1,673 material Form 8-K filings that 1,260 companies we cover made with the SEC in February 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Tennant Company reported fourth-quarter and full-year 2025 results with a fourth-quarter net loss of $4.4 million, tied to disruption from its North America ERP system go-live. Full-year 2025 net sales and adjusted EBITDA came in below the company's prior guidance ranges, and net income fell 47.7% from 2024. The company also forecast 2026 net sales of $1,240 million to $1,280 million and expects margins to improve gradually through the year, with a weaker first quarter.
Q4 2025 net sales were $291.6 million, down 11.3% from $328.9 million; net loss was $4.4 million, or $0.23 per diluted share, versus net income of $6.6 million a year earlier
Full-year 2025 net sales of $1,203.5 million fell below the $1.21 billion to $1.25 billion guidance range; adjusted EBITDA of $167.4 million fell below the $196 million to $209 million range
The company estimates the ERP disruption reduced Q4 2025 net sales by roughly $30 million and adjusted EBITDA by about $22 million
2026 guidance includes net sales of $1,240 million to $1,280 million and diluted EPS of $4.05 to $4.65; a two-week manufacturing shutdown in early January will significantly affect first-quarter sales and costs
Helix Energy Solutions Group reported fourth-quarter 2025 revenue of $334.2 million and net income of $8.3 million, or $0.06 per diluted share, both down from a year earlier. The quarter included an approximately $18.1 million non-cash impairment on the Thunder Hawk field, and full-year 2025 net income fell to $30.8 million from $55.6 million. The company ended 2025 with $445.2 million in cash and cash equivalents, but the filing gives no earnings guidance for 2026 and management expects the near-term market to continue at its current pace.
Q4 2025 revenue was $334.2 million, down from $355.1 million in Q4 2024 and $377.0 million in Q3 2025.
Q4 2025 net income was $8.3 million, or $0.06 per diluted share, versus $20.1 million, or $0.13, a year earlier, after an approximately $18.1 million pre-tax impairment.
Full-year 2025 net income was $30.8 million, or $0.21 per diluted share, versus $55.6 million, or $0.36, in 2024.
Full-year 2025 free cash flow was $120.4 million versus $163.2 million in 2024; cash and cash equivalents were $445.2 million at December 31, 2025.
Ovintiv reported full-year 2025 net earnings of $1.2 billion, or $4.78 per diluted share, up from $1.125 billion, or $4.21 per diluted share, in 2024. The company also authorized a share buyback program totaling $3.0 billion and said 2026 shareholder returns will be at least 75% of full-year Non-GAAP Free Cash Flow, which increases the share of cash returned to shareholders.
Full-year 2025 net earnings of $1.2 billion ($4.78 per diluted share), compared with $1.1 billion ($4.21) in 2024
Fourth-quarter 2025 net earnings of $946 million ($3.70 per diluted share)
Board authorized a share buyback program totaling $3.0 billion; buybacks expected to begin immediately
Quarterly dividend of $0.30 per share, payable March 31, 2026, to holders of record on March 13, 2026
BWX Technologies reported fourth-quarter 2025 revenue of $885.8 million, up 19% from a year earlier, and GAAP diluted EPS of $1.01 versus $0.77. Fourth-quarter operating income was roughly flat at $92.1 million, and free cash flow fell to $56.8 million from $224.4 million. The company also initiated 2026 guidance for non-GAAP EPS of $4.55-$4.70, compared with $4.01 reported for 2025.
Q4 2025 revenue was $885.8 million, up from $746.3 million; GAAP diluted EPS was $1.01 versus $0.77.
Full year 2025 revenue was $3,198.4 million, up 18%, and net income was $329.9 million; backlog ended the year at $7.3 billion, up 50%.
2026 guidance: non-GAAP EPS of $4.55-$4.70, adjusted EBITDA of $645 million-$660 million, free cash flow of $305 million-$320 million, and revenue of about $3.75 billion.
Board declared a quarterly dividend of $0.27 per share payable March 27, 2026, to holders of record on March 11, 2026.
Innovex reported fourth-quarter 2025 revenue of $274 million, up 14% from the prior quarter, but net income fell to $14 million from $39 million in the third quarter and $32 million a year earlier. The company guided first-quarter 2026 revenue to $225 million to $235 million and Adjusted EBITDA to $38 million to $42 million, both below its fourth-quarter results, citing lower subsea deliveries and seasonality.
