Universal Music Group 株価情報 (OTC: UMGNF)

最新ニュース Universal Music Group (OTC:UMGNF) 株価情報

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

UNIVERSAL MUSIC GROUP by UNIVERSAL MUSIC GROUP

Universal Music Group NV

Kinder Morgan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) reported first-quarter financial results after the market close on Wednesday. Here&#8217;s a look at the key details <a href="https://www.benzinga.com/pressreleases/25/04/b44851818/kinder-morgan-reports-first-quarter-2025-financial-results">from the quarter</a>.
Q1 Earnings: Kinder Morgan reported first-quarter revenue of $4.24 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $4.08 billion, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The energy infrastructure company reported adjusted quarterly earnings of 34 cents per share, missing analyst estimates of 35 cents per share.
Kinder Morgan reported first-quarter net income attributable to the company of $717 million, and adjusted EBITDA of $2.16 billion, up 1% year-over-year.
The company highlighted 8% backlog growth, driven by strong natural gas demand. Kinder Morgan noted that it&#8217;s actively pursuing &#8220;well over&#8221; 5 billion cubic feet per day of opportunities to serve the natural gas power generation sector.
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The company&#8217;s board approved a cash dividend of $0.2925&nbsp;per share for the&nbsp;first quarter, payable on May 15 to shareholders of record as of April 30. Kinder Morgan expects to declare dividends of $1.17 per share in total for 2025. 
&#8220;Obviously we are going through turbulent times, with some voicing fears of an economic downturn. History shows that our company is largely insulated against temporary volatility, due to our time-tested business model structured around long-term take-or-pay, fee-based contracts with credit-worthy customers. As has been the case in past periods of economic instability, our company can be a safe haven during the storm,&#8221; said Richard Kinder, executive chairman of Kinder Morgan.
&#8220;Looking past this temporary turbulence, we see a bright future based on robust market fundamentals combined with regulatory relief and a commitment to expediting energy infrastructure projects at the federal level.&#8221;
Guidance: Kinder Morgan expects full-year 2025 earnings of $1.27 per share versus <a href="http://pro.benzinga.com">Benzinga Pro</a> estimates of $1.28 per share. Kinder Morgan expects full-year net income attributable to the company to be up 8% compared to 2024. 
Kinder Morgan executives will further discuss the quarter on a conference call with investors and analysts at 4:30 p.m. ET.
KMI Price Action: <a href="http://benzinga.com/quote/kmi" target="_blank" rel="noreferrer noopener">Kinder Morgan shares</a> were up 0.37% after hours, trading at $27.105 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
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Photo: <a href="https://www.shutterstock.com/g/JHVEPhoto">JHVEPhoto</a>/Shutterstock.

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Kinder Morgan Q1 Earnings: Revenue Beat, EPS Miss, Forward Guidance — 'Our Company Can Be A Safe Haven During The Storm'

Outlook for 2025
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low End of</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">High End of</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Guidance for 2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Guidance for 2025</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(Per share/unit)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(Per share/unit)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income Available to Common Stockholders and Unitholders</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.52</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.62</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Add:&nbsp; Depreciation and Other Amortization of Real Estate (1)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1.37</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1.37</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Less:&nbsp; Gain on Sale of Real Estate Through April 16, 2025 (1)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">NAREIT Funds From Operations</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.97</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(1) Amounts include our share from a joint venture and are net of any associated income tax provision or benefit.</td>
</tr>
</tbody>
</table>
</figure>
The following assumptions were used for guidance:
<ul>
<li>Average quarter-end in service occupancy of 95.0% to 96.0%.</li>
<li>SS NOI growth on a cash basis before termination fees of 6.0% to 7.0%. This range excludes $4.5 million of income related to the 3Q24 accelerated recognition of a tenant improvement reimbursement.</li>
<li>Includes the incremental costs expected in 2025 related to the Company's completed and under construction developments as of March 31, 2025 and the aforementioned planned second quarter starts of First Park 121 Building F and First Park New Castle Building B. In total, the Company expects to capitalize $0.09 per share of interest in 2025.</li>
<li>General and administrative expense ("G&amp;A") of $40.5 million to $41.5 million.</li>
<li>Guidance does not include the impact of any future investments, property sales, debt repurchases prior to maturity, debt issuances, or equity issuances post the date of this press release.</li>
</ul>

