During the corresponding time, Rice Acquisition Corp recorded a revenue increase by 83.63 % year on year, sequentially revenue fell by -8.29 %. While revenue at the Rice Acquisition Corp 's corporate clients
Rice Acquisition's Comment on Sales, Marketing and Customers
Exploration and Production Segment
Our Exploration and Production segment sells produced natural gas principally
to natural gas marketers. While additional takeaway capacity has been, and continues
to be, added to alleviate this supply/demand imbalance, the cost of new firm
transportation projects has risen significantly in recent years. Changes in
the market price for natural gas, including basis differentials, impact our
revenues, earnings and liquidity. We are unable to predict potential future
movements in the market price for natural gas, including Appalachian basis differentials,
and thus cannot predict the ultimate impact of prices on our operations; however,
we monitor the market for natural gas and adjust strategy and operations as
deemed to be appropriate. In order to protect cash flow from undue exposure
to the risk of changing commodity prices, we hedge a significant portion of
our forecasted natural gas production, most of which is hedged at NYMEX natural
gas prices.
Rice Midstream Holdings Segment
Our Rice Midstream Holdings segment derives gathering and compression revenues
from charges to customers for use of its gathering systems and compression assets
in Ohio. The gathering systems currently have interconnects into two major interstate
pipelines: Dominion East Ohio and Rockies Express Pipeline.
Rice Midstream Partners Segment
Our Rice Midstream Partners segment derives gathering, compression and water
services revenues from charges to customers for use of its gathering systems
and compression assets in Pennsylvania and its water assets in Pennsylvania
and Ohio. The gathering systems currently have interconnects into five major
interstate pipelines: Dominion Transmission, Columbia Gas Transmission, Texas
Eastern Transmission, Equitrans Transmission and National Fuel Gas Supply.
Rice Acquisition’s Comment on Sales, Marketing and Customers
Exploration and Production Segment
Our Exploration and Production segment sells produced natural gas principally
to natural gas marketers. While additional takeaway capacity has been, and continues
to be, added to alleviate this supply/demand imbalance, the cost of new firm
transportation projects has risen significantly in recent years. Changes in
the market price for natural gas, including basis differentials, impact our
revenues, earnings and liquidity. We are unable to predict potential future
movements in the market price for natural gas, including Appalachian basis differentials,
and thus cannot predict the ultimate impact of prices on our operations; however,
we monitor the market for natural gas and adjust strategy and operations as
deemed to be appropriate. In order to protect cash flow from undue exposure
to the risk of changing commodity prices, we hedge a significant portion of
our forecasted natural gas production, most of which is hedged at NYMEX natural
gas prices.
Rice Midstream Holdings Segment
Our Rice Midstream Holdings segment derives gathering and compression revenues
from charges to customers for use of its gathering systems and compression assets
in Ohio. The gathering systems currently have interconnects into two major interstate
pipelines: Dominion East Ohio and Rockies Express Pipeline.
Rice Midstream Partners Segment
Our Rice Midstream Partners segment derives gathering, compression and water
services revenues from charges to customers for use of its gathering systems
and compression assets in Pennsylvania and its water assets in Pennsylvania
and Ohio. The gathering systems currently have interconnects into five major
interstate pipelines: Dominion Transmission, Columbia Gas Transmission, Texas
Eastern Transmission, Equitrans Transmission and National Fuel Gas Supply.
Sources:
Rice Acquisition Corp’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: Rice Acquisition Corp’s corporate clients.
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