Pentair (NYSE: PNR)to Provide 2010 Outlook on December 17
MINNEAPOLIS--Pentair, Inc. (NYSE: PNR) will release its outlook for full-year 2010 financial performance immediately following the close of the New York Stock Exchange on Thursday, December 17, 2009. At 4:30 p.m. Eastern Standard Time, senior management will review the outlook and answer questions during an investor briefing.
Related presentation materials will be posted to the "Investors" section of the company's website (www.pentair.com) prior to the conference call, and will be available there until February 2, 2010.
CONFERENCE CALL DETAILSTo participate on the conference call, please dial 800-706-6748 800-706-6748 or 973-638-3449 973-638-3449 prior to 4:30 p.m. EST and provide the operator with conference ID number 45569349. A replay of the conference call will be available for investors from 6:00 p.m. EST on December 17 through midnight on January 15 by dialing 800-642-1687 800-642-1687 or 706-645-9291 706-645-9291. The access code for the replay is 45569349.
ABOUT PENTAIR, INC.Pentair (www.pentair.com) is a diversified operating company headquartered in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Technical Products Group is a leader in the global enclosures and thermal management markets, designing and manufacturing thermal management products and standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. With 2008 revenues of $3.35 billion, Pentair employs approximately 13,100 people worldwide.
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Investors researching global water stocks can now purchase the Water Stocks Directory individually in a PDF format for $24.95. The water stocks directory was previously only available as part of the Investorideas.com premium membership. Investorideas.com has broken down several of the stock directories and made them available to investors that are avid fans of specific sectors.
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated feed at
http://www1.investorideas.com/NewsUploader/Default.aspx.
The Investorideas.com Water Stocks Index - Published at www.investinwhoyouare.com
Index based on 9 water stocks from the global water stocks directory at www.Investorideas.com and www.water-stocks.com.
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Listed Water Companies on TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Showing posts with label Water Stocks # 3. Show all posts
Showing posts with label Water Stocks # 3. Show all posts
Tuesday, December 8, 2009
Friday, October 30, 2009
Water stocks news -Middlesex Water Company Reports Third Quarter 2009 Financial Results
Middlesex Water Company Reports Third Quarter 2009 Financial Results
Tidewater Utilities, Inc.ISELIN, NJ October 30, 2009) - Middlesex Water Company (NASDAQ: MSEX) today reported operating results for the quarter ended September 30, 2009.
Third Quarter Operating Results
Consolidated operating revenues, for the third quarter of 2009, decreased by less than $0.2 million from the same period in 2008. Revenues in the Middlesex system in New Jersey decreased $0.5 million as a result of abnormally lower water consumption across all customer classes. In the third quarter, we experienced a 6.9% decline in water use by our general retail metered customers, which includes commercial and industrial customers. Water consumption patterns for many larger industrial customers were lower than normal as a number of these businesses have reduced output from their individual production processes. A significant factor impacting water consumption was unseasonably cool, wet weather patterns in the mid-Atlantic region which persisted throughout the quarter. In the Tidewater Utilities system in Delaware, water consumption revenues decreased by $0.5 million, largely attributable to the same weather patterns. Revenues improved $0.7 million in that system, a result of interim rates which took effect in March 2009 and customer growth. Revenues from our contract operations business rose $0.2 million, due mostly to higher pass-through charges and scheduled management fee increases. Higher expenses offset higher revenues realized with the pass-through charges.
Middlesex Water Company CEO, Dennis W. Doll, said, "A pattern of below normal water consumption as a result of abnormally cool, wet weather continued in the third quarter in the Northeast. This pattern, coupled with the continued economic challenges of a number of our customers, particularly our commercial and industrial customers who are substantial water users, has characterized 2009 as a year of unprecedented anomalies. It is in unusual times like these that we are reminded of the strong regulatory framework that is in place to help instill confidence in our customers and our investors that not only does service reliability and related quality remain a constant but also, that our regulated utility business model is designed to help mitigate the short-term financial challenges resulting from aberrations such as abnormal weather and a difficult economy. To mitigate rising unit costs in power, fuel and chemicals and other related operating costs, and to recover $39.0 million of investments in infrastructure in the past two years, Middlesex Water filed a request for rate relief with the New Jersey Board of Public Utilities in August for an overall increase of approximately $15.1 million over current revenues. We continue to develop opportunities for profitable growth and to carefully manage our costs as we work through the various challenges and opportunities."
