On Monday, Targa Resources Partners LP (NYSE:NGLS)’s shares inclined 0.17% to $30.24.
Targa Resources Partners LP (NGLS) and Targa Resources Corp. (TRGP) stated second quarter results.
Targa Resources Partners — Second Quarter 2015 Financial Results
Second quarter 2015 net income attributable to Targa Resources Partners was $45.8 million contrast to $108.8 million for the second quarter of 2014. Net income per diluted limited partner unit was $0.01 in the second quarter of 2015 contrast to $0.64 for the second quarter of 2014. The Partnership stated earnings before interest, income taxes, depreciation and amortization and other non-cash items (“Adjusted EBITDA”) of $303.2 million for the second quarter of 2015 contrast to $228.7 million for the second quarter of 2014. The Partnership’s distributable cash flow for the second quarter of 2015 of $218.4 million corresponds to distribution coverage of about 1.1 times the $200.4 million in total distributions to be paid on August 14, 2015 (see the section of this release entitled “Targa Resources Partners - Non-GAAP Financial Measures” for a talk aboution of Adjusted EBITDA, gross margin, operating margin and distributable cash flow, and reconciliations of such measures to their most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”)).
Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil.
Umpqua Holdings Corp (NASDAQ:UMPQ)’s shares dropped -0.24% to $16.54.
Umpqua Holdings Corporation (UMPQ) stated net earnings accessible to common shareholders of $54.7 million for the second quarter of 2015, an enhance contrast to $47.0 million for the first quarter of 2015 and $17.5 million for the second quarter of 2014. Earnings per diluted common share were $0.25 for the second quarter of 2015, as contrast to $0.21 for the first quarter of 2015 and $0.09 for the second quarter of 2014.
Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through two segments, Community Banking and Home Lending. The Community Banking segment provides loan and deposit products to business and retail customers.
At the end of Monday’s trade, Krispy Kreme Doughnuts (NYSE:KKD)‘s shares dipped -1.01% to $15.68.
Krispy Kreme Doughnuts (KKD) stated financial results for the first quarter of fiscal 2016, ended May 3, 2015 and updated its adjusted EPS outlook for fiscal 2016 (ending January 31, 2016) to a range of $0.80 to $0.85.
First Quarter Fiscal 2016 Highlights Contrast to the Year-Ago Period:
- Systemwide store count rose 17.3% since the first quarter of last year to 1,003 Company and franchise shops worldwide
- Systemwide domestic same store sales rose 5.2%, counting a 4.3% gain at Company Stores; constant currency international franchise same store sales declined 1.7%
- Revenues raised 9.0% to $132.5 million from $121.6 million
- Operating income rose 6.8% to $17.3 million from $16.2 million
- Net income rose 10.5% to $10.7 million ($0.16 per share) contrast to $9.7 million ($0.14 per share) in the first quarter last year
First Quarter Fiscal 2016 Segment Results
Company Stores revenues raised 12.8% to $90.7 million in the first quarter of fiscal 2016, driven by a 24.9% enhance in retail sales as store operating weeks raised 18.9% and same store sales rose 4.3%. The Company opened two new factory shops in the first quarter. Company Stores segment operating income raised $2.7 million to $16.8 million from $12.7 million contrast to last year driven by the Company Stores contribution margin increasing from 15.8% to 18.5% of sales. The margin enhance primarily resulted from positive retail same store sales growth in addition to the Company’s more planned use of promotional incentives.
Domestic Franchise revenues raised 6.0% to $3.7 million, principally driven by higher royalties. Total sales by domestic franchisees rose 4.6%, and same store sales at Domestic Franchise shops raised 5.8%. The Domestic Franchise segment generated operating income of $2.1 million contrast to $2.2 million in the first quarter last year.
Krispy Kreme Doughnuts, Inc., together with its auxiliaries, operates as a branded retailer and wholesaler of doughnuts, beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain. It owns and franchises Krispy Kreme stores. As of June 10, 2015, the company had about 1,000 Krispy Kreme shops worldwide.
Cabelas Inc (NYSE:CAB), ended its Monday’s trading session with -0.21% loss, and closed at $47.50.
Cabela’s Incorporated (CAB) declared that Cabela’s Credit Card Master Note Trust successfully accomplished the sale of $400 million of Asset-Backed Notes, Series 2015-II. The securitization transaction comprised of the issuance of $240 million of Class A-1 Notes, which accrue interest at a fixed rate of 2.25% per year, and $100 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.67% per year. The securitization transaction also comprised of the issuance of three subordinated classes of notes in the aggregate principal amount of $60 million. World’s Foremost Bank, Cabela’s wholly owned partner, purchased each of the subordinated classes of notes. Each class of notes issued in the securitization transaction has an predictable life of about five years, with a legal maturity of about eight years. This securitization transaction will assist finance the growth of World’s Foremost Bank’s credit card portfolio.
Cabela’s Incorporated, together with its auxiliaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company operates through three segments: Retail, Direct, and Financial Services. The Retail segment sells products and services through its retail stores. The Direct segment sells products through its e-commerce Websites, such as Cabelas.com and Cabelas.ca, in addition to direct mail catalogs.
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