Eneti Inc

Eneti, Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels. It provides innovative maritime solutions to a wide variety of customers across the globe, safeguarding the environment, embracing sustainable business practices and generating risk-adjusted returns throughout the industry cycle. The company was founded by Emanuele A. Lauro and Robert L. Bugbee on March 20, 2013 and is headquartered in Monaco.

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Eneti Inc reports Q1 loss, eyes vessel sales amid rising demand

Eneti Inc's Q1 2023 performance reflects revenue generation but a net loss, emphasizing the need for cost management and operational efficiency improvements.
Strategic initiatives such as marketing NG2500 vessels for sale and securing an MOU with Transocean enhance Eneti's market positioning and service offerings.
Despite challenges in profitability and financing, Eneti's focus on newbuild vessels and market opportunities presents avenues for revenue growth and fleet expansion.

Eneti Inc. reports strong Q2 earnings, announces Cadeler merger

Eneti Inc.'s Q2 performance reflects revenue growth, improved profitability, and strategic asset monetization, setting a positive trajectory for future growth.
The upcoming merger with Cadeler signals a transformative opportunity for Eneti to enhance its position in the offshore wind market and drive shareholder value.
While challenges like integration and industry dynamics exist, Eneti's strengths in financial management and strategic partnerships position it well to navigate and capitalize on opportunities in the evolving energy landscape.

Eneti Inc (NETI) reports strong Q3 performance amidst market challenges

Eneti Inc (NETI) delivered a robust performance in Q3 2023, driven by strong revenue and net income figures.
Effective capital management, progress in business combination, and operational efficiency are key strengths.
Navigating market turbulence, ensuring shareholder support, and timely asset delivery are notable challenges.
Opportunities lie in revenue growth, stable backlog, and potential synergies post-business combination.

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Eneti operates as a shipping company. Eneti focused on the ownership and operation of a fleet of modern mid to large-size dry bulk carriers.

MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023.

Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023

MONACO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announced the extension of the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti Inc. (NYSE: NETI) (“Eneti”) to 5:30 p.m. Eastern Time on December 14, 2023. In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility

Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility

The consensus price target hints at a 41% upside potential for Eneti (NETI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 41.01% Upside in Eneti (NETI): Can the Stock Really Move This High?

MONACO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator. The Credit Facility finances approximately 65% of the purchase cost of the Company's two newbuild wind turbine installation vessels (each a “WTIV”), and it includes a commercial tranche of up to $130.8 million, a direct tranche from the Export-Import Bank of Korea (KEXIM) of up to $115.0 million, a guaranteed tranche from Eksportfinansiering Norge (Eksfin) of up to $45.0 million and a covered tranche from Korea Trade Insurance Corporation (K-SURE) of up to $145.2 million. The lenders to the commercial tranche, Eksfin guaranteed tranche and K-SURE covered tranche are Credit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, New York Branch, KfW IPEX-Bank GmbH, Société Générale and The Korea Development Bank.

Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels

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The average of price targets set by Wall Street analysts indicates a potential upside of 53.6% in Eneti (NETI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Eneti (NETI) Could Surge 53.61%: Read This Before Placing a Bet

Eneti, Inc. (NYSE:NETI ) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants James Doyle - Head, Corporate Development & IR Emanuele Lauro - Co-Founder, Chairman & CEO Sebastian Brooke - Director, Business Development, Seajacks International Limited Conference Call Participants Gregory Lewis - BTIG Benjamin Nolan - Stifel, Nicolaus & Company Liam Burke - B. Riley Securities Adam Forsyth - Longspur Clean Energy Operator Good morning, and welcome to the Eneti Inc. Third Quarter 2023 Conference Call.

Eneti, Inc. (NETI) Q3 2023 Earnings Call Transcript

MONACO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended September 30, 2023.

Eneti Inc. Announces Financial Results for the Third Quarter of 2023 and Declares a Quarterly Cash Dividend

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Eneti Inc. (NYSE: NETI) to Cadeler A/S. Under the terms of the proposed transaction, shareholders of Eneti will receive 3.409 shares of Cadeler for each share of Eneti that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration.

ENETI INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eneti Inc. - NETI

MONACO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce the commencement of a share exchange offer (the “Offer”) for all of the outstanding shares of common stock of Eneti. The Offer is being made pursuant to the Business Combination Agreement, announced on June 16, 2023. The Offer is expected to close within Q4 2023. Cadeler will host a conference call on November 8, 2023 at 9:00 a.m. ET / 3:00 p.m. CET (please see below for webcast details).

Cadeler A/S and Eneti Inc. Announce Launch of Share Exchange Offer for All of The Outstanding Shares of Common Stock of Eneti Inc.

MONACO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce third quarter 2023 financial results in a press release that will be issued before the market opens on Tuesday, November 14, 2023.

Eneti Inc. to Announce Third Quarter 2023 Results and Have a Conference Call on November 14, 2023

The mean of analysts' price targets for Eneti (NETI) points to a 50.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Eneti (NETI) Could Rally 50.59%: Here's is How to Trade

MONACO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to transport and install turbines.

Eneti Inc. Signs Installation Contract for Newbuild WTIV

MONACO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with an undisclosed client to assist with the installation of wind turbines.

Eneti Inc. Signs Contract for Seajacks Scylla

Investors need to pay close attention to Eneti (NETI) stock based on the movements in the options market lately.

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MONACO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a vessel reservation agreement with an undisclosed client to transport and install turbines.

Eneti Inc. Signs Vessel Reservation Contract for Newbuild WTIV

Eneti Inc. (NYSE:NETI ) Q2 2023 Results Conference Call August 8, 2023 10:00 AM ET Company Participants James Doyle - Head-Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Hugh Baker - Chief Financial Officer Sebastian Brooke - Chief Operating Officer, Seajacks Conference Call Participants Sherif Elmaghrabi - BTIG Liam Burke - B. Riley FBR Ben Nolan - Stifel Adam Forsyth - Longspur Research Operator Hello, and welcome to the Eneti Inc., Second Quarter 2023 Conference Call.

Eneti Inc. (NETI) Q2 2023 Earnings Call Transcript

Eneti (NETI) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.63 per share a year ago.

Eneti (NETI) Surpasses Q2 Earnings Estimates

MONACO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended June 30, 2023.

Eneti Inc. Announces Financial Results for the Second Quarter of 2023 and Declares a Quarterly Cash Dividend

MONACO, July 28, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce second quarter 2023 financial results in a press release that will be issued before the market opens on Tuesday, August 8, 2023.

Eneti Inc. to Announce Second Quarter 2023 Results and Have a Conference Call on August 8, 2023

MONACO, July 17, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed two new contracts in the offshore wind sector in NW Europe for between 62 and 82 days of employment for two of its NG2500X-class vessels that will generate between approximately $5.2 million and $6.7 million of revenue in 2023.

Eneti Inc. Announces Contract Awards for Seajacks

MILWAUKEE , June 16, 2023 /PRNewswire/ -- Ademi LLP is investigating Eneti (NYSE: NETI) for possible breaches of fiduciary duty and other violations of law in its transaction with Cadeler.  Click here to learn how to join the action https://www.ademilaw.com/case/eneti-inc or call Guri Ademi toll-free at 866-264-3995.

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