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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.


NYSE:CR - Post by User

Comment by BraddockTrailon May 06, 2022 8:58pm
181 Views
Post# 34663930

RE:RE:1Q22 Hedge Cost on EPS

RE:RE:1Q22 Hedge Cost on EPSThanks gonatgasgo. From the annual report of 2021 the hedging table shows hedges of 82500mcf/d for 1Q21. Then the table in the first quarter of 2022 report shows 92500gj/d for 2Q22, 90000 for 3Q, and 72500 for 4Q. I assume gm is mcf. The numbers for 2023 are 30000, 20000, 27500, 20000 assuming I did not make a mistake. There also was an estimate that gas for 2022 was about 47% hedged. I estimated earlier that the 1Q22 hedges lowered EPS by about 40c (cents). Since the hedges for the rest of 2022 are of similar magnitude, the costs for the rest of the year ought to be similar. The costs per quarter in 2023 ought to average about 12c. Note - checking the 3Q21 report there were no hedges in the hedge table for 2023 but in the 4Q annual report there were. Apparently adding hedges is an ongoing process. Unlike Cenovus which I mentioned before.
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