Exxon’s Texas LNG Project Faces Major Setback As Lead Contractor Files For Bankruptcy
Exxon Mobil and Qatar's contractor for Texas LNG plant files for bankruptcy due to cost challenges. Project expected to expand exports in 2025.
PropertyGuru Takeover On The Horizon? KKR And TPG Reportedly Explore Buyout
KKR and TPG are reportedly exploring options to buyout PropertyGuru, a Southeast Asian online real estate platform. KKR also acquired minority stakes in Infinx and Perpetual.
Why Is Dycom Industries Stock Surging Premarket Wednesday?
Dycom Industries' Contract revenue increased 9.3% Y/Y to $1.142 billion, beating the consensus of $1.093 billion. EPS of $2.12 surpassed the street view of $1.51.
Oil Giant Dives Deep in Angola: TotalEnergies Greenlights Kaminho FPSO Unit
TotalEnergies SE and partners disclosed FID for the Kaminho project in Angola. The project plans to develop fields and reduce methane emissions.
PropertyGuru’s Q1 Stumbles: Singapore Shines, But Growth Elsewhere Sputters
PropertyGuru Group reported lower Q1 FY24 results with revenue of S$36.5M, missing consensus. Adjusted EBITDA rose to S$4M and EPS loss of S$(0.04). Outlook: revenue of S$165M-S$180M and adjusted EBITDA of S$22M-S$26M.
Why Is ZIM Integrated Shipping Stock Falling Today?
ZIM's first quarter FY24 sales up 14%, EPS at $0.75. Adjusted EBITDA rose 14%, net leverage ratio at 2.8x. Dividend of $0.23 declared. Raised outlook.
KKR Injects Cash And Expertise Into Healthcare Tech Company Infinx
KKR to acquire minority stake in Infinx, leveraging its expertise in healthcare and technology to drive growth and expand network.
Advanced Energy Discloses New Offer To Acquire XP Power; Is The Latest Proposal Enticing Enough?
AEIS proposes to acquire XP Power for £19.50 per share in cash, which is a 68% premium to XP Power's closing share price on May 20, 2024. AEIS's CEO believes the deal will benefit both shareholders and customers.
Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.
What’s Going On With European Airline Ryanair’s Stock Today?
Ryanair Holdings reported full-year results with 25% revenue growth, 34% net profit increase, and plans for 8% traffic growth in FY25.