Despite energy trade being one of the focal points of trade negotiations between the U.S. and its partners, the dominant perception about the effect of tariffs on oil prices is negative. Most analysts point to the effect of tariffs on the economy of countries being “punished” with them, and, consequently, on oil demand.
The Utilities and Corporate Services segment generated $0.87 in earnings per share (EPS), up from $0.62 for Q1 2024. “The primary drivers of higher EPS were higher revenue requirements from capital investments, estimated temperature impacts on retail electric and gas sales, and timing of income tax expense”, the report stated. “These items were partially offset by higher depreciation and financing expenses”.