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CenterPoint Energy Q1 Earnings Miss Estimates, Revenues Improve Y/Y
ZACKS· 2025-04-24 16:40
CenterPoint Energy, Inc. (CNP) reported first-quarter 2025 adjusted earnings of 53 cents per share, which lagged the Zacks Consensus Estimate of 55 cents by 3.6%. The bottom line also missed the year-ago quarter’s figure of 55 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The year-over-year decline can be attributed to the unfavorable timing of recoveries from interim capital mechanisms, and partly due to dilution of common equity issuances.The company’s GAAP earnings were ...
PG&E (PCG) - 2025 Q1 - Earnings Call Presentation
2025-04-24 16:25
Financial Performance & Guidance - The company is on track to meet its 2025 core EPS guidance, projecting a 10% increase[6,8] - The company reaffirms its core EPS guidance for 2026-2028, targeting at least 9% growth[6,8] - The first quarter 2025 non-GAAP core EPS was $0.33, compared to $0.37 in the first quarter of 2024[6,91] - The company targets a 20% dividend payout by 2028[8] - The 2025 non-GAAP core EPS guidance is between $1.48 and $1.52[6,28] Capital Investment & Rate Base - The company anticipates approximately 10% CAGR for rate base growth from 2023 to 2028[29] - The weighted average rate base is projected to be $63 billion from 2024 to 2028[29,30] - The company has at least $5 billion in customer beneficial investment opportunities[29] Operational Efficiency & Cost Reduction - The company aims for a 2% reduction in non-fuel O&M costs[12,37,41] - The company has a track record of exceeding the 2% annual O&M cost reduction target[38] - Net savings from O&M cost reductions are projected to be $200 million in 2025[37] Wildfire Mitigation & Safety - The company has completed 2,061 system hardening miles and 899 undergrounding miles[25] - The company has installed 1,585 sectionalizing devices and removed 4 million trees[25] - The company has installed 643 cameras and 1,589 weather stations for situational awareness[25] Data Center Load Growth - The company has a data center pipeline totaling 8,700 MW as of March 2025[15,45] - 1,400 MW of data center projects are in the final engineering phase[15,16] - The company estimates that 1 GW of data center load can lead to a 1%-2% electric bill reduction[15]
Xcel Energy Misses Q1 Earnings and Revenue Estimates, to Invest $45B
ZACKS· 2025-04-24 15:55
Core Viewpoint - Xcel Energy Inc. reported a decline in first-quarter 2025 operating earnings, missing consensus estimates due to increased operational costs and expenses [1][5]. Financial Performance - Operating earnings for Q1 2025 were 84 cents per share, down 4.5% from 88 cents in the same quarter last year [1][2]. - Total revenues reached $3.9 billion, slightly missing the consensus estimate of $3.92 billion but showing a 7.1% increase from $3.65 billion year-over-year [3]. - Operating income decreased by 2.9% year-over-year to $677 million [5]. Segment Performance - Electric segment revenues were $2.83 billion, up 5.6% from $2.68 billion in the prior year [4]. - Natural gas segment revenues increased by 12.1% to $1.05 billion from $0.94 billion year-over-year [4]. - Other revenues fell to $16 million from $23 million in the previous year [4]. Expense Analysis - Total operating expenses rose by 8.7% year-over-year to $3.23 billion, driven by higher electric fuel and purchased power costs, as well as increased operating and maintenance expenses [5]. - Interest charges and financing costs increased by 11.6% from $277 million to $309 million [6]. Customer Volume and Sales - Electric customer volume grew by 1.1%, while natural gas customer volume increased by 0.9% [6]. - Natural gas sales rose by 0.5%, and electric sales volume increased by 1.9% compared to the previous year [6]. Guidance and Future Outlook - Xcel Energy reaffirmed its 2025 earnings per share guidance in the range of $3.75-$3.85, with the consensus estimate at $3.81 [7]. - Retail electric sales are expected to increase by 3% in 2025, while natural gas sales volumes are anticipated to rise by 1% [7]. - The company plans to invest $45 billion from 2025 to 2029 to enhance its infrastructure [7]. Zacks Rank - Xcel Energy currently holds a Zacks Rank of 4 (Sell) [8].
Ameren (AEE) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-24 15:07
Ameren (AEE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. On the oth ...
Xcel (XEL) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-24 14:36
Core Viewpoint - Xcel Energy reported a revenue of $3.91 billion for Q1 2025, reflecting a 7% year-over-year increase, but fell short of the Zacks Consensus Estimate by 0.43% [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.84, down from $0.88 a year ago, representing a surprise of -9.68% against the consensus estimate of $0.93 [1] - Operating revenues from electric and natural gas totaled $3.89 billion, slightly below the average estimate of $3.91 billion, with a year-over-year increase of 7.3% [4] - Operating revenues from natural gas reached $1.06 billion, exceeding the estimated $921.31 million, marking a 12.1% increase year-over-year [4] - Operating revenues from electric were reported at $2.84 billion, lower than the average estimate of $2.99 billion, with a year-over-year change of 5.6% [4] - Other operating revenues were reported at $16 million, significantly better than the estimated -$60.80 million, but showed a year-over-year decline of 30.4% [4] Stock Performance - Xcel shares have returned +3.8% over the past month, contrasting with a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
FirstEnergy(FE) - 2025 Q1 - Earnings Call Presentation
2025-04-24 14:27
Focused on Our Future 1Q 2025 Strategic & Financial Highlights Published April 23, 2025 Forward-Looking Statements Forward-Looking Statements: This presentation includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to "we," "us," "our" and "FirstEnergy" refers to FirstEnergy Corp. and its subsidiaries. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance ...
