S&P Global Archives - ÂÒÂ׶ÌÊÓƵ Know More. Risk Better.® Mon, 31 Jul 2023 20:41:16 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png S&P Global Archives - ÂÒÂ׶ÌÊÓƵ 32 32 Travelers, Allstate shares trade up, even with large Q2 2023 catastrophe losses https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/travelers-allstate-shares-trade-up-even-with-large-q2-2023-catastrophe-losses-76611505#new_tab Mon, 31 Jul 2023 19:52:19 +0000 /?p=13623 The Travelers Cos. Inc. and The Allstate Corp. shares finished the week ending July 21 in the green, even as both companies disclosed massive catastrophe losses for the second quarter.

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]]> The Travelers Cos. Inc. and The Allstate Corp. shares finished the week ending July 21 in the green, even as both companies disclosed massive catastrophe losses for the second quarter.

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]]> Even with clean balance sheets, oil and gas drillers exposed to rate increases https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/even-with-clean-balance-sheets-oil-and-gas-drillers-exposed-to-rate-increases-76036383#new_tab Mon, 31 Jul 2023 19:32:04 +0000 /?p=13617 U.S. oil and gas producers have overhauled their spending habits in the past three years, with a focus on repaying debt rather than accruing it. Their effots have insulated them...

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]]> U.S. oil and gas producers have overhauled their spending habits in the past three years, with a focus on repaying debt rather than accruing it. Their effots have insulated them from a liquidity crunch cused by rising interest rates, but they are not immune to the secondary effects of a slowing economy.

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]]> $18.8B Magellan-Oneok deal may be in trouble because of tax issue https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/18-8b-magellan-oneok-deal-may-be-in-trouble-because-of-tax-issue-76124739#:~:text=9%20Jun%2C%202023-,%2418.8B%20Magellan%2DOneok%20deal%20may%20be,trouble%20because%20of%20tax%20issue&text=The%20fourth%2Dlargest%20investor%20in,with%20gas%20company%20Oneok%20Inc.#new_tab Mon, 31 Jul 2023 19:28:23 +0000 /?p=13615 The fourth-largest investor in oil pipeline operator Magellan Midstream Partners LP plans to vote against a merger with gas company Oneok Inc. in an $18.8 billion stock and cash deal,...

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]]> The fourth-largest investor in oil pipeline operator Magellan Midstream Partners LP plans to vote against a merger with gas company Oneok Inc. in an $18.8 billion stock and cash deal, mostly because the premium would not make up for taxes on long-time Magellan holders.

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]]> Rising interest rates do not stop U.S. utility infrastructure, renewables spending https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rising-interest-rates-do-not-stop-us-utility-infrastructure-renewables-spending-75994402#:~:text=ÂÒÂ׶ÌÊÓƵ%20analyst%20Andrew%20DeVries%20agreed,told%20S%26P%20Global%20Commodity%20Insights.#new_tab Mon, 31 Jul 2023 19:25:17 +0000 /?p=13613 Spending on utility infrastructure and renewable energy projects in the U.S. and Canada is expected to continue full speed ahead despire any challenges posed by higher interest rates.

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]]> Spending on utility infrastructure and renewable energy projects in the U.S. and Canada is expected to continue full speed ahead despire any challenges posed by higher interest rates.

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]]> Elliott’s campaign to boost NRG stock price could prove hard sell to investors https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/cpil-2710225-article_news_title-textbox-elliott-s-campaign-to-boost-nrg-stock-price-could-prove-hard-sell-to-invest-75784575#new_tab Mon, 31 Jul 2023 19:20:56 +0000 /?p=13611 Elliott Management Corp.’s campaign to steer NRG Energy Inc. toward board changes, cost cuts and a potential spinoff of Vivint Smart Home Inc. may not be the best plan to...

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]]> Elliott Management Corp.’s campaign to steer NRG Energy Inc. toward board changes, cost cuts and a potential spinoff of Vivint Smart Home Inc. may not be the best plan to attract long-term investors, industry analysts said.

