Dafinchi AI

Chord Energy Corporation

CHRD

Energy & Utilities

1w

Impact of 4-Mile Lateral Program on Future Capital Efficiency

The expedited 4-mile lateral program is now expected to have seven wells online by year-end, with encouraging early results from the Rystedt well.
4-mile wells are projected to recover 90% to 100% more EUR than 2-mile wells, with only 40% to 60% more CapEx, significantly enhancing economic returns.
Performance from the initial 4-mile well exceeds expectations, contributing nearly 97% of a 2-mile well’s output after 150 days.
Management indicates that if the 4-mile program continues to outperform, it could constitute up to 50% of future development plans, representing a major strategic shift.
The company is actively preparing permitting and operational plans to potentially accelerate and expand the 4-mile lateral development in 2026.
The success of the 4-mile program could lead to substantial capital savings and lower F&D costs, reinforcing its strategic importance.

Clearway Energy, Inc.

CWEN

Energy & Utilities

1w

Financial Performance Summary

Clearway Energy reported adjusted EBITDA of $343 million and CAFD of $152 million for Q2 2025.
Flexible generation results were consistent with sensitivities, influenced by mild weather and maintenance timing.
Lower-than-expected wind resources and maintenance optimization impacted Q2 results, with expectations for in-line performance in Q3.
The Catalina Solar acquisition contributed to the raised 2025 CAFD guidance.
The company expects to generate $270 million or more of retained CAFD from 2025 to 2027 to fund growth investments.
The company updated its 2025 CAFD guidance range to $405 million to $440 million, targeting the higher end of the range.

Comstock Resources, Inc.

CRK

Energy & Utilities

2w

Western Haynesville Acreage Growth and Drilling Strategy

Western Haynesville footprint expanded to nearly 525,000 net acres since initial lease in 2020.
29 wells drilled with 24 currently producing, including high-pressure, organic-rich shale.
Focus on derisking the play through pilot holes, logs, and optimizing completion techniques.
Drilling 9 horseshoe lateral wells in 2025 with significant cost savings (35%) compared to traditional wells.
Average lateral length increased to 9,686 feet, providing over 30 years of drilling inventory at current activity levels.
Significant improvement in drilling times, averaging 58 days in Q2 2025, down from 95 days in 2022.
Ongoing pilot programs and seismic work to refine reservoir understanding and improve EURs.
Proactive coring program to validate geological models and optimize completions.
No change in capital allocation despite exploration success, emphasizing long-term value creation.

New Jersey Resources Corporation

NJR

Energy & Utilities

2w

Significant Investment and Regulatory Progress in Utility and Clean Energy Projects

NJR raised its full-year guidance and increased CapEx projections driven by utility investments, advanced projects through the CEV pipeline, and regulatory progress.
Reported robust investment at New Jersey Natural Gas under the SAVEGREEN program, with a 30% increase in 2025 capital projections to $90-$95 million.
Advancement of the CEV pipeline, with 63 MW placed into service so far in 2025, and a pipeline of 131 MW scheduled for the next two years, representing $350 million of investment.

Pinnacle West Capital Corporation

PNW

Energy & Utilities

1w

Financial Performance Summary

Customer growth was 2.4% in Q2, supported by strong population growth and economic conditions in Arizona.
O&M costs were higher due to timing of a major planned outage at the Four Corners plant, but cost-saving measures remain in place.
PNW reported Q2 2025 earnings of $1.58 per share, down $0.18 from Q2 2024, primarily due to weather, O&M costs, share issuance, pension and OPEB nonservice credits, income taxes, and depreciation & amortization.
The company issued $800 million in bonds in Q2 to refinance 2025 maturities and support its financing strategy.
Transmission revenue and a gain from an El Dorado equity investment partially offset negative drivers.
Weather-normalized sales grew 5.2% year-over-year, driven by strong residential and commercial & industrial (C&I) customer growth, with C&I sales up 8%.

