Revenue Update on Niska Gas Storage Partners LLC(NYSE:NKA)

Niska Gas Storage Partners LLC(NYSE:NKA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 10, 2016. Company reported revenue of $9.14M. Analysts estimated a revenue of $31.28M. Earnings per share were $-0.65. Analysts had estimated an EPS of $-0.15.

Niska Gas Storage Partners LLC (NKA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.24% or 0.01 points. Due to strong positive momentum, the stock ended at $4.19, which is also near the day’s high of $4.2. The stock began the session at $4.19 and the volume stood at 1,54,375 shares. The 52-week high of the shares is $4.21 and the 52 week low is $2.66. The company has a current market capitalization of $159 M and it has 3,79,88,724 shares in outstanding.

Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. The Company operates the Countess and Suffield gas storage facilities (collectively the AECO Hub) in Alberta Canada and the Wild Goose and Salt Plains gas storage facilities in California and Oklahoma respectively. Each of these facilities markets natural gas storage services in addition to optimizing storage capacity with its gas purchases. The Company owns or contracts for approximately 244.9 billion cubic feet of total natural gas storage capacity. The Company’s assets are located in North American natural gas producing and consuming regions and are connected at strategic points on the natural gas transmission network providing access to multiple end-use markets. The Company has a natural gas marketing business in Eastern Canada British Columbia and Alberta serving commercial and industrial customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *