Business Wire News

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced it will host a conference call and live audio webcast on November 4, 2021 to discuss third quarter 2021 financial and operating results. The Company plans to release results on November 3, 2021 after market close, which will be available on SWN’s website at www.swn.com.


Date:

 

 

November 4, 2021

Time:

 

 

10:00 a.m. CT

Webcast:

 

 

ir.swn.com

US/Canada:

 

 

877-883-0383

International:

 

 

412-902-6506

Access code:

 

 

7695937

A replay of the call will also be available until November 11, 2021 at 877-344-7529, International 412-317-0088, or Canada Toll Free 855-669-9658, access code 10161319.

About Southwestern Energy

Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.


Contacts

Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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DUBLIN--(BUSINESS WIRE)--The "United States Smart Meter Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.


The country research report on the United States smart meter market is a customer intelligence and competitive study of the United States market.

Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the United States market. Also, factors that are driving and restraining the smart meter market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market.

Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of smart meter market in the United States.

Highlights of the Report

1) Demand and supply conditions of smart meter market

2) Factor affecting the smart meter market in the short run and the long run

3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

4) Key trends and future prospects

5) Leading companies operating in smart meter market and their competitive position in the United States

6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (United States) smart meter market

7) Matrix: to position the product types

8) Market estimates up to 2027

The report answers questions such as:

1) What is the market size of smart meter market in the United States?

2) What are the factors that affect the growth in smart meter market over the forecast period?

3) What is the competitive position in the United States smart meter market?

4) What are the opportunities in the United States smart meter market?

5) What are the modes of entering the United States smart meter market?

Key Topics Covered:

1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

2. Executive Summary

3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for the United States Smart Meter Market

3.5. Growth Matrix Analysis

3.6. Competitive Landscape in the United States Smart Meter Market

4. United States Smart Meter Market by Type

4.1. Smart Electricity Meter

4.2. Smart Gas Meter

4.3. Smart Water Meter

5. United States Smart Meter Market by Technology

5.1. Automatic Meter Reading (AMR)

5.2. Advanced Metering Infrastructure (AMI)

6. United States Smart Meter Market by Application

6.1. Residential

6.2. Commercial

6.3. Industrial

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/y86f8m


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

TORONTO--(BUSINESS WIRE)--dynaCERT Inc. (TSX VENTURE:DYA) (OTCQX:DYFSF) (FRA:DMJ) ("dynaCERT" or the "Company") announces that its strategic alliance with Mosolf SE & Co. AG ("Mosolf"), first announced by the Company in a news release dated October 16, 2019 (and commented upon in its subsequent Management Discussion & Analysis in 2020 Q1 and Q2), has been terminated. Though discussions pertaining to this strategic alliance continued throughout 2021, the Company has recently recognized the termination of the strategic alliance from Mosolf. The Company's strategic alliance with Mosolf initially included a purchase order for 1,000 HydraGEN™ units, a dealership agreement for Germany and an understanding to negotiate towards a joint venture for the passenger car after-market in Europe. Though the Company enjoyed a positive relationship with the Mosolf group and its principals, the objectives of the initial arrangement have not materialized, as only 48 units out of the 1,000 units under the foregoing purchase order were delivered. As with several other orders received by the Company in late 2019 and early 2020, the COVID-19 pandemic had a significant impact on this relationship, both in terms of access to the potential markets and clients of Mosolf, and in terms of the Company's limitations on production (and availability of inputs) throughout the lockdowns imposed by the Government of Ontario throughout 2020 and into 2021. At the same time, the materiality of this dealership declined in 2020 because the overall number of dealers increased significantly (with dynaCERT now having over 45 dealers globally, seven (7) of which are located and operate in Europe), and because of the increasing relative importance of the Company’s relationship with its other dealers and agents that operate in multiple centres globally. These European dealership arrangements are entered into between the Company's European subsidiary, dynaCERT GmbH Inc. (which operates out of Germany, with a total of five (5) dedicated employees) and cover various European countries, including Germany, Austria, Netherlands and Benelux, Italy, Portugal, Latvia and the Baltics, the UK and Ireland.


The Company notes that the disclosures in this press release are provided to comply with a request by Staff of the Ontario Securities Commission following a continuous disclosure review.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of The Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO


Contacts

Jim Payne, CEO & President
dynaCERT Inc.
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
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NUR-SULTAN, Kazakhstan--(BUSINESS WIRE)--The Ministry of Justice has launched a new website to spotlight evidence gathered by the Republic of Kazakhstan regarding the fraud committed by Anatolie and Gabriel Stati: www.kzarbitration.com.


The purpose of the website is to present the facts of the ongoing and complex legal case and provide easy access to the corresponding evidence. This public repository will increase transparency around the case and dispel the disinformation and lies perpetrated by these individuals against the Republic of Kazakhstan and its people.

The evidence - in the form of court rulings, expert opinions, and other publicly available documents - confirms that the Statis have been engaged in a complex and multi-faceted fraud since at least 2006.

The website explains how Anatolie and Gabriel Stati defrauded international investors of their money, falsified financial statements, fraudulently obtained audit opinions and pursued an international arbitration against the Republic of Kazakhstan to recoup from the State the monies the Statis had stolen themselves.

The details of the fraud are exposed in a timeline of events and corroborated by the evidence gathered and presented by the Ministry of Justice.

The background to the fraud, legal case history timeline, documentary evidence against the Statis can be accessed on the website address https://kzarbitration.com which is updated regularly.


Contacts

Ms. Meruert Bokanova
Press Secretary of the Ministry of Justice of Kazakhstan
This email address is being protected from spambots. You need JavaScript enabled to view it.
+7 (7172) 74-06-01

VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (TSXV:EVGN) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, announces that it has entered into several agreements to support the ongoing investor relations and capital markets communications activities following the Company’s successful initial public offering.


Appointment of Kelly Castledine, Director of Investor Communications

EverGen recognizes the importance of clear and transparent communication with investors and the broader capital markets and is very pleased to be engaging industry veteran Kelly Castledine as Director of Investor Communications to direct all communications activities for the Company. Kelly is an accomplished certified investor relations professional with over 20 years of experience in investor relations, capital markets, corporate strategy and communications, and was the key driver of an investor relations strategy that contributed to the growth of renewable infrastructure company Algonquin Power & Utilities Corp. from $200 million to $2.5 billion market capitalization in five years.

Concurrently, the Company has updated its investor presentation which is available on its website at the following link https://www.evergeninfra.com/investor-center.

