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• 11/27/2017 - Genesis Energy Launches Open Season on Powder River Gathering System; Reports New Acreage Dedications
• 10/18/2017 - ExxonMobil Acquires Permian Basin Crude Oil Terminal from Genesis Energy
• 9/1/2017 - Tronox Announces Sale of Alkali Chemicals Business to Genesis Energy, L.P.
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Press Releases

8/9/2019 - Alerian Reports June 30, 2019 Index Linked Product Positions
X
Alerian Reports June 30, 2019 Index Linked Product Positions
Source: PR Newswire
DALLAS, Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019, total products directly tied to and tracking the Alerian indices was $13.7 billion.
Exchange traded funds, exchange traded notes, return of capital notes, and variable insurance portfolios represent $12.7 billion of the total $13.7 billion. Below is a list of energy master limited partnership (MLP) positions, as of June 28, 2019, in the $12.7 billion of such assets tracking Alerian's indices.
Ticker	Exposure in Alerian Linked-Products ($)	Exposure in Alerian Linked-Products (Units)		Ticker	Exposure in Alerian Linked-Products ($)	Exposure in Alerian Linked-Products (Units)
AM	2,402,831	209,671		HESM	7,694,422	394,586
AMID	4,919,211	951,492		MMLP	5,598,671	784,128
ANDX	403,075,523	11,094,840		MMP	1,276,581,260	19,946,582
BPL	782,332,474	19,058,038		MPLX	1,273,711,451	39,568,545
BPMP	18,205,543	1,176,069		NBLX	89,522,800	2,691,606
CEQP	220,495,699	6,164,263		NGL	214,053,630	14,492,460
CNXM	14,513,491	1,032,989		NS	331,580,260	12,217,401
CQP	214,074,794	5,075,268		OMP	5,663,726	263,429
DCP	329,731,673	11,253,641		PAA	1,305,749,277	53,624,200
DKL	6,791,101	212,222		PAGP	7,638,294	305,899
ENBL	153,164,680	11,171,749		PBFX	16,284,545	770,319
ENLC	327,210,823	32,429,219		PSXP	342,743,828	6,945,164
EPD	1,277,755,891	44,258,950		SHLX	319,209,192	15,405,849
EQM	462,044,829	10,341,200		SMLP	7,589,588	1,020,106
ET	1,262,122,882	89,639,409		TCP	253,540,259	6,739,507
GEL	298,090,775	13,611,451		TGE	419,509,147	19,872,532
GPP	3,882,098	277,293		USDP	3,861,679	342,044
HEP	156,422,759	5,688,100		WES	773,416,245	25,135,400
About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of June 28, 2019, nearly $14 billion of products, including exchange traded funds and notes, are directly tied to and tracking the Alerian Index Series. Visit alerian.com to learn more.
View original content:http://www.prnewswire.com/news-releases/alerian-reports-june-30-2019-index-linked-product-positions-300899499.html
SOURCE Alerian

Article Date
8/9/2019
Close
2/21/2019 - Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Utility Index
X
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Utility Index
Source: PR Newswire
DALLAS, Feb. 21, 2019 /PRNewswire/ -- Cushing^® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing^® Utility Index (the "Index") as part of normal index operations. After the markets close on February 28, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on March 1, 2019:
Constituents added:
Genesis Energy, L.P. (NYSE: GEL)
EnLink Midstream, LLC (NYSE: ENLC)
Tallgrass Energy, LP (NYSE: TGE)
Sunoco LP (NYSE: SUN)
Atmos Energy Corporation (NYSE: ATO)
Constituents removed:
Alliance Resource Partners, L.P. (NASDAQ: ARLP)
Andeavor Logistics LP (NYSE: ANDX)
Crestwood Equity Partners LP (NYSE: CEQP)
MPLX LP (NYSE: MPLX)
ABOUT THE CUSHING^® UTILITY INDEX
The Cushing^® Utility Index tracks the performance of widely held companies engaged in electric, gas and water utility services as well as master limited partnerships (MLPs) engaged in storage and transportation of oil, natural gas, coal and consumable fuels. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CUTI".
ABOUT CUSHING^® ASSET MANAGEMENT AND SWANK CAPITAL
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI) and The Cushing^® Transportation Index (Bloomberg Ticker: CTRI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Brian Atwood
214-692-6334
www.cushingasset.com
The Cushing^® Utility Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index.  S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CUTI
 
