Intercontinental Exchange, Inc. (ICE):  Strong Global Commodity and Financial Risk Management Businesses! 

Intercontinental Exchange (ICE) reported records in Q1 2024 with net revenue of $2.3 billion; a 5% increase compared to the prior year. There were also some highlights, such as $1.4 billion of record adjusted operating income representing an 8% year-over-year growth. ICE also saw record first[1]quarter net revenues totaling a record $1.2 billion which is up 11% year-over-year. The energy segment showcased strong performance, with a 12% rise in its interest rate business. Furthermore, ICE’s free cash flow totaled $877 million, allowing a reduction of debt by nearly $600 million in the initial quarter, considering the performance of Black Knight’s acquisition which has contributed to ICE reducing debt by roughly $2 billion.