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14 May, 2021 Author Tom DiChristopherGaurang Dholakia
Natural gas utilities reported another solid quarter of earnings to kick off 2021, with several gas distributors crediting winter storm tailwinds for profits that exceeded expectations and strong year-over-year gains.
Eight of nine gas utilities in a group selected by S&P Global Market Intelligence posted EPS that surpassed S&P Capital IQ consensus normalized earnings estimates. All of the companies posted year-over-year EPS gains, and five of those companies have now posted at least four consecutive quarters of earnings improvement.
The earnings period included February s devastating winter storms, which plunged parts of the Southern and Central U.S. into blackouts and contributed to dozens of deaths. The event led to a run on gas demand and extreme price spikes, resulting in sky-high gas purchase costs for some utilities.
Texas
United-states
Jersey
Oklahoma
Steven-rasche
Gas-inc
Energy-services
Centuri-group-inc
Spire-inc
Atmos-energy-corp
Gas-holdings-inc
Chesapeake-utilities-corp
President and Chief Executive Officer
Good morning, and welcome to SJI s 2021 Investor Day. I m Mike Renna, President and CEO of SJI, and we re pleased to have you join us today. The SJI management team, many of whom you ve just seen in our introductory video, will be joining me today to share our plans to deliver strong long-term growth and value for our shareholders. While COVID has certainly presented an unprecedented series of challenges, one thing the past 14 months has taught us, to be a bit more patient and not to take every cameo every child cameo and dog bark quite so seriously. So here s to turning the corner into a future we can all be together again in person healthy and safe. As we begin, please be aware that certain statements in today s webcast contain estimates and other forward-looking statements within the meaning of the securities laws. And we wish to caution persons watching this webcast that its current expectations, assumptions and beliefs forming the basis o
Jersey
New-york
United-states
New-jersey
Atlantic-city
State-of-new-jersey
Pennsylvania
Oregon
America
Chris-ellinghaus
Mike-renna
Michaelj-renna