January 24, 2017 6:23 AM ET

Capital Markets

Company Overview of S&P Global Platts Inc.

Company Overview

S&P Global Platts Inc. provides information and benchmark prices for the commodities and energy markets worldwide. Its coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping industries. The company publishes news, commentary, fundamental market data and analysis, and daily price assessments that are used as benchmarks in the physical and futures markets. The company’s products and services include real-time news and market alerts, commodity risk solutions, market data and price assessments, newsletters and reports, market reports and analytics, analytical tools, geospatial data and maps, and conferences and events, as well as a weekly television program broad...

20 Canada Square

12th Floor

Canary Wharf

London,  E14 5LH

United Kingdom

Founded in 1909

Phone:

44 2071 766 111

Fax:

44 2071 766 144

Key Executives for S&P Global Platts Inc.

Chief Operating Officer
Chief Executive Officer of PIRA Energy Group
Chief Product Officer
Chief Strategy Officer and Vice President
Compensation as of Fiscal Year 2016.

S&P Global Platts Inc. Key Developments

S&P Global Platts Inc. Presents at Platts, Inc. Aluminum Symposium 2017, Jan-15-2017 through Jan-17-2017

S&P Global Platts Inc. Presents at Platts, Inc. Aluminum Symposium 2017, Jan-15-2017 through Jan-17-2017. Venue: Scottsdale, Arizona, United States. Presentation Date & Speakers: Jan-16-2017, Karen McBeth, Editorial Director, Metals Pricing and Market Engagement, Tina Allagh, Senior Managing Editor. Jan-17-2017, Karen McBeth, Editorial Director, Metals Pricing and Market Engagement, Preston Gibson, Head of Global Training, Sarah Baltic, Associate Editor, Tina Allagh, Senior Managing Editor.

S&P Global Platts and Intercontinental Exchange to Improve Natural Gas Price Transparency and Bolster North America Benchmarks

S&P Global Platts and Intercontinental Exchange (ICE) announced they have entered into a strategic agreement to strengthen North America's natural gas benchmarks, streamline the reporting process, and further improve transparency in over-the-counter (OTC) pricing. Under this agreement, ICE data regarding daily and monthly physical natural gas transactions will be anonymized and included as inputs into the Platts physical market price assessment processes. Not only will the addition of ICE data increase the volumes of natural gas underpinning the Platts natural gas benchmarks, it will expand the number of trades and market participants reflected in the Platts price assessment processes.  After a transitional period, Platts will grant ICE exclusive rights to use Platts' North American physical natural gas benchmarks in the settling and clearing of natural gas derivatives contracts. A key benefit of this agreement is that market participants will be able to use ICE exchange transactions and ICE eConfirm, an electronic trade confirmation service, as a means of having their transactions data used in the Platts price assessment process.  This brings additional data and efficiency to the assessment process. A transition period will apply before Platts incorporates the ICE data into its assessments and before ICE eConfirm can be used for submitting trades, which is targeted to be completed at end of the first quarter 2017.

S&P Global Platts Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

S&P Global Platts reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue decreased 8% to $229 million primarily because the current period only included two months of J.D. Power revenue. Organic revenue grew 4% for the segment excluding revenue from the acquisitions of RigData and PIRA, and excluding the results of J.D. Power for the period. Pressure on many of customers from continued low commodity prices continued during the quarter and muted Platts revenue growth. Platts growth was due to mid single-digit revenue growth in core subscriptions, primarily due to the petroleum sector, partially offset by declines in Global Trading Services. Operating profit grew to $812 million due to a $722 million pre-tax gain on the sale of J.D. Power. Adjusted operating profit decreased 4% to $94 million in the third quarter of 2016 compared to the same period last year primarily as a result of the exclusion of J.D. Power's operating results for September. Non-GAAP operating loss was $721 million. Adjusted revenue was $172 million against $166 million a year ago. For the nine months, the company reported revenue of $738 million against $707 million a year ago. Operating profit was $1,008 million against $265 million a year ago. Non-GAAP operating loss was $717 million against Non-GAAP operating income of $1 million a year ago. Adjusted revenue was $518 million against $487 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 4, 2016
PIRA Energy Group, Inc.
Merger/Acquisition
June 2, 2016
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Merger/Acquisition
April 10, 2016
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