Issue No 148 | November 10, 2025
Predictable, reliable and robust: That sums up Q3 earnings and guidance so far for the vast majority of Utility Report Card companies.
As of the second week of November, 34 of the 167 companies I track have yet to report in. But the pattern is clear: Guidance increases are outpacing cuts by nearly a 7-to-1 margin. And as was the case in Q2, the reductions can be chalked up to temporary factors, such as the weather.
Utilities’ growth is so precise because it’s tied to investment. And despite construction cost-raising tariffs, stubbornly high borrowing costs and increasing discord between […]
MORE ARTICLES FROM THE ISSUE
Utility M&A: Thinking Bigger and Better
Back in June, I highlighted a dozen small cap utility merger candidates, along with four deals in progress involving Utility Report Card companies. Since then, utility M&A has taken a fresh tur [...]
Raising Guidance Boosts Returns
Last month, I said I expected good news from CUI Portfolio stocks in Q3 numbers and guidance updates. And that’s exactly what we’ve seen with 38 of 41 companies reporting in. Of those, 20 raised th [...]
Three More Telecoms Cut Dividends
Heavy debt and shrinking revenue doomed dividends at three more Utility Report Card telecom companies last month. That includes both the companies on the Endangered Dividends List—Cogent Communication [...]
Next Issue Date: November 30, -0001
Put Roger’s wealth of experience to work for your portfolio.
Roger Conrad has committed his entire professional life to uncovering the best investment opportunities in the utility sector. Roger loves the industries he covers and never stops digging, never stops learning. Roger has never strayed from his mission of delivering the best stocks for investors seeking reliable income.
About Roger S. Conrad
Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.
Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.
In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.
Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.
A Message from Roger S. Conrad
More from Roger S. Conrad
7/3/24 | Market Call with Chuck Jaffe
