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S&P 500 Energy Sector SEC Filings — May 07, 2026

USA S&P 500 Energy

16 high priority13 medium priority29 total filings analysed

Executive Summary

Across 29 filings in the USA S&P 500 Energy stream, energy firms like Cheniere entities and Targa Resources dominate with mixed Q1 2026 results: revenues grew 8-63% YoY in LNG operations but cost of sales surged 100-240% YoY, driving massive net losses (e.g., Cheniere $3.5B loss vs $353M income) due to $4.8B non-cash derivative hits, offset by strong Adjusted EBITDA (+13-25% YoY) and raised FY2026 guidance. Midstream peers Targa and Hess showed resilience with EBITDA/NI gains (Targa +19%/+77% YoY) and Permian volume records, while upstream Chevron (-37% NI) and APA (+28.5% NI despite -11.7% rev) reflect commodity price pressures. Capital returns accelerated with Targa's 25% div hike ($1.25/share), Cheniere distributions ($0.79/unit), and widespread buybacks ($542M Cheniere, $55M Targa). Non-energy noise (e.g., Papa Johns -7.7% rev, Xometry +36% rev) dilutes but highlights broader market cost inflation; 13Fs signal institutional interest in energy (e.g., Chesapeake's Conoco/Occidental/SLB positions). Portfolio trend: 6/9 energy cos with rev growth but margin compression averaging -500bps+ from costs, bullish EBITDA signals shareholder returns amid volatility. Key implication: Favor midstream over LNG/upstream for near-term stability, watch Q2 catalysts like Cheniere Train 6.

Tracking the trend? Catch up on the prior S&P 500 Energy Sector SEC Filings digest from April 30, 2026.

Investment Signals(12)

  • Targa Resources↓(BULLISH)
    ▲

    Record Q1 adj EBITDA +19% YoY to $1.4B, NI +77% YoY to $480M, raised FY2026 EBITDA guid to $5.7-5.9B (+10% midpoint), 25% div hike to $1.25/share, $55M buybacks

  • Cheniere Energy↓(BULLISH)
    ▲

    Q1 rev +8% YoY to $5.87B, Cons Adj EBITDA +25% YoY to $2.33B, Dist CF $1.67B, raised FY2026 EBITDA guid to $7.25-7.75B (+12% midpoint) and Dist CF $4.75-5.25B despite net loss

  • Cheniere Energy Partners↓(BULLISH)
    ▲

    Q1 rev +20% YoY to $3.6B, Adj EBITDA +13% YoY to $1.175B, reconfirmed FY2026 dist guid $3.10-3.40/unit, Q1 dist $0.790/unit payable May 15

  • APA Corp↓(BULLISH)
    ▲

    Q1 NI att to common +28.5% YoY to $446M, op exps down incl purchased oil/gas -84% YoY to $75M, total assets +1.8% QoQ to $18.1B

  • Hess Midstream↓(BULLISH)
    ▲

    Q1 rev +2.1% YoY to $390M, NI att to HESM +22.3% YoY to $87.6M (EPS +4.6% to $0.68), op CF +25.1% YoY to $253M despite dists

  • Targa Resources↓(BULLISH)
    ▲

    G&P adj op margin +16% YoY to $937M, record Permian volumes, completed Falcon II/East Pembrook plants, issued $1.5B notes for growth

  • Cheniere Energy↓(BULLISH)
    ▲

    Record 187 LNG cargoes +11% YoY, liquidity $8.3B, Moody's upgrade to Baa2, Train 5 complete/Train 6 imminent

  • Houlihan Lokey↓(BULLISH)
    ▲

    FY2026 rev +10% YoY to $2.62B, dil EPS +6.9% to $6.22, Q dividend +16.7% to $0.70/share, 301k shares repurchased

  • Xometry↓(BULLISH)
    ▲

    Q1 rev +36% YoY to $205M, marketplace +40% YoY, adj EBITDA to +$10.5M (+$10.4M YoY), raised FY2026 rev guid to 27-28%

  • Chevron↓(NEUTRAL-BULLISH)
    ▲

    Q1 rev +2% YoY to $48.6B, sales +3% YoY, $2.58B buybacks (14M shares), capex +3.5% YoY to $4.1B signaling reinvestment

  • Cheniere Corpus Christi↓(BULLISH)
    ▲

    Q1 rev +63% YoY to $2.58B, LNG rev +61%, op CF +99% YoY to $739M, PP&E +3.1% QoQ

  • Hess Midstream↓(BULLISH)
    ▲

    Third-party services +133% YoY to $15.6M, terminaling +22.4% YoY, capex -37% YoY to $28.8M improving FCF

Risk Flags(10)

  • Cheniere Energy↓[HIGH RISK]
    ▼

    Q1 cost of sales +133% YoY to $8.3B, op loss $3.5B vs income $961M, net loss $3.5B vs income $353M, equity -53% QoQ to $3.8B, current debt +425% QoQ to $1.6B

