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Connecticut's Utility Overhaul Creates Tailwinds For Eversource Stock: Analyst
Benzinga· 2025-10-21 18:07
Core Viewpoint - Eversource Energy is positioned for steadier growth due to an improving regulatory environment in Connecticut, leading to an upgrade from Bank of America to Buy with a price forecast increase to $85 from $73 [1][6]. Regulatory Environment - Connecticut is experiencing a positive regulatory reset following structural and leadership changes at the Public Utilities Regulatory Authority (PURA) [2]. - The implementation of Senate Bill 4, which expands PURA to five commissioners and allows for the securitization of storm costs, is seen as a significant turning point [3]. - The nomination of four new PURA commissioners by Governor Lamont, described as more balanced and technically experienced, indicates a shift towards stability in regulatory proceedings [4]. Near-Term Catalysts - Key near-term catalysts include the proposed decision on the Aquarion sale and the final order on Yankee Gas, with expectations that Eversource will re-market the segment if the sale is not approved [5]. - The clarity of the balance sheet is expected to unlock further rate base growth, with approximately $3 billion in deferred items being addressed [6]. Financial Projections - Bank of America has raised its earnings outlook for Eversource Energy, projecting 2026 earnings of $5.05 per share, an increase from $4.95, with 2027 and 2028 estimates also raised [6]. - The bank maintains a 5-7% EPS CAGR outlook through 2029, projecting gradual improvement in FFO-to-debt to 14.2% [7]. Valuation - The price forecast of $85 is based on a sum-of-the-parts (SOTP) valuation, applying 2027 average peer price-to-earnings multiples of 16.4x for the electric segment and 16.1x for natural gas, adjusted upward by 5% for expected earnings growth potential [8].
CenterPoint (CNP) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2025-10-21 14:16
Core Insights - Wall Street analysts anticipate CenterPoint Energy (CNP) to report quarterly earnings of $0.46 per share, reflecting a year-over-year increase of 48.4% [1] - Expected revenues for the quarter are projected at $1.98 billion, which is a 6.6% increase from the same quarter last year [1] - The consensus EPS estimate has been revised upward by 3.8% in the past 30 days, indicating a reassessment of initial estimates by analysts [1] Revenue Projections - Analysts estimate 'Revenues- Electric Transmission and Distribution' to reach $1.34 billion, representing a 7.7% increase from the previous year [4] - 'Revenues- Natural Gas Distribution' are projected at $654.61 million, indicating a 7.1% year-over-year increase [4] - The consensus estimate for 'Revenues- Utility' stands at $1.97 billion, reflecting a 6.9% increase from the year-ago quarter [4] Operating Income Estimates - 'Operating Income / (loss)- Natural Gas Distribution' is expected to be $115.11 million, up from $76.00 million reported in the same quarter last year [5] - 'Operating Income / (loss)- Electric Transmission and Distribution' is forecasted to reach $461.59 million, compared to $351.00 million in the previous year [5] Stock Performance - Over the past month, shares of CenterPoint have increased by 5.4%, outperforming the Zacks S&P 500 composite, which saw a 1.2% change [5] - CenterPoint currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [5]
Unitil Schedules Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-10-21 10:45
HAMPTON, N.H., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its third quarter 2025 earnings after the market closes on November 3, 2025. Unitil will host its conference call and webcast on November 4, 2025 at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company’s Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the C ...
Earnings Preview: What To Expect From Public Service Enterprise Group's Report
Yahoo Finance· 2025-10-16 06:36
New Jersey-based Public Service Enterprise Group Incorporated (PEG) is a diversified electric and gas utilities company. With a market cap of $41.1 billion, the company operates through PSE&G and PSEG Power segments. The utilities giant is set to unveil its third-quarter results before the market opens on Monday, Nov. 3. Ahead of the event, analysts expect PEG to report a profit of $1 per share, up 11.1% from $0.90 per share reported in the year-ago quarter. The company has a mixed earnings surprise histo ...
