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StocksMediumUpdated×2•Originally published 22 April 2026•Updated 23 April 2026•

1 min read

Mixed Q1 Earnings Results for KREF, PKG, MTH, and WEX

Key Facts

1KKR Real Estate Finance Trust Inc. reported a loss of $56.1 million in its first quarter.

2Packaging Corp. of America reported adjusted earnings of $2.40 per share, surpassing analyst expectations.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Updated the story with specific EPS loss figures for KREF and introduced new earnings data for Patterson-UTI (PTEN).

Version 1about 1 month ago

What changed: Added Wex Inc. (WEX) to the earnings coverage and specified the quarter-end date as March 2026.

First-quarter financial results for major US firms revealed a mixed performance across diverse sectors. KKR Real Estate Finance Trust Inc. reported a loss of $0.06 per share, which was narrower than the estimated loss of $0.09. In the energy sector, Patterson-UTI (PTEN) also beat expectations by reporting a loss of $0.06 per share against a consensus estimate of a $0.1 loss. Conversely, Packaging Corp. of America delivered a positive surprise with adjusted earnings of $2.40 per share, exceeding analyst estimates. The homebuilding sector saw Meritage Homes Corp. fall short of expectations with earnings of 82 cents per share, while WEX Inc. also released its latest data. These diverse outcomes underscore the varied operational environments facing firms as investors monitor broader market sentiment.