JPMorgan analyst Arun Jayaram expressed his views about Chevron Corp (NYSE:CVX) ahead of its 2025 Investor Day on Nov. 12, 2025. • CVX shares are consolidating after recent moves. Get the latest updates here.Analyst ViewJayaram writes that he expects Chevron to emphasize its disciplined approach to managing macro and geopolitical volatility.The company will likely outline how its portfolio generates cash flow to support growth under a moderately conservative price outlook, adds the analyst.Also Read: Chevro ...

Occidental Petroleum Corporation (NYSE:OXY) will release earnings results for its third quarter, after the closing bell on Monday, Nov. 10.Analysts expect the Houston, Texas-based company to report quarterly earnings at 51 cents per share, down from $1.00 per share in the year-ago period. The consensus estimate for Occidental Petroleum's quarterly revenue is $6.7 billion, compared to $7.15 billion a year earlier, according to data from Benzinga Pro.On Nov. 5, Occidental announced that its board declared a r ...

Key Takeaways PSEG's Q3 adjusted EPS of $1.13 beat estimates and rose 25.6% year over year.Operating revenues reached $3.23 billion, up 22.1% from the prior-year quarter.PSEG narrowed 2025 EPS guidance to $4.00-$4.06, reflecting improved performance.Public Service Enterprise Group Incorporated (PEG) , or PSEG, reported third-quarter 2025 adjusted earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.01 by 11.9%. Earnings improved 25.6% from the prior-year reported figure of 90 cents per ...

Financial Data and Key Metrics Changes - The company narrowed its 2025 ongoing earnings guidance range to $3.17-$3.23 per share, trending towards the upper half of this range [7][16] - The ongoing earnings for Q3 were reported at $1.12 per share, achieving over 80% of the midpoint of the 2025 earnings guidance [13] - The 2026 earnings guidance is set at $3.36-$3.46 per share, representing a 6.6% increase over the 2025 midpoint [7][16] - The annual common stock dividend target for 2026 is $2.14 per share, a 5.4% increase from the 2025 target of $2.03 per share [8][16] Business Line Data and Key Metrics Changes - The company completed construction of energy storage projects totaling 175 megawatts and advanced gas path projects to enhance efficiency [6] - The projected peak demand growth by 2030 has increased to 50% due to new agreements with data centers, including a significant contract with Google [5][9] Market Data and Key Metrics Changes - The company is focusing on plug-and-ready sites to minimize transmission investments and accelerate customer service [5] - The Iowa retail construct stabilizes electric-based rates for customers through the end of the decade, benefiting existing customers [10] Company Strategy and Development Direction - The company is committed to customer-focused investments and maintaining affordability while driving growth [4][12] - The capital expenditure plan has been increased by 17% to $13.4 billion, with a projected compound annual growth rate of 12% from 2025 to 2029 [8][17] - The strategy includes proactive community engagement and a focus on renewable energy and energy storage projects [10][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth objectives and highlighted the importance of regulatory support for future projects [11][12] - The company anticipates continued earnings growth driven by data center expansions and load growth plans [9][12] Other Important Information - The company has updated its financing plans through 2029, with a focus on maintaining a balanced capital structure [19][20] - Regulatory initiatives are in progress, including requests for investments in renewable energy and natural gas facilities [22][23] Q&A Session Summary Question: Can you provide color on the ramp in demand and its impact on earnings trajectory? - Management indicated that the 7-8% growth is conservative and that timing is crucial for realizing load growth [27][28] Question: What are the assumptions regarding earned returns in Iowa? - The company confirmed that it expects to earn its authorized return, with potential upside for exceeding it [30] Question: Can you elaborate on the 2-4 gigawatts of additional load negotiations? - Management stated that these negotiations involve both expansions of existing facilities and new customers, with updates expected in the next 12 months [32][56] Question: What is the expected FFO to debt ratio by the end of 2025? - The company aims for a cushion of 50-100 basis points in its FFO to debt metrics to support growth [36] Question: How will the load growth impact the 2026 guidance? - The starting point for 2026 is modest, with data centers expected to ramp up load in the second half of 2026 [38] Question: What is the probability of conversion for the remaining gigawatts in the pipeline? - Management expressed high confidence in the pipeline, emphasizing the strategic advantages of their locations in Iowa and Wisconsin [42][44]

Petrobras (NYSE:PBR) Q3 2025 Earnings Call November 07, 2025 09:30 AM ET Speaker0Good morning. Welcome to the Petrobras webcast with analysts and investors about the Q3 results for 2025. It's a huge pleasure to be with you today. I'm going to share information with you before we start. This is going to be presented in Portuguese with simultaneous translation into English. The links to both languages are on our investor relations website. All participants will follow the internet transmission as listeners. A ...

