Frontline (FRO.OL) agreed to sell two Very Large Crude Carrier, or VLCC, vessels for $270 million.
The oil tanker company said in a Tuesday release that the sale is expected to result in net cash proceeds of $179 million. The 2017-built vessels are expected to be delivered to the buyer in the third quarter.
The sale remains subject to customary closing conditions.
Constellation Oil Services (COSH.OL) settled its offering of $650 million senior secured bond due 2033, according to a Monday release.The bond carries an annual fixed coupon of 7.700%, payable semi-annually, and will be listed on the Singapore Exchange.The offshore drilling company will use the net proceeds to fully pay its outstanding $650 million of 9.375% senior secured notes due 2029. Redemption of the existing bonds is anticipated on Tuesday.
Atlas Energy Solutions (AESI) reported Q2 loss late Monday of $0.20 per diluted share, wider from $0.04 loss a year earlier.Analysts polled by FactSet expected a loss of $0.15.Revenue for the quarter ended June 30 was $293.2 million, compared with $288.7 million a year earlier.Analysts expected $284.1 million.
Gulfport Energy (GPOR) reported Q2 earnings late Monday of $4.85 per diluted share, down from $9.12 a year earlier.Analysts polled by FactSet expected $3.91.Revenue in the three months ended June 30 fell to $323.2 million from $447.6 million a year earlier.Analysts expected $303.8 million.