Latest news with #BureauOfIndustryAndSecurity
Bloomberg
28-07-2025
- Business
- Bloomberg
Cadence Design Admits to Illegally Supplying China, Pays Fine
Cadence Design Systems Inc. pleaded guilty to charges accusing the company of violating US export controls by selling hardware and software to China's National University of Defense Technology. The San Jose, California-based company, a maker of chip design tools, said it took a one-time charge of $140.6 million related to settling cases brought by the Department of Justice and the Department of Commerce's Bureau of Industry and Security.
Yahoo
09-07-2025
- Business
- Yahoo
Enterprise Products After Ethane Export Ban: Opportunity or Overhang?
Enterprise Products Partners EPD recently disclosed in an 8K filing, about the receipt of a letter from the Bureau of Industry and Security ('BIS'), U.S. Department of Commerce. The letter signifies the removal of previous restrictions on ethane exports to China or entities linked to the Chinese military, boosting investors' sentiments for the operator of a marine export terminal located along the Houston Ship Channel. Enterprise Products plays a key role in the midstream space by handling everything from gathering natural gas to processing, transporting, and storing it. After processing natural gas liquids (NGL) from natural gas, EPD transports the NGLs through its pipeline network. After that, through the process of fractionation at specialized plants, the partnership engages in separating the NGL mixture into its components, such as ethane. Enterprise Products' midstream services also include storing the components and loading these products onto ships at its marine export terminal for overseas export. Now, the resumption of ethane exports to China is likely to generate cash flows for Enterprise Products. From transporting natural gas, to processing it into NGLs and transporting and loading NGLs like ethane, the partnership will generate stable fee-based revenues, which is beneficial for investors. However, given the ongoing U.S.-China tensions, EPD's overall risk persists. The Williams Companies, Inc. WMB has a 50% ownership interest in The Overland Pass Pipeline. WMB stated that the pipeline network covers 760 miles, transporting NGL to the Mid-Continent market hub located in Conway, KS, from Opal, WY. The pipeline network of Williams Companies has a daily capacity of 245,000 barrels of NGL. Energy Transfer LP ET is also involved in transporting NGL. The pipeline network of ET, transporting NGL, spans approximately 5,700 miles. Energy Transfer noted that the pipeline network has a daily transportation capacity of three million barrels. Units of EPD have surged 16% over the past year, outpacing the 14.7% improvement of the composite stocks belonging to the industry. Image Source: Zacks Investment Research From a valuation standpoint, EPD trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 10.18X. This is below the broader industry average of 11.56X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for EPD's 2025 earnings hasn't been revised over the past seven days. Image Source: Zacks Investment Research EPD stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Enterprise Products Partners L.P. (EPD) : Free Stock Analysis Report Energy Transfer LP (ET) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
07-07-2025
- Business
- Globe and Mail
Enterprise Products After Ethane Export Ban: Opportunity or Overhang?
Enterprise Products Partners EPD recently disclosed in an 8K filing, about the receipt of a letter from the Bureau of Industry and Security ('BIS'), U.S. Department of Commerce. The letter signifies the removal of previous restrictions on ethane exports to China or entities linked to the Chinese military, boosting investors' sentiments for the operator of a marine export terminal located along the Houston Ship Channel. Enterprise Products plays a key role in the midstream space by handling everything from gathering natural gas to processing, transporting, and storing it. After processing natural gas liquids (NGL) from natural gas, EPD transports the NGLs through its pipeline network. After that, through the process of fractionation at specialized plants, the partnership engages in separating the NGL mixture into its components, such as ethane. Enterprise Products' midstream services also include storing the components and loading these products onto ships at its marine export terminal for overseas export. Now, the resumption of ethane exports to China is likely to generate cash flows for Enterprise Products. From transporting natural gas, to processing it into NGLs and transporting and loading NGLs like ethane, the partnership will generate stable fee-based revenues, which is beneficial for investors. However, given the ongoing U.S.-China tensions, EPD's overall risk persists. WMB & ET Also Have NGL Midstream Assets The Williams Companies, Inc. WMB has a 50% ownership interest in The Overland Pass Pipeline. WMB stated that the pipeline network covers 760 miles, transporting NGL to the Mid-Continent market hub located in Conway, KS, from Opal, WY. The pipeline network of Williams Companies has a daily capacity of 245,000 barrels of NGL. Energy Transfer LP ET is also involved in transporting NGL. The pipeline network of ET, transporting NGL, spans approximately 5,700 miles. Energy Transfer noted that the pipeline network has a daily transportation capacity of three million barrels. EPD's Price Performance, Valuation & Estimates Units of EPD have surged 16% over the past year, outpacing the 14.7% improvement of the composite stocks belonging to the industry. From a valuation standpoint, EPD trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 10.18X. This is below the broader industry average of 11.56X. The Zacks Consensus Estimate for EPD's 2025 earnings hasn't been revised over the past seven days. EPD stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> 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 Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis Report
Yahoo
03-07-2025
- Business
- Yahoo
Synopsys Issues Statement in Connection to the Lifting of Recent U.S. Export Restrictions Related to China
SUNNYVALE, Calif., July 2, 2025 /PRNewswire/ -- Today, Synopsys, Inc. (Nasdaq: SNPS) issued the below statement in connection with the lifting of recent U.S. export restrictions related to China. On July 2, Synopsys received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce informing Synopsys that the export restrictions related to China, pursuant to a letter received on May 29, 2025, have now been rescinded, effective immediately. Synopsys is working to restore access to the recently restricted products in China. Synopsys is continuing to assess the impact of export restrictions related to China on its business, operating results and financials. About SynopsysCatalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at INVESTOR CONTACT:Trey CampbellSynopsys, Inc.650-584-4289Synopsys-ir@ EDITORIAL CONTACT:Cara WalkerSynopsys, Inc.650-584-5000corp-pr@ Cautionary Statement Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the restoration of access of Synopsys products to our customers in China and the potential impact of the export restrictions. These statements involve risks, uncertainties and other factors, including those factors listed in Synopsys' most recent reports on Form 10-K and Form 10-Q, that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. The information provided herein is as of July 2, 2025. Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law. View original content to download multimedia: SOURCE Synopsys, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
02-07-2025
- Business
- Bloomberg
Enterprise Says US Has Lifted Rules for Ethane Exports to China
Enterprise Products Partners said the US government has removed license requirements for shipping ethane to China, clearing the way for deliveries to the country's ports without additional approvals. The Bureau of Industry and Security said the rules — which were put in place last month and required licenses for exports or transfers of ethane to Chinese parties — have now been rescinded, Enterprise said in a filing. Parties can offload ethane directly in China without seeking separate US authorization, the company said. Reuters reported the news earlier.
