Agreements and Financial Results of Electric Utilities - Research Report on Exelon, NRG, CenterPoint, OGE Energy, and PGE

Editor Note: For more information about this release, please scroll to bottom.

News provided by

Aug 21, 2013, 08:00 ET

NEW YORK, August 21, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Exelon Corporation (NYSE: EXC), NRG Energy, Inc. (NYSE: NRG), CenterPoint Energy, Inc. (NYSE: CNP), OGE Energy Corp. (NYSE: OGE), and Portland General Electric Company (NYSE: POR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Exelon Corporation Research Report

On August 9, 2013, Exelon Corporation (Exelon) announced that it has signed an agreement with the US Army on August 8, 2013, to join the Army Partnership for Youth Success (PaYS) program. The Company stated that under the PaYS program, the US Army forms strategic partnerships with US corporations, including Exelon, and public sector agencies to help the Army attract talented young recruits who want to serve their country and to help ensure their future career success when their service is complete. According to the Company, the PaYS partnership is the latest addition to Exelon's strategy to recruit, hire, and develop military veterans and in the first seven months of 2013 the Company has hired approximately 170 veterans. The Full Research Report on Exelon Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b6fb_EXC]

NRG Energy, Inc. Research Report

On August 9, 2013, NRG Energy, Inc. (NRG) reported Q2 2013 financial results with total operating revenues of $2.9 billion, up 31.8% YoY. Q2 2013 net income available to NRG common stockholders in Q2 2013 was $127 million, or $0.39 per diluted common share, compared with $248 million, or $1.08 per diluted common share, in Q2 2012. Adjusted EBITDA stood at $594 million compared to $555 million in Q2 2012. David Crane, President and CEO of NRG, said, "While our current results have been impacted by a continuation of extraordinarily mild weather into the critical summer air conditioning season, particularly in Texas, we remain intensely focused across our Company on achieving the best possible results for 2013 under the circumstances while positioning the Company to realize the full financial potential of the GenOn combination in 2014." NRG expects adjusted EBITDA for full year 2013 to be within $2.6 billion to $2.7 billion, and for full year 2014 to be in the range of $2.9 billion to 3.1 billion. The Full Research Report on NRG Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9e8a_NRG]

CenterPoint Energy, Inc. Research Report

On August 1, 2013, CenterPoint Energy, Inc. (CenterPoint) reported Q2 2013 financial results with revenue up by 24.2% YoY to $1.9 billion. The Company reported a net loss of $100 million, or $0.23 per diluted share, compared with net income of $126 million, or $0.29 per diluted share, in Q2 2012. David M. McClanahan, President and CEO of CenterPoint, said, "The most significant accomplishment this quarter was the closing of our midstream partnership with OGE Energy, Enable Midstream Partners. Our financial results for the quarter include a number of one-time charges associated with its formation. Our other businesses continue to show the benefits of our balanced portfolio with our gas distribution, utilities reporting a strong quarter largely offsetting the impact of milder weather on our electric utility." CenterPoint expects full year 2013 diluted EPS to be in the range of $1.17 to $1.25. The Full Research Report on CenterPoint Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c9af_CNP]

OGE Energy Corp. Research Report

On August 8, 2013, OGE Energy Corp. (OGE Energy) reported Q2 2013 financial results with total operating revenues of $734.2 million, down 14.1% YoY. Net income attributable to OGE Energy was $91.7 million, or $0.46 per diluted common share, compared with $93.9 million, or $0.47 per diluted common share, in Q2 2012. The Company informed that the results include the impact of 2-for-1 stock split which became effective July 1, 2013. Pete Delaney, Chairman, President, and CEO of OGE Energy said, "The second quarter saw OGE achieve a number of significant milestones. We closed on the midstream partnership with CenterPoint Energy, announced a strong operations leadership team, revealed Enable Midstream Partners as the name, and closed on the credit facility for the partnership." OGE Energy expects full year 2013 average diluted EPS to be within $1.68 to $1.80 (adjusted for the stock split). The Full Research Report on OGE Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2f74_OGE]

Portland General Electric Company Research Report

On August 2, 2013, Portland General Electric Company (PGE) reported Q2 2013 financial results with net revenue down 2.4% YoY to $403 million. Net loss stood at $22 million, or $0.29 per diluted share, compared with net income of $26 million, or $0.34 per diluted share, in Q2 2012. According to the Company, the results were impacted by the suspension of the Cascade Crossing Transmission Project as well as increased operating and maintenance expense related to PGE's generation plants and distribution system. Jim Piro, President and CEO of PGE, said, "We are moving forward on our three new generation projects, have reached substantial settlement on our 2014 General Rate Case and have successfully completed debt and equity financings, positioning the Company for strong operations and growth over the next few years." PGE has also reduced its earnings guidance and now expects full-year 2013 diluted EPS to be within $1.25 to $1.40. The Full Research Report on Portland General Electric Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f779_POR]

EDITOR NOTES:

This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

www.AnalystsCorner.com

SOURCE Analysts' Corner