On Tuesday, Shares of Kinder Morgan, Inc. (NYSE:KMI), gained 1.20% to $32.89.
Kinder Morgan declared it is expanding its growing fleet of Jones Act product tankers and has signed a definitive agreement valued at an all-in price of $568 million with Philly Tankers LLC to take assignment of contracts for the construction of four, new 50,000-deadweight-ton, Tier II tankers to be constructed at the Aker Philadelphia Shipyard in Philadelphia, Pennsylvania. The transaction requires approval of shareholders holding 80 percent of the shares of Philly Tankers AS. Philly Tankers AS is the parent of Philly Tankers LLC. Shareholders accounting for over 85 percent of Philly Tankers AS’ outstanding shares have already entered into irrevocable voting undertakings approving the transaction. An extraordinary general meeting of the shareholders of Philly Tankers AS will be planned in August 2015 for formal shareholder approval of the transaction.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Shares of VEREIT, Inc. Common Stock (NYSE:VER), inclined 1.39% to $8.78, during its last trading session.
VEREIT declared its operating results for the three months ended June 30, 2015, details on its business plan and enhancements to its corporate governance.
Second Quarter 2015 Merged Financial Results
Revenue: Merged revenue for the quarter ended June 30, 2015 raised $11.5 million to $393.7 million as contrast to revenue of $382.2 million for the same quarter in 2014.
Net Loss: Merged net loss for the quarter ended June 30, 2015 raised $52.1 million to $(108.7) million as contrast to a net loss of $(56.6) million for the same quarter in 2014.
Normalized EBITDA: Merged normalized EBITDA for the quarter ended June 30, 2015 raised $17.6 million to $309.3 million as contrast to normalized EBITDA of $291.7 million for the same quarter in 2014.
VEREIT is a leading, full-service real estate operating company with investment administration capability. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $19.2 billion counting about 4,645 properties totaling 101.8 million square feet.
Finally, Applied Micro Circuits Corporation (NASDAQ:AMCC), ended its last trade with -3.41% loss, and closed at $6.37.
Applied Micro Circuits Corporation is planned to present at the Oppenheimer Technology, Internet & Communications Conference in Boston, MA, on Wednesday, August 12th, 2015.
Applied Micro Circuits Corporation provides silicon solutions for next-generation cloud infrastructure and data centers; and connectivity products for edge, metro, and long haul communications equipment in the United States and internationally.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
