Burford Capital

Burford Capital reported Q1 2026 EPS of -5.36 USD and revenue of -1.72 billion USD, with both metrics well below expectations. The shortfall was due to a significant non‑cash write‑down on the YPF asset. Liquidity remains robust at 740 million USD, but leverage stands at 3.5x. The stock fell about 7.75% in premarket trading and later partially recovered. » More on de.investing.com

Burford Capital said a U.S. Appeals Court decision on YPF could force fair-value marks that trigger net-worth requirements and limit future debt issuance, potentially altering growth plans. Wedbush downgraded the stock to Neutral and cut its target to $4.75 after the statement, while Deutsche Bank trimmed its target to $15 but kept a Buy rating, citing significant upside. Analysts flag heightened legal and financial risks, yet some view the shares as materially oversold given current levels. Burford provides legal finance and litigation funding services globally. » More on finance.yahoo.com

A U.S. appeals court has overturned a $16.1 billion judgment against Argentina related to the nationalization of YPF. Burford Capital, the financer of the lawsuit, would have been awarded a large portion of the claim had the ruling been upheld; the claim, including interest, had grown to about $18 billion. After the decision, Burford Capital’s shares fell more than 36% following several trading suspensions. » More on de.investing.com