Southern Company(SO)
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Southern Cross Gold Commences Trading on TSX Main Board
Newsfile· 2025-07-02 10:30
Core Viewpoint - Southern Cross Gold Consolidated Ltd has received final approval to list its common shares on the Toronto Stock Exchange, marking a significant milestone for the company and enhancing its access to capital markets and institutional investors [1][3]. Group 1: Listing and Trading - The company will commence trading on the TSX under the symbol "SXGC" on July 2, 2025, while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1]. - Shareholders are not required to take any action regarding their share certificates or registration due to the listing on the TSX [2]. Group 2: Strategic Importance - The transition to the main TSX board is expected to improve liquidity and broaden the institutional investor base, as TSX-listed companies are perceived as more established investment opportunities [3]. - Institutional investors are increasingly interested in Tier 1 Western-domiciled antimony and gold assets, providing enhanced trading flexibility across dual major exchanges [4]. Group 3: Project Overview - Southern Cross Gold controls the Sunday Creek Gold-Antimony Project, which is recognized as one of the significant gold and antimony discoveries in the Western world, with drilling results showing 66 intersections exceeding 100 g/t AuEq x m from 84 km of drilling [4]. - The project has a dual-metal profile, with antimony contributing approximately 20% of the in-situ value alongside gold, which is particularly relevant following China's export restrictions on antimony [5]. Group 4: Technical and Financial Position - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93% to 98% through gravity and flotation methods [6]. - The company has a treasury of A$170 million and is set to commence a drill program exceeding 200 km, positioning it for accelerated expansion and derisking of the Sunday Creek project [6].
Vistra or Southern Company: Which Utility Stock Offers Better Upside?
ZACKS· 2025-06-26 17:11
Core Insights - The Zacks Utility - Electric Power industry presents a compelling investment opportunity due to stable cash flows and regulated business models [1] - Companies are transitioning towards clean energy, investing in solar, wind, battery storage, and grid modernization, which enhances their market appeal [2] - The Southern Company and Vistra Corp. are key players in this transition, focusing on renewable energy investments [2] Company Overview - The Southern Company provides stable long-term value through regulated operations and strategic clean energy investments, benefiting from a diversified generation mix and a strong customer base [3] - Vistra Energy is becoming a significant player in nuclear energy, bolstered by its acquisition of Energy Harbor and the establishment of Vistra Vision for zero-carbon power generation [4] Earnings Growth Projections - Vistra's earnings per share estimates for 2025 and 2026 have increased by 3.7% and 2.84% respectively, with a long-term growth projection of 13.18% [6] - The Southern Company's earnings per share estimate for 2025 has decreased by 0.23%, while the 2026 estimate has increased by 0.22%, with a long-term growth projection of 6.55% [8] Financial Metrics - Vistra's return on equity (ROE) is significantly higher at 87.03% compared to The Southern Company's 12.7% [9] - The dividend yield for Vistra is 0.48%, while The Southern Company's yield is 3.26%, both lower than the industry average of 3.27% [13] Sales Estimates - Vistra's sales estimates for 2025 and 2026 reflect year-over-year growth of 28.91% and 4.53% respectively [14] - The Southern Company's sales estimates for the same years show growth of 5.84% and 3.7% respectively [14] Debt and Valuation - Vistra's debt-to-capital ratio is 77.12%, higher than The Southern Company's 64.83%, with the industry average at 60.81% [17] - Vistra is trading at a premium with a Price/Earnings Forward 12-month ratio of 26.29X compared to The Southern Company's 20.44X and the industry's 15.29X [18] Conclusion - The Southern Company has a marginal edge over Vistra due to lower debt usage, cheaper valuation, and higher dividend yield, despite both companies holding a Zacks Rank 3 (Hold) [20]
Southern's Units Expand RNG Portfolio, Boost Clean Energy Goals
ZACKS· 2025-06-26 13:06
Core Insights - Southern Company's subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made significant renewable natural gas (RNG) purchases, aiming to reduce carbon emissions and enhance energy sustainability [1][8] - The RNG purchases are projected to prevent approximately 18,978 metric tons of CO2 equivalent emissions, equivalent to the carbon absorption of nearly 19,036 acres of U.S. forest in a year [1][10] Renewable Natural Gas Overview - Renewable natural gas is produced by capturing methane emissions from decomposing organic materials, significantly lowering overall greenhouse gas emissions [2][11] - RNG's compatibility with existing natural gas infrastructure allows utilities to reduce their carbon footprint without major equipment changes [2][12] Strategic Commitment to Clean Energy - Southern Company Gas is committed to achieving net-zero direct greenhouse gas emissions from operations by 2050, as stated by executive vice president Bryan Batson [3][14] - The recent RNG transactions reflect a consistent commitment to cleaner energy alternatives, setting an example for other utilities [4][13] Policy Support for RNG Growth - Legislative frameworks in Virginia and Tennessee, such as the Virginia Energy Innovation Act and the Natural Gas Innovation Act, support the development and integration of RNG [5][6] - These policies enable utilities to recover costs associated with innovative natural gas solutions, facilitating investments in RNG [6] Collaborative Efforts and Future Projects - Virginia Natural Gas is collaborating with the Hampton Roads Sanitation District to convert biogas from organic waste into RNG for local distribution [7][9] - This initiative exemplifies the potential of transforming organic waste into a clean energy resource while reducing methane emissions [9] Environmental Impact - The environmental benefits of RNG purchases are substantial, with the potential to significantly reduce greenhouse gas emissions and contribute to climate change mitigation [10][11] - Capturing methane and repurposing it into RNG is a key strategy for utilities transitioning away from fossil fuels while maintaining energy reliability [11] Seamless Transition to Sustainable Energy - RNG's compatibility with existing infrastructure allows customers to benefit from cleaner fuel without needing to replace appliances or modify pipelines, facilitating widespread adoption [12] - Continued investment in RNG positions Southern Company's subsidiaries as leaders in natural gas innovation and sustainability [13][15] Future Outlook - Southern Company's RNG purchases signal a strategic shift towards sustainable energy portfolios that prioritize environmental impact while ensuring service reliability [14][16] - The proactive approach to RNG demonstrates the potential for renewable natural gas to transform the energy landscape and set benchmarks for utilities nationwide [16]
