Financial Data and Key Metrics Changes - The company reported first quarter 2025 earnings of $2.27 per share, reflecting a $0.30 increase compared to the first quarter of 2024 [17] - The earnings guidance for 2025 is reaffirmed at $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year [23][24] - The long-term compound annual growth rate (CAGR) target remains at 6.5% to 7% [5][23] Business Line Data and Key Metrics Changes - Utility operations earnings increased by $0.28 compared to the first quarter of 2024, driven by weather impacts and rate-based growth [18][19] - Earnings from the American Transmission Company increased by $0.02, attributed to continued capital investment [21] - The Energy Infrastructure segment saw a $0.05 increase in earnings, primarily due to higher production tax credits [21][22] Market Data and Key Metrics Changes - Wisconsin's unemployment rate stands at 3.2%, below the national average, indicating strong economic conditions [5] - Weather-normalized retail electric delivery grew by 0.7% in the first quarter, led by large commercial and industrial classes [20] - Significant economic developments include Microsoft's data center complex and Eli Lilly's $3 billion expansion in Wisconsin [6][7][8] Company Strategy and Development Direction - The company is focused on a $28 billion capital investment plan aimed at economic growth and reliability [9] - A new Very Large Customer (VLC) tariff proposal has been filed to accommodate economic growth and attract data center investments [13][14] - The company is actively working on transitioning its coal units to gas and integrating renewable energy sources into its generation mix [31][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic development in Southeastern Wisconsin, particularly regarding data center demand [6][42] - The company is monitoring tariff impacts on its supply chain and capital plan, estimating a 2% to 3% overall exposure [9][10] - Management remains optimistic about continued growth in the region and the company's future prospects [25] Other Important Information - The company has no active rate cases currently and is preparing for future rate proceedings related to its capital investments [12][16] - The company is closely monitoring developments related to the Inflation Reduction Act and its potential impacts on renewable projects [11][53] Q&A Session Summary Question: Thoughts on recent MISO capacity auction results and CapEx for data centers - Management noted a tight auction and is working to ensure sufficient capacity to meet demand, with plans for additional gas generation [29][30] Question: Pipeline safety modernization program in Illinois and CapEx opportunities - Management indicated that the program will ramp up in 2026 and 2027, with expected spending of over $500 million annually [39] Question: Updates on Microsoft and data center developments - Management confirmed ongoing positive discussions with Microsoft, with strong demand forecasts for the region [42] Question: Impact of equity issuance on market uncertainty - Management acknowledged that stock price, cash needs, and market conditions all influence equity issuance plans [44] Question: Impacts of the Inflation Reduction Act and tax credit transferability - Management expressed confidence in managing potential impacts, noting that most projects are already integrated with IRA benefits [50][54] Question: Details on the VLC tariff and its competitiveness - Management emphasized the fair and balanced nature of the VLC tariff, designed to attract large customers without subsidizing costs for others [60][61] Question: Drivers of strong residential electric load growth - Management attributed growth to normalization of weather conditions compared to the previous year, which was unusually warm [67] Question: Generation needs for Cloverleaf data center project - Management indicated that the generation mix will likely include both gas and renewables, with further details expected in the third quarter [70][72]

Vistra Corp. (VST) is expected to deliver improvements in its top line and its earnings per share when it reports first-quarter 2025 results on May 7, before market open. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for VST’s first-quarter revenues is pegged at $4.4 billion, indicating an increase of 44.14% from the year-ago reported figure.The Zacks Consensus Estimate for VST’s first-quarter earnings is pegged at 54 cents per share, indicating a 134.8% ...

Core Insights - Duke Energy Corporation (DUK) reported first-quarter 2025 earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.59 by 10.7% and improving 22.2% from $1.44 per share in the same quarter last year, driven by higher retail sales volumes and new rates [1][3] - Total operating revenues reached $8.25 billion, a 7.5% increase from $7.67 billion in the previous year, also surpassing the Zacks Consensus Estimate of $8.06 billion by 2.3% [1][2] Revenue Breakdown - The Regulated electric unit generated operating revenues of $7.06 billion, up 4.9% year over year, contributing 85.6% to total revenues [2] - Revenues from the Regulated natural gas business totaled $1.11 billion, reflecting a significant increase of 27.6% year over year [2] - The Non-regulated Electric and Other segment produced revenues of $80 million, which is a 9.6% year-over-year increase [2] Expense and Income Analysis - Total operating expenses for the quarter were $5.91 billion, up 3.4% year over year, primarily due to increased costs in natural gas, operation, maintenance, depreciation, and property taxes [3] - Operating income rose 19.4% to $2.34 billion from $1.96 billion in the same quarter last year [3] Customer and Sales Metrics - Interest expenses increased to $889 million from $817 million in the first quarter of 2024 [4] - The average number of customers in Electric Utilities grew by 1.7% year over year [4] - Total electric sales volumes increased by 7.6% year over year, reaching 65,242 gigawatt-hours [4] Segment Performance - Electric Utilities & Infrastructure segment earnings totaled $1,276 million, up from $1,021 million in the first quarter of 2024 [5] - Gas Utilities & Infrastructure segment earnings were $349 million, compared to $284 million in the previous year [5] - The Other segment incurred a loss of $260 million, worsening from a loss of $203 million in the first quarter of 2024 [6] Financial Position - As of March 31, 2025, cash and cash equivalents stood at $475 million, up from $314 million on December 31, 2024 [7] - Long-term debt increased to $79.70 billion from $76.34 billion as of December 31, 2024 [7] - Net cash from operating activities for the first three months of 2025 was $2.18 billion, down from $2.47 billion in the same period last year [7] Future Guidance - Duke Energy reaffirmed its 2025 adjusted EPS guidance, expecting a range of $6.17-$6.42, with the Zacks Consensus Estimate at $6.32 per share [9] - The company projects long-term EPS growth of 5-7% through 2029 [9]

