DAL

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by a recovery in U.S. e-commerce following the resolution of warehouse management system (WMS) issues that had previously disrupted shipments. Management prioritized high-margin sales and brand integrity over promotional volume in third-party marketplaces, resulting in a 500 basis point gross margin improvement despite lower revenue. New customer acquisition was fueled by 'iconic' franchises, specifically totes and swim, which served as entry points for younger demographics and new-to-brand shoppers. The Europe business pivoted toward a 'franchise-first' assortment to simplify operations and improve product margins, resulting in flat revenue but enhanced profitability. B2B Outfitters demand remained solid, particularly in national accounts like Delta Air Lines, though revenue recognition was hampered by ongoing WMS challenges in processing value-added services for school uniforms. Inventory levels increased 13% year-over-year, which management characterized as a return to pre-2025 norms following an intentionally lean position during prior tariff uncertainties. The new CEO's 'North Star' involves building a centralized AI engine to automate customer experiences, integrating browsing history, weather, and inventory data for personalized marketing. Guidance for the remainder of fiscal 2026 incorporates current tariff rates and assumes continued execution of mitigation measures to manage these headwinds. Management expects to unlock further warehouse efficiencies in 2027 by layering additional software solutions onto the newly implemented warehouse management system. The joint venture with WHP Global is expected to generate over $150 million in long-term guaranteed royalty value, though immediate impacts are limited by product lead times. Second half 2026 strategy relies on 'owning the weather' through a broader outerwear assortment and layering pieces like fleece, leveraging normalized inventory levels. The company completed a significant capital structure shift by using $300 million in proceeds from the WHP Global transaction to fully repay its term loan, reducing interest burdens. A $100 million stock repurchase program was authorized, with $11 million executed during the second quarter. Operational inefficiencies stemming from the WMS transition impacted SG&A expenses and delayed revenue recognition in the school uniform segment. Tariff headwinds remain a persistent factor, influencing both inventory planning and gross margin expectations for the fiscal year. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. CEO Charlie Cole intends to build an AI infrastructure that rivals top industry e-commerce platforms, focusing on real-time processing of customer behavior and environmental factors. The goal is to move beyond generic marketing to creative personalization that optimizes both conversion and long-term customer lifetime value. Management confirmed that WMS operations have returned to normal throughput levels, though they are still working through a remaining backlog in the Outfitters division. No further negative impacts from the WMS are anticipated in the Q3 or Q4 guidance, aside from the timing of the catch-up shipments. The European strategy has shifted to focus on core franchises to drive profitability rather than chasing trend-heavy or promotional volume. New licensing agreements under the WHP partnership are in place, but management noted a long lead time before these significantly impact revenue due to production cycles.

ZIM Integrated Shipping Services Ltd. ZIM reported second-quarter 2026 adjusted earnings of 64 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 10 cents. In the year-ago quarter, ZIM reported earnings per share of 19 cents. Revenues of $1.78 billion rose 8.9% year over year and beat the consensus mark of $1.63 billion by 9.5%. ZIM Integrated Shipping Services Ltd. price-consensus-eps-surprise-chart | ZIM Integrated Shipping Services Ltd. Quote Higher freight rates and carried volume supported the top line. ZIM carried 922 thousand twenty-foot equivalent units (TEUs), up 3.0% year over year, while the average freight rate per TEU increased 7.5% to $1,590. Pacific trade volume rose 20.3% year over year to 426 thousand TEUs, accounting for the strongest increase among ZIM's reported geographic trade zones. Intra-Asia volume also improved 6.5% to 212 thousand TEUs. The gains were partly offset by weaker traffic elsewhere. Cross-Suez volume fell 13.2% to 66 thousand TEUs, Atlantic volume declined 8.5% to 118 thousand TEUs and Latin America volume dropped 27.0% to 100 thousand TEUs. Gross profit increased 15.5% year over year to $255.0 million. However, operating expenses and cost of services climbed 10.5% to $1.21 billion, while general and administrative expenses jumped 27.7% to $107.5 million. Adjusted EBITDA rose 4.0% to $491 million, though the adjusted EBITDA margin contracted to 28% from 29%. Adjusted EBIT increased 13.4% to $169 million, with the related margin improving to 10% from 9%. Reported operating income slipped 3.3% to $144.3 million. Net income increased to $64.1 million from $23.7 million. The quarter included $25 million of acquisition-related costs, which were excluded from adjusted operating measures and helped explain the gap between reported and adjusted profitability. Net cash generated from operating activities totaled $394.6 million, down 10.6% from the year-ago quarter. Free cash flow declined 9.4% to $386 million, while net capital