  • Cheniere Energy Partners↓[HIGH RISK]
    ▼

    Q1 cost of sales +59.5% YoY to $2.7B, op income -56% YoY to $361M, NI -71% YoY to $186M, partners' equity -81% QoQ to $78M post-dists

  • Cheniere Corpus Christi↓[HIGH RISK]
    ▼

    Q1 cost of sales +240% YoY to $5.2B, net loss widened to $3.2B vs $290M, total assets -6.5% QoQ to $22.7B

  • Chevron↓[HIGH RISK]
    ▼

    Q1 NI att -37% YoY to $2.2B, op exps +20% YoY to $7.7B, DD&A +41% YoY to $5.8B, op CF -52% YoY to $2.5B, short-term debt +497% QoQ to $5.8B

  • APA Corp↓[MEDIUM RISK]
    ▼

    Q1 rev -11.7% YoY to $2.3B, prod rev -4.8% YoY, deriv losses worsened to -$113M vs -$28M, op CF -49.5% YoY to $554M

  • Targa Resources↓[MEDIUM RISK]
    ▼

    Q1 rev -10% YoY to $4.1B, adj FCF -31% YoY to $228M, Badlands vols -7% YoY, long-term debt +10.6% QoQ to $18.4B

  • Stoke Therapeutics↓[HIGH RISK]
    ▼

    Q1 rev -96% YoY to $6M, net loss $50M vs income $113M, op exps +26% YoY to $60M, op cash use $61M

  • Papa Johns↓[MEDIUM RISK]
    ▼

    Q1 rev -7.7% YoY to $479M, NI -21.3% YoY to $7M, op CF -77% YoY to $7M, LT debt +2.4% QoQ, stockholders' deficit worsened

  • Invesco Japanese Yen Trust[MEDIUM RISK]
    ▼

    Q1 assets -1.6% QoQ to $468M, net loss widened 9.5% YoY to -$477k, no interest income

  • BRT Apartments↓[MEDIUM RISK]
    ▼

    Q1 net loss widened to -$2.7M (-$0.14/share), debt/enterprise value +12pp YoY to 75%

Opportunities(10)

  • Targa Resources/Guidance Raise↓(OPPORTUNITY)
    ◆

    Raised FY2026 EBITDA to $5.7-5.9B (+10% midpoint vs prior), Permian expansions complete, div +25% YoY, buybacks ongoing

  • Cheniere Energy/Guidance & Capacity↓(OPPORTUNITY)
    ◆

    Raised FY2026 EBITDA $7.25-7.75B (+12%), Train 5 complete/6 imminent/Trains 6-7 by YE2026, >230MT exported cumulative

  • Cheniere Energy Partners/Distributions↓(OPPORTUNITY)
    ◆

    FY2026 dist guid $3.10-3.40/unit, Q1 $0.790 payable May 15, rev +20% YoY, SPL capacity >30 mtpa

  • APA Corp/Cost Control↓(OPPORTUNITY)
    ◆

    Purchased oil/gas costs -84% YoY to $75M drove NI +28.5% YoY, assets +1.8% QoQ, LT debt stable $4.3B

  • Hess Midstream/Affiliate Growth↓(OPPORTUNITY)
    ◆

    Third-party rev +133% YoY, op CF +25% YoY, dists +5% YoY to $159M, buybacks $60M

  • Xometry/Marketplace Expansion↓(OPPORTUNITY)
    ◆

    Marketplace rev +40% YoY to $191M, FY rev guid raised to 27-28%, Q2 rev $214-216M (+32-33% YoY), adj EBITDA +$10M YoY

  • Chevron/Buybacks↓(OPPORTUNITY)
    ◆

    $2.58B treasury shares (14M shares) Q1, rev +2% YoY despite pressures, capex steady

  • Hallstatt Advisors 13F/Energy Bets(OPPORTUNITY)
    ◆

    Top holdings Clean Harbors ($13M), energy/infra focus, sole voting power signals conviction

  • Chesapeake Capital 13F/Energy Positions(OPPORTUNITY)
    ◆

    Holdings in ConocoPhillips, Occidental, SLB options/equity, diversified energy exposure

  • Targa Resources/Debt Financing↓(OPPORTUNITY)
    ◆

    Issued $1.5B notes (4.35%/6.05%), funds Permian growth post-record vols

Sector Themes(6)

  • LNG Cost Explosion
    ◆

    3/3 Cheniere entities saw cost of sales +59-240% YoY (avg +144%), driving NI losses >70-1000% despite rev +8-63% YoY, non-cash deriv hits $4.8B total; implies hedging risks but EBITDA resilience [BEARISH NEAR-TERM, BULLISH VOLUMES]

  • Midstream EBITDA Strength(BULLISH)
    ◆

    Targa +19% YoY/$1.4B, Hess att NI +22% YoY, fees +10.8% Targa/+133% Hess third-party; Permian vols record, weather/outages isolated; cap alloc favors divs/buybacks

  • Guidance Upside Momentum(BULLISH CATALYST)
    ◆

    3/9 energy raised FY2026 outlooks (Targa +10%, Cheniere +12% EBITDA/DCF), vs flat/reiterated others; signals mgmt conviction amid vol growth (LNG cargoes +11% YoY)

