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InfraREIT Inc (HIFR.N)

HIFR.N on New York Stock Exchange

21.13USD
22 Nov 2017
Change (% chg)

$-0.05 (-0.24%)
Prev Close
$21.18
Open
$21.16
Day's High
$21.32
Day's Low
$21.11
Volume
30,229
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55,695
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$23.22
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$16.00

Latest Key Developments (Source: Significant Developments)

InfraREIT Q3 earnings per share $0.35
Thursday, 2 Nov 2017 08:30am EDT 

Nov 2 (Reuters) - InfraREIT Inc :InfraREIT reports third quarter 2017 and year-to-date results.Q3 non-GAAP earnings per share $0.36.Q3 earnings per share $0.35.Sees FY 2018 non-GAAP earnings per share $1.25 to $1.35.Sees FY 2017 non-GAAP earnings per share $1.20 to $1.24.Sees FY 2017 earnings per share $1.15 to $1.19.Sees FY 2018 earnings per share $1.32 to $1.42.Sees ‍transmission capital expenditures range of $180 million to $300 million for period of 2017 through 2019​.Lease revenue increased 4 percent to $51.6 million for three months ended September 30, compared to $49.4 million for same period in 2016​.  Full Article

InfraREIT says Oncor's parent company receives U.S. bankruptcy court approval for pending asset exchange transaction
Monday, 18 Sep 2017 08:30am EDT 

Sept 18 (Reuters) - InfraREIT Inc ::InfraREIT announces that Oncor's parent company receives U.S. bankruptcy court approval for pending asset exchange transaction.InfraREIT Inc - ‍received approval from bankruptcy court for proposed exchange transaction between co's unit and Oncor​.InfraREIT Inc - ‍sdts will exchange its retail distribution assets for a group of Oncor's transmission assets located in west and central Texas​.  Full Article

InfraREIT's regulated unit receives early termination of Hart-Scott-Rodino Act waiting period
Tuesday, 22 Aug 2017 08:30am EDT 

Aug 22 (Reuters) - InfraREIT Inc ::InfraREIT's regulated subsidiary receives early termination of Hart-Scott-Rodino Act waiting period.InfraREIT- U.S. DOJ, FTC granted early termination of Hart-Scott-Rodino Act waiting period for proposed exchange deal between co's unit,oncor electric delivery co.InfraREIT - exchange transaction, announced July 24, 2017, is expected to close in q4 of 2017.  Full Article

Infrareit reports Q2 earnings per share $0.17
Wednesday, 2 Aug 2017 08:28am EDT 

Aug 2 (Reuters) - Infrareit Inc :Infrareit reports second quarter 2017 and year-to-date results.Q2 non-gaap earnings per share $0.20.Q2 earnings per share $0.17.Infrareit inc - ‍expect to maintain company's current quarterly cash dividend of $0.25 per share, or $1.00 per share annualized, through 2017​.Infrareit inc - transmission capital expenditures range of $185 million to $315 million for period of 2017 through 2019.Infrareit inc - expect to maintain company's current quarterly cash dividend of $0.25 per share, or $1.00 per share annualized, through 2017.Infrareit inc - ‍estimates distribution footprint capital expenditure forecast for calendar year 2017 in range of $35 million to $60 million​.Infrareit inc - this quarter, company added an adjustment for transaction costs related to proposed exchange transaction with oncor.Infrareit inc qtrly total lease revenue $40.4 million versus $33.8 million.Infrareit inc - funds from operations was $23.1 million for q2 2017, compared to $20.6 million from same period in 2016.Infrareit inc - for q2 2017, ffo on an adjusted basis was $25.4 million, compared to $22.4 million for same period in 2016.  Full Article

Sharyland Utilities announces transaction with oncor and agreement on rate case dismissal
Monday, 24 Jul 2017 08:37am EDT 

July 24 (Reuters) - Infrareit Inc ::Sharyland Utilities announces transaction with Oncor and agreement on rate case dismissal; deal would exchange Sharyland distribution business for Oncor transmission lines and significantly reduce rates for Sharyland customers.Sharyland Utilities says ‍sharyland's about 54,000 retail distribution customers will become Oncor customers ​.  Full Article

