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  • The Wall Street Journallast month

    [$$] Two Top NRG Executives Leave Amid Activist Pressure

    NRG Energy said its chairman and vice chairman were stepping down and that it was adding two new members to its board as part of a shake-up spurred by activist investors.

  • The Wall Street Journal2 months ago

    [$$] WPX Buys $775 Million in Assets From Private-Equity-Backed Energy Companies

    The acquisition of assets from Riverstone Holdings-backed Carrier Energy and Kayne Anderson-backed Panther Energy Company II strengthens the publicly traded energy company’s operations in West Texas.

  • American City Business Journals5 months ago

    Final round of drop downs prove profitable for Valero Energy Partners in third quarter

    Revenue continues to grow for San Antonio-based Valero Energy Partners LP following two years worth of smooth operations and high-profile drop downs from its parent company Valero Energy Corp. Earlier this week, Valero Energy Partners (VLP) beat analysts' expectations after reporting $48.7 million in profit on $92 million in revenue in the third quarter, marking a double-digit percentage increase from the $15.6 million in profit on $62 million in revenue during the same period last year. During a conference call with investors on Thursday, Valero Energy Partners President and Chief Operating Officer Rich Lashaway said the company remains on track to deliver 25 percent annual distribution growth through 2017.