A hunt for any storage space turns urgent as oil glut grows [Yahoo! Finance News]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Yahoo! Finance News
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in CushingBy Devika Krishna Kumar and Jennifer HillerNEW YORK/HOUSTON ) - The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when shale producers stopped drilling - they want to use the tanks to store some of an oil glut that has overwhelmed the market and flipped U.S. crude prices negative for the first time.Hundreds of millions of barrels of crude have gushed into storage worldwide in the past two months as the coronavirus-related lockdowns wiped out around a third of global oil demand.With oil depots that normally store crude oil onshore filling to the brim and supertankers mostly taken, energy companies are desperate for more space. The alternative is to pay buyers to take their U.S. crude after futures plummeted to a negative $37 a barrel on Monday.A topsy-turvy market that has oil prices for October delivery at
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MGRC
News
- McGrath Announces Investor Conference Schedule for December 2025Business Wire
- McGrath RentCorp (NASDAQ:MGRC) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- McGrath RentCorp (MGRC): Net Margin Falls to 15.6%, Undercutting Bullish Long-Term Narratives [Yahoo! Finance]Yahoo! Finance
- McGrath RentCorp (MGRC) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- McGrath Announces Results for Third Quarter 2025Business Wire
MGRC
Earnings
- 10/23/25 - Miss
MGRC
Sec Filings
- 10/23/25 - Form 10-Q
- 10/23/25 - Form 8-K
- 9/8/25 - Form 8-K
- MGRC's page on the SEC website