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Advisory: Fortis Inc. to Hold Teleconference and Webcast on August 1 to Discuss Second Quarter 2025 Results
Globenewswire· 2025-07-24 20:35
ST. JOHN'S, Newfoundland and Labrador, July 24, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2025 financial results on Friday, August 1, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results. Shareholders, analysts, mem ...
Unitil Schedules Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-22 10:45
Core Points - Unitil Corporation is set to release its second quarter 2025 earnings on August 4, 2025, after market close [1] - A conference call and webcast to discuss the quarterly results will take place on August 5, 2025, at 2:00 p.m. (ET) [1] - Presentation materials related to the earnings will be available on the Company's Investors page prior to the call [1] Company Overview - Unitil Corporation provides electricity and natural gas services in New England, focusing on safe and reliable energy delivery [3] - The company operates in Maine, New Hampshire, and Massachusetts, serving approximately 109,400 electric customers and 97,600 natural gas customers [3] - Unitil is committed to community involvement and the development of efficient energy delivery technologies [3]
Unveiling CenterPoint (CNP) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-07-21 14:21
Wall Street analysts expect CenterPoint Energy (CNP) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $1.94 billion, up 1.8% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 2.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Befor ...
CenterPoint Energy is monitoring a tropical disturbance in the Northeast Gulf and ready to activate its summer storm readiness plan, if needed
Prnewswire· 2025-07-14 21:13
Core Viewpoint - CenterPoint Energy is actively monitoring a tropical disturbance that may impact the Texas Coast, primarily anticipating rain for the Houston area by the end of the week [1][5]. Group 1: Storm Readiness and Monitoring - CenterPoint has a summer storm readiness plan in place and is prepared to take action if the disturbance strengthens [2][3]. - The meteorology team is utilizing technology and data to assess the situation and keep the public informed [3]. - The company has installed over 100 weather monitoring stations to enhance situational awareness and storm preparation [4][7]. Group 2: Actions Taken for Resiliency - Since Hurricane Beryl, CenterPoint has implemented significant resiliency improvements, including installing more than 26,000 stronger poles and undergrounding over 400 miles of power lines [6]. - The company has cleared over 6,000 miles of vegetation near power lines to reduce storm-related outages and installed over 5,150 automated reliability devices [6]. - CenterPoint has donated 21 backup generators to critical facilities and launched a cloud-based Outage Tracker for real-time updates on outages [6][10]. Group 3: Customer Communication and Safety - Customers are encouraged to sign up for the Power Alert Service to receive updates on outages and restoration efforts [5][8]. - The company promotes safety preparedness and provides storm-related safety tips in multiple languages [9]. - CenterPoint's Outage Tracker is designed to handle increased traffic during storms and is accessible in English and Spanish [10]. Group 4: Company Overview - CenterPoint Energy serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11]. - The company has a long history of over 150 years in serving customers and is headquartered in Houston, Texas [11].
Here's Why Holding Southern Company Is Justified for Now
ZACKS· 2025-07-11 13:06
Core Insights - Southern Company (SO) is a significant player in the U.S. utility industry, involved in electricity production, delivery, and infrastructure, serving millions in Georgia, Alabama, and Tennessee with a diverse energy portfolio [1][2] Financial Performance - Southern reported strong first-quarter 2025 earnings with adjusted EPS of $1.23, reflecting a 20% year-over-year increase, and net income of $1.4 billion, driven by higher utility revenues and disciplined cost management [5][9] - The company increased its annual dividend by $0.08 per share, marking its 24th consecutive annual hike and 78 years of uninterrupted payouts, indicating a commitment to shareholder returns [6][20] Growth Drivers - Southern's service territories are experiencing robust economic activity, with over 50 gigawatts (GW) of large-load projects in the pipeline, including significant contracts like Hyundai's Georgia plant, providing visibility into future revenue growth [7][8] - The company benefits from supportive regulatory environments, particularly in Georgia, where new tariff structures for data centers offer pricing certainty and reduce regulatory risk [8][10] Market Performance - Over the past six months, SO's share price has risen by 15.7%, outperforming the broader Utility-Electric Power sub-industry, which gained 13.5%, and the overall Utilities Sector, which returned 13.8% [11] Strategic Focus - Southern is committing significant resources to expand natural gas and renewable energy, along with innovations like microgrids, reflecting its dedication to a sustainable energy framework [2][3] - The company's diversified energy mix and substantial infrastructure position it well for leadership in the transition to cleaner energy sources [2][3] Challenges - Management estimates that tariffs could increase costs by 1-3%, with potential impacts from prolonged trade tensions or new tariffs affecting margins [14] - Execution risks exist within the 50 GW pipeline, as only 10 GW are currently committed, with the remainder subject to permitting and financing [15] - Environmental liabilities, including coal ash cleanup and litigation, pose ongoing financial challenges, with projected costs exceeding $100 million in 2025 [16] - Weather-dependent earnings may introduce volatility, as first-quarter results were positively impacted by colder weather, but broader demand showed signs of softness [17] Conclusion - Southern Company presents compelling investment reasons, including strong earnings growth, a consistent dividend increase, and robust economic development in its service areas, while facing notable headwinds such as tariff pressures and execution risks [20][21]
Ameren Corporation Second Quarter 2025 Earnings Webcast Aug. 1, 2025
Prnewswire· 2025-07-09 12:00
Company Overview - Ameren Corporation serves 2.5 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries Ameren Missouri and Ameren Illinois [3] - Ameren Illinois provides electric transmission and distribution services as well as natural gas distribution services, while Ameren Missouri offers electric generation, transmission, and distribution services along with natural gas distribution [3] - Ameren Transmission Company of Illinois focuses on developing, owning, and operating rate-regulated regional electric transmission projects within the Midcontinent Independent System Operator, Inc. [3] Upcoming Earnings Call - Martin J. Lyons Jr., chairman, president, and CEO, along with Michael L. Moehn, senior executive vice president and CFO, will discuss the second quarter 2025 earnings and guidance during a conference call on August 1 at 9 a.m. Central Time [1] - The call will be available for live streaming on AmerenInvestors.com, with supporting materials posted in the "Investor News and Events" section [2] - A replay of the webcast will be accessible for one year starting approximately one hour after the call concludes [2]
National Grid (NGG) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-06-30 17:01
Core Viewpoint - National Grid (NGG) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on an upward trend in earnings estimates, which significantly influences stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is effective for individual investors as it focuses on earnings estimate revisions, which are strongly correlated with near-term stock price movements [2][3]. - Institutional investors rely on earnings estimates to determine the fair value of stocks, leading to significant price movements based on their buying or selling actions [3]. Business Improvement Indicators - The upgrade in earnings estimates for National Grid suggests an improvement in the company's underlying business, which should encourage investors to drive the stock price higher [4]. - Over the past three months, the Zacks Consensus Estimate for National Grid has increased by 5.6%, reflecting analysts' positive revisions [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - National Grid's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9].
