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Interior Secretary Doug Burgum on oil prices
CNBC Television· 2025-07-07 22:15
Well, I think one of the things that we know is that one of the huge costs of developing uh energy on federal lands in particular was all the regulation whether it was environmental species act uh whe whether it was NEPA which is being reform reformed uh getting all the permitting done on federal land it discouraged capital investment we know that uh even some of the studies that have been done in the perian uh by companies like Morgan Stanley have showed that if you've got a private lease you might be four ...
Black Hills (BKH) Earnings Call Presentation
2025-07-02 11:28
Financial Performance & Growth - Black Hills Corp achieved a solid financial position with a long-term EPS growth target of 4% to 6% off the 2023 base of $3.75 per share[9] - The company targets a 55%-65% dividend payout ratio and has increased its annual dividend for 55 consecutive years[9] - The company is delivering on 2025 earnings guidance, which represents ~5% year-over-year growth, achieving 4%-6% CAGR off 2023 base[11] Capital Investment & Infrastructure - Black Hills Corp has a five-year capital forecast of $4.7 billion for 2025-2029, a 10% increase from the prior five-year plan[11] - The company's capital investment plan includes $2.4 billion for electric utilities and $2.1 billion for gas utilities[93] - The company is undertaking the Ready Wyoming Electric Transmission Initiative, a 260-mile expansion project costing $350 million[33] Data Center & Customer Growth - Black Hills Corp announced 1 GW of data center demand from existing customers, with ~500 MW in the current plan requiring minimal capital[11] - The company expects data center EPS contribution to more than double to 10%+ by 2028[17] - The company's customer count growth is more than double the population growth, with a customer count CAGR of 1.1% from 2019-2024[20, 23] Regulatory & Sustainability - The company is actively executing three to four rate reviews per year, including a filed rate review for Kansas Gas requesting recovery of $17.2 million[11, 18] - Black Hills Corp is committed to reducing GHG emissions intensity 40% by 2030 and 70% by 2040 for electric utilities (2005 baseline)[110] - The company targets Net Zero GHG emissions by 2035 for the natural gas distribution system[110]
Why Southwest Gas Stock Deserves a Spot in Your Portfolio for Now
ZACKS· 2025-06-23 14:41
Key Takeaways SWX's EPS estimate for 2025 rose 5.1% to $3.72, with long-term growth projected at 9.9%. Southwest Gas plans $4.3B in capital investments from 2025-2029 to support expansion and upgrades. SWX added 40,000 new meter sets in 12 months, with 1.4% annual customer growth expected through 2029.Southwest Gas (SWX) focuses on consistent investments to strengthen its infrastructure, which has played a critical role in expanding the company's operations. Southwest Gas is also gaining from consistent c ...
Hess Outperforms Industry in 6 Months: Should You Buy the Stock?
ZACKS· 2025-06-18 16:15
Core Insights - Hess Corporation (HES) shares have increased by 13% over the past six months, outperforming the oil-energy sector and the Zacks S&P 500 composite, which grew by 4.7% and 1.5% respectively. The company's market capitalization stands at $44 billion [1] - The company is currently trading above its 50-day simple moving average (SMA), indicating a bullish trend [2] - Hess's disciplined cost control has led to a 6.4% sequential increase in upstream income to $563 million, despite weaker oil prices and volumes [5][8] - The Yellowtail project in Guyana is on track for startup in Q3 2025, with an expected initial production capacity of 250,000 barrels of oil per day [7] - The average price target for Hess shares is $160.97, suggesting a potential upside of 13.56% from the last closing price [11] Financial Performance - Adjusted net income for Hess's exploration and production (E&P) segment rose 6.4% sequentially to $563 million in Q1 2025, despite lower oil prices and reduced sales volumes [8] - Cash operating costs were reported at $12.27 per barrel of oil equivalent (Boe), and depreciation, depletion, and amortization (DD&A) costs were $13.25/Boe, both within manageable ranges [9] - Capital and exploratory expenditure increased to $1.09 billion in Q1 2025 from $927 million a year earlier, with over half directed towards high-return projects in Guyana [10] Strategic Focus - Hess's investment strategy emphasizes high-return assets, particularly in offshore Guyana, with major developments like Uaru, Yellowtail, and Whiptail expected to drive long-term production and cash flow growth [10] - The company has a strong earnings surprise history, surpassing earnings estimates in the last four quarters with an average surprise of 9.58% [14]
Spotify's Daniel Ek leads $694 million investment in defense startup Helsing
CNBC· 2025-06-17 12:41
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding.The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing.Existing investors Lightspeed Venture Partners, Accel, Plural, Gene ...
Is Amazon Paying $4 Billion to Break Up With UPS?
The Motley Fool· 2025-06-06 09:07
Amazon (AMZN 0.26%) is an online retail powerhouse, selling and delivering its own products and acting as a middleman for other retailers. The company's delivery trucks are ubiquitous in some areas of the country. But it has even bigger aspirations when it comes to getting products to customers.So why did United Parcel Service (UPS -1.85%) decide to stop handling as many Amazon deliveries? The Amazon and UPS breakupAs with any good breakup drama, the story between Amazon and UPS, as United Parcel Service is ...
FirstEnergy Holds 2025 Annual Meeting
Prnewswire· 2025-05-21 13:48
Board Chair, President and CEO Brian X. Tierney highlights company's progressPreliminary voting results announcedAKRON, Ohio, May 21, 2025 /PRNewswire/ -- In his address at the FirstEnergy Corp. (NYSE: FE) 2025 Annual Meeting of Shareholders today, Board Chair, President and Chief Executive Officer Brian X. Tierney said FirstEnergy has made significant progress toward its goal of becoming a premier electric company."This is a new FirstEnergy – optimized for performance, growth and financial strength, to del ...
Chesapeake Utilities(CPK) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:02
Chesapeake Utilities (CPK) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Lucia Dempsey - Head of Investor Relations (IR)Jeffrey Householder - President, CEO & ChairmanJames Moriarty - Executive VP, General Counsel, Corporate Secretary and Chief Policy & Risk OfficerBeth Cooper - Executive VP, CFO, Treasurer & Assistant Corporate SecretaryChris Ellinghaus - Managing DirectorPaul Fremont - Managing Director Conference Call Participants Tate Sullivan - Senior Research AnalystNone - Analys ...
Chesapeake Utilities(CPK) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:00
Chesapeake Utilities (CPK) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Welcome to Chesapeake Utilities Corporation's First Quarter twenty twenty five Earnings Conference Call. I would now like to turn the call over to Lucia Dempsey, Head of Investor Relations. Speaker1 Thank you, and good morning, everyone. Today's presentation can be accessed on our website under the Investors page and Events and Presentations subsection. After our prepared remarks, we will open up the call for questions. On Sl ...