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PHX Energy Adds Net Capital Expenditures Expected to be Lower Than $80M After Accounting For Equipment Replacements and Disposition

PHX Energy Says Of the $80M Program, Approximately 60% Now Anticipated To Be Spent On Growth

Commodities48d ago

US Natural Gas Update: Futures Rise on Weather and Small Inventory Build Expectation

US natural gas futures maintained earlier gains in after-hours trading on Wednesday as forecasts turned warmer and traders positioned ahead of a government storage report expected to show a smaller-than-normal inventory build.The front-month Henry Hub contract and the continuous contract both rose 2.78% to $3.255 per million British thermal units.Weather forecasts provided the primary catalyst for gains. The Commodity Weather Group said US forecasts shifted hotter, with above-normal temperatures expected across the Mid-Atlantic, Midwest, and Interior West through Jun. 12, according to Barchart.The 1-15 day outlook added 5.6 degrees Fahrenheit to the Lower 48 forecast, keeping demand more firmly oriented toward cooling-season strength, Gelber & Associates said in a Wednesday note, adding that power-sector demand remains the clearest bullish driver as the market looks toward mid-June.Total lower-48 natural gas demand was estimated at 68.7 Bcf/d on Wednesday, down 0.6 Bcf/d from the previous day but up 1.5% from a year earlier. Celsius Energy said power burn late Wednesday reached 24.1 Bcf/d, up 0.5 Bcf/d from Tuesday.Longer-term support came from The Edison Electric Institute, which reported that US Lower-48 electricity generation rose 6.4% year over year to 81,619 gigawatt-hours in the week ended May 30. For the year ended May 30, power output increased 2.18% from a year earlier to 4.34 million GWh, it said.Market attention is now turning to Thursday's Energy Information Administration storage report. Gelber & Associates estimates a 95-Bcf injection for the week ended May 30, below both the 122-Bcf build recorded during the comparable week last year and the five-year average increase of 101 Bcf."A 95-Bcf injection would be materially tighter than both last year and the seasonal norm, but still large enough to remind the market that storage remains comfortable unless heat strengthens further or LNG demand rebounds more convincingly," the firm said.Other analyst estimates for the report are as high as 99 Bcf.Barchart, citing BNEF data, reported that Lower-48 dry gas production rose to 109.6 Bcf/d on Wednesday, up 0.5 Bcf/d from Tuesday and 3.2% higher than a year ago.Meanwhile, LNG gas export demand remained constrained by ongoing maintenance at export facilities. LNG feedgas flows totaled 17.0 Bcf/d on Wednesday, up 0.1 Bcf/d from the previous day but down 6.6% from a week earlier.

PHX Energy Board Approved Increase to 2026 Capital Expenditure Program to $80M, a $15M Increase From Prior Announced Program

Asia48d ago

Conrad Asia Energy CEO to Step Down

Conrad Asia Energy (ASX:CRD) said that Chief Executive Miltos Xynogalas will step down, effective Aug 31, according to an Australian bourse filing on Wednesday after market hours.Xynogalas will transition to an executive position focused on the company's Indonesian operations, business development, partner relations, and government engagement, per the filing.Peter Botten has been appointed executive chairman, overseeing capital markets, investor engagement, the Mako project through first gas, and Conrad's Aceh assets.The company will begin an immediate search for a new CEO, the filing added.

ASX:CRD

PHX Energy Announcing Increase to its 2026 Capital Expenditure Program

Transcontinental Q2 Profit Falls 5.9% as Revenue Declines; Maintains 2026 Outlook

Transcontinental (TCL-A.TO) on Wednesday reported a 5.9% year-over-year drop in its fiscal second-quarter profit as lower revenue, higher financial expenses and reduced adjusted operating earnings weighed on overall profitability.The company's adjusted profit, excluding most one-time items, dropped to $16 million, or $0.19 per share, in the quarter ended April 26, down from $17 million, or $0.20, in the year-prior quarter. This decrease is mainly due to the increase in financial expenses and the decline in adjusted operating earnings before depreciation and amortization, partially mitigated by lower adjusted income taxes.Revenue fell 5%, to $269.2 from $283.3 million. The company attributed the drop to "lower volume in our two sectors, partially mitigated by our recent acquisitions and, to a lesser extent, the favourable exchange rate effect".In its outlook, the company said that the closing of the sale of its Packaging business represents a "key milestone". "This transaction allows us to focus our resources on our growth strategy, in particular in in-store marketing and educational publishing activities.For fiscal year 2026, the company anticipates lower volume in its traditional activities, including book printing which experienced very high growth in fiscal year 2025. This decrease should be partially offset by growth in its in-store marketing activities, including the positive impact of acquisitions. At the consolidated level, following the positive impact of cost reduction initiatives, the company expects adjusted operating earnings before depreciation and amortization from continuing operations for fiscal year 2026 to remain stable compared to fiscal year 2025.The company also declared a quarterly dividend of $0.05 per share payable on July 20, 2026, to shareholders of record at the close of business on June 29."Thanks to the initiatives implemented to increase profitability, we are on track for an improved financial performance in the second half of fiscal year 2026 and to meet our outlook of stable adjusted operating earnings before depreciation and amortization from continuing operations for fiscal year 2026 compared to fiscal year 2025," said chief executive Sam Bendavid,The shares of the company closed down $0.08 to $5.22 on Toronto the Toronto Stock Exchange.

