Financial Performance - Revenue for the third quarter of 2025 was $8,317 million[9], a decrease of 2% compared to $8,456 million in the same period of 2024[12] - Net income for the third quarter of 2025 was $536 million[9], compared to $809 million in the same period of 2024[67] - Adjusted EBITDA for the third quarter of 2025 was $1,427 million[9], representing 17.2% of sales[12] - Diluted EPS for the third quarter of 2025 was $3.86, and adjusted diluted EPS was $5.59[9] - EBITDA for the twelve months ended September 30, 2025, was $6,326 million[68] Segment Performance (Q3 2025) - Engine segment net sales were $2,605 million, a decrease of 11% compared to 2024[12] - Components segment net sales were $2,329 million, a decrease of 15% compared to 2024[12] - Distribution segment net sales were $3,172 million, an increase of 7% compared to 2024[12] - Power Systems segment net sales were $1,996 million, an increase of 18% compared to 2024[12] - Accelera segment net sales were $121 million, an increase of 10% compared to 2024[12] Return on Invested Capital (ROIC) - Adjusted ROIC for the last twelve months ended September 30, 2025, was 17%[74]

Core Insights - Embraer S.A. (EMBJ) reported a 4.1% increase in share price to $64.58 following its Q3 2025 results, despite a significant decline in adjusted earnings per American Depository Share (ADS) to 30 cents from $1.20 year-over-year [1] - Total revenues for Q3 2025 reached $2 billion, marking an 18.4% year-over-year increase, driven by growth across all business segments, particularly Executive Aviation [2][8] - The company delivered 62 jets in the quarter, increasing its backlog to $31.3 billion from $29.7 billion in the previous quarter [3][8] Financial Performance - Adjusted earnings for Q3 2025 were 30 cents per ADS, down from $1.20 in the same quarter last year, while GAAP earnings were 64 cents per ADS compared to 97 cents in Q3 2024 [1] - Operating income was reported at $159.6 million, a decrease from $285.2 million in Q2 2024, and adjusted EBITDA was $236.3 million, down from $356.6 million year-over-year [7][8] - Cash and cash equivalents as of September 30, 2025, were $1.67 billion, down from $2.23 billion at the end of 2024, with an adjusted free cash outflow of $300.3 million compared to $241.1 million in the prior-year period [9] Segment Performance - Executive Aviation revenues were $583 million, up 4% year-over-year, but gross margin decreased from 23.4% to 18.7% due to product mix and higher costs [4] - Defense & Security segment revenues improved by 27% year-over-year to $278 million, driven by higher KC-390 volumes and a positive contract-related adjustment [4] - Commercial Aviation revenues increased by 31% year-over-year to $618 million, attributed to better product mix and higher volumes and prices [5] - Services & Support segment revenues rose 16% year-over-year to $493 million, supported by increased volumes across all segments [5] - Other segments, including Agricultural Aviation and cyber division Tempest, saw revenues of $32 million, a 150% increase year-over-year, due to the inclusion of the reclassified landing gear division [6] Guidance and Outlook - Embraer reiterated its 2025 guidance, expecting to deliver 77-85 commercial jets and 145-155 Executive Aviation jets, with projected revenues between $7.0 billion and $7.5 billion [10] - The Zacks Consensus Estimate for revenues is $7.44 billion, above the midpoint of the company's guidance range, with an expected adjusted EBIT margin between 7.5% and 8.3% [10]

Core Insights - MDU Resources Group, Inc. reported third quarter financial results for 2025, highlighting strong performance in the pipeline segment and regulatory activities in utility segments, despite increased operational costs [1][2][4] Financial Performance - Net income for Q3 2025 was $18.4 million, down from $64.6 million in Q3 2024, with earnings per share (EPS) at $0.09 compared to $0.32 in the previous year [2][19] - Income from continuing operations increased to $18.4 million from $15.6 million year-over-year, with diluted EPS from continuing operations at $0.09, up from $0.08 [2][19] - For the nine months ended September 30, 2025, net income was $114.1 million, down from $225.9 million in 2024, with EPS decreasing from $1.11 to $0.56 [2][19] Segment Performance Electric Utility Segment - The electric utility segment reported a net income of $21.5 million in Q3 2025, down $2.8 million from the previous year, primarily due to higher operation and maintenance expenses [4][26] - Retail sales volumes declined by 1.6%, attributed to cooler summer temperatures, although industrial retail sales volumes increased [4][26] Natural Gas Distribution Segment - The natural gas distribution segment experienced a seasonal loss of $18.2 million in Q3 2025, compared to a loss of $17.5 million in Q3 2024, driven by higher operational costs [5][30] - Operating revenues increased by 8.0% year-over-year to $144.3 million, with total operating expenses rising by 7.4% [27] Pipeline Segment - The pipeline segment reported net income of $16.8 million in Q3 2025, up from $15.1 million in Q3 2024, driven by revenue from growth projects and increased customer demand [10][32] - Operating revenues for the pipeline segment increased by 11.5% year-over-year to $57.4 million [31] Regulatory Updates - MDU Resources is actively involved in regulatory proceedings across multiple states, including rate case filings in Montana and Wyoming, seeking annual increases of $14.1 million and $7.5 million, respectively [9][30] - The North Dakota Public Service Commission approved the acquisition of a 49% interest in Badger Wind Farm, which is expected to enhance the company's renewable energy portfolio [4][9] Guidance and Future Outlook - The company narrowed its earnings guidance for 2025 to a range of $0.90 to $0.95 per share, reflecting a slight adjustment based on performance through Q3 [3][11] - MDU Resources anticipates continued customer growth at a rate of 1% to 2% annually, with ongoing capital investment and rate recovery plans [17][30]

