Other Energy

USD Partners Announces Sale of Stroud Terminal

Retrieved on: 
Thursday, May 2, 2024
Rail, Other Energy, Logistics, Supply Chain Management, Oil, Gas, Transport, Alternative Energy, Energy, Sale, OTC, Partnership, USDP

A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on April 26, 2024, it completed the sale of the Stroud rail terminal to a third party buyer for all cash consideration.

Key Points: 
  • A wholly-owned subsidiary of USD Partners LP (OTC: USDP) (the “Partnership”) announced today that on April 26, 2024, it completed the sale of the Stroud rail terminal to a third party buyer for all cash consideration.
  • The Partnership used the net proceeds from the sale to repay borrowings outstanding under its revolving credit agreement and to pay transaction expenses.
  • As of May 2, 2024, the Partnership had approximately $169.9 million of borrowings outstanding under its credit agreement.

Southland Schedules First Quarter 2024 Conference Call

Retrieved on: 
Thursday, May 2, 2024
Commercial Building & Real Estate, Construction & Property, Other Energy, Urban Planning, Utilities, Building Systems, Energy, Architecture, Other Construction & Property

Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, announced today that it will release its first quarter 2024 results on Monday, May 13, 2024, after the market closes.

Key Points: 
  • Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, announced today that it will release its first quarter 2024 results on Monday, May 13, 2024, after the market closes.
  • Southland will also host a conference call at 10:00 a.m. Eastern Time on Tuesday, May 14, 2024.
  • The call may be accessed here , or at www.southlandholdings.com .
  • Following the conference call, a replay will be available on Southland’s website.

GeoPark Publishes Its 2023 SPEED/Sustainability Report

Retrieved on: 
Friday, May 3, 2024
Environment, Other Energy, Oil, Gas, Professional Services, Sustainability, Green Technology, Energy, Environmental, Social and Governance (ESG), Other Professional Services, ISO 14001:2015, Prosperity, Task force, Report, SPEED, Safety, Certification, TCFD, Heart, GRI, ISO, Culture, Corporate social responsibility, GHG, Community development, Bloomberg, Sustainability accounting, Sustainable Development Goals, Private sector, Geopark, IPIECA, Global warming potential, United Nations Global Compact, Letter, Renewable energy

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced the publication of its 2023 SPEED/Sustainability Report.

Key Points: 
  • GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced the publication of its 2023 SPEED/Sustainability Report.
  • The SPEED/Sustainability Report outlines the Company’s advancements in environmental, social and governance areas, highlighting the significant reduction in 2023 of the Company’s Greenhouse Gas (GHG) emissions intensity.
  • In the CEO letter presenting the Report, Andrés Ocampo, Chief Executive Officer of GeoPark, said: “GeoPark was built to be at the forefront of independent exploration and production companies in the region, with a focus on creating value and positively impacting all stakeholders.
  • Click here to access the 2023 SPEED/Sustainability Report.

Stem Announces First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Other Energy, Environment, Technology, Green Technology, Energy, Software, Artificial Intelligence, Lithium, Sale, Nature, Risk, Economics, Health, Depreciation, Webcast, Lithium carbonate, Forecasting, Stem, Acquisition, Event, Telephone, GAAP, Growth

Due to recent market conditions, recorded a net revenue reduction of $33 million in hardware revenue during the three months ended March 31, 2024.

Key Points: 
  • Due to recent market conditions, recorded a net revenue reduction of $33 million in hardware revenue during the three months ended March 31, 2024.
  • It is anticipated that these transactions will close in the second and third quarters of 2024, at which point they will not be subject to future adjustment.
  • The Company recorded the full cost of hardware revenue for these indexed contracts in the first quarter of 2023.
  • Stem will hold a conference call to discuss this earnings press release and business outlook on Thursday, May 2, 2024, beginning at 5:00 p.m. Eastern Time.

Cheniere Reports First Quarter 2024 Results and Reconfirms Full Year 2024 Financial Guidance

Retrieved on: 
Friday, May 3, 2024
Energy, Other Energy, Oil, Gas, Natural gas, Sale, IPM, British thermal unit, Income tax, Integrated farming

The unfavorable change was partially offset by a lower provision for income tax as well as lower net income attributable to non-controlling interests during the period.

Key Points: 
  • The unfavorable change was partially offset by a lower provision for income tax as well as lower net income attributable to non-controlling interests during the period.
  • Consolidated Adjusted EBITDA decreased approximately $1.8 billion for the three months ended March 31, 2024 as compared to the corresponding 2023 period.
  • Our ownership interest in Cheniere Partners as of March 31, 2024 consisted of 100% ownership of the general partner and a 48.6% limited partner interest.
  • The table below provides a summary of our available liquidity (in millions) as of March 31, 2024:
    Available commitments under our credit facilities:

Drinking Water Safety Called into Question by 41% of U.S. Water Utility Customers, J.D. Power Finds

Retrieved on: 
Thursday, May 2, 2024
Natural Resources, Energy, Other Natural Resources, Other Energy, Utilities, PFAS, News, J.D. Power, Communication, Water, Gen, Generation Z, Public utility, Trust, Millennials, Water supply, Drinking, Retail

Power 2024 U.S. Water Utility Residential Customer Satisfaction Study,SM released today, 41% of customers say they do not feel the water provided by their local utility is safe to drink.

Key Points: 
  • Power 2024 U.S. Water Utility Residential Customer Satisfaction Study,SM released today, 41% of customers say they do not feel the water provided by their local utility is safe to drink.
  • Generational perceptions of water safety: Perceptions of water safety increase with age of customers.
  • Despite widespread news coverage, just 2% of residential water utility customers say they recall receiving any communication from their utility about PFAS.
  • This year’s study is based on the responses of 32,833 residential water utility customers and was conducted from June 2023 through March 2024.

IDACORP, Inc. Announces First Quarter 2024 Results, Reaffirms 2024 Earnings Guidance

Retrieved on: 
Thursday, May 2, 2024
Other Energy, Utilities, Other Construction & Property, Alternative Energy, Energy, Construction & Property, REIT, FCA, Natural gas, Kilowatt-hour, Heat, Insurance, PCA, Idaho Power, O&M, Property management

Transmission wheeling-related revenues, net of PCA impacts, decreased $2.8 million during the first quarter of 2024 compared with the first quarter of 2023.

Key Points: 
  • Transmission wheeling-related revenues, net of PCA impacts, decreased $2.8 million during the first quarter of 2024 compared with the first quarter of 2023.
  • Depreciation expense increased $8.6 million during the first quarter of 2024 compared to the first quarter of 2023, due primarily to an increase in plant-in-service.
  • Non-operating expense, net, increased $1.8 million in the first quarter of 2024 compared with the first quarter of 2023.
  • IDACORP is reaffirming its earnings guidance estimate for 2024.

Southland Awarded New Civil Segment Projects Totaling $150 Million

Retrieved on: 
Thursday, May 2, 2024
Urban Planning, Manufacturing, Construction & Property, Building Systems, Architecture, Other Energy, Utilities, Other Manufacturing, Steel, Energy, Other Construction & Property, Water

Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that two subsidiaries in its Civil segment, Oscar Renda Contracting and Southland Contracting, have been awarded three new water resource projects totaling approximately $150 million.

Key Points: 
  • Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”) announced today that two subsidiaries in its Civil segment, Oscar Renda Contracting and Southland Contracting, have been awarded three new water resource projects totaling approximately $150 million.
  • The three new awards consist of water pipeline, tunnel, and water treatment plant improvement projects.
  • The projects will be included in second quarter 2024 backlog.