View original content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-utility-index-300799539.html
SOURCE Cushing Asset Management, LP; Swank Capital, LLC

Article Date
2/21/2019
Close
2/21/2019 - Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Index
X
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Index
Source: PR Newswire
DALLAS, Feb. 21, 2019 /PRNewswire/ -- Cushing^® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing^® Energy Index (the "Index") as part of normal index operations. After the markets close on February 28, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on March 1, 2019:
Constituents added:
Genesis Energy, L.P. (NYSE: GEL)
EnLink Midstream, LLC (NYSE: ENLC)
Tallgrass Energy, LP (NYSE: TGE)
Sunoco LP (NYSE: SUN)
Constituents removed:
Alliance Resource Partners, L.P. (NASDAQ: ARLP)
Andeavor Logistics LP (NYSE: ANDX)
Crestwood Equity Partners LP (NYSE: CEQP)
MPLX LP (NYSE: MPLX)

ABOUT THE CUSHING^® ENERGY INDEX
The Cushing^® Energy Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, and storage and transportation of oil, natural gas, coal and consumable fuels, as well as oil and natural gas equipment and services companies. Constituents of the Index are weighted based on current yield. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CENI".
ABOUT CUSHING^® ASSET MANAGEMENT AND SWANK CAPITAL
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of midstream energy infrastructure companies and other natural resource companies.
Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Brian Atwood
214-692-6334
www.cushingasset.com
The Cushing^® Energy Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index.  S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CENI
 
View original content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-energy-index-300799547.html
SOURCE Cushing Asset Management, LP; Swank Capital, LLC

Article Date
2/21/2019
Close
1/15/2019 - Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index
X
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index
Source: PR Newswire
DALLAS, Jan. 15, 2019 /PRNewswire/ -- Cushing^® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing^® 30 MLP Index (the "Index"). On October 21, 2018, Index constituent EnLink Midstream Partners, LP (NYSE: ENLK) entered into an Agreement and Plan of Merger ("Merger Agreement") with Index constituent EnLink Midstream, LLC (NYSE: ENLC) and affiliated entities wherein ENLC would acquire ENLK, subject to the approval of ENLK unitholders. A special meeting of ENLK unitholders is scheduled for January 23, 2019, for the purpose of voting on the Merger Agreement. Per the Index's methodology guide, after the market closes on January 23, 2019, and effective on January 24, 2019, Genesis Energy, L.P. (NYSE: GEL) will replace ENLK as a constituent of the Index at ENLK's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
ABOUT THE CUSHING^® 30 MLP INDEX
The Cushing^® 30 MLP Index tracks the performance of 30 publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). Constituents of the Index are selected by using a formula-based proprietary valuation model developed by Cushing^® Asset Management, LP to rank Midstream Companies for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPX".
ABOUT CUSHING^® ASSET MANAGEMENT AND SWANK CAPITAL
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of Midstream Companies and other natural resource companies.
Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing^® MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing^® 30 MLP Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-MLPX
 
View original content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-a-constituent-change-to-the-cushing-30-mlp-index-300778228.html
SOURCE Cushing® Asset Management, LP; Swank Capital, LLC

Article Date
1/15/2019
Close
11/2/2018 - Swank Capital and Cushing® Asset Management Announce a Rebalance of The Cushing® MLP Market Cap Index
X
Swank Capital and Cushing® Asset Management Announce a Rebalance of The Cushing® MLP Market Cap Index
Source: PR Newswire
DALLAS, Nov. 2, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim rebalance of The Cushing^® MLP Market Cap Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the November 2, 2018, distribution cut announcement by Buckeye Partners, L.P. (NYSE: BPL), after the market closes on November 9, 2018, (the distribution ex-date) and effective on November 12, 2018, Genesis Energy, L.P. (NYSE: GEL) will replace BPL as a constituent of the Index at BPL's then-current weight.
There will be no changes to the remaining constituents of the Index due to this event.
ABOUT THE CUSHING^® MLP MARKET CAP INDEX
The Cushing^® MLP Market Cap Index provides a benchmark that is designed to track the performance of widely held midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). The Index is weighted on a float-adjusted market capitalization basis, with the weight of each constituent capped at 7.5% at rebalance. The Index price level is calculated by S&P Dow Jones Indices while the constituents are selected from the entire universe of publicly traded Midstream Companies. The Cushing^® MLP Market Cap Index is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "CMCI".
ABOUT SWANK CAPITAL AND CUSHING^® ASSET MANAGEMENT
Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of Midstream Companies and other natural resource companies.
Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing^® 30 MLP Index (Bloomberg Ticker: MLPX), The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY) ), The Cushing^® Energy Index (Bloomberg Ticker: CENI), The Cushing^® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing^® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing^® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® MLP Market Cap Index (the "Index") is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and, these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
CUSH-CMCI
View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-rebalance-of-the-cushing-mlp-market-cap-index-300743124.html
SOURCE Swank Capital, LLC and Cushing® Asset Management, LP

