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Berkshire Hathaway’s profits double as shareholders gather for the annual meeting on Saturday
Operating earnings rose 18% as Berkshire’s cash pile hit a record $397.4 billion and the company resumed $234 million in share buybacks, officials said.
- Berkshire Hathaway shareholders gathered in Omaha, Nebraska, for CEO Greg Abel's first annual meeting, where the conglomerate reported a 17% jump in operating earnings to $11.3 billion for the first quarter.
- Berkshire's cash pile swelled to a record $397.4 billion, reflecting the conglomerate's status as a net seller of stocks for the 14th consecutive quarter as Abel took the helm.
- Insurance underwriting profit climbed 28.5% to about $1.7 billion, while Berkshire repurchased $235 million of stock in the first quarter, signaling resumed investment activity.
- Berkshire shares have dropped nearly 6% in 2026, while the S&P 500 has climbed more than 5% year to date, highlighting the stock's underperformance despite strong earnings growth.
- The 95-year-old Warren Buffett observed from the audience as Abel navigated investor questions about the conglomerate's sluggish business units and the challenges of the leadership transition.
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Berkshire Hathaway's Cash Pile Hits Record High as Net Earnings Surge to $10.1 Billion - Occidental Petro
Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) said Saturday that first-quarter 2026 net earnings attributable to shareholders climbed to $10.106 billion, more than double the $4.603 billion posted a year earlier, as operating profit rose despite investment-market swings.
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Total News Sources72
Leaning Left12Leaning Right11Center23Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 26%
C 50%
R 24%
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