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]]> NRG stock falls 4% as analysts question $1.75B South Texas nuclear plant sale https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/nrg-stock-falls-4-as-analysts-question-1-75b-south-texas-nuclear-plant-sale-76021901#new_tab Mon, 31 Jul 2023 18:17:36 +0000 /?p=13586 NRG Energy Inc.’s deal announced June 1 to sell its 44% stake in the 2,645-MW South Texas Project nuclear plant to Constellation Energy Corp. for $1.75 billion should concern both...

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]]> NRG Energy Inc.’s deal announced June 1 to sell its 44% stake in the 2,645-MW South Texas Project nuclear plant to Constellation Energy Corp. for $1.75 billion should concern both shareholders and bondholders, some industry analysts said.

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]]> NiSource touts premium valuation in sale of Ind. utility stake to Blackstone https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/nisource-touts-premium-valuation-in-sale-of-ind-utility-stake-to-blackstone-76243288#:~:text=utility%20stake%20to%20Blackstone,-Share&text=NiSource%20Inc.%20will%20receive%20a,Northern%20Indiana%20Public%20Service%20Co.#new_tab Mon, 31 Jul 2023 17:54:40 +0000 /?p=13575 NiSource Inc. will receive a “meaningful premium” compared to alternative sources of financing by raising $2.40 billion in equity through the sale of a minority interest in its Northern Indiana...

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]]> NiSource Inc. will receive a “meaningful premium” compared to alternative sources of financing by raising $2.40 billion in equity through the sale of a minority interest in its Northern Indiana Public Service Co. LLC utility subsidiary, company management said.

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]]> NiSource touts premium valuation in sale of Ind. utility stake to Blackstone https://www.capitaliq.spglobal.com/web/client?auth=inherit#news/article?Id=76243288&KeyProductLinkType=2#new_tab Mon, 19 Jun 2023 14:55:59 +0000 /?p=13323 ÂÒÂ׶ÌÊÓƵ analysts agreed that NiSource’s minority interest sale “compares favorably” to similar vertically integrated utility stake sales and is a “credit-positive deal” with proceeds going toward capex funding and the...

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]]> ÂÒÂ׶ÌÊÓƵ analysts agreed that NiSource’s minority interest sale “compares favorably” to similar vertically integrated utility stake sales and is a “credit-positive deal” with proceeds going toward capex funding and the balance sheet.

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]]> NM supreme court rejects request to return PNM-Avangrid merger to regulators https://www.capitaliq.spglobal.com/web/client?auth=inherit#news/article?id=75764671&KeyProductLinkType=19#new_tab Tue, 16 May 2023 15:06:23 +0000 /?p=12961 Analysts at ÂÒÂ׶ÌÊÓƵ said May 15 that the decision was a “clear setback but not a final blow to a deal going through.” They noted that the “consensus has been...

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]]> Analysts at ÂÒÂ׶ÌÊÓƵ said May 15 that the decision was a “clear setback but not a final blow to a deal going through.” They noted that the “consensus has been that the newly appointed NM commission is more likely to approve the merger.”
“In the near term, we still see enough positives at [Avangrid] as a stand-alone entity (including a strong balance sheet) if the PNM deal falls through,” the ÂÒÂ׶ÌÊÓƵ analysts said. But “this lost regulated earnings boost becomes more of a concern as [Avangrid] continues ramping up its non-utility renewables/offshore wind business.”

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]]> Aflac shares rise as execs quell concerns over commercial mortgage pressure https://www.capitaliq.spglobal.com/web/client?auth=inherit#news/article?id=75417232&KeyProductLinkType=6#new_tab Wed, 03 May 2023 15:01:13 +0000 /?p=12957 There is a lot of potential “good news” for Aflac in the foreseeable future as the insurer is set to launch new products and the COVID-19 situation in Japan is...

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]]> There is a lot of potential “good news” for Aflac in the foreseeable future as the insurer is set to launch new products and the COVID-19 situation in Japan is softening, ÂÒÂ׶ÌÊÓƵ analyst Josh Esterov said in an interview.

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