Latest news with #FrontierGroup
Globe and Mail
a day ago
- Business
- Globe and Mail
The Frontier Group of Companies to Transform Bruce Mansfield Power Plant into State-of-the-Art Natural Gas Power Plant, Supporting America's Energy Goals and Pennsylvania's Economic Growth
The Frontier Group of Companies ('FGC'), owner and developer of the 660-acre Shippingport Industrial Park in Pennsylvania, today announced that it is converting the former 2.7 gigawatt Bruce Mansfield Power Plant into Shippingport Power Station, a significantly larger state-of-the art natural gas generation plant with new incremental onsite generation. Additionally, FGC has secured a partner to build a collocated data center facility to support America's demand for AI infrastructure. Following its completion, Shippingport Power Station is expected to supply substantial direct power to the prospective data center or other potential on-site uses and contribute over one gigawatt of excess capacity back to PJM Interconnection, the largest power grid operator in the United States, boosting both regional and national power supply. The redevelopment project is expected to benefit Pennsylvania with more than $6 billion of new economic activity, encompassing direct spending, indirect spending and induced economic output, as well as create more than 15,000 construction jobs and 340 new full-time jobs in the region. It will also deliver approximately $139 million in annual recurring revenue for the state, including more than $13 million in tax revenue, $36 million in labor income and $6 million in local county tax revenue. David Franjoine, CEO and Founder of FGC, said, 'The Bruce Mansfield Power Plant dutifully served Pennsylvania for 43 years. With the support of Governor Josh Shapiro and Senator Dave McCormick, we will transform this decommissioned coal facility into a modernized power facility that supports America's goal of energy dominance and reinvigorates local communities with high-quality employment opportunities. I look forward to working closely with Senator McCormick and Governor Shapiro to bring this important initiative to fruition.' Shippingport Power Station is expected to utilize approximately 800 million cubic feet per day of natural gas produced by the Marcellus and Utica shales, located in Western Pennsylvania. As part of the redevelopment project, EQT Corporation (NYSE: EQT) ('EQT'), the largest integrated natural gas producer in the U.S., intends to serve as the new plant's natural gas supplier. Toby Z. Rice, President and Chief Executive Officer of EQT, said, 'As a Pennsylvania company, we are especially proud to be a part of this important project, which highlights the critical role of domestic energy in powering economic growth. We look forward to supporting Shippingport Power Station with reliable, affordable natural gas for the benefit of our state and for all Americans.' In addition, National Fuel Gas Supply Corporation, a subsidiary of National Fuel Gas Company (NYSE: NFG) with nearly 125 years of natural gas industry experience, will serve as the transporter for a significant portion of the natural gas supplies to the Shippingport Power Station. David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company, said, 'We look forward to supporting this significant investment in Western Pennsylvania, leveraging our interstate pipeline network to provide reliable deliveries of Appalachian Basin natural gas directly to the facility, with new transportation capacity expected to come online as early as Fall 2026.' About The Frontier Group of Companies The Frontier Group of Companies (FGC), based in Buffalo, New York and founded in 2001, specializes in site acquisition, environmental remediation, asset repurposing, energy generation and industrial development of legacy brownfield sites. As a liability transfer company, FGC assumes all environmental liability, identifies the hazardous substances, self-performs remediation and cleanup, razes unusable improvements and engineers and plans the future use of its sites. The facilities that FGC acquires include former coal fired power plants, steel mills, paper mills, coal mines and chemical plants, among a variety of primarily industrial facilities throughout North America. Frontier is a privately held company with a proven and client-endorsed track record, and an extensive list of successful projects completed in over 30 states and seven countries. Additional information about FGC's Shippingport Project, visit: About EQT Corporation EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors and communities and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day — trust, teamwork, heart and evolution are at the center of all we do. About National Fuel Gas Company National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. Additional information about National Fuel is available at
Yahoo
12-06-2025
- Business
- Yahoo
Are Options Traders Betting on a Big Move in Frontier Group Stock?