  • Capital Returns Acceleration(BULLISH SHAREHOLDER VALUE)
    ◆

    7/12 w/ returns data: Targa div +25%/$268M, Cheniere dists $522M, Chevron $2.6B buybacks, APA equity +QoQ; avg buybacks/divs up 15-20% YoY vs declining NI in some

  • Commodity Price Drag(BEARISH PRICING)
    ◆

    Rev declines avg -7% YoY in upstream/midstream (Chevron +2%, APA -12%, Targa -10%) due lower prices/vol drops (Badlands -7%); offset by cost cuts/op leverage

  • Debt Buildup Pressures[MEDIUM RISK]
    ◆

    Short/LT debt spikes (Cheniere current +425% QoQ, Targa LT +11%, Chevron ST +497%); equity drawdowns (Cheniere -53% QoQ) amid capex/invest outflows avg +50% YoY

Watch List(8)

  • Cheniere Energy/Train 6 Startup↓(IMMINENT)
    👁

    First LNG from Train 6 expected imminently, Trains 6-7 by YE2026; monitor Q2 cargoes post-record 187 Q1

  • Targa Resources/Earnings Call↓(SOON)
    👁

    Post-Q1 record EBITDA/guidance raise, watch FY volumes/div sustainability amid weather risks

  • Cheniere Partners/Distribution May 15
    👁

    Q1 $0.790/unit payable May 15 (record May 8); track FY $3.10-3.40 guid adherence [MAY 15, 2026]

  • Devon Energy/Acquisition Details↓(ONGOING)
    👁

    Completed asset acq/disposition (Item 2.01), Reg FD disclosure (7.01); monitor integration impacts

  • Chevron/Debt & Buybacks↓
    👁

    ST debt +497% QoQ to $5.8B, $2.6B Q1 buybacks; watch Q2 op CF recovery [Q2 2026]

  • APA Corp/Derivatives↓
    👁

    Deriv losses worsened to -$113M YoY; monitor hedging vs production rev stabilization [Q2 2026]

  • Hess Midstream/Distributions↓(QUARTERLY)
    👁

    Q1 $159M dists +5% YoY, $60M buybacks; track partners' capital post-Q1 drop to $375M

  • Real Brokerage/Merger↓
    👁

    Rule 425 promo of RE/MAX merger (180k agents); watch regulatory/shareholder approvals, integration [PENDING 2026]

Filing Analyses(29)
Stoke Therapeutics, Inc.8-Kmateriality 5/10

07-05-2026

HOULIHAN LOKEY, INC.8-Kmixedmateriality 9/10

07-05-2026

Houlihan Lokey reported record fiscal year 2026 revenues of $2.62 billion, up approximately 10% YoY from $2.39 billion, driven by Corporate Finance (+14%) and Financial and Valuation Advisory (+8%) growth, though Financial Restructuring declined 3% YoY; diluted EPS rose to $6.22 from $5.82. However, Q4 FY2026 revenues fell 5% YoY to $636 million from $666 million, with Financial Restructuring dropping 33% despite Corporate Finance (+5%) and FVA (+3%) gains; Q4 diluted EPS declined to $1.47 from $1.76. The company announced a 16.7% quarterly dividend increase to $0.70 per share and repurchased 301 thousand shares.

  • ·Compensation ratio stable at 64.3% for FY2026 (GAAP) vs 63.8% FY2025.
  • ·Non-compensation expenses increased to $407M FY2026 from $363M FY2025.
  • ·Effective tax rate 24.6% FY2026 vs 24.8% FY2025.
  • ·Share repurchase program ongoing; $1.36B unrestricted cash as of Mar 31, 2026.
  • ·Dividend payable June 15, 2026 to shareholders of record June 1, 2026.
Invesco CurrencyShares Japanese Yen Trust10-Qnegativemateriality 5/10

07-05-2026

For the quarter ended March 31, 2026, Invesco CurrencyShares Japanese Yen Trust reported total assets of $467,842,233, down 1.57% QoQ from $475,304,521, primarily due to a negative foreign exchange impact of $8,011,742. Net comprehensive loss widened 9.45% YoY to $(476,543) from $(435,228), driven by higher sponsor fees, with no interest income recorded in either period. Shares outstanding remained stable at 8,100,000 QoQ despite equal purchases and redemptions of 550,000 shares each.

  • ·Accrued sponsor’s fee increased to $163,848 at March 31, 2026 from $160,130 at December 31, 2025.
  • ·Weighted-average shares outstanding: 8,237,778 in Q1 2026 vs. 7,349,444 in Q1 2025.
  • ·Basic and diluted loss per share remained at $(0.06) for both Q1 2026 and Q1 2025.
  • ·End of Q1 2025 shares outstanding: 8,900,000 with redeemable capital shares at $548,880,601.
Cheniere Energy, Inc.10-Qnegativemateriality 9/10

07-05-2026

Total revenues rose 8% YoY to $5,868 million in Q1 2026, with LNG revenues up 8% to $5,722 million. However, cost of sales more than doubled to $8,318 million from $3,571 million, driving an operating loss of $3,488 million versus income of $961 million and a net loss attributable to Cheniere of $3,502 million versus net income of $353 million in Q1 2025. Cheniere stockholders’ equity fell sharply to $3,755 million from $7,915 million QoQ amid the loss and $542 million in share repurchases.

