Risk/Reward archive
Spire reported 26Q1 GAAP EPS of $1.54, better than 25Q1’s EPS of $1.34. Non-GAAP, adjusted EPS was $1.77 vs. $1.34. I had projected a GAAP and Adjusted EPS of $1.77. By segment, Gas Utility’s adjusted earnings were $103.9…
Continue reading →26Q1 GAAP diluted loss per share was $1.22 and net financial earnings per basic share (NFEPS), a non-GAAP measure, was $1.17. That compares with 25Q1’s GAAP diluted EPS of $1.31 and net financial earnings per basic share of…
Continue reading →AWK reported 25Q3 EPS of $1.94, up from $1.80 in 24Q3 and exceeding my estimate of $1.91. Operating revenues rose 9.7% to $1.45 billion. Billed water service volumes dropped 1.0% and estimated average prices increased 10.6%. Operating and…
Continue reading →Public Service Enterprise Group (PEG) reported 25Q3 operating revenues of $3.23 billion, up 22.1% from 24Q3, due once again to base rate increases which more than offset modest volume declines. Diluted GAAP EPS was $1.24 vs. $1.03 last…
Continue reading →RGC Resources, Inc. (RGCO) is a holding company whose subsidiaries include Roanoke Gas Company (Roanoke Gas) and RGC Midstream, LLC (Midstream). Originally established in 1883, Roanoke Gas is a regulated gas utility that distributes and sells natural gas…
Continue reading →Spire reported 25Q3 GAAP EPS of $0.29, reversing last year’s 24Q2’s loss of $0.28. Non-GAAP, net economic EPS (NEEPS) was $0.01 vs. a loss of $0.14. I had projected a GAAP and NEEPS loss of $0.08. By segment,…
Continue reading →Public Service Enterprise Group (PEG) reported 25Q2 operating revenues of $2.81 billion, up 15.8% from 24Q2, due to base rate increases which more than offset volume declines. Diluted GAAP EPS was $1.17 vs. $0.87 last year. My GAAP…
Continue reading →25Q3 GAAP diluted loss per share was $0.15 and net financial earnings per basic share (NFEPS), a non-GAAP measure, was $0.06. That compares with 24Q3’s GAAP loss per share of $0.12 and net financial loss per share of…
Continue reading →AWK reported 25Q2 EPS of $1.48, up from $1.42 in 24Q2 and matching my estimate of $1.48. Operating revenues rose 11.1% to $1.28 billion. Billed water service volumes dropped 3.8% and estimated average prices increased 14.8%. Military and…
Continue reading →Public Service Enterprise Group (PEG) reported 25Q1 operating revenues of $3.22 billion, up 16.7% from 24Q1, due to base rate increases and higher volumes associated with the cold winter weather. Diluted GAAP EPS was $1.18 vs. $1.06 last…
Continue reading →AWK reported 25Q1 EPS of $1.05, up from $0.95 in 24Q1 and above my estimate of $0.98. Operating revenues rose 13.0% to $1.14 billion. Billed water service volumes were up 2.5% and estimated average prices increased 9.5%. Military…
Continue reading →25Q2 GAAP diluted EPS was $2.02 and net financial earnings per basic share (NFEPS), a non-GAAP measure, was $1.78. That compares with 24Q2 GAAP EPS of $1.22 and NFEPS of $1.41. I had projected GAAP EPS of $1.58…
Continue reading →Spire reported 25Q2 GAAP EPS of $3.51, down from $3.58 in 24Q2. Non-GAAP, net economic EPS (NEEPS) was $3.60, up from $3.45. I had projected GAAP and NEEPS of $3.75. Operating revenues of $1.05 billion were down 6.8%…
Continue reading →Spire reported 25Q1 GAAP EPS of $1.34, down from $1.52 in 24Q1. Non-GAAP, net economic EPS (NEEPS) was $1.34, down from $1.47. I had anticipated economic EPS of $1.49. Operating revenues of $669.1 million were down 11.1% YOY…
Continue reading →25Q1 GAAP diluted EPS was $1.31 and net financial earnings per basic share (NFEPS), a non-GAAP measure, was $1.29. That compares with 24Q1 GAAP EPS of $0.91 and NFEPS of $0.74. I had projected GAAP EPS of $1.19…
Continue reading →Public Service Enterprise Group (PEG) reported 24Q4 operating revenues of $2.46 billion, down 5.4% from 23Q4. Diluted GAAP EPS was $0.57 vs. $1.09 last year. 24Q4 operating income fell 35.7%, as the company last year booked mark-to-market gains…
Continue reading →AWK reported 24Q4 EPS of $1.23, up from $0.88 in 23Q4 and above my estimate of $1.13. Operating revenues rose 16.4% to $1.20 billion. Water and wastewater revenues increased 13.8%, with billed water service volumes up 4.4% and…
Continue reading →24Q4 GAAP diluted loss per share was $0.91 and net financial earnings per basic share (NFEPS), a non-GAAP measure, was $0.89. That compares with 23Q4 GAAP EPS of $0.38 and NFEPS of $0.30. I had projected GAAP EPS…
Continue reading →Spire reported a 24Q4 GAAP loss of $0.51 per share, better than 23Q4’s $0.66 loss. Its non-GAAP, net economic loss per share (NEEPS) was $0.54, also improved over 23Q4’s $0.78 loss, but worse than my $0.41 loss estimate. …
Continue reading →Public Service Enterprise Group (PEG) reported 24Q3 operating revenues of $2.64 billion, up 7.6% from 23Q3. Diluted GAAP EPS was $1.03 vs. $0.27 last year. 24Q3 operating income rose 16%, but most of the gain vs. the prior…
Continue reading →AWK reported 24Q3 EPS of $1.80, up from $1.66 in 23Q3 and above my estimate of $1.67. Operating revenues rose 13.4% to $1.32 billion. Water and wastewater revenues increased 11.3%, with billed water service volumes up 2.8% and…
Continue reading →Spire Inc. (NYSE:SR) is a public utility holding company based in St. Louis, MO. The company operates in three segments: Gas Utility, Gas Marketing and Midstream. Its Gas Utility segment accounts for 93% of Spire’s operating revenues and…
Continue reading →24Q3 GAAP diluted loss per share was $0.12 and net financial loss per basic share, a non-GAAP measure, was $0.09. That compares with 23Q3 GAAP EPS of $0.02 and net financial earnings per share (NFEPS) of $0.10. I…
Continue reading →AWK reported 24Q2 EPS of $1.42, down from $1.44 in 23Q2 and below my estimate of $1.48. Operating revenues rose 4.7% to $1.14 billion. Billed water service volumes declined 0.4%, but this was more than offset by an…
Continue reading →Public Service Enterprise Group (PEG) reported 24Q2 operating revenues of $2.42 billion, unchanged from 23Q2. PSE&G’s operating revenues rose 26.2% to $1.86 billion. PSEG Power & Other’s net revenues, excluding sales to affiliates, fell 24.2% to $0.68 billion. …
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