Daily Brief Utilities: Saibu Gas, Via Renewables and more

Key points (machine generated)

• Saibu Gas Holdings reported a record ordinary profit of ¥12,583 million for FY3/26, driven by investments in energy.
• The company expects declines in sales and profits for FY3/27 due to a negative impact from city gas pricing adjustments.
• Under its ‘ACT 2027’ plan, Saibu Gas aims to leverage natural gas demand and maintain stable earnings while ensuring shareholder returns.

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• Via Renewables operates as an independent retail energy services company in deregulated U.S. markets, generating revenue by selling electricity and natural gas to residential and commercial customers at a margin to wholesale costs. Its success is heavily dependent on managing commodity price volatility through hedging.
• In June 2024, the company was taken private through a merger, with founder and CEO W. Keith Maxwell III acquiring all outstanding common stock. Consequently, the Class A common stock (formerly trading on NASDAQ) was delisted, concentrating all voting power with the CEO.
• The company’s strategy focuses on customer growth through both organic sales channels and strategic ‘tuck-in’ acquisitions. In 2024, it added 127,000 residential customer equivalents (RCEs) organically and 82,000 through acquisitions.

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