First Industrial Realty Trust Sees FY25 EPS $1.52-$162 Vs $1.62 Est.; Sees FY25 NAREIT FFO $2.87-$2.97

<h2 class="wp-block-heading">1. Timing and trend sensitivity are now table stakes</h2>
From AI infrastructure to next-gen consumer platforms, investors are increasingly drawn to founders who can spot a wave before it breaks. Founders who possess a strong grasp of emerging cultural trends and the understanding to strategically time their market entry are increasingly attractive to investors.
It&#8217;s not just about identifying a prospective sector, but understanding the subtle shifts in consumer behavior, technological progress, and societal changes that create opportunities for innovation. Whether it&#8217;s the rise of AI or the evolution of entertainment platforms, the ability to anticipate and position a venture at the right moment is crucial. Investors understand that even the best ideas can fail if the timing is off or they fail to move with the prevailing zeitgeist.
Gaming and entertainment are perfect examples of industries shaped by cultural timing. Neither the rapid growth of live streaming and interactive platforms nor the emergence of alternative mobile app stores could be purely attributed to new technologies. The shift was equally driven by shifts in social behaviors, media consumption and evolving regulations. Founders who understood these trends and timed their moves accordingly often found significant success.
Good examples here are the<a href="https://techcrunch.com/2024/08/16/fortnite-maker-epic-games-launches-its-app-store-on-ios-in-the-eu-worldwide-on-android/"> Epic Games Store</a> and<a href="https://techcrunch.com/2025/03/13/skich-challenges-epic-games-with-an-alternative-app-store-on-ios-in-the-eu/"> Skich</a>, which launched the first alternative games-focused iOS mobile stores in Europe following the recent implementation of a new regulation in the EU known as the Digital Markets Act (DMA). The DMA aims to foster fairness and competition by establishing various obligations and restrictions on major tech companies like Apple.
A key example is the prohibition it places on iOS from preventing the operation of third-party app stores. Conversely, even good projects can struggle if they misjudge the cultural moment. Therefore, a keen sense of timing and trend sensitivity is now a fundamental requirement for securing investment and achieving lasting growth in today&#8217;s fast-paced market.
<h2 class="wp-block-heading">2. Obsession with audience = product-market fit advantage</h2>
Whether it's mid-sized enterprise clients or Gen Z gamers, founders who build with true industry insight over gut feelings and assumptions are the ones getting funded. This approach ensures products resonate and address real needs, reducing investment risk. In 2025, understanding and establishing rapport with your user base is everything.
This understanding is best demonstrated through user feedback, community engagement, and data-driven iteration. In the games industry, for example, companies strive to build an audience around their products as early as possible. They create channels on Discord, engage with their audience on Reddit and Gameram, and share updates on X (formerly Twitter) and mirroring posts on the increasingly popular Bluesky.&nbsp;
Founders who can articulate their audience&#8217;s behaviors and motivations have a powerful edge. This detailed insight informs product development, marketing, and customer retention. A reliable metric that a PC game has resonated with its target audience is, for instance, the number of wishlists and following users it has on Steam.
Just recently, for example, Ubisoft and Unfrozen<a href="https://gamespace.com/all-articles/news/heroes-of-might-magic-olden-era-hit-500k-wishlists/"> announced</a> that their game Heroes of Might &amp; Magic: Olden Era, a continuation of the legendary game series, has garnered over 500,000 wishlists, which is considered a significant achievement. Savvy investors see this strong user connection as a sign of a sustainable business and a higher chance of long-term success.
<h2 class="wp-block-heading">3. Talent is a leading indicator of potential</h2>
Great people follow great ideas. A founder&#8217;s ability to attract top talent in engineering, creative, and commercial roles (regardless of sector) strongly indicates future potential. Assembling a high-caliber team is an early indicator of a compelling vision and the founder&#8217;s ability to execute on it. This assures investors that the necessary skills for success are in place, boosting long-term credibility across any sector. Furthermore, the quality of the initial hires often sets the standard for future recruitment, creating a positive feedback loop for talent acquisition.
A strong team amplifies the founder&#8217;s vision, bringing diverse skills and networks that accelerate progress. This early validation by experienced professionals also serves as a powerful endorsement of the founder&#8217;s leadership and the viability of the venture itself. Investors know that a capable team is crucial for navigating challenges and seizing opportunities. Attracting top talent reduces execution risk and increases the chances of further investment and lasting competitive advantage.
<h2 class="wp-block-heading">4. Building defensibility from the start is a must</h2>
In 2025, it's not just about getting to market fast — it's about staying there. Investors are looking for signs that a startup can maintain a competitive advantage over time and balance sustainability and growth. Whether through IP, proprietary tech, or a fiercely loyal community, founders need to think about moats earlier than ever. This applies across industries – from fintech to gaming to AI tools. A clearly defined and defensible competitive advantage significantly increases a startup&#8217;s valuation and attractiveness to potential acquirers down the line.
Early defensibility is key for long-term viability. Investors look for sustainable advantages to protect against competition. Founders who have a clear plan for building these moats from the beginning show a strong understanding of the market and a commitment to lasting value, making their startups more attractive. One example of such a moat is the first-mover advantage. For instance, Twitch, launched in 2011, benefits significantly from this.
According to<a href="https://streamscharts.com/platforms"> StreamsCharts</a> data from April 2025, Twitch has roughly five times more average concurrent viewers than its main competitor Kick, which launched much later in October 2022. This difference in audience size demonstrates the kind of unassailable foothold a confident first-mover can establish in the market.
<h2 class="wp-block-heading">5. Investors want clarity on monetization — vision isn't enough</h2>
Founders across all industries need to show a path to sustainable revenue. Whether you&#8217;re building a SaaS tool or a mobile game, making an initial splash isn't enough; the ability to monetize long-term is a key differentiator. This requires a realistic strategy and understanding the target audience&#8217;s willingness to pay. Articulating a clear pricing strategy and demonstrating early traction with paying customers can significantly bolster investor confidence.
Monetization plans must also be scalable and align with the business model. Investors want to see how revenue will grow and generate returns. A clear plan with realistic projections gives confidence that the founder has a viable path to a profitable business. This focus on revenue models is now very important for investors. Clearly outlining key performance indicators (KPIs) related to revenue generation will further strengthen your investment thesis and make your product attractive to both investors and savvy end users who are looking for something long-term.