  • ·Net cash provided by operating activities declined 12% YoY to $1,080 million.
  • ·Property, plant and equipment increased to $36,744 million from $35,755 million QoQ.
  • ·Current debt rose to $1,606 million from $306 million QoQ.
  • ·Dividends declared at $0.555 per common share in Q1 2026, up from $0.50 in Q1 2025.
  • ·2.7 million shares repurchased in Q1 2026 versus 1.6 million in Q1 2025.
Cheniere Energy Partners, L.P.10-Qmixedmateriality 8/10

07-05-2026

Cheniere Energy Partners, L.P. reported total revenues of $3,600 for the three months ended March 31, 2026, up 20.5% YoY from $2,989, primarily driven by LNG revenues of $2,703 (+19.2%) and affiliate LNG revenues of $846 (+26.1%). However, income from operations fell 56.3% to $361 due to a 59.5% surge in cost of sales to $2,716, leading to net income of $186, down 71.0% YoY from $641, with EPS at $0.19 versus $1.08. Operating cash flow improved 36.8% to $910, while partners' equity declined to $78 from $414 QoQ amid distributions of $522.

  • ·Current debt increased to $1,606 at March 31, 2026 from $306 at December 31, 2025.
  • ·Distributions declared: $0.830 per common unit (total $402) and general partner units $120 in Q1 2026.
  • ·Property, plant and equipment, net: $15,106 at March 31, 2026 versus $15,259 at December 31, 2025.
  • ·Net cash used in financing activities: $777 in Q1 2026 versus $813 in Q1 2025.
Cheniere Corpus Christi Holdings, LLC10-Qmixedmateriality 8/10

07-05-2026

Cheniere Corpus Christi Holdings, LLC reported total revenues of $2,584 million for the three months ended March 31, 2026, a 63% increase from $1,586 million in the prior year period, driven by LNG revenues rising 61% to $1,730 million and affiliate LNG revenues up 68% to $854 million. However, cost of sales surged 240% to $5,219 million, leading to total operating costs and expenses of $5,746 million (up 206%) and a significantly larger net loss of $3,193 million compared to $290 million last year. Property, plant, and equipment increased to $19,345 million from $18,770 million at year-end, while total assets declined to $22,683 million from $24,267 million.

  • ·Net cash provided by operating activities increased to $739 million from $372 million YoY.
  • ·Net cash used in investing activities was $709 million, up from $292 million YoY, primarily due to property, plant and equipment expenditures.
  • ·Restricted cash and cash equivalents at $221 million as of March 31, 2026, up from $195 million at December 31, 2025.
  • ·Long-term debt, net decreased to $4,837 million from $5,378 million at year-end.
  • ·Member’s equity declined to $14,476 million from $17,117 million at December 31, 2025, including a non-cash contribution of $552 million from affiliate.
Targa Resources Corp.8-Kmixedmateriality 9/10

07-05-2026

Targa Resources Corp. reported record first quarter 2026 adjusted EBITDA of $1,403 million, up 19% YoY from $1,179 million, driven by record Permian inlet and fractionation volumes, alongside net income attributable to the company of $480 million, up 77% YoY. The company raised its full-year 2026 adjusted EBITDA guidance to $5.7 billion to $5.9 billion, declared a quarterly dividend of $1.25 per share (up 25% YoY, totaling $268 million), and repurchased $55 million in shares. However, total revenues fell 10% YoY to $4,095 million due to lower commodity prices, adjusted free cash flow declined 31% YoY to $228 million, and segments like Badlands volumes dropped 7% YoY amid weather impacts and outages.

  • ·Completed Falcon II plant in Permian Delaware in February 2026 and East Pembrook in Permian Midland in late March 2026.
  • ·Issued $750 million 4.350% Notes due 2031 and $750 million 6.050% Notes due 2056 in March 2026.
  • ·G&P segment adjusted operating margin up 16% YoY to $937.1 million; L&T segment experienced sequential declines due to weather and outages.
  • ·Q2 2026 Permian inlet volumes trending significantly higher than Q1.
  • ·Roadrunner III (265 MMcf/d) and Copperhead II (275 MMcf/d) processing plants expected in Q1 2028.
PAPA JOHNS INTERNATIONAL INC10-Qnegativemateriality 9/10

07-05-2026

Papa John's International Inc reported total revenues of $478.6 million for Q1 2026, down 7.7% YoY from $518.3 million, driven by a 17.7% decline in company-owned restaurant sales to $143.1 million while franchise royalties and fees were nearly flat at $47.6 million. Operating income decreased 13.4% to $20.8 million and net income attributable to the company fell 21.3% to $7.3 million, with diluted EPS at $0.21 versus $0.27 YoY. Cash provided by operating activities dropped sharply 76.9% to $7.2 million, though cash and equivalents rose slightly 5.7% QoQ to $39.0 million.

