Executive readout · one minute
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One customer — 40% of receivables (March 31, 2026)
“Significant (i.e., 10% or greater) concentration of credit exposure exists with one counterparty, which represented an aggregate $298 million, or 40%, of our total net exposure of our wholesale segments as of March 31, 2026.”
Earnings call · FY2026 Q2
Executive readout · one minute
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Forward guidance
3 guided metrics
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Research coverage
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From the 8-K filed Aug 7, 2026.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
Ongoing Operations Adjusted EBITDA
2026
|
$6.8B – $7.6B | Non-GAAP | |
|
Ongoing Operations Adjusted FCFbG
2026
|
$3.93B – $4.73B | Non-GAAP | |
|
Ongoing Operations Adjusted EBITDA midpoint opportunity
2027
|
$7.4B – $7.8B | Non-GAAP |
How the reported period landed and where the business moved.
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SEC filing · Item 2.02
Filed Aug 7, 2026 · complete as-filed document
SEC periodic report
Filed Aug 10, 2026 · complete as-filed document