On Friday, Baytex Energy Corp (USA) (NYSE:BTE)’s shares declined -7.28% to $8.53.
Baytex Energy Corp. (BTE) reports its operating and financial results for the three and six months ended June 30, 2015.
Highlights
- Generated production of 84,812 boe/d (82% oil and NGL) in Q2/2015;
- Delivered funds from operations (“FFO”) of $158.0 million ($0.77 per share) in Q2/2015;
- Realized an operating netback (sales price less royalties, production and operating expenses, and transportation expenses) in Q2/2015 of $20.66/boe ($25.85/boe counting financial derivative gains);
- Advanced the multi-zone development potential of our Eagle Ford acreage with 30-day initial production rates per well ranging from 900 to 1,600 boe/d for two projects that targeted three separate horizons;
- Maintained a conservative payout ratio, net of participation in our dividend reinvestment plan (“DRIP”), of 24% (39% before DRIP) in Q2/2015; and
- Accomplished an equity financing on April 2, 2015, raising net proceeds of about $606 million which were applied to reduce outstanding indebtedness.
- Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids. As of December 31, 2014, it had proved reserves of 283 million barrels of oil equivalent (mmboe); and proved plus probable reserves of 432 mmboe.
XXXXXXXX)’s shares gained 0.84% to $47.87.
International Paper (IP) declared a quarterly dividend of $0.40 per share for the period from July 1, 2015, to September 30, 2015, inclusive, on its common stock, par value $1.00. This dividend is payable on September 15, 2015, to holders of record at the close of business on August 14, 2015.
Recently the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2015, to September 30, 2015, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on September 15, 2015, to holders of record at the close of business on August 14, 2015.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, counting linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
At the end of Friday’s trade, Williams Partners LP (NYSE:WPZ)‘s shares dipped -2.29% to $46.13.
Williams Partners L.P. (WPZ) stated second quarter 2015 adjusted EBITDA of $1.01 billion, a $291 million, or 41 percent, enhance from second quarter 2014.
The enhance in adjusted EBITDA for second quarter 2015 is due to enhances of $345 million from Access Midstream as a result of the merger, $119 million from the Atlantic-Gulf segment and $16 million from the Northeast G&P segment. Partially offsetting these enhances were a $135 million decrease at NGL & Petchem Services due primarily to the absence of $138 million of assumed business interruption proceeds related to the Geismar plant and a $55 million decrease in the West due to lower NGL margins.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North Americas hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. The Northeast G&P segment comprises midstream gathering and processing businesses in the Marcellus and Utica shale regions; and a 51 percent equity investment in Laurel Mountain Midstream, LLC, in addition to a 47.5 percent equity investment in Caiman Energy II, LLC.
Applied Micro Circuits Corporation(NASDAQ:AMCC), ended its Friday’s trading session with 6.88% gain, and closed at $6.21.
Applied Micro Circuits Corporation (AMCC) stated its financial results for the fiscal 2016 first quarter ended June 30, 2015.
Fiscal Q1 2016 Financial Information
- Merged net revenue of $37.8 million
- GAAP net loss of $7.4 million or $0.09 per share
- Non-GAAP net loss of $3.3 million or $0.04 per share
- Total cash, cash equivalents and short-term investments of about $76.6 million as of June 30, 2015
AppliedMicro provides non-GAAP results as additional information regardingits financial condition and business trends. This information should be considered in conjunction with corresponding GAAP measures. A reconciliation between GAAP and non-GAAP financial results is offered in the financial tables section of this press release.
Applied Micro Circuits Corporation provides silicon solutions for next-generation cloud infrastructure and data centers; and connectivity products for edge, metro, and long haul communications equipment in the United States and internationally. The company offers X-Gene, a server on a chip product for use in cloud data center, computing, and enterprise applications; and embedded computing products that are applied in control- and data-plane administration, wireless access points, residential gateways, wireless base stations, storage controllers, network attached storage, network switches and routing products, and multi-function printers.
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