Recent News from The Largest Companies in Oil Refineries Industry |
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Dividend
Strategic Refocus Spurs Financial Resilience: Martin Midstream Partners L.P. Kicks Off 2025 with Strong Q1 ResultsIn a promising start to 2025, Martin Midstream Partners L.P. (Nasdaq: MMLP) has announced robust financial results for the first quarter, generating an adjusted EBITDA of $27.8 million. This economic disclosure, made by Bob Bondurant, Preside...
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Announcement
Allentown, PA, Feb. 28, 2025 CrossAmerica Partners LP (NYSE: CAPL) has officially filed its 2024 Annual Report on Form 10-K, reaffirming its commitment to transparency and sustained growth within the dynamic energy market. The report highlights the company?s achievements over the past year and its strategic positioning for future advancements in the se...
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Merger and Acquisition
HOUSTON, Jan. 29, 2025: A New Chapter for Adams Resources and Energy, Inc.?Stockholders Approve Acquisition by Tres Energy LLCIn a significant development for the energy sector, Adams Resources and Energy, Inc. (NYSE AMERICAN: AE) has received the green light from its stockholders regarding the much-anticipated acquisition by an affiliate of Tres Energy ...
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Announcement
CrossAmerica Partners LP Maintains Quarterly Distribution Amid Challenging Economic Conditions In an environment marked by fluctuating market dynamics, CrossAmerica Partners LP has announced a steadfast quarterly distribution of $0.5250 per unit, attributed to the fourth quarter of 2024. This decision underscores the company?s commitment to its unitholder...
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Business Update
Title : Martin Midstream Partners L.P. Announces Termination of Merger with Martin Resource Management Corporation In a significant development within the energy sector, Martin Midstream Partners L.P. (Nasdaq: MMLP), a midstream services company with operations across various segments of the energy industry, has announced the termination of its previousl...
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Business Update
In an unexpected turn of events, Martin Midstream Partners L.P. (MMLP) has announced the termination of its previously planned merger agreement with Martin Resource Management Corporation (MRMC). The merger, which was initially set to consolidate MMLP s outstanding common units not already owned by MRMC, has been abruptly halted, leading to the cancellati...
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Business Update
Navigating Strategic Shifts: Martin Midstream Partners L.P. Terminates Merger and Launches Tax Transparency Initiative In an unexpected turn of events, Martin Midstream Partners L.P. (Nasdaq: MMLP), based in Kilgore, Texas, announced the termination of its Agreement and Plan of Merger with Martin Resource Management Corporation (MRMC). The merger, initial...
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Business Update
In a significant development for Martin Midstream Partners L.P. (Nasdaq: MMLP), leading independent proxy advisory firm Glass Lewis and Co. has endorsed the proposed transaction with Martin Resource Management Corporation (MRMC). This recommendation follows a similar endorsement by Institutional Shareholder Services Inc. (ISS), underscoring widespread sup...
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Business Update
In a significant turn of events for Martin Midstream Partners L.P. (MMLP), the entity has secured endorsements from two leading independent proxy advisory firms, Glass Lewis and Co. (Glass Lewis) and Institutional Shareholder Services Inc. (ISS), who have both recommended that unitholders vote in favor of the proposed transaction with Martin Resource Mana...
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Merger and Acquisition
Adams Resources and Energy to be Acquired by Tres Energy LLC AffiliateOn November 12, 2024, Adams Resources and Energy, Inc. (NYSE AMERICAN: AE) announced a landmark decision poised to reshape its future within the oil and gas industry. The company has entered into a definitive agreement for acquisition by an affiliate of Tres Energy LLC. This all-cash t...
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Dividend
Global Partners, a leading energy company, continues to impress investors with their strong dividend distributions and impressive performance in the second quarter of 2024. The recent announcement of a cash distribution of $0.7200 per unit on all outstanding common units demonstrates GLP s commitment to providing value to its shareholders. With a 12-month...
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Announcement
CrossAmerica Partners LP, a leading wholesale distributor of motor fuels and convenience store operators, has announced that it will be maintaining its quarterly distribution. This news comes in the face of some concerning figures regarding the company s suppliers and cost of sales, signaling potential challenges in the industry. Nevertheless, CrossAmeric...
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Product Service News
Could Personal Air Conditioners Be the Solution for the Challenges Faced by the Paris Olympics Temperatures have been on the rise, presenting significant obstacles for the upcoming Paris Olympics. With athletes and spectators alike seeking respite from the scorching heat, TORRAS has introduced COOLiFY Cyber, an innovative personal air conditioner that may...
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Product Service News
iManage Expands Data Centre Options in Switzerland and the United Arab Emirates to Cater to Data Sovereignty NeedsIn an effort to address the growing demand for data sovereignty and provide customers with greater control over the geolocation of their data, iManage, a leading provider of work product management solutions, has announced the opening of new d...
