LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will webcast a discussion of its first quarter 2021 results on Tuesday, May 4, 2021, at 9:00 a.m. EDT. The company will issue a press release detailing the results after market close on Monday, May 3.

Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 844-850-0542 and (International) 412-317-6014. All participants should ask to be joined into the BWX Technologies (BWXT) call. A replay of the call will remain available on the BWXT website for a limited time.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXTech and learn more at www.bwxt.com

Media Contact
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Director, Media and Public Relations
434.522.6462
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Brings additional large-scale battery manufacturing expertise

SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or "QuantumScape") today announced the appointment of Celina Mikolajczak to its board as an independent director. Ms. Mikolajczak is currently Vice-President of Engineering & Battery Technology at Panasonic Energy of North America and has played an integral role in the development and scale-up of some of the most important battery technologies behind today’s electric vehicle revolution. Prior to joining Panasonic, Ms. Mikolajczak served as Director of Engineering focused on battery development for rideshare vehicles at Uber Technologies. Before that, she worked at Tesla Motors as the Senior Manager for Cell Quality and Materials Engineering, helping to develop the battery cells and packs for Tesla’s Model S, Model X, Model 3, and Roadster Refresh.

“We are thrilled to have Celina join our board at this time,” said Jagdeep Singh, CEO of QuantumScape. “She brings a world-class understanding of high-volume battery manufacturing, and her guidance and expertise will be invaluable as we work to industrialize our ground-breaking solid-state lithium-metal battery technology.”

“I couldn’t be more excited to join the board of QuantumScape,” said Ms. Mikolajczak. “I look forward to helping advance the company through the next stage of growth into high-volume production.”

About QuantumScape Corporation

QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company's mission is to revolutionize energy storage to enable a sustainable future.

For additional information, please visit www.quantumscape.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale from a single layer pouch cell and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the registration statement filed by QuantumScape with the SEC on March 25, 2021 and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, QuantumScape 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 of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

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Appoints Todd Robinson as Deputy Chief Financial Officer

AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that the company has hired R. Craig Bealmear as Chief Financial Officer, effective April 19, 2021.

Bealmear brings extensive experience from the oil and gas industry, having spent more than 28 years in a variety of finance, strategy and commercial leadership roles across the U.S. and U.K. His most recent role was Chief Financial Officer, North America Fuels at BP.

“We are delighted to have Craig join REG; his extensive background in oil and gas and the downstream fuel industry is a natural fit with our business activities and strategy,” said REG President & CEO Cynthia ‘CJ’ Warner. “Craig will come into REG to lead our finance function at a very important time for REG, as we continue to seek to expand our global footprint through a number of significant growth opportunities.”

As a member of the senior leadership team, Bealmear will lead all financial activities, including Accounting, Financial Planning, IT, Tax, Compliance, Internal Audit, Treasury and Investor Relations.

“I am excited for the opportunity to join the REG team and be part of our mission to bring high quality, low carbon fuels to our customers and value to our investors,” said Bealmear.

Bealmear holds an MBA degree in Finance from The Wharton School: University of Pennsylvania and an undergraduate degree in Business Administration from Bellarmine University (Louisville, KY). Craig serves on the board of the Bellarmine University Rubel School of Business Executive Committee and served on the Limitless Task Force for the Chicago Museum of Science and Industry.

Todd Robinson, currently Interim Chief Financial Officer, is appointed Deputy CFO effective April 19, 2021, and will retain his Treasurer and Vice President, Investor Relations roles. Robinson has made significant contributions in his brief tenure as Interim CFO, including leading our recent successful equity raise.

“Todd’s considerable experience and strength in this critical area of REG’s business is a tremendous asset to the company, and I look forward to his ongoing contributions in this elevated role,” said Warner.

About Renewable Energy Group

Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Mr. Bealmear’s fit with REG’s business activities and strategy, expansion of REG’s global footprint through significant growth opportunities, bringing high quality, low carbon fuels to REG customers and value to REG investors, and Mr. Robinson’s ongoing contributions in his new position. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially include Messrs. Bealmear and Robinson’s ongoing employment with the Company, REG’s ability to execute on its strategic plans and other risks described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and from time to time in the REG’s other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in its expectations.

Katie Stanley
Renewable Energy Group
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(515) 239-8184

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2021 earnings conference call at 10:00 AM CDT on Friday, May 7, 2021. Forum will issue a press release regarding its first quarter 2021 earnings prior to the conference call.

To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 1008319. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 1008319.

FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.

Company Contact
Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today that Tiffany (TJ) Thom Cepak has been appointed as the Chair of the Board of Directors of the Company. Ms. Cepak replaces Mark A. (Mac) McFarland as the Chair following his appointment as the permanent President and Chief Executive Officer of the Company on March 22, 2021. Mr. McFarland will continue to serve as a director the Company.

Mr. McFarland, President and Chief Executive Officer, said, “With 26 years of experience in the energy industry, we look forward to Ms. Cepak’s leadership of our board. TJ brings tremendous expertise to the role, and her appointment as Chair separates the role of Chair from that of President and Chief Executive Officer and demonstrates our Board’s commitment to strong corporate governance practices.”

