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Tuesday 18 August 2015
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Active Stocks News Buzz: KBR, Inc.b (NYSE:KBR), ONEOK, Inc. (NYSE:OKE), Cablevision Systems Corporation (NYSE:CVC)

On Tuesday, Shares of KBR, Inc.b (NYSE:KBR), lost -0.42% to $18.89.

KBR, declared that its Board of Directors has declared a quarterly cash dividend of eight cents ($0.08) per share on the Company`s common stock, par value $0.001 per share, to be paid on October 15, 2015 to stockholders of record on September 15, 2015.

KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.

At the end of Tuesday’s trade, Shares of ONEOK, Inc. (NYSE:OKE), gained 0.95% to $36.04.

ONEOK Partners declared second-quarter 2015 financial results.

Second-quarter 2015 results raised, contrast with the second quarter 2014, due primarily to higher natural gas and natural gas liquids volumes at ONEOK Partners (OKS).

Variances in financial performance in the first six months of 2015, contrast with the same period in 2014, are primarily a reflection of significantly higher weather-related seasonal demand in the Midwest, resulting in higher prices for propane and natural gas, due to severely cold weather during the first quarter 2014 and sustained lower commodity prices through the first half of 2015.

Enhances in second-quarter 2015 operating income reflect:

  • Higher NGL exchange-services volumes from recently connected natural gas processing plants in the Williston Basin, Powder River Basin and Mid-Continent regions, and additional revenues from minimum volume obligations;
  • Higher NGL transportation margins, primarily from the acquisition of the West Texas LPG pipeline system; and
  • Higher margins due to changes in contract mix and higher natural gas volumes gathered, processed and sold, and higher NGL volumes sold, in the natural gas gathering and processing segment; offset partially by
  • Lower net realized NGL, natural gas and condensate prices.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States.

Finally, Cablevision Systems Corporation (NYSE:CVC), ended its last trade with -3.73% loss, and closed at $25.45.

Cablevision Systems Corporation stated financial results for the second quarter ended June 30, 2015.

Second quarter merged net revenues raised 1.6% to $1.653 billion, merged adjusted operating cash flow (“AOCF”) reduced 2.7% to $474.3 million and merged operating income reduced 4.5% to $244.5 million, all contrast with the preceding year period.

Operating highlights for the second quarter include:

  • Improved subscriber performance with largest quarterly gains in both customer relationships and high-speed data, in more than two years.
  • Average Monthly Cable Revenue per Customer (“RPC”) of $158.52, an enhance of $5.80 or 3.8%, contrast with the preceding year period.
  • Year to date Merged Free Cash Flow from Ongoing Operations of $207.3 million.

Cablevision Systems Corporation, together with its auxiliaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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