Encore Capital plans to raise $550M in senior secured notes offering

Encore Capital Group (NASDAQ:ECPG) reported Q2 CY2026 revenue of $491.9 million, up 11.3% year on year, exceeding Wall Street estimates by 8.1%. GAAP profit was $2.81 per share, 4.5% above consensus. The company cited record portfolio purchasing and collections, plus a $1 billion refinancing. Shares rose 3.2% to $95.38 after results.

ENCORE CAPITAL GROUP INC (ECPG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exhibit991ecpgq22026earnin.htm EX-99.1 Document Exhibit 99.1 Encore Capital Group Announces Second Quarter 2026 Financial Results • Favorable purchasing conditions continue in U.S. market • Global portfolio purchases of $444 million, including record $372 million in U.S

Eaton (NYSE:ETN) said the U.S. Air Force Research Laboratory awarded it a $7 million, 24-month contract to use quantum computing, machine learning, and advanced visualization to improve power grid resilience and protection. The work, with Infleqtion and Penn State, targets detection and response to multiple concurrent physical and cyber threats, addressing NERC N-2 contingency requirements.

ExxonMobil Moçambique Limitada issued McDermott Energy Solutions (UK) a letter of intent for limited engineering and procurement work on Rovuma LNG Phase 1 midstream development. The award supports planning ahead of a final investment decision expected in 2026. Rovuma LNG targets 12 modular trains totaling 18.6 mtpa, with start-up in 2031. ExxonMobil says the 30-year project could generate about $150B in revenues for Mozambique’s government.

Serbia President Aleksandar Vucic said Serbia will open a joint UAV factory with Elbit Systems, with inauguration expected Sept 15-20. Elbit will hold 51% and Serbia’s state arms firm SDPR 49%. The factory relates to a five-year contract covering precision rockets and unmanned systems, plus ISTAR, digitization and upgrades.

The U.S. Department of Defense, according to The Washington Post, asked defense contractors to submit within 21 days production and delivery schedules for critical systems, citing depleted stockpiles. CSIS estimates cite heavy early use of missiles and falling Patriot and THAAD inventories. The Pentagon is working with Northrop Grumman and Lockheed Martin, including a $58.6B deal to triple PAC-3 output by 2030, pending a stalled $1.15T defense budget.