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).
EPAM reported fourth-quarter and full-year 2025 results on February 19, 2026. Revenue grew in both periods, but full-year GAAP diluted EPS fell to $6.72 from $7.84, while non-GAAP diluted EPS rose 5.9% to $11.50. The company also gave 2026 guidance of $7.95 to $8.25 GAAP diluted EPS and $12.60 to $12.90 non-GAAP diluted EPS.
Q4 2025 revenue was $1.408 billion, up 12.8% year over year; Q4 GAAP diluted EPS was $1.98, up 10.0%.
Full-year 2025 revenue was $5.457 billion, up 15.4%, but GAAP income from operations fell 4.5% to $520.0 million.
2026 guidance: revenue growth of 4.5% to 7.5%, GAAP diluted EPS of $7.95 to $8.25, and non-GAAP diluted EPS of $12.60 to $12.90.
Share repurchases totaled $660.6 million in 2025, with $776.5 million remaining under the authorization as of December 31, 2025.
CVB Financial Corp. disclosed that director Kimberly Sheehy notified the company and Citizens Business Bank on February 18, 2026, that she will not stand for reelection when her term expires at the annual shareholder meeting on May 20, 2026. The company said the decision does not stem from any disagreement with its operations, policies or practices, and Sheehy will remain Audit Committee chair until her term ends.
Kimberly Sheehy will not stand for reelection as a director of CVB Financial and Citizens Business Bank.
Her current term expires at the annual shareholder meeting scheduled for May 20, 2026.
The company states the decision is not the result of any disagreements with its operations, policies or practices.
Sheehy will continue as Audit Committee chair until the end of her current term.
Research Frontiers entered subscription agreements on February 18, 2026 with private accredited investors, including family members of a director and the owner of an SPD-SmartGlass licensee. The company will receive $1.1 million in proceeds, and each investor also received one warrant per share, which adds potential future share issuance.
1.1 million shares of common stock sold at $1.00 per share, equal to the February 13, 2026 closing price
The Company will receive $1.1 million in proceeds from the sale
Each share includes one warrant expiring February 28, 2031, with exercise prices from $1.10 to $1.50 depending on timing
Shares and warrant shares are unregistered and subject to at least a six-month holding period
CNX Resources Corporation agreed on February 17, 2026 to sell $500 million of 5.875% senior notes due 2034 in a private offering priced at 100.0% of face value, with closing expected on or about February 26, 2026. The company said it will use the proceeds to buy back or redeem its outstanding 6.000% senior notes due 2029, which is a refinancing of existing debt rather than a stated change in operations.
Notes: $500 million aggregate principal, 5.875% senior notes due 2034, priced at 100.0% of face value
Expected closing: on or about February 26, 2026
Proceeds: tender offer for any and all 6.000% senior notes due 2029, with any remaining 2029 Notes to be redeemed; shortfall may be funded by the revolving credit facility
Initial purchaser: Wells Fargo Securities, LLC as representative
Kadant reported fourth-quarter 2025 revenue up 11% to a record $286.2 million, with GAAP EPS flat at $2.04. For fiscal 2025, revenue was $1.05 billion, roughly flat, while net income fell 9% to $102.0 million and GAAP EPS fell 9% to $8.65. The company expects 2026 revenue of $1.160 billion to $1.185 billion and GAAP EPS of $10.27 to $10.62.
Q4 2025 revenue of $286.2 million rose 11%, including an 8% contribution from acquisitions; Q4 net income was $24.0 million, and GAAP EPS was $2.04 in both periods.
Fiscal 2025 net income was $102.0 million, down 9%; adjusted EPS was $9.26, down 10%.
2026 guidance: revenue of $1.160 to $1.185 billion and GAAP EPS of $10.27 to $10.62; first-quarter 2026 revenue of $270 to $280 million.
Webcast to discuss results is scheduled for February 19, 2026, at 11:00 a.m. Eastern Time.
NewMarket Corporation named Susan M. Ridlehoover, its Controller since January 2026, as Principal Accounting Officer effective February 18, 2026. She previously served as Senior Director, Corporate Controller at Sonoco Products Company and has over 20 years of accounting and finance experience. The filing describes this as an internal officer appointment with a base salary of $235,000, which is routine for shareholders.
Susan M. Ridlehoover, age 45, appointed Principal Accounting Officer effective February 18, 2026
She joined NewMarket as Controller in January 2026 after serving at Sonoco Products Company from January 2023
Base salary of $235,000, with eligibility for cash bonuses and restricted stock awards
Licensed Certified Public Accountant in Virginia; previously spent 10 years at Ernst & Young
Oceaneering reported fourth-quarter 2025 revenue of $669 million, down 6% from a year earlier, and adjusted EBITDA of $90.5 million, down 11%. GAAP net income rose 217% to $178 million, but that increase reflects a discrete tax benefit. For the full year, revenue rose 5% to $2.8 billion and net income rose 140% to $354 million, and the company issued 2026 guidance for net income of $178 million to $203 million.
Q4 2025 adjusted EBITDA was $90.5 million, down 11%; Q4 revenue was $669 million, down 6%.
Q4 GAAP net income was $178 million, up 217%, which included a discrete tax benefit from releasing valuation allowances.
Full-year 2025 revenue was $2.8 billion, up 5%, and adjusted EBITDA was $401 million, up 16%.