Investor Relations

As part of the its investor relations plan the Company has engaged the following service providers:

  • Petersen Capital (“Petersen”) for a one-month period to assist with formulating marketing strategies and accessing marketing initiatives for the purpose of increasing EverGen’s exposure to potential investor groups and institutional fund managers, as well as assisting the Company in developing compelling corporate presentation materials including the corporate presentation, fact sheet, management video interviews, social media services and media analysis reports. Consideration for services provided by Petersen is $30,000, with the option to renew on a month-to-month basis.
  • Adelaide Capital Markets Inc. (“Adelaide”) to provide curated content to accredited and qualified investors via a webcast presentation, monthly newsletters, and social media content for a period following the webcast presentation. Total consideration for the services provided by Adelaide is $5,000.
  • Proactive Investors North America Inc. (“Proactive”) to provide editorial coverage of the Company for a period of twelve months. Proactive is a multimedia news organization and investor portal operating financial websites with news, commentary and analysis on listed companies and the global financial market. Total consideration for services provided by Proactive is $25,000, with the option to renew for an additional twelve months.

Market Maker

Further, to support liquidity and trading of the Company’s shares, EverGen has engaged Integral Wealth Securities Limited (“Integral”) to provide assistance in maintaining an orderly trading market for the common shares of the Company on the TSX Venture Exchange (the "TSX-V"). The market-making service will be undertaken by Integral in compliance with the applicable policies of the TSX-V and other applicable laws. For its services, the Company has agreed to pay Integral a fee of $7,500 per month for a period of three months with the option to renew on a month-to-month basis. The Company and Integral act at arm's length.

None of the above mentioned services providers nor any of its principals currently own any securities, directly or indirectly, of the Company.

The engagements of the above mentioned service providers are subject to the Company making certain filings with the TSX Venture Exchange (the "Exchange") and acceptance by the Exchange.

About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen is now established to acquire, develop, build, own and operate a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.


Contacts

EverGen Investors
Kelly Castledine
416-576-8158
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EverGen Media
Katie Reiach
604.614.5283
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DUBLIN--(BUSINESS WIRE)--The "Global Gas Insulated Switchgear (GIS) Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.


The publisher has been monitoring the gas insulated switchgear (GIS) market and it is poised to grow by $8.44 billion during 2021-2025, progressing at a CAGR of 8.07% during the forecast period.

The report on the gas insulated switchgear (GIS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing construction activities and increasing global power demand.

The gas insulated switchgear (GIS) market analysis includes the application segment and geographic landscape. This study identifies the increasing renewable power generation as one of the prime reasons driving the gas insulated switchgear (GIS) market growth during the next few years.

Companies Mentioned

  • ABB Ltd.
  • Eaton Corporation Plc
  • Fuji Electric Co. Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Mitsubishi Electric Corp.
  • Nissin Electric Co. Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

The report on gas insulated switchgear (GIS) market covers the following areas:

  • Gas insulated switchgear (GIS) market sizing
  • Gas insulated switchgear (GIS) market forecast
  • Gas insulated switchgear (GIS) market industry analysis

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Key Topics Covered:

1. Executive Summary

  • Market overview

2. Market Landscape

  • Market ecosystem
  • Value chain analysis

3. Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

4. Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

5. Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • High voltage GIS - Market size and forecast 2020-2025
  • Medium voltage GIS - Market size and forecast 2020-2025
  • Market opportunity by Application

6. Customer landscape

7. Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity By Geographical Landscape
  • Market drivers
  • Market challenges
  • Market trends

8. Vendor Landscape

  • Overview
  • Landscape disruption

9. Vendor Analysis

  • Vendors covered
  • Market positioning of vendors

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ays5a


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 Third Quarter Earnings Call on Friday, October 29, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.


During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.

Please click here [https://edge.media-server.com/mmc/p/kx6ykscr] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.


Contacts

Investor relations
(587) 476-4743

Media relations
(587) 476-7010

SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for electric vehicles, today announced it will release 2021 third quarter financial results after market close on Tuesday, October 26, 2021. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, of QuantumScape.


Starting today, October 15, retail and institutional shareholders can submit and upvote questions they would like addressed on the earnings call. QuantumScape management will respond to a selection of the most upvoted questions. To submit questions, please visit the Say online platform; shareholders at brokers with Say can participate directly in their investing app or broker website. We will accept questions on the Q&A platform until Friday, October 22, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

The earnings call will be accessible live via a webcast on QuantumScape’s IR Events Calendar page. An archive of the webcast will be available shortly after the call for 12 months.

About QuantumScape Corporation

QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission is to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.


Contacts

For Investors
John Saager, CFA
Head of Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Media
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Third Quarter ended September 30, 2021 on November 4, 2021, before the market opens.


Genesis Energy, L.P.’s Third Quarter Earnings Conference Call will be held Thursday, November 4, 2021, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.


Contacts

Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it will release its third quarter 2021 financial results after the close of the market on Monday, November 1, 2021. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.


In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.

Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 9934159. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.


Contacts

Media Relations
Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
Eric Prouty, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Morgen, Advisiry Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that it has finalized the terms of the Company’s offering of USD $175 million in senior secured bonds in the Nordic bond market. The bonds will mature in November 2026 and bear interest at 8.5% per annum. The Company anticipates that consummation of the offering will occur on November 16, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from the bond issue towards the refinancing of the Company’s outstanding debt and for general corporate purposes. An application will be made for the bonds to be listed on the Nordic ABM.


The bonds were privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.

The bonds have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the bonds or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

About Tidewater

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.

Forward-Looking Statements

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.


Contacts

Tidewater Inc.
West Gotcher
Vice President,
Finance and Investor Relations
+1.713.470.5285

Winners announced in London, UK

BOSTON--(BUSINESS WIRE)--Boston Metal won the New Technology for the Metals and Mining Industry award at the 2021 S&P Global Platts Global Metals Awards.


Boston Metal is commercializing ground-breaking technology to decarbonize primary steelmaking. The company’s technology combines patented innovations with best practices from the aluminum and steel industries to deliver a revolutionary solution to the carbon emissions challenge facing the steel value chain. Powered by renewable electricity, molten oxide electrolysis converts iron ore into liquid metal and oxygen. The modular, scalable platform produces no CO2 emissions, is highly energy efficient, and works with a wide range of iron ore grades.

“We congratulate all the winners and finalists for persevering through unique challenges and continuing to drive performance while embracing change,” said Saugata Saha, president of S&P Global Platts.

