Spark Li

UtilitiesIndustrials

Limited coverage. Only 6 questions of coverage. Treat these numbers as directional — sample too small for reliable averages.

Companies

Questions

Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.

Challenge Trend

Q2 '25Q4 '25

Focus Areas4 topics

Regulation Policy3Capital Allocation3M&A1Demand1

Trends3 quarters

Questions per Quarter

Questions

Challenging

Companies Covered

Question History6 questions

ATOAtmos Energy1 quarter

2025 Q3

I believe you mentioned 60 -- roughly 60% for distribution, 40% for APT. I'm just thinking, would that 60-40 split change meaningfully year-over-year just given potentially different CapEx cadence ...

Regulation PolicyView in transcript →

Just given the durability of the HB 4384 uplift, is it fair to view this dividend guide up as a long-term guide up here?

Capital AllocationView in transcript →

AWKAmerican Water Works1 quarter

2025 Q4

What is your latest expectations or plans for the Peoples Gas business use of proceeds to the extent that you opt for a sale

M&ACapital AllocationView in transcript →

What was your 2025 realized FFO to debt? And how do you forecast that over the period pro forma for the Essential Utilities transactions

Capital AllocationView in transcript →

do you expect to reach settlements in Pennsylvania New Jersey and Illinois rate cases pending

Regulation PolicyView in transcript →

PWRQuanta Services1 quarter

2025 Q2

is there really opportunity to increase near-term targets just by pulling forward renewable projects?

DemandRegulation PolicyView in transcript →