Brian Nelson

Phillips 66 Raises Dividend

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Image Source: TradingView By Brian Nelson, CFA Phillips 66 (PSX) recently reported fourth quarter results that came in better than expected on the bottom line. Adjusted earnings were $1.0 billion or $2.47 per share in the quarter, while the company achieved record NGL transportation and fractional volumes of over 1 MMBD each. Phillips 66 delivered record clean product yield of 88% in the quarter and operated at 99% crude capacity utilization in Refining. Phillips 66 generated $2.8 billion in net operating cash flow ($2.0 billion excluding working capital), and reduced debt by $2.0 billion during the quarter, ending the year at $19.7 billion. Management had the following to say about the results: 2025 was a transformative year for Phillips 66. … Read more

Enterprise Products Partners Posts Record Fourth Quarter

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Image Source: TradingView By Brian Nelson, CFA Enterprise Products Partners (EPD) recently reported fourth quarter results that came in better than expected on both the top and bottom lines. In the fourth quarter, Enterprise reported net income attributable to common unitholders of $1.6 billion, similar to levels in the same period a year ago. On a fully diluted basis, net income was $0.75 per common unit for the fourth quarter of 2025, compared to $0.74 per common unit in last year’s period. Operational DCF was $2.2 billion for the fourth quarters of 2025 and 2024, the most recent measure providing 1.8 times coverage of the distribution. Enterprise retained $1.0 billion of DCF and repurchased $50 million of its common units … Read more

Dick’s Sporting Goods Raises Dividend

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Image Source: TradingView By Brian Nelson, CFA Dick’s Sporting Goods (DKS) recently reported fourth quarter results that beat expectations on both the top and bottom lines. During the quarter, net sales increased 59.9% as it folded in its Foot Locker business, while consolidated non-GAAP earnings per diluted share came in at $3.45, down 5% from the year-ago period. Comparable sales for its Dick’s business was 3.1% in the quarter, while its operating margin advanced 88 basis points. Net income from its Dick’s business increased 10% in the quarter, while non-GAAP diluted earnings per share increased 12%. Management had the following to say about the results: 2025 was another strong year for the DICK’S Business, with growth in comps and EPS … Read more

Valuentum’s Best Ideas Newsletter Portfolio

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*Portfolio information as of published date in top, left corner of table above. The Best Ideas Newsletter portfolio is not a real money portfolio. Past results are not a guarantee of future performance, and actual results may differ from simulated information provided. There is substantial risk associated with investing in financial instruments. By The Valuentum Team The Best Ideas Newsletter portfolio seeks to find stocks that have both good value and good momentum characteristics and typically targets capital appreciation potential over a longer-term horizon. The newsletter puts the Valuentum Buying Index methodology into practice. To access Valuentum’s in-depth articles and analysis on holdings in the portfolio of its Best Ideas Newsletter (as well as their 16-page reports and dividend reports, where … Read more

Vertex’s Pipeline Continues to Advance

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Image Source: TradingView By Brian Nelson, CFA Vertex Pharmaceuticals (VRTX) recently reported mixed fourth quarter 2025 results with revenue exceeding the consensus forecast, but non-GAAP earnings per share of $5.03 coming in a bit light relative to consensus. Total revenue increased 10% in the quarter, to $3.19 billion compared to the fourth quarter of 2024 thanks to “continued performance of cystic fibrosis (CF) therapies and additional growth from diversification into additional disease areas.” In the U.S., total revenue increased 12%, while total revenue increased 5% outside the U.S. GAAP and non-GAAP net income were $1.2 billion and $1.3 billion, respectively, compared to $913 million and $1.0 billion, respectively, for the fourth quarter of 2024. Management had the following to say … Read more

Oracle Posts Best Quarterly Results in 15 Years

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Image Source: TradingView By Brian Nelson, CFA On March 10, Oracle (ORCL) reported better than expected third quarter fiscal 2026 results with revenue and non-GAAP earnings per share exceeding the consensus estimates. Third quarter total revenue of $17.2 billion was up 22% in USD and up 18% in constant currency and better than consensus of $16.9 billion in revenue. Non-GAAP earnings per share increased 21%, to $1.79, in the quarter, better than consensus of $1.70. “This third quarter was the first quarter in over 15 years where organic total revenue and non-GAAP earnings per share both grew at 20% or more in USD.” Third quarter cloud revenue (IaaS plus SaaS) was $8.9 billion, up 44% in USD and up 41% … Read more

Nvidia Posts Blockbuster Fiscal 2026 Results

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Image Source: TradingView By Brian Nelson, CFA Nvidia (NVDA) recently announced fourth quarter fiscal 2026 results with revenue and non-GAAP earnings per share exceeding the respective consensus forecasts. The company posted record revenue for the fourth quarter of $68.1 billion, up 20% sequentially and up 73% from the year-ago period. Data Center revenue in the quarter was $62.3 billion, up 22% sequentially and up 75% from the same period a year ago. For the quarter, GAAP and non-GAAP gross margins were 75.0% and 75.2%, respectively, while GAAP and non-GAAP earnings per share were $1.76 and $1.62, respectively. Management had the following to say about the results: Computing demand is growing exponentially — the agentic AI inflection point has arrived. Grace … Read more

Valuentum’s Dividend Growth Newsletter Portfolio

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*Portfolio Information as of published date in top, left corner of table. The Dividend Growth Newsletter portfolio is not a real money portfolio. Past results are not a guarantee of future performance, and actual results may differ from simulated information provided. There is substantial risk associated with investing in financial instruments. The Dividend Growth Newsletter portfolio puts into practice our rigorous valuation and dividend growth frameworks. To access our commentary, articles and analysis on holdings in the portfolio of our Dividend Growth Newsletter (as well as each company’s 16-page equity report and dividend report), please use our ‘Symbol’ search box in our website header. The Dividend Growth Newsletter portfolio can always be found in each edition of the monthly Dividend Growth Newsletter. Learn more about your membership >> More … Read more

Public Storage Boasts Investment Grade Marks

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Image Source: TradingView By Brian Nelson, CFA Public Storage (PSA) recently reported better than expected fourth quarter results with revenue and funds from operations (FFO) exceeding the consensus forecast. Net income fell compared to the same period a year ago, but core FFO increased to $4.26 versus $4.21 in the year-ago period. Among the highlights in the quarter, the company achieved positive same store revenue growth in 56% of its markets, increasing from 49% during the fourth quarter of 2024. It achieved a 78.4% same store net operating income margin, while it acquired 13 self-storage facilities with 0.9 million net rentable square feet for $131 million. Public Storage delivered new developments and completed expansion projects, adding 1.0 million net rentable … Read more

Home Depot Navigating Housing Pressures

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Image Source: TradingView By Brian Nelson, CFA Home Depot (HD) recently reported better than expected fourth quarter results with both the top and bottom lines exceeding the consensus forecast. Sales for the fourth quarter fell 3.8% from the fourth quarter of last year due to one less week of selling compared to last year, while comparable sales increased 0.4% and comparable sales in the U.S. increased 0.3%. Comparable customer transactions fell 1.6%, while comparable average ticket increased 2.4%. Net earnings for the fourth quarter came in at $2.6 billion, compared with net earnings of $3.0 billion, again impacted by the one less selling week in the fourth quarter of 2025. Adjusted diluted earnings per share were $2.72 in the fourth … Read more