Q4 2025 revenue of $274 million, up from $240 million in Q3 2025 and $251 million in Q4 2024
Q4 2025 net income of $14 million (5% margin) and diluted EPS of $0.20, versus $0.57 in Q3 2025
Q4 2025 Adjusted EBITDA of $52 million (19% margin); full-year 2025 free cash flow of $156 million
Q1 2026 guidance: revenue of $225 million to $235 million and Adjusted EBITDA of $38 million to $42 million
Innovative Industrial Properties reported fourth-quarter 2025 total revenues of $66.7 million, down 13.1% from $76.7 million a year earlier, driven mainly by lower rental revenue tied to tenant defaults. Q4 net income attributable to common stockholders fell to $30.7 million, or $1.06 per diluted share, from $39.5 million, or $1.36, and AFFO per diluted share fell to $1.88 from $2.22. For shareholders, the quarter shows lower earnings and cash flow measures, while the company says it has raised capital and resolved some tenant matters.
Q4 2025 total revenues were $66.7 million, versus $76.7 million in Q4 2024, a decrease of 13.1%.
Full-year 2025 revenues were $266.0 million, and net income attributable to common stockholders was $114.4 million, or $3.93 per diluted share.
A quarterly dividend of $1.90 per common share was paid on January 15, 2026.
Kratos reported fourth-quarter 2025 revenue of $345.1 million, up from $283.1 million a year earlier, and GAAP net income of $5.9 million, or $0.03 per share, versus $3.9 million. The company also issued its first 2026 base case guidance, with revenue of $1.595 billion to $1.675 billion and adjusted EBITDA of $157.0 million to $167.0 million, including the recently closed Nomad acquisition. Free cash flow used in operations was $125.4 million for full year 2025, which shareholders may weigh against the revenue growth.
Q4 2025 revenue $345.1 million, up 21.9% from $283.1 million; organic growth 20.0%
Q4 2025 GAAP net income $5.9 million ($0.03 per share) vs. $3.9 million; adjusted EPS $0.18 vs. $0.13
Full year 2025 revenue $1.347 billion; net income $22.0 million; free cash flow used $125.4 million
2026 base case guidance: revenue $1.595 billion to $1.675 billion; adjusted EBITDA $157.0 million to $167.0 million
Novanta reported fourth-quarter and full-year 2025 results on February 23, 2026, with quarterly GAAP revenue up 9% and adjusted diluted EPS up 20%. Full-year GAAP diluted EPS fell to $1.47 from $1.77, and operating cash flow declined sharply, while the company issued 2026 revenue guidance of $1,030 million to $1,050 million.
Q4 2025 GAAP revenue was $258.3 million, up 9%, while GAAP diluted EPS was $0.45 versus $0.46 a year earlier.
Q4 2025 adjusted diluted EPS was $0.91, up 20%; operating cash flow was $8.8 million versus $61.6 million.
Full-year 2025 GAAP revenue was $980.6 million, up 3.3%, and GAAP diluted EPS was $1.47 versus $1.77.
2026 guidance: GAAP revenue of $1,030 million to $1,050 million and adjusted diluted EPS of $3.50 to $3.65.
Primoris Services reported fourth-quarter and full-year 2025 results on February 23, 2026. Full-year revenue and net income rose, but fourth-quarter net income fell 4.1% on higher costs on certain renewables projects and lower storm restoration work. The company expects 2026 GAAP earnings of $5.35 to $5.55 per diluted share and declared a $0.08 quarterly dividend.
Full-year 2025 revenue was $7.6 billion, up 19.0%, and net income was $274.9 million, or $5.02 per diluted share, up 52.0%.
Fourth-quarter 2025 net income was $51.8 million, or $0.95 per diluted share, down 4.1%, while revenue was $1.9 billion, up 6.7%.
2026 outlook: EPS of $5.35 to $5.55 per diluted share; adjusted EPS of $5.80 to $6.00.
Board declared a $0.08 per share cash dividend, with a record date of March 31, 2026, payable on or about April 15, 2026.
