1Q 2017 Net Income of $634 Million, Up $584 Million 1Q 2017 Adjusted EBITDA of $1.117 Billion, Up 5.4% Cash Distribution Coverage Ratio of 1.33x Announced Agreement to Sell Its Interests in Geismar Plant for $2.1 Billion and to Provide Feedstock to Plant Buyer via Long-Term Supply and Transportation Agreements Williams Partners Analyst Day Set for May 11 TULSA, Okla.--(BUSINESS [Read more]
Pioneer Natural Resources Company Reports First Quarter 2017 Financial and Operating Results
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter ended March 31, 2017. Pioneer reported a first quarter net loss attributable to common stockholders of $42 million, or $0.25 per diluted share. Without the effect of noncash mark-to-market derivative gains and other unusual items, adjusted results for the first quarter were earnings of [Read more]
Ring Energy, Inc. Schedules Conference Call on Its 2017 First Quarter Financial and Operating Results
MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE MKT: REI) (“Ring”) (“Company”) has scheduled a conference call on Wednesday, May 10, 2017, at 12:00 p.m. ET to discuss the 2017 first quarter financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Tuesday, May 9, 2017. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference [Read more]
Phillips 66 Announces Increase in Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 70 cents per share on Phillips 66 common stock, representing an 11 percent increase. The dividend is payable on June 1, 2017, to shareholders of record as of the close of business on May 18, 2017. Since the first dividend paid by Phillips 66 in 2012, the board has increased the dividend seven times, representing a 30 percent compound annual [Read more]
Ameresco to Attend Investor Conferences in May
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that the Company will attend the following investor conferences during the month of May: On Tuesday, May 16, 2017, Chief Financial Officer, John Granara will attend the Oppenheimer Emerging Growth Conference at the InterContinental New York Barclay Hotel in New York City. Ameresco [Read more]
PG&E Hauling, Processing Dead Trees to Enhance Public Safety
SAN FRANCISCO--(BUSINESS WIRE)--In response to California’s ongoing tree mortality crisis and increased wildfire threat, Pacific Gas and Electric Company (PG&E) is working with local communities and power generators to dispose of dead tree debris and turn it into renewable energy. PG&E is operating sorting and chipping yards in eight counties hard hit by tree mortality to prepare the dead tree debris for use in biomass generation facilities. The two [Read more]
Diamond Offshore Continues Relationship with Speedcast for Managed Remote Communications Services
SYDNEY--(BUSINESS WIRE)--#DiamondOffshore--Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has secured a long-term contract with Diamond Offshore. Diamond Offshore, a leader in offshore drilling, is leveraging Speedcast’s managed communications services across 10 rigs and one shore-based facility. “Diamond Offshore [Read more]
One of the Largest North Sea Oil and Gas Operating Companies Earns High Marks with Boxley Group’s CompetencyIQ®
HOUSTON--(BUSINESS WIRE)--The U.K. Health and Safety Executive - Hazardous Installations Directorate (HID), recognized as having some of the world’s most stringent competency assurance requirements, recently conducted a rigorous inspection of one of the largest North Sea operators. The HID deemed the operator’s drilling and completions competency management program to be fully compliant with UK regulatory requirements and assigned a compliance score that [Read more]
Detrex Corporation Reports First Quarter Sales and Earnings and Announces a Second Quarter Dividend of $0.25 per Share
CLEVELAND--(BUSINESS WIRE)--Detrex Corporation (OTCQX:DTRX), today announced 2017 first quarter net income of $700,026, or $0.41 per fully diluted share, compared to 2016 first quarter net income of $234,317, or $0.14 per fully diluted share. The Company also announced that it will pay a second quarter dividend of $0.25 per share on June 21, 2017, to shareholders of record on June 7, 2017. First quarter 2017 revenues of $10.3 million were a [Read more]
Former GE Executive Director Joins High-Growth Combustion Turbine Technology Company
JUPITER, Fla.--(BUSINESS WIRE)--#gasturbines--Dr. Mark Little, General Electric’s former chief technology officer and leader of GE Global Research, has joined the board of directors of Powerphase, maker of patented upgrades that improve the fuel efficiency and output of combustion turbines. Dr. Little accompanies Bob McGrath, former EVP Nextera Energy, as the second independent director appointed to the Powerphase board of Directors. During his tenure at GE, [Read more]
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