• Square D™ Energy Center recognized for empowering homeowners to actively manage their energy use and reduce their carbon footprint
• Grid-to-plug solution offers simplified energy management, future-proofing homes while providing greater energy resiliency
• Green Builder Media the latest to recognize Schneider Electric for leadership and innovation in decarbonization and sustainability

BOSTON--(BUSINESS WIRE)--#EnergyCenter--Schneider Electric, the leader in digital transformation of energy management and automation, has been recognized as a 2021 Eco-Leader by Green Builder Media in their July/August issue. Green Builder recognizes pioneering companies confronting environmental challenges in innovative ways with the Eco-Leader award. As a 2021 Eco-Leader, Schneider Electric join a prestigious list of companies renowned for developing sustainable products and creating manufacturing processes that reduce their environmental footprint, improve people’s lives and enhance profitability.

Green Builder focused on the Square D™ Energy Center with the award for its innovation as a grid-to-plug solution giving homeowners convenient access to backup power, battery storage, solar and more, from a convenient smart phone app. As the most sustainable corporation in the world and four-time ENERGY STAR^® Partner of the Year, Schneider Electric recognizes the importance of decarbonization and sustainability to meet the challenges facing homeowners, including rising energy costs, frequent power disruptions and an increasing need for residential energy.

“With residential homes expected to become the single-largest greenhouse gas emitters over the next decade, innovation in the home building sector is crucial for achieving the world’s energy and decarbonization goals,” said Rich Korthauer, VP, Home and Distribution Business at Schneider Electric. “Net zero homes are critical for reducing emissions and mitigating the impacts of climate change. With the Square D Energy Center, we’re enabling homeowners to actively control their energy use and leverage the provided insights to make better energy choices.”

Grid-to-plug innovation: Square D™ Energy Center

The Square D™ Energy Center seamlessly enables the convergence, scalability, and optimization of residential distributed energy resources and empowers homeowners to take an active role in their home energy management, conveniently through the Wiser Energy app. Energy use can be monitored in real time, usage costs can be compared to utility rates for optimal savings, and power sources can be easily changed to battery or generator backup sources to ensure resiliency. More than just a smart energy panel, this grid-to-plug solution also enhances safety with whole-home surge protection and custom alerts for potential issues.

The platform is a major step towards enabling net zero, self-sufficient homes and bringing sustainable energy choices directly to consumers.

Schneider Electric is committed to developing solutions focused on efficiency to meet the challenges facing homeowners, including rising energy costs, frequent power disruptions and an increasing need for residential energy.

For more information on these grid-to-plug innovations from Schneider Electric, please visit https://www.se.com/us/en/home/offers/connected-home/.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Discover Life Is On

Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog

Hashtags: #LifeIsOn #SquareD #EnergyCenter #Sustainability

Schneider Electric Media Relations – Thomas Eck, This email address is being protected from spambots. You need JavaScript enabled to view it.

John Keppler and Enviva recognized for unstoppable leadership, bold vision, and unwavering commitment to mitigate the negative effects of climate change this decade

BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Ernst & Young LLP (EY US) announced that John Keppler of Enviva was named an Entrepreneur Of The Year^® 2021 Mid-Atlantic Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those who are unstoppable entrepreneurial leaders, excelling in talent management; degree of difficulty; financial performance; societal impact and building a values-based company; and originality, innovation, and future plans. John Keppler was selected by an independent panel of judges, and the award was announced during the program’s virtual awards gala on August 3, 2021.

“Being selected as an Entrepreneur of the Year by EY for the Mid-Atlantic is an honor and a true testament to the incredible work Enviva does every day to sustainably source, manufacture and utilize wood bioenergy to mitigate climate change,” said John Keppler, co-founder, Chairman and CEO of Enviva. “I sincerely thank the EY team for recognizing the dedicated and passionate work of displacing fossil fuels that Enviva has committed itself to achieving and I’m proud of the company that we’ve built that does right by our communities and is a leader in environmental stewardship and sustainability.”

Looking to fundamentally change the complex equation of energy and the environment, Keppler founded Enviva in 2004 as a way to repurpose low-value wood and produce a renewable fuel that could support global energy demand instead of being discarded or burned as scrap wood. Today, Enviva is a leading global renewable energy company specializing in sustainable wood bioenergy, a renewable fuel source that provides global power and heat generators with a drop-in alternative to fossil fuels. For power generation, woody biomass provides reliable and dispatchable energy that complements the intermittency of wind and solar and ensures a stable grid. On a mission to displace coal, grow more trees and fight climate change, Enviva is a values-driven company operating under the principles of: keeping promises, determination to make a difference, acting with integrity, and working with the qualities of openness, humility, and respect.

For 35 years, EY US has honored entrepreneurs whose ambition, courage and ingenuity have driven their companies’ success, transformed their industries and made a positive impact on their communities. Keppler will go on to become a lifetime member of the esteemed multi-industry community of award winners, with exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other ecosystem members in over 60 countries — all supported by vast EY resources.

As a Mid-Atlantic award winner, Keppler is now eligible for consideration for the Entrepreneur Of The Year 2021 National Awards. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum^®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies.

To view the full list of 2021 Mid-Atlantic award winners, visit: https://www.ey.com/en_us/news/2021/08/ey-announces-winners-for-the-eoy-2021-mid-atlantic-award

About Entrepreneur Of The Year^®

Entrepreneur Of The Year^® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

About Enviva Holdings, LP

Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.

MEDIA:
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+1-301-657-5560

Comprehensive management software designed to help solar installers around the world save time and money

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s worldwide leader in Flex MLPE (Module Level Power Electronics), today unveiled its Energy Intelligence (EI) Solution, a comprehensive digital platform designed to optimize the installer experience around commissioning, monitoring, and maintaining fleets of solar installations.

For solar installers, operations and maintenance represents a significant and ongoing burden due to the lack of visibility to the module-level information. Tigo EI quickly identifies issues that increase truck rolls, undermine energy output, and undercut the economic success of said installations. EI also delivers the tools to decrease operation and maintenance costs, increase system performance and revenue, and improve the user experience for both installers and customers. The platform also simplifies the commissioning process by providing greater system visibility and information to end installers and EPCs.

“Fleet management technology is the next key enabler in renewable energy, and the Tigo EI Platform will accelerate this domain with improved data gathering and analytics software,” said Archie Roboostoff, vice-president of software at Tigo Energy. “We are confident that the upgraded EI Solution solution will assist installers in pushing forward their energy systems and we look forward to seeing the results.”

Tigo Energy supports the revenue and strategic goals of installers through a holistic approach to energy management and by providing premium hardware and smart software solutions. With hundreds of terabytes of data on solar system performance collected to date, the value of the resulting analytics continues to increase. Installers have the opportunity to choose what works best for their systems and fleets. Key features of the EI Solution that will improve installer experience and interaction include:

• Fleet management view for installers to easily sort and analyze installed systems
• Power flow diagramming with interactive charts presenting archived and real-time power generation and distribution data
• Advanced performance reports designed to reduce alert fatigue for installers
• Advanced chart pages updated to include a calendar flow, and income statistics to show monetary equivalent of energy production.
• Innovative kiosk view showcasing energy details for system owners to illustrate to friends, colleagues and customers their renewable energy commitment

Earlier this year, Tigo Energy announced it surpassed 75GWh of Reclaimed Energy since 2009 in tens of thousands of installations. With EI, users and installers can access the ‘Reclaimed Energy’ feature, a tool that quantifies energy system optimization for greater energy generation. Existing customers that are currently using the platform will be automatically switched over to the newest version of EI, but the previous version of the platform will still be available for use at the customer’s discretion.

The platform is available on the web and as a mobile application named Tigo EI on Apple’s App Store and Google’s Play Store.

To learn more about Tigo Energy, visit tigoenergy.com.

About Tigo Energy

Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.

