On Tuesday, Shares of Southwestern Energy Company (NYSE:SWN), gained 6.76% to $19.57, hitting its lowest level.
Southwestern Energy Company declared its financial and operating results for the quarter ended June 30, 2015. Second quarter highlights comprise:
- Record production of 245 Bcfe, counting 2 Bcfe associated with the East Texas and Arkoma assets that were divested during the second quarter;
- Total Appalachia net production of 122 Bcfe, comprised of 87 Bcf from Northeast Appalachia (a 43% enhance contrast to year-ago levels) and 35 Bcfe from Southwest Appalachia;
- Raised 2015 production guidance to 973 Bcfe to 982 Bcfe, counting 6 Bcfe associated with the asset divestiture noted above, while decreasing 2015 capital expenditures guidance to $1.875 billion;
- Expanded firm transportation and sales portfolio in Southwest Appalachia, bringing long-term takeaway capacity to about 800 million cubic feet per day and additional firm sales enabling robust growth in 2016 and 2017;
- Early well results in Southwest Appalachia significantly outperforming offset wells;
- Favorable results from test wells in unproven acreage of Northeast Appalachia;
- Adjusted net loss attributable to common stock (a non-GAAP measure reconciled below) of $9 million, or $0.02 per diluted share when not taking into account a non-cash ceiling test impairment of natural gas and oil properties and certain other items; and
- Net cash offered by operating activities before changes in operating assets and liabilities (a non-GAAP measure reconciled below) of about $339 million.
Southwestern Energy Company explores, develops, and produces natural gas and oil in the United States. The company operates in two segments, Exploration, Development and Production; and Midstream Services.
Shares of Staples, Inc. (NASDAQ:SPLS), declined -0.29% to $13.91, during its last trading session.
Staples celebrates the launch of Windows 10 with the arrival of new devices, deals, demonstrations and free services. Starting July 29, customers can purchase the latest devices optimized for Windows 10 online at Staples.com and upgrade eligible devices to Windows 10 for free with Staples EasyTech Services.
Starting July 29 on Staples.com and in early August in select stores new, innovative computing devices optimized for Windows 10 will be accessible. The new devices complement Windows 10 features that allow for a more personal and natural computing experience.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
Finally, Medical Properties Trust Inc. (NYSE:MPW), ended its last trade with -2.54% loss, and closed at $13.45.
Medical Properties Trust declared that it has signed a definitive agreement to acquire Capella Holdings, Inc. (“Capella”), a privately-owned hospital company headquartered in Franklin, Tennessee. Capella is one of the ten largest for-profit acute care hospital operators in the U.S. based on revenue. The $900 million total value of the transactions will be comprised of a $600 million investment in Capella’s real estate and an approximate $300 million investment in Capella’s operating entities, which is predictable to be owned jointly by MPT and Capella administration. The transaction will be right away accretive to MPT’s Normalized FFO (“FFO”) per share by $0.04 in the first year after closing.
With this acquisition, MPT will be adding to its acute care portfolio seven hospitals located in five states, with an aggregate 1,169 beds and over two million square feet. MPT’s interest in the hospitals, valued at an aggregate $600 million, will be subject to sale leaseback and mortgage loan arrangements that will have cross default provisions and a blended GAAP yield of 9.1% giving consideration to annual CPI-based rent escalators subject to a 2% floor and 4% ceiling. The initial lease term will be 15 years with four 5-year renewal options. The EBITDAR coverage ratio for the real estate is predictable to exceed 2.3x in the first year.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers.
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