Dear Reader,
$747 million in net income in one quarter.
Management expects to return at least 60% of 2026 free cash flow to shareholders.
That combination demands attention.
Click here to watch the briefing behind the $747 million quarter and the 60% shareholder target.
Wall Street is not treating this like an ordinary energy stock.
Institutions reportedly control approximately 88% of the shares. BlackRock and Vanguard were reported to own tens of millions of shares apiece.
The company also has a multi-year, multimillion-dollar agreement with Palantir.
That AI relationship helps management improve equipment reliability, well performance, planning and cost control.
And now there is a clock on the operating story.
On August 5, management raised its target and said it expects to exit 2026 with approximately $500 million in run-rate savings.
That gives the market a year-end benchmark for whether the Palantir-powered operating thesis is translating into a leaner, more efficient company.
I believe the combination is explosive: major institutional ownership, a clear shareholder-return policy, a serious AI operating edge and a measurable target due by year-end.
Yours in smart speculation,
Karim Rahemtulla, Head Fundamental Tactician
Monument Traders Alliance
P.S. In the latest quarter, the company returned $189 million to shareholders and repurchased 2.8 million shares. The policy is not theoretical.
Watch the briefing to see why I believe the market may be running out of excuses to ignore it.
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