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Sidoti Events, LLC's June Small-Cap Virtual Conference
*All Times EDTWednesday, June 17, 2026 (Day 1)8:30-9:00Avalon Advanced Materials (AVL)Aurora Mobile (JG)9:15-9:45Onity Group (ONIT)*****10:00-10:30Charles River Associates (CRAI)*****10:45-11:15RLJ Lodging Trust (RLJ)*****11:30-12:00GigaCloud Technology (GCT)Cibus (CBUS)12:15-12:45Tennant Company (TNC)*****1:00-1:30Connection (CNXN)*****1:45-2:15TrueBlue (TBI)*****2:30-3:00Innventure, Inc. (INV)*****3:15-3:45AVAX One Technology Ltd. (AVX)*****4:00-4:30Oportun Financial (OPRT)*****1x1s Only(17th)GATX Corporation (GATX)InfuSystem Holdings, Inc. (INFU)OneSpan (OSPN)Unisys Corporation (UIS)**********
NYSE Content Update: NYSE Partner Reindustrialize Kicks Off Summit from Detroit
NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, June 16, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on June 16thThe Dow aims to build off a fresh record after President Trump said the U.S. and Iran agreed to a deal over the weekend.Reindustrialize Co-founder Austin Bishop will join NYSE Live to take viewers through how this week's Summit will achieve the mission of revitalizing America's industrial strength.OpenLoop rolls out its Launchpad solution:The company says the offering will enable brands to build fully compliant virtual care platforms in just 24 hours.C-founder and CEO John Lensing will join NYSE Live to explain how it addresses a 'missing piece' in the healthcare sector.Opening BellPSE&G (NYSE: PEG) recognizes more than 120 years of delivering safe and reliable energyClosing BellEquinor (NYSE: EQNR) celebrates its 25th anniversary of listingFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-nyse-partner-reindustrialize-kicks-off-summit-from-detroit-302801703.htmlSOURCE New York Stock Exchange
California Resources Corporation Announces Private Offering of $550 Million of Senior Unsecured Notes
Related Quotes California Resources Corporation 56.59 2.02 3.45% Enter Symbols: California Resources Corporation Announces Private Offering of $550 Million of Senior Unsecured Notes LONG BEACH, Calif., June 16, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (the "Company") announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $550 million in aggregate principal amount of senior unsecured notes due 2035 (the "Notes"). The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 8.250% senior notes due 2029 (the "2029 Notes") and its 7.000% senior notes due 2034, and certain future subsidiaries. The Company intends to use the net proceeds from this offering, together with borrowings under its revolving credit facility and/or cash on hand to fund the redemption of all outstanding $550 million in aggregate principal amount of its 2029 Notes at a redemption price of 104.125% thereof, plus accrued and unpaid interest to, but excluding, the date of redemption. The redemption of the 2029 Notes is expected to be conditioned on the completion of the offering of the Notes. The offering of the Notes is not contingent upon the completion of such redemption. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any offer, solicitation or sale of Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Additionally, this press release shall not constitute a notice of redemption under the indenture governing the 2029 Notes. Forward-Looking Statement Disclosure All statements, except for statements of historical fact, made in this release regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, such as statements regarding the proposed offering and the intended use of proceeds, including the redemption of the 2029 Notes, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, the Company expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements. The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties incident to the Company's business, most of which are difficult to predict and many of which are beyond the Company's control. These risks include, but are not limited to, the risks described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and its subsequently filed Quarterly Reports on Form 10-Q. About California Resources Corporation California Resources Corporation (CRC) is an independent energy and carbon management company advancing the energy transition. CRC is committed to environmental stewardship while safely providing local, responsibly sourced energy. CRC is also focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage and other emissions-reducing projects. CRC Contacts: Hailey BonusCRC [email protected] Daniel JuckCRC Investor [email protected]
Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 4, 2026
FINDLAY, Ohio, June 16, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 4, 2026, at 11 a.m. EDT to discuss 2026 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com.About Marathon Petroleum CorporationMPC is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.Investor Relations Contacts: (419) 421-2071Brian Worthington, Vice President, Investor RelationsAlyx Teschel, Director, Investor RelationsMedia Contact: (419) 421-3577Jamal Kheiry, Communications Manager View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-to-report-second-quarter-financial-results-on-august-4-2026-302801473.htmlSOURCE Marathon Petroleum Corporation
NOV Announces Second Quarter 2026 Earnings Conference Call
Related Quotes Nov Inc 20.39 0.13 0.63% Enter Symbols: NOV Announces Second Quarter 2026 Earnings Conference Call HOUSTON, June 16, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) will hold a conference call to discuss its second quarter 2026 results on Wednesday, July 29, 2026, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Tuesday, July 28, 2026. The call will be webcast live on www.nov.com/investors. About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 160 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. Visit www.nov.com for more information. Source: NOV Inc. CONTACT: Amie D'AmbrosioDirector, Investor Relations(713) [email protected]
Equinor's Capital Markets Day 2026
Related Quotes Equinor Asa 34.26 1.92 5.31% Enter Symbols: Equinor's Capital Markets Day 2026 Equinor ASA (OSE:EQNR, NYSE:EQNR) today presents its strategy to deliver more energy, growing cash flow and superior returns. The 2026 share buy-back will be doubled to USD 3 billion, and Equinor introduces a more predictable framework for annual share buy-backs from 2027. The company aims to continue growing the quarterly cash dividend by more than 5% per share annually. Anders Opedal, president and CEO of Equinor ASA: "Demand continues to grow and Equinor is uniquely positioned to provide reliable energy. We will deliver more energy, growing cash flow and superior returns towards 2030." "Our strategy is to maximise value on the Norwegian continental shelf, deliver focused growth in international oil and gas, build a competitive integrated power business and create more value uplift through trading and market optimisation." "Equinor has delivered industry-leading returns over 25 years as a listed company, with a total shareholder return of almost 1,800%. We have confidence in our plans and are committed to continue creating strong value for shareholders. Equinor aims to double share buy-back for 2026 to USD 3 billion and introduces a more predictable framework for share buy-backs from 2027. We aim to continue growing the cash dividend per share by more than 5% annually." Key ambitions and strategic priorities: More energy Production growth of 150,000 barrels of oil equivalent (boe) per day to 2.3 million boe per day by 2030Production outlook for the Norwegian continental shelf (NCS) increased by 100,000 boe, to 1.35 million boe per day in 2030, and 1.3 million boe per day in 2035International oil and gas production growth of 30%, to 950,000 boe per day by 2030Power production growth to more than 20 TWh in 2030, mainly from projects in execution Growing cash flow 30% growth in cash flow from operations (CFFO) after tax from 2025-2030USD 1 billion in increased investments in 2027 to high return oil and gas projects. Expected organic investments (capex) at around USD 12 billion, or around USD 10 billion including Empire wind tax credits.Annual capex of USD 11-13 billion expected for 2028-2030, with around 60% to the NCS, 30% to international oil and gas, and 10% to powerFree cash flow, after capex and lease payments, of more than USD 40 billion for the period 2026-2030 Superior returns Return on average capital employed (ROACE) above 15% annually from 2026-2030Intend to double share buy-back for 2026 to USD 3 billionAnnual share buy-back of USD 2-4 billion from 2027, based on oil prices of USD 60-80 per bbl and European gas prices USD 7-11 per MMBtu, balance sheet strength, and macro-outlookAbove 5% annual growth in quarterly cash dividend per share A strategy for growing energy markets Oil and gas demand is expected to be higher for longer. Together with stronger political focus on energy security and affordability, this increases the need for reliable supply. Electrification and the AI build-out are driving power demand, while increasing intermittency creates a greater need for flexible power generation. Equinor's access to high-quality infrastructure, broad energy offering and strong