14 Feb 2017director interest notice● Neutral
Evolve Transition Infrastructure LP insider Stonepeak Catarina Holdings LLC received a stock option grant for 1,704,446 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2017substantial holder notice● Neutral
Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, Alyeska Fund, Anand Parekh disclosed a new substantial Evolve Transition Infrastructure LP shareholding (5.20% of votes).
7 Feb 2017substantial holder notice● Neutral
UBS Group AG directly and on behalf of certain subsidiaries reported a Evolve Transition Infrastructure LP shareholding of 5.00% of votes in a periodic institutional filing.
27 Jan 2017capital raising announcement▼ BadMajor
The partnership settled a dispute with Stonepeak over how its preferred units were being adjusted, issuing more units to close it. Fourteen months in, the terms of the preferred were already contested - a preview of a relationship that dominated the next seven years.
27 Jan 2017substantial 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 31,000,887 shares (70.10% of votes) in a periodic institutional filing.
28 Nov 2016director interest notice● Neutral
Hite Hedge LP became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
28 Nov 2016substantial holder notice● Neutral
SN UR Holdings, LLC, Sanchez Energy Corporation disclosed a new substantial Evolve Transition Infrastructure LP shareholding (17.10% of votes).
28 Nov 2016director interest notice● Neutral
Sn Ur Holdings, LLC became a Evolve Transition Infrastructure LP 10%+ owner and company insider (initial ownership filing).
22 Nov 2016asset acquisition disposition● NeutralMajor
The Carnero Processing purchase closed at about $55.5 million cash plus $24.5 million of assumed commitments. The partnership is now fully a midstream business, and every one of its assets was bought from Sanchez Energy.
22 Nov 2016capital raising announcement▲ GoodMajor
The partnership sold 6.55 million units publicly at $11.00 to help pay for the Carnero processing stake - its only genuine public equity raise under Sanchez ownership.
What it means for a shareholder
6.5m new shares at $11.00 to raise about $72.0m. That's 60% dilution: every existing holder's slice gets 60% smaller. If you held $1,000 of shares (91 at the issue price), your slice goes from 0.00205% to 0.000828% of the company. To keep it you'd need 134 more shares - about $1,474 at the issue price.
Create a free account to see this worked out for your own holding.
18 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP filed the final prospectus for a registered offering.
17 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP filed a free-writing prospectus - marketing material for an offering in progress.
4 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
1 Nov 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
1 Nov 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $19.9 million and net income of $28.8 million for the period ended 2016-09-30.
1 Nov 2016quarterly activities report● Neutral
Evolve Transition Infrastructure LP reported quarterly revenue of $19.9 million and net income of $28.8 million for the period ended 2016-09-30.
7 Oct 2016securities registration● Neutral
Evolve Transition Infrastructure LP amended a filing by which it registered a securities offering with the SEC.
7 Oct 2016material agreement● NeutralMajor
The partnership agreed to buy half of Carnero Processing - a cryogenic gas plant under construction in La Salle County - from Sanchez Energy for $47.7 million plus $32.3 million of remaining construction commitments. A third midstream purchase from the same related seller inside eighteen months.
19 Aug 2016securities registration● Neutral
Evolve Transition Infrastructure LP registered a securities offering with the SEC.
18 Aug 2016substantial holder notice● Neutral
Antonio R. Sanchez, Jr, Antonio R. Sanchez, III, Eduardo A. Sanchez, Patricio D. Sanchez reported a Evolve Transition Infrastructure LP shareholding of 183,364 shares (4.20% of votes) in a periodic institutional filing.
17 Aug 2016director interest notice● Neutral
Evolve Transition Infrastructure LP 10%+ owner Hite Hedge Asset Management LLC sold 45,261 shares.
12 Aug 2016quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $12.3 million and a net loss of $2.0 million for the period ended 2016-06-30.
12 Aug 2016quarterly activities report▼ Bad
Evolve Transition Infrastructure LP reported quarterly revenue of $12.3 million and a net loss of $2.0 million for the period ended 2016-06-30.
1 Aug 2016director interest notice● Neutral
Evolve Transition Infrastructure LP Member of Investment Manager Hite Hedge Asset Management LLC sold 23,104 shares.
19 July 2016asset acquisition disposition● NeutralMajor
The Oklahoma and Kansas disposal closed for its nominal price, completing the partnership's exit from the gas production business Constellation Energy built it around.
6 July 2016asset acquisition disposition● NeutralMajor
Another purchase from its controlling shareholder: Carnero Gathering bought from Sanchez Energy for about $37 million plus $7.4 million of assumed commitments. The partnership keeps buying midstream from the company that also supplies its volumes.
23 June 2016director interest notice● Neutral
Evolve Transition Infrastructure LP insider Hite Hedge Asset Management LLC sold 3,161 shares.
16 June 2016material agreement▼ BadMajor
The partnership agreed to sell substantially all its operated Oklahoma and Kansas wells - the old Cherokee Basin business - to Gateway Resources for $7,120. Not a typo: the assets were worth less than the liabilities attached to them, and the buyer was effectively paid to take the plugging obligations away.
10 June 2016substantial holder notice● Neutral
Raging Capital Management, LLC, William C. Martin reported no remaining Evolve Transition Infrastructure LP shareholding in its periodic institutional filing.
25 May 2016substantial holder notice● Neutral
Antonio R. Sanchez, Jr, Antonio R. Sanchez, III reported a Evolve Transition Infrastructure LP shareholding of 161,995 shares (3.78% of votes) in a periodic institutional filing.