Dafinchi AI

WTRG

Energy & Utilities

Earnings per share increased 35.7% year-over-year, partially offset by higher O&M, depreciation, interest, and taxes.
Net income for the Gas business was $17.5 million for the quarter.
O&M expenses rose 4.2% year-over-year, mainly due to increased employee-related costs, bad debt expense, and legal expenses.
Purchased gas costs increased $23 million due to higher commodity prices and usage.
Revenues increased $80.5 million from $434.4 million to $514.9 million, with $44 million attributed to rates and surcharges.
Revenues increased 18.5% year-over-year, driven by favorable rate case outcomes, higher purchased gas costs, and increased gas volumes.
The company expects GAAP EPS to exceed the guidance range of $2.07 to $2.11 for 2025, largely due to several nonrecurring benefits.
The company reported GAAP earnings per share of $0.38 for Q2 2025, a 35% increase over the same quarter last year.

VVV

Energy & Utilities

Adjusted EBITDA increased 12% to $130 million, considering refranchising impacts.
Adjusted EPS rose 18% to $0.47, factoring in refranchising effects.
Cash balance was approximately $68 million at quarter end.
Gross margin rate expanded by 80 basis points to 40.5%, driven primarily by labor leverage.
Leverage ratio stood at 3.3x on a rating agency adjusted basis.
Same-store sales comps grew 4.9%, with a 12% increase on a 2-year stack.
SG&A as a percent of sales increased 80 basis points to 18.5%, mainly due to technology investments.
System-wide sales increased 10% to $890 million in Q3 2025.

NJR

Energy & Utilities

Cash flow from operations is projected between $460 million and $500 million for fiscal 2025, supported by stable utility earnings and contributions from other segments.
Higher utility margins at New Jersey Natural Gas post rate case, a $0.30 per share benefit from the sale of the residential solar portfolio, improved Storage & Transportation performance, and strong Energy Services results contributed to the financial improvement.
NJR reported a third quarter NFEPS of $0.06 compared to a net financial loss of $0.09 per share last year, showing a significant turnaround.
The company maintains a strong balance sheet with an adjusted FFO to adjusted debt ratio projected at 19% to 21%, and $825 million in credit capacity.
Utility gross margin for the quarter was stronger than expected, driven by the new rate case benefits and operational expense improvements.
Year-to-date NFE was $313.4 million or $3.13 per share, representing a nearly 55% increase year-over-year.

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