Zacks Investment Research upgraded shares of SALZGITTER AG/ADR (OTCMKTS:SZGPY) from a sell rating to a hold rating in a research report released on Thursday.
Thanks, Wouter. On Slide 6 and 7, I’ll give insight into our full-year 2018 results, details around our fourth quarter miss versus our previous guidance and our 2019 expectations. Our 2018 DCF of $684 million was driven by record earnings on our NGL pipelines, margin and volume growth in our G&P segment and significant uplift from our Guadalupe pipeline. We upheld our track record of never cutting the distribution in our 13-year history and delivered a coverage ratio of 1.11 times for 2018.
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“Once you’ve got that done, then you get the lug and fit it to that joint. In the factory, they don’t do that. They actually lean on it, bend it, and tap it down because it’s a faster process. It is a lot more time-consuming to form the whole frame up and then fit each lug to each joint. Sometimes you’ve got to take it apart a few times, undo the jig, pull the head tube out. It can take an hour to fit a good lug properly.
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SALZGITTER AG/ADR (OTCMKTS:SZGPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Chapter 4 World Spiral Welded Pipes Productions, Supply and Sales Market 4.1 Production(Tons) and Market Share of the Spiral Welded Pipes Major Manufacturers Analysis in 2019 4.2 Revenue(M USD) and Market Share of the Spiral Welded Pipes Major Manufacturers Analysis in 2019
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