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Talos Energy Enters Offshore Mexico Farm-In Deal

Talos Energy (TALO) said late Monday it entered an agreement to farm into the Block 29 development in the southern Gulf of Mexico operated by Repsol through the acquisition of a 50% working interest.The company will acquire the stake for a contingent $30 million payment at final investment decision, a cash carry of up to $20 million on the next exploration well, and reimbursement of some pre-closing costs.The stake acquisition expands the company's resource base, strategic infrastructure, and establishes a platform for future exploration, according to a statement.The company expects to advance the project toward FID in 2027, and the deal is subject to regulatory approvals from Mexico, according to the company.

$TALO

Asia4d ago

Lark Distilling Fiscal Q4 Net Sales Jump 44% to AU$5 Million

Lark Distilling (ASX:LRK) reported a 44% increase in net sales to AU$5 million in the fiscal fourth quarter ended June 30, compared with the previous corresponding period, according to an Australian bourse filing on Monday after market hours.The company also reported domestic direct-to-consumer sales of AU$1.7 million, flat compared with the same period last year, while global travel retail recorded quarterly sales of AU$700,000, representing a 107% increase.Meanwhile, domestic business-to-business sales grew 8% year over year, driven by the encouraging early performance of the new signature whisky range.As of June 30, the company's cash at the bank stands at AU$14.3 million, with AU$11 million in cash term deposits and AU$5 million committed bank facility remaining undrawn.

ASX:LRK

Mining & Metals4d ago

Topaz Energy Misses Q2 Estimates, Raises 2026 Royalty Production Outlook

Topaz Energy (TPZ.TO) reported second-quarter adjusted net income of C$45.79 million, or C$0.29 per share, up from C$26.03 million, or C$0.17, a year earlier. It missed FactSet estimates of C$0.30 per shareThe oil and gas infrastructure and royalty company said total revenue and other income rose to C$111.21 million in the quarter from C$81.19 million. It missed FactSet estimates of C$122.00 millionDuring the second quarter, the company completed a C$38.7 million tuck-in royalty acquisition in its core operating area, adding developed and undeveloped royalty interests with multi-zone, liquids-rich natural gas and oil exploration upside.Topaz also declared a third-quarter dividend of C$0.35 per share, or C$1.40 per share on an annualized basis, representing a trailing annualized yield of 4.3% based on the company's current share price.In its guidance, Topaz said YTD 2026 average royalty production of 24,420 boe/d exceeds its previously announced 2026 royalty production guidance of 23,900 boe/d, reflecting strong performance and increased activity therefore Topaz has increased the annual average royalty production guidance range to 23,900 boe/d to 24,300 boe/d.Based on updated estimates, Topaz's 2026 exit net debt is estimated between $435.0 and $440.0 million, before consideration of incremental acquisitions, the company said.

$TPZ.TO

Commodities4d ago

US Natural Gas Update: Futures slump on Weakened Cooling Demand Forecasts

US natural gas futures extended losses in after-hours trading on Monday, with the front-month contract price falling as forecasts for cooler early-August weather combined with strong domestic production to reinforce expectations of a well-supplied market.The Henry Hub front-month contract fell 4.60% to $2.739 per million British thermal units, while the continuous contract lost 4.05% to $2.771/MMBtu.The Energy Buyers' Guide said the August NYMEX contract fell 10 cents to settle at $2.77/MMBtu with two trading sessions remaining before expiration, adding that the decline broke the sideways trading range that had persisted since early July and sent the prompt-month contract to its lowest level since 2021.Weather was the dominant bearish catalyst. The Commodity Weather Group forecast normal to below-normal temperatures across the central and eastern US for Aug. 1-5, reducing expected air-conditioning demand during a period that typically drives peak natural gas consumption.Aegis Hedging said Criterion data showed the Lower 48 cooled by 14 degrees Fahrenheit over the weekend, with the sharpest declines in the Northeast and Midwest, where temperatures in the one-to-five-day outlook fell by more than 17 degrees Fahrenheit.Current total demand for natural gas stood at 81.4 Bcf/d, up 2.7% year over year, Barchart, citing BNEF data, said.The weaker demand outlook comes as production remains elevated. Lower-48 dry gas production averaged 113.1 Bcf/d on Monday, up 3.7% from a year earlier.Feedgas flows to US LNG export terminals reached 18.1 Bcf/d, up 2.4% from the previous week, but under full capacity, as Freeport LNG undergoes maintenance expected to wind up in late August.

