Financial FlexibilityRedeeming the outstanding convertible preferred stock is likely to enhance financial flexibility and reduce uncertainty for shareholders.
Growth OpportunitiesMRC has growth opportunities including improving fundamentals in the gas utility market, potential for product price inflation, and positive expectations for natural gas midstream spending.
Share Repurchase ProgramMRC announced a $125 million share repurchase program, expected to be comfortably funded from cash flow, representing about 12% of the company's market cap.