New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
18:24 EDTSUG, LGLaclede Group announces sale of New England Gas Co to Algonquin Power
The Laclede Group (LG) announced that Laclede has entered into an agreement with Algonquin Power & Utilities Corp that will allow an APUC subsidiary to assume Laclede's rights to purchase the assets of New England Gas Company, an operating division of Southern Union (SUG). APUC's acquisition of NEG is subject to approval from the Massachusetts Department of Public Utilities. Laclede and Southern Union filed for regulatory approval with the department on January 24. The Laclede subsidiary will remain obligated to acquire NEG pursuant to the terms of the initial agreement with Southern Union in the event that APUC is not able to satisfy all conditions to closing on or before October 14. The companies expect to close both of these transactions before the end of Q3. The transactions do not impact Laclede's acquisition of Southern Union's Missouri Gas Energy division, announced in December 2012.
News For LG;SUG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2015
07:04 EDTLGLaclede board increases quarterly dividend by 6.5% to 49c
Subscribe for More Information
07:04 EDTLGLaclede sees long-term CapEX to increase to $335M by 2020
Looking longer term, the Company anticipates that its level of capital spending will increase from $315 million in 2016 to approximately $335 million by 2020, or a total of more than $1.6 billion over the next five years, driven by higher utility investment. Laclede also confirms its long-term net economic earnings per share growth target of 4 - 6 percent.
07:03 EDTLGLaclede sees FY16 NEE $3.34-$3.44, consensus $3.37
Sees FY16 CapEx $315M, with Gas Utilities accounting for $310M of that total. This increase reflects the continued ramp-up of infrastructure upgrades in both Missouri and Alabama. Laclede expects that 70 percent of its fiscal 2016 capital expenditures will be recovered in rates with minimal lag under the existing regulatory mechanisms in Missouri and Alabama. In addition, approximately 10% of the remaining total spend is anticipated to support Missouri-based new business expansion that will add to operating margin.
07:02 EDTLGLaclede reports Q4 EPS (43c), consensus (35c)
Reports Q4 revenue $204.2M, consensus $287.11M.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use