Atlas Energy Solutions reported fourth-quarter and full-year 2025 results, with revenue up 3.7% to $1.1 billion but a net loss of $50.3 million, compared with net income of $59.9 million in 2024. Adjusted EBITDA fell to $221.7 million from $288.9 million, and the company expects first-quarter 2026 EBITDA to be flat with the fourth quarter, which shareholders will weigh against the full-year swing to a loss.
Full-year 2025 revenue was $1.1 billion, up $39.4 million, or 3.7%, from 2024; net loss was $(50.3) million versus net income of $59.9 million in 2024.
Fourth-quarter 2025 revenue was $249.4 million, down 3.9% from the third quarter, with a net loss of $(22.2) million and Adjusted EBITDA of $36.7 million.
Q1 2026 guidance: EBITDA expected to be flat with fourth-quarter results, reflecting lower realized sand pricing and about $6 million of weather impact in January.
Company is targeting approximately 500 MW of power generation capacity deployed in 2027; total liquidity was $108.5 million as of December 31, 2025.
Quaker Chemical reported fourth-quarter 2025 net sales of $468.5 million, up 6%, and net income of $20.7 million, or $1.18 per diluted share, versus $0.81 a year earlier. For the full year, the company posted a net loss of $2.5 million, or $0.14 per share, compared with net income of $116.6 million in 2024, after an $88.8 million impairment charge and $35.1 million of restructuring charges. Management expects end markets to remain at similar levels through the first half of 2026 and says it is confident in revenue and adjusted EBITDA growth in 2026, but the filing gives no numeric guidance.
Q4 2025 net sales were $468.5 million, up from $444.1 million; net income was $20.7 million, or $1.18 per diluted share, versus $0.81 a year earlier.
Full-year 2025 net loss of $2.5 million ($0.14 per diluted share) compared with net income of $116.6 million in 2024, including an $88.8 million impairment charge.
Q4 adjusted EBITDA rose 11% to $71.9 million; full-year non-GAAP EPS was $7.02 versus $7.44.
Operating cash flow was $136.5 million in 2025 versus $204.6 million in 2024; net debt was $691.4 million at December 31, 2025.
HealthStream reported record fourth-quarter 2025 revenue of $79.7 million, up 7.4%, but GAAP net income fell 48.1% to $2.5 million, mainly due to a $3.8 million charge tied to its CEO's stock contribution. The company also gave 2026 guidance of $323.0 million to $330.0 million in revenue and declared a quarterly dividend of $0.035 per share, up 12.9%.
Q4 2025 revenue $79.7 million, up 7.4% from $74.2 million; GAAP operating income $2.4 million, down 48.8%
$3.8 million charge from the CEO Stock Gift; GAAP diluted EPS $0.09 vs. $0.16 a year earlier, and non-GAAP diluted EPS $0.18
2026 guidance: revenue $323.0 million to $330.0 million; net income $20.4 million to $22.8 million
Quarterly dividend of $0.035 per share, up from $0.031, payable March 20, 2026 to holders of record on March 9, 2026
JBT Marel reported fourth quarter and full year 2025 results, with full year revenue of $3.8 billion and a loss from continuing operations of $50 million, compared with income of $84.6 million in 2024. The company also issued 2026 guidance calling for revenue of $3,990 million to $4,065 million and adjusted EPS of $8.00 to $8.50, which matters to shareholders because the 2025 GAAP loss was driven by a $147 million pension settlement charge and $115 million in M&A costs, while adjusted EPS rose to $6.41 from $6.15.
Full year 2025 revenue was $3.8 billion, up from $1.7 billion in 2024, and fourth quarter revenue was $1,008.0 million versus $467.6 million a year earlier.
Full year 2025 diluted loss per share from continuing operations was $0.96, compared with diluted earnings of $2.63 in 2024; adjusted EPS was $6.41 versus $6.15.
Full year 2026 guidance: revenue of $3,990 million to $4,065 million, GAAP EPS of $4.70 to $5.15, and adjusted EBITDA of $675 million to $710 million.
Full year 2025 free cash flow was $250 million, and net debt to trailing twelve months adjusted EBITDA was 2.9x; an Investor Day is scheduled for March 26, 2026.
