Gerdes Ups Magnolia Oil & Gas to Buy, Sees $29 on Deleveraging
Gerdes Energy Research upgraded Magnolia Oil & Gas to Buy with a $29 target after the company posted $223.7 million in adjusted free cash flow and hit sub-1x leverage a year early.
Topic
Share Buybacks
Topic
Share Buybacks
Dropbox Spent $1.7 Billion on Buybacks, More Than Double Its R&D
Dropbox spent $1.7 billion on buybacks, more than twice its $730 million R&D outlay, even as CEO Drew Houston pitches the AI tool…
Telos First-Quarter Revenue Jumps 56% as Profit Turns Positive
Telos beat first-quarter revenue guidance as Security Solutions grew 78%. Net income reached $2 million and free cash flow $6.4 m…
CF Industries’ EBITDA Rises 25% as Nitrogen Market Stays Tight
CF Industries posted $833 million of adjusted EBITDA in Q3, while FreedomHolding sees a tight nitrogen market, a Yazoo City resta…
Dropbox's $1 Billion Convertible Notes Refinance Debt, Fund Buybacks
Dropbox plans to offer $1 billion in convertible notes due 2031, repay at least $750 million of term debt, buy back approximately…
Berkshire’s $9.6 Billion Buyback Comes With a 5.8% Earnings Drop
Berkshire spent $9.6 billion on third-quarter buybacks, but insurance underwriting profit fell 43%, exposing pressure on Greg Abe…
Saba's Closed-End Fund II Renews 10% Buyback Through 2027
Saba Capital Income & Opportunities Fund II renewed a buyback covering up to 10% of common shares through fiscal 2027, aiming to…
AppLovin Stock Soars 23% After Q3 Earnings Beat
AppLovin, the S&P 500's worst 2026 performer, jumped 23% after hours on a Q3 beat: $2.18 billion revenue, $4.30 EPS, and a $3.2 b…
Meta's $95 Billion Stock Sale Could Dilute Investors by 5.9%
Meta's $95 billion stock offering could add 152.9 million shares, a 5.9% dilution. Alphabet raised $62 billion in two quarters to…
BP quarterly profit jumps to $8.46bn as refining margins surge
BP’s third-quarter underlying replacement cost profit rose to $8.46bn from $2.2bn as refining margins and trading surged, beating…
Shell Doubles Quarterly Profit to $10.8bn as War-Driven Oil Prices Bite
Shell's adjusted profit hit $10.8bn in July-September, doubling year-on-year and beating forecasts, as war-damaged refineries pus…