Offshore driller Transocean Ltd’s (NYSE:RIG) stock closed higher Friday after the company posted mixed fourth-quarter results and highlighted progress on its pending merger with its rival, Valaris Ltd.. Here’s what investors need to know.Transocean stock is gaining positive traction. Why are RIG shares climbing?Earnings Miss But Revenue Beats ExpectationsTransocean delivered adjusted earnings of two cents per share, missing Wall Street's eight cent consensus, while revenue climbed to $1.04 billion, slightly ...

Group 1 - Blue Owl Capital (OBDC) experienced a significant widening in the gap between its share price and net asset value in Q4 2025 [1] - The primary reason for this discrepancy was the company's mismanagement of a merger [1]

Warner Bros. Discovery (NASDAQ:WBD) on Tuesday rejected the latest hostile takeover bid from Paramount Skydance (NASDAQ:PSKY), giving the David Ellison-led company until February 23 to submit its "best and final offer." This offer can be matched by Netflix Inc. (NASDAQ:NFLX) under the terms of the merger agreement, Warner Bros said in a statement. In the pre-market trading session on Tuesday, shares of Warner Bros. Discovery and Paramount climbed 2.72%, each, while Netflix was trading 0.70% higher at last ...

Core Viewpoint - Ecopetrol S.A. is convening a General Shareholders' Meeting on March 27, 2026, to discuss key corporate matters including a merger and financial statements [1] Group 1: Meeting Agenda - The agenda includes the review and approval of a merger agreement with Parque Solar Portón del Sol S.A.S. [1] - Shareholders will vote on the planned profit distribution for 2025 [1] - Approval of the audited individual and consolidated financial statements for 2025 is on the agenda [1] - The meeting will also cover the Integrated Management Report and the Corporate Governance Report for 2025 [1] Group 2: Meeting Logistics - The meeting will be held in person and streamed live on Ecopetrol's website [1] - Shareholders are encouraged to attend with smart mobile devices for electronic voting [1] - Proxies can represent shareholders, and specific requirements for proxy representation are outlined [1] Group 3: Shareholder Rights and Information - Shareholders can inspect Ecopetrol's books starting March 5, 2026, with prior appointment [1] - The merger proposal will be available at Ecopetrol's main domicile within the legally required timeframe [1] - Shareholders have the right to object to the merger under certain conditions as per local law [1]

American Water Works Company (NYSE:AWK) Q4 2025 Earnings call February 19, 2026 09:00 AM ET Company ParticipantsAaron Musgrave - VP of Investor RelationsCheryl Norton - COODavid Bowler - Vice President and TreasurerJohn Griffith - President and CEOConference Call ParticipantsGregg Orrill - Executive Director and Equity AnalystJulien Dumoulin-Smith - Research AnalystRui Zhai - Equity AnalystOperatorGood morning, and welcome to American Water's fourth quarter 2025 earnings conference call. As a reminder, this ...

The proposed merger between BDO UK and BDO Ireland has moved a step closer, with the two firms exchanging contracts after partners approved the deal. In a statement, BDO UK said the deal will add BDO Ireland’s offices in Dublin and Limerick to the UK business' 17 existing locations. In November 2025, the two companies confirmed that they were in talks to combine operations and said discussions were in their concluding phase. The transaction is subject to regulatory clearance and is expected to complete ...

Core Insights - Teck Resources Limited reported strong Q4 2025 financial performance, driven by higher copper prices and operational efficiency [2][5] - The company is advancing its merger with Anglo American, with significant shareholder support and regulatory approval [2][6] Financial Performance - Q4 2025 revenue reached CAD 3,058 million, up from CAD 2,786 million in Q4 2024, representing a 9.8% increase [5] - Gross profit for Q4 2025 was CAD 990 million, compared to CAD 542 million in Q4 2024, marking an 82.8% increase [5] - Adjusted EBITDA for Q4 2025 was CAD 1,513 million, a significant increase of CAD 678 million from CAD 835 million in Q4 2024 [6][5] - Profit from continuing operations attributable to shareholders was CAD 544 million, or CAD 1.11 per share, compared to CAD 385 million, or CAD 0.75 per share in Q4 2024 [5][7] Merger and Strategic Developments - The proposed merger with Anglo American is expected to create a top-five global copper company, with annual pre-tax synergies estimated at approximately USD 800 million [6][10] - Shareholders voted overwhelmingly in favor of the merger on December 9, 2025, and received approval from the Government of Canada on December 15, 2025 [6][10] Operational Highlights - At Quebrada Blanca (QB), copper production in Q4 2025 was 55,400 tonnes, an increase of 15,800 tonnes from Q3 2025, marking the strongest quarterly performance of the year [10] - The copper segment generated gross profit before depreciation and amortization of CAD 1.1 billion in Q4 2025, driven by higher copper prices averaging USD 5.03 per pound [6][5] - The zinc segment reported gross profit before depreciation and amortization of CAD 305 million in Q4 2025, slightly down from CAD 320 million in the same period last year [6][5] Safety and Sustainability - The annual High-Potential Incident (HPI) frequency rate improved to 0.06, which is 50% lower than the previous year [6][15] - Teck was recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its commitment to exceptional human resource programs [15]