expenditures were $9 million compared with $15 million a year earlier. ZIM ended June with a total cash position of $2.53 billion, nearly unchanged from $2.54 billion at the end of March. Net debt was $2.77 billion, down from $2.93 billion, while the net leverage ratio improved to 1.6 times from 1.7 times. The net cash position, excluding lease liabilities, was $2.46 billion. The company currently operates 115 containerships with aggregate capacity of 707 thousand TEUs, along with 13 car carriers. This compares with 123 containerships with 767 thousand TEUs of capacity and 14 car carriers at the time of its second-quarter 2025 earnings release. Nine containership charters representing about 35 thousand TEUs are scheduled to expire during the rest of 2026. ZIM also has charter agreements covering 40 vessels and roughly 286 thousand TEUs of capacity, the vast majority of which is newbuild capacity. The committed capacity includes 10 newbuild dual-fuel LNG vessels of 11,500 TEUs each, expected for delivery in 2027 and 2028. Another 20 newbuild vessels ranging from 3,000 to 5,000 TEUs are scheduled for delivery over the same period. For 2026, ZIM expects adjusted EBITDA of $2.0-$2.4 billion and adjusted EBIT of $700 million-$1.1 billion. Management also expects significantly stronger performance in the second half of the year. Based on the current full-year outlook, the company expects to distribute dividends tied to 2026 results under its existing dividend policy. Future payouts remain subject to board discretion, Israeli law and restrictions under the Hapag-Lloyd merger agreement. ZIM's pending acquisition by Hapag-Lloyd remains targeted to close in the fourth quarter of 2026. Under the agreement announced in February, Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. Shareholders approved the transaction at a special meeting on April 30. The deal remains subject to customary closing conditions, including regulatory approvals and approval by the State of Israel under the Special State Share, or Golden Share, requirements. Currently, ZIM sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL)reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ZTO ExpressZTO reported second-quarter 2026 earnings of 56 cents per share, which improved from the year-ago quarter. Total revenues of $2.14 billion also improved from the year-ago reported quarter. ZTO Express (Cayman) Inc. price-consensus-eps-surprise-chart | ZTO Express (Cayman) Inc. Quote Mr. Meisong Lai, founder, chairman and chief executive officer of ZTO, stated, "In the second quarter of 2026, ZTO remained focused on elevating service quality and customer experience, improving operational efficiency, and fostering fair, transparent network policies. We handled a total parcel volume of 10.5 billion, representing a 6.5% year–over–year increase, outpacing the industry average by 2.3 percentage points. Adjusted net income reached RMB 3.1 billion. Daily average retail parcel volume continued to grow faster than traditional e–commerce parcel volumes. This structural shift boosted parcel volumes while enhancing overall profit margins." Revenues from the core express delivery business increased 23% year over year, owing to 6.5% growth in parcel volume and a 15.5% increase in parcel unit price. Within core express delivery revenues, key account revenues, generated by direct sales organizations, surged 63.6% year over year owing to an increase in e-commerce return parcels. Revenues from freight forwarding services rose 21.1% year over year. Revenues from sales of accessories, largely consisting of sales of thermal paper for digital waybills, fell 1.7% year over year. Other revenues were mainly derived from financing services. Gross profit increased 26.8% from the year-ago reported quarter. Gross margin rate improved to 25.7% from 24.9% in the year-ago period. Total operating expenses were RMB505.3 million ($74.5 million) compared with RMB469.3 million in the same period last year. ZTO Express exited the first quarter of 2026 with cash and cash equivalents of $1.65 billion compared with $1.43 billion at the end of the prior quarter. In March 2026, ZTO Express’ board also approved a new share repurchase program (the "New Program"), authorizing share repurchases of up to $1.5 billion of its shares over 24 months, effective from March 20, 2026 to March 20, 2028. In the second quarter of 2026, ZTO Express had repurchased an aggregate of 6,161,216 ADSs for $138 million (including repurchase commissions) under the New Program. The company is left with $1.36 billion of capacity under the authorization. Based on current market and operating conditions, ZTO Express updates its 2026 parcel volume guidance. ZTO Express now expects parcel volume in the range of 40.8 billion to 42.4 billion (reflecting 6-10% year-over-year growth). The prior provided guidance was in the range of 42.37 billion to 43.52 billion. Currently, ZTO Express carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ZTO Express (Cayman) Inc. (ZTO) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Berkshire Hathaway (NYSE:BRK.A) has expanded its Alphabet stake, making the stock its third-largest U.S.