31 July 2018director interest notice● Neutral
Jones Stephen became a Jones Energy, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 July 2018director interest notice● Neutral
Giesler Carl Fredrick became a Jones Energy, Inc. Chief Executive Officer and company insider (initial ownership filing).
24 July 2018director interest notice● Neutral
Jones Energy, Inc. Chief Executive Officer Giesler Carl Fredrick received 4,000,000 shares as part of the equity award.
24 July 2018director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny disposed of 91,724 shares via option/appreciation-right settlement.
13 July 2018director interest notice● Neutral
Jones Energy, Inc. Executive VP & CFO Brooks Robert J. sold 285,511 shares at $0.38.
10 July 2018director interest notice● Neutral
Jones Energy, Inc. 10%+ owner Metalmark Capital II LLC disposed of 8,406,860 shares via option/appreciation-right settlement.
2 July 2018auditor change● Neutral
Jones Energy engaged Grant Thornton as its auditor for 2018, effective June 29, 2018, after a competitive process. This fills the vacancy left by PwC's dismissal in May. The filing says the company had not consulted Grant Thornton beforehand on accounting matters.
2 July 2018material agreement● Neutral
On June 27, 2018 Jones Energy amended its revolving credit agreement (Amendment No. 13), cutting the borrowing base and lender commitments from $50M to $25M and removing all financial maintenance covenants. It also repaid all outstanding revolver borrowings. This continues the February 2018 refinancing, which had already cut the borrowing base to $50M.
22 June 2018director interest notice● Neutral
Jones Energy, Inc. director Mcconnell Mike sold 228,000 shares at $0.36.
22 June 2018director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny sold 228,000 shares at $0.36.
20 June 2018director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny sold 214,410 shares.
20 June 2018director interest notice● Neutral
Jones Energy, Inc. director Mcconnell Mike sold 214,410 shares.
18 June 2018director interest notice● Neutral
Jones Energy, Inc. Executive VP & CFO Brooks Robert J. had 2,280 shares withheld for taxes on vesting stock.
15 June 2018substantial holder notice● Neutral
Jon Rex Jones, Jr. Trust V, Jones Energy Drilling Fund, LP, Jones Energy Equity Partners, LP, Jones Energy Equity Partners II, LP, Jones Energy Team reported a Jones Energy, Inc. shareholding of 11,152,151 shares (11.40% of votes) in a periodic institutional filing.
25 May 2018auditor change● Neutral
On May 22, 2018 the audit committee dismissed PricewaterhouseCoopers as auditor and began a competitive search for a replacement. The filing states PwC's reports for 2016 and 2017 were clean and there were no disagreements or reportable events.
23 May 2018agm notice● Neutral
Jones Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
23 May 2018director interest notice● Neutral
Jones Energy, Inc. director Q Global Capital Management, L.p. disposed of 6 shares via option/appreciation-right settlement.
11 May 2018director interest notice● Neutral
Jones Energy, Inc. director Mcconnell Mike disposed of 1,106,026 shares via option/appreciation-right settlement.
11 May 2018director interest notice● Neutral
Jones Energy, Inc. director Jones Jonny disposed of 1,106,026 shares via option/appreciation-right settlement.
4 May 2018quarterly activities report▼ Bad
Jones Energy, Inc. reported quarterly revenue of $65.3 million and a net loss of $41.5 million for the period ended 2018-06-30.
30 Apr 2018agm notice● Neutral
Jones Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
20 Apr 2018agm notice● Neutral
Jones Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
4 Apr 2018director interest notice● Neutral
Jones Energy, Inc. Executive VP - Geosciences Tanner Jeffrey Alan had 17,392 shares withheld for taxes on vesting stock.
4 Apr 2018director interest notice● Neutral
Jones Energy, Inc. Chairman of the BOD & CEO Jones Jonny disposed of 64,284 shares via option/appreciation-right settlement.
4 Apr 2018director interest notice● Neutral
Jones Energy, Inc. Executive VP & CFO Brooks Robert J. had 34,661 shares withheld for taxes on vesting stock.
4 Apr 2018director interest notice● Neutral
Jones Energy, Inc. President Mcconnell Mike had 38,146 shares withheld for taxes on vesting stock.
28 Mar 2018listing compliance notice▼ Bad
On March 23, 2018 the NYSE again told Jones Energy its Class A shares had averaged under $1.00 over 30 trading days. The company had regained compliance from the December 2017 notice on February 1, 2018, and now has six months to cure, including by proposing a reverse stock split for shareholder approval. The shares keep trading as JONE with a .BC marker meanwhile.
16 Feb 2018debt financing● NeutralMajor
Jones Energy sold $450M of new 9.25% first-lien secured notes due 2023 at 97.526% of par to Credit Suisse for resale to institutional buyers. It used the proceeds to repay all but $25M of the revolving credit facility, and plans to use the rest for drilling and completion, general purposes, and possibly limited buybacks of the existing 2022 and 2023 notes. The new notes are secured on substantially all assets and rank ahead of the existing unsecured notes to the extent of collateral value. The revolver amendment cut the borrowing base from $350M to $50M and suspended testing of the senior secured leverage ratio until March 31, 2019. New notes can mature early (Dec 31, 2021 or Dec 15, 2022) if $50M or more of the 2022 or 2023 unsecured notes remain outstanding.
15 Feb 2018director interest notice● Neutral
Paul B Jr. Loyd became a Jones Energy, Inc. director and company insider (initial ownership filing).
15 Feb 2018director interest notice● Neutral
Q Global Capital Management, L.p. became a Jones Energy, Inc. director and company insider (initial ownership filing).