market positions provide attractive opportunities for growth and value creation. Develop NCS to maximise value The NCS is the backbone of Equinor's business and a key driver of long-term cash flow and value creation. Equinor is the largest energy provider to Europe, delivering oil, piped gas and LNG with low cost and low emissions. Around 60% of capex will be allocated to further develop the NCS. Equinor expects production at 1.35 million boe per day in 2030 and 1.3 million boe per day in 2035. This represents an increase in production outlook of 100,000 boe per day. To accelerate resource maturation, cut costs and industrialise subsea field developments, Equinor is redefining its operating model. The company has a large portfolio of attractive investment opportunities including sub-sea field developments and increased recovery (IOR), with break-even prices below USD 35 per barrel and payback time of less than 2,5 years. Equinor plans to develop 6 to 8 new tie-back projects annually, towards 2035. Increased recovery and high exploration activity will continue to add new recoverable resources to extend longevity. Focused growth in international oil and gas Equinor has systematically improved the competitiveness of the international oil and gas portfolio and holds positions in several world-class basins, as the US, Brazil, Angola, the UK and Canada. Equinor expects to allocate around 30% of capex to international exploration and production. Production is anticipated to increase by around 30% to approximately 950,000 boe/d, growing cash flow from operations (CFFO) by around 80% to approximately USD 9 billion in 2030. The portfolio is expected to deliver around USD 20 billion in free cash flow after capex and lease payments from 2026 to 2030. Longevity for the international oil and gas portfolio will be extended beyond 2030 by progressing non-sanctioned projects and focused exploration. Building a competitive power business Equinor is concentrating its power growth in selected markets and segments, where integration with a broader energy offering is achievable. Equinor expects to allocate around 10% of capex to developing an integrated power business. A fourfold increase in production is anticipated, reaching more than 20 TWh by 2030, mainly from projects in execution. Cash flow from operations is expected to fund organic investments, after tax credits, from 2027-2030. Projects are expected to deliver nominal equity returns above 10%, with additional potential for portfolio uplift. Value uplift from marketing and trading Equinor has a strong position as a global asset-backed energy trader with direct market access. Equinor will expand its marketing and trading capabilities in selected markets. The company aims to capture additional value from its flexible portfolio, long-term position-taking and cross-commodity trading, and advancing digital tools and AI. Adjusted operating income from trading and market optimisation is expected to increase by 25% to around USD 500 million per quarter by 2030. Growing production while reducing emissions Equinor is an industry leading operator with low CO2 and methane intensity from operations. While oil and gas production will increase, Equinor maintains the ambition to reduce operated emissions by 50% towards 2030. Electrification on the NCS and improved energy efficiency across the portfolio are key enablers. Equinor expects to reduce its net carbon intensity in the range of 15-30% by 2035 (1). Competitive and predictable capital distribution Equinor announces an intention to increase the 2026 share buy-back programme by USD 1.5 billion, bringing the total expected programme for 2026 to up to USD 3 billion, including shares to be redeemed from the Norwegian State. The increase will be distributed equally to the third and fourth tranche of the 2026 share buy-back programme. Equinor expects to launch the third and fourth tranches following the announcement of the company's second and third quarter 2026 results, respectively. The increased share buy-back for 2026 is subject to separate board approvals prior to commencement of the third and fourth tranches. For 2027 and beyond, Equinor announces a range-based guidance for share buy-backs of USD 2-4 billion per year, based on an oil price range of USD 60-80/bbl, a European gas price range of USD 7-11/mmbtu, balance sheet strength, and macro-outlook. The level and commencement of future share buy-back tranches will be decided by the board on a quarterly basis, in line with the company's dividend policy, and will be subject to existing and future board authorisations for share buy-back granted by the company's General meeting, as well as agreements with the Norwegian State regarding share buy-backs. All share buy-back amounts include shares to be redeemed from the Norwegian State. Equinor aims to continue growing the quarterly cash dividend per share by more than 5% annually. *** (1) This includes scope 1, 2, and 3. *** The information on capital distribution is considered to be inside information for Equinor ASA pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock market announcement and press release contains Forward Looking Statements. Please see the Forward-Looking Statement disclaimer published on Equinors web site:https://www.equinor.com/investors/cmd-2026-forward-looking-statements All forward looking financials are based on reference case unless otherwise specified. See appendix in CMD presentation material for key assumptions and definitions. Further information from: Investor relationsBård Glad Pedersen, Senior vice president Investor relations,+47 918 01 791 (mobile) PressSissel Rinde, Vice president Media relations,+47 412 60 584 (mobile) Attachment Equinor Capital Markets Day 2026 - all presentations
COMSTOCK ANNOUNCES $600 MILLION STRATEGIC INVESTMENT BY SIXTH STREET IN PINNACLE GAS SERVICES
Related Quotes Comstock Resources Inc 13.05 0.47 3.48% Enter Symbols: COMSTOCK ANNOUNCES $600 MILLION STRATEGIC INVESTMENT BY SIXTH STREET IN PINNACLE GAS SERVICES FRISCO, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) announced today that it has sold a minority equity interest in Comstock's midstream subsidiary, Pinnacle Gas Services LLC ("Pinnacle"), to certain funds managed by Sixth Street, a leading global investment firm. Sixth Street invested $600 million in Pinnacle and acquired a 27% non-controlling common equity interest in Pinnacle. Sixth Street's investment values Pinnacle at a $2.2 billion enterprise value. Upon closing the transaction, Comstock retained a 73% controlling common equity interest in Pinnacle, valued today at approximately $1.6 billion, and continues to manage, operate and control the business under a management services agreement with Comstock. The proceeds from the investment were used to fully extinguish and retire the Pinnacle preferred equity securities for $445 million plus accrued dividends, all outstanding indebtedness at Pinnacle, transaction costs and for working capital. Key Transaction Benefits to Comstock Pinnacle and Western Haynesville Value Confirmation - Investment implies a $2.2 billion enterprise value for Pinnacle validating the significant value Comstock has created from its midstream infrastructure and reflecting the expected future production growth resulting from Comstock's development of its 540,000 net acres in the Western Haynesville.Strengthens Balance Sheet and Reduces Fixed Charges - The transaction is deleveraging; with proceeds used to extinguish and retire all preferred equity securities and outstanding indebtedness at Pinnacle. Further, this transaction is expected to materially reduce the fixed charges of Pinnacle by approximately $40 million per year. Increased Comstock's Ownership in Pinnacle's Future Upside - Comstock retains a controlling 73% equity interest in Pinnacle. Upon Sixth Street achieving certain return hurdles, Sixth Street's ownership in Pinnacle will be reduced from 27% to 19.5% and Comstock's ownership of Pinnacle will increase from 73% to 80.5% compared to the 70% it was entitled to prior to the redemption of the preferred units.Maintain Operational Control - Comstock will continue to manage, operate, and control all key strategic and operational decisions at Pinnacle, preserving full alignment between its upstream and midstream operations. M. Jay Allison, Chief Executive Officer of Comstock, commented: "This transaction is another validation of the future potential of Comstock's Western Haynesville acreage, which is well positioned to service the growing demand for natural gas in our region. The Western Haynesville represents one of the largest undeveloped natural gas resources with access to the growing demand along the Gulf Coast and will also serve the recently announced Texas Power Generation Hub in Anderson County Texas. This transaction with Sixth Street represents an important milestone for Comstock and a strong validation of the value we have created in the Western Haynesville. Importantly, through this investment, we are strengthening our balance sheet by reducing debt and simplifying our capital structure - all while increasing our substantial majority ownership and maintaining full operational control of the Pinnacle system. We are excited to welcome Sixth Street as a long-term