Ms. Cepak, Chair of the Board of Directors, said, “Mr. McFarland’s service as Chair of the Board has been critical in guiding the Company following its emergence from bankruptcy. I look forward to his continuing input as a director, and his ongoing leadership as the Company’s President and Chief Executive Officer.”

Ms. Cepak has served as a director of Patterson-UTI since August 2014 and as a director of Penn Virginia Corporation since September 2019. Ms. Cepak served as the Chief Financial Officer of Energy XXI Gulf Coast Inc. from August 2017 to October 2018 and as the Chief Financial Officer of KLR Energy (and, subsequent to its business combination, Rosehill Resources Inc.) from January 2015 to June 2017. She served as a director of Yates Petroleum Corporation, a privately owned, independent oil and gas exploration and production company, from October 2015 to October 2016. Ms. Cepak served four years as the Chief Financial Officer of EPL Oil & Gas, Inc., and was further appointed Executive Vice President in January 2014, and she served in those roles until June 2014, when EPL was sold. Prior to joining EPL in 2000, she was a Senior Reservoir Engineer with Exxon Production Company and ExxonMobil Company with operational roles including reservoir engineering and subsurface completion engineering for numerous offshore Gulf of Mexico properties. Ms. Cepak holds a B.S. in Engineering from the University of Illinois and an M.B.A. in Management with a concentration in Finance from Tulane University.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.

Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of Norsk Hydro (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years.

“We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy,” said Wes Edens, Chairman and CEO of New Fortress Energy.

Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%.

As part of the MOU, NFE will deliver a minimum agreed amount of natural gas to the refinery from the Company’s Barcarena LNG receiving and regasification terminal located in the state of Pará, Brazil.

The proposed agreement is subject to final documentation and the parties will work together to finalize their commercial arrangements.

The Barcarena terminal is anticipated to be completed and ready to supply natural gas in 2022.

About New Fortress Energy

New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Cautionary Language Regarding Forward-Looking Statements

This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intends,” “expects,” “subject to,” “plans” or “anticipates” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.

Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: risks related to the approval and execution of a definitive sales and purchase agreement, the development, construction or commissioning schedule may be longer than we expect, the funding of the project may not be possible on the terms we expect, we will be unable to operationalize our plans for the rights and key permits to develop the power plant and LNG terminal, and that we will not be able to provide electricity and natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

We undertake no duty to update these forward-looking statements, even though our situation may change in the future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.

IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #esg--Bloom Energy Corp. (NYSE: BE) today announced the release of its inaugural Sustainability Report.

Sustainability is a priority for Bloom Energy; with the issuance of this report, it memorializes the company’s past efforts while charting its commitment to a sustainable future. The report is aligned with both the Sustainability Accounting Standards Board (SASB) and Taskforce on Climate-Related Financial Disclosure (TCFD) reporting frameworks. It outlines the evolution of the company’s sustainability related management framework and the technical innovations driving its strategic growth levers, both of which are key to keeping Bloom at the forefront of a rapidly evolving energy sector.

The report also addresses the:

• Topics acknowledged as materially important by the company’s stakeholders;
• Impact of Bloom’s flexible and modular solutions, including emerging biogas, carbon capture utilization and storage (CCUS), hydrogen, and marine applications;
• Alignment of Bloom’s business and technology strategy with a 2050 net-zero scenario and;
• Impact of the proceeds allocated to date from the company’s issued green notes

“We are excited to share our first-ever Sustainability Report. As I look back at 2020 – a year that impacted society and the planet in ways previously unimaginable – I firmly believe that yesterday’s tragedies forced us to take stock of the world around us and recognize what is essential to the continued functioning of society,” said KR Sridhar, founder, chairman and chief executive officer of Bloom Energy. “2020 forced all of us to reflect on our operations and best practices. And, while we are proud of the strong corporate citizenship and resiliency we exhibited during the year, we know we can do even more. We demonstrated collective resilience in the face of crisis, which enabled us to both persevere and envision a better tomorrow. Our mission at Bloom is to make clean, reliable, energy affordable for everyone in the world. 2020 certainly pushed us one step closer to that goal.”

For more information and to read the full report, please visit Bloom Energy’s sustainability website at: bloomenergy.com/sustainability.

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The Company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Investor Relations:
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Media:
Jennifer Duffourg
Bloom Energy
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced the completion of its acquisition of Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), for 31,372,549 shares of NFE and $580 million in cash. NFE simultaneously announced the completion of the acquisition of all of the outstanding common units of Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”) for $3.55 per common unit in cash.

“The addition of the Hygo team, together with a great portfolio of world-class LNG ships and operators, enhances our efforts to bring more clean and affordable energy around the world,” said Wes Edens, Chairman and CEO of NFE. “With this acquisition, we are now a leading gas and power provider in a large and fast-growing market and have become one of the world’s premier energy transition companies.”

NFE is now a leading international gas-to-power company with an operational floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil, as well as three other FSRU terminals with associated power opportunities that are advancing through development and construction.

Including the acquisition of GMLP, NFE has become more integrated by adding a global shipping fleet of seven FSRUs and six LNG carriers as well as a 50% interest in Trains 1 and 2 of the Hilli Episeyo, a floating liquefaction vessel.

