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).
CareTrust REIT entered a new equity distribution agreement allowing it to sell up to $1,000,000,000 of common stock through a group of sales agents and forward purchasers. The company replaced its prior at-the-market program dated January 21, 2025, and says proceeds would go to its operating partnership for general corporate purposes, including acquisitions and debt repayment. Because new shares would add to the outstanding share count, the program could dilute existing shareholders, though the filing does not state when or whether shares will be sold.
New February 2026 ATM Program covers up to $1,000,000,000 of common stock, $0.01 par value.
Sales agents receive commissions of up to 2.0% of gross sale prices; forward purchasers receive up to 2.0% of the related volume-weighted average price.
Prior program was terminated; $367.0 million of shares remain subject to outstanding forward sale agreements.
Shares are issued under a Form S-3 shelf registration filed February 17, 2026.
Hormel Foods reported preliminary first-quarter fiscal 2026 results, expecting net sales of about $3 billion, 2% organic net sales growth and diluted EPS of $0.33 (adjusted $0.34). The company reaffirmed its fiscal 2026 organic net sales and adjusted EPS guidance and agreed to sell its whole-bird turkey business to Life-Science Innovations, which it expects to close by the end of its second fiscal quarter. The company estimates minimal impact from the sale on fiscal 2026 net sales and adjusted EPS guidance.
Preliminary Q1 fiscal 2026 net sales of about $3 billion, with 2% organic net sales growth; the company says this is its fifth consecutive quarter of year-over-year organic growth
Preliminary Q1 diluted EPS of $0.33 and adjusted diluted EPS of $0.34
Fiscal 2026 organic net sales and adjusted diluted EPS guidance reaffirmed
Definitive agreement to sell whole-bird turkey business to Life-Science Innovations; expected to close by end of fiscal Q2 2026, with financial terms not disclosed
OGE Energy reported full-year 2025 net income of $470.7 million, or $2.32 per diluted share, up from $2.19 in 2024, and gave 2026 consolidated EPS guidance of $2.38 to $2.48, with a $2.43 midpoint. Fourth-quarter 2025 earnings fell to $0.34 per diluted share from $0.50, and the Board approved a $0.425 per share second-quarter dividend.
2025 net income was $470.7 million, or $2.32 per diluted share, versus $441.5 million, or $2.19, in 2024.
Fourth-quarter 2025 net income was $69.2 million, or $0.34 per diluted share, versus $101.9 million, or $0.50, a year earlier; the filing cites a prior-year interim rate order recognized in Q4 2024.
2026 guidance: $2.38 to $2.48 per diluted share, midpoint $2.43, with targeted annual EPS growth of 5% to 7% from the midpoint.
Board approved a second-quarter dividend of $0.425 per share, payable April 24, 2026, to holders of record on April 6, 2026.
Leidos amended and restated its credit agreement on February 12, 2026, increasing its revolving credit facility from $1.0 billion to $1.5 billion and extending its maturity to five years after the effective date. The company also lowered the unused commitment fee range and removed a 0.10% credit spread adjustment, while no revolver borrowings were outstanding at signing.
Revolving credit facility commitments increased from $1.0 billion to $1.5 billion
Revolver maturity extended to five years after the February 12, 2026 Restatement Effective Date
Unused commitment fee reduced to 0.08% to 0.20% per annum from 0.09% to 0.25%
No borrowings were outstanding under the revolver as of the effective date; term loan terms unchanged
On February 12, 2026, underwriters partly exercised their option to buy additional units, and United Acquisition Corp. I sold 182,300 units at $10.00 each for $1.8 million in gross proceeds. The company also sold private placement units and warrants for $27.3 million...
182,300 units sold at $10.00 per unit, for gross proceeds of $1,823,000, completed February 12, 2026
Private placement of 2,280 units ($22,800) and 6,060 warrants at $0.75 ($4,545), for a total of $27,345
Trust account held $101,823,000 as of February 12, 2026, per the unaudited pro forma balance sheet
Underwriters' deferred fee rises by $63,805 to $3,563,805; 1,317,700 units remain under the option
MarketAxess identified a new Chief Technology Officer on February 16, 2026, but has not yet named that person. Chief Information Officer Naineshkumar Panchal's service ends effective April 1, 2026, and the company classifies his separation as a termination without Cause, entitling him to severance subject to a general release of claims.
New Chief Technology Officer identified February 16, 2026; name to be announced in a press release later in Q1 2026
Naineshkumar Panchal's service as Chief Information Officer ends effective April 1, 2026
Separation treated as termination without Cause under his Severance Protection Agreement dated March 1, 2022
Severance payments and benefits are subject to Panchal signing a general release of claims
Chief Executive Officer Tony Thene resigned from the CEO post effective July 1, 2026, and the Board named President and Chief Operating Officer Brian Malloy as his successor on that date. Thene will remain with the company as Executive Chairman of the Board, which the company says provides continuity in strategic oversight.
Tony Thene notified the company of his CEO resignation on February 12, 2026, effective July 1, 2026.
Brian Malloy, currently President and Chief Operating Officer, will become President and CEO effective July 1, 2026.
Thene will become Executive Chairman of the Board effective July 1, 2026.
The changes were announced in a press release dated February 17, 2026; the filing reports no financial results.
