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03.08.26 - 12:33
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San Mateo Announces Successful Closing of the Acquisition of Cardinal Midstream (Business Wire)
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DALLAS--(BUSINESS WIRE)--San Mateo Midstream, LLC (“San Mateo”), a midstream joint venture between Matador Resources Company (“Matador”) and Five Point Infrastructure (“Five Point”), today announced that it has successfully completed the acquisition of the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752 million, subject to customary post-closing adjustments (the “Cardinal Acquisition”).
The Cardinal Acquisition increases San Mateo's integrated natural gas gathering and processing infrastructure across the northern Delaware Basin. With the addition of Cardinal's assets, San Mateo now has designed natural gas processing capacity exceeding one billion cubic feet per day and more than 800 miles of natural gas gathering pipelines, further strengthening its ability to provide reliable flow assurance to both Matador and third-party customers.
Cardinal Acquisition Highlights
Complem...
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03.08.26 - 12:33
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Matador Resources Company Announces Successful Closing of San Mateo′s Acquisition of Cardinal Midstream (Business Wire)
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that San Mateo Midstream, LLC (“San Mateo”), Matador's 51%-owned midstream joint venture with 49% co-owner Five Point Infrastructure (“Five Point”), has successfully completed the acquisition of the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752 million, subject to customary post-closing adjustments (the “Cardinal Acquisition”).
The Cardinal Acquisition increases San Mateo's integrated natural gas gathering and processing infrastructure across the northern Delaware Basin. With the addition of Cardinal's assets, San Mateo now has designed natural gas processing capacity exceeding one billion cubic feet per day and more than 800 miles of natural gas gathering pipelines, further strengthening its ability to provide reliable flow assurance to both Matador and third-...
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23.07.26 - 22:15
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Five Point Holdings, LLC Reports Second Quarter 2026 Results (Business Wire)
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Second Quarter 2026 Highlights
Great Park Venture sold 17.7 acres of commercial land planned for senior living uses for a purchase price of $159.3 million.
Great Park Venture distributions and incentive compensation payments to the Company totaled $43.6 million.
Gateway Commercial Venture distribution to the Company of $33.1 million.
Great Park builder sales of 56 homes during the quarter.
Valencia builder sales of 78 homes during the quarter.
Consolidated revenues of $13.9 million; consolidated net income of $29.9 million.
Cash and cash equivalents of $348.4 million as of June 30, 2026.
Debt to total capitalization ratio of 16.2% and liquidity of $565.9 million as of June 30, 2026.
IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its second quarter 2026 results.
Dan Hedigan, President and Chief Executive Officer, said, “I am pleased to report that Five...
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17.07.26 - 16:33
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Five Point Holdings, LLC Sets Date for Second Quarter 2026 Earnings Announcement and Investor Conference Call (Business Wire)
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IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2026 financial results at 5:00 p.m. Eastern Time on Thursday, July 23, 2026. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com.The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic replay will be available starting approximately three hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13761889. The telephonic replay will be available until 11:59 p.m. Eastern Tim...
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16.07.26 - 03:12
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June jobless rate remains at 5.5%, but women find it hard to get work (Times of India)
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The national unemployment rate remained steady at five point five percent in June. Women experienced a rise in joblessness, reaching five point nine percent. Meanwhile, the jobless rate for men saw a slight decrease to five point three percent. Female labor force participation declined for the fourth consecutive month. This drop was largely due to a sharp fall in rural areas....
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04.07.26 - 18:36
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What impact will Andy Burnham have on Zack Polanski and the Greens? (The Guardian)
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Voters disillusioned with Starmer's Labour were tempted by the Greens – but Polanski's party fears the affable, left-leaning Burnham could win them backThe shift was notable. A week after Keir Starmer said he would resign, YouGov polling showed Labour up two points and the Greens down by the same amount. Might an Andy Burnham premiership mean a rethink for Zack Polanski's party?The short answer is it is too early to know, particularly in an era of unprecedented political volatility and the seesawing poll numbers that come with it. This year alone, a five-point Labour lead over the Greens has become a similar margin in favour of the Greens, and then a seven-point advantage for Labour. Continue reading......
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29.06.26 - 12:09
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San Mateo Midstream Announces Expansion of Delaware Basin Footprint Through the Acquisition of Cardinal Midstream (Business Wire)
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DALLAS--(BUSINESS WIRE)--San Mateo Midstream, LLC (“San Mateo” or the “Company”), a midstream joint venture between Matador Resources Company (“Matador”) and Five Point Infrastructure (“Five Point”), today announced that it has entered into a definitive agreement to acquire the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752 million. The transaction is expected to close on or before July 31, 2026, subject to customary closing conditions (the “Cardinal Acquisition”).
Cardinal Acquisition Highlights
Complementary Midstream Assets. Cardinal's midstream assets are complementary to San Mateo's existing natural gas gathering and processing system and provide San Mateo the ability to move natural gas more easily throughout the northern Delaware Basin in southeast New Mexico and West Texas (see map, Exhibit A). Cardinal's assets consist of (i) a cryogenic natural gas processing...
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29.06.26 - 12:09
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Matador Resources Company Announces Expansion of San Mateo′s Delaware Basin Footprint Through the Acquisition of Cardinal Midstream (Business Wire)
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that San Mateo Midstream, LLC (“San Mateo”), Matador's 51%-owned midstream joint venture with Five Point Infrastructure (“Five Point”), has entered into a definitive agreement to acquire the operating subsidiaries of Cardinal Midstream Partners, LLC (“Cardinal”), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752 million. The transaction is expected to close on or before July 31, 2026, subject to customary closing conditions (the “Cardinal Acquisition”). Matador anticipates the Cardinal Acquisition to be cash neutral for Matador as it expects to use distributions from San Mateo and/or proceeds from the potential drop-down to San Mateo or sale of a portion of Matador's wholly-owned midstream assets to fund any required cash contributions to San Mateo related to the acquisition.
Cardinal Acquisition Highlights
Complementary Midstream Assets...
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23.04.26 - 22:15
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Five Point Holdings, LLC Reports First Quarter 2026 Results (Business Wire)
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Announces $40 Million Share Repurchase Authorization
First Quarter 2026 Highlights
Great Park builder sales of 82 homes during the quarter.
Valencia builder sales of 90 homes during the quarter.
Consolidated revenues of $13.6 million; consolidated net loss of $5.0 million.
Cash and cash equivalents of $332.6 million as of March 31, 2026.
Debt to total capitalization ratio of 16.3% and liquidity of $550.1 million as of March 31, 2026.
IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its first quarter 2026 results.
Dan Hedigan, President and Chief Executive Officer, said, “As expected, we began 2026 with a relatively quiet first quarter from a land sales perspective, reflecting the timing of transactions that we anticipate closing in the third and fourth quarters. During the first quarter, we generated $13.6 million in revenue and reported a consolidated ...
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16.04.26 - 21:30
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Five Point Holdings, LLC Sets Date for First Quarter 2026 Earnings Announcement and Investor Conference Call (Business Wire)
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IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2026 financial results at 5:00 p.m. Eastern Time on Thursday, April 23, 2026. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com.
The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: https://callme.viavid.com/viavid/?callme=true&passcode=13735390&h=true&info=company&r=true&B=6 [callme.viavid.com]. A telephonic replay will be available starting approximately three hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13760204. The telephonic replay will be available until 11:59 p.m. Eastern Ti...
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