On Monday, RPC, Inc. (NYSE:RES)’s shares inclined 0.41% to $9.82.
RPC, Inc. (RES) declared its unaudited results for the second quarter ended June 30, 2015. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.
For the quarter ended June 30, 2015, revenues reduced 48.9 percent to $297.6 million contrast to $582.8 million in the second quarter of last year. Revenues reduced contrast to the preceding year due to lower activity levels and pricing in our major service lines. Operating loss for the quarter was $52.5 million contrast to operating profit of $103.0 million in the preceding year. Net loss for the quarter was $34.1 million or $0.16 loss per share, contrast to net income of $63.3 million or $0.29 diluted earnings per share last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) reduced to $17.6 million contrast to $160.4 million in the preceding year.1 For the six months ended June 30, 2015, revenues reduced 35.1 percent to $703.8 million contrast to $1.1 billion last year. Net loss for the six month period was $26.5 million, or $0.12 per share, contrast to net income of $102.7 million, or $0.47 diluted earnings per share last year.
RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand. The company operates in two segments, Technical Services and Support Services.
Newfield Exploration Co. (NYSE:NFX)’s shares dropped -1.82% to $33.51.
Newfield Exploration Company (NFX) is planned to present at the UBS Houston Energy Bus-less Tour at 11:15 a.m. (Central), on September 17, 2015.
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s primary areas of operation comprise the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.
At the end of Monday’s trade, First Solar, Inc. (NASDAQ:FSLR)‘s shares dipped -5.31% to $46.20.
Marking a major milestone in the planned expansion of one of the nation’s leading renewable generation portfolios, Southern Company partner Southern Power recently declared the acquisition of a controlling interest in the company’s largest solar asset – the 300-megawatt (MW) Desert Stateline Facility in California – from First Solar Inc., which will retain the remaining interest in the project. This project represents Southern Power’s and First Solar’s fourth shared acquisition.
Southern Power’s seventh solar acquisition in California, the Desert Stateline Facility, will be located on 1,685 acres of federally managed public land in San Bernardino County and is predictable to comprise of about 3.2 million of First Solar’s thin-film photovoltaic (PV) solar modules mounted on fixed-tilt tables. Once operational, the Desert Stateline Facility is predictable to be capable of generating enough electricity to assist meet the energy needs of nearly 100,000 average homes.
First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, in addition to owners and operators of photovoltaic (PV) solar power systems.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
