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Engie


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US natural gas stockpiles seen up 6 bcf in week ended Aug 9

POLL-US natural gas stockpiles seen up 6 bcf in week ended Aug 9 Aug 14 (Reuters) - U.S. utilities likely added a much smaller-than-usual 6 billion cubic feet (bcf) of natural gas into storage last week as warmer-than-normal weather boosted cooling demand, a Reuters poll showed on Wednesday. That compared with an injection of 33 bcf during the same week a year ago and a five-year (2019-2023) average increase of 43 bcf for this time of year.
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Top of the Street: Evotec, Engie, Equinor

BUZZ-Top of the Street: Evotec, Engie, Equinor A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank cuts Evotec EVTG.DE to "sell" from "hold" citing the company's profit warning issued on Tuesday, which it says implies consensus downgrades ** UBS upgrades Equinor EQNR.OL to "neutral" from "sell" seeing less risk for the Norwegian energy company as gas prices rebound in Europe INITIATIONS AND REINSTATEMENTS ** Jefferies initiates coverage of Engi
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Jefferies initiates Engie with 'buy' on 'unjustified discount'

BUZZ-Jefferies initiates Engie with 'buy' on 'unjustified discount' ** Jefferies initiates coverage on Engie ENGIE.PA with "buy" and PT of 19 euros, saying the French energy company is a compelling renewables play that trades at an unjustified discount to peers ** The broker says Engie's discount has scope to unwind through consensus earnings catch
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Brazil corporate earnings week ahead

DIARY-Brazil corporate earnings week ahead Aug 2 (Reuters) - Diary of Brazil (.BVSP) corporate earnings for the week ahead BRAZIL EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 05-Aug-2024 AMC VAMO3.SA Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA Q2 2024 Vamos Locacao de Caminhoes Maquinas e Equipamentos SA Earnings Release 05-Aug-2024 BMO BBSE3.SA BB Seguridade Participacoes SA Q2 2024 BB Seguridade Participacoes SA Earnings Release 05-Aug-2024 BMO BBDC4.SA Banco Bra
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Engie CEO: we made an offer to buy a UK asset but this was rejected

Engie CEO: we made an offer to buy a UK asset but this was rejected PARIS, Aug 2 (Reuters) - Engie ENGIE.PA CEO Catherine MacGregor said on Friday that Engie had submitted an offer to buy a UK asset but that the French company's offer was ultimately not retained. MacGregor declined to name the UK asset for which it had made an offer. Reuters had reported earlier that Engie had joined forces with Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) to try to buy B
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Engie up after it raises FY profit target, confirms dividend

BUZZ-Engie up after it raises FY profit target, confirms dividend Updates shares, adds analyst comment ** Shares in Engie ENGIE.PA rise around 3% after the French energy company lifted its profit guidance following H1 results that beat expectations ** It ups FY annual net recurring income group share forecast, to a range of 5.0-5.6 bln euros ($5.40
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Engie seen up after raising FY profit target

BUZZ-Engie seen up after raising FY profit target ** Shares in Engie ENGIE.PA are seen up 1.5%-2% after the French energy company lifted its profit guidance following H1 results which beat expectations ** It ups FY annual net recurring income group share forecast, to a range of 5.0-5.6 bln euros ($5.40 bln-6.05 bln), from 4.2-4.8 bln previously **
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France's Engie surprises with higher guidance

UPDATE 3-France's Engie surprises with higher guidance Recasts, adds CEO comments on acquisitions, paragraphs 13-16 By Dominique Patton PARIS, Aug 2(Reuters) - Engie ENGIE.PA cheered investors on Friday with a raised outlook buoyed by its flexible power services and despite a first-half fall in profit as gas prices came off year-ago highs. The French utility said it now expects a net recurring income on a group share basis this year of 5 billion euros to 5.6 billion euros ($5.41 billion to $6.06
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Engie Ups FY Outlook, Sees EBIT Ex Nuclear Of EUR 8.2-9.2 Bln

RPT-BRIEF-Engie Ups FY Outlook, Sees EBIT Ex Nuclear Of EUR 8.2-9.2 Bln . Aug 2 (Reuters) - Engie SA ENGIE.PA : H1 REVENUE EUR 37.5 BILLION H1 EBITDA (EXCLUDING NUCLEAR) EUR 7.8 BILLION H1 NET RECURRING INCOME GROUP SHARE EUR 3.8 BILLION UPS FY OUTLOOK: NET RECURRING INCOME GROUP SHARE SEEN BETWEEN EUR 5.0-5.6 BILLION (PREV: EUR 4.2-4.8 BILLION) UP
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France's Engie says profits fall 16% in first half

France's Engie says profits fall 16% in first half PARIS, Aug 2(Reuters) - French power company Engie ENGIE.PA said on Friday its first-half earnings fell 16% as a warmer winter reduced demand for gas to heat Europe's homes, yet the firm lifted its guidance for the full year. The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest and tax (EBIT), excluding nuclear, totalled 5.6 billion euros ($6.05 billion), down 16.
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Belgian nuclear power reactor outages

