Surging energy demand from data centers prompts the U.S. utility company SO to redesign their coal and natural gas power strategies.
Norfolk Southern and activist investor Ancora struck a deal to avert a proxy fight at the railroad.
Moody's has cut Southern Water's debt rating and signalled further downgrades ahead as analysts warn a deteriorating sector outlook leaves the need for more supportive rules. Southern Water debt on Wednesday was reduced to junk status by credit rating agency Moody's, which also cut its view of the sector's regulatory “stability and predictability”.
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company, is pleased to announce that it has completed a biogeochemical black spruce bark sampling survey at its Southern Arm polymetallic VMS property ("Southern Arm" or the "Property") in the metal-rich northwest Abitibi subprovince of mining-friendly Quebec.
Norfolk Southern's bottom line is benefiting from robust cost-cutting initiatives. However, weak liquidity is a major headwind.
Brazilian state-controlled oil giant Petrobras said on Monday it has signed a deal with steelmaker Gerdau and gas distributor Sulgas to supply natural gas to two steel mills in the southern state of Rio Grande do Sul.
Zacks.com users have recently been watching Southern Co. (SO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Southern Company has shown remarkable resilience, with a 64% return over three years, driven by demand for energy and successful management of Hurricane Helene's impact. Despite challenges from inflation and rising interest rates, the company expects steady EPS growth of 5-7%, benefiting from economic activity in its operating areas. However, SO stock's current valuation at 23x earnings raises concerns, making it less appealing compared to other income-generating options in the sector.
The Southern Company (NYSE:SO ) Q3 2024 Earnings Conference Call October 31, 2024 1:00 PM ET Company Participants Greg MacLeod - Director-Investor Relations Chris Womack - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Carly Davenport - Goldman Sachs Shar Pourreza - Guggenheim Partners Ross Fowler - Bank of America Nick Campanella - Barclays Jeremy Tonet - JPMorgan Paul Fremont - Ladenburg Thalmann Durgesh Chopra - Evercore ISI Travis Miller - Morningstar Inc. Paul Patterson - Glenrock Associates Operator Good afternoon. My name is Julian, and I will be your conference operator for today.
SO has guided earnings per share of $4.05 for 2024.
Although the revenue and EPS for Southern Co. (SO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Southern Co. (SO) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.42 per share a year ago.