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A provider of midstream energy services, Enterprise Products Partners L.P. (NYSE:EPD) declared that it has executed a long-term accord for incremental ethane transportation capacity on the partnership’s Aegis pipeline. By means of this contract, total capacity commitments for the Aegis pipeline will ramp up over the next four years to more than 300,000 barrels per day, the partnership said. The Aegis pipeline, which originates at Enterprise’s natural gas liquids fractionation and storage complex in Mont Belvieu, Texas, extends 270 miles to Napoleonville, Louisiana. The initial 60-mile segment between Mont Belvieu and Beaumont, Texas began service in September of 2014. The remaining portion is scheduled for completion by the end of 2015.
Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded at $29.74 by surging 2.23% with price volatility of 2.90% for a week and 1.96% for a month. Its beta stands at 0.74 times.
Cyrusone Inc. (NASDAQ:CONE) reported that it has closed the takeover of Cervalis Holdings LLC, a privately-held operator of four data center facilities and two work area recovery facilities serving the New York metropolitan area. The contract enlarges CyrusOne’s existing portfolio to 31 data centers across 12 distinct markets – 10 cities in the U.S., London and Singapore. Pursuant to the terms of the deal, originally announced in April, a subsidiary of CyrusOne acquired Cervalis for about $400 million, excluding transaction-related expenses, in an all cash deal. The acquisition was financed through proceeds from the company’s recent common stock and senior notes offerings as well as drawings under its recently amended senior unsecured credit facility. Cyrusone Inc. (NASDAQ:CONE) stock has highest price of $30.04 in last session, beginning with a price of $29.64 and reported an advance of 0.64% to close at $30.02 with a day range of $29.55-$30.04.
Ford Motor Co. (NYSE:F) declared that strong consumer demand for its newest products pushed its U.S. June sales 2% higher, to 225,647 vehicles sold, as compared to 222,064 vehicles sold in the similar month previous year. Car sales for the month dropped 4% year-over-year to 77,948 units from 81,198 units and truck sales also dropped 0.7% to 77,556 units. Utilities sales were 70,143 units, up 11.7% compared to a year earlier. F-Series average transaction prices reached an all-time record in June, with average transaction prices moving above $44,000 per truck – $3,600 higher than last year. The all-new F-150 is turning twice as fast on dealer lots than the industry average for half-ton pickups, as Ford continues building dealer stocks. Ford Motor Co. (NYSE:F) stock hit highest price at $15.08, beginning with a price of $15.01 and reported a decrease of -0.80% to close at $14.87 with a day range of $14.81-$15.08.