22 Apr 2019agm notice● Neutral
Riviera Resources, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Mar 2019debt financing● Neutral
The helium royalty financing announced on March 8 closed on March 20, 2019: Mayzure issued about $82 million of 5.16% senior secured notes and passed the proceeds (less closing costs) to Riviera. Only Mayzure, not Riviera or its other subsidiaries, guarantees the notes.
14 Mar 2019debt financing▲ GoodMajor
Riviera agreed to sell, to its own subsidiary Mayzure, a limited-term royalty interest in helium from certain Hugoton Basin wells in Kansas, with Mayzure funding it by issuing about $82 million of 5.16% senior secured notes due to be satisfied in Q3 2026. Riviera expects about $82 million in cash proceeds (before closing costs) and keeps its oil, gas and NGL production from those wells. It also amended its existing credit facility (March 12, 2019) so this arrangement is not counted as debt under it.
1 Mar 2019securities registration● Neutral
Riviera Resources, Inc. amended an already-effective registration statement.
28 Feb 2019quarterly activities report● Neutral
Riviera Resources, Inc. reported quarterly revenue of $203.2 million and net income of $10.6 million for the period ended 2018-12-31.
8 Nov 2018quarterly activities report▼ Bad
Riviera Resources, Inc. reported quarterly revenue of $159.6 million and a net loss of $48.1 million for the period ended 2018-09-30.
8 Nov 2018quarterly activities report▼ Bad
Riviera Resources, Inc. reported quarterly revenue of $159.6 million and a net loss of $48.1 million for the period ended 2018-09-30.
19 Oct 2018securities registration● Neutral
Riviera Resources, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
24 Sept 2018business combination▲ GoodMajor
Riviera announced it intends to start a tender offer to buy back up to $100 million of its own stock at $22.00 per share by the end of September 2018, about 6.0% of shares outstanding, funded from cash on hand. Holders of about 55% (Fir Tree, Elliott, York, P. Schoenfeld) and all directors and officers said they will not tender. This is in addition to the existing $100 million buyback program, of which about $7.5 million had been used at an average $21.24 per share and which is suspended until the tender ends.
24 Aug 2018quarterly activities report● Neutral
Riviera Resources, Inc. reported quarterly revenue of $128.8 million and net income of $7.2 million for the period ended 2018-06-30.
16 Aug 2018debt financing● Neutral
Riviera's wholly owned midstream subsidiary, Blue Mountain Midstream LLC, signed a new $200 million revolving credit facility with Royal Bank of Canada as agent, maturing August 10, 2023. Nothing was borrowed at signing and initial available capacity was $70 million, so Riviera gains a separate borrowing line for its midstream business.
8 Aug 2018quarterly activities report● Neutral
Riviera Resources, Inc. reported quarterly revenue of $128.8 million and net income of $7.2 million for the period ended 2018-06-30.
26 July 2018securities registration● Neutral
Riviera Resources, Inc. filed the final prospectus for a registered offering.
25 July 2018securities registration● Neutral
Riviera Resources, Inc. amended a filing by which it registered a securities offering with the SEC.
19 July 2018securities registration● Neutral
Riviera Resources, Inc. amended a filing by which it registered a securities offering with the SEC.
27 June 2018securities registration● Neutral
Riviera Resources, Inc. registered a securities offering with the SEC.
24 Apr 2018securities registration● Neutral
Riviera Resources, Inc. confidentially submitted a draft registration statement to the SEC.