4 Apr 2017director interest notice● Neutral
Evolve Transition Infrastructure LP director Richard S Langdon received 6,369 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Mar 2017securities registration● Neutral
Evolve Transition Infrastructure LP registered a securities offering with the SEC using its shelf eligibility.
24 Mar 2017director interest notice● Neutral
Evolve Transition Infrastructure LP director Eduardo Augusto Sanchez disposed of 19,602 shares via option/appreciation-right settlement.
23 Mar 2017director interest notice● Neutral
Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger received 82,191 shares as part of the equity award.
22 Mar 2017director interest notice● Neutral
Evolve Transition Infrastructure LP CFO & Secretary Charles C Ward received 34,246 shares as part of the equity award.
22 Feb 2017substantial holder notice● Neutral
STONEPEAK CATARINA HOLDINGS LLC, STONEPEAK CATARINA UPPER HOLDINGS LLC, STONEPEAK ASSOCIATES LLC, STONEPEAK GP HOLDINGS LP, STONEPEAK GP INVESTORS LLC, STONEPEAK GP INVESTORS MANAGER LLC, MICHAEL DORRELL, TRENT VICHIE reported a Evolve Transition Infrastructure LP shareholding of 31,209,481 shares (70.20% of votes) in a periodic institutional filing.
22 Feb 2017director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received 208,594 shares as part of the equity award.
14 Feb 2017director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received a stock option grant for 1,704,446 shares.
14 Feb 2017substantial holder notice● Neutral
Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, Alyeska Fund, Anand Parekh disclosed a new substantial Evolve Transition Infrastructure LP shareholding (5.20% of votes).
7 Feb 2017substantial holder notice● Neutral
UBS Group AG directly and on behalf of certain subsidiaries reported a Evolve Transition Infrastructure LP shareholding of 5.00% of votes in a periodic institutional filing.
27 Jan 2017capital raising announcement▼ BadMajor
The partnership settled a dispute with Stonepeak over how its preferred units were being adjusted, issuing more units to close it. Fourteen months in, the terms of the preferred were already contested - a preview of a relationship that dominated the next seven years.
27 Jan 2017substantial holder notice● Neutral
STONEPEAK CATARINA HOLDINGS LLC, STONEPEAK CATARINA UPPER HOLDINGS LLC, STONEPEAK ASSOCIATES LLC, STONEPEAK GP HOLDINGS LP, STONEPEAK GP INVESTORS LLC, STONEPEAK GP INVESTORS MANAGER LLC, MICHAEL DORRELL, TRENT VICHIE reported a Evolve Transition Infrastructure LP shareholding of 31,000,887 shares (70.10% of votes) in a periodic institutional filing.
28 Nov 2016director interest notice● Neutral
Hite Hedge LP became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
28 Nov 2016substantial holder notice● Neutral
SN UR Holdings, LLC, Sanchez Energy Corporation disclosed a new substantial Evolve Transition Infrastructure LP shareholding (17.10% of votes).
28 Nov 2016director interest notice● Neutral
Sn Ur Holdings, LLC became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
22 Nov 2016asset acquisition disposition● NeutralMajor
The partnership closed its purchase of 50% of Carnero Processing from Sanchez Energy, paying about $55.5 million in cash and assuming about $24.5 million of remaining commitments. It also closed the Eagle Ford and Palmetto Field wells purchase for $25.6 million in cash after $1.4 million of adjustments.
22 Nov 2016capital raising announcement▲ GoodMajor
The partnership sold 6.55 million units publicly at $11.00 to help pay for the Carnero processing stake - its only genuine public equity raise under Sanchez ownership.
What it means for a shareholder
6.5m new shares at $11.00 to raise about $72.0m. That's 60% dilution: every existing holder's slice gets 60% smaller. If you held $1,000 of shares (91 at the issue price), your slice goes from 0.00205% to 0.000828% of the company. To keep it you'd need 134 more shares - about $1,474 at the issue price.
Create a free account to see this worked out for your own holding.
18 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP filed the final prospectus for a registered offering.
17 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP filed a free-writing prospectus - marketing material for an offering in progress.
4 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
1 Nov 2016material agreement● NeutralMajor
Amended filing for three agreements dated October 6, 2016, all with Sanchez Energy affiliates, continuing the pattern of buying assets from Sanchez Energy. The partnership agreed to buy Sanchez Energy's 50% of Carnero Processing, LLC (a gas processing plant under construction in La Salle County, Texas; the other 50% is owned by Targa) for about $47.7 million plus about $32.3 million of remaining capital commitments. It also agreed to buy oil and gas properties for $27.0 million ($24.9 million cash after $2.1 million of adjustments): working interests in 23 Eagle Ford wells and 11 Palmetto Field wells, expected to add about 700 Boe/d in 2017, with Sanchez Energy's own estimate of about 1,800 MBoe of proved reserves under SEC rules. It also obtained an option on a ground lease at Point Comfort, Texas for $1.00 if exercised, plus $250,000 if a marine crude storage terminal is built. Both purchases depend on the partnership obtaining financing and were expected to close in Q4 2016. The amendment only adds reserve information and updates the expected closing date.
1 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
1 Nov 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $19.9 million and net income of $28.8 million for the period ended 2016-09-30.
1 Nov 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $19.9 million and net income of $28.8 million for the period ended 2016-09-30.
7 Oct 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
7 Oct 2016material agreement● NeutralMajor
The partnership agreed to buy half of Carnero Processing - a cryogenic gas plant under construction in La Salle County - from Sanchez Energy for $47.7 million plus $32.3 million of remaining construction commitments. A third midstream purchase from the same related seller inside eighteen months.
19 Aug 2016securities registration● Neutral
Evolve Transition Infrastructure LP registered a securities offering with the SEC.
18 Aug 2016substantial holder notice● Neutral
Antonio R. Sanchez, Jr, Antonio R. Sanchez, III, Eduardo A. Sanchez, Patricio D. Sanchez reported a Evolve Transition Infrastructure LP shareholding of 183,364 shares (4.20% of votes) in a periodic institutional filing.
17 Aug 2016director interest notice● Neutral
Evolve Transition Infrastructure LP 10%+ owner Hite Hedge Asset Management LLC sold 45,261 shares.
12 Aug 2016quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $12.3 million and a net loss of $2.0 million for the period ended 2016-06-30.