PSE&G's Summer Relief Initiative Protecting Residential Customers from Higher Costs This Summer Moves Forward
Prnewswire· 2025-06-18 19:14
Core Viewpoint - PSE&G has received approval from the New Jersey Board of Public Utilities (BPU) to implement a temporary credit for residential customers to alleviate the impact of rising electric supply prices due to PJM's capacity price auction, as part of its Summer Relief Initiative [1][3][5] Group 1: Immediate Relief Measures - For July and August 2025, PSE&G will provide a credit of $30, including taxes, to each residential electric customer's monthly bill [3] - PSE&G will waive all residential reconnection fees from July 1 to September 30, 2025, as part of the Summer Moratorium [4] - Customers will see a $10 charge on their monthly bills from September 2025 through February 2026 to recover the costs associated with the electricity provided during the summer [3] Group 2: Long-term Solutions - PSE&G emphasizes the need for long-term solutions to address the power supply-demand imbalance in New Jersey, advocating for new energy generation [2][6][7] - The company has been warning about the supply and demand imbalance for several years and stresses the importance of generating energy in-state to reduce costs for residents and businesses [6] Group 3: Customer Support and Assistance - PSE&G collaborates with nonprofits and community organizations to inform customers about energy assistance options, including programs like LIHEAP and SHARES [11] - The company offers additional bill payment tools such as the Equal Payment Plan and Deferred Payment Arrangements to help customers manage costs [12] Group 4: Company Background and Achievements - PSE&G is New Jersey's oldest and largest gas and electric delivery public utility and has received numerous awards for reliability and customer satisfaction [14] - The company has been recognized for its commitment to a clean energy future and has been included in the Dow Jones Sustainability Index for North America for 17 consecutive years [14]
Fortis Inc. Announces Results of Series H First Preference Share and Series I Preference Share Conversions
Globenewswire· 2025-06-02 10:00
Core Points - Fortis Inc. announced the conversion of its Series H and Series I preference shares, with 11,298 Series H Shares converted to Series I Shares and 248,830 Series I Shares converted to Series H Shares [1] - Following the conversions, Fortis has 7,902,614 Series H Shares and 2,097,386 Series I Shares outstanding, both of which will continue to be listed on the Toronto Stock Exchange [1] - The Series H Shares will pay a fixed annual dividend rate of 4.183 percent starting June 1, 2025, while the Series I Shares will pay a floating quarterly dividend based on an annual rate of 4.103 percent for the first period [2][3] Company Overview - Fortis is a leader in the North American regulated electric and gas utility industry, reporting revenue of $12 billion for 2024 and total assets of $75 billion as of March 31, 2025 [5] - The company employs 9,800 individuals and serves utility customers across five Canadian provinces, ten U.S. states, and three Caribbean countries [5] - Fortis shares are publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol FTS [5]
Spring Storm Update: CenterPoint Energy has restored 90% of the 167,000 outages experienced overnight across Greater Houston
Prnewswire· 2025-05-27 23:00
Core Insights - CenterPoint Energy has successfully restored power to approximately 152,000 customers, representing 90% of those affected by the recent severe storm, which featured wind gusts of 60-70 miles per hour [1][7] - The company has activated its Emergency Operations Center in anticipation of further severe weather, deploying additional resources and personnel to expedite power restoration for the remaining customers [2][8] - Safety remains a top priority for the company as it addresses downed power lines and damaged infrastructure, urging customers to maintain a safe distance from hazards [3][8] Company Actions - Over 1,300 personnel have been deployed to assess damage and restore power, including 143 vegetation crews [8] - The company is leveraging its smart grid technology to reroute power on unaffected lines while focusing on assessing the type of damage to the electric system [8] - CenterPoint Energy encourages customers to enroll in its Power Alert Service for real-time updates on outages and restoration efforts [5] Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states, including Indiana, Minnesota, Ohio, and Texas, and is headquartered in Houston [6] - As of March 31, 2025, the company reported approximately $44 billion in assets and has been serving customers for over 150 years [6]