Decarbon Daily - Upcoming Energy Earnings

Energy Earnings Calls - October 18th to 22nd

Next week kick's off the Q3 earnings season. With commodity prices soaring and energy investments on the rise, what energy segment will see the most gains or losses? Over the last year, many energy related stocks have seen huge gains while others are lagging. Here are several earnings calls to watch for next week.

EVs & Infrastructure

• Tesla (Oct 20th) - TSLA's stock is +79% nearing it's 52 week range max. The company recently announced it will move headquarters to Austin, Texas.

• Aqua Metals (Oct 20th) - AQMS has developed the AquaRefining technology to deliver a cost effective lithion-ion battery recycling solution.

Mining

• Freeport-McMoRan (Oct 20th) - FCX is 76% owned by funds or institutions and the company's stock is +110% in the last year.

Energy Services

• Halliburton (Oct 18th) - HAL recently announced a multi-year deal with VoltaGrid and Aethon Energy for e-frac solution in the Haynesville Shale. Last month, the company announced it's SmartFleet technology to enable real-time fracturing.

• Baker Hughes (Oct 20th) - BKR merged the Subsea Drilling Systems business with MHWirth (Akastor's wholly owned subsidiary). The company also announced plans to launch a flared gas recovery project in Iraq.

• Schlumberger (Oct 22nd) - SLB's stock is +101% over the last 12 months as the company sees a rebound in services due to the lift in commodity prices.

• TechnipFMC (Oct 20th) - FTI was awarded a substantial long-term contract by Petrobas this week for the pipelay support vessel Coral do Atlantico. The contract is valued between $250 million and $500 million.

• Ranger Energy Services (Oct 20th) RNGR acquired assets from Basic Energy Services in the past month. The RNGR stock is +286% in the last 12 months.

Midstream Services

• Kinder Morgan (Oct 19th) - KMI is +39% over the last year. KMI is one of the largest energy infrastructure companies in North America. The company operates the largest CO2 infrastructure network in the US.

• Valero Energy (Oct 20th) - VLO markets transportation fuels and other petrochemicals including renewable diesel. The company's stock is +81% in the last 12 months.

Rail & Logistics

• CSX Corporation (Oct 20th) - CSX owns and operates rail, intermodal, and transload services for two-thirds of the nation's population. The CSX stock is +23% in the last 12 months, on par with the S&P 500.

• Kansas City Southern (Oct 20th) - In the last several months, 4 analysts have offered 12-month price targets for Kansas City Southern. The company has an average price target of $289.00 ($300.00 High and $275.00 low).

• Union Pacific (Oct 21st) - UNP is 77% owned by funds and institutions. The company announced plans last month for 20% biodiesel fuel to reduce emissions in their rail cars.

Utilities

• NextEra Energy (Oct 20th) - NEE is underperforming in the last 12 months compared to the S&P 500. The company owns Florida Power & Light Company and NextEra Energy Resources to deliver clean, renewable energy to Florida customers.

Industrial Equipment

• Chart Industries (Oct 21st) - GTLS stock is +158% in the last year as the company secured funding for carbon capture from the US Department of Energy and is advancing other emissions reduction equipment for the energy and industrial gas markets.

• ABB (Oct 20th) - ABB launched the "world's fastest EV charger" last week that can charge a vehicle in 15 minutes. The modular charger will be available in Europe first in 2021 then the USA, Latin America, and Asia in 2022.

Inside this Issue

⚡️ Halliburton and VoltaGrid enter multi-year contract with Aethon Energy for electric fracturing solution
🌏 Tesla (TSLA) Breaks Record in China, Resulting in Massive Delivery Expectation Beat
☀️ DuPont Signs VPPA With NextEra Energy
🔌 ABB Launches the World’s Fastest Electric Car Charger