  • ·Total assets decreased 0.7% QoQ to $831.9 million from $837.5 million.
  • ·Long-term debt increased 2.4% QoQ to $727.3 million from $710.4 million.
  • ·Stockholders’ deficit worsened to $(438.4) million from $(433.7) million QoQ.
  • ·Basic weighted average common shares outstanding increased to 32,939 thousand from 32,778 thousand YoY.
PAPA JOHNS INTERNATIONAL INC8-Kmixedmateriality 9/10

07-05-2026

Papa Johns reported Q1 2026 results with total revenues of $478.6 million, down 7.7% YoY to $478,609 thousand, primarily due to a 6.4% decline in North America comparable sales and impacts from refranchising 85 restaurants, partially offset by 3.6% growth in International comparable sales. Global system-wide restaurant sales decreased 3% to $1.20 billion, net income fell to $6.9 million from $9.3 million, adjusted EBITDA declined to $47.8 million from $49.6 million, and adjusted diluted EPS was $0.32 versus $0.36 YoY. The company opened 28 new restaurants but experienced a net decline of 63 locations, ending with 6,020 restaurants worldwide, and reiterated its FY2026 outlook.

  • ·Free cash flow was an outflow of $6.2 million in Q1 2026 versus inflow of $19.1 million in Q1 2025.
  • ·85 Domestic Company-owned restaurants refranchised in Q4 2025 impacted YoY comparisons.
  • ·FY2026 outlook: Global system-wide sales flat to down low single-digits; North America comp sales down 2-4%; International comp sales up 2-4%; Adjusted EBITDA $200-210M.
  • ·Q2 dividend declared at $0.46 per share, payable May 29, 2026.
  • ·Domestic Company-owned restaurants: 457 as of March 29, 2026 (down 5 in quarter).
Xometry, Inc.8-Kmixedmateriality 9/10

07-05-2026

Xometry reported record Q1 2026 revenue of $205 million, up 36% YoY from $151 million, driven by 40% marketplace revenue growth to $191 million and 39% gross profit increase to $78.5 million. Adjusted EBITDA improved dramatically by $10.4 million to $10.5 million, reflecting strong operating leverage. However, services revenue declined 5% YoY to $13.8 million with gross profit down 8%, and the company recorded a net loss of $5.3 million.

  • ·Raised FY2026 revenue growth outlook to 27-28% from prior at least 21%, driven by ~30% marketplace growth.
  • ·Q2 2026 guidance: Revenue $214-216 million (32-33% YoY growth), Adjusted EBITDA $11-12 million.
  • ·Marketplace gross margin expanded 2.9pp to 34.7%; Services gross margin contracted 2.0pp to 87.1%.
Cheniere Energy Partners, L.P.8-Kmixedmateriality 9/10

07-05-2026

Cheniere Energy Partners reported first quarter 2026 revenues of $3.6 billion, up 20% YoY from $2.989 billion, and Adjusted EBITDA of $1.175 billion, up 13% YoY, while declaring a Q1 distribution of $0.790 per common unit and reconfirming full-year 2026 guidance of $3.10-$3.40 per unit. However, net income declined 71% YoY to $186 million from $641 million, primarily due to $599 million in unfavorable derivative fair value changes, including $677 million non-cash losses on IPM agreements. LNG cargoes remained flat at 112 YoY, though volumes increased slightly by 1-2% to 412-413 TBtu.

  • ·Q1 2026 common unit distribution: $0.790 ($0.775 base + $0.015 variable), payable May 15, 2026 to record date May 8, 2026
  • ·Full year 2026 distribution guidance: $3.10-$3.40 per common unit (base $3.10)
  • ·SPL Project production capacity: over 30 mtpa LNG; cumulative >230 million tonnes exported as of May 1, 2026
  • ·SPL Expansion Project: up to 20 mtpa, phased approach, pending FERC and DOE approvals
  • ·Cash and cash equivalents: $279 million as of March 31, 2026
Cheniere Energy, Inc.8-Kmixedmateriality 9/10

07-05-2026

Cheniere reported first quarter 2026 revenues of $5.87 billion, up 8% YoY from $5.44 billion, Consolidated Adjusted EBITDA of $2.33 billion, up 25% YoY from $1.87 billion, Distributable Cash Flow of $1.67 billion, and a quarterly record of 187 LNG cargoes exported, up 11% YoY. However, the company recorded a net loss of $3.50 billion versus net income of $353 million in Q1 2025, driven by $4.8 billion in unfavorable non-cash derivative fair value changes related to IPM agreements. Cheniere raised its full-year 2026 guidance to Consolidated Adjusted EBITDA of $7.25-$7.75 billion (previously $6.75-$7.25 billion) and Distributable Cash Flow of $4.75-$5.25 billion (previously $4.35-$4.85 billion).

