November 7, 2025 | 10:00 a.m. ET Forward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collec ...

Financial Performance & Growth - Alliant Energy achieved a total shareholder return of approximately 10% with a 10-year compound annual EPS growth of 6.5%[6] - The company is initiating 2026 EPS guidance, projecting a 6.6% increase over the 2025 EPS guidance midpoint[6] - The long-term annual EPS growth target is set at 5-7%+, with projections at or above the high end for 2027-2029[6] - Updated 2025 ongoing EPS guidance is between $3.17 and $3.23[9] - 2026 EPS guidance is projected to be between $3.36 and $3.46[10] - The 2026 dividend target is $2.14 per share, representing a 5.4% increase over the 2025 target[11, 13] Load Growth & Capital Expenditure - Data center demand is expected to drive a 50% increase in projected demand by 2030, compared to 2024 levels[6, 20] - The company has a $13.4 billion 4-year capital expenditure plan, which is a 17% increase over the prior plan[6] - Approximately 3 GW of peak obligation to serve is included in the capital expenditure plan[18] Investments & Funding - The company plans to invest $4.7 billion in natural gas generation, $4.4 billion in energy storage and renewables, and $4.3 billion in electric & gas distribution, technology & other from 2026-2029[25, 26] - The capital expenditure program will be funded through cash from operations (34%), tax credit monetization (12%), new debt (36%), and equity (18%)[28] Regulatory & Customer Focus - Wisconsin electric revenue requirement increase of $79 million in 2026 and $73 million in 2027[44] - Wisconsin gas revenue requirement increase of $7 million in 2026 and $5 million in 2027[44]

Financial Performance & Guidance - Q3 2025 reported/adjusted EPS was $181[8] - The company is narrowing its 2025 adjusted EPS guidance range to $625-$635[8] - The company reaffirms a growth rate of 5%-7% through 2029, expecting to earn in the top half of the range beginning in 2028[9] Capital Plan & Growth - The company expects to announce a $95 billion capital plan for 2026-2030, with a potential additional upside opportunity of $10 billion[14] - The expected earnings base growth is ~85%+ for 2025-2030, compared to ~8% for 2024-2029[17] - The company has signed agreements for ~3 GW of data center projects[36] Regulatory & Financial Strategy - The company issued ~$1 billion of North Carolina storm securitization bonds in September and expects to issue ~$600 million of South Carolina storm securitization bonds by year-end[40] - The company is on target for 14%+ FFO/Debt by the end of 2025 and is targeting 15% FFO/Debt over the long term[40] - The company is targeting a 60%-70% dividend payout ratio[40] Carolinas Energy Transition - The Carolinas resource plan filed in North Carolina in October 2025 includes 5 CC units (6,825 MW) and 7 CT units (2,825 MW) by 2033, 5,600 MW of battery storage by 2034, and 4,000 MW of new solar by 2034[47]

Core Insights - Duke Energy Corporation (DUK) reported third-quarter 2025 earnings of $1.81 per share, exceeding the Zacks Consensus Estimate of $1.74 by 4% and reflecting an 11.7% increase from $1.62 in the same quarter last year [1][9] DUK's Total Revenues - Total operating revenues reached $8.54 billion, surpassing the Zacks Consensus Estimate of $8.42 billion by 1.4% and showing a 4.7% increase from $8.15 billion in the prior year [2][9] Highlights of DUK's Earnings Release - Total operating expenses were $6.23 billion, up 3.4% year over year, driven by higher costs in natural gas, operations, maintenance, depreciation, and property taxes [3] - Operating income increased by 8.9% to $2.33 billion from $2.14 billion in the previous year [3] Interest Expenses and Customer Growth - Interest expenses rose to $902 million from $872 million in the third quarter of 2024 [4] - The average number of customers in Electric Utilities increased by 1.4% year over year, with total electric sales volumes rising by 0.2% to 72,880 gigawatt-hours [4] DUK's Segmental Highlights - Electric Utilities & Infrastructure segment adjusted earnings totaled $1.66 billion, up from $1.46 billion in the third quarter of 2024 [5] - Gas Utilities & Infrastructure segment reported an adjusted loss of $26 million, compared to a loss of $22 million in the same quarter last year [5] Other Segment Performance - The other segment, which includes corporate interest expenses, incurred a loss of $225 million, compared to a loss of $206 million in the third quarter of 2024 [6] Financial Condition of DUK - As of September 30, 2025, cash and cash equivalents were $688 million, up from $314 million as of December 31, 2024 [7] - Long-term debt increased to $79.3 billion from $76.34 billion as of December 31, 2024 [7] - Net cash from operating activities for the first nine months of 2025 was $8.67 billion, down from $8.95 billion a year ago [7] 2025 Guidance by DUK - DUK now expects 2025 adjusted EPS in the range of $6.25-$6.35, narrowing from the previous forecast of $6.17-$6.42 [10] - The Zacks Consensus Estimate for 2025 earnings is $6.33, which is higher than the midpoint of the company's projected range [10] - DUK continues to project long-term EPS growth of 5-7% through 2029 [10] DUK's Zacks Rank - Duke Energy currently holds a Zacks Rank 2 (Buy) [11]

Key Takeaways Consolidated Edison's Q3 adjusted EPS rose 13.1% to $1.90, topping estimates by 7.9%.Total operating revenues climbed 10.7% to $4.53B, led by higher electric and gas sales.The company lifted its 2025 EPS outlook to $5.60-$5.70, narrowing to the upper half of guidance.Consolidated Edison, Inc. (ED) reported third-quarter 2025 adjusted earnings of $1.90 per share, which topped the Zacks Consensus Estimate of $1.76 by 7.9%. The bottom line also improved 13.1% from $1.68 recorded in the prior-year ...

