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Panhandle Eastern Pipe Line Company LP says Co Now A Subsidiary Of A Non-Corporate Unit Of Energy Transfer Operating LP After Internal Restructuring

Tuesday, 2 Jul 2019

July 2 (Reuters) - Panhandle Eastern Pipe Line Company LP::PANHANDLE EASTERN PIPE LINE COMPANY LP - CO NOW A SUBSIDIARY OF A NON-CORPORATE UNIT OF ENERGY TRANSFER OPERATING LP AFTER INTERNAL RESTRUCTURING.

Equitrans Midstream To Eliminate Incentive Distribution Rights

Thursday, 14 Feb 2019

Feb 14 (Reuters) - EQM Midstream Partners LP ::EQUITRANS MIDSTREAM TO ELIMINATE INCENTIVE DISTRIBUTION RIGHTS.EQUITRANS MIDSTREAM CORP - TO RESTRUCTURE ECONOMIC GENERAL PARTNER INTEREST IN EQM.EQUITRANS MIDSTREAM - EQM CLASS B UNITS ARE NOT ENTITLED TO RECEIVE CASH DISTRIBUTIONS FROM EQM UNTIL THEY BECOME CONVERTIBLE INTO EQM COMMON UNITS.EQUITRANS MIDSTREAM CORP - IDR ELIMINATION TRANSACTION IS EXPECTED TO BE ACCRETIVE TO EQM DISTRIBUTABLE CASH FLOW PER UNIT BEGINNING IN 2021.EQUITRANS MIDSTREAM CORP - ETRN WILL HOLD A 60% OWNERSHIP INTEREST IN EQM.EQUITRANS MIDSTREAM CORP - AGREEMENT EXCHANGES IDRS FOR 80 MILLION NEWLY ISSUED EQM COMMON UNITS AND 7 MILLION NEWLY ISSUED EQM CLASS B UNITS.EQUITRANS MIDSTREAM CORP - FOLLOWING TRANSACTION, EQGP HOLDINGS, LP WILL BE A WHOLLY OWNED SUBSIDIARY OF EQM.EQUITRANS MIDSTREAM - BOARDS OF DIRECTORS OF ETRN AND EQM, AS WELL AS EQM CONFLICTS COMMITTEE, HAVE UNANIMOUSLY APPROVED IDR ELIMINATION TRANSACTION..EQUITRANS MIDSTREAM CORP - AT HOLDER'S OPTION, CLASS B UNITS WILL BE CONVERTIBLE INTO EQM COMMON UNITS IN THREE TRANCHES.

Equitrans Midstream To Eliminate Incentive Distribution Rights

Thursday, 14 Feb 2019

Feb 14 (Reuters) - EQM Midstream Partners LP ::EQUITRANS MIDSTREAM TO ELIMINATE INCENTIVE DISTRIBUTION RIGHTS.EQUITRANS MIDSTREAM CORP - TO RESTRUCTURE ECONOMIC GENERAL PARTNER INTEREST IN EQM.EQUITRANS MIDSTREAM - EQM CLASS B UNITS ARE NOT ENTITLED TO RECEIVE CASH DISTRIBUTIONS FROM EQM UNTIL THEY BECOME CONVERTIBLE INTO EQM COMMON UNITS.EQUITRANS MIDSTREAM CORP - IDR ELIMINATION TRANSACTION IS EXPECTED TO BE ACCRETIVE TO EQM DISTRIBUTABLE CASH FLOW PER UNIT BEGINNING IN 2021.EQUITRANS MIDSTREAM CORP - ETRN WILL HOLD A 60% OWNERSHIP INTEREST IN EQM.EQUITRANS MIDSTREAM CORP - AGREEMENT EXCHANGES IDRS FOR 80 MILLION NEWLY ISSUED EQM COMMON UNITS AND 7 MILLION NEWLY ISSUED EQM CLASS B UNITS.EQUITRANS MIDSTREAM CORP - FOLLOWING TRANSACTION, EQGP HOLDINGS, LP WILL BE A WHOLLY OWNED SUBSIDIARY OF EQM.EQUITRANS MIDSTREAM - BOARDS OF DIRECTORS OF ETRN AND EQM, AS WELL AS EQM CONFLICTS COMMITTEE, HAVE UNANIMOUSLY APPROVED IDR ELIMINATION TRANSACTION..EQUITRANS MIDSTREAM CORP - AT HOLDER'S OPTION, CLASS B UNITS WILL BE CONVERTIBLE INTO EQM COMMON UNITS IN THREE TRANCHES.

