On Friday, Shares of Plug Power Inc. (NASDAQ:PLUG), lost -1.22% to $2.43.
Plug Power, has confirmed the date of its 2015 annual shareholder meeting, on Thursday, May 21, 2015, at 10:00 am ET.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.
Shares of Superior Energy Services, Inc. (NYSE:SPN), inclined 2.49% to $24.71, during its last trading session.
On April 30, Superior Energy Services, declared a net loss from ongoing operations of $1.5 million, or $0.01 per share, on revenue of $917.2 million and a net loss of $11.1 million, or $0.07 per share for the first quarter of 2015.
These results compare with net income from ongoing operations of $42.6 million, or $0.27 per diluted share, and net income of $36.7 million, or $0.23 per diluted share, on revenue of $1,061.4 million for the first quarter of 2014.
First Quarter 2015 Geographic Breakdown
U.S. land revenue was $576.3 million in the first quarter of 2015, as contrast with $681.3 million in the first quarter of 2014 and $805.2 million in the fourth quarter of 2014. Gulf of Mexico revenue was $184.1 million, as contrast with $211.0 million in the first quarter of 2014 and $193.5 million in the fourth quarter of 2014. International revenue was $156.8 million, as contrast with $169.1 million in the first quarter of 2014 and $179.9 million in the fourth quarter of 2014.
Superior Energy Services, Inc. provides specialized oilfield services and equipment to oil and gas companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions.
At the end of Friday’s trade, Shares of Pioneer Natural Resources Co. (NYSE:PXD), lost -0.32% to $159.06.
Pioneer Natural Resources, declared financial and operating results for the quarter ended March 31, 2015.
Pioneer stated a first quarter net loss attributable to common stockholders of $78 million, or $0.52 per diluted share. Without the effect of noncash derivative mark-to-market gains and other unusual items, adjusted income for the first quarter was a loss of $5 million after tax, or $0.03 per diluted share.
First quarter and other recent highlights comprised of:
- producing 194 thousand barrels oil equivalent per day (MBOEPD) in the first quarter, of which 51% was oil; first quarter production was influenced by a loss of about 3 MBOEPD due to downtime associated with severe winter weather in the Spraberry/Wolfcamp, a loss of about 5 MBOEPD due to ethane rejection in the Spraberry/Wolfcamp and Eagle Ford Shale startning January 1, and the decision made in mid-February to exclusively utilize Pioneer Pumping Services to improve efficiencies, which had the effect of spreading horizontal completions in the Spraberry/Wolfcamp throughout the year;
- ongoing to protect the Company’s cash flow through the use of derivatives, counting (i) maintaining coverage for 2015 forecasted oil production at about 90% with most of the volumes protected by swaps at $71 per barrel (resulted in a $20 per barrel uplift in the first quarter), (ii) increasing Pioneer’s 2016 oil production covered by three-way collars by 10 thousand barrels per day (MBOPD) in recent weeks, providing attractive downside protection for 2016 and (iii) maintaining coverage for 2015 forecasted gas production at about 90% with three-way collars that provide attractive downside protection;
- maintaining a strong balance sheet at the end of the first quarter with $383 million of cash on hand and net debt-to-book capitalization of 21%;
- realizing a 15% decrease in drilling and completion capital contrast to 2014 in response to cost reduction initiatives; expecting capital costs to decline by more than 20% by year-end 2015;
- achieving noteworthy drilling and completions efficiency gains;
- announcing the closing of the Denver, Colorado, office and the streamlining of operations in the Raton Basin;
- implementing high-graded horizontal drilling programs in the Spraberry/Wolfcamp and Eagle Ford Shale; presently running 16 horizontal rigs, with 10 rigs in the Spraberry/Wolfcamp and six rigs in the Eagle Ford Shale;
- exporting 20 MBOPD gross (7 MBOPD net) of Eagle Ford Shale processed condensate in the first quarter with significantly improved pricing contrast to domestic condensate sales; and
- ongoing education efforts on the benefits of lifting the U.S. oil export ban.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
Finally, Prospect Capital Corporation (NASDAQ:PSEC), ended its last trade with -0.75% loss, and closed at $7.98.
Prospect Capital Corporation, declared financial results for our third fiscal quarter ended March 31, 2015.
For the March 2015 quarter, our net investment income (“NII”) was $87.4 million or $0.24 per weighted average share. For the March 2014 quarter, our NII was $98.5 million or $0.31 per weighted average share. NII reduced by $11.1 million year-over-year on a dollars basis and reduced by $0.07 on a per share basis, driven primarily by a $0.07 per share decrease in structuring fees and a $0.02 per share enhance in interest and credit facility expenses. Offsetting this decrease in income was a $0.02 per share decrease in incentive administration fees. The decrease in structuring fee income was due to lower origination levels and a mix shift toward online loans (which do not generate structuring fees but which are presently delivering an predictable levered yield of about 18%).
For the March 2015 quarter, the company enhance in net assets resulting from operations (“NI”) was $81.5 million or $0.23 per weighted average share. For the March 2014 quarter, its NI was $82.1 million or $0.26 per weighted average share. NI was stable year-over-year on a dollars basis and reduced by $0.03 on a per share basis.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
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