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Suburban Propane Partners, L.P. Announces First Quarter Results
Prnewswire· 2026-02-05 12:30
Core Insights - Suburban Propane Partners, L.P. reported a significant increase in net income for the first quarter of fiscal 2026, reaching $45.8 million, or $0.69 per Common Unit, compared to $19.4 million, or $0.30 per Common Unit, in the same period of fiscal 2025 [2][3] - The company experienced a 10.8% increase in Adjusted EBITDA, amounting to $83.4 million, driven by higher volumes sold and effective management of selling prices and expenses [2][3][4] Financial Performance - Net income for Q1 fiscal 2026 was $45.8 million, a 136% increase from $19.4 million in Q1 fiscal 2025 [2][16] - Adjusted EBITDA improved by $8.1 million, or 10.8%, from the previous year [2][4] - Total gross margin increased by $13.4 million, or 5.9%, to $239.5 million, with a notable increase in propane unit margins of $0.08 per gallon, or 4.1% [4][16] Operational Highlights - Retail propane gallons sold reached 110.2 million, a 4.2% increase compared to the prior year, attributed to colder temperatures and recent acquisitions [3][4] - Average temperatures during the quarter were 6% warmer than normal but 6% cooler than the previous year, impacting heat-related demand [3][4] Strategic Developments - The company acquired two propane businesses in California for $24.0 million, enhancing its market presence [8] - A new anaerobic digester facility in Upstate New York is in the commissioning process, and construction of gas upgrade equipment in Columbus, Ohio is progressing [3][8] Debt Management - Suburban Propane refinanced $350.0 million of senior notes, extending debt maturities by nearly three years and improving financial flexibility [6][7] - The Consolidated Leverage Ratio improved to 4.57x from 4.99x year-over-year, indicating better debt management [8] Distribution Information - The Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit, equating to an annualized rate of $1.30 per Common Unit, payable on February 10, 2026 [9]
North American Niobium and Critical Minerals Corp. Submits ATI Application for Bardy and Blanchette Projects in Québec, Advancing Path to Diamond Drilling
Globenewswire· 2026-02-05 12:30
Core Viewpoint - North American Niobium and Critical Minerals Corp. has submitted an initial application for an Authorization for Impact-Causing Exploration Work (ATI) to the Québec government, marking a significant step towards potential diamond drilling at its Bardy and Blanchette projects [1][3]. Permitting Process - The submission of the ATI application is crucial for executing a diamond drilling program at the Bardy and Blanchette projects, as it initiates the review process by Québec's Ministère des Ressources naturelles et des Forêts (MRNF) [3]. - The ATI process is iterative, and timelines may vary based on feedback and project logistics, with no assurance on the timing of the MRNF review or the receipt of the ATI permit [4]. Stakeholder Engagement - The company emphasizes stakeholder engagement as a core aspect of responsible exploration in Québec, with ongoing discussions with four identified stakeholder groups [5]. - An open-door information meeting is planned with the Atikamekw of Wemotaci to ensure transparency regarding potential drilling locations [6][8]. - The CEO of North American Niobium highlighted the importance of building constructive relationships with stakeholders as part of the ATI permitting framework [7]. Next Steps - The company will continue to engage with stakeholders, respond to feedback, and support the MRNF review process as required, with future exploration work contingent on receiving necessary approvals [7]. Company Overview - North American Niobium and Critical Minerals Corp. focuses on acquiring and developing mineral assets, including properties in British Columbia and Québec, which are significant for rare earth elements, niobium, and nickel-copper occurrences [9].
