On Tuesday, Shares of Real Goods Solar, Inc. (NASDAQ:RGSE), loss -3.53% to $0.22.
Real Goods Solar, will hold a conference call on Monday, May 11, 2015 at 4:30 p.m. Eastern time to talk about results for the first quarter ended March 31, 2015. The financial results will be issued in a press release preceding to the call.
Real Goods Solar, Inc. operates as a residential and commercial solar energy engineering, procurement, and construction company in the United States. It operates in three segments: Residential, Sunetric, and Other.
Shares of ON Semiconductor Corp. (NASDAQ:ON), declined -3.52% to $12.06, during its last trading session.
ON Semiconductor, declared that total revenues in the first quarter of 2015 were $870.8 million, up about one percent contrast to the fourth quarter of 2014. During the first quarter of 2015, the company stated GAAP net income of $55.1 million, or $0.13 per diluted share. The first quarter 2015 GAAP net income was negatively influenced by about $32.0 million of special items, details of which can be found in the attached plans.
Total company GAAP and non-GAAP gross margin in the first quarter was 34.5 percent. For the first quarter of 2015, GAAP operating margin was 7.9 percent, and non-GAAP operating margin was 11.5 percent.
Adjusted EBITDA for the first quarter of 2015 was $155.9 million. Adjusted EBITDA for the fourth quarter of 2014 was $143.2 million. During the first quarter, the company repurchased about 8.6 million shares of common stock for about $97 million.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
At the end of Tuesday’s trade, Shares of Rex Energy Corporation (NASDAQ:REXX), dipped -3.52% to $4.94.
Rex Energy Corporation, declared its first quarter 2015 operational and financial results.
First Quarter Financial Results
Operating revenues from ongoing operations for the three months ended March 31, 2015 were $54.1 million. Commodity revenues, counting settlements from derivatives, were $64.7 million with commodity revenues from oil and natural gas liquids (NGLs), counting settlements from derivatives, representing 48% of total commodity revenues for the three months ended March 31, 2015.
Counting the effects of cash settled basis differential derivatives, the company’s basis differential for its Appalachian Basin assets averaged about ($0.49) off the average Henry Hub settlement price of $2.98 for the three months ended March 31, 2015.
LOE from ongoing operations was $29.1 million, or $1.65 Mcfe for the first quarter of 2015, a 9% decrease from the first quarter of 2014. Cash G&A expenses from ongoing operations, a non-GAAP measure, were $6.7 million for the first quarter of 2015, a 47% decrease on a per unit basis from the first quarter of 2014. The decrease in per unit cash G&A expense is a result of a reduction in workforce and other cost reduction measures.
Net loss attributable to common shareholders for the three months ended March 31, 2015 was $20.2 million, or $0.38 per basic share. Adjusted net loss, a non-GAAP measure, for the three months ended March 31, 2015 was $5.7 million, or $0.11 per share.
EBITDAX from ongoing operations, a non-GAAP measure, was $29.3 million for the first quarter of 2015.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Finally, Cobalt International Energy, Inc. (NYSE:CIE), ended its last trade with -3.50% loss, and closed at $10.21.
Cobalt International Energy, declared a net loss of $82 million, or $0.20 per basic and diluted share for the first quarter of 2015, contrast to a net loss of $57 million, or $0.14 per basic and diluted share, for the first quarter of 2014. The current quarter comprised of $17 million of impairment charges for the formerly declared abandonment of the North Platte #2 appraisal well.
Capital and operating expenditures (not taking into account changes in working capital) for the quarter ending March 31, 2015 were about $191 million, in line with our planned capital and operating expenditures of about $800-900 million in 2015. Cash, cash equivalents, and investments at the end of the first quarter were about $2.1 billion. This comprises about $105 million held for future operations in collateralizing letters of credit.
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico.
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