Midstream

Enterprise to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

Retrieved on: 
Thursday, September 28, 2023
Finance, Oil, Gas, Energy, Professional Services, Other Energy, Midstream, Enterprise Products, Transport, NGL, Atlas, Wolfe, NYSE, Conference, EPD, Natural gas, Partner, Petroleum

Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the Wolfe Research Utilities, Midstream & Clean Energy Conference on Friday, September 29, 2023.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the Wolfe Research Utilities, Midstream & Clean Energy Conference on Friday, September 29, 2023.
  • The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website.
  • Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

AES President and CEO to Present at Wolfe Research Utilities, Midstream & Clean Energy Conference 2023

Retrieved on: 
Wednesday, September 20, 2023
Interest, Webcast, Midstream, AES, AES Corporation, Q&A, NYSE, Wolfe, Conference, Rare-earth element, Broadcasting, Mineral wool

ARLINGTON, Va., Sept. 20, 2023 /PRNewswire/ -- The AES Corporation's (NYSE: AES) President and Chief Executive Officer, Andrés Gluski, will present at the Wolfe Research Utilities, Midstream & Clean Energy Conference 2023 on Wednesday, September 27, 2023 at 10:25 a.m. Eastern Time (ET).

Key Points: 
  • ARLINGTON, Va., Sept. 20, 2023 /PRNewswire/ -- The AES Corporation's (NYSE: AES) President and Chief Executive Officer, Andrés Gluski, will present at the Wolfe Research Utilities, Midstream & Clean Energy Conference 2023 on Wednesday, September 27, 2023 at 10:25 a.m. Eastern Time (ET).
  • The format of the presentation is a fireside chat Q&A that will be open to the media and public in listen-only mode by webcast.
  • Interested parties may access the webcast on the AES website at www.aes.com by selecting "Investors" and then "Presentations and Webcasts."

Western Midstream Announces Second-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and SVP, Southern Operations, Danny Holderman and Participation in Upcoming Investor Conferences

Retrieved on: 
Monday, August 14, 2023
Oil, Gas, Energy, Midstream, NYSE, WES, Senior, Conference, Cryptocurrency

Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, and Danny Holderman, Senior Vice President, Southern Operations, to provide additional insights related to second-quarter 2023 results.

Key Points: 
  • Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, and Danny Holderman, Senior Vice President, Southern Operations, to provide additional insights related to second-quarter 2023 results.
  • In addition, WES intends to participate in the following investor conferences, either in-person or virtually, during the third-quarter of 2023:
    Citi One-on-One Midstream/Energy Infrastructure Conference in Las Vegas, Nevada on August 22 – 23, 2023
    NYSE Energy & Utilities Virtual Investor Access Day on September 12, 2023
    Wolfe Research Utilities, Midstream & Clean Energy Virtual Conference on September 29, 2023

Talen Energy Reports Second Quarter Results, Highlights Strong First Half 2023 Financial and Operational Performance, and Establishes 2023 Guidance

Retrieved on: 
Monday, August 14, 2023
Uranium, EDT, Midstream, Bank of America, Webcast, Riverstone, Digital, CDT, Bank, PPA, Conference, Security (finance), Talen

The range for 2023 Adjusted EBITDA is $1,070 million to $1,245 million and the range for Adjusted Free Cash Flow is $550 million to $595 million.

Key Points: 
  • The range for 2023 Adjusted EBITDA is $1,070 million to $1,245 million and the range for Adjusted Free Cash Flow is $550 million to $595 million.
  • Talen is focused on maintaining a strong balance sheet: targeting a net leverage ratio of less than 3.5x net debt-to-EBITDA, along with maintaining ample liquidity.
  • On August 9, 2023, Talen successfully refinanced its non-recourse LMBE-MC subsidiary debt through upsizing its New TLB, 2030 by $290 million.
  • As of June 30, 2023, Talen had hedged approximately 64% of its expected generation volumes for the second half of 2023 and approximately 76% in 2024.

UGI Reports Third Quarter Results

Retrieved on: 
Thursday, August 3, 2023
Other Energy, Utilities, Oil, Gas, Other Manufacturing, Alternative Energy, Energy, Engineering, Manufacturing, Advertising, UGI, Public utility, Marketing, AmeriGas, Pennant, UGI Corporation, GAAP, EBIT, Wind, Interest, Future, Midstream, Internet, Acquisition, Natural gas, Webcast, LPG, Growth, ESG, EPS, Environment, NYSE, Propane, Paint, Renewable energy

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.
  • Year-to-date reportable segments earnings before interest expense and income taxes1 ("EBIT") of $1,076 million compared to $1,079 million in the prior-year period.
  • "This quarter, we continued to execute on our strategy, while taking actions to enhance our financial flexibility," said Roger Perreault, President and Chief Executive Officer of UGI Corporation.
  • Based on the results of the first nine months of fiscal 2023 and expectations for the fourth quarter, we anticipate fiscal 2023 adjusted diluted EPS to be at the low end of our guidance range of $2.75 to $2.903.

