17 Sept 2020director interest notice● Neutral
Sp Common Equity Subsidiary LLC became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Sept 2020director interest notice● Neutral
Sp Common Equity Subsidiary LLC became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
17 Sept 2020director interest notice● Neutral
Michael Bricker became a Evolve Transition Infrastructure LP company insider (initial ownership filing).
17 Sept 2020director interest notice● Neutral
Steven E. Meisel became a Evolve Transition Infrastructure LP company insider (initial ownership filing).
17 Sept 2020substantial holder notice● Neutral
SP COMMON EQUITY SUBSIDIARY LLC, SP COMMON EQUITY LLC, ANTONIO R. SANCHEZ, III, ANTONIO R. SANCHEZ, JR, PATRICIO D. SANCHEZ, EDUARDO A. SANCHEZ disclosed a new substantial Evolve Transition Infrastructure LP shareholding (23.30% of votes).
9 Sept 2020director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC bought 4,650,439 shares on the open market at $0.00.
9 Sept 2020substantial holder notice● Neutral
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.
9 Sept 2020director officer appointment● NeutralMajor
As Sanchez Oil & Gas wound down its role, the partnership took a licence over the seismic and geological data it had been relying on, and reshaped its board and governing documents. The Sanchez family's grip was being unwound; Stonepeak's was tightening.
4 Sept 2020substantial holder notice● Neutral
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 2,718,655 shares (12.20% of votes) in a periodic institutional filing.
24 Aug 2020director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received 1,105,286 shares as part of the equity award.
12 Aug 2020quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $11.3 million and a net loss of $22.6 million for the period ended 2020-06-30.
7 July 2020material agreement▲ GoodMajor
The settlement with the Sanchez bankruptcy estate was completed, preserving the gathering arrangements in amended form. The partnership kept its revenue, but its customer emerged as a different, smaller company under new owners.
30 June 2020listing compliance notice● Neutral
The exchange accepted the partnership's plan to regain compliance, giving it until 2021 to rebuild its equity - a stay of execution rather than a fix.
18 June 2020material agreement▼ BadMajor
The bankruptcy settlement was amended a week later as the terms were negotiated further - the partnership had very little leverage in these talks.
11 June 2020material agreement▼ BadMajor
The partnership settled with Sanchez Energy's bankruptcy estate over the gathering contracts that are its entire business - the fifteen-year Catarina agreement signed in 2015 could otherwise have been rejected in the Chapter 11 and left the partnership with pipelines and no volumes. The single most dangerous moment in its history.
22 May 2020director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received 1,071,793 shares as part of the equity award.
11 May 2020quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $20.8 million and a net loss of $41.3 million for the period ended 2020-03-31.
9 Apr 2020director interest notice● Neutral
Evolve Transition Infrastructure LP Chief Accounting Officer Kirsten A Hink had 973 shares withheld for taxes on vesting stock.
9 Apr 2020director interest notice● Neutral
Evolve Transition Infrastructure LP Chief Executive Officer Gerald F Willinger had 3,431 shares withheld for taxes on vesting stock.
9 Apr 2020director interest notice● Neutral
Evolve Transition Infrastructure LP CFO & Secretary Charles C Ward had 2,021 shares withheld for taxes on vesting stock.
8 Apr 2020listing compliance notice▼ BadMajor
NYSE American warned the partnership it was below the listing standards, having reported partners' capital under $2 million at the end of 2019 alongside continuing losses. Its accumulated equity had been wiped out by impairments and by the preferred sitting above it.
13 Feb 2020substantial holder notice● Neutral
Invesco Ltd disclosed a new substantial Evolve Transition Infrastructure LP shareholding (8.80% of votes).
25 Nov 2019debt financing▼ BadMajor
With its main customer in Chapter 11, the partnership pushed its credit facility maturity out to September 2021 and cut the commitment to $20 million. A facility that small is no longer a growth tool; it is working capital for a business waiting to find out whether it still has a counterparty.
12 Nov 2019quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $20.9 million and a net loss of $6.8 million for the period ended 2019-09-30.
12 Nov 2019quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $20.9 million and a net loss of $6.8 million for the period ended 2019-09-30.
9 Aug 2019substantial holder notice● Neutral
Eduardo A. Sanchez disclosed a new substantial Evolve Transition Infrastructure LP shareholding (5.68% of votes).
8 Aug 2019quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $21.9 million and net income of $3.9 million for the period ended 2019-06-30.
8 Aug 2019quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $21.9 million and net income of $3.9 million for the period ended 2019-06-30.
7 Aug 2019securities registration● Neutral
Evolve Transition Infrastructure LP filed notice of an exempt private placement.
6 Aug 2019substantial holder notice● Neutral
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 2,312,100 shares (11.40% of votes) in a periodic institutional filing.