Southern Company Gas expands clean energy portfolio with new renewable natural gas agreements for its Virginia and Tennessee subsidiaries
Prnewswire· 2025-06-25 15:45
Core Viewpoint - Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made renewable natural gas (RNG) purchases that are expected to avoid 18,978 metric tons of CO₂e emissions, equivalent to the carbon sequestered by 19,036 acres of U.S. forests in one year [1] Group 1: Renewable Natural Gas (RNG) Overview - RNG is produced from naturally occurring methane from landfills, agricultural waste, wastewater, and food waste, significantly reducing greenhouse gas emissions by capturing methane before it enters the atmosphere [2] - RNG is compatible with existing natural gas infrastructure and appliances, facilitating a transition to a more sustainable energy source [2] Group 2: Company Initiatives and Goals - Southern Company Gas aims to deliver cleaner fuels as part of its commitment to sustainability, with a goal of achieving net-zero direct greenhouse gas emissions from operations by 2050 [3] - The recent RNG purchases are part of a broader initiative to support emission reduction efforts and follow the company's first RNG purchases in 2023 [3] Group 3: Legislative Support - The RNG deal is supported by policies in Virginia and Tennessee, including Virginia's Energy Innovation Act and Sustainable Gas Program, which encourage RNG production and delivery [4] - Tennessee's Natural Gas Innovation Act allows natural gas utilities to pursue cleaner energy options and reflect innovative natural gas costs in their pricing [4] Group 4: Future Projects - Virginia Natural Gas has announced a collaboration with the Hampton Roads Sanitation District to create a facility that will convert biogas from organic waste into RNG [4]
Southern Company second-quarter earnings to be released July 31
Prnewswire· 2025-06-24 12:00
Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies [3] - The company operates electric companies in three states and natural gas distribution companies in four states, along with a competitive generation company and a leading distributed energy solutions provider [3] - Southern Company is committed to achieving net-zero greenhouse gas emissions by 2050, emphasizing innovation, resilience, and sustainability [3] Upcoming Earnings Release - Southern Company plans to release its earnings for the second quarter of 2025 on July 31, 2025, at 7:30 a.m. ET [1] - The earnings discussion will be led by Chairman, President and CEO Christopher C. Womack and CFO Daniel S. Tucker during a conference call for financial analysts at 1 p.m. ET on the same day [1] Webcast Information - Investors, media, and the public can listen to a live webcast of the conference call at the Southern Company's investor relations website [2] - A replay of the webcast will be available for 12 months following the event [2]
A Pair Trade Opportunity By The Southern Company Baby Bonds
Seeking Alpha· 2025-06-20 16:45
Group 1 - As global tensions rise, investors are increasingly seeking safer investment options due to fears of potential conflicts impacting market liquidity and increasing volatility [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article emphasizes the importance of active portfolio management and discussion among sophisticated traders and investors during uncertain times [1] Group 2 - The article includes a disclosure regarding the author's beneficial long position in SOJE shares, indicating a vested interest in the stock mentioned [2] - It is noted that past performance is not indicative of future results, and no specific investment recommendations are provided [2] - The article clarifies that Seeking Alpha does not act as a licensed securities dealer or investment adviser, highlighting the independent nature of its analysts [2]
Georgia Power offers energy efficiency resources to beat the summer heat
Prnewswire· 2025-06-19 15:00
Core Insights - Georgia Power is focused on helping customers manage energy bills and stay cool during the summer by providing practical energy efficiency tips and resources [1] Energy Efficiency Programs - The EASE Program offers free home upgrades such as LED light bulbs and attic insulation for qualifying customers, particularly those with incomes at or below 200% of federal poverty guidelines [2] - Customers can utilize the My Power Usage tool to monitor energy consumption and receive alerts when they exceed their usage targets [3] Community Assistance Resources - Georgia Power provides a directory of local resources for assistance with utilities, food, and shelter, accessible through their website [4] - The company partners with community organizations to offer support for rent and utilities, including the Project Share initiative [5] Commitment to Customer Empowerment - Georgia Power emphasizes the importance of energy-saving tips and community support to help customers navigate summer energy challenges effectively [6] - The company maintains a diverse energy generation mix, including renewables, and offers rates below the national average [7] Additional Energy-Saving Tips - Recommendations include changing air filters regularly, sealing windows and doors, using cold water for laundry, and utilizing appliances during off-peak hours [8]
Southern Cross Gold Announces Receipt of Conditional Acceptance to List on Toronto Stock Exchange
Newsfile· 2025-06-19 10:30
Core Viewpoint - Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange, transitioning from the TSX Venture Exchange while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1][2]. Company Overview - Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia, which is recognized as a significant gold and antimony discovery with exceptional drilling results [4]. - The project has reported 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling, with mineralization extending over a 12 km strike length and confirmed continuity from surface to 1,100 m depth [4]. Strategic Value - The dual-metal profile of Sunday Creek, with antimony contributing approximately 20% of the in-situ value alongside gold, has gained importance due to China's export restrictions on antimony, a critical metal for defense and semiconductor applications [5]. - Southern Cross is positioned as a potential key Western antimony supplier, especially following its inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS [5]. Technical Fundamentals - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93-98% through gravity and flotation methods [6]. - The company maintains a strong cash position, owns over 1,000 hectares of strategic freehold land, and has a large 60 km drill program planned through Q3 2025, positioning it well to advance its gold-antimony discovery [6].
