$KBR said it has been awarded an extension, valued in excess of $185MM, to its program management consultant contract for Qatar's Expressway Program. The extension will see KBR continuing to deliver full program management capability for the next three years.
$CCI priced its previously announced public offering of 4.75MM shares of its common stock. The gross proceeds from the offering are expected to be about $447MM. Barclays, RBC Capital Markets, Citigroup and J.P. Morgan are acting as underwriters for the offering.
$BXP's net attributable income almost halved to $97.1MM for 1Q17 from $181.7MM a year ago, as total revenue dropped 5% to $632.2MM. Diluted EPS fell to $0.63 from $1.18 a year ago. Funds from Operations (FFO) for the quarter were $228.4MM, or $1.48 per share diluted.
$WSO's BoD approved a 19% increase in its annual dividend to $5.00 per share on each outstanding share of its common and class B common stock. The increase will be reflected in its next regular dividend payment beginning in July 2017.
$HES is seeing some upward pressure on costs in the Bakken in the
completion space and it is taking steps to minimize this. $HES is locking in
the rig rates and pre-purchasing sand along with putting in place longer-term
contracts both on the rigs and the pumping side. These steps should help
deliver the 2017 program with minimal inflation.
$NSC said EVP and CFO Marta Stewart intends to retire effective Aug. 1, 2017. $NSC has initiated a comprehensive search to identify its next CFO and will consider both internal and external candidates with the assistance of an executive search firm.