Technica Communications
Gabrielle Reitano
(408) 806-9626 Ext. 9783
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LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--#Business--UKG:

About UKG

At UKG (Ultimate Kronos Group), our purpose is people. Built from a merger that created one of the largest cloud companies in the world, UKG believes organizations succeed when they focus on their people. As a leading global provider of HCM, payroll, HR service delivery, and workforce management solutions, UKG delivers award-winning Pro, Dimensions, and Ready solutions to help tens of thousands of organizations across geographies and in every industry drive better business outcomes, improve HR effectiveness, streamline the payroll process, and help make work a better, more connected experience for everyone. UKG has 13,000 employees around the globe and is known for an inclusive workplace culture. The company has earned numerous awards for culture, products, and services, including consecutive years on Fortune’s 100 Best Companies to Work For list. To learn more, visit ukg.com.

Footnote 1: “Shifts worked” is a total derived from aggregated employee time and attendance data and reflects the number of times that employees, especially those who are paid hourly or must be physically present at a workplace to perform their jobs, “clock in” and “clock out” via a time clock, mobile app, computer, or other device at the beginning and end of each shift.

Copyright 2021 UKG Inc. All rights reserved. For a full list of UKG trademarks, please visit ukg.com/trademarks. All other trademarks, if any, are property of their respective owners. All specifications are subject to change.

Follow UKG on Facebook, Instagram, LinkedIn, Twitter, and YouTube.

UKG Contact:
Dan Gouthro
+1 978 947 7310
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For Sales Information:
UKG
+1 800 432 1729
ukg.com

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. The dividend is payable on September 1, 2021, to stockholders of record as of August 16, 2021.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.

Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NASDAQ: TELL) continues to build its integrated global natural gas business, entering into liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Gunvor Singapore Pte Ltd and Vitol Inc. for a total of six million tonnes per annum (mtpa) in the second quarter. Subsequent to the quarter end, Tellurian also entered into LNG SPAs with Shell NA LNG LLC for an additional three mtpa, completing the sales for plants one and two of Driftwood LNG.

Tellurian ended its second quarter of 2021 with approximately $111.9 million of cash and cash equivalents and no borrowing obligations, and generated approximately $5.6 million in revenues in the quarter from natural gas sales. Based on current production and anticipated results from new wells to be drilled, Tellurian estimates the 2021 year-end exit rate for gross natural gas production to be approximately 95 million cubic feet per day (mmcf/d).

Tellurian has a strong balance sheet consisting of approximately $328.2 million in total assets. Tellurian reported a net loss of approximately $30.6 million, or $0.08 per share (basic and diluted), for the three months ended June 30, 2021.

President and CEO Octávio Simões said, “Tellurian’s strengthened balance sheet and commercial success, combined with supportive market fundamentals, enable Driftwood’s continued progression. We exercised our long-term lease option with the Port of Lake Charles and have started on owner’s projects for site preparation. Tellurian Production is also enhancing our natural gas drilling program and this integrated approach will create the physical hedge for Driftwood’s natural gas purchases for liquefaction and export.”

About Tellurian Inc.

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”.

For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood project and future drilling activity and production. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 24, 2021, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.

Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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• Corporate power purchase agreements executed for electricity from largest solar project in Louisiana
• 345 MWdc solar farm estimated to abate about 450,000 metric tons of GHG emissions annually, equivalent to annual emissions from about 99,000 fuel burning cars
• Project to stimulate local economy by generating an estimated $30 million in new revenue to the Pointe Coupee Parish along with creating approximately 400 construction jobs

BATON ROUGE, La.--(BUSINESS WIRE)--#AmericanJobs--McDonald’s Corporation and eBay Inc. today announced agreements with Lightsource bp to purchase power from what will be Louisiana’s largest solar project, located 30 miles northwest of Baton Rouge in Pointe Coupee Parish. The 345 megawatt Ventress Solar project will help McDonald’s and eBay meet their sustainability goals and advance their commitment to climate action, while growing Lightsource bp’s expanding footprint of solar assets across the Southeast. Once complete, the project will generate over 600,000 megawatt-hours (MWh) of clean energy annually, equivalent to the average annual consumption of 59,000 US homes.

“As one of the world’s largest restaurant companies, McDonald’s is uniquely positioned to help spur significant action around climate change," said Emma Cox, Global Renewable Energy Lead at McDonald’s. "Our renewable energy deal with Lightsource bp will not only create Louisiana's largest solar project and serve as the latest milestone in making significant progress toward our science-based emissions reduction target for 2030, but also demonstrate our belief that meaningful solutions to building a sustainable future require partnership and collaboration."

“At eBay, investing in clean energy remains a focus of our business as we aim to attain 100 percent renewable energy by 2025,” said Renee Morin, Chief Sustainability Officer, eBay. “This project enables us to source the clean energy equivalent of our data center. Our collaboration with Lightsource bp and McDonald’s uniquely propels our shared goal to accelerate the transition to a clean energy economy.”

Construction is expected to begin as early as the end of this year on the Ventress Solar farm, with commercial operation starting in mid-2023. Lightsource bp is developing the project and will be the long-term owner and operator.

“This agreement is a great example of the teamwork needed to achieve our mutual goals for a healthier, more sustainable and resilient planet and economy for generations to come,” said Kevin Smith, CEO of the Americas for Lightsource bp. “Customer aggregation deals such as this allow businesses of varying sizes and energy needs to come together and spur meaningful development of clean and affordable energy sources in the US. This collaborative agreement by McDonald’s and eBay is a model we hope others will replicate.”

Local economic benefits beyond reducing greenhouse gas pollution

Beyond improving the health and energy security of communities across America, large-scale solar projects help strengthen local economies. Construction of the over $300 million privately funded solar farm will:

• Create approximately 400 construction jobs for 15-18 months, comprised primarily of local labor
• Provide an estimated $30 million dollar boost to Pointe Coupee Parish over the project life – providing additional funding for schools, fire departments, libraries and health services – without a tax increase on its citizens
• Deliver an indirect economic impact of over $200 million, according to a study by the Baton Rouge Area Chamber, an economic development agency supporting the nine-parish Baton Rouge Area

“This project is exciting news for our parish,” said Major Thibaut, Pointe Coupee Parish President. “It brings the largest economic development project to the area in thirty years, with minimal impact on our infrastructure. The participation in the PILOT program means approximately $30 million in revenue for parish government, law enforcement and school system without an increase in taxes on our residents.”

Dual use solar – maximizing benefits to the environment and local community

With proper planning and land management, solar farms can increase biodiversity and improve local ecosystems. A long-term environmental action plan is underway for Ventress Solar that aims to maximize local sustainability benefits through habitat creation and co-located agriculture to farm the land while also harnessing solar energy.

CustomerFirst Renewables and 3Degrees, representing McDonald’s and eBay respectively, partnered to advise the buyer aggregation during the transaction, and Ballard Spahr led negotiations on behalf of the buyers.

About Lightsource bp

Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 500 industry specialists, working across 15 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Since late 2017, the team has developed a pipeline of more than 8 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.7 gigawatts of contracted assets representing more than $2.2 billion in potential investment. For more information please visit lightsourcebp.com.

About McDonald’s

McDonald's is the world's leading global foodservice retailer with over 39,000 locations in over 100 countries. Approximately 93% of McDonald's restaurants worldwide are owned and operated by independent local business owners. For more information, visit www.mcdonalds.com, or follow us on Twitter @McDonalds and Facebook. www.facebook.com/mcdonalds.

About eBay

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in 190 markets around the world. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2020, eBay enabled $100 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Mary Grikas
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) (“ET” or the “Partnership”) today reported financial results for the quarter ended June 30, 2021.

ET reported net income attributable to partners for the three months ended June 30, 2021 of $626 million, an increase of $273 million compared to the same period the previous year. For the three months ended June 30, 2021, net income per limited partner unit (basic and diluted) was $0.20 per unit.

Adjusted EBITDA for the three months ended June 30, 2021 was $2.62 billion compared to $2.44 billion for the three months ended June 30, 2020. The increase was largely driven by improved earnings from several of the Partnership’s core segments.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2021 was $1.39 billion compared to $1.27 billion for the three months ended June 30, 2020. The increase in distributable cash flow was primarily due to the higher Adjusted EBITDA.

