Atlas

SilverBow Resources Announces Fourth Quarter and Full Year 2023 Results and 2024 Outlook

Retrieved on: 
Wednesday, February 28, 2024

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2023.
  • As we enter 2024, SilverBow has a more durable asset base, flexibility to shift investments between oil and gas, and a longer runway of high-quality drilling opportunities.
  • Financial results in the period were driven by production results in the upper half of SilverBow's guidance.
  • Production mix for the fourth quarter consisted of 57% natural gas, 27% crude oil and 16% natural gas liquids ("NGLs").

Enterprise Products Partners L.P. 2023 Form 10-K Now Available

Retrieved on: 
Wednesday, February 28, 2024

Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has filed the partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has filed the partnership’s Annual Report on Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission.
  • The report is available on the Enterprise website at www.enterpriseproducts.com .
  • Hard copies of the report may be requested free of charge at https://ir.enterpriseproducts.com/notifications-requests .
  • 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.

Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc.

Retrieved on: 
Tuesday, February 27, 2024

Fourth quarter 2023 total sales decreased $16.5 million, or 10.5% sequentially, to $141.1 million.

Key Points: 
  • Fourth quarter 2023 total sales decreased $16.5 million, or 10.5% sequentially, to $141.1 million.
  • SG&A for the fourth quarter of 2023 decreased $0.7 million, or 4.6%, sequentially, to $13.6 million.
  • Net Income for the fourth quarter of 2023 was $36.1 million, representing a decrease of $20.3 million, or 36.0%, sequentially.
  • Adjusted EBITDA for the fourth quarter of 2023 was $68.7 million, representing a decrease of $15.4 million, or 18.3%, sequentially.

Pioneer Natural Resources Reports Fourth Quarter and Full Year 2023 Financial and Operating Results

Retrieved on: 
Thursday, February 22, 2024

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2023.

Key Points: 
  • Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2023.
  • Pioneer reported fourth quarter net income attributable to common shareholders of $1.3 billion, or $5.28 per diluted share.
  • Cash flow from operating activities during the fourth quarter and full year 2023 was $2.3 billion and $8.4 billion, respectively, leading to free cash flow1 of $1.2 billion for the fourth quarter and $4.1 billion for the full year 2023.
  • Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its results for the fourth quarter and year ended December 31, 2023.

Crisp Raises $50M in Series B Extension as CPG Brands Rapidly Adopt a Collaborative Commerce Approach for Sales, Marketing and Supply Chain Management

Retrieved on: 
Thursday, February 22, 2024

TriplePoint Capital LLC provided debt to refinance existing senior debt and to fund both operating activities and continued acquisitions.

Key Points: 
  • TriplePoint Capital LLC provided debt to refinance existing senior debt and to fund both operating activities and continued acquisitions.
  • Crisp previously raised a total of $60M in equity, bringing the total equity raised to $80M.
  • These insights enable brands and retailers to optimize the manufacturing, distribution, merchandising and marketing of CPG products through every retail channel.
  • We solve real problems and help CPG brands strengthen sales, marketing, and their relationships with retailers,” said Are Traasdahl, founder and CEO of Crisp.

Coterra Energy Reports Fourth-Quarter and Full-Year 2023 Results, Provides 2024 Outlook, and Announces Dividend Increase

Retrieved on: 
Thursday, February 22, 2024

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported fourth-quarter and full-year 2023 results, provided first-quarter and full-year 2024 guidance and released a new three-year outlook for 2024 through 2026.

Key Points: 
  • Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported fourth-quarter and full-year 2023 results, provided first-quarter and full-year 2024 guidance and released a new three-year outlook for 2024 through 2026.
  • As we look ahead, our 2024 capital plan underscores Coterra’s ability to pivot capital as fundamentals in the commodity markets dictate.
  • Common Dividend: On February 22, 2024, Coterra's Board of Directors (the "Board") approved a quarterly base dividend of $0.21 per share, which is a 5% increase year-over-year.
  • The dividend will be paid on March 28, 2024 to holders of record on March 14, 2024.