Article Date
11/2/2018
Close
8/1/2018 - Alerian Reports June 30, 2018 Index Linked Product Positions
X
Alerian Reports June 30, 2018 Index Linked Product Positions
Source: PR Newswire
DALLAS, Aug. 1, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $15.0 billion as of June 30, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds.
Below is a full list of energy master limited partnership (MLP) positions, as of June 30, 2018, in products linked to the Alerian Index Series.
Ticker	Exposure in Alerian Linked- Products ($)	Exposure in Alerian Linked- Products (Units)		Ticker	Exposure in Alerian Linked- Products ($)	Exposure in Alerian Linked- Products (Units)
AM	305,257,484	10,340,701		HEP	151,911,915	5,375,510
AMGP	1,164,270	61,732		MMP	1,501,453,809	21,735,000
ANDX	446,822,576	10,506,056		MPLX	1,162,174,520	34,041,433
APU	58,778,057	1,392,185		NBLX	22,166,701	434,130
ARLP	25,591,033	1,394,607		NGL	165,162,738	13,213,019
BPL	604,497,037	17,197,640		NS	210,933,016	9,312,716
BPMP	20,189,424	961,859		NSH	239,822	19,340
BWP	170,678,160	14,688,310		PAA	1,177,071,579	49,791,522
CEQP	183,499,246	5,779,504		PAGP	3,213,393	134,395
CQP	173,601,824	4,828,980		PSXP	318,554,875	6,238,834
CVRR	20,028,626	896,135		RMP	147,346,450	8,657,253
DCP	421,401,442	10,654,904		SEP	341,382,494	9,638,128
DM	13,475,016	990,810		SHLX	322,823,077	14,554,692
EEP	277,227,481	25,363,905		SMLP	12,744,536	827,567
ENBL	176,973,526	10,343,280		SPH	28,830,596	1,227,356
ENLC	853,859	51,906		SUN	27,065,571	1,084,358
ENLK	303,905,691	19,568,943		TCP	165,868,659	6,391,856
EPD	1,503,782,388	54,347,032		TEGP	386,005,955	17,419,041
EQGP	355,540	15,123		TGP	18,444,324	1,094,619
EQM	356,373,011	6,907,792		USAC	16,751,289	995,323
ETE	6,023,303	349,177		VLP	17,131,051	449,988
ETP	1,481,856,983	77,828,623		VNOM	25,953,041	813,320
GEL	281,851,288	12,864,048		WES	571,788,034	11,816,244
GLOP	14,609,467	612,556		WGP	826,761	23,126
GMLP	15,169,006	981,178		WPZ	1,218,967,796	30,031,234
HCLP	18,789,000	1,592,288
About Alerian
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of June 30, 2018, over $15 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.
View original content:http://www.prnewswire.com/news-releases/alerian-reports-june-30-2018-index-linked-product-positions-300690263.html
SOURCE Alerian