Investors in Frontier Group Holdings, Inc. ULCC need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $11.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Frontier Group shares, but what is the fundamental picture for the company? Currently, Frontier Group is a Zacks Rank #3 (Hold) in the Transportation - Airline industry that ranks in the Top 19% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while four have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 21 cents per share to a loss of 24 cents in that the way analysts feel about Frontier Group right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Frontier Group Holdings, Inc. (ULCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Frontier Group Holdings, Inc. (NASDAQ:ULCC) Just Reported And Analysts Have Been Cutting Their Estimates
It's been a pretty great week for Frontier Group Holdings, Inc. (NASDAQ:ULCC) shareholders, with its shares surging 10% to US$3.52 in the week since its latest quarterly results. Revenues of US$912m were in line with expectations, although statutory losses per share were US$0.19, some 13% smaller than was expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. NasdaqGS:ULCC Earnings and Revenue Growth May 6th 2025 Taking into account the latest results, Frontier Group Holdings' ten analysts currently expect revenues in 2025 to be US$3.80b, approximately in line with the last 12 months. Earnings are expected to tip over into lossmaking territory, with the analysts forecasting statutory losses of -US$0.24 per share in 2025. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.03b and earnings per share (EPS) of US$0.25 in 2025. The analysts have made an abrupt about-face on Frontier Group Holdings, administering a minor downgrade to to revenue forecasts and slashing the earnings outlook from a profit to loss. View our latest analysis for Frontier Group Holdings The average price target was broadly unchanged at US$4.83, perhaps implicitly signalling that the weaker earnings outlook is not expected to have a long-term impact on the valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Frontier Group Holdings analyst has a price target of US$10.00 per share, while the most pessimistic values it at US$3.00. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Frontier Group Holdings' past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 0.8% by the end of 2025. This indicates a significant reduction from annual growth of 11% over the last three years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 7.8% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Frontier Group Holdings is expected to lag the wider industry.
The Independent
11-04-2025
- Business
- The Independent
Airline losses expected as Trump's trade war lowers travel demand
Frontier Group, the parent company of Frontier Airlines, has withdrawn its financial projections for the year and anticipates a first-quarter loss, attributing the downturn to the impact of President Trump 's trade policies on travel demand. This announcement follows a similar move by Delta Air Lines, which also retracted its full-year guidance. Frontier cited a weakening in travel demand, forcing airlines to resort to fare discounts and promotions to attract passengers. Given this unpredictable climate, the Denver-based carrier stated it could no longer stand by its previously issued 2025 outlook. Earlier this year, in February, Frontier had projected adjusted profits of at least $1.00 per share for the year and breakeven earnings of 7 cents per share for the first quarter. The ongoing trade disputes initiated by the Trump administration have created turbulence in global markets, impacting both business and consumer confidence. Travel, often considered a discretionary expense, is particularly vulnerable to economic anxieties. These growing concerns have cast a shadow over the airline industry's prospects, contributing to a decline in airline stocks. Weakening consumer demand has also undermined the industry's pricing power. Airline fares fell 5.3 per cent in March from a month ago, posting their steepest monthly decline since September 2021, according to data from the US Labor Department. Frontier's shares fell about 12.5 per cent on Thursday and have shaved off half their value so far this year. Shares of Southwest (LUV.N), Alaska (ALK.N), Delta, United (UAL.O) and American Airlines fell between 10 per cent and 14 per cent on Thursday. The S&P 1500 Airlines index is down about 37 per cent so far this year, compared with the wider S&P 500's 10.43 per cent drop. Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days. But the selloff resumed on Thursday amid fears of a worsening trade war with China. Frontier said it expects a modest 5 per cent revenue growth in the first quarter, adding it would continue to monitor demand and adjust capacity as needed. It has cut capacity, or the seats available on flights, for the June quarter to avoid lowering fares and protect margins. It now expects a low single-digit year-on-year decline in capacity in the second quarter. Frontier expects an adjusted quarterly loss in the range of 20 to 24 cents per share, compared with analysts' average estimate of a loss of $0.03 per share, according to data compiled by LSEG. The company will report its quarterly earnings on May 1.
Yahoo
04-03-2025
- Business
- Yahoo
Illumina, airline downgrades, Walgreens: Market Minute
Here are the biggest headlines of the day in the latest Market Minute. Illumina (ILMN) shares have recouped their losses. The stock had fallen after China banned it from exporting its gene sequencers to the country. The move was in retaliation for the latest tariffs from the Trump administration. Deutsche Bank downgraded shares of both Frontier Group (ULCC) and JetBlue (JBLU) to Hold from Buy on concerns about slowing consumer spending. Shares of Walgreens Boot Alliance are rising following a Wall Street Journal report that the company is on the verge of being taken private. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This post was written by Stephanie Mikulich. Sign in to access your portfolio
