During Thursday’s Current trade, Shares of Xcel Energy Inc (NYSE:XEL), lost -0.87% to $35.40.
Xcel Energy Inc. (XEL) stated 2015 second quarter GAAP and ongoing earnings of $197 million, or $0.39 per share, contrast with $195 million, or $0.39 per share, in the same period in 2014.
Second quarter electric margin raised due to new rates and riders in various jurisdictions and a lower PSCo earnings test refund that was partially offset by weather-normalized sales decline and unfavorable weather, having an impact of $0.02. The enhance in margin was offset by higher depreciation, lower allowance for funds used during construction, higher property taxes, operating and maintenance expenses and interest charges.
Xcel Energy Inc., through its auxiliaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources.
Shares of Ameren Corp (NYSE:AEE), declined -0.70% to $42.35, during its current trading session.
Ameren Corporation (AEE) declared second quarter 2015 net income in accordance with generally accepted accounting principles (GAAP) of $150 million, or 61 cents per share, contrast to second quarter 2014 GAAP net income of $149 million, or 61 cents per share. Not taking into account results from suspended operations and a 2015 loss provision for disongoing pursuit of a construction and operating license (COL) for a second nuclear unit at Ameren Missouri’s Callaway Energy Center, Ameren recorded second quarter 2015 core (non-GAAP) net income of $141 million, or 58 cents per share, contrast with second quarter 2014 core net income of $150 million, or 62 cents per share.
The year-over-year decrease in second quarter 2015 core earnings reflected lower retail electric sales volumes driven primarily by milder early summer temperatures in 2015. In addition, the earnings comparison was negatively affected by a seasonal rate redesign and the timing of revenues under formula ratemaking related to Ameren Illinois electric delivery, in addition to higher depreciation and amortization expenses. The effects of these factors were partially offset by earnings on raised investments in electric transmission and delivery infrastructure made under formula ratemaking and a lower effective income tax rate.
Ameren Corporation operates as a public utility holding company in the United States. The company engages in the rate-regulated electric generation, transmission, and distribution; and rate-regulated natural gas transmission and distribution businesses.
QEP Resources Inc (NYSE:QEP), during its Thursday’s current trading session decreased -4.65% to $13.74.
QEP Resources, Inc. (QEP) declared that members of the Company’s senior administration will take part in the forthcoming EnerCom Oil & Gas Conference on Tuesday, August 18, 2015 at 10:50 a.m. EDT (8:50 a.m. MDT). A link to the webcast and a copy of the presentation will be accessible at www.qepres.com or at www.theoilandgasconference.com. Attendees should log in to the webcast about 15 minutes proceeding to the presentation’s start time. A replay of the webcast will be accessible for about 30 days through a link on the Company’s website at www.qepres.com or at www.theoilandgasconference.com.
QEP Resources, Inc., through its auxiliaries, operates as an exploration and production company. The company acquires, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) primarily in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.
Finally, Quanta Services Inc (NYSE:PWR), decreased -0.92%, to $24.71.
Quanta Services, Inc. (PWR) declared that its board of directors has authorized the company to repurchase, from time to time through February 28, 2017, up to $1.25 billion in shares of its outstanding common stock. To implement a portion of this program, the company intends to enter into a $750 million accelerated stock repurchase (“ASR”) arrangement in the near term. The newly declared program follows completion of Quanta’s formerly authorized stock repurchase program, under which Quanta repurchased about 14.4 million shares of its common stock in the open market for a total cost of about $406 million in 2015.
Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, counting the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities.
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