Financial PerformanceIn 4Q23, the company reported a 1% increase in revenues with EPS of $1.13, down from $1.18 a year earlier due to lower weather-related demand.
Regulatory And Environmental ConcernsThere are uncertainties with the broader LNG picture due to the administration’s pause on non-FTA permits and environmental reviews.
Regulatory ChallengesThere is a degree of pessimism around the low equity layers in Texas, which could challenge future financial structuring for utilities within ERCOT.