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Macquarie Infrastructure Corp (MIC.N)

MIC.N on New York Stock Exchange

37.41USD
22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

MIC Reports Qtrly Earnings Per Share $4.13
Wednesday, 21 Feb 2018 05:15pm EST 

Feb 21 (Reuters) - Macquarie Infrastructure Corp ::MIC REPORTS 2017 FINANCIAL RESULTS, INCREASE IN QUARTERLY DIVIDEND.MACQUARIE INFRASTRUCTURE CORP - Q4 2017 CASH DIVIDEND OF $1.44 PER SHARE AUTHORIZED.MACQUARIE INFRASTRUCTURE CORP - GUIDANCE FOR 2018 DIVIDEND OF $1.00 PER SHARE, PER QUARTER, INITIATED.MACQUARIE INFRASTRUCTURE CORP - QTRLY EARNINGS PER SHARE $4.13.MACQUARIE INFRASTRUCTURE CORP QTRLY ‍TOTAL REVENUE $471.2 MILLION VERSUS $437.2 MILLION​.MACQUARIE INFRASTRUCTURE - ‍EXPECTS FREE CASH FLOW PRODUCED IN 2018 TO DECLINE BY BETWEEN 8% AND 10% VERSUS 2017 INCLUDING IMPACT OF SHARE ISSUANCE​.MACQUARIE INFRASTRUCTURE CORP - ‍ANTICIPATES DEPLOYING ABOUT $350.0 MILLION OF GROWTH CAPITAL PER YEAR IN EACH OF NEXT SEVERAL YEARS​.MACQUARIE INFRASTRUCTURE- EXPECTS FUNDING PLANNED 2018 DEPLOYMENTS USING INTERNALLY GENERATED RESOURCES, POTENTIAL PROCEEDS FROM NON-CORE ASSETS SALES​.MACQUARIE INFRASTRUCTURE - ‍ FORECASTING GENERATION OF CONSOLIDATED EBITDA EXCLUDING NON-CASH ITEMS IN A RANGE OF $690.0 MILLION AND $720.0 MILLION IN 2018​.  Full Article

Macquarie Infrastructure Announces Refinancing, Upsizing Of Revolving Credit Facility
Thursday, 4 Jan 2018 07:18pm EST 

Jan 4 (Reuters) - Macquarie Infrastructure Corp ::MIC ANNOUNCES REFINANCING, UPSIZING OF REVOLVING CREDIT FACILITY.‍NEW FACILITY INCLUDES AN UNCOMMITTED ACCORDION OPTION TO INCREASE DRAWINGS TO $800 MILLION​.‍UPSIZING OF ITS HOLDING COMPANY LEVEL SENIOR SECURED REVOLVING CREDIT FACILITY TO $600 MILLION​.‍REFINANCING EXTENDED OF MATURITY OF CREDIT FACILITY BY APPROXIMATELY TWO AND HALF YEARS TO JANUARY 3, 2022​.  Full Article

MIC Q3 earnings per share $0.48
Wednesday, 1 Nov 2017 05:00pm EDT 

Nov 1 (Reuters) - Macquarie Infrastructure Corp : :MIC reports third quarter 2017 financial results, increases quarterly cash dividend.Macquarie Infrastructure Corp - ‍MIC expects to realize annual general and administrative cost savings of between $12.0 million and $15.0 million in 2018​.Macquarie Infrastructure - ‍on Oct 30, 2017, MIC board appointed Christopher Frost as chief executive officer of company, effective January 1, 2018​.Macquarie Infrastructure Corp - ‍Frost was appointed president and chief operating officer of company effective October 26, 2017​.Macquarie Infrastructure Corp qtrly net income per share attributable to MIC $0.48.  Full Article

Macquarie Infrastructure says conversion ratio on convertible senior notes due 2023 increased to 8.9713 shares​
Thursday, 12 Oct 2017 05:37pm EDT 

Oct 12 (Reuters) - Macquarie Infrastructure Corp :MIC announces conversion ratio adjustment to convertible senior notes due 2023.Macquarie Infrastructure Corp - conversion ratio on convertible senior notes due 2023 increased to 8.9713 shares​.Macquarie Infrastructure Corp - ‍announced an adjustment to conversion ratio applicable to its 2.00% convertible senior notes due 2023​.Macquarie Infrastructure Corp - ‍increase in conversion ratio reflects impact of dividends paid on common shares​.  Full Article

Macquarie Infrastructure says Christopher Frost appointed CEO
Monday, 11 Sep 2017 05:15pm EDT 

