Month: August 2020

MIDLAND, TX, Aug. 06, 2020 (GLOBE NEWSWIRE) — Mexco Energy Corporation (NYSE American: MXC) today reported net loss of $299,670 for the quarter ending June 30, 2020, the Company’s first quarter of fiscal 2021. This compares to a net loss of $54,186 for the quarter ending June 30, 2019.Operating revenues in the first quarter of fiscal 2021 were $370,456, a decrease of 47% from $699,591 for the first quarter of fiscal 2020. This is the result of a 56% decrease in oil prices and a 29% decrease in gas prices partially offset by a 9% increase in oil production and an 11% increase in gas production. The average sales price of oil and natural gas respectively for the quarter ending June 30, 2020 was $24.48 per barrel and $1.03 per Mcf compared to $55.47 per barrel and $1.44 per Mcf for the quarter ending June 30, 2019.The Company currently...

Pacific Gas & Electric (PG&E) emerged from bankruptcy allowing for the release of trapped cashDeclared a 49% quarterly dividend increase to $0.3125 per share in third quarter 2020Reaffirming Clearway’s long-term target annual dividend growth of 5-8%; anticipated growth at the high end of this range by the end of 2021Sold interest in the residential solar portfolio and acquired the remaining interest in Repowering 1.0Raised $278 million in capital through additional Green Bond 2028 Senior Notes and ATM proceedsContinued growth with Clearway Group by executing an agreement to invest in the 419 MW Mesquite Star wind project and through a new Drop Down offerReaffirming 2020 financial guidancePRINCETON, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) — Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2020...

Pro-forma(1) liquidity(2) of approximately $3.5 billion, including approximately $1.7 billion of consolidated cash on hand, $738 million of available revolver capacity at Transportation as of June 30, 2020, and up to $1.0 billion of new liquidity from recently announced senior secured credit facilityFree cash flow usage(3) and cash flow usage from operating activities better than expected at $1.0 billion, including an estimated $700-$900 million of Coronavirus impactConsolidated revenues were $2.7 billion, down 37% year-over-year due to pandemic related disruptionsConsolidated adjusted EBIT(3) loss of $427 million reflecting charge at Transportation related to legacy projects and COVID-19 impact at both Aviation and Transportation; Reported EBIT of $26 million reflecting an accounting gain on the CRJ divestitureAll 51 manufacturing sites...

Liquidités(1) pro-forma(2) d’environ 3,5 milliards $ au 30 juin 2020, y compris environ 1,7 milliard $ d’encaisse consolidée, 738 millions $ de disponibles sur la facilité de crédit renouvelable de Transport et jusqu’à 1,0 milliard $ de nouvelles liquidités disponibles sur la nouvelle facilité de crédit garantie de premier rang récemment annoncéeUtilisation des flux de trésorerie disponibles(3) et utilisation des flux de trésorerie liés aux activités opérationnelles de 1,0 milliard $, meilleures que prévu, incluant une incidence du coronavirus estimée entre 700 millions $ et 900 millions $Revenus consolidés de 2,7 milliards $, une diminution de 37 % sur ceux du trimestre correspondant de l’exercice précédent en raison des perturbations liés à la pandémieRAII ajusté(3) consolidé négatif de 427 millions $ reflétant une charge liée...

HighlightsGAAP revenue of $1,013.4 million for the three months ended June 30, 2020, representing a decline of 13.1%, 13.3% on an adjusted basis, and 12.8% on a constant currency adjusted basis compared to the same period in 2019.Net new business awards of $1,360.9 million and $5,796.6 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.34x and 1.27x, respectively.Clinical Solutions segment net new business awards of $1,180.1 million and $4,567.1 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.58x and 1.35x, respectively. Clinical Solutions backlog growth of 14.8% compared to the same period in 2019.Commercial Solutions segment net new business awards of $180.8 million and $1,229.5 million for the three and twelve months ended June 30, 2020,...

ATLANTA, Aug. 06, 2020 (GLOBE NEWSWIRE) — Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2020. The impact of the novel coronavirus and its disease (collectively, “COVID-19”) on economic activity significantly impacted our revenues and results for the second quarter and first half of 2020. Nevertheless, despite these macroeconomic challenges, over the first half of this year, we increased our cash on hand by $167 million and repurchased $49 million of our common stock. Key financial results are as follows:Our revenue for the second quarter of 2020 was $451 million, a decrease of $57 million, or 11%, from the second quarter of 2019. The primary components of revenue were: combined local and national broadcast advertising revenue of $198 million,...

ATLANTA, Aug. 06, 2020 (GLOBE NEWSWIRE) — Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today announced its financial results for the second quarter ended June 30, 2020.SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS COMPARED TO SECOND QUARTER 2019Consolidated net sales of $125.4 million, compared to $158.3 millionGross profit was $30.7 million, compared to $44.2 millionNet loss was ($3.2 million), or ($0.13) EPS, compared to net income of $1.2 million, or $0.05 basic and diluted EPSEBITDA of $5.7 million, compared to $12.2 millionAdjusted EBITDA of $10.4 million, compared to $16.6 millionOperating cash flow provided $9.7 million, compared to a use of $1.7 millionLiquidity of $62.6 million, including $2.9 million of cash plus $59.7 million of availability under...

PORTSMOUTH, N.H., Aug. 06, 2020 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsNet sales were $358.2 million for the second quarter of 2020, compared to net sales of $662.0 million for the second quarter of 2019.GAAP net loss was $25.1 million for the second quarter of 2020, compared to net loss of $4.8 million for the second quarter of 2019.Adjusted gross margin* was $65.2 million for the second quarter of 2020, compared to adjusted gross margin of $48.3 million for the second quarter of 2019.Adjusted EBITDA* was $28.0 million for the second quarter of 2020, compared to adjusted EBITDA of $9.7 million for the second quarter of 2019.“Sprague enjoyed a record second quarter as we capitalized on storage...