partner as we continue to build out one of the premier midstream platforms in the country." Zack Winegrad, Partner and Co-Head of Energy and Co-Head of Global Infrastructure at Sixth Street, commented: "Comstock is one of the leading independent natural gas companies in North America today, and we are delighted to partner with them on this important transaction. The transaction highlights Sixth Street's focus on providing large-scale, flexible capital solutions to support the development of critical energy infrastructure needed to meet the rapid growth in energy demand from data centers, hyper scalers, global LNG, and the secular electrification trends underway in the economy more broadly. Pinnacle's midstream infrastructure sits at the heart of one of the most prolific natural gas basins in North America, and we are excited to invest alongside the Comstock team as they execute on a compelling growth plan. This investment reflects our conviction in the critical role natural gas infrastructure will play in meeting long-term U.S. energy demand, and we look forward to being a supportive, long-term partner to Comstock as they continue to scale the Pinnacle platform." Advisors Jefferies LLC acted as financial advisor to Comstock, and O'Melveny & Myers served as its legal counsel. Wells Fargo and RBC Capital Markets acted as financial advisors to Sixth Street and Latham & Watkins served as its legal counsel. About Comstock Resources Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas. About Pinnacle Gas Services Pinnacle Gas Services LLC is a Delaware limited liability company and a subsidiary of Comstock. Pinnacle owns and operates the Pinnacle gathering and treating system, which supports Comstock's Western Haynesville natural gas development operations in East Texas. About Sixth Street Founded in 2009, Sixth Street is a leading global investment firm with over $130 billion in assets. Sixth Street's flexible, long-term oriented capital base and cross-platform collaboration allows the firm to invest thematically across sectors, geographies, and asset classes. Sixth Street has more than 750 team members, including over 300 investment professionals in offices around the world. For more information, visit https://www.sixthstreet.com. This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company's filings with the Securities and Exchange Commission ("SEC") available on the Company's website or the SEC's website at sec.gov. Ron Mills Vice President of Finance and Investor Relations Comstock Resources 972-668-8834 [email protected]
Forum Energy Technologies to Present at the Planet MicroCap Las Vegas 2026 Conference
Related Quotes Forum Energy Technologies Inc 51.24 1.72 3.25% Enter Symbols: Forum Energy Technologies to Present at the Planet MicroCap Las Vegas 2026 Conference HOUSTON, Jun. 15 /BusinessWire/ -- Forum Energy Technologies, Inc. (NYSE:FET) announced today that Neal Lux, President and Chief Executive Officer, is scheduled to present at the Planet MicroCap Las Vegas 2026 Conference on Wednesday, June 17, 2026 at 2:00 p.m. Central Time (12:00 pm Pacific Time) at the Bellagio Resort & Hotel. The presentation can be accessed live at the following link: https://event.summitcast.com/view/bpjo3VVjZ25pp6SXpUua92/HaTmpwcfBZitKcgeXEfUXw A link to the live webcast and the presentation slides will be available on the morning of the presentation on FET's Investor Relations web page at ir.f-e-t.com. A live webcast of the presentation will also be available on the conference event platform, click the link here. FET will also conduct in person 1x1 investor meetings. To attend Planet MicroCap Las Vegas 2026 and schedule an investor meeting, please register here. About Planet MicroCap Planet Microcap hosts the highest quality microcap in-person events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow. For more information about Planet MicroCap, please visit: https://planetmicrocap.com/ FET® is a global manufacturing company, serving the oil, natural gas, defense, and renewable energy industries. With headquarters located in Houston, Texas, FET provides value-added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit www.f-e-t.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615661139/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Seadrill Announces Pricing of Upsized Private Offering of $700 Million Senior Notes due 2034
Related Quotes Seadrill Ltd Common Shares 42.39 1.86 4.20% Enter Symbols: Seadrill Announces Pricing of Upsized Private Offering of $700 Million Senior Notes due 2034 HAMILTON, Bermuda, Jun. 15 /BusinessWire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE:SDRL) announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill ("Seadrill Finance"), has priced its offering (the "Offering") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $700 million in aggregate principal amount of 6.750% Senior Notes due 2034 (the "Notes"). The Offering was upsized to $700 million from the original offering size of $600 million. The Notes mature on July 15, 2034 and will be issued at par. The Offering is expected to close on June 30, 2026, subject to customary closing conditions. Seadrill Finance intends to use a portion of the net proceeds from the Offering to redeem all of Seadrill Finance's outstanding 8.375% Senior Secured Second Lien Notes due 2030 (the "2030 Notes") and satisfy and discharge the indenture governing the 2030 Notes. Seadrill Finance intends to use the remaining net proceeds from the Offering to pay the fees and expenses incurred in connection with the Offering and for general corporate purposes. The information contained in this news release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein or any other securities, nor shall there be any sale of these securities or any other securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful absent registration or an applicable exemption from the registration requirements of the securities laws of any such jurisdiction. The securities being offered have not been registered under the Securities Act, any state securities laws, or any foreign jurisdiction. These securities are being offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act. This news release does not constitute a notice of redemption with respect to the 2030 Notes. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the expected timing of the closing of the Offering, the use of proceeds therefrom, other aspects of the Offering and the Notes, and the redemption and the satisfaction and discharge of the 2030 Notes, are forward-looking statements. These forward-looking statements can often, but not necessarily, be identified by the use of forward-looking terminology, including the terms "assumes", "projects", "forecasts", "estimates", "expects", "anticipates", "believes", "plans", "intends", "may", "might", "will", "would", "can", "could", "should" or, in each case, their negative, or other variations or comparable terminology. These statements are based on management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Part I, Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 26, 2026, offshore drilling market conditions, including supply and demand, dayrates, customer drilling programs and effects of new or reactivated rigs on the market, contract awards and rig mobilizations, contract backlog, dry-docking and other costs of maintenance, special periodic surveys and upgrades and regulatory work for the drilling units in the Company's fleet, the performance of the drilling units in the Company's fleet, delay in payment or disputes with customers, the Company's ability to successfully employ its drilling units, procure or have access to financing, ability to comply with loan covenants, fluctuations in the international price of oil, international financial market conditions, United States ("U.S.") trade policy and tariffs and worldwide reactions thereto, inflation, changes in governmental regulations that affect the Company or the operations of the Company's fleet, increased competition in the offshore drilling industry, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East (including the current conflict in Iran), and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC. The foregoing risks and uncertainties are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond our ability to control. In many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615560602/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
TEN Ltd. Declares Common Stock Dividend
