On Monday, Navios Maritime Partners L.P. (NYSE:NMM)’s shares declined -4.86% to $12.53.
Navios Maritime Partners L.P. (NMM) declared that its Board of Directors has declared a cash distribution of $0.4425 per unit for the quarter ended March 31, 2015. This distribution represents an annualized distribution of $1.77 per unit.
The cash distribution will be payable on May 14, 2015 to unit holders of record as of May 13, 2015.
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Europe, Asia, North America, and Australia. It provides seaborne transportation services for a range of drybulk commodities that comprise iron ore, coal, grain, and fertilizers, in addition to charters its vessels under medium to long-term charters.
Westlake Chemical Corporation (NYSE:WLK)’s shares dropped -4.29% to $74.38.
Westlake Chemical Corporation (WLK) stated net income for the first quarter of 2015 of $146.3 million, or $1.10 per diluted share, on net sales of $1,103.5 million. This represents a decrease in net income of $11.7 million, or $0.08 per diluted share, contrast to the quarter ended March 31, 2014 net income of $158.0 million, or $1.18 per diluted share, on net sales of $1,027.7 million. Net sales for the first quarter of 2015 raised by $75.8 million contrast to net sales for the first quarter of 2014, mainly attributable to sales contributed by Vinnolit, our specialty PVC resin business, which we attained in July 2014, partially offset by lower sales prices for our major products. Income from operations was $229.3 million for the first quarter of 2015 as contrast to $248.1 million for the first quarter of 2014. Income from operations for the first quarter of 2015 benefited from improved vinyls integrated product margins, mainly as a result of the cost-advantaged ethane feedstock presently utilized at the Calvert City, Kentucky ethylene plant following the completion of a feedstock conversion and ethylene expansion project, improved production rates at the Geismar, Louisiana chlor-alkali plant and the contribution from Vinnolit as contrast to the first quarter of 2014. However, this benefit was more than offset by lower olefins integrated product margins as a result of lower sales prices in the first quarter of 2015 as contrast to the preceding-year period. Sales prices in the first quarter of 2015 were negatively influenced by the noteworthy decline in crude oil prices.
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls.
At the end of Monday’s trade, Gastar Exploration Inc (NYSEMKT:GST)‘s shares dipped -3.96% to $3.64.
Gastar Exploration Inc (GST) declared that it will release its first quarter 2015 results on Thursday, May 7, 2015 after the market closes. In conjunction with the release, Gastar has planned a conference call for 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Friday, May 8. Investors may take part in the call either by phone or audio webcast.
Gastar Exploration Inc., an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States.
EnerNOC, Inc. (NASDAQ:ENOC), ended its Monday’s trading session with -4.28% loss, and closed at $12.31.
EnerNOC, Inc. (ENOC) declared that it will release financial results for the first quarter of 2015 on Thursday, May 7, 2015 after the market closes. The Company’s administration team plans to host a live conference call and webcast at 5:00 p.m. eastern time on that day to talk about financial results and administration’s outlook for the business.
EnerNOC, Inc. provides energy intelligence software (EIS) and related solutions for commercial, institutional, and industrial customers. The company offers EIS and related solutions to enterprise customers with a Software-as-a-Service solution to manage energy supplier selections, procurement, and implementation; energy budget forecasting; utility bills and payments; facility optimization, counting the measurement, tracking, analysis, and reporting on greenhouse gas emissions; project tracking; demand response in open and vertically-integrated markets; and peak demand and the related cost impact.
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