FirstEnergy Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2025-04-24 12:30
FirstEnergy (FE) reported first-quarter 2025 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 60 cents by 11.7%. The bottom line also increased 36.7% from the year-ago quarter’s figure of 49 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news)The year-over-year increase in earnings was due to the impact of new base rates in Pennsylvania, West Virginia and New Jersey, growth in rate base under formula rate programs, lower financing costs and normal ...
NextEra Energy's Q1 Earnings Beat Estimates, Revenues Miss
ZACKS· 2025-04-23 16:30
Core Viewpoint - NextEra Energy, Inc. (NEE) reported strong first-quarter 2025 adjusted earnings, exceeding expectations, driven by solid operational performance across its segments [1][3]. Financial Performance - Adjusted earnings per share for Q1 2025 were 99 cents, beating the Zacks Consensus Estimate of 97 cents by 2.1% and reflecting an 8.8% year-over-year increase [1]. - GAAP earnings per share for the same period were 40 cents, down from $1.1 in the previous year [2]. - Total operating revenues for Q1 2025 were $6.24 billion, which was 14.9% below the Zacks Consensus Estimate of $7.34 billion, but represented a 9% year-over-year improvement [3]. Segment Results - Florida Power & Light Company (FPL) generated revenues of approximately $3.99 billion, a 4.25% increase from $3.83 billion in the prior year, with earnings of 64 cents per share compared to 57 cents [4]. - NextEra Energy Resources reported revenues of $2.16 billion, up 16% from $1.86 billion year-over-year, with earnings of 44 cents per share compared to 40 cents [4]. - Corporate and Other segment revenues were $87 million, significantly higher than $33 million in the previous year, but the operating loss widened to 9 cents per share from a loss of 6 cents [5]. Strategic Initiatives - FPL added 894 megawatts (MW) of new solar capacity in Q1 2025, increasing its total solar portfolio to over 7.9 gigawatts (GW) [6]. - FPL's Ten-Year Site Plan anticipates a need for over 17 GW of solar generation and more than 7.6 GW of battery storage by 2034, aiming to increase solar energy's contribution to total generation from 9% in 2024 to 35% by 2034, with planned investments of nearly $50 billion from 2025-2029 [7]. - NextEra Energy Resources expanded its contracted renewables backlog by adding nearly 3.2 GW of renewable projects, bringing the total backlog to over 28 GW [8]. Financial Update - As of March 31, 2025, NEE had cash and cash equivalents of approximately $2.41 billion, up from $1.49 billion at the end of 2024 [9]. - Long-term debt increased to $79.8 billion from $72.4 billion over the same period [9]. - Cash flow from operating activities in Q1 2025 was $2.76 billion, down from $3.07 billion in Q1 2024 [9]. Guidance - NEE reaffirmed its 2025 earnings guidance, expecting earnings per share in the range of $3.45-$3.70, with a midpoint of $3.575, which is lower than the Zacks Consensus Estimate of $3.68 [10]. - For 2026 and 2027, adjusted earnings per share are expected to be in the range of $3.63 to $4.00 and $3.85 to $4.32, respectively, with anticipated earnings growth of approximately 6-8% through at least 2027 [10][11].
NextEra Energy first-quarter 2025 financial results available on company's website
Prnewswire· 2025-04-23 11:30
Core Insights - NextEra Energy, Inc. has released its first-quarter 2025 financial results, which are available on the company's website [1] - The company's senior management will discuss these financial results in a live webcast presentation [2] - NextEra Energy is a leading electric power and energy infrastructure company in North America, providing electricity to approximately 12 million people in Florida through its subsidiary, Florida Power & Light Company [3] Company Overview - NextEra Energy, Inc. is headquartered in Juno Beach, Florida, and is a Fortune 200 company [3] - The company owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC [3] - NextEra Energy utilizes a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage to meet America's growing energy needs [3]
Edenor Informs the Market that on April 22nd, 2025, it has Filed its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2024
Prnewswire· 2025-04-22 21:26
BUENOS AIRES, Argentina, April 22, 2025 /PRNewswire/ -- Empresa Distribuidora y Comercializadora Norte S.A. ("edenor" or the "Company"; BYMA/NYSE: EDN), the largest electricity distribution company in Argentina, announces that on April 22nd, 2025, it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 (the '2024 Annual Report') before the U.S. Securities and Exchange Commission (the 'SEC'). The 2024 Annual Report can be accessed by visiting either the SEC's website at www.se ...