The combined transactions are valued at a $5.1 billion enterprise value and a $2.43 billion equity value.

NFE’s management will host a conference call on Friday, April 16, 2021 at 10:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Investor Update Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A replay of the conference call will be available after 1:00 P.M. Eastern Time on April 16, 2021 through 1:00 P.M. Eastern Time on April 23, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside the U.S.), Passcode: 3694361.

About New Fortress Energy

New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Cautionary Language Regarding Forward-Looking Statements

This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.

Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: (i) changes in federal, state, local and foreign laws or regulations to which NFE, Hygo or GMLP is subject; (ii) terrorism and other security risks, including cyber risk, adverse weather conditions, including hurricanes, environmental releases and natural disasters; (iii) adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political, economic or social developments; (iv) shutdowns or interruptions at NFE’s, Hygo’s or GMLP’s terminaling, storage and processing assets; (v) volatility in the price of LNG products; (vi) nonpayment or nonperformance by any of NFE’s, Hygo’s or GMLP’s customers or suppliers; (vii) NFE’s ability to integrate Hygo’s and GMLP’s assets and operations with its existing assets and operations in the expected timeframe and to realize anticipated cost savings and other efficiencies and benefits; (viii) increased costs associated with the integration of Hygo’s and GMLP’s businesses and other risks common to integration of assets and operations, including disruptions to the businesses of NFE, Hygo or GMLP, failure to integrate internal controls, and failure to realize the anticipated benefits of the transactions, among others; and (ix) the cautionary discussion of risks and uncertainties detailed in Part I, Item 1A, “Risk Factors” and Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of NFE’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (as filed with the SEC on March 16, 2021) and other risk factors identified herein or from time to time in NFE’s periodic filings with the SEC. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.

IR:
Joshua Kane
(516) 268-7455
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Jake Suski
(516) 268-7403
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• Net sales of $21.3 million for the quarter and $84.7 million for the year
• Net loss of $2.5 million for the quarter and $7.6 million for the year
• Backlog of $52.6 million at January 31, 2021

NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the fourth quarter and 2020 fiscal year ended January 31, 2021.

"Revenue for the fourth quarter was $21.3 million, $11.0 million below the same quarter last year, and net loss was $2.5 million compared to a net income of $1.5 million in the same quarter of 2019. For the year ended January 31, 2021, revenues of $84.7 million were $42.9 million below the prior year. The resulting net loss of $7.6 million compares to a prior year net income of $3.6 million,” noted President and CEO David Mansfield.

"The negative impact on the Company’s results due to the impact of the COVID-19 pandemic and the reduction in capital spending in the oil and gas industry continued into the fourth quarter. This past year has been an extremely challenging one, presenting many obstacles that were never anticipated. Most of the adverse conditions for the Company arose as a result of delays to clients’ construction schedules, which has resulted in the postponement of project executions into 2021. The effect of the pandemic on our markets has continued longer than we had hoped and it has been significant. Our revenues reduced by over 30% versus 2019. This required us to reconfigure our fixed cost base, which we did successfully, allowing us to retain our capabilities to be available for the expected recovery.

"The development and rapid distribution of vaccines is considered to indicate a major step in a ‘return to normal’. Indeed, the indications of a recovery appear to be reflected recently in an increased level of business development activity and an increase in our backlog. Numerous projects that have been delayed are now moving forward, and it is our expectation that we are commencing a period when we can finally resume execution on projects and begin recovering the position that has been lost. Our backlog currently stands at $52.6 million, which reflects an increase of $5.8 million from the backlog at January 31, 2020. The fourth quarter saw an increase in backlog of almost $8 million, including some large project awards in the UAE, India and Saudi Arabia,” Mr. Mansfield continued.

“Until our levels of activity fully resumes, we will continue to carefully manage costs and capital expenditures, while balancing the ability to be able to take advantage of the market opportunities we foresee,” concluded Mr. Mansfield.

Fourth Quarter Fiscal 2020 Results

Net sales decreased 34% to $21.3 million in the fourth quarter from $32.3 million in the prior year quarter. This decrease was a result of lower sales volumes driven by the impact of lower oil prices, combined with project delays arising as a result of the COVID-19 pandemic. The Company expects these delayed projects to commence in 2021.

Gross profit decreased to 11% of net sales, or $2.4 million in the fourth quarter, from 22% of net sales, or $7.0 million, in the prior year quarter. This decrease was driven primarily by lower sales volumes.

General and administrative expenses decreased to $3.9 million in the fourth quarter, compared to $5.0 million in the prior year quarter. This 22% decrease was due primarily to cost cutting measures enacted as a result of the COVID-19 pandemic.

Selling expenses were flat at $1.2 million in both the fourth quarter and prior year's quarter.

Net interest expense decreased to income of less than $0.1 million in the fourth quarter, compared to expense of $0.3 million in the prior year quarter. This decrease was primarily the result of lower interest rates and income recognized for gains on our pension plan assets.