2026 guidance: net income of $178 million to $203 million, consolidated EBITDA of $390 million to $440 million, and free cash flow of $100 million to $120 million.
American Financial Group's Compensation Committee approved a new 2026 Senior Executive Long-Term Incentive Compensation Plan on February 13, 2026, replacing the 2016 plan. The filing says the new plan's terms are substantially similar to the former plan and that no awards have been made under it yet.
Compensation Committee approved the 2026 Senior Executive Long-Term Incentive Compensation Plan on February 13, 2026.
The plan succeeds the Senior Executive Long-Term Incentive Compensation Plan adopted on February 23, 2016.
The plan provides for performance-based cash bonus awards tied to pre-established criteria set by the Committee.
No awards have been made under the new plan as of the filing.
Conagra Brands expanded its board from 11 to 12 directors and appointed John Mulligan and Pietro Satriano to fill the two new seats, effective February 18, 2026. The company says both meet NYSE independence standards, and Satriano is financially literate under SEC rules, which adds to board oversight capacity without changing the company's operating results.
Board size increased from 11 to 12 directors, effective February 18, 2026
John Mulligan will serve on the Human Resources and Nominating Corporate Governance Committees
Pietro Satriano will serve on the Audit / Finance Committee and has been determined to be financially literate
Each new director will receive a restricted stock unit grant valued at approximately $60,000 on March 2, 2026, plus prorated fiscal 2026 cash retainer
CF Industries reported higher fourth-quarter and full-year 2025 results compared with 2024, with net sales, net earnings and adjusted EBITDA all up. The filing furnishes a results presentation and says the company will discuss the results on a conference call on February 19, 2026.
Q4 2025 net earnings attributable to common stockholders were $404 million, up from $328 million in Q4 2024; diluted EPS was $2.59 versus $1.89.
Q4 2025 adjusted EBITDA was $821 million, up from $562 million; Q4 net sales were $1,872 million versus $1,524 million.
Full-year 2025 net earnings were $1,455 million ($8.97 per diluted share), up from $1,218 million ($6.74) in 2024; full-year adjusted EBITDA was $2,893 million versus $2,284 million.
CF Industries reported full-year 2025 net earnings of $1.46 billion, or $8.97 per diluted share, compared with $1.22 billion, or $6.74 per share, in 2024, on net sales of $7.08 billion versus $5.94 billion. Fourth-quarter 2025 net earnings were $404 million, or $2.59 per share, up from $328 million a year earlier. The company also said it expects 2026 ammonia production of about 9.5 million tons due to an outage at its Yazoo City complex.
Full-year 2025 net earnings of $1.46 billion ($8.97 per diluted share) versus $1.22 billion ($6.74) in 2024
Fourth-quarter 2025 net earnings of $404 million ($2.59 per diluted share) versus $328 million ($1.89) a year earlier
Repurchased 16.6 million shares for $1.34 billion in 2025; $1.7 billion remains under the program, which expires in December 2029
Yazoo City outage not expected to resume production until the fourth quarter of 2026 at the earliest
Coeur Mining reported fourth-quarter and full-year 2025 results on February 18, 2026, and gave 2026 production guidance for its current portfolio. Full-year revenue was $2.1 billion, up from $1.1 billion in 2024, and GAAP net income from continuing operations was $586 million, or $0.95 per share. The filing also names two board nominees tied to the pending New Gold acquisition, which is expected to close in the first half of 2026, and reports a director resignation effective February 16, 2026.
Q4 2025 revenue was $675 million versus $305 million in Q4 2024; GAAP net income from continuing operations was $215 million, or $0.29 per share.
2026 guidance for current assets: 390,000 to 460,000 ounces of gold and 18.2 to 21.3 million ounces of silver.
Patrick Godin, New Gold's CEO, and Marilyn Schonberner were approved for the Coeur board, effective only if the New Gold transaction closes.
Director N. Eric Fier resigned effective February 16, 2026, to focus on other business ventures.
Kaiser Aluminum reported preliminary fourth-quarter and full-year 2025 results, with Q4 net sales of $929 million, up about 21% year over year, and full-year net sales of $3.37 billion, up about 12%. Full-year net income was $113 million, or $6.77 per diluted share, and the company guided to 2026 Adjusted EBITDA growth of 5% to 15%, which matters to shareholders because it sets the company's outlook for the year ahead.
Q4 2025 net income was $28 million, or $1.68 per diluted share, versus $1.21 a year earlier
Full-year 2025 Adjusted EBITDA was $310 million, with an Adjusted EBITDA margin of 21.3%
Full-year 2025 shipments fell 5%, driven by commercial aerospace destocking and the Trentwood planned outage
For 2026, the company expects Conversion Revenue to rise 5% to 10% and Adjusted EBITDA to rise 5% to 15%
Charles River Laboratories appointed Glenn Coleman as Corporate Executive Vice President and Chief Financial Officer, with a tentative start date of April 6, 2026. He succeeds interim CFO Michael G. Knell, who will remain as Chief Accounting Officer.
Coleman, 58, is currently CFO and Chief Administrative Officer of Premier, Inc. and previously served as CFO of DENTSPLY SIRONA and Integra Life Sciences.
Offer letter sets a base salary of $800,000 and a 2026 target bonus of 85% of base salary, pro-rated to his hire date.
