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Evolve Transition Infrastructure LP

US:SNMPD
No current share price held for this company.

Past year: ▲ 12953%(0.21c – 7.65 USD)

Market cap
—
Shares on issue
—
Story beats
49 since 2008
Last event
29 Feb 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

4 May 2021listing compliance notice▼ BadMajor

Evolve sold the Palmetto wellbores - the assets it bought from Sanchez Energy for $85 million in 2015 - to Westhoff for about $11.5 million, and disclosed a further listing deficiency in the same filing. A six-year round trip from $85 million to $11.5 million.

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28 Apr 2021director interest notice● Neutral

Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger sold 207,974 shares.

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26 Apr 2021material agreement▲ Good

Evolve agreed to provide gas lift services to Mesquite Energy on the Piloncillo Ranch for a per-thousand-cubic-foot fee - a small extension of the relationship with its post-bankruptcy main customer.

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23 Apr 2021director interest notice● Neutral

Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger sold 10,152 shares.

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20 Apr 2021material agreement▼ Bad

Now renamed Evolve Transition Infrastructure, the partnership set up a $7 million market issuance programme with Virtu. The size tells the story: the equivalent facility in 2015 was $100 million.

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20 Apr 2021securities registration● Neutral

Evolve Transition Infrastructure LP filed a prospectus supplement for an offering off its existing shelf.

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24 Mar 2021director interest notice● Neutral

Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger sold 320,598 shares at $1.73.

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22 Mar 2021director interest notice● Neutral

Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger acquired 1,160,714 shares and disposed of 174,221 in a set of related equity transactions.

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22 Mar 2021director interest notice● Neutral

Evolve Transition Infrastructure LP CFO and Secretary Charles C Ward received 491,071 shares as part of the equity award.

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19 Mar 2021securities registration● Neutral

Evolve Transition Infrastructure LP registered a securities offering with the SEC using its shelf eligibility.

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2 Mar 2021director interest notice● Neutral

Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC disposed of 140,647 shares via option/appreciation-right settlement.

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1 Mar 2021director interest notice● Neutral

Evolve Transition Infrastructure LP insider Antonio R Sanchez III disposed of 140,647 shares via option/appreciation-right settlement.

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26 Feb 2021capital raising announcement▼ Bad

Stonepeak's warrant over junior securities was amended again. These amendments recur every few months from here on, each one extending or adjusting a claim that ultimately delivered Stonepeak control of the partnership.

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12 Feb 2021substantial holder notice● Neutral

Invesco Ltd reported a Evolve Transition Infrastructure LP shareholding of 1,747,546 shares (8.80% of votes) in a periodic institutional filing.

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5 Feb 2021substantial holder notice● Neutral

Gerald F. Willinger reported a Evolve Transition Infrastructure LP shareholding of 1,092,512 shares (2.00% of votes) in a periodic institutional filing.

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2 Feb 2021capital raising announcement▼ BadMajor

A single quarter's preferred distribution to Stonepeak was paid by issuing 22.3 million new common units instead of cash or more preferred. Issuing tens of millions of units to settle one quarter's obligation is what it looks like when preferred capital eats the equity beneath it.

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1 Feb 2021director interest notice● Neutral

Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received 34,720,360 shares as part of the equity award.

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1 Feb 2021substantial holder notice● Neutral

SP COMMON EQUITY SUBSIDIARY LLC, STONEPEAK CATARINA HOLDINGS LLC, STONEPEAK TEXAS MIDSTREAM HOLDCO LLC, STONEPEAK CATARINA UPPER HOLDINGS LLC, STONEPEAK ASSOCIATES LLC, STONEPEAK GP HOLDINGS LP, STONEPEAK GP INVESTORS LLC, STONEPEAK GP INVESTORS MANAGER LLC, MICHAEL DORRELL reported a Evolve Transition Infrastructure LP shareholding of 45,947,272 shares (75.50% of votes) in a periodic institutional filing.

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30 Dec 2020material agreement▲ Good

The partnership settled a group of lawsuits involving Dimension Energy Services, Sunbelt, Sanchez Oil & Gas and Mesquite Energy - the renamed, post-bankruptcy Sanchez Energy - clearing litigation inherited from the Sanchez era.

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27 Nov 2020director interest notice● Neutral

Stonepeak Texas Midstream Holdco LLC became a Evolve Transition Infrastructure LP company insider (initial ownership filing).

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18 Nov 2020substantial holder notice● Neutral

SP COMMON EQUITY SUBSIDIARY LLC, STONEPEAK CATARINA HOLDINGS LLC, STONEPEAK TEXAS MIDSTREAM HOLDCO LLC, STONEPEAK CATARINA UPPER HOLDINGS LLC, STONEPEAK ASSOCIATES LLC, STONEPEAK GP HOLDINGS LP, STONEPEAK GP INVESTORS LLC, STONEPEAK GP INVESTORS MANAGER LLC, MICHAEL DORRELL, TRENT VICHIE reported a Evolve Transition Infrastructure LP shareholding of 7,369,094 shares (33.10% of votes) in a periodic institutional filing.

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16 Nov 2020quarterly activities report▼ Bad

Evolve Transition Infrastructure LP reported quarterly revenue of $10.7 million and a net loss of $24.6 million for the period ended 2020-09-30.

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9 Nov 2020debt financing▼ Bad

The credit facility was amended again, further reducing the commitment. The lenders were steadily shrinking their exposure rather than exiting.

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7 Oct 2020director interest notice● Neutral

Evolve Transition Infrastructure LP director Antonio R Sanchez III sold 140,647 shares at $0.00.

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6 Oct 2020substantial holder notice● Neutral

SP COMMON EQUITY LLC, ANTONIO R. SANCHEZ, III, ANTONIO R. SANCHEZ, JR, PATRICIO D. SANCHEZ, EDUARDO A. SANCHEZ reported a Evolve Transition Infrastructure LP shareholding of 63,126 shares (1.00% of votes) in a periodic institutional filing.

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6 Oct 2020substantial holder notice● Neutral

SP COMMON EQUITY SUBSIDIARY LLC, STONEPEAK CATARINA HOLDINGS LLC, STONEPEAK CATARINA UPPER HOLDINGS LLC, STONEPEAK ASSOCIATES LLC, STONEPEAK GP HOLDINGS LP, STONEPEAK GP INVESTORS LLC, STONEPEAK GP INVESTORS MANAGER LLC, MICHAEL DORRELL, TRENT VICHIE reported a Evolve Transition Infrastructure LP shareholding of 7,369,094 shares (33.10% of votes) in a periodic institutional filing.

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25 Sept 2020director interest notice● Neutral

Evolve Transition Infrastructure LP insider Eduardo Augusto Sanchez sold 1,114,040 shares at $0.00.

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25 Sept 2020director interest notice● Neutral

Evolve Transition Infrastructure LP director Antonio R Sanchez III acquired 35,320 shares and disposed of 1,204,375 in a set of related equity transactions.

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25 Sept 2020director interest notice● Neutral

Evolve Transition Infrastructure LP insider Patricio D. Sanchez sold 1,263,768 shares at $0.00.

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17 Sept 2020director interest notice● Neutral

John T Steen III became a Evolve Transition Infrastructure LP company insider (initial ownership filing).

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