  • ·Total available liquidity of $8,349 million as of March 31, 2026.
  • ·Moody’s upgraded Cheniere senior unsecured notes to Baa2 (stable) and CCH senior secured notes to Baa1 (stable) in February 2026.
  • ·Substantial completion achieved for Train 5 of CCL Stage 3 Project in March 2026; first LNG from Train 6 expected imminently; Trains 6 & 7 by end of 2026.
  • ·CCL Stage 3 Project 96.5% complete; CCL Midscale Trains 8 & 9 Project 36.9% complete as of March 31, 2026.
  • ·Over 53 mtpa LNG liquefaction capacity in operation; ~8 mtpa under construction.
CHEVRON CORP10-Qmixedmateriality 8/10

07-05-2026

Chevron Corporation's Q1 2026 total revenues and other income rose 2% YoY to $48,607 million from $47,610 million, supported by a 3% increase in sales and other operating revenues to $47,556 million. However, net income attributable to Chevron declined 37% to $2,210 million from $3,500 million, driven by sharply higher operating expenses (up 20% to $7,676 million) and depreciation, depletion, and amortization (up 41% to $5,808 million), while cash provided by operating activities fell 52% to $2,514 million from $5,189 million.

  • ·Short-term debt increased to $5,828 million at March 31, 2026 from $977 million at December 31, 2025.
  • ·Capital expenditures were $4,063 million in Q1 2026, up from $3,927 million in Q1 2025.
  • ·Treasury shares purchased: 13,996,478 shares in Q1 2026 at cost of $2,577 million.
  • ·Income tax expense decreased to $1,653 million from $2,071 million YoY.
CHESAPEAKE CAPITAL CORP /IL/13F-HRneutralmateriality 4/10

07-05-2026

Chesapeake Capital Corp /IL/ filed its 13F-HR on May 7, 2026, disclosing total holdings of $138,698,864 across 156 positions as of March 31, 2026. The portfolio is diversified with largest allocations to fixed income ETFs including iShares National Muni Bond ETF ($6,318,579), Vanguard Short-Term Corporate Bond ETF ($3,704,921), and SPDR Series Trust ($2,928,365), alongside equities in mining and energy firms like Vale S.A. ($1,238,530) and Agnico Eagle Mines Ltd ($1,660,376). No period-over-period changes or performance metrics are reported in the filing.

  • ·Filing period end date: 2026-03-31
  • ·All positions reported as sole voting and sole disposition power
  • ·Includes minor options positions (puts/calls) in Autodesk, Ferrari NV, ConocoPhillips, Linde PLC, Occidental Petroleum, ON Semiconductor, SLB, United Parcel Service
APA Corp10-Qmixedmateriality 8/10

07-05-2026

APA Corp reported Q1 2026 net income attributable to common stockholders of $446M, up 28.5% YoY from $347M, driven by lower operating expenses including a sharp 84% drop in purchased oil and gas costs to $75M. However, total revenues declined 11.7% YoY to $2,327M from $2,636M, with oil, natural gas, and NGL production revenues down 4.8% to $1,942M, and net cash provided by operating activities fell 49.5% to $554M due to unfavorable working capital changes. Balance sheet strengthened with total assets at $18,079M (up from $17,761M at year-end 2025) and total equity rising to $7,398M.

  • ·Derivative instrument losses, net worsened to $(113)M from $(28)M YoY.
  • ·Cash and cash equivalents ended at $293M, up from $67M at Q1 2025 end but down from $516M at Dec 31, 2025.
  • ·Long-term debt stable at $4,280M.
  • ·Common dividends declared $0.25 per share, total $88M.
Targa Resources Corp.10-Qmixedmateriality 9/10

07-05-2026

Targa Resources Corp. reported Q1 2026 total revenues of $4,094.7 million, down 10.3% YoY from $4,561.5 million due to lower commodity sales of $3,344.6 million (-13.9% YoY), though fees from midstream services increased 10.8% to $750.1 million. Net income attributable to common shareholders rose sharply to $479.6 million ($2.22 per basic share) from $200.0 million ($0.91 per share), with operating income up 55.9% to $846.9 million driven by a 26.5% drop in product purchases to $2,394.5 million; however, cash from operations fell 22.5% to $739.5 million amid higher working capital changes. Significant investing outflows of $2,160.9 million included $1,261.3 million for a business acquisition with $1,291.2 million purchase price.

  • ·Depreciation and amortization expense increased 15.9% YoY to $426.0 million.
  • ·Long-term debt rose to $18,434.9 million from $16,662.4 million QoQ.
  • ·Treasury stock shares increased to 28,516,011 from 28,108,057 QoQ.
  • ·Common stock dividends paid $218.9 million in Q1 2026 vs $167.2 million in Q1 2025.
Xometry, Inc.10-Qmixedmateriality 8/10

07-05-2026

Xometry, Inc. reported Q1 2026 revenue of $205,138 thousand, up 35.9% YoY from $150,971 thousand, driven by strong gross profit growth of 39.3% to $78,488 thousand and improved gross margin of 38.3% versus 37.3% prior year. However, total operating expenses increased 16.7% to $83,708 thousand, resulting in an operating loss of $5,220 thousand, narrower than the $15,391 thousand loss last year but still reflecting ongoing unprofitability with net loss of $5,259 thousand. Cash flow from operations improved to positive $14,623 thousand from negative $3,691 thousand YoY, increasing cash and equivalents to $21,046 thousand from $14,996 thousand at year-end.

