Category Archives: Utilities

Consolidated Water 18Q1 Update

CWCO reported first quarter net earnings attributable to stockholders $2.1 million or $0.14 cents per diluted share.  That compares with 17Q1 net income of $2.6 million or $0.18 per diluted share.  Revenues declined 2.2% to $15.7 million.

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PSEG Dances to Stay Fit

Public Service Enterprise Group (PSEG) is a public utility holding company whose principal direct operating subsidiaries include Public Service Electric & Gas (PSE&G), which serves 2.2 million electric customers and 1.8 million gas customers along a northeast to southwest swath … Continue reading

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Lack of Comprehensive Energy Policy May Prove Costly to U.S.

Last week, I attended the annual presentation of the American Gas Association (AGA) to the New York Society of Security Analysts (NYSSA). The AGA represents companies that deliver natural gas to residential, commercial and industrial customers across the U.S. The … Continue reading

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Update on Consolidated Water (CWCO)

Shares of Consolidated Water (CWCO) have struggled over the past several months, extending a period of underperformance vs. peers that stretches back for more than a year. Year-to-date (through 12/9), CWCO has posted a loss (including dividends) of 6.4%. That … Continue reading

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A Quick Look at Connecticut Water (CTWS) and American States Water (AWR)

Recently, at the Three Part Advisors East Coast IDEAS Conference, I had the opportunity to sit in on the presentations given by two water utility companies, Connecticut Water Service (CTWS) and American States Water (AWR).

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The Coal Industry Goes Bust

Very few industries have suffered a decline as steep as coal’s. In just five years, the coal industry has gone from relatively healthy to almost entirely bankrupt. Major coal producers – including Peabody Energy, Arch Coal, and Alpha Natural Resources … Continue reading

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Notes from the Aqua America Analyst Meeting

Aqua America (WTR) is the nation’s second largest publicly-traded water utility, serving three million people in eight states. It held an analyst meeting at the NYSE on Jan. 14, its first under new CEO Christopher Franklin.  He is a 20+ … Continue reading

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American Water Works (AWK) Update

2015 has been another strong year for the stock of American Water Works (AWK).  Year-to-date (through Dec. 18), it is up 11.7% on price and has delivered a 14.5% total return.  By comparison, the S&P 500 is down 2.6% on … Continue reading

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Consolidated Water (CWCO) 2015 Third Quarter Update

Consolidated Water (CWCO) reported 2015 third quarter earnings of $0.12 per share, compared with $0.13 per share in the prior year comparable quarter. Revenues of $14.6 million, were down 14% from $17.0 million last year.  Both earnings and revenues fell … Continue reading

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