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EQB Reports Q2 Adjusted Earnings Miss as Revenue Falls; Raises Dividend, Advances PC Financial Acquisition

EQB (EQB.TO), which is in the process of acquiring PC Financial from Loblaw (L.TO), on Wednesday after market close reported a 17% year-over-year drop in its fiscal second-quarter adjusted earnings, as lower revenue weighed on results and earnings missed analysts' estimates.Adjusted net income, excluding most one-time items, dropped to C$78.31 million, or $2.03 per share, from $94.21 million, or $2.31. Analysts polled by FactSet had expected $2.07 per share.Quarterly revenue contracted to $302.36 million, from $315.95 million, just below the $304.4 million forecast.The company also declared a dividend of $0.61 per common share payable on June 30, 2026, to shareholders of record as of June 15, 2026, representing 3% and 15% increases from the dividends paid in March 2026 and June 2025, respectively."The second quarter reflected solid performance during a persistently uncertain economic environment and our team performed well against this backdrop, continuing to demonstrate operating discipline, renewed focus, and financial resilience," said CEO Chadwick Westlake."As we look ahead to the second half of the year, our business will meaningfully shift with the anticipated July 1 close of our PC Financial transaction - positioning us to serve millions of Canadians as a challenger at scale. Through a new loyalty-linked banking ecosystem, we will provide Canadians with better value, better products, more rewards and new channels, putting real choice and control back into their hands and giving every Canadian the opportunity to get ahead, every day," added Westlake.EQB said it secured final approval for the acquisition of PC Financial from the Minister of Finance and National Revenue on May 5. Through the acquisition, the company aims to expand its customer base to 3.3 million Canadians, add approximately $5.8 billion in assets and $800 million in direct retail deposits.EQB's provision for credit losses were up 16% quarter-over-quarter, "reflecting higher performing and impaired provisions", the company said.The company said it purchased and cancelled 1,226,734 shares through its active Normal Course Issuer Bid, supporting a return of capital for shareholders.EQB shares closed down $3.23 to $114.09 on the Toronto Stock Exchange.

$EQB.TO

Commodities49d ago

US Natural Gas Update: Prices Rise on Hotter US Forecasts

US natural gas futures maintained Wednesday's gains in after-hours trading as hotter-than-expected early-June weather forecasts reinforced expectations for stronger cooling demand and a tighter summer supply-demand balance.Both the July front-month Henry Hub contract and the continuous contract rose 2.59% to $3.088 per million British thermal units.The price rise came as updated 6-15 day forecasts trended warmer, encouraging short covering and shifting market attention away from lingering shoulder-season oversupply concerns toward rising summer demand expectations."The market is starting to look past shoulder-season looseness toward early summer demand," Gelber & Associates said.The Commodity Weather Group said above-normal temperatures are expected across the western half of the country during June 1-10.Aegis Hedging said the warming trend was led by the south-central US, where temperatures across the 15-day outlook increased by 21.6 degrees Fahrenheit. Cooling degree days are expected to soften briefly into the weekend before climbing toward 10 CDDs by the end of the forecast period.Power-sector consumption reflected stronger cooling-load expectations. Celsius Energy estimated Thursday's power burn at 26.1 Bcf, up 2.6 Bcf from the previous day and 3.1 Bcf above year-ago levels.Total demand, Barchart said, citing BNEF data, was estimated at 70.1 Bcf/d, up 6.4% from a year ago.The LNG sector remained steady despite ongoing maintenance work as BNEF data cited by Barchart showed LNG flows to US export terminals at 18.6 Bcf/d on Wednesday, up 200 million cubic feet per day from the prior day and 4.8% higher week on week.Gelber said dry gas production remains anchored near 110 Bcf/d, while Canadian imports provide a stable secondary supply of near 5 Bcf/d. BNEF data showed Lower-48 dry gas output at 109.8 Bcf/d on Wednesday, down 800 MMcf/d from the previous day but still 1.9% above year-earlier levels.Attention is now turning to Thursday's US Energy Information Administration storage report. Gelber estimates an injection of 90 Bcf, below the 101 Bcf build recorded in the comparable week last year. It said a smaller-than-year-ago build could reinforce expectations that early summer heat and resilient LNG demand are beginning to tighten balances heading into July.