Celanese reported fourth-quarter and full-year 2025 results on February 17, 2026. Full-year net sales fell 7% to $9.5 billion, and adjusted EPS was $3.98 versus $8.18 in 2024, while the full-year U.S. GAAP diluted loss per share from continuing operations narrowed to $10.44 from $14.04. The company also guided first-quarter 2026 adjusted EPS to $0.70 to $0.85 and targets 2026 free cash flow of $650 million to $750 million.
Q4 2025 net sales were $2.2 billion, down 9% from the prior quarter and slightly below $2.358 billion in Q4 2024; Q4 adjusted EPS was $0.67 versus $1.33 a year earlier.
Full-year 2025 free cash flow was $773 million, up from $498 million in 2024, and operating cash flow was $1.1 billion.
Full-year 2025 results include Certain Items totaling $1.6 billion, primarily a goodwill and trade name impairment, which drove the U.S. GAAP loss.
First-quarter 2026 adjusted EPS guidance is $0.70 to $0.85, and the company targets 2026 free cash flow of $650 million to $750 million.
Toll Brothers reported results for the first quarter ended January 31, 2026, with net income of $210.9 million, or $2.19 per diluted share, up from $177.7 million, or $1.75, a year earlier. Home sales revenues were $1.85 billion, roughly flat, while deliveries fell to 1,899 homes from 1,991, and backlog value dropped to $6.02 billion from $6.94 billion. Management said it is maintaining full-year fiscal 2026 guidance.
Net income $210.9 million, or $2.19 per diluted share, versus $177.7 million, or $1.75, in the prior-year quarter.
Home sales revenues $1.85 billion versus $1.84 billion; delivered homes 1,899 versus 1,991.
Quarter-end backlog $6.02 billion (5,051 homes) versus $6.94 billion (6,312 homes) a year earlier.
Full-year fiscal 2026 guidance includes 10,300 to 10,700 deliveries and an adjusted home sales gross margin of 26.00%.
Regency Centers entered into an equity distribution agreement with RBC Capital Markets and Royal Bank of Canada allowing it to sell common stock and forward sale agreements with an aggregate sales price of up to $500 million. The filing says the company will not initially receive proceeds from borrowed shares sold by a forward seller, and proceeds depend on how and when forward sale agreements settle, so the dilution and cash impact to shareholders will depend on future sales.
Shares may be sold from time to time with an aggregate offering price of up to $500 million, including through forward sale agreements
Sales agent commissions will not exceed 2.0% of gross sales prices
Shares will be issued under an automatic shelf registration on Form S-3 filed February 17, 2026
Arbor Realty Trust appointed Yoni Goodman as Executive Vice President and Chief Operating Officer, effective February 17, 2026. His employment agreement sets a $1,000,000 base salary, a 2026 cash bonus of at least $2,000,000, and a five-year initial term that automatically extends for a second five-year term unless either party gives notice. The filing shows compensation terms that could raise shareholder costs, but the awards remain subject to Compensation Committee approval.
Yoni Goodman, age 43, appointed EVP and COO effective February 17, 2026
Base salary of $1,000,000; cash bonus targets of $1,500,000 (threshold), $3,000,000 (target) and $4,500,000 (maximum); 2026 bonus not less than $2,000,000
Proposed multi-year performance award through December 31, 2030, including up to $20,000,000 new business volume award and $5,000,000 total shareholder return award, subject to Compensation Committee approval
Previously a founding Principal of Green Pine Real Estate LLC from August 2024 through October 2025
World Acceptance Corporation appointed J. Tobin Turner, 51, as Executive Vice President and Chief Operating Officer, effective February 13, 2026 according to the 8-K, while the press release says February 17, 2026. He previously served as Senior Vice President of Marketing and Analytics (press release: Strategy and Analytics) since 2023, and he will oversee the branch network and day-to-day operations.
Base salary of $450,000 plus eligibility for the Stock Incentive Plan
Severance equal to $450,000 payable over 24 months if terminated without cause or for good reason
Grants of 6,000 time-based restricted shares and 2,500 performance-based restricted shares tied to trailing earnings per share from June 1, 2025 to March 31, 2027
Hecla reported fourth quarter and full year 2025 results, with 2025 sales up 53% to $1.4 billion and net income applicable to common stockholders of $321 million, compared with $35 million in 2024. The company also lowered its 2026 Casa Berardi guidance to reflect the pending sale of that mine to Orezone Gold for up to $593 million, expected to close in the first quarter of 2026.
2025 sales were $1.4 billion, up from $929.9 million in 2024; net income was $321 million, or $0.49 per share.
Fourth quarter 2025 net income was $134.3 million on sales of $448.1 million, versus $1.6 million in the fourth quarter of 2024.
Casa Berardi sale to Orezone Gold for total consideration of up to $593 million, subject to purchase price adjustments, expected to close in Q1 2026.
Common dividend of $0.00375 per share (record March 9, 2026; payable March 24, 2026); Series B preferred dividend of $0.875 per share (record March 16, 2026; payable April 1, 2026).
On February 11, 2026, NorthWestern Energy's board approved a 2026 Annual Incentive Plan and a 2026 Long-Term Incentive Program covering officers and eligible employees. Executive payouts are tied to 2026 net income (adjusted to exclude costs of the pending Black Hills Corporation merger), safety, reliability, and customer satisfaction, and long-term awards are restricted share units vesting December 31, 2028.