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The 5 Traits That Make Founders Stand Out To Investors

American International Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) has outperformed the market over the past 5 years by 1.16% on an annualized basis producing an average annual return of 15.15%. Currently, American International Gr has a market capitalization of $48.05 billion. 
Buying $1000 In AIG: If an investor had bought $1000 of AIG stock 5 years ago, it would be worth $2,044.70 today based on a price of $80.98 for AIG at the time of writing.
<h3>American International Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744836311_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.12 by 16.07 percent. This is a 64.56 percent increase over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $570.85 million which beat the analyst consensus estimate of $570.13 million by 0.13 percent. This is a 6.16 percent increase over sales of $537.73 million the same period last year.

Earnings Beats

Synovus Finl Q1 Adj $1.30 Beats $1.12 Estimate, Sales $570.85M Beat $570.13M Estimate

The first-quarter <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">semiconductor earnings parade</a> kicks off with ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a target="_blank" href="https://www.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo" rel="noreferrer noopener">on Wednesday</a> and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on Thursday, followed by the U.S. semi and semicap peers in the following week.
For U.S. chip vendors, BofA Securities analysts Vivek Arya and Duksan Jang expect first-quarter results to beat as their original outlook was likely conservative and tariff-related pull-ins created a better demand environment.
However, the second-quarter outlook could be in line as companies could widen the guidance range.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44841545/applied-materials-lam-research-kla-drop-amid-fresh-trade-war-fears-revenue-risk" rel="noreferrer noopener">Applied Materials, Lam Research, KLA Drop Amid Fresh Trade War Fears, Revenue Risk</a>
Regarding tariff impact, Arya and Jang expect U.S. chip companies to follow the example of early reporting companies Taiwan Semiconductor, ASML, Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>).
The analysts generically express concern on second-half demand headwinds and quantified gross margin headwinds from inflationary supply chain movements (such as Nvidia Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)) and higher U.S. sourcing.
Overall, semi-industry overhangs could persist pending clarity on new sectoral tariff rates (next several weeks), China retaliation, U.S. reciprocal tariffs, and AI diffusion rules (May 15).
On the positive side, despite some downside to estimates, valuation has become more compelling for high-quality areas in cloud/AI (Nvidia, Broadcom Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>)), design software (Cadence Design Systems, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>), Synopsys, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)) and semicap (Lam Research, KLA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>)).
The analysts laid down two potential scenarios, which are modest tariff impact and dire tariff impact. Their modest scenario aligns with limited China and reciprocal tariffs, while the dire scenario implies the implementation of specific sectoral tariffs on semis/electronics (tariff rates not yet announced).
In a modest scenario, tariffs could drive roughly ~4% hit to calendar 2025 sales and ~6% hit to calendar 2026 versus current consensus, with EPS declines mostly ranging between 5%-25% (12%-13% average) inclusive of 150bps gross margin hit.
In a dire scenario, estimates could be further pushed down, with a 9% and 12% sales decline in calendar 2025 and 2026 and EPS declines mostly ranging between 15%-50% (25%-30% average) inclusive of a 500bps gross margin hit.
For revenue impact, the analysts noted companies with AI/cloud/industrial exposures to fare better in a potential tariff-induced demand downturn.
At the same time, those with consumer/auto are at greater risk. Nvidia, Lam Research, Cadence Design Systems, Synopsys, and Applied Materials, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) are among the companies with the least potential sales impact (at -1% to -6% sales impact), while Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) could fare worse (at -7% to -9% impact).
Importantly, even under the above distressed EPS scenario (dire tariffs), Nvidia, Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Synopsys, and Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) have a 30%+ potential upside to historical P/E or PEG multiple at current stock price.
In a modest tariff scenario, the EPS hits of 12%-13% (2-2.5 times sales) are well below the 30%-40% reductions the analysts have seen in prior market downturns. However, the primary concern is PE multiple compression due to enhanced market risks.
The SOX index is currently trading at ~18 times forward PE, below the broader SPX at ~20 times, though above the 12-14 times PE at prior semi-industry downturns. Notably, the SOX index has more than given up the ~20% PE premium it gained during AI-fueled stock gains in calendar 2023 and 2024.
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure" target="_blank" rel="noreferrer noopener">AMD Flags $800 Million Risk From New US Chip Export Rules As China Tariffs Add Pressure</a></li>
</ul>
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AVGO

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MRVL

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These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.30 by 6.67 percent. This is a 5.88 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $411.61 million which beat the analyst consensus estimate of $409.66 million by 0.48 percent. This is a 1.17 percent increase over sales of $406.87 million the same period last year.

F N B Q1 Adj $0.32 Beats $0.30 Estimate, Sales $411.61M Beat $410.217M Estimate

First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) reported quarterly earnings of $0.68 per share which missed the analyst consensus estimate of $0.70 by 2.86 percent. This is a 13.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $177.07 million which beat the analyst consensus estimate of $177.05 million by 0.01 percent. This is a 9.12 percent increase over sales of $162.27 million the same period last year.

Earnings Misses

First Industrial Realty Q1 FFO $0.68 Misses $0.70 Estimate, Sales $177.07M Beat $176.254M Estimate

