Given its guidance, U.S. Steel’s 4Q17 shipments could be flat compared with shipments in 3Q17.
Steel companies’ revenues are a function of commodity prices and shipments, and it’s ideal for investors to follow quarterly production and shipment data.
U.S. Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for its top and bottom lines.
In October 2017, Genesee & Wyoming’s (GWR) European operations reported a minor volume loss of 0.6% on a YoY (year-over-year) basis.
In October 2017, Genesee & Wyoming recorded a slight fall of 1.7% in its North American freight traffic YoY (year-over-year).
In week 44, which ended on November 4, 2017, Calgary-based Canadian Pacific Railway (CP) witnessed volume gains both in carloads and intermodal units.
Canadian National Railway (CNI), saw a halt in its YoY (year-over-year) carload growth in recent weeks. The week that ended on November 4, 2017, was no exception.
Kansas City Southern (KSU), the smallest US Class I railroad, witnessed volume gains in railcars and intermodal business in the 44th week, which ended November 4, 2017.
CSX Corporation (CSX) registered a 2.3% fall in freight volumes in the 44th week, which ended on November 4, 2017. The company moved ~70,400 railcars.
In week 44, which ended November 4, 2017, Norfolk Southern’s (NSC) railcar volumes rose slightly by 0.2%. However, intermodal shipments rose 7.9%.
Union Pacific (UNP) registered a marginal fall of 0.5% in its overall freight traffic, including intermodal, in the week ended November 4, 2017.
In the week ended November 4, 2017, BNSF Railway’s railcar traffic contracted 1%. It moved about 99,300 railcars.
In the 44th week of 2017, total rail freight traffic in the United States recorded a ~0.9% fall. Overall volumes, including intermodal, decreased to ~539,000 units.
Cimarex Energy’s (XEC) revenues fell 40.0% and 13.0% in 2015 and 2016, respectively.
Symantec Corporation has a dividend yield of 1.0% and a YTD return of 19.7%.
Symantec’s costs and expenses fell 6.0% and 31.0% in 2015 and 2016, respectively.
Devon Energy Corporation’s 56.0% dividend cut in 2016 was followed by a 43.0% cut in 2017.
Devon Energy’s (DVN) revenues fell 36.0% and 7.0% in 2015 and 2016, respectively.
NRG Energy’s (NRG) operating revenues fell 2.0% in 9M17. Every segment of the company drove this decline.
NRG Energy’s (NRG) operating revenues fell 8.0% and 16.0%, respectively, in 2015 and 2016.