kodda/iStock via Getty Images Kinder Morgan ( KMI ) and Phillips 66 ( PSX ) said Wednesday they have extended the bidding period for remaining space on its proposed 1,300-mile Western Gateway pipeline system that will run from St. Louis, Missouri, to California. The companies said the extension of the second open season provided additional receipt points and deliveries into the Los Angeles market ...
kodda/iStock via Getty Images Kinder Morgan ( KMI ) and Phillips 66 ( PSX ) said Wednesday they have extended the bidding period for remaining space on its proposed 1,300-mile Western Gateway pipeline system that will run from St. Louis, Missouri, to California. The companies said the extension of the second open season provided additional receipt points and deliveries into the Los Angeles market through a joint tariff supported by the planned reversal of one of Kinder Morgan's ( KMI ) existing SFPP lines between Watson and Colton, California, that will allow for east-to-west product flows, also including Gulf Coast origination points, including Houston and the Port Arthur-Beaumont area in Texas. Based on shipper interest, the open season, which had been set to close on March 31, was extended to April 15 to provide prospective shippers with "additional time to complete commercial evaluations of the recently updated Transportation Services Agreement, including certain rates, and secure internal approvals for remaining capacity on the Western Gateway system," the companies said. The system will be capable of moving 200K bbl/day of refined products from the Mid-Continent to Arizona, displacing ~125K bbl/day that Phoenix, Arizona, receives from California through the SFPP pipeline. More on Kinder Morgan and Phillips 66 Midstream Energy Showdown: Why ONEOK Is A Strong Buy Over Kinder Morgan I Favor Kinder Morgan Over Occidental Petroleum Amid Oil Price Volatilities Phillips 66: Attractive As Geopolitical Tensions Surge
Investing.com -- Valuations across U.S. equities have reset significantly, with both the S&P 500 and Nasdaq now trading at the lower end of their recent ranges, according to Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities.
Investing.com -- Valuations across U.S. equities have reset significantly, with both the S&P 500 and Nasdaq now trading at the lower end of their recent ranges, according to Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities.
Sasun Bughdaryan/iStock via Getty Images The current year may be quiet or constructive for Interparfums, Inc. ( IPAR ) due to the impact of tariffs and marketing spending on newly licensed brands. However, IPAR's strategy to expand its owned brand, Solferino, and acquire new licenses makes 2026 a year for accumulation and monitoring the stock's performance before bearing fruit next year. IPAR oper...
Sasun Bughdaryan/iStock via Getty Images The current year may be quiet or constructive for Interparfums, Inc. ( IPAR ) due to the impact of tariffs and marketing spending on newly licensed brands. However, IPAR's strategy to expand its owned brand, Solferino, and acquire new licenses makes 2026 a year for accumulation and monitoring the stock's performance before bearing fruit next year. IPAR operates through obtaining the licenses and rights to use popular brand names for producing perfumes such as Guess and Montblanc, as the company designs the perfume formula and bottle shape and manufactures it using third-party factories. In return, they pay a sales percentage to the original brand owner. (IPAR) 10-K Report The Financial Picture The company closed the year with its best fourth quarter, as it achieved sales of $386 million, which is an excellent number given the sector's slowdown during this period. The full-year sales were $1.49 billion, with a 2% increase YoY, which exceeds the previous guidance of $1.47 billion and confirms the resilience of demand for its products. The operating margin also decreased slightly by about 80 basis points to settle at 18.2%, driven by higher SG&A expenses. However, I believe this is a short-term compression as a result of marketing costs of upcoming brand licenses such as Off-White and Longchamp, alongside the expansion of its owned brand, Solferino. Importantly, the performance of individual brands was impressive and proves the company's distribution strategy is successful, as Lacoste's sales in 2025 alone reached $108 million with growth of 28%, and Roberto Cavalli's sales increased by 33%, meaning that the company has the secret sauce and the ability to redesign the fragrance identity that suits each brand, which raises its sales exceptionally in record time. The management expects sales of around $1.48 billion during 2026, which is a slight decline compared to 2025. EPS is also expected to decrease by about 5%, prompting some...
Dreamday, the award-winning Performance PR agency known for partnering with category-defining and enterprise brands, today announced the appointment of Veronica Gauthier as Senior Vice President of Growth. This strategic hire reflects Dreamday's continued momentum and investment in executive leadership as it scales its integrated performance marketing capabilities.
Dreamday, the award-winning Performance PR agency known for partnering with category-defining and enterprise brands, today announced the appointment of Veronica Gauthier as Senior Vice President of Growth. This strategic hire reflects Dreamday's continued momentum and investment in executive leadership as it scales its integrated performance marketing capabilities.
A Los Angeles jury reached a verdict on Wednesday in a landmark social media addiction trial that involves Meta's Instagram and Google's YouTube, according to spokespeople for the plaintiff and Meta. The outcome could influence thousands of similar cases against the tech companies brought by parents, attorneys general and school districts.
A Los Angeles jury reached a verdict on Wednesday in a landmark social media addiction trial that involves Meta's Instagram and Google's YouTube, according to spokespeople for the plaintiff and Meta. The outcome could influence thousands of similar cases against the tech companies brought by parents, attorneys general and school districts.
Goldman Sachs Asset Management has adjusted its growth expectations to “around trend growth” for the year amid the war in Iran, according to Alexandra Wilson-Elizondo, global co-head of multi-asset solutions at the firm. The revised outlook reflects concerns about how financial conditions, sentiment, and rising oil prices could impact consumer behavior. In an interview with CNBC, Wilson-Elizondo e...
Goldman Sachs Asset Management has adjusted its growth expectations to “around trend growth” for the year amid the war in Iran, according to Alexandra Wilson-Elizondo, global co-head of multi-asset solutions at the firm. The revised outlook reflects concerns about how financial conditions, sentiment, and rising oil prices could impact consumer behavior. In an interview with CNBC, Wilson-Elizondo emphasized that several economic pressures were building even before the conflict began. The credit cycle has kicked off in earnest, and the labor market is showing signs of weakness. “It’s really for us, how do these factors start to compound on one another,” she said. “And it’s not difficult to imagine a scenario where a tale comes to fruition here.” Wilson-Elizondo characterized the current environment as having a “late cycle tone” and cautioned against expecting a quick rebound. “This is not the same market even as '22. It’s not the same market as last year, where everybody wants to see this miracle V-shape back up,” she explained. The strategist stressed that portfolios need “multiple versions of diversification” beyond just sector allocation. Traditional hedging strategies have been less effective recently, with the rate market failing to provide its typical correlation protection. Tail risk hedging has become increasingly important in the current climate. Goldman Sachs Asset Management is focusing on what Wilson-Elizondo called “durable themes” that can withstand market volatility. “Economic nationalism is here to stay, whether that’s robotics, defense, you know, cyber protection,” she noted, adding that these themes can “stand some of the pressure tests that come through the system.” Regarding rates, Wilson-Elizondo acknowledged that while most investors still want to be payers on the front end, valuations are becoming compelling. As markets debate the speed and magnitude of central bank responses and potential fiscal measures, she said having rates in a portfolio ca...
Clearway Energy rides on diversified assets, new solar deals and Google partnerships to fuel growth, but weather risks and transmission reliance challenge output.
Clearway Energy rides on diversified assets, new solar deals and Google partnerships to fuel growth, but weather risks and transmission reliance challenge output.