Brighthouse Financial reported fourth-quarter 2025 net income available to shareholders of $112 million, or $1.93 per diluted share, down from $646 million, or $10.79 per diluted share, a year earlier. Adjusted earnings, less notable items, were $227 million, or $3.93 per diluted share, compared with $352 million, or $5.88 per diluted share, in the fourth quarter of 2024. The company is being acquired by Aquarian Capital for $70.00 per share in cash, and shareholders approved the merger on February 12, 2026.
Q4 2025 net income available to shareholders was $112 million ($1.93 per diluted share), versus $646 million ($10.79) in Q4 2024
Q4 2025 adjusted earnings were $214 million ($3.70 per diluted share), versus $304 million ($5.07) in Q4 2024
Full-year 2025 net income available to shareholders was $331 million ($5.71 per diluted share), up from $286 million ($4.64) in 2024
Full-year 2025 adjusted earnings, less notable items, were $931 million ($16.07 per diluted share), down from $1,209 million ($19.63) in 2024
ONEOK reported full-year 2025 net income attributable to ONEOK of $3.39 billion, up 12%, and adjusted EBITDA of $8.02 billion, up 18%. The company also issued 2026 guidance with a diluted EPS midpoint of $5.45, compared with $5.42 for 2025, and fourth-quarter 2025 net income slipped to $978 million from $1.00 billion.
Full-year 2025 diluted EPS was $5.42, versus $5.17 in 2024; fourth-quarter diluted EPS was $1.55, versus $1.57 a year earlier.
2026 guidance midpoints: net income $3.45 billion, diluted EPS $5.45 (range $5.04 to $5.87) and adjusted EBITDA $8.1 billion.
Total 2026 capital expenditures are expected to range from $2.7 billion to $3.2 billion.
In January 2026, ONEOK raised its quarterly dividend 4% to $1.07 per share.
UFP Industries reported fourth-quarter 2025 net sales of $1.33 billion, down 9 percent from a year earlier, with diluted earnings per share of $0.70 against $1.12. The company said demand remains soft and expects 2026 overall demand to be flat to slightly down in each segment, so lower sales and profit are the key shareholder takeaway.
Q4 net sales $1.33 billion, down 9 percent, driven by a 7 percent decline in organic units and a 2 percent price decrease
Diluted EPS $0.70 vs $1.12; net earnings attributable to controlling interests $40 million vs $68 million
Adjusted EBITDA $107.2 million, or 8.1 percent of net sales, vs 9.1 percent a year ago
Quarterly dividend increased to $0.36 per share, payable March 16, 2026; 2025 share repurchases of nearly $450 million
Clearway Energy reported full-year 2025 revenue of $1,429 million, up from $1,371 million, and Adjusted EBITDA of $1,217 million, up from $1,146 million. Its consolidated net loss widened to $231 million from $63 million, although net income attributable to the company rose to $169 million, or $1.43 per share, from $88 million, or $0.75 per share. The company reaffirmed its 2026 CAFD guidance of $470 million to $510 million.
Full-year 2025 revenue was $1,429 million versus $1,371 million in 2024; Adjusted EBITDA was $1,217 million versus $1,146 million.
Net loss was $231 million versus $63 million in 2024, while net income attributable to Clearway Energy was $169 million, or $1.43 per share, versus $88 million, or $0.75 per share.
Cash Available for Distribution (CAFD) was $430 million versus $425 million in 2024; 2026 CAFD guidance of $470 million to $510 million was reaffirmed.
Total liquidity was $1,061 million at December 31, 2025, down $269 million from 2024; the company closed $600 million of 2034 senior notes in January 2026.
Erie Indemnity reported fourth-quarter 2025 net income of $63.4 million, or $1.21 per diluted share, down from $152.0 million, or $2.91, a year earlier. Full-year 2025 net income was $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024. Total operating revenue rose in both periods, but the company's $100 million charitable contribution to the Erie Insurance Foundation reduced net income by $80.6 million after tax, or $1.54 per diluted share.