Wire4d ago

Brown & Brown Q2 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q2 adjusted earnings late Monday of $1.07 per diluted share, up from $1.03 a year earlier.Analysts polled by FactSet expected $1.08.Revenue in the three months ended June 30 rose to $1.68 billion from $1.29 billion a year earlier.Analysts expected $1.71 billion.The company's shares fell 1.8% in after-hours trading.

$BRO

Equities4d ago

Hess Midstream Raises Quarterly Distribution to $0.7888 per Class A Share, Payable Aug. 14 to Shareholders of Record Aug. 6

$HESM

Asia Markets4d ago

Update: US Equity Indexes Mixed as Chipmakers Drop, Pause in Iran Strikes Sinks Crude Oil

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as concerns over circular investments in the artificial intelligence industry hurt chipmakers and a third consecutive day of pause in Iran strikes sank crude oil.The Dow Jones Industrial Average climbed 0.5% to 52,210.08, and the S&P 500 rose less than 0.1% to 7,413.18 on Monday. The Nasdaq Composite fell 0.2% to 24,932.08.Technology was the third-worst performer after energy and utilities. Among companies with a market capitalization of more than $200 billion, seven of the 10 worst performers were from the semiconductor and semiconductor equipment and materials industries.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.4%, the Dow's steepest decliner. The SK Hynix stock plummeted 5.6%.Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday.The VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.3%.In geopolitical news, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. "They asked us very nicely, 'Please stop, let's meet,'" Trump told reporters aboard Air Force One, according to CNN. "And that's where we are right now, see what happens. If we don't make a deal, we go back to the same thing."Messages are still being passed between the sides through mediators, and Iran has not forsaken diplomacy, but reports that Iran is requesting negotiations are "fabricated," Iran's Foreign Ministry Spokesman Esmail Baghaei said on Monday, according to Reuters.Almost all of the 78 vessels that crossed the Strait of Hormuz since Saturday used the route designated by Iran, and none were recorded using the southern route near Oman's coast promoted by the US, CNN cited Mariks, a shipping industry intelligence provider, in its news report.Front-month US West Texas Intermediate sank 8.3% to $81.91 a barrel, and global benchmark North Sea Brent plunged 9.4% to $87.70 a barrel.Most US Treasury yields fell, with the 10-year down three basis points to 4.65% and the two-year lower by 1.1 basis points to 4.32%, as lower crude oil prices bode well for the 2% inflation target.In precious metal markets, gold futures rose 0.3% to $4,083.9, while silver futures edged down 0.2% to $58.80.In economic news, new orders for US durable goods rose by 0.3% in June following a decline of 4.0% in May compared with the expectations for 1.8% in a survey compiled by Bloomberg. Excluding a 0.2% decrease in transportation orders, new orders would have been up 0.6% in June after a 1.8% increase in May. Expectations were for a 0.8% gain.

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA$SKHY$SMH

Equities4d ago

Energy Transfer Raises Quarterly Cash Distribution by $0.0025 to $0.34 a Share, Payable Aug. 19 to Holders of Record Aug. 7

$ET

Equities4d ago

Ranger Energy Services Q2 Earnings Fall, Revenue Rises

Ranger Energy Services (RNGR) reported fiscal Q2 net income Monday of $0.29 per diluted share, down from $0.32 a year earlier.Three analysts polled by FactSet expected $0.30.Revenue for the quarter ended June 30 was $176.5 million, up from $140.6 million a year earlier.Three analysts expected $163.9 million.Shares rose around 3.6% in after-hours trading.

