Revised Agreements, Quarterly Financial Results, Acquisitions, and Dividend Declarations - Research Reports on Hi-Crush, Chesapeake, EPB, Cheniere and Goldcorp
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NEW YORK, August 15, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Hi-Crush Partners LP (NYSE: HCLP), Chesapeake Energy Corporation (NYSE: CHK), El Paso Pipeline Partners, L.P. (NYSE: EPB), Cheniere Energy, Inc. (NYSE: LNG) and Goldcorp Inc. (NYSE: GG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5763-100free.
Hi-Crush Partners LP Research Reports
On August 11, 2014, Hi-Crush Partners LP (Hi-Crush) announced that it has amended its supply agreement with Weatherford, increasing the annual committed volumes on certain grades of frac sand. In the supply arrangement, Weatherford has agreed to pay a specified price for a specified minimum volume of frac sand each month. James M. Whipkey, Co-CEO, Hi-Crush, said, "We are pleased that Weatherford has chosen, once again, to expand our relationship by entering into this amendment. Weatherford's increased commitment for volumes further underscores the demand for Hi-Crush sand as we bring on new production capacity this year." Hi-Crush is an integrated producer, transporter, marketer and distributor of high-quality monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The full research reports on Hi-Crush are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/HCLP/report.pdf
Chesapeake Energy Corporation Research Reports
On August 6, 2014, Chesapeake Energy Corporation (Chesapeake) announced its Q2 2014 financial results. Chesapeake's Q2 2014 total revenues increased 10.2% YoY to $5.2 billion. Q2 2014 adjusted net income available to common stockholders was $235 million, or $0.36 per fully diluted share, as against $265 million, or $0.51 per fully diluted share in Q2 2013. Adjusted EBITDA was $1.3 billion, compared to $1.4 billion in the prior year period. Operating cash flow too declined to $1.3 billion in Q2 2014 from $1.4 billion in Q2 2013. According to Chesapeake, the decline in adjusted EBITDA and operating cash flow were due to higher production and lower per unit costs, which were more than offset by the effect of lower realized oil, natural gas and natural gas liquids prices. Chesapeake increased midpoint of 2014 production outlook by 10,000 boe per day, and reiterated 2014 total capital expenditure guidance of $5.0 to $5.4 billion, excluding capitalized interest. The full research reports on Chesapeake are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/CHK/report.pdf
El Paso Pipeline Partners, L.P. Research Reports
On August 10, 2014, El Paso Pipeline Partners, L.P. (EPB), along with Kinder Morgan Energy Partners (KMEP), and Kinder Morgan Management, LLC (KMM), announced that Kinder Morgan, Inc. (KMI) will acquire all of the outstanding equity securities of KMEP, KMM and EPB. As per the agreement, EPB unitholders will receive 0.9451 KMI shares and $4.65 in cash for each EPB unit. This translates into a price of $38.79 per unit, a 15.4% premium based on the August 8, 2014, closing prices, which is a premium of 11.2% based on the July 16, 2014 reference date used by the parties in the negotiation. EPB is a publicly traded pipeline limited partnership. It owns an interest in or operates more than 13,000 miles of interstate natural gas transportation pipelines in the Rockies and the Southeast, natural gas storage facilities with a capacity of over 100 billion cubic feet and LNG assets in Georgia and Mississippi. The general partner of EPB is owned by KMI. The full research reports on EPB are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/EPB/report.pdf
Cheniere Energy, Inc. Research Reports
On July 31, 2014, Houston-based energy Company, Cheniere Energy, Inc. (Cheniere Energy) reported Q2 2014 financial results. The Company reported Q2 2014 total revenues of $67.6 million, reflecting an increase of 0.70% YoY. Net loss attributable to common shareholders widened to $201.9 million, or $0.90 per share, from a net loss of $154.8 million, or $0.71 per share in Q2 2013. For H1 2014, Cheniere Energy's total revenues were $135.2 million, up 1.6% YoY. Net loss attributable to common stockholders for H1 2014 came in at $299.7 million, or $1.34 per share, compared to $271.9 million, or $1.26 per share during H1 2013. The full research reports on Cheniere are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/LNG/report.pdf
Goldcorp Inc. Research Reports
On August 11, 2014, Goldcorp Inc. (Goldcorp) announced its eighth monthly dividend payment for 2014 of five cents a share. Shareholders of record at the close of business on, August 21, 2014 will be entitled to receive the dividend payment on August 29, 2014. In a separate press release, on July 31, 2014 Goldcorp announced earnings for Q2 2014. Adjusted net earnings for Q2 2014 were $164 million, or $0.20 per share, compared to $117 million, or $0.14 per share, in Q2 2013. Adjusted revenues of $1.1 billion were up 3.8% YoY. The Company also reconfirmed its 2014 production guidance of between 2.95 million and 3.10 million gold ounces. The full research reports on Goldcorp are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/GG/report.pdf
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