Macquarie Infrastructure Holdings Llc's Corporate Customers have recorded an advance in their cost of revenue by 8.11 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -10.05 %. During the corresponding time, Macquarie Infrastructure Holdings Llc saw a revenue deteriorated by -74 % year on year, sequentially revenue grew by 9.76 %. While revenue at the Macquarie Infrastructure Holdings Llc's corporate clients recorded rose by 17.84 % year on year, sequentially revenue grew by 1.65 %.
Macquarie Infrastructure Holdings Llc's Customers have recorded an advance in their cost of revenue by 8.11 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -10.05 %, for the same period Macquarie Infrastructure Holdings Llc revnue deteriorated by -74 % year on year, sequentially revenue grew by 9.76 %.
Macquarie Infrastructure Holdings Llc's Comment on Sales, Marketing and Customers
The businesses of MIC Hawaii generate revenue primarily from the provision of
gas services to commercial, residential and governmental customers, the generation
of power and the design and construction of building mechanical systems.
MIC Hawaii does not depend on any single customer, the loss of which would
have a material adverse effect on the business.
The primary customers of the contracted power business are creditworthy counterparties
including utilities and power remarketers.
Atlantic Aviation does not depend on a single customer, the loss of which would
have a material adverse effect on the business.
IMTT provides bulk liquid terminal services primarily to vertically integrated
petroleum product producers and refiners, chemical manufacturers, food processors
and traders of bulk liquid petroleum, chemical and agricultural products. IMTT
does not depend on a single customer, the loss of which would have a material
adverse effect on IMTT.
For the year ended December 31, 2016, approximately 55% of IMTT’s revenue
was generated by its top ten customers of which seven were rated as investment
grade and the other three were not rated. Customers typically sign contracts
which, among other things, provide for a fixed periodic payment (usually monthly)
for access to and use of IMTT’s facilities. This payment may be expressed
in terms of cents per barrel of storage capacity, a dollar amount per unit of
infrastructure, or a dollar amount per month. These amounts are payable whether
the customer uses the facilities or not.
IMTT is responsible for ensuring appropriate care of products stored at its
facilities and believes it maintains adequate insurance with respect to its
exposure. IMTT does not have material exposure to commodity price fluctuations
because it typically does not purchase or market the products that it handles.
IMTT’s customers retain title to products stored and have responsibility
for securing insurance or self-insuring against loss or fluctuation in value.
Macquarie Infrastructure Holdings Llc’s Comment on Sales, Marketing and Customers
The businesses of MIC Hawaii generate revenue primarily from the provision of
gas services to commercial, residential and governmental customers, the generation
of power and the design and construction of building mechanical systems.
MIC Hawaii does not depend on any single customer, the loss of which would
have a material adverse effect on the business.
The primary customers of the contracted power business are creditworthy counterparties
including utilities and power remarketers.
Atlantic Aviation does not depend on a single customer, the loss of which would
have a material adverse effect on the business.
IMTT provides bulk liquid terminal services primarily to vertically integrated
petroleum product producers and refiners, chemical manufacturers, food processors
and traders of bulk liquid petroleum, chemical and agricultural products. IMTT
does not depend on a single customer, the loss of which would have a material
adverse effect on IMTT.
For the year ended December 31, 2016, approximately 55% of IMTT’s revenue
was generated by its top ten customers of which seven were rated as investment
grade and the other three were not rated. Customers typically sign contracts
which, among other things, provide for a fixed periodic payment (usually monthly)
for access to and use of IMTT’s facilities. This payment may be expressed
in terms of cents per barrel of storage capacity, a dollar amount per unit of
infrastructure, or a dollar amount per month. These amounts are payable whether
the customer uses the facilities or not.
IMTT is responsible for ensuring appropriate care of products stored at its
facilities and believes it maintains adequate insurance with respect to its
exposure. IMTT does not have material exposure to commodity price fluctuations
because it typically does not purchase or market the products that it handles.
IMTT’s customers retain title to products stored and have responsibility
for securing insurance or self-insuring against loss or fluctuation in value.
Sources:
Macquarie Infrastructure Holdings Llc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Macquarie Infrastructure Holdings Llc’s corporate clients.
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