On Friday, in the course of Afternoon trade, Shares of Rayonier Advanced Materials Inc (NYSE:RYAM), climbed 4.90%, and is now trading at $13.92.
Rayonier Advanced Materials, stated a net loss for the second quarter 2015 of $(0.3) million, or $(0.01) per share, contrast to net income of $5 million, or $0.11 per share for the same period in 2014.
Pro forma net income for the second quarter 2015 was $16 million, or $0.39 per share contrast to $25 million or $0.59 per share for the preceding year period. Year-to-date pro forma net income was $26 million, or $0.64 per share, contrast to $58 million, or $1.37 per share, for the preceding year period. Pro forma adjustments for the quarter and year-to-date periods exclude one-time separation and legal costs. The 2015 periods also exclude a $28 million pre-tax asset impairment charge and a $1 million pre-tax insurance recovery. The impairment charge relates to the planned asset realignment of the Jesup, Georgia plant declared separately this morning.
Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Japan, Canada, Europe, Latin America, and other Asian countries. Its products comprise cellulose specialties, such as cellulose acetate and cellulose ethers, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
During an Afternoon trade, Shares of Gulfport Energy Corporation (NASDAQ:GPOR), climbed 0.46%, and is now trading at $33.06.
Gulfport Energy Corporation, offered a second quarter 2015 operational update and planned its second quarter 2015 financial and operational results conference call. Operational highlights for the second quarter of 2015 comprise:
- Net production averaged 473.9 MMcfe per day for the quarter, surpassing the Company’s formerly estimated guidance of about 445 MMcfe per day to 455 MMcfe per day.
- Realized natural gas price before the impact of derivatives and counting transportation costs averaged $2.23 per Mcf, a $0.41 per Mcf differential to NYMEX during the quarter.
- Realized oil price before the impact of derivatives and counting transportation costs averaged $50.15 per barrel, a $7.81 per barrel differential to WTI oil price during the quarter.
- Realized natural gas liquids price, counting transportation costs, averaged $12.71 per barrel, or $0.30 per gallon, about 22% of the average WTI oil price during the quarter.
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio; Louisiana Gulf Coast in the West Cote Blanche Bay; and Hackberry fields.
Shares of Triumph Group Inc (NYSE:TGI), during its Friday’s current trading session fell -1.04%, and is now trading at $53.42.
Triumph Group, stated financial results for its first quarter of fiscal year 2016, which ended June 30, 2015.
“Our first quarter results demonstrated continued strong performance in our Aerospace Systems and Aftermarket Services Group, underscored by year over year enhances in net sales and solid operating margins,” said Richard C. Ill, Triumph’s President and Chief Executive Officer. “While we are taking measures to drive performance in the Aerostructures segment, the results do not reflect the full potential of the business, notwithstanding the impact of certain sunsetting programs and other external factors. However, we are happy with the progress on the Gulfstream wing programs as we continue to see improved labor and quality performance with cash burn lower than anticipated in the quarter.”
Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. Its Aerostructures Group segment designs, manufactures, builds, and repairs acoustic and thermal insulation systems, aircraft wings, composite and metal bonding, composite ducts and floor panels, empennages, engine nacelles, flight control surfaces, helicopter cabins, precision machined parts, stretch-formed leading edges and fuselage skins, and wing spars and stringers.
Finally, Energy Transfer Partners LP (NYSE:ETP), gained 0.43% Friday.
Sunoco, declared that it has accomplished the acquisition of Susser Holdings Corporation (SHC) from ETP Holdco Corporation and Heritage Holdings, Inc., wholly owned auxiliaries of Energy Transfer Partners, L.P. (ETP). The transaction is valued at about $1.93 billion. SUN paid $966.9 million in cash and issued ETP’s auxiliaries about 21.98 million SUN units, valued at about $966.9 million. In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new SUN units to a partner of ETP.
The transaction is predictable to be slightly accretive to SUN with respect to distributable cash flow in 2015 and significantly accretive thereafter.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