$RNGR

Insider Trading4d ago

Symbotic Insider Sold Shares Worth $377,361, According to a Recent SEC Filing

William M Boyd III, Chief Strategy Officer, on July 23, 2026, sold 9,194 shares in Symbotic (SYM) for $377,361. Following the Form 4 filing with the SEC, Boyd has control over a total of 57,112 Class A common shares of the company, with 57,112 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1837240/000193297326000021/xslF345X05/wk-form4_1785186579.xml

$SYM

Mining & Metals4d ago

Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook

Celestica (CLS.TO, CLS) reported second-quarter adjusted earnings of $2.54 per share after the market close Monday, up from $1.39 a year earlier. The result exceeded the company's guidance of $2.14 to $2.34 per share and the FactSet consensus estimate of $2.27.Adjusted net earnings, excluding most one-time items, for the three months ended June 30 rose to $295.4 million from $161.2 million in the prior-year period.Revenue rose to $4.70 billion from $2.90 billion a year earlier, topping the FactSet consensus estimate of $4.33 billion.For the third quarter, the AI-infrastructure company expects revenue of $5.25 billion to $5.55 billion and adjusted earnings of $2.88 to $3.08 per share.While for full 2026 financial year, the company expects a revenue of $20.5 billion (previous outlook $19.0 billion) and adjusted EPS of $11.30 (previous outlook $10.15).The company's shares were last seen up $28.29, or 9%, to $346.11 in after-hours New York trading. They closed up C$19.42 to C$449.49 on Toronto Stock Exchange on Monday.

$CLS.TO

Wire4d ago

Celestica Q2 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

Celestica (CLS) reported Q2 adjusted earnings late Monday of $2.54 per diluted share, up from $1.39 a year earlier.Analysts polled by FactSet expected $2.27.Revenue in the three months ended June 30 rose to $4.7 billion from $2.89 billion a year earlier.Analysts expected $4.33 billion.Celestica expects Q3 adjusted EPS of $2.88 to $3.08 on revenue of $5.25 to $5.55 billion.Analysts project EPS of $2.65 on revenue of $4.94 billion.The company boosted full-year guidance to adjusted EPS of $11.30 on revenue of $20.5 billion from the prior forecast of EPS of $10.15 on revenue of $19 billion.Analysts project EPS of $10.13 on revenue of $18.95 billion.Celestica shares rose 9.4% in after-hours trading.

$CLS

Commodities4d ago

Noble Q2 Floater Utilization Falls, Wins $200 Million in New Contracts

Houston-based offshore drilling contractor Noble Corp. said its fleet of 24 marketed floaters was 61% contracted in Q2 2026, down from 68% in Q1, though recent contract awards added about 16 months of new floater backlog and leading-edge dayrates for Tier-1 drillships increased to the mid-$400,000s.Utilization of Noble's five marketed ultra-harsh environment jackups rose to 80% in Q2 from 66% in the prior quarter.The company said it secured approximately $200 million in new Q2 contracts, including a six-well award for the Noble Viking in the Asia-Pacific region that is scheduled to begin in early 2028 and last about 300 days.The Noble Claus Bachmann was also awarded a three-well contract with BP (BP) in the UK North Sea that is expected to begin in March 2027 and run for 150 to 210 days at a day rate of $320,000, plus a $5 million mobilization fee.The rig's previously announced three-year campaign with Aker BP will now begin immediately after completion of the BP contract.Noble said its backlog stood at $6.8 billion as of July 27, excluding mobilization and demobilization revenue.Chief Executive Robert Eifler said that while the company faces some near-term revenue headwinds, the market outlook remains promising for 2027 and beyond in both the deepwater and harsh-environment segments, as reflected by recent contract awards at higher dayrates.

$BP$NE

Oil & Energy4d ago

Saudi Crude Transit Through Bab el-Mandeb Drops Sharply After Houthi Attacks, Kpler Says

Saudi crude exports continue to move through the Bab el-Mandeb Strait despite a sharp drop in transit volumes following Houthi attacks, Kpler said in a Monday note.Before the July 22 attacks, crude cargoes loaded at Saudi Arabia's west coast averaged about 3 million barrels per day through the strait, reflecting regular shipments from Yanbu to Asia.Kpler said the attacks marked an escalation in Houthi targeting of Saudi-linked shipping in the Red Sea.Since July 22, only six Saudi-loaded crude tankers have crossed Bab el-Mandeb, with transit volumes averaging about 1.5 million b/d over the six days after the attacks.The transit volumes have dropped by almost 50%, although Saudi crude exports have not stopped, according to Kpler.Kpler said it has not confirmed any suspension of Saudi crude loadings from Yanbu or vessel crossings through the strait.The firm said the shipping corridor remains open even as traffic continues at a slower pace.