Core Insights - Avanos Medical, Inc. reported strong third-quarter earnings with an EPS of $0.22, exceeding estimates of $0.12 and the Zacks Consensus Estimate of $0.16, marking a 37.5% earnings surprise [1][2] - The company's revenue for the quarter was $177.8 million, a 4.3% increase from $170.4 million a year ago, surpassing the estimated $164.5 million [1][3] Financial Performance - The reported EPS of $0.22 represents a decrease from the previous year's EPS of $0.36, indicating challenges in maintaining earnings growth [2] - Revenue exceeded the Zacks Consensus Estimate by 6.88%, demonstrating consistent outperformance over the past four quarters [3] Segment Performance - The Specialty Nutrition Systems segment experienced double-digit growth, bolstered by the acquisition of Nexus Medical, which is expected to enhance care in NICU and PICU settings [4][6] - The Pain Management and Recovery segment also showed strong performance despite a challenging tariff environment [4][6] Financial Ratios - The company has a price-to-earnings (P/E) ratio of approximately -1.05, indicating negative earnings, while the price-to-sales ratio is about 0.71 [5] - The enterprise value to sales ratio is approximately 0.80, and the debt-to-equity ratio is low at 0.17, suggesting conservative debt use [5] - A current ratio of 2.38 indicates strong liquidity, allowing the company to effectively cover its short-term liabilities [5]

Core Insights - National Fuel Gas (NFG) reported a revenue of $456.41 million for the quarter ended September 2025, reflecting a year-over-year increase of 22.7% [1] - The earnings per share (EPS) for the quarter was $1.22, up from $0.77 in the same quarter last year, resulting in an EPS surprise of +12.96% against the consensus estimate of $1.08 [1] - The reported revenue was below the Zacks Consensus Estimate of $547.21 million, resulting in a revenue surprise of -16.59% [1] Financial Performance Metrics - Total production for the quarter was 111,538.00 MMcfe, exceeding the average estimate of 108,291.90 MMcfe from two analysts [4] - Total operating revenues from Pipeline and Storage were $105.84 million, slightly above the average estimate of $104.7 million, marking a year-over-year increase of +1.2% [4] - Total operating revenues from Utility were $87.91 million, below the estimated $99.98 million, but still representing a +10% change compared to the previous year [4] - Revenue from external customers in Pipeline and Storage was $68.22 million, surpassing the average estimate of $66.99 million, with a year-over-year change of +1.3% [4] - Revenue from external customers in Utility was $87.83 million, lower than the average estimate of $99.95 million, but showing a +10% year-over-year change [4] - Intersegment revenues from Pipeline and Storage were reported at $37.62 million, close to the average estimate of $37.71 million, with a year-over-year change of +1.1% [4] Stock Performance - Shares of National Fuel Gas have returned -10% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Talos Energy reported $450.05 million in revenue for Q3 2025, an 11.6% year-over-year decline, with an EPS of -$0.19 compared to -$0.14 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $428.23 million by 5.1%, while the EPS surprise was 45.71% above the consensus estimate of -$0.35 [1] Financial Performance - Talos Energy's stock has returned -5.2% over the past month, contrasting with the Zacks S&P 500 composite's +1% change, and currently holds a Zacks Rank 3 (Hold) [3] - Total average net daily production was 95.2 million barrels of oil equivalent per day, surpassing the analyst estimate of 91.05 million barrels [4] - Average net daily production volumes for NGL, Oil, and Natural Gas were 5.8 million barrels, 66.6 million barrels, and 137 million cubic feet per day, respectively, with all figures exceeding analyst estimates [4] Revenue Breakdown - Oil revenue was reported at $400.21 million, exceeding the average estimate of $381.27 million, but reflecting a 14.4% year-over-year decline [4] - NGL revenue was $8.54 million, significantly lower than the average estimate of $11.99 million, marking a 45.8% year-over-year decline [4] - Natural gas revenue reached $41.31 million, surpassing the average estimate of $35.24 million, and showing a substantial year-over-year increase of 59.3% [4]

