On Tuesday, SandRidge Permian Trust (NYSE:PER)’s shares declined -5.08% to $6.91.
SANDRIDGE PERMIAN TRUST (PER) declared a quarterly distribution for the three-month period ended June 30, 2015 (which primarily relates to production attributable to the Trust’s interests from March 1, 2015 through May 31, 2015) of $16.7 million, or $0.423 per Common Unit. The Trust makes distributions on a quarterly basis about 60 days after the end of each quarter. The distribution is predictable to occur on or before August 28, 2015 to holders of record as of the close of business on August 14, 2015.
During the three-month production period ended May 31, 2015, total sales volumes were lower than initial Trust estimates and the previous period and oil, natural gas and natural gas liquids (“NGL”) practiced volatile pricing. The period’s lower total sales volumes and low commodity prices were partially offset by net cash settlements received under the derivatives agreement of about $5.5 million. Although production attributable to March 2015 was supported by hedging arrangements, no such arrangements are in place for production attributable to periods after March 31, 2015. Additionally, as no additional development wells will be drilled, the Trust’s production is predictable to decline each quarter during the remainder of its life.
SandRidge Permian Trust holds royalty interests in oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of about 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Austin, Texas.
ADT Corp (NYSE:ADT)’s shares dropped -1.96% to $33.45.
The ADT Corporation (ADT), a leading provider of security and automation solutions for homes and businesses, recently declared that Chief Financial Officer Michael Geltzeiler will take part in the 2015 Oppenheimer Technology, Internet & Communications Conference on Wednesday, August 12, 2015 at the Four Seasons Hotel in Boston.
The ADT Corporation provides monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. The company’s monitored security and home/business automation offerings comprise the installation and monitoring of residential and business security, and premises automation systems designed to detect intrusion, control access and react to movement, smoke, carbon monoxide, flooding, temperature, and other environmental conditions and hazards, in addition to to address personal emergencies, such as injuries, medical emergencies, or incapacitation. It also provides various alternate and back-up alarm transmission methods, counting cellular and broadband Internet; monitoring center supported personal emergency response system products and services; and customer service for maintenance and the installation of upgraded or additional equipment.
At the end of Tuesday’s trade, ICU Medical, Incorporated (NASDAQ:ICUI)‘s shares surged 18.23% to $119.50.
ICU Medical, Inc., (ICUI) a leader in the development, manufacture and sale of innovative medical devices used in infusion therapy, oncology and critical care applications, declared financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Results
Second quarter 2015 revenue was $83.8 million, contrast to $78.7 million in the same period last year. GAAP net income for the second quarter of 2015 was $13.6 million, or $0.83 per diluted share, as contrast to GAAP net income of $5.9 million, or $0.38 per diluted share, for the second quarter of 2014. Adjusted diluted earnings per share for the second quarter of 2015 was $0.97 as contrast to $0.51 for the second quarter of 2014. Also, adjusted EBITDA was $28.1 million for the second quarter of 2015 as contrast to $16.3 million for the second quarter of 2014.
ICU Medical, Inc. develops, manufactures, and sells medical devices used in infusion therapy, oncology, and critical care applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient’s vein for use in hospitals and ambulatory clinics.
DTE Energy Co (NYSE:DTE), ended its Tuesday’s trading session with 0.64% gain, and closed at $81.16.
DTE Energy’s renewable energy facilities have become even greener, after receiving ISO 14001 certification for enhancing their environmental administration systems.
The company’s six fully-owned wind parks and 20 solar energy projects joined 35 other DTE Energy facilities that have earned the international certification.
ISO 14001 certification promotes sustainability by providing a framework for managing environmental impacts and continuously improving its systems at industrial or commercial facilities. The standard is effective because it involves every aspect of a facility’s activities that can affect the environment. Periodic reviews of the system by a third party after certification ensure that the system continues to be effective.
DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to about 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, in addition to wind and other renewable assets. This segment owns and operates about 675 distribution substations; and about 432,900 line transformers.
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