The world is facing an alarming surge in forest fires. Between 2001 and 2023, the amount of tree cover the world lost each year due to fires rose dramatically. But new AI supported technology could help slow some blazes.In March, Farsat, a nonprofit collaboration of corporations, wildfire authorities, and others, launched the first of some 50 planned firefighting satellites. They all make up an AI enhanced network designed to cover the globe and detect flames before they spread beyond a 5x 5 m square area i ...

Tips to Help Families Stay Safe and Ready During Wildfire Awareness MonthLOS ANGELES, May 9, 2025 /PRNewswire/ -- In recognition of Wildfire Awareness Month, Mercury Insurance is sharing timely, practical guidance to help families prepare for potential evacuations. From building a go-bag to making a communication plan, these simple steps can help you act swiftly and decisively in the face of danger. "Preparing for a wildfire evacuation involves several critical actions, and starting early is one of the best ...

Bridger Aerospace Group (BAER) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Greetings, and welcome to Breacher Aerospace First Quarter Fiscal twenty twenty five Investor Conference Call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Eric Jarrett, chief financial officer. Thank you. Mister Jarrett, you may begin. Speaker1 Good afternoon, and thank you for joining us today. Joining me on the call this afternoon is chief executive Officer, Sam Davis and ...

MDU Resources Group (MDU) Q1 2025 Earnings Call May 08, 2025 02:00 PM ET Company Participants Jason Vollmer - CFONicole Kivisto - President & CEOChristopher Ellinghaus - Managing Director Conference Call Participants Brian Russo - AnalystRyan Levine - Analyst Operator my name is Inna, and I will be your conference facilitator. At this time, I would like to welcome everyone to the MDU Resources Group twenty twenty five First Earnings Conference Call. All lines have been placed on mute to prevent any backgrou ...

MDU Resources Group (MDU) Q1 2025 Earnings Call May 08, 2025 02:00 PM ET Speaker0 my name is Inna, and I will be your conference facilitator. At this time, I would like to welcome everyone to the MDU Resources Group twenty twenty five First Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer period. The webcast can be accessed at ww.mdu.com under the Investors heading. Select Events and Presentations a ...

HESPERIA, Calif., May 7, 2025 /PRNewswire/ -- Pacific Gas and Electric Company recently joined elite fire professionals, top state and federal officials, and senior leaders representing philanthropy, insurance providers, and other electric utilities for the first-ever autonomous wildfire suppression demonstration in California. A Sikorsky Black Hawk® helicopter equipped with autonomy systems from Lockheed Martin and Rain tracking and engaging multiple fires across a site, pulling water from dip tanks and ex ...

Avista (AVA) Q1 2025 Earnings Call May 07, 2025 12:30 PM ET Company Participants Stacey Wenz - Investor Relations ManagerHeather Rosentrater - President & CEOKevin Christie - SVP, CFO, Treasurer & Regulatory Affairs OfficerRoss Fowler - Head - North America Power & Utilities Equity ResearchAnthony Crowdell - Managing Director Conference Call Participants Brian Russo - Analyst Operator Ladies and gentlemen, thank you for standing by and welcome to Vista Corporation First Quarter twenty twenty five Earnings C ...

Financial Data and Key Metrics Changes - The consolidated earnings for the first quarter of 2025 were $0.98 per diluted share, an increase from $0.91 in the first quarter of 2024, reflecting an almost 8% improvement in consolidated results [5][6][16] - The company confirmed its earnings guidance for 2025 with a consolidated range of $2.52 to $2.72 per diluted share [21] Business Line Data and Key Metrics Changes - Avista Utilities showed strong performance, contributing to the overall improvement in earnings [6][16] - Capital expenditures at Avista Utilities were $100 million in the first quarter of 2025, with an expected total of $525 million for the year [19][20] Market Data and Key Metrics Changes - The company is actively engaging with potential new large load customers, which could enhance regional grid infrastructure and provide economic benefits [7][8] - The company is monitoring the impact of proposed tariffs by the new administration, which have not materially affected financial results to date [13][15] Company Strategy and Development Direction - The company is focused on infrastructure improvements and safety measures to mitigate wildfire risks, with recent legislation supporting wildfire mitigation plans [9][10][12] - The company plans to release a final RFP for generation bids in May, with bids due in June, indicating a proactive approach to meet future energy needs [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting consolidated earnings targets for 2025 and highlighted the importance of ongoing discussions with large load customers [6][7] - The company anticipates a long-term earnings growth rate of 4% to 6% from a forecast 2025 base year [23] Other Important Information - The company reached a settlement related to the Babb Road Fire, which will not impact earnings due to expected insurance proceeds [12] - The company expects to issue up to $120 million of long-term debt and $80 million of common stock in 2025 [21] Q&A Session Summary Question: Regarding the RFP process and potential cost impacts from IRA changes or tariffs - Management acknowledged the uncertainty and indicated that they would consider refreshing bids if necessary during the RFP process [25][26] Question: On the natural gas needs related to large load customers - Management stated that the specifics would depend on the results of the RFP and ongoing discussions with large load customers [28][29] Question: Thoughts on the wildfire settlement and its precedent - Management clarified that the settlement does not set a precedent for future events, as each situation will be evaluated on its unique facts [32] Question: Impact of biotech trials on the valuation of the unregulated business - Management indicated that while there could be future impacts, it is too early to determine any valuation changes from the ongoing trials [33][34] Question: Changes in forward gas and power markets affecting future power expense recovery - Management explained that there are no expected material differences in 2025 or 2026 until the recovery mechanism is reset [41][42] Question: Managing affordability issues with growth and self-build generation - Management emphasized the integrated resource planning process to balance cost and compliance while engaging with large load customers to help with affordability [45]

