Essential Utilities (WTRG) Q1 2025 Earnings Call May 12, 2025 11:00 AM ET Company Participants Brian Dingerdissen - Vice President of Investor Relations & TreasurerChristopher Franklin - Chairman & CEOMichael Huwar - President of Peoples Natural GasDaniel Schuller - Executive VP & CFODurgesh Chopra - Managing Director Conference Call Participants None - AnalystTravis Miller - AnalystGregg Orrill - AnalystRyan Connors - Senior Managing Director and Research Analyst Operator Thank you for standing by, and wel ...

Financial Data and Key Metrics Changes - The company reported record net income for the first quarter of 2025, with a trailing twelve-month return on equity (ROE) of 8.2% [9][10] - The net income guidance for the full year is reaffirmed at $265 million to $275 million [35] - Operating margin increased by $38.9 million, driven by $27 million of combined rate relief and customer growth [27][30] Business Line Data and Key Metrics Changes - The utility segment benefited from rate relief in Nevada and Arizona, contributing to higher net income [25] - Approximately 40,000 new meter sets were added over the past twelve months, indicating strong customer growth [27][22] - Century's results improved due to higher volumes under master services agreements and lower interest expenses, although offshore wind project revenues decreased [26] Market Data and Key Metrics Changes - Economic activity and demand for natural gas service remain strong, particularly in Arizona and Nevada, with significant growth in sectors like advanced manufacturing and data centers [21][22] - The Arizona Commission opened a docket to address resource adequacy of natural gas infrastructure due to increased demand [22] Company Strategy and Development Direction - The company is focused on becoming a premier fully regulated natural gas utility and is committed to separating Century to enhance shareholder value [10][11] - A capital investment plan of approximately $4.3 billion over the next five years is expected to support safety, reliability, and economic development [24] - The company aims to maintain a flat O&M cost per customer trend while achieving net income growth through regulatory strategies [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the regulatory strategy and the positive outcomes from recent rate cases in Arizona and Great Basin [10][18] - The company anticipates continued robust capital spending driven by safety, reliability, and economic activity in service territories [9][35] - Management noted that the successful execution of separation options for Century is contingent on favorable market conditions [12] Other Important Information - The company has over $400 million in cash on hand and more than $1 billion in liquidity, providing flexibility for capital investments [13] - The balance sheet remains strong, with a commitment to maintaining an investment-grade profile [33][34] Q&A Session Summary Question: What is the current status of your plans to exit Century? - Management reiterated their commitment to the separation of Century and mentioned the ability to file an S-three to facilitate market execution [42] Question: What are the financial implications of the SIM if the settlement is approved? - Management indicated that clarity on timing and projects would come once the SIM is approved, which represents about 40% of non-revenue producing infrastructure investment [43] Question: Has there been any change to Southwest Gas' internal controls or accounting processes? - Management confirmed that there have been no changes in internal controls related to the recent accounting issue that caused a delay in the earnings call [46] Question: Can you speak to the incremental CapEx investment opportunities from the influx of data centers? - Management stated that current guidance does not include material changes due to new demand but will monitor and adjust as necessary [49] Question: Is the Great Basin open season binding? - Management confirmed that the open season is binding and will provide better indications of future CapEx changes once it closes [53]

