This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Englefield, parent company of the 116-site Duchess Convenience Stores, announced this week that it has appointed F.W. “Will” Englefield V president of Englefield Energy and Ashley Englefield DeWitt president of Englefield Retail. The new executives are the third generation of Englefields to hold a leadership position for the family-owned convenience store and fuel ...

LIBERTY, Mo., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Ferrellgas, a leading national propane logistics company, proudly continues its long-standing commitment to educational advancement through the Ferrellgas Scholarship Program. As part of the company’s broader mission to invest in the leaders of tomorrow and strengthen communities, this year’s scholarships will support 14 students on their higher education journeys. Now in its fourth decade, the Ferrellgas Scholarship Program provides meaningful financial supp ...

Summary of Weekly Oil Data Industry Overview - The report focuses on the oil industry, specifically crude oil and refined products in the United States. Key Points Crude Oil Inventory - Crude oil inventories decreased by **9.2 million barrels (Mb)**, significantly more than the consensus estimate of a **0.9 Mb** draw and the 5-year average draw of **2.7 Mb** [1] - API data indicated a draw of **3.4 Mb** [1] - Net crude imports fell by **3.1 million barrels per day (Mb/d)** week-over-week [1] - Crude oil production slightly decreased by **13 thousand barrels per day (kb/d)** to **13.5 Mb/d** [1] Refinery Utilization - Refinery utilization decreased by **160 basis points (bps)** week-over-week to **93.3%** of operable capacity, compared to a consensus decrease of **40 bps** [1] Product Demand - Implied oil products consumption increased by **0.9 Mb/d** week-over-week to **20.6 Mb/d**, reversing the previous week's decline [2] - Gasoline consumption led the increase, rising by **0.3 Mb/d** [2] - Total demand on a 4-week average increased by **2%** week-over-week, reaching **20.7 Mb/d** [2] Product Stocks - Total product inventories rose by **10.5 Mb** week-over-week to **867 Mb** [3] - The increase was primarily driven by "Others" (+**7.5 Mb**), followed by distillate (+**4.0 Mb**) and propane (+**1.3 Mb**) [3] - Gasoline stocks fell by **2.3 Mb**, contrary to the consensus expectation of an increase of **0.1 Mb** [3] Detailed Inventory Data - Crude oil production was reported at **13,482 kb/d**, with a week-over-week change of **-13 kb/d** [4] - Crude oil imports were **5,692 kb/d**, down **579 kb/d** [4] - Exports increased significantly by **2,532 kb/d** to **5,277 kb/d** [4] - Total crude oil stocks were reported at **415.4 Mb**, down **9.3 Mb** [4] Market Implications - The significant draw in crude oil inventories and the increase in product demand suggest a tightening market, which could lead to upward pressure on oil prices [1][2][3] - The decrease in refinery utilization may indicate a cautious approach by refiners in response to fluctuating demand and inventory levels [1] Additional Insights - The report highlights the volatility in product stocks, particularly the unexpected decline in gasoline inventories, which could impact pricing and supply strategies moving forward [3] - The data reflects broader trends in the oil market, including shifts in consumer behavior and potential geopolitical influences on supply and demand dynamics [2][3] This summary encapsulates the critical data and insights from the weekly oil report, providing a comprehensive overview of the current state of the oil industry in the United States.

Core Points - Chesapeake Utilities Corporation and its subsidiary Sharp Energy have been recognized as "Stars of Delaware" for the sixth consecutive year, with Chesapeake Utilities named Best Natural Gas/Energy Provider and Sharp Energy awarded Best Propane Company [1][2]. Company Overview - Chesapeake Utilities has over 100 years of experience in providing safe and reliable natural gas service across Delaware and Maryland, operating nearly 2,100 miles of distribution mains and serving more than 110,000 customers [3][7]. - Sharp Energy, a subsidiary of Chesapeake Utilities, has a strong reputation for customer satisfaction, delivering propane to approximately 90,000 customers and maintaining nearly nine million gallons of propane storage [4][8]. Industry Recognition - The Stars of Delaware awards are based on over 44,000 votes from Daily State News readers, highlighting businesses that Delaware residents trust [2]. - The awards were celebrated at a community event in Dover, Delaware, showcasing the importance of local businesses in the community [5].

