On Tuesday, MPLX LP (NYSE:MPLX)’s shares declined -2.84% to $43.40.
MPLX LP (MPLX) stated second-quarter 2015 net income attributable to MPLX of $51.2 million, or $0.50 per common limited partner unit, contrast with $28.8 million, or $0.37 per common limited partner unit, for the second quarter of 2014. Second-quarter 2015 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) attributable to MPLX were $70.7 million and distributable cash flow attributable to MPLX was $61.0 million.
As declared on July 21, the board of directors of MPLX`s general partner declared a distribution of $0.44 per common unit. This represents an enhance of $0.03 per unit, or 7.3 percent, over the first-quarter 2015 distribution and an enhance of $0.0975 per unit, or 28.5 percent, over the second-quarter 2014 distribution. Since the partnership`s initial public offering in October 2012, the MPLX board has authorized distribution enhances for ten successive quarters, representing a compound annual growth rate of 23 percent over the minimum quarterly distribution established at the partnership`s formation.
MPLX LP owns, operates, develops, and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined product, and other hydrocarbon-based products in the United States. As of December 31, 2014, the company owned a 99.5% interest in an entity, which in turn collectively owned and operated a network of pipeline systems that comprise about 1,004 miles of common carrier crude oil pipelines; and about 1,902 miles of common carrier product pipelines in 9 states.
PPG Industries, Inc. (NYSE:PPG)’s shares gained 0.13% to $94.28.
PPG Industries (PPG) declared that it has accomplished its acquisition of IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than $100 million. Financial terms were not revealed.
IVC, based in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products, counting metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the U.S. (two in Brazil, Indiana, and one each in Grand Haven, Michigan; Atlanta, Georgia; and Casa Grande, Arizona), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture.
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.
At the end of Tuesday’s trade, Apple Hospitality REIT Inc (NYSE:APLE)‘s shares dipped -0.83% to $19.22.
Apple Hospitality REIT, Inc. (APLE) declared that it plans to report financial results for the second quarter of 2015 after the market closes on Thursday, August 6, 2015, and host a conference call for investors and interested parties on Friday, August 7, 2015, at 9:00 AM ET, to talk about the results.
Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry. It is focused on the acquisition and ownership of income-producing real estate. The firm was formerly known as Apple REIT Nine, Inc. Apple Hospitality REIT, Inc. was founded on November 9, 2007 and is based in Richmond, Virginia.
Unilife Corp (NASDAQ:UNIS), ended its Tuesday’s trading session with -14.39% loss, and closed at $1.13.
Unilife Corporation ( UNIS), declared the implementation of a multifaceted financing strategy that provides the Company with flexibility and control to support its continued business growth.
Unilife has signed an equity purchase agreement for up to $45 million with Lincoln Park Capital Fund, LLC (“LPC”), a Chicago-based institutional investor, which provides the Company with $5 million in initial net proceeds and the option to generate, at its sole control and discretion, up to $40 million in additional net proceeds over 24 months. Unilife has also implemented a $25 million At-the-Market facility with Cantor Fitzgerald that can be used at the Company’s discretion.
Unilife Corporation designs, manufactures, and supplies injectable drug delivery systems in the United States and internationally. The company offers Unifill, a pre-filled syringe with integrated, automatic, and user-controlled retraction; Unifill Finesse, an integrated, automatic, and user-controlled retraction with standard plunger seal and plunger rod; Unifill Select, which allows an end-user to select and attach a needle at the time of injection; Unifill Nexus that is equipped with an integrated luer adapter to provide connectivity with needleless luer access devices; and Unifill Allure, which combines universal luer connectivity with automatic, user-controlled needle retraction.
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