US ratings profits
April 26 (LNGJ) - S&P Global, the US ratings agency and provider of commodity market reports and energy prices such as the Japan-Korea Marker (JKM) price for Asian spot LNG cargoes and other oil and gas pricing and stock indices, reported increased first-quarter 2024 profits and revenues. The New York-based company reported first-quarter revenue of $3.49Bln compared with $3.16Bln in the 2023 quarter, an increase of over 10 percent.
First-quarter net income increased 25 percent to $991M and diluted earnings per share rose 28 percent to $3.16 as higher net income was driven by strong growth in Ratings and Indices, and lower merger-related costs. “We are confident that our leadership in data, analytics, research, and benchmarks to power global markets will continue to serve customers and shareholders alike,” said Douglas Peterson, President and Chief Executive.
US ratings and LNG and oil pricing firm S&P Global posts profits surge but Market Intelligence unit flops
S&P Global, the US ratings agency and provider of commodity market reports and energy prices such as the Japan-Korea Marker (JKM) price for Asian spot LNG cargoes and other oil and gas pricing and stock indices, reported increased fourth-quarter and annual profits, though the firm’s Market Intelligence unit flopped as operating profits dropped.
CERAWeek in Houston enters day four after hearing of plans for LNG output in Bahrain and Argentina
The CERAWeek energy event in Houston is entering day four with an executive conference program on March 9 covering issues such as “Balancing Economic Growth and Reducing Emissions in Emerging Asia” and a discussion on the Latin American power industry after delegates heard on day three of half a dozen new projects including LNG production in Bahrain and Argentina.
Leading oil and gas and LNG executives gather for start of CERAWeek conference in Houston
One of the world’s leading annual energy conferences, CERAWeek, was scheduled to begin in Houston on March 6 and will continue through March 10 with thousands of industry executives and politicians attending to consider the current turbulent global market.
Asian spot LNG prices near record highs
Asian spot LNG prices have risen to near record levels last week, as Asian buyers sought to secure supply ahead of winter, narrowing the price spread with Europe where Russian gas flows remain curtailed.
