On Friday, Shares of National Oilwell Varco, Inc. (NYSE:NOV), gained 2.42% to $53.23.
National Oilwell Varco, will hold a conference call on Tuesday, July 28, 2015 at 8:00 am (Central Time) to talk about results for the second quarter of 2015. A press release with financial results for the quarter will be issued that morning preceding to the call.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The company’s Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.
Shares of Williams Companies, Inc. (NYSE:WMB), inclined 2.49% to $50.94, during its last trading session.
Williams Partners, declared unaudited financial results for first quarter 2015, during which time Williams Partners and Access Midstream Partners, L.P. (formerly NYSE: ACMP) merged to form one master limited partnership (MLP). Financial information for periods preceding to July 2014 – when Williams (WMB) attained control of Access Midstream – represents pre-merger Williams Partners and excludes Access Midstream.
Williams Partners stated first quarter 2015 adjusted EBITDA of $917 million, a $149 million, or 19 percent, enhance from first quarter 2014.
The enhance in adjusted EBITDA for first quarter 2015 is due primarily to the contribution of about $314 million of adjusted EBITDA from Access Midstream as a result of the merger, $69 million higher adjusted EBITDA for the Atlantic-Gulf, and $46 million higher adjusted EBITDA from Northeast G&P. Partially offsetting these enhances were a $229 million decrease at NGL & Petchem Services due primarily to $173 million of business interruption proceeds comprised of in adjusted EBITDA in 2014 and a $50 million decrease in the West due to lower NGL margins.
The enhance in adjusted EBITDA in first quarter 2015 was also driven by $490 million, or 66 percent, higher fee-based revenues contrast with first quarter 2014. The merger with Access Midstream contributed $369 million and Atlantic-Gulf and Northeast G&P improved $79 million and $43 million, respectively. Not taking into account the Access Midstream merger, Williams Partners first-quarter 2015 fee-based revenue was up $121 million, or 16 percent. Additionally, the proportional EBITDA from non-merged joint ventures raised $90 million for first quarter 2015 as compared to first quarter 2014, primarily from the addition of Access Midstream’s joint ventures.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
At the end of Friday’s trade, Shares of Philip Morris International, Inc. (NYSE:PM), gained 1.40% to $85.19.
Philip Morris International, held its 2015 Annual Meeting of Shareholders recently. Louis C. Camilleri, Chairman of the Board, addressed shareholders and answered questions. André Calantzopoulos, Chief Executive Officer, gave the business presentation, which comprised of an overview of PMI’s strong momentum, the exciting prospects for its Reduced-Risk Products portfolio and its commitment to returning cash to shareholders.
The company reaffirmed its 2015 full-year stated diluted earnings per share (EPS) forecast to be in a range of $4.32 to $4.42, as compared to $4.76 in 2014, as formerly declared on April 16, 2015.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
Finally, CVS Health Corporation (NYSE:CVS), ended its last trade with 1.31% gain, and closed at $100.66.
CVS Health Corporation, declared that executives from the company will present at two investor conferences in the month of May. Jon Roberts, executive vice president and president of CVS/caremark, will be speaking to investors at the 2015 Bank of America Merrill Lynch Health Care Conference on May 13, 2015, at about 11:40 a.m. EDT. Larry Merlo, president and chief executive officer, will be speaking to investors at the UBS Global Healthcare Conference on May 20, 2015, at about 9:30 a.m. EDT.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. The Pharmacy Services segment offers pharmacy benefit administration services, such as plan design and administration, formulary administration, Medicare Part D services, mail order and specialty pharmacy services, retail pharmacy network administration services, prescription administration systems, clinical services, disease administration programs, and medical pharmacy administration services.
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