Gulfport Energy Corporation

GPOR

Energy & Utilities

1w

Strategic Acreage Acquisition and Inventory Expansion in Utica Shale

Gulfport announced plans to allocate up to $100 million for discretionary acreage acquisitions in the Utica Shale, marking the highest leasehold spend in over 6 years.
The company aims to secure 40 to 50 new wells in Belmont and Monroe counties, focusing on low breakeven, high-quality acreage.
These acquisitions are expected to add more than 2 years of core drilling inventory, reinforcing long-term growth prospects.
The targeted areas are adjacent to current operations, allowing for synergies and infrastructure advantages.
The company has already invested $7 million in Q2 2025 and plans to continue aggressive land acquisition efforts into early 2026.
This strategic focus on high-return wet and dry gas windows demonstrates a proactive approach to resource development.

Devon Energy Corporation

DVN

Energy & Utilities

1w

Devon Energy's Business Optimization Plan and $1 Billion Free Cash Flow Target

Devon Energy aims to create an incremental $1 billion of annual free cash flow by the end of 2026 through operational efficiencies and cost reductions.
Management highlighted that 40% of their $1 billion target was achieved within the first 4 months of the initiative.
The company is leveraging technology, including AI, to drive production enhancements and operational efficiencies.
Significant progress has been made in reducing capital guidance by 10%, or $400 million, while increasing production outlook.
The plan includes strategic asset sales, such as the Matterhorn Pipeline divestiture, and acquisitions like Cotton Draw Midstream to strengthen financial position.
Management emphasized transparency and accountability in tracking progress toward the free cash flow goal.

CenterPoint Energy, Inc.

CNP

Energy & Utilities

3w

Financial Performance Summary

CenterPoint Energy reported diluted GAAP earnings per share of $0.30 and non-GAAP EPS of $0.29 for Q2 2025, compared to $0.36 non-GAAP EPS in Q2 2024.
Equity issuances of $500 million last year, including a $250 million pull forward, resulted in a $0.01 unfavorable variance quarter-over-quarter.
The first half of 2025 non-GAAP EPS is approximately 46% of the midpoint of the full year guidance range of $1.74 to $1.76, in line with expectations.
Through the first half of 2025, $2.4 billion of base capital work was invested, on track to meet the revised 2025 capital investment target of $5.3 billion.
Trailing 12-month adjusted FFO to debt ratio was 14.1% at quarter end, with credit metrics expected to strengthen through the year.
Unfavorable variances included $0.01 from rate recovery netted with depreciation and taxes, $0.03 from O&M due to accelerated vegetation management, and $0.03 from higher interest expense and financing costs.
Weather and usage contributed a favorable $0.01 variance, mainly from Houston Electric's warmer start to 2025 compared to 2024.

Select Energy Services, Inc.

WTTR

Energy & Utilities

1w

Financial Performance Summary

Chemical Technologies segment revenues declined about 11% sequentially but exceeded margin guidance with 17.5% gross margin before D&A.
Consolidated adjusted EBITDA was $73 million in Q2, above the high end of prior guidance.
Select Water Solutions increased net income by 22% and adjusted EBITDA by 13% in Q2 2025.
SG&A increased to $39 million (just under 11% of revenue), partly due to Peak carve-out costs.
Water Infrastructure segment revenues grew 12% with a 55% gross margin before D&A, up 1.5 percentage points sequentially.
Water Services segment revenues decreased approximately 4% sequentially, with gross margins holding steady around 20%.

GWH

Energy & Utilities

5d

Strategic Pivot to Long-Duration Energy Storage and Market Focus

ESS has shifted its strategic focus towards long-duration energy storage solutions, emphasizing the Energy Base product as a core growth driver.
The company highlighted the limitations of short-duration storage and lithium-ion technologies, positioning itself as a leader in scalable, safe, and sustainable long-duration storage.
Management noted a significant increase in market demand, with proposal activity exceeding 1.1 gigawatt hours since the Energy Base launch in February.
The company’s relationships with Tier 1 customers and utilities are foundational to its long-term growth strategy in the evolving energy transition market.
ESS’s pivot includes a focus on building a commercial pipeline with a growing number of RFPs and strategic partnerships, signaling a shift from project-based to pipeline-based revenue.
The company aims to convert commercial momentum into multiyear agreements, targeting revenue growth starting in 2026.