Biotech

Offerings

ERNA

Rnexa Therapeutics Files Prospectus For Resale Of 10.4M Shares Of Common Stock

JPMorgan analyst Richard W Sunderland shared a view on some North American utility companies <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">ahead of upcoming earnings</a>.
<h2 class="wp-block-heading">Atmos Energy Corp</h2>
Sunderland raised the price forecast of Atmos Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) from $164 to $166, while <a href="https://www.benzinga.com/quote/ATO/analyst-ratings" target="_blank" rel="noreferrer noopener">maintaining an Overweight rating</a>.
The analyst writes that the abatement letters filed in Texas distribution rate cases suggest the company has either finalized or reached agreements in principle in both proceedings, putting them on track for resolution this spring.
This outcome aligns with expectations and positions the company with minimal regulatory exposure going forward, which is a positive in today's uncertain environment, adds the analyst.
Sunderland says that, as Atmos typically revises guidance in the second quarter, he expects the company to raise the lower end of its current EPS range of $7.05–$7.25, narrowing toward the upper end (JPMorgan/Street median: $7.17).
Also Read: <a href="https://www.benzinga.com/25/03/44423307/jp-morgan-spire-positioned-for-growth-with-favorable-missouri-legislation-rate-case-developments" target="_blank" rel="noreferrer noopener">JPMorgan: Spire Positioned For Growth With Favorable Missouri Legislation, Rate Case Developments</a>
<h2 class="wp-block-heading">Spire Inc</h2>
Sunderland reiterated an Overweight rating for Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) and <a href="https://www.benzinga.com/quote/sr/analyst-ratings" target="_blank" rel="noreferrer noopener">a price forecast of $85</a>.
The analyst says he remains optimistic about the company&#8217;s outlook and anticipates that the intervenor testimony in the Missouri rate case (due by April 23) will suggest a potential settlement path.
The recent signing of SB4 further strengthens the regulatory backdrop in Missouri, though it's likely too early in the process to factor in benefits under a future test year, adds the analyst.
The analyst expects these tailwinds to offset softer first-quarter performance and keep Spire on track to meet its 2025 goals.
Sunderland estimates the second quarter EPS to be $3.73 and the full-year 2025 to be $4.51, compared to the Street median of $3.69 and $4.50, respectively.
<h2 class="wp-block-heading">NewJersey Resources</h2>
NewJersey Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) maintains an Outperform rating <a href="https://www.benzinga.com/quote/njr/analyst-ratings" target="_blank" rel="noreferrer noopener">with a price forecast of $56</a>.
Sunderland expects the second-quarter EPS estimate of $1.67 (vs. Street median $1.62) and raised 2025 estimates to $3.17 (vs. consensus of $3.14), close to the high end of the company&#8217;s guidance range of $3.05-$3.20.
Sunderland writes that Energy Services remains tough to forecast, but strong January volatility supports the upside flagged by management last quarter.
The analyst expects a modest upward revision to 2025 guidance (raising the low end or pointing higher within the range) in the second quarter.
The attention has shifted to tariffs and the Inflation Reduction Act (IRA), particularly regarding their potential effect on CEV. The company has indicated that proactive sourcing decisions have shielded it from near-term tariff impacts.
Sunderland also expects a measured, reassuring stance on the IRA from the company supported by safe harbor provisions, contractual protections, and strong relationships with developers.
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Equities

Large Cap

Mid Cap

Price Target

Reiteration

JPMorgan Boosts Atmos Price Target, Reaffirms Bullish View On Spire And NJR