Related Quotes Tsakos Energy Navigation Ltd Common Shar 38.345 0.555 1.43% Enter Symbols: TEN Ltd. Declares Common Stock Dividend 36% increase compared to 2025Total dividends to be paid exceed $1 billion since NYSE stock listing ATHENS, Greece, June 15, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) ("TEN" or the "Company"), a leading diversified tanker and LNG operator, today announced that following the Company's 2026 Annual General Meeting, its Board of Directors has declared the distribution of its second semi-annual dividend to common shareholders. The dividend will be $1.00 per share, payable on July 30, 2026, to shareholders of record as of the close of business on July 23, 2026. This dividend, together with the first semi-annual dividend payment of $0.50 in February 2026, marks a 36% increase compared to 2025. With this payment, TEN will have distributed over $1 billion in cumulative uninterrupted common and preferred share dividends since its New York listing in 2002. ABOUT TSAKOS ENERGY NAVIGATION Founded in 1993 and celebrating 33 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN's diversified pro-forma energy fleet currently consists of 83 vessels, totaling approx. 11 million dwt. ABOUT FORWARD-LOOKING STATEMENTS Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For further information, please contact : Company Tsakos Energy Navigation Ltd. George Saroglou President & COO +30210 94 07 710 [email protected] Investor Relations / Media Capital Link, Inc. Nicolas Bornozis Markella Kara +212 661 7566 [email protected]
SLB Launches Digital Marketplace to Scale AI and Digital Innovation Across Energy
Related Quotes Slb Ltd Common Shares 56.18 0.18 0.32% Enter Symbols: SLB Launches Digital Marketplace to Scale AI and Digital Innovation Across Energy Curated marketplace connects energy professionals, developers and partners to discover, deploy and scale trusted AI agents, domain models and digital applications HOUSTON, Jun. 15 /BusinessWire/ -- Global energy technology company SLB (NYSE:SLB) today announced the launch of the SLB Digital Marketplace, a curated digital destination designed to help energy companies rapidly discover and deploy specialized AI agents, domain models, skills, tools, data connectors and digital applications within their existing digital environments. The SLB Digital Marketplace extends the company's open platform strategy to its Tela™ agentic AI assistant by enabling SLB, partners, independent software vendors (ISVs), developers and customers to bring purpose-built digital capabilities to the energy industry through a single, governed channel. All marketplace offerings are certified against SLB standards for security, interoperability and compatibility before listing. The launch comes as the industry moves toward agentic AI - where software can reason, act and automate across complex technical workflows. As these capabilities proliferate, energy companies will need access to a broader ecosystem of specialized tools that work together across planning, operations, data and AI. "AI in energy is shifting from promise to performance," said Olivier Le Peuch, chief executive officer of SLB. "The SLB Digital Marketplace is designed to accelerate that shift by creating an open ecosystem where innovation can scale, solutions can interoperate and customers can move faster from insight to action. This is how we translate AI into real performance across the energy system." "No single company can build every agent, model or application the energy industry will need," said Rakesh Jaggi, president of SLB's digital business. "The SLB Digital Marketplace is the next expression of our commitment to openness, giving energy professionals more choice while maintaining the governance and quality standards required for enterprise operations." The marketplace includes approximately 200 digital products including existing Ocean™ store solutions and new solutions from SLB and over 30 partners. These products span Delfi™ and Lumi™ SaaS applications, plug-ins, workflow extensions, data connectors, and Tela AI skills, agents and foundation models. For energy professionals, the marketplace provides a single destination to evaluate and access trusted digital capabilities that extend workflows across the Delfi and Lumi environments. For developers, partners and ISVs, it provides a structured path to publish and scale solutions across the SLB ecosystem. Developers and ISVs interested in listing applications can apply through the SLB partner program at marketplace.digital.slb.com and access additional developer resources at developer.slb.com. Key Points: SLB has launched the SLB Digital Marketplace, a curated destination to help energy companies rapidly discover and deploy AI and digital solutions within existing digital environments. The marketplace extends SLB's open platform strategy, enabling SLB, partners, ISVs, developers and customers to deliver offerings through a single, governed channel certified for security, interoperability and compatibility. The launch addresses the industry shift toward agentic AI, where software can reason, act and automate across complex technical workflows. The marketplace includes approximately 200 digital products including existing Ocean™ store solutions and new solutions from SLB and over 30 partners. These products span Delfi™ and Lumi™ SaaS applications, plug-ins, workflow extensions, data connectors, and Tela AI skills, agents and foundation models. About SLB SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com. Cautionary Statement Regarding Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws - that is, statements about the future, not about past events. Such statements often contain words such as "expect," "may," "can," "estimate," "intend," "anticipate," "will," "potential," "projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB's new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB's strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615078195/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Seadrill Announces Private Offering of $600 Million Senior Notes
Related Quotes Seadrill Ltd Common Shares 44.25 0.14 0.32% Enter Symbols: Seadrill Announces Private Offering of $600 Million Senior Notes HAMILTON, Bermuda, Jun. 15 /BusinessWire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE:SDRL) announced today that, subject to market conditions, Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill ("Seadrill Finance"), intends to offer for sale to eligible purchasers in an offering (the "Offering") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), $600 million in aggregate principal amount of senior unsecured notes due 2034 (the "Notes"). Seadrill Finance intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of Seadrill Finance's outstanding 8.375% Senior Secured Second Lien Notes due 2030 (the "2030 Notes") and satisfy and discharge the indenture governing the 2030 Notes. In connection with the Offering, Seadrill Finance delivered a notice to redeem the 2030 Notes, conditioned only upon the consummation of a financing transaction that results in gross proceeds of at least $600 million. As of March 31, 2026, approximately $575 million aggregate principal amount of the 2030 Notes remained outstanding. The information contained in this news release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein or any other securities, nor shall there be any sale of these securities or any other securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful absent registration or an applicable exemption from the registration requirements of the securities laws of any such jurisdiction. The securities to be offered have not been registered under the Securities Act, any state securities laws, or any foreign jurisdiction. These securities will be offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act. This news release does not constitute a notice of redemption with respect to the 2030 Notes. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the proposed Offering, the use of proceeds therefrom, other aspects of the Offering and the Notes, and the redemption and the satisfaction and discharge of the 2030 Notes, are forward-looking statements. These forward-looking statements can often, but not necessarily, be identified by the use of forward-looking terminology, including the terms "assumes", "projects", "forecasts", "estimates", "expects", "anticipates", "believes", "plans", "intends", "may", "might", "will", "would", "can", "could", "should" or, in each case, their negative, or other variations or comparable terminology. These statements are based on management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Part I, Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 26, 2026, offshore drilling market conditions, including supply and demand, dayrates, customer drilling programs and effects of new or reactivated rigs on the market, contract awards and rig mobilizations, contract backlog, dry-docking and other costs of maintenance, special periodic surveys and upgrades and regulatory work for the drilling units in the Company's fleet, the performance of the drilling units in the Company's fleet, delay in payment or disputes with customers, the Company's ability to successfully employ its drilling units, procure or have access to financing, ability to comply with loan covenants, fluctuations in the international price of oil, international financial market conditions, United States ("U.S.") trade policy and tariffs and worldwide reactions thereto, inflation, changes in governmental regulations that affect the Company or the operations of the Company's fleet, increased competition in the offshore drilling industry, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East (including the current conflict in Iran), and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC. The foregoing risks and uncertainties are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond our ability to control. In many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260611898661/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Innovex Enters Into Agreement to Acquire TCO Group
