On Tuesday, EQT Corporation (NYSE:EQT)’s shares inclined 2.57% to $77.70.
EQT Midstream Partners, LP (EQM) and EQT GP Holdings, LP (EQGP) declared second quarter 2015 financial and operating results. EQT Midstream Partners (EQM) net income for the quarter totaled $91.3 million, adjusted EBITDA was $110.5 million, and distributable cash flow was $102.8 million. EQM adjusted operating income was $99.8 million, or 43% higher than the same quarter last year. The non-GAAP financial measures are reconciled in the Non-GAAP Disclosures section of this news release.
EQT GP Holdings, LP (EQGP) owns a 30.2% limited partner interest and 2% general partner interest, together with 100% of the incentive distribution rights in EQM. EQGP accomplished its initial public offering of 26.45 million common units on May 15, 2015. Net income attributable to EQGP for the second quarter totaled $28.7 million.
Q2 Highlights:
- Declared agreement to construct natural gas header pipeline for Range Resources
- Accomplished the east side expansion project for Antero Resources
- Increasing EQM distributable cash flow guidance for 2015 to $390 – $400 million
EQT Corporation, together with its auxiliaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. The EQT Production segment explores for, in addition to develops and produces natural gas, natural gas liquids (NGLs), and crude oil primarily in the Appalachian Basin. As of December 31, 2014, it had 10.7 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across about 3.4 million gross acres, counting about 630,000 gross acres in the Marcellus play.
VASCO Data Security International, Inc. (NASDAQ:VDSI)’s shares gained 5.69% to $26.55.
VASCO Data Security International, Inc. (VDSI) a global leader in authentication, electronic signatures and identity administration, declared the launch of its newest weapon to identify and mitigate hacking attacks. IDENTIKEY Risk Manager (IRM) is a comprehensive risk administration solution that improves the methods and speed with which organizations can detect fraud. IRM also allows organizations to perform more security functions in the background, reducing the security burden on their customers.
IDENTIKEY Risk Manager combines sophisticated, real-time risk analysis, multi-channel transaction monitoring and risk-based authentication to deliver an innovative solution for fraud prevention and compliance. IRM identifies and scores risks in real-time and at critical steps to determine risk levels and initiate protective action when suspicious patterns are identified. VASCO attained the core technology of IDENTIKEY Risk Manager with its 2014 acquisition of Risk IDS, Ltd., a provider of risk-based authentication solutions to the global banking community.
VASCO Data Security International, Inc., together with its auxiliaries, designs, develops, markets, and supports hardware and software security systems that manage and secure access to information assets worldwide. The company offers VACMAN Controller, a host system software authentication platform that combines technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS as a Service, a cloud-based authentication service primarily for enterprise customers; and MYDIGIPASS solutions for end user authentication in the cloud.
At the end of Tuesday’s trade, Hudson City Bancorp, Inc. (NASDAQ:HCBK)‘s shares surged 0.78% to $10.34.
Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank (the “Bank”), declared recently that it has released the 2015 capital stress test results for the Bank as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DFA”). The results can be obtained on the Company’s web site http://www.hcsbonline.com. The results, per regulatory guidance, are for the Bank only.
The DFA requires national banks and federal savings associations with total merged assets of more than $10 billion, such as the Bank, to conduct annual stress tests. Accordingly, the Bank conducted a DFA company-run stress test (“DFAST”) under three hypothetical supervisory scenarios (baseline, adverse and severely adverse) and guidance offered by the Office of the Comptroller of the Currency (“OCC”) and the Board of Governors of the Federal Reserve System (“Federal Reserve”). The DFA and regulatory guidance require the Bank to publicly disclose the results of the DFAST under the supervisory severely adverse scenario.
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
Michael Kors Holdings Ltd (NYSE:KORS), ended its Tuesdays trading session with 0.88% gain, and closed at $39.42.
Michael Kors Holdings Limited (KORS) declared that it plans to report its first quarter fiscal 2016 financial results on Thursday, August 6, 2015, before the market opens. The Company also plans to hold a conference call to talk about its financial results the same day at 8:00 a.m. ET.
Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women’s apparel; accessories, which comprise handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances and beauty, and eyewear.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