-listed equity holding. The move represents Berkshire's first quarter of net stock buying in 14 quarters under new CEO Greg Abel. Recent portfolio activity also includes fresh transactions in Delta Air Lines and homebuilder Taylor Morrison. The changes highlight a renewed focus on technology and homebuilding exposure within Berkshire's equity portfolio. For readers who want more ideas in a similar direction, the next place to look is 56 AI infrastructure stocks. Berkshire Hathaway, a US diversified financial group with a market cap of about $1.1b, generates most of its cash flow from insurance, freight rail and utilities. A larger Alphabet position adds more exposure to large cap technology alongside those core operating businesses. See which insiders are buying and selling Berkshire Hathaway following this latest news. The larger Alphabet stake makes technology a more visible part of Berkshire Hathaway’s equity story alongside insurance, rail and utilities. It suggests Greg Abel is comfortable adding more exposure to large cap tech rather than keeping most capital in cash and wholly owned subsidiaries. The move lands in a year when Berkshire reported US$101,808 million in Q2 revenue and US$25,667 million in net income, with earnings from continuing operations of US$17,868 per share. At the same time, Berkshire increased its interest in Delta and homebuilding via Taylor Morrison and reduced its Bank of America position by about 30 million shares, which points to a different mix of sector exposures. The next useful checkpoint for investors is Berkshire Hathaway’s Q3 2026 earnings release and 13F style portfolio disclosure. The focus will be on the size of the Alphabet holding, any further changes in large bank positions and how these shifts compare with Q2’s US$37.9 billion Alphabet stake. For the full picture including more risks and rewards, check out the complete Berkshire Hathaway analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BRK-A. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

A month has gone by since the last earnings report for United Airlines (UAL). Shares have added about 6.4% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is United due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for United Airlines Holdings Inc before we dive into how investors and analysts have reacted as of late. United Airlines reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. Passenger revenues increased 16.4% year over year to $16.10 billion. Domestic passenger revenues advanced 20.3%, while international passenger revenues rose 11.2%. Pacific revenues increased 18.7%, Europe gained 10.2% and Latin America improved 10.5%, partly offset by a 16.4% decline in the Middle East, India and Africa region. Consolidated passenger revenue per available seat mile increased 12.5%, while yield rose 12.1%. Premium revenues grew 16%, Basic Economy revenues advanced 11% and loyalty revenues increased 11%. Contracted business revenues jumped 27%, reflecting robust close-in demand. Traffic, measured in revenue passenger miles, increased 3.8%, while capacity rose 3.5%. With traffic growth slightly outpacing capacity expansion, the consolidated load factor improved 0.3 percentage points to 83.4%. United transported 48.7 million passengers, up 5.4% from the prior-year period. Domestic load factor declined 0.6 points to 83.5%, but the international load factor climbed 1.2 points to 83.2%. The airline also operated the 10 highest-volume passenger days in its history during June. Operating expenses rose 19.2% to $16.58 billion, outpacing revenue growth. Aircraft fuel expense surged 84.1% to $5.11 billion as the average fuel price increased 79.4% to $4.19 per gallon. Fuel consumption rose 2.7%. Cost per available seat mile increased 15.2% to 18.99 cents. CASM-ex, which excludes fuel, profit sharing, special items and third-party business expenses, rose 6.1% to 13.12 cents. Salaries and related costs increased 6.2%, while distribution expenses climbed 32.3%. Adjusted operating income fell 46.3% to $951 million, while the adjusted operating margin narrowed 6.2 percentage points to 5.4%. Adjusted pre-tax income declined 49.5% to $843 million, and the adjusted pre-tax margin contracted to 4.8% from 11%. Adjusted net income decreased 48.7% to $649 million. On a reported basis, net income fell 17.3% to $805 million, while diluted earnings declined to $2.46 per share from $2.97. The difference reflected special credits, including gains from aircraft sale-leaseback transactions. Operating cash flow totaled $1.61 billion during the quarter, while free cash flow came in at $322 million. Adjusted capital expenditures were $1.45 billion, reflecting continued spending on fleet and customer-facing investments. Available liquidity ended the quarter at $19.6 billion. Cash and cash equivalents totaled $10.17 billion, while short-term investments were $6.47 billion. Debt, finance lease obligations and other financial liabilities stood at $26.46 billion, and trailing-12-month net leverage was 2.2 times. United now expects adjusted earnings of $9-$11 per share for 2026. For the third quarter, adjusted earnings are projected between $2.50 and $3.50 per share, based on an assumed all-in fuel price of approximately $3.69 per gallon. Management expects third- and fourth-quarter TRASM growth to exceed the second quarter’s 12.1% increase. The airline anticipates recovering 80%-90% of the fuel-price increase in the third quarter and all of it by the fourth quarter. Adjusted capital expenditures are forecast at approximately $7.5 billion for 2026. United expects its mainline fleet to reach 1,173 aircraft by year-end, up from 1,122 at the end of the second quarter. The plan includes 323 Boeing 737 MAX aircraft, 100 Boeing 787s and 88 Airbus A321neo or XLR aircraft. Regional aircraft are expected to total 442. The airline had installed