Dave Ernsberger, Global Head of Pricing and Market Insight, S&P Global Platts, said: “Not surprisingly, but certainly encouraging, is the industry’s increasing prioritization of innovation for a lower-carbon future, which was evident in the nominations and focus of Awards category participation in this year’s Global Metals Awards.”

“We are honored to be recognized by such a highly regarded organization and to be selected by a world-class panel of independent judges,” said Tadeu Carneiro, Chairman and CEO of Boston Metal. He added: “It’s been a big week for us. Besides being named a S&P Global Platts Global Metals Award winner, we welcomed Stephan Broek to the team as SVP of Technology. With his vast experience in both aluminum and steelmaking, together with his keen understanding of technical processes and project planning, Stephan is uniquely positioned to lead our technology development efforts as we continue our journey to deliver a future where steel production is free of carbon emissions.”

For full details of the 2021 winners and judges’ rationale, access the S&P Global Platts Insight Magazine.

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

About Boston Metal

Boston Metal is a global metals technology solutions company that is commercializing molten oxide electrolysis (MOE), a patented tonnage metals production platform. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a range of metals and alloys from a wide variety of feedstocks. Learn more at www.bostonmetal.com.


Contacts

Dawn Kelly
Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (412) 298-6998

  • Third Quarter 2021 Revenue: $3.14 billion; up 27%
  • Third Quarter 2021 Operating Income: $273.8 million; up 56%
  • Third Quarter 2021 EPS: $1.88 vs. $1.18

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced third quarter 2021 net earnings of $199.8 million, or diluted earnings per share of $1.88 versus third quarter 2020 net earnings of $125.5 million, or $1.18 cents per diluted share.


Total operating revenue for the current quarter was $3.14 billion, an increase of 27% compared with $2.47 billion for the third quarter 2020. All segments contributed double-digit revenue growth versus the prior year period. Truckload (JBT) and Integrated Capacity Solutions (ICS) grew revenue 87% and 55% year-over-year, respectively, as both segments were able to source and secure capacity for customers in the Marketplace for J.B. Hunt 360°® in this capacity-constrained freight environment. Intermodal (JBI) revenue grew 17%, driven by a 24% increase in revenue per load, partially offset by a 6% decline in volume. Dedicated Contract Services® (DCS®) revenue grew 20% as a result of a 12% increase in average revenue producing trucks and a 7% increase in fleet productivity versus the prior year period. Final Mile Services® (FMS) revenue increased 13% as revenue per stop increased 17%, partially offset by 3% fewer stops. Current quarter total operating revenue, excluding fuel surcharges, increased 23% versus the comparable quarter 2020.

Total freight transactions in the Marketplace for J.B. Hunt 360 increased to $518 million in the third quarter 2021 compared to $358 million in the prior year quarter. ICS revenue on the platform increased 36% to $397 million versus a year ago. JBI and JBT executed approximately $34 million and $87 million, respectively, of third-party dray, independent contractor and power-only capacity through the platform during the quarter.

Operating income for the current quarter totaled $273.8 million versus $175.5 million for the third quarter 2020. Operating income increased from third quarter 2020 primarily from customer rate and cost recovery efforts and further scaling into our technology investments at a consolidated level, in addition to higher productivity of our assets and people across our ICS and JBT segments. These items were partially offset by a lack of network fluidity from both rail and customer activity in JBI as well as increases in: driver wage and recruiting costs; rail and truck purchase transportation expense; non-driver personnel salary, wages and incentive compensation; group medical expense; and implementation costs for new business in both our DCS and FMS segments.

Interest expense in the current quarter was comparable to the prior year period. The effective income tax rate for the current quarter was 23.7% compared to 23.3% for third quarter 2020. We expect our 2021 annual tax rate to fall between 23.5% and 24.0%.

Segment Information:

Intermodal (JBI)

  • Third Quarter 2021 Segment Revenue: $1.41 billion; up 17%
  • Third Quarter 2021 Operating Income: $165.1 million; up 52%

Overall intermodal volumes declined 6% versus the same period in 2020. Eastern network loads declined 2%, while transcontinental loads declined 9% compared to the third quarter 2020. Demand for intermodal capacity remains strong, however, volumes in the quarter were negatively impacted by a continuation of rail restrictions across the network and elevated detention of trailing equipment at customer facilities. We believe labor shortages across the industry in both rail and truck networks and at customer warehouses are at the core of the supply-chain fluidity challenges limiting our asset utilization and capacity. Despite these volume-related challenges, revenue increased by 17%, driven by a 24% increase in revenue per load resulting from a combination of mix, customer rates, and fuel surcharge revenue, partially offset by the volume decline. Revenue per load, excluding fuel surcharge revenue, increased 18% year over year.

Operating income increased by 52% year over year primarily from higher customer rate and cost recovery efforts compared to the prior year period. Rate and cost recovery efforts were partially offset by higher rail and third-party dray purchased transportation costs, increases in driver wages, benefits and recruiting costs, and activity-based costs to accommodate network inefficiencies. Higher non-driver personnel, group medical and equipment costs also offset higher revenue per load. The current period ended with 102,230 units of trailing capacity and 6,017 power units in the dray fleet.

Dedicated Contract Services (DCS)

  • Third Quarter 2021 Segment Revenue: $665 million; up 20%
  • Third Quarter 2021 Operating Income: $78.1 million; down 3%

DCS revenue increased 20% during the current quarter over the same period in 2020. Productivity, defined as revenue per truck per week, was up 7% versus the prior period. Productivity, excluding fuel surcharge revenue, increased 3% versus the prior period. A net additional 1,527 revenue producing trucks were in the fleet by the end of the quarter compared to the prior year period, and a net additional 744 versus the end of the second quarter 2021. Customer retention rates remain above 98%.

Operating income decreased 3% from the prior year quarter. Benefits from higher revenue and increased productivity of assets were more than offset by increases in driver wage and recruiting costs, non-driver personnel salary, wages and incentive compensation, and other costs related to the implementation of new, long-term contractual business.

Integrated Capacity Solutions (ICS)

  • Third Quarter 2021 Segment Revenue: $666 million; up 55%
  • Third Quarter 2021 Operating Income: $14.7 million; compared to $(18.3) million loss in 3Q’20

ICS revenue increased 55% in the current quarter versus the third quarter 2020. Segment volumes increased 4% in the quarter while truckload volumes increased 14% from the prior year period. Revenue per load increased 48%. In addition to customer freight mix, revenue per load was favorably impacted by higher contractual and spot rates in our truckload business as compared to the third quarter 2020. Contractual volumes represented approximately 54% of the total load volume and 41% of the total revenue in the current quarter compared to 58% and 38%, respectively, in third quarter 2020. Of the total reported ICS revenue, approximately $397 million was executed through the Marketplace for J.B. Hunt 360 compared to $291 million in third quarter 2020.

