Dafinchi AI

EVRG

Energy & Utilities

1w

Regulatory Milestones and Settlement Agreements in Kansas and Missouri

The Kansas settlement includes a net revenue increase of $128 million and a 9.7% return on equity for transmission, with earnings review surveillance reports to monitor performance.
The regulatory outcomes support Evergy’s strategic pillars of affordability, reliability, and sustainability, and facilitate grid modernization and new generation investments.
Management emphasized the importance of these regulatory milestones in enabling the company to advance construction and meet growing customer demand while maintaining stakeholder support.

FirstEnergy Corp.

FE

Energy & Utilities

2w

Financial Performance Summary

Capital investments totaled $2.5 billion through the first half of 2025, 29% ahead of the same period in 2024.
Cash from operations increased 60% year-over-year to $1.7 billion through June 30, 2025.
Core earnings for Q2 2025 were $0.52 per share versus $0.51 in Q2 2024.
GAAP earnings for Q2 2025 were $0.46 per share compared to $0.08 in Q2 2024.
Operating and maintenance (O&M) expenses were nearly 4% below plan year-to-date, reflecting strong financial discipline.
Return on equity (ROE) on a trailing 12-month basis was 9.7%, up 30 basis points from the end of 2024, within the targeted 9.5% to 10% range.
Year-to-date core earnings through the first half of 2025 were $1.19 per share, a 19% increase over the same period in 2024.

OGE Energy Corp.

OGE

Energy & Utilities

3w

Strategic Growth in Oklahoma City and International Recognition

Celebration of Oklahoma City's global recognition, including hosting 2028 Los Angeles Olympics events and NBA championship victory.
Significant local economic development, including new resort, water park, and expansion of Tinker Air Force Base.
Management's strong emphasis on growth opportunities and confidence in delivering top-half earnings guidance.

NRG Energy, Inc.

NRG

Energy & Utilities

2w

Long-term Data Center Power Agreements Validating Growth Strategy

Announced 295 MW retail power agreement with data center operator, initial 10-year term with options to extend to 20 years.
Pricing above target range midpoint with protected margins, operations expected to reach full capacity in 2030.
Active efforts to expand agreement to 500 MW with a long-term path to 1 GW across additional sites.
Over 4 GW of joint development agreements and LOIs with multiple data center sites.
Natural gas turbines reserved for future development supporting long-term data center contracts.
Highlights the strategic importance of data center demand for growth and recurring cash flow.

Entergy Corporation

ETR

Energy & Utilities

3w

Progress and Outlook on Resilience and Storm Hardening Investments

Entergy has approved over $2 billion for resilience projects, with roughly $400 million invested, including nine new substations and over 8,000 hardened poles.
Plans to complete about 30% of Phase 1 resilience projects by year-end, with future phases planned to support continued storm resilience improvements.
Implementation of new regulatory processes in Louisiana and Texas to expedite storm cost recovery, reducing carrying costs and boosting vendor confidence.
Deployment of advanced technology such as drones, cameras, and AI to enhance damage assessment and response efficiency during storms.

Duke Energy Corporation

DUK

Energy & Utilities

2w

Financial Performance Summary

Duke Energy reported adjusted earnings per share (EPS) of $1.25 for Q2 2025, up from $1.18 in Q2 2024, driven by top-line growth across Electric Utilities.
Electric Utilities and Infrastructure segment EPS increased by $0.10 year-over-year due to new rates in Carolinas, Florida, and Indiana, partially offset by higher O&M and interest expenses.
Gas Utilities and Infrastructure results were flat year-over-year, consistent with seasonal trends in the LDC business.
The company is on track to achieve its 2025 EPS guidance range of $6.17 to $6.42 and maintain a long-term EPS growth rate target of 5% to 7% through 2029.
The Other segment declined by $0.02 primarily due to higher planned interest expense.

DNOW

Energy & Utilities

2w

Record Second Quarter EBITDA at $51 Million

Second quarter EBITDA of $51 million, the best in DNOW's history as a public company.
Market activity declined sequentially and year-over-year, yet EBITDA improved 11% sequentially.
EBITDA margin reached 8.1%, surpassing the second quarter target and demonstrating earnings strength.

Delek US Holdings, Inc.

DK

Energy & Utilities

2w

Progress on Enterprise Optimization Plan (EOP) Exceeds Expectations

Delek increased EOP guidance from $120 million to $130-$170 million on a run rate basis.
Approximately $30 million of EOP benefits flowed through the P&L in Q2.
EOP is now considered a 'lifestyle' with ongoing weekly meetings, audits, and continuous improvement culture.
The company achieved its prior EOP target of $120 million a quarter ahead of schedule, indicating strong momentum.

EVGO

Energy & Utilities

2w

Largest U.S. Commercial Bank Financing for Charging Infrastructure

EVgo closed on a $225 million commercial bank financing for charging infrastructure on July 23, the largest of its kind in the U.S.
The facility has the ability to expand to $300 million and received a $48 million first drawdown.
This milestone diversifies EVgo's funding sources with low-cost, non-dilutive capital, enabling accelerated expansion and operational scale.