NBLX earnings call for the period ending March 31, 2020.
Moody's Investors Service ("Moody's") confirmed the ratings of Noble Energy, Inc. (Noble), including its Baa3 senior unsecured long-term rating and P-3 commercial paper rating. "The confirmation of Noble Energy's ratings reflects Moody's expectation that the company will improve its credit metrics to levels supportive of the Baa3 ratings in 2021 and 2022, despite the current depressed commodity prices and weak operating environment," stated James Wilkins, Moody's Vice President.
Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) announced today that the Board of Directors of the General Partner has approved a 73% reduction of the quarterly distribution to $0.1875 per unit, which the Partnership plans to hold flat in the current environment. This change is effective immediately and is anticipated to preserve approximately $200 million of annualized cash to support the balance sheet.
Moody's Investors Service ("Moody's") downgraded EPIC Y-Grade Services, LP's (EPIC Y-Grade) CFR to Caa2 from B3, PDR to Caa2-PD from B3-PD, super-priority revolver rating to B1 from Ba3 and senior secured Term Loan B rating to Caa2 from B3. The negative outlook reflects risks from capital funding shortfalls, weak liquidity and elevated leverage as well as the challenges to volume growth posed by the weak commodity price environment and reduced upstream capital spending.
NBL earnings call for the period ending March 31, 2020.
Noble Midstream Partners (NBLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Energy Transfer was a laggard this week, trading down 5.8% this week after reporting results Monday night and catching a negative outlook from S&P on Tuesday.NBLX led all MLPs this week with all of its weekly gains coming on a 10%+ move on Friday.TRGP was the…
Noble Midstream Partners LP (NASDAQ: NBLX) ("Noble Midstream" or the "Partnership") today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.1875 per unit for the first quarter 2020.
HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream” or the “Partnership”) today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.1875 per unit for the …
Houston's oil and gas industry is heavily exposed to plunging oil prices, but companies have already been cutting costs for six years and don't have much wiggle room left.
Top Ranked Income Stocks to Buy for May 13th
Shares of Noble Midstream Partners (NASDAQ:NBLX) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 31.68% over the past year to $1.33, which may not compared to the estimate of $0.56.Revenue of $224,045,000 rose by 51.42% from the same period last year, which beat the estimate of $178,600,000.Outlook Noble Midstream Partners hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 08, 2020View more earnings on NBLXWebcast URL: https://78449.choruscall.com/dataconf/productusers/nblx/mediaframe/36836/indexr.htmlPrice Action Company's 52-week high was at $34.50Company's 52-week low was at $1.81Price action over last quarter: down 69.33%Company Overview Noble Midstream Partners LP is to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. It provides crude oil, natural gas, and water-related midstream services through long-term, fixed-fee contracts. The company has four reportable segments which are Gathering Systems, Fresh Water Delivery Investments in midstream entities and Corporate. It generates maximum revenue from the Gathering Systems segment. The company focuses on DJ Basin in Colorado and the Delaware Basin in Texas.See more from Benzinga * Enerplus: Q1 Earnings Insights * 7 Financial Services Stocks Moving In Friday's Pre-Market Session * Recap: O2Micro International Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
While capital expenditures were already moderating, most companies have further reduced growth capital spending to preserve financial flexibility and recalibrate plans for an environment of production declines.On average, growth capex is expected to drop more…
Noble Midstream Partners LP (NASDAQ: NBLX) (the "Partnership") will host its first-quarter 2020 results webcast and conference call at 10:00 a.m., Central Time, Friday, May 8, 2020. The Partnership plans to update its full 2020 outlook with first-quarter results.
Antero Midstream plunged on assumed insolvency at Antero Resources, pretty much the sole source of its earnings.In my view (and this was not always the case) Appalachian E&P bankruptcy fears are wildly overstated.Even in a bankruptcy/reorganization, Antero Mi…
Noble Midstream (NBLX) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
Higher production is likely to reflect on Hess' (HES) first-quarter results. However, lower commodity price realizations are likely to have offset the positives.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
After pausing last week, the bounce back for midstream resumed in a big way this week.MLPs and the AMUS put up their biggest week of the year on the back of another big week of oil price gains and strength in the broader stock market.AMNA didn't fare quite as…
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on April 9, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on April 13, 2020:
Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) today reported first-quarter 2020 financial and operational results. The Partnership’s results are consolidated to include Noble Midstream’s 54.4% ownership of Black Diamond Gathering, LLC (Black Diamond Gathering).
Midstream rallied for a 6th straight week, but this week was different than the prior 5.This week's rally was led by larger, more integrated players in the U.S. and Canada, not by gathering and processing MLPs.This week was less about bottom fishing or short …
These are the oil and gas penny stocks with the best value, fastest growth, and most momentum for Q2 2020.
Midstream and MLPs ran their streak of positive weeks to 5, this time trading up with oil prices even as the broader equity market and utilities were negative.Late in the week, the market threw a couple of pails of cold water on the risk-on euphoria, sending …
Q1 2020 Noble Energy Inc Earnings Call
We previously covered TEAF when the discount was at 12.49%. This discount has now expanded to 20%+.The fund has recently crossed its 1-year mark, with an inception date of March 26th, 2019.The distribution has just been cut by 30.9% for the quarter.
Q1 2020 Noble Midstream Partners LP Earnings Call
HOUSTON--(BUSINESS WIRE)--Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) today provided first quarter financial and operating results. First quarter highlights include: Financial liquidity of $4.4 Bn including $1.4 Bn of cash and $3.0 Bn o…
Image source: The Motley Fool. Noble Midstream Partners LP (NYSE: NBLX)Q1 2020 Earnings CallMay 9, 2020, 9:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to the Noble Midstream First Quarter 2020 Earnings Conference Call.
HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) today reported first-quarter 2020 financial and operational results. The Partnership’s results are consolidated to include Noble Midstream’s 54.4% owners…
NBL earnings call for the period ending March 31, 2020.
The oil & gas industry is comprised of companies involved in the exploration, extraction, refining, and transportation of oil and gas products. The industry also includes companies that provide drilling and well-maintenance services.
Moody's Investors Service ("Moody's") downgraded EPIC Crude Services, LP's (EPIC Crude) Corporate Family Rating (CFR) to Caa1 from B3, Probability of Default Rating (PDR) to Caa1-PD from B3-PD, super-priority revolver rating to B1 from Ba3 and senior secured Term Loan B rating to Caa1 from B3. "The downgrade of EPIC Crude's ratings reflects elevated leverage and reliance on external capital amid a weak oil price environment," said Jonathan Teitel, a Moody's analyst.
We previously covered TEAF when the discount was at 12.49%. This discount has now expanded to 20%+.The fund has recently crossed its 1-year mark, with an inception date of March 26th, 2019.The distribution has just been cut by 30.9% for the quarter.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.