Acquisitions, New Contract, Financial Results, and Technical Updates - Research Reports on Kinder Morgan, Noble Energy, Markwest, Rio Tinto and Phillips 66
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NEW YORK, August 14, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Kinder Morgan Inc. (NYSE: KMI), Noble Energy, Inc. (NYSE: NBL), Markwest Energy Partners LP (NYSE: MWE), Rio Tinto Plc (NYSE: RIO) and Phillips 66 (NYSE: PSX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5728-100free.
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Kinder Morgan Inc. Research Reports
On August 10, 2014, Kinder Morgan Inc. (Kinder Morgan), Kinder Morgan Energy Partners, L.P. (Kinder Energy), Kinder Morgan Management, LLC (Kinder Management) and El Paso Pipeline Partners, L.P. (El Paso) jointly announced that Kinder Morgan will acquire all of the outstanding equity securities of Kinder Energy, Kinder Management and El Paso. Under the terms of the agreement: each Kinder Energy unit will be entitled to receive 2.1931 Kinder Morgan shares and $10.77 in cash resulting in a price of $89.98 per unit, a 12% premium based on the August 8, 2014 closing prices; each Kinder Management share will receive 2.4849 Kinder Morgan shares resulting in a price of $89.75 per share, a 16.5% premium on August 8, 2014 closing price; and each El Paso unit will be entitled to receive 0.9451 Kinder Morgan shares and $4.65 in cash resulting in a price of $38.79 per unit, a 15.4% premium based on August 8, 2014 closing price. The full research reports on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Aug-14-2014/KMI/report.pdf
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Noble Energy, Inc. Research Reports
On August 11, 2014, Noble Energy, Inc. (Noble Energy) announced that the Company has signed a Production Sharing Contract (PSC) with the Government of Gabon covering Block F15 in the Gabon Coastal Basin. According to the terms of the PSC, the Company will be the operator of the block with 60% working interest, while the remaining 40% working interest will be controlled by Woodside Petroleum Ltd., the Company's partner on Block F15. The Company stated that the Block F15 is located approximately 140 kilometers (87 miles) off the coast of Gabon and covers over 2,700 square kilometers. The PSC includes a 4-year seismic commitment and a future option for exploration drilling. The Company stated that this agreement marks its entry into Gabon and further expands its exploration portfolio. The full research reports on Noble Energy are available to download free of charge at:
http://www.analystsreview.com/Aug-14-2014/NBL/report.pdf
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Markwest Energy Partners LP Research Reports
On August 6, 2014, Markwest Energy Partners LP (Markwest) released its Q2 2014 and H1 2014 financial results. The Company reported Q2 2014 total revenue of $518.4 million, up 24.9% YoY. During the quarter, the Company's operating income before items not allocated to segments improved 24.0% YoY to $220.1 million, driven by higher processing volumes. The Company's Q2 2014 net income attributable to Markwest unitholders came in at $9.0 million or $0.05 per diluted share, compared to $83.7 million or $0.55 per diluted share in Q2 2013. According to Zacks consensus estimates, the Company was expected to report Q2 2014 revenues of $532 million. The Company's H1 2014 total revenue improved 30.8% YoY to $1.0 billion, while net income attributable to Markwest unitholders stood at $21.5 million, compared to $68.2 million in H1 2013. The full research reports on Markwest are available to download free of charge at:
http://www.analystsreview.com/Aug-14-2014/MWE/report.pdf
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Rio Tinto Plc Research Reports
On August 7, 2014, Rio Tinto Plc (Rio Tinto) reported H1 2014 consolidated sales revenue of $24.3 billion, down 0.7% YoY. During the quarter, the Company's operating profit declined 3.0% YoY to $5.6 billion. Underlying earnings stood at $5.1 billion, up 21.0% YoY. Profit attributable to owners of Rio Tinto came in at $4.4 billion or 237 cents per diluted share, compared to $1.7 billion or 92.6 cents per diluted share in H1 2013. In addition, the Company declared a 2014 interim dividend of 96.0 cents per share, payable on September 11, 2014, to holders of record at the close of business on August 15, 2014. The full research reports on Rio Tinto are available to download free of charge at:
http://www.analystsreview.com/Aug-14-2014/RIO/report.pdf
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Phillips 66 Research Reports
On August 11, 2014, Phillips 66's stock declined 0.79% to end the trading session at $82.39, underperforming the S&P 500 that moved up 0.28% over the same trading session. Phillips 66's stock opened the session at $83.51 and oscillated in the range of $82.30 - $83.85. Over the past six months, the stock has returned 11.88%, outperforming the S&P 500 that returned 6.47% over the same period. The full research reports on Phillips 66 are available to download free of charge at:
http://www.analystsreview.com/Aug-14-2014/PSX/report.pdf
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