$TCL-A.TO

Workday Insider Sold Shares Worth $16,838,803, According to a Recent SEC Filing

David A Duffield, 10% Owner, on June 01, 2026, sold 107,500 shares in Workday (WDAY) for $16,838,803. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000027/xslF345X05/wk-form4_1780521120.xml

$WDAY

CTS Insider Sold Shares Worth $8,484,805, According to a Recent SEC Filing

Kieran M O'Sullivan, Director, President & CEO, on June 01, 2026, sold 130,000 shares in CTS (CTS) for $8,484,805. Following the Form 4 filing with the SEC, O'Sullivan has control over a total of 307,693 common shares of the company, with 307,693 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/26058/000002605826000028/xslF345X05/form4.xml

$CTS

Commodities48d ago

OPAL Fuels, GFL Advance 2 RNG Projects

Opal Fuels (OPAL) and GFL Environmental (GFL) are advancing two renewable natural gas projects in Alabama and Georgia with a combined design capacity of almost 2 trillion British thermal units, the companies said Wednesday.The partners are building the facilities at the Stones Throw Landfill in Alabama's Tallapoosa County and the Grady Road Landfill in Georgia's Polk County, with each company holding a 50% ownership stake.Under the agreement, Opal Fuels will market and distribute all renewable natural gas produced by the facilities through its expanding compressed natural gas and renewable natural gas fueling network, the companies said.Once operational, the projects are expected to supply enough fuel for about 800 Class 8 heavy-duty trucks, providing a lower-cost alternative to diesel while eliminating Scope 1 and Scope 2 emissions from fuel use.The companies said rising diesel price volatility, improving regulatory certainty for combustion engines and the rollout of next-generation natural gas engines are encouraging more trucking fleets to switch fuels."Bringing new RNG production online amid accelerating fleet demand reinforces the strength of our vertically integrated model," Jonathan Maurer, co-chief executive officer of Opal Fuels, said, adding that the projects support long-term revenue growth, margin expansion and shareholder returns.The facilities will use established technology to capture methane produced from decomposing organic waste at both landfills and convert it into renewable natural gas for use as a lower-carbon transportation fuel, the companies said.

$GFL$OPAL

Sherritt Seeking a Revocation of Failure-to-File Cease Trade Order Issued By the Corporation's Principal Regulator on May 21, 2026

$S.TO

Sherritt Int'l Appoints Fitzroy Richardson as Interim Chief Financial Officer, Effective Immediately

$S.TO

Transcontinental Q2 Adjusted Net Earnings From Continuing Ops of $16.0M or $0.19 Per Share

$TCL-A.TO

Spotify Technology Insider Sold Shares Worth $2,708,586, According to a Recent SEC Filing

Alex Norstrom, Director, Co-Chief Executive Officer, on June 01, 2026, sold 5,436 shares in Spotify Technology (SPOT) for $2,708,586. Following the Form 4 filing with the SEC, Norstrom has control over a total of 68,390 ordinary shares of the company, with 68,390 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1639920/000162828026040495/xslF345X05/wk-form4_1780520652.xml

$SPOT

Wire48d ago

W. R. Berkley Declares Special Dividend, Raises Share Repurchase Authorization

W. R. Berkley (WRB) said Wednesday its board has increased the share repurchase authorization back to its prior level of 25 million shares of common stock.Repurchases may be made in the open market or in privately negotiated transactions, the company said.The company declared a special cash dividend on its common stock of $0.50 per share and also increased its regular quarterly dividend to $0.10 from $0.09, both payable July 2 to stockholders of record on June 23.

$WRB

Circle Internet Group Insider Sold Shares Worth $3,750,986, According to a Recent SEC Filing

Patrick Sean Neville, Director, on June 01, 2026, sold 35,000 shares in Circle Internet Group (CRCL) for $3,750,986. Following the Form 4 filing with the SEC, Neville has control over a total of 35,586 Class A common shares of the company, with 2,018 shares held directly and 33,568 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1876042/000187604226000179/xslF345X05/wk-form4_1780520662.xml

$CRCL

Transcontinental Declares Quarterly dividend of $0.05 Per Share; Nationwide Rollout of raddar Planned For Week of June 15, 2026

$TCL-A.TO

D-BOX Signs First Agreement with B&B Theatres for Premium Cinema Experience at Liberty Township In Ohio

$DBO.TO