On Monday, Shares of WPX Energy, Inc. (NYSE:WPX), gained 2.05% to $13.93.
WPX Energy, declared it signed a contract to sell a package of Marcellus Shale marketing contracts and release certain related firm transportation capacity to an unrevealed buyer for in excess of $200 million cash.
The sale comprises various long-term natural gas purchase and sales agreements, together with 135 million Btu per day of firm transportation capacity on Transco’s Northeast Supply Link project.
This is WPX’s second transaction monetizing its holdings in the Marcellus Shale. Earlier this year, WPX accomplished a $300 million sale of its Northeast Pennsylvania assets.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
At the end of Monday’s trade, Shares of Hudson City Bancorp, Inc. (NASDAQ:HCBK), jumped 2.05% to $9.47.
Hudson City Bancorp, stated net income of $5.9 million for the quarter ended March 31, 2015 as contrast to net income of $42.5 million for the quarter ended March 31, 2014. Diluted earnings per share amounted to $0.01 for the quarter ended March 31, 2015 as contrast to diluted earnings per share of $0.09 for the quarter ended March 31, 2014.
The Company’s Board of Directors (the “Board”) did not declare a dividend for the first quarter of 2015. The Board made this decision after considering the level of earnings for the first quarter, the importance of paying dividends out of current earnings and the regulatory evaluation of any dividend request. The Company is required to seek regulatory approval preceding to declaring a dividend.
Denis J. Salamone, Chairman and Chief Executive Officer, commented, “This has certainly been a challenging quarter for us. The latest unpredictable delay in the Merger contributed to the first quarter’s weak earnings. We believe future earnings can be improved significantly in the short-term by a balance sheet restructuring and in the longer-term by execution of the other planned initiatives. However, both of these actions are complicated by the pendency of the Merger.”
Mr. Salamone continued, “We firmly believe that the M&T transaction remains financially attractive to Hudson City’s shareholders, and that ongoing to pursue completion is in the best interest of Hudson City and the communities we serve. As a result, we remain committed to the Merger. Assuming market conditions remain stable, we anticipate additional margin compression during the pendency of the Merger, but securities gains that are more in-line with those of the fourth quarter of 2014.”
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
Darling Ingredients Inc. (NYSE:DAR), ended its last trade with 2.04% gain, and closed at $13.98.
Darling Ingredients, stated financial results for the fourth quarter and fiscal year ended January 3, 2015.
Net sales for the fourth quarter of 2014 raised to $1.0 billion, contrast with $447.9 million in the same period of 2013, attributable to newly attained operations in first quarter of 2014. Operating income in the fourth quarter of 2014 was $39.7 million, contrast with $18.5 million for the same period of 2013.
Fourth quarter 2014 net income attributable to Darling was $69.9 million, or $0.42 per diluted share, contrast with net income of $22.5 million, or $0.18 per diluted share, in the fourth quarter of 2013. For the fourth quarter of fiscal 2014, the Company generated Adjusted EBITDA of $108.7 million, as contrast to $50.2 million in the same period in 2013. The enhance was primarily attributable to the inclusion of the blender’s tax credit from the DGD Joint Venture and our newly attained operations. On a Pro Forma Adjusted EBITDA basis, the Company would have generated $111.1 million in the fourth quarter 2014, as contrast to a Pro Forma Adjusted EBITDA of $64.4 million in the same period in 2013.
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
Finally, M&T Bank Corporation (NYSE:MTB), closed at $121.72, with 2.04% gain.
M&T Bank Corporation, declared that it has declared quarterly cash dividends of $15.9375 per share on each of its Series A (NYSE:MTBPr) and Series C (NYSE:MTBPrC) preferred stock. The dividends will be payable May 15, 2015 to shareholders of record at the close of business on May 4, 2015.
M&T Bank Corporation, a bank holding company, provides commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash administration, and other financial services to small businesses and professionals.
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