Annual incentive target for CEO Brian Bird is 100% of base salary; CFO Crystal Lail is 75%
Long-term incentive target for CEO Brian Bird is 325% of base salary; CFO Crystal Lail is 150%
Net income metric carries 55% weighting; safety and reliability 15% each; customer satisfaction 15%
Restricted units for about 80 participants vest December 31, 2028; awards are excluded from the merger's change-in-control definition
EQT reported fourth-quarter and full-year 2025 results and issued 2026 guidance. Fourth-quarter net income attributable to EQT rose to $677 million, or $1.08 per diluted share, from $418 million, or $0.69, a year earlier, and full-year 2025 net income attributable to EQT reached $2.04 billion versus $231 million in 2024. The company projects about $3.5 billion of free cash flow attributable to EQT in 2026 at recent strip pricing, which shareholders will weigh against the 2026 production and capital spending plans.
Q4 2025 net income attributable to EQT was $677 million ($1.08 diluted EPS), versus $418 million ($0.69) in Q4 2024; adjusted EPS was $0.90 versus $0.67
Full-year 2025 diluted EPS was $3.31 versus $0.45 in 2024; adjusted EPS was $3.05 versus $1.60
2026 guidance: production of 2,275 to 2,375 Bcfe, maintenance capital expenditures of $2,070 to $2,210 million, and expected net debt of about $4.7 billion at year-end 2026
EQT exercised an option to buy part of ConEdison's interest in MVP Mainline and MVP Boost for a total of about $115 million payable by EQT, with closing expected in the first half of 2026
MKS Inc. reported fourth-quarter 2025 revenue of $1,033 million, up from $935 million a year earlier, with GAAP net income of $108 million and diluted EPS of $1.58. Its first-quarter 2026 guidance calls for revenue of $1,040 million plus or minus $40 million and non-GAAP EPS of $2.00 plus or minus $0.28, and the company completed a refinancing of its term loans and a €1.0 billion senior notes offering on February 4, 2026.
Q4 2025 revenue was $1,033 million, versus $935 million in Q4 2024; GAAP net income was $108 million, versus $90 million.
Q4 2025 non-GAAP net earnings per diluted share were $2.47, versus $2.15 in Q4 2024; full-year 2025 was $7.88.
Q1 2026 guidance: revenue of $1,040 million (plus or minus $40 million) and non-GAAP EPS of $2.00 (plus or minus $0.28).
On February 4, 2026, the company issued €1.0 billion of 4.25% senior notes due 2034 and refinanced its term loans, prepaying about $1.3 billion.
Rush Street Interactive reported record fourth-quarter 2025 revenue of $324.9 million, up 28%, and full-year revenue of $1,134 million, up 23%, which exceeded the high end of its prior guidance. Full-year net income rose to $74.0 million from $7.2 million, but net income attributable to Rush Street Interactive shareholders was $33.3 million after non-controlling interests, and the company initiated 2026 guidance for revenue of $1,375 million to $1,425 million and adjusted EBITDA of $210 million to $230 million.
Q4 2025 revenue was $324.9 million, up from $254.2 million; net income was $19.1 million, up from $6.5 million.
Full-year 2025 revenue was $1,134 million, up 23% from $924 million, and exceeded the high end of guidance.
Full-year 2025 diluted earnings per share attributable to Rush Street Interactive were $0.31, up from $0.03 in 2024.
2026 guidance: revenue of $1,375 million to $1,425 million and adjusted EBITDA of $210 million to $230 million.
The Andersons reported fourth quarter 2025 net income attributable to the company of $67 million, or $1.97 per diluted share, up from $45 million, or $1.31, a year earlier. Full year net income fell to $96 million, or $2.79 per diluted share, from $114 million, or $3.32, and quarterly sales declined to $2.5 billion from $3.1 billion, so shareholders see mixed results.
Q4 2025 adjusted net income was $70 million, or $2.04 per diluted share, versus $1.36 in Q4 2024
Q4 2025 sales and merchandising revenues were $2.5 billion, down from $3.1 billion a year earlier
Renewables Q4 pretax income was $54 million, up from $17 million attributable to the company in Q4 2024
Full year adjusted EBITDA was $337 million in 2025, compared with $363 million in 2024
American Electric Power said director Henry P. Linginfelter notified the board on February 13, 2026 that he will not seek re-election at the company's 2026 Annual Meeting of Shareholders. He stated the decision is not due to any disagreement with the company on its operations, policies, or practices.
Henry P. Linginfelter notified the board on February 13, 2026
He will not stand for re-election at the 2026 Annual Meeting of Shareholders
He stated there is no disagreement with the company on operations, policies, or practices
Pitney Bowes reported fourth-quarter 2025 revenue of $478 million, down 7% from $516 million a year earlier, while adjusted EPS rose 40% to $0.45 and GAAP EPS swung to $0.17 from a loss of $0.21. The company also issued 2026 guidance with revenue of $1,760 million to $1,860 million, below 2025 revenue of $1,893 million, and adjusted EPS of $1.40 to $1.60.
Q4 2025 revenue was $478 million versus $516 million in Q4 2024, a decline of 7%; full-year revenue was $1,893 million versus $2,027 million.
Q4 2025 GAAP EPS was $0.17 versus a loss of $0.21; adjusted EPS was $0.45 versus $0.32. Full-year 2025 GAAP EPS was $0.84 and adjusted EPS was $1.35.