Related Quotes Innovex International Inc 28.825 0.625 2.12% Enter Symbols: Innovex Enters Into Agreement to Acquire TCO Group HOUSTON, Jun. 15 /BusinessWire/ -- Innovex International, Inc. (NYSE:INVX) (the "Company" or "Innovex") is pleased to announce that it has signed an agreement to acquire TCO Group AS ("TCO") in a cash and stock transaction valued at $95 million. The transaction is expected to close early in the third quarter of 2026. The Company believes this investment aligns with the Company's disciplined M&A framework, including a focus on mission critical products that share the Company's "Big Impact, Small Ticket" value proposition. For the year ended December 31, 2025, TCO had net income of approximately $12 million and Adjusted EBITDA1 of approximately $18 million. The transaction values TCO at approximately 5.4x TCO's 2025 Adjusted EBITDA1 and is expected to be accretive to Innovex's EPS. Founded in 1999 in Voss, Norway, TCO pioneered the development of the intervention-free laminated glass plug, revolutionizing well operations by eliminating the need for fishing operations. "We are excited to announce the acquisition of TCO Group," said Adam Anderson, CEO of Innovex. "Robert and the TCO team have built an outstanding company with differentiated technologies, strong customer relationships, and an impressive track record of execution. The acquisition is highly aligned with Innovex's strategy of assembling a portfolio of market-leading, capital-efficient products that are essential to our customers' operations. It also strengthens our presence in Norway and the UAE, two important markets where we see significant long-term opportunity. We believe there is significant opportunity to accelerate the growth of the TCO technology and business by leveraging Innovex's established presence and customer relationships in key markets around the world. We are pleased to welcome the entire TCO team to Innovex and look forward to creating value for our customers, employees, and shareholders, together." "We are energized to continue our growth under the Innovex name," said Robert Abercrombie, CEO of TCO. "TCO brings technology depth, great talent and proven execution rooted in Norway. Innovex has a broad complementary portfolio and brings scale and reach globally. Together, this creates a much stronger platform for us to continue to redefine well technology and enable our customers to deliver efficient wells." "The acquisition of TCO fits squarely within our M&A framework," said Kendal Reed, CFO of Innovex. "We believe TCO's portfolio of differentiated Big Impact, Small Ticket products has allowed it to achieve a strong market position in key international and offshore markets, while delivering excellent margins and cash flow. We expect this acquisition to drive ROCE2 well in excess of idle balance sheet cash, improving long-term returns for our shareholders." Advisors Akin Gump Strauss Hauer & Feld LLP and Wikborg Rein Advokatfirma AS served as legal advisors to Innovex. Advokatfirmaet Thommessen AS served as TCO's legal advisor. About Innovex Innovex is a Houston-based energy technology company helping our customers move through every stage of the well lifecycle with confidence. Fueled by our No Barriers culture, we bring together top engineering expertise, advanced manufacturing, and a distinctive mix of conventional and innovative technologies to solve complex challenges, unlock efficiency, and deliver dependable performance wherever our customers operate. About TCO Group TCO is a global leader in well completion and tubing-conveyed perforating technologies, dedicated to solving complex well challenges through innovation, experience, and operational excellence. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure. Innovex defines TCO's Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, further adjusted to exclude certain items which TCO believes are not reflective of its ongoing performance or which are non-cash in nature. TCO management used Adjusted EBITDA to assess the profitability of its business operations and to compare TCO's operating performance to its competitors without regard to the impact of financing methods and capital structure and excluding costs that management believes do not reflect its ongoing operating performance. Innovex tracks Adjusted EBITDA on an absolute dollar basis and as a percentage of revenue, which we refer to as Adjusted EBITDA Margin. Adjusted EBITDA does not represent and should not be considered as an alternative to, or more meaningful than, net income or any other measure of financial performance presented in accordance with GAAP as measures of TCO's financial performance. Innovex's computation of TCO's Adjusted EBITDA may differ from computations of similarly titled measures of other companies. Innovex utilizes Return on Capital Employed ("ROCE") (a non-GAAP measure) to assess the effectiveness of its capital allocation over time and to compare its capital efficiency to its competitors. Innovex defines ROCE as income from operations excluding acquisition and integration costs, litigation related expenses not reflective of our ongoing operating performance, and income tax expense (resulting in Adjusted Income from Operations, after tax) divided by average capital employed. Capital employed is defined as the combined values of debt and stockholders' equity. Forward-Looking Statements Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Innovex's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology including "may," "believe," "expect," "intend," "anticipate," "plan," "should," "estimate," "continue," "potential," "will," "hope" or other similar words and include the Company's expectation of future performance contained herein. These statements discuss future expectations or state other "forward-looking" information, including without limitation statements regarding the expected benefits of the acquisition and the timing of the closing of the acquisition. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. These statements reflect management's expectations based on currently available information and involve significant risks, uncertainties and assumptions that may cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, economic conditions and other factors noted in the Company's Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. Innovex disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law. Innovex International, Inc. Reconciliation of TCO's Net Income to Adjusted EBITDA (USD in millions) 2025 Revenue $70.0 Net Income $12.4 (+) Net Interest Expense 0.6 (+) Income Tax Provision 3.4 (+) Depreciation and Amortization Expense 0.5 (-) Other Expense 0.0 (+) Non-Recurring Expenses 0.7 Adjusted EBITDA $17.6 Net Income Margin % 18% Adjusted EBITDA Margin %1 25% Note: TCO reported financials converted from NOK to USD at an exchange ratio of 0.1056 (1) Underlying calculation is not rounded. 1 Adjusted EBITDA is a non-GAAP measure, please see appendix for reconciliation to nearest GAAP measure and the section titled "Non-GAAP Financial Measures" for a definition of this measure. 2 Return on Capital Employed ("ROCE") is a non-GAAP measure. See the section titled "Non-GAAP Financial Measures" for a definition of this measure. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615340119/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Plains All American Pipeline and Plains GP Holdings Provide Updated Capital Spending Guidance for 2026
Related Quotes Plains All American Pipeline L.P.UNITS 22.44 0.04 0.18% Enter Symbols: Plains All American Pipeline and Plains GP Holdings Provide Updated Capital Spending Guidance for 2026 HOUSTON, June 15, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, "Plains") are providing an update to capital spending guidance for 2026. Plains expects growth capital spending to increase from approximately $350 million to a range of $400 to $450 million net to PAA in 2026. Maintenance capital is expected to remain approximately $185 million net to PAA this year. The increased budget is underpinned by multiple growth projects across our Permian long-haul, Canadian gathering, and Permian gathering businesses. We also anticipate investing in our broader Permian system to accommodate additional gathering volumes, particularly in the New Mexico Delaware Basin area. These projects are expected to generate high returns and contribute to our EBITDA profile in 2027. A more comprehensive project update will be provided in connection with our earnings call in August. "The oil macro environment has improved significantly since the beginning of the year, and customer activity and interest has allowed us to advance several high return projects. We believe tightened global crude oil supply and demand balances have increased demand for North American hydrocarbons. Our company is uniquely positioned to facilitate this growth with approximately 1.2 million barrels a day of crude oil purchases and direct connectivity to global export markets. The macro backdrop should result in an uplift in the value of energy infrastructure assets and support our continued commitment to increase return of capital to unitholders," said Willie Chiang, Chairman, CEO and President. Forward-Looking StatementsExcept for the historical information contained herein, the matters discussed in this release consist of forward-looking statements including, but not limited to, statements regarding the anticipated benefits resulting from increased capital spending. There are a number of risks and uncertainties that could cause actual results or outcomes to differ materially from results or outcomes anticipated in the forward-looking statements. These risks and uncertainties include, among other things: changes in or disruptions to economic, market or business conditions; substantial declines in commodity prices or demand for crude oil; third-party constraints; legal constraints (including the impact of governmental regulations, orders or policies); and other factors and uncertainties inherent in our business as discussed in PAA's and PAGP's filings with the Securities and Exchange Commission. About PlainsPAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil. PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminaling, storage, and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com. Investor Relations Contacts:Blake FernandezRoss [email protected](866) 809-1291