Article Date
8/1/2018
Close
2/21/2018 - Alerian Reports December 31, 2017 Index Linked Product Positions
X
Alerian Reports December 31, 2017 Index Linked Product Positions
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
DALLAS, Feb. 21, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $16.3 billion as of December 31, 2017. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds.
Below is a full list of energy master limited partnership (MLP) positions, as of December 31, 2017, in products linked to the Alerian Index Series.
Ticker	Exposure in Alerian Linked- Products ($)	Exposure in Alerian Linked- Products (Units)		Ticker	Exposure in Alerian Linked- Products ($)	Exposure in Alerian Linked- Products (Units)
AM	318,072,149	10,952,898		MMP	1,644,568,414	23,182,526
AMGP	754,587	38,265		MPLX	1,279,929,181	36,084,837
ANDX	516,099,522	11,173,404		NBLX	21,404,873	428,097
APU	76,556,528	1,655,992		NGL	195,952,022	13,946,763
ARLP	20,166,275	1,023,669		NS	296,565,295	9,902,013
BPL	908,164,717	18,328,249		NSH	236,356	15,055
BWP	201,509,203	15,608,769		PAA	1,085,692,515	52,601,382
CEQP	30,317,020	1,175,078		PAGP	3,567,709	162,538
CQP	30,774,953	1,038,291		PSXP	303,822,210	5,803,672
DCP	411,714,791	11,332,639		RMP	197,598,050	9,203,449
DM	186,044,367	6,109,831		SEP	397,826,315	10,061,364
EEP	372,358,764	26,962,981		SHLX	369,468,507	12,389,957
ENBL	30,305,242	2,131,170		SMLP	20,113,987	981,170
ENLC	1,134,945	64,485		SPH	35,347,307	1,459,426
ENLK	317,615,016	20,664,607		SUN	36,559,156	1,287,294
EPD	1,672,410,145	63,086,011		TCP	350,896,258	6,608,216
EQGP	315,059	11,712		TEGP	1,533,669	59,583
EQM	536,502,790	7,339,299		TEP	269,478,027	5,877,383
ETE	6,574,648	380,918		TGP	26,220,374	1,301,259
ETP	1,669,396,449	93,158,284		VLP	23,823,578	535,361
GEL	300,264,393	13,434,648		VNOM	20,179,418	864,956
GLOP	17,814,465	719,776		WES	604,184,334	12,563,617
GMLP	26,442,305	1,159,750		WGP	664,201	17,874
HEP	168,157,229	5,175,661		WPZ	1,231,920,496	31,766,903
About Alerian
Alerian equips investors to make informed decisions about Master Limited Partnerships (MLPs) and energy infrastructure. Its benchmarks, including the flagship Alerian MLP Index (AMZ), are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of December 31, 2017, over $16 billion was directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.
 
View original content:http://www.prnewswire.com/news-releases/alerian-reports-december-31-2017-index-linked-product-positions-300602316.html
SOURCE Alerian

Article Date
2/21/2018
Close
9/1/2017 - Tronox Limited Completes Sale of its Alkali Chemicals Business
X
Tronox Limited Completes Sale of its Alkali Chemicals Business
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
STAMFORD, Conn., Sept. 1, 2017 /PRNewswire/ -- Tronox Limited (NYSE:TROX) today announced that it has completed the sale of its Alkali Chemicals business to Genesis Energy, L.P. (NYSE: GEL) previously announced on August 2, 2017. The purchase price was approximately $1.325 billion inclusive of approximately $106 million of non-cash net working capital. 
"The sale of Alkali Chemicals is an important step in positioning Tronox as the global leader in the titanium dioxide (TiO₂) industry. The proceeds will be used to fund the majority portion of the cash consideration for the acquisition of the TiO₂ assets of Cristal, which is expected to close by the first quarter of 2018," said Tronox chief executive officer Peter Johnston. 
Credit Suisse is acting as financial advisor to Tronox for both the Cristal and Alkali transactions and Kirkland & Ellis LLP and Willkie Farr & Gallagher LLP are Tronox's legal advisors. 
About Tronox
Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. For more information, visit www.tronox.com.
Media Contact: Bud Grebey
Direct: +1.203.705.3721
Investor Contact: Brennen Arndt
Direct: +1.203.705.3722
 
View original content with multimedia:http://www.prnewswire.com/news-releases/tronox-limited-completes-sale-of-its-alkali-chemicals-business-300512946.html
SOURCE Tronox Limited

