Nyse Order Imbalance 342074.0 Shares On Buy Side

GEVO Inc. GEVO is slated to report fourth-quarter 2024 results on March 6, after market close.

Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

In the last reported quarter, the company delivered an earnings surprise of 10.00%. It delivered a trailing four-quarter average negative earnings surprise of 20.83%.

Gevo, Inc. Price and EPS Surprise

Gevo, Inc. price-eps-surprise | Gevo, Inc. Quote

Factors to Note Ahead of GEVO’s Q4 Results

Lower sales of environmental attributes from GEVO’s RNG project, due to a buildup of environmental attribute inventory in anticipation of receiving the final pathway approval under the Low Carbon Fuel Standard (“LCFS”) Program, might have hurt the company’s overall revenues in the fourth quarter.

The Zacks Consensus Estimate for revenues is pegged at $3.2 million, indicating a 28% decline from the prior-year quarter’s figure.

Poor sales expectations are likely to have pushed down GEVO’s quarterly earnings. Moreover, higher personnel and consulting expenses associated with the company’s Net-Zero and Verity growth initiatives, along with higher interest expenses, might have also adversely impacted its bottom-line performance in the soon-to-be-reported quarter.

The Zacks Consensus Estimate for earnings is pegged at 11 cents per share, implying a decline of 37.5% from the prior-year quarter’s figure.

What the Zacks Model Unveils for GEVO

Our proven model does not conclusively predict an earnings beat for GEVO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.

Earnings ESP: GEVO’s Earnings ESP is -27.27%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: Gevo currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank stocks here.

Recent Sector Releases

CNX Resources Corporation CNX reported fourth-quarter 2024 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 43 cents by 32.6%. However, the bottom line decreased 16.2% from 68 cents in the year-ago quarter.

The company reported revenues of $386 million, which missed the Zacks Consensus Estimate of $411 million by 6.2%. However, the top line increased 2.7% from the prior-year quarter’s $376 million.

ONEOK Inc. OKE reported fourth-quarter 2024 operating earnings per share (EPS) of $1.57, which beat the Zacks Consensus Estimate of $1.45 by 8.3%. The bottom line also improved 33.1% from the year-ago quarter’s figure of $1.18.

Operating revenues for the quarter totaled $7 billion, which surpassed the Zacks Consensus Estimate of $6.56 billion by 6.8%. The top line also improved 33.7% from $5.24 billion in the prior-year quarter.

TotalEnergies SE TTE reported fourth-quarter 2024 operating earnings of $1.90 (€1.78) per share, which surpassed the Zacks Consensus Estimate of $1.87 by 1.6%. The bottom line declined 12% from the year-ago figure of $2.16 (€2.02).

Total revenues for the fourth quarter were $47.11 billion, which declined from the year-ago reported figure of $47.26 billion by 0.3%. Revenues were down 13.9% year over year.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Shares of Ormat Technologies Inc. ORA rose 1% to $68.94 on Feb. 27, 2025, following the company’s fourth-quarter 2024 results release.

Ormat reported fourth-quarter 2024 adjusted earnings per share of 72 cents, which beat the Zacks Consensus Estimate of 47 cents by 53.2%. The bottom line also increased 7.5% from 67 cents in the year-ago quarter.

Find the latest earnings estimates and surprises on Zacks Earnings Calendar.

The company reported GAAP earnings of 67 cents per share compared with 59 cents in the year-ago quarter.

For 2024, Ormat generated adjusted earnings of $2.20 per share, up from $2.05 reported in the previous year.

Ormat Technologies, Inc. Price, Consensus and EPS Surprise

Ormat Technologies, Inc. price-consensus-eps-surprise-chart | Ormat Technologies, Inc. Quote

ORA’s Total Revenues

ORA generated revenues of $230.7 million, which lagged the Zacks Consensus Estimate of $234 million. The top line also declined 4.4% year over year due to lower revenues from its electricity and product segment.

For 2024, the company generated revenues worth $879.7 million, up 6.1% from $829.4 million recorded in 2023.

ORA’s Segmental Performance

Electricity: Revenues in this segment amounted to $180.1 million, down 2.1% year over year. This downside was primarily due to a partial outage at the Dixie Valley power plant, which returned to full operation in November 2024.

Product: This segment’s revenues declined 21.4% to $39.6 million from the year-ago quarter’s level. The decline was due to the timing of revenue recognition.

Energy: Revenues in this division amounted to $11 million, up 56.7% from the prior-year quarter’s figure. This was due to a total of 120MW/360 MWh of new capacity that started operation since the beginning of 2024 and new assets that came online during the second half of 2023.

ORA’s Operational Update

Ormat’s total operating expenses were $24.5 million, which decreased 8.8% from the year-ago quarter’s level.

The operating income declined 4.9% year over year to $49.1 million.

The total cost of revenues was $157.2 million, down 3.5% year over year.

Net interest expenses were $34.5 million, up 33.8% year over year.

Ormat’s Financial Condition

ORA had cash and cash equivalents of $94.4 million as of Dec. 31, 2024 compared with $195.8 million as of Dec. 31, 2023.

ORA’s 2025 Guidance

The company initiated its guidance for 2025. It expects to generate revenues in the range of $935-$975 million. The Zacks Consensus Estimate is pegged at $961 million, higher than the midpoint of the guided range.

