Highlights CLAYTON, Mo., Jan. 29, 2026 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced financial results for the fourth quarter ended December 31, 2025. Fourth quarter 2025 reported net loss was ($85.7) million, or ($0.75) per diluted share, which compares to fourth quarter 2024 reported net income of $10.7 million, or $0.09 per diluted share. Fourth quarter 2025 adjusted EBITDA of $67.7 million excludes depreciation and amortization expense of $125.7 million and restructuring charges of $19.1 millio ...

Core Insights - Eagle Materials Inc. reported strong financial results for the third quarter of fiscal 2026, with revenue of $556 million, adjusted EBITDA of $190.1 million, and earnings per share (EPS) of $3.22, despite challenges in the residential construction market [1][2]. Financial Performance - Revenue for the third quarter increased by 11% in the Heavy Materials sector to $390.2 million, driven by higher sales volumes of Cement and Aggregates [1]. - Cement sales volume rose by 9% to 1.9 million tons, while organic Aggregates sales volume surged by 34% [1][2]. - Light Materials sector revenue decreased by 16% to $203.5 million, attributed to lower sales volumes and prices of Gypsum Wallboard and Recycled Paperboard [1][2]. Capital Structure and Shareholder Returns - The company issued $750 million in 10-year senior notes at a 5.00% interest rate, enhancing liquidity and extending debt maturity [1]. - Nearly $150 million was returned to shareholders through dividends and share repurchases, with approximately 648,000 shares repurchased [1][2]. Operational Efficiency and Investments - Eagle Materials is investing in modernizing its Cement and Gypsum Wallboard plants to improve operational efficiency and lower costs [1]. - The company reported a net leverage ratio of 1.8x, indicating substantial financial flexibility for future growth [1][2]. Segment Analysis - Heavy Materials segment operating earnings increased by 9% to $92.7 million, reflecting strong demand for Cement and Aggregates [1]. - Light Materials segment operating earnings decreased by 25% to $72.6 million due to lower sales volumes and pricing pressures [1][2]. Market Position - The company maintains a strong market position supported by federal, state, and local spending on public infrastructure projects, which has bolstered demand for its Heavy construction products [1][2].

Article content Adjusted Net Income Attributable to Kinder Morgan, Inc. (KMI) is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items. Adjusted Net Income Attributable to Kinder Morgan, Inc. is used by us, investors, and other external users of our financial statements as a supplemental measure that provides decision-useful information regarding our period-over-period performance and ability to generate earnings that are core to our ongoing operations. We believe the GAAP ...

Core Viewpoint - Morrisons reported a £381 million loss for the last year, primarily due to high borrowing costs and reduced consumer spending [1][2]. Financial Performance - The company's debt interest bill reached £281 million in 2025, hindering profitability efforts [2]. - Net debt decreased to £3.1 billion from £3.5 billion over the summer, marking a £33 million improvement year-on-year [3]. - Adjusted earnings, excluding interest costs and tax, amounted to £835 million [3]. - Yearly revenues increased by 3.2% to £15.8 billion, although like-for-like sales fell by 2.4% in the last three months of the financial year [7]. Market Position and Competition - Morrisons is facing challenges from competitors, with Lidl gaining market share, holding 8.1% compared to Morrisons' 8.3% as of November [11]. - The company is at risk of losing its position as the fifth largest supermarket in Britain [11]. Consumer Trends - The customer base is shifting, with more pensioners and less affluent shoppers, making them more sensitive to price changes [8]. - The overall grocery market has been declining towards the end of the financial year, influenced by inflation and budget uncertainties [7]. Management Commentary - The CEO described the period as "challenging" and urged the government to avoid imposing additional costs on retailers to help maintain lower prices [6][9][10]. - The company is focusing on addressing pricing, promotions, loyalty, and availability to improve its market position [12].