Market Overview - Wall Street's major indexes have reached multiple all-time closing highs recently, but the market has experienced volatility due to economic uncertainties [1][5] - The tech sector, particularly driven by AI optimism, has seen fluctuations, with significant pullbacks in stock prices due to concerns over high valuations [2][6] Economic Concerns - Investors are worried about the health of the economy, particularly with a shrinking labor market and fewer jobs being added [7] - Layoffs surged in October, totaling 153,074, which is a 183% increase sequentially and a 175% increase year-over-year [8] - The ongoing government shutdown has limited access to fresh economic data, contributing to investor uncertainty [9] Defensive Investment Recommendations - In light of market volatility, it is advisable to consider defensive stocks, particularly from the utilities sector, which are characterized by low beta values and high dividend yields [3][4][12] - Five recommended low-beta utility stocks include: - **Atmos Energy Corporation (ATO)**: Expected earnings growth of 6%, beta of 0.73, and a dividend yield of 2.02% [10][11] - **American States Water Company (AWR)**: Expected earnings growth of 4.1%, beta of 0.64, and a dividend yield of 2.72% [13][14] - **Consolidated Water Co. Ltd. (CWCO)**: Expected earnings growth of 0.9%, beta of 0.51, and a dividend yield of 1.61% [15][16] - **Entergy Corporation (ETR)**: Expected earnings growth of 6.9%, beta of 0.63, and a dividend yield of 2.49% [17][18] - **Duke Energy Corporation (DUK)**: Expected earnings growth of 7.3%, beta of 0.45, and a dividend yield of 3.44% [18][19]

Core Insights - Emera Inc. reported a 9% improvement in adjusted earnings per share (EPS) for Q3 2025, achieving $0.88 in adjusted EPS and $0.76 in reported EPS [1] Financial Performance - The company delivered a 9% increase in adjusted EPS for the third quarter of 2025 [1] - Reported EPS for the same period was $0.76 [1] Capital Plan - Emera introduced a 5-year capital plan amounting to $20 billion [1] - The company extended its rate base growth guidance to 7-8% through 2030 [1]

Core Viewpoint - The article discusses the recent volatility in the stock market and highlights four companies that have recently increased their dividends, providing potential investment opportunities for cautious investors seeking steady income amidst economic uncertainty [2][3]. Economic Context - Major stock indexes have reached all-time highs, but investor sentiment remains low due to a lack of economic data from the government shutdown, the impact of tariffs imposed by President Trump, and uncertainty regarding a potential interest rate cut by the Federal Reserve [2][4]. - The Federal Reserve recently cut interest rates by 0.25 percentage points, but this did not positively affect stock prices, as Chairman Jerome Powell expressed doubts about further cuts this year [4][5]. - The ongoing government shutdown has deprived investors of key economic data, contributing to fears of a recession as the labor market continues to shrink [6]. Company Highlights - **CDW Corporation**: Announced a dividend of $0.63 per share, with a dividend yield of 1.76%. Over the past five years, CDW has increased its dividend six times, with a payout ratio of 26% of earnings [9][8]. - **California Resources Corporation**: Declared a dividend of $0.41 per share, yielding 3.32%. The company has increased its dividend four times in the last five years, with a payout ratio of 34% of earnings [11][10]. - **Exxon Mobil Corporation**: Announced a dividend of $1.03 per share, yielding 3.47%. Exxon has increased its dividend five times over the past five years, with a payout ratio of 57% of earnings [13][12]. - **Entergy Corporation**: Declared a dividend of $0.64 per share, yielding 2.49%. Entergy has increased its dividend six times in the last five years, with a payout ratio of 59% of earnings [14][12].

Core Points - ENGIE Brasil Energia held a video conference to present its Third Quarter '25 earnings results, highlighting financial statements, operational results, ESG indicators, and project implementation progress [1][2]. Group 1 - The presentation was led by Adriana Wagner, the Investor Relations Analyst, who announced the availability of the results presentation and earnings release on the company's investor relations website [1]. - The company emphasized that any forward-looking statements regarding business outlook are contingent on macroeconomic conditions and regulatory performance in the electric sector, indicating potential variability [2]. - Key executives present included Pierre Gratien Leblanc (CFO and IRO), Guilherme Ferrari (Renewable Energy and Storage Officer), Marcos Keller (Director of Energy Trading), and Leonardo Depine (Manager for Investor Relationships) [3].

Duke Energy Corporation (NYSE:DUK) will release earnings results for the third quarter before the opening bell on Friday, Nov. 7.Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $1.75 per share. That's up from $1.62 per share in the year-ago period. The consensus estimate for Duke Energy's quarterly revenue is $8.55 billion, compared to $8.15 billion a year earlier, according to data from Benzinga Pro.On Aug. 8, the company reported second-quarter adjusted earnings ...