On Thursday, Shares of SandRidge Energy Inc. (NYSE:SD), inclined 8.33% to $0.780, during its last trading session.
SandRidge Energy, will release its 2015 second quarter shareholder update and financial results after the close of trading on the New York Stock Exchange on Wednesday, August 5, 2015.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
At the end of Wednesday’s trade, Shares of The Container Store Group, Inc. (NYSE:TCS), lost -1.39% to $17.68.
The Container Store Group, declared financial results for the first quarter of fiscal 2015 ended May 30, 2015.
Company comparable store sales for the first quarter of fiscal 2015 were down 0.9% contrast to first quarter of fiscal 2014, surpassing the Company’s stated outlook for the first quarter of down 3% to 4%. Not taking into account lost sales due to West Coast port delays, estimated at 1 percentage point, comparable store sales would have been about flat for the quarter.
- Merged net sales were $169.8 million, down 2.1%; however, merged net sales were up 0.9% after converting Elfa’s net sales results from Swedish krona to U.S. dollars using the preceding year’s conversion rate for both periods. Due to the strengthening of the U.S. dollar against the Swedish krona, the conversion of Elfa’s net sales into U.S. dollars resulted in a reduction of about $5.2 million for the quarter.
- The Company exceeded its stated outlook for the first quarter of ($0.12) to ($0.14) per share with a net loss of ($0.11) per share or $5.2 million in the first quarter of fiscal 2015 contrast to a net loss of $3.6 million or ($0.07) per share for the first quarter of fiscal 2014. Net loss of about ($0.03) per share for the first quarter of 2015 is attributable to spend for key planned initiatives and lost sales due to the West Coast port delays. The Company’s first quarter historically represents about 20% of its sales and also typically generates a net loss.
- The Company opened its first of 10 planned stores for fiscal 2015 – in Tucson, AZ – to end the quarter with 71 stores and is on track to achieve its targeted 12% square footage growth for fiscal 2015.
The Container Store Group, Inc. engages in the retailing of storage and organization products in the United States. It operates in two segments, TCS and Elfa. The company’s retail stores provide various lifestyle products, counting bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, in addition to elfa branded products.
Finally, BreitBurn Energy Partners L.P. (NASDAQ:BBEP), ended its last trade with 4.09% gain, and closed at $4.41.
Breitburn Energy Partners, declared a cash distribution of $0.04166 per common unit for the first month attributable to the second quarter of 2015, payable on July 17, 2015, to record holders of its common units at the close of business on July 14, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis.
Breitburn also declared distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (BBEPP) and 8.0% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on August 17, 2015, to record holders of its Series A Units at the close of business on July 31, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. Breitburn has elected to pay the distribution on the Series B Units in kind by issuing additional Series B Units instead of paying a cash distribution. A distribution of 0.006666 PIK unit per Series B Unit is payable on July 15, 2015, to record holders of Series B Units at the close of business on June 30, 2015.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States.
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