Net income declined from $4.7 million to $4.0 million. Diluted earnings per share decreased to $0.29 for the three months ended September 30, 2009, compared to $0.35 for the same period in 2008.
Operation and maintenance expenses for the three months ended September 30, 2009 increased $0.7 million or 5.7%. Labor costs increased $0.3 million due to increases in wages and resources necessary to meet the growing needs of our Delaware service territory. Despite lower water production due to unfavorable weather patterns and economic conditions, costs for chemicals and residual disposals rose $0.4 million over the same period in 2008. This was attributable to unit cost rate increases and significant rainfall which necessitated more water treatment.
Nine Month Operating Results
Operating revenues for the nine months ended September 30, 2009 decreased $0.4 million or less than 1.0% from the same period in 2008. Operation and maintenance expenses increased $2.8 million or 7.7%. Net income decreased $2.1 million or 19.9%. Diluted earnings per share decreased to $0.60 for the nine months ended September 30, 2009 compared to $0.75 for the same period in 2008.
Board Increases Quarterly Dividend
The Company's Board of Directors approved an increase in the Company's quarterly cash dividend to $0.1800 from $0.1775. The new dividend rate is payable December 1, 2009 to shareholders of record as of November 13, 2009. This dividend increase raises the annual dividend to $0.72 from $0.71 per share of common stock.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware through various subsidiary companies. For additional information regarding Middlesex Water Company including information about the Company's newly amended Dividend Reinvestment and Common Stock Purchase Plan, visit the Company's Web site at www.middlesexwater.com or call (732) 634-1500.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
*financial tables and full release visit www.middlesexwater.com
Research water stocks at Investorideas.com and Water-stocks.com
Water Stocks Directory
Visit our Water Stocks Directory - Listed Water Companies on TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Tidewater Utilities, Inc.ISELIN, NJ October 30, 2009) - Middlesex Water Company (NASDAQ: MSEX) today reported operating results for the quarter ended September 30, 2009.
Third Quarter Operating Results
Consolidated operating revenues, for the third quarter of 2009, decreased by less than $0.2 million from the same period in 2008. Revenues in the Middlesex system in New Jersey decreased $0.5 million as a result of abnormally lower water consumption across all customer classes. In the third quarter, we experienced a 6.9% decline in water use by our general retail metered customers, which includes commercial and industrial customers. Water consumption patterns for many larger industrial customers were lower than normal as a number of these businesses have reduced output from their individual production processes. A significant factor impacting water consumption was unseasonably cool, wet weather patterns in the mid-Atlantic region which persisted throughout the quarter. In the Tidewater Utilities system in Delaware, water consumption revenues decreased by $0.5 million, largely attributable to the same weather patterns. Revenues improved $0.7 million in that system, a result of interim rates which took effect in March 2009 and customer growth. Revenues from our contract operations business rose $0.2 million, due mostly to higher pass-through charges and scheduled management fee increases. Higher expenses offset higher revenues realized with the pass-through charges.
Middlesex Water Company CEO, Dennis W. Doll, said, "A pattern of below normal water consumption as a result of abnormally cool, wet weather continued in the third quarter in the Northeast. This pattern, coupled with the continued economic challenges of a number of our customers, particularly our commercial and industrial customers who are substantial water users, has characterized 2009 as a year of unprecedented anomalies. It is in unusual times like these that we are reminded of the strong regulatory framework that is in place to help instill confidence in our customers and our investors that not only does service reliability and related quality remain a constant but also, that our regulated utility business model is designed to help mitigate the short-term financial challenges resulting from aberrations such as abnormal weather and a difficult economy. To mitigate rising unit costs in power, fuel and chemicals and other related operating costs, and to recover $39.0 million of investments in infrastructure in the past two years, Middlesex Water filed a request for rate relief with the New Jersey Board of Public Utilities in August for an overall increase of approximately $15.1 million over current revenues. We continue to develop opportunities for profitable growth and to carefully manage our costs as we work through the various challenges and opportunities."
