On Thursday, Energy Transfer Partners LP (NYSE:ETP)’s shares declined -0.05% to $55.15.
Energy Transfer Partners LP (ETP) offered further details on its formerly declared Revolution Project that will significantly enhance its operations in the growing Marcellus and Upper Devonian production areas of Western Pennsylvania. ETP has reached long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased about twenty miles of high pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionators and additional gas gathering pipelines.
ETP plans to construct about 100 miles of high pressure 24- and 30-inch rich gas pipeline providing a total gathering system capacity in excess of 440 million cubic feet per day. The Revolution Pipeline originates in Butler County, Pennsylvania and will extend to ETP’s Revolution Plant, a new cryogenic gas processing plant to be constructed in Western Pennsylvania. The Revolution Plant is predictable to be in-service by the second quarter of 2017 and will allow for future processing growth for additional third party gas.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system. This segment owns and operates about 7,700 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas.
Restoration Hardware Holdings Inc (NYSE:RH)’s shares dropped -0.97% to $94.89.
Restoration Hardware Holdings Inc (RH) introduced RH Modern, a carefully curated collection that combines the clean lines and minimalist aesthetic of modernism with the comfort and quality that defines the RH brand. RH Chairman and CEO, Gary Friedman, unveiled the new concept during the Company’s first quarter fiscal 2015 earnings video. The video can be viewed at the Company’s Investor Relations website, ir.restorationhardware.com.
RH Modern will launch this Fall with a 300 page Source Book, a dedicated website, and a noteworthy retail presence, counting a freestanding RH Modern store on Beverly Boulevard in Los Angeles, the entire ground floor of its Flatiron gallery in New York City, plus entire floors in its next generation Design Galleries in Atlanta, and those opening later this year in Chicago, Tampa, Denver and Austin. In total, RH Modern is predictable to have over 120,000 square feet of selling space in its first year of operation.
Restoration Hardware Holdings, Inc., together with its auxiliaries, engages in the retail of home furnishings. Its product categories comprise furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and childrens furnishings. The company sells its products through its stores and catalogs, in addition to through its Websites, such as restorationhardware.com, rh.com, and rhbabyandchild.com.
At the end of Thursday’s trade, Sealed Air Corp (NYSE:SEE)‘s shares surged 1.12% to $50.49.
Sealed Air Corp (SEE) declared the pricing of its offering of $400 million aggregate principal amount of 5.500% senior unsecured notes due 2025 (the “Dollar Notes”) and €400 million aggregate principal amount of 4.500% senior unsecured notes due 2023 (the “Euro Notes” and, together with the Dollar Notes, the “Notes”). Sealed Air intends to use the net proceeds from the offering of the Notes to repurchase, redeem or satisfy and discharge all of its outstanding 8.375% Senior Notes due 2021, counting any premiums, fees and expenses in connection therewith. Net proceeds from the sale of the Dollar Notes and the Euro Notes, after initial purchasers’ discounts and commissions and the Company’s estimated fees and expenses, are predictable to be about $395 million and €395 million, respectively. We expect the offering to close on June 16, 2015, subject to customary closing conditions.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
Joy Global Inc. (NYSE:JOY), ended its Thursday’s trading session with -1.87% loss, and closed at $39.45.
Joy Global Inc. (JOY) stated second quarter fiscal 2015 results.
Second Quarter Summary
- Bookings $745 million, down 29 percent from a year ago.
- Service bookings $595 million, down 15 percent from a year ago.
- Net sales $810 million, down 13 percent from a year ago.
- Earnings per diluted share $0.40, contrast to $0.73 a year ago.
- Not taking into account pension settlement and restructuring charges of $24 million, adjusted earnings per diluted share $0.59, contrast to $0.76 a year ago.
- Accomplished €110 million acquisition of Montabert in June, an underground hard rock mining equipment and service provider.
Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars.
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