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 ...

Core Insights - Consolidated Edison (ED) reported a revenue of $4.53 billion for the quarter ended September 2025, marking a year-over-year increase of 10.7% and exceeding the Zacks Consensus Estimate of $4.16 billion by 8.82% [1] - The company's EPS for the same period was $1.90, up from $1.68 a year ago, representing a surprise of 7.95% compared to the consensus estimate of $1.76 [1] Revenue Performance - Operating revenues for O&R were $349 million, surpassing the average estimate of $332.21 million, reflecting a year-over-year change of +6.1% [4] - CECONY's operating revenues reached $4.18 billion, exceeding the three-analyst average estimate of $3.85 billion, with a year-over-year increase of +11.1% [4] - Steam operating revenues were reported at $56 million, compared to the average estimate of $54.1 million, showing a +14.3% year-over-year change [4] - Con Edison Transmission reported operating revenues of $1 million, slightly below the average estimate of $1.02 million [4] - CECONY's Gas operating revenues were $392 million, exceeding the average estimate of $346.7 million, with a year-over-year increase of +16.3% [4] - O&R's Electric operating revenues were $308 million, surpassing the two-analyst average estimate of $288.21 million, reflecting a +5.1% year-over-year change [4] - Gas operating revenues totaled $433 million, exceeding the average estimate of $388.81 million, representing a +16.1% change compared to the previous year [4] - Electric operating revenues were reported at $4.04 billion, compared to the average estimate of $3.7 billion, indicating a +10.1% year-over-year increase [4] - CECONY's Electric operating revenues reached $3.73 billion, surpassing the average estimate of $3.42 billion, with a +10.6% year-over-year change [4] - Operating Income for CECONY was $914 million, slightly above the three-analyst average estimate of $901.84 million [4] Stock Performance - Shares of Con Ed have returned -4.7% over the past month, while the Zacks S&P 500 composite has changed by +1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

3rd Quarter 2025 Earnings Release Presentation November 6, 2025 Available Information On November 6, 2025, Consolidated Edison, Inc. issued a press release reporting its third quarter 2025 earnings and filed with the Securities and Exchange Commission the company's third quarter 2025 Form 10-Q. This presentation should be read together with, and is qualified in its entirety by reference to, the earnings press release and the Form 10-Q. Copies of the earnings press release and the Form 10-Q are available at: ...

Financial Data and Key Metrics Changes - The company reported year-to-date adjusted earnings of $0.45 per share, which included adjustments for a Canadian impairment and transaction expenses related to the Peak acquisition [9][10] - The pro forma leverage is described as very manageable, allowing the company to execute on capital investment and shareholder return plans over the next few years [9] Business Line Data and Key Metrics Changes - In the Permian, the company participated in the drilling and completion of the eighth well, which commenced production late in the quarter, contributing to strong performance [3][4] - The Marcellus region experienced sub-$2 net gas pricing due to shoulder season inventory builds, leading to operator-elected production curtailments, but pricing improved with a colder start to November [4][6] Market Data and Key Metrics Changes - The company has hedged approximately 60% of PDP oil volumes for 2026 at a weighted average WTI strike price of $63.30 per barrel, and about 50% of gas volumes with a weighted average floor above $3.30 and ceiling above $5.00 [8] Company Strategy and Development Direction - The acquisition of Peak Companies in the Powder River Basin is seen as a major strategic milestone, expected to enhance the company's position for success and outperformance in the medium and long term [3][5] - The company plans to focus on production optimization and the highly economic conventional Parkman inventory post-acquisition [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the integration of the Peak team and the potential for transformational results in 2027 under favorable market conditions [7][32] - The company anticipates increased investment in the Marcellus position over the next several years as the operator shifts focus towards the Auburn area, which holds over 15 gross un-drilled locations [6][15] Other Important Information - The company has executed definitive agreements to acquire Peak Companies, which includes the issuance of up to 8.5 million shares, subject to shareholder approval [5] - The company is in the early stages of exploring a sale of non-core midstream assets in Oklahoma [16] Q&A Session Summary Question: Clarity on BLM permits and development timeline for Parkman wells - Management confirmed that BLM has started reissuing permits in Converse, allowing for initial infrastructure investments, with a focus on development expected to kick off in late 2026 or early 2027 [22][23] Question: Expected activity for 2026 - Preliminary plans indicate approximately $20 million of CapEx in Peak assets, with $6 million allocated for two wells in the Permian and $13 million for Marcellus, though some CapEx may slide into 2027 [27][28] Question: Integration of the Peak team and non-drilling investments - Management expressed confidence in a smooth integration process, having done significant front-end work to ensure the right team is in place post-close [32] Question: Activity of offset operators in Campbell County and Converse - Management noted that most offset operators have drilled up the Parkman due to its economic viability, with ongoing activity in Niobrara and Mowry, and an expectation of increased rig counts in the Powder River Basin [35][36]

