-02-26 17:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ Commission File Number 001-34257 UNITED FIRE GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...