On Friday, Shares of Methanex Corporation (USA) (NASDAQ:MEOH), lost -2.18% to $45.34.
Methanex, stated Adjusted EBITDA of $129 million and Adjusted net income of $51 million ($0.56 per share on a diluted basis1). This compares with Adjusted EBITDA of $97 million and Adjusted net income1 of $21 million ($0.23 per share on a diluted basis1) for the first quarter of 2015. Net income attributable to Methanex shareholders was $104 million in the second quarter contrast to $9 million in the first quarter of 2015.
John Floren, President and CEO of Methanex commented, “Our second quarter Adjusted net income reflects higher average realized methanol pricing contrast to the first quarter of 2015. Prices raised as the margins for most methanol energy applications improved relative to the first quarter, in alignment with higher oil and related product prices. These energy applications, especially methanol-to-olefins, have continued to drive growth in demand for our product. The higher average realized pricing in Q2 was partially offset by lower produced product sales volume relative to the first quarter. Net income attributable to Methanex shareholders of $104 million in the second quarter of 2015 comprises a $57 million after tax gain related to the termination of a terminal services agreement.”
Methanex Corporation produces and supplies methanol in the Asia Pacific, North America, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market.
Shares of Tutor Perini Corp (NYSE:TPC), declined -15.25% to $17.01, during its last trading session.
Tutor Perini Corporation, stated results for the second quarter of 2015.
Second-Quarter and Six-Month Results
Revenues were $1,312.4 million and $2,378.9 million for the three and six months ended June 30, 2015 contrast to $1,084.5 million and $2,039.7 million for the same periods in 2014. Income from construction operations was $30.9 million and $51.0 million for the three and six months ended June 30, 2015 contrast to $65.4 million and $106.9 million for the same periods in 2014. Net income for the three and six months ended June 30, 2015 was $11.8 million and $16.9 million contrast to $28.5 million and $44.5 million for the same periods in 2014. Basic and diluted earnings per share (EPS) were both $0.24 for the three months ended June 30, 2015 contrast to basic and diluted EPS of $0.59 and $0.58 for the same period in 2014. Basic and diluted EPS were $0.35 and $0.34 for the six months ended June 30, 2015 contrast to basic and diluted EPS of $0.92 and $0.91 for the same period in 2014.
Tutor Perini Corporation provides diversified general contracting, construction administration, and design-build services to private customers and public agencies worldwide.
At the end of Friday’s trade, Shares of Honda Motor Co Ltd (ADR) (NYSE:HMC), lost -0.90% to $35.25.
Honda Motor Co., declared its merged financial results for the fiscal first quarter ended June 30, 2015.
First Quarter Results
Honda’s merged profit for the period attributable to owners of the parent for the fiscal first quarter ended June 30, 2015 totaled JPY 186.0 billion (USD 1,519 million), an enhance of 19.6% from the same period last year. Earnings per share attributable to owners of the parent for the quarter amounted to JPY 103.22 (USD 0.84), an enhance of JPY 16.88 (USD 0.14) from JPY 86.34 for the corresponding period last year. One Honda American Depository Share represents one common share.
Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power product and Other Businesses.
Finally, ONEOK, Inc. (NYSE:OKE), ended its last trade with -2.80% loss, and closed at $34.32.
ONEOK declared second-quarter 2015 financial results.
SECOND-QUARTER AND YEAR-TO-DATE 2015 FINANCIAL HIGHLIGHTS
“As the pure-play general partner of ONEOK Partners, ONEOK’s second-quarter results benefited from raised natural gas liquids (NGL) and natural gas volumes at ONEOK Partners,” said Terry K. Spencer, president and chief executive officer of ONEOK. “ONEOK Partners anticipates noteworthy volume growth in the second half of the year. With the first half of 2015 complete, we have raised confidence the partnership will reach its natural gas gathering and processing volume guidance expectations, and we expect ONEOK to be within its 2015 financial guidance ranges as well.
“Sustained low commodity prices continued in the first half of 2015 and influenced our financial results,” continued Spencer. “However, we remain focused on making prudent financial decisions that will benefit ONEOK shareholders for the long term. Our balance sheet remains strong, allowing us flexibility during the current market conditions.”
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.
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