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Oil & Gas Transportation Services

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Boardwalk Pipeline Partners Q4 Net Income/Common Unit $0.33

Monday, 12 Feb 2018 06:00am EST

Feb 12 (Reuters) - Boardwalk Pipeline Partners LP ::Q4 REVENUE $337.5 MILLION VERSUS $352.6 MILLION (NOT $1.307 BILLION).BOARDWALK ANNOUNCES FOURTH QUARTER 2017 RESULTS AND QUARTERLY DISTRIBUTION OF $0.10 PER UNIT.QTRLY NET INCOME PER COMMON UNIT $0.33.BOARDWALK PIPELINE PARTNERS - Q4 RESULTS UNFAVORABLY IMPACTED BY RESTRUCTURING OF CONTRACTS WITH SOUTHWESTERN ENERGY ON CO'S FAYETTEVILLE, GREENVILLE LATERALS.Q4 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $353.2 MILLION -- THOMSON REUTERS I/B/E/S.

Shell Midstream Partners Announces Sale Of $980 Mln Of Common Units

Friday, 2 Feb 2018 08:37am EST

Feb 2 (Reuters) - Shell Midstream Partners LP ::SHELL MIDSTREAM PARTNERS LP ANNOUNCES SALE OF $980 MILLION OF COMMON UNITS.SHELL MIDSTREAM PARTNERS - EXPECTS TO USE NET PROCEEDS FROM PUBLIC OFFERING, PRIVATE PLACEMENT TO REPAY AMOUNTS OUTSTANDING UNDER CREDIT FACILITIES.SHELL MIDSTREAM PARTNERS - PRICED PUBLIC OFFERING OF 25 MILLION UNITS FOR TOTAL PROCEEDS OF $680 MILLION BEFORE DEDUCTING UNDERWRITING COMMISSIONS & EXPENSES.SHELL MIDSTREAM PARTNERS LP - ‍IN ADDITION, CO CONCURRENTLY AGREED TO SELL 11,029,412 COMMON UNITS TO SHELL MIDSTREAM LP HOLDINGS LLC​.

DCP Midstream resumes normal operations post Hurricane Harvey

Tuesday, 5 Sep 2017 04:05pm EDT

Sept 5 (Reuters) - DCP Midstream Lp :DCP Midstream resumes normal operations post Hurricane Harvey.DCP Midstream Lp - ‍all DCP's 61 gas plants are operational with exception of four plants​.DCP Midstream Lp - ‍Permian and Eagle Ford plants will be restarted once third party outlets to Sweeny return to service​.DCP Midstream Lp - ‍DCP's Port Arthur plant in Southeast Texas is being evaluated for return to service as area flooding from Harvey recedes​.DCP Midstream Lp - ‍anticipates returning all remaining plants to service over next week​.

Ship Finance International reports qtrly ‍shr $0.22​

Wednesday, 30 Aug 2017 08:31am EDT

Aug 30 (Reuters) - Ship Finance International Ltd :SFL - second quarter 2017 results.Qtrly ‍shr $0.22​.Qtrly ‍total charter revenues $150 million versus $152 million​ prior quarter.Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Ship Finance International- On pending financial restructuring in Seadrill ,softer tanker market, board has adjusted dividend to $0.35 per share for Q2​.

Hoegh LNG Q2 EBITDA beats forecast

Thursday, 24 Aug 2017 01:00am EDT

Aug 24 (Reuters) - HOEGH LNG HOLDINGS LTD :HOEGH LNG Q2 EBITDA $37.7 MLN (REUTERS POLL $35.4 MILLION) VS $36.7 MLN IN Q1 2017.SAYS THE QR/QR INCREASE IN EBTIDA IS MAINLY ATTRIBUTABLE TO REIMBURSEMENT FOR ACCRUED COSTS RELATED TO THE PAKISTAN INFRASTRUCTURE PROJECT, LOWER ADMINISTRATIVE EXPENSES, AND TIME-CHARTER INCOME FOR HOEGH GIANT.HOEGH LNG Q2 NET RESULT $8.5 MILLION (REUTERS POLL $2.38 MILLION).HOEGH LNG DECLARES DIVIDEND OF $0.125 PER SHARE.HOEGH LNG REVENUE BACKLOG $6.1 BLN AT END Q2 VERSUS $6.2 BLN AT END Q1.SAYS THE COMPANY IS CONTINUING TO PURSUE ADDITIONAL BUSINESS OPPORTUNITIES AND REMAINS CONFIDENT IT WILL REACH ITS GOAL OF A FLEET OF 12 UNITS IN OPERATION OR UNDER CONSTRUCTION BY 2019.HOEGH LNG OPERATES SEVEN FLOATING STORAGE AND REGASIFICATION VESSELS (FSRU'S) AND TWO LNG CARRIERS, AND HAS THREE FSRU'S UNDER CONSTRUCTION.

