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MDU Resources to Webcast Second Quarter 2025 Earnings Conference Call
Prnewswire· 2025-07-17 20:30
BISMARCK, N.D., July 17, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its second quarter 2025 earnings conference call at 2 p.m. ET Aug. 7. The company will release its second quarter results before U.S. financial markets open that day.The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q2 2025 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location.About MDU R ...
CenterPoint Energy remains vigilant and continues to assess progress of Invest 93L in northeastern Gulf
Prnewswire· 2025-07-16 17:56
Current projections indicate low potential development into a tropical depression or tropical storm No significant impacts expected in CenterPoint's Greater Houston service area beyond scattered thunderstorms on Friday and Saturday Customers and the public are encouraged to sign up for Power Alert Service to receive updates about friends, family and community locationsHOUSTON, July 16, 2025 /PRNewswire/ -- CenterPoint Energy's Meteorology, Emergency Planning & Response, and Electric Operations teams conti ...
ONE Gas Marks Progress in Safety, Emissions Reduction and Workforce Culture in New Sustainability Report
Prnewswire· 2025-07-09 17:00
TULSA, Okla., July 9, 2025 /PRNewswire/ -- ONE Gas released its annual Sustainability Report this week, highlighting priorities related to safety, environmental sustainability and a dynamic workforce.The report offers insight into key ONE Gas benchmarks in the natural gas industry, including reducing emissions, improving systemwide safety, boosting employee engagement and contributing to communities. ONE Gas highlights priorities in safety, environmental sustainability and a dynamic workforce in new Sus ...
Spire Benefits From Infrastructure Upgrades & Expanding Customer Base
ZACKS· 2025-07-09 13:26
Core Viewpoint - Spire Inc. is benefiting from systematic capital investments aimed at strengthening infrastructure and improving service reliability, alongside an expanding natural gas customer base [1] Group 1: Positive Factors - Spire's capital expenditures for fiscal 2025 are projected to be $840 million, an increase from the previous guidance of $790 million, with notable increases in Spire Missouri and Midstream for storage expansion projects [2] - The company has invested nearly $103 million in advanced meter installations, with over 350,000 advanced meters installed in fiscal 2024, benefiting a total of 850,000 customers [3] - Spire is expanding its customer base through acquisitions, such as MoGas and Omega pipeline systems, which added approximately 263 miles of interstate natural gas pipelines to its network, enhancing service in St. Louis, MO [4] Group 2: Challenges - As a holding company with no significant assets, Spire relies on its operating units to meet financial obligations, making it vulnerable if subsidiaries fail to generate sufficient net income and cash flows [5] - The company's financial performance could be adversely affected by disruptions in the transmission and storage capacity of interstate natural gas pipelines during peak demand periods [5] Group 3: Stock Performance - Over the past six months, Spire's shares have increased by 12.7%, outperforming the industry's growth of 3.1% [6] Group 4: Industry Comparisons - Other stocks in the industry with better rankings include UGI Corporation (Zacks Rank 1), Atmos Energy (Zacks Rank 2), and ONE Gas (Zacks Rank 2), with UGI's long-term earnings growth rate at 5.2% and a projected 2.3% year-over-year EPS improvement for fiscal 2025 [8] - Atmos Energy has a long-term earnings growth rate of 7.19% with a projected 6% year-over-year EPS improvement for fiscal 2025, while ONE Gas has a long-term growth rate of 5.56% and a projected 9.7% year-over-year EPS improvement [9]
ONE Gas Second Quarter 2025 Conference Call and Webcast Scheduled
Prnewswire· 2025-07-02 20:15
Core Viewpoint - ONE Gas, Inc. is set to release its second quarter 2025 financial results on August 5, 2025, followed by a conference call on August 6, 2025, to discuss the results and provide insights to investors [1][2]. Company Overview - ONE Gas, Inc. is a fully regulated natural gas utility, trading on the New York Stock Exchange under the symbol "OGS" [3]. - The company is part of the S&P MidCap 400 Index and ranks among the largest natural gas utilities in the United States [3]. - Headquartered in Tulsa, Oklahoma, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas [4]. Divisions and Market Position - ONE Gas operates through three main divisions: Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas by customer count [4].
MDU Resources (MDU) - 2017 Q4 - Earnings Call Presentation
2025-07-01 11:15
Financial Performance - 2017 - Earnings from continuing operations increased from $232.4 million in 2016 to $284.2 million in 2017[10], which includes a $39.5 million benefit from tax reform[11] - Consolidated earnings increased from $63.7 million in 2016 to $280.4 million in 2017[13], including a $39.5 million benefit from tax reform[14] - Construction Services reported earnings of $53.3 million in 2017[22], including a $4.3 million income tax benefit[23], and record revenues of $1.37 billion[23] - Construction Materials reported earnings of $123.4 million in 2017[25], including a $41.9 million income tax benefit[26] Segment Performance - 2017 - Electric & Natural Gas Utility reported earnings of $81.6 million[17], including a $6.4 million charge from tax reform[17], with increased retail sales volumes for both electric (2%)[17] and natural gas (13%)[17] - Pipeline & Midstream reported earnings of $20.5 million[20], including a $200,000 charge from tax reform[20], reflecting the sale of Pronghorn assets in January 2017[20] Outlook and Guidance - 2018 EPS guidance is projected to be in the range of $1.25 to $1.45[43] - Construction Services anticipates 2018 revenues between $1.45 billion and $1.60 billion[39] - Construction Materials anticipates 2018 revenues between $1.8 billion and $1.9 billion[42] Capital Program and Dividends - The company's total capital forecast for 2018-2022 is $2.323 billion[46], allocated to Utility ($1.508 billion), Construction ($466 million), and Pipeline & Midstream ($349 million)[46] - The company has increased its dividend for 27 consecutive years[50] and has made dividend payments for 80 consecutive years[49, 50]
Southern's Units Expand RNG Portfolio, Boost Clean Energy Goals
ZACKS· 2025-06-26 13:06
Key Takeaways Virginia Natural Gas and Chattanooga Gas have completed new renewable natural gas purchases. The RNG purchases are expected to avoid 18,978 metric tons of CO2e emissions over their lifecycle. Supportive laws in Virginia and Tennessee enable SO's utilities to invest in RNG and recover related costs.Southern Company’s (SO) subsidiaries, Virginia Natural Gas and Chattanooga Gas, have taken a significant step forward by completing new purchases of renewable natural gas (“RNG”). This move further ...
