Post by
ztransforms173 on Nov 16, 2024 12:07pm
Their 2024 BUDGET Has OVERDRAFTED By ONLY $ 20 Million ?
- from the REVISED Q3/2024 news release GUIDANCE
- with DEPRESSED NG prices
- with a $ 0.10 QUARTERLY DIVIDEND PAYMENT
* COST: $ 108 million on an ANNUAL BASIS
- $ 20 million is ~ 7.5 CENTS PER BIR SHARE
- so they WANT TO CAP TOTAL DEBT at
$ 535 million
- @ 9/30/2024
NET DEBT: $ 515,553,000
- MyTake:
- they will SET DIVIDEND POLICY in 2025 so that the BIR TOTAL DEBT does NOT EXCEED $ 535 million and HOPEFULLY BIR will be in a POSITION to REDUCE their TOTAL DEBT given the 'EXPECTED' FREE FUNDS FLOW in 2025
- FUNDING DIVIDENDS with DEBT will NO LONGER BE PERMITTED in FISCAL 2025
- we will GET a GOOD SNAPSHOT when they RELEASED their 2025 CAPEX BUDGET in January 2025
z173