TABLE-Belgian nuclear power reactor outages Adds TIHANGE 3 outage under reactors to go out of service Aug 1 (Reuters) - Belgium has seven nuclear power reactors with a combined capacity of almost 6 gigawatts, which are operated by Electrabel, part of France's Engie (formerly known as GDF Suez). Nuclear power plants regularly stop production for maintenance or to refuel.
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France's Bouygues tops profit forecast on strong energy, construction biz

UPDATE 3-France's Bouygues tops profit forecast on strong energy, construction biz Adds details on orders in paragraphs 3-4, CFO comment in paragraph 8, telecom unit results in paragraphs 9-10 By Michal Aleksandrowicz July 26 (Reuters) - French construction-to-telecoms group Bouygues BOUY.PA posted half-year core earnings above expectations on Friday, as strong performances in its energy arm Equans and its construction unit helped offset a sharp decline in the real estate business.
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France's Bouygues beats half-year core profit expectations

France's Bouygues beats half-year core profit expectations July 26 (Reuters) - French construction-to-telecoms group Bouygues BOUY.PA posted first-half core earnings above expectations on Friday, driven by its energy arm Equans and construction unit that offset a sharp decline in its real estate business. Half-year current operating profit from activities (COPA) rose to 747 million euros ($811 million), beating analysts' forecast of 721 million euros in a consensus compiled by the company.
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US natural gas stockpiles seen up 16 bcf in week ended July 19

POLL-US natural gas stockpiles seen up 16 bcf in week ended July 19 July 24 (Reuters) - U.S. utilities likely added a smaller-than-usual 16 billion cubic feet (bcf) of natural gas into storage last week as power generators burned more gas to keep air conditioners humming during a brutal heatwave, a Reuters poll showed on Wednesday. That compared with an injection of 23 bcf during the same week a year ago and a five-year (2019-2023) average increase of 31 bcf for this time of year.
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Maintenance extended again at French LNG terminal, delaying send-out

Maintenance extended again at French LNG terminal, delaying send-out PARIS, July 24 (Reuters) - Maintenance work at the liquefied natural gas (LNG) terminal at Montoir in western France has been extended by a week to Aug. 12 due to safety reasons, operator Elengy said in an online bulletin. It is another delay to work at the terminal which was init
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Brazil's TAG, Eneva to connect LNG pipeline to private terminal in October

Brazil's TAG, Eneva to connect LNG pipeline to private terminal in October By Marta Nogueira ARACAJU, Brazil, July 24 (Reuters) - Brazilian energy firm TAG plans to start operations of a new pipeline section in October that will connect the country's largest pipeline network to Eneva's ENEV3.SA liquefied natural gas (LNG) storage terminal in Sergipe state.
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Chilean miner Codelco obtains $532 mln in climate financing

UPDATE 1-Chilean miner Codelco obtains $532 mln in climate financing Adds details SANTIAGO, July 23 (Reuters) - Chilean state miner Codelco COBRE.UL , one of the world's largest copper producers, said on Tuesday it has obtained $532 million in climate financing authorized by french bank Credit Agricole CIB. The funds will be used to finance its decarbonization plan, i t said, under which it aims to decarbonize 100% of its energy matrix by 2030. Codelco launched the plan in 2018 when it signed a
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Engie's Belgian nuclear reactors targeted by EU state aid probe

UPDATE 1-Engie's Belgian nuclear reactors targeted by EU state aid probe Updates throughout with details of investigation By Foo Yun Chee BRUSSELS, July 22 (Reuters) - A Belgian plan to grant state aid to a unit of French energy company Engie ENGIE.PA to help it extend the life of two nuclear reactors triggered an EU competition investigation on Monday over concerns it could breach the bloc's rules.
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EU regulators doubt whether aid for Engie's Belgian nuclear reactors comply with rules

EU regulators doubt whether aid for Engie's Belgian nuclear reactors comply with rules BRUSSELS, July 22 (Reuters) - EU competition regulators on Monday opened an in-depth investigation into Belgium's plan to grant state aid to French energy company Engie's ENGIE.PA Belgian unit to extend two nuclear reactors. Belgium and Engie clinched a deal in December last year for the lifetime extension of the nuclear reactors Doel 4 and Tihange 3 aimed at preserving the security of electricity supply in Be
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Belgian nuclear power reactor outages

TABLE-Belgian nuclear power reactor outages Removes dated outages July 12 (Reuters) - Belgium has seven nuclear power reactors with a combined capacity of almost 6 gigawatts, which are operated by Electrabel, part of France's Engie (formerly known as GDF Suez). Nuclear power plants regularly stop production for maintenance or to refuel. They cut capacity gradually and it can take a few hours until output reaches zero.
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