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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
143 |
Employees |
5,989 |
Revenues (TTM) (Millions $) |
5,598 |
Net Income (TTM) (Millions $) |
-589 |
Cash Flow (TTM) (Millions $) |
-20 |
Capital Exp. (TTM) (Millions $) |
890 |
Scana Corp
Scana Corporation, also known as SCANA, is an American energy company primarily based in South Carolina. It was founded in 1924 and initially operated as a natural gas provider. However, it has since grown into a large corporation that specializes in creating and delivering energy services across the United States, including electricity and natural gas.
SCANA's current operating structure consists of three main business segments: Electric Operations, Gas Operations, and Other. The Electric Operations segment provides electricity to customers in South Carolina through subsidiary companies, South Carolina Electric & Gas Company (SCE&G) and South Carolina Generation and Transmission (SCG&T). This segment also owns and operates power-generating facilities such as nuclear or gas-fired power plants.
The Gas Operations segment serves more than6 million natural gas customers in South Carolina and North Carolina, producing and transporting natural gas through pipelines and storage facilities. The Other segment includes non-regulated businesses such as energy marketing and trading, fiber optic telecommunications, and propane sales.
SCANA is listed on the New York Stock Exchange and has a diverse customer base that includes industrial, commercial, and residential customers. For the past several years, SCANA has been ranked among the top 10 energy providers in the United States in terms of customer service, pricing, and reliability.
One of the biggest milestones in SCANA's history is its partnership with Santee Cooper, a state-owned electric company that serves South Carolina. In 1984, the two companies formed South Carolina Public Service Authority (SCPSA), which provided joint services for electricity generation and transmission. However, in 2017, SCANA and Santee Cooper's proposed V.C. Summer nuclear plant expansion project came to an abrupt halt, leading to a massive financial scandal that caused SCANA's stock price to plummet and ended with the company being acquired by Dominion Energy in 2019.
SCANA has a strong commitment to environmental sustainability and operates several renewable energy programs, including solar energy projects and energy-efficiency initiatives. Additionally, the company is actively involved in local communities, supporting various charitable initiatives and educational projects.
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Customers recorded net loss |
Customers recorded net loss |
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Stock Performances by Major Competitors |
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Genie Energy Ltd
Genie Energy Ltd, a leading energy company, has experienced a significant drop in its share prices over the past three months. During March 2024 alone, GNE shares fell by 3.1%, and overall, they have dropped by 20.13% in the past quarter. Despite these declines, Genie Energy Ltd shares are currently trading on the NYSE at 7.5% above its 52-week average. One of the main factors contributing to the drop in share prices is the company's performance during the fourth quarter of 2023 earnings season. Genie Energy Ltd reported a shortfall of $-0.97 per share, a significant decrease compared to $0.58 per share a year ago. Furthermore, EPS fell from $0.53 per share from the prior quarter. However, it is important to note that the company's revenue grew strongly by 72.853% to $104.92 million from $60.70 million in the similar quarter a year ago. It is worth mentioning that while Genie Energy Ltd's top-line rose faster than most of its industry peers in the Electric Utilities sector, there was a significant decrease in revenue sequentially, falling by -16.097% from $125.05 million. Additionally, Genie Energy Ltd reported a net shortfall of $-23.651 million for the fourth quarter of 2023, as opposed to net earnings of $16.851 million in the similar quarter a year before.
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Altus Power Inc
Altus Power Inc, the largest commercial scale provider of clean, electric power, recently announced its financial results for the fourth quarter and full year 2023. Despite a surge in revenue of 27.754% to $34.19 million in the October to December 31 fiscal time-frame, the company slipped into a deficit of $-0.17 per share. AMPSs' top-line growth in the fourth quarter of 2023 compares favorably to its Electric Utilities industry peers, who only achieved a 0.62% revenue improvement during the same period. Sequentially, earnings per share fell from $0.03 per share, and revenue declined by -24.151% from $45.08 million. However, Altus Power Inc is pairing its high momentum with improving consumer costs and its current expertise. During the October to December 31 fiscal time-frame, Altus Power Inc recorded a net deficit of $-39.964 million, compared to earnings of $67.086 million in the same quarter a year prior. While the accounts receivable have declined to $17.1 million from the previous quarter, they remain higher than during the same period last year. For the financial twelve months of 2023, Altus Power Inc reports a net loss of $-25.97 million and revenue of $155.16 million. The company's EPS dropped from $0.35 in the preceding financial year to $-0.06 in proportion. However, revenue surged by 53.38% from $101.16 million a year ago. Looking ahead, Altus Power Inc is expected to report its next financial earnings on March 29, 2024. Despite the financial results, Lars Norell, co-CEO of Altus Power, remains optimistic about the company's performance, stating that 2023 was another record-breaking year for Altus, with revenue, adjusted EBITDA, customer additions, and asset growth reaching new highs.
