Street

Producers Must Pull Weight on Natural Gas Issues, AGA Exec Says

Calling it a two way street, American Gas Association CEO David Parker said natural gas producers should support customer issues such as low-income energy assistance and pipeline safety just as the nation’s natural gas utilities have lent their voice in Congress and elsewhere in support of greater natural gas production to meet growing customer demand.

October 28, 2004

ExxonMobil, Shell, Apache Report Lower North American Gas Volumes

Producers’ second quarter earnings continue to eclipse Wall Street forecasts because of higher natural gas and oil prices, but the profits shadow continued reports of lower overall natural gas production in North America. ExxonMobil Corp., Royal Dutch/Shell Group and Apache Corp., which all released 2Q earnings Thursday, reported higher production compared to a year ago. However, only Apache reported higher worldwide gas output, and North American gas production was lower for all three.

July 30, 2004

Williams Reports Small 1Q Profit, May Keep Power Assets

Williams missed Wall Street earnings estimates of 8 cents/share for the first quarter of 2004, but reported income from continuing operations of 1 cent/share or $5.4 million compared to a restated loss of 9 cents/share or $39.3 million for 1Q2003. It also posted net income of $9.9 million, or 2 cents/share, compared to a net loss of $814.5 million, or $1.59/share a year earlier.

May 10, 2004

Williams Reports Small 1Q Profit, May Keep Power Assets

Williams missed Wall Street earnings estimates of 8 cents/share for the first quarter of 2004, but reported income from continuing operations of 1 cent/share or $5.4 million compared to a restated loss of 9 cents/share or $39.3 million for 1Q2003. It also posted net income of $9.9 million, or 2 cents/share, compared to a net loss of $814.5 million, or $1.59/share a year earlier.

May 7, 2004

FERC Settlement Should Help Reliant on Pending CA Cases

What enouraged Wall Street sent shivers of skepticism through half-empty Sacramento political corridors last week in the wake of the largest settlement ever involving the allegations of western wholesale energy market manipulation.

October 6, 2003

PSEG Avoids Large One-Time Charges, Posts Improved Results

Public Service Enterprise Group (PSEG) beat Wall Street estimates and avoided the large one-time negative charges of a year ago in announcing earnings from continuing operations for the second quarter of $150 million, or 66 cents/share, compared to a loss of $227 million, or $1.10/share.

July 28, 2003

PSEG Avoids Large One-Time Charges, Posts Improved Results

Public Service Enterprise Group (PSEG) beat Wall Street estimates and avoided the large one-time negative charges of a year ago in announcing earnings from continuing operations for the second quarter of $150 million, or 66 cents/share, compared to a loss of $227 million, or $1.10/share.

July 23, 2003

CSFB: Gas Shortage Next Winter ‘Extremely Unlikely’

Despite the brouhaha in both Washington, DC and Wall Street on the dire outlook for natural gas in North America, a potential shortage — as in an inability to refill storage — is “extremely unlikely” for the coming winter heating season, said Credit Suisse First Boston (CSFB) analysts in a new report.

July 22, 2003

PG&E Splits from NEG Bankruptcy; PG&E GT-NW Could be Sold

Part of Wall Street spoke quickly and cautiously last Tuesday despite the separation of the Canada-to-California interstate PG&E Gas Transmission-Northwest pipeline from the Chapter 11 bankruptcy filing made by its parent, the PG&E Corp.’s merchant energy group, earlier in the day. The pipeline still could be sold off in the bankruptcy proceeding, a spokesperson said.

July 14, 2003

PG&E Splits from NEG Bankruptcy; PG&E GT-NW Could be Sold

Part of Wall Street spoke quickly and cautiously late Tuesday despite the separation of the Canada-to-California interstate PG&E Gas Transmission-Northwest pipeline from the Chapter 11 bankruptcy filing made by its parent, the PG&E Corp.’s merchant energy group, earlier in the day. The pipeline still could be sold off in the bankruptcy proceeding, a spokesperson said.

July 9, 2003
1 8 9 10 11 12 14