Starlink on more than 450 aircraft and expects nearly 1,000 installations by year-end. It also plans to introduce its first Airbus A321XLR into domestic service in the fall, followed by international deployment early next year. In the past month, investors have witnessed a downward trend in estimates revision. The consensus estimate has shifted -9.74% due to these changes. Currently, United has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top 20% for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, United has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. United is part of the Zacks Transportation - Airline industry. Over the past month, Delta Air Lines (DAL), a stock from the same industry, has gained 5.3%. The company reported its results for the quarter ended June 2026 more than a month ago. Delta reported revenues of $17.67 billion in the last reported quarter, representing a year-over-year change of +6.1%. EPS of $1.56 for the same period compares with $2.10 a year ago. Delta is expected to post earnings of $2.19 per share for the current quarter, representing a year-over-year change of +28.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.3%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Delta. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

International Seaways, Inc. INSW reported second-quarter 2026 earnings of $5.91 per share, surpassing the Zacks Consensus Estimate of $5.28 by 11.9%. Earnings increased sharply from $1.25 per share in the year-ago quarter as tanker rates strengthened across the fleet. Shipping revenues of $467.3 million surged 138.8% year over year and topped the consensus estimate of $406 million by 15%. Higher spot earnings and improved profit-sharing results from applicable time charters drove the outperformance. International Seaways Inc. price-consensus-eps-surprise-chart | International Seaways Inc. Quote Consolidated time charter equivalent (TCE) revenues climbed to $434 million from $189 million a year earlier. The blended average spot rate advanced to approximately $79,000 per day from $27,500 in the prior-year quarter. Net income reached a record $295 million compared with $61.6 million a year ago. Adjusted EBITDA rose to a record $345 million from $102 million, reflecting the stronger rate environment and profit-sharing income. Crude Tankers revenues increased to $285 million from $104 million in the year-ago quarter, while segment TCE revenues advanced to $253 million from $99 million. Average spot earnings exceeded $64,500 per day, while average time-charter earnings were approximately $75,700 per day, including higher profit-sharing results. Spot rates were strong across the crude fleet. VLCC earnings averaged $118,900 per day, Suezmax earnings were $100,500 per day and Aframax earnings reached $69,100 per day. The year-over-year improvement more than offset fewer revenue days stemming partly from vessel sales and increased VLCC off-hire time. Product Carriers' revenues rose to $182 million from $92 million a year earlier. Segment TCE revenues increased to $181 million from $90 million, supported by average spot earnings of approximately $42,600 per day across the product fleet. On an asset-class basis, LR1 spot earnings averaged $79,200 per day and MR spot earnings averaged $60,300 per day. The rate-driven gains were partly tempered by fewer MR revenue days following the sale of older vessels as International Seaways continued to renew its fleet. Quarterly free cash flow reached a record $261 million, nearly $100 million above the company's previous high. INSW ended June with approximately $935 million in total liquidity, including $409 million of cash and short-term investments and $526 million of undrawn revolving credit capacity. Total debt was approximately $651 million before deferred financing costs, while net loan-to-value was about 6%. The company declared its largest ever quarterly dividend of $5.05 per share, representing an 85% payout ratio of adjusted net income. The dividend is payable Sept. 24, 2026, to shareholders of record as of Sept. 10, 2026. International Seaways contracted four additional scrubber-fitted, dual-fuel-ready LR1 newbuildings for an aggregate $244 million. Delivery is expected in the second half of 2028, with the vessels slated to enter the Panamax International Pool. The company took delivery of Seaways Cristobal during the second quarter, the fourth vessel in its original six-LR1 program. The remaining two vessels are expected to arrive in the third quarter of 2026. As of July 1, the company had 13 vessels on time charters, with approximately $240 million of contracted revenues through expiry, excluding profit-sharing provisions. As of July 30, 2026, 48% of projected spot revenue days for the third quarter were booked at a blended average rate of approximately $61,000 per day. Booked spot rates included $118,300 per day for VLCCs, $91,800 for Suezmaxes, $48,900 for Aframax/LR2 vessels, $37,200 for LR1s and $34,700 for MRs. Management expects third-quarter vessel expenses of $61-$66 million, general and administrative expenses of $16-$17 million, interest expense of $11-$12 million and depreciation of $40-$42 million. Capital expenditures, including drydock costs but excluding newbuilding payments, are projected at $13-$16 million for the third quarter and $37-$40 million for the second half of 2026. The company estimates an all-in forward 12-month spot cash break-even rate of about $14,400 per day. Its high booked rates, low leverage and