Spark Energy, Inc. Announces Share Buyback Program

HOUSTON, May 24, 2017 (GLOBE NEWSWIRE) — Spark Energy, Inc. (NASDAQ:SPKE), a Delaware corporation (“Spark” or the “Company”), announced today that its Board of Directors has authorized a share buyback program of up to $50 million of Spark Class A common stock. The Company intends to fund the program through available cash balances and its Subordinated Credit Facility, as well as future operating cash flows.

“We are extremely pleased with the financial results and growth the Company has achieved since our initial public offering in 2014,” said Nathan Kroeker, Spark’s President and Chief Executive Officer. “With the Company’s strong financial position and both management’s and the Board’s confidence in our continued performance, we believe a balanced approach to capital allocation, including share repurchases, will greatly enhance shareholder value.”

“The Board does not believe Spark’s current share price accurately reflects the Company’s intrinsic value and we are confident that a share buyback program will capitalize on this disconnect,” said W. Keith Maxwell III, Founder and Chairman of Spark.

These shares may be repurchased from time to time in the open market or in privately negotiated transactions based on ongoing assessments of capital needs, the market price of the stock, and other factors, including general market conditions. The repurchase program does not obligate Spark to acquire any particular amount of common stock and it may be modified or suspended at any time, and could be terminated prior to completion.

About Spark Energy, Inc.

Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 91 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

Contact: Spark Energy, Inc.

Investors:

Robert Lane, 832-200-3727

Media:

Eric Melchor, 281-833-4151

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McDermott to Present at the 2017 KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in Boston

HOUSTON, May 24, 2017 (GLOBE NEWSWIRE) — McDermott International, Inc. (NYSE:MDR) announced today that David Dickson, President and Chief Executive Officer, will speak at the KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in Boston on May 31, 2017 at 9 a.m. Central Time.

McDermott will post the slides to be used prior to the presentation in the Investor Relations area at www.mcdermott.com.

About McDermott

McDermott International, Inc., is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our customers include national and major energy companies. Operating in approximately 20 countries across the world, our locally focused and globally integrated resources include approximately 13,500 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To learn more, please visit our website at www.mcdermott.com.

McDermott International, Inc.

Investor Relations
Ty Lawrence
Vice President, Treasurer and Investor Relations
+1 281.870.5147
tplawrence@mcdermott.com

Media Relations
Adam Morgan
Director, Global Communications
+1 281.870.5932
amorgan@mcdermott.com

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Sysco to Webcast Presentation From the 2017 Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference

HOUSTON, May 24, 2017 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation from the 2017 Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference in New York on Tuesday, June 6, at 1:25 p.m. EDT.

The live webcast for the event can be accessed at investors.sysco.com. An archived replay of the webcast will be available shortly after the live event is completed.

For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 198 distribution facilities serving approximately 425,000 customers. For fiscal year 2016 that ended July 2, 2016, the company generated sales of more than $50 billion. Subsequent to fiscal year 2016, the company completed the acquisition of the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco.  For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at http://investors.sysco.com/, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.  Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission.  It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact:	
				
Ronit Patel			
Investor Contact	       		
T 281-584-1439	

Camilla Zuckero
Media Contact
T 281-899-1839

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