MVC

Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million

Retrieved on: 
Friday, March 22, 2024
Condensate, Permian, Janus, MVC, Natural gas, Partnership, Noble, Sale, Public expenditure, Utica Shale, Loss, Bank statement, Adjustment, OCC, OGC, GAAP, Depreciation, Special, Delaware Basin, RBC Capital Markets, Bookkeeping

HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture"). 

Key Points: 
  • HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture").
  • The Board and management plan to seek approval from Summit unitholders to convert the Partnership to a C-Corp at a Special Meeting later this year.
  • Summit Utica: The Summit Utica system is a natural gas gathering system located in Belmont and Monroe counties in southeastern Ohio and serves producers targeting the dry-gas reserves of the Utica and Point Pleasant shale formations.
  • The Summit Utica system gathers and delivers natural gas, primarily under long-term, fee-based gathering agreements, which include acreage dedications.

Amerigo Announces 2023 Results & Quarterly Dividend

Retrieved on: 
Wednesday, February 21, 2024
Cauquenes, Transport, London Metal Exchange, EPS, Copper, Conference, MVC, Molybdenum, DET, Cryptocurrency

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce financial results for the year and three months (“Q4-2023”) ended December 31, 2023. Dollar amounts in this news release are in U.S. dollars unless indicated otherwise.

Key Points: 
  • Amerigo’s 2023 copper production of 57.6 million pounds (“M lbs”) was 10% lower than the 2022 production of 64.0 M lbs.
  • The Company’s revenue in 2023 was $157.5 million (2022: $168.1 million).
  • Revenue also included increased molybdenum revenue of $19.4 million (2022: $15.1 million) due to stronger molybdenum production and prices in 2023.
  • In 2023, the Company generated annual operating cash flow before changes in non-cash working capital1 of $22.3 million (2022: $34.9 million).

Kinetik Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Provides 2024 Guidance

Retrieved on: 
Wednesday, February 28, 2024
Oil, Gas, Energy, KNTK, PHP, British thermal unit, Growth, APA Corporation, Adjustment, MVC, WTI, Rail transport by country, Transport, Credit, Holding company

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2023.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2023.
  • “We reported record volume growth each successive quarter, and exit-to-exit processed gas volumes grew by 22%.
  • Our initiatives throughout 2023 have positioned us well for future growth with existing customers and market share capture in the Northern Delaware Basin.
  • Reported full year 2023 Capital Expenditures2 of $531.2 million, within the Company’s guidance range provided in February, and for the fourth quarter 2023 reported Capital Expenditures2 of $95.0 million.

Barings BDC, Inc. Reports Fourth Quarter and Full Year 2023 Results and Announces Quarterly Cash Dividend of $0.26 Per Share

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Finance, Note, Investment, Share repurchase, NAV, Barings LLC, Sale, MVC, Depreciation, Security (finance)

In the fourth quarter, we out-earned the dividend by approximately 20%, increased net investment income from the third quarter and repurchased 449,096 shares as part of our share repurchase program.

Key Points: 
  • In the fourth quarter, we out-earned the dividend by approximately 20%, increased net investment income from the third quarter and repurchased 449,096 shares as part of our share repurchase program.
  • Net asset value (“NAV”) per share as of December 31, 2023 was $11.28, as compared to $11.25 as of September 30, 2023.
  • During the three months ended December 31, 2023, the Company had seven loans repaid totaling $64.8 million and received $37.2 million of portfolio company principal payments.
  • The Board declared a quarterly cash dividend of $0.26 per share.

Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2023

Retrieved on: 
Wednesday, January 31, 2024
Energy, Utilities, Oil, Gas, Growth, Sponsor, GAAP, MVC, Capital, Water, Capital expenditure, Global Infrastructure Partners, General partnership, Hess Corporation, Petroleum

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth quarter of 2022.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth quarter of 2022.
  • We refer to certain results as “attributable to Hess Midstream LP,” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.
  • Revenues and other income in the fourth quarter of 2023 were $356.5 million compared with $314.6 million in the prior-year quarter.
  • Hess Midstream will review fourth quarter financial and operating results and other matters on a webcast today at 12:00 p.m. Eastern Time.

MicroVisionChain Celebrates First Anniversary: Mainnet Launch and F2pool Listing of SPACE

Retrieved on: 
Saturday, January 27, 2024
Bitcoin, VCS, TPS, IPO, IDO, UTXO, SPACE, Prisoner of war, MVC, Cryptocurrency

Macau, China , Jan. 27, 2024 (GLOBE NEWSWIRE) -- MicroVisionChain (MVC), a high-performance Bitcoin layer 2 chain, is celebrating its first anniversary since the mainnet launch.