Key accomplishments and current developments:

Operational

• In June 2021, the Partnership commenced service on its Cushing to Nederland expansion project, which utilizes a crude oil pipeline previously servicing the Permian Basin. The new service provides connectivity to transport crude oil barrels from the Denver-Julesburg Basin and Cushing, Oklahoma to ET’s Nederland, Texas terminal.
• During the second quarter of 2021, the Partnership continued to ramp up volumes at its newly expanded Nederland, Texas terminal. As a result, when combined with Energy Transfer’s Marcus Hook Terminal on the east coast, ET exported more NGLs than any other company worldwide in the months of May and June.
• The Partnership recently commenced work on its Permian Bridge project, which converts existing pipeline assets to connect ET’s natural gas gathering and processing assets in the Delaware Basin with Midland Basin assets.

Strategic

• In May 2021, ET’s acquisition of Enable Midstream Partners, LP (“Enable”), which was announced in February 2021, was approved by a vote of the Enable unitholders. ET and Enable continue to work toward obtaining Hart-Scott-Rodino Act (“HSR”) clearance for the merger. ET continues to expect the transaction to close in the second half of 2021.
• In June 2021, ET’s patented Dual Drive Technologies natural gas compression system was awarded a 2021 GPA Midstream Environmental Excellence Award for its impact on reducing CO2 emissions.
• In July 2021, ET signed a memorandum of understanding with the Republic of Panama to study the feasibility of a proposed Trans-Panama Gateway LPG pipeline and the potential creation of a new strategically located NGL hub.

Financial

• During the second quarter of 2021, the Partnership reduced outstanding debt by approximately $1.5 billion, utilizing cash from operations and proceeds from its recent $900 million Series H preferred unit offering. Year-to-date in 2021, ET has reduced its long-term debt by approximately $5.2 billion.
• In May 2021, two credit rating agencies affirmed ET’s investment grade ratings and revised ET’s outlook from negative to stable.
• As of June 30, 2021, the Partnership’s $6.00 billion revolving credit facilities had an aggregate $5.02 billion of available capacity, and the leverage ratio, as defined by the credit agreement, was 3.14x.
• For the three months ended June 30, 2021, the Partnership invested approximately $355 million on growth capital expenditures.
• In July 2021, ET announced a quarterly distribution of $0.1525 per unit ($0.61 annualized) on ET common units for the quarter ended June 30, 2021.

ET benefits from a portfolio of assets with exceptional product and geographic diversity. The Partnership’s multiple segments generate high-quality, balanced earnings with no single segment contributing more than 30% of the Partnership’s consolidated Adjusted EBITDA for the three months ended June 30, 2021. The vast majority of the Partnership’s segment margins are fee-based and therefore have limited commodity price sensitivity.

Conference Call information:

The Partnership has scheduled a conference call for 3:30 p.m. Central Time, Tuesday, August 3, 2021 to discuss its second quarter 2021 results and provide a partnership update. The conference call will be broadcast live via an internet webcast, which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states, as well as refined product transportation and terminalling assets. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET). For more information, visit the Sunoco LP website at www.sunocolp.com.

USA Compression Partners, LP (NYSE: USAC) is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USAC partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USAC focuses on providing compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. For more information, visit the USAC website at www.usacompression.com.

Forward-Looking Statements

This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership’s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership has also been, and may in the future be, impacted by the winter storm in February 2021 and the resolution of related contingencies, including credit losses, disputed purchases and sales, litigation and/or potential legislative action. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

The information contained in this press release is available on our website at www.energytransfer.com.

There are material limitations to using measures such as Adjusted EBITDA, Distributable Cash Flow and distribution coverage ratio, including the difficulty associated with using any such measure as the sole measure to compare the results of one company to another, and the inability to analyze certain significant items that directly affect a company’s net income or loss or cash flows. In addition, our calculations of Adjusted EBITDA, Distributable Cash Flow and distribution coverage ratio may not be consistent with similarly titled measures of other companies and should be viewed in conjunction with measurements that are computed in accordance with GAAP, such as operating income, net income and cash flow from operating activities.

Definition of Adjusted EBITDA

We define Adjusted EBITDA as total partnership earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, inventory valuation adjustments, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Inventory adjustments that are excluded from the calculation of Adjusted EBITDA represent only the changes in lower of cost or market reserves on inventory that is carried at last-in, first-out (“LIFO”). These amounts are unrealized valuation adjustments applied to Sunoco LP’s fuel volumes remaining in inventory at the end of the period.

Adjusted EBITDA reflects amounts for unconsolidated affiliates based on the same recognition and measurement methods used to record equity in earnings of unconsolidated affiliates. Adjusted EBITDA related to unconsolidated affiliates excludes the same items with respect to the unconsolidated affiliate as those excluded from the calculation of Adjusted EBITDA, such as interest, taxes, depreciation, depletion, amortization and other non-cash items. Although these amounts are excluded from Adjusted EBITDA related to unconsolidated affiliates, such exclusion should not be understood to imply that we have control over the operations and resulting revenues and expenses of such affiliates. We do not control our unconsolidated affiliates; therefore, we do not control the earnings or cash flows of such affiliates. The use of Adjusted EBITDA or Adjusted EBITDA related to unconsolidated affiliates as an analytical tool should be limited accordingly.

Adjusted EBITDA is used by management to determine our operating performance and, along with other financial and volumetric data, as internal measures for setting annual operating budgets, assessing financial performance of our numerous business locations, as a measure for evaluating targeted businesses for acquisition and as a measurement component of incentive compensation.

Definition of Distributable Cash Flow

We define Distributable Cash Flow as net income, adjusted for certain non-cash items, less distributions to preferred unitholders and maintenance capital expenditures. Non-cash items include depreciation, depletion and amortization, non-cash compensation expense, amortization included in interest expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, inventory valuation adjustments, non-cash impairment charges, losses on extinguishments of debt and deferred income taxes. For unconsolidated affiliates, Distributable Cash Flow reflects the Partnership’s proportionate share of the investee’s distributable cash flow.

Distributable Cash Flow is used by management to evaluate our overall performance. Our partnership agreement requires us to distribute all available cash, and Distributable Cash Flow is calculated to evaluate our ability to fund distributions through cash generated by our operations.

On a consolidated basis, Distributable Cash Flow includes 100% of the Distributable Cash Flow of ET’s consolidated subsidiaries. However, to the extent that noncontrolling interests exist among our subsidiaries, the Distributable Cash Flow generated by our subsidiaries may not be available to be distributed to our partners. In order to reflect the cash flows available for distributions to our partners, we have reported Distributable Cash Flow attributable to partners, which is calculated by adjusting Distributable Cash Flow (consolidated), as follows:

• For subsidiaries with publicly traded equity interests, Distributable Cash Flow (consolidated) includes 100% of Distributable Cash Flow attributable to such subsidiary, and Distributable Cash Flow attributable to our partners includes distributions to be received by the parent company with respect to the periods presented.
• For consolidated joint ventures or similar entities, where the noncontrolling interest is not publicly traded, Distributable Cash Flow (consolidated) includes 100% of Distributable Cash Flow attributable to such subsidiaries, but Distributable Cash Flow attributable to partners reflects only the amount of Distributable Cash Flow of such subsidiaries that is attributable to our ownership interest.

For Distributable Cash Flow attributable to partners, as adjusted, certain transaction-related adjustments and non-recurring expenses that are included in net income are excluded.

Definition of Distribution Coverage Ratio

Distribution coverage ratio for a period is calculated as Distributable Cash Flow attributable to partners, as adjusted, divided by distributions expected to be paid to the partners of ET in respect of such period.

In the following analysis of segment operating results, a measure of segment margin is reported for segments with sales revenues. Segment margin is a non-GAAP financial measure and is presented herein to assist in the analysis of segment operating results and particularly to facilitate an understanding of the impacts that changes in sales revenues have on the segment performance measure of Segment Adjusted EBITDA. Segment margin is similar to the GAAP measure of gross margin, except that segment margin excludes charges for depreciation, depletion and amortization. Among the GAAP measures reported by the Partnership, the most directly comparable measure to segment margin is Segment Adjusted EBITDA; a reconciliation of segment margin to Segment Adjusted EBITDA is included in the following tables for each segment where segment margin is presented.

