Earnings

Despite Coronavirus, Williams CEO Says Natural Gas Demand Solid, Exceeding ‘Historical Norms’

Despite Coronavirus, Williams CEO Says Natural Gas Demand Solid, Exceeding ‘Historical Norms’

Tulsa-based Williams, which operates more than 30,000 miles of natural gas pipelines across the onshore and into the deepwater Gulf of Mexico, said demand remains solid in the face of the coronavirus pandemic and the economic disruption it imposed beginning in March.

May 6, 2020
Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Devon Prioritizing Permian, Deferring Operations in Anadarko, Eagle Ford and PRB

Lower 48 independent Devon Energy Corp., whose broad portfolio stretches across Texas, and into the Anadarko and Powder River (PRB) basins, has curtailed 10,000 b/d of oil through at least June, with future shut-ins to be made on a month-to-month basis given ongoing price volatility.

May 6, 2020
Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Banks on New NGL Assets, Leaner Structure in Driving 2020 Growth

Crestwood Equity Partners LP is offering incentive rates across its midstream portfolio in order to generate revenue, but management expects the natural gas liquids (NGL) storage and rail-to-truck liquid petroleum gas (LPG) terminal assets that it recently acquired to be the largest contributor to a projected 3% year/year increase in earnings this year.

May 6, 2020
WEC Energy Says Mild Winter Weighs on Natural Gas Demand, but Expense Cuts to Protect Bottom Line Amid Coronavirus

WEC Energy Says Mild Winter Weighs on Natural Gas Demand, but Expense Cuts to Protect Bottom Line Amid Coronavirus

WEC Energy Group said declining demand for natural gas amid mild winter weather weighed on its first quarter top line, and fallout from the coronavirus may curb sales overall in the current quarter and beyond, necessitating cost-cutting to protect profits.

May 5, 2020
Sempra Shrugs Off Covid-19 in Profitable 1Q2020; Customer Base in Texas Grows

Sempra Shrugs Off Covid-19 in Profitable 1Q2020; Customer Base in Texas Grows

While some liquefied natural gas (LNG) and Mexican operations have been slowed, Sempra Energy’s U.S. utilities helped carry the energy infrastructure holding company to increased profits in 1Q2020.

May 5, 2020
TC Energy Maintains Keystone Start Date for 2023, Says Natural Gas Flows (So Far) Unaffected by Covid-19

TC Energy Maintains Keystone Start Date for 2023, Says Natural Gas Flows (So Far) Unaffected by Covid-19

TC Energy Corp. CEO Russell Girling said last Friday during a quarterly earnings call the company still expects the Keystone XL crude oil pipeline to enter service in 2023, even though a U.S. court in mid-April vacated the conduit’s nationwide water crossing permit.

May 5, 2020
Antero, NFG Announce Further Activity Cuts as Pandemic Wears On

Antero, NFG Announce Further Activity Cuts as Pandemic Wears On

Planned production curtailments and delayed well completions continue to grow in the Appalachian Basin as more exploration and production (E&P) companies are continuing to announce less activity in the face of Covid-19 and the corresponding slide in commodity prices.

May 5, 2020
Total’s LNG Sales Grew in 1Q, But Slowdown Likely Ahead

Total’s LNG Sales Grew in 1Q, But Slowdown Likely Ahead

Total SA on Tuesday highlighted the resilience of its liquefied natural gas (LNG) sales in the first quarter, which increased by nearly 30% year/year during a period that otherwise squeezed many facets of the supermajor’s operations.

May 5, 2020
TC Energy 1Q Natural Gas Flows Strong Despite Coronavirus; Keystone XL Still On Track for 2023 In-Service

TC Energy 1Q Natural Gas Flows Strong Despite Coronavirus; Keystone XL Still On Track for 2023 In-Service

Natural gas flows on TC Energy Corp.’s North American pipelines were largely unaffected by the Covid-19 pandemic during the first quarter, management said Friday.

May 4, 2020
Covid-19 Presents New Normal for Energy Sector, Edison CEO Says

Covid-19 Presents New Normal for Energy Sector, Edison CEO Says

California’s coronavirus lockdown has shone a spotlight on the state’s energy sector, and the eventual recovery to a new-normal economy will require a key role for clean energy, according to Edison International (EI) CEO Pedro Pizarro.

May 4, 2020