BUZZ - Crescent Energy shares fall as it raises 1.1 billions in equity to acquire Devon
路透社2026/10/09 11:30October 9 - Crescent Energy (CRGY.N) shares fell 1% to $12.88 in premarket trading on Friday after the company priced and completed a $1 billion follow-on offering related to an acquisition. The Houston, Texas-based shale oil and gas producer announced late Thursday that it would issue 80 million shares at $12.50 each, representing a 3.9% discount to its most recent closing price. CRGY will use the net proceeds from the offering to help fund its $4.2 billion acquisition of Devon Energy's (DVN.N) Eagle Ford oil and gas assets. A KKR (KKR.N) affiliate, which owns about 7.9% of CRGY, will subscribe to 40 million new shares. JPMorgan, KKR Capital Markets, Raymond James, Evercore, and Wells Fargo Securities will act as joint book-running managers for the offering. CRGY has approximately 330.4 million shares outstanding, with a market capitalization of $4.3 billion. The stock closed down 3.4% on Thursday, narrowing its year-to-date gain to 55%. According to data from London Stock Exchange Group (LSEG), 13 out of 16 analysts rate the stock as "strong buy" or "buy," 2 rate it "hold" and 1 recommends "sell," with a median price target of $18.50. DVN's shares were down 1.4% in premarket trading at $48.22. DVN rose 2.2% on Thursday, bringing its cumulative gain in 2026 to about 34%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation.)
October 9 - ** Crescent Energy (CRGY.N) shares fell 1% in premarket trading on Friday, at $12.88, after the company priced a $1 billion follow-on offering related to an acquisition.
** The Houston, Texas-based shale oil and gas producer announced late Thursday it will issue 80 million shares at $12.50 per share (link), a 3.9% discount compared to its latest traded price.
(link) ** CRGY will use the net proceeds from this offering to fund the $4.2 billion acquisition of Devon Energy’s (DVN.N) Eagle Ford oil and gas assets.
** A KKR (KKR.N) affiliate (holding about 7.9% of CRGY shares) will subscribe for 40 million new shares.
** JPMorgan, KKR Capital Markets, Raymond James, Evercore, and Wells Fargo Securities will serve as lead underwriters for this offering.
** CRGY has approximately 330.4 million outstanding shares, with a market capitalization of $4.3 billion.
** CRGY closed down 3.4% on Thursday, with year-to-date gains narrowing to 55%.
** According to data from London Stock Exchange Group (LSEG), 13 out of 16 analysts rate the stock as "strong buy" or "buy," 2 rate it "hold," and 1 suggests "sell"; the median target price is $18.50.
** DVN shares were down 1.4% in premarket trading at $48.22. The stock rose 2.2% on Thursday, expanding its cumulative gain in 2026 to about 34%.
(For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. Since automated translation may have errors or lack the required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers’ convenience. Reuters assumes no responsibility for any damages or losses arising from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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10:36 AM EDT, 10/09/2026 (MT Newswires) -- Taiwan Semiconductor Manufacturing's (TSM) Q3 revenue of NT$1.494 trillion ($46.77 billion) represented a roughly 3% beat versus the brokerage's prior estimate and consensus, compared with a 1% beat in the previous quarter, Wedbush said in a Friday note. With revenue ahead of the range, Wedbush expects the quarterly gross margin to at least meet the 66% midpoint of TSMC's 65% to 67% guidance and is more likely to exceed its 66.0% estimate given better utilization rates, according to the research note. Looking ahead, Wedbush expects Q4 sales of NT$1.599 trillion and sales growth of 41% in US dollars or 43% in Taiwanese dollars. Additionally, its gross margin estimate of 65.3% sits below the consensus estimate of 66.1%, with Wedbush saying it would not be surprised if Q4 gross-margin guidance ticks modestly lower on account of headwinds the chipmaker has previously mentioned. Wedbush maintained its outperform rating with an NT$3,000 price target. Price: 453.01, Change: -4.98, Percent Change: -1.09
BUZZ-Delta Air Lines shares fall after sharply lowering full-year earnings guidance
Latest Updates October 9 – ** Delta Air Lines (DAL.N) shares fell 3% to $79.67 ** Delta Air Lines (DAL) (link) lowered its full-year adjusted profit forecast due to soaring jet fuel prices ** Peer companies United Airlines (UAL.O) and Alaska Airlines (ALK.N) shares both fell about 2.8%, while American Airlines (AAL.O) was down 2.4% ** The U.S. airline now expects 2026 adjusted earnings per share to be between $5.10-$5.60, compared to a previous expectation of $6.5-$7.5 per share ** The midpoint of the current range is $5.35 per share, below analysts’ expectation of $5.46 per share — according to data compiled by LSEG ** DAL expects its full-year fuel costs to increase by about $6 billion, up from the previous forecast of a $4 billion increase ** The company’s third-quarter adjusted earnings per share were $1.72, missing the $1.75 estimate, marking its first quarterly profit miss in two years ** Analysts tracking DAL on average give it a "Buy" rating ** As of Thursday's close, Delta Air Lines (DAL) has risen 18.4% year-to-date, the highest gain among major U.S. competitors (For the convenience of non-native English speakers, this Reuters report is automatically translated into several other languages. Due to possible errors or missing context in machine translations, Reuters makes no guarantee as to the accuracy of the translated text, which is provided for reader convenience only. Reuters is not responsible for any damage or loss caused by the use of automated translation features.)
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