Core Insights - Gold Fields Limited (GFI) and Coeur Mining, Inc. (CDE) have distinct business models and asset portfolios that influence their competitive positions in the precious metals sector [1] Gold Fields Limited (GFI) - GFI is a globally diversified gold producer with large-scale, long-life assets across Africa, Australia, and the Americas, focusing on consistent production and disciplined cost management [2] - In Q3 2025, GFI's attributable gold output increased to approximately 621,000 ounces, a 22% year-over-year rise, driven by the Salares Norte mine [4] - The Salares Norte mine produced about 112,000 ounces in Q3 2025, marking a 53% increase from the previous quarter [5] - GFI realized an average gold price of roughly $3,468 per ounce, with all-in sustaining costs reduced to about $1,557 per ounce, leading to expanded margins [5] - The Tarkwa mine in Ghana produced around 123,000 ounces in Q3 2025 and has historically produced over 500,000 ounces annually [6] - GFI's dividend yield is approximately 1.60%, with a 5-year annualized dividend growth of 17.51% [7] - As of September 2025, GFI's net debt was $791 million, down $696 million from the previous quarter, with a debt-to-capital ratio of 34.8% [8] Coeur Mining, Inc. (CDE) - CDE has a North American-centric portfolio, primarily focused on silver, with gold production increasing [3] - In Q3 2025, CDE's gold production reached 111,364 ounces, a 3% quarter-over-quarter and 17% year-over-year increase [9] - CDE realized an average gold price of $3,148 per ounce, contributing to margin expansion [9] - CDE is in the process of acquiring New Gold Inc., which would create one of the largest North American precious metals producers [10] - The combined entity is projected to produce approximately 900,000 ounces of gold and 20 million ounces of silver in 2026 [11] - CDE's cash and cash equivalents were around $266 million as of September 2025, with a debt-to-capital ratio of 10.5% [13] Price Performance & Valuation - GFI stock has increased by 227.4% year-to-date, while CDE has risen by 183.1% [14] - GFI is trading at a forward 12-month sales multiple of 5.87, compared to CDE's 3.85 [17] - The Zacks Consensus Estimate for GFI's fiscal 2025 sales implies an 81% year-over-year growth, while CDE's fiscal 2026 sales estimate suggests a 90% rise [19][22] Comparative Analysis - GFI benefits from a larger production base, producing over 2 million ounces of gold annually, while CDE has less diversity [24] - GFI's cost structure is more competitive, with lower all-in sustaining costs and wider operating margins supported by long-life assets [24] - GFI's reserve base is significantly higher, providing multi-year visibility and reduced replacement risk, while CDE faces more exposure to cost volatility and integration risks [24] - GFI is preferred for investors seeking stronger upside potential in the gold sector, holding a Zacks Rank of 1 (Strong Buy) compared to CDE's Zacks Rank of 3 (Hold) [25]

Company Profile & Portfolio - LPA's total portfolio Gross Leasable Area (GLA) reached 76 million sq ft as of September 30, 2025, including 60 million sq ft of operating GLA and 15 million sq ft of potential new GLA to be built-out [25, 26] - The operating portfolio's period-end occupancy rate was 979% [25] - US dollar-denominated leases accounted for 805% of the active leases as of September 30, 2025 [25] - The weighted average remaining lease life was 47 years [25] Financial Performance - For the three months ended September 30, 2025, rental revenues were $122 million [28] - Net Operating Income (NOI) for the same period was $104 million, with a NOI margin of 853% [28] - Cash Net Operating Income (Cash NOI) was $105 million [28] - Adjusted EBITDA for the three months ended September 30, 2025, was $73 million, representing a 567% margin [28] Capital Deployment & Land Portfolio - The fair market value (FMV) of the land portfolio as of September 30, 2025, was $398 million [69] - The total buildable area in the land portfolio was 1531326 sq ft [69]

Financial Performance - Telecom Argentina's 9M25 adjusted EBITDA reached US$41 billion, a 73% increase compared to 9M24[12] - The company's 9M25 revenues showed an EBITDA margin of 305%, compared to 288% in 9M24[12] - Service revenues increased by 5% to P$3,860 million in 9M25, compared to P$3,679560 million in 9M24[24] - The company's 9M25 CAPEX was US$615 million, focused on mobile and FTTH network deployment[12] - Free cash flow generation for 9M25 was US$402 million[76] Operational Highlights - The company has a leading position in the market with 32 million Pay TV subscribers and 203 million Mobile subscribers[13] - Broadband subscribers increased to 41 million[14] - Personal Pay onboarded approximately 44 million clients[14] - Mobile ARPU increased by 10% for TEO and 5% for TMA[26] - Broadband ARPU increased by 3% for TEO and 14% for TMA[26] - Pay TV ARPU increased by 2% for TEO and 19% for TMA[26] Debt and Leverage - Net debt to estimated proforma EBITDA LTM9M25 was 19x[12] - Total funds raised in 2025 amounted to US$27 billion[92]

Core Insights - Granite Ridge Resources, Inc. reported strong financial and operational results for Q3 2025, highlighting disciplined growth and operational excellence across its diversified portfolio [4][6][7]. Financial Performance - Daily production increased by 27% to 31,925 barrels of oil equivalent (Boe) per day, with oil comprising 51% of the total production [7][10]. - Net income for the quarter was $14.5 million, or $0.11 per diluted share, compared to $9.1 million, or $0.07 per diluted share, in the same period last year [7][8]. - Adjusted Net Income (non-GAAP) was $11.8 million, or $0.09 per diluted share [7][8]. - Adjusted EBITDAX (non-GAAP) totaled $78.6 million, up from $75.4 million in Q3 2024 [9][48]. - Oil and natural gas sales reached $112.7 million for the quarter [8][39]. Production and Operational Highlights - Oil production volumes averaged 16,222 barrels per day, a 28% increase from Q3 2024, while natural gas production totaled 94,217 thousand cubic feet per day, a 25% increase [10][39]. - The company placed 9.3 net wells online during the quarter, compared to 5.2 net wells in Q3 2024 [13][39]. - Capital expenditures for the quarter were $80.5 million, with $64.0 million allocated to development and $16.5 million to acquisitions [13][39]. Cost and Expenses - Lease operating expenses were $23.6 million, or $8.03 per Boe, compared to $13.0 million, or $5.62 per Boe, in the same period last year [12][39]. - General and administrative expenses totaled $7.0 million, or $2.38 per Boe, including nonrecurring severance and stock-based compensation [12][39]. Liquidity and Capital Resources - As of September 30, 2025, the company had $300.0 million in debt and $86.5 million in liquidity [16][17]. - The company issued $350.0 million in senior unsecured notes with a maturity date of November 5, 2029, to enhance liquidity and repay existing debt [17][18]. Future Outlook - The company is well-positioned for growth in 2026, with a focus on operational partnerships and a strong non-operated portfolio [5][6]. - Guidance for 2025 includes annual production of 31,000 - 33,000 Boe per day and total capital expenditures of $400 - $420 million [20].

