| AGL Resources (GAS) Raises 2015 Earnings Guidance - Analyst Blog | |
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Energy services holding company AGL Resources Inc. GAS announced an upward revision in its 2015 earnings guidance. Colder-than-normal weather in the first two months of the year resulted in improved performance by its distribution and retail businesses. Also, better-than-expected performance by its wholesale business supports the new guidance.
AGL Resources expects 2015 earnings per share (EPS) to range between $2.85 and $3.10, up from the prior guidance range of $2.70–$2.90. The company added that earnings from the wholesale services segment is anticipated to be in the $80 million–$110 million range, significantly higher than the previous guidance of $50 million. An increase in commercial activity during the first two months of 2015 led to the improved projection.
Excluding the Wholesale segment, the company expects EPS in the $2.70–$2.80 range, up from the prior guidance of $2.65–$2.75 per share.
AGL Resources expects Earnings Before Interest & Tax (EBIT) to range between $40 million and $60 million.
Last month, the company reported weaker-than-expected results, which marks its fourth consecutive quarterly miss. Despite the company’s announcement of an increase in its 2015 projections, it still remains substantially below the 2014 full-year earnings of $4.71 per share.
Atlanta, GA-based AGL Resources is an energy services holding company whose principal business is gas distribution. With the acquisition of Nicor Inc. in Dec 2011 AGL Resources became the largest domestic natural gas-only distribution entity. The company serves about 4.5 million customers across seven states.
Currently, AGL Resources carries a Zacks Rank #5 (Strong Sell).
Better-ranked players from the industry include WGL Holdings Inc. WGL, Chesapeake Utilities Corporation CPK and Vectren Corporation VVC. All these stocks hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AGL RESOURCES (GAS): Free Stock Analysis Report CHESAPEAKE UTIL (CPK): Free Stock Analysis Report WGL HLDGS INC (WGL): Free Stock Analysis Report VECTREN CORP (VVC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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WGL Holdings Inc.
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CODE : WGL |
ISIN : US92924F1066 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
WGL Holdings is a development stage company based in United states of america. WGL Holdings is listed in United States of America. Its market capitalisation is US$ 4.6 billions as of today (€ 3.9 billions). Its stock quote reached its lowest recent point on December 31, 1990 at US$ 13.25, and its highest recent level on July 06, 2018 at US$ 88.78. WGL Holdings has 51 359 182 shares outstanding. |