On Wednesday, PG&E Corporation (NYSE:PCG)’s shares inclined 1.06% to $53.19.
Pacific Gas and Electric Company (PG&E) declared its $1 million commitment to support the installation of rooftop solar on 79 hoes with 18 different Habitat for Humanity local associates throughout Northern and Central California. From the Mendocino Coast to Merced, PG&E’s Solar Habitat Program, in partnership with Habitat for Humanity, is making affordable housing and solar energy a reality for deserving families, particularly in neighborhoods that have been historically underserved and overlooked.
For 10 years, PG&E’s Solar Habitat Program has offered more than $9.6 million to assist respond to the housing needs of families in Northern and Central California. As the exclusive solar partner of Habitat for Humanity in the Bay Area, PG&E’s Solar Habitat Program has funded the installation of solar on more than 600 new-construction Habitat for Humanity homes throughout the utility’s Northern and Central California service area.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network comprises of 141,700 circuit miles of electric distribution lines, 55 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises 18,100 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system comprises of about 42,700 miles of distribution pipelines, about 6,400 miles of backbone and local transmission pipelines, and various storage facilities.
Ambarella Inc (NASDAQ:AMBA)’s shares dropped -2.56% to $110.05.
Ambarella, Inc., (AMBA) declared that it will hold its Q2 FY 2016 conference call on Tuesday, Sept. 1, 2015 at 2:00 p.m. Pacific Time. The company will issue its earnings release after the market closes the same day.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
At the end of Wednesday’s trade, Seagate Technology PLC (NASDAQ:STX)‘s shares surged 1.20% to $51.62.
Seagate Technology plc (STX), a world leader in storage solutions, declared recently at the Flash Memory Summit conference the new Nytro® XF1440 2.5”, Nytro XM1440 M.2 non-volatile memory express (NVMe) Solid State Drives (SSDs) and the Nytro XP6500 Flash Accelerator Card. These products extend Seagate’s portfolio of flash-based solutions, which are designed to work in conjunction with Seagate storage products to meet nearly any data storage need.
For enterprise and cloud end users in addition to cloud original equipment manufacturers (OEMs) and system partners, these new products feature the highest level of reliability and endurance. The drives and the accelerator card are best suited for demanding enterprise applications, such as online transaction processing (OLTP), high frequency trading, high-performance computing (HPC), data warehousing, data mining and data analytics in addition to workloads with mixed IO sizes and multiple applications running simultaneously.
The Seagate Nytro XF1440 and XM1440 are industry-leading power efficient, high performance NVMe SSDs accessible in ultra-small (2.5” and M.2) form factors. Offering a balance of power and performance, these drives are engineered to enhance storage density, while reducing the storage footprint and power use in data centers.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
Ultra Petroleum Corp. (NYSE:UPL)), ended its Wednesday’s trading session with 5.87% gain, and closed at $7.76.
Ultra Petroleum Corp. (UPL) continued to deliver strong financial and operating performance for the second quarter of 2015. Highlights comprise:
- Produced volumes of 70.5 Bcfe of natural gas and oil, an enhance of 20% above year ago levels
- Generated operating cash flow(1) of $121.9 million for the quarter ended June 30, 2015
- Earnings of $32.1 million in the second quarter of 2015, or $0.21 per diluted share – adjusted(2)
- 47 percent cash flow margin(4) for the second quarter of 2015
Second Quarter Results
Ultra Petroleum stated adjusted net income(2) of $32.1 million, or $0.21 per diluted share for the second quarter of 2015. Operating cash flow(1) was $121.9 million for the quarter ended June 30, 2015.
For the second quarter of 2015, production of natural gas and oil was 70.5 billion cubic feet equivalent (Bcfe). The company’s production for the second quarter was comprised of 65.1 billion cubic feet (Bcf) of natural gas and 900.0 thousand barrels (Mbls) of oil and condensate.
During the second quarter of the year, Ultra Petroleum’s average realized natural gas price was $3.33 per thousand cubic feet (Mcf), counting realized gains and losses on commodity hedges. Not taking into account realized gains and losses on commodity derivatives, the company’s average price for natural gas was $2.52 per Mcf. The company’s average realized oil and condensate price was $48.64 per barrel (Bbl).
Second quarter 2015 results comprised of an unrealized, mark-to-market loss of $56.3 million on the company’s commodity hedges. The unrealized loss is typically excluded by the investment community in published estimates.
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing natural gas reserves in the Green River Basin of Wyoming; oil reserves in the Uinta Basin of Utah; and natural gas reserves in the Appalachian Basin of Pennsylvania.
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