In today’s briefing:
- Dividend Procedure Improvement Plan in Compliance with Global Standards Is Passed into Law
- ChampionX Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers
- Magnolia Oil & Gas Corporation: Acquisition Strategy & Asset Optimization Driving Our ‘Outperform’ Rating! – Major Drivers
- Plains GP Holdings: Strategic Capital Allocation & Bolt-On Acquisitions As A Strategic Growth Enabler! – Major Drivers
Dividend Procedure Improvement Plan in Compliance with Global Standards Is Passed into Law
- Amid chaos in Korean politics (including impeachment of the Acting President Han Duck Soo), the FSC announced that the change in the procedure for quarterly dividends was passed into law.
- The main change that has been made is that the the investors will know in advance how much they will receive in quarterly dividends.
- Amid market turmoil, numerous high dividend paying stocks such as Hankook & Company, HD Hyundai, and KT Corp have been outperforming the market this year.
ChampionX Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers
- ChampionX Corporation delivered a mixed set of results in the fourth quarter and full year 2023, revealing both strengths and challenges in its financial performance and market position.
- The company reported fourth-quarter revenue of $944 million, which was slightly up sequentially but 4% lower year-over-year, reflecting the impacts of softer U.S. land drilling and completions activity.
- However, the company’s adjusted EBITDA remained flat from the previous quarter at $198 million, marking a 10% increase over the prior year, driven by higher volumes, productivity, and cost management.
Magnolia Oil & Gas Corporation: Acquisition Strategy & Asset Optimization Driving Our ‘Outperform’ Rating! – Major Drivers
- Magnolia Oil & Gas Corporation’s third-quarter 2024 earnings report reveals several notable strengths and challenges that potential investors should consider when evaluating the company’s investment profile.
- On the positive side, Magnolia achieved consistent financial and operational performance.
- The company generated total net income of $106 million and adjusted EBITDAX of $244 million, maintaining capital discipline by spending merely 42% of its adjusted EBITDAX on drilling and completing wells.
Plains GP Holdings: Strategic Capital Allocation & Bolt-On Acquisitions As A Strategic Growth Enabler! – Major Drivers
- Plains All American Pipeline, L.P. (PAGP) provided insights into its financial and operational performance in the third quarter of 2024.
- The company reported a robust operational quarter, with expectations to hit the upper range of its adjusted EBITDA guidance for the year, between $2.725 billion and $2.775 billion.
- This positive outlook is fueled by strong performance across several key areas.
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