Investors were delighted that its low-cost oil business generated $1.3 billion in free cash flow, leading to a significant surge in its adjusted earnings per share.ĮOG aims to use its free cash flow to deliver sustainable dividend growth and capitalize on acquisition opportunities. In 2022, the oil company pledged to return at least 60% of its annual free cash flow to shareholders. The company benefited from rising oil prices, reporting a 79% year-over-year increase in its revenue to $7.4 billion. In early August, EOG issued solid Q2 financials. It primarily relies on its properties in the Rocky Mountains, Permian Basin, and South Texas for oil production. Oil heavyweight EOG Resources (NYSE: EOG) is one of the largest exploration and production companies stateside. EOG Resources (EOG)ĮOG Resources logo on the website homepage.
A further decline toward $90 would give a better entry point into DLR shares. Wall Street’s 12-month median price forecast for Digital Realty is $150.50. Yet, it offers a generous 4.7% dividend yield. William Stein emphasized “improving pricing environment and rising occupancy.”ĭLR stock has dropped 44% year to date and recently traded at a five-year low before bouncing back. Digital Realty boasts over 40 ongoing expansion projects and has already pre-leased more than half of that capacity. Management expects data center demand to remain robust in the foreseeable future. While revenue increased 4% ear over year to $1.1 billion, investors were even more pleased to see a double-digit jump in core funds from operations (“FFO”) per share. Among the REIT’s customers are some of the leading tech companies.ĭigital Realty reported Q2 results in late July, delivering record bookings. Digital Realty manages around 290 data centers spread across 25 countries. A hallway with server racks on either side in a data centerĭigital Realty Trust (NYSE: DLR) is a real estate investment trust (“REIT”) that provides data center space.
0 kommentar(er)