2026 guidance: revenue $1,760 million to $1,860 million, adjusted EBIT $410 million to $460 million, adjusted EPS $1.40 to $1.60, and free cash flow $340 million to $370 million.
In Q4 2025 the company repurchased 12.6 million shares for $127 million, and reduced principal debt by $114 million.
FirstEnergy reported 2025 GAAP earnings of $1.02 billion, or $1.77 per basic share, up from $978 million, or $1.70 per share, in 2024, on revenue of $15.1 billion. Core Earnings (non-GAAP) rose 7.6% to $2.55 per share, and the company reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share, while announcing a $36 billion capital investment plan for 2026 to 2030.
2025 GAAP earnings were $1.02 billion, or $1.77 per basic share, compared with $978 million, or $1.70 per share, in 2024
Core Earnings were $2.55 per share, up 7.6% from $2.37 in 2024, at the top end of the increased and revised guidance range
2026 Core Earnings guidance of $2.62 to $2.82 per share was affirmed, and the 2026-2030 capital investment plan is $36 billion, an increase of nearly 30% over the previous five-year plan
Element Solutions reported fourth quarter and full year 2025 results on February 17, 2026. Net sales rose 8% in the quarter and 4% for the year, and adjusted EBITDA grew 5% and 2%, but GAAP net income fell 89% in the quarter and 22% for the year. The company also introduced 2026 adjusted EBITDA guidance of $650 million to $670 million, which it says includes the Micromax and EFC acquisitions.
Q4 2025 net sales were $676 million, up 8%; organic net sales rose 10%.
Q4 2025 reported net income was $6 million, down 89% from $55 million; GAAP diluted EPS was $0.03 versus $0.23.
Full year 2025 net sales were $2.55 billion and adjusted EBITDA was $548 million; reported net income was $191 million, down 22%.
2026 guidance: full year adjusted EBITDA of $650 million to $670 million and first quarter 2026 adjusted EBITDA of $140 million to $155 million.
At its annual meeting on February 10, 2026, Rockwell Automation shareowners approved the 2026 Long-Term Incentives Plan, which allows grants of stock options, stock appreciation rights, restricted stock, and other equity awards. The plan authorizes 10.6 million shares for delivery, plus certain shares from the 2020 and 2012 plans that are later forfeited, cancelled, or paid in cash, so it sets the share pool available for employee and director equity compensation.
Shareowners approved the 2026 Plan at the annual meeting on February 10, 2026.
The plan authorizes 10.6 million shares of common stock, plus eligible shares from the 2020 and 2012 plans.
The Board approved the plan subject to shareowner approval, which was needed for New York Stock Exchange rules and for incentive stock option tax treatment.
Full plan terms are in Appendix A to the Proxy Statement filed December 22, 2025, and as Exhibit 10.1.
AMD's board approved a $75 million special long-term equity award for CEO Lisa Su, to be granted March 15, 2026, and approved fiscal 2025 cash bonuses for Su and four other executive officers. The equity award converts into performance-based restricted stock units that can pay out from 0% to 200% of target, and only if the stock meets price hurdles through March 15, 2031, subject to her continued service.
CEO Value Creation Equity Award: $75 million target value, granted March 15, 2026; PRSUs earned from 0% to 200% of target
Stock price hurdles range from a 10% five-year CAGR (Tranche 1) to $600 per share (Tranche 4); performance period ends March 15, 2031
Fiscal 2025 EIP bonuses: Lisa T. Su $3,125,430; Mark Papermaster $1,293,187; Jean Hu $1,179,750; Forrest Norrod $1,157,062; Ava Hahn $738,100, expected to be paid March 2026
On February 11, 2026, Akamai's Talent, Leadership & Compensation Committee adopted 2026 bonus and equity programs for CEO F. Thomson Leighton, CFO Edward McGowan and three other named executives. Bonuses are paid in vested common stock, with 50% tied to a fiscal 2026 revenue target and 50% to an adjusted operating income target. The filing gives targets and formulas but no actual results, so the eventual payouts depend on future performance.
Bonus payouts depend on fiscal 2026 revenue and adjusted operating income targets, each weighted 50%, with an ESG modifier of up to plus or minus 10%.
Leighton's 2026 base salary is $1.00, with a target bonus of $1,500,000 and a maximum of $3,300,000.
RSU grants are scheduled for March 2, 2026, including $7,250,000 in annual-vesting RSUs for Leighton and performance-based RSUs tied to revenue, non-GAAP EPS and relative total shareholder return.
Travelers director Rafael Santana notified the company on February 13, 2026, that he will not stand for re-election to the board at the 2026 Annual Meeting of Shareholders, and he will serve out his current term until then. The company said his decision was not due to any disagreement with management or the board, and his letter cites the time and travel demands of his current opportunities at Wabtec.
Notice given February 13, 2026; disclosed in an 8-K dated February 17, 2026
Santana will serve the remainder of his term, ending at the 2026 Annual Meeting of Shareholders
Company states the decision was not due to any disagreement with management or the board
Letter cites demands from his current role at Wabtec as the reason
La-Z-Boy reported fiscal third-quarter results for the period ended January 24, 2026, with sales up 4% to $542 million. GAAP diluted earnings per share fell to $0.52 from $0.68, and GAAP operating margin declined to 5.5% from 6.7%, so higher sales did not carry through to profit. The company expects fourth-quarter sales of $560 million to $580 million and an adjusted operating margin of 7.5% to 9.0%, and declared a quarterly dividend of $0.242 per share.