Natural Gas Services Group Acquires Flatrock Compression
Related Quotes Natural Gas Services Group Inc 42.37 0.05 0.12% Enter Symbols: Natural Gas Services Group Acquires Flatrock Compression $120 million cash and stock acquisition is immediately and materially accretiveDiversifies NGS's customer mix while adding multiple new large customersStrategic acquisition deepens NGS's operational footprint across the Permian Basin and Eagle FordSignificantly expands the Company's large horsepower and electric motor driven compression solutionsExisting credit facility increased to $500 million in conjunction with acquisitionNGS to host a conference call on Monday, June 15, 2026, at 10:00 a.m. Eastern Time SOUTHLAKE, Texas, June 15, 2026 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced that it has acquired Flatrock Compression Holdings ("Flatrock") for $120 million of consideration consisting of $110 million in cash and $10 million of newly issued NGS common stock. Flatrock is a leading provider of rental compression services with operations in the Permian Basin and Eagle Ford. Founded in 2001, Flatrock has a current rented fleet of approximately 86,000 horsepower with a significant majority consisting of large horsepower units and electric motor driven units. Overall, the Flatrock fleet is currently 95% utilized by horsepower. "This acquisition represents an important strategic step for NGS," said Justin Jacobs, Chief Executive Officer of NGS. "Flatrock has built a high-quality compression business with a strong reputation for field execution, operational excellence, and customer service. The company has assembled an attractive compression fleet, which has grown organically at comparable rates to NGS." "This acquisition increases our operational density in both the Permian Basin and Eagle Ford, adds meaningful customer diversification and attractive opportunities for growth with several new large customers, and complements our fleet with the addition of significant large horsepower and electric motor units. Just as importantly, Flatrock's culture aligns closely with ours, as both organizations are committed to safety, operational excellence, and delivering innovative and reliable compression solutions to customers. This is not only a strategic transaction, but also a highly attractive financial acquisition as the purchase price represents an approximate 6.2x Adjusted EBITDA multiple and it is immediately accretive to key financial metrics." "I would like to welcome all the employees of Flatrock to NGStogether, we will continue to grow faster than our competitors and lead the industry in technology and innovation. I would also like to thank all the employees of NGS for their hard work and dedication as well as our lending partners, both existing and new, who helped facilitate this transaction." B.J. Ellis, Chief Executive Officer of Flatrock, said, "We are proud of the business our team has built and the reputation we have earned with our customers over many years. Our success has been driven by great people, operational discipline, technical expertise, and a relentless focus on customer service. After evaluating the opportunities available to our company, we believe NGS is the right partner to build upon that foundation. The combined organization will have greater scale, expanded capabilities, and additional growth opportunities for both our employees and customers. We are excited to join the NGS team and help drive the next phase of growth." Compelling Strategic and Financial Acquisition Adds a high-quality rental compression business with strong field operations and an established reputation for customer service.Diversifies NGS's customer base while adding multiple new large customers.Increases operational density in the Permian Basin and Eagle Ford, enhancing service capabilities and operational efficiency.Adds a business with organic growth characteristics similar to NGS.Combines highly complementary fleets with similar mix of horsepower size, models, and key components including engine type and compressor type.Attractive acquisition multiple of 6.2x first quarter 2026 Annualized Adjusted EBITDA (pre-synergies)1.Highly accretive across key financial metrics and supportive of shareholder value creation.NGS remains prudently leveraged with pro forma leverage ratio of approximately 3x. Expanded Credit Facility In connection with the transaction, NGS entered into the Fifth Amendment to its existing credit agreement, which increased the Company's committed credit facility from $400 million to $500 million while retaining the $100 million accordion feature that, subject to lender approval and collateral availability, can be used to increase the maximum commitment to $600 million. Following the transaction, the Company remains well-positioned with meaningful liquidity under its expanded credit facility. Conference Call Details NGS will host a conference call on Monday, June 15, 2026, at 10:00 a.m. Eastern Time to discuss the transaction and review the investor presentation released in the Form 8-K. To listen to the call via webcast, please visit the Investor Relations section of the Company's website at www.ngsgi.com. Participants may also join by telephone by dialing (800) 550-9745 and entering conference ID: 167298. A replay of the conference call will be available on the Company's website following the event. (1) Represents NGS management forecasted last quarter annualized ("LQA") Adjusted EBITDA of Flatrock at March 31, 2026, based on financial information provided by Flatrock and excluding expected synergies. Adjusted EBITDA is a non-GAAP financial measure. Please see below under "Supplemental Non-GAAP Financial Measures." Advisors Gibson, Dunn & Crutcher LLP served as legal advisor and Intrepid Partners, LLC served as financial advisor to NGS. Carol Burke of CBurke Legal PLLC and Nelson Mullins Riley & Scarborough LLP served as legal advisors and Amy Nelson of Greenridge Advisors, LLC served as financial advisor to Flatrock. About Natural Gas Services Group, Inc. Natural Gas Services Group is a leading provider of natural gas and electric compression equipment, technology and services to the energy industry. The Company rents, designs, installs, services and maintains natural gas and electric compressors for oil and natural gas production and processing facilities and midstream infrastructure. NGS is headquartered in Southlake, Texas, with an administrative office in Midland, Texas, an assembly facility located in Tulsa, Oklahoma, and service facilities located in major oil and natural gas producing basins throughout the United States. About Flatrock Compression Holdings Flatrock Compression provides safe, reliable rental compression services to oil and natural gas producers and midstream companies utilizing both gas engine and electric motor driven compression. The company also delivers patented gas lift facility solutions designed to maximize production by minimizing downtime and reducing associated methane emissions. Flatrock operates throughout the Permian Basin and Eagle Ford regions of Texas and has served the oil and gas industry since 2001. Cautionary Statement Regarding Forward-Looking Statements This Release includes certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and information pertaining to us, the acquisition (the "Acquisition") of Flatrock Compression Holdings, LLC ("Flatrock"), our industry and the oil and gas industry that is based on the beliefs of our management, as well as assumptions made by and information currently available to our management. All statements, other than statements of historical fact included in this Release are forward-looking statements. When used in this Release, the words "may," "will," "expect," "anticipate," "estimate," "guidance," "believe," "continue," "intend," "plan," "budget" and similar words are intended to identify forward-looking statements. These forwardlooking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of the Company. Forwardlooking information includes, but is not limited to, statements regarding: the anticipated benefits of the Acquisition; the expectation that the acquisition will be immediately and meaningfully accretive; expectations regarding earnings, cash flow, and shareholder value creation; and expectations regarding future growth, competitive position, plans and objectives. The Company undertakes no obligation to revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as required by applicable law. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's reports filed with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended December 31, 2025, and its other filings with the SEC. All forward-looking statements in this Release are expressly qualified by the cautionary statements and by reference to the underlying assumptions that may prove to be incorrect. While the Company believes that the assumptions concerning future events are reasonable, investors are cautioned that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Some of these factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: (i) conditions in the oil and gas industry, including the supply and demand for oil and gas and volatility in the prices of oil and gas; (ii) changes in general economic conditions, inflationary pressures, the potential for impact on our financial condition, results of operations and cash flows; (iii) our reliance on major customers; (iv) failure of projected organic growth due to adverse changes in the oil and gas industry, including depressed oil and gas prices, oppressive environmental regulations and competition; (v) our inability to achieve increased utilization of assets, including rental fleet utilization and monetizing other non-cash balance sheet assets; (vi) failure of our customers to continue to rent equipment after expiration of the primary rental term; (vii) our ability to economically develop and deploy new technologies and services, including technology to comply with health and environmental laws and regulations; (viii) failure to successfully integrate and achieve accretive financial results in connection with any acquisitions we may make, including the Acquisition; (ix) unforeseen liabilities acquired in the Acquisition; (x) fluctuations in interest rates; (xi) our ability to make dividends, distributions and share repurchases; (xii) changes in regulation or prohibition of new well or current completion techniques; (xiii) competition among the various providers of compression services and products; (xiv) changes in safety, health and environmental regulations; (xv) changes in economic or political conditions in the markets in which we operate; (xvi) the inherent risks associated with our operations, such as equipment defects, malfunctions, natural disasters and adverse changes in customer, employee and supplier relationships; (xvii) our inability to comply with covenants in our debt agreements and the decreased financial flexibility associated with our debt; (xviii) inability to finance our future capital requirements and availability of financing; (xix) cybersecurity threats, including increased use of artificial intelligence and other emerging technologies; (xx) capacity availability, costs and performance of our outsourced compressor fabrication providers and overall inflationary pressures; (xxi) impacts of world events, such as acts of terrorism, the conflicts in Iran, Ukraine, Venezuela and the greater Middle East, and significant economic disruptions and adverse consequences resulting from possible long-term effects of potential pandemics and other public health crises; and (xxii) general economic conditions. The financial and operating estimates contained in this Release represent our reasonable estimates as of the date of this Release. Neither our independent auditors nor any other third party has examined, reviewed or compiled the estimates and, accordingly, neither of the foregoing expresses an opinion or other form of assurance with respect thereto. The assumptions upon which the estimates are based are described in more detail herein. Some of these assumptions inevitably will not materialize, and unanticipated events may occur that could affect our results. Therefore, our actual results achieved during the periods covered by the estimates will vary from the estimated results. Investors are not to place undue reliance on the estimates included herein. Supplemental Non-GAAP Financial Measures This Release includes financial measures that are not in accordance with accounting principles generally accepted in the United States ("GAAP"), such as "Adjusted EBITDA." While management believes that such measures are useful for investors, they should not be used as a replacement for financial measures that are in accordance with GAAP. The Company defines "Adjusted EBITDA" as net income (loss) before interest, taxes, depreciation and amortization, as well as an increase in inventory allowance, impairments, retirement of rental equipment, nonrecurring restructuring charges including severance and non-cash equity-classified stock-based compensation expenses. This term, as used and defined by us, may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA should not be considered in isolation or as a substitute for operating income, net income or loss, cash flows provided by operating, investing and financing activities, or other income or cash flow statement data prepared in accordance with GAAP. However, management believes Adjusted EBITDA is useful to an investor in evaluating our operating performance. Note that to the extent forward-looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. The Company defines "leverage" consistent with its credit facility and means, as of the last day of each fiscal quarter, the ratio of (i) all Funded Debt as of such date to (ii) Annualized EBITDA as of such date.
Oceaneering to Participate at the 2026 J.P. Morgan Natural Resources Conference
Related Quotes Oceaneering International Inc 39.39 0.41 1.03% Enter Symbols: Oceaneering to Participate at the 2026 J.P. Morgan Natural Resources Conference HOUSTON, Jun. 15 /BusinessWire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Rod Larson will participate in a fireside chat at the J.P. Morgan Natural Resources Conference in New York on Tuesday, June 23, 2026. Mr. Larson and Senior Director, Investor Relations Hilary Frisbie will also host meetings with institutional investors. Oceaneering's most recent presentation is available on the Investor Relations page of Oceaneering's website at www.oceaneering.com. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit www.oceaneering.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615376906/en/ back Private-label branded pages powered by TickerTech.com. Copyright © 2026 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
Ecopetrol and the Oil Workers Union (USO) Reach Final Agreement in Collective Bargaining Process
BOGOTA D.C., Colombia, June 15, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") announces that, on June 13, 2026, as part of the collective bargaining process, it reached a final agreement on a new collective bargaining agreement with the Oil Workers Union (Unión Sindical Obrera - USO), the majority union and holder of the collective bargaining agreement. The new agreement has a term of six years, effective as of January 1, 2026. In addition, in accordance with applicable law, the Company has entered into 66 final agreements with other participating labor unions.This outcome reflects the discussions held during the direct negotiation stage and its extension, which took place over the course of more than 990 sessions in an environment grounded in dialogue, mutual respect, active listening, and collaborative engagement.The agreements reached include improvements in working conditions, as well as enhanced benefits in health and education, the strengthening of diversity, equity, and inclusion initiatives, and social investment, among other aspects. These measures are intended to contribute to the well-being of employees and their families, strengthen relationships with key stakeholders, and align with the Company's principles of reasonableness, efficiency, and cost discipline.In the coming days, the Company expects to carry out the necessary procedures for the formalization and filing of the agreement with the Ministry of Labor. Subsequently, the Company and the USO negotiating teams intend to conduct joint nationwide sessions to communicate and explain the agreements reached. There can be no assurance as to the timing of such procedures or sessions.The Company acknowledges and appreciates the work and commitment of all employees and union representatives who contributed their expertise and efforts to the successful completion of this process.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla-Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with drilling and exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations OfficeEmail: [email protected] Head of Corporate Communications (Colombia) Marcela Ulloa Email: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-and-the-oil-workers-union-uso-reach-final-agreement-in-collective-bargaining-process-302799955.htmlSOURCE Ecopetrol S.A.