Net income declined from $4.7 million to $4.0 million. Diluted earnings per share decreased to $0.29 for the three months ended September 30, 2009, compared to $0.35 for the same period in 2008.
Operation and maintenance expenses for the three months ended September 30, 2009 increased $0.7 million or 5.7%. Labor costs increased $0.3 million due to increases in wages and resources necessary to meet the growing needs of our Delaware service territory. Despite lower water production due to unfavorable weather patterns and economic conditions, costs for chemicals and residual disposals rose $0.4 million over the same period in 2008. This was attributable to unit cost rate increases and significant rainfall which necessitated more water treatment.
Nine Month Operating Results
Operating revenues for the nine months ended September 30, 2009 decreased $0.4 million or less than 1.0% from the same period in 2008. Operation and maintenance expenses increased $2.8 million or 7.7%. Net income decreased $2.1 million or 19.9%. Diluted earnings per share decreased to $0.60 for the nine months ended September 30, 2009 compared to $0.75 for the same period in 2008.
Board Increases Quarterly Dividend
The Company's Board of Directors approved an increase in the Company's quarterly cash dividend to $0.1800 from $0.1775. The new dividend rate is payable December 1, 2009 to shareholders of record as of November 13, 2009. This dividend increase raises the annual dividend to $0.72 from $0.71 per share of common stock.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware through various subsidiary companies. For additional information regarding Middlesex Water Company including information about the Company's newly amended Dividend Reinvestment and Common Stock Purchase Plan, visit the Company's Web site at www.middlesexwater.com or call (732) 634-1500.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
*financial tables and full release visit www.middlesexwater.com
Research water stocks at Investorideas.com and Water-stocks.com
Water Stocks Directory
Visit our Water Stocks Directory - Listed Water Companies on TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Wednesday, September 30, 2009
Top 10 Investor Searches at Investorideas.com Include Natural Gas Stocks as Top Search, Water Stocks # 3,
This Week’s Top 10 Investor Searches at Investorideas.com Include Natural Gas Stocks as Top Search, Water Stocks # 3, Renewable Energy Stocks #6
Featured Water Stock Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
POINT ROBERTS, Wash., Delta, B.C.–September 30, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks was this weeks top investor inbound search, with water stocks at number three and renewable energy stocks coming in at number six.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review. Investorideas.com offers investors research tools for each sector including stock directories, stock news, research reports and other relevant investing content and links.
1. Natural gas stocks: Natural Gas Stocks Directory: Research Natural Gas stocks
2. Natural gas news
3. Water stocks: Water Stocks Directory- Research Water Stocks. Featured showcase water stock: Wescorp Energy Inc. (OTCBB: WSCE )
4. Stock Market- India
5. Natural gas companies
6. Renewable energy stocks: Renewable Energy Stocks Directory- Research Green Stocks
7. Natural gas producers
8. Natural gas stock
9. Green energy companies
10. Fuel cell car
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Featured Water Stock Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page
Wescorp Energy Inc Company Website
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. WSCE is a featured showcase water company and compensates Investorideas.com. Read disclosure
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
cvanzant@investorideas.com
Source – www.Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stock Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
POINT ROBERTS, Wash., Delta, B.C.–September 30, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks was this weeks top investor inbound search, with water stocks at number three and renewable energy stocks coming in at number six.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review. Investorideas.com offers investors research tools for each sector including stock directories, stock news, research reports and other relevant investing content and links.
1. Natural gas stocks: Natural Gas Stocks Directory: Research Natural Gas stocks
2. Natural gas news
3. Water stocks: Water Stocks Directory- Research Water Stocks. Featured showcase water stock: Wescorp Energy Inc. (OTCBB: WSCE )
4. Stock Market- India
5. Natural gas companies
6. Renewable energy stocks: Renewable Energy Stocks Directory- Research Green Stocks
7. Natural gas producers
8. Natural gas stock
9. Green energy companies
10. Fuel cell car
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Featured Water Stock Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page
Wescorp Energy Inc Company Website
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. WSCE is a featured showcase water company and compensates Investorideas.com. Read disclosure
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
cvanzant@investorideas.com
Source – www.Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
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