BOE Report

NuStar Energy Agrees to Sell Its European Operations to Inter Pipeline

Divestiture Part of NuStar's Comprehensive Plan to Lower Debt and Deliver Strong, Sustainable Distribution Coverage SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has entered into an agreement to sell its European terminals and related assets to Inter Pipeline Ltd.’s European storage subsidiary, Inter Terminals Ltd., for $270 million. The operations include six liquids storage terminals in the United Kingdom and one [Read more]

Energy Transfer Announces Quarterly Cash Distribution

Earnings Release and Earnings Call Dates Also Announced DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET), formerly Energy Transfer Equity, L.P. (ETE), today announced a quarterly cash distribution of $0.305 per ET common unit ($1.22 on an annualized basis) for the third quarter ended September 30, 2018. This cash distribution is the same as the distribution for the second quarter of 2018 and will be paid on November 19, 2018 to unitholders of [Read more]

Phillips 66 Partners Reports Third-Quarter 2018 Earnings

Highlights Reported record earnings of $217 million and adjusted EBITDA of $305 million Raised quarterly distribution by 5.3 percent to $0.792 per common unit Increased capacity of Gray Oak Pipeline to 900,000 barrels per day HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2018 earnings of $217 million, or $1.10 per diluted common unit. Cash from [Read more]

Eclipse Resources Corporation Schedules Third Quarter 2018 Financial and Operational Results Conference Call

STATE COLLEGE, Pa.--(BUSINESS WIRE)--Eclipse Resources Corporation (NYSE:ECR) (the “Company” or “Eclipse Resources”) today is pleased to announce that the Company will release third quarter 2018 financial and operational results after the market close on Wednesday, October 31, 2018. Conference Call A conference call to review the Company’s third quarter financial and operational results is scheduled for Thursday, November 1, 2018 at [Read more]

Ring Energy, Inc., Schedules Conference Call on Its 2018 Third Quarter and Nine Month Financial and Operating Results

MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Wednesday, November 7, 2018 at 11:30 a.m. ET to discuss the 2018 third quarter and nine month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Tuesday, November 6, 2018. To participate, dial 877-709-8150 at least five minutes before the call is [Read more]

Hess Midstream Partners LP Announces Increased Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream Partners LP (NYSE:HESM) (“Hess Midstream” or the “Partnership”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.3575 per common unit for the quarter ended September 30, 2018. The distribution represents a 15% increase compared to the prior year quarter and a 3.6% increase compared to the second quarter of 2018. The distribution will be payable [Read more]

ConocoPhillips Reports Third-Quarter 2018 Results; Disciplined, Returns-Focused Plan On Track

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items for the current quarter were primarily for amounts recognized from the PDVSA [Read more]

Q3 2018 Results Announced For EQM Midstream Partners And EQGP Holdings

PITTSBURGH--(BUSINESS WIRE)--EQM Midstream Partners, LP (NYSE: EQM) today announced third quarter 2018 results, including net income of $209.9 million, adjusted EBITDA of $280.1 million, net cash provided by operating activities of $242.6 million, and distributable cash flow of $218.6 million. EQM operating income was $233.5 million, which was 60% higher than last year. The Non-GAAP Disclosures section of this news release provides reconciliations of [Read more]

EQT Board of Directors Approves Spin-off of Equitrans Midstream Corporation

Record and Distribution Dates Set PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE:EQT) today announced that its board of directors has approved the previously announced spin-off of Equitrans Midstream Corporation (ETRN), a company recently formed by EQT to hold EQT’s midstream business following the upcoming separation of EQT’s upstream and midstream businesses. Record Date is set for November 1, 2018 [Read more]

EQT Announces Appointment of New Directors

James E. Rohr Named Chairman of the Board PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE:EQT) today announced that it has appointed four new members to its board of directors (Board), effective upon completion of the separation of the Company’s upstream and midstream businesses, which is expected to occur at 11:59 p.m. Eastern Time on November 12, 2018. Additionally, Robert J. McNally, currently EQT’s chief financial officer, who will become [Read more]