Mergers & Acquisitions

Sunoco LP Completes the Acquisition of Sandford Oil

Sunoco LP Completes the Acquisition of Sandford Oil PR Newswire DALLAS, Aug. 1, 2018 DALLAS , Aug. 1, 2018 /PRNewswire/ — Sunoco LP (NYSE: SUN) (“Sunoco”) announced today the completion of the acquisition of the equity interests of Sandford Energy, LLC, Sandford Transportation, LLC and their respective subsidiaries for approximately $66 million plus working capital adjustments […]

Stock Analysts

Encana (ECA) Posts Q2 Loss on High Costs and Low Gas Output

Encana Corporation ECA reported second-quarter 2018 net loss of 16 cents per share, underperforming the Zacks Consensus Estimate of earnings of 10 cents. The weaker-than-expected results are attributed to the $236 million non-cash charge incurred in the quarter. The bottom line also deteriorated from 34 cents per share reported in the year-ago quarter amid increasing costs and a decline in natural gas output […]

Stock Analysts

NiSource’s (NI) Q2 Earnings Miss Estimates, Decline Y/Y

NiSource Inc NI reported second-quarter 2018 operating earnings of 7 cents per share, missing the Zacks Consensus Estimate of 9 cents by 22.2%. Earnings declined 30% from the year-ago quarter’s tally. Highlights of the Release NiSource is on track to invest $1.7-$1.8 billion in its utility infrastructure capital programs in 2018 […]

Mergers & Acquisitions

McKim & Creed Acquires Pittsburgh Firm Loftus Engineers, LLC

McKim & Creed Acquires Pittsburgh Firm Loftus Engineers, LLC PR Newswire PITTSBURGH, Aug. 1, 2018 PITTSBURGH , Aug. 1, 2018 /PRNewswire/ — McKim & Creed, Inc., one of the largest engineering, geomatics (surveying) and planning firms headquartered in the Southeast, announced today that it has acquired Pittsburgh -based Loftus Engineers, LLC. […]