Peru approves Keenali&#x2122; herbicide, transforming rice weed management in high-growth Latin American market&nbsp;
FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), a leading global agricultural sciences company, today announced it has received regulatory approval for Keenali&#x2122; herbicide powered by Dodhylex&#x2122; active (tetflupyrolimet) in Peru. The approval represents the first active ingredient and commercial product registration globally for this breakthrough herbicide technology. Dodhylex&#x2122; active is the first and only herbicide classified by the Herbicide Resistance Action Committee (HRAC) and the Weed Science Society of America (WSSA) as a Group 28 herbicide.

FMC Gets Regulatory Approval For Keenali Herbicide Powered By Dodhylex Active In Peru

FSI Q1 Top Line Revenue $7.4M, Down From $9.2M YoY

It's April 2025, and the markets are once again on edge. A fresh round of tariffs from President Donald Trump—this time a sweeping 145% levy on Chinese imports—sent the Dow plunging over 4,000 points in just two days. That's the biggest two-day drop in history, and it's got investors asking: <a href="https://www.benzinga.com/markets/25/04/44666499/mark-cuban-warns-of-a-crisis-far-worse-than-2008-if-trumps-tariff-turmoil-and-elon-musks-doge-moves-continue">is this another 2008</a>?
In a 2018 interview with <a href="https://youtu.be/k2VSSNECLTQ?si=z8GDwpVtUAln_zwz">The Wall Street Journal</a>, Warren Buffett explained the 2008 financial meltdown using a metaphor he's stuck with for years. "You can imagine the American economy is an economic train moving down a track that has no ending," he said. "Occasionally that train is going to get derailed."
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Buffett was in the thick of it during the actual derailment. In 2008, while panic spread and institutions collapsed, the White House turned to him. Treasury Secretary Hank Paulson reportedly took late-night calls from Buffett, who advised the government to inject capital directly into banks. That advice helped shape what became the $250 billion Troubled Asset Relief Program—a key tool in halting the financial freefall.
He didn't just offer advice. Buffett backed it up with billions of his own dollars. Berkshire Hathaway poured $5 billion into Goldman Sachs and $3 billion into General Electric—deals that weren't just lifelines, but signals to the world: America's biggest investor still believed the system would hold. And he was right.
"There will be other crises," Buffett said in 2018, a decade later. "The United States will come back… the factories don't disappear, the farmland doesn't disappear, the skills of the people don't disappear."
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Now, with inflation lingering, a seesawing stock market, and investors wondering if the latest tariff war is pushing the economy toward recession, <a href="https://www.benzinga.com/25/04/44665484/warren-buffetts-berkshire-hathaway-outpaces-sp-500-adds-8781-billion-in-investor-wealth-in-2025">Buffett's outlook is a sharp contrast to the panic</a>.
The S&amp;P 500 is down 10.4% year-to-date. The Nasdaq has fallen more than 15%. Economists are slashing growth forecasts. Headlines are loud. But Buffett's voice cuts through: "We've shown that America can't be stopped."
That's the lesson from 2008. Even when 50 million Americans held risky mortgages and fear moved "like a tsunami," the train eventually got back on track.
So, yes—<a href="https://www.benzinga.com/personal-finance/24/11/41949050/bill-gates-warned-the-u-s-will-experience-another-2008-style-financial-crisis-he-cant-predict-when-but-says-this-is-a-certainty">there will be more crashes</a>. More derailments. But as long as the tracks are there, Buffett's betting the train will keep moving.
And he's never bet against America.
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Personal Finance

