$ENB (Enbridge Inc.)

$ENB {{ '2016-09-06T11:26:48+0000' | timeago}} • Announcement

$ENB and $SE agreed to merge. Al Monaco will continue to serve as President and CEO of the combined company. Greg Ebel will serve as non-executive Chairman of $ENB's BoD. $ENB's BoD is expected to have a total of 13 directors consisting of 8 members designated by $ENB, including Monaco, and 5 members designated by $SE, including Ebel.

$OIS {{ '2017-07-27T16:12:04+0000' | timeago}} • Announcement

The BoD of $OIS has elected Robert Potter as its member. Potter will serve as a Class III Director with an initial term expiring in May 2019.

$XOM {{ '2017-07-26T17:43:17+0000' | timeago}} • Announcement

$XOM has declared a quarterly cash dividend of $0.77 per share on its common stock. The dividend is payable on September 11, 2017, to shareholders of record as on August 14, 2017. The value of the third quarter dividend is in line with that paid in the second quarter.

$UGI {{ '2017-07-26T15:14:36+0000' | timeago}} • Announcement

Energy company $UGI has elected Theodore A Dosch as a director, effective July 25, 2017. Dosch currently serves as CFO and EVP of Finance at Anixter International. Earlier, he held various leadership roles in Whirlpool Corporation.

$UGI {{ '2017-07-25T20:48:28+0000' | timeago}} • Infographic

Energy products company $UGI has declared a quarterly dividend of $0.25 per share on its common stock. The dividend is payable on October 1, 2017, to shareholders of record as of September 15, 2017.

$AEP {{ '2017-07-25T17:05:36+0000' | timeago}} • Announcement

$AEP's BoD declared regular quarterly cash dividend of 59 cents a share on its common stock. The dividend is payable on Sept. 8, 2017, to shareholders of record as of Aug. 10, 2017.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$XOM {{ '2017-07-20T20:21:21+0000' | timeago}} • Announcement

$XOM legally challenges the Treasury Department’s Office of Foreign Assets Control that states he company violated U.S. sanctions against Russia in 2014. The dispute is based on the interactions $XOM had with Rosneft, Russian oil company.

$KMI {{ '2017-07-20T18:31:43+0000' | timeago}} • Webcast

$KMI plans to cover all of its financial growth CapEx with the use of its surplus cash flow, without the need to access equity or debt markets. The company, however, will be accessing debt markets to refinance maturing debt.

$KMI {{ '2017-07-20T18:25:38+0000' | timeago}} • Webcast

Commenting on its intention to the share buyback, $KMI said it is interested in the opportunistic purchases of shares, particularly since the company's share to DCF ratio is about five turns below the peer group average.

$KMI {{ '2017-07-20T18:19:56+0000' | timeago}} • Webcast

$KMI's distributable cash flow (DCF), a commonly used metric to measure the ability of assets to generate cash earnings, was $1.02Bil for 2Q17, down slightly from $1.05Bil a year ago. The decline was primarily attributable to the sale of 50% of Southern Natural Gas Company and the Kinder Morgan Canada Ltd (KML) IPO transaction.

$KMI {{ '2017-07-20T18:04:59+0000' | timeago}} • Webcast

At the end of 2Q17, $KMI's backlog stood at $12.2Bil. The company had new project additions in gas and CO2 which outpaced projects that were placed in service primarily in the terminals segment. The company continues to build out this backlog which it expects will contribute significant EBITDA to the segments when complete.

$UAL {{ '2017-07-20T15:22:46+0000' | timeago}} • Announcement

Terri Fariello has been named $UAL's SVP, Government Affairs. Based in Washington, D.C., she will lead the company's federal, state and local government engagement. Fariello comes from $XOM, where she served as VP of its Washington, DC office.

$KMI {{ '2017-07-19T21:48:08+0000' | timeago}} • Announcement

$KMI BoD approved a cash dividend of $0.125 per share for 2Q17. The dividend is payable on Aug. 15, 2017, to common shareholders of record as of the close of business on July 31, 2017. $KMI also expects to declare an annual dividend of $0.80 per share for 2018, a 60% increase from the expected 2017 dividend.

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