Krispy Kreme: Impressive Q1 FCF, Still An EPS Show-Me Story
Krispy Kreme remains a hold as turnaround progress is evident, but valuation uncertainty persists. Q1 marked the first positive free cash flow since IPO, with adjusted EBITDA up 38% YoY and 260 bps margin expansion. FY 2026 guidance targets $1.25–$1.35B net revenue, $140–$150M adjusted EBITDA, and over $15M free cash flow.
Get Comprehensive Value With This Cash Flow ETF Combo
Growth continues to be a standout performer, though elevated interest rates and geopolitical friction continue to add a dose of uncertainty. With that, value exposure is still a vital component for constructing a balanced portfolio.
Surge Energy: Should Surge More In High Oil Price Environment
At US$80–100 WTI, Surge is thriving. 16.9% FCF yield at strip, C$346M cash flow, and a 26% guidance raise to C$335M AFF, with C$5M/month buybacks underway. June 1 update strengthens the investment case. Management raised 2026 exit production guidance up to 24,000 boe/d, increased capital spending to C$175M, and now targets C$335M of AFF at US$80. At strip pricing, Surge offers a 16.9% FCF yield and around C$92M of shareholder returns through dividends and buybacks. My PV10 is C$19.5 per share, implying 95% upside from today's price.
Elastic: RPO Acceleration And Rich FCF
Elastic remains a deep value opportunity despite a recent 30% rally and strong post-earnings performance. ESTC's complex infrastructure software and consumption-based model insulate it from AI-driven risks impacting simpler, seat-based SaaS peers. Recent fiscal Q4 results exceeded expectations, with bullish forward guidance and growing backlog from AI-native customers.
Golconda Gold: Hopefully Just A Year Out From Summit Recommencement
Golconda Gold offers a compelling annualised FCF yield of 13%, poised to as much as double in the near term as the Summit mine restarts and ramps up. Summit mine is expected to be online in H1 2027, adding 50% capacity and serving as a key near-term catalyst for FCF generation. It is in the operational permitting phase. Gold price risks persist associated with reinflation, but debasement trade logics are still in play to support bullion, mitigating downside concerns despite higher implicit bullion costs.
BILL Holdings: Very Low Valuation With AI Fears Overdone
BILL Holdings is a category-leading SMB financial operations SaaS platform, trading at 1.9x FY2028e core revenue and 8.1x adjusted FCF multiple. Despite a 16% stock decline since May 2025, BILL continues to outperform guidance, expand margins, and accelerate AI-native transformation. A $1B share repurchase (25%+ of market cap) and raised FY26 operating income guidance underscore management's confidence in long-term growth and FCF generation.
Antero Resources: Current Projection Is For Over $1.7 Billion In 2026 FCF (Rating Upgrade)
Antero Resources is projected to generate $1.714 billion in 2026 free cash flow at current strip. Although natural gas strip prices are middling for 2026 after Q1, this is largely made up for by hedges and C3+ NGL prices. The Middle East conflict has much more direct impact on AR's realized prices for liquids than for natural gas.
AT&T: 10+% Growing FCF Yield In An Expensive Market
AT&T offers a compelling investment case with strong fiber growth, robust FCF, and an attractive 4.5% dividend yield. The joint venture with T-Mobile and Verizon leverages direct-to-device satellite tech, mitigating competitive threats from satellite-based internet providers. T's fiber network, now valued at ~$54 billion, underpins sticky customer relationships and supports long-term margin expansion.
Why First Commonwealth Financial (FCF) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Commonwealth Financial (FCF) have what it takes?
ETF Prime Podcast: Why Free Cash Flow Is Where Quality Begins
“Quality” has become a pervasive buzzword in the ETF landscape, but separating marketing jargon from meaningful financial health is harder than it sounds.
Canadian Natural Resources: Earnings Revealed Massive Rewards Via Buybacks
Canadian Natural Resources is positioned for significant shareholder rewards as elevated oil prices drive robust free cash flow. Despite a quieter Q1 with EPS dropping to $0.65 and FCF down nearly $1 billion, production increased 5% year over year. Management targets 100% FCF return to shareholders once net debt falls below $13 billion, supported by accelerated share buybacks in Q2.
LATAM Airlines Q1 Results: I Was Skeptical, But This ~15% FCF Yield Is Too Good To Pass Up (Upgrade)
LATAM Airlines (LTM) receives an upgraded rating post-Q1, driven by strong execution and attractive valuation despite sector headwinds. LTM delivered a robust Q1 with 21% YoY revenue growth, 40%+ adj. operating income growth, and resilient margins despite fuel price volatility. Premium revenue surged 28% YoY, and LTM generated nearly $500M in free cash flow after CapEx and interest, maintaining healthy liquidity and leverage.
