Tag: energy
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Simply Safe Dividends upgrades Shell Midstream Partners (SHLX) to Borderline Safe
Following Shell Midstream’s 35% distribution cut announced in late July, we are upgrading the partnership’s Dividend Safety Score from Unsafe to Borderline Safe to reflect the firm’s improved distribution coverage. $$Shell Midstream’s Rightsized Distribution Better Covered by Cash Flow Going Forward (simplysafedividends.com)
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Oasis Midstream Partners Q2 EPS $0.72 Beats $0.71 Estimate, Sales $95.26M Beat $92.80M Estimate
Oasis Midstream Partners (NASDAQ:OMP) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.71 by 1.41 percent. This is a 118.18 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $95.26 million which beat the analyst consensus estimate of…
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ONEOK Q2 EPS $0.77 Beats $0.75 Estimate, Sales $3.39B Beat $2.98B Estimate
ONEOK (NYSE:OKE) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.75 by 2.67 percent. This is a 140.63 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $3.39 billion which beat the analyst consensus estimate of $2.98 billion…
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In the wake of Hoegh LNG Partners dividend cut
I almost pulled the trigger on selling off my holdings in Hoegh LNG Partners until my cooler head prevailed. Let’s hope I made the right decision. After the announcement of their 98% dividend cut investors were dumping their shares and the stock price opened today at $7.05 down from $17.87 at the close yesterday. That’s…
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Hoegh LNG Partners cuts distribution 98%
In a big lesson learned for me I’m taking a big hit on Hoegh LNG Partners. They cut their distribution 98% from $0.44/share to $0.01/share. I knew they were a high risk for cutting their distribution but didn’t know it would end up that bad. It’s a double whammy because after the announcement shareholders are…
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Exxon names new CFO
Exxon Mobil Corp. has hired Kathryn Mikells as its next chief financial officer, succeeding 43-year company veteran Andrew Swiger as the company’s top financial executive. Ms. Mikells will take over as the energy giant’s CFO Aug. 9, the company said. She previously served as CFO of Diageo PLC, a British beverage company, since 2015. Before…