In addition, for certain segments, the sections below include information on the components of segment margin by sales type, which components are included in order to provide additional disaggregated information to facilitate the analysis of segment margin and Segment Adjusted EBITDA. For example, these components include transportation margin, storage margin and other margin. These components of segment margin are calculated consistent with the calculation of segment margin; therefore, these components also exclude charges for depreciation, depletion and amortization.

Intrastate Transportation and Storage

Transported volumes increased primarily due to volume ramp-ups in the Permian.

Segment Adjusted EBITDA. For the three months ended June 30, 2021 compared to the same period last year, Segment Adjusted EBITDA related to our intrastate transportation segment increased due to the net effects of the following:

• an increase of $52 million in transportation

Energy Transfer
Investor Relations:
Bill Baerg, Brent Ratliff, Lyndsay Hannah, 214-981-0795
or
Media Relations:
Vicki Granado, 214-840-5820

• Flexjet to be launch customer for SAF initiative at Monterey Airport
• Marks 4AIR’s first facilitation of climate-friendly sustainable aviation fuel
• During Monterey Car Week, 4AIR and Del Monte Aviation will offer SAF to outbound flights at no additional cost above jet fuel
• 4AIR will also offset the carbon emissions of all inbound and outbound private flights regardless of operator during Monterey Car Week

BOSTON--(BUSINESS WIRE)--4AIR, the first and only rating system focused on comprehensive sustainability in private aviation, today announced that it is facilitating a sustainable aviation fuel (SAF) offering at Monterey Regional Airport (ICAO: KMRY) with fixed base operator (FBO) Del Monte Aviation and the Monterey Fuel Company LLC. SAF generates a net reduction in aircraft emissions that contribute to climate change. Flexjet, a global leader in private jet travel, is the launch customer, and will uplift only SAF for its aircraft taking on fuel at Monterey.

“Sustainable aviation fuel is a highly effective strategy for reducing aircraft emissions that contribute to climate change,” said Kennedy Ricci, 4AIR’s president. “The use of sustainable aviation fuel goes beyond offsetting emissions to bring in-sector reductions in the near term, which ultimately is the next phase for aviation sustainability. We congratulate Flexjet, as Monterey’s launch customer for SAF, for joining us in taking this significant step forward.”

Sustainable aviation fuel is a “drop-in” fuel that meets all the same technical and safety requirements as standard jet fuel. Although SAF contains the same hydrocarbons as traditional petroleum-based jet fuel, the hydrocarbons come from more sustainable sources, such as:

• used or waste cooking oils,
• tallow (waste animal fats),
• waste woody biomass and
• municipal solid waste (MSW).

This results in a net reduction of emissions when compared to petroleum-based jet fuel on a life cycle basis. To claim the reductions from the use of the fuel, appropriate documentation must be kept to prove chain of custody and track accurate emission reduction calculations.

Del Monte Aviation at the Monterey Regional Airport offers as a fuel option Avfuel’s Neste MY Sustainable Aviation Fuel^TM to aircraft owners and operators fueling at Monterey Regional Airport. Now, 4AIR will facilitate user documentation for aircraft uplifting SAF at Monterey, beginning with Flexjet. Since June 7, 2021, Flexjet has uplifted only SAF in Monterey. 4AIR will provide all documentation and sustainability accounting to prove transfer of ownership and accurate emissions reductions calculations.

“As the aviation industry focuses on ways to reduce its impact on the environment, SAF will play a key role. More and more operators are committing to decrease the CO2 footprint of their flight operations through the use of SAF.” said Del Monte Aviation General Manager Matthew Wright. “Our collaboration with Avfuel and Neste on the supply side and 4AIR and Flexjet on the user side is truly game changing in providing access to SAF.”

The 4AIR rating framework promotes SAF as one of its highest-valued emissions strategies and offers benchmarks that are aligned with industrywide carbon reduction goals and consistent with international standards. The framework offers various levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability.

Participants in 4AIR’s rating system that commit to using SAF can be rated at 4AIR Level 3 (Gold) –Beyond Neutral, which enables them to go beyond emissions neutrality to actually reducing emissions by at least 5 percent through solutions such as using SAF or purchasing SAF credits through 4AIR.

Emissions of All Flights to and from Monterey Car Week to Be Offset by 4AIR and Del Monte Aviation

Monterey Car Week, which is held annually along Monterey County, California’s beautiful Pacific coast, features automotive events, including exhibitions, auctions and rallies that conclude at the world-renowned Pebble Beach Concours d’Elegance. The events draw an audience that include many attendees who arrive via private aircraft.

To reduce the emissions associated with Monterey Car Week’s air traffic, 4AIR and Del Monte Aviation have committed to providing outbound private aircraft flights at Monterey Regional Airport the option to fuel with SAF. Del Monte Aviation has secured over 24,000 additional gallons of 30%-blended SAF for aircraft being serviced through the airport for Monterey Car Week private jet traffic. 4AIR will cover the premium cost of SAF over the cost of traditional jet fuel for operators uplifting during the event and while supplies last. 4AIR will manage all of the SAF accounting and documentation for the offering. In addition, all inbound and outbound flights to Del Monte Aviation will be offset to 4AIR Level 1, meaning all air travel to and from Del Monte Aviation for Monterey Car Week will be carbon-neutral.

About 4AIR

4AIR is an industry pioneer offering sustainability solutions beyond just simple carbon neutrality. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for private aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction.

The 4AIR framework offers four levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies.

All carbon credits through 4AIR are quantified and verified through the most respected and international leading bodies that issue and register credits, including the American Carbon Registry, Climate Action Reserve, Verified Carbon Standard (VERRA) and The Gold Standard. Additionally, end-of-year commitment audits are independently verified by third parties. 4AIR also serves the demand signal working groups with the World Economic Forum’s Clean Skies for Tomorrow Coalition.

For more information, visit us at www.4air.aero.

Media Contact:
Sarah Churbuck
The Hubbell Group, Inc.
Mobile: (561) 289-6362
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HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today announced that it intends to offer for sale shares of its common stock in an underwritten public offering. The Company also expects to grant the underwriter of the offering a 30-day option to purchase additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes, including the potential acquisition of upstream assets.

B. Riley Securities, Inc. is acting as the sole bookrunner for the offering.

The offering is being made pursuant to an effective shelf registration statement of the Company previously filed with the Securities and Exchange Commission (the “SEC”). The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement for the offering and the accompanying prospectus may be obtained by sending a request to B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia 22209; Telephone: (703) 312-9580, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Tellurian Inc.

Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL.”

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

Statements in this press release related to the Company’s public offering of common stock and all other statements other than statements of historical fact are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. Tellurian urges you to carefully review and consider the cautionary statements made in this press release, the registration statement, the “Risk Factors” section of the preliminary prospectus supplement for the offering and of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition and results of operations. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date made. Tellurian undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this press release or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.

Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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San Antonio oil & gas development firm celebrates a momentous milestone while setting its sights on the future of energy development in the 21st century.

SAN ANTONIO--(BUSINESS WIRE)--San Antonio, Texas’ most innovative oil and gas company, Millennium PetroCapital Corporation, celebrated 15 years in business last week. The company capped off this landmark milestone with an elegant company dinner hosted by founder and CEO Richard Monroy.

After four years working in the energy industry, Richard founded his company in July of 2006 around the idea of providing the ultimate client experience. Millennium quickly set out to form itself into a vertically integrated enterprise with the systemic ability to develop profit centers in Texas’ energy sector. Recently, Millennium has found much success in the Austin Chalk by implementing disruptive technologies, sophisticated exploration strategies, strategic investments, and aggressive development plans. As one of Gonzales County, Texas’ most significant oil producers, the company plans to take the top spot within the next two years.

