On Friday, Energy Transfer Partners LP (NYSE:ETP)’s shares declined -1.78% to $46.87.
Energy Transfer Equity, L.P. (ETE) stated financial results for the quarter ended June 30, 2015.
Distributable Cash Flow, as adjusted, for the three months ended June 30, 2015 was $335 million contrast to $218 million for the three months ended June 30, 2014, an enhance of $117 million. Distributable Cash Flow, as adjusted, per unit was $0.31 for the three months ended June 30, 2015, an enhance of 55% contrast to the three months ended June 30, 2014. ETE’s net income attributable to partners was $298 million for the three months ended June 30, 2015 contrast to $164 million for the three months ended June 30, 2014, an enhance of $134 million.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
Zoetis Inc (NYSE:ZTS)’s shares gained 0.06% to $48.31.
Zoetis Inc. (ZTS) stated its financial results for the second quarter of 2015 and updated its full year 2015 guidance.
The company stated revenue of $1.2 billion for the second quarter of 2015, which raised 1% contrast to the second quarter of 2014. Revenue reflected an operational2 enhance of 11%, not taking into account the impact of foreign exchange.
The net loss for the second quarter of 2015 was $37 million, or $0.07 per diluted share, which comprises $263 million in pre-tax charges related to the company’s formerly declared comprehensive operational efficiency initiative. Adjusted net income1 for the second quarter of 2015 was $216 million, or $0.43 per diluted share, an enhance of 14% and 13%, respectively. Adjusted net income for the second quarter of 2015 excludes the net impact of $253 million, or $0.50 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain noteworthy items. On an operational basis, adjusted net income for the second quarter of 2015 raised 20%, with foreign currency having a negative impact of 6 percentage points.
Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide. The company operates through four segments: the United States; Europe/Africa/Middle East; Canada/Latin America; and Asia/Pacific. It offers anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; vaccines that are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; and parasiticides that prevent or eliminate external and internal parasites, such as fleas, ticks, and worms.
At the end of Friday’s trade, Reynolds American, Inc. (NYSE:RAI)‘s shares dipped -1.05% to $86.16.
Reynolds American Inc. (RAI) has issued the following press release: “Strong operating performance drives RAI’s 2Q15 results. Company declares: Dividend enhance, two-for-one stock split, raised full-year EPS guidance.”
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names.
Plug Power Inc (NASDAQ:PLUG), ended its Friday’s trading session with 1.27% gain, and closed at $2.40.
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, recently reports its 2015 second quarter results. The quarterly results are the Company’s best in its 19-year history, and comprise:
- Record revenues of $24M
- Bookings in excess of $59M
- Positive gross margin at 7 percent
Most notably, Plug Power realized 26 percent gross margins from its longest-running product line, GenDrive, up from 17 percent in the same quarter of 2014. Plug Power has been selling GenDrive to material handling customers commercially since 2010. Recently, more than 8,500 units have been deployed in North America, and have accumulated more than 107 million operating hours.
Plug Power continues to see ongoing success and multiple deployments with repeat customers such as Walmart and Kroger, where distribution center conversion rates average one to three facilities per quarter. The GenKey value proposition has been validated by large customers like these and many others, but GenKey is increasingly attractive to mid-size customers such as Dietz and Watson, FreezPak Logistics and Newark Farmers Market because Plug Power provides cost-effective access to hydrogen through GenFuel.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. The company’s product line comprises GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, which is a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; and ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.
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