Hemisphere Energy's largest oil battery at Atlee Buffalo suffered a fire, destroying key equipment and halting up to 75% of its production, which is about 2,650 barrels of oil equivalent per day. Cleanup and equipment removal are ongoing, with significant electrical system repairs needed before production can resume. The company is working with insurers and authorities, has filed an insurance claim, and expects some delays in its drilling program, now planning to drill six wells instead of 11. Despite the incident, Hemisphere plans to maintain its quarterly dividend payment scheduled for September 11, 2026, while further updates will be provided as repair progress and insurance coverage become clearer.
Shell plc completed a $16.5 billion acquisition of ARC Resources Ltd., boosting its production by 370,000 barrels of oil equivalent per day and targeting 4% annual growth through 2030. The company also agreed to acquire the remaining 67% of Tri Star ...
Teladoc Health's BetterHelp segment saw an 11.6% revenue drop and a near-zero profit margin in Q2 2026, partly due to a shift from cash to insurance payments. The company lowered its full-year 2026 revenue guidance to $2.36-$2.45 billion from $2.48-$...
Zscaler reported strong fiscal Q4 results, surpassing analyst expectations with an EPS of $1.19 and revenue of $898.19 million, a 25% year-over-year growth. The company credits its robust performance to strategic investments in artificial intelligenc...
Ciena reported a strong Q3 2026 with adjusted EPS of $2.11, a 215% increase year-over-year, and revenue up 37% to $1.67 billion, driven by high demand from cloud and AI data centers. The company’s backlog rose to $8.5 billion, signaling strong future...
Kazia Therapeutics is progressing its main cancer drug candidate, paxalisib, into Phase 2 trials for colorectal cancer and planning a new breast cancer study. The company recently raised $40 million to support these developments and maintains a stron...
