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SoCalGas Joins Forces with Labor Community Services to Help Address Hunger at 33rd Annual "Stamp Out" Hunger Food Drive
Prnewswire· 2025-06-20 20:00
Core Points - Southern California Gas Co. (SoCalGas) collaborates with Labor Community Services (LCS) for the 33rd Annual National Association of Letter Carriers' (NALC) "Stamp Out Hunger" Food Drive, mobilizing 100 volunteers to sort over 1 million pounds of food donations in Los Angeles County [1][3] - SoCalGas contributes a $25,000 donation to LCS to purchase additional food items, aiding thousands of families facing hunger [1][3] - Hunger is a significant issue in Los Angeles County, with one in four households (approximately 832,000) struggling to access food, and 29% lacking consistent access to healthy food [3] Company Overview - SoCalGas is the largest gas distribution utility in the U.S., serving over 21 million consumers across approximately 24,000 square miles in Central and Southern California [6] - The company has been recognized for its community volunteer efforts and has supported LCS since 2007, contributing $10.2 million in charitable giving in 2024, including $5.3 million for social impact initiatives [5][6] - In 2024, SoCalGas volunteers sorted 80,000 pounds of food, benefiting around 3,280 families [4] Community Impact - The "Stamp Out Hunger" Food Drive is coordinated by NALC Branch 24 in partnership with LCS and various AFL-CIO-affiliated labor unions, involving 38 post offices and 20 community partners [4] - LCS has been assisting union families with groceries and emergency assistance for over 60 years, highlighting the ongoing need for support among working families [7] - The initiative aims to address hunger, especially during summer months when school meal programs are unavailable and food donations typically decline [3]
MDU or SWX: Which Is a Better Utility Gas Distribution Stock?
ZACKS· 2025-06-09 15:31
Industry Overview - Natural gas distribution pipelines are essential for delivering natural gas to consumers, with nearly 3 million pipelines in the U.S. [1] - Rising domestic natural gas output is driven by increased exports and public awareness of emissions reduction [2] - The natural gas sector requires consistent funding for maintenance and repair of aging infrastructure, with anticipated interest rate cuts expected to lower capital servicing costs [3] Demand and Growth Projections - Natural gas consumption for electricity generation is projected to contribute nearly 40% in 2025 and 2026 [5] - U.S. natural gas exports are expected to grow by 3.4 billion cubic feet per day (Bcf/d) in 2025 and 2.1 Bcf/d in 2026, with export volumes increasing by 8% in 2025 and 7% in 2026 [5] Company Comparisons - MDU Resources has a market capitalization of $3.43 billion, while Southwest Gas has $5.11 billion [6] - MDU's 2025 earnings per share (EPS) estimate has increased by 1.1% to 95 cents, while Southwest Gas's EPS estimate has increased by 4.8% to $3.72 [7] - MDU has a return on equity (ROE) of 9.86%, compared to Southwest Gas's 6.76%, both above the industry average of 9.24% [8] Financial Metrics - MDU has a lower debt-to-capital ratio of 44.44% compared to Southwest Gas's 57.36%, with the industry average at 50.49% [11] - MDU's stock has lost 0.5% over the past three months, while Southwest Gas has declined by 2.3% [10][12] - MDU's dividend yield is 3.1%, while Southwest Gas's is 3.49%, both exceeding the S&P 500 average of 1.24% [13] Valuation - Both companies are trading at a premium on a forward 12-month P/E basis, with MDU at 17.16X and Southwest Gas at 17.98X, compared to the industry average of 14.84X [14] Conclusion - Both MDU Resources and Southwest Gas are positioned well for growth, but MDU is favored due to its superior ROE, debt management, and stock performance [15]
Is Southwest Gas (SWX) Stock Undervalued Right Now?
ZACKS· 2025-06-02 14:46
Core Viewpoint - The article emphasizes the importance of value investing and highlights specific stocks, particularly Southwest Gas (SWX) and UGI, as potential undervalued opportunities based on various financial metrics [2][8]. Company Analysis: Southwest Gas (SWX) - SWX has a Zacks Rank of 2 (Buy) and an A grade in the Value category, indicating strong potential as a value stock [3]. - The PEG ratio for SWX is 1.92, which is lower than the industry average of 2.11, suggesting it may be undervalued relative to its expected earnings growth [4]. - SWX's P/S ratio is 1.07, compared to the industry's average of 1.6, further indicating potential undervaluation [5]. - The P/CF ratio for SWX is 7.70, which is attractive against the industry's average of 8.51, reinforcing the notion of SWX being undervalued [6]. Company Analysis: UGI - UGI also holds a Zacks Rank of 2 (Buy) with an A Value Score, making it another attractive option for value investors [7]. - UGI's forward earnings multiple is 11.54, significantly lower than the industry's P/E of 15.13, indicating potential undervaluation [7]. - The PEG ratio for UGI is 2.22, which is higher than SWX but still competitive against the industry average [7]. - UGI's P/B ratio is 1.54, compared to the industry's 1.18, suggesting it may be trading at a premium but still within a reasonable range [8].
Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas
Globenewswire· 2025-05-22 12:00
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured significant new contracts and expanded its service portfolio, indicating strong growth potential in the energy services sector, particularly in the UAE market [1][7]. Overview of New Contracts – Engineering Projects - Al Shola Gas has signed engineering contracts valued at approximately $2.7 million since March 2025, covering design, supply, installation, maintenance, and operations [2]. Overview of New Contracts – Residential Utilities - The company has added over 1,800 residential service contracts for LPG utility solutions across 16 buildings in Dubai, projecting an annual recurring revenue of about $0.9 million, increasing its customer base to over 12,000 [4]. Overview of New Contracts – Commercial Utilities - Al Shola Gas has also secured two commercial LPG supply and maintenance contracts for food and beverage facilities, now managing monthly billing for over 170 outlets [5]. Overview of Bulk LPG Supply - The bulk LPG supply has consistently exceeded 600 metric tons (MT) monthly, with an organic growth rate of 10 to 20 MT per month. The company anticipates reaching 800 MT per month by year-end due to new fleet additions [6].
燃情守护,中国石油天然气销售山东公司筑牢五一用气安全防线
Qi Lu Wan Bao· 2025-05-07 08:44
Group 1 - The article emphasizes the importance of gas safety during the May Day holiday, highlighting the proactive measures taken by China National Petroleum Corporation (CNPC) to ensure safe gas supply for residents [1][10] - Various subsidiaries, including Linyi and Dezhou, conducted thorough safety inspections of gas facilities, focusing on valves, pipelines, and pressure regulators to ensure operational safety during the holiday [3][5] - Public safety awareness campaigns were implemented, distributing safety manuals and conducting demonstrations on emergency responses to gas leaks, enhancing community knowledge on safe gas usage [5][9] Group 2 - The article details the increased frequency of inspections and monitoring in key areas, particularly in densely populated regions and commercial users, to maintain a "zero blind spot" approach to gas safety [3][9] - Employees at gas stations, such as in Jinan, engaged in comprehensive checks of critical equipment, ensuring all systems were functioning correctly to provide uninterrupted gas supply during the holiday [10] - The commitment of CNPC employees to prioritize safety and operational readiness during peak usage times reflects the company's dedication to maintaining a reliable gas supply for the public [10]
Ecopetrol S.A. Board of Directors Announcement
Prnewswire· 2025-04-24 14:15
Core Points - Ecopetrol S.A. has confirmed the continuation of Guillermo García Realpe and Mónica de Greiff Lindo as Chairperson and Vice-Chairperson of the Board of Directors respectively [1] - The Board of Directors has approved the formation of several support committees, including Audit and Risk Committee, Business Committee, Corporate Governance and Sustainability Committee, Remuneration, Appointments, and Culture Committee, HSE Committee, and Technology and Innovation Committee [2] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [2] - The company is responsible for more than 60% of hydrocarbon production in Colombia and has significant roles in transportation, logistics, and hydrocarbon refining systems [2] - Ecopetrol holds a 51.4% stake in ISA, which allows it to participate in energy transmission and manage real-time systems [4] - The company has international operations in strategic basins across the Americas, including drilling and exploration in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico [4] - Through ISA and its subsidiaries, Ecopetrol has leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and involvement in the telecommunications sector [4]
SoCalGas Announces First Renewable Natural Gas Contract Approved Under California Program
Prnewswire· 2025-03-18 12:45
Core Insights - Southern California Gas Company (SoCalGas) has signed a contract with Organic Energy Solutions (OES) to procure renewable natural gas (RNG) from organic waste, marking the first contract approved under California's Senate Bill 1440 [1][2][3] - The RNG will be sourced from a project in San Bernardino and aims to help California reduce methane emissions from agriculture and waste while advancing energy decarbonization [1][2] - SoCalGas plans to replace approximately 12% of its traditional natural gas supply with RNG by 2030, contributing to California's goal of reducing methane emissions by 40% by the same year [2][3] Company Initiatives - The RNG project is expected to prevent approximately 15,300 tons of greenhouse gases from entering the atmosphere annually, equivalent to the energy usage of 2,984 homes or 1.7 million gallons of gasoline [3] - SoCalGas has been replacing traditional compressed natural gas with RNG at its fueling stations since 2019, with RNG classified as carbon negative by the California Air Resources Board since 2020 [4] - The company has delivered approximately 5% RNG to customers since 2023, supporting California's clean air and climate goals [4][5] Industry Impact - The RNG procurement project is seen as a significant milestone for the RNG industry and is expected to set a precedent for similar agreements in other U.S. states [5] - RNG is recognized as an innovative climate solution that converts methane emissions from organic waste into a low-carbon alternative to fossil fuels, aiding long-term decarbonization efforts [5] - The California Integrated Energy Policy Report indicates that RNG can significantly reduce greenhouse gases and pollutant emissions compared to conventional diesel trucks [5]