Q4 2025 net income $63.4 million, or $1.21 per diluted share, versus $152.0 million, or $2.91, in Q4 2024
Full-year 2025 net income $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024
Total operating revenue $951.0 million in Q4 2025 versus $924.1 million in Q4 2024
Board approved dividend No. 383 of $1.4625 per Class A share, payable April 21, 2026 to holders of record April 7, 2026
Boise Cascade reported fourth quarter 2025 net income of $8.7 million, or $0.24 per diluted share, on sales of $1.5 billion, down from $68.9 million, or $1.78 per share, a year earlier. For full year 2025, net income fell 65% to $132.8 million, or $3.53 per share, as sales declined 5% to $6.4 billion. The company also said CEO Nate Jorgensen plans to retire and that Jeff will succeed him, a leadership change shareholders will track.
Fourth quarter net income was $8.7 million, or $0.24 per diluted share, versus $68.9 million, or $1.78 per share, in fourth quarter 2024.
Full year 2025 net income was $132.8 million, or $3.53 per share, versus $376.4 million, or $9.57 per share, in 2024.
A legal proceedings accrual in the Building Materials Distribution segment reduced fourth quarter and full year earnings by approximately $6 million, or $0.16 per share after tax.
CEO Nate Jorgensen is retiring, and Jeff is set to become CEO.
Addus HomeCare reported fourth quarter 2025 net service revenues of $373.1 million, up 25.6% from a year earlier, and net income of $29.8 million, or $1.61 per diluted share, versus $1.07 a year earlier. For the full year, revenue rose 23.2% to $1.42 billion and net income per diluted share was $5.22 compared with $4.23.
Q4 2025 net income per diluted share was $1.61 versus $1.07 in Q4 2024; adjusted EPS was $1.77 versus $1.38.
Full-year 2025 net service revenues were $1.42 billion, up 23.2%, and adjusted EBITDA was $180.0 million, up 28.3%.
Cash at December 31, 2025 was $81.6 million and bank debt was $124.3 million; the company paid down debt in 2025 and completed three acquisitions.
Texas personal care rate increase of 9.9% took effect September 1, 2025; Illinois announced a 3.9% increase starting January 1, 2026.
Apple Hospitality REIT reported fourth quarter and full year 2025 results on February 23, 2026. For the full year, net income fell 18.1% to $175.4 million and net income per share fell 16.9% to $0.74, while Comparable Hotels RevPAR declined 1.6%. The company's 2026 guidance calls for net income of $133 million to $160 million, a range below the 2025 result, and a Comparable Hotels RevPAR change of negative 1.00% to positive 1.00%.
Full year 2025 net income was $175.4 million, down 18.1% from $214.1 million in 2024; net income per share was $0.74, down 16.9%.
Fourth quarter 2025 net income was $29.6 million, down 0.7%, while net income per share was $0.13, up 8.3%.
Fourth quarter 2025 Comparable Hotels Adjusted Hotel EBITDA was $99.2 million, down 8.4%; full year Adjusted EBITDAre was $443.6 million, down 5.1%.
2026 guidance includes net income of $133 million to $160 million and Adjusted EBITDAre of $424 million to $447 million; preliminary January 2026 Comparable Hotels RevPAR declined approximately 1.5%.
Adeia reported record fourth-quarter 2025 revenue of $182.6 million, up from $119.2 million a year earlier, and full-year 2025 revenue of $443.4 million, up from $376.0 million. Its 2026 outlook calls for revenue of $395.0 million to $435.0 million and GAAP net income of $57.2 million to $80.4 million, both below the 2025 actual results of $443.4 million and $111.1 million.
Q4 2025 GAAP diluted EPS was $0.65, versus $0.32 in Q4 2024; non-GAAP diluted EPS was $0.86.
Full-year 2025 GAAP net income was $111.1 million and adjusted EBITDA was $277.6 million.
2026 guidance: revenue $395.0 million to $435.0 million; GAAP net income $57.2 million to $80.4 million; adjusted EBITDA $213.4 million to $245.4 million.
A long-term license agreement with Disney was signed in Q4 2025, resolving all outstanding litigation.
Genworth Financial reported fourth-quarter 2025 net income available to common stockholders of $2 million, or $0 per diluted share, down from $116 million in the third quarter and a $1 million loss a year earlier. For full-year 2025, net income was $223 million, or $0.54 per diluted share, compared with $299 million in 2024, and adjusted operating income was $144 million, or $0.35 per diluted share, versus $273 million in 2024, which lowers per-share earnings for shareholders.
