Month: February 2024

Range Announces Fourth Quarter Production and Pricing

Written by Customer Service on February 6, 2024. Posted in Public Companies.

FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day. In addition, Range realized $8.0 million in contingent derivative settlement gains in fourth quarter 2023. Production and Pricing Fourth quarter 2023 daily natural gas production averaged approximately 1,540 Mmcf per day. The average natural gas realization, including the impact of basis hedges, was $2.40 per mcf, a ($0.48) per mcf differential to NYMEX. The average natural gas price, including all settled hedges, was $2.68 per mcf. Fourth quarter 2023 daily NGL production averaged approximately 104,038 barrels per day. NGL realizations were $24.91 per barrel, approximately $2.42 above the...

Atmos Renewables Expands Contract with Fluence to Optimise 870 MW Renewables Portfolio in Australia

Written by Customer Service on February 6, 2024. Posted in Public Companies.

Utilising Fluence’s Mosaic™ AI-powered bidding software and Nispera™ asset performance management software, Atmos Renewables will unlock near real-time visibility into asset optimisation potential MELBOURNE, Australia, Feb. 07, 2024 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimisation software for renewables and storage, today announced the expansion of a contract with Atmos Renewables to optimise an 870 MW portfolio of wind and solar assets in Australia’s National Electricity Market (NEM). Atmos Renewables will deploy Fluence Nispera™ asset performance management (APM) software to optimise the operational performance of the portfolio of assets alongside its current use of Fluence Mosaic™ AI-powered bidding...

Weatherford Announces Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26% Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28% year-over-year; full year operating income of $820 million, increased 99% from prior year Fourth quarter net income of $140 million, a 10.3% margin, increased 14% sequentially and increased 94% year-over-year; full year net income of $417 million, an 8.1% margin, increased by 1,504% from prior year Fourth quarter adjusted EBITDA* of $321 million, a 23.6% margin, increased 5% and 34 basis points sequentially and 21% and 157 basis points year-over-year; full year adjusted EBITDA* of $1,186 million, a 23.1% margin, the highest in over 15 years, increased...

Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to August 5, 2024

Written by Customer Service on February 6, 2024. Posted in Public Companies.

New York, Feb. 06, 2024 (GLOBE NEWSWIRE) — Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“KRNL” or the “Company”), a special purpose acquisition company, announced today that its shareholders approved amendments to its charter and trust agreement to change the structure and cost of how KRNL can obtain extensions to the deadline to complete its initial business combination and that KRNL obtained the first of up to six 1-month extensions of the deadline – from February 5, 2024 to March 5, 2024. KRNL’s shareholders, at an extraordinary general meeting of its shareholders held on February 1, 2024, approved amendments to KRNL’s Amended and Restated Articles of Association (the “Charter Amendment”) and KRNL’s Investment Management Trust Agreement dated February 5, 2021 with Continental (the “Trust Agreement Amendment”)...

Key Tronic Corporation Announces Results for the Second Quarter of Fiscal Year 2024

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

Continued Growth in US-based Production; Improved Gross Margins; New Program Wins SPOKANE VALLEY, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 30, 2023. For the second quarter of fiscal year 2024, Key Tronic reported total revenue of $145.4 million, up 18% from $123.7 million in the same period of fiscal year 2023. Revenue growth for the second quarter of fiscal year 2024 was driven by increased production at the Company’s US-based and Vietnam-based facilities, as well as by the sale of approximately $8.1 million of inventory from a discontinued program. For the first six months of fiscal year 2024, total revenue was $293.2 million, up 12% from $261.0 million in the same period of fiscal...

FutureFuel Corp. Declares Quarterly Cash Dividend Program for 2024

Written by Customer Service on February 6, 2024. Posted in Dividend Reports And Estimates.

CLAYTON, Mo., Feb. 06, 2024 (GLOBE NEWSWIRE) — FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its 2023 quarterly dividend program, declaring normal quarterly cash dividends of U.S. $0.06 per share, with the following record and payment dates:Record Dates Payment DatesMarch 4, 2024 March 18, 2024June 4, 2024 June 18, 2024September 4, 2024 September 18, 2024December 4, 2024 December 18, 2024About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers (“custom chemicals”), as well as multi-customer specialty chemicals (“performance...

O-I Glass Reports Full Year and Fourth Quarter 2023 Results

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

Strong 2023 Performance Positions O-I Well for Volume Recovery; Transformative MAGMA Greenfield to be Deployed Mid-2024 PERRYSBURG, Ohio, Feb. 06, 2024 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the full year and fourth quarter ended December 31, 2023. Full Year 2023 Results Net Earnings (Loss) Attributable toTo the CompanyEarnings Per Share (Diluted) Earnings Before Income Taxes$M Cash Provided by Operating Activities$MFY23 FY22 FY23 FY22 FY23 FY22Reported ($0.67) $3.67 $67 $805 $818 $154 Adjusted EarningsEarnings Per Share (Diluted) Segment Operating Profit$M Free Cash Flow $MFY23 FY22 FY23 FY22 FY23 FY22Non – GAAP $3.09(Guidance: ~ $3.00) $2.30 $1,193 $960 $130(Guidance: $100-$150) $236“I’m pleased...

CSW Industrials Deploys Over $30 Million, Executing on Acquisition Strategy in HVAC/R and Plumbing End Markets, With Focus on Indoor Air Quality

Written by Customer Service on February 6, 2024. Posted in Mergers And Acquisitions.

Investment HighlightsCapital investment of $27.4 million for acquisition of Dust Free®, which offers an extensive line of patented products for residential and commercial indoor air quality and HVAC applications Valuation represents 7.5x Dust Free’s trailing twelve-months’ EBITDA, excluding future earn-outs, which if achieved would be incrementally accretive to CSWI Closed on two smaller acquisitions, totaling $2.9 million, in plumbing end market Expected to be accretive to earnings per share in the first full year of ownership $521MM of cumulative acquisition capital investment in the high-margin, high-growth Contractor Solutions segment since December 2020DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq: CSWI) today announced the strategic deployment of $30.3 million, excluding future earn-outs, upon...

American Assets Trust, Inc. Reports Fourth Quarter and Year End 2023 Financial Results

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

Net income available to common stockholders of $10.5 million and $50.4 million for the three months and year ended December 31, 2023, respectively, or $0.17 and $0.84 per diluted share, respectively. Funds from Operations (“FFO”) per diluted share increased 2% and 3% year-over-year for the three months and year ended December 31, 2023, respectively, to $0.57 and $2.40 per diluted share, respectively. Introducing 2024 annual guidance midpoint of $2.26 with a range of $2.19 to $2.33 of FFO per diluted share. SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its fourth quarter and year ended December 31, 2023. Fourth Quarter HighlightsNet income available to common stockholders of $10.5 million and $50.4 million for the three months...

Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter 2023 Results

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter and year ended December 31, 2023. Net income available to common stockholders per diluted share of common stock was $0.30 and $0.29 for the quarter and year ended December 31, 2023, respectively. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments and gain on extinguishment of debt per share of common stock were $0.36 and $0.36 and $1.09 and $1.69 for the quarter and year ended December 31, 2023, respectively. Commenting on 2023 performance, Stuart Rothstein, Chief Executive Officer and President of the Company, said: “Despite the challenging macro environment over the past year, ARI delivered...

Month: February 2024

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals