Core Insights - Black Hills Corp. reported a net income of $104.9 million for Q4 2025, an increase from $98.1 million in Q4 2024, and a full-year net income of $291.6 million compared to $273.1 million in 2024, reflecting a solid financial performance [1][5][20] - The company achieved a GAAP EPS of $3.98 for 2025, up from $3.91 in 2024, and an adjusted EPS of $4.10, which excludes merger-related costs, indicating a growth of approximately 5% [1][5][12] - Black Hills Corp. plans to invest $4.7 billion from 2026 to 2030 to enhance service reliability and support growth, with a 6% year-over-year earnings growth guidance for 2026 [3][5][12] Financial Performance - For Q4 2025, revenue was $635.5 million, up from $597.1 million in Q4 2024, while full-year revenue reached $2.31 billion, compared to $2.13 billion in 2024 [1][19] - Operating income for Q4 2025 was $171.4 million, slightly higher than $163.3 million in Q4 2024, and full-year operating income increased to $537.5 million from $503.1 million [19][20] - The company maintained strong credit ratings, with Moody's affirming a Baa2 rating and S&P Global Ratings affirming a BBB+ rating, indicating solid credit quality [15] Strategic Initiatives - The company is advancing its merger with NorthWestern Energy, which is expected to close in the second half of 2026, and has filed necessary applications with regulatory bodies [5][6] - Black Hills Corp. has initiated a significant electric transmission expansion project, the Ready Wyoming project, which is expected to enhance system resiliency and support local economic growth [2][9] - The company is also focusing on a data center pipeline exceeding 3 GW, with plans to serve high-quality partners, driven by demand from major tech companies [4][5] Regulatory and Market Developments - In 2025, Black Hills completed three rate reviews, resulting in over $52 million of new annual revenue, which contributed to its financial performance [2][5] - The company has established an Emergency Public Safety Power Shutoff program to enhance customer safety and mitigate wildfire risks across its electric utilities [9] - New rates effective for Colorado Electric are expected to generate an additional $17.5 million in annual revenue following a rate review [9][10]

Shares in Two Harbors Investment Corp. ( TWO ) have delivered solid gains so far in 2026 as the market apparently feels increasingly confident that the merger with UWM Holdings Corporation ( UWMC ) will close successfully. As a reminder, TWO isI ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered c ...

Tesla Stock: 'Growing Chance' Of Merger To Create Musk Trinity With SpaceX And xAI | Investor's Business DailyBREAKING: [Stocks Edge Higher As Teradyne, Palantir Surge]---Tesla (TSLA) CEO Elon Musk confirmed late Monday that his rocket company SpaceX will merge with his artificial intelligence startup xAI. On Tuesday, a Tesla stock bull wrote there is now a "growing chance" that Tesla will eventually merge "in some form" with SpaceX/xAI in the coming 18 months. Wedbush Securities analyst Dan Ives, who has l ...

DUBLIN, Ga., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank (the “Bank”), today reported its financial results for the quarter and year ended December 31, 2025. Year-over-year and quarter-by-quarter comparisons are included herewith. On January 28, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.13 per common share—an increase of $0.01 per share or 8.33% over the quarterly dividend of $0.12 paid in each ...

SAN DIEGO, Feb. 2, 2026 /PRNewswire/ -- Avidity Biosciences, Inc. ("Avidity") (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates ("AOCsâ"¢") to profoundly improve people's lives, today announced that its board of directors has designated the close of business, Eastern Time, on February 12, 2026 as the record date (the "Record Date") for the pro rata distribution of all of the issued and outstanding shares of common st ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Merger Overview - SM Energy Company has completed an all-stock merger with Civitas Resources, creating a combined entity named SM Energy Company, headquartered in Denver, Colorado, US [1] - The merger was valued at approximately $12.8 billion, including net debt, and received shareholder approval from both companies [1][4] Share Exchange and Ownership Structure - Each Civitas share is exchanged for 1.45 SM Energy shares, resulting in the issuance of approximately 126.3 million new shares of common stock by SM Energy [2] - Post-merger, SM Energy shareholders will own about 48% of the combined company, while Civitas shareholders will hold around 52% [2] Leadership and Governance - The Board of Directors will consist of 11 members, with six from SM Energy and five from Civitas [3] - The leadership team includes Beth McDonald as president and CEO, and Blake McKenna as executive vice-president and COO [2] Operational Focus and Financial Outlook - The combined entity manages a portfolio of approximately 823,000 net acres, focusing significantly on the Permian Basin [3] - Expected free cash flow is projected to exceed $1.4 billion for the full year 2025, aiming to enhance capital returns and investment appeal [3] Integration and Future Plans - The company aims to integrate effectively to unlock additional free cash flow, targeting annual synergies of $200–300 million and divestitures of at least $1 billion over the next year [5] - Plans to strengthen the balance sheet and accelerate capital returns to stockholders are in place, with an updated operating plan and return of capital framework to be shared in February 2026 [6]

