19 Nov 2013capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q1 FY2014 financial statements required under its senior notes indentures.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $25.3 million for the period ended 2013-09-30.
29 Oct 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $25.3 million for the period ended 2013-09-30.
27 Sept 2013debt financing▲ GoodMajor
Energy XXI's credit facility borrowing base jumped again, to $1.0875 billion from $850 million, alongside minor technical adjustments to LIBOR loan mechanics.
26 Sept 2013debt financing▲ GoodMajor
Energy XXI Gulf Coast raised $500 million more via 7.50% senior unsecured notes due 2021 - its lowest coupon yet, extending its string of progressively cheaper refinancings.
27 Aug 2013capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine FY2013 annual financial statements required under its senior notes indentures.
20 Aug 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $62.1 million for the period ended 2013-06-30.
28 May 2013capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q3 FY2013 financial statements required under its senior notes indentures.
6 May 2013debt financing▲ Good
Energy XXI's lenders further loosened dividend rules, letting Gulf Coast pay up to $350 million a year up to its parent, subject to liquidity conditions and the separate $70 million-plus-50%-of-cumulative-net-income cap already set in its bond indentures.
6 May 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $40.4 million for the period ended 2013-03-31.
6 May 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $40.4 million for the period ended 2013-03-31.
10 Apr 2013debt financing▲ GoodMajor
Energy XXI hit a high-water mark on credit terms: total facility commitments rose to $1.7 billion, the borrowing base to $850 million, interest margins fell again, maturity was pushed out four years to April 2018, and the unsecured-debt basket tripled to $750 million - reflecting the company's peak financial strength before the industry's mid-2010s downturn.
12 Feb 2013substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial Energy XXI Ltd shareholding (5.87% of votes).
12 Feb 2013capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q2 FY2013 financial statements required under its senior notes indentures.
8 Feb 2013substantial holder notice● Neutral
BlackRock, Inc reported a Energy XXI Ltd shareholding of 6,117,922 shares (7.72% of votes) in a periodic institutional filing.
1 Feb 2013substantial holder notice● Neutral
S.A.C. Capital Advisors, L.P, S.A.C. Capital Advisors, Inc, S.A.C. Capital Associates, LLC, Steven A. Cohen disclosed a new substantial Energy XXI Ltd shareholding (5.10% of votes).
31 Jan 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $41.3 million for the period ended 2012-12-31.
31 Jan 2013quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $41.3 million for the period ended 2012-12-31.
15 Nov 2012capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q1 FY2013 financial statements required under its senior notes indentures.
7 Nov 2012quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $18.3 million for the period ended 2012-09-30.
7 Nov 2012quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $18.3 million for the period ended 2012-09-30.
15 Oct 2012debt financing▲ GoodMajor
Energy XXI's credit facility borrowing base was raised again, to $825 million, reflecting the growing value of its reserve base.
29 Aug 2012capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine FY2012 annual financial statements required under its senior notes indentures.
9 Aug 2012quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $81.2 million for the period ended 2012-06-30.
25 May 2012debt financing● Neutral
Energy XXI's lenders made technical updates to the credit agreement (replacing one lender, easing hedging-finance limits, and further loosening dividend rules) with no change to the borrowing base.
15 May 2012capital raising announcement● Neutral
Energy XXI filed its Gulf Coast subsidiary's routine Q3 FY2012 financial statements required under its senior notes indentures.
3 May 2012quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $91.3 million for the period ended 2012-03-31.
3 May 2012quarterly activities report● Neutral
Energy XXI Ltd reported a quarterly net income of $91.3 million for the period ended 2012-03-31.
9 Mar 2012capital raising announcement▲ Good
Energy XXI exchanged a further 29,692 shares of 5.625% preferred stock for about 292,000 common shares.
24 Feb 2012capital raising announcement▲ Good
Energy XXI exchanged another 104,288 shares of 5.625% preferred stock for about 1.03 million common shares, continuing the conversion program.