Q4 2025 adjusted operating income was $8 million, or $0.02 per diluted share, versus $17 million in Q3 2025 and $15 million in Q4 2024.
Q4 2025 total revenues were $1,784 million, compared with $1,782 million a year earlier and $1,935 million in Q3 2025.
Closed Block adjusted operating loss was $114 million in Q4 2025, up from $96 million in Q3 2025, with the long-term care insurance loss at $159 million.
Enact reported Q4 2025 adjusted operating income of $146 million; in February 2026, Enact announced a share repurchase program of up to $500 million.
Allison Transmission reported fourth quarter 2025 net sales of $737 million, down $59 million year over year, and net income of $99 million, down from $175 million. For full year 2025, net sales were $3.01 billion and net income was $623 million, both lower than 2024. The company also issued 2026 guidance that includes the Dana Off-Highway business, which it acquired on January 1, 2026.
Q4 2025 diluted EPS was $1.18, compared with $2.01 in Q4 2024; net income included a $29 million impairment loss and $26 million of acquisition-related expenses.
Full year 2025 diluted EPS was $7.33, compared with $8.31 in 2024; full year net sales were $3,010 million, down $215 million.
2026 guidance: consolidated net income of $600 million to $750 million and Adjusted EBITDA of $1,365 million to $1,515 million, subject to completion of purchase price accounting.
Full year 2025 repurchases totaled $328 million of common stock, representing 4 percent of outstanding shares.
Keysight reported first-quarter fiscal 2026 revenue of $1.60 billion, up from $1.30 billion a year earlier, and GAAP net income of $281 million, or $1.63 per diluted share, versus $0.97 a year ago. The company also gave an outlook for second-quarter revenue of $1.690 billion to $1.710 billion and non-GAAP earnings per share of $2.27 to $2.33, which excludes any effect from the February 20, 2026 Supreme Court ruling on IEEPA tariffs.
Revenue was $1.60 billion versus $1.30 billion in the first quarter of 2025; Communications Solutions Group revenue rose 27% to $1,124 million.
GAAP net income was $281 million, or $1.63 per diluted share, versus $169 million, or $0.97, a year earlier; non-GAAP net income was $376 million, or $2.17 per share, versus $1.82.
Second-quarter fiscal 2026 outlook calls for revenue of $1.690 billion to $1.710 billion and non-GAAP EPS of $2.27 to $2.33 on about 173 million diluted shares.
BioMarin reported fourth-quarter 2025 revenue of $875 million, up 17% from a year earlier, but swung to a GAAP net loss of $47 million after about $240 million in charges tied to its decision to withdraw ROCTAVIAN from the market. The company guided 2026 total revenue to $3.325 billion to $3.425 billion and non-GAAP diluted EPS to $4.95 to $5.15, excluding the pending Amicus Therapeutics acquisition, which is expected to close in the second quarter of 2026.
Q4 2025 total revenue was $875 million, up 17%; VOXZOGO revenue rose 31% to $273 million.
Q4 2025 GAAP net loss was $47 million, or $(0.24) per diluted share, compared with net income of $125 million in Q4 2024.
2026 guidance: total revenue of $3.325 billion to $3.425 billion and non-GAAP diluted EPS of $4.95 to $5.15, versus $3.15 for 2025.
Full-year 2025 GAAP diluted EPS was $1.80, down from $2.21 in 2024; guidance excludes any contribution from Amicus, expected to close in Q2 2026.
Hims & Hers reported fourth-quarter and full-year 2025 results, with revenue up 59% for the year to $2.35 billion and full-year net income of $128.4 million. Fourth-quarter net income fell from $26.0 million a year earlier, and gross margin dropped to 72% from 77%. The company guided to 2026 revenue of $2.7 billion to $2.9 billion and Adjusted EBITDA of $300 million to $375 million, excluding the proposed Eucalyptus acquisition.
Q4 2025 revenue was $617.8 million, up 28% from $481.1 million; full-year revenue was $2.35 billion, up 59%.
Q4 2025 net income was $20.6 million versus $26.0 million in Q4 2024; full-year net income was $128.4 million versus $126.0 million.