Core Insights - Loma Negra reported a net loss of Ps. 8.6 billion in 3Q25, a significant decline from a net profit of Ps. 27.9 billion in the same period last year, primarily due to lower operational performance and a decrease in financial results [35][36] - The company experienced a 12.1% year-over-year decline in net revenue, totaling Ps. 209.3 billion, largely attributed to a 13.2% decrease in the Cement segment [17][8] - Adjusted EBITDA decreased by 23.7% year-over-year to Ps. 43.5 billion, with a margin contraction of 315 basis points to 20.8% [27][28] Financial Performance - Net revenue for 3Q25 was Ps. 209,272 million, down from Ps. 238,067 million in 3Q24, reflecting a decline in the Cement segment [17][8] - Gross profit fell by 32.5% to Ps. 36,261 million, with a gross profit margin of 17.3%, down from 22.6% in the previous year [24][6] - The company reported a net loss attributable to owners of Ps. 8.5 billion, with a loss per share of Ps. 14.5122 compared to a gain of Ps. 47.2609 in 3Q24 [36][9] Operational Highlights - Cement, masonry, and lime sales volumes decreased by 5.4% year-over-year to 1.37 million tons, despite a sequential increase of 12.8% [11][12] - The concrete segment saw a volume increase of 37.8% year-over-year, driven by private developments and public infrastructure projects [13] - The aggregates segment also experienced a 26.3% year-over-year volume increase, supported by road construction and railroad projects [20] Debt and Capitalization - Total debt as of September 30, 2025, was Ps. 396.7 billion, with a net debt to LTM adjusted EBITDA ratio of 1.49x, up from 0.89x at the end of 2024 [37][38] - The company issued a Class 5 corporate bond for US$113 million in July 2025, aimed at refinancing upcoming maturities [39][38] - Cash and cash equivalents increased to Ps. 115.2 billion compared to Ps. 18.1 billion in the previous year [37] Cash Flow Analysis - Net cash generated from operating activities was Ps. 31.9 billion, down from Ps. 83.8 billion in 3Q24, reflecting higher working capital needs [40][41] - Cash used in investing activities totaled Ps. 61.9 billion, primarily due to short-term allocations from the bond issuance [42] - Financing activities generated Ps. 74.3 billion, mainly from the bond issuance, net of repayments [42]

Core Insights - W&T Offshore, Inc. reported a net loss of $71.5 million for Q3 2025, significantly impacted by a non-cash valuation allowance against deferred tax assets [4][13] - The company declared a fourth quarter 2025 dividend of $0.01 per share, continuing its commitment to return value to shareholders [4][18] - Production increased by 6% quarter-over-quarter to 35.6 MBoe/d, driven by the integration of new fields from the Cox acquisition [2][4] Financial Performance - Revenues for Q3 2025 were $127.5 million, a 4% increase from Q2 2025, primarily due to higher production volumes [4][5] - Adjusted EBITDA grew by 11% quarter-over-quarter to $39.0 million [4] - Average realized price per Boe decreased by 2% from Q2 2025 to $38.33 per Boe [3][4] Production and Costs - Production for Q3 2025 consisted of 14.3 MBbl/d of oil, 3.1 MBbl/d of NGLs, and 111.6 MMcf/d of natural gas [2] - Lease operating expenses (LOE) per Boe decreased by 8% to $23.27, despite an absolute cost of $76.2 million [4][6] - Gathering, transportation costs, and production taxes totaled $5.8 million, slightly higher than Q2 2025 [7] Balance Sheet and Liquidity - As of September 30, 2025, the company had $124.8 million in unrestricted cash and total debt of $350.4 million, with net debt decreasing by $58.6 million from the end of 2024 [14][15] - The net debt to trailing twelve months Adjusted EBITDA ratio was 1.6x [15] Capital Expenditures and Guidance - Capital expenditures for Q3 2025 were $22.5 million, with a revised full-year guidance of $57 million to $63 million [16][17] - The company expects to lower gathering, transportation, and production taxes guidance for the full year 2025 to $24.0 – $26.0 million [20] Operational Updates - W&T performed five low-cost workovers and three recompletions in Q3 2025, positively impacting production and revenue [19] - The company plans to continue low-cost operations that enhance production and revenue [19]