From its original 100 square-foot office, Millennium has blossomed into an ever-evolving institution with over 25 employees occupying over 6,200 square feet of state-of-the-art facilities. These resources now work in symphony to generate and manage several multi-million-dollar projects yearly for clients nationwide.

Of the company’s recent success, Richard commented, “It’s an honor to see the company I founded celebrate its fifteenth anniversary. An organization that grew from an idea to a sophisticated enterprise with a rockstar team of professionals I’m privileged to be a part of.”

About Millennium PetroCapital Corporation:

Millennium PetroCapital Corporation, headquartered in San Antonio, Texas, is part of a privately held family of oil and gas exploration and production companies founded in 2006. Our purpose is Personal and Professional Evolution, and we strive daily to achieve it. Our Core Values of Imagination, Boldness, Tenacity, and Reputation merge with our purpose to create financial results for ourselves and our partners. We gain these results by strategically identifying profit centers in Texas' prolific energy landscape and harnessing the power of private investment to establish those profit centers.

Ivan Cisneros
Vice President of Marketing
210.960.1000
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the second quarter of 2021.

Second Quarter 2021 and Recent Highlights

• Total revenue for the quarter increased 34% to $217 million compared to $161 million for the first quarter of 2021.
• Net loss for the quarter was $9 million, or $0.08 per diluted share, compared to net loss of $20 million, or $0.20 per diluted share, for the first quarter of 2021.
• Adjusted EBITDA⁽¹⁾ for the quarter increased 78% to $36 million compared to $20 million for the first quarter of 2021.
• Effective utilization for the second quarter was 13.1 fleets compared to 10.3 fleets for the first quarter of 2021.
• Net cash provided by operating activities for the quarter of $44 million as compared to $17 million for the first quarter of 2021.
• Positive Free Cash Flow⁽²⁾ of approximately $16 million as compared to negative Free Cash Flow of approximately $5 million for the first quarter of 2021.

⁽¹⁾ Adjusted EBITDA is a Non-GAAP financial measure and is described and reconciled to net income (loss) in the table under “Non-GAAP Financial Measures.”

⁽²⁾ Free cash flow ("FCF") is a Non-GAAP financial measure and is defined as net cash flow provided from operating activities less net cash used in investing activities. During the quarter ended June 30, 2021, net cash provided by operating activities of approximately $44 million less net cash used in investing activities of approximately $29 million resulted in free cash flow of approximately $16 million. During the quarter ended March 31, 2021, net cash provided by operating activities of $17 million less net cash used in investing activities of $22 million resulted in free cash flow of $(5) million.

Phillip Gobe, Chairman and Chief Executive Officer, commented, “Improving oil prices and expectations of market equilibrium are unfolding as the global economy begins to recover from 2020. As the recovery in North American oilfield services improved, the ProPetro team continued to deliver solid operational performance at the wellhead. We are squarely focused on meeting customer needs in a safe and efficient manner amid a dynamic operating environment. The first half of 2021 clearly demonstrated the value of our dedicated business model focused in the most prolific oil play in the lower 48, the Permian Basin."

"Additionally, the transition of our fleet to more ESG-friendly alternatives continues as we deploy more Tier IV DGB dual-fuel units and continue field trials of our DuraStim electric pump assets. Our innovative Modified Acid^TM product introduced earlier this year is also contributing to improved completion efficiencies and water savings for our customers. The ability to deliver more ESG-friendly alternatives to our customers is a value-added opportunity which benefits all stakeholders. We remain committed to providing solutions to our customers while remaining highly efficient in wellsite performance."

"We are also making investments within our business to mitigate global supply chain risks as the restart unfolds while working to recover 'pandemic pricing discounts' to enable further reinvestment in our asset base," said David Schorlemer, Chief Financial Officer. "Improved pricing is required to mitigate inflationary pressures and return to sustainable profitability. We have been successful in moving some pricing higher and are continuing collaboration with customers to ensure cost recovery, improved profitability and our ability to remain capital disciplined while appropriately reinvesting in our fleet."

Second Quarter 2021 Financial Summary

Revenue for the second quarter of 2021 was $217 million compared to revenue of $161 million for first quarter of 2021. The 34% increase was primarily attributable to our increased effectively utilized fleet count, and a normalized operating environment from first quarter weather disruptions.

Cost of services, excluding depreciation and amortization of approximately $33 million, for the second quarter of 2021 increased to $163 million from $123 million during the first quarter of 2021. Contributing to the increase were higher activity levels and other increased operational costs.

General and administrative expense of $18 million for the second quarter of 2021 decreased slightly from $20 million in the first quarter of 2021. General and administrative expense, exclusive of a net benefit of $0.8 million relating to non-recurring items (insurance recovery legal settlement of $3.7 million offset by stock-based compensation of $2.9 million), was $18 million, or 8% of revenue, for the second quarter of 2021 consistent with the first quarter of 2021.

Net loss for the second quarter of 2021 totaled $9 million, or $0.08 per diluted share, compared to net loss of $20 million, or $0.20 per diluted share, for the first quarter of 2021.

Adjusted EBITDA increased to $36 million for the second quarter of 2021 from $20 million for the first quarter of 2021. The sequential improvement in Adjusted EBITDA was primarily attributable to normalized profitability from the extreme winter weather events experienced in February 2021 and a full quarter of contributions from fleets reactivated during the first quarter of this year.

Liquidity and Capital Spending

As of June 30, 2021, total cash was $73 million and the Company remained debt free. Total liquidity at the end of the second quarter of 2021 was $141 million including cash and $68 million of available capacity under the Company’s revolving credit facility. As of July 28, 2021 total cash was $71 million and the Company had no debt outstanding. Total liquidity as of July 28, 2021 was $140 million including cash and $69 million of available capacity under the Company’s revolving credit facility.

Capital expenditures incurred during the second quarter of 2021 were $31 million, the majority of which was maintenance spending. Capital expenditures paid (as appears in the Investing Activities section of the Statement of Cash Flows) in the second quarter were $29 million. Based on our current and projected activity levels for 2021, and consistent with prior guidance, which is dependent on market conditions, the Company expects full year 2021 incurred capital expenditures to be between $115 million and $130 million. Our full year incurred capital expenditure guidance includes approximately $37 million allocated to our investment in 90,000 HHP of Tier IV DGB dual-fuel equipment and the remainder mostly comprised of maintenance spending. Full year capital expenditures paid may differ slightly due to the timing of payments.

Outlook

Mr. Gobe concluded, “Our commitment to our employees, customers and stakeholders will continue to bolster the value proposition for our Company. We believe the pressure pumping industry is faced with an impending reinvestment cycle that will require innovative solutions to meet the needs of the market. We believe ProPetro's focused business model, commitment to innovation, capital discipline and conservative capital structure will result in a sustainable company going forward that is well positioned for the future.”

Conference Call Information

The Company will host a conference call at 8:00 AM Central Time on Wednesday, August 4, 2021 to discuss financial and operating results for the second quarter of 2021. The call will also be webcast on ProPetro’s website at www.propetroservices.com. To access the conference call, U.S. callers may dial toll free 1-877-879-1183 and international callers may dial 1-412-902-6703. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. A replay of the conference call will be available for one week following the call and can be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 10158134.

About ProPetro

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information visit www.propetroservices.com.

Forward-Looking Statements

Except for historical information contained herein, the statements and information in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words “may,” “could,” “plan,” “project,” “budget,” “predict,” “pursue,” “target,” “seek,” “objective,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” and other expressions that are predictions of, or indicate, future events and trends and that do not relate to historical matters identify forward‑looking statements. Our forward‑looking statements include, among other matters, statements about our business strategy, industry, future profitability, expected fleet utilization, sustainability efforts, the future performance of newly improved technology (such as our DuraStim® fleets), expected capital expenditures and the impact of such expenditures on our performance and capital programs. A forward‑looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable.

