Excelerate Energy (EE), a prominent player in the energy industry, has announced its upcoming dividend payment scheduled for June 08, 2023. Shareholders of EE can expect to receive a dividend of $0.03 per share on this date.
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Enbridge Inc. (ENB) is set to report its first-quarter earnings on May 05, and the outlook is positive. The energy infrastructure company is expected to post earnings per share of 84 cents, representing a 34% increase compared to the same quarter last year.
Kinder Morgan Inc. posted third-quarter 2022 adjusted earnings of 25 cents, missing the Zacks Consensus Estimate of 29 cents per share. (as reported in Zacks Equity Research). Revenues of $5,177 million exceeded the Zacks Consensus Estimate of $4,522 million,and was also higher than $3,824 million posted in the prior-year quarter. While jet fuel volumes transported climbed +11% from the...
The Plantation Pipeline moves refined petroleum products from Baton Rouge, LA to the Virginia coast, and is operated by Kinder Morgan (KMI), the largest transporter of petroleum products and C02 in North America.
The Roanoke Expansion Project will provide an additional capacity of 21,000 barrels a day, which has just become available for binding open season bidding.Baton Rogue is one of the busiest refinery locations in America, processing oil from the numerous rigs off the coast of Louisiana.
Shell Midstream Partners (SHLX) also recently held a binding open season on its Zydeco Pipeline from Houston, TX, confirming that midstream petroleum companies are on the move.
On Friday, it withdrew its first-quarter and full-year earnings guidance.
In January, Dan Ninivaggi, who used to run Icahn Automotive Group and also is a shareholder in Tenneco through his Protean Services firm, demanded that half of Tenneco’s board be replaced.He also suggested that Tenneco should raise cash - to make good on its debt - by selling its aftermarket-parts unit or by selling the entire company. The next day, Tenneco dropped co-CEO Roger Wood.
Oil and gas exploration company Targa Resources (NYSE: TRGP) has been trending lower for almost a year now, falling from a high of $54.40 to a recent low of $32.00.As a result of these numbers, the Tickeron SMR rating for Targa Resources is 97, indicating weak sales and an unprofitable business model.
The 1,200-mile (1,900-kilometer) pipeline could potentially carry 830,000 barrels of crude a day from Alberta’s oil sands to U.S. Gulf Coast refiners.
In a court filing on Monday, the pipeline company said that pre-construction activities, like setting up pipe yards and work camps, will resume by February, following which full work can start by June and get completed in late 2020 (as reported by Bloomberg).According to TransCanada’s letter filed in U.S. District Court in Montana, a yearlong delay would cost the company $949 million in lost profits and push back the hiring of about 6,600 workers.
Houston-based Cheniere Energy announced on Wednesday that they have signed a 20-year liquefied natural gas supply deal with a subsidiary of Petronas, Malaysia's state-owned oil and natural gas company.
According to the terms of the deal, Cheniere's Sabine Pass (export) LNG facility in Louisiana will supply 1.1 million tonnes of LNG per year on a free on-board basis for a 20-year term following the date of first commercial delivery for the sixth natural gas liquefaction train.
Although the financial terms of the deal were not disclosed by any of the companies, Cheniere confirmed that the purchase price of the LNG would be indexed at the monthly Henry Hub price, plus a fee.They also confirmed that according to the terms of the deal, the point of sale is at the loading point and Petronas would be responsible for arranging the shipping.
Cheniere Energy’s CEO Jack Fusco, in a statement said that Petronas will be a foundation customer for the company’s sixth production unit planned at i
For example, debt to EBITDA has historically been toward the low end of its peer group.Enterprise's leverage isn't a big risk.
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A diversified midstream energy infrastructure and logistics company, MPLX, has been growing leaps and bounds in the last few quarters.But only few have noticed.
Despite having excellent and fast improving fundamentals, along with a high yield, the company hasn’t been able fully engage investor interest.
As new weather forecasts by Jacob Meisel, chief weather analyst at Bespoke Weather Services, hinted that the cold snap would linger a little longer than expected, natural gas prices rallied to their highest finish since December 2016 - with front-month Nymex futures closing +5.1% to $3.71/MBtu.
Another tailwind to prices was a report that natural gas storage in U.S. is at its lowest level to start the winter heating season in nearly 15 years, and also 16% below the five-year average.
With the potential for natural gas shortage at the end of the season, most companies like EQM Midstream Partners (EQM, $47.22), Range Resources (RRC, $17.70), Chesapeake Energy (CHK, 3.63) and Cabot Oil & Gas (COG, $25.61) were some of the top gainers in Friday's trading session, with gains ranging between 2% to 5%.
The Fortune 500 natural gas and propane company, Energy Transfer Partners, on Wednesday announced their Q3 2018 earnings report where it reported a Q3 GAAP EPS of $0.32.missing analysts estimates by $0.10.
But the adjusted EBITDA of ET totaled a record $2.58 billion, while revenues jumped 45% on a y-o-y basis to $14.5 billion for the quarter, beating the estimate by $1.37 billion.
Liquefied natural gas shipper Golar LNG Limited reported improved revenue, EBITDA and net income for the quarter on the back of a resurgent shipping market.
The company reported that its fleet utilization in Q3 increased to 86% from 62% in Q1, resulting in its daily time charter equivalent earnings rising from $19,600 in Q1 to $41,200 in Q3.
Total operating revenues for the quarter net of expenses increased from $42.9 million in Q2 to $98.4 million in Q3.In addition to the approximately $51 million of tolling fee revenue, it also earned $11.3 million of Brent-linked revenue.
The latest move in the ongoing trade war between U.S. and China saw the Trump administration announce that the U.S. would be withdrawing from the Universal Postal Union, a 144-year-old-treaty among 192 nations that helps set international postage rates.
The trading community considered this move as a bullish decision for international shipping rates.Shipping stocks soared high on Monday and also helped garner a heavy dose of investor’s interest in overseas shipping stocks.
Top Ships Inc. (TOPS, $1.97) was the most notable runner amongst all the shipping stocks, as it recorded a +56% gain.