Coleman receives a 2026 equity award with a grant value of $3,000,000 and a one-time new hire equity award of $3,500,000, plus a one-time cash award of $1,875,000.
American States Water reported fourth-quarter 2025 diluted EPS of $0.74, down $0.01 from $0.75 a year earlier, while full-year 2025 diluted EPS rose to $3.37 from $3.17. Fourth-quarter operating revenues rose to $164.3 million from $143.1 million, and the company said adjusted EPS, which excludes prior-year one-time items, increased $0.18 per share in the quarter.
Q4 2025 diluted EPS was $0.74 versus $0.75 in Q4 2024; excluding prior-year one-time items, adjusted EPS rose $0.18 per share.
Full-year 2025 diluted EPS was $3.37 versus $3.17 in 2024, an increase of $0.20 per share, or 6.3%.
Q4 2025 operating revenues were $164.3 million versus $143.1 million; full-year revenues were $658.1 million versus $595.5 million.
The company plans to invest $185 to $225 million in 2026 and declared a first-quarter 2026 dividend of $0.5040 per share, payable March 5, 2026.
American Water reported fourth-quarter 2025 adjusted earnings of $1.24 per share, up from $1.15 a year earlier, and full-year adjusted earnings of $5.64 per share, up from $5.18. The company affirmed its 2026 adjusted EPS guidance of $6.02 to $6.12 and its 7-9% long-term EPS and dividend growth targets, which exclude pending merger transaction costs and weather effects. Full-year GAAP diluted EPS was $5.69, compared with $5.39 in 2024.
Full-year 2025 operating revenues were $5,140 million, up from $4,684 million in 2024; fourth-quarter revenues were $1,271 million, up from $1,201 million.
Fourth-quarter 2025 GAAP diluted EPS was $1.22, flat with the prior-year quarter; full-year GAAP net income was $1,111 million, up from $1,051 million.
The company invested $3.2 billion in capital in 2025 and repaid the $795 million HOS secured seller note in full on February 13, 2026.
Shareholders of American Water and Essential Utilities approved the pending merger proposals on February 10, 2026.
Host Hotels & Resorts reported fourth-quarter 2025 net income of $137 million, up 25.7%, and diluted earnings per share of $0.20 versus $0.15 a year earlier. For full year 2025, net income rose 9.8% to $776 million and diluted EPS was $1.10 versus $0.99. The company guided 2026 diluted EPS to $1.19 to $1.27, but GAAP total revenue guidance of a 1.4% decline to a 0.1% increase reflects the hotel sales it completed.
Q4 2025 total revenues of $1.6 billion, up 12.3% from $1.4 billion; diluted EPS $0.20 versus $0.15
Full year 2025 net income of $776 million, up 9.8%; diluted EPS $1.10 versus $0.99
2026 guidance: net income of $836 million to $891 million; diluted EPS $1.19 to $1.27
Sold Four Seasons Resort Orlando and Four Seasons Jackson Hole in February 2026 for $1.1 billion; no share repurchases in Q4 2025
Nordson reported record first quarter fiscal 2026 sales of $669 million, up 9% year over year, and diluted EPS of $2.38, up 44%, which includes a non-cash gain on a minority investment. The company raised its full-year guidance for sales and adjusted earnings, citing a strong start to the year and a 4% increase in backlog.
Q1 sales $669 million vs. $615 million a year earlier; organic growth 6.5%
Q1 adjusted diluted EPS $2.37, a first quarter record, up 15% from $2.06; GAAP diluted EPS $2.38 vs. $1.65
Full-year fiscal 2026 sales guidance raised to $2,860 million to $2,980 million; adjusted EPS guidance raised to $11.00 to $11.60
Q2 fiscal 2026 sales outlook of $710 million to $740 million and adjusted EPS of $2.70 to $2.90; management webcast February 19, 2026 at 8:30 a.m. ET
Spring Valley Acquisition Corp. IV, a blank check company, completed its initial public offering of 23,000,000 units at $10.00 per unit on February 11, 2026, for gross proceeds of $230 million. The full $230 million, or $10.00 per unit, was placed in a trust account for public shareholders, and the company has until 24 months from the offering closing to complete a business combination.
23,000,000 units sold at $10.00 each, including 3,000,000 units from the full exercise of the underwriters' over-allotment option
Private placement of 7,046,111 warrants at $0.90 each, for gross proceeds of $6,341,500
$230 million placed in trust; deferred underwriting fee payable of $9,200,000
Company has 24 months from the offering closing to complete a business combination, or it must redeem public shares
Cheesecake Factory reported fourth-quarter fiscal 2025 revenue of $961.6 million, up from $921.0 million a year earlier, including $17.3 million of gift card breakage revenue. Net income fell to $28.8 million, or $0.60 per diluted share, from $41.2 million, or $0.83, and comparable restaurant sales declined 2.2%. The board also raised the quarterly dividend to $0.30 per share and increased the share repurchase authorization by 5.0 million shares to a total of 66.0 million.
Q4 revenue $961.6 million vs. $921.0 million a year earlier
Diluted EPS $0.60 vs. $0.83; adjusted diluted EPS $1.00 vs. $1.04 (non-GAAP)
Comparable restaurant sales declined 2.2% year over year
Dividend of $0.30 per share payable March 17, 2026; about 6.0 million shares remain under repurchase authorization
Wyndham Hotels & Resorts reported fourth-quarter and full-year 2025 results. Full-year net income fell 33% to $193 million, mainly due to impairment and other-related charges tied to franchisee Revo Hospitality Group's insolvency, while adjusted diluted EPS rose 6% to $4.58. The company also gave 2026 guidance and said its quarterly dividend will rise 5% to $0.43 per share.