Although forward‑looking statements reflect our good faith beliefs at the time they are made, forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from the forward-looking statements. Such risks and uncertainties include the volatility of oil prices, the operational disruption and market volatility resulting from the COVID-19 pandemic and other factors described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, particularly the “Risk Factors” sections of such filings, and other filings with the Securities and Exchange Commission (the “SEC”). In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it, including matters related to shareholder litigation and the SEC investigation. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements and are urged to carefully review and consider the various disclosures made in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings made with the SEC from time to time that disclose risks and uncertainties that may affect the Company’s business. The forward-looking statements in this news release are made as of the date of this news release. ProPetro does not undertake, and expressly disclaims, any duty to publicly update these statements, whether as a result of new information, new developments or otherwise, except to the extent that disclosure is required by law.

Non-GAAP Financial Measures

Adjusted EBITDA is not a financial measure presented in accordance with GAAP. We believe that the presentation of this non-GAAP financial measure provides useful information to investors in assessing our financial condition and results of operations. Net income (loss) is the GAAP measure most directly comparable to Adjusted EBITDA. Non-GAAP financial measures should not be considered as alternatives to the most directly comparable GAAP financial measure. Non-GAAP financial measures have important limitations as analytical tools because they exclude some, but not all, items that affect the most directly comparable GAAP financial measures. You should not consider Adjusted EBITDA in isolation or as a substitute for an analysis of our results as reported under GAAP. Because Adjusted EBITDA may be defined differently by other companies in our industry, our definitions of this non-GAAP financial measure may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

Investor Contacts:

David Schorlemer
Chief Financial Officer
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432-227-0864

Josh Jones
Director of Finance
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432-276-3389

LONDON & TOKYO--(BUSINESS WIRE)--#BusinessExpansion--Chiyoda Corporation (Chiyoda) and GridBeyond are pleased to announce that they have signed a Memorandum of Understanding (MoU) to collaborate in providing flexibility solutions for the Japanese electricity markets.

The announcement formalizes the first step towards the creation of a robust working relationship between Chiyoda and GridBeyond. Both companies intend to forge a long-term alliance that will combine the expertise of Chiyoda in the Japanese engineering services sector with GridBeyond’s technological acumen and experience in delivering energy services to some of the most advanced and liberalized electricity markets in the world.

Chiyoda and GridBeyond companies will work together on advancing energy transition in Japan. This will be achieved by providing technical knowledge and infrastructure resources that allow their industrial and commercial (I&C) customer base, as well as generators, battery developers and other market stakeholders to participate in several electricity grid services, including Demand Side Response (DSR). DSR is a grid balancing service that provides lucrative revenues for large energy users in exchange for them being flexible with their energy consumption, onsite generation and energy storage. The two companies will create new revenue opportunities for I&C businesses by accessing these innovative and cost-effective programs through GridBeyond’s award-winning energy technology platform ‘Point’, a scalable and complex AI powered solution adaptable to each country’s grid requirements. Chiyoda will provide DSR services by integrating GridBeyond’s platform with Chiyoda’s engineering expertise for production facilities considering the requirements of the Japanese market.

Chiyoda is a world-leading energy service company and a fully integrated engineering, procurement and construction (EPC) contractor in refineries, petrochemicals and chemical field. These power intensive industries have a high degree of electricity flexibility and GridBeyond is an experienced service provider in these sectors within its existing markets.

DSR assists grid operators to balance demand and supply on electricity network and enables greater integration of intermittent renewable generation sources into the energy mix. In Japan, DSR balancing services are currently in the early stages of development, with very attractive further advancements expected in the coming years, facilitating a compelling long term business case.

Chiyoda and GridBeyond’s partnership is backed by a solid structure involving an electricity retail company, guaranteeing an effective channel with grid operators and other market stakeholders to ensure the successful launch and delivery of DSR services.

Besides access to grid balancing services, GridBeyond’s AI-powered platform ‘Point’ supports businesses to increase efficiency by providing insights into the energy performance of each asset and optimizing the price of consumed or generated energy through robotic trading in wholesale markets.

Chiyoda will apply the innovative technology to develop a recurring business, ‘Energy as a Service’, optimizing customer plant operations and electricity procurement and delivering energy saving solutions to customer.

Michael Phelan, CEO and Co-founder of GridBeyond, commented:

“Today’s announcement marks a significant step forward in the global growth of GridBeyond, and we are delighted to have entered into the first stage of a mutually beneficial partnership with Chiyoda Corporation.

Our collaboration is very well structured and already involves other stakeholders required to guarantee a smooth and successful introduction and implementation of our services for businesses in the Japanese market.

Japan is one of the biggest liberalized markets in the world with a strong focus on sustainable development and a transition toward a digitalized, decentralized and decarbonized energy model. DSR is a key pillar of the energy transition that Japan has already started to experience, and which is expected to become increasingly important in the coming years with the exponential growth of renewable energy, decentralized solar PV, energy storage, and EV mobility.

GridBeyond’s experience in supporting the transition in some of the world’s most advanced energy markets spans more than a decade and includes countries such as Ireland, the UK, and the USA. We are perfectly positioned to ensure I&C businesses, battery developers, and investors in storage, generation and EV charging assets in the Japanese market are able to take full advantage of market opportunities while simultaneously supporting decarbonization of the wider economy.”

Notes for Editors

Chiyoda Corporation is a world-leading, fully integrated engineering company and EPC contractor. Since its founding in 1948, Chiyoda has provided EPC and operation and maintenance (O&M) services in a wide range of business fields including Oil & Gas, Chemicals, and Petrochemicals in over 60 countries around the world.

GridBeyond is a global leader in intelligent energy technology for industrial, commercial, institutional and utility partners with operations in the UK, the USA and Ireland. Energy users are able to manage and control demand response participation, energy performance, markets and costs via the multi-award-winning AI platform ‘Point’.

By stacking market opportunities and programs, GridBeyond delivers demand response revenues, enhanced savings, strengthened operations, and sustainability to over 400 I&C sites worldwide, including some of the planet’s best-loved brands. Furthermore, networks and utilities are able to optimize electricity supply and provide value-added opportunities to their customers. By connecting grid operators, operational load, distributed generation, storage, EV charging and utilities to integrated energy services, GridBeyond’s vision is to build a shared energy economy that delivers sustainability, resilience, affordability and adaptability through collaboration and innovation.

For further information, please contact:

GridBeyond
Global Press Office
+44 7804730482
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Chiyoda Corporation
IR, PR & CSR Section
URL: https://www.chiyodacorp.com/en/contact/index.php

Integrating Cloud-based Geoscientific Imagery Platform with Geology Data Management and Modeling Tools, Helping Solve Earth, Environment, and Energy Challenges

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery. The acquisition will expand Seequent’s technology solutions portfolio while boosting cloud capabilities to help geoscientists and engineers solve earth, environment, and energy challenges.

Imago’s cloud-based platform enables the capture, cataloguing, and review of drilling core and chip images from any source, to support every aspect of the geological process from exploration to grade control. Continued development of Imago’s machine learning will lead to a step function in the interpretation of geological data.

Mining companies around the world apply Imago’s solution in conjunction with geology data management and modeling tools to enable teams to make more confident, profitable decisions using instantly available, high-quality images. Seequent already integrates its Leapfrog, Oasis montaj, Target, and Minalytix MX Deposit with Imago’s solution, making it easy for geologists, engineers, and other stakeholders to extract knowledge and learn from geoscientific imagery. The goal is to unlock significant potential for mining and other industries, transforming image data into meaningful insights for geological activities.

Graham Grant, chief executive officer of Seequent, said, “It’s an exciting step to welcome the Imago team on board to help advance Seequent’s progression into the cloud. We’re continually exploring ways to provide new technologies and solutions to solve workflow challenges, improve operational efficiency, and deliver greater value for our users who are working to solve some of the world’s major civil, environmental, and energy challenges. This acquisition demonstrates Seequent’s continued growth and our commitment to make a positive contribution to the industries we serve globally.”

Imago’s co-founder Federico Arboleda said, “As a small team in Phoenix and Perth, we’re excited to join forces with Seequent, as this will now allow us to substantially scale Imago’s solutions in mining and other markets. We founded Imago to help mining companies manage the high volume and size of geological images and unlock the great value in this geoscience imagery. Image data is an increasingly important source of data across the geosciences—and can come from potentially any source, including core photos, hyperspectral, aerial photos, drones, and handheld devices. It will become even more important to transform image data into knowledge as automation needs increase.”

