On Wednesday, Shares of Frank’s International N.V. (NYSE:FI), gained 9.36% to $20.56.
Frank’s International, stated revenues of $277 million, and income from ongoing operations of $46 million for the three months ended March 31, 2015. Diluted earnings per share for the first quarter were $0.25, not taking into account $8 million in severance and other charges, net of tax, and are referenced in the non-GAAP reconciliation comprised of in this release. Weighted average shares outstanding were 208 million. Adjusted EBITDA for the quarter was $100 million or 36% of revenue.
First Quarter 2014 Results
- Revenue was $277 million, up 5% contrast to the first quarter of 2014, and down 13% contrast to the fourth quarter of 2014
- International Services revenue was $124 million, up 5% contrast to the first quarter of 2014, and down 15% sequentially
- S. Services revenue was $109 million, up 5% contrast to the first quarter of 2014, and down 7% sequentially
- Tubular Sales revenue was $44 million, up 4% contrast to the first quarter of 2014, and down 20% sequentially
- Income from ongoing operations was $46 million with $34 million of net income, or $0.22 per share, attributable to common shareholders
- Diluted earnings per share were $0.21 with weighted average shares outstanding of 208 million
- Adjusted EBITDA totaled $100 million with an adjusted EBITDA margin of 36%
- Effective tax rate for the first quarter of 2015 was 20%.
Frank’s International N.V. provides various engineered tubular services for the oil and gas exploration and production companies in the United States and internationally.
At the end of Wednesday’s trade, Shares of Tahoe Resources Inc. (NYSE:TAHO), jumped 6.80% to $13.51.
Tahoe Resources, declared financial results for the quarter ending March 31, 2015 and to provide a production update for its operations in Guatemala and Peru.
Highlights for the first quarter of 2015 comprise:
- Net earnings for the quarter amounted to $31.9 million or $0.22 per share.
- Operating cash flow before changes in working capital was $48.9 million or $0.33 per share.
- Revenue of $85.3 million generated from concentrate sales at operating costs of $40.3 million resulted in earnings from operations of $38.7 million.
- Silver production amounted to 4.6 million ounces based on a mill throughput average 3,724 tonnes per day (tpd).
- Total cash costs net of byproduct credits of $7.10 and an all-in sustaining cost (AISC) of $9.78 per ounce produced were realized during the quarter.
- Realized silver price from concentrate sales averaged $17.16 per ounce.
- The Company returned $8.9 million to shareholders through the monthly dividend.
- Cash and equivalents at quarter-end were $86.0 million.
Financial data for the La Arena mine in Peru are not comprised of in the first quarter 2015 results.
Tahoe Resources Inc., together with its auxiliaries, explores for and produces precious metals in the Americas. The company primarily produces silver, in addition to gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala.
CONSOL Energy Inc. (NYSE:CNX), ended its last trade with 6.78% gain, and closed at $30.87.
CONSOL Energy, Board of Directors declared a regular quarterly dividend of $0.0625 per share, payable on May 21, 2015, to shareholders of record on May 11, 2015.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally.
Finally, W&T Offshore Inc. (NYSE:WTI), closed at $6.31, with 6.41% gain.
W&T Offshore, declared that it will release its first quarter 2015 financial and operational results after the market closes on Wednesday, May 6, 2015. In conjunction with the release, the Company has planned a conference call, which will also be broadcast live over the Internet, on Thursday, May 7, 2015, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.
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