Full-year 2025 net income was $193 million, down 33% from $289 million; diluted EPS was $2.50 versus $3.61.
Full-year fee-related and other revenues rose 2% to $1.43 billion; adjusted diluted EPS rose 6% to $4.58.
Revo-related charges included $74 million in operating expenses and $48 million in impairment, plus $38 million of Vienna House trademark and franchise agreement impairments.
2026 outlook calls for adjusted diluted EPS of $4.62 to $4.80 and adjusted EBITDA of $730 million to $745 million; the higher dividend is expected to be declared in first quarter 2026.
ITT entered into a credit agreement providing delayed draw term loan commitments of $2.875 billion, which can be drawn on up to two occasions to finance its previously announced acquisition of SPX FLOW, Inc. The filing sets out borrowing costs, a maturity of two years from the first borrowing, and a maximum net debt to adjusted EBITDA ratio of 3.50 to 1.00, which adds debt obligations for shareholders to weigh against the acquisition.
Delayed draw term loan commitments total $2,875,000,000 and expire on September 11, 2026 if undrawn or not otherwise terminated.
DDTL Loans bear interest at Term SOFR plus 1.00% to 1.50%, or an alternate base rate plus 0.00% to 0.50%, based on the Company's debt ratings.
An unused commitment fee of 0.10% per year accrues from May 3, 2026 until the loans are fully funded or the commitments end.
Loans mature two years from the first borrowing and may be prepaid without penalty or premium, subject to customary conditions.
CVR Energy reported a fourth-quarter 2025 net loss attributable to stockholders of $110 million, or $1.10 per diluted share, compared with net income of $28 million a year earlier. For full-year 2025, net income attributable to stockholders was $27 million, up from $7 million in 2024, but full-year net sales fell to $7.16 billion from $7.61 billion.
Q4 2025 net loss attributable to stockholders of $110 million, or $1.10 per diluted share, versus net income of $28 million, or 28 cents per share, in Q4 2024
Q4 2025 net loss included $62 million of accelerated depreciation tied to the December 2025 reversion of the Wynnewood Refinery Renewable Diesel Unit to hydrocarbon processing
Full-year 2025 net income attributable to stockholders of $27 million, or 27 cents per share, versus $7 million, or 6 cents, in 2024; full-year net sales were $7.16 billion versus $7.61 billion
Cash and cash equivalents were $511 million at December 31, 2025; the company prepaid $75 million of Term Loan principal in December 2025
LiveRamp Holdings said its board appointed Kristi Argyilan as a director on February 11, 2026, to fill a vacancy in the class whose term expires at the 2027 annual meeting. She receives standard non-employee director compensation and has no committee assignments yet, so the change is administrative and does not signal a shift in business direction.
Kristi Argyilan appointed to the board on February 11, 2026, effective immediately
Fills a vacancy in the class of directors with a term expiring at the 2027 annual meeting
Compensated under the standard non-employee director policy and eligible for the Directors' Deferred Compensation Plan
No committee assignments have been made; no related party transactions reported
Adamas Trust reported results for the fourth quarter and full year ended December 31, 2025. Fourth-quarter net income attributable to common stockholders was $41.6 million ($0.46 per share), and full-year net income was $101.1 million ($1.12 per share). Net interest income rose to $43.2 million in the quarter from $26.7 million a year earlier, and the company said quarterly earnings available for distribution increased 44%, though the filing does not state the prior-period figure for that measure.
Q4 2025 earnings available for distribution were $20.4 million, or $0.23 per common share; full-year figure was $80.6 million, or $0.89 per share.
Full-year 2025 net income attributable to common stockholders was $101.1 million, or $1.12 per share.
Book value per common share was $9.60 at December 31, 2025; adjusted book value was $10.63.
Common dividend was $0.23 per share for each of the final two quarters of 2025, and the company board extended its stock repurchase programs to March 31, 2027.
ONE Gas reported fourth-quarter net income of $86.3 million, or $1.42 per diluted share, up from $1.34 a year earlier, and full-year 2025 net income of $264.2 million, or $4.37 per diluted share, up from $3.91. The company also introduced non-GAAP adjusted 2026 guidance of $306 million to $314 million, or $4.83 to $4.95 per diluted share, which adds a regulatory carrying-cost item to GAAP results.
Q4 2025 net income was $86.3 million, or $1.42 per diluted share, versus $77.0 million, or $1.34, in Q4 2024
Full-year 2025 adjusted net income was $271.0 million, or $4.48 per diluted share, versus $224.8 million, or $3.94, in 2024
2026 GAAP net income guidance is $294 million to $302 million, or $4.65 to $4.77 per diluted share, the same range given on Dec. 1, 2025
2026 adjusted net income guidance is $306 million to $314 million, or $4.83 to $4.95 per diluted share; the company plans capital investments of about $800 million in 2026
SiriusPoint reported fourth-quarter 2025 net income available to common shareholders of $240 million, or $1.97 per diluted share, compared with a loss of $21.3 million a year earlier. Total revenues rose to $973.7 million from $612.8 million, and the company intends to repurchase $100 million of common shares over the next 12 months. The Core combined ratio worsened to 92.9% from 90.2%, a secondary measure that slipped.
