| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $540.8M | $1.6B | $1.3B | $1.2B | $938.2M |
| Gross Profit | — | — | — | — | — |
| Operating Income | $-90.5M | $797.7M | $705.1M | $764.6M | $355.2M |
| Net Income | $-234.4M | $637.3M | $546.9M | $668.8M | $344.3M |
| Diluted EPS | $-4.28 | $10.34 | $10.03 | $13.15 | $7.03 |
| Operating Cash Flow | $73.3M | $769.3M | $865.5M | $825.2M | $491.2M |
| Free Cash Flow | $73.3M | — | — | — | $-81.4M |
Company updates and connected market context, with the dated price move attached.
Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.
The Wire scans sources on a rolling cadence — new stories land through the day.
Company updates and connected market context, with the dated price move attached.
The UAE reports Iranian missiles struck oil tankers in the Strait of Hormuz, killing one sailor — a significant escalation of regional hostilities at a critical global chokepoint. The attack raises immediate supply-disruption risk for Brent crude and freight-insurance costs, while creating a broad risk-off impulse across equity markets.
Ship traffic through the Strait of Hormuz has dropped 60% amid renewed fighting, according to tracking firm Kpler, signaling a major disruption to one of the world's most critical oil chokepoints. A sustained closure or partial blockade of Hormuz — through which roughly 20% of global oil trade passes — would drive energy prices sharply higher and ripple across tanker rates, defense stocks, and Gulf-exposed equities.
Oil surged over 2% after fresh military strikes raised fears of disruption to Strait of Hormuz shipping lanes, which carry roughly 20% of global crude supply. The spike creates a short-term volatility setup in energy equities and tanker names while putting pressure on macro-sensitive sectors exposed to higher input costs.
Iran's IRGC navy has reportedly closed the Strait of Hormuz until further notice, according to Iranian state media — a move that would choke roughly 20% of global oil supply. If confirmed and sustained, this represents a severe supply shock with immediate implications for crude, LNG tanker routes, and energy equities.