Quarterly Results, Public Offering Price, and Merger Transactions Update - Research Reports on MPC, Western Gas, Goldcorp, KMI and U.S. Silica
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NEW YORK, November 4, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Marathon Petroleum Corporation (NYSE: MPC), Western Gas Partners LP (NYSE: WES), Goldcorp Inc. (NYSE: GG), Kinder Morgan, Inc. (NYSE: KMI) and U.S. Silica Holdings, Inc. (NYSE: SLCA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7686-100free.
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Marathon Petroleum Corporation Research Reports
On October 30, 2014, Marathon Petroleum Corporation (MPC) reported its Q3 2014 results. The total revenue and other income was reported as $25.5 billion, down 3.0% YoY and the net income increased to $679 million from $173 million in Q3 2013 with diluted EPS of $2.36 as compared to $0.54 in Q3 2013. On segmental basis, the income from operations of Refining and Marketing division were $971 million, up 327.8% YoY led by more favorable net product price realizations and higher U.S. Gulf Coast and Chicago crack spreads, which was partially offset by higher turnaround and other direct operating costs. On the other hand, Company's Speedway segment posted income from its operations at $119 million, up 16.7% YoY, primarily driven by the result of higher light product and merchandise margins. The full research reports on MPC are available to download free of charge at:
http://www.analystsreview.com/Nov-04-2014/MPC/report.pdf
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Western Gas Partners LP Research Reports
On October 30, 2014, Western Gas Partners LP (Western Gas) announced the pricing of its public offering of 7,500,000 common units. The Company stated that it has granted the underwriters a 30-day option to purchase up to 1,125,000 additional common units. The Company anticipates using the net proceeds from the offering inclusive of proceeds from the exercise of underwriters' option, to fund a portion of the cash purchase price of its pending Nuevo Midstream, LLC (Nuevo) acquisition. The common units are priced at $70.85 per unit and the offering is expected to settle and close on November 4, 2014. In case, the Nuevo acquisition is not consummated for any reason, Western Gas plans to use the net proceeds for its general partnership purposes, including the repayment of borrowings under its revolving credit facility. The full research reports on Western Gas are available to download free of charge at:
http://www.analystsreview.com/Nov-04-2014/WES/report.pdf
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Goldcorp Inc. Research Reports
On October 30, 2014, Goldcorp Inc. (Goldcorp) announced its Q3 2014 financial and operating results. The Q3 2014 revenues came in at $1.1 billion, down 6.2% YoY, and an all-in sustaining cost of gold was $1,066 per ounce, up 7.1% YoY. The Company sold 641,400 ounces of gold over 651,700 ounces of gold produced, while in Q3 2013 the Company produced 637,100 ounces of gold and sold 652,100 ounces of the same. Chuck Jeannes , Goldcorp President and CEO, said, "The continued ramp-up of new mines Cerro Negro and Éléonore, coupled with stable performance at our existing mines position us for a strong finish to 2014. We expect to meet our 2014 production guidance, but the lower-than-expected production at El Sauzal due to pit wall instability and the second-quarter stoppage at Los Filos will cause gold production to be at the low end of our previously guided range of between 2.95 million and 3.1 million ounces." The full research reports on Goldcorp are available to download free of charge at:
http://www.analystsreview.com/Nov-04-2014/GG/report.pdf
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Kinder Morgan, Inc. Research Reports
On October 22, 2014, Kinder Morgan, Inc. (KMI) along with Kinder Morgan Energy Partners, L.P., Kinder Morgan Management, LLC and El Paso Pipeline Partners, L.P. announced that the Securities and Exchange Commission (SEC) has declared KMI's Registration Statement on Form S-4 effective. According to the Companies, each of them has set November 20, 2014, as the date of its special meeting to vote on the proposals related to the merger transactions previously announced on August 10, 2014, and unit holders and shareholders of record as of October 20, 2014, will be entitled to vote at the special meeting. The full research reports on KMI are available to download free of charge at:
http://www.analystsreview.com/Nov-04-2014/KMI/report.pdf
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U.S. Silica Holdings, Inc. Research Reports
On October 29, 2014, U.S. Silica Holdings, Inc. (U.S. Silica) reported its Q3 2014 financial results. The sales for the quarter were $241.3 million, up 67.1% YoY with diluted EPS of $0.76 as compared to $0.40 in Q3 2013. The overall sales volume increased 42% YoY to 3.0 million tonnes, which comprises of 1.895 million tons and 1.098 million tons of sales volume from oil & gas and Industrial and Specialty Products, respectively. The Company expects its full-year 2014 Adjusted EBITDA to be at the high end of its guidance range of $230 million to $240 million. The full research reports on U.S. Silica are available to download free of charge at:
http://www.analystsreview.com/Nov-04-2014/SLCA/report.pdf
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