Phillips 66 Reports Second-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Energy, Oil, Gas, Finance, QatarEnergy, BPD, Cedar Bayou, DCP, GTP, DCP Midstream Partners, EDT, RLP, Public expenditure, Phillips, EBITDA, Acquisition, Investment, Golden Triangle, Webcast, LP, Hand, Phillips 66, Rodeo San Francisco Refinery, Holding company, Petroleum, Midstream

Phillips 66 generated $1.0 billion in cash from operations in the second quarter of 2023.

Key Points: 
  • Phillips 66 generated $1.0 billion in cash from operations in the second quarter of 2023.
  • During the second quarter, Phillips 66 funded $1.3 billion of share repurchases, $551 million of capital expenditures and investments and $474 million in dividends.
  • Phillips 66’s business transformation is on track to deliver $1 billion in run-rate savings by the end of 2023.
  • Phillips 66 is converting its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities.

Hess Reports Estimated Results for the Second Quarter of 2023

Retrieved on: 
Wednesday, July 26, 2023
Professional Services, Utilities, Oil, Gas, Energy, Finance, Banking, Destiny, JDA, Interest, Class, COVID-19, Liza, Wells, NGL, GAAP, Hess Corporation, Hess, Barrel, Midstream, Public expenditure, Uaru, Corporation, Tubular Bells, E&P, BP Canada, Weather, FPSO Noble Seillean, Hydrocarbon, Video game, Natural gas, Petroleum, Gulf of Mexico

E&P net income was $155 million in the second quarter of 2023, compared with $723 million in the second quarter of 2022.

Key Points: 
  • E&P net income was $155 million in the second quarter of 2023, compared with $723 million in the second quarter of 2022.
  • After-tax expense for Corporate, Interest and Other was $98 million in the second quarter of 2023, compared with $121 million in the second quarter of 2022.
  • Midstream capital expenditures were $52 million in the second quarter of 2023 and $72 million in the prior-year quarter.
  • Net cash provided by operating activities was $974 million in the second quarter of 2023, compared with $1,509 million in the second quarter of 2022.

Equinor second quarter 2023

Retrieved on: 
Wednesday, July 26, 2023
Maintenance, Communication, Peregrino, Use, Dogger Bank, Tax, Dogger Bank Wind Farm, MMP, USD, Marketing, Wind, NCS, NYSE, Public expenditure, Midstream, Norwegian State Educational Loan Fund, Investment, Kilowatt-hour, Decarbonisation measures in proposed UK electricity market reform, Engie, EQNR, OSE, NOK, Floral industry, Bank, Holding company, Management, Renewable energy, Petroleum, Equinor

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.
  • Power production from renewable energy sources was 345 GWh in the quarter, up from 325 GWh for the same quarter last year.
  • Equinor maintains a strong financial position with adjusted net debt to capital employed ratio* at negative 35.1% by the end of the second quarter, from negative 52.3% at the end of the first quarter of 2023.
  • The second tranche of the share buy-back programme for 2023 was completed on 12 July 2023 with a total value of around USD 1.67 billion.

Equinor first quarter 2023

Retrieved on: 
Thursday, May 4, 2023
Communication, Partnership, Use, Tax, MMP, USD, Marketing, Wind, NCS, Public expenditure, Midstream, Suncor Energy, SSE, Acquisition, Norwegian State Educational Loan Fund, Investment, Kilowatt-hour, RWE, Growth, EQNR, OSE, NYSE, Farm, Holding company, Management, Renewable energy, Rare-earth element, Petroleum, Oil, Bank, Security (finance), Dogger Bank, Statfjord oil field, Equinor

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 12.0 billion and USD 3.51 billion after tax in the first quarter of 2023.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 12.0 billion and USD 3.51 billion after tax in the first quarter of 2023.
  • Equinor completed nine exploration wells offshore with three commercial discoveries in the quarter, and three wells were ongoing at the quarter end.
  • Equinor paid the first of three equal NCS tax instalments of USD 5.42 billion in the quarter and will pay the next two in the second quarter.
  • The first tranche of the share buy-back programme for 2023 was completed on 20 March 2023 with a total value of USD 1 billion.

Hess Reports Estimated Results for the First Quarter of 2023

Retrieved on: 
Wednesday, April 26, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Destiny, Hess Corporation, JDA, Interest, Prosperity, ONE, NGL, GAAP, Hess, Government, Barrel, Midstream, Public expenditure, Uaru, Corporation, Global Infrastructure Partners, Fangtooth, Water, Hydrocarbon, Video game, Natural gas, Petroleum, Gulf of Mexico

E&P net income was $405 million in the first quarter of 2023, compared with $460 million in the first quarter of 2022.

Key Points: 
  • E&P net income was $405 million in the first quarter of 2023, compared with $460 million in the first quarter of 2022.
  • Gulf of Mexico (Offshore U.S.): Net production from the Gulf of Mexico in the first quarter of 2023 was 33,000 boepd, compared with 30,000 boepd in the prior-year quarter.
  • In the first quarter of 2023, we sold nine cargos of crude oil from Guyana compared with two cargos in the prior year quarter.
  • Midstream capital expenditures were $57 million in the first quarter of 2023 and $37 million in the prior-year quarter.