On Tuesday, Following U.S. Stocks were among the “Top Losers”:NN Inc. (NASDAQ:BBEP), American Eagle Energy Corporation (NYSEMKT:AMZG), United Natural Foods, Inc. (NASDAQ:UNFI), GNC Holdings Inc. (NYSE:GNC)
- NN Inc. (NASDAQ:BBEP) with shares dwindled -9.03%, closed at $6.35.
- American Eagle Energy Corporation (NYSEMKT:AMZG), with shares declined -8.94%, settled at $0.16.
- United Natural Foods, Inc. (NASDAQ:UNFI), with shares dipped -8.54%, and closed at $74.53.
- GNC Holdings Inc. (NYSE:GNC), dropped -8.53%, and closed at $44.65.
Latest NEWS regarding these Stocks are depicted underneath:
Breitburn Energy Partners L.P. (NASDAQ:BBEP)
Breitburn Energy Partners L.P. (BBEP), declared financial and operating results for the fourth quarter and full year 2014.
Fourth Quarter 2014 Operating and Financial Results Contrast to Third Quarter 2014:
- Total production was 4,170 MBoe in the fourth quarter of 2014 contrast to 3,353 MBoe in the third quarter of 2014. Average daily production was 49.7 MBoe/day in the fourth quarter of 2014 contrast to 36.5 MBoe/day in the third quarter of 2014.
- Oil production raised to 2,327 MBbl contrast to 1,904 MBbl in the third quarter of 2014
- NGL production raised to 368 MBbl contrast to 253 MBbl in the third quarter of 2014
- Natural gas production raised to 8,847 MMcf contrast to 7,178 MMcf in the third quarter of 2014
- Adjusted EBITDA was $127.4 million in the fourth quarter of 2014 (counting attainment and integration costs of $11.7 million) contrast to $118.7 million in the third quarter of 2014, a 7% raise. The raise was primarily due to the mid-quarter closing of the QR Energy transaction and higher commodity derivative instrument settlements, partially offset by lower sales proceed driven by lower crude oil prices and the attainment and integration costs.
- Net revenue attributable to ordinary unitholders was $401.0 million, or $2.27 per diluted ordinary unit, in the fourth quarter of 2014, which comprises non-cash impairment charges of about $119.6 million, or $0.68 per unit as contrast to net revenue of $126.5 million, or $1.03 per diluted ordinary unit, in the third quarter of 2014, which comprises non-cash impairment charges of about $29.4 million, or $0.24 per unit. The raise in non-cash impairment charges was due to the effect of reduced commodity prices on some of our higher cost oil properties.
- Oil, NGL and natural gas sales proceeds were $197.1 million in the fourth quarter of 2014 contrast to $216.1 million in the third quarter of 2014, primarily due to lower realized oil, natural gas and NGL prices due to the decrease in commodity prices.
- Lease operating expenses, which comprise district expenses, processing fees, disposal costs, and transportation costs but exclude taxes, were $92.9 million in the fourth quarter of 2014 contrast to $62.7 million in the third quarter of 2014. The raise was primarily due to the closing of the QR Energy transaction in the fourth quarter, disposal costs related to the East Texas Salt Water Disposal System, and expenses incurred in upgrading pumping equipment in the Permian Basin to reduce future well failure rates.
- General and administrative expenses, not including non-cash unit-based compensation costs and counting QR Energy general and administrative expenses and $11.7 million in related attainment and integration costs, were $28.1 million in the fourth quarter of 2014 contrast to $12.9 million in the third quarter of 2014.
- Gains on commodity derivative instruments were $587.6 million in the fourth quarter of 2014 contrast to gains of $146.2 million in the third quarter of 2014, primarily due to decreases in oil and natural gas futures prices during the fourth quarter of 2014. Derivative instrument settlement receipts were $62.1 million in the fourth quarter of 2014 contrast to payments of $3.7 million in the third quarter of 2014, primarily due to lower oil prices.