For more information, please visit https://www.imago.live/.

Image 1

Caption: Imago establishes a consistent process for capturing high-quality images, which integrate with existing workflows and allow the application of machine learning. Imago instantly displays machine learning insights together with images during interpretation and modeling. Imago’s on-screen masking and classification tools export data to train models. The Imago Cloud library of geology images provides rich information that supports user interpretation and modeling work.

Image 2

Caption: Core boxes displayed in Imago’s platform (right) and in Leapfrog Geo (left). The geologist clicks the drill hole trace to display the corresponding core photos in Imago, as a drill hole, at the correct path. The geologist is able to continuously validate the logs and assays using the original images of the rock material.

Image 3

Caption: Imago assists companies to deploy processes that improve core image capture.

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About Seequent

Seequent, a Bentley company, is a world leader in the development of powerful geoscience analysis, modeling, and collaborative technologies for understanding geoscience and engineering design solutions. Our solutions enable people to analyze complex data, manage risk, and ultimately make better decisions about earth, environment, and energy challenges.

Seequent software is used on large-scale projects globally, including road and rail tunnel construction, groundwater detection and management, geothermal exploration, subsea infrastructure mapping, resource evaluation, and subterranean storage of spent nuclear fuel.

Seequent’s global footprint includes its Christchurch-based HQ and R&D centers in Christchurch and Canada with a network of offices across Asia/Pacific, Africa, South America, North America, and Europe, servicing organizations with leading subsurface solutions in over 100 countries. For more information, please visit www.seequent.com or follow Seequent on LinkedIn or Twitter.

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.
www.bentley.com

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, Imago Inc, iTwin, Leapfrog, MicroStation, Oasis montaj, ProjectWise, Seequent, the Seequent logo, and Target are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

Christine Byrne
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DUBLIN--(BUSINESS WIRE)--The "Pipeline Maintenance Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global pipeline maintenance service market is expected to grow at a CAGR of approximately 2.8% during the forecast period.

Companies Mentioned

• ExxonMobil Corporation
• BP PLC
• China National Petroleum Corporation
• Kinder Morgan Inc.
• Chevron Corporation
• Royal Dutch Shell PLC
• Baker Hughes A GE Co
• EnerMech Ltd
• STATS Group
• Dacon Inspection Services Co. Ltd
• Intertek Group PLC
• IKM Gruppen AS
• Oil States Industries Inc.
• T. D. Williamson Inc.

Key Market Trends

Pipeline Repair & Maintenance Segment to Have a Significant Share in the Market

• The low carbon steel is the most widely used material for oil and gas pipelines, worldwide, owing to its properties, such as toughness, ductility, weldability, ability to withstand temperature changes, and cost-effectiveness, as compared to stainless steel. But it is susceptible to corrosion in presence of air, soil, and water, which is a significant disadvantage.
• The corrosion repair systems are designed to strengthen the pipe affected by corrosion and contain the transported fluid in the event failure. The corrosion repair systems include full circumferential welded sleeves, welded patches, composite reinforcements, and pipe section replacements.
• One of the major drivers for corrosion repair services is the growing share of heavy crude. The reserves for conventional oil are declining, while the demand for oil and gas is expected to register a modest growth. Therefore, in order to meet the growing demand, the production of unconventional and heavy oil is increasing. The transportation of the heavy oil is harmful to the pipeline carrying the oil. Therefore, the heavy oil pipelines witness more frequent corrosion-related problems. Thus, the growing share of heavy crude is expected to drive the demand for corrosion repair services, during the forecast period.
• Hence, with high demand for services from Canada and the United States, North America is expected to dominate the corrosion repair services market during the forecast period. On the other hand, in the Asia-Pacific and European region, where the pipelines are relatively new, the demand for corrosion repair services is expected to be limited.

North America to Dominate the Market

• North America is expected to have the largest market for pipeline maintenance services during the forecast period, primarily owing to huge installed pipeline capacity and government regulations.
• The United states has the largest network of pipelines in the world. Approximately one third of the total pipeline market in the country is used to transport crude oil, delivering millions of gallons of oil equivalent/day to various refineries and export terminals.
• As of 2018, there are more than 210 natural gas pipeline systems, with a vast network of natural gas pipeline network, being used to transport natural gas across the country and to other countries.
• Moreover, over the past five years, the geographic focus of oil production shifted from the United States to Canada.
• The oil pipeline transportation industry grew mainly due to the steady oil production. Directional drilling, hydraulic fracturing, and other advanced drilling techniques have increased the number of profitable oil reserves.
• Further, Canada's pipeline system is highly interconnected with the United States' pipeline system. This relationship has served both countries well in terms of the pipeline networks and is expected to continue to do so in the future with many expansions and new pipeline projects planned.
• Hence, this is expected to create new opportunities for additional pipeline capacity during the forecast period, thereby, boosting the pipeline maintenance services market in the region.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2026

4.3 Installed Pipeline Historic Capacity and Forecast in Kilometers, Until 2026

4.4 Recent Trends and Developments

4.5 Government Policies and Regulations

4.6 Market Dynamics

4.6.1 Drivers

4.6.2 Restraints

4.7 Supply Chain Analysis

4.8 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Service Type

5.1.1 Pigging

5.1.2 Flushing & Chemical Cleaning

5.1.3 Pipeline Repair & Maintenance

5.1.4 Drying

5.1.5 Others

5.2 Location of Deployment

5.2.1 Onshore

5.2.2 Offshore

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/52q6xj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) today announced that Belgacem Chariag was appointed to the Company’s Board of Directors.

Chariag is currently the Chairman, President and Chief Executive Officer of PQ Group Holdings, a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. He served in multiple positions with Baker Hughes in his 9-year tenure where he rose to Chief Global Operations Officer. Prior to that role he served as President, Eastern Hemisphere; President, Global Products and Services; Chief Integration Officer; and President Global Operations. He also held various senior level positions during his 20-years with Schlumberger.

Chairman of the Board, Hans Helmerich stated, “We are pleased to have Belgacem join our Board of Directors. His broad and deep experience in oil field services worldwide, along with his understanding of changing and complex energy markets, will bring a valuable perspective.”

With Chariag’s appointment, Helmerich & Payne’s Board has expanded to include 12 members.

About Helmerich & Payne, Inc.

Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.

Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.

IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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PHOENIX--(BUSINESS WIRE)--#climateaction--Climate change is one of the largest challenges facing the world today and driving fossil fuel prices up. Finding immediate solutions is a global must. Suntria is proud to be part of the solution through providing residential solar and battery systems. Suntria’s mission is to empower homeowners to gain energy independence through its innovative energy systems.

Protecting your home – your largest investment is a must. With record setting temperatures this summer, the strain on the power grid is greater than ever. Even the Nevada Energy commission asked residents to conserve energy and lower their consumption. You can prevent this from happening to you by becoming energy independent with solar energy. Suntria is focused on giving homeowners peace of mind through empowering families to take control of their energy future.

Las Vegas has an average of 310 days of sunshine annually. This makes it the ideal place to maximize energy production through solar while protecting your home, or second home. Suntria offers a turnkey experience to the homeowner from the on-set of the process. From its complimentary in-home estimate to the final step of the installation of your solar system, your project manager otherwise known as your “Suntria Prodigy” is there for the homeowner every step of the process. Suntria’s Made-In-The-USA solar panels are installed by its own team of fully licensed electrical technicians – no third-party installers.

All products offered by Suntria are the latest in technology, from its cutting edge-batteries that provide power even during an outage, to microinverters that convert the power of the sun into energy, to its proprietary software. Finally, all your energy usage and system status can be fully monitored from the palm of your hand, anywhere, with Suntria’s solar monitoring mobile app. Suntria constantly strives to innovate and provide its homeowners the latest technology in their energy independence transition.

