Day: May 3, 2022

EL SEGUNDO, Calif., May 03, 2022 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the “Company”) today reported results for the three months ended March 31, 2022. Financial Overview  Three months ended March 31,    2022       2021    (In millions, except percentage and per share amounts)Net sales $ 511.1     $ 496.1  Net income   27.8       18.1  Net income as a percentage of net sales   5.4 %     3.6 %Adjusted Net Income (Non-GAAP measure*)   36.9       29.3  Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales   7.2 %     5.9 %Earnings Per Share (“EPS”) – Diluted   0.33       0.22  Adjusted EPS (Non-GAAP measure*)   0.44       0.36  Adjusted EBITDAP (Non-GAAP measure*)   69.3       58.5  Adjusted EBITDAP (Non-GAAP measure*) as a percentage of net sales   13.6 %     11.8 %Cash...

Achieved Average Total Production of 29,362 BOPD, Up 20% Year-on-Year Generated Net Income of $14 Million Increased Adjusted EBITDA(1) to $119 Million, Up 185% Year-on-Year Grew Net Cash Provided by Operating Activities to $104 Million, Up 148% Year-on-Year Increased Funds Flow from Operations(1) to $87 Million, Up 201% Year-on-Year Generated Free Cash Flow(1)of $46 Million, Highest Since Fourth Quarter 2012 Credit Facility Balance Paid Down to $40 Million at March 31, 2022, Current Balance of $10 Million Balance of Credit Facility Expected to be Fully Paid Down Before End of Second Quarter 2022 2021 Sustainability Report to be Released May 4, 2022 Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPDCALGARY, Alberta, May 03, 2022 ...

CALGARY, Alberta, May 03, 2022 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 first quarter results with record Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q1 Corporate HighlightsProduction above Guidance: 34,679 boe/d (92% Liquids) consisting of 27,909 bbl/d in Thermal Oil and 6,770 boe/d (57% Liquids) in Light Oil, ahead year-to-date of annual guidance of 33-34,000 boe/d. Capital Expenditures: $31 million focused on sustaining operations in Thermal Oil and three Duvernay well completions. Record Cash Flow: Record Adjusted Funds Flow ~$75 million and record Free Cash Flow ~$44 million. Continued cash flow expansion...

Reports Net Income of $12.2 Million, or $0.20 per Diluted Share HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the first quarter of 2022. Highlights and Recent Key Items:Reported strong Q1 2022 net income of $12.2 million ($0.20 per diluted share) and Adjusted Net Income(1) of $21.1 million ($0.36 per diluted share); Increased Adjusted EBITDAX(1) by 49% quarter-over-quarter to $33.5 million in Q1 2022; Increased Q1 2022 production by 7% to 8,051 net revenue interest (“NRI”)(2) barrels of crude oil per day (“BOPD”), or 9,254 working interest (“WI”)(3) BOPD, compared to Q4 2021;Exit rate for Q1 2022 production increased to approximately 9,500 NRI BOPD As previously disclosed, temporary operational issues reduced production in February; Sold...

CALGARY, Alberta, May 03, 2022 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (“Wilmington” or the “Corporation”) (TSX: WCM.A WCM.B) reported net income attributable to shareholders for the three months ended March 31, 2022 of $0.9 million or $0.07 per share compared to a net loss of $0.3 million or $0.00 per share for the same period in 2021. OPERATIONS REVIEW – For the Period Ended March 31, 2022As at March 31, 2022, Wilmington had assets under management in its operating platforms of approximately $335 million ($83 million representing Wilmington’s share). A summary of the Corporation and the operation of its investments is set out below. MarinasMaple Leaf Partnerships In January 2022, the Corporation advanced $5.0 million to the Maple Leaf Partnerships to bridge finance an acquisition. The advance was secured by promissory...

NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”, formerly known as TCG BDC, Inc.) (NASDAQ: CGBD) today announced its financial results for its first quarter ended March 31, 2022. Linda Pace, CSL’s Chief Executive Officer said, “Our first quarter financial results were solid and reflect the continued strong performance of our portfolio. We are pleased with both our income generation and overall credit performance, which drove another quarter of growth in our net asset value, despite an increasingly complex investing environment. We are confident in our ability to continue to deliver against our objectives of sustainable income generation and NAV stability going forward.” Selected Financial Highlights(dollar amounts...