On Friday, Westar Energy Inc (NYSE:WR)’s shares inclined 1.27% to $39.74.
Westar Energy, Inc. (WR) declared earnings of $64 million, or $0.47 per share, for the second quarter 2015 contrast with earnings of $53 million, or $0.41 per share, for the second quarter 2014. Earnings for the six months ended June 30, 2015 were $115 million, or $0.85 per share, contrast with $122 million, or $0.95 per share, for the same period in 2014.
Higher net income for the three months ended June 30, 2015 was driven by lower operating and maintenance costs at the company`s power plants and higher COLI income. The lower expenses and higher COLI income were offset by a decrease in retail sales due largely to mild weather contrast with last year and a $3 million estimated refund obligation for transmission revenue.
Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas. The company has 7,200 megawatts of electric generation capacity producing electricity through various fuel types, counting coal, uranium, natural gas, diesel, wind, and landfill gas. It sells electricity retail to residential, commercial, and industrial customers, in addition to for lighting public streets and highways; and electricity wholesale to electric cooperatives, municipalities, other electric utilities, and regional transmission organizations.
LinnCo LLC (NASDAQ:LNCO)’s shares dropped -3.70% to $3.12.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable August 18, 2015, to unitholders of record as of the close of business on August 13, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable August 19, 2015, to shareholders of record as of the close of business on August 13, 2015.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
At the end of Friday’s trade, Sally Beauty Holdings, Inc. (NYSE:SBH)‘s shares surged 0.04% to $25.99.
Sally Beauty Holdings, Inc. (SBH) declared financial results for the fiscal 2015 third quarter.
FISCAL 2015 THIRD QUARTER FINANCIAL HIGHLIGHTS
Net Sales: For the fiscal 2015 third quarter, merged net sales were $967.9 million, an enhance of 2.0% from the fiscal 2014 third quarter. The fiscal 2015 third quarter sales enhance is attributed to same store sales growth and the addition of new stores. The unfavorable impact from changes in foreign currency exchange rates in the fiscal 2015 third quarter was $26.2 million, or 2.8% of sales. Merged same store sales growth in the fiscal 2015 third quarter was 3.1% as compared to 2.1% in the preceding year quarter. Merged same store sales for fiscal 2015 are now predictable to be in the range of 2.5% to 3.0% as compared to previous expectations of merged same store sales growth of slightly above 3%.
Gross Profit: Merged gross profit for the fiscal 2015 third quarter was $481.3 million, an enhance of 1.2% over gross profit of $475.7 million for the fiscal 2014 third quarter. Gross profit as a percentage of sales was 49.7%, a 40 basis point decline from the fiscal 2014 third quarter. Merged gross profit margin for fiscal year 2015 is now predictable to be flat when contrast to fiscal year 2014 merged gross profit margin of 49.6%. This differs from previous expectations of fiscal year 2015 merged gross profit margin expansion of 20 to 30 basis points over the preceding year.
Sally Beauty Holdings, Inc., together with its auxiliaries, operates as a specialty retailer and distributor of professional beauty supplies primarily in North America, South America, and Europe. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group (BSG). The Sally Beauty Supply segment offers professional beauty supplies, counting hair color, hair care, skin and nail care, beauty sundries, and electrical appliances for retail customers and salon professionals.
Cloud Peak Energy Inc. (NYSE:CLD), ended its Friday’s trading session with 3.05% gain, and closed at $3.04.
Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, recently declared results for the second quarter and first six months of 2015.
- Second quarter 2015 Adjusted EBITDA of $10.6 million contrast to $45.2 million for the second quarter of 2014.
- Shipments for the second quarter of 2015 were 16.0 million tons, down from 20.6 million tons for the same period in 2014 due to weather-related impacts to the railroads and mines, together with Cordero Rojo Mine transitioning to lower production levels.
- Cost per ton was $10.75 in the second quarter of 2015, increasing from $10.48 in the second quarter of 2014. The higher unit costs were primarily attributed to lower shipments.
- A $33.4 million non-cash impairment charge regardinggoodwill from a 1997 acquisition was recorded at the Company’s 8400 Btu Cordero Rojo Mine.
- The final lease by application (“LBA”) payments of $69 million were made in June resulting in no further committed payments going forward.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
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