Financial

  • Arch Coal shares tumbled 12 percent Tuesday after reports that the Creve Coeur-based miner was meeting with restructuring advisers to manage its large debt load amid the drawn-out slump in coal prices.
  • Hawaiian Electric Industries, Inc., or HEI, has reported that net income for common stock for the first quarter ended March 31, 2015 was $31.87 million, or $0.31 per share, compared to $45.79 million, or $0.45 per share, for the same quarter ended March 31, 2014. For 2015, the company expects earnings per share to be in the range of $1.64 to $1.74.
  • ALLETE, Inc., an electric utility company, has reported that net income attributable to the company for the first quarter ended March 31, 2015 was $39.9 million, or $0.85 per common diluted share, compared to $33.5 million, or $0.80 per common diluted share, for the same quarter ended March 31, 2014. For 2015, the company has reaffirmed its earnings per share guidance to be in the range of $3.00 to $3.20.
  • On Friday, Scott Depot-based Patriot Coal Corp. selected Kentucky coal company Blackhawk Mining as the potential buyer for its assets in bankruptcy.
  • Chesapeake Utilities Corporation has reported that net income for the first quarter ended March 31, 2015 was $21.11 million, or $1.44 per diluted share, compared to $17.68 million, or $1.22 per diluted share, for the same quarter ended March 31, 2014.
  • PPL Corporation, an electric utilities company, has reported that net income for the first quarter ended March 31, 2015 was $647 million, or $0.96 per common diluted share, compared to $316 million, or $0.49 per common diluted share, for the same quarter ended March 31, 2014. For 2015, the company has reaffirmed its earnings per share guidance to be in the range of $2.05 to $2.25.
  • Arch Coal, Inc. (NYSE: ACI) announced today that it received notice on May 21, 2015 from the New York Stock Exchange (the "NYSE") that it does not presently satisfy the NYSE's continued listing standard requiring the average closing price of a listed company's common stock to be at least $1.00 per share for any period of 30 consecutive trading days.
  • Fitch Ratings has affirmed the 'A+' rating on the following bonds, issued by Imperial Irrigation District, CA (IID, or the district).
  • Fitch Ratings has assigned an 'A+' rating to the following bonds issued by the Lower Colorado River Authority (LCRA).
  • First Solar, Inc. has reported a net loss of $62.29 million, or $0.62 loss per diluted share, for the first quarter ended March 31, 2015, compared to a net income of $112.01 million, or $1.10 per diluted share, for the same quarter ended March 31, 2014. For the second quarter of 2015, the company expects net Sales to be in the range of $750 million to $850 million.
  • OGE Energy Corporation, a provider of electricity and natural gas services, has reported that net income for the first quarter ended March 31, 2015 was $43.2 million, or $0.22 per common share, compared to $49.3 million, or $0.25 per common share, for the same quarter ended March 31, 2014. For 2015, the company expects consolidated earnings per average diluted share to be in the range of $1.76 to $1.89.
  • Fitch Ratings has affirmed its 'A+' rating on the following outstanding Bryan Texas Utilities, TX (BTU) rural electric system revenue bonds.
  • Westar Energy, Inc., an electric utility, has reported that net income attributable to common stock for the first quarter ended March 31, 2015 was $50.98 million, or $0.38 per diluted share, compared to $68.95 million, or $0.52 per diluted share, for the same quarter ended March 31, 2014. For 2015, the company has lowered its earnings guidance to be in the range of $2.18 to $2.33 per share.
  • Integrys Energy Group, Inc. has reported that net income attributed to common shareholders for the first quarter ended March 31, 2015 was $129.5 million, or $1.60 per diluted common share, compared to $152.4 million, or $1.89 per diluted common share, for the same quarter ended March 31, 2014.
  • Dominion, a power and energy company, has reported that net income attributable to the company for the first quarter ended March 31, 2015 was $536 million, or $0.91 per share, compared to $379 million, or $0.65 per share, for the same quarter ended March 31, 2014. For the second quarter of 2015, the company expects operating earnings per share to be in the range of 65 cents to 75 cents.
  • Wisconsin Energy Corporation, an electric utility, has reported that net income for the first quarter ended March 31, 2015 was $195.8 million, or $0.86 per diluted share, compared to $207.6 million, or $0.91 per diluted share, for the same quarter ended March 31, 2014.
  • The board of directors of NextEra Energy, Inc. (NYSE: NEE) today declared a regular quarterly common stock dividend of 77 cents per share. The dividend is payable on June 15, 2015, to shareholders of record on May 29, 2015. NextEra Energy, Inc.NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of …
  • Public Service Enterprise Group Inc., or PSEG, has reported that net income for the first quarter ended March 31, 2015 was $586 million, or $1.15 per diluted share, compared to $386 million, or $0.76 per diluted share, for the same quarter ended March 31, 2014.
  • MEG Energy Corp. has reported that net loss for the first quarter ended March 31, 2015 was C$508.31 million, or C$2.27 loss per share, compared to a net loss of C$103.44 million, or C$0.46 loss per share, for the same quarter ended March 31, 2014.
  • Topeka, Kan., May 20, 2015 - The Westar Energy, Inc. (NYSE:WR) Board of Directors today declared a quarterly dividend of 36 cents per share payable July 1, 2015, on the company's common stock.  The dividends are payable to shareholders of record as of June 9, 2015.