On Wednesday, BreitBurn Energy Partners L.P. (NASDAQ:BBEP)’s shares inclined 1.13% to $2.69.
Breitburn Energy Partners LP (BBEP) declared financial and operating results for the second quarter 2015 and offered second half 2015 guidance.
Key Highlights
- Closed the $1 billion planned investment led by EIG Global Energy Partners on April 8th, resulting in about $500 million of current accessible liquidity.
- Stated total production of 5.0 MMBoe, in-line with Breitburn’s 2015 guidance.
- Raised Adjusted EBITDA, a non-GAAP financial measure, to $162.9 million (counting costs of $1.1 million for restructuring), a 48% enhance from the second quarter of 2014 and a 10% enhance from the first quarter of 2015.
- Reduced lease operating expenses to $18.72 per Boe in the second quarter of 2015, 6% lower than the first quarter of 2015 and 14% lower than the fourth quarter of 2014.
- Stated distributable cash flow of $58.5 million, or $0.27 per common unit, and distribution coverage ratio of 2.16x based on current monthly distribution of $0.04166 per common unit, or $0.50 per common unit on an annualized basis.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States. The company’s oil, NGL, and natural gas reserves are primarily located in seven producing areas comprising the Arkansas, Louisiana, and East Texas; Michigan, Indiana, and Kentucky; Permian Basin in Texas and New Mexico; the Mid-Continent covering Oklahoma, Kansas, and the Texas Panhandle; Rockies in Wyoming; Florida and Alabama; and California.
Comerica Incorporated (NYSE:CMA)’s shares gained 1.72% to $42.65.
Comerica Bank and RocketSpace declared the launch of a business pitch contest focused on financial technology for the wearables market. Comerica Bank is the presenting sponsor, providing the full prize amount of $50,000 for the winning pitch.
Applications will be accepted through September 16, 2015. The five finalists will be declared on September 30th. Those finalists will compete in a “live” pitch event will be held at RocketSpace, the largest and leading technology ecosystem in the San Francisco Bay Area on October 29, 2015. The judging panel will comprise of executives from Comerica Bank’s Technology and Life Sciences Division, RocketSpace, and leading VCs. The winner will walk away with a check for $50,000.
Comerica Incorporated, through its auxiliaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Administration. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash administration, capital market products, international trade finance, letters of credit, foreign exchange administration services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
At the end of Wednesday’s trade, Commscope Holding Company Inc (NASDAQ:COMM)‘s shares surged 1.37% to $32.22.
With wireless LTE network deployments accelerating across Europe, CommScope has opened a new antenna manufacturing facility that will more quickly satisfy customers’ needs.
The CommScope facility in Brno, Czech Republic will produce base station antennas for wireless operators across Europe, significantly reducing lead times before delivery. The quicker deliveries will assist Europe’s network operators meet aggressive LTE deployment plans as they race to deliver improved service to subscribers. LTE uses new frequency bands and technologies that must be supported in network infrastructure such as base station antennas.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband netoperates worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband. The Wireless segment offers macro cell site solutions primarily under the Andrew brand, counting base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, amplifiers, filters, and backup power solutions; and small cell distributed antenna systems (DAS) solutions that allow wireless operators to enhance spectral efficiency, and cellular coverage and capacity in network conditions, such as commercial buildings, urban areas, stadiums, and transportation systems.
Nuance Communications Inc. (NASDAQ:NUAN), ended its Wednesday’s trading session with 0.99% gain, and closed at $16.25.
Nuance Communications, Inc. (NUAN) declared that the Australian Taxation Office (ATO) has accomplished its two-phased deployment of Nuance’s voice biometrics solutions in its call center in an effort to build stronger customer relationships with taxpayers and enhance authentication by replacing intrusive security questioning. With the introduction of its voice biometrics systems, ATO becomes the first organization in Australia to deploy voice biometrics in this manner.
The ATO receives about nine million calls per year from the community, with around 75 percent of these calls requiring an ATO agent to verify the caller’s identity. In addition, the ATO anticipates to receive more than half (4.3) million of these calls within its three-month peak tax period between July and October 2015. Preceding to voice biometrics, when a customer called to conduct a transaction with the ATO, the authentication process involved several steps, putting pressure not only on customers to provide personal details or have the correct documentation in front of them, but also on the ATO’s call center agents, who collectively spent about 75,000 hours each year just trying to verify customers over the phone.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.
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