Financial Performance - Reykjavík Energy reported a profit of ISK 4.5 billion for the first three months of the year, compared to ISK 2.9 billion in the same period in 2024 [1] - Revenues increased by 7% year-on-year, while expenses declined by the same proportion [2] - Cash flow from operations rose to ISK 9.4 billion from ISK 8.0 billion in the same period last year [3] Operational Insights - Investment in fixed operational assets remained stable year-on-year at ISK 6.4 billion, primarily driven by Veitur Utilities for district heating system enhancements [3] - ON Power received a reimbursement of approximately ISK 450 million due to a correction in Landsnet's tariff schedule [2] Management Commentary - The CEO of Reykjavík Energy expressed satisfaction with the financial results, highlighting the company's growing capacity for essential investments and a decline in interest expenses [4]

Sweden 50 2025 The annual report on the most valuable and strongest Swedish brands IKEA remains most valuable Swedish brand despite 22% fall to SEK135.9 billion + Currency exchange changes widen export potential but shrink domestic spending power + Gambling brands surge in value, Evolution Gaming doubles in value to SEK11.2 billion + ICA leads the Swedish brand strength index, showing convenience beats sheer scale + SAAB soars 45 % on NATO-driven defence demand and new European contracts Contents | Foreword ...

Group 1: Dominion Energy - Dominion Energy is undergoing a turnaround to improve its financial position after facing challenges due to a complicated business model [3][4] - The company has been selling assets and is now primarily a regulated electric utility, offering a dividend yield of 4.8%, which is above the average utility yield of 2.9% [4] - While the current dividend is considered safe, it is not expected to grow in the near term due to an elevated payout ratio, which needs to be reduced to below 70% for future growth [5][7][8] - Earnings are projected to grow between 5% and 7% annually, which may lead to improved dividend growth in the future [7] Group 2: Western Midstream Partners - Western Midstream Partners operates midstream assets and offers a high cash distribution yield of nearly 9.5% [9] - The company expects to generate $1.3 billion to $1.5 billion in free cash flow this year, sufficient to cover its distribution and capital expenditures [10] - With a leverage ratio below 3.0, Western Midstream has financial flexibility for acquisitions and growth projects, targeting organic investments with mid-teens returns [11] - The company recently increased its payout by 4% and anticipates future distribution growth at a low- to mid-single-digit rate [12] Group 3: Chevron - Chevron's stock has declined nearly 20% recently, resulting in an attractive dividend yield of 5% [13] - The company has a strong history of dividend stability, having increased its dividend for 38 consecutive years, including a 5% hike earlier this year [14] - Chevron expects to grow production at a compound annual rate of 6% through 2026 and could generate $9 billion in incremental free cash flow between 2024 and 2026 [15] - The potential acquisition of Hess and ongoing arbitration proceedings could further enhance cash flows, leading to larger dividends for shareholders [15]

If you are looking for American-made dividend stocks, you can't do much better than buying U.S. utilities. Companies like NextEra Energy (NEE 1.42%), Black Hills (BKH 0.90%), and American Electric Power (AEP 1.07%) are built on regional and regulated U.S. monopolies. Each one of these American high-yield stocks has a different story to tell. Here's a quick look at why you might want to buy each one.1. NextEra Energy is all about dividend growthThe average utility stock is yielding around 2.9% today. NextEra ...

Group 1 - Middlesex Water Company has appointed Nadine Leslie as Chair of the Board, succeeding Dennis W. Doll after his 20-year tenure [1][2] - Amy Mansue has been named as the Lead Independent Director to enhance the Board's independence and governance oversight [2] - Nadine Leslie has over 30 years of leadership experience in the regulated utility industry and previously served as CEO of SUEZ North America [2] Group 2 - Middlesex Water Company is a premier investor-owned water and wastewater utility, serving over half a million people in New Jersey and Delaware [4] - The company emphasizes employee engagement, operational excellence, superior customer experience, and sustainable growth to deliver value [4]

Core Points - PG&E warns about the public safety risks associated with helium-filled metallic balloons during graduation season, emphasizing the need to secure them with weights to prevent them from floating away and contacting power lines [1][3] - In the first five months of 2025, metallic balloons caused over 130 power outages in PG&E's service area, affecting more than 54,000 customers, with critical facilities like hospitals and schools being disrupted [2] - Metallic balloons can conduct electricity due to their silvery coating, leading to potential short circuits and power outages when they come into contact with power lines [4] Safety Recommendations - PG&E advises customers to keep helium-filled metallic balloons securely tied to a weight to prevent them from floating away [7] - Customers are encouraged to keep metallic balloons indoors when possible and to avoid releasing them outside [7] - In case of a balloon getting caught in a power line, PG&E recommends not attempting to retrieve it and to report the issue immediately [7]

Group 1 - Reykjavik Energy concluded a green bond offering on May 23, 2025, increasing the size of the green bond series OR1802142 GB [1] - The company issued bonds amounting to ISK 5,300 million nominal value at a yield of 7.78% [1] - Following the increase, the total nominal value of bonds issued in the series reached ISK 11,538 million [1] Group 2 - Fossar Investment Bank is overseeing the issuance and sale of the bonds, as well as their admission to trading on the Nasdaq market in Iceland [1]

