On Tuesday, Jacobs Engineering Group Inc(NYSE:JEC)’s shares declined -2.2% to $39.48.
Jacobs Engineering Group Inc. (JEC) declared recently it was selected by ExxonMobil to perform engineering, procurement and construction administration (EPCM) services for its Crude Flexibility Engineering and Construction Project at the ExxonMobil Refinery in Beaumont, Texas.
Company officials did not disclose the contract value, but noted that this project is a release against an existing long-term agreement.
The project aims to expand crude oil throughput at ExxonMobil’s Beaumont refinery, enhance production in the jet fuel unit, and optimize energy usage by enabling the crude unit to run different crude slates.
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that comprise engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, counting services performed in connection with scientific testing, analysis, and consulting activities, in addition to information technology, and systems engineering and integration activities.
VeriFone Systems Inc (NYSE:PAY)’s shares gained 0.03% to $30.03.
VeriFone Systems, Inc. (PAY) will release its third quarter fiscal 2015 financial results after the market closes on September 3, 2015.
The administration of Verifone will host a webcast to review the financial results that day at 1:30 pm (PT).
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
At the end of Tuesday ‘s trade, Wyndham Worldwide Corporation (NYSE:WYN)‘s shares dipped -1.79% to $75.13.
Wyndham Hotel Group is set to expand its presence in South Korea by more than 200 percent over the next three years thanks to the signings of 12 new property franchise agreements so far in 2015, counting agreements for three Howard Johnson® hotels, marking the brand’s entry into South Korea.
This year’s signings build upon another 14 franchise agreements in South Korea executed by Wyndham Hotel Group in 2014, bringing the company’s pipeline in the country to more than 7,550 rooms within 26 new-construction hotels under the Ramada®, Days Inn® and Howard Johnson brand flags. Presently, Wyndham Hotel Group has 13 properties and more than 2,800 rooms open and operating in the country.
Wyndham Worldwide Corporation provides hospitality services and products to individual consumers and business customers worldwide. It operates three in segments: Lodging, Vacation Exchange, and Rentals, and Vacation Ownership. The Lodging segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, in addition to provides property administration services for full-service and select limited-service hotels. As of February 4, 2015, the company had about 7,440 franchised hotels and 638,300 hotel rooms.
Atlas Resource Partners, L.P. (NYSE:ARP), ended its Tuesday ‘s trading session with -5.27% loss, and closed at $3.78.
Atlas Resource Partners, L.P. (ARP) stated operating and financial results for the second quarter 2015.
- Second quarter 2015 Adjusted EBITDA, a non-GAAP measure, was $64.7 million(1), contrast to $70.9 million for the first quarter 2015. The decrease from the first quarter 2015 was due to historical seasonality of ARP’s partnership administration business fee recognition, in addition to lower production margin as a result of planned deferral of capital expenditures and well connections until later in 2015.
- Distributable Cash Flow, a non-GAAP measure, was $25.4 million(1), or about $0.27 per common unit, for the second quarter 2015, contrast with $52.9 million for the preceding year second quarter.
- ARP paid monthly cash distributions totaling $0.325 per common limited partner unit for the second quarter 2015 at a distribution coverage ratio of about 0.83x. Distribution coverage for the first half of 2015 was about 1.0x. On July 22, 2015, ARP declared the June 2015 monthly distribution of $0.1083 per common unit ($1.30 per unit on an annualized basis), which will be paid on August 14, 2015 to unitholders of record as of August 7, 2015.
- On a GAAP basis, net loss was $46.8 million for the second quarter 2015, contrast with a net loss of $19.4 million for the preceding year second quarter. Net loss in the current period was principally generated by the mark-to-market loss recognized in the period from ARP’s financial hedge positions, as ARP suspended hedge accounting as of January 1, 2015.
Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Administration.
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