Core Viewpoint - Evergy, Inc. reported first-quarter 2025 operating earnings per share (EPS) of 54 cents, missing the Zacks Consensus Estimate of 66 cents by 18.2% [1] - The company's quarterly revenues totaled $1.37 billion, falling short of the Zacks Consensus Estimate of $1.41 billion by 2.8% [2] Financial Performance - Adjusted EPS was influenced by the recovery of regulated investments, but was negatively impacted by lower demand due to an unplanned customer maintenance shutdown, increased interest expenses, and higher depreciation and amortization expenses [1] - Fuel and purchased power costs were $355.3 million, down 5.6% from $376.4 million in the year-ago quarter [3] - Operating and maintenance expenses remained flat at $232 million year over year [3] - Interest expenses increased by 14.5% year over year to $152.5 million [3] Financial Position - Cash and cash equivalents as of March 31, 2025, were $35.3 million, up from $22 million as of December 31, 2024 [4] - Long-term debt increased to $12.4 billion from $11.81 billion as of December 31, 2024 [4] - Cash provided by operating activities in the first three months of 2025 was $449.6 million, compared to $317.3 million in the year-ago quarter [4] Guidance and Outlook - The company reaffirmed its 2025 GAAP EPS and adjusted EPS guidance of $3.92-$4.12, with the Zacks Consensus Estimate at $4.03 [5] - Evergy aims for an annual EPS growth target of 4-6% through 2029 [5] Market Position - Evergy currently holds a Zacks Rank 2 (Buy) [6]

Financial Performance & Outlook - Black Hills Corporation reaffirmed its 2025 EPS guidance range of $4.00 to $4.20[8] - The company is targeting a long-term EPS growth of 4% to 6% based off a 2023 base of $3.75 per share[8, 9] - Black Hills anticipates a capital investment of $1 billion in 2025 and $4.7 billion from 2025 to 2029[8] - The company targets a dividend payout ratio of 55% to 65%[8] Capital Investments & Growth Initiatives - Black Hills forecasts a capital investment of $4.7 billion from 2025 to 2029, with significant portions allocated to customer growth, system integrity, and modernization programs[10, 14] - The company expects to serve approximately 500 MW of data center demand by year-end 2029 through innovative tariffs with minimal capital investment[17] - Black Hills is making progress on the Ready Wyoming 260-mile electric transmission project, with the first phase completed and on track for completion by year-end 2025, the first phase cost about $40 million of the total $350 million project[50, 42] Regulatory & Operational Updates - New rates for Colorado Electric have been implemented, and gas rate reviews are actively being executed in Kansas and Nebraska[6, 58] - Wyoming HB192 was enacted, limiting wildfire-related liability[5, 62] - The company is adding 99 MW of dispatchable natural gas generation in 2026 (Lange II)[55]

Financial Performance - First Quarter 2025 GAAP EPS was $0.54, and adjusted EPS was also $0.54[19] - The company reaffirmed its 2025 adjusted EPS guidance of $3.92 - $4.12[19] - The long-term adjusted EPS target is 4% to 6% off of the 2025E midpoint of $4.02 through 2029E[19] - The company expects to be in the top half of the 4% to 6% range for long-term adjusted EPS growth[19] Economic Development and Demand - The economic development pipeline remains robust, with projects representing more than 11 gigawatts of incremental demand actively considering the service territories[25] - Actively Building projects account for 1.1 gigawatts[25] - Projects in the Finalizing Agreements stage represent approximately 1.3 gigawatts, with a potential 600 MW by 2029, which are not yet included in the 2-3% demand forecast[25] - Total retail sales growth potential is projected at 4-5% CAGR through 2029, including actively building and finalizing agreements[50] Capital Investment and Financing - The company is planning $17.5 billion of infrastructure investment from 2025E-2029E[55] - The financing plan includes $5.8 billion in incremental debt and $2.8 billion in equity & equity-like securities from 2025E-2029E[48] Regulatory and Generation - The 2025 IRP calls for over 2.1 gigawatts of new resources from 2025-2035 relative to the 2024 IRP[28] - The company is requesting a $196 million revenue increase in the Kansas Central Rate Case, representing an 8.62% increase since 2023[76]

Group 1 - The UK sovereign wealth fund has committed to providing £600 million to Iberdrola, a private multinational electrical company based in Bilbao, Spain, for the upgrade and modernization of the electricity grid [1]

HESPERIA, Calif., May 7, 2025 /PRNewswire/ -- Pacific Gas and Electric Company recently joined elite fire professionals, top state and federal officials, and senior leaders representing philanthropy, insurance providers, and other electric utilities for the first-ever autonomous wildfire suppression demonstration in California. A Sikorsky Black Hawk® helicopter equipped with autonomy systems from Lockheed Martin and Rain tracking and engaging multiple fires across a site, pulling water from dip tanks and ex ...