Wire4d ago

Bank of N.T. Butterfield & Son Q2 Core Earnings, Revenue Rise

Bank of N.T. Butterfield & Son (NTB) reported Q2 core earnings late Monday of $1.58 per diluted share, up from $1.26 a year earlier.Three analysts polled by FactSet expected $1.51.Revenue in the three months ended June 30 rose to $158.3 million from $146.3 million a year earlier.Three analysts surveyed by FactSet expected $156.9 million.Butterfield shares fell 1.2% in after-hours trading.

$NTB

US Markets4d ago

Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus

(Updates with market moves at the end of the day.)US stocks ended mixed in what turned out to be a choppy session on Monday as oil prices tumbled, with investors awaiting the Federal Reserve's monetary policy decision and major earnings releases.The Dow Jones Industrial Average rose 0.5% to 52,210.08, while the Nasdaq Composite edged down 0.2% to 24,932.08. The S&P 500 settled just above the flatline at 7,413.18. Most sectors were in the green, led by consumer staples, while energy saw the steepest decline.West Texas Intermediate crude oil was down 8% at $82.19 a barrel in Monday late-afternoon trade, while Brent slumped 9.2% to $87.90.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.1 basis points to 4.35%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities expects three dissents as a base case, but said it won't be surprised to see two more pushing for a rate hike.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5%, the worst performer on the Dow, while SK Hynix slumped 7.5%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash. TransDigm shares advanced 4%.Gold edged up 0.3% to $4,083.90 per troy ounce, while silver lost 0.2% to $58.80 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM

Insider Trading4d ago

Weatherford International Insider Sold Shares Worth $1,357,426, According to a Recent SEC Filing

Neal P Goldman, Director, on July 23, 2026, sold 16,000 shares in Weatherford International (WFRD) for $1,357,426. Following the Form 4 filing with the SEC, Goldman has control over a total of 12,187 ordinary shares of the company, with 12,187 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1603923/000121277426000004/xslF345X05/wk-form4_1785184943.xml

$WFRD

Insider Trading4d ago

Weatherford International Insider Sold Shares Worth $516,540, According to a Recent SEC Filing

Benjamin Duster, Director, on July 23, 2026, sold 6,000 shares in Weatherford International (WFRD) for $516,540. Following the Form 4 filing with the SEC, Duster has control over a total of 11,187 ordinary shares of the company, with 11,187 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1603923/000131307126000012/xslF345X05/wk-form4_1785185024.xml

$WFRD

Mining & Metals4d ago

TFI International Posts Higher Second-quarter Adjusted Earnings, Revenue; Q3 EPS Outlook Set

TFI International (TFII.TO) after trade Monday reported second-quarter adjusted earnings of $1.85 per diluted share, up from $1.34 per diluted share a year earlier.Analysts polled by FactSet expected $1.60.Revenue for the quarter ended June 30 was $2.29 billion, up from $2.04 billion a year ago.Analysts expected revenue of $2.22 billion.The company said it expects third-quarter adjusted diluted earnings per share to be in the range of $1.70 to $1.80 "assuming no significant positive or negative change in the operating environment."

$TFII.TO

Wire4d ago

OPKO Health Q2 Loss Narrows, Revenue Rises; Shares Gain After Hours

OPKO Health (OPK) reported a Q2 loss late Monday of $0.01 per diluted share, narrowing from the loss of $0.19 a year earlier.Analysts polled by FactSet expected a loss of $0.08.Revenue in the three months ended June 30 rose to $163.5 million from $156.8 million a year earlier.Analysts expected $131.2 million.OPKO expects Q3 revenue of $131 million to $142 million. Analysts project $134.7 million.The company expects full-year revenue of $560 million to $585 million. Analysts project $536.8 million.OPKO shares rose 18% in after-hours trading.

$OPK

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Asia Markets4d ago

Update: US Equity Indexes Mixed as Chipmakers Drop, Pause in Iran Strikes Sinks Crude Oil

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA$SKHY$SMH