On Thursday, PNM Resources Inc (NYSE:PNM)’s shares declined -1.87% to $25.97.
PNM Resources Inc (PNM) signed an executed letter agreement with Westmoreland Coal Company (Westmoreland) for the new coal supply contract for San Juan Generating Station (SJGS) formerly declared on May 1. The combined new coal supply and SJGS ownership restructuring agreements will save customers about $300 million in fuel costs over the next six years. The company filed the agreement and other documents in response to a New Mexico Public Regulation Commission (NMPRC) order that requested comments on how the Commission should proceed in light of these agreements. PNM feels strongly the NMPRC has reason to approve the company’s request to add 132 megawatts of capacity in SJGS Unit 4, conditional upon final execution of the ownership and coal contracts by August 31, 2015.
PNM Resources, Inc., together with its auxiliaries, operates in energy and energy-related businesses in the United States. It is primarily involved in the generation, transmission, and distribution of electricity.
Vivint Solar Inc (NYSE:VSLR)’s shares dropped -1.8% to $14.15.
Vivint Solar Inc (VSLR) declared financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Operating Highlights
Key operating and development highlights for the quarter ended March 31, 2015 comprise:
- MW Bookedof about 50 MWs for the quarter, up 90% year-over-year.
- MW Installedof about 46 MWs, up 131% year-over-year. Total cumulative MWs installed were about 274 MWs.
- Installationswere 6,426 for the quarter, up 100% year-over-year. Cumulative installations were 42,146.
- Estimated Nominal Contracted Payments Remainingraised by about $174 million during the quarter and was about $1.2 billion, up 146% year-over-year.
- Estimated Retained Valueraised by about $79 million during the quarter to about $560 million, up 138% year-over-year.
- Estimated Retained Value per Wattwas $2.05.
Vivint Solar, Inc. provides distributed solar energy to residential customers in Arizona, California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Utah. It installs and owns solar energy systems through long-term customer contracts, such as power purchase agreements and solar energy system leases.
At the end of Thursday’s trade, ENSCO PLC (NYSE:ESV)‘s shares dipped -4.83% to $26.02.
ENSCO PLC (ESV) declared earnings per share raised to $1.38 in first quarter 2015 from $1.25 a year ago. Results from suspended operations were zero cents per share contrast to a loss of $0.01 per share in first quarter 2014. Earnings per share from ongoing operations raised to $1.38 in first quarter 2015 from $1.26 a year ago. Adjusted for $27 million, or $0.11 per share, of other expense to retire debt ahead of maturity, earnings per share from ongoing operations raised 18% to $1.49 from $1.26 in first quarter 2014.
First Quarter Results
Ongoing Operations
Revenues grew 9% to $1.164 billion in first quarter 2015, up from $1.067 billion a year ago. The enhance was driven by more operating days for three semisubmersibles - ENSCO 5004, ENSCO 5005 and ENSCO 5006 - that underwent shipyard upgrades during first quarter 2014. Three new ENSCO 120 Series jackups also contributed to the enhance. The average day rate for the fleet rose slightly to $244,000 in first quarter 2015 from $243,000 a year ago. Stated utilization, which comprises the impact of uncontracted rigs and planned downtime, raised to 86% from 82% in first quarter 2014 due to three semisubmersibles returning to the operating fleet.
Contract drilling expense was $518 million in first quarter 2015, down from $520 million last year, as lower compensation and repair and maintenance expense more than offset $45 million of additional expense related to growth in the operating fleet.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil.
Halliburton Company (NYSE:HAL), ended its Thursday’s trading session with -1.78% loss, and closed at $46.44.
Halliburton Company (HAL) will host a conference call on Monday, July 20, 2015, to talk about the second quarter 2015 financial results. The call will start at 8:00 AM Central Time (9:00 AM Eastern Time).
The company will issue a press release regarding the 2015 second quarter earnings proceeding to the conference call. Halliburton’s second quarter press release will be posted on the Halliburton website at www.halliburton.com.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
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