7 Aug 2014quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $21.6 million and a net loss of $7.4 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2014quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $21.6 million and a net loss of $7.4 million for the period ended 2014-06-30.
14 May 2014quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $21.8 million and a net loss of $7.6 million for the period ended 2014-03-31.
13 May 2014quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $21.8 million and a net loss of $7.6 million for the period ended 2014-03-31.
12 May 2014securities registration● Neutral
PostRock Energy Corp registered a securities offering with the SEC using its shelf eligibility.
4 Apr 2014material agreement▲ GoodMajor
Settled the Delaware lawsuit it had brought over its Constellation Energy Partners stake, agreeing a $21.6 million target recovery: it sold its Class A units to Sanchez Energy Partners immediately for $7.3 million and would sell the remaining 5.5 million Class B units through the year, with Sanchez covering up to $5 million of any shortfall. An orderly exit from a three-year, roughly $24 million attempt to control a partnership it never got control of.
2 Apr 2014substantial holder notice● Neutral
Robert E. Mead reported a PostRock Energy Corp shareholding of 2,100,000 shares (7.21% of votes) in a periodic institutional filing.
20 Dec 2013substantial holder notice● Neutral
White Deer Energy L.P, White Deer Energy TE L.P, White Deer Energy FI L.P, Edelman & Guill Energy L.P, Edelman & Guill Energy Ltd, Thomas J. Edelman, Ben A. Guill reported a PostRock Energy Corp shareholding of 28,663,505 shares (59.48% of votes) in a periodic institutional filing.
4 Dec 2013capital raising announcement▲ GoodMajor
Bought back the accumulated dividend warrants: White Deer gave up warrants over 22.2 million shares, struck at an average $3.23 and far out of the money with the stock at $1.31, for 1.1 million shares. It cut the fund's fully diluted stake from about 69% to 57% and its voting power from 64% to 51%, the first reduction since 2010, though it stayed in control.
7 Nov 2013quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $18.6 million and a net loss of $4.4 million for the period ended 2013-09-30.
6 Nov 2013quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $18.6 million and a net loss of $4.4 million for the period ended 2013-09-30.
18 Oct 2013asset acquisition disposition● NeutralMajor
Agreed to buy about 22,000 net acres of producing oil leasehold in central Oklahoma from West Star and Shalco for $10 million, mostly paid in 4.5 million of its own shares. Its first real acquisition of oil rather than gas assets, and it was buying with paper because it had no cash to spare.
14 Aug 2013quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $19.6 million and net income of $3.2 million for the period ended 2013-06-30.
8 Aug 2013quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $19.6 million and net income of $3.2 million for the period ended 2013-06-30.
11 July 2013quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $19.6 million and net income of $3.2 million for the period ended 2013-06-30.
8 July 2013capital raising announcement▼ Bad
The third quarterly preferred dividend of the year paid in warrants again, over about 1.8 million shares. Four quarters of this, and the fund's fully diluted stake was approaching 70%.
9 May 2013quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $16.1 million and a net loss of $11.4 million for the period ended 2013-03-31.
9 May 2013quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $16.1 million and a net loss of $11.4 million for the period ended 2013-03-31.
11 Apr 2013quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $16.1 million and a net loss of $11.4 million for the period ended 2013-03-31.
5 Apr 2013capital raising announcement▼ Bad
Another quarterly preferred dividend paid to White Deer in warrants rather than cash, over about 1.6 million shares. The exercise prices track the falling share price down, so the same coupon buys more shares each time.
22 Mar 2013securities registration● Neutral
PostRock Energy Corp filed the final prospectus for a registered offering.
12 Feb 2013substantial holder notice● Neutral
Robert E. Mead reported a PostRock Energy Corp shareholding of 1,107,919 shares (5.33% of votes) in a periodic institutional filing.
4 Jan 2013substantial holder notice● Neutral
White Deer Energy L.P, White Deer Energy TE L.P, White Deer Energy FI L.P, Edelman & Guill Energy L.P, Edelman & Guill Energy Ltd, Thomas J. Edelman, Ben A. Guill reported a PostRock Energy Corp shareholding of 44,171,034 shares (81.10% of votes) in a periodic institutional filing.
4 Jan 2013capital raising announcement▼ Bad
Announced its 2013 capital budget and paid the year-end preferred dividend in kind again, this time across three separate White Deer investments, issuing warrants over 1.7 million shares. The fund had put in more money during 2012 than the single February placement suggests, and every dividend date compounded its position.
7 Nov 2012quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $13.7 million for the period ended 2012-09-30.
7 Nov 2012quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $13.7 million for the period ended 2012-09-30.
5 Oct 2012capital raising announcement▼ Bad
Paid the October preferred dividend to White Deer in warrants and voting preferred rather than cash, as it had done in December. Each quarter's unpaid coupon buys the fund more of the company.
4 Oct 2012substantial holder notice● Neutral
White Deer Energy L.P, White Deer Energy TE L.P, White Deer Energy FI L.P, Edelman & Guill Energy L.P, Edelman & Guill Energy Ltd, Thomas J. Edelman, Ben A. Guill reported a PostRock Energy Corp shareholding of 33,317,092 shares (76.51% of votes) in a periodic institutional filing.
3 Oct 2012asset acquisition disposition● NeutralMajor
Sold the KPC pipeline, its entire midstream segment and 1,120 miles of interstate gas line, to MV Pipelines for $53.5 million cash plus up to $4 million of earn-outs, with the proceeds going straight to the banks. This is the sale the June credit amendment had demanded; it cut the borrowing base to $120 million and left about $15.7 million of headroom. The pipeline half of the 2010 merger was now gone.
8 Aug 2012quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $11.1 million and a net loss of $18.5 million for the period ended 2012-06-30.