Latest news with #Outrigger
Hospitality Net
19-05-2025
- Business
- Hospitality Net
OUTRIGGER Resorts Earns Top Global Honors in Tripadvisor Travelers' Choice Awards
HONOLULU - OUTRIGGER Resorts & Hotels is pleased to report that three of its properties earned prestigious Travelers' Choice Awards Best of the Best accolades from Tripadvisor, a distinction reserved for fewer than 1% of their eight million listings around the world. Standing out as the only resort in Hawai'i to be named among the Top 25 Hotels in the United States, the newly reimagined OUTRIGGER Reef Waikīkī Beach Resort earned top honors for delivering an unmatched blend of barefoot luxury, local culture and heartfelt hospitality. This singular achievement reinforces the property's status as a cultural gem on Waikīkī Beach and a cornerstone of OUTRIGGER's global portfolio. Also recognized for achieving the highest level of excellence in travel was the OUTRIGGER Maldives Maafushivaru Resort as a Best of the Best All-Inclusive Resort in the Maldives and OUTRIGGER Fiji Beach Resort as a Best of the Best Luxury Resort in the South Pacific – reaffirming OUTRIGGER's global reputation for elevated guest experiences. The awards are presented to properties that receive a high volume of above-and-beyond reviews and opinions from travelers who visited the properties and left authentic, first-hand reviews on Tripadvisor from January 1, 2024 through December 31, 2024, making them a valuable and trustworthy designation of travelers' favorites. We are proud to be recognized by our guests from around the world. This recognition reflects the heartfelt hospitality and commitment of our hosts to providing unforgettable experiences to our visitors. Sean Dee, Executive Vice President & Chief Commercial Officer at OUTRIGGER Hospitality Group In addition to the elite honors, numerous OUTRIGGER properties also received Travelers' Choice Awards, placing them among the top 10% of listings worldwide. Recognized properties include: Castaway Island, Fiji (Fiji) OUTRIGGER Honua Kai Resort & Spa (Hawai'i) OUTRIGGER Kā'anapali Beach Resort (Hawai'i) OUTRIGGER Kaua'i Beach Resort & Spa (Hawai'i) OUTRIGGER Koh Samui Beach Resort (Thailand) OUTRIGGER Kona Resort & Spa (Hawai'i) OUTRIGGER Mauritius Beach Resort (Mauritius) OUTRIGGER Surin Beach Resort (Thailand) OUTRIGGER Waikīkī Beach Resort (Hawai'i) OUTRIGGER Waikīkī Beachcomber Hotel (Hawai'i) OUTRIGGER Waikīkī Paradise Hotel (Hawai'i) To further elevate the OUTRIGGER guest experience, the award-winning GHA DISCOVERY loyalty program provides members with exclusive perks – including preferred rates, complimentary room upgrades and DISCOVERY Dollars (D$) redeemable at OUTRIGGER Resorts & Hotels and across the GHA DISCOVERY global portfolio. From unwinding on Hawai'i's sun-kissed shores to exploring the turquoise waters of the Maldives or Fiji, members enjoy truly memorable stays at iconic OUTRIGGER destinations. By partnering with the Global Hotel Alliance (GHA), OUTRIGGER has extended its worldwide reach while maintaining the distinctive character and hospitality its guests know and love. Congratulations to OUTRIGGER Resorts & Hotels on its recognition in Tripadvisor's Travelers' Choice Awards for 2025. Ranking among the top percentage of businesses globally means you have made such a memorable impact on your visitors that many of them took time to go online and leave a glowing review about their experience. We hope this recognition continues to drive business to you in 2025 and beyond. Kristen Dalton, President, Tripadvisor About Outrigger Hospitality Group For 75 years, Outrigger has charted a journey of discovery – expanding from Hawaii to premier resort destinations including Fiji, Mauritius, Thailand and the Maldives. The privately held hospitality company invites guests to "Come Be Here' with authentic Signature Experiences and the Outrigger DISCOVERY loyalty programme. Outrigger's multi-branded portfolio includes Outrigger® Resorts, OHANA Hotels by Outrigger®, Hawaii Vacation Condos by Outrigger®, Kapalua Villas Maui and Honua Kai Resort & Spa Maui while also managing select properties from top international hotel brands including Embassy Suites by Hilton®, Best Western® and Hilton Grand Vacations®. Find out more at or visit @OutriggerResorts on Facebook, Instagram and Twitter.