Core Insights - The article identifies three dividend stocks with growth potential: Permian Resources Corp., Archrock Inc., and Targa Resources [1][5][17] Company Summaries Permian Resources Corp. (PR) - Formed in September 2022 through a merger, the company operates in the Permian Basin and reported FY '24 revenue of $5 billion, a 60% increase, and net income of $984 million, a 106% increase, resulting in a basic EPS of $1.54 [7] - The forward annual dividend is $0.60 per share, yielding 4.3%, with a payout ratio of 45.58% [7] - Analysts rate it a "Strong Buy" with a score of 4.73 out of 5 and a highest price target of $22 per share, indicating ~58% upside potential [8] Archrock Inc. (AROC) - A provider of natural gas compression services, Archrock reported FY '24 revenue of $1.16 billion, a 17% increase, and net income of $172.2 million, a 64% increase, with an EPS of $1.05 [10][11] - The forward annual dividend is $0.84 per share, yielding 3.34%, with a payout ratio of 49.76% [11] - Over the past five years, the dividend has grown 21.82%, and the stock has appreciated 316.97%, with analysts rating it a "Moderate Buy" and a highest price target of $33 per share, suggesting ~31% upside potential [12] Targa Resources (TRGP) - Targa Resources, which supports natural gas and oil producers, reported FY '24 revenue of $16.38 billion, a 2% increase, and net income of $1.28 billion, a 53% increase, with an EPS of $2.94 [14][15] - The forward annual dividend is $4.00 per share, yielding 2.46%, with a payout ratio of 46.13% [15] - Analysts rate it a "Strong Buy" with a score of 4.67 out of 5 and a highest price target of $240 per share, indicating ~45% upside potential, with a stock gain of over 975% in the past five years [16]

Core Viewpoint - Pembina Pipeline Corporation (PBA) is a significant midstream energy company in North America, focusing on the transportation, storage, and processing of oil, natural gas, and natural gas liquids, supported by a robust network of infrastructure assets [1][3]. Company Overview - Pembina operates a fully integrated value chain across all major commodities, including natural gas, NGLs, condensate, and crude oil, uniquely positioning the company to capture volumes from the growing Western Canadian Sedimentary Basin (WCSB) [4][18]. - The company has a strong financial foundation backed by long-term, take-or-pay contracts, with approximately 1 million barrels per day of firm contracted volumes and a weighted average contract life of 7.5 years [9][18]. Growth Strategies - Pembina is advancing over C$1 billion in pipeline expansions, including the Taylor-to-Gordondale and Fox Creek-to-Namao projects, which are secured by long-term contracts and designed to meet rising transportation needs from WCSB production [6][8]. - The company is enhancing its propane export capabilities with a C$145 million optimization of its Prince Rupert Terminal, aiming to access 50,000 barrels per day of export capacity, targeting strong demand from Asian markets [7][18]. - The Pembina Gas Infrastructure (PGI) joint venture with KKR has been successful in acquiring new assets and securing long-term dedications, enhancing Pembina's growth prospects [10][18]. Competitive Position - Pembina's integrated model provides resilience against commodity price fluctuations, allowing it to offset weaknesses in one area with strengths in another, creating a competitive advantage in Western Canada [5][18]. - The company’s proactive approach to capitalizing on international LPG markets differentiates it from peers like Plains Group and Kinder Morgan, which have more U.S.-centric focuses [7][18]. Financial Considerations - The company’s capital expenditures for 2025 are projected to be C$1.3 billion, which may pressure near-term free cash flow and limit shareholder returns [8][13]. - Despite a solid revenue base, Pembina's Marketing & New Ventures division is exposed to commodity price volatility, which can lead to unpredictable earnings [14][19]. Recent Performance - Pembina's stock has underperformed compared to industry peers, declining 6.3% over the past year, while competitors like Kinder Morgan and Enbridge saw gains of 25.1% and 20.3%, respectively [15][19].

