“Oklahoma’s economy was hitting on all cylinders in April, especially compared to where we were a year ago,” proclaimed Oklahoma Treasurer McDaniel as he announced a 38% jump in gross receipts to the Treasury during the month of April. What drove it? In part, record oil and gas production tax collections along with increases in …
May 6, 2021 archive
CenterPoint Energy—from a loss to a gain in the 1Q
After announcing the sale of its Oklahoma and Arkansas gas operations, CenterPoint Energy, Inc. said its first quarter income available to common shareholders was $334 million or 56 cents a diluted share, a big improvement over a year earlier when the company suffered a loss of $1.2 billion. On a non-GAAP basis, first quarter …
Wind farm operator’s 1Q earnings hurt by Oklahoma winter storm
The severe winter weather that hit Oklahoma in February ended up affecting financial operations of wind-farm operator ALLETE Clean Energy. The Duluth, Minnesota-based company with wind farm operations near Ardmore and Anadarko reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million. Last year’s results were $1.28 per share …
February winter storm boosted Evergy’s 1Q earnings
Kansas utility Evergy, Inc. announced its first quarter 2021 earnings were $192 million or 84 cents a share. The total was nearly three times the $69 million and 31 cents a share for the first quarter a year earlier. The harsh February winter storm was credited for the large jump in earnings. The company …
Intel invests billions to modernize New Mexico plant
Intel Corp. announced this week a $3.5 billion plan to modernize its Rio Rancho plant near Albuquerque, New Mexico where the California-based firm carries out next-generation advanced semiconductor technology research and manufacturing. Three members of New Mexico’s congressional delegation and Gov. Michelle Lujan Grisham were on hand as Intel announced 700 jobs should be added …
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