On Friday, Shares of J. C. Penney Company, Inc. (NYSE:JCP), gained 3.03% to $8.50.
J.C. Penney Company, declared that it will release its first quarter 2015 financial results on Wednesday, May 13, at 4:00 p.m. ET. The news release will be followed by a live conference call and webcast conducted by Chief Executive Officer Mike Ullman, President and CEO-Designee Marvin Ellison and Chief Financial Officer Ed Record that will start at 4:30 p.m. ET.
J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Shares of NRG Energy, Inc. (NYSE:NRG), inclined 5.73% to $26.40, during its last trading session.
NRG Energy, stated a record first quarter Adjusted EBITDA of $840 million in its first quarter 2015 financial results, with $552 million from NRG Business and NRG Renew combined, $166 million from NRG Home, and $122 million from NRG Yield. First quarter adjusted cash flow from operations totaled $525 million. Net loss for first quarter 2015 was $120 million, or $0.37 per diluted common share contrast to net loss of $56 million, or $0.18 per diluted common share for first quarter 2014.
First Quarter Adjusted EBITDA was $535 million; $60 million lower than in first quarter 2014. Drivers of the $60 million decrease were as follows:
- East Region: ($158 million) due to lower generation and lower average realized energy and capacity prices, but partially offset by a $62 million contribution from the EME coal assets attained on April 1, 2014.
- West Region: ($27 million) due to a change in contracted volumes and reduced pricing for certain capacity contracts.
- Offset by Gulf Coast Region: $51 million enhance due to higher realized energy margins.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services.
At the end of Friday’s trade, Shares of Chevron Corporation (NYSE:CVX), gained 1.00% to $108.65.
Chevron Corporation, stated earnings of $2.6 billion ($1.37 per share – diluted) for first quarter 2015, contrast with $4.5 billion ($2.36 per share – diluted) in the 2014 first quarter. Foreign currency effects raised earnings in the 2015 quarter by $580 million, contrast with a decrease of $79 million a year earlier.
Recent upstream milestones comprise:
- Australia – Achieved introduction of fuel gas and start-up of the first gas turbine generator at the Gorgon LNG plant.
- Australia – Accomplished installation of Wheatstone platform topsides.
- Australia – Declared a natural gas discovery, Isosceles-1, in the Carnarvon Basin in 50 percent-owned Block WA-392-P.
- Bangladesh – Achieved first liquids from the Bibiyana Expansion Liquid Recovery Unit.
- United States – Declared a joint venture to explore and appraise 24 jointly held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.
- United States – Ramped up oil-equivalent production at Jack/St. Malo in the deepwater Gulf of Mexico to more than 70,000 barrels per day.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
Finally, Kinder Morgan, Inc. (NYSE:KMI), ended its last trade with 0.87% gain, and closed at $43.03.
Kinder Morgan, declared it received approval from the Federal Energy Regulatory Commission (FERC) regarding the rates, terms and conditions of service for the projected Palmetto Pipeline on May 1, 2015.
As an example, the company estimates that the potential savings for southeastern consumers could be as high as 6 cents per gallon once Palmetto is in service as compared to current trucking or marine transportation.
The projected Palmetto Pipeline will enable refined petroleum products to be transported from Baton Rouge, Louisiana, Collins and Pascagoula, Mississippi, and Belton, South Carolina, to North Augusta, South Carolina, Savannah, Georgia, and Jacksonville, Florida. The system will have a design capacity of up to 167,000 barrels per day and will comprise of a segment of expansion capacity that Palmetto will lease from Plantation Pipe Line Company between Baton Rouge, Louisiana, and Belton, South Carolina. A new 360-mile pipeline from Belton, South Carolina, to Jacksonville, Florida, will also be constructed as part of the system. Pipelines are the safest and most environmentally sound way to transport refined products, and Kinder Morgan’s safety and environmental performance is significantly better than the pipeline industry average.
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. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; and natural gas liquids fractionation facilities and transportation systems.
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