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Tuesday's Energy Stocks: Q1 results lift Entergy, Alliance Resource Partners


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Tuesday's Energy Stocks: Q1 results lift Entergy, Alliance Resource Partners

Asinvestors weigh quarterly earnings reports, the SNL Energy Index rose 0.50% to263.98 Tuesday, April 26. At the broader markets, the Dow Jones IndustrialAverage rose 0.07% to 17,990.32 and the S&P 500 gained 0.19% to 2,091.70.

gained 0.43% onbrisk volume to end at $74.61 after reportingfirst-quarter 2016 operational earnings of $242.8 million, or $1.35 per share.The result beat the S&P Global Market Intelligence normalized EPS consensusestimate for the quarter of $1.22.

"Given the challenges and opportunities ahead, we areconfident that we can deliver on our 2016 earnings commitments as well as ouradjusted utility, parent & other long-term outlook," Entergy Chairmanand CEO Leo Denault said in a statement.

rose 2.20% inheavy trading to finish at $39.04 after increasing its 2016 earnings guidance. The guidancerevision follows the release of the company's first-quarter results, which beatthe S&P Global Market Intelligence consensus estimate for adjusted netincome by seven cents.

Avangrid's earnings rose about 13% in the first quarter, helpedby increased power productionat its wind farms and revenue decoupling that blunted the effects of a warmwinter for most of its utilities.

shed 0.23% inthin volume to end at $86.07 after its first-quarter operating EPS consensus estimate by threecents. Guggenheim Securities LLC analysts maintained its "buy" ratingand $97 price target on DTE stock, saying "current valuation levelscontinue to prompt a good entry point." Guggenheim also revised its 2016EPS estimate for DTE to $5.03 from $4.96.

S&PCapital IQ upgradedDTE shares to "hold" from "sell" and increased the 12-monthtarget price to $84 from $81, based on its positive view of the company shares.

Inweak trading, TerraForm PowerInc. lifted 4.08% to $10.97 and TerraForm Global Inc. advanced 3.33% to $3.10 afterconfirming PeterBlackmore as their interim CEO. The move follows the resignation of BrianWuebbels as president and CEO at the SunEdisonInc. yieldcos toward the end of March.

was unchanged at$38.80 after earning an upgradeto "sector perform" from RBC Capital Markets LLC. The company was previouslyrated "underperform" at the brokerage.

dropped 0.10% to$101.20 in light trading after its subsidiary agreed to sell to in a deal valued at$344 million. Laclede Group shares fell 0.72% in strong volume tofinish at $64.39.

"[For]our shareholders, it adds to earnings and cash flow, including being neutral tonet economic earning per share in fiscal 2017 and accretive in fiscal 2018, allof which aligns with our long-term annual net economic earnings per sharegrowth target of 4% to 6%," Laclede's CEO Suzanne Sitherwood analysts during aconference call on April 26.

closed down 0.14%to $49.20 in light trading ahead of the April 27 release of its first-quarterresults. The S&P normalized EPS consensus estimate for the quarter is 53cents.

Inthe midstream sector, AmericanMidstream Partners LP climbed 21.39% in strong volume to end at$11.01. The company after-hours on April 25 announced the of interests in strategicGulf of Mexico midstream infrastructure for about $225 million.

lifted 1.90% inbelow-average trading to $35.91 after increasingits quarterly distribution by 2% from the 2015 fourth quarter and 26.7% fromthe year-ago period.

TheSNL Midstream Energy Index rose 0.76% to 107.01.

advanced8.09% in active trading to close at $14.16. The company's adjusted net loss pershare came in at 7 cents, compared to S&P Global Market Intelligenceconsensus normalized earnings estimate of a 9 cents per share loss.

"Throughcontinuing to reduce unit costs, benefiting from capital efficiencyimprovements, and selectively monetizing assets, CONSOL generated $449 millionof free cash flow, which includes $35 million of organic free cash flow fromcontinuing operations when excluding the recent sale of the Buchanan mine. Ourfree cash flow plan has further strengthened our liquidity position and balancesheet, while positioning us for future success."

Thecompany's coal spinoff CNX CoalResources LP saw its shares rise 1.63% in above-average volume tofinish at $9.32.

Inother coal stocks, AllianceResource Partners LP climbed 3.27% in strong trading to end at$15.18 after its first-quarter net income fell short of the S&P Global Market Intelligenceconsensus normalized earnings estimate of 52 cents per unit. The companyreported a net income of $47.3 million, or 36 cents per unit.

"AlthoughARLP's performance continues to lead the industry and our balance sheet remainsstrong, we are unfortunately being impacted by the contagion caused by thefinancial struggles facing many of our competitors. In the current capitalmarket environment, it has become clear that we must be proactive in preservingliquidity in order to maintain access to capital," said Alliance Presidentand CEO Joseph Craft III.

TheSNL Coal Index gained 5.34% to end at 49.24.

Market prices and indexvalues are current as of the time of publication and are subject to change.