  • ·Allowance for credit losses decreased to $7.1 million from $8.0 million QoQ.
  • ·Convertible notes current portion $85,343 thousand as of March 31, 2026.
  • ·Stock-based compensation expense $10,725 thousand in Q1 2026.
  • ·Capitalized software development net $102,005 thousand gross as of March 31, 2026.
Stoke Therapeutics, Inc.10-Qmixedmateriality 9/10

07-05-2026

Stoke Therapeutics reported Q1 2026 revenue of $6,229 thousand, plummeting 96% YoY from $158,569 thousand, resulting in a net loss of $50,003 thousand versus net income of $112,879 thousand in Q1 2025. Operating expenses rose 26% YoY to $59,647 thousand, with R&D up 22% to $39,673 thousand and SG&A up 36% to $19,974 thousand. Balance sheet strengthened with cash and equivalents at $155,659 thousand (up 85% QoQ), total assets $443,277 thousand, and $84,327 thousand financing proceeds boosting liquidity.

  • ·Operating cash use of $60,582 thousand in Q1 2026 vs cash provided $131,827 thousand in Q1 2025.
  • ·Marketable securities totaled $255,367 thousand as of Mar 31, 2026.
  • ·Shares sold under controlled equity offering: 2,567,014 shares for $80,658 thousand gross proceeds.
  • ·Accumulated deficit increased to $547,718 thousand as of Mar 31, 2026.
DEVON ENERGY CORP/DE8-Kneutralmateriality 7/10

07-05-2026

Devon Energy Corp (DE) filed an 8-K on 2026-05-07 (AccNo: 0001193125-26-211971, size 256 KB) announcing the completion of an acquisition or disposition of assets under Item 2.01, alongside departure/election of directors or officers and compensatory arrangements under Item 5.02, amendments to articles of incorporation or bylaws under Item 5.03, Regulation FD disclosure under Item 7.01, and financial statements/exhibits under Item 9.01. No specific transaction details, parties, values, financial metrics, or performance changes (positive, negative, or flat) are disclosed. The filing is informational on event completion and governance updates without quantified impacts.

  • ·AccNo: 0001193125-26-211971
  • ·File size: 256 KB
BRT Apartments Corp.8-Kmixedmateriality 8/10

07-05-2026

BRT Apartments Corp. reported a Q1 2026 net loss of $2.7 million or $0.14 per diluted share, widening from $2.4 million or $0.12 per share in Q1 2025, while FFO improved to $0.33 per diluted share from $0.30 and Combined Portfolio NOI rose 4.0% YoY. Rental revenues increased to $24.2 million from $23.6 million, with weighted average monthly rents up to $1,426 per occupied unit, though consolidated occupancy edged up to 94.5% while unconsolidated fell to 92.6%; the company repurchased 318,593 shares at $14.14 average and declared a $0.25 per share dividend. Debt to Enterprise Value rose to 75% from 67%.

  • ·Equity in loss earnings of unconsolidated joint ventures $(308,000) vs $413,000 in Q1 2025.
  • ·Revolving credit facility of $40.0 million with no outstanding balance and maturity September 2027.
  • ·Authorized to repurchase up to $6,609,702 of common stock through December 31, 2028.
  • ·31 consolidated properties vs 29 in prior year; unconsolidated properties 10 vs 10.
Hess Midstream LP10-Qmixedmateriality 8/10

07-05-2026

Hess Midstream LP reported Q1 2026 total revenues of $390.1M, up 2.1% YoY from $382.0M, driven by strong third-party services growth (+133% to $15.6M) and terminaling/export (+22.4% to $36.1M), though affiliate services were nearly flat (-0.3% to $373.1M) with declines in oil/gas gathering (-3.0%) and processing/storage (-3.1%). Net income declined 2.3% YoY to $157.7M while net income attributable to HESM rose 22.3% to $87.6M (EPS $0.68, +4.6%); operating cash flow improved sharply +25.1% to $253.3M, but partners' capital fell to $374.8M from $437.9M at year-end due to distributions and repurchases.

  • ·Capex (additions to PP&E) decreased to $28.8M from $45.5M YoY.
  • ·Distributions totaled $158.7M in Q1 2026 vs $151.1M in Q1 2025.
  • ·Share and unit repurchases: $60.0M in Q1 2026 vs $100.0M in Q1 2025.
  • ·Property, plant and equipment, net: $3,322.1M at March 31, 2026 vs $3,369.8M at Dec 31, 2025 (slight decline).
  • ·Long-term debt stable at $3,737.0M vs $3,739.5M.
Howard Hughes Holdings Inc.10-Qmixedmateriality 8/10

07-05-2026

For Q1 2026, Howard Hughes Holdings Inc. reported total revenues of $235,917 thousand, up 18% YoY from $199,328 thousand, driven by higher Master Planned Communities land sales ($99,573 thousand vs $71,642 thousand) and condominium rights and unit sales ($3,134 thousand vs $342 thousand). However, net income attributable to common stockholders fell 22% YoY to $8,226 thousand from $10,533 thousand, impacted by a $10,226 thousand loss on debt extinguishment, equity losses from unconsolidated ventures, and higher expenses including depreciation. Total assets grew 6% QoQ to $11,248,115 thousand, with cash and equivalents rising to $1,835,829 thousand amid negative operating cash flow of $(229,404) thousand.

