On Monday, Exxon Mobil Corporation (NYSE:XOM)’s shares declined -1.68% to $86.78.
Exxon Mobil Corporation (XOM) declared recently that bitumen production began on plan at the $2 billion Cold Lake Nabiye project expansion in northeastern Alberta, Canada.
The expansion is producing about 20,000 barrels per day and volumes are predictable to enhance during the year to peak daily production of 40,000 barrels. Nabiye will access 280 million barrels of recoverable resources during its predictable 30-year lifespan.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Tesoro Corporation (NYSE:TSO)’s shares dropped -2.48% to $88.24.
Tesoro Corporation (TSO) stated first quarter 2015 net earnings of $145 million, or $1.15 per diluted share contrast to net earnings of $78 million, or $0.58 per diluted share for the first quarter of 2014. Adjusted Earnings for the first quarter, not taking into account a net benefit from special items of $21 million after tax, were $124 million or $0.98 per diluted share. Adjusted EBITDA for the first quarter, not taking into account special items, was $489 million contrast to $362 million last year.
The refining segment`s operating income was $190 million for the quarter, contrast to $185 million in the first quarter of 2014. The results for the quarter were influenced due to labor disruptions at the Anacortes, Washington and Los Angeles and Martinez, California refineries. Additionally, planned maintenance was performed at the Martinez, Anacortes and Salt Lake City, Utah refineries. The California region was the most significantly influenced by the work stoppage. The Martinez refinery was idled during February and March and production was influenced at the Los Angeles refinery.
Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail.
At the end of Monday’s trade, Tri Pointe Homes Inc (NYSE:TPH)‘s shares dipped -2.44% to $14.37.
Tri Pointe Homes Inc (TPH) declared results for the first quarter ended March 31, 2015.
On July 7, 2014, TRI Pointe consummated the merger with Weyerhaeuser Real Estate Company (“WRECO”). The merger was accounted for as a “reverse acquisition” of TRI Pointe by WRECO. As a result, legacy TRI Pointe’s financial results are only comprised of in the combined company’s financial statements from the closing date forward and are not reflected in the combined company’s historical financial statements. Accordingly, legacy TRI Pointe’s financial results are not comprised of in the Generally Accepted Accounting Principles (“GAAP”) results for the three months ended March 31, 2014 comprised of in this press release. The Company has appended Supplemental Combined Company Information to this press release to provide supplemental financial and operational information of the combined company that is “Adjusted” to comprise legacy TRI Pointe’s standalone operations for the relevant periods proceeding to the merger.
Results and Operational Data for First Quarter 2015 and Comparisons to First Quarter 2014
- Net income was $15.3 million, or $0.09 per diluted share contrast to $7.6 million, or $0.06 per diluted share
- New home orders raised to 1,194 contrast to 667, an enhance of 79%
- Active selling communities averaged 113.0 contrast to 90.7
- New home orders per average selling community were 10.6 orders (3.5 monthly) contrast to 7.4 orders (2.5 monthly), an enhance of 44%
- Cancellation rate improved to 11% contrast to 15%
TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes in the United States. The company also develops and sells land and lots.
Windstream Holdings, Inc. (NASDAQ:WIN), ended its Monday’s trading session with -2.42% loss, and closed at $22.59.
Windstream Holdings, Inc. (WIN) board of directors declared a prorated $.15 per share quarterly dividend to Windstream shareholders.
Shareholders of record on June 30, 2015, will receive a cash dividend of $.1104 per share, which represents a prorated dividend for the period April 25, 2015 through June 30, 2015. The dividend is payable on July 15, 2015.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets.
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