$VVC (Vectren Corporation)

$VVC {{ '2016-05-10T15:21:13+0000' | timeago}} • Announcement

Energy delivery services provider $VVC reported a drop in 1Q16 earnings due to lower utility group earnings and wider non-utility group losses. Net income fell to $48.3MM or $0.58 per share from $57MM or $0.69 per share last year. Total operating revenues dropped to $584.8MM from $706.2MM.

$KMI {{ '2017-07-20T18:31:43+0000' | timeago}} • Webcast

$KMI plans to cover all of its financial growth CapEx with the use of its surplus cash flow, without the need to access equity or debt markets. The company, however, will be accessing debt markets to refinance maturing debt.

$KMI {{ '2017-07-20T18:25:38+0000' | timeago}} • Webcast

Commenting on its intention to the share buyback, $KMI said it is interested in the opportunistic purchases of shares, particularly since the company's share to DCF ratio is about five turns below the peer group average.

$KMI {{ '2017-07-20T18:19:56+0000' | timeago}} • Webcast

$KMI's distributable cash flow (DCF), a commonly used metric to measure the ability of assets to generate cash earnings, was $1.02Bil for 2Q17, down slightly from $1.05Bil a year ago. The decline was primarily attributable to the sale of 50% of Southern Natural Gas Company and the Kinder Morgan Canada Ltd (KML) IPO transaction.

$KMI {{ '2017-07-20T18:04:59+0000' | timeago}} • Webcast

At the end of 2Q17, $KMI's backlog stood at $12.2Bil. The company had new project additions in gas and CO2 which outpaced projects that were placed in service primarily in the terminals segment. The company continues to build out this backlog which it expects will contribute significant EBITDA to the segments when complete.

$AVA {{ '2017-07-20T15:33:22+0000' | timeago}} • Announcement

Energy company $AVA has agreed to be acquired by Canada-based power transmission firm Hydro One Ltd. The acquisition will be accretive to earnings in the mid-single digits in the first full year of operation. Avista shareholders will receive $53 per share. Hydro will fund the transaction with C$1.4Bil of its common equity and US$2.6Bil of debt.

$KMI {{ '2017-07-19T21:48:08+0000' | timeago}} • Announcement

$KMI BoD approved a cash dividend of $0.125 per share for 2Q17. The dividend is payable on Aug. 15, 2017, to common shareholders of record as of the close of business on July 31, 2017. $KMI also expects to declare an annual dividend of $0.80 per share for 2018, a 60% increase from the expected 2017 dividend.

$KMI {{ '2017-07-19T21:40:34+0000' | timeago}} • Announcement

As a result of the recent IPO of its canadian assets, $KMI now expects to end FY17 with a net debt-to-Adjusted EBITDA ratio of approx. 5.2 times and growth capital investment of $3.1Bil. The company had earlier budgeted to invest $3.2Bil in growth projects and end the year with a net debt-to-Adjusted EBITDA ratio of approx. 5.4 times.

$KMI {{ '2017-07-19T21:36:31+0000' | timeago}} • Announcement

$KMI, that recently had successful IPO of its Canadian business, posted a 7% increase in revenue for 2Q17 to $3.37Bil. The energy infrastructure company earned $337MM, or $0.15 per share, a slight increase from $333MM a year ago.

$KMI {{ '2017-07-19T21:15:38+0000' | timeago}} • Announcement

$KMI forecast to raise dividend by 60% for 2018, the first increase since Dec. 2015. The company, at the end of 2015, slashed its dividend by 75% in order to cut costs and survive during the oil downturn. The company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25% annually. The board also authorized a $2Bil share buyback program.

$KMI {{ '2017-07-19T20:37:01+0000' | timeago}} • Infographic

$KMI Kinder Morgan Earnings AlphaGraphic: Q2 2017 Highlights

$WPZ {{ '2017-07-19T13:32:50+0000' | timeago}} • Announcement

$WPZ said Northwest Pipeline is seeking the Federal Energy Regulatory Commission (FERC) approval for North Seattle Lateral Upgrade project in south Snohomish County in the state of Washington. The construction-related activities are scheduled to begin in 2Q19 and would be completed in 4Q19.

$ADTN {{ '2017-07-18T12:00:59+0000' | timeago}} • Announcement

Networking solutions provider $ADTN has commenced lab testing of innovations in the ‘G.fast standard 212MHz and coordinated dynamic time allocation,’ in association with communications firm Deutsche Telekom. The evaluation of ultra-broadband technologies will allow rapid deployment of ultra-fast broadband services with minimal disruption.

$ADTN {{ '2017-07-18T11:56:10+0000' | timeago}} • Announcement

Networking solutions provider $ADTN has signed a supply agreement with nbn to advance high-speed broadband access in Australia. The agreement, which covers software, hardware and services, includes commitments from both companies to support the ongoing nationwide network rollout.

$SO {{ '2017-07-17T19:44:39+0000' | timeago}} • Announcement

$SO announced a regular quarterly dividend of $0.58 per share on the company's common stock, payable September 6, 2017, to shareholders of record as of August 21, 2017.

$SO {{ '2017-07-12T20:41:20+0000' | timeago}} • Announcement

Energy company $SO and its subsidiary Gulf Power have launched the latest battery storage research project. The project is envisaged to demonstrate the capabilities of an energy storage system designed to help industrial and commercial customers store and use energy. It is expected to boost development of battery storage technology in the company.

$WPZ {{ '2017-07-11T13:45:24+0000' | timeago}} • Announcement

$WPZ has placed into service the first phase of its Hillabee expansion project, expanding the capacity of its Transco pipeline system in Alabama by 818,410 dekatherms per day to supply Florida power generators via the new Sabal Trail pipeline. The project will add a total of approx. 1,131,730 Dt/d of pipeline capacity to the Transco system by 2021.

$WPZ {{ '2017-07-06T15:43:12+0000' | timeago}} • Announcement

$WPZ has completed the sale of all of its membership interest in Williams Olefins LLC. to NOVA Chemicals for $2.1Bil in cash. Williams Partners plans to use the cash proceeds from the transaction to pay off its $850MM term loan and to fund a portion of the capital and investment expenditures.

$SO {{ '2017-06-30T14:40:26+0000' | timeago}} • Announcement

$SO's subsidiary Southern Power has signed an agreement with Wärtsilä, a supplier of flexible generation technology, to develop two flexible gas power plant projects, which could be as large as 450 megawatts each.

$SO {{ '2017-06-28T20:35:00+0000' | timeago}} • Announcement

$SO and Mississippi Power announced the suspension of start-up and operations activities involving the lignite gasification portion of the Kemper County energy facility. The facility will continue to operate using natural gas pending the Mississippi Public Service Commission's decision on future operations.

$SO {{ '2017-06-27T14:33:37+0000' | timeago}} • Announcement

$SO's PowerSecure unit entered into a strategic alliance with Advanced Microgrid Solutions to develop and deploy behind-the-meter distributed energy resources across the US. PowerSecure will bring project design, engineering and technology solutions to the alliance while AMS will provide asset management services through its ArmadaTM platform.

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