substantial liquidity position International Seaways to continue fleet renewal, debt reduction and shareholder returns while retaining flexibility for strategic opportunities. Currently, INSW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines DAL reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenues per available seat mile (TRASM) by 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. UAL reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. JBHT reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Seaways Inc. (INSW) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Copa Holdings, S.A. (CPA)reported second-quarter 2026 earnings of $1.67 per share, down 53.9% year over year. The figure missed the Zacks Consensus Estimate of $1.88 by 11.2%, mainly due to a sharp increase in jet fuel costs. Quarterly revenues rose 25.7% year over year to $1.06 billion but missed the consensus mark of $1.07 billion by 0.6%. Passenger yields increased 8.7%, while revenue per available seat mile rose 7.9% year over year. Copa Holdings, S.A. price-consensus-eps-surprise-chart | Copa Holdings, S.A. Quote Passenger revenues, which accounted for 94.6% of the top line, increased 25.8% year over year to $1.00 billion. The upside was owing to a 15.7% increase in revenue passenger miles and an 8.7% increase in passenger yield. The improvement reflected higher traffic and stronger pricing across the network. Cargo and mail revenues climbed 20.8% year over year to $34.18 million, owing to higher cargo volumes, which includes the full-year effect of a second freighter. Other operating revenues rose 32.4% year over year to $22.54 million, mainly owing to an increase in ConnectMiles revenues from non-air partners. Revenue passenger miles, a measure of traffic, increased 15.7% year over year. Available seat miles, which measure capacity, rose at a faster rate of 16.5%. As capacity growth outpaced traffic, load factor declined 0.6 percentage points from the year-ago reported quarter to 86.7%. Copa Holdings carried 4.14 million revenue passengers, up 14.9% year over year, while onboard passengers increased 15.1% year over year to 6.18 million. Passenger revenue per available seat mile rose 8% year over year to 11.0 cents. Revenue per available seat mile (RASM) rose 7.9% year over year to 11.6 cents. Operating expenses surged 46.8% year over year to $967.68 million. Fuel expense more than doubled to $449.55 million as the average price per gallon jumped 84.8% year over year to $4.28 and consumption increased 14.2%. The cost escalation reduced operating profit by 50% year over year to $91.66 million. Operating margin contracted 13.1 percentage points to 8.7%, while net margin fell 11.2 percentage points to 6.4%. Cost per available seat mile, or CASM, increased 26% year over year to 10.6 cents because of the fuel-price spike. Excluding fuel, CASM edged down 0.1% year over year to 5.7 cents, reflecting disciplined control over the airline’s underlying cost base. Wages, salaries, benefits and other employee expenses rose 7.4% year over year to $131.36 million. Depreciation and amortization increased 21.6% year over year, flight operations costs climbed 30.7%, and airport facilities and handling charges rose 19.6%. Copa Holdings ended June with $1.54 billion in cash, short-term investments and long-term investments. The total represented 39% of revenues over the trailing 12 months, while net debt to EBITDA stood at 0.9 times. Net cash flow from operating activities totaled $617.90 million for the first six months of 2026. Investing activities used $799.51 million, including advance payments on aircraft purchase contracts and property and equipment spending. The company took delivery of four Boeing 737 MAX 8 aircraft during the quarter and ended June with a fleet of 131 aircraft. Copa Holdings posted an on-time performance of 90.6% and a flight completion factor of 99.8%. The company operated its first aircraft equipped with Starlink Internet on July 4, 2026, and expects fleetwide installation by the first half of 2027. The airline also plans to shift from six to eight connecting banks at its Panama City hub beginning in March 2027. Copa Holdings’ board ratified a dividend payment of $1.71 per share for the third time in 2026.The dividend is scheduled for payment on Sept. 15, 2026, to shareholders of record as of Aug. 31. The payment follows $140.66 million in dividends paid during the first half of 2026. CPA also used $45.00 million for share repurchases over the same period. Demand across the network continues to be strong, despite fuel prices being high and volatile as compared to prior-year levels. Based on demand trends and current fuel cost projections, Copa Holdings is updating its full-year 2026 outlook and now expects an operating margin in the range of 17% to 19% (prior view: 8% to 12%) and a capacity increase in ASMs within the range of 14% to 15% (prior view: 16%).Top of Form For 2026, CPA’s management expects unit revenues (RASM) of 12 cents and a fuel price of $3.60 per gallon. The load factor for the current year is expected to be 87%. Non-fuel unit costs are anticipated to be 5.7 cents. Copa Holdings expects to end 2026 with 132 (prior view: 133) aircraft and 2027 with 142 (prior view: 144) aircraft. Currently, Copa Holdings carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL)reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

