SO's subsidiary, PowerSecure, plans to launch a 100% renewable fuel initiative with HVO at Durham microgrid, highlighting its commitment to clean energy and sustainability.
Norfolk Southern said on Friday it has reached tentative, five-year collective bargaining agreements with four labor unions.
Norfolk Southern's Q2 was mostly positive in my opinion, with the firm expanding operating income thanks to efficiency improvements at the railroad. The firm's ability to deliver real cost-savings and efficiency improvements in Q2 increases the credibility of their long-term target of an operating ratio below 60%. My base-case valuation suggests shares are fairly valued at present time, which, combined with margin expansion, suggests a long-term opportunity may be present in shares.
CALGARY, AB / ACCESSWIRE / August 20, 2024 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF), an established producer with natural gas and light oil assets in Mississippi, announces its second quarter financial and operating results for the three and six months ended June 30, 2024. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the three and six months ended June 30, 2024, which are available on the Company's website at www.southernenergycorp.com and have been filed under the Company's profile on SEDAR+ at www.sedarplus.ca.
Southern's (SO) division Georgia Power enhances grid reliability using unmanned aerial systems (drones) for safer, faster and cost-effective transmission line inspections across Georgia.
Norfolk Southern is a freight railroad company operating in the eastern USA, shipping merchandise, intermodal units, and coal. The company faced a significant financial impact in 2023 due to a train derailment incident in Eastern Ohio, resulting in decreased net income. Norfolk Southern has a strong economic moat due to factors such as limited competition, barriers to land acquisition, and monopolist status, leading to high margins and returns on equity.
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 (SO) has guided earnings per share of $3.95-$4.05 for 2024.
The Southern Company (NYSE:SO ) Q2 2024 Results Conference Call August 1, 2024 1:00 PM ET Company Participants Scott Gammill - Vice President, Investor Relations and Treasurer Chris Womack - President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Carly Davenport - Goldman Sachs Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies David Arcaro - Morgan Stanley Steve Fleishman - Wolfe Research Nick Campanella - Barclays Durgesh Chopra - Evercore ISI Jeremy Tonet - JPMorgan Travis Miller - Morningstar Inc. Operator Good afternoon. My name is Sherry, and I will be your conference operator today.
Although the revenue and EPS for Southern Co. (SO) give a sense of how its business performed in the quarter ended June 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 $1.09 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.79 per share a year ago.
Norfolk Southern (NYSE: NSC) recently reported its Q2 results, with revenues missing but earnings comfortably above our estimates. The company reported revenue of $3.04 billion and earnings of $3.25 per share, compared to our estimates of $3.07 billion and $2.90, respectively.