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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Aug 2016director interest notice● Neutral
Evolve Transition Infrastructure LP Member of Investment Manager Hite Hedge Asset Management LLC sold 23,104 shares.
19 July 2016asset acquisition disposition● NeutralMajor
The sale of substantially all operated Oklahoma and Kansas wells to Gateway closed on July 15, 2016 for $7,120, with the buyer taking on the plugging and abandonment costs. The partnership kept its operated Osage County assets and its non-operated interests in Oklahoma and Kansas.
6 July 2016asset acquisition disposition● NeutralMajor
Another purchase from its controlling shareholder: Carnero Gathering bought from Sanchez Energy for about $37 million plus $7.4 million of assumed commitments. The partnership keeps buying midstream from the company that also supplies its volumes.
23 June 2016director interest notice● Neutral
Evolve Transition Infrastructure LP insider Hite Hedge Asset Management LLC sold 3,161 shares.
16 June 2016material agreement▼ BadMajor
The partnership agreed to sell substantially all its operated Oklahoma and Kansas wells - the old Cherokee Basin business - to Gateway Resources for $7,120. Not a typo: the assets were worth less than the liabilities attached to them, and the buyer was effectively paid to take the plugging obligations away.
10 June 2016substantial holder notice● Neutral
Raging Capital Management, LLC, William C. Martin reported no remaining Evolve Transition Infrastructure LP shareholding in its periodic institutional filing.
25 May 2016substantial holder notice● Neutral
Antonio R. Sanchez, Jr, Antonio R. Sanchez, III reported a Evolve Transition Infrastructure LP shareholding of 161,995 shares (3.78% of votes) in a periodic institutional filing.
16 May 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $23.2 million and net income of $5.3 million for the period ended 2016-03-31.
16 May 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $23.2 million and net income of $5.3 million for the period ended 2016-03-31.
10 May 2016substantial holder notice● Neutral
Raging Capital Management, LLC, William C. Martin reported a Evolve Transition Infrastructure LP shareholding of 233,593 shares (7.70% of votes) in a periodic institutional filing.
19 Apr 2016substantial holder notice● Neutral
HITE Hedge Asset Management LLC, James M. Jampel, HITE Hedge LP, HITE MLP LP, HITE Hedge QP LP, HITE MLP Advantage LP disclosed a new substantial Evolve Transition Infrastructure LP shareholding (13.22% of votes).
31 Mar 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $23.2 million and net income of $5.3 million for the period ended 2016-03-31.
10 Mar 2016substantial holder notice● Neutral
Antonio R. Sanchez, Jr, Antonio R. Sanchez, III reported a Evolve Transition Infrastructure LP shareholding of 157,717 shares (5.20% of votes) in a periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
Raging Capital Management, LLC, William C. Martin disclosed a new substantial Evolve Transition Infrastructure LP shareholding (15.40% of votes).
9 Feb 2016substantial holder notice● Neutral
UBS Group AG directly and on behalf of certain subsidiaries disclosed a new substantial Evolve Transition Infrastructure LP shareholding (5.75% of votes).
11 Dec 2015substantial holder notice● Neutral
Antonio R. Sanchez, Jr disclosed a new substantial Evolve Transition Infrastructure LP shareholding (5.40% of votes).
13 Nov 2015debt financing● Neutral
The credit agreement was amended alongside third-quarter results, the first reporting period reflecting the new midstream business.
13 Nov 2015quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $25.6 million and net income of $7.8 million for the period ended 2015-09-30.
10 Nov 2015substantial holder notice● Neutral
Raging Capital Master Fund, Ltd, Raging Capital Management, LLC, William C. Martin reported a Evolve Transition Infrastructure LP shareholding of 153,331 shares (4.90% of votes) in a periodic institutional filing.
26 Oct 2015substantial 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 disclosed a new substantial Evolve Transition Infrastructure LP shareholding (86.10% of votes).
15 Oct 2015securities registration● Neutral
Evolve Transition Infrastructure LP filed notice of an exempt private placement.
14 Oct 2015asset acquisition disposition● NeutralMajor
Catarina Midstream closed, together with a fifteen-year agreement under which Sanchez Energy must send all its Catarina production through the system. Stonepeak got two board seats, the right to appoint all three independent directors if its preferred is not redeemed by the end of 2021, and standstill protections. Both halves matter: the partnership's revenue now depends on one customer, and its governance now depends on one preferred holder.
29 Sept 2015capital raising announcement● NeutralMajor
The transformative deal: the partnership agreed to buy the Catarina gathering system from Sanchez Energy for $345.8 million, funded almost entirely by selling $350 million of new Class B preferred units to a single institutional buyer, Stonepeak. It converts the partnership from a marginal producer into a midstream business - and hands an infrastructure fund a claim ahead of every common unitholder.
17 Sept 2015substantial holder notice● Neutral
Investment Partners Asset Management, Inc. reported a Evolve Transition Infrastructure LP shareholding of 151,299 shares (4.80% of votes) in a periodic institutional filing.
14 Aug 2015quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $4.8 million and a net loss of $10.3 million for the period ended 2015-06-30.
14 Aug 2015quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $4.8 million and a net loss of $10.3 million for the period ended 2015-06-30.
6 Aug 2015substantial holder notice● Neutral
SANCHEZ ENERGY PARTNERS I, LP, SEP MANAGEMENT I, LLC, SANCHEZ OIL & GAS CORPORATION, ANTONIO R. SANCHEZ, III, A. R. SANCHEZ, JR reported a Evolve Transition Infrastructure LP shareholding of 141,455 shares (4.50% of votes) in a periodic institutional filing.
18 May 2015securities registration● Neutral
Evolve Transition Infrastructure LP registered a securities offering with the SEC using its shelf eligibility.
18 May 2015securities registration● Neutral
Evolve Transition Infrastructure LP filed a prospectus supplement for an offering off its existing shelf.