Strong Operating Results, Management Changes, Quarterly Dividends, and Affirmed Guidance - Research Report on ONEOK, Sempra, TransCanada, MDU Resources, and UGI

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Aug 02, 2013, 08:00 ET

NEW YORK, August 2, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting ONEOK, Inc. (NYSE: OKE), Sempra Energy (NYSE: SRE), TransCanada Corporation (NYSE: TRP), MDU Resources Group, Inc. (NYSE: MDU), and UGI Corporation (NYSE: UGI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

ONEOK, Inc. Research Report

On July 30, 2013, ONEOK, Inc. (ONEOK) reported Q2 2013 financial results with revenues up 32.4% YoY to approximately $3.3 billion. Net income was $0.9 million, or $0.00 per diluted share, compared with $61 million, or $0.29 per diluted share in Q2 2012. According to ONEOK, Q2 2013 net income includes non-cash, after-tax charge of $71 million in the energy services segment. John W. Gibson, Chairman and CEO of ONEOK, said, "ONEOK's second-quarter financial results were solid despite our announced plans to wind down our energy services segment due to ongoing, challenging industry conditions that show no signs of improving." For 2013, the Company affirmed its net income guidance of $235 million to $285 million. ONEOK also affirmed its three-year net income guidance to increase by an average of 15% to 20% annually, comparing 2012 results with 2015. The Full Research Report on ONEOK, 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/e1ee_OKE]

Sempra Energy Research Report

On July 26, 2013, Sempra Energy (Sempra) announced that Martha B. Wyrsch has been appointed to the position of Executive Vice President and General Counsel, with effect from September 3, 2013. According to Sempra, Wyrsch will be responsible for overseeing the Company's legal affairs and compliance, and will also serve as Sempra's Chief Environmental Officer. She will report to Debra L. Reed, the Company's Chairman and CEO. Wyrsch succeeds Javade Chaudhri, who previously announced his retirement from the Company. The Company informed that prior to joining Sempra Wyrsch served as the President of Vestas American Wind Systems from 2009 to 2012. The Full Research Report on Sempra Energy - 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/0b2b_SRE]

TransCanada Corporation Research Report

On July 26, 2013, TransCanada Corporation announced that its Board of Directors has declared a quarterly dividend of $0.46 per common share for Q3 2013, on the Company's outstanding common shares. According to the Company, the dividend is payable on October 31, 2013, to shareholders of record at the close of business on September 30, 2013. The Full Research Report on TransCanada 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/4acc_TRP]

MDU Resources Group, Inc. Research Report

On July 24, 2013, MDU Resources Group, Inc. (MDU Resources) announced that Mark A. Hellerstein and William E. McCracken have been elected to the Company's Board of Directors, with effect from August 1, 2013. According to MDU Resources, in addition to their general Board responsibilities, Hellerstein will also serve on the Board's Audit Committee and McCracken will serve on the Nominating and Governance Committee. Harry J. Pearce, Chairman of MDU Resources, said, "Mark and Bill bring a tremendous depth of senior leadership experience, both in the executive and the boardroom, as well as expertise in key areas that can help guide MDU Resources' continued growth. Mark has extensive experience in oil and natural gas development, which is one of our growth centers, as well as outstanding experience as a chief financial officer. Bill's technology experience will be invaluable in today's business environment, and he also is a leader on corporate governance issues." The Full Research Report on MDU Resources Group, 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/4506_MDU]

UGI Corporation Research Report

On July 30, 2013, UGI Corporation (UGI) reported financial results for Q3 FY 2013 (period ended June 30, 2013). Revenues stood at $1.4 billion, up 7.4% YoY. Net income attributable to the Company in Q3 FY 2013 was $14.7 million, or $0.13 per diluted share, compared to a net loss of $6.3 million, or $0.06 per diluted share, in Q3 FY 2012. John Walsh, President and CEO of UGI, said, "I am pleased to report strong third quarter results, which represent a marked improvement over last year's third quarter. The improved performance illustrates the strength and diversified earnings power of UGI. At AmeriGas, the benefits of the Heritage Propane acquisition and strong growth in our AmeriGas Cylinder Exchange and National Accounts programs helped drive performance. UGI International also saw substantially improved results due to colder weather and falling LPG prices." He continued, "Based upon our results to date and our assessment of business conditions for the remainder of fiscal 2013, we continue to expect earnings per diluted share for 2013 within our previously-stated guidance of $2.40 to $2.50." The Full Research Report on UGI 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/6089_UGI]

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