Revenues for the Electricity segment are anticipated in the band of $710-$725 million. The Product segment’s revenues are expected to be in the range of $172-$187 million. Revenues for the Energy Storage segment are expected between $53 million and $63 million.

ORA anticipates annual adjusted EBITDA in the band of $563-$593 million.

ORA’s Zacks Rank

Ormat currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Sector Releases

CNX Resources Corporation CNX reported fourth-quarter 2024 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 43 cents by 32.6%. However, the bottom line decreased 16.2% from 68 cents in the year-ago quarter.

The company reported revenues of $386 million, which missed the Zacks Consensus Estimate of $411 million by 6.2%. However, the top line increased 2.7% from the prior-year quarter’s $376 million.

ONEOK Inc. OKE reported fourth-quarter 2024 operating earnings per share (EPS) of $1.57, which beat the Zacks Consensus Estimate of $1.45 by 8.3%. The bottom line also improved 33.1% from the year-ago quarter’s figure of $1.18.

Operating revenues for the quarter totaled $7 billion, which surpassed the Zacks Consensus Estimate of $6.56 billion by 6.8%. The top line also improved 33.7% from $5.24 billion in the prior-year quarter.

TotalEnergies SE TTE reported fourth-quarter 2024 operating earnings of $1.90 (€1.78) per share, which surpassed the Zacks Consensus Estimate of $1.87 by 1.6%. The bottom line declined 12% from the year-ago figure of $2.16 (€2.02).

Total revenues for the fourth quarter were $47.11 billion, which declined from the year-ago reported figure of $47.26 billion by 0.3%. Revenues were down 13.9% year over year.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

ONEOK Inc. OKE reported fourth-quarter 2024 operating earnings per share (EPS) of $1.57, which beat the Zacks Consensus Estimate of $1.45 by 8.3%. The bottom line also improved 33.1% from the year-ago quarter’s figure of $1.18.

Find the latest earnings estimates and surprises on Zacks Earnings Calendar.

OKE reported earnings of $5.17 per share for 2024 compared with $5.48 per share in 2023, which reflects a year-over-year decrease of 5.7%.

OKE’s Total Revenues

Operating revenues for the quarter totaled $7 billion, which surpassed the Zacks Consensus Estimate of $6.56 billion by 6.8%. The top line also improved 33.7% from $5.24 billion in the prior-year quarter.

OKE reported total revenues of nearly $21.7 billion for 2024 compared with $17.68 billion in 2023, which reflects a year-over-year increase of 22.7%.

ONEOK, Inc. Price, Consensus and EPS Surprise

ONEOK, Inc. price-consensus-eps-surprise-chart | ONEOK, Inc. Quote

Highlights of OKE’s Earnings Release

Adjusted EBITDA came in at $2.17 billion, up 43.6% year over year.

Operating income totaled $1.57 billion, up 42.7% from the prior-year level of $1.1 billion.

ONEOK incurred interest expenses of $448 million, up 46.9% from $305 million recorded in the year-ago period.

Total natural gas processed was 3,118 billion British thermal units per day (BBtu/d), down 1.7% year over year.

The company reported natural gas transportation capacity contracted of 8,395 million British thermal units per hour per day (MDth/d), which increased 6% year over year.

OKE’s Financial Highlights

As of Dec. 31, 2024, ONEOK had cash and cash equivalents worth $733 million compared with $338 million as of Dec. 31, 2023.

As of Dec. 31, 2024, long-term debt (excluding current maturities) totaled $31.02 billion compared with $21.18 billion as of Dec. 31, 2023.

Cash provided by operating activities for 2024 amounted to $4.89 billion compared with $4.42 billion in the corresponding period of 2023.

OKE’s 2025 Guidance

ONEOK anticipates consolidated 2025 net income in the band of $3.21-$3.69 billion. It expects adjusted EBITDA in the range of $8-$8.45 billion.

Interest expenses, net of capitalized interest, are expected to be in the range of $1.77-$1.73 billion.

Total capital expenditures are expected between $2.8 billion and $3.2 billion. Capital expenditure guidance includes the Medford fractionator rebuild, Denver-area refined products expansion, the relocation of a natural gas processing plant to the Permian Basin from North Texas and the Texas City export terminal joint ventures. Additional funding is provided for well connections across all basins, plant connections and synergy-related projects.

Diluted EPS is expected in the range of $4.97-$5.77 per share. The Zacks Consensus Estimate for earnings is pegged at $5.95 per share, which is higher than the company’s guided range.

OKE’s Zacks Rank

ONEOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Releases

CNX Resources Corporation CNX reported fourth-quarter 2024 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 43 cents by 32.6%.

The company reported revenues of $386 million, which missed the Zacks Consensus Estimate of $411 million by 6.2%. However, the top line increased 2.7% from the prior-year quarter’s $376 million.

Plains All American Pipeline, L.P. PAA reported fourth-quarter 2024 adjusted earnings of 42 cents per unit, which lagged the Zacks Consensus Estimate of 44 cents by 4.5%.

Net sales of $12.4 billion missed the Zacks Consensus Estimate of $12.8 billion by 3.1%. The top line also decreased 2.3% from the year-ago quarter’s figure of $12.7 billion.

TotalEnergies SE TTE reported fourth-quarter 2024 operating earnings of $1.90 (€1.78) per share, which surpassed the Zacks Consensus Estimate of $1.87 by 1.6%.

Total revenues for the fourth quarter were $47.11 billion, which declined from the year-ago reported figure of $47.26 billion by 0.3%.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research