Financial Data and Key Metrics Changes - For Q1 2025, the company reported GAAP net income of $100 million or $0.91 per diluted share, compared to $109 million or $1.08 per diluted share in Q1 2024 [8] - Non-GAAP net income for Q1 2025 was $123 million or $1.21 per share [9] - Total load growth was 4.6%, with industrial load growth at 16.4% compared to the same quarter last year [9][24] Business Line Data and Key Metrics Changes - Residential load decreased by 0.8% quarter over quarter, while residential customer count increased by 1.6% [25] - Commercial load remained relatively flat with a slight increase of 0.8% [25] - Industrial load increased by 16.4% on both nominal and weather-adjusted bases, driven by data centers and semiconductor customers [26] Market Data and Key Metrics Changes - The company serves five large semiconductor customers and over ten significant data center providers, which account for nearly a quarter of total deliveries [10] - The company reaffirmed its 2025 weather-adjusted load growth guidance of 2.5% to 3.5% and long-term load growth guidance of 3% through 2029 [27] Company Strategy and Development Direction - The company is focused on building a reliable, affordable, and increasingly clean grid, aligning with the clean energy goals of its customers [12] - A commitment to wildfire risk management includes a planned expenditure of over $120 million in 2025 for wildfire mitigation [16] - The company is pursuing updates to its corporate structure to enable a holding company, which is common in the industry and will provide increased financing flexibility [22][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the industrial base, particularly in semiconductors and data centers, despite potential economic headwinds [58] - The company is actively monitoring the evolving federal policy landscape, including tariffs and tax policies, which may impact capital plans [33] - Management reaffirmed the 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and long-term earnings and dividend growth guidance of 5% to 7% [38] Other Important Information - Total liquidity as of March was $948 million, with credit ratings remaining unchanged [34] - The company executed $310 million of first mortgage bonds in March and anticipates up to $140 million more in debt financing later this year [34] Q&A Session Summary Question: Wildfire Mitigation Progress - Management highlighted the extensive wildfire mitigation plans and increased vegetation management efforts, noting that discussions with legislators have been productive [43][45] Question: Capital Expenditure and Growth Confidence - Management remains confident in growth despite potential economic slowdowns, emphasizing the importance of cost recovery and competitive returns for investors [46][49] Question: RFP Timing and Updates - Management is pleased with the progress of negotiations for the 2023 RFP and expects to finalize contracts in the second half of the year [52] Question: Industrial Sales Growth and Capital Reallocation - Management is closely monitoring the semiconductor market and has seen moderating inflation in costs, which may impact capital projects [58][60] Question: Tax Credit Monetization - The current financing plan accounts for limited monetization of tax credits, primarily related to the seaside project [61][63] Question: RFP Resource Pivot - Management does not see a need to pivot resources from the 2023 RFP to the 2025 RFP at this time, as the current process is adaptable [67][68] Question: Data Center Customer Structure - Management is actively working on legislation to ensure data center customers contribute fairly to infrastructure costs, which is crucial for system reliability [73][75] Question: Holding Company Structure - The establishment of a holding company is expected to provide flexibility in financing and managing costs, with further clarity anticipated in the coming year [91][94]

PPL Corporation (PPL) is expected to report an improvement in its top line and a decline in its bottom line when it reports first-quarter 2025 results on April 30, before market open. (See the Zacks Earnings Calendar to stay ahead of market-making news)The Zacks Consensus Estimate for PPL’s first-quarter revenues is pegged at $2.38 billion, indicating growth of 3.4% from the year-ago reported figure.The Zacks Consensus Estimate for earnings is pegged at 55 cents per share. The Zacks Consensus Estimate for P ...

Pinnacle West Capital Corporation (PNW) is scheduled to release first-quarter 2025 results on May 1, before market open. The company delivered an earnings surprise of 60% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Major Factors That Might Have Impacted PNW's Q1 PerformancePinnacle West Capital’s top-line performance is expected to have continued to benefit from ...

