Dafinchi AI

SM Energy Company

SM

Energy & Utilities

2w

Successful Integration and Optimization of Uinta Basin Assets

Completed integration of Uinta Basin assets, entering optimization phase.
Active pursuit of margin-enhancing opportunities across the value chain.
Drilled the first 3-mile lateral in the upper cube, setting stage for higher future returns.
Achieved record daily volume transported from Price River Terminal via rail, with waxy crude commanding a market premium.
Relocated remote e-fleet to frac over 30 wells into 2026 using 100% recycled water, enhancing sustainability and cost efficiency.

Patterson-UTI Energy, Inc.

PTEN

Energy & Utilities

3w

Market Volatility and Macro Uncertainty Impacting Oil and Gas Activity

Oil prices fluctuated between mid-$50s and mid-$70s per barrel due to trade policy fears, OPEC+ production signals, and geopolitical risks, creating market volatility.
Customer drilling and completion activity remains cautious, with expectations of potential negative impacts on U.S. oil production and natural gas demand, especially as LNG facilities come online.
Management emphasizes the unsettled macro environment and its influence on customer behavior and industry activity levels.

CNX Resources Corporation

CNX

Energy & Utilities

3w

Financial Performance Summary

Capital efficiency was highlighted with a ratio of about $0.85 per million in terms of capital efficiency, targeting $580 million of production over $500 million CapEx.
The company discussed second quarter production outperformance driven by new TIL performance, Apex Marcellus wells, Utica wells, operational execution, production efficiency gains, and uptime on base production.
The company expects to maintain current activity levels with no changes planned due to storage levels creeping towards 4 TCF.
The Utica wells' costs are already below target and well performance is slightly above expectations, contributing positively to production results.

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%.

DT Midstream, Inc.

DTM

Energy & Utilities

2w

FID on $600 Million of New Organic Growth Projects with 90% in Pipeline Segment

Reaching FID on approximately $600 million of new projects, with about 90% within the growing pipeline segment.
Key projects include a 15% capacity expansion of Guardian Pipeline anchored by a 20-year negotiated rate contract with an investment-grade utility.
First phase of interstate pipeline modernization focusing on Guardian Pipeline to improve reliability, supported by regional power demand growth and LNG connectivity.

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.

WEC Energy Group, Inc.

WEC

Energy & Utilities

2w

Progress and Uncertainty in Vantage Data Center Demand Forecast

Vantage's long-term demand potential is 3.5 gigawatts, with an active short-term target of 1.3 gigawatts by 2027.
The company is working on purchase agreements and plans to include this demand in their 5-year capital plan.
Further updates on the demand forecast and project development are expected in the third quarter.