Streetbeat News

Assets

ACDC

ProFrac expects its FY24 capital expenditures to be closer to the lower end of its previously provided guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:05 am

NTR

Nutrien has announced its capital expenditures for FY24, which are expected to be between $2.2 billion and $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:03 pm

TTI

TETRA Technologies, Inc. (NYSE: TTI) has completed a Definitive Feasibility Study (DFS) for its Arkansas Bromine Project, upgrading previously announced bromine resources to reserves. The study indicates a Net Present Value (NPV) of $710 million for a vertically integrated production case, compared to $337 million for third-party bromine purchases. The project is expected to increase TETRA's revenue by $200-$250 million and Adjusted EBITDA by $90-$115 million. The project will be funded through existing credit facilities and cash flow, with a projected payback period of 5.7 years.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:43 pm

EXR

Extra Space Storage has announced the pricing of a $400 million public offering of 5.350% senior notes due in 2035, with the transaction expected to close on August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:43 pm

IEX

IDEX Corporation has announced the pricing of a $500 million public offering of 4.950% senior notes due in 2029. The offering is expected to close on August 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:41 pm

WBA

Walgreens Boots Alliance, Inc. is evaluating options for its majority-owned VillageMD, including potential sale or restructuring, amid ongoing investments and future cash needs.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 9:39 pm

HST

Host Hotels & Resorts has announced the pricing of a $700 million offering of 5.500% senior notes due in 2035, with the transaction expected to close on August 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:34 pm

ABL

Abacus Life, Inc. (NASDAQ: ABL) has announced a definitive agreement to acquire FCF Advisors, adding up to $600 million in assets under management (AUM) to Abacus. The acquisition aligns with Abacus' expansion of ABL Wealth and its diverse suite of products.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:43 pm

AAPL

BRK

Warren Buffett's Berkshire Hathaway has significantly increased its holdings in U.S. treasury bills, now owning $234 billion, more than the Federal Reserve and several countries. This move comes after Berkshire offloaded a substantial portion of its Apple holdings. The strategy behind this shift remains unclear, but it could indicate caution towards the U.S. economy or preparation for a large future acquisition.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 8:02 pm

BHP

VALE

BHP Group (NYSE:BHP) is considering selling Brazilian copper and gold assets acquired from Oz Minerals, including the Pedra Branca project. This move is part of a strategic review following an unsuccessful bid for Anglo American. BHP has engaged Banco Santander SA for advice on the potential sale.

Portfolio Pulse from Stjepan Kalinic

August 07, 2024 | 7:29 pm