In today’s briefing:
- (Mostly) Asia-Pac M&A: Santos, Abacus Storage, Gold Road, PointsBet, Smart Share, Apiam, Lynch
- Corteva Targets Brazil With New Launches—Can It Win the Battle in Toughest Markets?
- Energy Transfer Diversifies Into Tech Energy—Will This New Pivot Reshape Its Future Growth?
- Quiddity Leaderboard ASX Sep25: Methodology Change Confirmed; Good Performance; Final Expectations
- Nutrien Ltd: Is The Growth in Potash Demand Here To Stay?
- Occidental Petroleum Corporation: An Enhanced Oil Recovery & CO2 Utilization to Improve Operational Profitability In A Carbon-Conscious Market!
(Mostly) Asia-Pac M&A: Santos, Abacus Storage, Gold Road, PointsBet, Smart Share, Apiam, Lynch
- I tally 43 – mostly firm, mostly Asia-Pac – arb transactions currently being discussed and analysed on Smartkarma.
- Two new deal was discussed on Smartkarma this week: Apiam Animal Health (AHX AU) and Lynch Group Holdings (LGL AU).
- Key updates/news took place on Santos Ltd (STO AU), Abacus Storage King (ASK AU), Gold Road Resources (GOR AU), PointsBet Holdings (PBH AU), and Smart Share Global (EM US).
Corteva Targets Brazil With New Launches—Can It Win the Battle in Toughest Markets?
- Corteva Agriscience showed solid performance during the second quarter and first half of 2025.
- The company realized double-digit top and bottom line growth, improving its operating EBITDA margin by more than 200 basis points.
- These figures were bolstered by net improvements in pricing, volume, and cost efficiencies compared to the prior period.
Energy Transfer Diversifies Into Tech Energy—Will This New Pivot Reshape Its Future Growth?
- Energy Transfer’s performance in the second quarter of 2025 highlighted a balanced mixture of both positive momentum and areas of concern.
- The company reported adjusted EBITDA of $3.9 billion, a slight increase from $3.8 billion in the same period in 2024.
- The growth was fueled by record volumes across several areas, including midstream gathering, crude transportation, NGL transportation, and export volumes, as well as robust usage of NGL fractionators and natural gas pipelines.
Quiddity Leaderboard ASX Sep25: Methodology Change Confirmed; Good Performance; Final Expectations
- A new selection methodology will be used for the ASX index family starting from the September 2025 index review. We first wrote about this a couple of months ago (link).
- In this insight, we present our final expectations for ASX 300, 200, 100, 50, and 20 for the September 2025 index rebal event.
- We expect one change for ASX 50, three changes for ASX 100, and six changes for ASX 200. Separately, we see 14 ADDs and 11 DELs for ASX 300.
Nutrien Ltd: Is The Growth in Potash Demand Here To Stay?
- Nutrien’s second-quarter 2025 financial results reflect a strong operational performance and progress toward its strategic goals, with a notable increase in fertilizer sales volumes and improved cost management.
- The company’s adjusted EBITDA rose by 11% to $2.5 billion from the previous year, while cash flow from operations surged by 40%.
- This was driven by advancements in potash and nitrogen operations and strategic initiatives across its portfolio.
Occidental Petroleum Corporation: An Enhanced Oil Recovery & CO2 Utilization to Improve Operational Profitability In A Carbon-Conscious Market!
- Occidental Petroleum Corporation (Occidental) has demonstrated mixed financial and operational results in the second quarter of 2025.
- The company reported a commendable operating cash flow of $2.6 billion despite facing headwinds from lower oil prices, with West Texas Intermediate (WTI) averaging $11 per barrel less in the first half of 2025 compared to the previous year.
- This resilience allowed Occidental to not only generate more cash flow in the first half of 2025 than in the same period of 2024 but also to make substantial progress in debt reduction efforts.
💡 Before it’s here, it’s on Smartkarma
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