Article Date
9/1/2017
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8/3/2017 - Tronox Signs Definitive Agreement to Sell Alkali Chemicals Business
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Tronox Signs Definitive Agreement to Sell Alkali Chemicals Business
Source: PR Newswire
STAMFORD, Conn., Aug. 2, 2017 /PRNewswire/ -- Tronox Limited (NYSE:TROX) announced today that it has signed a definitive agreement to sell its Alkali Chemicals business to Genesis Energy, L.P. (NYSE:GEL), a diversified midstream energy master limited partnership headquartered in Houston, Texas, for $1.325 billion in cash.  The transaction is expected to close in the second half of 2017, subject to customary regulatory approvals and closing conditions. 
Alkali Chemicals is the world's largest producer of natural soda ash with its mining and processing facilities located in Green River, Wyo.  Alkali's products are used in glass manufacturing, detergents, baked goods, animal nutrition supplements, pharmaceuticals, and other essential products.
Peter Johnston, chief executive officer of Tronox, said:  "We were pleased to have received significant interest in our Alkali business from multiple potential buyers. Genesis' proposal was the most compelling for its overall value, with its combination of price, favorable contract terms, speed to closing, committed financing, and expected ease of regulatory approvals.  These considerations, in aggregate, provided the highest level of certainty to Tronox.  We anticipate being able to close this transaction prior to our planned closing of the Cristal TiO₂ acquisition.
"Alkali Chemicals has consistently delivered strong operational and financial performance.  The caliber of the Alkali workforce and their commitment to safe, high-quality production are unmatched in the natural soda ash industry.  I thank the leadership team and all Alkali employees for their contributions to Tronox," said Johnston.
The sale of Alkali Chemicals is the next step in positioning Tronox as the global leader in TiO_2.  The proceeds will be used to fund the majority portion of the cash consideration for the Cristal TiO₂ acquisition, which is expected to close by the first quarter of 2018.  As an integral part of this strategy, the company announced its intention to refinance a portion of its capital structure.  Net debt leverage of approximately 4.5x trailing twelve months pro forma EBITDA before synergies is expected at the closing of the Cristal transaction. 
Credit Suisse is acting as financial advisor to Tronox for both the Cristal and Alkali transactions and Kirkland & Ellis LLP and Willkie Farr & Gallagher LLP are Tronox's legal advisors. 
Second Quarter 2017 Selected Preliminary Financial Results
"We are also very pleased to report strong preliminary results for the second quarter of 2017 with revenue up 16 percent over prior year, adjusted EBITDA of $140 million and adjusted EPS of $0.09," said Johnston. 
• Revenue of $622 million up 16 percent versus prior year; TiO₂ revenue up 26 percent
• GAAP diluted EPS of $0.02; adjusted EPS of $0.09 (Non-GAAP)
• Income from operations of $55 million; adjusted EBITDA of $140 million up 97 percent versus prior year (Non-GAAP)
• TiO₂ income from operations of $61 million up more than seven-fold and adjusted EBITDA of $123 million up 116 percent versus prior year; adjusted EBITDA margin of 29 percent
• TiO₂ pigment selling prices 7 percent above prior quarter and 18 percent above prior-year quarter
• Alkali income from operations of $23 million up 92 percent and adjusted EBITDA of $41 million up 41 percent versus prior year
• Loss from sale related to the Alkali transaction is expected to be approximately $200 million in the second half of the year
Johnston concluded: "We see the momentum in our TiO₂ business continuing across the balance of this year and expect to benefit from additional pigment selling price increases, favorable market conditions for titanium feedstock and co-products, and continued strong cost performance.  We are confident that 2017 will be a year of strong performance and that 2018 will be a transformational one for Tronox.  Cristal TiO₂ integration planning is proceeding on schedule so that we can from day one begin to realize the substantial value creation enabled by our combination."
Tronox plans to report its full second quarter 2017 financial results on the schedule previously announced with a press release issued on Tuesday, August 8, 2017, after the market close and a webcast conference call held on Wednesday, August 9, 2017, at 8:30 a.m. ET (New York).  Call-in details are provided later in this release. 
Tronox has not yet finalized its financial statement close process for the quarter ended June 30, 2017.  As a result, the information in this statement is preliminary and based upon information available to the Company as of the date of the statement.  In connection with the finalization process, Tronox may identify items that would require adjustments to its preliminary financial results announced herein. The company's financial results could be different, and those differences could be material. The preliminary financial results have been prepared by and are the responsibility of Tronox management. Our auditors, PricewaterhouseCoopers LLP, have not audited the accompanying preliminary financial data.
Capital Structure Refinancing
Tronox also announced its intent to refinance a portion of its capital structure with the expectation of lowering its overall cost of debt while extending the portfolio's weighted average years to maturity.  The company expects to improve its mix of secured and unsecured debt and achieve more favorable covenants.  The company also expects the new debt will provide additional pay down flexibility as the combination of Tronox's and Cristal's TiO₂ businesses is expected to generate substantial additional free cash flow.  Net debt leverage of approximately 4.5x trailing twelve months pro forma EBITDA before synergies is expected at the closing of the Cristal transaction.  Further decreases in net leverage are anticipated during the period following the Cristal closing.