Q4 2025 net income available to common shareholders was $240 million, or $1.97 per diluted share, versus a loss of $21.3 million ($0.13 per share) in Q4 2024.
Operating earnings per share were $0.70, compared with $0.27 a year earlier; annualized return on equity was 44.9%.
Core combined ratio was 92.9%, compared with 90.2%; gross written premium rose 17.6% to $896.9 million.
The company intends to repurchase $100 million of common shares over the next 12 months and will redeem all 8,000,000 Series B preference shares on February 26, 2026.
Remitly Global appointed Sebastian Gunningham as chief executive officer effective February 19, 2026, succeeding co-founder Matthew Oppenheimer, who will cease to be an employee but continue as Chair of the Board. The company also reported Q4 and full-year 2025 results that exceeded the high ends of its revenue and Adjusted EBITDA guidance, and provided Q1 and full-year 2026 guidance. A large part of Gunningham's equity award vests only if the stock reaches price thresholds from $20 to $50 per share, tying that pay to share price gains.
Gunningham receives a $350,000 annual base salary, 1,462,500 performance stock units and 787,500 restricted stock units, plus a $4,000,000 cash payment paid 50% at start and 50% at first anniversary
PSU thresholds run from $20 to $50 per share, measured as a 120-trading day average, implying a market capitalization up to $10.5 billion
Board membership increases from nine to ten members; Oppenheimer remains Chair and Phillip Riese is Lead Independent Director
Q4 and full-year 2025 revenue and Adjusted EBITDA exceeded the high ends of guidance; the filing gives no dollar figures for these results
Jackson Financial reported a fourth-quarter 2025 GAAP net loss attributable to common shareholders of $(215) million, or $(3.13) per diluted share, compared with net income of $334 million, or $4.45 per share, a year earlier. Adjusted operating earnings, a non-GAAP measure, rose to $455 million, or a record $6.61 per diluted share, and the company set a 2026 capital return target of $900 million to $1.1 billion.
Q4 2025 GAAP net loss of $(215) million, or $(3.13) per diluted share, versus net income of $334 million, or $4.45 per share, in Q4 2024
Q4 2025 adjusted operating earnings of $455 million, or a record $6.61 per diluted share, versus $349 million, or $4.65 per share, a year earlier
Full-year 2025 GAAP net loss of $(17) million, or $(0.24) per diluted share, versus net income of $902 million, or $11.74 per share, in 2024
Quarterly dividend to rise 12.5% to $0.90 per share in Q1 2026; 2026 capital return target set at $900 million to $1.1 billion
ARMOUR Residential REIT reported unaudited fourth-quarter 2025 GAAP net income available to common stockholders of $208.7 million, or $1.86 per share, up from $156.3 million, or $1.49 per share, in the third quarter. Distributable Earnings per common share were $0.71, compared with $0.72 in the prior quarter, and book value per common share rose to $18.63 from $17.49.
Q4 2025 GAAP net income available to common stockholders: $208.7 million, or $1.86 per common share (Q3 2025: $156.3 million, or $1.49)
Distributable Earnings available to common stockholders: $79.8 million, or $0.71 per common share (Q3 2025: $0.72)
Book value per common share: $18.63 at December 31, 2025, up 6.5% from $17.49 at September 30, 2025
Q4 2025 total economic return of 10.63%; common dividends of $0.72 per share for the quarter
Texas Pacific Land reported fourth-quarter and full-year 2025 results on February 18, 2026. Fourth-quarter revenue was $211.6 million and net income was $123.3 million, both up from the third quarter, and full-year revenue of $798.2 million and net income of $481.4 million were fiscal-year records. The board declared a quarterly dividend of $0.60 per share, a 12.5% increase, payable March 16, 2026.
Full-year 2025 revenue was $798.2 million, up from $705.8 million in 2024.
Full-year 2025 net income was $481.4 million, or $6.97 per diluted share, compared with $454.0 million in 2024.
Fourth-quarter net income was $123.3 million, or $1.79 per diluted share, versus $121.2 million in the third quarter.
The quarterly dividend rose to $0.60 per share from $0.53, payable March 16, 2026 to holders of record on March 2, 2026.
SM Energy agreed on February 17, 2026, to sell about 61,000 net acres and related assets in its southern Maverick Basin position in Webb County, Texas, to Caturus Energy for $950 million in cash, subject to customary adjustments. The company said it expects to use the proceeds mainly to reduce debt, and the deal is expected to close in the second quarter of 2026, subject to closing conditions including regulatory clearance and consents.
Cash purchase price of $950 million, subject to customary purchase price adjustments; Caturus deposited seven and one-half percent of the unadjusted price into escrow.
Assets include about 260 producing wells, with 2026 production expected at 37-39 MBoe/d and asset-level cash flows of about $160 million for the full year, excluding corporate burdens.
Expected closing in the second quarter of 2026 with an effective date of February 1, 2026; closing depends on Hart-Scott-Rodino waiting period expiration and required consents.
CEO Beth McDonald said the sale largely accomplishes a key priority of selling more than $1.0 billion in assets, and the company plans to share its updated return-of-capital program when it reports earnings next week.