Research Alert: Snow Beats Expectations In Q1, Lifts Fy 27 Guidance As Ai Momentum Continues

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SNOW posted Q1 FY27 sales of $1.39B (+33% Y/Y), beating consensus $1.32B, with product revenue of $1.33B (+34%, accelerating from +30% in Q4). Non-GAAP EPS of $0.39 (+63%) exceeded Street expectations of $0.32, while operating margin of 11.9% surpassed 9% guidance. The company raised Q2 product revenue guidance to $1.415-1.420B (implying total revenue of about $1.49B vs. $1.44B consensus) and lifted FY27 product revenue guidance to $5.84B from $5.66B, with operating margin guidance increased to 13.5% from 12.5%. We find these results comforting amid recent software selling pressures, as SNOW continues positioning as a net beneficiary of rapidly improving AI capabilities. Growth metrics stabilized with NRR at 126% (+100 bps Q/Q, +200 bps Y/Y) and AI product accounts surging to 13,600 from 9,100 (+49% Q/Q). Strategic partnerships expanded with a $6B AWS agreement and deepened OpenAI collaboration. We expect margin outperformance to continue as costs remain below feared levels while revenue exceeds expectations.

$SNOW

Research Alert: Ntnx Posts Q3 Beats; Margins Outlook Show Improvement

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NTNX delivered Q3 FY 26 beats, with revenue of $703.1M (+10% Y/Y) exceeding consensus by $16.7M, due to subscription traction and healthy demand. Annual recurring revenue grew 14% Y/Y to $2.43B, though sequential growth decelerated. Strong operating leverage drove GAAP margin expansion of 240 bps to 10.0% and non-GAAP margin growth of 80 bps to 22.3%. The company launched strategic AI initiatives including Nutanix Agentic AI solution, NetApp alliance, and NKP Metal for Kubernetes, positioning NTNX to capitalize on AI infrastructure demand beyond traditional virtualization. Management raised FY 26 revenue guidance to $2.82B-$2.84B and non-GAAP operating margin to 22.5%, while increasing FCF expectations to $760M-$780M, though Q4 revenue guidance of $725M-$745M came below estimates. We believe the margin and FCF guidance increases suggest moderation in supply chain challenges, while AI initiatives expand NTNX's addressable market opportunities in hybrid cloud and enterprise AI adoption.

$NTNX

Ouster Insider Sold Shares Worth $377,320, According to a Recent SEC Filing

Cyrille Jacquemet, Chief Revenue Officer, on May 26, 2026, sold 9,433 shares in Ouster (OUST) for $377,320. Following the Form 4 filing with the SEC, Jacquemet has control over a total of 123,158 common shares of the company, with 123,158 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1816581/000119312526242172/xslF345X05/ownership.xml

$OUST

Commodities49d ago

Russian Fuel Tanker Reportedly Diverts From Cuba as Island Faces Deepening Energy Crisis

A Russian tanker carrying up to 300,000 barrels of fuel was diverted from Cuba, dealing another setback to the island's worsening energy shortage, according to multiple media reports on Wednesday citing vessel-tracking data.Tracking data from Kpler and LSEG showed the tanker Universal changed its destination from Cuba to "for order," maritime jargon for a vessel awaiting directions, after spending weeks idling in the Sargasso Sea.The Russia-flagged vessel had loaded diesel cargo at a Russian port and was expected to help ease fuel shortages that continue to strain Cuba's fragile electricity network.Cuba has struggled to secure fresh oil shipments after the US tightened pressure on countries supplying fuel to Havana and restricted Venezuelan crude exports to the island following the removal of President Nicolas Maduro in January.

Flow Capital Names Matthew Gan Chief Financial Officer; Set to Move Listing From TSX Venture to CSE

Flow Capital (FW.V) after trade Wednesday said it appointed Matthew Gan as chief financial officer effective June 1, replacing Michael Denny, who is retiring after serving in the role since September 2023.Gan has over 13 years of experience across finance, investments, capital markets, and operating leadership, and he most recently served as managing director of credit and due diligence at the company, according to the statement."On behalf of the board and the entire Flow Capital team, I want to thank Michael for his meaningful contributions to the company. During his tenure, Michael played an important role in strengthening our finance function and helping guide the Company through significant operational enhancements," Chief Executive Alex Baluta said.The company also said its shares are expected to begin trading on the Canadian Securities Exchange on June 1. In connection with the move, Flow Capital plans to voluntarily delist from the TSX Venture Exchange effective May 29. "The company's trading symbol 'FW' will remain unchanged, and shareholders will not be required to take any action in connection with the CSE listing," it added.

$FW.CN$FW.V

Volatus Aerospace Raising $30 Million in a Bought-Deal Share Offering

Volatus Aerospace (FLT.TO) on Wednesday said it is raising $30 million in a bought-deal share offering.The company is selling underwriters 46.2-million shares priced at $$0.65 each. The underwriters also have an over-allotment option to acquire 15% more of the company's shares, should demand warrant."Volatus expects the net proceeds of the Offering will be used to advance the Company's long-term strategy, including: (1) investing in expanded facilities and manufacturing capacity to fulfill increased demand internationally; (2) product development of further enhanced capabilities for remotely piloted aircraft systems for the defence industry; (3) enhancing the ability to consider larger acquisitions of complementary technologies and businesses; (4) increasing the Company's attractiveness as a stable and reliable long-term supplier and strengthening the Company's balance sheet to demonstrate additional working capital when bidding for larger governmental and commercial contracts; and (5) for general corporate purposes," the company said.Volatus shares closed down $0.01 to $0.72 on the Toronto Stock Exchange.

