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Month: February 2024

Belpointe OZ Announces Fourth Quarter Net Asset Value Per Class A Unit

Greenwich, CT, Feb. 29, 2024 (GLOBE NEWSWIRE) — Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of December 31, 2023 of $365.43 million or $100.88 per Class A unit. “Despite current challenges and uncertainties in the commercial real estate market, including higher interest rates, tighter lending conditions and increased construction costs, we are pleased to announce that our NAV remains relatively stable” said Brandon Lacoff, CEO of Belpointe OZ. NAV is not a measure used under accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV will differ from U.S. GAAP. You...

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Parex Resources Announces 2023 Full-Year Results & Reserves, Resumption of Northern Llanos Operations, and Declaration of Q1 2024 Dividend

CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2023, as well as the results of its independent reserves assessment as at December 31, 2023. Additionally, the Company announces that it has resumed full operations at its Capachos and Arauca Blocks in the Northern Llanos, as well as the declaration of its Q1 2024 regular dividend of C$0.375 per share. All amounts herein are in United States dollars (“USD”) unless otherwise stated. “In 2023, we achieved record production, successfully replaced 100% of PDP reserves, and delivered excellent safety performance – thanks to the collective efforts of the Parex team,” commented Imad Mohsen, President...

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Cox Energy, Coxabengoa’s Energy Division, Tripled Its Revenues During 2023 to 1,279 Million Mexican Pesos, With an EBITDA of More Than 350 Million Mexican Pesos

Consolidated EBITDA in 2023 closed at 350.5 million pesos, reporting a sales margin of over 27.0%. The company increased its revenues by 200% over the previous year, reporting a consolidated revenue for 2023 of 1,279.3 million MXN. The value of fixed assets as of December 31, 2023 was 5,408.5 million MXN, reflecting an increase of 4,174.3 million MXN versus 2022, mainly as a result of the acquisition operations carried out during 2023. Cox Energy at the close of 2023 had an advanced pipeline totaling 3.3GW of energy, with 57 projects in different stages of development, construction and operation, including 5 projects in operation totaling 383MW.MEXICO CITY, Feb. 29, 2024 (GLOBE NEWSWIRE) — Cox Energy, Coxabengoa’s energy division, recorded a 200% increase in revenues during 2023 compared to the previous year. This increase...

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Intuitive Machines Historic IM-1 Mission Success: American Ingenuity Never Gives Up

HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) — Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, today announced the completion of science and data transmission for all NASA and commercial payloads onboard Odysseus, the Nova-C class lunar lander, after the successful February 22 soft landing on the south pole region of the Moon. Intuitive Machines CEO Steve Altemus said, “Spaceflight’s unique challenges are conquered on Earth but mastered in space. Our now proven robust lunar program, a national asset, feeds directly into our second and third missions. This success drives our relentless pursuit of performance excellence to benefit the entire industry.” Intuitive Machines achieved these marquee accomplishments in the Company’s first attempt...

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LGI Homes Opens New Community in the Raleigh Market

The Ashley by LGI Homes at The Meadows at OxfordThe three-bedroom, two-and-a-half-bath Ashley showcases a fully loaded kitchen with stainless steel appliances, granite countertops and 36” upper cabinets with hardware.OXFORD, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) proudly announces the opening of The Meadows at Oxford, a new community offering brand-new, single-family homes in historic Oxford, NC. The Meadows at Oxford features a collection of thoughtfully designed homes that range in size from 1,182 square feet to 2,025 square feet with three to four bedrooms and two to two-and-a-half bathrooms. Every new home at The Meadows at Oxford offers a spacious family room, fully equipped kitchen, generously sized bedrooms, a finished two-car garage and an array of popular, included upgrades. Built...

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Black Diamond Reports Strong Fourth Quarter and Year-End Results and Declares Dividend

CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond”, the “Company” or “we”), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three months (the “Quarter”) and twelve months (“2023” or the “Year”) ended December 31, 2023 compared with the three months (the “Comparative Quarter”) and twelve months (“2022” or the “Prior Year”) ended December 31, 2022. All financial figures are expressed in Canadian dollars. Key Highlights from 2023Generated consolidated revenue of $393.5 million and Adjusted EBITDA¹ of $106.6 million for the Year, up 21% and up 27% from Prior Year, respectively. Consolidated...

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Middlesex Water Announces 2023 Year End Results

ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) — Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023. 2023 OPERATING RESULTS Consolidated operating revenues increased to $166.3 million for the year ended December 31, 2023, up $3.8 million from 2022. Factors affecting operating revenues were:A net $4.2 million increase in our Middlesex System revenues due to the implementation of the final phase of the 2021 base rate case increase on January 1, 2023 and additional revenues through the Purchase Water Adjustment Clause rate; A net decrease of $0.9 million in our Tidewater System revenues related to lower customer connection fees and lower weather driven customer demand along with a Delaware Public Service Commission ordered rate reduction in September...

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ThreeD Capital Inc. Releases Results For the Three and Six Months Ended December 31, 2023

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce its unaudited results as at and for the three and six months ended December 31, 2023. As at December 31, 2023, the Company had cash, investments and digital assets of $43.2 million. As at December 31, 2023, net asset value per share was $0.82 as compared to $0.79 as at June 30, 2023. (See “Use of Non-GAAP Financial Measures” elsewhere) Financial Highlights for the three and six months ending December 31, 2023 with comparatives:Operating Results Three months ended December 31, Six months ended December 31,    2023     2022     2023     2022  Net...

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Terra Firma Capital Corporation Appoints Seth Greenspan as President and CEO and Opens New Office in Toronto

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (“Terra Firma” or the “Company”) is pleased to announce the opening of its new corporate headquarters in Toronto, Canada, located at 970 Lawrence Avenue West, Suite 401. The opening of new offices, and the appointment of our new CEO, following its acquisition and privatization by Y. Dov Meyer and Seth Greenspan, through their holding company GM Capital Corporation (“GM Capital”) marks a significant milestone for Terra Firma. On October 27, 2023, GM Capital completed the $46 million acquisition and privatization of the Company. Under the leadership of the newly appointed President and Chief Executive Officer, Seth Greenspan, Terra Firma has already demonstrated its commitment to growth and innovation with three new transactions totaling USD $32 million since...

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SEACOR Marine Announces Fourth Quarter 2023 Results

HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter ended December 31, 2023. SEACOR Marine’s consolidated operating revenues for the fourth quarter of 2023 were $73.1 million, operating income was $22.6 million, and direct vessel profit (“DVP”)(1) was $29.8 million. This compares to consolidated operating revenues of $57.9 million, operating loss of $10.5 million, and DVP of $13.6 million in the fourth quarter of 2022, and consolidated operating revenues of $76.9 million, operating income of $9.8 million, and DVP of $36.8 million in the third quarter of 2023. Notable fourth quarter items include:26.2% improvement...

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