Quarter sales of $542 million, up 4% from the prior-year quarter; retail written sales up 11% and wholesale sales up 1%
GAAP diluted EPS of $0.52 versus $0.68 a year earlier; adjusted diluted EPS of $0.61 versus $0.68
Fourth-quarter outlook: sales of $560 million to $580 million and adjusted operating margin of 7.5% to 9.0%
Quarterly dividend of $0.242 per share declared February 17, 2026, payable March 13, 2026 to holders of record March 3, 2026
Centerspace reported full-year 2025 net income of $1.02 per diluted share, up from a net loss of $1.27 in 2024, and Core FFO of $4.93 per share, up from $4.88. For 2026 it guided to a net loss of $(0.49) to $(0.19) per diluted share and Core FFO of $4.81 to $5.05, while its strategic review of alternatives continues with no set timetable.
Q4 2025 net loss was $1.10 per diluted share, versus a $0.31 loss in Q4 2024; Q4 included a $14.5 million impairment of real estate investments.
Full-year 2025 revenue was $273.7 million, up 4.9%; same-store NOI grew 3.5%.
2026 guidance: net income (loss) per diluted share of $(0.49) to $(0.19); Core FFO per diluted share of $4.81 to $5.05, versus $4.93 in 2025.
Quarterly distribution of $0.77 per share, payable April 14, 2026, to holders of record on March 30, 2026.
JBG SMITH reported full-year 2025 results in a Form 8-K. The net loss narrowed to $139.1 million from $143.5 million, but full-year Core FFO fell to $38.9 million from $73.9 million. The filing gives no earnings guidance, and the company said it expects leverage to moderate as newly built multifamily assets lease up.
Full-year 2025 net loss was $139.1 million ($2.09 per diluted share), compared with $143.5 million ($1.65 per diluted share) in 2024.
Full-year 2025 Core FFO was $38.9 million ($0.58 per diluted share), compared with $73.9 million ($0.83 per diluted share) in 2024.
Fourth-quarter 2025 Core FFO was $9.9 million ($0.17 per diluted share), up from $11.6 million ($0.14) a year earlier, while the fourth-quarter net loss was $45.5 million ($0.78 per share).
Same Store NOI at the company's share decreased 4.2% quarter over quarter to $53.6 million in the fourth quarter.
Palo Alto Networks reported fiscal second quarter 2026 results for the quarter ended January 31, 2026, with revenue up 15% year over year to $2.6 billion and GAAP net income of $432 million, or $0.61 per diluted share, up from $267 million, or $0.38, a year earlier. The company also issued fiscal third quarter and full fiscal year 2026 guidance, including full-year revenue of $11.28 billion to $11.31 billion, which gives shareholders a forward view of expected growth.
Q2 revenue was $2.6 billion, up 15% from $2.3 billion in the year-earlier quarter.
GAAP net income was $432 million, or $0.61 per diluted share, versus $267 million, or $0.38, a year earlier.
Non-GAAP net income per diluted share was $1.03, versus $0.81 a year earlier; non-GAAP operating margin was 30.3%, versus 28.4%.
Fiscal 2026 revenue guidance is $11.28 billion to $11.31 billion, and Q3 revenue guidance is $2.941 billion to $2.945 billion.
Devon Energy reported fourth-quarter 2025 net earnings of $562 million, or $0.90 per diluted share, down from $693 million in the third quarter and $653 million a year earlier. Production averaged 851,000 Boe per day, above the top end of guidance, and the company is pursuing an all-stock merger with Coterra Energy expected to close in the second quarter of 2026, with a planned 31 percent dividend increase and a new buyback of more than $5 billion after closing.
Q4 2025 net earnings were $562 million ($0.90 per diluted share); core earnings were $510 million ($0.82 per diluted share).
Q4 2025 production averaged 851,000 Boe per day, exceeding the top end of guidance; capital investment was $883 million, 4 percent below guidance.
Merger with Coterra Energy announced Feb. 2, 2026 is expected to close in Q2 2026; quarterly dividend to rise to $0.315 per share after close.
Share repurchases were suspended with the merger announcement; Q1 2026 production is estimated to be reduced 1 percent by severe winter weather.
Rush Enterprises reported fiscal 2025 revenue of $7.4 billion and net income of $263.8 million, or $3.27 per diluted share, down from $7.8 billion and $304.2 million, or $3.72 per diluted share, in 2024. Fourth-quarter net income also declined to $64.3 million, or $0.81 per diluted share, from $74.8 million, or $0.91, and management said it expects industry conditions to remain challenging in the first quarter of 2026.
FY2025 revenue was $7.4 billion versus $7.8 billion in 2024; net income was $263.8 million versus $304.2 million.
Q4 2025 revenue was $1.8 billion versus $2.0 billion in Q4 2024; Q4 net income was $64.3 million, or $0.81 per diluted share, versus $0.91.
The Board declared a quarterly cash dividend of $0.19 per share, payable March 18, 2026, to holders of record as of March 3, 2026.
Management expects industry conditions to remain challenging in the first quarter of 2026 and is cautiously optimistic about the rest of the year.