Financial Data and Key Metrics Changes - The company reported adjusted net income of $28.4 million and adjusted earnings per share of $1.74 for Q1 2025, an increase of $1.2 million or $0.05 per share compared to Q1 2024 [6][16] - The electric adjusted gross margin for Q1 2025 was $27.5 million, reflecting an increase of $400,000 or 1.5% year-over-year [17] - The gas adjusted gross margin for Q1 2025 was $70.9 million, an increase of $9.9 million or approximately 16.2% compared to the same period in 2024 [18] Business Line Data and Key Metrics Changes - The company added approximately 970 electric customers in Q1 2025 compared to Q1 2024 [17] - The company added approximately 9,230 new gas customers in Q1 2025, including 8,730 from the Bangor acquisition [18] Market Data and Key Metrics Changes - The company expects to add about 15,000 customers from the acquisitions in Maine, with customer growth rates of 4% to 5% in those areas [8][9] - The company anticipates that the low penetration of natural gas in Maine will drive continued conversions in the coming years [9] Company Strategy and Development Direction - The company is reaffirming its long-term guidance for earnings growth, dividend growth, and rate base growth, expecting acquisitions to support earnings growth toward the upper end of the 5% to 7% range over the next five years [7][13] - The company is pursuing acquisitions to expand its regulated operations and enhance its service areas, including the recent acquisition of Bangor Natural Gas and agreements to acquire Maine Natural Gas and three water utilities [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic initiatives and growth opportunities, stating that the company is in a strong position to provide long-term sustainable value [25] - Management noted that the acquisitions will be earnings neutral in the short run but are expected to become earnings accretive over the long run [13] Other Important Information - The company filed a distribution rate case with the New Hampshire Public Utilities Commission, proposing a revenue requirement increase of $18.5 million [21] - The current five-year capital budget totals approximately $1 billion, which is 46% higher than the prior five years [24] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Financial Data and Key Metrics Changes - The company reported adjusted net income of $28.4 million and adjusted earnings per share of $1.74 for Q1 2025, an increase of $1.2 million or $0.05 per share compared to Q1 2024 [6][16] - Electric adjusted gross margin was $27.5 million, up $400,000 or 1.5% year-over-year, driven by higher distribution rates and customer growth [18] - Gas adjusted gross margin reached $70.9 million, an increase of $9.9 million or approximately 16.2% compared to the same period in 2024, attributed to higher distribution rates, customer growth, and a return to normal winter weather [19] Business Line Data and Key Metrics Changes - The company added approximately 970 electric customers and 9,230 new gas customers in Q1 2025, including 8,730 from the Bangor acquisition [19][20] - Excluding the Bangor acquisition, gas adjusted gross margin was $68 million, reflecting a $7 million or 10.2% increase compared to Q1 2024 [20] Market Data and Key Metrics Changes - The company anticipates adding about 15,000 customers in Maine, where customer growth is projected at 4% to 5% [9] - The acquisition of Aquarian Water Company is expected to add 23,000 customers and $78 million of rate base as of December 31, 2024 [13] Company Strategy and Development Direction - The company is focused on expanding its regulated operations through recent acquisitions, including Bangor Natural Gas and Maine Natural Gas, which are expected to support long-term rate base and earnings growth [6][7] - The company reaffirmed its long-term guidance for earnings growth, dividend growth, and rate base growth, expecting acquisitions to support earnings growth toward the upper end of the 5% to 7% range over the next five years [7][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic initiatives and growth opportunities, stating that the company is in a strong position to provide long-term sustainable value [26] - The company expects rate base growth to accelerate to about 10% annually through 2029 due to acquisitions [14] Other Important Information - The company filed a distribution rate case with the New Hampshire Public Utilities Commission, proposing a revenue requirement increase of $18.5 million [22] - The current five-year capital budget totals approximately $1 billion, which is 46% higher than the previous five years, excluding growth from acquisitions [24] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Core Viewpoint - Georgia Power is advancing the construction of new battery energy storage systems (BESS) across multiple counties in Georgia to enhance the reliability and resiliency of the electric grid as the state grows [1][4]. Group 1: Project Details - Construction is underway for 765 megawatts (MW) of new BESS projects in Bibb, Lowndes, Floyd, and Cherokee counties, authorized by the Georgia Public Service Commission [1]. - The Hammond Battery Facility, a 57.5 MW BESS, will store excess energy for use during peak demand periods and is expected to be operational by November 2026 [2][6]. - The McGrau Ford Battery Facility in Cherokee County will consist of two phases totaling 530 MW, with projected operation dates in October 2026 and September 2026 [3][6]. Group 2: Benefits and Strategic Importance - BESS projects support the reliability and resilience of the electric system while enhancing the value of renewable energy resources like solar [4]. - The Robins BESS (128 MW) and Moody BESS (49.5 MW) projects are strategically co-located with existing solar facilities, allowing for efficient use of infrastructure and expedited deployment [5][6]. - The integration of BESS is crucial for accommodating the variability of renewable energy sources and meeting capacity needs [5]. Group 3: Future Developments - Georgia Power plans to procure an additional 1,000 MW of BESS through competitive bidding processes in the coming years [7]. - A 13 MW demonstration project is in development at Fort Stewart Army Installation, showcasing the company's commitment to expanding battery storage capabilities [7]. - The 2025 Integrated Resource Plan includes enhancements to customer-sited generation resources, aiming to secure an initial 50 MW of capacity through a new Customer-Sited Solar Plus Storage Pilot [8].