With Suntria, you can have peace of mind knowing your energy independence is protected with a 25-year manufacturer warranty that covers parts. Also offered is Suntria’s 30-year insurance plan that is the industry leader. This means Suntria builds a 30-year relationship with its homeowners. This is why so many people trust Suntria as they know their investment is protected. Suntria has also earned the highest credentials that the industry has to offer, including NABCEP and SEIA certifications.

“Homeowners should not have to worry that the energy they want, and need will not be there. Going solar is the practical and safest way to assure you and your family’s safety,” states Deborah Casper, Chief Financial Officer of Suntria. In addition to this assurance, it is cost effective and the customer has the benefit of watching the value of your home go up and your utility bill go down and the tax credits offered will save you even more money.”

To get started on your own energy independence program, reach out to Suntria today at 1-877-SUN-NOW-1 or schedule your appointment at suntria.com

About Suntria

Founded over 17 years ago, Suntria is a high-tech company revolutionizing the home energy market. Suntria believes in empowering people through innovative energy systems with trust, quality, transparency, and complete homeowner satisfaction. Proudly having installed and maintained over 17,000 solar systems, Suntria is building an experience that is paving the way for environmentally and financially conscious homeowners to rethink about the benefits of solar power.

For additional information go to suntria.com or call 1-877-SUN-NOW-1 to schedule your free estimate.

Barbara Carrera Holland
CH Media
(602) 810.1924
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NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial (“Sunlight”) (NYSE: SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its second quarter 2021 financial results after the market closes on Monday, August 16, 2021.

Sunlight will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight’s investor relations website at ir.sunlightfinancial.com.

The dial-in number for the conference call is (855) 327-6838 (toll-free) or (604) 235-2082 (international). Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at ir.sunlightfinancial.com for 90 days following the call. A replay will also be available until August 23, 2021 by dialing (844) 512-2921 or (412) 317-6671, using passcode 10016019.

About Sunlight Financial

Sunlight Financial (NYSE: SUNL) is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight’s best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com.

Forward-Looking Statements

The information included herein and in any oral statements made in connection herewith may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements may generally be identified by the use of words such as “could,” “should,” “would,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “continue,” or the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Sunlight disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Sunlight cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Sunlight. Such risks and uncertainties include, among others: risks relating to the uncertainty of the projected operating and financial information with respect to Sunlight; risks related to Sunlight’s business and the timing of expected business milestones or results; the effects of competition and regulatory risks, and the impacts of changes in legislation or regulations on Sunlight’s future business; the expiration, renewal, modification or replacement of the federal solar investment tax credit, rebates and other incentives; the effects of the COVID-19 pandemic on Sunlight’s business or future results; Sunlight’s ability to sustain profitability and to attract and retain its relationships with third parties, including Sunlight’s capital providers and solar contractors; changes in the retail prices of traditional utility generated electricity; the availability of solar panels, batteries and other components and raw materials; and such other risks and uncertainties discussed in the “Risk Factors” section of Sunlight’s Registration Statement on Form S-1 as filed with the Securities and Exchange Commission (“SEC”) on July 30, 2021, and other documents of Sunlight filed, or to be filed, with the SEC. Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Sunlight’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Investor Relations
Lucia Dempsey, Sunlight Financial
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888.315.0822

Public Relations
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Kombyne™ is an HPC workflow solution for CFD used to eliminate the need for large files and post-processing.

RUTHERFORD, N.J.--(BUSINESS WIRE)--Intelligent Light announced today the creation of Kombyne™ an innovative new SaaS High Performance Computing (HPC) workflow tool, initially developed for customers in the defense, automotive, aerospace industries and academic research. It allows users to subscribe to a range of workflow solutions for HPC CFD jobs, from on-the-fly extract generation and rendering to simulation steering. Interactive monitoring and control is also available, all with minimal simulation disruption and no reliance on VTK. The need for large files is eliminated via extract workflows and real-time visualization.

“Over the past decade, the convergence of accessible HPC and high-fidelity simulation has created a bottleneck in analysis workflows: writing, managing and reading very large files. Intelligent Light has provided in situ solutions via VisIt/Libsim used to access information directly from the memory of the running solver code,” said Steve M. Legensky, President and CTO of Intelligent Light. Steve continued, “Based on our experience and customer input, we built Kombyne™ from the ground up to simplify the integration into solver codes and minimize the runtime impact on memory and performance via true ‘in transit’ operation.”

An in transit workflow uses a separate process, called an Endpoint that quickly receives data from the solver and performs visualization and analysis without interfering with the running solver. The Endpoint can directly output extracts such as cutting planes, obtain point samples for data science, render images, and it can act as a bridge to popular visualization codes such as FieldView, VisIt and ParaView, enabling interactive visualization without stopping the solver code. Kombyne™ is the first commercially supported product that provides full in situ and in transit post-processing, rendering and data science sampling.

Intelligent Light’s Vice President of Research and Development, Dr. Earl P.N. Duque, has been supporting a data science project, using modal and frequency analysis to characterize transonic ‘cylinder in crossflow’ physics, using NASA’s OVERFLOW2 solver, instrumented with Kombyne™ on the Department of Energy Cori supercomputer. According to Dr. Duque, “This study required data at high frequency, essentially every solver time step. Using the standard I/O pipelines in OVERFLOW2 would have required excessive wall clock time. Kombyne™ was able to efficiently write the solution extracts to disk in various data formats that could be used by data analysis tools (Matlab) and visualization tools (VisIt, FieldView, ParaView).”

Installation is extremely easy for Kombyne™ using prebuilt modules for OVERFLOW2, Hydra, PyFR, OpenFOAM, and more coming every day. For other CFD solvers, a small adapter library is used to link Kombyne™ into the solver. Kombyne™ provides native APIs in FORTRAN, C/C++ and Python and is scalable via MPI. In batch operation, a simple parameter datafile sets up the functions to be performed during simulation.

Kombyne™ comes in two flavors: Kombyne™ and Kombyne™ Lite and is supplied via an ‘enterprise open source’ site subscription, with no limit in the number of runtime instances. Kombyne™ Lite is available at no-cost for non-commercial use, with pricing for commercial use based on site size. Availability: Q4-2021. For more information, see kombyne.net and contact Raymond Boyd, This email address is being protected from spambots. You need JavaScript enabled to view it., (203) 215-6396 mobile.

About Intelligent Light™ - Founded in 1984, Intelligent Light™ developed FieldView which became one of the world’s leading software tools for visualization and post-processing of CFD. In October 2019, Intelligent Light™ spun-off FieldView into an entity focused on the packaged software business (FieldView CFD, Inc.) which now allows Intelligent Light™ to focus on subscription-based HPC and digital twin products. The company also participates in contracted R&D efforts. Development of VisIt Prime™ and Kombyne™ was supported by the US Department of Energy via grants DE-SC0007548 and DE-SC0018633, respectively.

Kombyne™ and Intelligent Light™ are trademarks of JMSI inc.

Raymond Boyd, Intelligent Light
Vice President Sales and Marketing
Mobile: 203-215-6396
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Tuesday, August 10, 2021, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending June 30, 2021.

Investors and interested parties may listen to the earnings conference call via telephone by calling +1.888.771.4371 if calling from the U.S. or Canada (+1.847.585.4405 if calling from outside the U.S.) and asking for the “Tidewater” call just prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater’s website at investor.tdw.com.

A replay of the conference call will be available beginning at 10:30 a.m. Central Time on August 10, 2021, and will continue until 11:59 p.m. Central Time on September 10, 2021. To access the replay, access the Investor Relations section of Tidewater’s website at investor.tdw.com.

The conference call will contain forward-looking statements in addition to statements of historical fact. The actual achievement of any forecasted results or the unfolding of future economic or business developments in a way anticipated or projected by the Company involves numerous risks and uncertainties that may cause the Company’s actual performance to be materially different from that stated or implied in the forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the “Risk Factors” section of Tidewater’s most recent Forms 10-Q and 10-K.

Tidewater owns and operates the largest fleet of offshore support vessels in the industry, with 65 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com.

West P. Gotcher
Vice President Finance & Investor Relations
+1.713.470.5285
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