DHT Holdings Announces Relocation Of The Co-CEOs To Singapore

Friday, 4 Jan 2019

Jan 4 (Reuters) - DHT Holdings Inc ::DHT HOLDINGS, INC. ANNOUNCES RELOCATION OF THE CO-CEOS TO SINGAPORE.DHT HOLDINGS INC - RELOCATION FOLLOWS CHANGES IN TAX LAW IN NORWAY FROM 2019 FOR TAX RESIDENCY OF COMPANIES FORMED OUTSIDE OF NORWAY.DHT HOLDINGS INC - COMPANY'S OFFICE IN NORWAY WILL RETAIN FUNCTIONS WITHIN FINANCE, ACCOUNTING, INVESTOR RELATIONS, CHARTERING AND OPERATIONS..DHT HOLDINGS INC - COMPANY'S TAX RESIDENCY WILL REMAIN UNCHANGED IN BERMUDA.DHT HOLDINGS INC - OFFICE IN SINGAPORE WILL HOLD SENIOR MANAGEMENT, CHARTERING, OPERATIONS, NEWBUILDING SUPERVISION AND TECHNICAL MANAGEMENT.

Gaslog Partners LP & Gaslog Ltd Announce Agreement To Modify Incentive Distribution Rights

Friday, 16 Nov 2018

Nov 16 (Reuters) - GasLog Ltd ::GASLOG PARTNERS SAYS GASLOG LTD & GASLOG PARTNERS LP ANNOUNCE AGREEMENT TO MODIFY INCENTIVE DISTRIBUTION RIGHTS - SEC FILING.GASLOG PARTNERS LP - MODIFICATION WILL HAVE EFFECT OF REDUCING GENERAL PARTNER’S IDRS ON QTRLY DISTRIBUTIONS ABOVE $0.5625 PER UNIT FROM 48% TO 23%.GASLOG PARTNERS SAYS GASLOG LTD AGREED TO WAIVE IDR PAYMENTS RESULTING FROM ASSET OR BUSINESS ACQUIRED BY CO FROM A THIRD PARTY.GASLOG PARTNERS LP - IN EXCHANGE FOR MODIFICATIONS, CO WILL PAY $25.0 MILLION TO GASLOG WHICH WILL BE SOURCED FROM AVAILABLE CASH.GASLOG PARTNERS - REITERATE DISTRIBUTION GROWTH GUIDANCE OF 5% TO 7% FOR 2018 AND 2% TO 4% FOR 2019.

Gaslog Partners LP & Gaslog Ltd Announce Agreement To Modify Incentive Distribution Rights

Friday, 16 Nov 2018

Nov 16 (Reuters) - GasLog Ltd ::GASLOG PARTNERS SAYS GASLOG LTD & GASLOG PARTNERS LP ANNOUNCE AGREEMENT TO MODIFY INCENTIVE DISTRIBUTION RIGHTS - SEC FILING.GASLOG PARTNERS LP - MODIFICATION WILL HAVE EFFECT OF REDUCING GENERAL PARTNER’S IDRS ON QTRLY DISTRIBUTIONS ABOVE $0.5625 PER UNIT FROM 48% TO 23%.GASLOG PARTNERS SAYS GASLOG LTD AGREED TO WAIVE IDR PAYMENTS RESULTING FROM ASSET OR BUSINESS ACQUIRED BY CO FROM A THIRD PARTY.GASLOG PARTNERS LP - IN EXCHANGE FOR MODIFICATIONS, CO WILL PAY $25.0 MILLION TO GASLOG WHICH WILL BE SOURCED FROM AVAILABLE CASH.GASLOG PARTNERS - REITERATE DISTRIBUTION GROWTH GUIDANCE OF 5% TO 7% FOR 2018 AND 2% TO 4% FOR 2019.