Occidental reported a fourth-quarter 2025 net loss attributable to common stockholders of $68 million, or $0.07 per diluted share, and adjusted income of $315 million, or $0.31 per diluted share, mainly reflecting charges and transaction costs tied to the OxyChem sale. Shareholders also got a dividend increase to $0.26 per share, and the company said it reduced debt by $5.8 billion after the OxyChem sale closed on January 2, 2026.
Q4 2025 net loss of $68 million ($0.07 per diluted share) versus reported income of $661 million ($0.65 per share) in Q3 2025
Q4 2025 adjusted income of $315 million ($0.31 per diluted share), down from $649 million ($0.64) in Q3 2025
Total company production of 1,481 Mboed, above the high end of guidance; operating cash flow of $2.6 billion
Quarterly dividend raised by more than 8% to $0.26 per share, payable April 15, 2026, to holders of record as of March 10, 2026
Coca-Cola Consolidated reported fourth quarter and fiscal 2025 results in a news release furnished as Exhibit 99.1. Fourth quarter net sales rose 9.0% to $1.9 billion and income from operations rose 10.7% to $242.1 million, but GAAP net income fell 23.3% to $137.3 million, mainly because of a prior-year benefit from a contingent consideration fair value adjustment. The company also said it repurchased all remaining shares owned by The Coca-Cola Company in the fourth quarter for approximately $2.4 billion.
Q4 2025 net sales were $1,904.2 million, up 9.0% from $1,746.5 million in Q4 2024; volume rose 4.6%.
Q4 2025 income from operations was $242.1 million, up 10.7%; gross margin fell 40 basis points to 39.6%.
Q4 2025 GAAP net income was $137.3 million versus $178.9 million, a decline of 23.3%; adjusted net income was $157.8 million versus $156.7 million.
Fiscal 2025 net sales were $7.2 billion, up 4.8%; fiscal 2025 GAAP net income was $570.6 million, down 9.9%.
Broadstone Net Lease reported fourth-quarter 2025 revenue of $118.3 million, up from $112.1 million a year earlier, with net income of $35.0 million, or $0.17 per diluted share, versus $0.14 a year earlier. The company kept its 2026 AFFO guidance of $1.53 to $1.57 per diluted share unchanged, which signals no change in its outlook for shareholders, while full-year 2025 net income fell 41.9% to $99.4 million.
Q4 2025 revenue $118.3 million vs. $112.1 million in Q4 2024; net income $35.0 million, or $0.17 per diluted share, vs. $0.14
Q4 2025 AFFO $75.8 million, or $0.38 per diluted share, up 5.6% from the prior year
Full-year 2025 net income $99.4 million, or $0.50 per diluted share, down 41.9%, mainly due to a $60.6 million smaller gain on sale of real estate
2026 AFFO guidance of $1.53 to $1.57 per diluted share unchanged; quarterly dividend declared at $0.2925 per share, payable April 15, 2026
Invitation Homes reported fourth-quarter and full-year 2025 results on February 18, 2026. Q4 total revenues rose 4.0% to $685 million and diluted net income per share rose to $0.24 from $0.23, while Core FFO per share rose 1.3% to $0.48. The company guided 2026 Core FFO per share to $1.90 to $1.98, a midpoint of $1.94 versus $1.91 reported for 2025, but Same Store average occupancy fell 90 basis points year over year to 95.9% in Q4.
Q4 2025 total revenues $685 million, up 4.0%; net income per diluted share $0.24 versus $0.23 a year earlier
FY 2025 Core FFO per share $1.91, up 1.7%; AFFO per share $1.63, up 1.8%
FY 2026 guidance: Core FFO per share $1.90 to $1.98 and AFFO per share $1.60 to $1.68; Same Store NOI growth 0.3% to 2.0%
Company repurchased about $100 million of shares to date, including January 2026, under a $500 million program authorized October 28, 2025
Etsy signed an agreement on February 15, 2026 to sell its Depop fashion resale marketplace subsidiary to eBay for approximately $1.2 billion in cash, subject to purchase price adjustments. The deal is expected to close in the second quarter of 2026, subject to antitrust approvals and other closing conditions. Etsy said it will use the proceeds for general corporate purposes, continued share repurchases and investment in its core marketplace.
Purchase price is approximately $1.2 billion in cash, subject to adjustments for Depop's working capital, transaction expenses, cash, indebtedness and certain forfeited equity awards
Expected closing is the second quarter of 2026; outside date is November 15, 2026, extendable to February 15, 2027 for antitrust approvals
Purchaser would pay Etsy a $90 million termination fee in certain antitrust-related terminations and an additional $70 million fee on certain other termination events
Etsy will report fourth quarter and full year 2025 results and first quarter 2026 outlook the day after this announcement, per the press release
Reliance reported fourth-quarter 2025 net sales of $3.5 billion, up 11.9% from a year earlier, with tons sold up 5.8%. Non-GAAP diluted EPS of $2.40 came in below management's $2.65 to $2.85 guidance range; the company said that normalizing for LIFO and tax impacts would have placed it within guidance at $2.65. Full-year 2025 diluted EPS fell 10.2% to $13.98, and the company guided first-quarter 2026 non-GAAP EPS to $4.50 to $4.70.