Operating income increased to $14.7 million compared to an operating loss of $18.3 million in the third quarter 2020. Gross profit margins increased to 12.0% in the current period versus 7.6% in the prior period. Benefits from higher gross margin were partially offset by higher personnel and technology costs compared to the same period 2020. ICS carrier base increased 35% versus the third quarter 2020.

Final Mile Services (FMS)

  • Third Quarter 2021 Segment Revenue: $206 million; up 13%
  • Third Quarter 2021 Operating Income: $1.3 million; down 39%

FMS revenue increased 13% compared to the same period 2020. Stop count within FMS decreased 3% during the current quarter versus a year ago. The addition of multiple new customer contracts implemented over the last year were more than offset by the reduction in stops for several customers related to labor and supply-chain constraints. Productivity, defined as revenue per stop, increased approximately 17% compared to the prior year period primarily from a shift in customer mix of business, in addition to the implementation of higher rates.

Operating income decreased 39% over the prior year quarter primarily from implementation costs related to new long-term contractual business, higher third-party contract carrier costs, and lower volumes with certain customers related to product availability as a result of supply-chain disruptions. Higher personnel expense related to salary, wages and incentive compensation and group medical costs also contributed to the decline in operating income.

Truckload (JBT)

  • Third Quarter 2021 Segment Revenue: $204 million; up 87%
  • Third Quarter 2021 Operating Income: $14.7 million; up 397%

JBT revenue increased 87% from the same period in 2020. Revenue excluding fuel surcharge revenue increased 85%, primarily from a 65% increase in revenue per load excluding fuel surcharge revenue and a 12% increase in load count compared to a year ago. The increase in revenue per load excluding fuel surcharge revenue was driven by a 36% increase in revenue per loaded mile excluding fuel surcharge revenue and a 20% increase in average length of haul. Load count growth and the length of haul increase were primarily related to the continued expansion of J.B. Hunt 360box® which leverages the J.B. Hunt 360 platform to access drop-trailer capacity for customers across our transportation network. Comparable contractual customer rates were up approximately 29% compared to the same period 2020. The current period ended with 9,906 trailers and 1,965 tractors, compared to 8,245 and 1,713 respectively for the prior year period.

Operating income increased to $14.7 million compared $2.9 million in the third quarter 2020. Benefits from increased load counts and revenue per load were partially offset by increases in purchased transportation expense, higher driver wages and recruiting costs, higher non-driver personnel expense related to salary, wages and incentive compensation, and increases in group medical costs. Further investments in both personnel and technology related to the continued expansion of 360box also partially offset higher revenue.

Cash Flow and Capitalization:

At September 30, 2021, we had a total of $1.3 billion outstanding on various debt instruments which is comparable to total debt levels at September 30, 2020 and December 31, 2020.

Our net capital expenditures for the nine months ended September 30, 2021, approximated $511 million compared to $449 million for the same period 2020. At September 30, 2021, we had cash and cash equivalents of approximately $530 million.

In the third quarter 2021, we purchased approximately 286,000 shares of our common stock for approximately $50 million. At September 30, 2021, we had approximately $366 million remaining under our share repurchase authorization. Actual shares outstanding on September 30, 2021, approximated 105.0 million.

Conference Call Information:

The Company will hold a conference call today at 9:00–10:00 am CDT to discuss the quarterly earnings. To participate in the call, dial 1-833-397-0851 (domestic) or 516-575-8759 (international) 15 minutes prior to the start of the call and provide the following conference ID: 1065188. A replay of the call will be posted on the investor relations section of our website here later today.

Forward-Looking Statements:

This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2020 and Quarterly Report filed on Form 10-Q for the period ended June 30, 2021. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Statements of Earnings
(in thousands, except per share data)
(unaudited)
 
Three Months Ended September 30

2021

2020

% Of % Of
Amount Revenue Amount Revenue
 
Operating revenues, excluding fuel surcharge revenues $

2,813,939

 

$

2,296,053

 

Fuel surcharge revenues

330,873

 

176,470

 

Total operating revenues

3,144,812

 

100.0

%

2,472,523

 

100.0

%

 
Operating expenses
Rents and purchased transportation

1,667,236

 

53.0

%

1,297,333

 

52.5

%

Salaries, wages and employee benefits

711,694

 

22.6

%

594,162

 

24.0

%

Depreciation and amortization

138,923

 

4.4

%

132,392

 

5.4

%

Fuel and fuel taxes

139,155

 

4.4

%

87,350

 

3.5

%

Operating supplies and expenses

98,541

 

3.1

%

86,103

 

3.5

%

General and administrative expenses, net of asset dispositions

50,266

 

1.7

%

41,894

 

1.6

%

Insurance and claims

41,254

 

1.3

%

35,412

 

1.4

%

Operating taxes and licenses

15,464

 

0.5

%

13,696

 

0.6

%

Communication and utilities

8,450

 

0.3

%

8,678

 

0.4

%

Total operating expenses

2,870,983

 

91.3

%

2,297,020

 

92.9

%

Operating income

273,829

 

8.7

%

175,503

 

7.1

%

Net interest expense

11,977

 

0.4

%

11,895

 

0.5

%

Earnings before income taxes

261,852

 

8.3

%

163,608

 

6.6

%

Income taxes

62,023

 

1.9

%

38,112

 

1.5

%

Net earnings $

199,829

 

6.4

%

$

125,496

 

5.1

%

Average diluted shares outstanding

106,436

 

106,798

 

Diluted earnings per share $

1.88

 

$

1.18

 

 
 
J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Statements of Earnings
(in thousands, except per share data)
(unaudited)
 
Nine Months Ended September 30

2021

2020

% Of % Of
Amount Revenue Amount Revenue
 
Operating revenues, excluding fuel surcharge revenues $

7,808,954

 

$

6,327,876

 

Fuel surcharge revenues

862,377

 

571,045

 

Total operating revenues

8,671,331

 

100.0

%

6,898,921

 

100.0

%

 
Operating expenses
Rents and purchased transportation

4,557,770

 

52.6

%

3,467,782

 

50.3

%

Salaries, wages and employee benefits

1,997,196

 

23.0

%

1,722,548

 

25.0

%

Depreciation and amortization

415,839

 

4.8

%

392,786

 

5.7

%

Fuel and fuel taxes

379,036

 

4.4

%

263,932

 