Southwest Gas Holdings Inc (SWX) Q1 2025 Earnings Call May 12, 2025 11:00 AM ET Company Participants Justin Forsberg - Vice President of Investor Relations & TreasurerKaren Haller - President & CEOJustin Brown - President - Southwest Gas CorporationRobert Stefani - Senior VP & CFODylan Lipner - Associate - Equity ResearchRichard Sunderland - Equity Research - North American Utilities & Power Conference Call Participants Ryan Levine - Analyst Operator Welcome to Southwest Gas Holdings First Quarter twenty tw ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings per share of $1.3, a 6% increase compared to the same quarter last year [6] - Revenues increased by 28% from $612.1 million to $783.6 million year-over-year [24] - The company reaffirmed its 2025 earnings per share guidance range of $2.07 to $2.11, compared to last year's non-GAAP earnings of $1.97 per share [7] Business Line Data and Key Metrics Changes - Both the Water and Gas businesses performed well, contributing to the overall strong results [6] - The Gas segment reported an increase in volumes due to normal weather conditions compared to significantly warmer weather in the previous year [24] Market Data and Key Metrics Changes - The company has begun to raise equity through its ATM program, issuing approximately $210 million so far this year [8] - The company is in discussions with data center developers representing up to five gigawatts of needed power generation in the Pittsburgh region [21] Company Strategy and Development Direction - The company plans to invest between $1.4 billion and $1.5 billion in infrastructure improvements in 2025, with $270.5 million already invested by March 31 [7] - The company is focusing on water and wastewater utility acquisitions, having acquired over $518 million in rate base since 2015 [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the full-year earnings per share guidance, citing strong first-quarter performance but cautioning about potential headwinds in the remaining quarters [52] - The company is committed to addressing PFAS compliance and expects to spend approximately $450 million to achieve compliance by 2028 [10][56] Other Important Information - The company has been recognized for its operational achievements, including a 99.8% water quality compliance rate [9] - New rates went into effect for Aqua Pennsylvania, expected to increase total annual revenues by $73 million [31] Q&A Session Summary Question: Regarding equity issuance and share price - Management indicated that the focus is on raising the $315 million in equity needed for 2025 rather than considering 2026 equity needs at this time [43] Question: Texas rate case expectations - Management stated that they plan to file the Texas rate case by the end of the month and will provide details on revenue requests and equity layers at that time [45] Question: EPS guidance and performance - Management acknowledged strong first-quarter performance but emphasized the need to wait for clarity as the year progresses before adjusting guidance [52] Question: Impact of EPA announcement on PFAS - Management confirmed that they are proceeding with their PFAS mitigation plans and remain on track with their budget [56] Question: Data centers and gas supply - Management discussed various approaches to support data center development, including behind-the-meter generation and increased distribution volume [65] Question: Beaver Falls settlement status - Management expressed optimism about the Beaver Falls case being on the agenda in June and highlighted the importance of resolving such cases for water supply [90]

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...

NYSE LISTED WTRG First Quarter 2025 May 12, 2025 February 2024 Brian Dingerdissen Vice President Treasury, FP&A and Investor Relations 2 Forward Looking Statement This presentation contains in addition to historical information, forward looking statements based on assumptions made by management regarding future circumstances over which the company may have little or no control, that involve risks, uncertainties and other factors that may cause actual results to be materially different from any future result ...

Earnings Conference Call First Quarter 2025 Results May 12, 2025 Safe Harbor Statement Forward-Looking Statements Unless context otherwise requires, in this presentation, references to "we", "us" and "our" are to Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company" or "SWX") together with its current and former consolidated subsidiaries, which include, among others, Southwest Gas Corporation ("Southwest Gas", "SWG", "Utility" or "Natural Gas Distribution" segment), Centuri Hol ...

TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) announces that, further to the news release dated May 7, 2025, the Ontario Securities Commission (the “OSC”), has notified the Company that it has issued a failure-to-file cease trade order (“FFCTO”), under Multilateral Instrument 11-103 – Failure-to-File Cease Trade Orders in Multiple Jurisdictions against the Company (“MI 11-103”). The FFCTO was issu ...

Maintaining Momentum into Second Quarter 2025 and Remain on Track to Achieve Full Year 2025 Guidance Closed Maverick Acquisition Continuing to Execute our Strategy as the PDP Champion Returned Over $59 million to Shareholders Through Dividends and Repurchases Year to Date BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce the following operations and trading update for the quarter ended March 31, 2025. **Consolidated operational & ...

Group 1: S&P 500 Additions - DoorDash and Expand Energy were added to the S&P 500 during the Q1 rebalancing, alongside TKO Group Holdings and Williams-Sonoma [1][2] - Both DoorDash and Expand Energy are highlighted as compelling investment opportunities due to their strong fundamentals [2] Group 2: DoorDash Overview - DoorDash's total orders increased by 18% year-over-year to 732 million in Q1 2025, with marketplace gross order value growing by 20% to $23.1 billion [3] - Revenue for DoorDash rose by 21% to $3 billion, maintaining a net revenue margin of 13.1% [3] - The company is expanding into new verticals and partnerships, including collaborations with Ibotta, Walmart Canada, and The Home Depot [4][5] Group 3: Expand Energy Overview - Expand Energy is one of the largest natural gas producers in the U.S., with adjusted earnings per share of $2.02, beating estimates by $0.16, and revenue of $2.3 billion, exceeding forecasts by $57 million [7][8] - The company plans to increase its rig count to 15 and invest $2.7 billion to boost output to 7.2 Bcfe/d by year-end, targeting 7.5 Bcfe/d by 2026 [8] - Expand Energy aims for synergy savings of $400 million in 2025 and $500 million in 2026, alongside a $1 billion share buyback program and rising dividends [9][10]