Dafinchi AI

Duke Energy Corporation

DUK

Energy & Utilities

2w

Brookfield Infrastructure's $6 Billion Minority Investment in Florida

Enables a material strengthening of Duke Energy's credit profile amid significant growth.
Targeting FFO to debt of 15%, a 100 basis point increase from previous target.
Part of a broader strategy to fund $4 billion Florida capital plan, partially through sale proceeds.
Brookfield is a long-term partner, supporting Duke's growth in Florida.

American Water Works Company, Inc.

AWK

Energy & Utilities

2w

Financial Performance Summary

Depreciation and financing costs increased as expected to support investment growth.
Earnings were $1.48 per share for Q2 2025 compared to $1.42 in Q2 2024.
On a weather-normalized basis, EPS was up 9.4% year-to-date versus prior year.
Operating costs (O&M) increased primarily due to employee expenses, maintenance, technology, and acquisition-related costs.
Revenues increased due to authorized rate increases, acquisitions, and organic customer growth.
Total debt-to-capital ratio was 58%, within the target of less than 60%.
Year-to-date earnings were $2.53 per share compared to $2.37 in the same period of 2024.

American Water Works Company, Inc.

AWK

Energy & Utilities

2w

Strategic Expansion through Acquisitions and Regulatory Approvals

American Water announced a $315 million acquisition of Nexus Water Group, adding nearly 47,000 customer connections, expected to close by August 2026.
The company has 20 acquisitions under agreement worth $220 million, adding about 40,000 customer connections, with progress in Pennsylvania, West Virginia, and other states.
The acquisitions are driven by system consolidation, infrastructure upgrades, regulatory compliance, and operational enhancements.
The company emphasizes leveraging scale and size to deliver reliable services and expand in existing and new geographies.

SR

Energy & Utilities

2w

Strategic Acquisition of Piedmont Natural Gas Tennessee Business

Announced acquisition of Piedmont Natural Gas Tennessee from Duke Energy, adding $900 million to 5-year capital plan.
Transaction aims to increase scale, diversify portfolio, and expand into a high-growth, regulated jurisdiction.
Expected to close in Q1 2026, with regulatory approval sought within 45 days of announcement.
Funding strategy includes a bridge facility, potential sale of nonutility assets, and a balanced mix of debt, equity, and hybrid securities.
Integration expected to leverage existing shared services platform, with a focus on efficiency and long-term EPS growth of 5-7%.

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.

Select Energy Services, Inc.

WTTR

Energy & Utilities

1w

Strategic Growth in Water Infrastructure with Long-term Contracts

Signed several new long-term agreements for large gathering, recycling, distribution, and disposal projects in the Northern Delaware Basin.
Added approximately 60,000 acres of leasehold dedication and 385,000 acres under right of first refusal agreements.
Contracts encompass full water cycle including gathering, recycling, disposal, and distribution.
Contracts support expansion of recycling facilities and pipeline infrastructure.
Expectation of 20% YoY growth in water infrastructure revenue in 2026, building on double-digit growth in 2025.