ONE Gas to Participate in Mizuho Mid-Cap Utilities Conference
Prnewswire· 2025-06-03 20:15
Company Overview - ONE Gas, Inc. is a 100-percent regulated natural gas utility and trades on the New York Stock Exchange under the symbol "OGS" [2] - The company is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States [2] - Headquartered in Tulsa, Oklahoma, ONE Gas provides reliable and affordable energy to over 2.3 million customers in Kansas, Oklahoma, and Texas [3] Divisions and Market Position - ONE Gas operates through three divisions: Kansas Gas Service (largest in Kansas), Oklahoma Natural Gas (largest in Oklahoma), and Texas Gas Service (third largest in Texas by customer count) [3] Upcoming Events - ONE Gas will participate in the Mizuho Mid-Cap Utilities Conference on June 5, 2025, in New York City [1] - The conference will feature meetings with members of the investment community conducted by Robert S. McAnnally (CEO) and Christopher Sighinolfi (CFO) [1]
Essential Utilities(WTRG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 16:02
Essential Utilities (WTRG) Q1 2025 Earnings Call May 12, 2025 11:00 AM ET Company Participants Brian Dingerdissen - Vice President of Investor Relations & TreasurerChristopher Franklin - Chairman & CEOMichael Huwar - President of Peoples Natural GasDaniel Schuller - Executive VP & CFODurgesh Chopra - Managing Director Conference Call Participants None - AnalystTravis Miller - AnalystGregg Orrill - AnalystRyan Connors - Senior Managing Director and Research Analyst Operator Thank you for standing by, and wel ...
Southwest Gas (SWX) - 2025 Q1 - Earnings Call Transcript
2025-05-12 16:02
Financial Data and Key Metrics Changes - The company reported record net income for the first quarter of 2025, with a trailing twelve-month return on equity (ROE) of 8.2% [9][10] - The net income guidance for the full year is reaffirmed at $265 million to $275 million [35] - Operating margin increased by $38.9 million, driven by $27 million of combined rate relief and customer growth [27][30] Business Line Data and Key Metrics Changes - The utility segment benefited from rate relief in Nevada and Arizona, contributing to higher net income [25] - Approximately 40,000 new meter sets were added over the past twelve months, indicating strong customer growth [27][22] - Century's results improved due to higher volumes under master services agreements and lower interest expenses, although offshore wind project revenues decreased [26] Market Data and Key Metrics Changes - Economic activity and demand for natural gas service remain strong, particularly in Arizona and Nevada, with significant growth in sectors like advanced manufacturing and data centers [21][22] - The Arizona Commission opened a docket to address resource adequacy of natural gas infrastructure due to increased demand [22] Company Strategy and Development Direction - The company is focused on becoming a premier fully regulated natural gas utility and is committed to separating Century to enhance shareholder value [10][11] - A capital investment plan of approximately $4.3 billion over the next five years is expected to support safety, reliability, and economic development [24] - The company aims to maintain a flat O&M cost per customer trend while achieving net income growth through regulatory strategies [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the regulatory strategy and the positive outcomes from recent rate cases in Arizona and Great Basin [10][18] - The company anticipates continued robust capital spending driven by safety, reliability, and economic activity in service territories [9][35] - Management noted that the successful execution of separation options for Century is contingent on favorable market conditions [12] Other Important Information - The company has over $400 million in cash on hand and more than $1 billion in liquidity, providing flexibility for capital investments [13] - The balance sheet remains strong, with a commitment to maintaining an investment-grade profile [33][34] Q&A Session Summary Question: What is the current status of your plans to exit Century? - Management reiterated their commitment to the separation of Century and mentioned the ability to file an S-three to facilitate market execution [42] Question: What are the financial implications of the SIM if the settlement is approved? - Management indicated that clarity on timing and projects would come once the SIM is approved, which represents about 40% of non-revenue producing infrastructure investment [43] Question: Has there been any change to Southwest Gas' internal controls or accounting processes? - Management confirmed that there have been no changes in internal controls related to the recent accounting issue that caused a delay in the earnings call [46] Question: Can you speak to the incremental CapEx investment opportunities from the influx of data centers? - Management stated that current guidance does not include material changes due to new demand but will monitor and adjust as necessary [49] Question: Is the Great Basin open season binding? - Management confirmed that the open season is binding and will provide better indications of future CapEx changes once it closes [53]