Net income/(loss) decreased to a loss of $2.5 million in the fourth quarter from income of $1.5 million in the prior year quarter. This decrease was a result of lower sales volumes driven by the impact of lower oil prices, combined with project delays arising as a result of the COVID-19 pandemic. The Company expects these delayed projects to commence in 2021.

2020 Results

Net sales were $84.7 million in fiscal 2020, a decrease of $42.9 million, or 33.7%, from $127.7 million in fiscal 2019. This decrease was a result of lower sales volumes driven by the impact of lower oil prices, combined with project delays arising as a result of the COVID-19 pandemic. The Company expects these delayed projects to commence in 2021.

Gross profit decreased to $11.2 million, or 13.2% of net sales, in fiscal 2020, a decrease of $17.8 million, or 61.5%, from $29.0 million, or 22.8% of net sales, in fiscal 2019. This decrease was primarily driven by lower sales volumes.

General and administrative expenses were $17.2 million in fiscal 2020 compared to $18.9 million in fiscal 2019, a decrease of $1.7 million, or 9.0%. This decrease was driven primarily by cost cutting measures enacted as a result of the COVID-19 pandemic.

Selling expenses increased by $0.1 million, from $5.2 million in 2019 to $5.3 million in 2020. This increase was primarily due the addition of new sales employees and severance for terminated employees in the current year, partially offset by lower overall personnel costs.

Interest expense decreased to $0.4 million in fiscal 2020 from $0.9 million in fiscal 2019 due to lower net borrowings during 2020.

Income tax expense decreased to a benefit of $0.1 million in fiscal 2020 compared to expense of $1.5 million in fiscal 2019. The decrease of $1.6 million was due primarily to changes to the mix of income in various jurisdictions.

The resulting net loss of $7.6 million in 2020 was an $11.2 million decrease from the net income of $3.6 million in 2019. This decrease was a result of lower sales volumes driven by the impact of lower oil prices, combined with project delays arising as a result of the COVID-19 pandemic. The Company expects these delayed projects to commence in 2021.

Percentages set forth above in this press release have been rounded to the nearest percentage point, and may not exactly correspond to the comparative data presented.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at seven locations in five countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “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 of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of the coronavirus ("COVID-19") on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company's ability to obtain forgiveness of its loan under the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP"); (vi) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vii) the impact of global economic weakness and volatility; (viii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (ix) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (x) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (xi) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiv) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company’s backlog; (xvi) the Company's ability to collect an account receivable related to a project in the Middle East; (xvii) risks and uncertainties related to the Company's international business operations; (xviii) the Company’s ability to attract and retain senior management and key personnel; (xix) the Company’s ability to achieve the expected benefits of its growth initiatives; (xx) the Company’s ability to interpret changes in tax regulations and legislation; (xxi) the Company's ability to use its net operating loss carryforwards; (xxii) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxiii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xiv) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com.)

Perma-Pipe’s Form 10-K for the 2020 fiscal year ended January 31, 2021 will be accessible at www.sec.gov and www.permapipe.com. For more information, visit the Company's website.

David Mansfield, President and CEO
Perma-Pipe Investor Relations
(847) 929-1200
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the first quarter 2021 after the market closes on Tuesday, April 27, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00AM Mountain Time (10:00AM Eastern Time) on Wednesday, April 28, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.

Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148920. The replay will be available until May 5, 2021.

About Liberty

Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

Michael Stock
Chief Financial Officer
303-515-2851
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HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended March 31, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on May 14, 2021, to unitholders of record as of May 7, 2021.

Crestwood plans to report financial results for the first quarter 2021 on Tuesday, April 27, 2021, before the New York Stock Exchange opens for trading. Following the announcement, management will host a conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. Crestwood will provide an update on its operations and financial strategy at that time. The call will be broadcast live over the internet via audio webcast. Investors will be able to connect to the webcast via the “Investors” page of Crestwood’s website at www.crestwoodlp.com. Please log in at least ten minutes in advance to register and download any necessary software. A replay will be available shortly after the call for 90 days.

About Crestwood Equity Partners LP

Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities 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. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.

Tax Notice to Foreign Investors

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Crestwood’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Crestwood Equity Partners LP
Investor Contacts

Josh Wannarka, 713-380-3081
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Senior Vice President, Investor Relations, ESG & Corporate Communications

Rhianna Disch, 713-380-3006
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Director, Investor Relations

Sustainability and Media Contact

Joanne Howard, 832-519-2211
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Vice President, Sustainability and Corporate Communications

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that Jeffrey M. Songer has been named to a new position as executive vice president - strategic merger planning and John F. Orr has been named executive vice president - operations.

In this new role, Mr. Songer will be primarily focused on managing the merger application process for the proposed Canadian Pacific (CP) and KCS combination. This process will include developing, among other things: a joint network-wide operating plan; safety integration plan; environmental impact statement and environmental assessment; and, labor impact plan.

“Jeff is uniquely qualified to fill this critical role in what is arguably the most strategically significant project in our company’s 134-year history,” said KCS president and chief executive officer Patrick J. Ottensmeyer. “His 16-year track record of outstanding performance at KCS, and his familiarity with all aspects of our network, business and customer base, make him very well suited for this important role.”

