Key Takeaways Sempra Energy is set to report Q4 results, with earnings seen down 24.7% year over year.New interim rates and rate-based growth likely supported regulated earnings and top-line performance.SRE is expected to face headwinds from mild weather, higher operating costs and increased interest expenses.Sempra Energy (SRE) is scheduled to release fourth-quarter 2025 results on Feb. 26, before market open. The company delivered an earnings surprise of 19.35% in the last reported quarter. Let’s discuss ...

Key Takeaways ONEOK is expected to post Q4 revenues of $9.49B, suggesting 35.6% y/y growth.OKE's Q4 earnings are projected at $1.50 per share, indicating a 4.5% y/y fall.ONEOK is likely to see y/y NGL throughput growth of 26.4%.ONEOK Inc. (OKE) is scheduled to release fourth-quarter 2025 results on Feb. 23, after market close. The company delivered an earnings surprise of 2.05% in the last reported quarter. Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors ...

Core Viewpoint - Transocean reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.09 per share, representing a significant earnings surprise of -76.47% compared to a loss of $0.09 per share a year ago [1] Financial Performance - The company posted revenues of $1.04 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.44%, and showing an increase from year-ago revenues of $952 million [2] - Over the last four quarters, Transocean has exceeded consensus revenue estimates four times [2] Stock Performance - Transocean shares have increased approximately 50.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $0.05 for the coming quarter and $0.19 for the current fiscal year [4][7] - The Zacks Rank for Transocean is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Oil and Gas - Drilling industry is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting that the industry's outlook could materially impact Transocean's stock performance [8]

Core Insights - NANO Nuclear Energy Inc. (NNE) is set to report its fiscal first-quarter results on February 17, with a consensus estimate indicating a loss of 32 cents per share, reflecting a 255.6% decrease from the previous year [1][5] - Earnings estimates for the fiscal first quarter have improved by 36% over the past 60 days [1] - NNE has a history of earnings surprises, beating estimates in three of the last four quarters, but with an average negative surprise of 74.03% [2] Earnings Prediction - The current model does not predict an earnings beat for NNE, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [3][4] Recent Developments - In the fiscal first quarter, NNE completed the acquisition of Global First Power from USNC, which will enable the demonstration of its KRONOS MMR in the U.S. and Canada [7] - NNE received support for its prototype project, including a potential customer's announcement to pursue a feasibility study for deploying 15 KRONOS MMR microreactors [8] - An agreement was signed with BaRupOn LLC to conduct a feasibility study for producing up to 1 GW of power using multiple KRONOS MMR units in Texas, reinforcing NNE's position in the advanced reactor development space [9] Stock Performance - NNE's shares have declined by 25.8% over the past three months, contrasting with a 9.7% rise in the Zacks Alternative Energy – Other industry [10] - The company is currently trading at a premium valuation, with a price-to-book (P/B) ratio of 6.47X compared to the industry average of 3.92X [11]

Core Insights - The Western production segment is a crucial component of Alto Ingredients' growth strategy, focusing on renewable fuels and essential ingredients, with plans to introduce liquid CO2 in 2025 [2][9] Group 1: Western Production Segment - The segment benefits from premium ethanol pricing due to regional supply constraints and proximity to key markets, allowing for more resilient growth compared to Midwest-focused peers [3] - In 2024, the Western production segment generated $115 million from alcohol sales and $37 million from essential ingredients, selling approximately 61 million gallons of alcohol and 514,600 tons of essential ingredients [3] - The segment's alignment with California's Low Carbon Fuel Standard (LCFS) enhances demand for low-carbon ethanol, leading to more predictable EBITDA and reduced exposure to supply chain volatility [4][9] Group 2: Strategic Positioning - The Western production segment supports Alto's transition to higher-value, lower-carbon products, translating regulatory advantages into sustainable pricing power and margin expansion [5][9] - Compared to peers like Green Plains Inc. and Gevo, which face challenges from fluctuating ethanol prices and early-stage project limitations, Alto's Western segment offers more stability and growth potential [6][7] Group 3: Financial Performance - Alto Ingredients' stock has increased by 62.6% over the past year, outperforming the industry average [8] - The stock is currently undervalued, trading at a price-to-earnings multiple of 16.38, lower than the industry average of 16.84 [11] - Consensus estimates for 2026 earnings show no movement in the last 30 days, indicating stability in projections [12]

