On Tuesday, CMS Energy Corporation (NYSE:CMS)’s shares inclined 0.75% to $33.53.
CMS Energy Corp. (CMS), is offering $100,000 in grants to Michigan communities this year to plant trees, an effort to encourage responsible tree planting and sustainable urban forests in communities across the state.
Up to $2,500 is accessible per community for grants. Consumers Energy sponsors the program annually to encourage responsible tree planting and sustainable urban forests in communities across the state. The Michigan Forest and Park Association reviews applications and forwards its grant recommendations to Consumers Energy.
A tree planting project must meet criteria to avoid conflicts between trees and overhead lines to be eligible. Consumers Energy provides communities with a guide titled “Right Tree Right Place,” a concept developed by the National Arbor Day Foundation, which shows how to choose appropriate tree species and suitable sites in community locations near electric lines.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segment’s distribution system comprises 434 miles of high-voltage distribution radial lines; 4,261 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,022 miles of electric distribution overhead lines; 10,304 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes. The company’s Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas.
Commscope Holding Company Inc (NASDAQ:COMM)’s shares gained 4.15% to $31.14.
CommScope Holding Company, Inc. (COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, stated sales of $867 million and net income of $46 million, or $0.24 per diluted share, for the quarter ended June 30, 2015. Non-GAAP adjusted net income for the second quarter of 2015 was $95 million, or $0.49 per diluted share. A reconciliation of stated GAAP results to non-GAAP results is attached.
For the quarter ended June 30, 2014, CommScope stated sales of $1.1 billion and net income of $28 million or $0.15 per diluted share. Non-GAAP adjusted net income for the second quarter of 2014 was $139 million, or $0.73 per diluted share.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband.
At the end of Tuesday’s trade, ONEOK, Inc. (NYSE:OKE)‘s shares surged 2.35% to $38.76.
ONEOK, Inc. (OKE) will release their second-quarter 2015 earnings after the market closes on Aug. 4, 2015.
ONEOK’s and ONEOK Partners’ executive administration will take part in a joint conference call the following day at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time) on Aug. 5, 2015.
ONEOK, Inc. through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), in addition to owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and owns and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, in addition to stores and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, and propane distributors.
Pioneer Natural Resources (NYSE:PXD), ended its Tuesdays trading session with 4.50% gain, and closed at $126.80.
Pioneer Natural Resources Company (PXD) provided updates on (i) the Company’s expected production for the second quarter of 2015, (ii) expected production for full-year 2015 and (iii) commodity derivatives positions through 2017.
Second Quarter 2015 Production
Pioneer’s production averaged 197 thousand barrels oil equivalent per day (MBOEPD) in the second quarter of 2015, of which 51% was oil production. Oil sales averaged 101 thousand barrels per day (MBPD), natural gas liquids (NGLs) sales averaged 37 MBPD and gas sales averaged 356 million cubic feet per day. The Company’s production guidance for the quarter was 198 MBOEPD to 203 MBOEPD.
Strong Spraberry/Wolfcamp production performance in the second quarter (119 MBOEPD) was partially offset by lower-than-expected production in the Eagle Ford Shale (46 MBOEPD). The shortfall in the Eagle Ford Shale was primarily due to (i) fewer wells being placed on production during the quarter as a result of weather delays and (ii) well performance issues in LaSalle County, an area outside of Pioneer’s core acreage in Karnes and Dewitt counties. Second quarter production in the West Panhandle field (7 MBOEPD) was also negatively impacted by a longer-than-expected turnaround at the Fain gas processing plant and weather impacts.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
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