LATAM Airlines Group S.A. (LTM) reported second-quarter 2026 earnings of 58 cents per share, which beat the Zacks Consensus Estimate of 14 cents by 314.3%. The bottom line declined 28.4% year over year. Revenues increased 27.6% year over year to $4.18 billion and surpassed the consensus mark of $3.85 billion by 8.6%. Passenger unit revenues climbed 17.5%, reflecting higher fares and strong yields despite an 8.9% capacity expansion. LATAM Airlines Group S.A. price-consensus-eps-surprise-chart | LATAM Airlines Group S.A. Quote Passenger revenues, accounting for 86.4% of operating revenues, grew 27.9% year over year to $3.61 billion. Premium demand remained strong and premium offerings contributed 29% of passenger revenues, up two percentage points from the first quarter. Passenger revenue per available seat kilometer, or PRASK, increased to 8.1 cents from 6.9 cents a year earlier. The increase reflected LATAM’s ability to implement higher fares while maintaining traffic growth across its network. Cargo revenues, representing 12.2% of the top line, increased 21.8% year over year to $510 million. Cargo yields rose 17.8% year over year, while cargo traffic improved 3.4%. The group transported 261,000 tons, up 1.9% from the prior-year quarter. Other income surged 63.9% year over year to $59 million, aided by growth at LATAM Travel and higher revenues from non-airline LATAM Pass products. Consolidated capacity, measured in available seat kilometers, increased 8.9% year over year to 44.5 billion. Passenger traffic rose at a slower rate, resulting in a 1.7-percentage-point decline in load factor to 81.8%. The company transported 21.1 million passengers, up 2.5% year over year. International capacity increased 11.8% year over year, while capacity in domestic Brazil and the domestic Spanish-speaking countries grew 5.7% and 5.3%, respectively. Total adjusted operating expenses increased 38.5% year over year to $3.96 billion, primarily because of higher jet fuel costs and network expansion. Aircraft fuel expense surged 93.1% year over year to $1.71 billion. The average all-in fuel price, including hedges, climbed 81.3% year over year to $194.50 per barrel, while consumption increased 6.8%. Consequently, adjusted operating income declined 46.3% year over year to $227 million and adjusted operating margin contracted 7.5 percentage points to 5.4%. LATAM Pass reached 56 million members, representing growth of 9% year over year. Elite membership increased 26%, while sales to elite members through third parties rose 48% year over year. LATAM Pass members generated 67% of passenger revenues during the quarter. The loyalty program, premium offerings and integrated cargo operations helped the company maintain profitability despite the sharp increase in fuel prices. LTM generated adjusted operating cash flow of $476 million during the quarter and ended June with cash and cash equivalents of $2.65 billion. Including $1.58 billion in undrawn revolving credit facilities, total liquidity was $4.23 billion. Adjusted net leverage remained at 1.5 times. LATAM received nine aircraft during the quarter and ended the period with 383 aircraft, comprising 363 passenger aircraft and 20 cargo freighters. LATAM raised its 2026 adjusted EBITDA guidance to $4.10-$4.40 billion from the previous forecast of $3.80-$4.20 billion. The updated outlook assumes jet fuel prices of $147 per barrel in the third quarter and $130 in the fourth quarter. The company expects 2026 revenues of $17.30-$17.70 billion (prior view: $15.5-$16.0 billion) and total capacity growth of 9%-10% (prior view: 8-10%). Adjusted operating margin is projected to be in the range of 12%-13% (prior view: 15%-17%), while adjusted levered free cash flow is expected to be at least $1.30 billion. Currently, LATAM Airlines carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL)reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report LATAM Airlines Group S.A. (LTM) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Schneider National, Inc. (SNDR) reported second-quarter 2026 adjusted earnings of 29 cents per share, beating the Zacks Consensus Estimate of 22 cents by 31.8%. Earnings rose 38.1% from 21 cents per share in the year-ago quarter. Operating revenues increased 10.4% year over year to $1.57 billion and topped the consensus estimate of $1.51 billion by 4%. Disciplined revenue management, cost reductions and productivity gains supported the quarter. Truckload revenue per truck per week improved 5% to $4,162. Apart from better-than-expected results, Schneider has also raised its 2026 guidance.Management raised its full-year 2026 adjusted earnings guidance to 90 cents-$1.10 per share from 70 cents-$1.00. The Zacks Consensus Estimate is currently pegged at $1.02. The outlook assumes an effective tax rate of approximately 24%. Net capital expenditures are now expected to be between $350 million and $400 million, down from the prior range of $400 million-$450 million. Management cited lower planned spending on trailing equipment. Schneider expects continued capacity rationalization to support freight conditions, though its outlook incorporates a range of demand and driver-capacity outcomes for the second half. Schneider National, Inc. price-consensus-eps-surprise-chart | Schneider National, Inc. Quote Income from operations rose 30% year over year to $71.4 million. Adjusted income from operations increased 29% year over year to $73.2 million, reflecting stronger execution across the enterprise. The adjusted operating ratio improved 110 basis points to 94.5%. Adjusted EBITDA rose 8% year over year to $180 million, while adjusted net income