Mr. Orr brings more than 20 years of precision scheduled railroading operations experience at CN, serving most recently as senior vice president and chief transportation officer, where he was responsible for CN’s transportation and network assets across the U.S. and Canada, a network of about 20,000 miles.

“Among the wide variety of positions he has held over his distinguished career, John also served as senior vice president-operations for CN’s U.S. (Southern) Region, CN’s vice president-transportation for their network in Eastern Canada, and vice president-chief safety and sustainability officer for CN’s North American network,” said Mr. Ottensmeyer. “John has been with us as an executive consultant since February and has gained a solid understanding of our network operations and opportunities for further improvement. John has integrated extremely well with Sameh Fahmy and the entire PSR implementation team at KCS, and I am confident he will contribute positively to our service focused ‘phase three’ PSR initiatives.”

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.

C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.

HAMILTON, Bermuda--(BUSINESS WIRE)--April 15, 2021 - Triton International Limited (NYSE:TRTN) will host its first quarter 2021 earnings conference call on April 29, 2021 at 8:30 a.m. Eastern Time. The earnings announcement and presentation will be released by 7:00 a.m. that morning and will be available on www.trtn.com.

The conference call will be Webcast, and an archive of the Webcast will be available one hour after the live call. To access the live Webcast or archive, please visit the Company’s website at www.trtn.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Webcast.

To listen by phone, please dial in approximately 15 minutes prior to the start time and reference the Triton International Limited conference call.

Live Teleconference Dial-In:
Domestic: 1-877-418-5277
International: 1-412-717-9592

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of over 6.2 million twenty-foot equivalent units ("TEU"), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Triton International Limited
Andrew Greenberg, 914-697-2900
Senior Vice President
Business Development & Investor Relations

EVANSTON, Ill.--(BUSINESS WIRE)--Star Peak Energy Transition Corp. (NYSE:STPK), a publicly traded special purpose acquisition company (“Star Peak”), announced today that it is reaffirming its previously announced Special Meeting of Star Peak Stockholders (the “Special Meeting”) on April 27, 2021 to approve the business combination with Stem, Inc. (“Stem”). If the proposals at the Special Meeting are approved, Star Peak anticipates that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions. Star Peak is currently evaluating the impact of the statement (the “Statement”) released by the Staff of the U.S. Securities and Exchange Commission (the “SEC”) on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies, including whether the changes in accounting treatment described in the Statement will require a restatement of Star Peak’s previously issued financial statements. Star Peak intends to provide a market update in due course in the event that it determines a restatement is necessary, and does not anticipate any changes to the previously disclosed timeline for completing its business combination with Stem.

The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. ET. The Special Meeting will be completely virtual and conducted via live webcast. Holders of Star Peak’s shares of Common Stock at the close of business on the record date of March 4, 2021 are entitled to notice of the virtual Special Meeting and should vote before 11:59 p.m. ET on April 26, 2021.

Star Peak stockholders can exercise their votes online, via telephone or by mail. More information on how to vote can be found at https://stpk.starpeakcorp.com/vote. Star Peak stockholders who need assistance voting or have questions regarding the Special Meeting may contact Star Peak’s proxy solicitor, Morrow Sodali, toll-free at (877) 787-9239 or email Morrow Sodali at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Stem, Inc.

Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.

Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril L.P., Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.

About Star Peak Energy Transition Corp.

Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE:NOVA) and lead director of Kinder Morgan, Inc. (NYSE:KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit https://stpk.starpeakcorp.com/.

Additional Information

This communication is being made in respect of a proposed merger transaction (the “proposed transactions”) involving Star Peak and Stem. The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. In connection with the proposed transactions, Star Peak has filed a Registration Statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a definitive proxy statement / prospectus / written consent solicitation that has been distributed to Star Peak stockholders in connection with Star Peak’s solicitation for proxies for the vote by Star Peak’s stockholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities. Star Peak has mailed a definitive proxy statement / prospectus / written consent solicitation and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Investors and security holders of Star Peak are advised to read the definitive proxy statement / prospectus / written consent solicitation in connection with Star Peak’s solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus / written consent solicitation contains important information about the proposed transaction and the parties to the proposed transaction. Stockholders may also obtain copies of the definitive proxy statement / prospectus / written consent solicitation, without charge at the SEC’s website at www.sec.gov or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor Evanston, IL 60201.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Participants in the Solicitation

Star Peak and Stem and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Star Peak’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Star Peak s stockholders in connection with the proposed business combination is set forth in Star Peak’s registration statement / proxy statement that has been filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Star Peak’s directors and officers in Star Peak’s filings with the SEC, and such information is also in the Registration Statement that has been filed with the SEC by Star Peak, which includes the definitive proxy statement / prospectus / written consent solicitation of Star Peak for the proposed transaction.

Forward-Looking Statements

Certain statements in this communication may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the risk of delays in completing the business combination due to the impact of the Statement; 3) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 4) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 5) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 6) the ability to meet the New York Stock Exchange’s listing standards following the consummation of the business combination; 7) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 8) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 9) costs related to the business combination; 10) changes in applicable laws or regulations; 11) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 12) Stem’s estimates of its financial performance; 13) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 14) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Annual Report on Form 10-K for the year ended December 31, 2020. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Star Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.