$FLT.TO

Cameco Adds Its 2026 Consolidated Production Outlook Remains Unchanged

$CCO.TO

Cameco Says McArthur River/Key Lake Operation Returned to Full Production Activities Following a Disruption Caused By Flooding in Northern Saskatchewan

$CCO.TO

Cameco Announcing McArthur River/Key Lake Operation Resumes Production

$CCO.TO

Monolithic Power Systems Insider Sold Shares Worth $7,932,150, According to a Recent SEC Filing

Saria Tseng, Executive Vice President & General Counsel, on May 22, 2026, sold 5,000 shares in Monolithic Power Systems (MPWR) for $7,932,150. Following the Form 4 filing with the SEC, Tseng has control over a total of 152,783 common shares of the company, with 151,783 shares held directly and 1,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1280452/000121465926006798/xslF345X05/marketforms-73255.xml

$MPWR

Research Alert: Crm: Mixed Results; Unable To Alleviate Software Concerns

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CRM posted Apr-Q revenue growth of 13% to $11.1B, in line with expectations, with organic growth of ~9% excluding the $444M Informatica contribution. Non-GAAP EPS of $3.88 significantly exceeded consensus of $3.13 (+50% Y/Y), driven by revenue growth, margin expansion, and buybacks. The quarter's most compelling narrative centers on Agentforce's continued scaling, with ARR reaching $1.2B (+205% Y/Y) and 3.8B Agentic Work Units delivered (+111% Q/Q), demonstrating CRM's early leadership in enterprise AI. Management raised FY 27 revenue guidance to $45.9B-$46.2B and expressed confidence in organic acceleration during H2 driven by Sales, Service, Slack, Agentforce, and Data 360 growth. We believe the combined Agentforce and Data 360 ARR of $3.4B (+200% Y/Y) underscores strong platform adoption, with over 50% of bookings from existing customer expansion. However, it's important to note that Agentforce remains less than 5% of total sales, indicating AI is still in early innings despite promising metrics.

$CRM

MKS Insider Sold Shares Worth $826,250, According to a Recent SEC Filing

David Philip Henry, Executive Vice President, Global Strategic Marketing, and General Manager, Materials Solutions Division, on May 26, 2026, sold 2,500 shares in MKS (MKSI) for $826,250. Following the Form 4 filing with the SEC, Henry has control over a total of 16,341 common shares of the company, with 16,341 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049502/000104950226000092/xslF345X05/form4.xml

$MKSI

Bank of Montreal Keeps Sector Perform, Target Raised To C$236 From $223 at National Bk After Q2; Notes "Capital Markets Drives the Quarter, But Other Elements Impress"

$BMO.TO

Ouster Insider Sold Shares Worth $1,350,023, According to a Recent SEC Filing

Darien Spencer, Chief Operating Officer, on May 26, 2026, sold 30,001 shares in Ouster (OUST) for $1,350,023. Following the Form 4 filing with the SEC, Spencer has control over a total of 342,366 common shares of the company, with 342,366 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1816581/000119312526242140/xslF345X05/ownership.xml

$OUST

Commodities49d ago

Market Chatter: Chevron Redirects SPR Oil to California Amid Middle East Supply Risks

California received an oil shipment from the US Strategic Petroleum Reserve this month for the very first time, according to a Reuters report Wednesday.The Iran conflict reduced shipments of Middle Eastern crude, increasing pressure on California, which imported about 230,000 barrels per day of regional oil last year.Strong demand from Asian buyers also limited alternative crude supplies available to California refiners, increasing dependence on emergency reserve barrels from the US Gulf Coast.About 460,000 barrels of Bayou Choctaw Sweet crude were delivered to Chevron's (CVX) Richmond refinery and another 50,000 barrels to the energy major's El Segundo facility in California, Kpler said, citing bills of lading.After loading nearly 980,000 barrels of Bayou Choctaw Sweet crude in Louisiana, tanker Red Moon discharged the cargo at Panama's Atlantic Terminal earlier in May, according to Kpler.A 131-kilometer pipeline then moved the crude across Panama to the Pacific Terminal on the west coast, where Chevron-chartered supertanker Pascagoula Voyager loaded roughly 2 million barrels for delivery to the US West Coast.According to Kpler, Pascagoula Voyager also carried Guyana's Unity Gold crude before smaller vessels transferred the strategic reserve barrels onward to California refineries along the Pacific Coast.Chevron did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX

Volatus Aerospace Announcing $30M Bought Deal Public Offering Of Common Shares

$FLT.TO