On Tuesday, Enterprise Products Partners L.P. (NYSE:EPD)’s shares inclined 3.94% to $30.58.
Enterprise Products Partners L.P. (EPD) declared that the board of directors of its general partner declared an enhance in the quarterly cash distribution paid to partners to $0.38 per common unit, or $1.52 per unit on an annualized basis. The quarterly distribution will be paid on Friday, August 7, 2015, to unitholders of record as of the close of business on Friday, July 31, 2015. This distribution, which represents a 5.6 percent enhance over the distribution declared with respect to the second quarter of 2014, is the 53rd distribution enhance since Enterprise’s initial public offering in 1998 and the 44th successive quarterly enhance.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services. This segment operates NGL pipelines aggregating about 19,400 miles; NGL and related product storage facilities; and 15 NGL fractionators. The company’s Onshore Natural Gas Pipelines & Services segment operates about 19,300 miles of onshore natural gas pipeline systems to gather and transport natural gas in Colorado, Louisiana, New Mexico, Texas, and Wyoming. This segment also leases salt dome natural gas storage facilities; and markets natural gas. Its Onshore Crude Oil Pipelines & Services segment operates about 5,400 miles of onshore crude oil pipelines; and markets crude oil.
NetApp Inc. (NASDAQ:NTAP)’s shares gained 0.96% to $31.60.
NetApp ( NTAP) expanded its all-flash storage array line with new models tailored for enterprise buyers. The All Flash FAS (AFF) 8000 series packs world-class performance and the industry’s best data administration in a single solution. It ships with NetApp® Data ONTAP® FlashEssentials innovations, which enhance flash performance and efficiency.
All-flash storage changes the way companies do business by dramatically speeding application performance and improving server efficiency. The all-flash choices accessible from other vendors recently, however, lack core enterprise capabilities such as application integration, built-in data protection, and integration with the cloud. The AFF8000 series delivers the benefits that make all-flash systems ready for broad enterprise deployment. Customers also achieve better ROI for the long term as a result of NetApp’s unique ability to seamlessly move data from flash to disk to cloud as it ages.
NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data administration, and built-in software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; E-Series storage systems for storage area network workloads (SAN); all-flash arrays that deliver input/output operations per second and ultralow latency to drive speed, responsiveness, and value from the applications that control key business operations; and hybrid arrays for mainstream business applications.
At the end of Tuesday’s trade, Rowan Companies PLC (NYSE:RDC)‘s shares surged 2.17% to $20.21.
Rowan Companies (RDC) plans to report earnings for the three months ended June 30, 2015 on Wednesday, August 5, 2015, before the open of the financial markets in the United States. Following the earnings report, the Company will conduct a conference call at 10:00 a.m. Central Daylight Time to talk about its operating results. Interested parties can listen to the conference call by telephone or over the internet.
Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia, and Trinidad. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.
Energy Transfer Equity LP (NYSE:ETE), ended its Tuesday’s trading session with -0.59% loss, and closed at $63.59.
Energy Transfer Equity, L.P. (ETE) stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) (“Williams” or “WMB”) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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