Glaukos reported record fourth-quarter 2025 net sales of $143.1 million, up 36% from a year earlier, and full-year net sales of $507.4 million, up 32%. A one-time, non-cash impairment charge of $112.9 million tied to the Photrexa to Epioxa transition pushed the fourth-quarter GAAP net loss to $133.7 million, or $2.32 per diluted share, and the company reaffirmed its 2026 net sales guidance of $600 million to $620 million.
Q4 2025 net sales were $143.1 million, up 36% reported and 34% in constant currency, versus $105.5 million in Q4 2024.
Q4 2025 GAAP net loss was $133.7 million, or ($2.32) per diluted share, versus a net loss of $33.6 million, or ($0.60), in Q4 2024.
Non-GAAP net loss for Q4 2025 was $16.4 million, or ($0.28) per diluted share.
The company reaffirmed 2026 net sales guidance of $600 million to $620 million and ended 2025 with about $282.6 million in cash, short-term investments and restricted cash and no debt.
Caesars Entertainment reported fourth-quarter 2025 GAAP net revenues of $2.9 billion, up from $2.8 billion, but a GAAP net loss of $250 million, compared with net income of $11 million a year earlier. The prior-year period included gains on asset sales of over $350 million. Same-store Adjusted EBITDA rose to $901 million, with Caesars Digital setting a quarterly record, while full-year net loss widened to $502 million and full-year same-store Adjusted EBITDA fell to $3.6 billion.
Q4 GAAP net revenues $2.9 billion vs $2.8 billion; Q4 same-store Adjusted EBITDA $901 million vs $882 million
Q4 net loss attributable to Caesars $250 million vs net income of $11 million, driven mainly by prior-year asset sale gains of over $350 million
Full year net loss $502 million vs $278 million; full year same-store Adjusted EBITDA $3.6 billion vs $3.7 billion
Caesars Digital Q4 Adjusted EBITDA $85 million vs $20 million; company expects lower capex and cash interest in 2026
Mercury General reported fourth-quarter 2025 net income of $202.5 million, or $3.66 per diluted share, up from $101.1 million, or $1.82, a year earlier, and full-year net income of $541.1 million, or $9.77 per share, up 15.6%. The company also declared a quarterly dividend of $0.3175 per share, and it says Palisades and Eaton wildfire net losses of about $380 million for 2025 remain a significant factor in its results.
Q4 2025 net income was $202.5 million ($3.66 per diluted share) versus $101.1 million ($1.82) in Q4 2024.
Q4 2025 combined ratio was 88.6% versus 91.4%; net premiums earned rose 6.9% to $1.45 billion.
Full-year 2025 net income was $541.1 million, up 15.6%, while catastrophe losses net of reinsurance were $508 million versus $277 million.
Quarterly dividend of $0.3175 per share is payable March 26, 2026 to shareholders of record on March 12, 2026.
Rogers reported fourth-quarter 2025 net sales of $201.5 million, up 4.8% from a year earlier, and adjusted earnings of $0.89 per diluted share versus $0.46. For the full year, the company swung to a net loss of $61.8 million, or $(3.40) per diluted share, after $97.1 million of restructuring and impairment charges, compared with net income of $26.1 million in 2024. The company also gave first-quarter 2026 guidance of $193 million to $208 million in net sales and $0.45 to $0.85 in adjusted earnings per diluted share.
Q4 2025 net sales were $201.5 million, up from $192.2 million, and GAAP earnings were $0.26 per diluted share versus a loss of $(0.03) a year earlier
Full-year 2025 net sales were $810.8 million, down from $830.1 million, and net loss was $(61.8) million versus net income of $26.1 million in 2024
Restructuring and impairment charges were $97.1 million for 2025 compared with $24.1 million in 2024
Q1 2026 guidance: net sales $193 million to $208 million, adjusted EBITDA $27 million to $35 million, adjusted EPS $0.45 to $0.85
Goosehead Insurance reported fourth-quarter 2025 revenue up 12% to $105.3 million, while net income fell to $20.8 million from $23.8 million a year earlier. The company also gave 2026 guidance of 10% to 19% organic total revenue growth, expanded its share repurchase authorization by $180.0 million, and added Louis Goldberg to its board, effective February 18, 2026. For shareholders, revenue growth was offset by lower profit, and the buyback expansion and guidance will shape expectations for 2026.
Q4 2025 total revenues were $105.3 million, up 12%; Q4 net income was $20.8 million versus $23.8 million, and diluted EPS was $0.48 versus $0.57.
Full-year 2025 net income was $44.5 million versus $49.1 million in 2024; Adjusted EBITDA rose 14% to $113.6 million.
2026 guidance: total revenues expected to grow organically 10% to 19%, and total written premiums 12% to 20%.
Share repurchase authorization increased by $180.0 million and extended through May 1, 2027; $81.7 million of shares were repurchased in 2025.
Spartacus Acquisition Corp. II, a blank check company focused on technology, media and telecommunications, closed its initial public offering of 23,000,000 units at $10.00 per unit on February 12, 2026, including the full exercise of the underwriters' over-allotment option. The $230 million placed in a trust account can generally be released only for a business combination, for shareholder redemptions if no combination is completed within 24 months, or for shareholder-approved changes to those terms, so shareholder funds remain held in trust until one of these events occurs.