Infrareit announces agreements for simultaneous rate case dismissal and the exchange of retail distribution assets for transmission assets from Oncor
Monday, 24 Jul 2017 08:30am EDT 

July 24 (Reuters) - Infrareit Inc :Infrareit announces agreements for simultaneous rate case dismissal and the exchange of retail distribution assets for transmission assets from Oncor.Infrareit Inc - ‍upon transaction close, SDTS and Sharyland's rate case will be dismissed​.infrareit - ‍upon deal close, transmission capital expenditures for co expected to be in range of $185 million to $315 million for period of 2017 through 2019​.Infrareit Inc - Sharyland and SDTS will be required to file a new rate case in calendar year 2020 with a test year ending December 31, 2019.infrareit - ‍SDTS signed agreement with Oncor electric delivery to exchange SDTS's retail distribution assets for group of some Oncor's transmission assets.Infrareit Inc says expects to maintain company's current quarterly cash dividend of $0.25 per share, or $1.00 per share annualized through 2017.Infrareit - Sharyland has agreed to provide reduction in delivery rates for residential customers until closing of transaction or final rate case resolution.Infrareit Inc - interim rate reduction is expected to decrease Sharyland's distribution revenue requirement by approximately $3 million.infrareit - ‍SDTS to exchange about $400 million of distribution assets for about $380 million of some transmission assets & about $20 million in cash from Oncor​.Infrareit - upon closing, SDTS will continue to own, lease certain substations related to distribution assets.  Full Article

Infrareit Inc, unit entered into a term loan credit agreement
Tuesday, 6 Jun 2017 04:22pm EDT 

June 6 (Reuters) - Infrareit Inc : :Infrareit Inc - ‍on June 5, unit entered into a term loan credit agreement .Infrareit Inc - ‍subject to conditions in agreement, lenders committed to provide loan credit facility in an aggregate principal amount of $200.0 million​.Infrareit Inc - ‍intends to use proceeds from term loan facility to repay borrowings outstanding under unit's existing revolving credit facility​.Infrareit Inc - ‍term loan facility matures on June 5, 2020​.  Full Article

Infrareit reaffirms capex guidance for period 2017 through 2019
Thursday, 4 May 2017 08:30am EDT 

May 4 (Reuters) - Infrareit Inc :Infrareit reports first quarter 2017 results.Q1 non-gaap earnings per share $0.30.Q1 earnings per share $0.18.Infrareit Inc - expect to maintain company's current quarterly cash dividend of $0.25 per share, or $1.00 per share annualized.Infrareit Inc- reaffirming guidance capital expenditure range of $275 million to $500 million for period of 2017 through 2019.Infrareit Inc- lease revenue increased 18 percent to $39.6 million for three months ended march 31, 2017, compared to same period in 2016.  Full Article

Infrareit Q4 earnings per share $0.46
Tuesday, 28 Feb 2017 09:05am EST 

Infrareit Inc : Infrareit reports fourth quarter and full year 2016 results . Q4 earnings per share $0.46 . Q4 non-GAAP earnings per share $0.28 . Sees capital expenditure range of $275 million to $500 million for period of 2017 through 2019 . Says expect to maintain company's current quarterly cash dividend of $0.25 per share .Qtrly total lease revenue $55.2 million versus. $50.9 million.  Full Article

InfraREIT Q2 earnings per share $0.15
Wednesday, 3 Aug 2016 08:33am EDT 

InfraREIT Inc : Q2 non-GAAP earnings per share $0.30 . Sees fy 2016 non-GAAP earnings per share $1.15 to $1.25 . Sees capital expenditure range of $590 million to $740 million for period of 2016 through 2018 . Fy2016 earnings per share view $1.20 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.15 .Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-InfraREIT Q3 earnings per share $0.35

* InfraREIT reports third quarter 2017 and year-to-date results