Welcome to our dedicated page for Arcadium Lithium plc news (Ticker: ALTM), a resource for investors and traders seeking the latest updates and insights on Arcadium Lithium plc stock.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) is a leading global producer of lithium chemicals, formed through the merger of Allkem and Livent in January 2024. Arcadium Lithium stands to benefit significantly from the growing demand for lithium, driven primarily by the increasing adoption of electric vehicles (EVs). Lithium is a key component in the production of EV batteries, and Arcadium Lithium produces lithium carbonate at low cost from two brine resources in Argentina. The company also produces spodumene, a hard rock lithium concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.
As a combined entity, Arcadium Lithium boasts a robust portfolio of assets, including premier lithium resources and manufacturing sites strategically located across the globe. The company is committed to safe and responsible operations, emphasizing sustainability and a reduced carbon footprint. Arcadium Lithium's vertically integrated business model enhances operational flexibility and predictability while lowering costs.
Recent achievements include the successful completion of the merger between Livent and Allkem, approved by shareholders and completed on January 4, 2024. The new company is well-positioned to meet the growing needs of the lithium market, with a combined revenue of approximately USD 1.9 billion in 2022 and a global team of over 2,600 employees. Arcadium Lithium's shares began trading on the NYSE under the ticker "ALTM" and on the ASX under the ticker "LTM" from January 2024.
The company is progressing with several expansion projects, including new lithium carbonate and hydroxide production capacities. Arcadium Lithium aims to increase its output significantly by 2026, leveraging its extensive pipeline of development projects and technical expertise. Financially, the company is focusing on achieving cost synergies and optimizing capital expenditures, with an expectation of substantial savings in the near term.
Arcadium Lithium's operations span multiple countries, including Argentina, Australia, Canada, China, Japan, the United Kingdom, and the United States. This global footprint allows the company to better serve its diverse customer base and drive innovation in renewable energy and electric transportation. For more information, visit the company's website at www.ArcadiumLithium.com.
Altus Midstream Company (Nasdaq: ALTM) has declared a cash dividend of $1.50 per share on its Class A common shares, payable on Dec. 30, 2021, to shareholders of record by Nov. 30, 2021. This represents a full-year dividend of $6 per share for 2021. Altus Midstream operates as a midstream C-corporation in the Permian-to-Gulf Coast region, owning gas gathering, processing, and transmission assets along with equity interests in various pipelines.
Altus Midstream Company (Nasdaq: ALTM) announced a merger with BCP Raptor Holdco LP to form the largest integrated midstream company in the Delaware Basin, with an estimated enterprise value of $9 billion. The combined entity will manage approximately 2 Bcf per day of natural gas processing and benefit from a diverse customer base with over 30 investment-grade counterparties. Altus aims to maintain a $6 annual dividend through 2023, with a projected 5% growth afterward. The company anticipates annual EBITDA synergies of at least $50 million by 2023.
Altus Midstream Company (Nasdaq: ALTM) will hold its third-quarter 2021 results conference call on November 4, 2021, at 1 p.m. Central time. The earnings release will be available after market close on November 3. Interested parties can access the earnings release and the live webcast on Altus' website. A telephone playback will be available for one week starting at 6 p.m. Central time on the same day. For playback, dial (855) 859-2056 or (404) 537-3406 with access code 4064034.
Altus Midstream Company (Nasdaq: ALTM) announced its second-quarter 2021 results on August 4, 2021. Detailed results can be accessed on the company's investor website. A conference call to discuss the results is scheduled for August 5 at 1 p.m. Central time. The company operates in the midstream sector, focusing on gas gathering and processing in the Delaware Basin, and holds interests in multiple pipelines from the Permian to the Gulf Coast.
Altus Midstream Company (Nasdaq: ALTM) has announced a cash dividend of $1.50 per Class A common share. This dividend is payable on Sept. 30, 2021, to stockholders on record as of Aug. 27, 2021. Altus is known for its midstream services, focusing on the Delaware Basin and owning interests in various pipelines.
Altus Midstream Company (Nasdaq: ALTM) will host a conference call on August 5, 2021, at 1 p.m. Central time to discuss its second-quarter 2021 results. The earnings release will be available after market close on August 4. Investors can access the call via the company website, where a replay will be archived. Telephone playback will start at 6 p.m. Central time on August 5 and will be available for one week. Altus specializes in midstream operations, including gas gathering and processing in the Permian Basin.
Altus Midstream Company (Nasdaq: ALTM) announced its estimated results for the first quarter of 2021. Details are available on the company's website. A conference call is scheduled for May 6 at 1 p.m. Central time to discuss these results, which will also be accessible online and available for telephone playback. Altus is a midstream C-corporation focused on the Permian-to-Gulf Coast region, owning gas gathering, processing, and transmission assets. The company also holds equity stakes in four pipelines in this area.
Cushing Asset Management and Swank Capital announced changes to The Cushing 30 MLP Index due to a merger involving Noble Midstream Partners (NBLX) and Chevron (CVX). NBLX will cease public trading following majority consents on a merger agreement, effective May 3, 2021. As a result, Altus Midstream Company (ALTM) will replace NBLX in the Index after market close on April 30, 2021. The remaining constituents of the Index will remain unchanged.
Altus Midstream Company (Nasdaq: ALTM) will announce its first-quarter 2021 results on May 5, 2021, after market close. A conference call to discuss these results is scheduled for May 6, 2021, at 1 p.m. Central time. Investors can access the earnings release on Altus' website. The call will be available via webcast and for playback by telephone for one week. Altus Midstream focuses on midstream operations, owning gas gathering, processing, and transmission assets primarily in the Delaware Basin and four pipelines leading to the Gulf Coast.
Altus Midstream Company (Nasdaq: ALTM) announced its fourth-quarter and full-year 2020 results on its website. A conference call is scheduled for February 25 at 1 p.m. Central time to discuss these results, which will be available for playback. Altus operates as a midstream C-corporation with gas gathering, processing, and transmission assets in the Delaware Basin. The company also holds equity interests in four pipelines from the Permian to the Gulf Coast. For more information, visit their investor relations page.
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