3.8

%

Operating supplies and expenses

271,257

 

3.1

%

250,835

 

3.6

%

General and administrative expenses, net of asset dispositions

142,662

 

1.7

%

131,654

 

1.9

%

Insurance and claims

114,792

 

1.3

%

98,672

 

1.4

%

Operating taxes and licenses

43,488

 

0.5

%

40,575

 

0.6

%

Communication and utilities

26,264

 

0.3

%

24,710

 

0.4

%

Total operating expenses

7,948,304

 

91.7

%

6,393,494

 

92.7

%

Operating income

723,027

 

8.3

%

505,427

 

7.3

%

Net interest expense

36,061

 

0.4

%

36,749

 

0.5

%

Earnings before income taxes

686,966

 

7.9

%

468,678

 

6.8

%

Income taxes

168,369

 

1.9

%

116,650

 

1.7

%

Net earnings $

518,597

 

6.0

%

$

352,028

 

5.1

%

Average diluted shares outstanding

106,688

 

106,776

 

Diluted earnings per share $

4.86

 

$

3.30

 

 
 
 
Financial Information By Segment
(in thousands)
(unaudited)
 
 
Three Months Ended September 30

2021

2020

% Of % Of
Amount Total Amount Total
 
Revenue
 
Intermodal $

1,412,806

 

45

%

$

1,211,183

 

49

%

Dedicated

664,766

 

21

%

552,948

 

22

%

Integrated Capacity Solutions

666,217

 

21

%

431,144

 

18

%

Final Mile Services

205,908

 

7

%

182,091

 

7

%

Truckload

203,607

 

6

%

109,113

 

5

%

Subtotal

3,153,304

 

100

%

2,486,479

 

101

%

Intersegment eliminations

(8,492

)

(0

%)

(13,956

)

(1

%)

Consolidated revenue $

3,144,812

 

100

%

$

2,472,523

 

100

%

 
 
Operating income
 
Intermodal $

165,095

 

60

%

$

108,412

 

62

%

Dedicated

78,138

 

29

%

80,431

 

46

%

Integrated Capacity Solutions

14,748

 

5

%

(18,304

)

(11

%)

Final Mile Services

1,278

 

1

%

2,090

 

1

%

Truckload

14,664

 

5

%

2,948

 

2

%

Other (1)

(94

)

(0

%)

(74

)

(0

%)

Operating income $

273,829

 

100

%

$

175,503

 

100

%

 
 
 
 
 
Nine Months Ended September 30

2021

2020

% Of % Of
Amount Total Amount Total
Revenue
 
Intermodal $

3,879,338

 

45

%

$

3,426,008

 

50

%

Dedicated

1,865,903

 

21

%

1,627,852

 

24

%

Integrated Capacity Solutions

1,798,778

 

21

%

1,070,905

 

15

%

Final Mile Services

620,056

 

7

%

475,270

 

7

%

Truckload

536,772

 

6

%

322,336

 

4

%

Subtotal

8,700,847

 

100

%

6,922,371

 

100

%

Intersegment eliminations

(29,516

)

(0

%)

(23,450

)

(0

%)

Consolidated revenue $

8,671,331

 

100

%

$

6,898,921

 

100

%

 
 
Operating income
 
Intermodal $

407,203

 

56

%

$

317,652

 

63

%

Dedicated

231,487

 

32

%

236,423

 

47

%

Integrated Capacity Solutions

25,134

 

3

%

(50,274

)

(10

%)

Final Mile Services

20,467

 

3

%

(6,459

)

(1

%)

Truckload

39,033

 

6

%

8,207

 

1

%

Other (1)

(297

)

(0

%)

(122

)

(0

%)

Operating income $

723,027

 

100

%

$

505,427

 

100

%

 
 
(1) Includes corporate support activity
 
 
Operating Statistics by Segment
(unaudited)
 
Three Months Ended September 30

2021

2020

 
Intermodal
 
Loads

497,603

529,709

Average length of haul

1,677

1,695

Revenue per load $

2,839

$

2,287

Average tractors during the period *

5,956

5,546

Tractors (end of period) *

6,017

5,647

Trailing equipment (end of period)

102,230

97,439

Average effective trailing equipment usage

99,453

94,846

 
 
Dedicated
 
Loads

1,027,705

940,225

Average length of haul

161

157

Revenue per truck per week** $

4,692

$

4,372

Average trucks during the period***

10,887

9,697

Trucks (end of period) ***

11,250

9,723

Trailing equipment (end of period)

27,804

27,376

 
 
Integrated Capacity Solutions
 
Loads

339,867

326,563

Revenue per load $

1,960

$

1,320

Gross profit margin

12.0%

7.6%

Employee count (end of period)

954

1,037

Approximate number of third-party carriers (end of period)

126,700

94,200

Marketplace for J.B. Hunt 360 revenue (millions) $

397.4

$

291.2

 
 
Final Mile Services
 
Stops

1,554,485

1,604,694

Average trucks during the period***

1,512

1,448

 
 
Truckload
 
Loads

110,430

98,505

Loaded miles (000)

55,103

40,599

Nonpaid empty mile percentage

19.6%

19.2%

Revenue per tractor per week** $

4,715

$

3,849

Average tractors during the period *

1,921

1,783

 
Tractors (end of period)
Company-owned

750

800

Independent contractor

1,215

913

Total tractors

1,965

1,713

 
Trailers (end of period)

9,906

8,245

 
 
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks
 
Operating Statistics by Segment
(unaudited)
 
Nine Months Ended September 30

2021

2020

 
Intermodal
 
Loads

1,475,570

1,494,485

Average length of haul

1,681

1,683

Revenue per load $

2,629

$

2,292

Average tractors during the period *

5,818

5,484

Tractors (end of period) *

6,017

5,647

Trailing equipment (end of period)

102,230

97,439

Average effective trailing equipment usage

97,422

88,262

 
 
Dedicated
 
Loads

2,966,575

2,726,455

Average length of haul

161

160

Revenue per truck per week** $

4,662

$

4,316

Average trucks during the period***

10,357

9,713

Trucks (end of period) ***

11,250

9,723

Trailing equipment (end of period)

27,804

27,376

 
 
Integrated Capacity Solutions
 
Loads

962,359

896,709

Revenue per load $

1,869

$

1,194

Gross profit margin

11.6%

9.4%

Employee count (end of period)

954

1,037

Approximate number of third-party carriers (end of period)

126,700

94,200

Marketplace for J.B. Hunt 360 revenue (millions) $

1,152.4

$

755.1

 
 