Sept 12 (Reuters) - Macquarie Infrastructure Corp :Says Christopher Frost appointed CEO, COO and president.Macquarie Infrastructure Corp - ‍James Hooke to join board of directors, step down as CEO in 2018​.Macquarie Infrastructure Corp - ‍company anticipates appointing Christopher Frost to position of CEO following Hooke's resignation .​.  Full Article

Atlantic Aviation enters into agreement to acquire Orion Jet Center
Monday, 14 Aug 2017 05:15pm EDT 

Aug 14 (Reuters) - Macquarie Infrastructure Corp -:Atlantic Aviation enters into agreement to acquire Orion Jet Center.Macquarie Infrastructure Corp - ‍terms of transaction were not disclosed.​.Macquarie Infrastructure Corp - ‍closing of transaction is expected in Q3 of 2017​.Macquarie Infrastructure-co's ‍atlantic aviation unit entered agreement to purchase assets of Orion Jet Center at Miami-opa locka executive airport​.  Full Article

Macquarie Infrastructure qtrly total revenue $438.99 mln vs $397.58 mln
Wednesday, 2 Aug 2017 05:00pm EDT 

Aug 2 (Reuters) - Macquarie Infrastructure Corp ::Mic reports second quarter 2017 financial results, announces acquisition and investment, increases quarterly cash dividend.Macquarie Infrastructure Corp - ‍increases quarterly cash dividend- authorizes cash dividend of $1.38 per share, up 10.4​.Macquarie Infrastructure Corp - ‍raises 2017 growth capex deployment target to between $600.0 million and $650.0 million​.Macquarie Infrastructure - ‍expects to realize annual general and administrative and procurement cost savings of between $12.0 million and $15.0 million in 2018​.Macquarie Infrastructure - continue to expect to increase cash generation in 2017 by between 10 pct and 15 pct, per share, to grow our cash dividend by 10 pct.Macquarie Infrastructure Corp - qtrly total revenue $438.99 million versus $397.58 million.Macquarie Infrastructure - ‍expects to invest up to $135.0 million to be used to fund intersect power's operations, project development pipeline​.Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S.Macquarie Infrastructure Corp - qtrly diluted income per share attributable to mic $0.32.  Full Article

IMTT enters into agreement to acquire Epic Midstream
Wednesday, 2 Aug 2017 05:00pm EDT 

Aug 2 (Reuters) - Macquarie Infrastructure Corp ::IMTT enters into agreement to acquire Epic Midstream.Macquarie Infrastructure Corp - ‍acquisition of 3.1 million barrels of liquid storage capacity​.Macquarie Infrastructure Corp - deal for ‍$171.5 million​.‍International-Matex Tank Terminals- deal funded by Macquarie Infrastructure by issuance of $125.0 million in new mic shares to sellers,$46.5 million in cash.  Full Article

Macquarie Infrastructure Corp announces conversion ratio adjustment to convertible notes due 2019
Friday, 14 Jul 2017 08:00am EDT 

July 14 (Reuters) - Macquarie Infrastructure Corp ::Macquarie Infrastructure Corporation announces conversion ratio adjustment to convertible notes due 2019.Macquarie Infrastructure Corp - conversion ratio for notes increased to 12.2946 shares of common stock per $1,000 principal amount effective July 15, 2017.Macquarie Infrastructure Corp - adjustment to conversion ratio applicable to its 2.875pct convertible senior notes due 2019.Macquarie Infrastructure Corp - the adjustment reflects impact of dividends paid by company to holders of common stock.  Full Article

MIC authorizes cash dividend of $1.32 per share
Wednesday, 3 May 2017 05:15pm EDT 

May 3 (Reuters) - Macquarie Infrastructure Corp ::Mic reports first quarter 2017 financial results, increases quarterly cash dividend.Macquarie Infrastructure Corp - authorizes cash dividend of $1.32 per share.Macquarie Infrastructure Corp - authorizes cash dividend of $1.32 per share, up 10%.Macquarie Infrastructure Corp - qtrly net income per share attributable to MIC $ 0.44.Macquarie Infrastructure Corp - MIC had a backlog of approved growth projects having a total value of approximately $280.0 million at beginning of may.Q1 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Macquarie Infrastructure Corp - qtrly total revenue $451.5 million versus $396.4 million.Q1 earnings per share view $0.51, revenue view $412.4 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-MIC Reports Qtrly Earnings Per Share $4.13

* MIC REPORTS 2017 FINANCIAL RESULTS, INCREASE IN QUARTERLY DIVIDEND