climbed 36% to $51 million. Truckload revenues, excluding fuel surcharge, increased 1% year over year to $627.6 million. Improved Network pricing and productivity more than offset lower Dedicated volume. Total average trucks declined to 11,762 from 12,224 a year earlier. Dedicated revenues fell to $430.9 million from $440.4 million, while Network revenues increased to $196.6 million from $181.9 million. Network revenue per truck per week jumped to $4,421 from $3,821, highlighting stronger pricing and asset productivity. Truckload income from operations rose 28% year over year to $51.4 million. The improvement reflected better Network pricing and productivity, fuel surcharge recovery, equipment utilization and higher gains on equipment sales. These benefits were partly offset by increased purchased transportation and maintenance costs. The segment operating ratio improved 180 basis points to 91.8%, indicating a meaningful reduction in operating costs as a percentage of revenues. Intermodal revenues, excluding fuel surcharge, declined 1% year over year to $262 million. Revenue per order decreased 2% year over year to $2,394, mainly due to a shorter length of haul, while orders edged up to 108,461 from 108,218. Intermodal income from operations increased 14% year over year to $18.4 million. Fuel surcharge recovery, volume growth and higher gains on equipment sales outweighed increased purchased transportation costs. The operating ratio improved 90 basis points to 93%. Logistics revenues, excluding fuel surcharge, increased 11% year over year to $376.1 million. Higher revenue per order drove the gain, though lower brokerage volume limited the upside. Segment income from operations surged 53% year over year to $12.1 million. Higher net revenue per order and cost actions more than offset increased purchased transportation expense and weaker brokerage volume. The operating ratio improved 90 basis points to 96.8%. Schneider exited the second quarter with cash and cash equivalents of $292.7 million compared with $227.8 million at the end of the prior quarter. Long-term debt was $385.6 million at the end of the reported quarter compared with $388.1 million at the end of the prior quarter. SNDR generated $171.4 million of cash from operations in the reported quarter. Net capital expenditures were $83.5 million. Second-quarter free cash flow was $87.9 million, down from $123 million a year ago as net capital expenditures increased. The company repurchased 0.2 million Class B shares for $5.2 million under its $150 million authorization. It also returned $34.6 million to shareholders through dividends in the first half of 2026. Currently, Schneider sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL)reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schneider National, Inc. (SNDR) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Grab Holdings Limited (GRAB) reported second-quarter 2026 earnings per share of 6 cents, which surpassed the Zacks Consensus Estimate of earnings of a penny per share. In the year-ago quarter, GRAB reported earnings of 1 cent per share. Quarterly revenues of $997 million missed the Zacks Consensus Estimate of $1.00 billion. The top line, however, improved 22% year over year on a reported basis or 21% on a constant currency basis. The upside was owing to growth across the company’s On-Demand and Financial Services segments. On-Demand Gross Merchandise Value (GMV) grew 21% year over year or 22% on a constant currency basis to $6.46 billion. On-Demand monthly transacting users (MTUs) increased 17% on a year-over-year basis. Adjusted EBITDA of $168 million improved 54% year over year, owing to revenue growth and improved profitability across segments. Adjusted EBITDA margin rose to 16.9% from 13.3% in the second quarter of 2025. Grab Holdings Limited price-consensus-eps-surprise-chart | Grab Holdings Limited Quote Revenues at Grab’s deliveries segment grew 21% year over year, or 19% year over year on a constant currency basis, to $531 million in the first quarter of 2026. The uptick was owing to growth in Deliveries GMV and Advertising business revenues. Mobility segment revenues grew 12% year over year as well as on a constant currency basis to $331 million. The upside was backed by solid growth in Mobility GMV and continued expansion of Mobility MTUs and transactions. Revenues for the Financial Services segment improved 59% year over year, or 62% year over year on a constant currency basis, to $134 million in the second quarter of 2026. Growth was backed by increased contributions from lending across GrabFin and Digibanks. Revenues for Others were $1 million in the second quarter of 2026. GRAB exited the second quarter of 2026 with cash liquidity of $7.4 billion compared with $6.9 billion at the end of the prior quarter. GRAB used $56 million of net cash from operating activities in the second quarter of 2026. Capital expenditures totaled $49 million. Adjusted free cash flow was $73 million during the reported quarter. Grab raised its 2026 revenues between $4.10 billion and $4.15 billion, indicating 22-23% year-over-year growth (prior view: $4.04 billion and $4.10 billion, indicating 20-22% year-over-year growth). The Zacks Consensus Estimate is currently pegged at $4.09 billion. Adjusted EBITDA for 2026 is now expected to be in the band of $720 million-$740 million (prior view: $700-$720 million). The updated EBITDA guidance hints at year-over-year growth in the 44-48% range. Currently, GRAB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Grab