Final Mile Services
 
Stops

4,963,472

3,922,318

Average trucks during the period***

1,505

1,362

 
 
Truckload
 
Loads

322,030

299,297

Loaded miles (000)

154,083

125,718

Nonpaid empty mile percentage

19.2%

18.9%

Revenue per tractor per week** $

4,567

$

3,844

Average tractors during the period*

1,809

1,859

 
Tractors (end of period)
Company-owned

750

800

Independent contractor

1,215

913

Total tractors

1,965

1,713

 
Trailers (end of period)

9,906

8,245

 
 
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks
 
J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
 
September 30, 2021 December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents $

529,595

$

313,302

Accounts Receivable, net

1,442,948

1,124,403

Prepaid expenses and other

292,604

404,412

Total current assets

2,265,147

1,842,117

Property and equipment

6,350,141

5,908,710

Less accumulated depreciation

2,495,557

2,219,816

Net property and equipment

3,854,584

3,688,894

Other assets, net

393,459

397,337

$

6,513,190

$

5,928,348

 
 
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt $

354,755

$

-

Trade accounts payable

749,071

587,510

Claims accruals

288,137

276,056

Accrued payroll

163,940

130,943

Other accrued expenses

88,724

90,294

Total current liabilities

1,644,627

1,084,803

 
Long-term debt

944,887

1,305,424

Other long-term liabilities

270,860

245,961

Deferred income taxes

730,588

692,022

Stockholders' equity

2,922,228

2,600,138

$

6,513,190

$

5,928,348

 
 
 
Supplemental Data
(unaudited)
 
September 30, 2021 December 31, 2020
 
Actual shares outstanding at end of period (000)

105,014

105,654

 
Book value per actual share outstanding at end of period $

27.83

$

24.61

 
 
 
Nine Months Ended September 30

2021

2020

 
Net cash provided by operating activities (000) $

969,849

$

910,994

 
Net capital expenditures (000) $

511,075

$

448,721

 


Contacts

Brad Delco
Vice President – Finance & Investor Relations
(479) 820-2723

Order includes 2 APM® 75T HE electric harbor tractors to be used in the Freetown Terminal in Sierra Leone

This 3rd order from Bolloré Ports, which is part of its unprecedented Green Terminal environmental labeling process for its 18 container and roll-on/roll-off terminals, confirms the success of the partnership with Gaussin. It includes the supply of 4 POWERPACK® HE and a 6x4 multi-charge station.

HÉRICOURT, France--(BUSINESS WIRE)--GAUSSIN (EURONEXT GROWTH: ALGAU - FR0013495298), a pioneer of clean and smart freight transport, announces a new order from Bolloré Ports for 2 APM® 75T HE electric port tractors, 4 POWERPACK® HE and a 6x4 multi-load station for the Freetown port terminal in Sierra Leone.


"We are honored by the confidence Bolloré Ports continues to have in Gaussin’s expertise and technology. This new order, the third one from Bolloré Ports, also attests to the commercial success of the APM® 75T equipped with batteries from Blue Solutions, the model now deployed in Africa, the Middle East, Australia and New Zealand. Gaussin and Bolloré Ports share the same commitment to carbon-free port logistics and our Group is proud to continue to support Bolloré Ports in its goals,” said Christophe Gaussin, CEO of the GAUSSIN Group.

"Gaussin's technology is fully in line with our groundbreaking Green Terminal process, which aims to significantly reduce our carbon footprint. It was therefore a natural decision to continue our collaboration with Gaussin through this new order. The success of this French partnership is also proof that pooling skills to fight against the effects of global warming can lead to concrete actions to effectively and sustainably fight against global warming while improving operational performance," said Philippe Labonne, CEO of Bolloré Ports.

Successful partnership between Gaussin and Bolloré Ports

The APM® 75T HE was developed as a result of the combination of Gaussin's expertise in the production of handling vehicles, Blue Solutions' expertise in the production of electric batteries and Bolloré Ports' expertise in port logistics.

This innovative partnership has led to the development of eco-responsible electric logistics and mobility solutions that are ideal for extreme environments, from the tropics to the desert, where heat alters sensitive components, particularly batteries. The APM® 75T HE is the first container transport solution designed specifically for hot countries, thanks to its unique solid-state battery technology, which is reliable at external temperatures ranging from -20°C to +60°C.

Designed on the basis of a modular and versatile platform, the APM® is the only electric port vehicle on the market capable of operating without interruption due to Gaussin’s patented "battery swap" system that allows the batteries to be changed in just a few minutes.

This "FULL ELEC" model has many other advantages. Not only does it allow for significant energy savings and contribute to a totally carbon-free port logistics, but it also reduces maintenance costs. By putting an end to the noise pollution of traditional vehicles, the "FULL ELEC" model reinforces productivity, safety and driving comfort.

The LMP® battery: an electric battery technology adapted to extreme conditions

The LMP® battery is an entirely solid-state technology, designed and produced by Blue Solutions, a subsidiary of the Bolloré Group. Fully produced in France, it is distinguished by its high energy density and safety of use. The solid electrolyte gives it a very high level of safety with no risk of thermal runaway. It is particularly well suited to extreme weather conditions and to the demanding productivity of heavy handling vehicles.

LMP® batteries do not contain cobalt, nickel, solvents or rare earth elements, ensuring independence from materials that are increasingly critical to society and the environment and thus providing real competitive advantages in today's market.

Freetown Terminal

The Freetown Terminal, with a capacity of 380,000 TEUs, is the main container terminal in Sierra Leone and the most important gateway for trade and commerce in the country.

Bolloré Ports, which employs several hundred people at the terminal, has recently undertaken a series of improvements, including the integration of modern, adapted and environmentally friendly handling equipment.

The objective of Bolloré Ports is to bring the productivity of these port infrastructures in Sierra Leone up to the level of the best ports on the African continent in the very short term.

Bolloré Ports' Green Terminal

The "Green Terminal" labeling process was initiated by Bolloré Ports and launched in 2021 with the objective of contributing to the reduction of the carbon footprint of its activities. It is based on a comprehensive methodology covering all environmental concerns through 8 fundamental pillars. The entire process, from project definition to auditing, has been validated by Bureau Veritas, one of the world's leading testing, inspection and certification companies. Their experts will be responsible for supporting Bolloré Ports throughout the year in deploying the label in its network and for carrying out audits to assess the environmental performance of its port terminals with a view to issuing a certificate of compliance.