Investors – Stem
Ted Durbin, Stem, Inc.
Marc Silverberg, ICR, Inc.
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Media – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
Tricia Quinn
Courtney Kozel
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847 905 4400

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2021 financial results conference call on Thursday, May 13 at 11:00 a.m. Eastern Time (08:00 a.m. Pacific Time). The Company’s earnings will be released prior to the market open on the same date.

We encourage participants to pre-register for the conference call webcast using the following link https://dpregister.com/sreg/10153648/e58af1b180. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access via webcast at www.crc.com, fifteen minutes prior to the scheduled start time to register. A digital replay of the conference call will be archived for approximately 90 days and available online on the Investor Relations page at www.crc.com.

Furthermore, the Company’s executives will also be participating in the following virtual events in May and June:

• Goldman Sachs 6th Annual Credit and Leveraged Finance Conference – May 17
• RBC Capital Markets 2021 Global Energy and Power Infrastructure Conference – June 8-9
• BofA Securities 2021 Energy Credit Conference – June 9
• Tudor Pickering Holt & Co 2021 Hotter 'N Hell Energy Conference – June 10
• J.P. Morgan 2021 Energy, Power & Renewables Conference – June 22-23

CRC’s presentation materials will be available the day of the events on the Earnings and Presentations page in the Investor Relations section on www.crc.com.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.

Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2021 results:

• Earnings Release: Monday, May 10, 2021, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com.
• Conference Call: Monday, May 10, 2021 at 11:00 a.m. EST. The call will be available via telephone and webcast.

Dial-in telephone numbers:
Toll Free: 1-877-407-3982
Toll/International: 1-201-493-6780
UK Toll Free: 0800 756 3429


Webcast:
investors.kosmosenergy.com

• Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2021 operational and financial results after the close of trading on Wednesday, April 28, 2021. Management will also host a live conference call on Thursday, April 29, 2021 at 9:00 a.m. Central Time to review first quarter 2021 financial results and operational highlights.

To access the live conference call, domestic participants should dial (855) 875-8781 and international participants should dial (720) 634-2925. The conference ID and passcode is 3738118. The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab through May 31, 2021.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Mac Schmitz
Capital Markets Coordinator
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(972) 371-5225

DUBLIN--(BUSINESS WIRE)--The "North America's Carbon Intensity Based Clean Fuel Standards" report has been added to ResearchAndMarkets.com's offering.

This report looks at key markets operating in North America: California's Low Carbon Fuel Standard, the Oregon Clean Fuel Program (CFP) and the British Columbia Low Carbon Fuel Standard (BC-LCFS), a term used interchangeably with the Renewable and Low Carbon Fuel Requirements Regulation (RL-CFRR).

There are two other markets that are in the pipeline for development: the Transportation and Climate Initiative-Program (TCI-P) (a collaboration between North-eastern and Mid-Atlantic US) and the Canada Clean Fuel Standard (CFS), also known as the Clean Fuel Regulations (CFR).

With the advent of climate change and the growing need to implement emissions reductions policies, there is a rising movement for government regulation to promote the use of low-carbon fuels in North America. These markets aim to reduce the magnitude of greenhouse gas emissions from the transportation sector - often the hardest sector to decarbonize. To do so, they have imposed market-based mechanisms to ensure that fuel suppliers play their part in reducing emissions.

These markets achieve these emissions by aiming to reduce the carbon intensity (CI) of transportation fuels. The CI is defined as the amount of carbon dioxide equivalent emissions (CO2e) per unit of energy produced by a vehicle and is given in units of g CO2e/MJ. The carbon intensity value is specific to each fuel type and takes into account the extraction, processing, distribution and combustion of the fuel; this is known as a 'well-to-wheel analysis.

Each clean fuel market creates an emissions reduction schedule which mandates a decline in the baseline fuel CI; as the program evolves, there is an increasing demand on fuel producers to provide lower carbon fuels which generally becomes harder as the restrictions become more stringent. In general, credits are generated for providing a fuel with a carbon intensity under this limit while deficits are created by providing fuels with a CI above this limit, with each credit being equivalent to one metric ton of CO2 equivalent emissions. These credits can then be traded, banked and retired to fulfil an entity's compliance obligations.

We demonstrate how ethanol and electricity, both low-carbon fuels can generate credits by having CIs below the low carbon fuel standard requirement, with electricity-generating more credits as it has a lower carbon intensity. On the other hand, gasoline, having a CI above the LCFS requirement, will accrue deficits annually and a fuel supplier providing gasoline will need to meet their compliance obligations in the program by purchasing a sufficient number of credits.