Q4 2025 net sales $3.5 billion, up 11.9% year over year; diluted EPS $2.22 versus $1.93 a year earlier
Q4 non-GAAP diluted EPS $2.40 versus management guidance of $2.65 to $2.85, including a $0.25 per share unfavorable LIFO and tax true-up
Full-year 2025 net sales $14.3 billion, up 3.3%; diluted EPS $13.98, down 10.2%
Q1 2026 non-GAAP EPS guidance $4.50 to $4.70; quarterly dividend of $1.25 per share payable March 20, 2026
Royal Gold reported fourth-quarter revenue of $375.3 million, up from $202.6 million a year earlier, and full-year 2025 revenue of $1.03 billion, up from $719.4 million. Full-year net income attributable to stockholders rose to $466.3 million ($6.70 per basic share) from $332.0 million, and the company raised its 2026 dividend to $1.90 per share, its 25th consecutive annual increase.
Q4 2025 revenue of $375.3 million vs. $202.6 million in Q4 2024; Q4 net income of $93.6 million ($1.16 per share)
Full-year 2025 revenue of $1,030.5 million vs. $719.4 million; net income of $466.3 million vs. $332.0 million
Full-year 2025 operating cash flow of $704.8 million vs. $529.5 million
2026 annual dividend increased to $1.90 per share from $1.80 paid in 2025
ONE Gas, Inc. said Curtis Dinan, its senior vice president and chief operating officer, will be promoted to president and chief operating officer effective March 1, 2026. CEO Robert McAnnally will remain chief executive officer and focus on long-term strategy, and the company said the change does not alter its strategy, regulatory commitments or financial outlook.
Curtis Dinan, 58, becomes president and chief operating officer effective March 1, 2026, and will run day-to-day natural gas distribution operations, reporting to McAnnally.
Dinan's base salary will rise to $600,000, with a short-term incentive target of 75% of base salary.
Dinan's 2026 long-term equity award has a grant date value of $1,000,000, split 60% performance stock units and 40% restricted stock units.
Robert S. McAnnally, 62, continues as president and chief executive officer's role of chief executive officer with no material change to his employment terms or compensation.
Omnicom reported fourth-quarter 2025 revenue of $5.5 billion, up 27.9% from a year earlier, with one month of contribution from the Interpublic (IPG) acquisition that closed November 26, 2025. GAAP results swung to a net loss attributable to Omnicom of $941.1 million, driven by $1.1 billion of repositioning costs, a $543.4 million loss on planned dispositions and $186.7 million of IPG transaction costs, while non-GAAP adjusted EPS rose to $2.59 from $2.41. The Board also approved a $5.0 billion share repurchase program, including $2.5 billion of accelerated share repurchase arrangements.
Q4 2025 revenue was $5.5 billion, up from $4.3 billion; Q4 operating loss was $977.2 million versus operating income of $685.3 million a year earlier.
Q4 diluted loss per share was $4.02 versus diluted income of $2.26; non-GAAP adjusted diluted EPS was $2.59 versus $2.41.
Full-year 2025 revenue was $17.3 billion, and the net loss attributable to Omnicom was $54.5 million, compared with net income of $1,480.6 million in 2024.
The Board approved a $5.0 billion share repurchase program, and Omnicom entered into $2.5 billion of accelerated share repurchase arrangements.
CRH reported fiscal 2025 results with total revenues of $37.4 billion, up 5%, and diluted EPS of $5.51, up 10%. The company also guided to 2026 net income of $3.9 billion to $4.1 billion and diluted EPS of $5.60 to $6.05, and declared a quarterly dividend of $0.39 per share, up 5%.
FY 2025 total revenues $37.4 billion (up 5%); net income $3.8 billion (up 8%); Adjusted EBITDA $7.7 billion (up 11%)
FY 2025 diluted EPS $5.51, up 10%; diluted EPS pre-impairment $5.57, up 3%
2026 guidance: net income $3.9 billion to $4.1 billion; Adjusted EBITDA $8.1 billion to $8.5 billion; diluted EPS $5.60 to $6.05
Quarterly dividend of $0.39 per share, payable April 8, 2026, to holders of record on March 6, 2026
Remitly reported fourth-quarter 2025 revenue of $442.2 million, up 26%, and net income of $41.2 million, compared with a net loss of $5.7 million a year earlier. For full-year 2025, net income was $67.9 million, the company's first full year of GAAP profitability, and the company said results exceeded its prior guidance for revenue and Adjusted EBITDA. The company also named Sebastian Gunningham as its new Chief Executive Officer, replacing co-founder Matt Oppenheimer, who will remain Chairman.
Q4 2025 revenue was $442.2 million, up from $351.9 million; net income was $41.2 million versus a net loss of $5.7 million
Full-year 2025 net income was $67.9 million versus a net loss of $37.0 million; Adjusted EBITDA was $272.2 million, up 93%
2026 outlook: total revenue of $1.940 billion to $1.960 billion and Adjusted EBITDA of $340 million to $360 million; GAAP net income expected to be positive
Sebastian Gunningham appointed CEO; Matt Oppenheimer remains Chairman and will advise through a transition period
DoorDash reported fourth-quarter 2025 revenue of $3.955 billion, up 38% from a year earlier, and GAAP net income attributable to common stockholders of $213 million, up 51% year over year but down from $244 million in the prior quarter. For Q1 2026 it guided to Marketplace GOV of $31.0 billion to $31.8 billion and Adjusted EBITDA of $675 million to $775 million, and it said Free Cash Flow fell to $254 million in Q4 2025 from $420 million a year earlier.