Gross IPO proceeds of $230,000,000; units began trading on Nasdaq on February 11, 2026 under TMTSU
Private placement of 4,125,000 warrants to Spartacus Sponsor II LLC at $1.00 per warrant, or $4,125,000 in total
Trust account holds $230,000,000; funds generally held until a business combination or redemption if none is completed within 24 months of the IPO closing
Board appointments of Christopher Downie, David Marshack and Eric Edidin as independent directors effective February 10, 2026
HealthEquity said its HSA Assets reached $36.5 billion as of January 31, 2026, up 14% from a year earlier, and its HSA count rose 7% to 10.6 million. The company reaffirmed its fiscal 2026 and 2027 outlook and said fiscal 2026 results are expected to be near the top end of previously provided ranges, which signals strong sales for shareholders while full fiscal 2027 guidance is deferred to March.
Fourth-quarter new HSAs from sales rose 17% year over year, and the company reported more than one million new HSA accounts from sales for fiscal 2026.
Total HSA Assets were $36.5 billion, up 14% from $32.1 billion, with HSA investments up 26% to $18.5 billion.
Total Accounts reached 17.8 million, up 4%, and the company expects to provide full fiscal 2027 guidance when it reports year-end results in March.
The fourth-quarter and fiscal 2026 results conference call is scheduled for March 17, 2026, at 4:30 p.m. Eastern Time.
Republic Services reported fourth-quarter 2025 diluted EPS of $1.76, up from $1.63 a year earlier, on revenue of $4,136 million, up 2.2%. For full-year 2025, diluted EPS rose to $6.85 from $6.49, and the company expects 2026 adjusted diluted EPS of $7.20 to $7.28 on revenue of $17.050 billion to $17.150 billion.
Q4 2025 net income was $545 million, or $1.76 per diluted share, versus $512 million, or $1.63, in Q4 2024.
Q4 2025 adjusted EPS was $1.76, up 11.4% from $1.58 in the prior-year quarter.
Full-year 2025 adjusted EPS was $7.02, up 8.7% from $6.46; cash returned to shareholders was $1.6 billion.
2026 guidance: revenue of $17.050 billion to $17.150 billion and adjusted EBITDA of $5.475 billion to $5.525 billion.
Axcelis Technologies reported fourth-quarter 2025 revenue of $238.3 million, down from $252.4 million a year earlier, and diluted EPS of $1.10 versus $1.54. For the full year, revenue was $839.0 million compared with $1.02 billion in 2024, and diluted EPS was $3.80 versus $6.15. The company expects first-quarter 2026 revenue of approximately $195 million and says it continues working toward closing its pending merger with Veeco Instruments.
Q4 2025 net income was $34.3 million, versus $50.0 million in Q4 2024; GAAP diluted EPS was $1.10, versus $1.54.
Full-year 2025 revenue was $839.0 million, versus $1.02 billion in 2024; full-year GAAP diluted EPS was $3.80, versus $6.15.
Q1 2026 outlook: revenue of approximately $195 million, GAAP diluted EPS of approximately $0.38, and non-GAAP EPS of approximately $0.71.
Q4 2025 included $7.5 million of transaction and integration costs tied to the Veeco merger agreement announced October 1, 2025.
Halozyme reported fourth-quarter 2025 total revenue of $451.8 million, up 52% from a year earlier, but a net loss of $141.6 million, which included $284.9 million of acquired in-process R&D expense tied to the Surf Bio acquisition. For full-year 2025, total revenue rose 38% to $1.4 billion, and the company reiterated its 2026 guidance for total revenue of $1.710 billion to $1.810 billion and non-GAAP diluted EPS of $7.75 to $8.25.
Q4 2025 total revenue was $451.8 million versus $298.0 million in Q4 2024; royalties were $258.0 million, up 51%.
Q4 2025 net loss was $141.6 million versus net income of $137.0 million a year earlier; GAAP diluted loss was $1.20 per share.
Full-year 2025 total revenue was $1,396.6 million, up 38%, with royalty revenue of $867.8 million, up 52%.
2026 guidance reiterated: total revenue of $1.710 billion to $1.810 billion and non-GAAP diluted EPS of $7.75 to $8.25, last updated January 28, 2026.
Willamette Valley Vineyards' Chief Financial Officer, John Ferry, told the Board on February 12, 2026 that he intends to resign in May 2026, with the exact date still to be determined. Ferry also plans to help identify, appoint, and transition his successor, which should give the company some continuity during the change.
CFO John Ferry gave notice to the Board of Directors on February 12, 2026 of his intent to resign.
Departure is expected in May 2026; the exact date has not been set.
Ferry intends to assist with identifying, appointing, and transitioning his successor.
The 8-K was signed February 17, 2026 by President James W. Bernau.
Rave Restaurant Group dismissed Whitley Penn LLP as its independent registered public accounting firm effective February 10, 2026, and engaged Bodwell Vasek Wells DeSimone, LLP as its replacement the same day. The filing states that Whitley Penn's reports for fiscal 2025 and 2024 contained no adverse opinion, disclaimer, or qualification, and that there were no disagreements or reportable events. The change is a routine auditor transition with no disclosed disagreements.