Enterprise to Acquire Interest in Panola NGL Pipeline From Western Midstream

Retrieved on: 
Wednesday, February 21, 2024

Enterprise Products Partners L.P. (NYSE: EPD) today announced that its affiliate has entered into a definitive agreement to acquire member interests in Panola Pipeline Company, LLC (“Panola”) from an affiliate of Western Midstream Partners, LP (“Western”) in a debt-free transaction for $25 million in cash consideration.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) today announced that its affiliate has entered into a definitive agreement to acquire member interests in Panola Pipeline Company, LLC (“Panola”) from an affiliate of Western Midstream Partners, LP (“Western”) in a debt-free transaction for $25 million in cash consideration.
  • Enterprise executed a definitive agreement to acquire Western’s 15 percent equity interest in Panola.
  • Panola owns a 253-mile pipeline that transports mixed NGLs from natural gas processing plants in East Texas, including Enterprise’s Bulldog plant, to multiple destinations, including the partnership’s NGL fractionation complex in Chambers County, Texas.
  • Subject to the rights of other Panola owners to participate in the sale of Western’s interest, upon closing of this transaction, Enterprise will own up to 70 percent of Panola.

Enterprise to Participate in Investor Conferences

Retrieved on: 
Wednesday, February 21, 2024

Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:
    Daniel Energy THRIVE Energy Conference in Houston, Texas, February 22, 2024; and
    Scotiabank Energy & Power Conference in Miami, Florida, February 28, 2024.
  • The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website beginning at 8:00 a.m. CT, Thursday, February 22.
  • 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 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

Enterprise Acquires Joint Venture Interests From Western Midstream

Retrieved on: 
Wednesday, February 21, 2024

Enterprise Products Partners L.P. (NYSE: EPD) today announced that certain of its affiliates have acquired interests in Whitethorn Pipeline Company LLC (“Whitethorn”) and Enterprise EF78 LLC (“EF78”) from affiliates of Western Midstream Partners, LP (“Western”) in a series of debt-free transactions for $375 million in total cash consideration.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) today announced that certain of its affiliates have acquired interests in Whitethorn Pipeline Company LLC (“Whitethorn”) and Enterprise EF78 LLC (“EF78”) from affiliates of Western Midstream Partners, LP (“Western”) in a series of debt-free transactions for $375 million in total cash consideration.
  • Enterprise completed the acquisition of Western’s 20 percent equity interest in Whitethorn, which owns the 620,000 barrel per day Midland-to-Sealy portion of the Midland-to-ECHO 1 crude oil pipeline.
  • Enterprise also completed the acquisition of Western’s 25 percent equity interest in EF78, which owns natural gas liquids (“NGL”) fractionators 7 and 8 located in Mont Belvieu, Texas.
  • “We are pleased to complete these transactions to consolidate ownership in these midstream assets,” said A. J.

ATLAS OCEAN VOYAGES INTRODUCES NEW CULTURAL EXPEDITION PROGRAMMING FOR 2024

Retrieved on: 
Thursday, March 7, 2024

FORT LAUDERDALE, Fla., March 7, 2024 /PRNewswire/ -- Atlas Ocean Voyages announces a collection of expert-led workshops and onboard lecturers as part of the 2024 Cultural Expeditions season. An addition to the company's year-round expeditions that include Polar and Epicurean Expeditions, these new programs enhance appreciation for a variety of captivating regions and local cultures.

Key Points: 
  • FORT LAUDERDALE, Fla., March 7, 2024 /PRNewswire/ -- Atlas Ocean Voyages announces a collection of expert-led workshops and onboard lecturers as part of the 2024 Cultural Expeditions season.
  • Atlas Ocean Voyages Cultural Expeditions include onboard and onshore programming focused on drone and photo workshops, cooking culture, and destination experts.
  • Below is an overview for 2024:
    Guests will embark on an exhilarating journey exclusively with Atlas Ocean Voyages Cultural Expeditions' new Atlas Focus Lab: Drone & Photo Workshops.
  • Combining an intimate and luxurious environment with genuine hospitality, Atlas Ocean Voyages ensures that each journey is a once-in-a-lifetime expedition.