Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance

Energy Topics & Technology, Latest, OFS-Oilfield Services, Press Releases / By

  First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 …

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Enphase Energy Reports Financial Results for the First Quarter of 2024

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

FREMONT, Calif., April 23, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million …

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Range Announces First Quarter 2024 Results

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FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Cash flow from operating activities of $332 million Cash flow from operations, before working capital changes, of $308 million Capital spending was $170 million, approximately 26% of the 2024 budget Pre-hedge …

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Biden Administration Sets Plan for 12 Offshore Wind Auctions Over Five Years Despite Problems

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(Reuters) – President Joe Biden’s administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year. The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said …

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New Technology Helps U.S. Shale Oil Industry Start to Rebuild Well Productivity

Conventional Energy, Exploration & Production, Latest, Oil, US News / By

HOUSTON, April 24 (Reuters) – Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so. While overall output is at record levels, the amount of oil recovered …

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First Tanker in 12 Days sets sail from Freeport LNG in Texas

Conventional Energy, Latest, LNG, US News / By

The first tanker in 12 days set sail from Freeport LNG’s Texas export terminal on Tuesday, signaling the resumption of gas processing after an outage this month. Freeport LNG, one of the largest U.S. liquefied natural gas export facilities, has suffered several outages this year with all processing units recently out of service, pressuring U.S. …

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Goldman Expects Geopolitical Risk Premium to Moderate, Maintains $90/bbl Brent Ceiling

CDN and International News, Conventional Energy, Latest, Oil / By

Goldman Sachs on Tuesday said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming months, and maintained its range-bound view, with a $90 per barrel ceiling on Brent. Oil prices slipped on Tuesday, a day after touching their lowest levels in more than three …

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Tesla to Accelerate Launch of Cheaper Cars After Sales Miss

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales. The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begin making them. The Elon Musk-led company has been coping …

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