Warren Buffett Said the Economy Is Like a Train—'Occasionally They Get Derailed' and Crashes Like 2008 Will Happen, But 'America Can't Be Stopped'

Management

QUBT

Quantum Computing CEO And President Dr. William McGann To Retire; Dr. Yuping Huang Appointed Interim CEO And President

Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) has outperformed the market over the past 20 years by 5.02% on an annualized basis producing an average annual return of 12.85%. Currently, Molina Healthcare has a market capitalization of $18.18 billion. 
Buying $100 In MOH: If an investor had bought $100 of MOH stock 20 years ago, it would be worth $1,139.07 today based on a price of $332.38 for MOH at the time of writing.
<h3>Molina Healthcare's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744835413_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have This Much Today

Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.
As of April 16, 2025, the company's total backlog is approximately $7.9 billion.&nbsp;&nbsp;
The report can be accessed on the company's website: <a href="https://www.globenewswire.com/Tracker?data=EvUt4MLex7OCxpfPca94mW3utheSVDYZMytJDYCOhyOUAMI2vQFgQfK86OM0e0ilb4ipk6PNOo1Z09XEFYLj7MjLme7THSuvpX6KJRCn8Qc=">www.deepwater.com</a>.

Transocean Ltd. Provides Quarterly Fleet Status Report; Says As Of April 16, 2025, The Company's Total Backlog Is ~$7.9B

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 53.85% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed up 29.50% at $0.09</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed up 23.68% at $0.66</li>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 19.72% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CGC">Canopy Gwth</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares closed up 16.83% at $1.18</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed up 11.54% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed up 11.11% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed up 11.01% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/CURR">Currenc Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed up 4.00% at $1.47</li>
<li><a href="https://www.benzinga.com/quote/CRBP">Corbus Pharmaceuticals</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares closed up 3.67% at $5.92</li>
<li><a href="https://www.benzinga.com/quote/CRON">Cronos Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) shares closed up 3.49% at $1.77</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/AUSAF">Australis Capital</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AUSAF#OTC">AUSAF</a>) shares closed down 99.67% at $1e-06</li>
<li><a href="https://www.benzinga.com/quote/ELLXF">Elixinol Wellness</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed down 16.67% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/SOLCF">SOL Glb Inv</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SOLCF#OTC">SOLCF</a>) shares closed down 15.98% at $0.06</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 8.32% at $0.76</li>
<li><a href="https://www.benzinga.com/quote/ITHUF">iAnthus Capital Hldgs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed down 6.25% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/SOL">Emeren Group</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) shares closed down 5.43% at $1.18</li>
<li><a href="https://www.benzinga.com/quote/CVSI">CV Sciences</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CVSI#OTC">CVSI</a>) shares closed down 4.20% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 3.75% at $0.21</li>
<li><a href="https://www.benzinga.com/quote/CLSH">CLS Holdings USA</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLSH#OTC">CLSH</a>) shares closed down 3.57% at $0.03</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