Q4 2025 revenue rose 38% Y/Y to $3.955 billion; Adjusted EBITDA rose 38% Y/Y to $780 million
GAAP net income was $213 million in Q4 2025, versus $244 million in Q3 2025
Q1 2026 guidance: Marketplace GOV of $31.0 billion to $31.8 billion; Adjusted EBITDA of $675 million to $775 million
Free Cash Flow was $254 million in Q4 2025, down 40% Y/Y; no shares repurchased under the $5.0 billion February 2025 authorization as of February 17, 2026
Edison International reported fourth-quarter 2025 GAAP net income of $1,848 million, or $4.80 per share, versus $340 million, or $0.88 per share, a year earlier. Core EPS, which excludes non-core items, was $1.87 versus $1.05, and full-year 2025 core EPS was $6.55 versus $4.93, with the company noting that Southern California Edison's results benefited from a Woolsey Settlement Agreement cost recovery and revenue recognition from the 2025 GRC final decision. The company also introduced 2026 core EPS guidance of $5.90-6.20 and 2027 guidance of $6.25-6.65.
Q4 2025 core EPS of $1.87 vs $1.05 a year earlier; GAAP EPS of $4.80 vs $0.88
Full-year 2025 core EPS of $6.55 vs $4.93; full-year operating revenue of $19,317 million vs $17,599 million
2026 core EPS guidance of $5.90-6.20; 2027 core EPS guidance of $6.25-6.65, both as of Feb. 18, 2026
Board declared a quarterly common stock dividend of $0.8775 per share, payable April 30, 2026, to holders of record on April 7, 2026
eBay reported fourth-quarter 2025 revenue of $3.0 billion, up 15%, while GAAP earnings per diluted share fell 19% to $1.14 from $1.40. Non-GAAP EPS rose 13% to $1.41. The company also announced a definitive agreement to acquire Depop, Inc. for approximately $1.2 billion in cash, expected to close in the second quarter of 2026.
Q4 2025 revenue was $2,965 million, up 15% as reported and up 13% on an FX-neutral basis
GAAP net income from continuing operations was $525 million, down 23%; non-GAAP net income was $648 million, up 7%
Q1 2026 guidance: revenue of $3.00 to $3.05 billion and diluted GAAP EPS of $1.14 to $1.20
Depop acquisition from Etsy, Inc. is an all-cash transaction valued at approximately $1.2 billion
Carvana reported fourth-quarter and full-year 2025 results on February 18, 2026. Revenue grew 58% in the fourth quarter to $5.603 billion and 49% for the year to $20.322 billion, while the company expects significant growth in 2026 retail units and Adjusted EBITDA. Fourth-quarter Adjusted EBITDA margin fell to 9.1% from 10.1%, and net income was boosted by a tax benefit of about $685 million.
Q4 2025 revenue was $5.603 billion, up 58%, on 163,522 retail units sold, up 43%
Q4 2025 net income was $951 million, including a tax-related benefit of about $685 million; FY 2025 net income was $1.895 billion
Q4 2025 Adjusted EBITDA was $511 million, with margin down to 9.1% from 10.1%
Company expects significant growth in full-year 2026 retail units and Adjusted EBITDA, and a sequential increase in both in Q1 2026, assuming a stable environment
Equinix said Chief Sales Officer Mike Campbell will retire from that role effective March 31, 2026, and will then serve as a part-time Special Advisor through March 5, 2027. The change is a planned executive transition, and the filing does not indicate any financial results or guidance impact.
Campbell retires as Chief Sales Officer effective March 31, 2026
Transition Agreement signed February 16, 2026; Special Advisor role runs through March 5, 2027
Special Advisor base salary of $150,000 per year; no bonus eligibility after March 31, 2026
Previously granted equity awards continue to vest during the Transition Period
On February 11, 2026, Central Garden & Pet's board approved a $100 million increase in the company's share repurchase authorization, bringing the total to approximately $127 million as of that date. The same day, shareholders elected nine directors, ratified Deloitte & Touche LLP as auditor, and approved the advisory vote on executive pay. The filing also discloses the appointment of Kay M. Schwichtenberg to the board, effective March 1, 2026.
Board approved a $100 million increase to the share repurchase authorization on February 11, 2026; total authorization is approximately $127 million as of that date.
Company press release states management considers the market price of its shares to be currently undervalued.
Kay M. Schwichtenberg appointed to the board effective March 1, 2026, and to the Audit Committee; she retired as Executive Vice President, Animal & Public Health in February 2023.
Shareholders approved the executive compensation advisory vote with 16,346,943 votes for and 218,084 against.
Mondelez International entered into a new $1.5 billion 364-day senior unsecured revolving credit agreement on February 18, 2026, with JPMorgan Chase Bank, N.A. as administrative agent, and terminated its prior $1.5 billion 364-day facility dated February 19, 2025. The filing describes the facility as available for general corporate purposes, working capital and support of its commercial paper program, and it requires minimum shareholders' equity of at least $25.0 billion.
New facility: $1.5 billion, 364-day senior unsecured revolver, terminating February 17, 2027
Prior $1.5 billion 364-day revolving credit agreement, dated February 19, 2025, was terminated
Company may request up to $500 million in additional commitments and extend loan maturity to February 17, 2028
Covenant requires minimum shareholders' equity of not less than $25.0 billion
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