Core Insights - Gevo is focusing on profitability and increasing adjusted EBITDA, particularly at its North Dakota ethanol facility with carbon capture, which is seen as a transformational acquisition [1][6] - The company is experiencing a leadership transition, with Paul Bloom set to become CEO in April, while founder Patrick Gruber will take on the role of executive chair [2][3][6] Operational Priorities - Management aims to improve profitability at the North Dakota site, targeting a capacity increase to approximately 75 million gallons and advancing "Project Northstar," an alcohol-to-jet (ATJ) plant with a capacity of around 30 million gallons [6][10] - The company is actively pursuing financing for Project Northstar, with an expected total installed capital of just over $500 million [5][11] Market Outlook - Gevo identifies a significant U.S. jet fuel shortfall of approximately 2.3 billion gallons by 2035, presenting a scaling opportunity for the company [5][8] - The company emphasizes the need for "drop-in" fuels that are compatible with existing infrastructure, allowing for blending with conventional jet fuel [9] Financial Performance - Gevo's revenue run rate is projected to be between $150 million and $200 million, with a path toward substantially higher EBITDA and near-term neutral to positive operating cash flow [5][12] - The company reported an adjusted non-GAAP EBITDA of $6.7 million in the last quarter, with expectations for this to increase over the coming quarters [12] Technology Development - Gevo has been awarded an additional patent in its ethanol-to-olefins (ETO) portfolio, which could potentially reduce capital and operating costs by up to 35% [13] - The company is exploring marine fuel markets and is interested in isobutanol for performance marine applications [14] Strategic Initiatives - The company is focused on monetizing carbon-related revenue, including clean fuel production tax credits that could reach up to $1 per gallon, depending on carbon intensity [10] - Gevo is also working on expanding its carbon business and advancing financing for its first ATJ30 plant as a foundation for broader replication [15]

Core Insights - The Pekin production segment is crucial for Alto Ingredients' investment thesis, driving earnings power, diversification, and long-term strategic positioning [1] Group 1: Pekin Production Segment - Pekin is Alto's largest production site, offering integrated operations that extend beyond conventional fuel ethanol, including higher-margin industrial alcohols and essential ingredients, which diversifies revenue [2] - In 2024, the Pekin Campus generated $585 million from alcohol and essential ingredient sales, selling approximately 214 million gallons of alcohol and 906,300 tons of essential ingredients [2][10] - Pekin's strategic value is enhanced by access to premium alcohol markets, which have steadier demand compared to fuel ethanol, reducing vulnerability to corn costs and energy pricing [3] Group 2: Strategic Initiatives - Alto is shifting towards higher-value and lower-carbon products, expanding carbon dioxide capture and utilization at its facilities, which adds a high-margin revenue stream and supports sustainability goals [4] Group 3: Peer Comparison - Green Plains Inc. is facing sales volatility due to fluctuating ethanol prices and is diversifying towards higher-margin protein and renewable ingredients, which may improve stability in the long term [5] - Gevo, Inc. is generating modest sales as it develops renewable fuel projects, with expectations for growth as projects reach commercialization [6] Group 4: Financial Performance - Alto Ingredients' stock has increased by 65% over the past year, outperforming the industry [9] - The stock is currently overvalued with a price-to-earnings multiple of 17.94, higher than the industry average of 16.89 [11] - The Zacks Consensus Estimate for Alto's fourth-quarter 2025 EPS has remained unchanged, with projections indicating year-over-year increases in revenues and earnings for 2026 [13][14]

Core Insights - Alto Ingredients (ALTO) is the leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients in the U.S., but it remains unprofitable due to its sensitivity to ethanol price fluctuations, corn input costs, and demand from fuel blenders and industrial markets [1][8] Financial Performance - ALTO has experienced revenue contraction as it has idled or exited underperforming facilities and low-margin contracts to preserve liquidity and stabilize profitability [2] - The company has incurred high debt levels leading to increased interest expenses, asset impairment charges, and acquisition-related costs, contributing to ongoing losses since 2022 [2] Strategic Initiatives - ALTO's turnaround strategy includes streamlining its cost structure, exiting unprofitable activities, and prioritizing capital investments with near-term visibility [3] - The company aims to lower carbon intensity scores to benefit from the federal Section 45Z clean fuel tax credit program, potentially providing up to $18 million in incremental gross benefit during 2025–2026 if carbon reduction targets are met [3][8] - ALTO is expanding carbon dioxide capture and utilization at its Pekin and Columbia facilities, which will add a higher-margin revenue stream and support sustainability goals [4] Industry Comparison - Green Plains Inc. (GPRE) is also facing uneven profitability but is reshaping its business mix towards higher-margin protein and renewable ingredients, which may improve stability in the long term [5] - Gevo, Inc. (GEVO) remains unprofitable due to investments in sustainable aviation fuel and renewable hydrocarbons, with profitability dependent on securing offtake agreements and project financing [6] Stock Performance - ALTO's stock has gained 45.3% over the past year, outperforming the industry [7] - The stock is currently overvalued with a price-to-earnings multiple of 17, higher than the industry average of 16.9 [10] Earnings Estimates - The Zacks Consensus Estimate for ALTO's fourth-quarter 2025 EPS has not changed in the last 30 days, with estimates for 2025 and 2026 earnings also remaining stable [11]

