S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Global Platts announced the launch of the first suite of hydrogen price assessments for Australia, effective August 16, 2021. This initiative aims to enhance market transparency regarding hydrogen production costs, catering to increased interest from investors and policymakers. The assessments include 128 price evaluations across six states, with prices ranging from $1.509/kg to $4.409/kg. Comparatively, these prices are lower than those in Japan and the Netherlands, establishing Australia as a crucial hub for future hydrogen production.
S&P Global Platts has launched eight new global low-carbon metals spreads and ratios, expanding its carbon-accounted price offerings. Responding to market demands, these tools aim to quantify costs and manage risks in the evolving carbon-reduction landscape. They are based on Platts assessments of key materials like hot-rolled steel and aluminum across major regions, aiding producers and end-users in understanding the market value of low-carbon metals. This launch follows recent initiatives in low-carbon aluminum pricing.
S&P Global Platts has expanded its voluntary carbon credit assessments to include seven project types effective August 9, 2021. This includes assessments for Avoidance and Removals-based carbon credit projects, focusing on emissions reduction and carbon capture. The launch responds to the urgent need for transparency in the carbon market, as highlighted by the recent IPCC report on climate change. Pricing assessments for various types of credits have been introduced, with current year delivery prices ranging from $2.30 to $100 per mtCO2e, aimed at supporting investments in impactful carbon projects.
Dan Draper, CEO of S&P Dow Jones Indices, will present at the UBS Financial Services Virtual Conference on August 11, 2021. The session is scheduled from 2:00 p.m. to 2:45 p.m. EDT, and will be available for live streaming. Key information will be shared regarding S&P Global and its operations, including its proposed transaction with IHS Markit. Investors are urged to review the related SEC filings for comprehensive insights. The webcast will be available for replay for one year after the event.
S&P Global Platts announced the launch of Platts Dimensions Pro on August 9, 2021. This innovative platform enhances user access to pricing data, forecasts, and analytics across 13 commodities, including Energy Transition. Key features include real-time market activity updates, advanced charting capabilities, and customizable dashboards. The service is designed to help customers navigate the evolving low-carbon economy by providing integrated technology for better insights. Platts Dimensions Pro leverages machine-to-machine delivery, APIs, and a Microsoft Excel plug-in to streamline user experience.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) have reached an agreement to sell IHS Markit's OPIS, Coal, Metals and Mining, and PetroChem Wire businesses to News Corp for approximately $1.150 billion. This divestiture is part of the companies' strategy to gain regulatory approval for their planned merger, expected to close in the fourth quarter of 2021. Both transactions await regulatory review, and S&P Global is advised by Goldman Sachs & Co. while IHS Markit is represented by Davis Polk & Wardwell LLP.
S&P Global (NYSE: SPGI) reported Q2 2021 revenues of $2,106 million, reflecting an 8% increase year-over-year. Net income rose 1% to $798 million, with diluted EPS at $3.30. Adjusted net income jumped 6% to $875 million, while adjusted diluted EPS also increased 6% to $3.62. The operating profit margin decreased to 54.8%. Significant revenue growth was observed across all segments, particularly in non-transaction revenue. S&P Global anticipates closing its merger with IHS Markit in Q4 2021, with an adjusted diluted EPS guidance raised to between $12.95 and $13.15.
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The S&P Dow Jones Indices announced a remarkable 16.6% annual increase in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index for May 2021, surpassing April's 14.8%. The 20-City Composite rose 17.0%, while the 10-City Composite was up 16.4%. Significant gains were noted in cities like Phoenix (25.9%), San Diego (24.7%), and Seattle (23.4%). Overall, all 20 cities reported annual price increases, with many reaching historic highs. This growth trend is attributed to post-COVID demand shifts, indicating potential long-term changes in housing preferences.
S&P Global (NYSE: SPGI) has appointed Dr. Richard Mattison as President of its ESG and sustainability organization, S&P Global Sustainable1. Previously the CEO of Trucost, Mattison brings over 20 years of experience in sustainable finance. S&P Global Sustainable1, launched in April 2021, integrates the company's sustainability offerings and houses over 700 billion ESG and climate data points, serving around 11,500 companies. This strategic appointment aims to strengthen the intersection between sustainability and business performance, positioning the organization for future growth.