Full-year 2025 Adjusted EBITDA was $318.0 million versus $176.9 million in 2024; Q4 free cash flow was $(2.6) million versus $59.5 million.
2026 guidance: first-quarter revenue of $600 million to $625 million and full-year revenue of $2.7 billion to $2.9 billion; guidance excludes the proposed Eucalyptus acquisition, expected to close mid-2026.
V2X reported fourth-quarter and full-year 2025 results and established full-year 2026 guidance. Revenue and adjusted diluted EPS rose, while fourth-quarter GAAP net income and diluted EPS fell from a year earlier.
Q4 2025 revenue of $1.22 billion, up 5% year-over-year; Q4 net income was $22.8 million versus $25.0 million a year earlier
Q4 adjusted diluted EPS of $1.56, up 17% year-over-year; GAAP diluted EPS was $0.72 versus $0.78
Full-year 2025 revenue of $4.48 billion, up 4%; net income of $77.9 million versus $34.7 million in 2024
2026 guidance: revenue of $4.675 billion to $4.825 billion and adjusted diluted EPS of $5.50 to $5.90
Diamondback Energy reported a fourth-quarter 2025 net loss attributable to the company of $1,458 million, driven by a $3,652 million impairment of oil and natural gas properties, compared with net income of $1,074 million a year earlier. The company raised its annual base dividend 5% to $4.20 per share and gave 2026 guidance of 500 to 510 MBO/d of oil production and $3.6 billion to $3.9 billion of total capital expenditures. The dividend increase benefits shareholders, while the reported loss and impairment weigh on reported results.
Q4 2025 net loss attributable to Diamondback of $1,458 million, or $5.11 per diluted share, versus net income of $1,074 million, or $3.67 per share, in Q4 2024.
Impairment of oil and natural gas properties of $3,652 million in Q4 2025, compared with none in Q4 2024.
Adjusted net income of $499 million, or $1.74 per diluted share, for Q4 2025.
Annual base dividend increased 5% to $4.20 per share; Q4 2025 base dividend of $1.05 per share is payable March 12, 2026.
Viper Energy reported a fourth-quarter 2025 net loss attributable to Viper of $103 million, or $0.61 per Class A share, compared with net income of $210 million a year earlier. Total operating income rose to $435 million from $229 million, but a $408 million non-cash impairment drove the loss. The company also raised its annual base dividend 15% to $1.52 per share and increased its share repurchase authorization by $1.0 billion.
Q4 2025 total operating income was $435 million, up from $229 million in Q4 2024; net loss attributable to Viper was $103 million, versus $210 million of net income a year earlier.
The $408 million impairment relates to properties acquired from Diamondback in the May 1, 2025 drop down transaction, recorded at Diamondback's historical carrying value.
Base dividend increases 15% to $1.52 per share annually, starting with the Q4 2025 dividend; Q4 2025 base dividend is $0.38 and variable dividend is $0.14 per share, payable March 12, 2026.
Share repurchase authorization increased by $1.0 billion; approximately $1.2 billion remains under the program.
Dream Finders Homes reported fourth quarter and full year 2025 results on February 23, 2026. Fourth quarter homebuilding revenues fell 24% and net income attributable to the company fell to $59 million from $129 million, while full year net sales rose 15% to 7,747 but full year net income fell to $217 million from $335 million. The company expects approximately 9,250 home closings for 2026, and shareholders will weigh that outlook against lower margins and profit.
Q4 2025 homebuilding revenues were $1.2 billion versus $1.5 billion in Q4 2024; net income attributable to DFH was $59 million ($0.60 basic per share) versus $129 million ($1.35).
Full year 2025 net income attributable to DFH was $217 million ($2.19 basic per share) versus $335 million ($3.44), while full year net sales rose 15% to 7,747.
Homebuilding gross margin was 16.7% in Q4 2025 versus 17.7% and 17.4% for the full year versus 18.3%.
The company initiated 2026 guidance of approximately 9,250 home closings.
Dominion Energy reported fourth-quarter 2025 GAAP net income of $567 million ($0.65 per share), up from $134 million ($0.14 per share) a year earlier, and operating earnings of $593 million ($0.68 per share) versus $504 million ($0.58 per share). The company set 2026 operating earnings guidance of $3.45 to $3.69 per share and extended its 5% to 7% long-term annual operating EPS growth target through 2030, which gives shareholders a higher earnings base and a forward outlook.