Key Topics Covered:

1. Context and Role of Carbon Intensity-based Clean Fuel Standards in North America

1.1 Role of Carbon Intensity-based Clean Fuel Standards in Various Transportation Markets

1.2 Comparison between the Clean Fuel Standards

2. California Low Carbon Fuel Standard

2.1 Background and history of California Low Carbon Fuels Standard

2.1.1 Regulatory context: AB 32 Scoping Plan and role of LCFS

2.1.2 Introduction to program design

2.1.3 2015 Readoption of LCFS Program: Credit Clearance Market

2.1.4 2018 Amendments to LCFS Program: Alignment with SB-32 Plan

2.1.5 Historical emission trends

2.1.6 Summary of LCFS Trading

2.2 Key components of California's LCFS

2.2.1 Market Composition - Credit & Deficit Generators

2.2.2 Low Carbon Fuel Supply Assessment

2.2.3 Compliance categories

2.2.4 Credit trading system

2.2.5 Credit generation pathways

2.2.6 Annual cycle and timeline of activities (including verification)

2.3 Key market variables at play in LCFS (i.e., influencing supply and demand)

2.3.1 Vehicle Stock and Energy Demand

2.3.2 Growth of electric vehicles

2.3.3 Demand and supply outlook for LCFS credits: possibilities till 2030

3. Canada Clean Fuel Standards

3.1 Background and History of the Market

3.2 Policy & Regulatory Overview: Pan Canadian Framework on Clean Growth and Climate Change

3.2.2 Summary on Industries Impacted

3.3 Key constructs of the Market

3.3.1 Market Overview

3.3.2 Different players

3.3.3 Compliance categories

3.3.4 Credit trading system

3.3.5 Credit generation pathways

3.3.6 Annual cycle and timeline of activities

3.3.7 Timeline for CFS launch

4. Oregon Clean Fuels Program

4.1 Background and History of the Market

4.1.1 Policy & Regulatory Overview

4.1.2 2022 Policy Target and Proposed Timeline

4.1.3 Overlapping Policies - Federal Renewable Fuel Standard & Oregon Renewable Fuel Standards

4.1.4 Summary on Industries Impacted

4.1.5 Key Constructs of the Market

4.1.6 Key market variables at play

4.1.7 Regulatory variables influencing the market outlook

5 British Columbia Low Carbon Fuel Standard

5.1 Background and History of the Market

5.1.1 Policy & Regulatory Overview

5.1.2 Summary on Industries Impacted

5.2 Key Constructs of the Market

5.2.1 Market Composition

5.2.2 Compliance Categories

5.2.3 Low Carbon Fuel Supply Assessment

5.2.4 Credit Trading System

5.2.5 Summary on Trading

5.2.6 Annual Cycle and Timeline of Activities

5.3 Key Market Variables at Play

5.3.1 Vehicle Stock and Energy Demand

5.3.2 Fossil Fuel Demand

5.3.3 Role of Clean Fuels

5.3.4 Role of Electric Vehicles

5.3.5 Other Credit Generating Options

5.4 Regulatory Variables Influencing Market Outlook

5.4.1 Target CI Compliance Targets

5.4.2 Market Flexibility and Stability Mechanisms

5.5 Market Perspectives and Further Reading

6 Transportation and Climate Initiative of North East and the Mid Atlantic States

6.1 Regional low-carbon transportation policy development process

6.2 Clean Vehicles and Fuels

6.2.1 North East Electric Vehicle Network

6.3 Sustainable Communities

6.3.1 Freight Efficiency

6.4 Development of a Market-Based Emission Reduction Policy

6.4.1 The Transportation Climate Initiative Program (TCI-P)

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, April 29, 2021 at 5:00PM Eastern Time to discuss the Company’s first quarter results, as well as certain forward-looking information. The Company plans to release its first quarter results after the market closes on the same date.

The live conference call will be accessible by telephone at (833) 562-0141 (within the United States and Canada) or (661) 567-1221 (International). Audio replay of the call will be available through May 6, 2021. The replay numbers are: (855) 859-2056 (within the United States and Canada) and (404) 537-3406 (International). The call ID is 7884093.

The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at www.wfscorp.com and clicking on the webcast icon. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until May 13, 2021.

About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

For more information, call 305-428-8000 or visit www.wfscorp.com.

Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
305-428-8000

Funding lets Encamp make ongoing upgrades to its SaaS-based platform for
environmental compliance reporting and add staff in strategic positions

INDIANAPOLIS--(BUSINESS WIRE)--#EHS--Encamp, which offers a first of its kind software platform for environmental, health, and safety (EHS) compliance data management and reporting automation, today announced it has raised $12 million in Series B funding led by OpenView. The funding was supported with participation from Encamp investors High Alpha Capital, Allos Ventures, and IU Ventures. Encamp will use the new backing to drive ongoing development of the SaaS-based Encamp platform and add employees in engineering, compliance, sales, marketing, and other strategic areas.

For environmental compliance at facilities storing or using hazardous chemicals, the Encamp platform lets businesses verify applicable state and federal regulations automatically. To determine required compliance actions, EHS teams can sort activity by facility, regions, regulations, and state and federal requirements. In addition, EHS professionals are able to track compliance performance and reporting across the business by connecting tasks to facilities, compliance due dates, employees, and items such as compliance training schedules. Businesses get an up-to-the-minute view of their entire compliance reporting schedule using Encamp’s dashboard and wide-ranging compliance calendar.

With Encamp’s proprietary reporting automation software system, certified information is aggregated automatically in Encamp and submitted on time and in the correct format to all proper regulatory agencies. Along with increasing efficiency, such monitoring and automation is critical to reducing the risk of non-compliance and avoiding significant penalties.