Yahoo
17-04-2025
- Business
- Yahoo
Kinder Morgan Inc (KMI) Q1 2025 Earnings Call Highlights: Navigating Growth Amid Market Volatility
Dividend: Declared at $0.2925 per share, annualized to $1.17, up 2% from last year. Net Income: $717 million, down 4% from the previous year. Earnings Per Share (EPS): $0.32, down $0.01 from last year. Adjusted Net Income: $766 million, up 1% from last year. Adjusted EPS: $0.34, flat compared to last year. Net Debt: $32.8 billion, with a net debt to adjusted EBITDA ratio of 4.1 times. Natural Gas Demand: Record demand with a 6.8 Bcf/day increase, driven by a 10% rise in residential and commercial demand and a 15% increase in LNG demand. Project Backlog: Increased by $900 million, totaling $8.8 billion. Transport Volumes: Up 3% compared to Q1 2024. Gathering Volumes: Down 6% compared to Q1 2024. Refined Products Volumes: Up 2% compared to Q1 2024. Crude and Condensate Volumes: Up 4% compared to Q1 2024. Liquids Lease Capacity: High at 94%. Jones Act Tanker Fleet: 97% leased through 2025. CO2 Segment Oil Production: Slightly lower by 1% compared to Q1 2024. Adjusted EBITDA Growth: Expected to increase to 5% with the Outrigger acquisition. Full-Year Net Debt to Adjusted EBITDA: Expected to end at 3.8 times. Warning! GuruFocus has detected 10 Warning Signs with KMI. Release Date: April 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kinder Morgan Inc (NYSE:KMI) reported strong natural gas performance, with record demand driven by a 10% increase in residential and commercial demand and a 15% increase in LNG demand. The company added approximately $900 million to its project backlog, with over 70% focused on serving power demand, indicating strong future growth potential. KMI's financial results were in line with expectations, and the company expects to exceed its budget for the year, partly due to the Outrigger acquisition. The company has a resilient business model, with almost two-thirds of EBITDA generated from take-or-pay contracts, providing stability amid market volatility. KMI's strategic positioning with 70,000 miles of gas pipelines and a significant presence in key demand areas like the Gulf Coast and Southeastern United States supports future expansion opportunities. There is uncertainty regarding the impact of tariffs on project economics, although KMI has taken steps to mitigate potential effects. Natural gas gathering volumes were down 6% in the quarter compared to the first quarter of 2024, primarily due to lower Haynesville production. The company experienced a 4% decline in net income attributable to KMI, partly due to unfavorable mark-to-market on hedges. KMI's gathering business, which is roughly 8% of its overall business, faces potential challenges if oil prices remain low, affecting producer activity. The company is cautious about the potential impact of economic volatility and commodity price fluctuations on its outlook for the year. Q: Can you discuss the potential additional gas pipeline investments with utilities and data centers? How has the pace of discussions with customers evolved since the last earnings call? A: Sital Mody, Vice President, President - Natural Gas Pipelines, mentioned that the activity level is strong, with significant competition. Kinder Morgan is well-positioned, particularly with the Bridge project into South Carolina, which is a step towards growth in power and data center opportunities. Kimberly Dang, CEO, added that 70% of the backlog additions this quarter are related to power, and 50% of the overall backlog is power-related, indicating strong activity in the sector. Q: What is the progress in Arizona regarding pipeline expansion or new projects? A: Sital Mody stated that there is a recognized need in the Southwest, including Arizona, and Kinder Morgan is pursuing both brownfield and greenfield opportunities. While in a competitive situation, there is interest and a need for incremental capacity in the region. Q: With WTI prices dipping, how might this impact producer activity and Kinder Morgan's business? A: Kimberly Dang noted that the gathering business is a small part of Kinder Morgan's overall business. Conversations with producers have not indicated changes yet. In the Haynesville, a dry natural gas play, discussions have been more bullish, with potential for adding rigs beyond previous expectations. Sital Mody added that Kinder Morgan's assets are in Tier 1 areas, which have historically withstood price volatility well. Q: Are you seeing any early signs of recessionary demand in your markets? A: Kimberly Dang reported that demand is holding up well, with refined products volumes up 2% and strong natural gas demand. The expectation is for continued strong and growing natural gas demand, driven by LNG exports and storage refill needs, which are less susceptible to recessionary pressures. Q: Can you provide more details about the new Bridge project and its potential for expansion? A: Sital Mody indicated that South Carolina is experiencing rapid growth in power demand, with potential data center opportunities. The Bridge project establishes a platform for future growth, and while expansion possibilities are great, timing will depend on customer demand. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Toiletries in single use plastics may be checking out of hotels
