Equity Research on Clean Energy Fuels Corp. and EQT Corp. -- Gas Utilities Still Struggling
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/12/12 -- The gas utilities industry, which includes companies such as Clean Energy Fuels Corp. and EQT Corporation, has been facing a number of challenges recently. Average wellhead sales prices have remained subdued, and the pace of businesses and individuals converting to natural gas has been slower than some expected. As a result of this and other factors, several companies in the industry have been reporting mixed quarterly results. Get your free reports on and at . There is no commitment to join.
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EQT had a challenging 3rd quarter, as higher operating expenses and lower average wellhead sales prices ate into earnings. The company's adjusted earnings per share fell by more than 46% when compared to the same period last year, though it did manage to grow its sales volumes. report is accessible for free by registering today at
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Elsewhere in the industry, companies involved in providing natural gas as fuel for vehicles, have been facing their own set of hurdles. Competition in the area is heating up, as more natural gas powered vehicles make their way onto U.S. roads. Clean Energy recently reported an improved 3rd quarter, though the company still has a long way to come. Clean Energy saw gallons delivered rise by 24% in the 3rd quarter in year-over-year comparisons, and also posted increased revenue. The company logged a GAAP net loss for the quarter, though it was less than the loss incurred in the 3rd quarter of last year. report is accessible for free by registering today at
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Datum: 12.11.2012 - 07:05 Uhr
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