-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。ETは第1四半期の1株当たり利益を0.35ドルと発表しました。これは市場予想の0.37ドルに対し、0.02ドルの差で予想を下回りました。主な要因は、事業運営の弱さではなく、金利負担の増加です。利益は予想を下回りましたが、調整後EBITDAは20%増の49億4,000万ドル、分配可能キャッシュフローは17%増の27億ドルとなりました。これは、各事業セグメントにおける堅調な取扱量増加が牽引したものです。同社は、NGLターミナル取扱量（+19%）、NGL輸出量（+19%）、原油輸送量（+8%）など、複数の取扱量で過去最高を記録しました。NGL事業セグメントは11億6,000万ドルのEBITDA（+19%）を計上しました。経営陣は、2026年の調整後EBITDAガイダンスを174億5,000万ドル～178億5,000万ドルから182億ドル～186億ドルに引き上げました。これは、中間値で5億5,000万ドルの増加となります。成長のための設備投資は55億ドルから59億ドルに達すると予想されており、データセンターや発電といった新たな需要要因が今後の成長を支えている。これには、承認済みの6億ドル規模のスプリンガービル支線プロジェクトや、約3億立方フィート/日のガス供給を行う新規発電所の負荷に対応するための契約などが含まれる。
Related Articles
US Markets
ISM Services Survey Shows Growth Deceleration; S&P Data Indicate Return to Expansion
Two surveys released Tuesday painted a mixed picture of the US services sector in April, with Institute for Supply Management data showing a deceleration in growth and an S&P Global (SPGI) report indicating a return to expansion.The ISM's purchasing managers' index fell to 53.6 last month from 54 in March. The consensus was for a 53.7 print in a survey compiled by Bloomberg. A reading above 50 indicates the services sector economy is generally expanding.The business activity index rose to 55.9 in April from 53.9 the month before, while the gauge for new orders decreased to 53.5 from 60.6. The employment measure increased to 48 from 45.2, but remained in contraction territory for a second consecutive month, the ISM survey showed."The services sector continues to expand, but the sharp cooling in new orders alongside still-subdued employment momentum suggests growth may be becoming less durable," TD Economics Senior Economist Vikram Rai said in a note.The price index was unchanged at 70.7, staying at its highest level since October 2022, according to the ISM survey."With prices holding at their highest level since late 2022, today's report reinforces concerns that services sector inflation remains sticky," Rai said. "Combined with resilient activity levels, this supports the case for the (Federal Reserve) to remain patient, particularly as energy, freight, and labor costs continue to feed through to prices."Last week, the Fed kept its benchmark lending rate steady for a third straight meeting, saying the Middle East conflict is fueling uncertainty around the US economic outlook.Separately, S&P Global said Tuesday its services PMI gauge rose to 51 in April from 49.8 the month prior, though growth was "well below" the series average.New business intakes fell for the first time in two years, as the Middle East war and inflation weighed on demand. Employment increased "slightly," while confidence in the outlook improved, according to the data provider."A further increase in input cost inflation reflected not just higher fuel prices but a widening spread of goods and services rising in price, as well as higher wages, which will feed through to consumer price inflation in the coming months," S&P Global Market Intelligence Chief Business Economist Chris Williamson said. "The scale of the price rises will put pressure on the Fed to prevent higher inflation becoming entrenched."On Friday, ISM and S&P surveys showed that the US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict.Price: $423.13, Change: $-1.62, Percent Change: -0.38%
$SPGI
Research
Superior Plus Maintained at Buy at Stifel Canada Ahead of Q1 Results; Price Target Kept at C$9.00
Stifel Canada on Tuesday reiterated its buy rating on the shares of Superior Plus (SPB.TO) and its C$9.00 price target ahead of the company's first-quarter results."SPB reports Q1/26 results AMC May 13th. It has been well-telegraphed that Q1/26 will see a continuation of the operational challenges in propane that will offset an otherwise favorable winter backdrop. Based on heating degree days it was 6% and 2% colder than the five-year average in the U.S. and Canada, respectively. However, we expect propane discussions to take a back-seat to Certarus given the combination of: 1) potential for improving O&G activity this summer, and 2) the recently announced multi-year data center contract (see here). The key focus for the conference call will be the economics of the new data center supply contract (and how SPB will stick-handle the capex), and what the spring/summer drilling outlook is (both activity levels and competitive dynamics/pricing in West Texas). SPB remains a company in transition, but we think the platform holds significant optionality at the current valuation," analyst Daryl Young wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $7.47, Change: $+0.01, Percent Change: +0.13%
$SPB.TO
Sectors
Sector Update: Health Care
Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) increasing 0.2%.The iShares Biotechnology ETF (IBB) was shedding 0.7%.In corporate news, Pfizer's (PFE) Q1 results surpassed analysts' estimates as robust demand across its key brands offset weakening sales of its COVID-19 products. Its shares declined 0.7% Tuesday afternoon.
$PFE