Core Viewpoint - Southwest Gas Holdings, Inc. successfully closed a secondary public offering of Centuri Holdings, Inc. common stock, raising significant capital for debt repayment [1][3]. Group 1: Offering Details - The company sold 10,350,000 shares of Centuri's common stock at a public offering price of $17.50 per share, including the underwriters' full exercise of their option to purchase an additional 1,350,000 shares [1]. - Icahn Partners LP and Icahn Partners Master Fund LP purchased 2,857,142 shares of Centuri's common stock in a concurrent private placement at the same price per share as the public offering [2]. - The net proceeds from the offering were approximately $175 million, while the concurrent private placement generated about $50 million [3]. Group 2: Use of Proceeds - The proceeds from both the offering and the private placement will be utilized for the repayment of outstanding indebtedness [3]. Group 3: Ownership Structure - After the completion of the offering and private placement, Southwest Gas Holdings retains approximately 65.9% ownership of Centuri's outstanding common stock [3]. Group 4: Underwriters - J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities served as joint lead book-running managers for the offering, with additional support from BofA Securities and Moelis & Company [4]. Group 5: Company Background - Southwest Gas Holdings operates through its subsidiary, Southwest Gas Corporation, which focuses on the distribution and transportation of natural gas across Arizona, Nevada, and California [7]. - Centuri Holdings, Inc. provides utility infrastructure services, partnering with regulated utilities to maintain energy networks in the U.S. and Canada [8].

Financial Data and Key Metrics Changes - The company reported a stabilization of typical residential combined bills since January 2024, with expectations for a decrease in 2026 [30] - The general rate case proposal for 2027 through 2030 includes the smallest percentage increase request in a decade, attributed to $2.5 billion saved in operating and capital costs over the past three years [30] Business Line Data and Key Metrics Changes - The company achieved zero major wildfires caused by its equipment for the second consecutive year in 2024, indicating effective wildfire protection measures [21] - Over 900 miles of power lines have been buried in high-risk areas, reducing ignition risk by nearly 98% [21] - The company installed over 630 AI-enabled wildfire cameras for real-time condition awareness [22] Market Data and Key Metrics Changes - The company added nearly 14,000 new customers in 2024, representing a 30% increase over the previous year [26] - The clean energy portfolio includes 98% greenhouse gas-free power for electric retail customers [23] Company Strategy and Development Direction - The company aims for capital investments of approximately $63 billion from 2024 to 2028, with a goal to limit annual growth in customer costs to 2-4% [25] - The strategy includes reducing non-fuel operating and maintenance costs by at least 2% each year, which has been met or surpassed for three consecutive years [25] Management's Comments on Operating Environment and Future Outlook - Management emphasized a commitment to safety, reliability, and affordability in energy services, aiming to build trust with customers and communities [17][19] - The company is focused on serving people, the planet, and California's prosperity, with ongoing efforts to improve service at lower costs [28] Other Important Information - The board of directors is currently set at 14 members, as required by CPUC regulations, which allows for a diversity of experience and skills [32] - The company is committed to inclusion and belonging as core values, enhancing company strength and responsiveness to customer needs [34] Q&A Session Summary Question: What is PG and E doing to help customers navigate bill increases? - The company is stabilizing bills and expects them to decrease in 2026, with a proposal for the smallest general rate case percentage increase in a decade [30] Question: Why is the PG and E board currently set at 14 members? - The board size is determined by CPUC regulations, which require between twelve and fifteen directors to ensure diverse oversight [32] Question: Why is inclusion and belonging a core value for PG and E? - Inclusion and belonging are integral to the company’s operations, making it stronger and more responsive to diverse customer needs [34]

Core Insights - CenterPoint Energy has completed all key actions of the Greater Houston Resiliency Initiative (GHRI) Phase Two ahead of the 2025 hurricane season, demonstrating a commitment to enhancing energy infrastructure reliability [1][2][3] Group 1: GHRI Phase Two Achievements - Over the last 10 months, the company installed more than 26,000 stronger, storm-resilient poles and undergrounded over 400 miles of power lines [1][6] - The addition of 5,150 automation devices and the clearing of more than 6,000 miles of higher-risk vegetation are significant steps taken to improve grid resiliency [1][6] - The installation of 100 weather monitoring stations enhances situational awareness and storm preparation in the Greater Houston area [1][6] Group 2: Impact on Reliability - These resiliency actions are expected to reduce outages for customers by more than 125 million minutes annually [1][2] - The proactive measures taken by the company strengthen its ability to deliver reliable service to the Houston and Gulf Coast regions [4] Group 3: Future Plans - CenterPoint Energy plans to announce an updated approach for GHRI for the remainder of 2025 and beyond in early June [4][5] - The company emphasizes that it will continue to work on further improvements throughout the summer and the rest of the year [4]