Economic Impact - U.S. stock markets are experiencing extreme volatility due to the "Liberation Day" tariffs imposed by the Trump administration, with a baseline tariff of 10% on all imports and rates as high as 145% for certain countries like China [1] - Economists express concerns about the tariffs' impact on U.S. economic growth and inflation, with fears of a near-term recession [2] - Ongoing negotiations between the U.S. and other countries, including China, have not yielded positive results [3] Company Analysis PG&E Corp. (PCG) - Engaged in the sale and delivery of electricity and natural gas in California, with a capital expenditure plan of $63 billion for infrastructure from 2024 to 2028 [8][9] - Expected revenue and earnings growth rates of 7.4% and 10.3% for the current year, with a Zacks Consensus Estimate for earnings improving by 0.7% in the last 60 days [10] - Average short-term price target indicates a potential increase of 17.5% from the last closing price of $17.39, with a maximum upside of 32.6% [11] Comfort Systems USA Inc. (FIX) - A national provider of HVAC services, with expected revenue and earnings growth rates of 7.4% and 22.4% for the current year [12][14] - The Zacks Consensus Estimate for earnings has improved by 6% in the last 60 days, with an average short-term price target suggesting a 42.7% increase from the last closing price of $376.21 [14] DXP Enterprises Inc. (DXPE) - A distributor providing innovative solutions to industrial customers, with expected revenue and earnings growth rates of 0.1% and 17.1% for the current year [15][16] - The Zacks Consensus Estimate for earnings has improved by 22.5% in the last 30 days, with an average short-term price target indicating a 17.4% increase from the last closing price of $85 [17] The Progressive Corp. (PGR) - Gaining from higher premiums and a strong product portfolio, with expected revenue and earnings growth rates of 16.5% and 11.7% for the current year [18][19] - The Zacks Consensus Estimate for earnings has improved by 0.8% over the last seven days, with an average short-term price target suggesting a 12.6% increase from the last closing price of $265.19 [20] GE Aerospace - Witnessing strength due to robust demand for commercial engines and rising defense budgets, with expected revenue and earnings growth rates of -6.8% and 17.8% for the current year [22][24] - Received orders for over 4,600 engines in the second half of 2024, with an average short-term price target indicating a 17.2% increase from the last closing price of $197.41 [25]

Core Insights - Portland General Electric Company (PGE) reported a net income of $100 million, or $0.91 per diluted share, for Q1 2025, a decrease from $109 million, or $1.08 per diluted share, in Q1 2024 [1] - The company is focusing on key priorities such as managing customer demand, wildfire policy engagement, and operational streamlining to ensure solid results and cost management in 2025 and beyond [2] Financial Performance - Total revenues for Q1 2025 were $928 million, slightly down from $929 million in Q1 2024, with growth driven by semiconductor manufacturing and technology infrastructure customers [2][27] - Operating expenses decreased to $760 million in Q1 2025 from $767 million in Q1 2024, primarily due to lower purchased power and fuel costs [23] - The company reaffirmed its adjusted earnings guidance for full-year 2025 at $3.13 to $3.33 per diluted share, supported by strong energy demand and a 4.6% quarter-over-quarter load growth [6] Operational Highlights - PGE's battery storage projects, including Constable, Sundial, and Coffee Creek, achieved a combined capacity of 292 MW, with an additional 200 MW Seaside battery expected to be operational by mid-2025 [3] - The company reported a 45% share of non-emitting resources in its energy mix for 2024, reflecting a 7% compounded growth rate since 2020 [4] Dividend and Shareholder Information - The board of directors approved a quarterly common stock dividend of $0.525 per share, payable on or before July 15, 2025 [5] Customer and Market Trends - PGE's retail energy deliveries increased to 5,828 MWh in Q1 2025, up from 5,573 MWh in Q1 2024, with notable growth in residential and industrial sectors [27] - The average number of retail customers rose to 952,105 in Q1 2025, compared to 937,826 in Q1 2024, indicating a growing customer base [27] Environmental and Social Governance - PGE's 2024 Environmental, Social and Governance Report highlighted significant customer participation in clean energy programs and record fish returns at hydro facilities [4]