Whitley Penn LLP dismissed effective February 10, 2026; Audit Committee approved the change
Bodwell Vasek Wells DeSimone, LLP engaged as independent auditor effective February 10, 2026
Whitley Penn's reports for fiscal years ended June 29, 2025 and June 30, 2024 had no adverse opinion, disclaimer, or qualification
Whitley Penn letter dated February 17, 2026 filed as Exhibit 16.1
Cadence reported fourth-quarter 2025 revenue of $1.440 billion, up from $1.356 billion a year earlier, and fiscal 2025 revenue of $5.297 billion, up from $4.641 billion. Fiscal 2025 GAAP diluted earnings per share rose to $4.06 from $3.85, while GAAP operating margin fell to 28.2% from 29.1%. For 2026, Cadence expects GAAP diluted EPS of $4.95 to $5.05 and non-GAAP diluted EPS of $8.05 to $8.15, excluding its pending Hexagon design and engineering acquisition.
Q4 2025 revenue was $1.440 billion versus $1.356 billion in Q4 2024; GAAP diluted EPS was $1.42 versus $1.24.
Fiscal 2025 non-GAAP diluted EPS was $7.14 versus $5.97 in 2024; GAAP operating margin was 28.2% versus 29.1%.
2026 outlook: revenue of $5.9 billion to $6.0 billion and non-GAAP diluted EPS of $8.05 to $8.15, excluding the pending Hexagon D&E acquisition.
Q1 2026 outlook: revenue of $1.420 billion to $1.460 billion, with approximately $200 million expected for share repurchases in the quarter.
RB Global reported fourth-quarter 2025 results with total revenue up 5% to $1.2 billion, while net income and diluted EPS fell 8% and 9%, respectively. The company also gave 2026 guidance for adjusted EBITDA of $1,470 million to $1,530 million and disclosed a $59.6 million arbitration award to its former CEO, which is reflected in its 2025 financial statements.
Q4 2025 total revenue rose 5% year over year to $1.2 billion; net income fell 8% to $109.4 million.
Diluted EPS fell 9% to $0.53; diluted adjusted EPS rose 17% to $1.11.
2026 outlook: adjusted EBITDA of $1,470 million to $1,530 million, versus $1,399.7 million in 2025.
On February 16, 2026, an arbitration panel awarded the former CEO $59.6 million; a quarterly dividend of $0.31 per share is payable March 2, 2026.
Solaris Energy Infrastructure's board appointed Stephan E. Tompsett as Chief Financial Officer effective February 12, 2026, replacing Kyle Ramachandran, who had held the role since the company's initial public offering. Ramachandran remains President and head of the Solaris Power Solutions segment, and the filing says Tompsett's compensation terms are still being finalized and will be disclosed later.
Stephan E. Tompsett, age 49, was appointed CFO effective February 12, 2026, and serves as principal financial officer.
Tompsett was previously CFO of Aris Water Solutions from September 2022 until October 2025.
Kyle Ramachandran stepped down as CFO to focus on the growth of the company's power business and stays on as President.
Tompsett's compensation terms have not been finalized and will be disclosed in a later filing; an indemnification agreement (Exhibit 10.1) was signed.
Expand Energy reported fourth-quarter and full-year 2025 results and issued its 2026 outlook. Net income turned from losses in 2024 to profits in 2025, with the company citing higher production and lower debt, and it plans to prioritize debt reduction of at least $1 billion in 2026 while continuing the base dividend and opportunistic share repurchases.
Q4 2025 net income of $553 million, or $2.30 per diluted share, compared with a net loss of $399 million, or $1.72 per share, in Q4 2024
Full-year 2025 net income of $1,819 million, or $7.57 per diluted share, compared with a net loss of $714 million in 2024
2026 outlook: approximately $2.85 billion of capital and about 7.5 Bcfe/d of daily production, with debt reduction of at least $1 billion
Quarterly base dividend of $0.575 per share, payable March 26, 2026, to holders of record on March 5, 2026
American Express disclosed monthly delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment through January 31, 2026. The U.S. Consumer net write-off rate improved to 1.9% from 2.1% in December, while its 30-day delinquency rate rose to 1.4% from 1.3%, and total held-for-investment loans fell to $128.6 billion from $131.0 billion. These monthly credit metrics give shareholders an early read on card loan quality, though the filing contains no earnings or guidance.
U.S. Consumer net write-off rate (principal only) was 1.9% for January 2026, down from 2.1% in December 2025 and November 2025.
U.S. Consumer 30-day past-due loans were 1.4% of total loans in January, up from 1.3% in December.
U.S. Small Business net write-off rate was 2.8% in January, up from 2.7% in December; 30-day past-due rate was 1.7%.
Total Card Member loans held for investment were $128.6 billion at January 31, 2026, versus $131.0 billion at December 31, 2025.
Marine Petroleum Trust declared a quarterly cash distribution of $0.101614 per unit, payable March 30, 2026, to unitholders of record on February 27, 2026. The payment is higher than the $0.049136 per unit paid last quarter and the $0.077052 per unit paid in the same quarter of 2025, and the press release attributes the change to royalty income, which reflects oil and natural gas production and prices.
Distribution of $0.101614 per unit, payable March 30, 2026, to holders of record on February 27, 2026
Up from $0.049136 per unit last quarter and $0.077052 per unit in the same quarter of 2025
Oil production volume rose and natural gas volume fell versus last quarter; oil realized prices fell while natural gas prices rose slightly
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