Key Takeaways Consolidated Edison plans $38B in capital spending through 2029 to strengthen electric, gas and steam systems.ED is building the Brooklyn Clean Energy Hub to support offshore wind and add 1,500 MW capacity.ED's earnings visibility depends on rate cases, which can pressure returns if costs aren't fully recovered.Consolidated Edison’s (ED) capital investment program is expected to strengthen its core infrastructure and operational capabilities, leading to improved service reliability for custome ...

Summary of Key Points from the Energy Sector Conference Call Industry Overview - The conference call focuses on the energy sector, particularly oil and natural gas, with insights into market dynamics and future trends for 2026 and beyond [1][2][3]. Core Themes and Insights 1. **Affordability and Inflation**: The U.S. administration is prioritizing lower oil prices and inflation control, particularly in the lead-up to the 2026 midterms. Gasoline, diesel, and electricity prices are key focus areas [4][24][30]. 2. **Oil Market Outlook**: A bearish consensus on oil prices is expected to hold in the first half of 2026, driven by OPEC's production adjustments and modest U.S. shale growth. The market is characterized by rising inventories, indicating a well-supplied environment [4][37]. 3. **U.S. Shale Production**: U.S. shale is facing challenges in sustaining production levels due to maturing core acreage and the need for higher prices to support growth. Efficiency gains are being leveraged by larger operators to offset declines [5][38][42]. 4. **Natural Gas Volatility**: The natural gas market is expected to experience increased volatility as demand outpaces storage capacity. The projected rise in power demand for gas in 2026 is significant, with a forecasted increase of approximately 4% [5][53]. 5. **M&A Activity**: The energy sector is likely to see increased mergers and acquisitions, driven by the need for scale and efficiency. Integrated models combining upstream, midstream, and downstream operations are becoming more attractive [6][54][59]. 6. **LNG Market Dynamics**: The global LNG market is adjusting to oversupply concerns, with U.S. LNG capacity projected to reach approximately 264 million tons per annum by 2030. However, project delays and lower utilization rates may pressure margins [9][68]. 7. **Refining and Marketing Sector**: The refining sector is expected to face volatility in 2026, with lower crack spreads year-over-year. Underinvestment in the sector may support long-term stability, but short-term revisions are likely downward [10][12]. 8. **Offshore and Deepwater Growth**: Offshore capital expenditures are expected to remain flat in 2026, with a cautious outlook for deepwater growth. Investment in subsea technology is anticipated to improve utilization rates [11][12]. Key Companies Mentioned - **Top Picks**: OVV, SLB, EQT, CVX, XOM, COP, CRC, CVE CN, BKR, FLOC, GPOR, SOBO CN, SOC, WMB [3][15][17]. - **Specific Company Insights**: - **Chevron (CVX)**: Conservative growth outlook with potential upside from various projects [19]. - **ExxonMobil (XOM)**: Strong upstream and downstream assets, operational excellence driving growth [19]. - **ConocoPhillips (COP)**: High-quality assets with competitive returns [19]. - **EQT Corporation (EQT)**: Positioned well for long-term growth in the Appalachian basin [19]. - **Baker Hughes (BKR)**: Strong positioning in diverse end markets with a focus on long-term earnings [20]. Additional Important Insights - **Market Sensitivity**: The natural gas market's sensitivity to weather and LNG flows is increasing due to limited storage capacity, which could lead to price volatility [50][51]. - **Technological Advancements**: Companies are increasingly adopting AI and other technologies to enhance operational efficiency, with significant potential for further deployment across the sector [45]. - **Geopolitical Factors**: Ongoing international tensions, particularly in oil-producing regions, could impact market dynamics and pricing strategies [3][37][27]. This summary encapsulates the key themes and insights from the energy sector conference call, highlighting the challenges and opportunities facing the industry as it heads into 2026.

RAPID CITY, S.D., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) will announce its 2025 fourth-quarter and full-year earnings after the market closes Wednesday, Feb. 4, 2026, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Feb. 5, 2026, to discuss the company’s financial results. To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Call. Please allow at least five minutes ...

