Notes From All Over -- The Kyndryl Edition -- October 21, 2021

UNP, 3Q21 earnings:

• profit topped analysts' expectations
• cost cuts and price increases bolstered the bottom line even as cargo growth lagged
• UNP cut its 2021 volume target
• volume growth, 5%, down from a target of 7%;
• EPS: $2.57 vs $2.51, and higher than than the $2.01 a year earlier;
• revenue rose 13% to $5.6 billion vs $5.4 billion forecast

Economic indicators released today: wow, wow, wow -- the housing sales numbers were absolutely incredible. I was impressed. 

A reminder, IBM to split into two companies:

• Kyndryl ("can drill") would have been a better name for an oil company
• link here; and, here.

Wework: set to go public via a SPAC two years after failed IPO. Link to WSJ. 

Supply chain shortages:

• US: just-in-time delivery
• China: just-in-case delivery

********************************
CCS

Updates

October 21, 2021: HartEnergy has the story, finally. And also at KFYR. 

North Dakota’s regulatory framework for geologic sequestration of carbon dioxide (CO2) is leading the nation again as the North Dakota Industrial Commission approved the first Class VI well in North Dakota on Oct. 19.

 North Dakota was the first state to receive primacy of Class VI wells from the US EPA in 2018, followed only by Wyoming in 2020.

Original Post

North Dakota carbon storage: ethanol plant seeks to capture emissions. Amy R. Sisk.