On Wednesday, Goodyear Tire & Rubber Co(NASDAQ:GT)’s shares inclined 0.51% to $31.38.
The Goodyear Tire & Rubber Company (GT) stated record results for the second quarter of 2015..
The company stated second quarter segment operating income of $556 million in 2015, up 21 percent from a year ago and a record for any quarter. The enhance in segment operating income was driven by favorable price/mix net of raw materials and cost reduction actions. These were partially offset by inflation and unfavorable foreign currency translation.
Goodyear’s second quarter 2015 net income was $192 million (70 cents per share). Not taking into account certain noteworthy items, adjusted net income was $229 million (84 cents per share). Per share amounts are diluted.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, in addition to under the private-label brands.
Public Service Enterprise Group Inc. (NYSE:PEG)’s shares gained 0.02% to $42.48.
Further supporting its commitment to science, technology, engineering and math (STEM) education, the PSEG Foundation has granted Stevens Institute of Technology $250,000 towards the completion of the University’s Solar Decathlon entry, SURE HOUSE.
The SURE (SUstainable and REsilient) HOUSE is Stevens’ entry into the U.S. Department of Energy’s Solar Decathlon competition and represents the schools’ vision of a sustainable and resilient home for the areas at greatest risk during extreme weather. The student-built, net-zero, solar-powered home is presently being built in Hoboken, New Jersey and will soon be shipped to Irvine, California for entry into the competition.
PSEG’s partnership with Stevens Institute of Technology is aligned with the company’s corporate citizenship preceding ties which comprise collaborating with organizations that promote environmental stewardship and sustainability initiatives and improving learning and educational opportunities in areas of STEM. Funds from the PSEG Foundation grant are being used in part to fund the SURE HOUSE construction in addition to entry into the Solar Decathlon.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.
At the end of Wednesday’s trade, Suncor Energy Inc. (USA)(NYSE:SU)‘s shares surged 0.38% to $28.91.
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, unless noted otherwise. Certain financial measures referred to in this document (cash flow from operations, operating earnings, Oil Sands cash operating costs and free cash flow) are not prescribed by Canadian generally accepted accounting principles (GAAP). See the Non-GAAP Financial Measures section of this news release. References to Oil Sands operations, production and cash operating costs exclude Suncor’s interest in Syncrude’s operations.
- Cash flow from operations of $2.155 billion ($1.49 per common share) as compared to $2.406 billion ($1.64 per common share) in the preceding year quarter, despite a decrease in crude oil benchmarks of over 40%.
- Operating earnings of $906 million ($0.63 per common share) and net earnings of $729 million ($0.50 per common share).
- Solid refinery utilization and a favourable downstream business environment resulted in Refining and Marketing operating earnings of $631 million.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading, and Eliminations segments.
Halcon Resources Corp (NYSE:HK), ended its Wednesday’s trading session with -0.02% loss, and closed at $0.982.
Halcón Resources Corporation (HK) declared its second quarter 2015 results.
The Company produced an average of 41,297 barrels of oil equivalent per day (Boe/d) during the period. Second quarter 2015 production was 80% oil, 9% natural gas liquids (NGLs) and 11% natural gas.
Halcón generated revenues of $168.0 million for the three months ended June 30, 2015. In addition, the Company realized a net gain on settled derivative contracts of $88.1 million during the quarter.
Counting the impact of hedges, Halcón realized 140% of the average NYMEX oil price, 20% of the average NYMEX oil price for NGLs and 113% of the average NYMEX natural gas price during the period.
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising about 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering about 101,000 acres of area in Brazos, Burleson, and Robertson counties.
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