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  • Roger S. Conrad

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.

Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.

In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.

Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.

Articles

8/13/20 Conrad’s Utility Investor Live Chat

By Roger S. Conrad on Aug. 5, 2020

Roger Conrad will host an online chat for Conrad's Utility Investor subscribers on Aug. 13, 2020 at 2 PM Eastern time.

Brookfield’s Stock Split and Q2 Results So Far

By Roger S. Conrad on Jul. 31, 2020

If you own shares of Conservative Holding Brookfield Renewable Partners (TSX: BEP-U, NYSE: BEP), you’ll soon notice they currently trade in the low 40s, versus a low 50s price just a few days ago. Don’t despair. The price change is the result of a uniquely structured 5-to-4 stock split. The overall value of your Brookfield position has not changed.

Q2 Takeaways from a Midstream Company that Matters

By Roger S. Conrad on Jul. 24, 2020

The numbers were never going to be pretty for North American energy midstream companies. Management teams warned this spring that Covid-19 fallout was crushing volumes on both the upstream and downstream ends of the business. But with Kinder Morgan Inc. (NYSE: KMI) clearly managing these turbulent times, investors can afford to remain patient with this sector.

From Chevron to Sunrun: Energy M&A Heats Up

By Roger S. Conrad on Jul. 20, 2020

Chevron Corp (NYSE: CVX) and Sunrun Inc (NSDQ: RUN) are weathering industry challenges far better than most rivals, positioning them on the leading edge of a building wave of energy mergers and acquisitions.

Why Utilities Might Love Biden’s Energy Plan

By Roger S. Conrad on Jul. 17, 2020

Elections have consequences, especially for highly regulated industries like electric utilities. And a prospective Biden Administration could actually get most of the way to its  energy goals because utilities are already quickly moving in this direction.

While We Wait on Results, Focus on Quality

By Roger S. Conrad on Jul. 10, 2020

Just how much damage is Covid-19 fallout doing to corporate earnings, dividends and balance sheets? We’ll get our best indication yet over the next month or so, as the vast majority of coverage universe companies report calendar Q2 results and update guidance.

The good news is regulated utilities appear to be tracking the expectations management communicated during Q1 earnings calls. Conservative Holding Sempra Energy (NYSE: SRE) in late June actually raised the mid-point of its 2020 earnings guidance from $7.10 to $7.50 per share.

AES Corp: High Growth at Deep Value

By Roger S. Conrad on Jul. 10, 2020

No Dow Jones Utility Average member has seen volatility this year like AES Corp (NYSE: AES). The stock hit a 12-year peak on February 18, then fell more than 60 percent, and has since recouped two-thirds of that loss.

Duke Energy: Rid of ACP, Focused on Renewables

By Roger S. Conrad on Jul. 10, 2020

Electric utilities measure life of key assets in decades, rather than months or years. Success not only requires making the right call on what in invest in, but being flexible enough to shift course when circumstances change.

Duke Energy (NYSE: DUK) has demonstrated both this month, shelving its Atlantic Coast Pipeline project with Dominion Energy (NYSE: D). The company’s natural gas power plants will be in business for a while, enabling retirement of 6.5 gigawatts of coal capacity since 2010. The utility plans to retire 900 megawatts more by 2025, while shortening lives of 7.7 GW in North Carolina and Indiana.

Portfolio Strategy: What to Watch in Q2 Results

By Roger S. Conrad on Jul. 10, 2020

Q2 earnings reporting season is coming up fast. And while no one is projecting blockbuster gains, certain baseline expectations must be met, and preferably beaten. Regulated utilities with posted earnings guidance offer the easiest benchmarks for gauging progress. Those updating in the past month offer the best odds of avoiding nasty surprises, always key to dodging downside.

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b