Markets

AUSAF

CBDY

CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CLSH

CRBP

CRON

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CVSI

ELLXF

FUAPF

ITHUF

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LVRLF

RMHB

SOLCF

UGRO

XXII

YCBD

Cannabis Stock Gainers And Losers From April 16, 2025

CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures <a href="https://www.benzinga.com/pressreleases/25/04/g44851645/csx-corp-announces-first-quarter-2025-results">from the report. </a>
The Details: CSX reported quarterly GAAP earnings of 34 cents per share, which missed the analyst consensus estimate of 37 cents. Quarterly revenue came in at $3.42 billion, missing the $3.46 billion consensus estimate, as declines in coal revenue, fuel surcharge and merchandise volume were only partially offset by the effects of higher merchandise pricing and growth in intermodal volume.
Total volume of 1.52 million units for the quarter was 1% lower compared to the first quarter of 2024.
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&#8220;CSX faced operational challenges to start the year, which contributed to first quarter results that did not meet our expectations,&#8221; said Joe Hinrichs, president and CEO of CSX. 
&#8220;In response, our talented and dedicated team of railroaders are working together to lift our performance and drive success through an uncertain market outlook. We are taking targeted actions to address the network constraints posed by two major ongoing infrastructure projects, and we remain committed to safely and reliably serving our customers,&#8221; Hinrichs said. 
CSX Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, CSX shares were down 1.28% after-hours at $27.15 on Wednesday.  
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Photo: Shutterstock

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RCAT

Red Cat Holdings Issues Prospectus Regarding Resale Of Up To 25.2M Shares Of Common Stock By Selling Stockholder

<a href="https://www.benzinga.com/topic/tariffs">Tariff announcements</a> and pauses have led to high volatility within the stock market and have investors trying to decide what to do with investments and personal savings.
A personal finance expert recently offered up some advice and commentary on President Donald Trump's potential tariffs.
Author Ramit Sethi is<a href="https://www.benzinga.com/news/24/05/38627546/i-will-teach-you-to-be-rich-author-ramit-sethi-became-a-self-made-millionaire-he-now-shares-his-simp"> best known for the book</a> "I Will Teach You To Be Rich," hosting the "Money For Couples" podcast and hosting "How To Get Rich" on Netflix.
Sethi offered some expert advice on how to survive these uncertain times due to Trump's tariffs.
Here are three of the key pieces of advice and commentary shared by Sethi, as reported by <a href="https://www.buzzfeed.com/meganeliscomb/ramit-sethi-trump-tariffs">Buzzfeed</a>.
Middle Class Hit Harder: Sethi said that tariffs will likely hit the middle class and poor Americans harder than wealthy people, something investors of all wealth levels should be aware of.
"There is good data showing that on an annual basis, these tariffs will hit the median American household, costing them over $2,500 per year. Trump's tariffs are directly a tax on the poor and middle class," Sethi said.
Sethi said tariffs could be instituted only to help provide a "big fat tax cut" for the wealthy.
Don't Panic On Retirement Accounts: While there are increased levels of uncertainty due to tariffs, the author cautions against making drastic moves and changing investment strategies.
"If you are in your 20s, 30s – even 40s – you can reasonably expect that the market will go up some years and it will go down some years," Sethi said.
The personal finance expert said young investors have a luxury that their investments will compound over time.
"What this means is, stop looking at your investment accounts and in general, keep investing consistently."
Sethi said there is a concern that seeing stocks go down and too many red days will lead to panic selling.
"I saw it happen in 2001, I saw it happen in 2008, I saw it happen in 2020. You can literally cost yourself millions of dollars if you make a panic decision."
Selling during a high volatile time could be one of the "worst financial decisions you can possibly make in your entire life," the expert warns.
Sethi said the stock market has recovered after world wars, during pandemics and other crises.
"I plan to be continuing to invest, and if you do the same, it will give you a very good shot at living at a very rich life."
Beef Up Emergency Fund: The personal finance expert said, instead of panic selling and worrying about retirement accounts, the number one focus should be on savings.
"I have an aggressive recommendation that I'm making, and that is to focus on assembling a 12-month emergency fund," Sethi said.
The expert said an emergency fund is typically recommended to be three to six months worth of funds.
"The only other time that I have recommended a 12-month emergency fund was when COVID hit, which should suggest the seriousness of the situation that we are in."
Sethi said that the tariff war likely isn't over and many other countries now see America as "an unstable partner."
"I see a lot of uncertainty ahead of us."
Sethi cautioned that companies may lay off employees in the future. Having an emergency fund could provide a cushion from a job cut or other hardships.
"You do not want to get into a situation where your back is against the financial wall, and you have to make really bad decisions."
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Photo: Ground Picture/Shutterstock.com

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