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Brighthouse Financial logo Key Points Stockholders approved the merger with Aquarian — preliminary results reported that the November 6, 2025 merger agreement passed at the Feb. 12, 2026 special meeting, and final vote totals will be filed on a Form 8-K within four business days. All three proposals passed, including an advisory vote on merger-related executive compensation and an adjournment contingency; because the merger passed, the company said it will not adjourn to solicit additional proxies. Int ...

Financial Data and Key Metrics Changes - The company reported full-year Adjusted EBITDA of $248 million for 2025, an 8% increase from 2024, exceeding prior guidance [5][6] - Fourth-quarter Adjusted EBITDA was $62 million, down from $95 million in the prior year period [10][6] - Pro forma net income for the full year was $89 million, or $0.57 per share, while fourth-quarter pro forma net income was $32 million, or $0.20 per share [6][9] Business Line Data and Key Metrics Changes - Southern Timber segment generated fourth-quarter Adjusted EBITDA of $32 million, down 8% year-over-year due to lower net stumpage realizations [7][12] - Pacific Northwest Timber segment reported fourth-quarter Adjusted EBITDA of $5 million, a 24% decline from the prior year, primarily due to a 26% decrease in harvest volumes [16][12] - Real estate segment achieved full-year Adjusted EBITDA of $127 million, significantly above guidance, with fourth-quarter Adjusted EBITDA of $33 million [18][19] Market Data and Key Metrics Changes - The company noted that rural HBU markets remained strong, contributing to the real estate segment's performance [6][19] - Pulpwood pricing in the Atlantic region faced downward pressure due to increased supply and mill closures, impacting overall demand [15][52] - The Pacific Northwest is expected to see tightening log markets due to improving demand from sawmills and constraints on Canadian supply [18][17] Company Strategy and Development Direction - The merger with PotlatchDeltic is expected to create a premier land resources company with a diversified timberland portfolio and enhanced operational efficiencies [3][4] - The company plans to focus on disciplined capital allocation and synergies from the merger to create long-term shareholder value [4][29] - The leadership team is implementing best practices from both companies to optimize organizational structure and enhance operational efficiency [4][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term value creation potential from the merger, despite current market challenges in timber and lumber [28][29] - The company anticipates improved demand and pricing in local markets as sawmills ramp up production in response to higher lumber prices [15][18] - Management highlighted the importance of addressing the underbuilt housing stock in the U.S. as a long-term driver for timber demand [52] Other Important Information - The company repurchased approximately 110,000 shares at an average price of $26.31 per share prior to the merger announcement [11] - The company paid a special dividend of $1.40 per share due to taxable gains from the sale of its New Zealand joint venture [11] - The company finished 2025 with $843 million in cash and $1.1 billion in debt, maintaining a conservative leverage profile [12] Q&A Session Summary Question: Can you provide insights on the drivers for real estate sales in 2026? - Management noted that real estate sales are lumpy and significantly impacted by larger transactions, with strong premiums to timberland value driving performance [34][36] Question: What factors influenced the initial harvest guidance for the combined companies? - Management indicated that the guidance reflects a partial year contribution from PotlatchDeltic and aligns with Rayonier's historical sustainable yield [48][49] Question: Are there signs of stabilization in the pulpwood market? - Management acknowledged challenges in the southern timber segment but expressed optimism for long-term demand growth due to housing market dynamics [51][52] Question: What is the company's stance on M&A opportunities in the current market? - Management stated that while the timberland M&A market remains competitive, the focus is on share repurchases as the best use of capital at this time [60][61] Question: How does the company view the integration of wood products within the timberlands portfolio? - Management believes that the integrated model will benefit shareholders over time, with a focus on evaluating investment opportunities based on return potential [76][77]