Earnings Preview: What To Expect From Alliant Energy's Report
Yahoo Finance· 2025-10-15 14:50
Core Insights - Alliant Energy Corporation (LNT) has a market capitalization of $17.6 billion and provides regulated electric and natural gas services in the Midwest through its subsidiaries [1] Financial Performance - Alliant Energy is expected to report fiscal Q3 2025 results on November 6, with an anticipated adjusted EPS of $1.14, slightly down from $1.15 in the same quarter last year [2] - For fiscal 2025, analysts project an adjusted EPS of $3.22, representing a 5.9% increase from $3.04 in fiscal 2024, with further growth expected to $3.44 in fiscal 2026, a 6.8% year-over-year increase [3] Stock Performance - LNT stock has increased by 12.2% over the past 52 weeks, which is lower than the S&P 500 Index's gain of 15.1% and the Utilities Select Sector SPDR Fund's increase of 15.4% during the same period [4] Recent Developments - Following the Q2 2025 results released on August 7, LNT shares fell slightly as revenues of $961 million missed consensus estimates, alongside a 14.8% rise in interest expenses to $124 million and a 4.5% decline in total utility gas volumes [5] - Cash flow from operations decreased to $492 million from $562 million year-over-year [5] Analyst Ratings - The consensus rating for LNT stock is "Moderate Buy," with 11 analysts providing coverage, including five "Strong Buys," five "Holds," and one "Strong Sell." The average price target is $69.44, indicating a potential upside of 1.3% from current levels [6]
How Much Would It Take To Earn $100 A Month From Black Hills Stock
Yahoo Finance· 2025-10-14 12:01
Core Insights - Black Hills Corp. is set to report its Q3 2025 earnings on November 5, with analysts expecting an EPS of $0.45, an increase from $0.35 in the same period last year [2] - The company’s quarterly revenue is projected to be $439.96 million, up from $401.60 million a year earlier [2] - The stock price of Black Hills has ranged from $54.92 to $65.59 over the past 52 weeks, and it offers a dividend yield of 4.43% [2] Financial Performance - In Q2 2025, Black Hills reported an EPS of $0.38, which was below the consensus estimate of $0.39, while revenues of $439 million exceeded the consensus of $412.68 million [3] - For the full year 2025, the company anticipates an EPS in the range of $4.00 to $4.20, indicating a year-over-year growth of 5% at the midpoint [4] Dividend Information - The company paid $2.72 per share in dividends over the last 12 months [2] - To generate an income of $100 per month from dividends, an investment of approximately $27,088 is required, based on the current dividend yield of 4.43% [5][6]
Black Hills Corp. Schedules 2025 Third-Quarter Earnings Release and Conference Call
Globenewswire· 2025-10-08 20:15
Core Points - Black Hills Corp. will announce its 2025 third-quarter earnings on November 5, 2025, after market close [1] - A live conference call and webcast to discuss the financial results will take place on November 6, 2025, at 11 a.m. EST [1] - The company serves 1.35 million natural gas and electric utility customers across eight states [4] Company Overview - Black Hills Corp. is a customer-focused, growth-oriented utility company based in Rapid City, South Dakota [4] - The company aims to be the energy partner of choice and has a tradition of improving life with energy [4] - It operates in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming [4]
CenterPoint unveils $65 billion capital spending plan over next 10 years
Yahoo Finance· 2025-09-29 20:15
Group 1: Capital Spending and Growth Plans - CenterPoint Energy plans to invest $65 billion in capital spending from 2026 through 2035 to meet surging power demand driven by data centers and electrification of industries [1] - The company intends to spend $4 billion on new projects to support growth in Texas, which is experiencing rapid development in data centers and energy-intensive industries [4] Group 2: Earnings Forecast - CenterPoint raised its annual adjusted earnings per share (EPS) forecast to a range of $1.75 to $1.77, which is 9% higher at the midpoint compared to the previous year [2] - The company expects its 2026 adjusted EPS to target at least the midpoint of the range of $1.89 to $1.91 [2] Group 3: Power Demand Projections - Power demand from U.S. data centers is projected to nearly triple in the next three years, potentially consuming up to 12% of total electricity produced [3] - CenterPoint anticipates electric peak load demand will increase by about 50% to nearly 31 gigawatts (GWs) by 2031, with peak power demand expected to double by the middle of the next decade [3] Group 4: Customer Base - CenterPoint delivers electricity and natural gas to over 7 million customers across several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas [5]
Why CareTrust REIT, Virtus Investment, And Alliant Energy Are Winners For Passive Income
Yahoo Finance· 2025-09-27 12:04
Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with CareTrust REIT, Virtus Investment, and Alliant Energy recently announcing dividend hikes and offering yields up to 5% [1] CareTrust REIT - CareTrust REIT Inc. has increased its dividends annually for the last 10 years, with the most recent hike on March 18 raising the quarterly payout from $0.29 to $0.335 per share, resulting in an annual figure of $1.34 per share [2] - The company maintained the same dividend payout in its September 15 announcement, with a current dividend yield of 3.91% [2] - As of June 30, CareTrust's annual revenue was $277.03 million, and it reported Q2 2025 revenues of $112.47 million and EPS of $0.43, both exceeding expectations [3] Virtus Investment Partners - Virtus Investment Partners has increased its dividends for seven consecutive years, with a 7% increase announced on August 14, raising the quarterly payout to $2.40 per share, equating to an annual figure of $9.60 per share [4] - The current dividend yield for Virtus is 5.05% [4] - The company's annual revenue as of June 30 was $884.72 million, with Q2 2025 revenues of $210.53 million and EPS of $6.25, both surpassing consensus estimates [4] Alliant Energy - Alliant Energy Corp. provides regulated electric and natural gas services in the U.S. [6]
Sempra shares surge 5% after $10B stake sale in infrastructure unit
Invezz· 2025-09-23 17:45
Core Viewpoint - Sempra is selling a 45% equity stake in its Sempra Infrastructure Partners unit to a consortium led by KKR and Canada Pension Plan Investment Board [1] Group 1 - The transaction involves a significant stake in Sempra's infrastructure business, indicating a strategic move to enhance capital and partnerships [1] - The consortium's involvement suggests confidence in the growth potential of Sempra's infrastructure assets [1] - This sale aligns with Sempra's broader strategy to optimize its portfolio and focus on core operations [1]