Lavras Gold Corp. Intersects 1.0 g/t Gold over 371 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
Newsfile· 2025-06-18 10:30
Core Insights - Lavras Gold Corp. has reported significant drilling results from the Butiá Gold Deposit, with all seven new drill holes intersecting gold mineralization, including a notable 371 metres grading 1.0 g/t gold and higher-grade intervals [1][4][5] - The company aims to convert inferred gold resources into measured and indicated categories while expanding the mineralization footprint at Butiá [3][5][9] Drilling Results - Drill hole 25BT047 returned 371.0 metres grading 1.0 g/t gold, with a lower portion showing a 50.0 metre interval grading 3.4 g/t gold, including 1.0 metre grading 78.1 g/t gold [4][5][16] - Drill hole 25BT045 intersected multiple intervals of gold mineralization, including 50.0 metres grading 3.4 g/t gold and several high-grade intervals [4][5][15] - The total drilling completed at Butiá and the adjacent Fazenda do Posto target now stands at nearly 53,000 metres, significantly higher than the historical drilling of 20,000 metres [6][9] Exploration Initiatives - The company has renewed a 25,000-metre drilling contract to continue its ongoing drilling program [2] - A metallurgical test program for Butiá is underway at the SGS Laboratory in Belo Horizonte, Brazil, with composite samples from the Fazenda do Posto gold target sent for investigation [2][3] Resource Estimates - The Butiá Gold Deposit hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces in the Inferred category [1][8][41] - The ongoing drilling program is focused on increasing the geological confidence of the existing gold resource and potentially increasing the gold endowment [3][9]
Southern's Unit Achieves 50% Hydrogen Blend in Natural Gas Turbine
ZACKS· 2025-06-17 13:21
Core Insights - Southern Company's subsidiary, Georgia Power, in collaboration with Mitsubishi Power, has successfully conducted the world's largest hydrogen blending test with natural gas on a gas turbine, achieving a 50% hydrogen co-firing capability, marking a significant advancement in low-carbon power generation in the U.S. [1][9][18] Hydrogen Co-Firing Demonstration - The demonstration utilized a Mitsubishi Power M501GAC gas turbine, confirming stable operations and performance at both partial and full loads, with a 22% reduction in carbon dioxide emissions when blending 50% hydrogen with natural gas [2][9]. - Testing was conducted over May and June, validating combustion stability, efficiency, and emissions across various hydrogen blend percentages, starting from 5% to 50% [4][5]. Technological Enhancements - The M501GAC turbine underwent significant upgrades in 2023, including a switch from steam to air cooling and the integration of advanced J-series combustion technology, enhancing hydrogen fuel compatibility and operational efficiency [3]. Strategic Importance of Plant McDonough-Atkinson - Located near Atlanta, Plant McDonough-Atkinson is crucial to Georgia's power infrastructure, supporting approximately 1.7 million homes and operating with multiple gas and steam turbines [6][7]. Project Execution and Logistics - Mitsubishi Power managed the project with comprehensive turnkey services, ensuring a consistent hydrogen supply through a partnership with Certarus [8]. Industry Leadership and Future Vision - The success of the hydrogen blend test positions Mitsubishi Power as a leader in hydrogen combustion technology, contributing to Georgia Power's strategy for a diverse fuel portfolio and addressing evolving energy demands [11][12]. - Southern Company is actively developing additional hydrogen-capable assets, including new turbines at Plant Yates and proposed upgrades at Plant McIntosh, aimed at increasing capacity and hydrogen integration [14][15]. Decarbonization Strategy - Natural gas currently accounts for 40% of Georgia Power's electricity generation, and the integration of hydrogen is seen as a method to enhance reliability while reducing emissions [16][17].