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.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESSWIRE / October 29, 2024 / Tenth Avenue Petroleum Corp. ("TPC" or the "Company") (TSXV:TPC) further to its October 3, 2024 Press Release, the Company is pleased to announce that it has entered into a Purchase and Sales Agreement ("PSA") to acquire (the "Acquisition") approximately 82 boe/d (492 mcf/d) of low decline, long-life producing natural gas assets located north east of Brooks, Alberta from an arm's length party. The Acquisition is comprised of two non-operated Units (49% working interest) and 8 non-unit wells (25% working interest) of 8% low-decline natural gas production, currently producing from the Milk River, Second White Specs and Medicine Hat zones.
Beyond analysts' top -and-bottom-line estimates for Southern Co. (SO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Southern Co. (SO) reachead $93.61 at the closing of the latest trading day, reflecting a -0.57% change compared to its last close.
SCCO's third-quarter 2024 earnings rise year over year on higher prices (except molybdenum) and volumes and gains from cost-saving actions.
Southern Co. (SO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.