Core Viewpoint - Star Group, L.P. (SGU) has experienced a decline in share price and underperformed against the S&P 500 index following its third-quarter fiscal 2025 results, indicating challenges in revenue and profitability [1] Q3 Results - For the fiscal quarter ending June 30, 2025, Star Group reported revenues of $305.6 million, a decrease of 7.8% from $331.6 million in the prior-year quarter, attributed to lower product sales volumes and decreased selling prices [2] - Home heating oil and propane volume fell by 3.8% to 36.2 million gallons, with customer attrition and warmer weather impacting performance [2] Financial Performance - The company reported a net loss of $16.6 million, compared to a loss of $11 million in the same period last year, with an adjusted EBITDA loss widening to $10.6 million from $4.1 million [3] - Loss per share was 48 cents, wider than the 31 cents loss in the previous year [3] Other Key Business Metrics - Service and installation performance improved, with gross profit rising by $0.6 million to $14 million, reflecting expense control [4] - Delivery and administrative expenses increased by $4.3 million year over year, primarily due to acquisition-related costs [4] Year-to-Date Performance - In the first nine months of fiscal 2025, volumes rose by 11.8% to 262.6 million gallons, supported by colder weather and acquisitions [5] - Product gross profit for the nine months grew by 13% to $480 million, with net income increasing by 45% year over year to $102.2 million [5] Management Commentary - Management highlighted improved service metrics and benefits from propane acquisitions, despite seasonal weaknesses and customer attrition [6] - The company aims to expand its customer base in propane and heating oil while diversifying revenue streams to mitigate weather sensitivity [6] Factors Influencing Results - Revenue decline was linked to reduced heating oil and propane demand due to warmer temperatures, which were 2% warmer than last year and 19.3% warmer than normal [7] - Selling prices fell alongside a 14.3% decline in wholesale product costs [7] Margin Pressures - Margins faced pressure from acquisition-related mix effects, although acquisitions contributed positively to adjusted EBITDA during a typically loss-making quarter [8] - Expense growth was primarily driven by acquisition-related integration costs, while base business expenses were managed tightly [8] Future Outlook - Management expressed confidence in achieving strong fiscal 2025 performance, citing benefits from acquisitions and improved operational execution [10] - The company is positioned as a more resilient and diversified energy provider capable of adapting to varied weather conditions [10] Other Developments - Star Group completed four acquisitions in fiscal 2025, with a focus on propane, which significantly contributed to quarterly results [11] - AI technology has been introduced into customer service interfaces to enhance responsiveness while maintaining a personal touch [11]

Core Viewpoint - Energy Transfer reported solid second-quarter results, with strong midstream operations despite some headwinds, indicating potential for future growth [1][15]. Financial Performance - The company generated nearly $3.9 billion in adjusted EBITDA, a 3% increase year-over-year [3]. - Distributable cash flow (DCF) decreased by 4% to nearly $2 billion, reflecting a slowdown compared to last year's growth rates of 13% in EBITDA and 10% in DCF [3]. Segment Performance - The interstate transportation and storage segments, along with midstream operations, contributed positively to earnings, while crude oil, NGL, and intrastate segments faced challenges due to lower commodity prices and higher expenses [6]. - New partnership records were set in midstream volumes, crude oil transportation (up 9%), NGL transportation (up 4%), and NGL exports (up 5%) [11]. Future Outlook - The company anticipates adjusted EBITDA to be at or slightly below the lower end of its 2025 guidance range of $16.1 billion to $16.5 billion, implying about 4% growth from last year [8]. - Several expansion projects, including the Lenorah II and Badger processing plants, are expected to provide incremental earnings in the coming quarters [9]. - Additional projects planned for 2026 and beyond, such as the Mustang Draw gas processing plant and the Hugh Brinson gas pipeline, are expected to enhance earnings growth momentum [10]. Expansion Projects - Energy Transfer has secured new expansion projects that extend its growth outlook through the end of the decade, including the Hugh Brinson Phase II and the $5.3 billion Transwestern Pipeline [12]. - Proposed projects like the Lake Charles LNG export terminal and the CloudBurst AI data center gas supply project are under development, which could further enhance long-term growth [13]. Strategic Acquisitions - The company has financial flexibility to pursue strategic acquisitions, which could bolster its growth profile [14].

