$HEP (Holly Energy Partners L.P)

$HEP {{ '2016-09-19T13:17:24+0000' | timeago}} • Announcement

Petroleum products provider $HEP said that it reached an agreement with its customer $HFC to acquire the latter's Woods Cross Refinery units for a total cash consideration of approx. $275MM. This amount represents an implied multiple of 8.5 times the 2017 expected EBITDA contribution. The transaction is expected to close on or about Oct, 1, 2016.

$OKE {{ '2018-01-18T12:23:54+0000' | timeago}} • Announcement

The BoD of $OKE has increased the company's quarterly dividend by 3% to $0.77 per share. The dividend is payable Feb. 14, 2018, to shareholders of record at the close of business Jan. 29, 2018.

$WPZ {{ '2018-01-08T22:10:37+0000' | timeago}} • Announcement

$WPZ's Transco pipeline delivered 15.58MM dekatherms of natural gas on Jan. 5, 2018. The Transco system, which stretches from South Texas to New York City, also established a new three-day market area delivery record, averaging 14.90 MMdt from Jan. 4 to Jan. 6, 2018.

$OKE {{ '2018-01-04T21:52:09+0000' | timeago}} • Announcement

$OKE plans to invest approx. $1.4Bil to construct a new pipeline to transport NGLs from the Rocky Mountain region to its existing Mid-Continent NGL facilities. The Elk Creek Pipeline is expected to cost approx. $1.2Bil, with related infrastructure costs expected to total approx. $200MM. It is expected to be completed by 2019-end.

$ANDV {{ '2018-01-03T13:51:04+0000' | timeago}} • Announcement

$ANDV agreed to acquire 100% of the equity of Rangeland Energy II, LLC. $ANDV expects the purchase price multiple to be approx. nine times expected 2018 EBITDA and approx. six times expected 2019 EBITDA, including synergies. $ANDV expects to drop down the pipeline assets to $ANDX at a later date. The acquisition is expected to close early in 1Q18.

$HES {{ '2017-12-22T14:44:55+0000' | timeago}} • Announcement

$HES has completed the sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of $2Bil, effective January 1, 2017.

$WPX {{ '2017-12-21T20:19:34+0000' | timeago}} • Announcement

$WPX closed the divestiture of its legacy natural gas position in the San Juan Basin for $169MM. This includes WPX’s operated and non-operated gas properties in the basin. This does not include WPX’s oil operations in the basin’s Gallup play. $WPX expects to finish 2017 with about $200MM cash on-hand and no borrowings against its credit revolver.

$HES {{ '2017-12-07T15:15:52+0000' | timeago}} • Announcement

The BoD of $HES declared a regular quarterly dividend of 25 cents per share on its common stock. The dividend is payable on Dec. 29, 2017 to shareholders of record on Dec. 18, 2017.

$WPX {{ '2017-12-01T17:17:21+0000' | timeago}} • Announcement

$WPX appointed Clay Gaspar as president effective Dec. 1, 2017, in addition to his current role as its COO. Gaspar and the balance of $WPX's senior leadership will continue reporting directly to Rick Muncrief, $WPX's chairman and CEO.

$UGI {{ '2017-11-30T12:52:15+0000' | timeago}} • Announcement

$UGI, which distributes and markets energy products, has declared a quarterly dividend of $0.25 per share on its common stock. The dividend is payable on January 1, 2018, to shareholders of record on December 15, 2017.

$HES {{ '2017-11-28T20:40:12+0000' | timeago}} • Announcement

$HES completed the sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for $650MM. These proceeds, along with cash on balance sheet, will enable to prefund $HES’ investment opportunity in Guyana, increase its rig count in the Bakken in 2018, return capital to shareholders and reduce debt.

$WMB {{ '2017-11-09T19:43:40+0000' | timeago}} • Webcast

On the Atlantic Sunrise project, $WMB stated that the construction has started on the Central Penn line, which is a key greenfield project. The company is targeting to complete the work by mid-2018 including its compressor stations. $WMB now expects the capital expenditures for FY2017 to be around $2.6Bil.

$ANDV {{ '2017-11-09T17:58:21+0000' | timeago}} • Infographic

$ANDV Andeavor Earnings AlphaGraphic: Q3 2017 Highlights

$ANDV {{ '2017-11-09T12:08:13+0000' | timeago}} • Announcement

$ANDV said it expects $350-425MM in annual run-rate synergies by June 2019 from the acquisition of Western Refining Logistics. The company said it has achieved approx $110MM in annual run-rate synergies though 3Q17.

$ANDV {{ '2017-11-09T12:02:00+0000' | timeago}} • Announcement

Operating income from $ANDV's refining segment took a giant leap in 3Q17 to $762MM from just $58MM in the year-over quarter, driven by higher margins, as over 20% of US refining capacity was disrupted by the hurricanes. Andeavor, in turn, benefited from the rising fuel prices and higher margins.

$ANDV {{ '2017-11-09T11:53:27+0000' | timeago}} • Announcement

$ANDV reported 3Q17 earnings, which more than tripled to $559MM, or $3.54 per share. Revenue for the quarter rose to $9.84Bil from $6.54Bil in the same period last year. Andeavor's refineries, which are situated along the West Coast, stayed safe from the hurricanes that battered counterparts along the Gulf Coast during the quarter.

$HFC {{ '2017-11-08T23:04:32+0000' | timeago}} • Announcement

$HFC has declared a regular quarterly dividend of $0.33 per share on its common stock. The dividend is payable on December 13, 2017, to holders of record on November 21, 2017.

$HFC {{ '2017-11-07T18:06:13+0000' | timeago}} • Announcement

$HFC appointed Anne-Marie N. Ainsworth and Anna C. Catalano to its BoD effective Nov 6, 2017. These appointments increase the size of the Board to 11 directors and increase the number of independent directors from seven to nine.

$WPZ {{ '2017-11-07T17:59:35+0000' | timeago}} • Announcement

$WPZ filed a Motion for Clarification of an administrative stay issued on Nov. 6 by the U.S. Court of Appeals for the District of Columbia Circuit of the Federal Energy Regulatory Commissions' authorization of the company's Atlantic Sunrise natural gas pipeline project. This is for confirming no interruption of East Coast natural gas supplies.

$WMB {{ '2017-11-03T18:50:56+0000' | timeago}} • Announcement

$WMB reported a 46% drop in 3Q profit due to the absence of gains from Geismar facility (sold in July 2017) and Canadian assets divestiture in Sept. 2016. Williams is reducing its direct exposure to commodities and moving towards fee-based contracts, which would bring in consistent cash flow. Long-term debt was $20.6Bil, down $3Bil from 3Q16.

$WMB {{ '2017-11-01T21:55:09+0000' | timeago}} • Infographic

$WMB Williams Companies' Earnings AlphaGraphic: Q3 2017 Highlights

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