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Brookfield Renewable Corporation
Brookfield Renewable Corporation, a global leader in renewable energy, has recently announced the renewal of its normal course issuer bids, demonstrating its commitment to increasing shareholder value and showcasing confidence in the future growth potential of the renewable energy sector. However, despite these positive actions, the company's recent financial results raise concerns about its performance and potential challenges ahead. Share Price Performance: Over the past three months, Brookfield Renewable Corporation's stock has experienced a significant decline of -8.78%. Similarly, over the past 30 days, the stock has decreased by -6.53%. Furthermore, the stock is currently trading just 11.1% above its 52-week low. These figures indicate a downward trend in investor confidence, potentially driven by the company's recent financial performance.
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Hawaiian Electric Industries Inc
The financial results of Hawaiian Electric Industries Inc for the year 2023, as well as the first quarter of 2024, paint a mixed picture. While the company saw some declines in income and revenue, it also experienced growth in sequential earnings per share (EPS). Understanding the repercussions of these financial outcomes is crucial to gain insights into how Hawaiian Electric Industries Inc may perform in the future. Revenue and Income: Hawaiian Electric Industries Inc faced a decrease in revenue by -6.157% to $956.37 million in the closing quarter of December 31, 2023, compared to the previous year. Sequentially, the revenue saw growth of 6.043% from $901.87 million. Similarly, the company's income fell by -15.39% to $0.44 per share, indicating a decline in profitability.
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Ameren Corporation
The financial results reported by Ameren Corporation for the most recent fiscal period paint a mixed picture for the company. While earnings and revenue have seen declines compared to previous periods, there are also positive indicators such as improving profit margins and a significant increase in the quarterly cash dividend. The decrease in earnings and revenue could be attributed to various factors, including a challenging economic environment, seasonal fluctuations in demand, and potentially slowing growth in the industry. However, Ameren Corporation has managed to maintain a relatively strong net margin of 9.83% and operating margin of 16.32%, indicating efficient cost management and profitability.
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Per Share |
Current |
Earnings (TTM) |
-3.69 $ |
Revenues (TTM) |
39.15 $
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Cash Flow (TTM) |
- |
Cash |
2.72 $
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Book Value |
30.17 $
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Dividend (TTM) |
0.99 $ |
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Per Share |
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Earnings (TTM) |
-3.69 $
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Revenues (TTM) |
39.15 $ |
Cash Flow (TTM) |
- |
Cash |
2.72 $
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Book Value |
30.17 $ |
Dividend (TTM) |
0.99 $ |
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Electric Operations |
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Segment |
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of total Revenue |
Gas Distribution |
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Segment |
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of total Revenue |
Retail Gas Marketing |
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Segment |
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of total Revenue |
Energy Marketing |
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Segment |
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of total Revenue |
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Scana's Operating Statistics
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Decrease / Increase
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Residential Electric Sales (millions kwh) |
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Commercial Electric Sales (millions kwh) |
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Industrial Electric Sales (millions kwh) |
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Other Electric Sales (millions kwh) |
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Wholesale Electric Sales (millions kwh) |
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Total Electric Sales (millions kwh) |
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Electric Customers |
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Residential Gas Sales (millions therms) |
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Commercial Gas Sales (millions therms) |
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Industrial Gas Sales (millions therms) |
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Other Gas Sales (millions therms) |
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Wholesale Gas Sales (millions therms) |
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Transportation Gas Sales (millions therms) |
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Total Gas Sales (millions therms) |
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Gas Customers |
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