On Wednesday, Praxair, Inc. (NYSE:PX)’s shares declined -0.96% to $112.42.
The board of directors of Praxair, Inc. (PX) has declared a quarterly dividend of 71.5 cents per share, unchanged from the previous quarter. The dividend is payable on September 15, 2015 to shareholders of record on September 8, 2015.
The board of directors has also authorized a new share repurchase program for up to $1.5 billion of Praxair’s common stock. Praxair has about $500 million of repurchase authority accessible under its formerly declared buyback authorization from January 2014, giving it about $2.0 billion accessible for stock repurchases under these programs.
Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, in addition to surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
Energen Corporation (NYSE:EGN)’s shares dropped -3.12% to $51.53.
The Board of Directors of Energen Corporation (EGN) declared a quarterly cash dividend of 2 cents per share payable September 1, 2015, to shareholders of record on August 14, 2015.
Energen Corporation, through its partner Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. As of December 31, 2014, the company had about 372.7 million barrels of oil equivalent reserves located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico and Colorado. Energen Corporation was founded in 1929 and is headquartered in Birmingham, Alabama.
At the end of Wednesday’s trade, Navios Maritime Partners L.P. (NYSE:NMM)‘s shares dipped -6.00% to $8.61.
Navios Maritime Partners L.P. ( NMM), an international owner and operator of drybulk and container vessels, recently stated its financial results for the second quarter and six months ended June 30, 2015.
RECENT DEVELOPMENTS
Cash Distribution
The Board of Directors of Navios Partners declared a cash distribution for the second quarter of 2015 of $0.4425 per unit. The cash distribution is payable on August 14, 2015 to unitholders of record as of August 13, 2015.
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Europe, Asia, North America, and Australia. It provides seaborne transportation services for a range of drybulk commodities that comprise iron ore, coal, grain, and fertilizers, in addition to charters its vessels under medium to long-term charters.
ORBCOMM Inc (NASDAQ:ORBC), ended its Wednesday’s trading session with 1.69% gain, and closed at $6.00.
ORBCOMM Inc. (ORBC), a global provider of Machine-to-Machine (M2M) solutions, declared financial results for the second quarter ended June 30, 2015.
Recent Highlights:
- For Q2 of 2015, Total Revenues were up 85% year-over-year to $44.9 million. Service Revenues were up 61% over the preceding year to $24.0 million. Second quarter 2015 Product Sales of $20.9 million were 122% higher than the preceding year. ORBCOMM accomplished the acquisitions of SkyWave and InSync in the first quarter of 2015 which had a positive impact on year-over-year comparisons. Organic revenue growth for the second quarter of 2015 was 20%.
- Adjusted EBITDA for the second quarter of 2015 was $10.3 million, adding $5.2 million or 102% higher than the preceding year. ORBCOMM’s basic EPS is a loss of ($0.17) for the second quarter of 2015 contrast to $0.03 for the comparable period last year, lower largely due to an Impairment Loss of $12.7 million related to an OG2 satellite that lost communication (seeImpairment Loss-satellite networkbelow), Depreciation and Amortization expense of $6.6 million, higher by $4.5 million, related to additional satellites put into service in late-2014 and attained intangible assets, higher Interest Expense of $1.3 million and Acquisition-Related and Integration costs of $1.1 million related to the recent acquisitions. Not taking into account Acquisition-Related and Integration costs of $1.1 million and the Satellite Impairment Loss of $12.7 million, Net Income (Loss) – Ex-Items, attributable to ORBCOMM Inc. Common Stockholders was $1.6 million and Basic EPS – Ex-Items was $0.02 for the second quarter of 2015 contrast to Net Income (Loss) – Ex-Items, attributable to ORBCOMM Inc. Common Stockholders of $1.6 million and Basic EPS Ex-Items of $0.03 for the comparable period last year (see non-GAAP reconciliation table at the end of this release).
- Net subscriber communicator additions for ORBCOMM were 35,000 in the second quarter of 2015, bringing the total billable subscriber communicators to 1,297,000 at June 30, 2015, contrast to 915,000 at the end of the second quarter last year. Billable subscriber communicators raised 42% year-over-year.
ORBCOMM Inc., a wireless data communications company, provides machine-to-machine communication solutions primarily in the United States, Japan, Europe, and internationally. The company offers solutions, counting network connectivity, devices, and Web reporting applications that enable businesses and government agencies to track, monitor, and control and communicate with fixed and mobile assets. It operates a two-way wireless data messaging system for narrowband data communication, in addition to provides technology to monitor, manage, and remotely control refrigerated transportation and other mobile assets.
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