Conference Call Schedules, Financial Results, Resumption of Exports, and Transportation Agreements - Research Reports on Rockwood, ENSCO, Freeport-McMoRan, Cheniere and Kinder Morgan
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NEW YORK, August 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Rockwood Holdings Inc (NYSE: ROC), ENSCO PLC (NYSE: ESV), Freeport-McMoRan Inc (NYSE: FCX), Cheniere Energy, Inc (NYSEMKT: LNG) and Kinder Morgan Inc (NYSE: KMI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5442-100free.
Rockwood Holdings Inc Research Reports
On July 23, 2014, Rockwood Holdings Inc. (Rockwood) announced that the Company plans to host a conference call and webcast on August 6, 2014 at 11:00 a.m. ET to discuss its Q2 2014 financial results. The Company informed that a live webcast of the call will also be available its website. According to seven analysts surveyed by Bloomberg Businessweek, the Company is expected to post Q2 2014 EPS of $0.49 and revenues of $370 million. The full research reports on Rockwood are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/ROC/report.pdf
ENSCO PLC Research Reports
On July 30, 2014, ENSCO PLC (ENSCO) released its Q2 2014 and H1 2014 financial results. For Q2 2014 the Company reported operating revenues of $1.2 billion, up 6.4% YoY due to the addition of ENSCO DS-7, ENSCO 120 and ENSCO 121 to the active fleet. Net loss attributable to ENSCO came in at $1.2 billion or $5.07 per diluted share, compared to net income of $360.9 million or $1.55 per diluted share in Q2 2013. Jay Swent, Executive Vice President and CFO, ENSCO, said, "The loss of $5.07 per diluted share in second quarter 2014 reflects write-downs to the carrying values of eight floaters following a comprehensive review of our fleet in light of more challenging market conditions." For H1 2014, the Company reported operating revenues of $2.3 billion, up 7.5% YoY. Net loss attributable to ENSCO came in at $880.2 million, compared to $678.0 million in H1 2013. The full research reports on ENSCO are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/ESV/report.pdf
Freeport-McMoRan Inc Research Reports
On July 25, 2014, Freeport-McMoRan Inc. (Freeport-McMoRan) reported that its Indonesian subsidiary PT Freeport Indonesia (PT-FI) can resume its export of copper concentrates following the approval of Government of Indonesia. The Company stated that PT-FI will resume full operations immediately and concentrate exports are expected to commence in August, 2014. Freeport-McMoRan informed that PT-FI has signed a Memorandum of Understanding (MOU) with the Government of Indonesia under which the Government and PT-FI have agreed to negotiate an amended Contract of Work (COW), to be completed over the next six months, to address provisions related to the size of concession area, royalties and taxes, domestic processing and refining, divestment, local content, and continuation of operations post-2021. The Company informed that with the signing of MOU, PT-FI has also agreed to pay export duties in accordance with the new regulation issued in July 2014. The full research reports on Freeport-McMoRan are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/FCX/report.pdf
Cheniere Energy, Inc Research Reports
On July 31, 2014, Cheniere Energy, Inc. (Cheniere) reported its Q2 2014 financial results with total revenues of $67.6 million, up 0.7% YoY. During the quarter, the Company narrowed its loss from operations to $62.1 million, from $136.3 million in Q2 2013. Net loss attributable to common stockholders came in at $201.9 million or $0.90 diluted loss per share, compared to $154.8 million or $0.71 per diluted share in Q2 2013. For H1 2014, the Company reported total revenues of $135.2 million, up 1.6% YoY. Net loss attributable to common stockholders was $1.34 per diluted share, compared to $1.26 per diluted share in H1 2013. The Company stated that the Q2 2014 and H1 2014 results include significant items of $189.8 million and $236.6 million, respectively, versus $7.1 million and $41.6 million, respectively, for the comparable periods of 2013. The full research reports on Cheniere are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/LNG/report.pdf
Kinder Morgan Inc Research Reports
On July 31, 2014, Kinder Morgan Inc. (Kinder Morgan) reported that its Kinder Morgan Energy Partners, L.P.'s affiliate, El Paso Natural Gas Company (EPNG), has entered into a 21-year firm transportation agreement with Mexico's Comisión Federal de Electricidad (CFE) to initially provide approximately 163,000 dekatherms per day (Dth/d) of firm transportation capacity by October 2014, reaching up to 200,000 Dth/d by October 2017 and 550,000 Dth/d by October 2020. Kinder Morgan informed that the phased capacity expansion will be achieved using existing and expansion capacity on the EPNG system. The Company expects to incur approximately $529 million of capital expenditures for this expansion. The Company stated that the engineering and procurement activity for the first phase of expansion has started, which includes system improvements to deliver volumes to the Sierrita Pipeline near Tucson by October 2014. The full research reports on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/KMI/report.pdf
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