Core Insights - CSX Corporation (NASDAQ:CSX) is one of the largest railroad companies in America, with shares increasing by 13.8% over the past year and 3.5% year-to-date [2] - The company reported $3.50 billion in revenue and $0.39 in profit per share, both of which missed analyst estimates of $3.54 billion and $0.41 respectively [2] - Susquehanna raised CSX's share price target to $39 from $38 while maintaining a Neutral rating, whereas Bernstein lowered its target to $36 from $37 with a Market Perform rating [2] - There is speculation about a potential merger between CSX and Berkshire Hathaway's Burlington Northern, as discussed by Jim Cramer [3] Financial Performance - CSX Corporation reported revenue of $3.50 billion and earnings per share of $0.39, which were below analyst expectations [2] - The earnings miss was noted to be narrower when excluding one-time charges [2] Market Sentiment - Jim Cramer expressed optimism about CSX's leadership under Steve Angel, suggesting that his industrial background could lead to significant developments, including a potential merger with Burlington Northern [3] - Despite the potential of CSX, there is a belief that certain AI stocks may offer better returns with limited downside risk [3]

Core Viewpoint - Enzon Pharmaceuticals has initiated an exchange offer for its Series C Non-Convertible Redeemable Preferred Stock in connection with its merger with Viskase Companies, Inc. [1] Offer Details - Enzon is offering holders of Series C Preferred Stock the opportunity to exchange their shares for common stock, with the exchange ratio based on the liquidation preference divided by $7.83, post Reverse Stock Split [2] - The Offer is fully detailed in the Prospectus/Consent Solicitation/Offer to Exchange filed with the SEC on January 28, 2026 [3] Key Dates and Information - The exchange offer commenced on January 30, 2026, and will expire at 11:59 p.m. Eastern Time on February 27, 2026, unless extended [7] - Holders can withdraw their tendered shares at any time before the deadline [7] Company Background - Enzon Pharmaceuticals, Inc. operates as a public company acquisition vehicle, aiming to become an acquisition platform [5] Additional Information - HKL & Co., LLC is the Information Agent for the Offer, while Continental Stock Transfer & Trust Company serves as the Exchange Agent [4] - Investors can access the documents filed with the SEC through the SEC's website or by contacting HKL & Co., LLC [8]

Core Viewpoint - Elon Musk is driving speculation about a potential merger involving SpaceX, xAI, and Tesla as SpaceX prepares for a significant IPO, potentially valued at $1.5 trillion [1][2]. Group 1: Merger Speculation - SpaceX is reportedly in discussions about a merger that could involve both Tesla and xAI, with an IPO targeted for June [2]. - Gene Munster estimates a 45% chance that Tesla will acquire xAI, a 35% chance that SpaceX will buy xAI, and a 20% chance that xAI will remain independent [3]. Group 2: Investment and Strategic Implications - Both SpaceX and Tesla have invested $2 billion each into xAI, indicating strong financial backing for the potential merger [4]. - Musk's strategy includes leveraging xAI for various applications, such as powering SpaceX's datacenters and enhancing Tesla's Full Self-Driving software and humanoid robot program [5]. Group 3: Market Reactions and Predictions - Prediction market Kalshi shows confidence that SpaceX will announce an IPO before mid-2026, reflecting investor optimism [7]. - Tesla shares experienced a decline of 3.23% to $416.57 but rebounded by 2.86% in overnight trading to $428.50, indicating volatility in market sentiment [7].