• Twitter
  • 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

Inside EEI 2018: Post-Conference Report

By Roger S. Conrad on Nov. 16, 2018
Every year about this time, I attend the Edison Electric Institute’s Annual Financial Conference. It’s an invaluable opportunity to gain investing insights from unmatched access to industry executives, vendors, credit raters and institutional analysts.

More Fires in California, Amerigas Still Solid

By Roger S. Conrad on Nov. 14, 2018
This year's autumn rains are late arriving in bone-dry California, resulting in another season of devastating fires. Smoke from the massive “Camp Fire” in northern California currently shrouds San Francisco and the ongoing Edison Electric Institute's annual Financial Conference in the city’s downtown area. Executives from PG&E (NYSE: PCG), the utility serving the affected region, withdrew from the conference to deal with the crisis.

Election Results and Earnings are Favorable Portents

By Roger S. Conrad on Nov. 11, 2018
The Dow Jones Utility Average finished the month of October up 1.9 percent. That was almost 9 percentage points better than the S&P 500, and despite rising interest rates. Historically, a positive October for utilities has meant a solid finish to the year. This time, the sector will have two other potential catalysts to help it along: Strong third quarter earnings and guidance, and what appear to be mostly supportive outcomes from the recent nationwide elections. I highlight numbers and guidance for the 200 plus essential service companies of our coverage universe in the Utility Report Card.

Atlantica Yield: Delivering on Dividends and Growth

By Roger S. Conrad on Nov. 11, 2018
The essential element of every successful yieldco is a deep-pocketed and motivated sponsor. Atlantica Yield (NYSE: AY) definitely has one in Algonquin Power & Utilities (TSX: AQN, NYSE: AQN), the financially strong North American utility that’s also a seasoned contract power project developer.

Aqua America Turns on the Gas

By Roger S. Conrad on Nov. 11, 2018
Conservative Holding Aqua America Inc (NYSE: WTR) produced a more than 22-fold return over the past quarter century. The simple formula for those gains: Acquiring small water systems unable to meet safe drinking water standards, upgrading them and passing along profits as consistent dividend growth.

Portfolio Strategy: Bedrock for Unsteady Times

By Roger S. Conrad on Nov. 11, 2018
Third quarter 2018 results are now in for all but a handful of the 200 plus coverage universe stocks. That also includes all Conrad’s Utility Investor Portfolio companies except Amerigas Partners (NYSE: APU), which reports next week. I highlight analysis of key numbers and guidance in Utility Report Card. Readers can access either on the website under the “Portfolios” tab, or by simply printing out the accompanying PDF with your issue.

Cutting Dividends to Avoid Capital Markets

By Roger S. Conrad on Nov. 11, 2018
Buckeye Partners (NYSE: BPL) has cut its distribution for the first time in its 30-year plus history: A -40.6 percent reduction spot on with our expectation. The move saves $300 million. That will fund modest capital spending without issuing new equity and make it easier to refinance the hefty $925 million in debt maturing through 2019.

Elections 2018: Utilities Fare Well But With Challenges

By Roger S. Conrad on Nov. 11, 2018
Elections have consequences. And few companies are as potentially exposed as providers of essential services like electricity, heat, water and communications. This year’s voting was no exception. Typically, mid-term elections are ill-attended affairs where the more energized party ambushes the other. This time, however, both Democrats and Republicans came out to play with the highest turnout for a non-presidential election year since 1966.

Disrupting our World – Turning Peril to Profit

By Roger S. Conrad on Nov. 6, 2018
Growth and Income for the Long-Term The demise of General Electric (NYSE: GE) is a shocking reminder that even 100-year-old institutions can face crises that threaten their very survival.

Stocks Not Sectors Are The Right Bet Now

By Roger S. Conrad on Nov. 6, 2018
What to Own and What to Sell Going into 2019. So far, 2018 has been a good year for the stock market, interest rates and oil prices for the same reason: An already robust US economy that’s been at least temporarily turbo-charged by massive corporate tax cuts.

MODEL PORTFOLIOS & RATINGS

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