For the EHS industry, Encamp is the first product to provide such end-to-end capability, particularly for regulations and reporting methods that vary considerably across all 50 states. The company’s new funding will allow it to continue making environmental compliance and reporting faster, easier, and more accurate.

“When we started Encamp, our goal was to become the premier system of record for environmental compliance and reporting, which we did,” said Luke Jacobs, one of Encamp’s co-founders and CEO. “That dynamic is shifting, however. Regulators and the EHS industry are now moving towards systems of intelligence for regulatory rules and data. Therefore, going forward, our aim is to become the new premier system of intelligence for environmental compliance. Encamp’s platform and product roadmap support this new direction, as does OpenView. We know they’ll be a strong and positive influence in helping us continue transforming how environmental compliance works.”

“We’ve been excited about Encamp since our first meeting with their fantastic founding team. Luke and the Encamp team are uniquely positioned to fundamentally change the world of environmental compliance, and we’re thrilled to partner again with High Alpha and Allos Ventures,” said Ricky Pelletier, Partner at OpenView.

OpenView's Expansion Platform partnered with Encamp to already place three new executive hires: Gerritt Graham as Chief Revenue Officer, Julianna Meidell as VP of Marketing, and Ki Moon as VP of Revenue Operations.

Encamp’s platform updates throughout 2021 are targeted at adding compliance reporting functionality, and are also expected to expand reporting to new regulatory program areas. The updates should enable Encamp to build on its current standing as the largest filer of Tier II hazardous material inventory reports in the United States.

“We’re recognized as trailblazers of environmental compliance for a reason,” said Jacobs. “Now with additional support from our investors and OpenView’s ongoing guidance, Encamp is ready to make compliance and reporting even simpler — and more intelligent — than we already have.”

About Encamp

Encamp was formed in 2017 and introduced its SaaS-based software to the environmental, health, and safety (EHS) industry in 2018. By early 2019, more than 100 companies were using Encamp to manage and automate the way they file critical environmental compliance information to state, local, and emergency response agencies. Nearly 200 businesses, including a growing number of businesses listed in the Fortune 1000 and Fortune 100, now use Encamp in more than 4,000 regulated facilities throughout the United States. In 2020 alone, Encamp realized revenue growth of more than 800%, a rise that continued to position the company as an emerging EHS market leader.

By way of innovation, Encamp is a first of its kind EHS compliance software product that combines a powerful data management system and EHS compliance reporting automation. With its Software as a Service (SaaS) architecture and deployment via the cloud, companies implement Encamp in a matter of days or weeks. Moreover, Encamp gives companies and their EHS teams a modern software option over point systems, spreadsheets, and legacy Environmental Management Information Systems (EMIS).

Industry Recognition

Among the industry awards Encamp has received for its innovation and leadership are the 2020 Top SaaS Newcomer and 2020 Best SaaS for Agriculture and Farming, Awarding & Consultancy International; 2020 Best in Biz Gold Award, Most Innovative Company of the Year (North America, SMB); 2020 Best in Biz Silver Award, Best New Product of the Year (North America, SMB); 2019 Startup of the Year, TechPoint; and 2019 New Product of the Year, Occupational Health & Safety. Encamp was also named one of the Best Places to Work in Indiana for 2021 by the Indiana Chamber of Commerce and the Best Companies Group. Encamp’s CEO and Co-founder, Luke Jacobs, was also named to the Environment + Energy Leader (E+E) 100 for 2020.

About OpenView

Founded in 2006, OpenView is a venture capital firm investing globally in business software companies. With a mission to improve people’s working lives, OpenView’s focused investment approach across sector and stage enables the firm to identify and partner with category leading business software companies. The firm’s focus extends to operational excellence through its dedicated expansion team working with portfolio companies on go-to-market, sales and marketing, product led growth, talent, and corporate development. The firm is based in Boston and has $1.5 billion in total capital under management. For more information, please visit https://openviewpartners.com/.

About High Alpha

High Alpha is a leading venture studio focused on building next-generation B2B SaaS companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team partners with entrepreneurs, investors and large corporations to conceive, launch and scale new software companies. For more information: highalpha.com or on Twitter at @highalpha.

About Allos Ventures

Allos Ventures invests in early-stage technology companies based in the Midwest. Investments focus on B2B software companies at a Seed and Series A stage, augmenting the capital provided by seed and startup investors. In addition to the capital Allos provides, portfolio companies benefit from the extensive operating and business-building experience of the firm's managing partners, who make themselves available as needed to support each portfolio company's growth. For more information: allosventures.com.

About IU Ventures

IU Ventures is a Code Section 501(c)(3) organization dedicated to empowering Indiana University faculty, alumni, and friends to support and invest in IU-affiliated innovation. Through the IU Philanthropic Venture Fund and the IU Angel Network, IU Ventures works to provide opportunities for individuals affiliated with IU to network with fellow entrepreneurs; build innovative new businesses; and support growing enterprises through donations, investments, time and talents. To learn more, visit iuventures.com.

Encamp, Inc.
Jess Engel, Director of Marketing Communications
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