PACS Group, Inc. (PACS): Results of Operations and Financial Condition

Shearwater Group said it secured a five-year £25m contract extension with a UK telecoms client, covering packet monitoring and forensic services. £12.5m is to be recognised in 2025-26, but cash is expected after year end; net cash is forecast at £5.6m and pre-tax profit at £1.1m. Shares rose 17.6% to 43.5p. Polar Capital and Supreme also moved on results.

Ormat Technologies (NYSE: ORA) said it expects storage pricing to normalize in 2H while remaining stronger than prior years. It guided 2H energy storage gross margin at 30% to 40% and 40% to 50% for full-year. Q2 electricity revenue rose 5.8% to $169.3M. 2026 revenue guidance is $1.15B to $1.2B, adjusted EBITDA $630M to $650M.

Onto Innovation (NYSE:ONTO) reported Q2 operating cash flow of $62 million and cash and short-term investments of about $1.9 billion as of June 30. In May it completed a $1.5 billion 0% convertible debt offering due 2031, netting about $1.2 billion, and used part for repurchases. Q3 revenue guidance is $380-$400 million; non-GAAP EPS about $2.28 at midpoint. Advanced-node revenue expected to grow over 35% in 2026; advanced-packaging growth outlook raised to about 80% for 2026.

ONE Gas (NYSE:OGS) said House Bill 4384 is expected to add about $0.42 to full-year adjusted EPS, with quarterly timing varying by GRIP capital placed in service. The company reported $900,000 capacity-release revenue in Q2 and $2.8 million YTD, plus $1.2 million more expected. It completed $188 million of capital projects and discussed regulatory rate increases in Oklahoma, Texas, and Kansas.

OR Royalties (NYSE:OR) reported Q2 call highlights. Management said $0.968 of each revenue dollar became cash margin. Canadian Malartic faced a north-wall rock mass movement, making about 370,000 oz of gold inaccessible over three years, but 2026 guidance stayed intact. The firm closed $335M acquisitions, ended June with $75.6M cash and $139M net debt, raised its dividend, and expanded its credit facility to $850M.

Optimum Communications (NYSE: OPTU) reported Q2 mobile growth, adding about 50,000 net mobile lines to 724,000 total, up ~33% YoY, and said mobile and broadband convergence penetration reached ~9%. Broadband net losses were ~40,000 and video net losses ~46,000. Total revenue fell 5.8% YoY, while gross margin rose to 71% and adjusted EBITDA margin to 38.8%.