Equity Research on Clean Energy Fuels Corp. and EQT Corp. -- Gas Utilities Still Struggling
November 12 2012 - 8:05AM
Marketwired
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
Clean Energy Fuels Corp. and
EQT Corporation at
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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. EQT Corporation report is
accessible for free by registering today at
http://www.ShinesRooms.com/EQTCorporation121112.pdf
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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. Clean Energy Fuels
Corp. report is accessible for free by registering today
at
http://www.ShinesRooms.com/CleanEnergyFuelsCorp121112.pdf
The two Gas Utilities stocks research
reports are available for free by signing up now on the link
below.
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