More information in the press kit: https://www.bollore-ports.com/fileadmin/user_upload/BTLC_2104088_DP-Green_Terminal-A4_24P_ENGrev.pdf

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2019, the group won the World Autonomous Vehicle Transport Competition "Category leader" - "Better energy and environmental sustainability”.

GAUSSIN has been listed on Euronext Growth in Paris since 2010 (EURONEXT GROWTH - FR0013495298). More information on www.gaussin.com.

About Bolloré Ports

Bolloré Ports has recognized expertise in the management of container terminals, conventional handling and the shipping agent business. Operator of 21 port concessions around the world with a strong African footprint, Bolloré Ports has participated in the development of port infrastructure on the continent with more than €3.5 billion invested over the past ten years. Bolloré Ports has also developed a network of shipping agencies that handle more than 7,000 calls each year on behalf of shipowners. Bolloré Ports' experience in emerging countries has enabled it to develop in Asia (Timor, India) and America (Haiti).

About Blue Solutions

Blue Solutions is the company that brings together the electricity storage activities developed by the Bolloré Group. By diversifying its historical activity as a producer of paper and ultra-fine plastic films, the Bolloré Group has become a producer of complete electrical components for capacitors, and now holds more than a third of the world market. From this expertise and after more than 20 years of R&D, the Group has developed batteries and electricity storage solutions based on a unique technology, the LMP® (Lithium Metal Polymer) battery. These all-solid batteries are used in mobile applications (car-sharing, buses, cars), but also in stationary applications (electricity storage for businesses, local authorities, etc.), developed and marketed by other Group entities within Blue Applications, which has been expanding rapidly on all continents since 2011.

For more information: www.blue-solutions.com

More information on www.gaussin.com

* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of GAUSSIN and is based on analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. GAUSSIN draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which GAUSSIN operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of GAUSSIN , its performance and trends in the sector in which GAUSSIN operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company’s future performance or prospects. GAUSSIN is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.


Contacts

GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45

LHA Investor Relations – USA
Jody Burfening, This email address is being protected from spambots. You need JavaScript enabled to view it.
(212) 838-3777

Ulysse Communication
Nicolas Daniels, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.63.66.59.22

Charles Courbet, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.28.93.03.06

RooneyPartners - USA
Jeanene Timberlake, This email address is being protected from spambots. You need JavaScript enabled to view it.
(646) 770-8858

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of BTM Engineering, Inc. (“BTM”), a diversified professional services firm based in Louisville, Kentucky. Established in 1980, BTM offers a variety of services including civil and structural engineering, planning, land survey and 3-D scanning, landscape architecture, and cellular infrastructure design.


“The acquisition of BTM is an important next step in our growth plan,” said Gary Bowman, CEO of Bowman. “Mike and his team have built a business with a loyal base of repeat customers that provides a solid foundation on which to grow. The skillset of their experienced professional staff aligns well with the services we offer to our customers nationally, providing considerable opportunities for immediate cross selling and work-sharing.”

“We are all pleased to be joining Bowman,” said Michael Smith, President of BTM. “We are confident that this acquisition will be beneficial to everyone. BTM has a special connection with the Louisville market and our leadership believes Bowman is the right company to entrust our customers and our legacy with moving forward. We all look forward to becoming part of the Bowman team.”

The acquisition, which the Company expects to initially contribute approximately $3.0 million of annual net service billing and be immediately accretive, was financed with a combination of cash, seller financing, and stock.

“This is the third in a series of acquisitions and is the final one that we expect to close prior to our upcoming third quarter earnings call in November,” said Bruce Labovitz, Bowman’s CFO. “The economics of this acquisition are attractive relative to our communicated goals and objectives for M&A. We look forward to providing more detailed information on this transaction and our pipeline of acquisition opportunities in connection with our upcoming quarterly conference call.”

About BTM Engineering, Inc.

BTM Engineering, Inc. was founded in 1980 as Daugherty & Trautwein, Inc. and has continuously served the Louisville, Kentucky region with diverse development and engineering services. The firm has played a significant role in several large-scale projects. The professional staff includes civil, structural, transportation and telecommunications engineers, land surveyors, landscape architects and land planning and zoning specialists. The BTM team is committed to providing clients with high quality design services that result in cost effective, buildable projects. More information on BTM Engineering can be found at www.btmeng.com.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering innovative infrastructure solutions to customers who own, develop, and maintain the built environment. With 850 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.


Contacts

Investor Relations
Bruce Labovitz
This email address is being protected from spambots. You need JavaScript enabled to view it.
(703) 787-3403

Megan McGrath
This email address is being protected from spambots. You need JavaScript enabled to view it.
(310) 622-8248

SUNNYVALE, Calif.--(BUSINESS WIRE)--#FSM--KloudGin, the leading provider of AI cloud-based field service and asset management solutions, announced the company has been selected by Philadelphia Gas Works (PGW) to digitally modernize the data collection of the various operational and regulatory readings for processes at its Richmond and Passyunk gas processing facilities in the City.


KloudGin’s single-cloud application, running on AWS, is designed to help PGW reduce manual data collection and entry, create real-time compliance reporting, and increase service efficiency.

The two PGW facilities process, store, and distribute natural gas to homes and businesses. Plant operators analyze readings every hour from a variety of systems, 24/7 - including temperature, volume, and flow. PGW sought to create efficiencies and streamline their manual, paper-based data capture processes, and have selected a KloudGin solution. The project’s implementation support is being provided by Utility Solutions Partners (USP).

With KloudGin’s solution, PGW workers will carry a mobile tablet, which includes a KloudGin Survey with specific field-focused questions that can be answered offline or online. PGW technicians will conduct equipment evaluations and utilize the Survey’s digital walk-through for inputting data and completing assessments. When workers are offline and then enter a Wi-Fi enabled area, the data will then sync. The KloudGin system will then present the data in dashboards, for review by PGW supervisors in real time. The process is designed to provide fast digital efficiency.

“PGW is digitizing their complex, mission critical processes to get the right info collected at the right time to make the right decisions, maximizing reliability and asset uptime,” said Vikram Takru, KloudGin Co-founder and CEO. “PGW wanted digital transformation mobility - both offline and online - for a rugged, easy-to-use, field-worker-first modern application. As utilities transform to more efficient digital management of asset and customer service work, they will begin to utilize modern cloud, mobile, AI/ML, field service, work and asset management solutions built from the ground up.”

