During Friday’s Current trade, Shares of Oneok Partners LP (NYSE:OKS), lost -0.48% to $31.15.
ONEOK, Inc. (OKE) declared second-quarter 2015 financial results.
SECOND-QUARTER AND YEAR-TO-DATE 2015 FINANCIAL PERFORMANCE
Second-quarter 2015 results raised, contrast with the second quarter 2014, due primarily to higher natural gas and natural gas liquids volumes at ONEOK Partners (OKS).
Variances in financial performance in the first six months of 2015, contrast with the same period in 2014, are primarily a reflection of significantly higher weather-related seasonal demand in the Midwest, resulting in higher prices for propane and natural gas, due to severely cold weather during the first quarter 2014 and sustained lower commodity prices through the first half of 2015.
Enhances in second-quarter 2015 operating income reflect:
- Higher NGL exchange-services volumes from recently connected natural gas processing plants in the Williston Basin, Powder River Basin and Mid-Continent regions, and additional revenues from minimum volume obligations;
- Higher NGL transportation margins, primarily from the acquisition of the West Texas LPG pipeline system; and
- Higher margins due to changes in contract mix and higher natural gas volumes gathered, processed and sold, and higher NGL volumes sold, in the natural gas gathering and processing segment; offset partially by
- Lower net realized NGL, natural gas and condensate prices.
ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
Shares of Fossil Group Inc (NASDAQ:FOSL), declined -0.45% to $60.33, during its current trading session.
Fossil Group, Inc. (FOSL) stated its financial results for the fiscal quarter ended July 4, 2015. In the second quarter of fiscal 2015, the translation impact from the strengthening of the U.S. dollar negatively influenced net sales by $50.9 million and reduced diluted EPS by $0.30. On a constant currency basis, second quarter net sales raised 2%.
Second Quarter Fiscal 2015 Revenue Summary
In the second quarter of fiscal 2015, stated worldwide net sales reduced 4% or $33.8 million driven by the negative impact of changes in foreign currency. The following table provides a summary of net sales performance contrast to the second quarter of fiscal 2014.
The Company stated net income for the second quarter of fiscal 2015 of $54.6 million contrast to $52.5 million for the second quarter of fiscal 2014. Diluted earnings per share were $1.12, contrast to $0.98 for the second quarter of fiscal 2014. In constant currency, diluted earnings per share for the second quarter of fiscal 2015 were $1.42, counting a restructuring charge of $0.10 per diluted share. The favorable earnings per share impact of the comparable 2% sales growth, non-operating gains and a lower share base combined to drive the enhance in diluted earnings per share.
Fossil Group, Inc., together with its auxiliaries, designs, develops, markets, and distributes consumer fashion accessories. The company operates through four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer. The company’s principal products comprise a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and selected apparel.
Aon Plc (NYSE:AON), during its Friday’s current trading session decreased -0.25% to $99.07.
Impact Forecasting, Aon Benfield’s catastrophe model development team, recently launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during July 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (AON).
The report reveals that Typhoon Chan-hom tracked across much of the Western Pacific Ocean during the month, causing extensive damage in China, Japan’s Okinawa Island chain, South Korea, Taiwan and Guam, killing at least six people and injuring 30 others.
Total economic losses were estimated at more than USD1.6 billion, with China bearing the greatest impact; according to China’s Ministry of Civil Affairs, damage from Chan-hom had resulted in a CNY9.1 billion (USD1.5 billion) economic loss, mainly as a result of damage to agricultural interests and infrastructure.
Aon plc provides risk administration services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. It operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, counting affinity products, managing general underwriting, placement, captive administration services, and data and analytics; risk administration solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs. This segment also provides advisory services to technology, financial services, agribusiness, aviation, construction, health care, energy, and other industries.
Finally, Capstone Turbine Corporation (NASDAQ:CPST), decreased -0.34%, to $0.385.
Capstone Turbine Corporation (CPST), declared that its annual meeting of stockholders will be webcast live from Chatsworth, California on Thursday, August 27, 2015 at 10:00 a.m. PDT (1:00 p.m. EDT).
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, subassemblies, components, and various accessories for applications, counting cogeneration comprising combined heat and power (CHP) and integrated CHP, in addition to combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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