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Delta Air Lines Inc: 1 director

A director at Delta Air Lines Inc sold 50,000 shares at 50.000USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

Transocean Inc.: Improved deepwater market and robust backlog provide ...

Our credit view of this issuer reflects its contracted revenue backlog of $8.9 billion, constrained by its high debt levels and complex capital structure.

Ryder System Inc: 2 directors

Two Directors at Ryder System Inc sold 11,671 shares at between 119.159USD and 119.398USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...

 PRESS RELEASE

Transocean Ltd. Reports First Quarter 2024 Results

Transocean Ltd. Reports First Quarter 2024 Results              Three months ended     March 31,  December 31,    Sequential 2024 2023 change(In millions, except per share amounts and backlog)           Contract drilling revenues$763   $741   $22  Adjusted contract drilling revenues$767   $748   $19  Revenue efficiency(1) 92.9 %    97.0 %    (4.1)%  Operating and maintenance expense$523   $569   $(46) Net income (loss) attributable to controlling interest$98   $(104)  $202  Diluted earnings (loss) per share$0.11   $(0.13)  $0.24              Adjusted EBITDA$199   $122   $77  Adjusted EBITDA...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Transocean Minor model adjustments

We have updated our estimates, primarily due to Transocean’s recent fleet status report. Despite having small delays included in the fleet status report, we remain just above the guidance and largely in line with Bloomberg consensus ahead of the Q1 results (due today after market close). We expect Q1 EBITDA of USD195m, largely in line with consensus (USD190m) and just above the guidance (USD188m). We do not consider these changes to be material, and we have not changed our HOLD recommendation. W...

Blair Levin
  • Blair Levin

NSR Policy: The Interconnections of ACP, Spectrum, Title II, and the S...

In this weekend update, we reconsider our initial takes on several events last week and how they could be affected by events this week. Specifically, we look at the interplay of the FCC’s Title II Order, the Second Circuit opinion upholding New York State’s mandate for ISPs to offer low-income households a low-cost broadband offering, Senator Cantwell’s draft spectrum bill, and how all are affected by the end of ACP funding in the next few weeks.

 PRESS RELEASE

Freeport-McMoRan Publishes 2023 Annual Report on Sustainability

PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its 2023 Annual Report on Sustainability detailing its environmental, social and governance performance during the year. This report marks FCX’s 23rd year of reporting on its sustainability progress. FCX has a long history of responsible production practices and strives to embrace evolving stakeholder expectations. This press release features multimedia. View the full release here: Richard C. Adkerson, Chairman and Chief Executive Officer, said, “Our sustainability programs are at the forefront of...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

 PRESS RELEASE

Constellium Reports First Quarter 2024 Results

Constellium Reports First Quarter 2024 Results PARIS, April 24, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the first quarter ended March 31, 2024. As a reminder of the press release issued on February 21, 2024 and following the SEC comment letter review process, Constellium will no longer report Value-Added Revenue (VAR), a Non-GAAP financial measure. In addition, the Company has revised its definition of consolidated Adjusted EBITDA, a Non-GAAP financial measure, to no longer exclude the non-cash impact ...

Daniel Ives ... (+4)
  • Daniel Ives
  • John Katsingris
  • Sam Brandeis
  • Steven Wahrhaftig

AutoNation, Inc.: Update to credit analysis

Our credit view of AutoNation reflects its balanced financial strategy, its diversified and flexible operating model and its ability to manage operating profit pressure.

 PRESS RELEASE

Freeport-McMoRan First-Quarter 2024 Financial and Operating Results Re...

PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its first-quarter 2024 financial and operating results press release on the Investor Relations page of its website at . This press release features multimedia. View the full release here: As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly results. The conference call will be webcast on the Internet along with slides. Interested parties may listen to the conference call live and view the slides on th...

Daniel Ives ... (+4)
  • Daniel Ives
  • John Katsingris
  • Sam Brandeis
  • Steven Wahrhaftig

Moody's Ratings affirms AutoNation's Baa3 senior unsecured ratings

Moody's Ratings (Moody's) today affirmed AutoNation, Inc.'s ("AutoNation"), Baa3 long term issuer and senior unsecured ratings and Prime-3 short-term commercial paper rating. The outlook remains stable. The affirmation reflects AutoNation's favorable credit metrics, meaningful scale, geographic di...

Blair Levin
  • Blair Levin

NSR Policy Key Policy Controversies Heading into Earnings: ACP, NN7/S...

In this special weekend update, we summarize the status of the key policy controversies that may be relevant to investors during earnings season.

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