Latest Strategy Changes News

DTE Energy plans to sell substantially all of its Vantage assets for about US$3 billion and redirect the proceeds into regulated utility infrastructure. The strategy lifts its five-year utility investment plan to US$44.2 billion and raises its long-term operating earnings growth target above 9%.

FOX has completed its acquisition of Roku, combining its news, sports and entertainment assets with one of the largest connected-TV platforms in the US. The US$14.1 billion cash component was supported by US$2 billion in term loans and an US$8.4 billion bridge facility.

PSEG has lifted its five-year regulated investment plan to US$22.5 billion to US$25.5 billion while maintaining its 2026 operating earnings guidance. The utility also outlined nuclear growth options and an indicative dividend increase, though several projects remain subject to regulatory approval.

WEC Energy Group has lifted its five-year capital plan to US$47.5 billion while securing a 9.50% authorised return on equity in Wisconsin’s 2027-2028 rate review. The plan is aimed at data-centre demand, new generation and grid expansion, but will require substantial debt and equity funding.

Pinnacle West has extended its 8%-10% annual sales growth outlook through 2030 as manufacturing, data centres and residential expansion reshape Arizona’s electricity demand. The plan points to a large investment cycle, but also greater financing and regulatory execution demands.

PPL has raised its long-term earnings growth target and unveiled a US$25 billion investment plan, while positioning new generation projects to capture soaring data centre demand. The opportunity is substantial, but the headline Pennsylvania deal remains non-binding and the plan requires further equity funding.

Charter Communications has launched a major operating reset after pro forma revenue, EBITDA and Internet customers declined in the third quarter. The company is targeting US$2 billion in annualised savings, but carries US$108.6 billion of debt after completing its Cox acquisition.

Moderna returned to quarterly GAAP profit, raised its 2026 revenue growth outlook and reported positive Phase 3 melanoma data. The stronger quarter was supported by international COVID vaccine sales, while cash generation and pipeline execution remain important tests.

Humana delivered a better-than-expected third quarter on insurance claims performance, lifting its 2026 adjusted EPS guidance despite reporting an adjusted loss for the period. The company also flagged stronger CenterWell growth and a lower-cost BlackRock joint venture as part of its path towards a 3% pretax margin by 2028.

Atlantic Lithium’s Scheme Booklet has been registered with ASIC, putting Huayou’s proposed US$210 million acquisition on the final stretch towards a shareholder vote. BDO backs the deal in the absence of a superior offer, but several regulatory and transaction conditions remain outstanding.

Clime Capital has received $8.5 million after a Victorian industrial development loan was refinanced, with the transaction expected to generate a $1.5 million FY27 gain. The settlement removes one material exposure from the unlisted investment pool under review after the company’s FY26 audit qualification.

Tetragon Energy has lodged a prospectus for up to 9.93 million free options that could generate $11.91 million if fully exercised. The offer raises no money upfront, leaves the options unquoted and adds a speculative funding path to the company’s Philippine oil and gas strategy.