Key Points: 
  • Macau, China , Jan. 27, 2024 (GLOBE NEWSWIRE) -- MicroVisionChain (MVC), a high-performance Bitcoin layer 2 chain, is celebrating its first anniversary since the mainnet launch.
  • MVC, which utilizes UTXO and PoW consensus, is renowned for its high performance, low fees, and decentralization.
  • Its native coin, SPACE, is a top 3 PoW chain in terms of hash rate and uses the same SHA256d mining algorithm as Bitcoin, making Bitcoin ASICs usable for mining space.
  • MVC's journey began with a fair launch on January 26, 2023, with no presale, VCs, ICO, IDO, or IPO.

Amerigo Reports 2023 Production Results & Provides Increased 2024 Guidance

Retrieved on: 
Tuesday, January 16, 2024
Weather, DET, Earnings call, Public expenditure, CLP, Environment, El Teniente, Molybdenum, Strategy, USD, MVC, Copper, London Metal Exchange

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) announced today 2023 production results from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile. Dollar amounts in this news release are in U.S. dollars (“USD”) unless indicated otherwise.

Key Points: 
  • 2024 is our 4th consecutive year of increased production guidance and is 8%, or 4.8M lbs, higher than 2023 copper production.
  • We are confident that at the current copper prices of $3.80/lb, the quarterly dividend of Cdn$0.03 per share remains secure, subject to Amerigo attaining its 2024 production guidance herein released.
  • Release of 2023 financial results on February 21, 2024
    Amerigo will release 2023 financial results at the market open on Wednesday, February 21, 2024.
  • Dial 1-888-664-6392 (Toll-Free North America) and state they wish to participate in the Amerigo Resources 2023 Earnings Call.

Amerigo’s MVC Signs Collective Labor Agreement with its Supervisors Union

Retrieved on: 
Wednesday, January 10, 2024
OTCQX, ARG, Workforce, TSX, MVC

VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce that on January 8, 2024, Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile satisfactorily concluded negotiations with its 68-member union of supervisors.

Key Points: 
  • The parties have entered into a new 3-year collective agreement with a term date of January 7, 2027.
  • “We are pleased to report that negotiations with MVC’s union of supervisors concluded satisfactorily.
  • A new 3-year collective agreement is now in place,” said Aurora Davidson, Amerigo’s President and CEO.
  • The 3-year collective agreement for MVC’s plant operators has a term date of October 28, 2025.

Memphis Vascular Center Opens New Outpatient Diagnostic and Treatment Facility

Retrieved on: 
Thursday, November 30, 2023
General Health, Other Health, Health, Radiology, Oncology, Hysterectomy, Uterus, Vascular disease, Risk, Fungal infection, MVC, Woman, Fibroid, Patient, Blood, Cancer, Medical imaging

Memphis Vascular Center (MVC), a medical practice specializing in vascular and interventional radiology, has opened a new outpatient center to serve patients throughout the Memphis area.

Key Points: 
  • Memphis Vascular Center (MVC), a medical practice specializing in vascular and interventional radiology, has opened a new outpatient center to serve patients throughout the Memphis area.
  • The center’s doctors provide high quality diagnostic and minimally invasive treatment for vascular disease, cancer and other health conditions.
  • “Thanks to our new center, patients can be treated in an outpatient setting, where convenience and exceptional care are the priority.
  • Other benefits include a lower risk of hospital-acquired infections and lower overall cost.”
    The new center houses a combination of state-of-the-art diagnostic imaging equipment and treatment rooms.

Barings BDC, Inc. Reports Third Quarter 2023 Results and Announces Quarterly Cash Dividend of $0.26 Per Share

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Finance, Sale, Investment, Share repurchase, MVC, CPP Investment Board, Depreciation, NAV, External commercial borrowing, Barings LLC, Cryptocurrency, Bank

Commenting on the quarter, Eric Lloyd, Chief Executive Officer of Barings BDC, stated, “BBDC reported another strong quarter, out-earning the dividend by 20%.

Key Points: 
  • Commenting on the quarter, Eric Lloyd, Chief Executive Officer of Barings BDC, stated, “BBDC reported another strong quarter, out-earning the dividend by 20%.
  • Net asset value (“NAV”) per share as of September 30, 2023 was $11.25, as compared to $11.34 as of June 30, 2023.
  • In addition, an investment in one portfolio company was restructured, which resulted in a loss of $3.0 million.
  • The Board declared a quarterly cash dividend of $0.26 per share.