Month: May 2024

~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter of 2024 and reiterated its operational and financial guidance for the full year of 2024. First Quarter 2024 HighlightsSales of 13,394 barrels of oil per day (“Bo/d”), exceeding high end of the Company’s guidance by 5%;Total sales volumes of 19,034 barrels of oil equivalent per day (“Boe/d”) (70% oil), exceeding high end of guidance by 3%;Reported net income of $5.5 million, or $0.03 per diluted share, which included a before-tax loss on...

CALGARY, Alberta, May 06, 2024 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2024. President’s Message$74 million in revenue; $54 million in funds from operations ($0.36/share) (1); $41 million in dividends paid ($0.27/share); 14,714 boe/d total production (63% oil and NGL and 37% natural gas);9,593 boe/d in Canada (56% oil and NGL and 44% natural gas); 5,121 boe/d in the U.S. (78% oil and NGL and 22% natural gas); and$54.81/boe average realized price ($69.19/boe in the U.S. and $47.13/boe in Canada).Our North American portfolio continues to attract drilling activity with 300 gross (6.4 net) wells drilled on our royalty lands in Q1-2024, a 15% increase over the previous quarter. Leasing of our mineral title lands continues to...

Achieved double-digit growth in sepsis product revenue and reduced debt by approximately 80% compared to the prior year period LEXINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) (the “Company”), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced unaudited financial and operational results for the first quarter ended March 31, 2024. Recent Financial and Operational HighlightsAchieved first quarter 2024 sepsis product revenue of $2.1 million, representing growth of 25% compared to the prior year period and sequential growth of 23% compared to the fourth quarter of 2023, led by T2Candida Panel sales and strong T2Resistance Panel sales internationally. Executed contracts for 8 T2Dx® Instruments during the first quarter, including 5 T2Dx Instruments...

Increased Net Sales 6.2 percent to $353.4 Million Reported Net Income per Diluted Share of $0.28 Achieved Record Adjusted Net Income per Diluted Share of $0.30 Raises Annual Guidance for Net Sales and Adjusted EBITDA Company Also Today Announced Update on Leadership Team and Board Refreshment ATLANTA, May 06, 2024 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its 2024 second quarter ended March 31, 2024. In the second quarter of 2024, the Company:Delivered net sales of $353.4 million, a 6.2 percent increase as compared with $332.9 million in the prior year quarter Reported operating income of $63.5 million as compared with $32.9 million in the prior year quarter and increased adjusted operating income 98.5 percent to $66.7 million as compared with $33.6 million in the prior year quarter Reported...

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced its first quarter 2024 financial and operating results. The Company will host an investor and analyst call on May 7, 2024, details of which are provided below. The Company has a 70% interest in the Los Gatos Joint Venture (“LGJV”), which in turn owns the Cerro Los Gatos (“CLG”) mine in Mexico. Production for the first quarter of 2024 was previously disclosed on April 9, 2024. The Company’s reporting currency is US dollars. Dale Andres, CEO said: “During the first quarter we continued to add cash to the balance sheet mainly because of the previously disclosed strong operational performance at the LGJV. All-in sustaining cost (“AISC”) per silver ounce was at the lower end of 2024 guidance...

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) — Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2024.   First Quarter Results Net income was $4.4 million, a $0.7 million, or 19.1%, increase compared to net income recorded during the three months ended March 31, 2023. Diluted net income per share increased 10.3% to $0.43, compared to $0.39 for the same period in 2023. Revenues totaled $24.5 million for the three months ended March 31, 2024, $2.0 million, or 9.1%, more than revenues for the three months ended March 31, 2023. Water sales revenue increased $1.8 million, or 10.0%, primarily as a result of a net 7.5% temporary water rate increase placed...

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended March 31, 2024 Financial Results NET LOSS attributable to common shareholders for the quarter ended March 31, 2024 was $9,034,000, or $0.05 per diluted share, compared to net income attributable to common shareholders of $5,168,000, or $0.03 per diluted share, for the prior year’s quarter. FUNDS FROM OPERATIONS (“FFO”) attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended March 31, 2024 was $104,129,000, or $0.53 per diluted share, compared to $119,083,000, or $0.61 per diluted share, for the prior year’s quarter. Adjusting for the items that impact period-to-period comparability listed in the table below, FFO attributable to common shareholders plus assumed conversions,...

For the quarter ended March 31, 2024Net sales of $1.326 billion, down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be down 25% sequentially. On a GAAP basis: gross profit of 59.6%; operating income of $253.5 million and 19.1% of net sales; net income of $154.7 million; and EPS of $0.28 per diluted share. Our guidance provided on February 1, 2024 was for GAAP EPS of $0.13 to $0.32 per diluted share. On a Non-GAAP basis: gross profit of 60.3%; operating income of $436.0 million and 32.9% of net sales; net income of $310.3 million and EPS of $0.57 per diluted share. Our guidance provided on February 1, 2024 was for Non-GAAP EPS of $0.46 to $0.68 per diluted share. Returned a record $629.9 million to shareholders in the March quarter through dividends of $242.5...