Core Viewpoint - Capital Power has extended its summer tolling agreement for the Arlington facility with an investment-grade utility, increasing the contract duration to 2038, which is expected to enhance revenue and growth opportunities in the U.S. southwest [1][9]. Group 1: Agreement Details - The summer tolling agreement has been extended by 7 years, now running through October 2038, providing a total of 13 years of contracted revenue [9]. - The facility will undergo a 35 MW capacity uprate, with 10 MW added in 2026 and an additional 25 MW in 2027, to support Arizona's peak demand [4][3]. Group 2: Financial Impact - The facility is projected to achieve an adjusted EBITDA uplift of approximately US$70 million annually by 2032, which includes the impact of the uprate [2][9]. - The uprate is expected to contribute around US$8 million per year to adjusted EBITDA starting in 2027 [2]. Group 3: Strategic Importance - The Arlington facility, a 600 MW natural gas-fired combined cycle plant, plays a crucial role in Arizona's energy landscape, ensuring reliable power and operational performance [3][6]. - The toll structure allows for flexibility during non-summer periods, enabling the facility to capture incremental energy value and capacity value in CAISO and the Desert Southwest starting in 2027 [5]. Group 4: Company Overview - Capital Power is recognized as North America's fifth-largest natural gas Independent Power Producer (IPP), emphasizing its commitment to reliable energy solutions across the continent [6]. - The company operates approximately 12 GW of power generation across 32 facilities, focusing on delivering reliable and affordable power while building lower-carbon power systems [18].

Extends Arlington Valley (Arlington) tolling agreement with the current counterparty by 7 years through 2038, increasing the remaining contract life to 13 yearsAdds 35 MW of incremental capacity to meet Arizona’s growing peak power demandDelivers a total estimated annual Adjusted EBITDA uplift of ~US$70 million by 2032 EDMONTON, Alberta, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Capital Power (TSX: CPX) today announced the extension of its summer tolling agreement for the Arlington facility with the current counter ...

Key Takeaways According to two different government measurements of prices, inflation in these sectors is still having an impact on the U.S. economy: Electricity and Utilities Electricity was up 6.9% year-over-year in the Consumer Price Index (CPI) for November. It's one of a handful of energy products and services that have increased this year, with utility gas services, fuel oils and other motor fuels all growing faster than the overall annual inflation rate of 2.7%. Data centers that power artificial int ...

Osaka Gas has commenced commercial operations at the No.1 unit of its new 1.25GW Himeji gas-fired power plant in western Japan, reported Reuters. This marks the start of expanded domestic thermal power generation capacity for Osaka Gas, with the Himeji facility utilising a gas turbine combined-cycle system. The Himeji power station comprises two units, each with a capacity of 622.6MW. According to Osaka Gas, the No.2 unit is scheduled to begin operations in May. Once both units come online, the company ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

In this article, we will take a look at some of the best dividend stocks to buy in January.Valuations have climbed to historically high levels as tech stocks stayed in favor. Bank of America strategist Savita Subramanian said the S&P 500 is showing elevated readings across 18 of the 20 valuation measures she tracks. Those include trailing price-to-earnings, enterprise value to EBITDA, and forward consensus PE.As those numbers stretched, investors began stepping away from last year’s tech winners and rotatin ...

Core Perspective - The EU carbon border adjustment mechanism (CBAM) aims to enhance the competitiveness of European manufacturers against non-EU companies with less stringent emissions regulations, with China being the first to threaten retaliation [1][4]. Group 1: Mechanism Overview - The CBAM was created to address the high costs associated with the EU's stringent emission-reduction standards, which have made European products like steel and cement less competitive compared to cheaper imports from countries like China [2][3]. - The mechanism imposes a price on carbon dioxide emissions from goods produced in exporting countries, establishing default emission values and benchmarks for specific products [6]. Group 2: Reactions from Major Exporters - China's Ministry of Commerce criticized the CBAM as "unfair" and "discriminatory," indicating that it would take necessary measures to counteract what it perceives as unfair trade restrictions [4]. - The CBAM is unpopular among major exporters to the EU, but it has been effective in encouraging countries to develop or expand their carbon pricing initiatives, marking a significant policy shift for the EU [5]. Group 3: Implications for Competitiveness - The implementation of the CBAM is intended to ensure that cheaper imported steel, cement, and electricity are not as competitively priced, thereby protecting European industries [3]. - China's existing carbon market, established in 2021, complicates the situation as it seeks to maintain its competitiveness in the face of the new EU regulations [5].