Financial Data and Key Metrics Changes - For the third quarter, APA Corporation reported consolidated net income of $205 million, or $0.57 per diluted common share, with adjusted net income of $332 million, or $0.93 per share, excluding a $148 million unrealized loss on derivatives [13][14] - The company generated $339 million of free cash flow and returned $154 million to investors through dividends and share buybacks [14][15] - Net debt was reduced by approximately $430 million, resulting in net financing cost savings of $75 million compared to the same period in 2024 [15][16] Business Line Data and Key Metrics Changes - In the Permian, oil production exceeded guidance, while capital investment and operating costs were in line with expectations [5][6] - In Egypt, gross BOEs grew sequentially, supported by a successful gas program, and the company received substantial payments, nearly eliminating past due receivables [6][8] - In the North Sea, operational efficiency and cost management led to higher production and lower costs compared to guidance [7] Market Data and Key Metrics Changes - The company raised its guidance for oil production in the Permian while adjusting gas guidance due to temporary curtailments in the field [8] - In Egypt, production estimates for the fourth quarter were slightly increased, reflecting ongoing momentum from the gas program [8] Company Strategy and Development Direction - APA Corporation is focused on disciplined capital allocation, cost reduction initiatives, and maintaining a strong balance sheet to navigate volatile oil price environments [4][10] - The company aims to realize $300 million in savings this year and reach a run-rate savings target of $350 million by the end of 2025, two years ahead of schedule [9][10] - Preliminary plans for 2026 include maintaining consistent activity levels in Egypt and a flexible approach to capital investment based on oil price movements [10][11] Management's Comments on Operating Environment and Future Outlook - The macro environment remains challenging, characterized by volatility and uncertainty in commodity prices due to geopolitical tensions [4] - Management expressed confidence in the company's ability to perform through cycles and respond quickly to changing market conditions [5] - The company plans to provide formal guidance for 2026 in February, with a focus on free cash flow generation [11] Other Important Information - The company is evaluating multiple capital allocation scenarios in light of recent oil price volatility [10] - The North Sea production is expected to decline by 15%-20% from 2025 into 2026 due to minimal investment in the asset [78] Q&A Session Summary Question: Can you elaborate on the flexibility regarding capital spending in 2026? - Management indicated that they have flexibility to adjust capital spending based on oil price movements, with a focus on maintaining production levels in the Permian and Egypt [23][24] Question: What is the potential cash flow impact from the legacy accelerated cost recovery in Egypt? - The cash flow impact is estimated to be around $60 million for next year, but management believes various factors could offset this decline [26][28] Question: How do you view exploration capital for 2026? - Management expects 2026 to be a light year for exploration, with potential activities in Alaska and Suriname [33][34] Question: What are the dynamics of gas pricing in Egypt? - The new gas pricing arrangement allows for growth in gas production, with pricing equivalent to $75-$80 Brent oil [66][68] Question: What is the outlook for the North Sea production and ARO activity? - Production is expected to decline, but tax benefits from ARO spending will provide some financial relief [78][80]