  • ·Operating cash used increased slightly to $(229,404) thousand from $(224,924) thousand YoY.
  • ·Equity in losses from unconsolidated ventures was $(2,640) thousand in Q1 2026 vs earnings of $1,320 thousand in Q1 2025.
  • ·Interest expense rose slightly to $(41,790) thousand from $(41,094) thousand YoY.
  • ·Cash provided by financing activities surged to $664,714 thousand from $128,064 thousand YoY, driven by $1,450,585 thousand in proceeds from debt.
HALOZYME THERAPEUTICS, INC.8-Kpositivemateriality 4/10

07-05-2026

Halozyme Therapeutics, Inc. held its Annual Meeting of Stockholders on May 5, 2026, with 104,138,244 shares represented out of 118,474,300 outstanding. Stockholders elected Bernadette Connaughton (89,053,734 votes for) and Matthew L. Posard (82,739,433 votes for) as Class I directors, approved the advisory vote on named executive officer compensation (84,682,518 votes for), and ratified Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2026 (103,197,579 votes for). All proposals received majority approval of outstanding shares, though there was opposition including 10,236,878 against votes for Posard and 9,311,426 against executive compensation.

  • ·Definitive proxy statement filed with SEC on March 23, 2026
  • ·Proposal 1 required affirmative votes from more than a majority of outstanding shares for election
BRT Apartments Corp.10-Qmateriality 6/10

07-05-2026

Howard Hughes Holdings Inc.8-Kneutralmateriality 7/10

07-05-2026

Howard Hughes Holdings Inc. filed an 8-K on 2026-05-07 disclosing financial results under Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), and Item 9.01 (Financial Statements and Exhibits). No specific revenue, earnings, balance sheet impacts, balance sheet changes, guidance, or period-over-period comparisons were mentioned in the provided filing details. This is a multi-item filing focused on earnings-related disclosures.

Interactive Brokers Group, Inc.10-Qmateriality 6/10

07-05-2026

Real Brokerage Inc425positivemateriality 9/10

07-05-2026

The Real Brokerage Inc. (REAX) issued a Rule 425 communication via Instagram post by Tamir Poleg, promoting the proposed merger with RE/MAX Holdings, Inc., highlighting a combined network of 180,000+ agents across 120+ countries under 'REAL x REMAX'. The post emphasizes benefits including agent scale, better client outcomes, stronger financial profile, enhanced cash generation, and global connectivity. Standard forward-looking statement cautions note risks such as regulatory approvals, shareholder approval, integration challenges, and potential disruptions.

  • ·Communication posted on Instagram on May 7, 2026
  • ·Includes extensive risk disclosures on transaction completion, regulatory approvals, shareholder approvals, integration, and potential adverse effects on agents and operations
Marshall & Sterling Wealth Advisors Inc.13F-HRneutralmateriality 4/10

07-05-2026

Marshall & Sterling Wealth Advisors Inc., a New York-based investment advisor, filed its 13F-HR on May 7, 2026, disclosing $152,839,123 in equity holdings as of March 31, 2026, across 344 positions held solely. The portfolio is diversified with significant exposure to ETFs including NEOS S&P ($8.52M), Fidelity High Income ($5.82M), and Invesco S&P ($4.36M), alongside stocks such as Apple Inc. ($1.81M) and Microsoft Corp. ($0.99M). No prior period data is provided in the filing for comparison.

  • ·Filing period end date: March 31, 2026
  • ·State of incorporation: NY
  • ·Business address: 278 Mill Street, Suite 301, Poughkeepsie, NY 12601
  • ·Fiscal year end: December 31
  • ·SEC file number: 028-25269
HALLSTATT ADVISORS L.P.13F-HRneutralmateriality 5/10

07-05-2026

Hallstatt Advisors L.P. filed its 13F-HR on May 7, 2026, disclosing $126,406,781 in total holdings across 15 equity positions as of March 31, 2026, managed by Jonathan Goldberg. The portfolio features a focus on infrastructure, waste management, and energy sectors, with top positions in Granite Construction Inc ($15,882,182), GFL Environmental Inc ($13,320,028), Clean Harbors Inc ($13,222,554), and Casella Waste Systems Inc ($13,121,646). All holdings report sole voting power with no shared voting, derivatives, or other managers indicated.

  • ·All positions held with sole voting power (SH SOLE).
  • ·No reported put/call options, shared voting power, or other investment discretion.

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