The Company anticipates completing the refinancing by mid-October.  The proposed refinancing is subject to market conditions, and there can be no assurances that the proposed refinancing will be completed.
Second Quarter 2017 Financial Results Release and Webcast Conference Call
Financial Results Release: Tuesday, August 8, 2017, after the market close via PR Newswire and the Tronox Limited website: tronox.com
Webcast Conference Call: Wednesday, August 9, 2017, at 8:30 a.m. ET (New York).  The live call is open to the public via Internet broadcast and telephone.
Internet Broadcast:  http://www.tronox.com/
Dial-in telephone numbers:
U.S. / Canada: +1.877.831.3840
International: +1.253.237.1184
Conference ID: 54296385
Conference Call Presentation Slides will be used during the conference call and are available on our website at http://www.tronox.com/
Webcast Conference Call Replay: Available via the Internet and telephone beginning on Wednesday, August 9, 2017 at 10:30 a.m. ET (New York), until 1:00 p.m. ET (New York), on Monday, August 14, 2017.
Internet Replay: www.tronox.com
Replay dial-in telephone numbers:
U.S. / Canada: +1.855.859.2056
International: +1.404.537.3406
Conference ID: 54296385
About Tronox
Tronox Limited operates two vertically integrated mining and inorganic chemical businesses. Tronox TiO₂ mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. Tronox Alkali mines trona ore and manufactures natural soda ash, sodium bicarbonate, caustic soda, and other compounds which are used in the production of glass, detergents, baked goods, animal nutrition supplements, pharmaceuticals, and other essential products.  For more information, visit www.tronox.com
Additional Information and Where to Find It
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval. In connection with the Transaction Agreement (the "Cristal Transaction Agreement"), by and between Tronox Limited (the "Company"), The National Titanium Dioxide Company ("Cristal") and Cristal Inorganic Chemicals Netherlands Coöperatief W.A. (the "Cristal Transaction"), the Company has filed, and intends to file, relevant materials with the U.S. Securities and Exchange Commission ("SEC").  The Company filed a preliminary proxy statement with the SEC on June 30, 2017. Investors and Security holders are urged to read the proxy statement (including all amendments and supplements thereto) and all other relevant documents regarding the proposed Cristal Transaction filed with the SEC or sent to shareholders as they become available as they will contain important information about the Cristal Transaction. You may obtain a free copy of the proxy statement and other relevant documents filed by the Company with the SEC at the SEC's website at www.sec.gov. Copies of documents filed by the Company with the SEC will be available free of charge on the Company's website at www.tronox.com or by contacting the Company's Investor Relations at +1.203.705.3800.
Certain Information Regarding Participants
The Company, Cristal and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Cristal Transaction. You can find information about the Company's directors and executive officers in the Company's definitive annual proxy statement filed with the SEC on March 16, 2017. Additional information regarding the interests of such potential participants is included in the preliminary proxy statement regarding the Cristal Transaction, and will be included in other relevant documents filed with the SEC.
Forward Looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. These and other risk factors are discussed in the company's filings with the SEC, including those under the heading entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2016.
Significant risks and uncertainties may relate to, but are not limited to, the risk that the Alkali sale transaction does not close due to a failure of a closing condition or termination of the Alkali purchase agreement in accordance with its terms causing the Company to seek alternative financing for the Cristal Transaction, the risk that the Cristal Transaction will not close, including by failure to obtain shareholder approval, failure to obtain any necessary financing or the failure to satisfy other closing conditions under the Cristal Transaction Agreement or by the termination of the Cristal Transaction Agreement; failure to plan and manage the Cristal Transaction effectively and efficiently; the risk that a regulatory approval that may be required for the Cristal Transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; the risk that expected synergies will not be realized or will not be realized within the expected time period; unanticipated increases in financing and other costs, including a rise in interest rates; reduced access to unrestricted cash; compliance with our bank facility covenants; the price of our shares; general market conditions; our customers potentially reducing their demand for our products; more competitive pricing from our competitors or increased supply from our competitors; operating efficiencies and other benefits expected from the Cristal Transaction.
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information or future developments.
Media Contact: Bud Grebey
Direct: +1.203.705.3721
Investor Contact: Brennen Arndt
Direct: +1.203.705.3722
 
View original content with multimedia:http://www.prnewswire.com/news-releases/tronox-signs-definitive-agreement-to-sell-alkali-chemicals-business-300498860.html
SOURCE Tronox Limited

Article Date
8/3/2017
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