VAALCO Energy, Inc. Announces Exciting Operational Update in Offshore Gabon and in Egypt
Related Quotes Vaalco Energy Inc 5.46 0.01 0.18% Enter Symbols: VAALCO Energy, Inc. Announces Exciting Operational Update in Offshore Gabon and in Egypt HOUSTON, June 15, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("Vaalco" or the "Company") announced positive operational updates offshore Gabon regarding the ongoing drilling program, including impressive initial well results on the Ebouri-5H well and mobilization of the rig to the SEENT platform. Additionally, the Company provided a positive update on the first well completed in the 2026 onshore Egypt drilling program. Operational Highlights: Successfully drilled, completed and placed on production the Ebouri-5H development well at the top of the structure with a lateral of 300 meters of net pay in high-quality Gamba sands; Achieved excellent initial flow rate exceeding 8,000 gross barrels of oil per day ("BOPD"), 4,700 BOPD net to Vaalco, with very low water cut; Continued the drilling campaign in offshore Gabon, with the rig mobilization to the SEENT platform to drill the ETBNM-3 development well; Planned as a directionally drilled slant well, adjacent to GMF-1X discovery well;Targeting gas and condensate resources in the Dentale D15 reservoir from the crest of the North Tchibala structure;Natural gas produced from a successful well will be utilized for operational purposes in the field to significantly reduce the costs of higher priced diesel that is currently transported to the field by vessel; In Egypt, successfully drilled, completed and placed on production the HE-9 development well; Encountered 26 meters of net pay in the Asl B reservoir; andAchieved excellent initial flow rate of 529 gross BOPD, above Vaalco's predrill expectations. George Maxwell, Vaalco's Chief Executive Officer, commented, "We are very pleased with the continued positive results from our Gabon drilling campaign. The Ebouri-5H development well encountered 300 meters of net pay in high-quality Gamba sands in a crestal position within the Ebouri field. The well was brought online with initial rates exceeding 8,000 gross BOPD, or 4,700 net BOPD. We have mobilized the rig to the SEENT platform where we plan to drill two development wells. Our goal is to continue to successfully add production and reserves with the remainder of our Gabon drilling campaign. In Egypt, given the success of the 2025 drilling campaign, including captured efficiencies and accelerated technical subsurface evaluation, the Company is drilling additional wells in 2026. We completed and placed on production the HE-9 development well in early June, the first well in our 2026 drilling program, and are very pleased with the strong IP rates. With the Baobab field successfully restarted and the continued successes in the Gabon and Egypt drilling campaigns, we have many positive achievements year to date, and we believe that the remainder of 2026 will be profitable. We remain focused on execution and driving meaningful growth through our organic capital programs that we believe will translate into value for our shareholders in 2026 and beyond." About Vaalco Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, and Equatorial Guinea. Vaalco's Legal Entity Identifier (LEI) is 549300CFHFVIWB8M6T24. For Further Information Vaalco Energy, Inc. (General and Investor Enquiries)+00 1 713 543 3422Website:www.vaalco.com Al Petrie Advisors (US Investor Relations)+00 1 713 543 3422Al Petrie / Chris Delange Burson Buchanan (UK Financial PR)+44 (0) 207 466 5000Barry [email protected] Forward Looking Statements Information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "forecast," "outlook," "aim," "target," "will," "could," "should," "may," "likely," "plan" and "probably" or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding future exploration and the development, growth and potential of Vaalco's operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iii) expectations regarding future acquisitions, investments or divestitures; (iv) expectations of future dividends; (v) expectations of future balance sheet strength; and (vi) expectations of future equity and enterprise value. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; and the risks described under the caption "Risk Factors" in Vaalco's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC. Any forward-looking statement made by Vaalco in this press release, is based only on information currently available to Vaalco and speaks only as of the date on which it is made. Except as may be required by applicable securities laws, Vaalco undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Inside Information This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is made in accordance with the Company's obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.
SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
Related Quotes Shell Plc American Depositary Shares EA 85.66 0.19 0.22% Enter Symbols: SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS June 15, 2026 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2026 interim dividend, which was announced on May 7, 2026 at US$0.3906 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 8, 2026 will be entitled to a dividend of US$0.3906, 0.3381 or 29.18p per ordinary share, respectively. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from June 10 to June 12, 2026. This dividend will be payable on June 29, 2026 to those members whose names were on the Register of Members on May 22, 2026. Taxation - cash dividend If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html CAUTIONARY NOTE The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ââSubsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statementsThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ââanticipate''; "aspire", "aspiration", ââbelieve''; "commit"; "commitment"; ââcould''; "desire"; ââestimate''; ââexpect''; ââgoals''; ââintend''; ââmay''; "milestones"; ââobjectives''; ââoutlook''; ââplan''; ââprobably''; ââproject''; âârisks''; "schedule"; ââseek''; ââshould''; ââtarget''; "vision"; ââwill''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, June 15, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensityAlso, in this announcement we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions targetShell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measuresThis announcement may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
Related Quotes Shell Plc American Depositary Shares EA 82.3903 3.2697 3.82% Enter Symbols: SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS SHELL PLC FIRST QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS June 15, 2026 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2026 interim dividend, which was announced on May 7, 2026 at US$0.3906 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 8, 2026 will be entitled to a dividend of US$0.3906, €0.3381 or 29.18p per ordinary share, respectively. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above. Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from June 10 to June 12, 2026. This dividend will be payable on June 29, 2026 to those members whose names were on the Register of Members on May 22, 2026. Taxation - cash dividend If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html CAUTIONARY NOTE The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statementsThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ``anticipate''; "aspire", "aspiration", ``believe''; "commit"; "commitment"; ``could''; "desire"; ``estimate''; ``expect''; ``goals''; ``intend''; ``may''; "milestones"; ``objectives''; ``outlook''; ``plan''; ``probably''; ``project''; ``risks''; "schedule"; ``seek''; ``should''; ``target''; "vision"; ``will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, June 15, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensityAlso, in this announcement we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions targetShell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measuresThis announcement may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.