The new KloudGin digital capture capabilities provide PGW with:

  • Elimination of paper forms - created by technicians on three daily shifts - that had to be reviewed, approved, and re-keyed at the end of each day.
  • A digital approval system for the data that’s verified by supervisors.
  • Digitally archived data that can easily be sourced for regulatory compliance reporting or review.
  • A flexible system where existing forms can be reviewed, and new forms can be added.
  • Dashboards with historical and current readings.
  • Greater data accuracy about equipment and services.

Ultimately, the digital system will help PGW continue to deliver outstanding service to its 500,000 customers in Philadelphia.

About Philadelphia Gas Works

Founded in 1836, Philadelphia Gas Works (PGW) is owned by the City of Philadelphia and is the largest municipally owned gas utility in the country. It manages a distribution system of approximately 6,000 miles of gas mains and service pipes supplying approximately 500,000 customers. PGW’s operations are managed by a nonprofit corporation, the Philadelphia Facilities Management Corporation (PFMC). More information about the company is available at www.pgworks.com.

About Utility Solutions Partners

Utility Solutions Partners (USP) is a professional and technical services company solely focused on providing implementation, integration, and support services for Utilities. USP offers full life-cycle services to water, wastewater, electric, gas, and solid waste utilities. Contact USP at www.utilitysolutionsllc.com.

About KloudGin, Inc.

KloudGin is the only SaaS one-cloud industry-focused mobile field service, work and asset management solution that eliminates silos, automates work management processes, enables customer self-service, and increases worker productivity. Visit www.kloudgin.com.


Contacts

Miguel Adao
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 858-692-7481

Integrated solutions to accelerate development of Turkey’s largest gas reserve

HOUSTON--(BUSINESS WIRE)--Regulatory News:


Schlumberger announced today a significant contract award by Turkish Petroleum (TP) for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. The contract is awarded to Schlumberger and Subsea 7, as part of a consortium.

The integrated project scope will cover subsurface solutions to onshore production, including well completions, subsea production systems (SPS), subsea umbilicals, risers, flowlines (SURF), and an early production facility (EPF).

Schlumberger will deliver the well completions scope and the design, construction, and commissioning of the early production facility capable of handling up to 350 MMscfd of gas. The SPS and SURF scope will be delivered by OneSubsea®, the subsea technologies, production, and processing systems division of Schlumberger, and Subsea 7.

“Schlumberger is uniquely positioned to integrate solutions from the subsurface to the processing facility, and deliver pipeline-ready gas,” said Donald Ross, president, Production Systems, Schlumberger. “This end-to-end production solutions contract award demonstrates the confidence placed in our ability to accelerate discovery to first gas and enhance value creation for TP in the Sakarya offshore gas field. Through open collaboration and by leveraging innovative production solutions, Schlumberger will drive local content value creation and remains committed to supporting Turkey’s energy sector.”

The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, certain technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from the strategies, initiatives or partnerships of Schlumberger and Subsea 7; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in these forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.


Contacts

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
This email address is being protected from spambots. You need JavaScript enabled to view it.

Looking to Add 300 People to Its Florida Area Team

BOCA RATON, Fla.--(BUSINESS WIRE)--#Floridajobcreation--Waste Management, the largest environmental services provider in North America, has nearly 5,000 team members in Florida, and is looking to hire 300 more.


The company is recruiting a variety of positions including CDL Drivers, Diesel Mechanics and Recycling Sorters and is offering signing bonuses, increased wages, and enhanced benefits in most job categories.

“We have continued to provide an essential service to our customers and communities in Florida throughout the COVID-19 pandemic, and we’ve invested in our team members as part of our sustainability focus,” said Florida Area Director of Communications Dawn McCormick. “This includes our recently announced Your Tomorrow educational benefit that pays for team members’ higher education and upskilling opportunities that will extend to their spouses and children in 2022.”

In its just released 2021 Sustainability Report, WM highlighted progress towards its sustainability goals around its people, customers, communities, and the environment including key investments made to further the company’s sustainability agenda.

Highlights from the WM 2021 Sustainability Report include how WM:

  • Invested $100 million in new recycling infrastructure technology in 2020 and operates three Material Recovery Facilities to process recycling for its Florida customers in Tampa, Cocoa, and Pembroke Pines.
  • Continues to make strides in fleet emissions reduction, lowering its absolute greenhouse gas (GHG) emissions by 16 percent in 2020.
  • Utilizes 1,335 collection trucks powered by clean burning Compressed Natural Gas in Florida, or 56% of its fleet.

Visit WM’s sustainability website at https://sustainability.wm.com/ for the full report and to learn more about how the company is always working for a sustainable tomorrow.

ABOUT WASTE MANAGEMENT

WM (Waste Management) is the leading provider of comprehensive environmental services in North America. Through its subsidiaries, WM provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator, and owner of landfill gas-to-energy facilities in the United States. To learn more information about WM, please visit wm.com.


Contacts

Dawn McCormick
This email address is being protected from spambots. You need JavaScript enabled to view it.
954-226-9894

Integrated solutions to accelerate development of Turkey’s largest gas reserve

HOUSTON--(BUSINESS WIRE)--Schlumberger announced today a significant contract award by Turkish Petroleum (TP) for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. The contract is awarded to Schlumberger and Subsea 7, as part of a consortium.


The integrated project scope will cover subsurface solutions to onshore production, including well completions, subsea production systems (SPS), subsea umbilicals, risers, flowlines (SURF), and an early production facility (EPF).

Schlumberger will deliver the well completions scope and the design, construction, and commissioning of the early production facility capable of handling up to 350 MMscfd of gas. The SPS and SURF scope will be delivered by OneSubsea®, the subsea technologies, production, and processing systems division of Schlumberger, and Subsea 7.

“Schlumberger is uniquely positioned to integrate solutions from the subsurface to the processing facility, and deliver pipeline-ready gas,” said Donald Ross, president, Production Systems, Schlumberger. “This end-to-end production solutions contract award demonstrates the confidence placed in our ability to accelerate discovery to first gas and enhance value creation for TP in the Sakarya offshore gas field. Through open collaboration and by leveraging innovative production solutions, Schlumberger will drive local content value creation and remains committed to supporting Turkey’s energy sector.”

The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, certain technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from the strategies, initiatives or partnerships of Schlumberger and Subsea 7; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in these forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.


Contacts

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its third quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, November 3, 2021.

A conference call is scheduled for Thursday, November 4, 2021, at 9:00 a.m. Central Time to discuss the third quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 667-5617 confirmation code 5853688 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through November 30, 2021. To register and access the audio replay, click here and enter confirmation code 5853688.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.


Contacts

Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770

Media and Public Affairs
Tadd Owens – 972-969-5760

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