Dafinchi AI

Chord Energy Corporation

WLLBW

Energy & Utilities

1w

Advancement and Impact of 4-Mile Lateral Program

The company has expedited the 4-mile lateral program, with seven wells expected online by year-end, indicating accelerated development efforts.
Early results from the Rystedt well show performance exceeding expectations, with production outperforming type curves by 30% and rapid achievement of 97% of 2-mile well output after 150 days.
The 4-mile wells are projected to recover 90-100% more EUR than 2-mile wells at only 40-60% of the CapEx, significantly reducing breakeven costs and F&D costs by up to 30%.
Management is considering expanding the 4-mile program in 2026 if early results continue to be favorable, with potential to make up to 50% of future development plans.

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.

Select Energy Services, Inc.

WTTR

Energy & Utilities

2w

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%.

Gulfport Energy Corporation

GPOR

Energy & Utilities

2w

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.

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.

Chord Energy Corporation

CHRD

Energy & Utilities

1w

Financial Performance Summary

Cash G&A expenses were $22 million, below guidance, with a $7 million reduction in full-year cash G&A guidance.
Chord Energy delivered strong second quarter 2025 results with free cash flow of approximately $141 million, exceeding expectations.
Lease operating expenses (LOE) were $10.02 per Boe, at the higher end of guidance, mainly due to increased workover costs after first quarter 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 refunds for stripper wells.
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%.

Pinnacle West Capital Corporation

PNW

Energy & Utilities

2w

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%.

The Williams Companies, Inc.

WMB

Energy & Utilities

2w

Financial Performance Summary

Growth CapEx is expected near the high end of guidance at just under $2.9 billion, reflecting accelerated project timelines.
Northeast Gathering & Processing (G&P) business increased by $22 million or 5%, despite the negative impact of the Aux Sable divestiture.
Overall volumes increased across segments, with Gulf gathering volumes up 17% and NGL production up 77%.
The company expects a 9% CAGR in adjusted EBITDA from 2020 through 2025.
Transmission and Gulf business segment improved by $91 million or 11%, driven by expansion projects and higher revenues.
Upstream business showed a $7 million increase, partially offset by lower oil prices.
West segment grew by $22 million or 7%, supported by higher Haynesville volumes and the Rimrock acquisition.
Williams raised its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, representing a cumulative $350 million increase since 2024 guidance.
Williams reported an 8% increase in adjusted EBITDA for Q2 2025, reaching $1.808 billion compared to $1.667 billion in Q2 2024.

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.