Group 1 - Bernard Fontana has been appointed as Chairman and Chief Executive Officer of EDF effective from May 7, 2025 [1] - EDF is a key player in the energy transition, operating in all aspects of the energy business including power generation, distribution, trading, energy sales, and energy services [2] - The Group is a world leader in low-carbon energy, with an output of 520 TWh, 94% of which is decarbonized, and a carbon intensity of 30 gCO2/kWh [2] - EDF's diverse generation mix is primarily based on nuclear and renewable energy, including hydropower [2] - The company aims to build a net zero energy future with innovative solutions and services, contributing to environmental sustainability and economic development [2] - EDF serves approximately 41.5 million customers and generated consolidated sales of €118.7 billion in 2024 [2]

Financial Data and Key Metrics Changes - Consolidated earnings for Q1 2025 were $0.98 per diluted share, an increase from $0.91 in Q1 2024, reflecting an almost 8% improvement in consolidated results [5][6] - The company confirmed its earnings guidance for 2025, with a consolidated range of $2.52 to $2.72 per diluted share [21][22] Business Line Data and Key Metrics Changes - Avista Utilities showed strong performance, contributing to the overall improvement in consolidated results [6] - Capital expenditures at Avista Utilities were $100 million in Q1 2025, with expectations of $525 million for the full year [20] Market Data and Key Metrics Changes - The company is actively engaging with potential new large load customers, which could enhance regional grid infrastructure and provide economic benefits [7][10] - The RFP process for generation needs identified for 2029 is underway, with bids expected to range from 50 megawatts to 400 megawatts [8][9] Company Strategy and Development Direction - The company is focused on infrastructure improvements and safety measures to mitigate wildfire risks, following recent legislation in Washington and Idaho [10][11] - The company is pursuing a multi-pronged approach to address tariff risks and is working with suppliers to mitigate potential impacts [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting consolidated earnings targets for 2025 and highlighted the importance of regulatory outcomes in supporting financial performance [6][16] - The company anticipates long-term earnings growth of 4% to 6% from a 2025 base year [23] Other Important Information - A settlement related to the Babb Road Fire litigation is expected to have no impact on earnings due to anticipated insurance proceeds [12] - The company is committed to investing in utility infrastructure, with significant capital expenditures planned over the next several years [20] Q&A Session Summary Question: Inquiry about the RFP process and potential cost impacts from IRA changes - Management acknowledged the uncertainty and indicated that opportunities for refreshing bids may be considered during the RFP process [26][27] Question: Discussion on natural gas needs related to large load customers - Management stated that the specifics would depend on the outcomes of the RFP and ongoing discussions with large load customers [29] Question: Clarification on the wildfire settlement and its implications - Management clarified that the settlement does not set a precedent for future events, as each situation will be evaluated on its own merits [33] Question: Impact of biotech trials on the valuation of the unregulated business - Management indicated that while there could be future impacts, it is too early to assess any valuation changes from ongoing trials [35][36] Question: Concerns about under-recovery of power costs in 2025 and 2026 - Management explained that the current mechanisms are locked in and that adjustments would require a multi-year strategy [43][44] Question: Managing affordability issues with growth and self-build generation - Management emphasized the integrated resource planning process to balance costs and compliance while engaging with large load customers [45]