Core Insights - FS KKR Capital reported a revenue of $373 million for the quarter ended September 2025, reflecting a year-over-year decline of 15.4% and an EPS of $0.57, down from $0.74 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $376.07 million, resulting in a surprise of -0.82% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.57 [1] Financial Performance Metrics - Investment income from fee income was reported at $4 million, significantly below the average estimate of $9.82 million, marking an 81% year-over-year decline [4] - Investment income from dividend and other income was $84 million, exceeding the average estimate of $74.61 million, representing a year-over-year increase of 31.3% [4] - Paid-in-kind interest income was reported at $54 million, compared to the average estimate of $49.79 million, reflecting an 18.2% year-over-year decline [4] - Interest income was $231 million, slightly below the average estimate of $239.33 million, indicating a year-over-year decrease of 20.3% [4] Stock Performance - FS KKR Capital shares have returned +2.8% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - Energy Transfer LP (ET) reported a revenue of $19.95 billion for the quarter ended September 2025, reflecting a decrease of 3.9% year-over-year and a significant miss of 12.9% compared to the Zacks Consensus Estimate of $22.91 billion [1] - The earnings per share (EPS) for the quarter was $0.28, down from $0.32 in the same quarter last year, resulting in an EPS surprise of -15.15% against the consensus estimate of $0.33 [1] Financial Performance Metrics - Gathered volumes in the midstream segment were reported at 21,581.00 BBtu/D, exceeding the two-analyst average estimate of 21,480.99 BBtu/D [4] - NGLs produced were 1,149 million barrels, slightly below the average estimate of 1,152.73 million barrels [4] - Equity NGLs stood at 67 million barrels, surpassing the average estimate of 64.62 million barrels [4] - NGL and refined products terminal volumes reached 1,660 million barrels, exceeding the average estimate of 1,543.19 million barrels [4] - NGL fractionation volumes were reported at 1,123 million barrels, below the average estimate of 1,158.2 million barrels [4] - Refined products transportation volumes were 601 million barrels, slightly above the average estimate of 589.13 million barrels [4] - NGL transportation volumes were 2,487 million barrels, exceeding the average estimate of 2,307.15 million barrels [4] Adjusted EBITDA Performance - Adjusted EBITDA for intrastate transportation and storage was $230 million, below the average estimate of $259.92 million [4] - Adjusted EBITDA for interstate transportation and storage was $431 million, compared to the average estimate of $479.4 million [4] - Adjusted EBITDA for crude oil transportation and services was $746 million, slightly below the average estimate of $755.57 million [4] - Adjusted EBITDA for NGL and refined products transportation and services was $1.05 billion, close to the average estimate of $1.06 billion [4] - Overall adjusted EBITDA for the midstream segment was $751 million, below the average estimate of $836.62 million [4] Stock Performance - Shares of Energy Transfer LP have returned -0.7% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Curtiss-Wright reported revenue of $869.17 million for the quarter ended September 2025, reflecting an 8.8% increase year-over-year, although it was a slight miss of 0.32% compared to the Zacks Consensus Estimate of $871.92 million [1] - The earnings per share (EPS) for the quarter was $3.40, up from $2.97 in the same quarter last year, surpassing the consensus estimate of $3.28 by 3.66% [1] Financial Performance - Adjusted Sales in Aerospace & Industrial reached $247.99 million, slightly above the estimated $247.75 million, marking an 8.5% increase from the previous year [4] - Adjusted Sales in Naval & Power were reported at $368.03 million, below the estimate of $377.42 million, but showed a 12.5% year-over-year increase [4] - Adjusted Sales in Defense Electronics amounted to $253.16 million, exceeding the average estimate of $247.19 million, with a year-over-year growth of 4.2% [4] Operating Income - Adjusted Operating Income for Naval & Power was $61.25 million, slightly below the estimate of $61.87 million [4] - Adjusted Operating Income for Defense Electronics was reported at $73.96 million, surpassing the average estimate of $64.25 million [4] - Adjusted Operating Income for Aerospace & Industrial was $46.01 million, above the estimate of $44.64 million [4] - Corporate and other reported an adjusted operating loss of $10.85 million, worse than the estimate of $7.49 million [4] Stock Performance - Curtiss-Wright's shares have returned 8.5% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Marqeta reported revenue of $163.31 million for the quarter ended September 2025, reflecting a year-over-year increase of 27.6% [1] - The earnings per share (EPS) was -$0.01, an improvement from -$0.06 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $148.97 million by 9.62%, while the EPS matched the consensus estimate of -$0.01 [1] Financial Performance Metrics - Total Processing Volume (TPV) reached $97.96 billion, surpassing the average estimate of $93.48 billion from two analysts [4] - Total platform services revenue was $155.77 million, exceeding the average estimate of $142.05 million, marking a 27.9% increase year-over-year [4] - Revenue from other services was $7.53 million, slightly above the estimated $7.37 million, representing a 22.1% year-over-year increase [4] Stock Performance - Marqeta's shares have declined by 11.3% over the past month, contrasting with a 1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]