EchoStar Corporation - Common stock (ECHO)

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An important subsidiary of the company emerged from Chapter 11 bankruptcy.

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Echostar (NASDAQ:ECHO) said its Hughes business filed for Chapter 11 bankruptcy protection after the unit’s $1.5 billion bond maturity came due on Aug. 1 and discussions with bondholders did not produce what the company called a workable solution. Chairman Charlie Ergen said the bankruptcy filing i

ENGLEWOOD, Colo., Aug. 03, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation (NASDAQ: ECHO) reported second quarter 2026 total revenue of $3.58 billion, compared to $3.72 billion in 2025. Net income attributable to EchoStar in the second quarter of 2026 totaled $8.46 billion, compared to a net loss of $306.13 million in the year-ago quarter. The net income in 2026 was primarily attributable to a non-cash gain on deconsolidation totaling approximately $9.73 billion. Excluding the tax affected impact of the non-cash adjustment for 2026, the net income attributable to EchoStar would have been approximately $49.46 million. Diluted earnings per share was $24.12 in the second quarter of 2026, compared to a loss of $1.06 in 2025.

ENGLEWOOD, Colo., July 29, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation (Nasdaq: ECHO) will host a conference call to discuss its second quarter financial results on Monday, August 3, 2026, at 12 p.m. Eastern Time (ET). The conference call will be broadcast live in listen-only mode on EchoStar's Investor Relations website.

The telecom already has a plan for every dollar of its massive free cash flow stream -- and investors should love it.

Companies that burn cash at a rapid pace can run into serious trouble if they fail to secure funding. Without a clear path to profitability, these businesses...