Financial Performance - Avista Corp. reported a total net income of $79 million for Q1 2025, an increase from $71 million in Q1 2024, representing a growth of approximately 11.3% [1] - Earnings per diluted share rose to $0.98 in Q1 2025 from $0.91 in Q1 2024, marking an increase of about 7.7% [1] - The electric utility margin increased by $28 million, contributing $0.36 to earnings per share, while the natural gas utility margin added $7 million, contributing $0.09 [2] Segment Performance - Avista Utilities generated a net income of $78 million in Q1 2025, up from $67 million in Q1 2024 [1] - AEL&P maintained a consistent net income of $4 million for both Q1 2025 and Q1 2024 [1] - Other non-reportable segments incurred a loss of $3 million in Q1 2025, compared to no loss in Q1 2024 [1] Legislative and Regulatory Developments - Significant progress was made in wildfire risk mitigation with new bills passed in Washington and Idaho, allowing for the approval of wildfire mitigation plans and the securitization of related costs [1] - The settlement of the Oregon general rate case is viewed as positive, with upcoming discussions for Idaho general rate cases expected to occur later in May 2025 [1] Capital Expenditures - Avista Utilities reported capital expenditures of $100 million in Q1 2025, with expectations of total capital expenditures of approximately $525 million for the year [4][5] - AEL&P's capital expenditures were $3 million in Q1 2025, with an expected total of $15 million for the year [4][5] Liquidity and Financing - As of March 31, 2025, Avista Corp. had $221 million in available liquidity under its committed line of credit and $40 million under its letter of credit facility [3] - The company plans to issue $120 million in long-term debt and up to $80 million in common stock in 2025, including $16 million already issued in Q1 [3] Earnings Guidance - Avista Corp. confirmed its 2025 consolidated earnings guidance, projecting earnings per diluted share in the range of $2.52 to $2.72 [8] - Avista Utilities is expected to contribute between $2.43 and $2.61 per diluted share, while AEL&P is projected to contribute between $0.09 and $0.11 [10]

Financial Data and Key Metrics Changes - The company reported GAAP diluted EPS of $1.25 and non-GAAP diluted EPS of $1.22 for Q1 2025, compared to $1.06 in Q1 2024, reflecting a significant increase in earnings driven by rate recovery and colder weather [6][9][10] - The company affirmed its long-term rate base and earnings per share growth rate targets of 4% to 6% [6][19] Business Line Data and Key Metrics Changes - The Electric and Gas segments contributed strongly to the earnings, with margin improvements driven by new rates and favorable weather conditions [9][10] - New rates contributed $0.20 to margin improvement, while favorable loads added $0.13, resulting in a total margin increase [10][11] Market Data and Key Metrics Changes - The Montana rate review is nearing completion, with a full natural gas settlement and a partial electric settlement reached [7][14] - The average bill impact from the gas case is approximately 9%, maintaining rates below the national average [18] Company Strategy and Development Direction - The company is focusing on opportunities with data centers and new large load opportunities, potentially achieving greater than 6% EPS growth [8] - The company is committed to maintaining a 5% dividend yield and a total growth profile of 9% to 11% over the next five years [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering on earnings and rate-based growth commitments over the long term, despite not providing specific 2025 earnings guidance until the conclusion of the Montana rate review [19][20] - The company expects a lower contribution to overall earnings in Q2 2025 due to the timing of rate implementations [20] Other Important Information - The Montana legislature has passed wildfire and other constructive bills, which are pending the governor's approval, providing significant legal protections for the company [22][24] - The company has successfully priced $500 million of long-term debt to address its financing needs for 2025 [13][14] Q&A Session Summary Question: On the tariff proceeding and data centers - The company is in discussions with multiple parties regarding data centers and expects to finalize contracts with two parties, Atlas and Sabey, by the end of Q2 2025 [40][43][44] Question: EPS guidance for 2025 - Management expects to stay within the 4% to 6% EPS range long-term but acknowledges variability in achieving this target [50] Question: Changes in electric average customer counts - The change in customer counts was due to a new system for counting street lighting districts, with overall customer growth remaining around 1.5% [54][55] Question: Long-term capacity planning - The company is considering natural gas or nuclear as potential replacements for Colstrip, depending on regulatory timelines [64][66] Question: SB301 and approval processes - The 90-day cost prudency review is deemed appropriate, with no overlapping of approval processes expected [68]