Newsfeeds Archive - Page 4 of 246

2 minute read

Matador Resources’ $1.9B Deal Expands Oil And Gas Dominance In Texas And New Mexico: Details

June 12, 10:59 AM

Matador Resources to acquire Ameredev II's oil and gas properties in NM and TX for $1.91B, including 19% stake in Piñon Midstream. Expected to close Q3 2024.

GRPM

2 minute read

Car Wash Chain Quick Quack Gets Squeaky Clean Investment From KKR

By Lekha Gupta

June 12, 9:18 AM

KKR invests in Quick Quack Car Wash, joining founders and Seidler Equity Partners. This investment will drive growth through innovation and expansion.

FMCX

2 minute read

Why Casey’s General Stores Shares Are Surging Premarket Wednesday

By Lekha Gupta

June 12, 8:17 AM

Casey's General Stores reports $3.60B sales, $2.34 EPS, 5.6% same-store sales rise, $517.6M inside gross profit, and $253.6M fuel gross profit in Q4.

CASY

2 minute read

Orsted Invests In Tesla-Powered Battery Storage In UK: Details

By Lekha Gupta

June 12, 7:38 AM

Orsted invests in battery energy storage system to stabilize UK energy supply and reduce price volatility. Tesla's system will be installed at Hornsea 3 Wind Farm.

DNNGY

1 minute read

JP Morgan Downgrades Cleveland-Cliffs: Rising Capex And Modest Auto Demand Hamper Growth Prospects

By Lekha Gupta

June 11, 2:41 PM

CLF stock downgraded by JP Morgan to Neutral with lower price target. Reduced price forecasts, weak EV demand, but strong long-term prospects.

CLF

2 minute read

AES’ Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

By Lekha Gupta

June 11, 1:48 PM

The AES Corporation's AES Hawaii launched the Kuihelani Solar-plus-Storage facility, generating 60MW of renewable energy and reducing Maui's reliance on fossil fuels.

AES

2 minute read

Crown Castle Streamlines Capital Expenditures In Fiber Segment, Cuts Jobs, Revises Guidance & More

By Lekha Gupta

June 11, 1:05 PM

Crown Castle to improve operational performance, updates outlook for FY24. Focus on demand for fiber and small cells in 48 top U.S. cities, reducing costs and staff.

CCI

1 minute read

Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually

By Lekha Gupta

June 11, 11:49 AM

Lithia Motors expands in US Southeast, acquiring stores expected to generate $240M in revenue. Total year-to-date revenue from acquisitions surpasses $5.6B.

LAD

1 minute read

What’s Going On With Banking Giant HSBC Stock Today?

By Lekha Gupta

June 11, 11:17 AM

HSBC completed the acquisition of Citigroup's retail wealth management portfolio in China, a move that doubles their net new invested assets.

APIE

2 minute read

Golden State Goes After Oil Giants: Lawsuit Targets Profits From Misleading On Climate Change

By Lekha Gupta

June 11, 9:55 AM

California AG targets major fossil fuel companies in amended complaint, seeks forfeiture of profits from illegal activities. Lawsuit claims deceptive practices and greenwashing by companies.