Q4 2025 GAAP net income was $567 million ($0.65 per share), versus $134 million ($0.14 per share) in Q4 2024.
Full-year 2025 GAAP EPS was $3.45 versus $2.33; operating EPS was $3.42 versus $2.77.
Q4 2025 operating revenue was $4,093 million, compared with $3,400 million in Q4 2024.
2026 operating EPS guidance is $3.45 to $3.69, midpoint $3.57, including $0.07 per share of RNG 45Z income.
Stepan reported fourth-quarter and full-year 2025 results and announced Project Catalyst, a plan it says is expected to deliver about $100 million in pre-tax savings over two years, including closing its Fieldsboro, NJ site. Full-year 2025 net income fell 7% to $46.9 million and adjusted earnings per diluted share fell 17% to $1.82, while net sales rose 7% to $2.33 billion. The company also declared a $0.395 quarterly dividend payable March 13, 2026.
Q4 2025 net income was $5.0 million, up 49%; adjusted net income was a $0.5 million loss versus $2.8 million of income a year earlier
Full-year 2025 adjusted EBITDA was $198.9 million, up 6%; net sales were $2.33 billion, up 7%
Project Catalyst is expected to deliver about $100 million in pre-tax savings over two years and includes closing the Fieldsboro, NJ site
Quarterly dividend of $0.395 per share is payable March 13, 2026, to holders of record on March 2, 2026
Easterly Government Properties reported fourth-quarter 2025 revenue of $87.0 million, up from $78.3 million a year earlier, but net income fell to $4.8 million ($0.10 per share) from $5.7 million ($0.13 per share). The company maintained its 2026 Core FFO per share guidance of $3.05 to $3.12 and declared a $0.45 per share dividend for the fourth quarter, payable March 19, 2026.
Q4 2025 revenue $87.0 million vs. $78.3 million in Q4 2024; net income $4.8 million, $0.10 per share, vs. $5.7 million, $0.13 per share
Q4 2025 Core FFO $36.8 million, or $0.77 per share on a fully diluted basis; full-year 2025 Core FFO $140.1 million, or $2.99 per share
2026 full-year Core FFO per share guidance maintained at $3.05 to $3.12
Quarterly cash dividend of $0.45 per common share, payable March 19, 2026, to holders of record on March 5, 2026
Freshpet reported fourth-quarter and full-year 2025 results, with net sales up 8.6% in the quarter and 13.0% for the year, and net income well above the prior year. The company also issued 2026 guidance calling for net sales growth of 7% to 10% and Adjusted EBITDA of $205 million to $215 million, compared with Adjusted EBITDA of $195.7 million in 2025.
Q4 2025 net sales were $285.2 million, up 8.6%, with diluted EPS of $0.64 versus $0.36 a year earlier.
Full-year 2025 net sales were $1,102.0 million, up 13.0%, and free cash flow was $12.4 million, compared with negative $32.8 million in 2024.
Full-year 2025 net income of $139.1 million included a $68.4 million income tax benefit from the release of a valuation allowance.
2026 guidance: net sales growth of 7% to 10%, Adjusted EBITDA of $205 million to $215 million, and capital expenditures of about $150 million.
Domino's Pizza reported fourth-quarter 2025 revenue of $1,535.7 million, up 6.4%, and diluted earnings per share of $5.35, up 9.4% from $4.89 a year earlier. For fiscal 2025, diluted EPS was $17.57 and free cash flow was $671.5 million, and the board raised the quarterly dividend 15% to $1.99 per share.
Q4 2025 income from operations rose 8.0% to $295.7 million; fiscal 2025 income from operations rose 8.5% to $954.0 million
U.S. Company-owned store gross margin fell 5.4 percentage points to 10.1%, which the company attributed mainly to higher insurance costs, higher labor rates and higher food basket pricing
Fiscal 2025 free cash flow rose 31.2% to $671.5 million; the company repurchased $354.7 million of stock during 2025, with $459.7 million remaining authorized
Board approved a $1.99 per share quarterly dividend, payable March 30, 2026 to shareholders of record as of March 13, 2026
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