- NYMEX WTI oil spot prices averaged $73.21 per Bbl and Brent oil spot prices averaged $76.43 per Bbl in the fourth quarter of 2014 contrast to $97.87 per Bbl and $101.90 per Bbl, respectively, in the third quarter of 2014. Henry Hub natural gas spot prices averaged $3.78 per Mcf in the fourth quarter of 2014 contrast to $3.96 per Mcf in the third quarter of 2014.
- Average realized crude oil, NGL, and natural gas prices, not including the effects of commodity derivative settlements, averaged $69.36 per Bbl, $26.38 per Bbl and $4.07 per Mcf, respectively, in the fourth quarter of 2014 contrast to $90.12 per Bbl, $37.87 per Bbl and $4.12 per Mcf, respectively, in the third quarter of 2014.
- Oil, NGL and natural gas capital expenditures were $113 million (or $88 million after not including capital spending of $25 million attributable to QR Energy assets) in the fourth quarter of 2014 contrast to $108 million in the third quarter of 2014.
- Distributable cash flow, a non-GAAP financial measure, was $43.9 million in the fourth quarter of 2014 contrast to $53.3 million in the third quarter of 2014.
BreitBurn Energy Partners L.P is an oil and gas partnership focused on the attainment, exploitation and development of oil, natural-gas liquids (NGL) and gas properties in the United States. The Corporation’s properties comprise oil, natural gas and midstream assets in Michigan, Oklahoma, Texas, Wyoming, California, Florida and Indiana/Kentucky.
American Eagle Energy Corporation (NYSEMKT:AMZG)
Formerly on March 2, American Eagle Energy Corporation (AMZG), declared an operations update for the fourth quarter ending December 31, 2014, capital spending and production guidance, and estimated proved reserves for year-end 2014.
Production Volume and Lease Operating Expense Guidance:
American Eagle estimates that its average production for the fourth quarter ended December 31, 2014, was about 2,588 BOEPD. The Corporation estimates that average production for the first quarter ended March 31, 2015, will be about 1,900 BOEPD. The lower estimated quarterly production reflects the loss of production from the formerly declared non-core asset sale, normal production decline, raised downtime from workovers associated with the conversion of six wells from higher cost submersible pumps to rod pumps and from winter weather.
American Eagle calculated an average lease operating expense (“LOE”) for the fourth quarter of about $25 per barrel of equivalent (“BOE”), which was significantly elevated from previous periods due to year-end adjustments and utilization of higher cost submersible pumps. The Corporation estimates that LOE expenses will trend downward in 2015 from about $20 per BOE to a likely range of $15 to $17 per BOE, reflecting savings from the full utilization of the installed salt water disposal pipelines, arrival of the electrical infrastructure and conversion of submersible pumps to more cost efficient rod pumps. American Eagle is also in the early stages of exploring options to connect to a crude oil gathering system in the area.
American Eagle Energy Corporation is engaged in the attainment, exploration, development and production of oil and gas properties. The corporation is focused on the exploration for petroleum and natural gas in the States of Nevada, Utah, Texas, Colorado, and North Dakota, the North Sea, and southeastern Saskatchewan, Canada, through the attainment of contractual rights for oil and gas property leases and the participation in the drilling of exploratory wells.
United Natural Foods, Inc. (NASDAQ:UNFI)
United Natural Foods, Inc. (UNFI), stated financial results for the second quarter of fiscal 2015 ended January 31, 2015.
Second Quarter Fiscal 2015 Highlights:
- Net sales raised 22.5% to $2.02 billion for the second quarter of fiscal 2015 contrast to $1.65 billion for the same period last fiscal year
- Operating revenue raised 1.3% to $49.5 million for the second quarter of fiscal 2015 contrast to $48.8 million for the same period last fiscal year; adjusted to exclude the effect of a $7.7 million non-recurring reduction in net sales, adjusted operating revenue raised 17.2% to $57.2 million.