SemGroup Corp reports qtrly earnings of $0.15 per share

Monday, 7 Aug 2017 07:34am EDT

Aug 7 (Reuters) - SemGroup Corp :​:SemGroup Corporation announces second quarter 2017 results.Q2 revenue $473.1 million versus I/B/E/S view $386.4 million.Q2 earnings per share $0.15.Management reaffirms dividends will be reviewed annually in December of each year targeting a 10 percent dividend CAGR through 2020.Says updating its 2017 capital expenditure guidance to $575 million.With expected addition of $60 million adjusted EBITDA from HFOTCO deal​, sees 2017 adjusted EBITDA $330 million - $350 million .Is narrowing its initial 2017 adjusted EBITDA guidance range of between $270 million and $310 million to $270 million and $290 million.Q2 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Hired financial advisor to assist in evaluation of potential sale of SemLogistics, petroleum products storage business.In December 2017, management expects to recommend to board a dividend increase of 10 percent on an annualized basis.

Enterprise reports Q2 earnings per share $0.30

Thursday, 3 Aug 2017 06:00am EDT

Aug 3 (Reuters) - Enterprise Products Partners Lp :Enterprise reports results for second quarter 2017.Q2 earnings per share $0.30.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Enterprise Products Partners LP - Qtrly revenue $6,607.6 million versus $5,617.8 million.Q2 revenue view $6.60 billion -- Thomson Reuters I/B/E/S.Enterprise Products Partners LP - Currently expect the PDH Plant to begin initial operations in September 2017.Enterprise Products Partners LP - NGL Pipelines & Services produced total fee-based processing volumes were 4.7 bcf/d in the second quarter of 2017.

Genesis Energy says to buy Tronox Ltd's alkali business for about $1.3 bln

Wednesday, 2 Aug 2017 09:40pm EDT

Aug 2 (Reuters) - Geensis Energy LP - :Genesis energy L.P. enters into agreement to acquire Tronox Limited's alkali business.Genesis Energy - deal value for about $1.3 billion.Genesis energy - announced it is acquiring all of Tronox's trona and trona-based exploring, mining, processing, producing, marketing and selling business.Received binding commitments for purchase of approximately $750 million of 8.75 percent class a convertible preferred units.Genesis Energy - KKR and GSO will acquire approximately 22.2 million units at a price of $33.71 per unit.Genesis Energy- received binding commitments from investment vehicles affiliated with KKR Global Infrastructure Investors II and GSO Capital Partners.Genesis Energy - stock purchase agreement with unit of tronox to buy all of trona-based exploring, mining, processing, producing, selling business.

TransCanada reports Q2 non-GAAP earnings of C$0.76/shr

Friday, 28 Jul 2017 07:30am EDT

July 28 (Reuters) - Transcanada Corp :TransCanada reports strong second quarter 2017 financial results; performance highlights diversified, low risk business strategy.Q2 non-GAAP earnings per share C$0.76.Q2 earnings per share C$1.01.Q2 earnings per share view C$0.69 -- Thomson Reuters I/B/E/S.Transcanada Corp - qtrly revenue $3,217 million versus $2,751 million last year.Q2 revenue view C$3.14 billion -- Thomson Reuters I/B/E/S.Transcanada Corp - ‍Q2 2017 results included a $265 million after-tax net gain on monetization of U.S. Northeast power asset​s.Transcanada Corp - "Our overall comparable earnings outlook for 2017 is expected to be higher than what was previously included in 2016 annual report"."Our expected total capital expenditures for 2017 as outlined in 2016 annual report remain unchanged".

Brookfield business partners to acquire 60 pct of Teekay Offshore Partners

Wednesday, 26 Jul 2017 10:50pm EDT

July 26 (Reuters) - Brookfield Business Partners Lp :Brookfield business partners to acquire 60% of teekay offshore partners l.p..Total investment is expected to be approximately $750 million.Brookfield business partners LP says Brookfield will invest $610 million for newly-issued common units of Teekay offshore and will acquire a $200 million loan to Teekay offshore.Brookfield business partners LP says upon closing of transaction, Brookfield will appoint four of nine directors to board of too gp..Teekay corporation will be co-investing alongside Brookfield and will retain a 14% ownership of Teekay offshore.Brookfield will also acquire 49% of teekay offshore GP L.L.C. .Brookfield business partners LP says closing of transaction is expected to occur in q3 of 2017.Teekay corporation will continue to hold 51pct of too gp.Brookfield has option to acquire an additional 2% of too gp subject to satisfaction of certain conditions..

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