Core Insights - Alto Ingredients (ALTO) has faced a consistent decline in sales due to lower average sales prices per gallon and reduced volumes of essential ingredients sold, influenced by weak oil and gasoline prices [1][8] - The company is implementing a turnaround strategy by diversifying into higher-value specialty alcohols and essential ingredients, aiming to reduce earnings volatility and dependence on fuel ethanol pricing [3][8] Sales Performance - ALTO's revenues are highly sensitive to ethanol price movements, corn input costs, and demand from fuel blenders and industrial end markets, with sales declines noted across all major segments [2] - The company has idled or exited underperforming facilities and low-margin contracts to preserve liquidity and stabilize profitability, resulting in revenue contraction [2] Strategic Initiatives - ALTO is expanding carbon dioxide capture and utilization at its facilities, monetizing fermentation-derived CO2 to create a higher-margin revenue stream aligned with sustainability initiatives [3] - The company continues to streamline its cost structure and prioritize capital investments with near-term visibility, although sales are expected to decline in 2025 [4] Peer Comparison - Green Plains Inc. (GPRE) is also experiencing uneven sales due to fluctuating ethanol prices and is reshaping its business mix toward higher-margin products [5] - Gevo, Inc. (GEVO) is generating modest sales as it advances renewable fuel projects, with expectations for sales growth as projects reach commercialization [6] Stock Performance - ALTO's stock has gained 45.4% over the past year, outperforming the industry and the S&P 500 composite [7] - The stock is currently trading at a price-to-earnings multiple of 16.63, which is higher than the industry average of 15.95, indicating an expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for ALTO's fourth-quarter 2025 EPS has not changed in the last 30 days, with expectations for a year-over-year decrease in revenues for 2025 and an increase for 2026 [11][12]

Core Insights - Alto Ingredients (ALTO) has seen a 45.4% increase in share price over the past year, outperforming its industry and the S&P 500 composite [1][9] - The company is transitioning from traditional ethanol production to a focus on specialty alcohols and essential ingredients, aiming to diversify its revenue streams and improve margins [10][11] Stock Performance - ALTO stock has surpassed its 50-day and 200-day simple moving averages, indicating a bullish trend [2] - Compared to peers, Green Plains Inc. (GPRE) has gained 2.4% while Gevo, Inc. (GEVO) has lost 24% in the same timeframe [5] Valuation - ALTO is currently trading at a price-to-earnings multiple of 16.63, which is above the industry average of 15.95 and significantly higher than the three-year median of 5.56 [6] - While ALTO is relatively cheaper than Green Plains, it is more expensive compared to Gevo [7] Strategic Initiatives - The company is broadening its product portfolio to include specialty alcohols and ingredients for various applications, aiming to reduce reliance on volatile ethanol pricing [11] - ALTO is focusing on lowering carbon intensity scores to benefit from the federal Section 45Z clean fuel tax credit program, potentially providing up to $18 million in incremental gross benefit during 2025-2026 [12] - Expansion of carbon dioxide capture and utilization at its facilities is underway, adding a higher-margin revenue stream [13] - Operational discipline is emphasized, with efforts to streamline costs and focus on projects with clear returns [14] Financial Outlook - The Zacks Consensus Estimate for 2026 revenues indicates a 10.5% year-over-year increase, while earnings are expected to rise by 200.6% year-over-year [16] - The consensus estimate for 2026 earnings has remained stable over the past 30 days [17] Analyst Sentiment - Despite positive strategic initiatives, there are concerns regarding the stock's premium valuation and ongoing execution risks, leading to a cautious outlook [20]