Financial Performance - Adjusted EPS for Q2 2025 was $1.04, a 21% increase compared to $0.86 in Q2 2024[16, 24] - Adjusted Gross Margin for Q2 2025 reached $142.8 million, up 13% from Q2 2024[24] - Adjusted Net Income for Q2 2025 was $24.3 million, a 26% increase from Q2 2024[24] - Year-to-date Adjusted EPS reached $3.25, a 10% increase from YTD 2024[21, 25] - Year-to-date Adjusted Gross Margin was $325.2 million, up 12% from YTD 2024[25] - Year-to-date Adjusted Net Income was $75.4 million, a 14% increase from YTD 2024[25] Capital Expenditure and Projects - The company increased its 2025 capital expenditure guidance by $50 million, with a new range of $375 million to $425 million[17, 30] - A new Ohio pipeline project, with a capital investment of $10 million, will serve a fuel cell powering a data center and is expected to be operational in the first half of 2027[17, 44] - The Worcester Resiliency Upgrade (WRU) project, a $100 million FERC-approved LNG storage facility, is expected to add $3.9 million of additional full-year margin[46, 49, 50] Regulatory and Strategic Initiatives - Final orders were received for all three active rate cases in Delaware, Maryland, and Florida[17] - The company reaffirmed its 2025 Adjusted EPS guidance range of $6.15 to $6.35[30]

Core Viewpoint - Chesapeake Utilities Corporation reported strong financial results for the second quarter and first half of 2025, highlighting significant growth in net income and adjusted earnings per share driven by regulatory initiatives, infrastructure programs, and increased demand for natural gas services [2][4][6]. Financial Performance - Net income for Q2 2025 was $23.9 million ($1.02 per share), up from $18.2 million ($0.82 per share) in Q2 2024, marking a 31.2% increase in net income and a 24.4% increase in EPS [2][14]. - Adjusted net income for Q2 2025 was $24.3 million ($1.04 per share), compared to $19.3 million ($0.86 per share) in Q2 2024, reflecting a 20.9% increase in adjusted EPS [2][16]. - For the first half of 2025, net income was $74.8 million ($3.22 per share), up from $64.4 million ($2.89 per share) in the same period of 2024, representing an 11.4% increase in EPS [4][14]. Growth Drivers - Adjusted earnings growth was primarily driven by contributions from regulatory initiatives, infrastructure programs, and organic growth in natural gas distribution and pipeline expansion projects [3][6]. - The company experienced a 13% increase in adjusted gross margin, attributed to operational efficiency improvements and increased customer consumption [6][17]. Capital Expenditure and Guidance - Year-to-date capital deployment reached $213 million, prompting an increase in full-year 2025 capital expenditure guidance to a range of $375 million to $425 million [7][9]. - The company reaffirmed its 2025 EPS guidance range of $6.15 to $6.35 per share and its 2028 EPS guidance range of $7.75 to $8.00 per share [8][9]. Regulatory and Infrastructure Initiatives - The company successfully resolved all three active rate cases and received approval for updated rates for the Worcester Resiliency Upgrade project, expected to generate an additional $3.9 million in margin once operational [7][9]. - Significant progress was made in capital projects, including pipeline expansions and regulatory initiatives aimed at meeting rising natural gas demand [7][36]. Segment Performance - The regulated energy segment reported an adjusted gross margin of $117.7 million for Q2 2025, up from $103.3 million in Q2 2024, driven by rate changes, natural gas transmission service expansions, and contributions from regulated infrastructure programs [18][25]. - The unregulated energy segment saw an adjusted gross margin increase to $25.0 million in Q2 2025 from $23.4 million in Q2 2024, despite challenges in propane operations [21][28].