Fiscal 2015 Year to Date Summary:
Net sales for the six months ended January 31, 2015 totaled $4.01 billion, a 23.4% raise over the comparable preceding fiscal year period. Gross margin reduced 119 basis points to 15.4% contrast to the six months ended February 1, 2014. This decrease was primarily due to the dilution from Tony’s net sales, a shift in mix of sales, unfavorable foreign exchange for the Corporation’s Canadian business, and the non-recurring item noted above.
At 12.7% of net sales, total operating expenses for the six months ended January 31, 2015 were 89 basis points lower than the comparable preceding fiscal year period. Total operating expenses raised $67.8 million, or 15.3%, to $510.3 million from $442.5 million for the six months ended February 1, 2014. The six months ended January 31, 2015 comprised of startup costs of about $1.8 million related to the Corporation’s Hudson Valley, New York and Auburn, California facilities, $0.6 million associated with the write-off of an intangible asset related to the Corporation’s Canadian division, which was attained in June 2010, a $0.2 million restructuring charge related to the closure of the Corporation’s Aux Mille facility located in Quebec, Canada, and about $0.3 million in costs related to the Corporation’s attainment of Tony’s.
Operating revenue for the six months ended January 31, 2015 raised 11.4%, or $11.0 million, to $107.9 million from $96.9 million for the six months ended February 1, 2014. Operating revenue as a percentage of net sales reduced 29 basis points to 2.7% contrast to the same period last fiscal year. Adjusted operating revenue raised $20.4 million, or 21.0%, to $117.2 million for the six months ended January 31, 2015, not including the reduction in net sales noted above.
Net revenue for the six months ended January 31, 2015 raised $5.2 million, or 9.3%, to $60.9 million, or $1.21 per diluted share, from $55.7 million, or $1.12 per diluted share for the six months ended February 1, 2014. Adjusted net revenue for the six months ended January 31, 2015 raised $10.8 million, or 19.4%, to $66.5 million, or $0.21 per diluted share, to $1.33 per diluted share not including the reduction in net sales noted above.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.
GNC Holdings Inc. (NYSE:GNC)
GNC Holdings Inc. (GNC), a leading global specialty retailer of health and wellness products, declared that independent, third party testing of certain product lots in its Herbal Plus® product line has confirmed that the products are safe, pure, properly labeled and in full compliance with all regulatory requirements.
These products have now been presented to the following four sets of rigorous tests:
- During the production process;
- Post - production and preceding to distribution;
- Retested in response to the New York State Attorney General’s February 2, 2015 inquiry;
- At GNC’s own initiative, tested by an independent third-party laboratory and reviewed by an independent expert.
In all four instances, the testing showed that the GNC Herbal Plus® products meet all requirements for safety, quality, purity and proper labeling on these products. These results clearly and conclusively demonstrate that the Corporation’s products contain all herbal extracts listed on their respective labels and are compliant with regulations preceding to distribution. The Corporation has shared the results of the third party tests with the Attorney General.
GNC also presented the test results to Frank S. Davis, PhD and Director of Regulatory Affairs for Regulatory Compliance Associates, to review the results. In his report, Dr. Davis concluded, “Testing of the specified lots of products by accepted and reliable methods, and with reference to limits promulgated by the USP [United States Pharmacopeia], supports that these lots are not adulterated or mislabeled, contrary to the allegations of the NY AG Letter.” Dr. Davis continued, “It is therefore scientifically sound to accept results of the manufacturer and of the independent laboratories, and conclude that the tested lots meet the requirements for safety, identity, purity, strength and composition, to demonstrate the correct content of phytochemicals, without contamination from heavy metals or pesticides.”
GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a leading global specialty retailer of health and wellness products - counting vitamins, minerals, and herbal supplement products, sports nutrition products and diet products - and trades on the New York Stock Exchange under the symbol “GNC.”
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content of 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.
