FTAI Aviation Ltd. delivered a messy earnings print, with EBITDA missing expectations and 2026 EBITDA guidance lowered by $100 million, all from leasing. EBITDA margin per MRO module is declining as FTAI prioritizes market share, raising module output but reducing per-unit profitability. 2027 EBITDA guidance is $2.3 billion, well below initial expectations, due to lower MRO margins, a conservative power ramp, and a faster leasing wind-down.
MTU Aero Engines is rated Strong Buy, with 37% upside, driven by robust commercial MRO and military engine growth. MTU's €31.6 billion backlog, expanding GTF installed base, and rising defense exposure underpin multi-year earnings and free cash flow growth. Margins are pressured by a growing GTF MRO mix, but long-term MRO margin targets and cash conversion are set to improve significantly.
BAESY is strengthening its naval MRO presence as defense spending, fleet modernization and readiness needs drive demand for sustainment services.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Lee M. Tillman CEO | BVL Exchange | - CUSIP |
| US Country | 1,681 Employees | 15 Nov 2024 Last Dividend | 19 Jun 2007 Last Split | 2 Jan 1970 IPO Date |
Marathon Oil Corporation is an independent entity dedicated to the exploration and production of energy resources, prominently focusing on crude oil and condensate, natural gas liquids, and natural gas. Operating both within the United States and on an international scale, the company has established a firm reputation for its expansive operations in the energy sector. Originally known as USX Corporation, it underwent a rebranding to Marathon Oil Corporation in December 2001, a move that reflected its focused identity in the oil industry. Since its inception in 1887, Marathon Oil has grown significantly, with its headquarters situated in Houston, Texas, a city known as a global hub for the energy industry. This long-standing entity prides itself on a legacy of energy production and continues to play a crucial role in meeting the energy needs of its diverse clientele across the globe.
Marathon Oil Corporation provides a broad range of products and services integral to the energy sector, including: