Calumet reported a strong Q2 adjusted EBITDA of $159 million, surpassing estimates of $116 million, fueled by strong Specialty Brands performance and early sustainable aviation fuel (SAF) production at its MRL facility. Although SAF ramp-up is slower than expected, cash flow remains robust, enabling rapid debt reduction and generating over $1 per share monthly in free cash flow. The company’s valuation has been updated to reflect higher cash generation, with an equity value estimate of $71.5 per share, while risks include market crack spreads, refining margins, and expansion execution. Overall, strong cash flow and deleveraging provide significant downside protection for investors.
Lincoln International is rated a BUY as it trades at an 11.8x forward price-to-earnings ratio, offering a 10% discount compared to its middle-market investment bank peers. The company reported strong 2Q26 results, with revenue up 51% year-over-year, ...
CREDI, a protocol by Credilabs, has introduced encrypted invoice and receivables financing on Starknet, protecting borrower identities and deal terms while ensuring transaction verification through cryptographic proofs. This innovation addresses priv...
Large Bitcoin holders, known as whales, have accumulated around 43,000 BTC over the past 60 days, marking a shift from previous months of selling. This accumulation suggests renewed confidence but does not yet indicate a permanent reduction in market...
IntraGel Therapeutics received up to $7 million in equity investment from UroGen Pharma to support the Phase 2 clinical development of TumoCure, a treatment for advanced head and neck cancer. UroGen also gained access to IntraGel's SRGel platform, a ...
SharonAI Holdings announced the successful delivery and customer acceptance of its initial AI Cloud deployment for a global technology company in the Asia-Pacific region. This milestone triggers the release of cash held in escrow and marks progress i...
