Dafinchi AI

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.

WHD

Energy & Utilities

2w

Impact of Unexpected Doubling of Section 232 Tariffs from 25% to 50% in June 2025

The Section 232 tariffs on steel and derivatives were unexpectedly doubled from 25% to 50% on June 4, 2025, with no prior notice.
This change increased tariffs on imports from Vietnam and China, impacting cost structure and margins.
The company broadened its supply chain to higher-cost jurisdictions, including the U.S., to ensure delivery certainty.
Higher material costs led to faster inventory depletion and depressed margins at quarter-end.

Portland General Electric Company

POR

Energy & Utilities

3w

Progress on Oregon Regulatory Framework and Multiyear Rate Making

PGE completed filings for a holding company structure to reduce investment costs and support clean energy goals.
The company signed an MOU with Oregon regulators and stakeholders to govern key rate base investments, including the Seaside Battery Project and distribution system assets, aiming for regulatory predictability.
The new regulatory approach emphasizes multiyear rate making, securitization, and flexible recovery mechanisms, reducing the need for frequent rate cases and enhancing planning certainty.

Pinnacle West Capital Corporation

PNW

Energy & Utilities

1w

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%.

Eversource Energy

ES

Energy & Utilities

2w

Impact of Connecticut Legislation SB4 on Storm Cost Securitization and Customer Bills

SB4 allows for securitization of storm costs from 2018-2025, improving customer bill predictability and strengthening the balance sheet.
Legislation enables bonds to cover public benefit program costs, potentially reducing customer bill impact.
Legal and regulatory approval process ongoing, with securitization expected to take 12-18 months, likely completing in 2027.

OKE

Energy & Utilities

2w

Final Investment Decision on Permian Delaware Basin Natural Gas Processing Plant

Announced a $365 million FID for a new 300 MMCF/day plant in the Permian's Delaware Basin, supporting strategic growth in a key area.
Project supports increasing processing capacity to 1.1 BCF/day in the basin, with over 700 MMCF/day currently operational.
Expected completion in mid-2027, with additional low-cost expansions and new capacity driven by acreage dedication and producer activity.

NextEra Energy, Inc.

NEE

Energy & Utilities

3w

Impact of the One Big Beautiful Bill Act on Renewable Project Development and Safe Harbor Interpretation

The Act provides that wind and solar projects must be placed in service by December 31, 2027, with a safe harbor for projects beginning construction before July 4, 2026.
NextEra's interpretation of 'begin construction' aligns with long-standing treasury guidance, relying on industry consensus and past reliance.
The company has made significant financial commitments in reliance on these rules, believing it has begun construction on enough projects to cover development through 2029.
Management views the Act as constructive, creating opportunities for project pull-forward and strategic advantages for large developers like NextEra.