Ingles Markets, Incorporated Reports Results for the First Quarter of Fiscal 2026
Businesswire· 2026-02-05 12:30
Core Viewpoint - Ingles Markets, Incorporated reported a strong performance for the first quarter of 2026, highlighting a significant increase in net sales compared to the previous year [1] Financial Performance - Net sales for the quarter ended December 27, 2025, reached $1.37 billion, marking a 6.6% increase from $1.29 billion in the same quarter of the previous year [1]
Cheesecake Factory Tops A Buy Point As Profit Growth Rate Accelerates
Investors· 2026-02-05 12:30
Hot Upscale Casual Chain Cheesecake Factory Tops Buy Point | Investor's Business DailyBREAKING: [Futures Mixed; Google AI Spending Soars]---On Wednesday, popular restaurant chain Cheesecake Factory (CAKE) traded as high as 61.96, topping a 61.75 buy point for a 134-day cup-with-handle base. It closed at 61.82, in a buy zone. Also on Wednesday, Cheesecake Factory earned an upgrade to its Relative Strength (RS) Rating, from 68 to 72. The upgraded 72 RS Rating means its stock tops 72% of…## Related news## Chee ...
ESGold Expands Montauban Land Position Following 3D Geological Model Identifying Potential District-Scale Mineralized Corridor
Accessnewswire· 2026-02-05 12:30
Core Insights - The company has staked an additional 144 mining claims, totaling approximately 7,668 hectares, around its Montauban project in Québec, significantly increasing its land position [1] - With the new claims, the company now controls 417 mining claims covering approximately 20,618 hectares or 206 square kilometers, making it the largest contiguous mineral tenure held by a single company in the Montauban region [1] Company Developments - The company is preparing for an expanded ANT survey and a step-out drilling program, indicating a proactive approach to exploration and resource assessment [1]
Neurogene to Participate in Upcoming Investor Conferences
Businesswire· 2026-02-05 12:30
NEW YORK--(BUSINESS WIRE)--Neurogene Inc. (Nasdaq: NGNE), a clinical-stage company founded to bring life-changing genetic medicines to patients and families affected by rare neurological diseases, today announced that Company management will participate in the following conferences: Guggenheim Emerging Outlook: Biotech Summit 2026 Format: Management will participate in a fireside chat and investor meetings Date: Thursday, February 12 at 9:00 a.m. ET TD Cowen 46th Annual Health Care Conference F. ...
I Haven't Been This Bullish In Years - The Great Rotation Is Finally Here
Seeking Alpha· 2026-02-05 12:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Earlier this week, I wrote an article titled “Everyone’s Warning About Valuations - I’m Betting On The Roaring 20s.” I obviously didn’t write it to stir commotion, but it certainly resulted in oneLeo Nelissen is a long-term investor and macro-focused strategist with a passion fo ...
Altria Continues To Deliver Real Returns
Seeking Alpha· 2026-02-05 12:30
Core Viewpoint - The article emphasizes the importance of dividend investing in quality blue-chip stocks, Business Development Companies (BDCs), and Real Estate Investment Trusts (REITs) as a strategy for building wealth and achieving financial independence. Group 1: Investment Strategy - The company focuses on a buy-and-hold investment strategy, prioritizing quality over quantity in its portfolio selection [1]. - The aim is to supplement retirement income through dividends within the next 5-7 years [1]. Group 2: Target Audience - The company aspires to assist hard-working lower and middle-class workers in building investment portfolios comprised of high-quality, dividend-paying companies [1]. - The goal is to provide a new perspective to help these investors reach financial independence [1].
Qualcomm Earnings: Why The Stock Is Dropping And Where It's Going Next (NASDAQ:QCOM)
Seeking Alpha· 2026-02-05 12:30
QUALCOMM Incorporated ( QCOM ) is crashing after hours on Wednesday following quarterly earnings results that have apparently left investors wanting. It certainly doesn't help that tech stocks are experiencing a bit of aTo follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugural published piece during my ...
Is There A Reason To Panic?
Seeking Alpha· 2026-02-05 12:30
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here's the latest in trending:Big Tech: Alphabet (GOOGL) doubles down on spending as earnings beat expectations. Check out segment revenue in charts.Bezos watch: Massive layoffs hit The Washington Post and Amazon (AMZN) turns to AI to accelerate its Hollywood ambitions.Rises and drops: Oil is volatile after Iran confirms talks with the U.S.; Iran's supreme l ...