Adams Natural Resources Fund reports Q3 results (NYSE:PEO)

Xperi reported Q3 earnings, noting 11 OEM design wins for TiVo OS and mixed results across business segments. Connected car revenue fell 14% to $30M, while pay TV revenue rose 7% to $53M. The company raised its 2026 revenue outlook to $450M-$462M and adjusted EBITDA margin to 19%-21%. Xperi ended Q3 with $87M in cash and is evaluating stock repurchases. CFO Andersen announced retirement plans.

DIRTT Environmental Solutions (DRT) reported Q3 earnings, noting a decline in healthcare revenue due to project timing. Its 12-month pipeline was $290.3M, down 13% from prior periods. The company maintained its 2026 revenue and EBITDA forecasts. DIRTT also discussed tariff updates, litigation, and growth in construction services. Revenue for the first nine months rose 8% to $127.5M, with adjusted EBITDA at $12.7M.

Sun Life Financial (SLF) reported 10% growth in Q3 underlying EPS and raised its dividend, despite market-related losses and acquisition costs. Underlying net income rose 9% to CAD 1.146B, while reported net income fell to CAD 785M. The company cited higher interest rates and acquisition costs for the gap between underlying and reported results. SLF's CFO and president discussed segment performance, including U.S. stop-loss growth, disability claims pressure, and asset management outflows.

Tronox (TROX) reported Q3 earnings, projecting Q4 free cash flow of $20M-$45M, leading to a full-year cash outflow of $25M-$50M. The company reduced its 2026 capital spending plan by $30M. TiO2 and zircon revenues declined sequentially, but pricing gains and trade measures supported margins. Tronox expects cost savings of over $175M by 2026. The company has $3.2B in debt and $509M in liquidity. It also announced a $32M joint investment with JX Advanced Metals for rare earth studies.

Targa Resources (TRGP) reported Q3 record NGL transportation and fractionation volumes. The company announced plans for new fractionation trains and export expansions, with capital spending expected to remain high until 2028. Targa declared a 25% higher dividend and repurchased $187M of stock. Management expects increased free cash flow in 2028 as projects come online.

Power Solutions International (PSIX) reported Q3 2026 earnings, with CEO Richard Hu highlighting strong data center demand and a shift toward natural gas gensets. CFO Ken Lee noted gross margin expansion to 29.7% due to operational improvements and a tariff refund, but expects a decline in Q4. The company reduced debt and secured a new $220M revolving credit facility. PSIX's Power Boost 2030 strategy aims to diversify into data center power and AI markets.