Capital ExpenditureET raised its 2024 growth capex budget to $3.1B, indicating a strong focus on growth.
EarningsET increased its 2024 EBITDA guide by ~$200m at the midpoint to reflect the close of the WTG acquisition, 2Q marketing outperformance, and underlying base business growth.
Mergers And AcquisitionsET's successful M&A strategy continues to stand out versus peers, and it's hard to rule out more consolidation despite leverage mindfulness.