Core Viewpoint - OGE Energy Corp. reported strong first-quarter 2025 results, with significant increases in earnings and revenues compared to the previous year, indicating robust operational performance and growth potential [1][4]. Financial Performance - First-quarter 2025 earnings per share were 31 cents, exceeding the Zacks Consensus Estimate of 22 cents by 40.9% and improving 244.4% from 9 cents in the prior-year quarter [1]. - Operating revenues reached $747.7 million, a 25.3% increase from $596.8 million in the prior-year quarter, and surpassed the Zacks Consensus Estimate of $693 million by 8% [1]. - Net income for the first quarter was $62.7 million, up 237.1% from $18.6 million in the prior-year quarter [4]. Operational Highlights - Total sales in the reported quarter were 8.2 million megawatt-hours (MWh), an increase from 7.4 MWh in the prior-year quarter [2]. - The customer count rose by 1% to 908,851 [2]. - The cost of fuel, purchased power, and direct transmission increased by 39.6% to $324 million from $232.2 million in the prior-year quarter [2]. Expense Management - Total operating expenses for the first quarter slipped 0.1% to $290.4 million, mainly due to lower operation and maintenance expenses [3]. - Operating income totaled $133.3 million, an increase of 80.1% from $74 million in the year-ago quarter [3]. - Interest expenses rose to $67.3 million, up 11.8% from $60.2 million recorded a year ago [3]. Segment Performance - The OG&E segment's net income was $71 million, up 181.7% from $25.2 million in the prior-year period, driven by higher operating revenues and lower expenses [4]. - The Other Operations unit reported a net loss of $8.3 million, wider than the previous year's loss of $6.6 million, attributed to higher interest expenses [5]. Financial Position - As of March 31, 2025, cash and cash equivalents were $26.9 million, compared to $0.6 million as of December 31, 2024 [6]. - Long-term debt increased to $5.12 billion from $5.02 billion as of December 31, 2024 [6]. - Cash generated from operating activities was $15.9 million, down from $83 million in the prior-year period [6]. Guidance - OGE Energy reiterated its 2025 earnings per share guidance, expecting a range of $2.21 to $2.33, with the Zacks Consensus Estimate at $2.27 [7].

Core Points - American Electric Power Company, Inc. (AEP) reported first-quarter 2025 operating earnings per share (EPS) of $1.54, exceeding the Zacks Consensus Estimate of $1.39 by 10.8% and increasing 21.3% from $1.27 in the same quarter last year [1] - AEP's total revenues for the quarter were $5.46 billion, an 8.7% increase from $5.03 billion in the previous year, and also surpassed the Zacks Consensus Estimate of $5.34 billion by 2.4% [2] Segment Performance - Vertically Integrated Utility Operations reported operating earnings of $349.9 million, up from $300.3 million year-over-year [3] - Transmission & Distribution Utilities generated operating earnings of $192.3 million, an increase from $150.3 million in the prior year [3] - AEP Transmission Holdco's operating earnings rose to $234.6 million from $208.7 million year-over-year [3] - Generation and Marketing segment reported operating earnings of $76.3 million, up from $65.4 million in the same quarter last year [4] - The All Other segment reported an operating loss of $29.8 million, which was an improvement from a loss of $54.3 million in the previous year [4] 2025 Guidance - AEP reaffirmed its 2025 operating earnings guidance, expecting EPS in the range of $5.75-$5.95, with the Zacks Consensus Estimate at $5.86, slightly above the midpoint of the projected range [5] - The company anticipates a long-term EPS growth rate of 6-8% [5] Zacks Rank - AEP currently holds a Zacks Rank 3 (Hold) [6]

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Tyler Nelson - VP - Finance & TresaurerCharles MacFarlane - President and CEOTodd Wahlund - VP & CFO Conference Call Participants Sophie Karp - Managing Director & Equity Research Analyst Operator Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now tu ...

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Tyler Nelson - VP - Finance & TresaurerCharles MacFarlane - President and CEOTodd Wahlund - VP & CFO Conference Call Participants Sophie Karp - Managing Director & Equity Research Analyst Operator Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now tu ...

Sempra Energy (SRE) is scheduled to release its first-quarter 2025 results on May 8, before market open.The company delivered a negative earnings surprise of 7.98% in the last reported quarter. Moreover, SRE has a negative four-quarter average earnings surprise of 7.01%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at Play Ahead of SRE’s Q1 ResultsThe majority of SRE’s service terr ...

Does Constellation Energy stock cost too much?Nuclear power utility Constellation Energy Corporation (CEG 9.25%) exploded higher after reporting significantly higher revenue than expected for the first quarter of 2025.Heading into today's report, analysts forecast Constellation Energy would earn $2.15 per share on sales of $5.4 billion. Constellation actually missed the earnings forecast by a penny, but its revenue came in at $6.8 billion. Constellation Energy's Q1 earningsBoth analysts and Constellation i ...

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now turn the call over to the company for their opening comments. Speaker1 Good morning, and welcome to our first quarter earnings conference call. My name is Tyler Nelson. I'm Otter Tail Corporation's Vice Presiden ...