HONOLULU (KHON2) — Those small toiletry amenities guests receive at hotels may soon come to an end. Officials hope it's a way to make Hawaii more eco-friendly and and lodging establishments may soon have to phase out the use of complimentary shampoos, conditioners and lotions packaged in single-use plastics. Bill looks to ban sale of single-use plastics at certain Hawaii facilities 'There's an incredible amount of single use plastic that we use every day that ends up in the landfill or maybe goes to H-power and ends up as landfill ash or just goes straight to the landfill on the islands,' stated Rep. Nicole Lowen, primary sponsor of HB 348. 'Microplastics being in our food and water and even in the air.' The measure aims to promote sustainable tourism and preserve Hawaii's natural resources. 'Hawaii really advertises itself as a place to come visit because of its beautiful natural environment,' said Rep. Lowen. 'There really isn't a sacrifice here. There will still be complimentary shampoo in hotel rooms.' Even before the bill was introduced, some hotels like the Outrigger, started the process of having bulk amenities at most of its resorts. They said four of their hotels in Hawaii have fully gotten rid of single-use plastics for something more sustainable. 'Less plastic waste, less product being wasted,' stated Mark Wornson, Outrigger's Corporate Director of Procurement & Vendor Management. 'Reducing single use plastics helps us with coral reef conservation, as well as just keeping our island homes clean.' The Outrigger also stopped giving out complimentary bottles of sunscreen and now makes it available through a large dispenser. 'We wanted to do something that was a little bit more sustainable, and so this just made sense,' stated Wornson, 'We've also moved our water bottles to a more sustainable solution in these reusable aluminum water bottles, as opposed to plastic bottles that are filled with water.' Check out more news from around Hawaii The bill is now making its way through the Senate. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-02-2025
- Business
- Yahoo
Outrigger Energy II Completes Sale of Its Williston Basin Midstream System
DENVER, February 18, 2025--(BUSINESS WIRE)--Outrigger Energy II LLC announced today that it has completed the sale of its midstream system in the Williston Basin of North Dakota to Hiland Partners Holdings LLC, a wholly owned subsidiary of Kinder Morgan, Inc. (NYSE: KMI) for $640 million. Outrigger's Williston Basin system includes a 270 MMcfd cryogenic gas processing plant, approximately 104 miles of high-pressure, large diameter gathering pipelines and 6,720 horsepower of field compression. Outrigger's high pressure gathering system extends across Williams and Mountrail Counties receiving gas from multiple high-capacity receipt points and the system is anchored by long-term, fee-based contracts with significant minimum volume commitments from several leading Williston Basin operators. Dave Keanini, Outrigger's President & CEO, stated, "The significant midstream system we developed, which includes the largest single-train cryogenic processing facility in North Dakota, is a career highlight. We are very proud of the exceptional results delivered by our team, particularly against the challenge of the Covid-19 pandemic during the construction phase. We appreciate the strong relationships we built with our customers and are confident that Kinder Morgan's extensive presence and expertise in the basin will provide substantial synergies with the Outrigger system to benefit area operators. Further, we are incredibly grateful for the consistent trust and support of our partners NGP and Brion G. Wise." Advisors Evercore served as lead financial advisor to Outrigger on the transaction. Citi also advised Outrigger. Vinson & Elkins acted as Outrigger's legal advisor. About Outrigger Energy II Outrigger Energy II LLC is a private, full service midstream energy that provides reliable and value-added services to its customers. Outrigger's core values include promoting safety across all aspects of the company and environmental stewardship within its communities. Outrigger is supported by equity commitments from NGP Energy Capital and an entity affiliated with Brion G. Wise. For more information, please visit About NGP NGP is a premier private equity firm that believes energy is essential to progress. Founded in 1988, NGP is moving energy forward by investing in innovation and empowering energy entrepreneurs in natural resources and energy transition. With over $24 billion of cumulative equity commitments, we back portfolio companies focused on responsibly solving and securing the energy needs of today and leading the way to a cleaner, more reliable, more affordable energy future. For more information, visit View source version on Contacts Public Relations(720) 638-7312info@
