Dafinchi AI

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.

The AES Corporation

AES

Energy & Utilities

2w

Financial Performance Summary

Adjusted EPS increased 34% to $0.51 per share versus $0.38 in the prior year, supported by $185 million higher U.S. renewable tax attributes.
AES reported adjusted EBITDA of $681 million for Q2 2025, up from $658 million a year ago, driven by growth in renewables and cost reductions.
Capital allocation includes $500 million returned to shareholders via dividends and $1.8 billion invested in growth, mainly in renewables and utilities.
Energy Infrastructure SBU EBITDA declined due to prior year coal PPA monetization and portfolio changes, partially offset by higher fleet availability.
New Energy Technologies SBU EBITDA was lower, reflecting Fluence's fiscal Q2 results.
Parent free cash flow target of $1.15 billion to $1.25 billion is on track with double-digit year-over-year growth.
Renewables SBU EBITDA grew 56% year-over-year to $240 million, reflecting 3.2 gigawatts of new capacity and improved project returns.
Utilities SBU saw lower adjusted pretax contribution due to planned outages and the sell-down of AES Ohio, but growth is expected from new investments.

Range Resources Corporation

RRC

Energy & Utilities

3w

Financial Performance Summary

Effective tax rate is expected to be in the low single digits for 2025, rising gradually to mid- to high teens by 2028 due to updated tax rules.
Production averaged 2.2 Bcf equivalent per day in Q2, expected to remain flat in Q3 and increase to 2.3 Bcf equivalent per day in Q4, supporting growth plans for 2026 and beyond.
Q2 capital expenditure was $154 million, with year-to-date capital investment of approximately $300 million against a full-year budget of $650-690 million, leading to a lowered high-end capital guidance to $680 million.
Range expects free cash flow over the next three years to exceed $2 billion, roughly one-quarter of current market cap, supporting debt repayment and share repurchases.
Range repurchased $53 million in shares in Q2, totaling $120 million in the first half of 2025, and paid $21 million in dividends in Q2, totaling $43 million year-to-date.
Range Resources delivered consistent well performance and efficiency gains in Q2 2025, generating strong free cash flow and shareholder returns.
Senior notes totaling $606 million were repaid using cash on hand, contributing to a strong balance sheet with less than 1x leverage.

Avista Corporation

AVA

Energy & Utilities

1w

Financial Performance Summary

Avista Utilities' year-to-date earnings were $1.25 per diluted share, a nearly 7% increase over 2024's year-to-date results.
Capital expenditures at Avista Utilities were $236 million in the first half of 2025, with an expected total of $525 million for the full year.
Consolidated earnings for the first half of 2025 were $1.15 per diluted share, down from $1.20 in the first half of 2024.
Second quarter 2025 consolidated earnings were $0.17 per diluted share, compared to $0.29 in the second quarter of 2024.
Valuation losses of $0.12 per diluted share in Q2 2025 were primarily due to investments in clean technology-focused venture funds.

WHD

Energy & Utilities

2w

Financial Performance Summary

Adjusted EBITDA was $87 million, down 7.6% sequentially, with margins compressing to 31.7% from 33.5%.
Cash balance increased to $405 million, up approximately $58 million sequentially, supported by positive inventory and accounts payable movements and lower CapEx.
GAAP income was $49 million in Q2 versus $54 million in Q1; adjusted net income was $53 million with EPS of $0.66.
Legal expenses and reserves related to litigation increased by approximately $2 million to $5.1 million in Q2.
Net CapEx was approximately $11.1 million in Q2, with a reduced full-year 2025 CapEx outlook of $40 million to $45 million.
Operating income declined $12 million or 22.1% sequentially, with margin compression due to tariffs, lower rental revenue, and legal expenses.
Pressure Control segment revenue declined 5.5% sequentially to $180 million, driven by lower rental business revenue and unfavorable product mix.
Q2 2025 revenue was $274 million, a sequential decline of 2.4%.
Spoolable Technologies segment revenue increased 3.9% sequentially to $96 million, with improved operating income and margins.
The Board approved an 8% increase in the quarterly dividend to $0.14 per share.

Gulfport Energy Corporation

GPOR

Energy & Utilities

1w

Financial Performance Summary

Gulfport Energy reported adjusted EBITDA of approximately $212 million and adjusted free cash flow of $64.6 million in Q2 2025, exceeding analyst expectations.
Liquidity stood at $885 million, including $3.8 million in cash and $881.1 million in borrowing base availability.
Net cash provided by operating activities before changes in working capital was about $198 million, sufficient to cover capital expenditures and share repurchases while maintaining a strong balance sheet.
The company repurchased approximately 6.2 million shares at an average price of $113.48, reducing share count by about 18%.
Trailing 12-month net leverage decreased to approximately 0.85x as of June 30, 2025, down from the prior quarter.

California Water Service Group

CWT

Energy & Utilities

2w

Financial Performance Summary

Capital investments for Q2 and year-to-date were $119.4 million and $229.5 million, representing 14.2% and 7% increases respectively over 2024.
Net income for Q2 2025 was $42.2 million or $0.71 per diluted share, compared to $40.6 million or $0.70 per diluted share in Q2 2024.
Non-GAAP EPS increased 15% year-over-year in Q2 2025, a strong performance given the third year of the California rate case.
Non-GAAP Q2 2025 revenue increased $17.9 million or 7.2% compared to Q2 2024 non-GAAP revenue.
Q2 2025 revenue increased $20.7 million or 8.5% to $265 million compared to Q2 2024 revenue of $244.3 million.
The company maintained a strong liquidity profile with $50.5 million unrestricted cash, $45.6 million restricted cash, and $240 million available credit.
The company retained its A+ stable credit rating from S&P Global.
Year-to-date 2025 revenue was $468.9 million compared to $515 million in prior year; adjusted for interim rate relief, revenue increased $41.3 million or 9.7%.
Year-to-date net income was $55.5 million or $0.93 per diluted share compared to $110.5 million or $1.90 per diluted share prior year; adjusted for interim rate relief, net income increased $9 million or 19.4%.

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%.

Xcel Energy Inc.

XEL

Energy & Utilities

2w

Significant Upward Revision of Capital Investment Plan from $45B to Over $60B

Xcel Energy now estimates a need for an additional $15 billion of capital investment beyond the initial $45 billion forecast, largely within the current 5-year plan and some beyond.
Drivers include increased energy demand, generation, and transmission needs, especially in Texas, New Mexico, and the Upper Midwest.
The company plans to file for regulatory approval for nearly 5,200 MW of generation/storage projects by 2030, with decisions expected in 2026.
The incremental investment is driven by reliability, growth, and evolving energy policy landscape, including federal legislation and tax credits.

Chord Energy Corporation

WLLBW

Energy & Utilities

1w

Financial Performance Summary

Cash G&A expenses were $22 million, below guidance, with a $7 million reduction in full-year guidance due to synergy and efficiency gains.
Chord Energy delivered strong Q2 2025 results with adjusted free cash flow of approximately $141 million, exceeding expectations.
Lease operating expenses (LOE) were $10.02 per Boe, at the higher end of guidance due to increased workover costs after Q1 weather disruptions.
Net debt was approximately $810 million as of July 31, with net leverage around 0.3x trailing 12 months, and liquidity of about $1.8 billion.
Oil volumes were above the top end of guidance due to strong execution, well performance, and reduced downtime.
Production taxes averaged 7.3% of commodity sales, below expectations due to nonrecurring stripper well refunds.
Returned 92% of free cash flow to shareholders, including a base dividend of $1.30 per share and significant share repurchases reducing share count by about 10%.