Sign in

    Elias Jossen • JPMorgan Chase & Co.

    Elias Jossen's questions to AltaGas Ltd (ATGFF) leadership

    Elias Jossen's questions to AltaGas Ltd (ATGFF) leadership • Q1 2025

    Question

    Elias Jossen, on for Jeremy Tonet, asked about commercialization opportunities from data centers and how they might impact the outlook for the Utilities segment. He also inquired about the potential impact and timeline related to the Trigon litigation.

    Answer

    Blue Jenkins, President of Utilities, confirmed ongoing conversations for medium-sized data centers and noted the company is structuring contracts for quicker cost recovery. Vern Yu, President and CEO, added that data centers could increase the utility rate base CAGR from 8% to potentially 9%. Regarding the Trigon litigation, Mr. Yu stated that AltaGas has exclusive rights to develop bulk liquid exports at Ridley Island and will vigorously defend them, noting the significant time and capital invested in securing permits.

    Ask Fintool Equity Research AI

    Elias Jossen's questions to Hess Midstream LP (HESM) leadership

    Elias Jossen's questions to Hess Midstream LP (HESM) leadership • Q1 2025

    Question

    Elias Jossen of JPMorgan Chase & Co. inquired about the business's sensitivities to macroeconomic volatility in the Bakken and the role of Minimum Volume Commitments (MVCs). He also asked for color on the volume split between Hess and third parties relative to the MVCs.

    Answer

    John Gatling, President and COO, confirmed Hess's stable 4-rig program and noted that volumes are well above MVC levels, with third-party volumes expected to constitute about 10% of the total long-term. CFO Jonathan Stein highlighted the company's financial stability, citing contracts with no direct commodity exposure, inflation escalators, low leverage, and MVCs set through 2027 that secure the targeted 5% distribution growth.

    Ask Fintool Equity Research AI

    Elias Jossen's questions to Pembina Pipeline Corp (PBA) leadership

    Elias Jossen's questions to Pembina Pipeline Corp (PBA) leadership • Q4 2024

    Question

    Elias Jossen, on behalf of Jeremy Tonet, asked about the conservatism in the 2025 guidance range and how to reconcile the strong Q4 results with the full-year outlook. He also questioned if the decreased risk profile of the Cedar LNG project is leading to higher rates in offtake contract negotiations.

    Answer

    SVP & CFO Cameron Goldade explained the guidance reflects seasonality in marketing and Alliance interruptible volumes, and is based on a forward commodity strip showing significant backwardation. President and CEO J. Burrows added that Q4 included one-time capital recoveries. Executive Stu Taylor confirmed that for Cedar LNG, Pembina is leveraging the project's de-risked status to improve its economics during offtake negotiations.

    Ask Fintool Equity Research AI

    Elias Jossen's questions to Kodiak Gas Services Inc (KGS) leadership

    Elias Jossen's questions to Kodiak Gas Services Inc (KGS) leadership • Q3 2024

    Question

    Elias Jossen, on for Jeremy Tonet, asked about the dynamics that could drive results to the high end of the 2025 guidance range and the current lead times for new compression units.

    Answer

    CEO Mickey McKee identified the successful repricing of the 30% of contracts up for renewal over the next 12-15 months as the key variable for reaching the high end of guidance, along with executing on remaining synergies. He noted that lead times for new units are stable at around nine months and are not expected to shorten significantly due to strong long-term demand from LNG and data centers.

    Ask Fintool Equity Research AI