Holdings Limited (GRAB) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Kirby Corporation (KEX) reported second-quarter 2026 earnings of $1.67 per share, missing the Zacks Consensus Estimate of $1.70 by 1.8%. Earnings were unchanged year over year as fuel-cost headwinds and elevated shipyard activity pressured marine transportation profitability. Revenues of $922.4 million increased 7.8% year over year and surpassed the consensus estimate of $863 million by 6.9%. Marine transportation benefited from healthy demand, with inland barge utilization in the low-90% range and coastal utilization in the high-90% range. Kirby Corporation price-consensus-eps-surprise-chart | Kirby Corporation Quote Marine transportation revenues increased 9% year over year to $537 million. Strong customer demand and improving market fundamentals supported growth across both inland and coastal operations. However, segment operating income declined 11% to $87.8 million. Operating margin contracted to 16.4% from 20.1% in the year-ago quarter, reflecting higher fuel expenses in inland marine and increased planned shipyard activity in coastal marine. Inland marine contributed 80% of marine transportation revenues. Average spot market rates improved in the low-to-mid-single-digit range sequentially, while term contract renewals increased in the low-single-digit range from the prior-year level. Inland operating margin remained in the high-teens range. Management expects cost escalators and rate-recovery mechanisms to reverse the fuel-related margin pressure during the third quarter. Coastal marine generated the remaining 20% of segment revenues. Coastal revenues rose 10% year over year, but term contract renewal rates declined in the low-single-digit range because of increased vessel availability in the 80,000-to-100,000-barrel articulated tug-barge market. Distribution and services revenues increased 6% year over year to $385.4 million. Operating income rose 8% to $38.2 million, while operating margin expanded slightly to 9.9% from 9.8%. Power generation revenues increased 8%, while operating income advanced 27%. Demand remained strong for behind-the-meter and backup power solutions, particularly from data center and industrial customers. Power generation represented roughly 40% of segment revenues. Commercial and industrial revenues grew 12%, supported by strong marine repair activity and healthy demand in other industrial markets. Operating income increased 11%, and the business accounted for about 50% of segment revenues. Oil and gas revenues declined 17% year over year, while operating income fell 45%. The business remained affected by subdued oilfield activity and represented approximately 10% of distribution and services revenues. Sequential trends were more encouraging. Revenues increased 20% from the first quarter, while operating income climbed 67%, driven by improving demand for parts and services. Operating margin was in the mid-to-high-single-digit range. Net cash provided by operating activities was $72.2 million, while capital expenditures totaled $71.5 million. This resulted in free cash flow of $0.7 million. Working capital requirements were elevated because of stronger business activity, shipment and collection timing, growth in power generation and higher fuel-related receivables. Kirby ended June with $39 million in cash and cash equivalents, total debt of $1.04 billion and available liquidity of $565.9 million. The company repurchased 419,398 shares for $59.7 million during the quarter at an average price of $142.38. It bought back an additional $29 million of shares early in the third quarter at an average price of $139.92. Kirby maintained its full-year earnings growth guidance of 5-15% and expects results to trend toward the upper end of the range. The company continues to anticipate operating cash flow of $575-$675 million and capital spending of $220-$260 million. Inland marine revenues are expected to increase in the mid-to-high-single-digit range, with full-year operating margin in the high-teens to low-20% range. Coastal revenues are projected to grow in the mid-single-digit range, supported by high utilization and healthy customer demand. Distribution and services revenues are expected to rise in the mid-single-digit range, with operating margin in the mid-to-high-single-digit range. Power generation and marine repair demand should support results, although OEM engine-delivery timing could continue to create quarterly variability. Currently, Kirby carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Delta Air Lines (DAL) reported second-quarter 2026 earnings (excluding 88 cents from non-recurring items) of $1.56 per share, beating the Zacks Consensus Estimate of $1.51. Earnings declined in double digits (% wise) from a year ago as sharply higher fuel costs pressured profitability. Revenues rose on a year-over-year basis to $17.67 billion but missed the consensus estimate of $17.76 billion. Broad demand strength lifted adjusted total revenue per available seat mile, or TRASM, 12.4%, while premium and diversified revenue streams continued to expand. United Airlines Holdings, Inc. (UAL) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68-billion consensus mark. A 12.1% increase in total revenue per available seat mile, or TRASM, and broad-based gains across premium, loyalty and cargo revenues supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kirby Corporation (KEX) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research