logo
Energy Capital Emerges as Frontrunner on $3.1 Billion GFL Deal

Energy Capital Emerges as Frontrunner on $3.1 Billion GFL Deal

Bloomberg2 hours ago
Energy Capital Partners is in advanced negotiations to buy a minority stake in GFL Environmental Inc. 's infrastructure affiliate, with the deal expected to value the business at around C$4.25 billion ($3.1 billion) including debt, according to people familiar with the matter.
The proposed transaction would allow shareholders in the business, which is known as Green Infrastructure Partners or GIP, to partially cash out while also raising capital for growth, the people said, asking not to be identified discussing private deliberations.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ultra Clean Names Chris Cook as Chief Business Officer
Ultra Clean Names Chris Cook as Chief Business Officer

Yahoo

time20 minutes ago

  • Yahoo

Ultra Clean Names Chris Cook as Chief Business Officer

HAYWARD, Calif., Aug. 6, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), announced today that its Board of Directors has appointed Chris Cook as Chief Business Officer of UCT effective immediately. "As President of UCT's Products Division, Chris has successfully grown our product portfolio, expanded our vertical content, deepened our customer relationships and enhanced our manufacturing leadership position across key markets," said Clarence Granger, Chairman of UCT. "In his new role as Chief Business Officer, Chris will also spearhead UCT's commercial strategy, forging deeper strategic partnerships with customers, identifying new market opportunities, and accelerating growth through an optimized portfolio of innovative products and services, accelerating our advancement in the global semiconductor market. In his new role, Chris will continue to report to the CEO." Mr. Cook joined UCT as President, Products Division in April 2022. Chris's track record includes 28 years of successful leadership and general management with semiconductor and electronic systems companies, including Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor. Mr. Cook specializes in driving profitable growth by developing valuable technologies and products, optimizing global operations, and solving tough problems in ways that build lasting trust with customers. In addition, he has led numerous strategic initiatives to scale and improve customer experience, employee engagement, and financial performance via the digital transformation of processes and services. Mr. Cook holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School. About Ultra Clean Holdings, Inc. Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at Contact: Rhonda BennettoSVP Investor Relationsrbennetto@ View original content to download multimedia: SOURCE Ultra Clean Holdings, Inc.

Live updates: Trump's tariffs expected to go into effect after midnight
Live updates: Trump's tariffs expected to go into effect after midnight

Associated Press

time22 minutes ago

  • Associated Press

Live updates: Trump's tariffs expected to go into effect after midnight

U.S. President Donald Trump's wide-ranging tariffs are expected to go into effect at 12:01 a.m. ET on Thursday, just as the economic fallout of his months of threatening them them is surfacing in visible damage to the economy. The import taxes will reach a level not seen in the U.S. in almost 100 years, with Americans expected to pay an average of 18.3% more for imported products. That's the highest rate since 1934, according to the Budget Lab at Yale, a nonpartisan policy research center. Companies are dealing with the tariffs in various ways. For example many automakers appear to be swallowing the costs for now. But most economists say the cost will ultimately be borne by U.S. consumers and businesses to some degree. Update: Date: 2025-08-07 03:03:32 Title: Ask AP reporters a question Content:

Here's What Key Metrics Tell Us About Ring Energy (REI) Q2 Earnings
Here's What Key Metrics Tell Us About Ring Energy (REI) Q2 Earnings

Yahoo

time42 minutes ago

  • Yahoo

Here's What Key Metrics Tell Us About Ring Energy (REI) Q2 Earnings

For the quarter ended June 2025, Ring Energy (REI) reported revenue of $82.6 million, down 16.7% over the same period last year. EPS came in at $0.10, compared to $0.12 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $81.11 million, representing a surprise of +1.85%. The company delivered an EPS surprise of +900%, with the consensus EPS estimate being $0.01. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ring Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average realized sales prices - Natural gas: $-1.31 per thousand cubic feet versus $0.46 per thousand cubic feet estimated by two analysts on average. Net sales volumes - Oil: 1,320.51 MBBL versus 1,296.00 MBBL estimated by two analysts on average. Net sales volumes - Natural gas: 1,703.81 MMcf compared to the 1,867.50 MMcf average estimate based on two analysts. Net sales volumes - Natural gas liquids: 333.37 MBBL compared to the 348.00 MBBL average estimate based on two analysts. Average realized sales prices - Natural gas liquids: $/6.19 compared to the $/4.49 average estimate based on two analysts. Average realized sales prices - Oil: $/62.69 versus $/59.74 estimated by two analysts on average. Average daily equivalent sales: 21,295.00 BOE/D versus the two-analyst average estimate of 21,366.00 BOE/D. Revenues- Oil: $82.78 million compared to the $78.67 million average estimate based on two analysts. The reported number represents a change of -16.6% year over year. Revenues- Natural gas liquids: $2.06 million versus $1.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -26.9% change. Revenues- Natural gas: $-2.24 million compared to the $0.84 million average estimate based on two analysts. The reported number represents a change of -24.7% year over year. View all Key Company Metrics for Ring Energy here>>> Shares of Ring Energy have returned -4.7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ring Energy, Inc. (REI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store