Core Insights - The article emphasizes the importance of generating extra dividend income, especially in the current economic climate with rising costs. It suggests that certain stocks can provide stable and robust returns despite market uncertainties. Group 1: Verizon Communications - Verizon offers a high dividend yield of 6.2%, significantly above the S&P 500 average of 1.5%, making it an attractive investment for dividend seekers [3][4] - The company reported nearly $19 billion in free cash flow last year, which comfortably covered its $11.2 billion dividend payout, indicating strong financial health [4] - Verizon's stock has appreciated by 11% over the past year, and its low beta suggests stability, making it a solid long-term investment for income-focused investors [5] Group 2: Toronto-Dominion Bank - Toronto-Dominion Bank provides a dividend yield of 5%, translating to $800 in annual dividends from a $16,000 investment, appealing primarily to dividend investors [6] - The bank faces growth limitations in the U.S. market due to a $3 billion fine related to money laundering violations, impacting its near-term earnings [7] - Despite challenges, TD Bank has a long history of dividend payments since 1857 and remains a stable investment option, with its stock rising by 7% in the past year [8] Group 3: Dominion Energy - Dominion Energy offers a dividend yield of around 5%, also generating $800 in annual dividends from a $16,000 investment, contributing to a total of $2,600 in annual dividends from the three stocks [9] - The utility company reported $14.5 billion in operating revenue last year, showing slight growth from the previous year, and maintains a stable income stream from its essential services [10] - Despite some impairment charges, Dominion's operating income was $3.2 billion, representing 22% of its revenue, highlighting its high-margin business model and stability [11]

CenterPoint Energy, Inc. (NYSE:CNP) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Constantine Lednev - Guggenheim Securities Nicholas Campanella - Barclays Durgesh Chopra - Evercore ISI Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Jefferies Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Andrew Weisel - Scotiabank Operator Good morn ...

Financial Data and Key Metrics Changes - Core earnings per share for Q1 2025 are $0.33, down $0.04 compared to Q1 2024, with a reaffirmation of full-year guidance of $1.48 to $1.52, representing a 10% increase from 2024 results [6][29][30] - The return on equity (ROE) decreased from 10.7% in 2024 to 10.28% in 2025, impacting earnings [30][32] - The company expects to deliver its 2025 plan despite lower ROE and equity dilution from a December equity issuance [30][31] Business Line Data and Key Metrics Changes - The capital investment plan remains at $63 billion through 2028, with an additional estimated $5 billion in investment needs identified [34][36] - Operational and maintenance (O&M) savings exceeded $500 million in 2023 and nearly $350 million in 2024, contributing to improved financial performance [41][42] Market Data and Key Metrics Changes - The data center project pipeline has increased from 5.5 gigawatts to 8.7 gigawatts, with 1.4 gigawatts in final engineering [17][18] - For every gigawatt of new electric demand from data centers, customers may save between 1% to 2% on their electricity bill [20] Company Strategy and Development Direction - The company is focused on affordability, with bills forecasted to decrease in 2025 and again in 2026 [8][50] - The upcoming general rate case (GRC) filing on May 15 aims to reflect the simple affordable model and address infrastructure demands [12][62] - The company is advocating for legislative changes to improve the AB 1054 framework, which is crucial for attracting low-cost capital [9][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a constructive legislative outcome regarding AB 1054, emphasizing its importance for customer affordability and capital attraction [58][60] - The company is optimistic about the potential for beneficial load growth from data centers to help stabilize and reduce customer bills [20][112] Other Important Information - The company has achieved 814 days without a workplace fatality, marking a significant improvement in safety culture [26][27] - The utility issuer credit rating was upgraded to investment grade by Moody's, with ongoing efforts to achieve investment grade at the holding company level [36][154] Q&A Session Summary Question: Can you expand on the confidence regarding AB 1054 legislative outcomes? - Management highlighted the importance of AB 1054 for customer affordability and capital attraction, expressing confidence in a constructive outcome this year [58][60] Question: What differentiates your upcoming GRC from peers? - The GRC proposal will reflect a simple affordable model, focusing on infrastructure demands and improved O&M ratios to lower costs for customers [62][64] Question: How should we think about the $5 billion upside CapEx in the context of the upcoming filing? - The $5 billion is part of the capital plan, with potential for additional investments based on affordability and customer needs [73][76] Question: Can you provide an update on the data center pipeline? - Management expects 90% of the 1.4 gigawatts in final engineering to be built by 2030, with significant demand for compute power in Northern California [80][112] Question: What is the status of conversations with rating agencies regarding investment grade? - The company remains focused on maintaining a strong balance sheet and is optimistic that addressing AB 1054 uncertainty will lead to favorable actions from rating agencies [154][155]

FIRST QUARTER 2025 EARNINGS REPORT PRESENTATION April 24, 2025 © 2025 Xcel Energy 1 Safe Harbor Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2025 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated b ...

FIRST QUARTER 2025 INVESTOR UPDATE Cautionary Statement and Other Disclaimer This presentation and the oral statements made in connection herewith contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this presentation and the oral statements made in connection herewith are forward-looking statements made in good faith by CenterPoint Energ ...