NGL

Energy Transfer Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023.
  • Energy Transfer reported net income attributable to partners for the three months ended September 30, 2023 of $584 million.
  • Energy Transfer now expects its full-year 2023 Adjusted EBITDA to range between $13.5 billion and $13.6 billion, including the consolidated operations of Crestwood in November and December 2023.
  • In October 2023, Energy Transfer announced a quarterly cash distribution of $0.3125 per common unit ($1.25 annualized) for the quarter ended September 30, 2023.

SilverBow Resources Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.
  • Net oil production for the third quarter of 2023 averaged 15,326 Bbls/d, an increase of 81% compared to the third quarter of 2022.
  • As of October 27, 2023, SilverBow had 79% of total production hedged for the remainder of 2023, using the midpoint of guidance.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's Third Quarter 2023 Earnings Conference Call or by visiting the Company's website.

Enterprise Announces Permian Growth Projects; Seminole Pipeline to Be Taken out of Crude Oil Service

Retrieved on: 
Tuesday, October 31, 2023

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced four new capital projects to support continuing production growth in the Permian Basin.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced four new capital projects to support continuing production growth in the Permian Basin.
  • Enterprise believes crude oil, natural gas and NGL production in the Permian Basin will continue to grow throughout the decade.
  • To provide incremental NGL transportation service until construction of the Bahia Pipeline is completed, Enterprise has begun preparations to convert the Seminole Red Pipeline from crude oil service back to NGL service in December 2023.
  • This pipeline has been in crude oil transportation service since the second quarter of 2019 and was known as Enterprise’s Midland-to-ECHO 2 crude oil pipeline.

Charles Griffie Appointed as Range Director

Retrieved on: 
Friday, October 20, 2023

FORT WORTH, Texas, Oct. 20, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced the appointment of Charles G. Griffie to its Board of Directors.

Key Points: 
  • FORT WORTH, Texas, Oct. 20, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced the appointment of Charles G. Griffie to its Board of Directors.
  • Range Chairman, Greg Maxwell, stated, “We are excited to announce the addition of Charles Griffie to the Range board as part of our ongoing refreshment process.
  • Mr. Griffie previously served as the Senior Vice President of Engineering and Operations at Western Midstream Partners, LP.
  • Prior to that, Mr. Griffie had an extensive career with Anadarko Petroleum Corporation where he worked in various roles of responsibility.

Hess Reports Estimated Results for the Third Quarter of 2023

Retrieved on: 
Wednesday, October 25, 2023

During the third quarter of 2023, the Corporation drilled 28 wells, completed 41 wells, and brought 26 new wells online.

Key Points: 
  • During the third quarter of 2023, the Corporation drilled 28 wells, completed 41 wells, and brought 26 new wells online.
  • In the third quarter of 2023, we sold nine cargos of crude oil from Guyana, compared with eight cargos in the prior-year quarter.
  • During the third quarter of 2023, a mechanical issue on the Liza Destiny reduced production during the quarter.
  • Midstream capital expenditures were $65 million in the third quarter of 2023 and $60 million in the prior-year quarter.

NGL Energy Partners Announces Earnings Call

Retrieved on: 
Friday, October 20, 2023

NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal second quarter ended September 30, 2023 earnings press release post-market close on Thursday, November 9, 2023.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal second quarter ended September 30, 2023 earnings press release post-market close on Thursday, November 9, 2023.
  • Members of NGL’s management team intend to host an earnings call following this release on Thursday, November 9, 2023 at 4:00 pm CT to discuss its financial results.
  • Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/49346 or by dialing (877) 545-0320 and providing access code: 476458.
  • An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing replay passcode 49346.

Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units

Retrieved on: 
Friday, October 20, 2023

Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.6488671 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.6621559 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).

Key Points: 
  • Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.6488671 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.6621559 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).
  • These cash distributions will be paid on November 15, 2023 to Series C, Series D and Series E unitholders of record as of the close of business on November 1, 2023.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.
  • Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Energy Transfer Announces Increase in Quarterly Cash Distribution

Retrieved on: 
Friday, October 20, 2023

Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.3125 per Energy Transfer common unit ($1.25 on an annualized basis) for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.3125 per Energy Transfer common unit ($1.25 on an annualized basis) for the third quarter ended September 30, 2023.
  • This cash distribution is an increase from $0.31 per Energy Transfer common unit for the second quarter of 2023 and will be paid on November 20, 2023, to unitholders of record as of the close of business on October 30, 2023.
  • In addition, as previously announced, Energy Transfer plans to release earnings for the third quarter of 2023 on Wednesday, November 1, 2023, after the market closes.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.

Martin Midstream Partners Reports Third Quarter 2023 Financial Results and Declares Quarterly Cash Distribution

Retrieved on: 
Wednesday, October 18, 2023

Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the third quarter of 2023.

Key Points: 
  • Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the third quarter of 2023.
  • Transportation operating income for the three months ended September 30, 2023 and 2022 was $6.7 million and $12.1 million, respectively.
  • The Partnership has declared a quarterly cash distribution of $0.005 per unit for the quarter ended September 30, 2023.
  • The distribution is payable on November 14, 2023 to common unitholders of record as of the close of business on November 7, 2023.

Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2023 Earnings

Retrieved on: 
Thursday, October 5, 2023

An audio replay will be available on the website after the call.

Key Points: 
  • An audio replay will be available on the website after the call.
  • PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL).
  • On average, PAA handles approximately 8 million barrels per day of crude oil and NGL.
  • PAA and PAGP are headquartered in Houston, Texas.