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Stock Market & Financial Investment News

News Breaks
June 25, 2014
14:07 EDTPQ, NEENextEra Energy subsidiary, PetroQuest partnering on new nat gas venture
Florida Power & Light, a subsidiary of NextEra Energy (NEE), announced it is partnering with PetroQuest Energy (PQ) on a new venture to develop up to 38 natural gas production wells in the Woodford Shale region in southeastern Oklahoma. PetroQuest will oversee and operate those wells. FPL will receive a portion of the natural gas produced from each well for its use. As part of its petition, FPL asked the Florida Public Service Commission to approve guidelines for future natural gas production projects to allow the company, and in turn its customers, to take advantage of future beneficial natural gas investment opportunities. "By investing in natural gas production at the source rather than paying full market prices, FPL is projecting customer savings of up to $107M over the life of the first project," the company said.
News For NEE;PQ From The Last 14 Days
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August 3, 2015
16:04 EDTPQPetroQuest reports Q2 EPS (94c), consensus (15c)
Reports Q2 revenue $32.55M, consensus $33.15M. Production for Q2 was 9.7 Bcfe, compared to 10.7 Bcfe for the comparable period of 2014. At June 30, the company had a working capital surplus of approximately $80M. It said, "With our improved liquidity position that includes $141 million of cash and a $70 million undrawn revolver we have the flexibility to navigate this low price environment for an extended period of time."
07:40 EDTNEENextEra Energy sees FY18 adjusted EPS $6.60 to $7.10
07:40 EDTNEENextEra Energy raises FY16 EPS to $5.85-$6.35 from $5.75-$6.25, consensus $6.07
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07:40 EDTNEENextEra Energy sees adjusted EPS to grow at CAGR of 6%-8% through 2018
07:39 EDTNEENextEra Energy backs FY15 adjusted EPS $5.40-$5.70, consensus $5.63
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07:38 EDTNEENextEra Energy reports Q2 adjusted EPS $1.56, consensus $1.50
NextEra Energy’s principal rate-regulated electric utility subsidiary, Florida Power & Light Company, reported Q1 net income of 97c per share. FPL averaged approximately 66,000 more customer accounts during the second quarter of 2015 than in the comparable prior-year quarter.
August 2, 2015
17:09 EDTNEEPresident of U.S. power company group comments on Clean Power regulation
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