Questar Fueling, a unit of natural gas-focused energy company
) has entered into a contract to construct and operate a
compressed natural gas (CNG) fueling facility in Houston, Texas.
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This facility will serve up to 200 natural gas-powered trucks
) and Central Freight Lines - both industry leaders in terms of
adopting CNG as a viable transportation fuel alternative for the
heavy-duty market. For public access, private time-fill pumps and
five lanes of fast-fueling facility will be available on spot. 5
million gallons of natural gas per year will be consumed by Swift
Transportation's and Central Freight Lines' trucks.
Founded in 1922, Salt Lake City, Utah-based Questar Corporation
operates with three principal subsidiaries - Wexpro Company,
Questar Pipeline, and Questar Gas Company.
Questar, after the
) spin-off, has transformed itself into a natural gas-operated
energy company, which focuses exclusively on exploring natural
gas resources while serving customers in domestic and worldwide
Questar is characterized by a cost-effective business strategy
that generates lucrative returns on equity. The company is also
consistently broadening its customer base and enjoys an enviable
market share as compared to its peers which include
AGL Resources, Inc.
National Fuel Gas Company
Atmos Energy Corporation
Apart from solid growth prospects and a rising dividend income,
Questar enjoys of one of the best credit ratings in the utilities
sector. This provides the company with a competitive advantage in
accessing capital at a reasonable cost.
However, the glut in domestic gas supplies continues to weigh on
the company, with storage levels remaining well above their
Shares of Questar currently carry a Zacks Rank #3, which
translates into a short-term Hold rating. We are also maintaining
our long-term Neutral recommendation on the shares.