$TREC (Trecora Resources)

$TREC {{ '2016-09-21T11:57:18+0000' | timeago}} • Announcement

Specialty hydrocarbons and waxes provider $TREC said Sami Ahmad, most recently CFO at Armada Water Assets, will take over as CFO replacing Connie Cook, effective Oct. 1, 2016. Cook will remain as Treasurer and Secretary with the added title of VP of Accounting and Compliance.

$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.

$CNI {{ '2017-12-22T19:58:54+0000' | timeago}} • Announcement

Railroad company $CNI has decided to purchase 200 new locomotives from $GE over the next three years. Production of the locomotives will commence next year at the GE facility in Texas, and the units are expected to be delivered in 2018, 2019 and 2020. The order includes Tier-4 and Tier -3 Evolution Series locomotives.

$GE {{ '2017-12-18T14:51:55+0000' | timeago}} • Announcement

Airborne Wireless Network (ABWN) entered into a Support Agreement on Dec. 14, 2017 with GE Aviation, one of $GE Business Units. ABWN anticipates that this relationship should significantly accelerate the development of ABWN's proprietary Hybrid Radio and Free-Optics Communications System to be demonstrated CY18.

$PSX {{ '2017-12-08T18:10:27+0000' | timeago}} • Announcement

$PSX announced its 2018 capital budget of $2.3Bil, which includes $1.4Bil of growth capital and $0.9Bil of sustaining capital. Long-term, the company continues to target re-investing 60% of its cash flow back into the business and returning 40% to its shareholders.

$PBF {{ '2017-12-08T12:49:05+0000' | timeago}} • Announcement

$PBF announced that George Ogden has been elected as an independent director, effective Jan 1, 2018. Previously he was SVP of Tosco from 1992 to 1999.

$GE {{ '2017-12-07T15:43:43+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. This aligns with $GE's effort to lower overall structural costs by $3.5Bil in 2017 and 2018. The plans announced are driven by challenges in the power market worldwide.

$GE {{ '2017-12-07T15:40:27+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1Bil in structural cost reductions in 2018.

$PX {{ '2017-12-01T18:02:19+0000' | timeago}} • Announcement

$PX and $GE's Aviation opened a new facility for their PG Technologies business, which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. PG Technologies is a JV between Praxair Surface Technologies Inc., a subsidiary of $PX, and GE Aviation.

$GE {{ '2017-11-17T11:32:54+0000' | timeago}} • Announcement

GE Additive, a $GE company, has acquired GeonX, a privately-owned developer of simulation software. Terms of the deal, which is aimed at strengthening $GE's software simulation capabilities, were not disclosed.

$GE {{ '2017-11-13T15:28:38+0000' | timeago}} • Announcement

As speculated over the past few weeks, $GE has decided to reduce it's quarterly dividend to $0.12 per share. This represents a 50% reduction from the current quarterly dividend of $0.24. This change will be effective beginning with the BoD's next dividend declaration, which is expected to occur in December, 2017.

$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.

$BHGE {{ '2017-11-06T13:14:25+0000' | timeago}} • Announcement

$BHGE has authorized repurchase of up to $3Bil of its common units from $BHGE and $GE. The company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. In addition, the company also announced its intention to issue new debt.

$CHK {{ '2017-11-03T19:29:01+0000' | timeago}} • Webcast

For 2018, $CHK said it is focused on the capital discipline, improving its capital efficiency, and its priorities remain unchanged. The company's strategic priorities are further reducing its debt, achieving free cash flow neutrality in the near term, and in further enhancing its margins.

$CHK {{ '2017-11-03T19:22:00+0000' | timeago}} • Webcast

Looking to 2018, $CHK expects to provide operational performance and capital expenditures guidance in early February. The company anticipates lowering its capital expenditures during 2018 and still delivering a relatively flat to slightly increasing production profile for the year.

$CHK {{ '2017-11-03T19:20:36+0000' | timeago}} • Webcast

As of Oct. 30, $CHK's fuel production reached a daily rate of 584,000 barrels of oil equivalent including 99,000 barrels of oil. $CHK's 4Q17 volumes will be dominated by heavy turn-in-line schedule in South Texas Eagle Ford asset, and remains on target to deliver goal of averaging 100,000 barrels of oil per day in 4Q17.

$PSX {{ '2017-11-03T17:12:54+0000' | timeago}} • Announcement

Despite the challenges associated with Hurricane Harvey, energy manufacturer $PSX reported higher profit in 3Q17 as its Midstream, Chemicals and Refining segments posted higher earnings. Consolidated earnings surged 61% to $823MM or $1.60 per share and revenue rose 19% to $26.2Bil. On an adjusted basis, earnings spiked 58% to $1.66 per share.

$PSX {{ '2017-11-03T16:54:40+0000' | timeago}} • Infographic

$PSX Phillips 66 Earnings AlphaGraphic: Q3 2017 Highlights

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