Marathon Petroleum Corp Reports Third Quarter 2018 Results

Thursday, 1 Nov 2018

Nov 1 (Reuters) - Marathon Petroleum Corp ::REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $1.62.Q3 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S.QTRLY R&M SEGMENT INCOME FROM OPERATIONS WAS $666 MILLION, COMPARED WITH $1.1 BILLION.MPC HAS BEGUN PROCESS OF CONVERTING ANDEAVOR COMPANY-OWNED-AND-OPERATED STORES TO SPEEDWAY BRAND..QTRLY TOTAL REFINERY THROUGHPUTS 2,032 MBPD VERSUS 2,017 MBPD REPORTED LAST YEAR.QTRLY TOTAL REVENUES AND OTHER INCOME $23,132 MILLION VERSUS $19,386 MILLION."MARKET ENVIRONMENT APPEARS FAVORABLE".MARATHON PETROLEUM - Q3 EARNINGS INCLUDED PRE-TAX CHARGES OF $49 MILLION RELATED TO PENSION SETTLEMENT AND TRANSACTION COSTS, OR ABOUT $0.08/SHARE.Q3 REVENUE VIEW $22.44 BILLION -- THOMSON REUTERS I/B/E/S.IN OCTOBER, MPC BEGAN EVALUATING FINANCIAL BUSINESS PLANS OF ANDEAVOR LOGISTICS LP.MARATHON PETROLEUM-TO ENGAGE ADVISORS & BEGIN PROCESS OF ASSESSING OPTIONS FOR TWO MLPS, WHICH COULD INCLUDE MPLX ACQUIRING ANDX & ANDX ACQUIRING MPLX.MARATHON PETROLEUM - EVALUATING BUSINESS PLANS OF ANDEAVOR WITH INTENT TO MOVE TOWARD FINANCIAL POLICIES MORE CONSISTENT WITH APPROACH TOWARDS MPLX.MARATHON PETROLEUM - QTRLY DECREASE IN R&M SEGMENT RESULTS WAS PRIMARILY DRIVEN BY LOWER MIDWEST AND GULF COAST CRACK SPREADS.

Ship Finance International Acquires 15 Vintage Vessels, Sells SFL Avon

Wednesday, 14 Mar 2018

March 14 (Reuters) - Ship Finance International Ltd ::SFL - ACQUISITION OF 15 VINTAGE VESSELS AND SALE OF SFL AVON.SAYS ‍DELIVERY OF VESSELS IS EXPECTED IN APRIL & THEIR AGGREGATE EBITDA CONTRIBUTION IS ESTIMATED TO BE ABOUT $20 MILLION PER YEAR​.SAYS ‍AGREED TO SELL 1,700 TEU CONTAINER VESSEL SFL AVON TO AN UNRELATED THIRD PARTY​.SAYS ‍AGREED TO BUY FLEET OF 15 VESSELS, RANGING FROM 1,100 TEU TO 4,400 TEU, IN COMBINATION WITH LONG TERM BAREBOAT CHARTERS​.SAYS PURCHASE PRICE OF THE FLEET OF 15 FEEDER SIZE CONTAINER VESSELS IS CONFIDENTIAL.SAYS ‍SFL AVON DELIVERY TO NEW OWNER EXPECTED IN APRIL, CO EXPECTS A MINOR BOOK GAIN IN CONNECTION WITH SALE​.SAYS ‍SFL AVON NET SALES PROCEEDS WILL BE ABOUT $12.5 MILLION​.SAYS CHARTER TERM FOR FLEET OF 15 FEEDER SIZE CONTAINER VESSELS TO BE 7 YEARS FROM DELIVERY.

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