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Dividend
Global Partners Continues Strong Performance with Cash Distribution on Series B Preferred Units
Global Partners LP (NYSE: GLP) has once again demonstrated its commitment to providing value to investors with the announcement of a quarterly cash distribution on its 9.50% fixed-rate Series B preferred units. The Board of Directors of Global GP LLC declar...
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Dividend
Global Partners LP (NYSE: GLP), a leading energy logistics and marketing company, continues to command attention with its latest announcement of a quarterly cash distribution for its Series B preferred units. This declaration by the Board of Directors reaffirms Global Partners commitment to generating value for its unitholders. With a fixed-rat...
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Dividend
WALTHAM, Mass. - Global Partners LP (NYSE: GLP), a leading energy partnership, has recently announced a positive development for its shareholders. The Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnerships 9.50% fixed-rate ...
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Business Update
In recent news, Martin Midstream Partners L.P. (NASDAQ: MMLP) has made two significant announcements. Firstly, the company has released its 2023 Schedule K-3 forms online, while also providing updates on a crude oil pipeline spill that occurred in June 2024. In this article, we will delve into these two developments, providing a detailed analysis of their...
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Business Update
Martin Midstream Partners Cooperates with Regulatory Authorities Following Crude Oil Pipeline SpillOn June 15, 2024, Martin Midstream Partners L.P. (NASDAQ: MMLP), a leading energy infrastructure company, was alerted to an unfortunate incident involving a spill of approximately 2,000 barrels of crude oil from one of its transfer pipelines. The affected pi...
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Business Update
Martin Midstream Partners Faces Environmental Crisis After Crude Oil Pipeline SpillKILGORE, Texas - In a recent development, Martin Midstream Partners L.P. (NASDAQ: MMLP) has announced the occurrence of a significant crude oil spill, resulting in the leakage of approximately 2,000 barrels of oil. The spill is believed to have originated from the Partnersh...
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Dividend
Miami, Florida - World Kinect Corporation (NYSE: WKC), a leading global energy management company, has declared a quarterly cash dividend of $0.17 per share, validating its commitment to delivering value to its shareholders. The dividend will be payable on July 16, 2024, to shareholders of record as of June 17, 2024.
With its headquarters in...
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Dividend
World Kinect Corporation Announces Quarterly Dividend Increase Amid Strong Performance
World Kinect Corporation (NYSE: WKC) has recently declared a quarterly cash dividend of $0.17 per share, showcasing the company s commitment to rewarding shareholders. The dividend, payable on July 16, 2024, reflects a positive outlook for the company s financial pe...
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Partnership
Toronto-based investment firm Clairvest Group Inc. (CVG) has teamed up with Clairvest Equity Partners VI (CEP VI) and ECL Entertainment, LLC (ECL) to acquire Wyoming Downs, a licensed horse racing and off-track betting (OTB) operator in Wyoming. With ECL s extensive experience in operating historical horse racing (HHR) gaming assets in Kentucky, this part...
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Partnership
The partnership between BEIL and Cargill was founded on shared values of sustainability and innovation. Both companies are renowned for their strong commitment to pioneering sustainable solutions for the global challenges faced by the planet. In recent years, Banle Energy International Limited has emerged as a leading innovator in renewable and alternativ...
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Management Announcement
VANCOUVER, British Columbia, April 25, 2024 - Dominion Lending Centres Inc. (TSX:DLCG) has recently announced the successful sale of its 52% interest in Cape Communications International Inc. (Impact) to Impact management, resulting in an aggregate cash proceeds of $3.71 million. This strategic move allows Dominion Lending Centres Inc. to furthe...
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Announcement
CrossAmerica Partners LP, a leading fuel distributor and convenience store operator, recently announced its quarterly distribution and provided insights into its financial performance. The company witnessed a deterioration in costs of revenue and a decline in revenue compared to the previous year, while experiencing sequential growth. This article aims to...
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Product Service News
In the constantly evolving ecosystem of commercial risk coverage, leveraging advanced technology systems is becoming more of a necessity than a luxury. A leading innovator in this space, HGV has made significant strides in consolidating disparate systems and expanding market coverage for both small and large commercial risks. This move is a practical embo...
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Stock Transactions
Global Partners LP to Redeem $69 Million of Series A Preferred Units
WALTHAM, Mass. - Global Partners LP (NYSE: GLP) has announced its intention to redeem all $69 million of its 2,760,000 issued and outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, commonly referred to as the Series A Preferred Units. These u...
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Product Service News
KILGORE, Texas - Martin Midstream Partners L.P. (NASDAQ: MMLP) (MMLP) has recently announced that its 2023 Investor Tax Packages, including Schedule K-1, are now available online. This move reflects the partnership s commitment to providing accessibility and transparency to its stakeholders. However, it is imperative to note that the information included ...
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Business Update
World Kinect Corporation Shows Promising Growth Strategy and Financial Outlook at 2024 Investor DayMIAMI - World Kinect Corporation (NYSE: WKC), a leading global player in multiple industries, held its highly anticipated 2024 Investor Day on date. The event provided insight into the company s unique market position, its plan to seize opportunities in vari...
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